Yes, Biden politicized inflation data. That doesn’t mean he’s wrong

Here’s the deal: At a White House press briefing yesterday, President Biden took a moment to note that inflation, as measured by the consumer price index, had cooled off last month. “Today we received news that our economy had 0% inflation in the month of July… While the price of some things went up last … Read more

Russell’s No. 6 being retired across NBA, a 1st for league

Bill Russell’s No. 6 jersey is being retired across the NBA, a first for the league. The NBA and the National Basketball Players Association announced Thursday that the number worn by the 11-time champion, civil rights activist and person good enough to be enshrined in the Basketball Hall of Fame as both a player and … Read more

Big climate bill: Spending green bucks to spur green energy

By SETH BORENSTEIN, MATTHEW DALY and MICHAEL PHILLIS August 11, 2022 GMT After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is aimed to pass a transformative bill Friday … Read more

Russia turns to recruiting prisoners as it struggles to replenish troops

Russian soldiers walk through the debris of the Metallurgical Combine Azovstal, in Mariupol, Ukraine, on June 13.The Associated Press The prisoners at the penal colony in St. Petersburg were expecting a visit by officials, thinking it would be some sort of inspection. Instead, men in uniform arrived and offered them amnesty – if they agreed … Read more

Wildfires spread, fish die off amid severe drought in Europe

PARIS (AP) — Firefighters from across Europe struggled Thursday to contain a huge wildfire in France that has swept through a large swath of pine forest, while Germans and Poles faced a mass fish die-off in a river flowing between their countries. Europe is suffering under a severe heat wave and drought that has produced … Read more

Inflation is peaking, and that is ‘nirvana’ for stocks, Jim Cramer says

CNBC’s Jim Cramer on Wednesday said that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market … totally saw peak inflation coming. I think you had to be deliberately obtuse to miss this because commodity prices have been collapsing a while ago, but now it’s … Read more

These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

Trump’s shadow looms over last ditch effort to revive Iran nuclear deal

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. London/Abu Dhabi CNN  —  After yet another round of talks on reviving the Iran nuclear deal last week, the country’s negotiators are now consulting with the leadership … Read more

Pound jumps 1.3pc as US inflation slows

Good morning. Households need at least an extra £500 to survive soaring energy bills this winter as predictions for the price cap just keep going up. That’s according to Octopus Energy boss Greg Jackson, who said current plans for £400 help “clearly isn’t sufficient” and urged the Government to go further. He said direct help … Read more

Google pushes Apple to adopt RCS text messaging

Android mascots are lined up in the demonstration area at the Google I/O Developers Conference at the Moscone Center in San Francisco. Beck Diefenbach | Reuters Google, the developer of the Android, is increasing the pressure on Apple to adopt RCS, a next-generation standard for text messaging. It argues that Apple’s support of RCS would … Read more