MACROSTORY 604· AUGUST 2, 2026

Iran warns of retaliation if the United States follows through on attack threats

Iran has vowed retaliation if the United States follows through on threats of new attacks against the country. Retaliation, in diplomatic terms, means a counterstrike triggered by an adversary's action rather than a first move. Iranian…

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Fed raises rates a quarter point: what it means for credit cards, mortgages, car loans, and savings

A rate hike is when a central bank raises the price banks pay to borrow money from each other overnight; that cost then passes into nearly every consumer loan in the country. The Federal Reserve just raised that rate by a quarter of a…

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Messi named in Argentina's preliminary squad as potential farewell to national team draws near

A farewell to international football may be drawing near for Lionel Messi. The Argentine Football Association has included him in its preliminary squad, the extended candidate list from which the final playing group is drawn, for home…

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49MACRO

BRICS nations agree to condemn unilateral war; formal vote set for Saturday

A joint declaration is a formal statement that every member country must accept before it carries weight. BRICS members have reached agreement on one: language condemning unilateral war by any country, four sources say. Formal approval by…

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