90%+ Americans Trim Spending

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📈 Treasury yields reach 16-year peak before Fed meeting

US Treasury yields surged to a 16-year high, indicating market anticipation of a hawkish Federal Reserve. Benjamin Jeffery of BMO Capital Markets remarked, “Markets are setting up for a hawkish Fed tomorrow.” Heightened inflation worries, driven by a 3.7% August CPI increase, challenge the Fed's 2% target. Complex global oil prices and market dynamics add to the inflationary pressures.

💰 U.S. National Debt Soars to $33 Trillion Milestone!

U.S. national debt exceeds $33 trillion, marking a historic high ahead of a potential government shutdown over funding disputes. The surge, influenced by tax cuts and COVID-19 stimulus, sparks a Congressional deadlock: Republicans push for spending cuts, while Democrats back Biden's programs. White House's Kikukawa says past tax cuts favored the wealthy, while Biden's reforms could save $2.5 trillion. Congress's decision deadline is on Sept. 30.

📉 90%+ Americans Trim Spending & Extend into Holidays: Survey

A CNBC-Morning Consult survey revealed 92% of US adults reduced discretionary spending recently, with 76% planning to cut back during the holiday season. Amidst a 3.7% inflation spike, all income groups feel the economic pinch. Significant cutbacks are seen in dining, clothing, and entertainment. With rising food and gas prices, Fed Chair Jerome Powell notes inflation is "well above the 2% target."

🇮🇷 Iran Accuses US of Fueling Ukraine Conflict in UN Speech, Prompting Israel Walkout

At the UN General Assembly, Iran's President Ebrahim Raisi blamed the U.S. for Ukraine's violence, stating the “project to Americanise the world has failed.” Israel's ambassador walked out in protest. The U.S. further introduced sanctions on Iran, China, Russia, and Turkey while E3 nations (France, Germany, and UK) expressed concerns over Iran's nuclear activities.

💰 Global debt reaches all-time high of $307 trillion, ratios soar

Global debt surged to $307 trillion in Q2, led by the U.S. and Japan. The Institute of International Finance (IIF) noted a debt-to-GDP ratio increase to 336%, attributing it to "the sudden rise in inflation." Over 80% of this debt rise stemmed from developed countries while the U.S., among others, significantly influenced this escalation.

📈 Google Raises Ad Prices to Meet Targets, Says Executive

Google covertly adjusted advertising auctions, sometimes hiking prices by 10%, revealed Jerry Dischler at an antitrust trial. This raised concerns among marketers about manipulating Smart Bidding for profit. Facing allegations of monopolistic tactics, Google's search ads generated over $100 billion in 2020. These price tweaks aimed to meet Wall Street targets, potentially substantiating claims of Google's illegal monopoly.

💰 Fortnite players eligible for a share in $245M FTC settlement!

Epic Games' $520 million settlement with the FTC for deceptive practices and children's privacy violations allows affected Fortnite users between January 2017 and September 2022 to claim compensation. Users may receive an email from the FTC with a claim number or visit the settlement site using their Epic account ID. They must submit claims by January 17, 2024.

🎤Taylor Swift & Google Drop Glitch-Infused Vault Song with 33 Million Puzzles!

Taylor Swift's virtual hunt for "1989 (Taylor's Version)" song titles via Google Puzzles hit technical snags. Fans were frustrated with the challenges of solving 33 million puzzles. Google addressed the glitches, stating, "You’ll be helping Swifties...get the vault track titles!" Swift's album, capturing significant attention, is set for release on Oct. 27.

🕵️‍♂️ Massachusetts Police Probe Death of Patriots Fan at Gillette Stadium

Dale Mooney, 53, died at a New England Patriots game at Gillette Stadium following an altercation. Witnesses said Mooney was "punched really hard on the side of the head." His wife, Lisa, shared, “It takes a lot to get him mad. He has the patience of a saint. I don’t know what happened.” Massachusetts authorities are investigating.

🚨 Bijou Phillips to Split from Danny Masterson Following Rape Conviction - Reports

Bijou Phillips has filed for divorce from "That '70s Show" star Danny Masterson following his 30-year sentence for rape. Married for 12 years with a child, Phillips seeks full custody, spousal support, and separate assets. The case's ripple effect saw Ashton Kutcher apologize for supporting Masterson and resign from his charity, Thorn.

👔 Senate Abandons Dress Code: Fetterman and Peers Opt for Casual Attire

U.S. Senate Majority Leader Chuck Schumer relaxed the Senate floor dress code, allowing senators to choose their attire. This followed Pennsylvania Sen. John Fetterman's casual shorts attire. Some senators see this as diminishing the Senate's decorum, while Fetterman considers his informal wear a symbol of health recovery. Reactions are mixed, with some senators embracing the change and others using it sparingly.

🛬 5 Americans Released in Iran Prisoner Exchange Return to US

Five Americans detained in Iran returned to the US after a controversial prisoner swap involving a $6bn Iranian fund transfer from South Korea to Doha. Concurrently, five Iranians were released by the US. Amid celebrations, President Biden announced new Iranian sanctions, emphasizing the travel risks and assuring oversight of the released funds.

📊 66% of Americans lack confidence in the political system: poll

Pew Research reveals deepening U.S. political mistrust: only 4% believe the system works well and 63% doubt its future. Positive views of governmental bodies hit historic lows, with 86% perceiving parties as prioritizing infighting. High campaign costs and lobbyists' influence concern 85%. Moreover, 70% struggle to access unbiased political news.

🚹 Stressful, Unappreciated Jobs Double Heart Disease Risk in Men

A study in the Journal of the American Heart Association found stressed male workers feeling under-appreciated face double the risk of heart disease due to "effort-reward imbalance" (ERI). Spanning 18 years, the research emphasized the importance of healthy work environments. While both genders were studied, a direct link between job stressors and heart health wasn't established for women.

On September 20, 1870, Italian forces took control of Rome during the Franco-Prussian War, completing the Risorgimento. This event led to the incorporation of Rome and the Papal States into the Kingdom of Italy, limiting the papal governing authority to the Vatican and its immediate surroundings.

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