BUSINESS & MARKETS
in partnership with The Motley Fool
- 💰 US markets rose across the board (S&P: +0.3%; Dow: +0.5%; Nasdaq: +0.4%); the Dow notched its 20th record-high close of the year. | 🏦 Fed Chair Jerome Powell said yesterday the central bank won't wait until inflation hits 2% to cut rates; markets are currently pricing in a 92% probability that the Fed cuts rates by 25 basis points in September.
- 🏚️ Eviction filings in a half-dozen cities and surrounding metropolitan areas over the past year are up 35% or more compared with pre-2020 norms, per a new report; affected cities include Las Vegas, Houston, and Phoenix.
- 🏬 Macy's ended long-running buyout talks with investment firms Arkhouse and Brigade; Macy’s shares closed down 12%.
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SPORTS, MEDIA & ENTERTAINMENT
- ⚾ MLB Home Run Derby: Dodgers outfielder Teoscar Hernández defeated Royals shortstop Bobby Witt Jr. in a final round that came down to the wire.
- 🐭💻 Disney is investigating a hack of its internal Slack channels; a “hacktivist” group claims to have leaked 1 terabyte of data.
- 🏀 The USA Basketball men’s team beat Australia 98-92 yesterday in a tuneup game for the upcoming Paris Olympics; Team USA led by as much as 24 in the third quarter.
SCIENCE, SPACE & EMERGING TECH
in partnership with Paleovalley
- 🧒📲 Children between the ages of 2.5-5.5 who consume excessive amounts of digital media – aka "iPad kids" – are more likely to have emotional and social issues later in life, a new study suggests.
- ☄️ The annual Perseid meteor shower kicked off on Sunday; it’ll last through late next month, with a peak on the night of August 12th.
- 🧈 Savor, a Bill Gates-backed startup, has created a “butter” product made from CO2 pulled from the atmosphere.
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MISCELLANEOUS
- 🥵 An estimated 258 million Americans will see temperatures exceed 90°F over the next week; ~47 million Americans are projected to see highs above 100°F.
- 🗳️ Robert F. Kennedy Jr., the leading third-party presidential candidate in 2024, will receive Secret Service protection following the attempted assassination of former President Trump. (Read more)
- 📝 A federal judge dismissed former President Trump's federal classified documents case yesterday, citing the "unlawful appointment and funding of special counsel Jack Smith"; the ruling will be appealed by the DOJ. (From the Left | From the Center | From the Right)
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