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• Erin Becomes the Atlantic’s First Hurricane This Year
  Erin became the...

  Erin became the first hurricane of this year’s Atlantic season on Friday, and it’s expected to continue growing stronger over the next few days, potentially even as strong as a Category 4.

  
  

  The hurricane is expected to bring heavy rain and strong winds as it passes north of the Caribbean islands over the weekend. And forecasters on Friday began to have a clearer picture of where they expect it to go after that, saying the likelihood of direct effects on the East Coast of the United States are “gradually decreasing.”

  
  
  
   
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• Taking the pulse of the US natural gas market
  US liquefied natural gas exports climbed by 22% year-over-year to a record...
  US liquefied natural gas exports climbed by 22% year-over-year to a record 76 million short tons in the first eight months of 2025, with strong European demand offsetting weaker Asian imports. Although industrial and commercial gas use has increased, electric power generators have reduced consumption due to higher prices. Looking ahead, gas demand from LNG facilities is expected to grow far faster than other segments and remain the driving force of market sentiment, likely keeping domestic prices elevated even if residential and office use declines.
  
  
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• Trump and Putin Meeting in Alaska
  The eyes of the world are on out-of-the-way Anchorage, Alaska, 🌦️...
  The eyes of the world are on out-of-the-way Anchorage, Alaska, 🌦️ where President Trump and Russian President Vladimir Putin will be holding a high-stakes summit later today. Anchorage isn’t used to being in the spotlight (and its residents are in a tizzy), so here are some facts to get you acquainted with Alaska’s most populous city:
  

  
  
  • It’s huge…in terms of area. The Municipality of Anchorage is 1,961.1 square miles, bigger than the state of Rhode Island.
  
  
  • Further north than Oslo, Stockholm, and Saint Petersburg, Russia, Anchorage can get 22 hours of daylight in peak summer.
  
  
  • In 2012, outdoors-loving Anchorage was named the worst-dressed city in the US in a Travel and Leisure magazine survey…but that was before wearing Carhartt was cool.
  
  

  
  
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• The Trump administration might be considering buying a stake in Intel
  In an exclusive, Bloomberg cited anonymous sources as saying, though...
  In an exclusive, Bloomberg cited anonymous sources as saying, though plans are “fluid,” a deal in which the US government would take a stake in the chipmaker to help bring its long-sought plant in Ohio to fruition. While a White House spokesperson, responding to Bloomberg’s request for comment, said the deal was “speculation,” it would fit an emerging pattern of the federal government brokering industry deals, such as the “golden share” arrangement brokered with Nippon Steel and, more recently, the deal for the US to receive 15% of Nvidia revenue that comes from the sale of the H20 chip to China. The sources said a deal would be contingent upon Lip-Bu Tan remaining the CEO of Intel.
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• ☕️What Else is Brewing Friday Morning
  The average 30-year fixed mortgage hit its lowest rate since...
  The average 30-year fixed mortgage hit its lowest rate since October 2024 this week. The decrease wasn’t much—6.58%, down from 6.63% last week—but it represented a reprieve amid persistently high mortgage rates. The drop was related to bond yields creeping lower, which were in turn influenced by weak hiring data in the July jobs report. This might be more blip than trend for now, though. Mortgage Bankers Association Chief Economist Michael Fratantoni told the Wall Street Journal, “What I’ve told our members is to just sort of expect there are going to be these moments of opportunity. But don’t expect they’re going to last long.” For most of the year, mortgage rates have sat just below 7%, which has meant listings staying up longer and fewer qualified purchasers being interested.
  
  Israeli Finance Minister Bezalel Smotrich announced plans to build 3,000 homes in the E1 area of the West Bank in order to “bury” the viability of a Palestinian state, a move that most of the international community considers illegal.
  
  Berkshire Hathaway bought over 5 million shares in UnitedHealth last quarter, a stake worth about $1.6 billion.
  
  Air Canada and the union representing 10,500 flight attendants are at loggerheads over compensation, and both announced that service disruptions at the airline would begin tomorrow.
  
  Apple is reinstating blood oxygen monitoring to newer Apple Watches following an import ban by the International Trade Commission.
  
  Airbnb said it would let users reserve certain properties in the US without paying up front, a feature it’s calling “Reserve Now, Pay Later.”
  
  Check out Cadillac’s new electric crossover concept car.
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