Young Americans Struggle with Savings

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BUSINESS & ECONOMY

🚨 25% of Gen Z Wish They Had Saved More for Emergencies 

Young Americans' top financial regret is not saving enough for emergencies, with 25% of Gen Z and 21% of millennials highlighting this issue. Only 44% can cover a $1,000 emergency, and over 25% have no savings. Inflation makes saving harder. Greg McBride of Bankrate suggests automating small savings, while Matt Schulz of LendingTree states, “Even minimal savings offer crucial financial protection.”  

📈 US Q2 Economic Growth Revised Up to 3% Annual Rate

The U.S. economy grew at a 3% annual rate in Q2, up from 2.8%, driven by strong consumer spending and a 7.5% rise in business investment following 1.4% growth in Q1. Despite high interest rates, inflation eased to 2.5%, and core PCE inflation dropped to 2.7%. Economist Mark Zandi said, “This revision reflects an economy showing surprising resilience and strength.”

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OTHER NEWS

📺 Disney yanks ABC, ESPN, and more from DirecTV in a contract dispute

Disney has pulled ABC, ESPN, and other networks from DirecTV after failing to reach a new distribution agreement affecting over 11 million subscribers during major sports events like the US Open, college football, and the NFL season opener. The standoff highlights disputes over pricing and content bundling. Disney urges DirecTV to prioritize consumers, stating, "We will not enter into an agreement that undervalues our portfolio." 

🌊 US Completes Largest Dam Removal, Big Win for Indigenous Tribes

The largest dam removal in U.S. history is complete after decades of Indigenous tribes' efforts on the Oregon-California border. The demolition of four Klamath River dams revives salmon populations, restores the river's natural flow, and heals cultural wounds for the Yurok Tribe. Mark Bransom, CEO of the Klamath River Renewal Corporation stated, “The river is now back in its historical channel.”  

🤰 Trump Pledges Free IVF for Women, Slams Six-Week Abortion Ban 

Donald Trump has proposed offering free IVF treatments for all women if re-elected, aiming to bolster his stance on reproductive rights. He also condemned Florida’s six-week abortion ban as “too restrictive.” Addressing supporters in Michigan, Trump highlighted the high costs of IVF and suggested tax breaks for newborn-related expenses stating, “Supporting families means making choices easier.”

WORLD

🛑 Israelis Rally for Ceasefire After 6 More Hostages Die in Gaza

Tens of thousands of Israelis surged into Jerusalem’s streets Sunday night, chanting “Now! Now!” after six more hostages were found dead in Gaza. They demanded Prime Minister Netanyahu agree to a cease-fire with Hamas. The protest, Israel’s largest in 11 months, coincided with a general strike. Tel Aviv resident Shlomit Hacohen stated, “We believe the government is prioritizing its own survival over saving lives.”

🎉 German Far-Right Celebrates 'Historic' Win in Eastern Election

Germany witnessed a pivotal electoral moment as the far-right Alternative for Germany (AfD) secured 32.8% of the vote in Thuringia, leading the CDU by 9.2% marking their strongest performance in a state election, earning them 32 seats in the state parliament. However, the AfD faces a coalition barrier as other parties resist collaboration. Chancellor Olaf Scholz expressed alarm, noting, "The AfD is weakening Germany."

🚨 Kamala Harris Slams Hamas: 'Cannot Control Gaza' 

Vice President Kamala Harris condemned Hamas on Saturday after the Israeli army recovered six hostages’ bodies. She called Hamas "an evil terrorist organization" and criticized its inability to control Gaza. Harris stressed the need to address the group's threat to Israeli and American citizens, asserting, "The threat Hamas poses to the people of Israel and American citizens in Israel must be eliminated and Hamas cannot control Gaza." 

SCIENCE & TECH

🔌 Apple to Ditch USB-A Ports in M4 Mac Mini, Develops Budget Magic Keyboard

Apple is reportedly planning to drop USB-A ports from the upcoming M4 Mac mini, replacing them with USB-C ports, along with ethernet, HDMI, and a headphone jack. The standard and Pro versions will ship in September and October. Additionally, Apple is also working on a low-end Magic Keyboard for non-Pro iPads, expected to launch by mid-next year.  

🔊 Amazon’s Alexa to Integrate Claude AI for Enhanced Voice Assistant

Amazon is set to release an enhanced Alexa voice assistant powered by Anthropic's Claude AI model. Dubbed "Remarkable Alexa," this version seeks to overcome previous AI challenges with new features, including AI-generated news, a child-friendly chatbot, and enhanced shopping tools. It may be offered as a subscription service priced between $5 to $10. Amazon’s partnership with Anthropic is currently under UK investigation.

🚀 Boeing Starliner Returns Empty Next Week While Crew Remains in Space

Boeing's Starliner spacecraft, which launched on June 5, will return to Earth uncrewed on Sept. 6 due to delays and technical issues. The crew, Barry Wilmore and Sunita Williams will stay aboard the ISS until February, returning via a SpaceX capsule. Starliner will autonomously land in New Mexico before heading back to Boeing’s factory for further testing. 

SPORTS & ENTERTAINMENT

🥊 Gunther & Cody Rhodes Retain Titles at WWE Bash in Berlin 2024

WWE stars Gunther and Cody Rhodes successfully defended their titles at the WWE Bash in Berlin 2024, with Gunther retaining his World Heavyweight Championship after a grueling contest against Randy Orton, and Rhodes overcoming Kevin Owens in a closely fought match. Meanwhile, CM Punk secured a victory over Drew McIntyre in a strap match and declared his pursuit of Gunther's title, stating,  "I want the gold, I’m coming for you sucka."

🎤 Adele announces extended break from music: 'I'll be away for a long time'

Adele has announced an upcoming hiatus from music, revealing plans for a lengthy break after her Las Vegas residency ends on November 23, 2024. During a performance in Munich, she said, “I will not see you for an incredibly long time,” and expressed a desire to pursue other creative projects, emphasizing, “I don’t have any plans for new music at all.”

🏈 USC No. 23 stuns LSU No. 13 with a last-second touchdown

USC secured a thrilling 27-20 victory over No. 13 LSU in the final seconds. Miller Moss led the game-winning drive, setting up Woody Marks' second touchdown after Kyron Hudson's spectacular catch. LSU’s Garrett Nussmeier threw a late interception, sealing USC's win. Moss impressed with 378 passing yards, while Nussmeier had 304 yards. Moss stated, "We stayed calm and executed when it mattered."

THIS DAY THAT YEAR

On September 2nd, 1945, World War II officially ended when Japanese Foreign Minister Shigemitsu Mamoru and General Umezu Yoshijiro signed Japan's formal surrender aboard the USS Missouri.

BRAIN TEASER

I am something to make you think, something to make you know, something to which the answer you might never know. What am I?

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

Here’s what Friday’s teaser was:

You're stuck in a tower with no doors or windows. You have an orange and a knife. How do you escape?

The answer is: You cut the orange in half. Two halves make a whole. You go through the hole.

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