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Americans feel the sting of high prices every day, so why does the Fed need so many ways to measure inflation?
Some robotaxis approved to operate without steering wheels and losing the brake pedal could be next
Mortgage rates climb to highest level in a year

Americans feel the sting of high prices every day, so why does the Fed need so many ways to measure inflation?
Some robotaxis approved to operate without steering wheels and losing the brake pedal could be next
Mortgage rates climb to highest level in a year

Americans feel the sting of high prices every day, so why does the Fed need so many ways to measure inflation?

From gas to housing to groceries, consumers can’t escape inflation in their everyday lives. So why can’t policymakers agree on what the data is telling them – and if prices are falling fast enough? With tariffs pushing up prices of goods and energy markets swinging on geopolitical news, the Federal Reserve’s policymaking committee concluded its July 2026 meeting with a contentious 9-3 vote to hold interest rates steady. But three dissents signaled unease by pushing for a rate hike – the most in nearly a decade. Fed Chair Kevin Warsh tried to thread the needle, emphasizing that inf

Some robotaxis approved to operate without steering wheels and losing the brake pedal could be next

Mortgage rates climb to highest level in a year

Africa|Business|Political|World

South Africa says African Union backs broad migration debate

The African Union has backed a broader discussion on migration, a South African government official said on Thursday, after Ghana made a proposal to place xenophobic violence in South Africa on the agenda of an upcoming AU meeting.• Ghana has been a prominent critic of anti-immigrant protests and xenophobic attacks in South Africa.• Clayson Monyela, a South African foreign affairs official, said on X that Pretoria had defeated an attempt to "single out & isolate" the country.• "The AU will discuss the migration issue broadly & look at the 'Pull & Push' factors," Monyela wrot

Goldman Sachs asset arm forms an AI investing platform, memo shows

Palestinian authorities ask Supreme Court to halt $656M judgment pending appeal

Business|Economy|Technology|World

China's Xiaomi launches SkyNomad SUV series offering space and reconfigurable interiors

China's Xiaomi launched an SUV series dubbed SkyNomad on Thursday, expanding its EV lineup into the large-family SUV segment, as it seeks to boost sales in the country's ultra-competitive auto market ahead of a planned European launch next year.With the SkyNomad, Xiaomi is hoping to boost vehicle deliveries after first-half EV sales reached only about one third of its annual target, and as consumer demand softens in the world's largest car market amid a sluggish economy.Xiaomi, which also makes smartphones and home appliances, has positioned SkyNomad as an "intelligent, reconfigurable, large-

Yemen's Houthis are attacking Saudi Arabia from Iraq, sources say

Ford CEO tells employees Chinese automakers could enter U.S. market in next decade

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Entertainment|Health|Sports|US

Former Chargers linebacker Billy Ray Smith Jr. dies at 64, family announces

Former San Diego Chargers linebacker and college football hall of famer Billy Ray Smith Jr. has died. He was 64. Smith's family said in a statement Wednesday that Smith died following a bout with CTE-caused dementia. “It is with profound sadness that we share the loss of our beloved Billy Ray Smith Jr., who passed away peacefully surrounded by family,” the statement said. “Billy Ray faced his long journey with dementia caused by CTE with unmatched bravery, dignity, and strength. Billy Ray brought so much joy, light, and laughter to the world as a devoted fath

Economy|MidEast|US|World

The Latest: Trump says he may pull Todd Blanche’s attorney general nomination for now

President Donald Trump said Thursday he may pull Todd Blanche’s nomination for attorney general until Sens. John Cornyn and Thom Tillis leave office. The Republicans have demanded written assurances about the settlement of the president’s lawsuit against the Internal Revenue Service. Cornyn recently lost the GOP primary in Texas, and Tillis is not seeking reelection. The U.S. and Iran each fired barrages of missiles Thursday, as the pattern of back-and-forth strikes took hold again and hope dimmed for any quick resolution. After a brief respite, the risk of a r

US economy’s growth was weaker than expected in the second quarter

Trump invites heroic teen lifeguard to White House after Santa Cruz rescue

Economy|US|World

US-Iran conflict enters new phase as Saudi Arabia helps hit proxies and diplomacy stalls again

The stop-start fighting between the United States and Iran appears to have entered a new phase as Saudi Arabia has publicly joined military escalations against Tehran-backed proxies. At the same time, an already untenable diplomatic effort to end the war has faltered once again as mistrust deepens between the longtime adversaries. Despite several days of relative calm, both sides carried out military strikes in the last 24 hours that once again risk a return to all-out war — and further expansion in the region — while little is clear about what strategy, if any, American or

Interview|Opinion|US|World

Who is Elon Musk calling a ‘traitor’?

