Federal Reserve’s preferred inflation measure held steady at 2.5% in July

The head of "60 Minutes" refuses to apologize in a potential settlement with President Trump over a lawsuit against CBS for allegedly editing an interview with Kamala Harris. Paramount is seeking a settlement to help secure a merger, causing tension within CBS News. Bill Owens, the executive producer, stands firm on not apologizing and plans to submit unedited materials to the FCC. Full Article

The Senate confirmed Chris Wright as the new head of the U.S. Department of Energy, with a focus on boosting domestic energy production and supporting President Trump's energy agenda. Mr. Wright, a former oil executive, emphasized a commitment to addressing climate change and promoting renewable energy while also advocating for the expansion of oil, gas, and coal use. Despite opposition from environmental groups, Mr. Wright's confirmation was supported by Senate Democrats and Republicans alike, with...

Lots of clothes on store shelves may become more expensive due to new tariffs from President Donald Trump. Despite three years of price increases and higher costs of living, some Wall Street analysts believe that consumers may be too fatigued to make purchases. The impact of the tariffs on consumer behavior remains uncertain. Full Article

Anthropic, a San Francisco-based start-up, has developed "constitutional classifiers" to protect against harmful content generated by AI models like its Claude chatbot, as tech giants like Microsoft and Meta work to address the risks posed by AI technology. The new system acts as a safeguard layer on top of language models, monitoring inputs and outputs for dangerous information. Anthropic offered bug bounties to testers who attempted to bypass the security measures, with the system rejecting...

Europe is facing economic challenges with growth hindered by various factors, including high energy prices and burdensome regulations. However, there is hope for positive surprises that could boost stocks, such as large interest rate cuts by the ECB and an end to the war in Ukraine. Despite Germany's economic struggles, European stocks have seen a strong start in 2025, with the DAX index up 7% and investors showing increased interest in the continent's equities. Full...

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