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New Data Showed Consumer Sentiment And Retail Sales Declined In July. Stocks Declined.

Consumer sentiment and retail sales declined the past month, dampening the outlook of the U.S. economy.

Consumer Sentiment Declines Sharply In July. Republicans Lead The Drop.
Retail Sales See The Biggest Drop In More Than A Year. The Fading Effect Of Tax Refunds May Have Played A Role.
Bitcoin Slides Below $63,000 As ETF Investors Pull Back And The Crypto Rally Loses Steam

Retail Sales See The Biggest Drop In More Than A Year. The Fading Effect Of Tax Refunds May Have Played A Role.
Retail sales declined 0.6% in July, according to data from the Commerce Department.
Many Young People Think AI Is Taking Their Jobs. But Data Suggests It Is Not Massive Yet.
More than a quarter of young people think AI is costing people jobs, even though the impact of the technology on job loss remains relatively small so far.
Inflation Eased Again In July. But The Middle East Energy Shock Is Putting The Relief At Risk.
The Consumer Price Index rose just 0.1% in July after declining 0.4% in June, and annual inflation eased to 3.4% from 3.5% the previous month. PPI prices were also below expectations.
The Iran War Continues Depleting The U.S.'s Arsenal. It Has Reportedly Lost A Quarter Of Its Reaper Drones.
The U.S. military lost at least 45 such drones during the war. Each one can cost between $30 million and $50 million.
Vice President JD Vance Says The Administration Has A New Primary Goal In The Iran War
Vance said the main goal is "keeping oil and gas cheap for Americans all over our country." The second one is preventing Iran from getting a nuclear weapon.
U.S. To Focus On Applying Economic Pressure On Iran As War Drags On: 'Never Been Seen'
Treasury Secretary Scott Bessent said tactics will focus on economic isolation and the continued blockade of the country's ports in the Strait of Hormuz.

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THE BOTTOM LINE

Jeff Bezos

Jeff Bezos Is Now Dabbling In Sports As Part Of A Group With Minority Ownership In A Premier League Giant

FSG consortium will buy a third of Liverpool Football Club.

The Spotlight

The massive miss on jobs creation fanned fears about the US economy

The Job Market Is Stable But Workers Say It Feels Frozen: Report

Washington Wants To Limit Chinese AI Models. One Of Them Helped Contain OpenAI's Cyber Incident.

Economy in Focus

South Korea's Kospi Is Back In A Bull Market. But Analysts Wonder If The Run Is Sustainable.
Kospi's comeback is being powered by renewed confidence in AI and memory chips. However, investors can expect more volatility.
- Doing Business in South Korea? One Wrong Word Can Bring Down Your Brand
- AI Stock Losses Prompt Crackdown On Leveraged ETFs In South Korea
OpenAI's Revenue Is Soaring, Topping $40 Billion Ahead of Its IPO
The company's annualized revenue run rate has roughly doubled from the more than $20 billion it recorded at the end of 2025.
- AI Is Getting Consistently Better At Hacking. Data Breach Notices Are Climbing.
- OpenAI Employees Can Email Sam Altman When Work Gets Stuck And Cut Through Bureaucracy

Editor's pick

Bitcoin

Bitcoin's Search For A Bottom Continues. Technical Signals Are Starting To Shift

While Bitcoin remains under pressure after months of volatility, several widely followed technical indicators suggest selling momentum may be easing, according to market analysts.

Kyle Robertson

Contributor

Kyle Robertson revolutionized virtual healthcare before he turned 30. With a new venture studio, he wants to improve traditional healthcare for the AI age.

Kyle Robertson revolutionized virtual healthcare before he turned 30. With a new venture studio, he wants to improve traditional healthcare for the AI age.

Contributor
Laura Caicedo: What's Behind Profitability in Design
Caicedo points to Oxford North in the United Kingdom, where she was part of the masterplanning team at Fletcher Priest during the early phase of a roughly 74-acre employment-led district on the northern edge of Oxford.
Contributor
Great at the Craft, Buried in the Paperwork: How Firstep Runs the Business Behind the Business
People go into business because they are good at something specific, cutting hair, baking, landscaping, cleaning, and then discover that being good at the craft was never the whole job.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Global Chaos Hasn't Stopped Shipping. Executives Are Marveling At The Industry's Resilience.
CEOs from two of the world's largest shipping companies are saying that the industry has shown resilience in the face of challenges such as the Iran war.
Trump-Linked Oil Venture Delays Greenland Drilling Over Government Warning
USS Lincoln Sailor Reportedly Tried To Jump Overboard Amid An Extended Deployment. A Senator Is Seeking Answers.

Saudi Arabia Scrambles to Avoid Red Sea Attacks. Oil Flows Through Egypt Soar.
Oil exports from Egypt's Mediterranean port of Sidi Kerir have more than doubled in August, reaching about 2.3 million barrels per day compared with roughly 1 million bpd in July.
Mexican Drug Cartel Sought To Buy Weapons And Pay For Them With Meth, Fentanyl
Anthropic's Claude Gets Invisible Text Watermarks That Proofreading Alone Could Trigger

CBP Workers Reportedly Used Government Databases To Track Exes and Romantic Interests.
The documents were acquired through Freedom of Information Act requests to CBP and the Department of Homeland Security's Office of Inspector General, and cover more than a decade of allegations.
Scientists Are Racing To Build a 'Virtual Cell' As AI Could Help Test Drugs Before They Reach The Lab
North Koreans Infiltrated American Companies; Workers Sent Paychecks Back to Pyongyang: Report