Jobless Claims Drop

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BUSINESS & ECONOMY

📉 Low US Jobless Claims and Strong Retail Sales Ease Recession Worries 

US weekly jobless claims fell by 7,000 to 227,000, signaling a resilient labor market, while continuing claims also dropped by 7,000 to 1.864 million. Retail sales surged 1.0% in July, driven by strong consumer spending, though manufacturing production declined by 0.3%. This data eases recession fears. Economist Christopher Rupkey stated, "The economy is not going off the rails."

🛒 Kamala Harris to Propose Ban on Food Price Gouging

Vice President Kamala Harris is set to propose a federal ban on "corporate price-gouging" in the food and grocery sectors, addressing the rising costs burdening American families. If elected, Harris pledges to scrutinize supermarket mergers to prevent unjustified price hikes, particularly in the meat industry. Harris declares, “It’s time to protect consumers from corporate greed that’s driving up their grocery bills.”   

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WORLD

🌏 North Korea to Reopen Borders to Select Foreign Tourists After 5 Years

Tour companies have announced that North Korea will reopen its borders to select foreign tourists starting in December 2024, marking the first time in nearly five years since the country closed due to COVID-19 restrictions. Initial tourism will be permitted in Samjiyon, with the possibility of broader access later. U.S. citizens remain excluded due to ongoing travel restrictions.    

🌟 Abbas Announces Gaza Visit, Urges Muslim Leaders to Join

Veteran Palestinian leader Mahmoud Abbas announced plans to visit Gaza, urging Muslim leaders to join him amid the ongoing Israel-Hamas conflict, which has claimed over 40,000 Palestinian lives. Speaking in Ankara, Abbas condemned Israel's actions as "genocide" and emphasized the importance of Palestinian rights for regional stability. He declared, "I will go even if the price is my life." 

SCIENCE & TECH

🔍 Google’s AI Search Summaries Now Cite Sources Differently

Google is enhancing its AI search summaries with clickable links and a new right-side display for cited sources, aimed at increasing publisher traffic. Users can now simplify summaries using a new button. These updates, part of the "AI Overviews and more" experiment, are rolling out to the UK, India, Japan, Indonesia, Mexico, and Brazil, starting with English queries in the US.  

🔊 OpenAI Warns of Emotional Dependency on ChatGPT's New Voice Mode

OpenAI is concerned about users forming emotional dependence on its new ChatGPT voice mode, which mimics human speech with lifelike qualities. The company’s safety review revealed users expressing deep connections with the AI, raising fears it could reduce human interaction and lead to misplaced trust. OpenAI plans to study this further to ensure responsible AI use.

SPORTS & ENTERTAINMENT

🚨 5 Charged in Matthew Perry's Overdose Death 

Five people, including two doctors, Perry’s assistant, a drug distributor, and "The Ketamine Queen," are charged in Matthew Perry's ketamine death. They conspired to supply and administer over 70 vials of ketamine, exploiting Perry’s addiction for profit. U.S. Attorney Martin Estrada stated, “They knew the risks but continued for their own gain.” 

😢 Houston's Club Godzilla BeatKing Passes Away

Houston rapper BeatKing, born Justin Riley, has passed away. He gained fame with his 2010 album "Kings of the Club" and is known for hits like "Then Leave" and "Thick." BeatKing collaborated with artists such as 2 Chainz and Bun B and was recognized for his humor and distinct style. His passing was confirmed by his manager, with no cause disclosed. 

OTHER NEWS

💊 White House: Prescription Drug Deals to Save Billions for Taxpayers

The Biden administration announced that new deals with pharmaceutical companies will reduce the list prices of 10 of Medicare's most expensive drugs by 38% to 79%, starting in 2026 saving taxpayers $6 billion annually and seniors $1.5 billion. However, individual savings remain uncertain due to varying Medicare plans. Vice President Harris emphasized, "We’ve been using this new power to lower the price of life-saving medication." 

🌊 Arizona, Nevada, and Mexico to Face Same Colorado River Water Cuts in 2025

Arizona, Nevada, and Mexico will face the same water cuts from the Colorado River in 2025 as in 2024, losing 18%, 7%, and 5% of their allocations respectively. Ongoing drought, rising temperatures, and overuse have left reservoirs at 37% capacity. Conservation efforts in Arizona, California, and Nevada, funded by the federal government, continue through 2026 as states negotiate future water-sharing guidelines. 

💰 Trump's Financial Disclosure Reveals Millions Earned, But Legal Costs Mount

Donald Trump's latest financial disclosure shows over $17 million earned from licensing deals and book royalties. The 250-page report highlights global business interests, including significant cryptocurrency holdings, while revealing over $50 million owed due to civil judgments. His income from ventures like Mar-a-Lago remains strong. His campaign stated, "Trump has released more financial information than any candidate in history." 

THIS DAY THAT YEAR

On August 16th, 1819, the Peterloo Massacre marked a dark chapter in English history. On this day, a peaceful gathering of reformers in St. Peter's Fields, Manchester, was violently dispersed by cavalry, resulting in widespread outrage and significant casualties.

BRAIN TEASER

How can you drop a raw egg on the concrete floor without cracking it?

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

Here’s what Yesterday’s teaser was:

A king, a queen, and two twins all lay in a large room. How are there no adults in the room?

The answer is: They’re all beds!

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