Elon Musk recently sat for a wide-ranging interview with The Economist editor-in-chief Zanny Minton Beddoes, who challenged him over his support for Europe’s far right, his anti-Muslim rhetoric and his cuts to humanitarian aid during his stint in the Trump administration.Afterwards, on his own social media network that he routinely uses to amplify his personal views, Musk lashed out against his interviewer. “She is a traitor to the West, plain and simple,” he wrote.By Musk’s assessment, society is full of “traitors.” As he declared over the weekend, “anyone who opposes remigratio

Father of Georgia school shooter sentenced to 15 years in prison in landmark murder case

Epstein accuser’s family blasts former Obama White House lawyer who said her assertions ‘lacked inherent credibility’

World News

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Business|Economy|Finance|World

The Fed’s preferred inflation gauge cooled in June. It might not last

The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing some fuel for a crucial economic engine: the American consumer.The welcome readings, however, are likely temporary.Overall inflation fell in June for the first time in six years. The Personal Consumption Expenditures price index – the gauge used by the Federal Reserve for its target inflation rate – dropped 0.1% from May, bringing the annual rate to 3.7% from 4.1%, Commerce Department data showed.That reprieve helped to buoy household finances. Inflation-adjusted consumer spending r

Arts|Business|Entertainment|World

ABC says FCC seeks to intimidate network over news coverage

Walt Disney-owned ABC said on Thursday that the Federal Communications Commission's threat to revoke the network's broadcast licenses is part of an unprecedented campaign of intimidation over broadcast content the Trump administration dislikes.ABC said that the Trump administration agency's nearly unprecedented decision to order an early license review of the eight Disney-owned ABC stations is a warning from the government to other media companies."The retaliation against ABC is a signal to every media company in the country: accommodate the administration’s view of what news coverage shoul

Police describe a father's horror as he realizes then-wife Lindsay Clancy killed their 3 kids

The Michelin Guide has awarded stars for 100 years. These dishes tell its story

Crime|Education|Health|World

Father who gave gun to Apalachee High School shooter sentenced to serve 15 years in prison

A man who gave his son the gun he used to kill two students and two teachers at Apalachee High School in Georgia was sentenced Thursday to 15 years in prison. Colin Gray’s sentencing comes days after his son, Colt Gray, was sentenced to life in prison without the possibility of parole in the Sept. 4, 2024, shooting at the school 45 miles (70 kilometers) northeast of Atlanta. Colt Gray had pleaded guilty to murder and other charges. A defense attorney for Colin Gray asked the judge for a sentence that would amount to 10 years in prison followed by 10

Europe|Political|World

Poland blames Russia for firing missile into its territory as Moscow unleashes deadly attack on Ukraine

NATO and Poland scrambled military aircraft when a missile apparently fired by Russia landed deep inside Polish territory, as Moscow launched deadly long-range attacks across Ukraine that killed at least nine people.The missile landed and exploded about 90 kilometers (55 miles) into Polish territory early on Thursday, leaving a massive crater in the middle of a field, local authorities said.“We were prepared to shoot down the missile if it had continued its flight,” Poland’s Prime Minister Donald Tusk told an emergency government meeting, according to his office on X. “All indications

A Black teen was fatally shot after reporting a possibly armed person. His death prompts calls for police accountability

'There's nothing left': French wildfire survivors return to burnt homes

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Business|Economy|Food|Health|Science

Taco Bell sales fell after cyclospora outbreak

Business|Economy|Environment|Science|Technology

In record heat, a warming world has come to rely on China to stay cool

Economy|Education|Election|Environment|Political

CNN Poll: A third of Democrats now identify as democratic socialists

Business|Economy|Environment|Finance|Technology

New York City has paused construction at several office-to-apartment conversions since Pfizer tower structural problems

Arts|Business|Political|Technology|Travel

Trump unveils another project as polling shows his DC construction is unpopular

Europe|Political|World

Poland blames Russia for firing missile into its territory as Moscow unleashes deadly attack on Ukraine

Arts|Environment|Political|Science|Technology

The Trump admin wants to test paint patches on an iconic DC building this week. Preservationists are trying to stop it.

Crime|Health|Political

Why Anthony Fauci might not be safe after pleading the Fifth

Business|Crime|Political

New Secret Service emails reveal how case was built against James Comey

Business|Economy|Finance

Warsh-led Fed leaves rates on hold and a bond market scratching its head

By Ann Saphir and Michael S.

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls