Business

Bank of America no longer predicting recession, CEO says

Bank of America’s economists no longer predict a U.S. recession, CEO Brian Moynihan announced, saying the bank now expects modest economic growth of 1.5% to 2% over the next six quarters. This contrasts with last year’s forecast, which anticipated a recession. However, JPMorgan Chase economists have raised the likelihood of a recession this year to 35%, up from 25%, citing a slowdown in wage inflation … Continue reading Bank of America no longer predicting recession, CEO says

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Business

European stocks open higher; UK wage growth falls to two-year low

European stocks opened higher on Tuesday, with the Stoxx 600 index rising 0.4%, led by gains in financial services. This follows a mixed close on Monday, as investors focus on upcoming U.S. and U.K. inflation data. U.K. wage growth slowed to 5.4% year-on-year between April and June, the lowest in two years, while unemployment fell to 4.2%. The British pound strengthened against the U.S. dollar … Continue reading European stocks open higher; UK wage growth falls to two-year low

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Business

Inflation outlook hits record low in New York Fed survey

In July, consumers grew more optimistic about future inflation, according to a New York Federal Reserve report. The three-year inflation outlook dropped to a record low of 2.3%, though consumers still expect inflation to remain elevated in the short term. This report comes as investors anticipate potential interest rate cuts by the Federal Reserve. While inflation expectations for gas and food prices decreased slightly, concerns … Continue reading Inflation outlook hits record low in New York Fed survey

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Politics

Senior investigator of House Foreign Affairs Committee resigns over committee’s ‘disappointing lack of courage’

A senior investigator for the House Foreign Affairs Committee, Jerry Dunleavy, resigned over frustration with Chairman Michael McCaul’s (R-TX) handling of the investigation into the Biden administration’s 2021 Afghanistan withdrawal. Dunleavy criticized the committee for not fully pursuing critical testimony or holding top officials accountable, despite uncovering evidence of the withdrawal’s failures. He expressed disappointment in the committee’s efforts, calling them a “sham” and accusing … Continue reading Senior investigator of House Foreign Affairs Committee resigns over committee’s ‘disappointing lack of courage’

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Politics

After technical delays, Trump talks immigration and tech policy with Musk

A highly anticipated online event featuring Elon Musk and former President Donald Trump was delayed by technical difficulties, with some users unable to access the discussion on Musk’s X app. Once the event began, it was mostly a Trump monologue, where he made casual insults and repeated debunked claims, while Musk occasionally asked questions. The event, which eventually attracted millions listeners, highlighted the renewed alliance … Continue reading After technical delays, Trump talks immigration and tech policy with Musk

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Politics

Trump campaign office burglarized in Virginia

Authorities are searching for a man in connection with a burglary at the Trump for President 2024 campaign office in Ashburn, Virginia, according to the Loudoun County Sheriff’s Office. The break-in occurred around 9:00 p.m. ET, but the suspect had fled before deputies arrived. Surveillance footage shows the suspect, an adult male, dressed in dark clothing and carrying a backpack. The investigation is ongoing, and … Continue reading Trump campaign office burglarized in Virginia

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Politics

RFK Jr. denied New York ballot access over residency concerns

A New York state judge ruled that independent presidential candidate Robert F. Kennedy Jr. will not appear on the state’s presidential ballot in November, finding that he falsely claimed residency in New York. The judge determined that Kennedy’s claimed residence in the New York City suburbs was a “sham” address used solely for voter registration. This ruling followed a challenge by a Democratic-aligned group and … Continue reading RFK Jr. denied New York ballot access over residency concerns

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Politics

FBI probing alleged Iran hack attempts targeting Trump, Biden camps

The FBI is investigating suspected hacking attempts by Iran targeting advisers to the Democratic campaign of President Joe Biden and Vice President Kamala Harris, as well as an associate of Republican candidate Donald Trump, according to the Washington Post. The investigation began in June, when Biden was still a candidate, with suspicions that Iran was trying to steal data from both campaigns, the Globe and … Continue reading FBI probing alleged Iran hack attempts targeting Trump, Biden camps

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U.S. News

Utah’s famed Double Arch collapses

Utah’s Double Arch, a popular natural landmark in Glen Canyon National Recreation Area, collapsed on Thursday due to natural erosion. The National Park Service reported that no one was injured during the event. Glen Canyon superintendent Michelle Kerns emphasized the importance of protecting natural resources around Lake Powell, noting that such features are vulnerable to both natural and human influences. The cause of the collapse … Continue reading Utah’s famed Double Arch collapses

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U.S. News

Mexican prosecutors weigh treason charges after drug lord ‘El Mayo’ Zambada’s arrest in US

Mexican authorities are considering charges against those involved in the abduction of Ismael “El Mayo” Zambada Garcia, co-founder of the Sinaloa Cartel, who was forcibly taken to the U.S. last month. On July 25, U.S. officials announced Zambada Garcia’s capture in El Paso, Texas, alongside Joaquín Guzmán López, son of “El Chapo.” Guzmán López allegedly abducted Zambada Garcia before turning himself in to U.S. authorities. … Continue reading Mexican prosecutors weigh treason charges after drug lord ‘El Mayo’ Zambada’s arrest in US

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U.S. News

Trial begins for Nevada official accused of murdering journalist

The trial of Robert Telles, a former Nevada county official accused of murdering Las Vegas Review-Journal reporter Jeff German, began Monday with jury selection. Telles, 47, allegedly killed the journalist in September 2022 after blaming him for ruining his career and marriage through investigative reporting. German, 69, was found stabbed to death outside his home. Telles was arrested days later after DNA evidence linked him … Continue reading Trial begins for Nevada official accused of murdering journalist

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U.S. News

Former Colorado clerk Tina Peters convicted in election interference case

Tina Peters, a former county clerk in Colorado, was convicted of election interference on Monday for breaching her county’s voting systems. Peters was found guilty of four felonies after a trial where prosecutors argued that she stole a county employee’s security badge to allow a man to access voter systems in support of claims about the 2020 election being stolen. Peters is the first local … Continue reading Former Colorado clerk Tina Peters convicted in election interference case

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U.S. News

Escaped bull fatally shot after causing 3-vehicle wreck on I-495, charging at officers

A 1,300-pound bull broke loose from a farm in Raynham, Massachusetts, causing a car wreck on Interstate 495 and prompting police to intervene on Monday morning. The bull, which escaped while being loaded for transport to a slaughterhouse, became enraged and broke through multiple fences before running onto the highway. After causing a crash, the bull fled into nearby woods and swam into Lake Nippenicket. … Continue reading Escaped bull fatally shot after causing 3-vehicle wreck on I-495, charging at officers

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World News

Helicopter on ‘unauthorized flight’ crashes onto roof of Australian hotel, killing pilot

Police are investigating a fatal helicopter crash in Cairns, Australia, where a pilot was killed after the aircraft struck a luxury hotel and burst into flames during an “unauthorized flight.” The crash occurred early Monday at the DoubleTree by Hilton Hotel, prompting the evacuation of hundreds of guests and staff. Two holidaymakers on the top floor suffered minor injuries. Authorities are still trying to identify … Continue reading Helicopter on ‘unauthorized flight’ crashes onto roof of Australian hotel, killing pilot

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World News

Security guard disarms attacker after girl and woman stabbed in central London

A security guard named Abdullah attempted to save an 11-year-old girl and a 34-year-old woman from a knife attack in London’s Leicester Square, one of the city’s busiest tourist areas. Abdullah, who was working nearby, intervened after hearing screams, managing to disarm and restrain the attacker with the help of two others until police arrived. The victims were taken to a trauma center; the girl’s … Continue reading Security guard disarms attacker after girl and woman stabbed in central London

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World News

Greece’s marble mountain burns in wildfires

A massive 30-kilometer-long line of fires is threatening Athens, with Mount Pentelikon, known for its marble used in ancient buildings, already engulfed. The historic town of Marathon has been evacuated as flames have severely damaged homes. Residents fear a repeat of past disasters, recalling the trauma from a deadly fire six years ago. Volunteers are rescuing animals, while many elderly villagers refuse to leave, France … Continue reading Greece’s marble mountain burns in wildfires

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World News

US orders warships to accelerate deployment

Israel is preparing for a large-scale military attack from Iran, according to Israeli Defense Minister Yoav Gallant, who informed U.S. Defense Secretary Lloyd Austin. In response, the U.S. is bolstering its military presence in the Middle East, including sending a nuclear-powered guided-missile submarine and expediting the USS Abraham Lincoln aircraft carrier’s arrival in the region. This comes amid ongoing efforts by the U.S. and its … Continue reading US orders warships to accelerate deployment

