War Returns To Ethiopia As The Horn Edges Closer To Abyss

'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Batters Bonds, Stocks, Gold A four standard deviation beat for non-farm payrolls this morning (good news) is triggering ugly reactions (bad news) across markets with rate-hike odds for September ripping back up near recent highs (despite no signs of inflationary wage growth - in fact it is slowing)... Audrey Childe-Freeman, Bloomberg Intelligence’s chief FX strategist: “The strength in the latest NFP report will validate Sept. Fed rate-rise talks and most likely give the dollar a short-term-yield-driven lift.” “But that’s priced, and...

San Francisco Judge Dismisses xAI Trade Secret Lawsuit Against OpenAI Authored by Kimberley Hayek via The Epoch Times, A federal judge dismissed a trade secret lawsuit filed by Elon Musk’s xAI against OpenAI, ruling that the plaintiff failed to demonstrate the competing artificial intelligence company improperly obtained confidential information. U.S. District Judge Rita Lin issued the order Monday in San Francisco, dismissing the case with prejudice, resulting in xAI being unable to refile an amended version of the complaint based on the same arguments. Lin found that xAI did not make clear that...

Cost Of Living Remains Biggest Challenge Facing Americans The war in Iran marked a significant setback in Americans' year-long battle with high prices. While inflation has come down a long way from its 2021/2022 highs, when it peaked at 9 percent, it remains elevated at 3.4 percent. More importantly though, as Statista's Felix Richter reports, people are still struggling to cope with the lasting effects of the inflation crisis. According to a Statista Consumer Insights survey conducted between January and July 2026, 53 percent of U.S. adults said that the high cost of living was one of the biggest...