August Layoffs Hit Record

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BUSINESS & ECONOMY

📉 August Sees Surge in Planned US Layoffs

US employers unveiled 75,891 layoffs in August, the highest monthly total in five months and a threefold increase from July, according to Challenger, Gray & Christmas. The tech sector saw the most cuts with 39,563 layoffs. Despite this surge, layoffs are down 3.7% year-to-date. VP Andrew Challenger commented, “August’s surge reflects growing economic uncertainty and shifting market dynamics.”  

🚨 Fed’s Soft Landing Chance 'Very Slim,' Economist Warns

The Federal Reserve faces a "very slim" margin for a soft landing, says Daniel Zhao, lead economist at Glassdoor. Private job openings have dropped to their lowest since 2021, while jobless claims are slightly under expectations. Zhao anticipates a 25-basis-point rate cut in September, possibly a 50-basis-point cut if August's jobs report is poor. Zhao stated, "The margin of error is very slim." 

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WORLD

🚨 Israel’s Hebron Transformed into ‘Giant Prison’

Israeli military forces have transformed Hebron and nearby towns in the southern West Bank into a "large prison," according to Hebron's mayor, Taysir Abu Sneineh. He criticized the military's extensive use of checkpoints and road closures, which have halted essential services and impeded medical access. Abu Sneineh warned, “Removing those rights could lead to an explosion.”

🚨 Ukraine's Kursk Incursion Fails to Halt Russia's Donbas Push, Says Putin 

President Vladimir Putin criticized Ukraine’s August 6 Kursk incursion, intended to slow Russia's Donbas advance, as ineffective. Speaking at the Eastern Economic Forum in Vladivostok, Putin claimed the attack, involving drones and heavy weaponry, only diverted Russian forces temporarily. He asserted, "The aim of the enemy was to make us worry … Did it work? No."

🇫🇷 Barnier Becomes French PM, Seeks to End Turmoil

Michel Barnier has been appointed as France's new prime minister, almost two months after the snap elections ended in a political deadlock. Chosen by President Macron to stabilize the government and unify a fractured National Assembly, Barnier's first challenge is to draft the 2025 budget by October 1. He stated, "All political forces will have to be respected and listened to, and I mean all."

🚫 Netanyahu Asserts No Ceasefire or Hostage Deal with Hamas 

Israeli Prime Minister Benjamin Netanyahu declared on Thursday that no ceasefire or hostage deal with Hamas is imminent. Speaking to Fox News, he emphasized, “There’s not a deal in the making. Unfortunately, it’s not close,” countering recent optimistic statements from the Biden administration. Netanyahu described these claims as “exactly inaccurate” and blamed Hamas of being the main obstacle to an agreement.

SCIENCE & TECH

🚨 Google Faces Potential $100B Lawsuit Storm 

Google is facing up to $100 billion in legal issues after a federal judge ruled it a monopolist for inflating search text ad prices. Potential class-action lawsuits from advertisers and ongoing antitrust scrutiny are looming. Yelp has initiated legal action, with possible follow-up from Microsoft. Bernstein's Mark Shmulik observes, “Lawyers seem very eager for the work.” 

🤝 US and UK Ink Binding AI Treaty 

The US, UK, and EU signed the Framework Convention on Artificial Intelligence, a legally binding treaty ensuring AI use aligns with human rights and the rule of law. This agreement, also signed by Andorra, Israel, and others, mandates that countries adopt measures reflecting these principles. Effective after five ratifications, it plans to set global AI standards.

SPORTS & ENTERTAINMENT

🎤 Linkin Park Names Emily Armstrong as New Lead Singer   

Linkin Park has chosen Emily Armstrong from Dead Sara as their new vocalist and Colin Brittain as drummer. The announcement, made during a live event, introduced their single “The Emptiness Machine” and their album From Zero, set for release on Nov. 15. The band will also launch a six-date tour. Shinoda expressed excitement, stating, "We are thrilled about the journey ahead with this new lineup." 

🎤 Atlanta Rap Icon Rich Homie Quan Dies at 34 

Rich Homie Quan, one of Atlanta’s bedrock rap artists, has died at 34. Celebrated for tracks like "Type of Way" and "Flex (Ooh, Ooh, Ooh)," Quan made a notable impact with his feature on the 2014 hit "Lifestyle" alongside Young Thug. Atlanta rapper Future said, “Quan’s music touched many lives and his legacy will endure.” 

🏈 Chiefs Secure Narrow Victory Over Ravens as Isaiah Likely's Final Play Reviewed Out of Bounds

Kansas City Chiefs narrowly defeated the Baltimore Ravens 27-20 in a thrilling season opener. The game ended controversially when Isaiah Likely's potential game-winning catch from Lamar Jackson was ruled out of bounds on review. Patrick Mahomes threw for 291 yards and a touchdown, with rookie Xavier Worthy also scoring. As Chiefs coach Andy Reid said, “It was a hard-fought game, and we’re glad to come out on top.”

OTHER NEWS

🔫 85% of Gen Z Voters Worried About Public Gun Violence 

85% of Gen Z voters are deeply concerned about public gun violence, according to a recent NBC News poll. Among them, 50% support Vice President Kamala Harris, while 33% back former President Donald Trump. Economic pressures and rising costs also weigh heavily on this demographic. With 60% likely to vote, their political engagement remains high despite ongoing challenges.

📝 Hunter Biden Pleads Guilty to Tax Charges, Avoids Trial

Hunter Biden pleaded guilty to nine tax charges, sidestepping a forthcoming trial. Accused of evading $1.4 million in taxes while indulging in luxury expenses, Hunter faces sentencing on December 16, with a potential maximum penalty of 17 years and a $1.35 million fine. Hunter stated, “I can protect them from being publicly humiliated for my failures.”

🚨 Georgia School Shooting Suspect’s Father Arrested and Charged

The father of a 14-year-old Georgia school shooting suspect has been arrested for permitting his son to possess the gun used in the incident. Colin Gray, 54, faces charges of involuntary manslaughter, second-degree murder, and child cruelty. The AR-style rifle, given to his son as a Christmas gift, was used in the September 4 shooting that killed four people. Colt Gray will be tried as an adult. 

THIS DAY THAT YEAR

On September 6th, 1901, Republican President William McKinley, the 25th President of the United States (1897–1901), was shot by anarchist Leon Czolgosz at the Pan-American Exposition in Buffalo, New York. McKinley succumbed to his injuries eight days later.

BRAIN TEASER

Spelled forwards is a type of rodent that you might find in drains, spelled backward is something that you cannot touch but see it everyday at night. What is this word?

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here’s what Yesterday’s teaser was:

I am made up of two words joined together and represent a meal. My first half is a famous genre. My second half represents a crop. What am I?

The answer is: Pop- Corn

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