US home builder sentiment turned lower in August, returning to the lowest level since 2022, according to monthly polling by the National Association of Home Builders (NAHB). “Affordability continues to be the top challenge for the housing market and buyers are waiting for mortgage rates to drop to move forward,” said NAHB Chairman Buddy Hughes.

The Trump administration is reportedly considering buying a 10% stake in chipmaker Intel. The deal could make the US government the largest stakeholder in the embattled company.

Google announces its first deal to purchase power from a nuclear site for its data centers. Google’s contract with with Kairos Power is expected to reach its full potential for power generation by 2035.

The US Commerce Department announced that it is extending its 50% tariffs on steel and aluminum imports to include hundreds of derivative products, a move that is set to deepen global supply chain risks. This expansion identifies goods now subject to tariffs based on their steel and aluminum content.

US 10-year Treasury yield ticks up, but remains in middling range ahead of Federal Reserve’s annual conference, which begins on Thursday.