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BUSINESS & ECONOMY

📉 Consumers Reduce Credit Use Amid Growing Debts and Delinquencies

U.S. consumers increased credit use by just $8.9 billion, falling short of expectations and marking a slowdown in borrowing in June. Credit card use dropped for the second time in three months, while auto and student loans grew modestly. High interest rates and inflation are straining household finances, resulting in rising debt delinquencies. economist Elizabeth Renter observed, “Consumers are feeling constrained.” 

📉 Market Sell-Off May Become 'Self-Fulfilling Prophecy,' Warns Research Firm

Morningstar DBRS analysts warn that ongoing global market declines could spark a recession by creating a "self-fulfilling prophecy." The sell-off, driven by a weak U.S. jobs report, has significantly impacted the tech and banking sectors. Despite this, banks are viewed as robust. Analysts stated, "Our biggest concern is that this downturn will prompt CEOs to reduce investments and consumers to cut spending." 

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WORLD

🕰️ Iran Vows Response to Hamas Leader's Assassination at "Right Time" 

Iran’s acting foreign minister announced during an emergency OIC meeting in Jeddah that Iran would respond at the "right time" to the assassination of Hamas leader Ismail Haniyeh. The OIC blamed Israel for the killing but did not endorse military action. Acting Foreign Minister Baqeri Ali Bagheri Kani stated, "Iran's response will ensure justice and stability." 

✈️ Egypt requests airlines to steer clear of Tehran airspace for three hours on Thursday 

Egypt has instructed all its airlines to avoid Tehran airspace from 0100 to 0400 GMT on Thursday, following heightened tensions between Israel and Iran. This measure was communicated via a safety notice that prohibits flight plans over Tehran’s Flight Information Region (FIR) during this period. Jordan has also mandated extra fuel for flights landing at its airports.

🚨 Israel Targets New Hamas Leader Yahya Sinwar Amid Ongoing Conflict

Israel expressed strong opposition to Yahya Sinwar's appointment as Hamas's new leader after Ismail Haniyeh's death. Prime Minister Netanyahu stated intentions to “find him and attack him.” Sinwar, linked to the October 7 attack and known for his militant approach and Tehran connections, raises regional tensions. Analyst Rita Katz stated, "Under Sinwar, a ceasefire seems even less likely."

SCIENCE & TECH

🚀 Apple iOS 18 Beta 3 Introduces 'Thanos Snap' to Hide Safari Distractions

Apple’s iOS 18 public beta 3 includes a new Safari feature called Distraction Control, letting users hide unwanted ads and elements by tapping the Address Bar icon and selecting "Hide Distracting Items." They can be restored anytime by selecting "Show Hidden Items." The final release of iOS 18 is scheduled for September.

🚀 NASA: Boeing Starliner Astronauts Might Return on SpaceX in 2025

NASA is considering using SpaceX's Crew Dragon to bring back astronauts Suni Williams and Butch Wilmore in 2025, extending their stay on the ISS due to Starliner issues. Initially planned for eight days, their return is delayed while NASA evaluates the Starliner’s thruster problems. A decision is expected by mid-August, with the Crew Dragon possibly launching in September.

SPORTS & ENTERTAINMENT

🚨 Rapper Nelly Arrested in Missouri for Drug Possession and Warrant Violation

Rapper Nelly (Cornell Haynes II) was arrested early Wednesday near St. Louis for possessing ecstasy pills and not having car insurance. He was stopped by the Missouri Gaming Commission while leaving the Hollywood Casino. A prior warrant for failure to obtain insurance led to his arrest. Nelly was booked and later released from the Maryland Heights Police Department.

🏅 Quincy Hall Stuns with Comeback to Win Men's 400m Gold

Quincy Hall clinched the Olympic 400-meter gold with a personal-best time of 43.40 seconds. Trailing in fourth, Hall surged past Kirani James, Jereem Richards, and Matthew Hudson-Smith in the final 10 meters marking a dramatic turnaround from his 400 hurdles struggles. Hall stated, “You can’t outrun a dog, a dog is going to chase you forever.”  

🚫 Taylor Swift's Austria Concerts Canceled Due to Terror Plot Arrests

Taylor Swift's three "Eras Tour" concerts in Vienna, scheduled for Thursday, Friday, and Saturday at Ernst Happel Stadium, were canceled due to a confirmed terror plot. Two men, including a 19-year-old Austrian with North Macedonian roots, were arrested. Authorities believe one suspect was radicalized online and aimed to attack the concerts. Around 65,000 people were expected at the shows and will now receive refunds. 

OTHER NEWS

✈️ J.D. Vance Retreats After Odd Attempt to Board Kamala Harris’ Empty Plane

J.D. Vance attempted an unannounced confrontation with Vice President Kamala Harris by approaching Air Force 2, only to find the plane empty. Challenging her on avoiding questions, He stated, “I just wanted to check out my future plane.” The Harris campaign later mocked his effort, stating, "Now I want to sit back and relax... when all of a sudden I hear this agitating voice." 

💰 Harris-Walz Campaign Nets $36M in First 24 Hours After Running Mate Reveal 

Vice President Kamala Harris’ campaign raised $36 million in the 24 hours after announcing Minnesota Gov. Tim Walz as her running mate. This adds to her July total of $310 million, significantly surpassing Donald Trump’s $150 million. Harris, the first woman of color to lead a major party ticket, starts a national rally tour, stating, “Together, we will build a brighter future.”   

🚨 Biden Doubts Peaceful Transition If Trump Loses

President Joe Biden expressed doubts about a peaceful transition of power to Kamala Harris if Donald Trump loses the November election. Biden criticized Trump’s statements suggesting the only way he could lose is if the election is stolen. In an interview with CBS News, Biden said, “If Trump loses, I’m not confident at all... He means what he says, we don’t take him seriously.” He means it - If we lose there’ll be a bloodbath.” 

THIS DAY THAT YEAR

On August 8th, 1974, facing the near-certain prospect of impeachment due to his involvement in the Watergate scandal, U.S. President Richard M. Nixon announced his resignation. He was succeeded by Gerald Ford the next day.

BRAIN TEASER

What do you bury when it's alive and dig up when it's dead?

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

Here’s what Yesterday’s teaser was:

What common English verb becomes its own past tense by rearranging its letters?

The answer is: Eat

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