Fed's favorite core inflation measure hits 2.6% in January, as expected

Yields on 10-year Japanese government debt have surged to their highest levels since the 2008 financial crisis, rising to 1.59% amidst fears that the ruling Liberal Democratic Party (LDP) may lose its upper house majority in upcoming elections. This political uncertainty, driven by voter dissatisfaction with inflation and low wages, raises concerns about fiscal stability and could lead to significant concessions to smaller, populist parties. Explain It To Me Like I'm 5: Japan's government is...

Meta's AI Data Centre InvestmentMark Zuckerberg announced that Meta will invest hundreds of billions in AI data centres, with the first, Prometheus, set to launch in Ohio by 2026. The project includes multiple multi-gigawatt clusters, like Hyperion in Louisiana, with substantial energy and water requirements, as the company aims to develop advanced "superintelligence" technology. Explain It To Me Like I'm 5: Meta's boss, Mark Zuckerberg, announced that the company will spend a lot of money...

Nineteen members of the Whanganui chapter of the Hells Angels Motorcycle Club, including key leaders, face 72 charges following a major police operation. The charges involve supplying methamphetamine, importing cocaine, and money laundering, marking a significant impact on the gang's influence in the area. Explain It To Me Like I'm 5: Nineteen members of a motorcycle club in Whanganui got in trouble with the police for doing bad things like selling drugs and money problems....

The Great Indian Kapil Show will feature the cast of Son of Sardaar 2, including Ajay Devgn, Ravi Kishan, and Mrunal Thakur, with Ajay making his debut on the show. Expect plenty of laughter as Ravi Kishan’s humorous remarks about Kapil's weight loss promise to deliver comedy gags and witty exchanges throughout the episode. Explain It To Me Like I'm 5: The Great Indian Kapil Show will have funny guests from the movie Son of...

Last week, the Reserve Bank of Australia surprised markets by holding interest rates steady at 3.85%, which dampened consumer sentiment, causing the Westpac-Melbourne Institute index to rise only 0.6% to 93.1 in July. Despite a positive outlook for family finances and a slight increase in economic confidence, consumers remain cautious and uncertain about the future direction of the economy. Explain It To Me Like I'm 5: Australian consumers feel mixed emotions after the Reserve Bank...

Seattle's Cal Raleigh won his first All-Star Home Run Derby, defeating Tampa Bay's Junior Caminero 18-15, after entering the break with a league-leading 38 home runs. Raleigh, the first switch-hitter and catcher to win the title, advanced through a tiebreaker over Brent Rooker and was pitched to by his father, while notable competitors included Pittsburgh's Oneil Cruz and Minnesota's Byron Buxton. Explain It To Me Like I'm 5: Seattle's Cal Raleigh won the Home Run...