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World News

Russia Evacuates More Border Areas Amid Ukrainian Advances

Authorities in Russia’s Kursk and Belgorod regions have ordered the evacuation of border areas as Ukrainian forces make advances into Russian territory. Over 76,000 people have been temporarily relocated in the Kursk region since Ukrainian forces crossed the border. Nikolai Volobuyev, head of Kursk’s Belovsky district, urged residents to flee after Ukrainian advances, despite Russia’s Defense Ministry claiming to have repelled the incursion. In the … Continue reading Russia Evacuates More Border Areas Amid Ukrainian Advances

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Space

Rocket Lab launches sharp-eyed private radar satellite to orbit

Rocket Lab successfully launched its 10th mission of the year on August 11, deploying an Earth-observing radar satellite for Capella Space. The Electron rocket lifted off from New Zealand, placing the Acadia-3 satellite into orbit about 57 minutes after launch. Acadia-3 is a synthetic aperture radar (SAR) satellite that provides high-resolution images of Earth in all weather conditions, day or night. This mission, dubbed “A … Continue reading Rocket Lab launches sharp-eyed private radar satellite to orbit

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Space

Space Force to expand missile-defense satellite network in medium Earth orbit

The U.S. Space Force has launched the next phase of its missile defense satellite program, inviting proposals for the design of satellites under the Missile Track Custody Epoch 2 initiative. This marks the second phase of developing a missile-tracking network in medium Earth orbit (MEO). Building on the initial Epoch 1 program, which faced delays and contract issues, the Space Force aims to test new … Continue reading Space Force to expand missile-defense satellite network in medium Earth orbit

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Space

Airplane-Sized Asteroid Racing Toward Earth 

NASA reports that asteroid 2024 OR1, an airplane-sized object with a diameter of about 110 feet, will safely pass by Earth on August 6, 2024, at a speed of 30,381 km/h. Despite being an Apollo asteroid, which typically crosses Earth’s orbit, it poses no threat due to its smaller size and distance of about 3.4 million kilometers from Earth. This event offers a valuable opportunity … Continue reading Airplane-Sized Asteroid Racing Toward Earth 

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Technology

Robot dogs to enter active war, help frontline troops in high-risk missions

Robot dogs, like the “BAD One” model, may soon assist Ukrainian soldiers on the front lines by performing dangerous tasks such as spying on Russian trenches and detecting mines. Demonstrated at an undisclosed location, these agile machines use thermal imaging to scout enemy positions, reducing the risks faced by human reconnaissance soldiers. The robots can operate for about two hours, carry up to 7 kilograms … Continue reading Robot dogs to enter active war, help frontline troops in high-risk missions

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Technology

Starlink Lets Operators Control Ground Robots at Long Distances

Estonia’s Milrem Robotics has integrated a Starlink satellite communications system into its popular THeMIS unmanned ground vehicle, enabling remote control from thousands of kilometers away. The 3,500-pound tracked vehicle, used by 17 militaries, including Ukraine, for logistics and casualty evacuations, now benefits from enhanced control beyond line of sight, thanks to the satellite link. This integration also reduces the vehicle’s radio frequency signature, making it … Continue reading Starlink Lets Operators Control Ground Robots at Long Distances

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Technology

Meet ‘Eve’ the DNA-collecting robot fish

Engineering students at Switzerland’s ETH Zurich are developing cutting-edge robotic fish, like “Eve,” to revolutionize ocean studies. Designed to blend seamlessly into aquatic ecosystems, Eve mimics the movement of real fish, minimizing disruption to marine life. Equipped with a camera, sonar, and a filter for collecting environmental DNA (eDNA), Eve gathers data on underwater species without disturbing them. The students aim to provide scientists with … Continue reading Meet ‘Eve’ the DNA-collecting robot fish

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Business

Stellantis to lay off up to 2,450 factory workers as classic Ram production ends

Stellantis, the parent company of Chrysler, is laying off up to 2,450 workers at its Warren Truck assembly plant near Detroit as it ends production of the Ram 1500 Classic truck. The layoffs, effective from October 8, will reduce the plant’s general assembly operations to one shift, although production of the Jeep Wagoneer will continue with two shifts. The company is shifting focus to the … Continue reading Stellantis to lay off up to 2,450 factory workers as classic Ram production ends

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