Israel killed at least 62,744 Palestinians since the start of the genocide, and more than 158,259 have been wounded.
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FAMINE DECLARED IN GAZA AS ISRAEL RAMPS UP ITS GENOCIDE WAR
The Integrated Food Security Phase Classification (IPC), which is a panel that provides information about hunger to the UN and other international bodies, reported last week that Gaza City and the surrounding areas were in the throes of famine, caused directly by Israel’s humanitarian blockade, the destruction of hospitals, and the forced displacement of the population.
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SPOTLIGHT: THE UNCERTAIN U.S. HOUSING MARKET
U.S. home sales in July rose 2 percent above June’s, a 0.8-percent increase year on year, the National Association of Realtors (NAR) reported.
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POWELL SIGNALS AN INTEREST RATE CUT IN SEPTEMBER
Speaking on 22 August at the global central bankers’ retreat in Wyoming, Jerome Powell, chair of the U.S. Federal Reserve, indicated the Fed will probably cut its key interest rate next month.
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INVESTORS REDISCOVER THE S&P 500’S OTHER 493 STOCKS
With megatech stocks coming to be seen as overvalued, investors are turning their attention away from the “Magnificent Seven” giants—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—that have fueled U.S. equity markets’ long-running rally.
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TECH STOCKS TUMBLE ON FEARS THAT AI HAS BEEN OVERPLAYED
Tech stocks shed value last week after a Massachusetts Institute of Technology report said that only 5 percent of companies that have adopted artificial intelligence (AI) have made a profitable use of it and that half of corporate AI experiments have failed.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The U.S. Office of Personnel Management expects a total of 300,000 layoffs of federal workers by the end of the year. John Krupp, the director of the agency, said 154,000 workers accepted the voluntary separation incentive payments that were offered earlier this year.
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HIGH LEVELS OF HI-TECH RADIATION INSIDE HOMES MAY BE LINKED TO DEVELOPMENTAL DELAYS
A newly published study raised alarm over developmental risks that wireless radiation inside homes poses to babies as they develop various milestones, like their fine motor skills and problem-solving capabilities, finding that these frequencies have greater impact on children than adults.
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AMERICANS NO LONGER READ FOR PLEASURE, NEW SURVEY FINDS
Long gone are the days when Americans would sit down with a good book to read for the sake of reading and enjoyment, according to a newly released survey.