Wall Street rises and recovers much of the losses from its 3-day losing streak

In August, the Federal Reserve's preferred measure of inflation, the personal consumption expenditures index, increased by 2.7% compared to the previous year. This data, released on Friday, is significant as it provides insight into consumer price trends and helps the Fed gauge economic conditions. Understanding these inflation rates is crucial for policymakers and investors alike, as they influence interest rates and economic strategies.

The latest data shows that the U.S. economy grew more than previously estimated in the second quarter, highlighting its resilience despite ongoing worries about inflation and the job market. This growth is significant as it indicates that consumers are still willing to spend, which is crucial for economic stability. Understanding these trends can help us gauge the overall health of the economy and the potential for future growth.

The rise of no-KYC exchanges is creating a buzz in the crypto world, allowing traders to bypass traditional ID checks and engage in cryptocurrency trading with ease. While supporters celebrate this as a new form of financial freedom, regulators are raising concerns about the potential risks and loopholes that come with such platforms. This trend is significant as it highlights the ongoing tension between innovation in finance and the need for regulatory oversight.

The ongoing budget battle on Capitol Hill presents a significant opportunity for Congressional Democrats, especially in light of President Trump's declining job approval ratings, which have dropped to -18 points. With his failure to deliver on promises to combat inflation, Democrats are poised to leverage this situation to strengthen their position and advocate for their spending priorities. This dynamic not only highlights the challenges facing the Trump administration but also sets the stage for potential shifts in policy and public sentiment.

A new quiz explores the unique jargon that has defined Wall Street for centuries, challenging readers to test their knowledge of the language used by traders and brokerage firms. Understanding this specialized vocabulary is essential for anyone looking to navigate the financial markets effectively, making this quiz not just a fun challenge but also a valuable learning tool.

In the latest episode of 'The Great British Baking Show,' viewers were introduced to flapjacks, a traditional British treat that left comedian James Acaster in tears. This episode not only highlights the charm of British baking but also educates audiences about the unique characteristics of flapjacks, distinguishing them from pancakes. It's a delightful reminder of the show's ability to blend humor with culinary education, making it a must-watch for baking enthusiasts and casual viewers alike.

The Supreme Court has decided to extend the order that blocks the Trump administration's $5 billion foreign aid freeze while a legal challenge is ongoing. This decision is significant as it highlights the ongoing tensions between the executive branch and judicial oversight regarding the allocation of foreign funds, which were appropriated by Congress. The outcome of this case could have lasting implications for how foreign aid is managed in the future.

Donald Trump has publicly called for Microsoft to dismiss a lawyer involved in the investigation into efforts to overturn the 2020 US election. This move highlights Trump's ongoing battle against perceived injustices related to the election and the legal scrutiny surrounding figures like former FBI chief James Comey. The situation raises concerns about political pressure on corporations and the implications for legal accountability in the wake of the election controversies.

James Comey, the former FBI chief, faces a federal indictment based on a statement from his ex-deputy, Andrew McCabe. McCabe claimed that Comey indicated it was 'good' for him to share information with the Wall Street Journal. This development is significant as it raises questions about the legal implications of Comey's actions and the credibility of the testimonies involved. Legal experts suggest that Comey may have a strong defense against the perjury charges, which could impact public perception of his tenure at the FBI.

In a recent commentary, Jim Geraghty from National Review highlights the alarming rise of political violence in America, emphasizing the deepening divisions that seem to have no clear resolution. This situation is concerning as it not only threatens the fabric of American democracy but also raises questions about the future of political discourse in the country.

The Ryder Cup 2025 is off to an exciting start as Europe takes a commanding lead of 5½-2½ over the USA after the first day of fourballs at Bethpage Black. This event is significant not only for the fierce competition between the two teams but also for the passionate fans who gather to witness this historic golf rivalry. With players like DeChambeau aiming to ignite the American team, the stakes are high, and the atmosphere is electric. As the tournament progresses, all eyes will be on how the USA responds to this early setback.