Fed cuts by a quarter point, indicates fewer reductions ahead

Last year, Banksy captivated fans with a series of animal-themed murals across London, starting with a goat on August 5 and followed by various other animals, some of which have since been removed. The artist confirmed the pieces shortly after their appearance, a departure from his usual practice, and recently added two more works, raising speculation about their significance. Want More Context? 🔎

A Fulton County grand jury declined to indict former Atlanta police officer Kiran Kimbrough in the death of church deacon Johnny Hollman Sr., who died after a struggle following a minor car crash in August 2023. The family expressed devastation over the decision, while Kimbrough's attorney claimed the officer's actions did not cause the death, citing medical complications and Hollman's resistance. Want More Context? 🔎

Australia and Japan have signed a historic $10 billion defense agreement for the production of 11 advanced Mogami-class frigates, enhancing Australia's naval capabilities with long-range missile systems. The new ships, set to be operational by 2030, will significantly upgrade Australia's fleet and strengthen defense cooperation between the two nations amidst rising regional tensions. Want More Context? 🔎

Saudi Aramco reported a 22% profit decline in Q2, totaling 85 billion riyals ($22.67 billion), marking ten consecutive quarters of profit drops due to falling crude oil and product prices. The company's market value has decreased by over $800 billion since 2022, despite strong market fundamentals and expectations for increased oil demand in the latter half of 2025. Want More Context? 🔎

A Colorado funeral home owner, Carie Hallford, pleaded guilty to federal wire fraud after admitting to defrauding customers and the government out of nearly $900,000 by failing to cremate nearly 200 bodies and misrepresenting services. Hallford faces up to 20 years in prison, while her husband Jon has already been sentenced to 20 years for similar charges, amidst a scandal that has deeply affected grieving families. Want More Context? 🔎

Federal Resources Minister Madeleine King indicated that Australia might consider a significant investment in a rare earths company, inspired by the US Department of Defense's recent acquisition of a 15% stake in MP Materials to reduce reliance on China. She emphasized that any investment would depend on ensuring the taxpayer's money is repaid and mentioned the potential establishment of a price floor for rare earth elements to stabilize the market. Want More Context? 🔎