Inflation Rises Unexpectedly, Keeping Fed Rate Cuts at Bay

A new trade agreement between the U.S. and the European Union will raise tariffs on EU imports to 15%, impacting economic growth in the EU, which is projected to see a 0.2% GDP decline. While the deal enhances U.S. access to the EU market and includes commitments for significant energy purchases, it has drawn criticism for being unbalanced, with fears of further trade tensions looming. Want More Context? 🔎

President Trump has requested a US court to expedite Rupert Murdoch's deposition in his $10 billion lawsuit against the Wall Street Journal, which published a piece alleging Trump wrote a questionable birthday letter to Jeffrey Epstein. Trump's lawyers emphasized Murdoch's advanced age and recent health concerns as reasons for the urgent deposition, while the Journal stands by its reporting and prepares to defend itself. Want More Context? 🔎

President Trump's effort to keep Alina Habba as New Jersey's acting U.S. attorney has sparked a legal challenge from Julien Giraud Jr., who claims her appointment violates the Federal Vacancies Reform Act. Giraud's lawyer argues that Habba's reappointment is unconstitutional, as federal judges recently designated Desiree Leigh Grace to temporarily fill the role, leading to confusion over leadership in the U.S. Attorney's Office. Want More Context? 🔎

The Brink couple, Clinton, 43, and Cristen, 41, were tragically killed at Devil's Den State Park in Arkansas while protecting their two daughters, aged 9 and 7, who were unharmed. A manhunt is underway for a suspect described as a white male seen near the park, and authorities urge anyone with information or footage to come forward as the family seeks privacy and justice. Want More Context? 🔎

A tropical storm in the central Pacific rapidly intensified into Hurricane Iona, located 895 miles southeast of Honolulu, with no immediate threat to Hawaii. Expected to move westward, Iona was a Category 1 hurricane anticipated to strengthen to Category 2 before gradually weakening later in the week. Want More Context? 🔎

Authorities have identified at least four suspects involved in a violent brawl in downtown Cincinnati, which left two individuals seriously injured. The incident, captured on video and described as "cruel and absolutely unacceptable" by police Chief Teresa Theetge, has prompted an investigation as officials seek to identify additional participants amid outrage from local leaders. Want More Context? 🔎