The US House has passed a $1.15 trillion defense bill, focusing on military funding amid ongoing concerns regarding the Iran war and U.S.-Israel relations.
US retail sales increased 0.6% in February, fueled by strong vehicle and clothing sales, but rising gas prices from the Iran war threaten consumer spending.
China announces a 7% increase in its defense budget, focusing on military enhancements amid rising geopolitical tensions, particularly regarding Taiwan.