US consumer inflation rose mildly, increasing 0.1% in July, in line with economists’ expectations. The results, which put the annual rate at 3.4%, ease pressures on the Federal Reserve as it weighs an interest rate hike in September. The inflation data, along with a weak July jobs report, bolster the ...
AI trade surges on firms’ cloud earningsAI trade surges on firms’ cloud earnings
Cloud provider CoreWeave’s stock surged 19% Wednesday, as it joined a parade of firms providing critical AI infrastructure for hyperscalers reporting record demand. Taiwanese electronics maker Foxconn also beat forecasts, with cloud and networking services accounting for more than half of its revenue for the first time. The race to ...
German cabinet approves new spying rulesGerman cabinet approves new spying rules
Germany’s cabinet approved new rules for its spies Wednesday to lift World War II-era restrictions on offensive cyber operations, sabotage, and espionage. The changes augur a “revolution” in Berlin’s intelligence infrastructure, the German interior minister said, fueled by a growing perception across Europe that the threat of Russian sabotage and ...
Los Angeles Lakers sold for record $12.5 billionLos Angeles Lakers sold for record $12.5 billion
Former Disney chief Bob Iger and investor Josh Kushner are buying the NBA’s Los Angeles Lakers for a record-setting $12.5 billion, just 14 months after the team sold for $10 billion. Valuations for professional sports franchises have soared to eye-popping levels, as billionaires search for a dwindling number of trophy ...
China’s economic reformer Zhu Rongji dies at 97China’s economic reformer Zhu Rongji dies at 97
Former Chinese Premier Zhu Rongji, a leading architect of the country’s economic rise, has died aged 97. Zhu’s signal accomplishment was steering China into the World Trade Organization in 2001, after laying the groundwork with a host of reforms: overhauling the tax system, commercializing state banks, and smashing the “iron ...
Israeli militants besiege two Palestinian families in their West Bank homesIsraeli militants besiege two Palestinian families in their West Bank homes
Settlers and soldiers cut off water and electricity to homes, and block medical care in campaign of terror Israeli militants have besieged two Palestinian families in their homes since the weekend, aiming to take over their properties in the West Bank village of Qusra through a campaign of terror. A ...
Here’s the Manual for ICE’s Electric Shock GlovesHere’s the Manual for ICE’s Electric Shock Gloves
Immigration and Customs Enforcement (ICE) plans to spend tens of millions of dollars on buying specialized gloves that pulse with electrical energy, which make it easier for agents to subdue people, the Associated Press reported on Tuesday. A user manual for G.L.O.V.E, or Generated Low Output Voltage Emitter, sold by ...
Once-in-a-generation solar eclipse wows millions in UK and EuropeOnce-in-a-generation solar eclipse wows millions in UK and Europe
More than 95% of the Sun was covered by the Moon in Cornwall, while parts of Spain experienced the magic of a total eclipse. ...
Millions watch ‘surreal’ solar eclipse in UK and EuropeMillions watch ‘surreal’ solar eclipse in UK and Europe
More than 90% of the Sun was covered by the Moon in the UK, while a full eclipse was visible in Spain and Iceland. ...
Major Russian grain export terminals hit in Ukraine Black Sea port attackMajor Russian grain export terminals hit in Ukraine Black Sea port attack
Grain exports from both Russia and Ukraine are falling as both countries attack each other’s shipping facilities and ports. ...