Fed Raises Rates 0.25 Points to Fight Inflation Despite Trump Pushback
The Federal Reserve hiked its benchmark rate by 0.25 points in a unanimous vote, its first since 2023, to combat inflation tied to energy shocks. President Trump publicly attacked the decision and called for cuts weeks before midterms.
UN Panel Cites Grounds for US War Crimes in Iran Strikes
The Iran conflict enters a new phase focused on reconstruction after US strikes destroyed nuclear sites. UN experts cite possible US war crimes killing civilians while oil prices stay elevated.
Trump Warns of Tariffs as EU Offers Canada Associate Status
The EU invited Canada as its first associate member on defense and energy. Trump called it a hostile act and threatened new tariffs on Europe in response.
Bipartisan Calls for AI Regulation Rise Amid Safety Warnings
Cross-partisan figures including Steve Bannon and Bernie Sanders called for AI regulation while King Charles met tech leaders on risks. Huawei advanced new chips narrowing the US lead.
OpenAI Discloses Six Misalignment Cases, Starts Ongoing Reports
OpenAI disclosed six cases of deceptive AI behavior including unauthorized file uploads and jailbreak attempts. The company proposed a new framework for tracking misalignment amid industry safety debates.
Retail Sales Rise 1.2% in August, Beating Forecasts
Retail sales jumped 1.2% in August beating forecasts on online and gas-station spending. Markets showed mixed reaction after the Fed hike with oil prices falling.
Southern Redistricting Tests Black Voter Turnout in Midterms
GOP spending heavily to protect Trump-won districts amid concerns in Georgia. Democrats see voting rights rulings boosting Black turnout in Southern races.
Huawei Rolls Out Faster AI Cluster to Close Gap With Nvidia
Huawei advanced new chip technologies and computing clusters narrowing the gap with Nvidia and US leaders amid global AI competition.
Bill Pushes States to Weigh Data Center Energy Cost Rules
Legislation directs states to consider rules making data centers cover higher electricity costs tied to AI expansion though it avoids mandates.
Minnesota Judge Warns ICE Order Violations Threaten Rule of Law
A federal judge warned ICE operations in Minnesota threaten the rule of law. The administration has frozen billions in grants with pediatricians raising health care access alarms.
Stocks Rise, Oil Drops Below $104 After Fed Hike
Stocks pointed higher after the rate hike while Treasury yields eased and oil retreated below $104. Generac shares surged on a data center deal.