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The Latest Breaking News from Axios

Top 20% Drive America's Economy While 80% Grapple Inflation — Here's Why This Spells Trouble

America's consumer engine is leaning harder than ever on the rich, with new Moody's data showing the top 20% of earners now account for more than half of all spending while outlays by middle- and lower-income households flatline.

Benzinga

Deal Dispatch: Performance Food Group And Claire's Lead A Week Of Big Auctions, Retail Woes

For the previous edition of Deal Dispatch, click here.

Benzinga

Israeli military plans to occupy Gaza City in major escalation of war

Prime Minister Benjamin Netanyahu suggested earlier that Israel’s military will ‘take control of all Gaza’.

Al Jazeera

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Stephen Miller’s wife has left Elon Musk’s side after just months on the job to launch a new podcast

Miller plans to host a wide variety of guests on her podcast, hoping to appeal to conservative women such as herself

The Independent UK

JD Vance to meet with top Trump officials to plot Epstein strategy – report

Gathering reportedly to include Pam Bondi, Kash Patel and Susan Wiles to discuss strategy for dealing with scandal

The Guardian - US

Trumpifying Gaza Aid

Plus: Columbia forced to release racial data, school choice battles, and more...

Reason

Indiana Governor Reaffirms Support for Trump's Deportation Plans While Raising Concerns Over Enforcement Trends

On July 24, governor Braun told Axios that he supports removing individuals who commit crimes after entering the country illegally but questioned broader enforcement

Latin Times

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The Federal Reserve's power: Congress giveth and Congress can taketh away

"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."

Fortune

Trump-Era Immigration Crackdown is Forcing Families to Leave Their Pets Behind

"Pets are like the collateral damage of the current political climate," Jennifer Naitaki, vice president of programs and strategic initiatives at the Michelson Found Animals Foundation, told the Los Angeles Times.

Latin Times

HPE gets approval for $14B acquisition of Juniper, to defend AI networking edge against China's Huawei — White House stepped in after agencies flagged national security concerns

U.S. intelligence reportedly pushed the DOJ to approve HPE’s $14B Juniper acquisition, viewing it as a strategic move against Huawei. Despite internal DOJ tension, the merger seeks to strengthen US networking capabilities amid rising tech competition with China.

Tom’s Hardware

DNC Launches Epstein-Focused Ads to Target Republicans in Vulnerable Midterm Races

As controversy over Epstein case continues among MAGA base, the DNC is seeking to target vulnerable Republican lawmakers in new batch of ads

Latin Times

'You'd Have to Be Very Skilled to Have A Job': AI Godfather Geoffrey Hinton Predicts Healthcare Will Survive AI Disruption

"You'd have to be very skilled to have a job," said AI godfather Geoffrey Hinton, warning that automation could erase much of today's intellectual labor. As generative AI floods workplaces, Hinton's comments highlight growing uncertainty about the future of work.

Benzinga

Democratic Sen. Warns If GOP Goes 'Nuclear' With Texas Redistricting, She Will 'Go Nuclear In Other Places'

Democratic Senator Elisa Slotkin warned that if Republicans move forward with redistricting in Texas she will seek for her party to "go nuclear" elsewhere

Latin Times

MAGA House Reps Go Behind Trump's Back to Subpoena Epstein Accomplice: 'He Has My Number'

House Republicans are moving forward with a subpoena of Ghislaine Maxwell in a surprise break from Trump's efforts to move on from the decades-long scandal.

Latin Times

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news in one place.

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Latin Times

Bipartisan Group Of Lawmakers Slams Musk Over Failure To Address Grok's Antisemitic Responses: 'Reckless, Unacceptable'

A bipartisan group of lawmakers sent a letter to Elon Musk, condemning him over xAI's failure to take "reasonable measures" against its chatbot's antisemitic responses

Latin Times

GOP Rep. Pushes to Subpoena Ghislaine Maxwell 'Before She's Allowed to Commit Suicide'

Ghislaine Maxwell will be subpoenaed by the House Oversight Committee as Congress fights to uncover more details about Epstein's sex trafficking operation.

The Guardian - US

Congress to subpoena Maxwell amid political firestorm over Epstein files

Republican introduces motion to compel Maxwell, a close associate of Epstein who is serving 20 years for sex-trafficking crimes, to testify

Fortune

Jerome Powell should resign, top economist Mohamed El-Erian says, citing a scandal Trump hasn't even mentioned

Remember the insider trading scandal at the Fed? El-Erian does, along with what he considers a series of missteps on inflation.

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news in one place.

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Reason

Epstein Avoidance

Plus: Etan Patz case conviction overturned, Catholic bikers visit Alligator Alcatraz, and more...

TechRadar

Google should be worried – ChatGPT users now send 2.5 billion prompts a day, here’s how that compares

People are using ChatGPT more than ever, with 2.5 billion daily prompts hitting the AI chatbot.

The Independent UK

ChatGPT receives over 2 billion prompts each day, report reveals

In comparison, estimates suggest Google receives about 8 to 13 billion daily searches

Latin Times

U.S. Officials Slam Netanyahu Govt. Over Attacks On Syria: 'Need To Get Their Head Out Of Their As--s'

U.S. officials are slamming Israeli counterparts after recent attacks on Syria and a Catholic church in Gaza, with one calling Prime Minister Netanyahu a "madman"

GOBankingRates

10 States Where Homeowners Are Most Likely To Benefit From Trump’s SALT Tax Break

President Donald Trump's newly passed "One Big Beautiful Bill" includes a major win for homeowners in high-tax states: a sharp increase in the State and Local Tax (SALT) deduction cap. The cap will...

The Guardian - US

To defeat Trump, the left must learn from him

Six months into his second term, the president has been disastrous for democracy – but extraordinarily politically adept

Bored Panda

Astronomer CEO Andy Byron Resigns After Coldplay Kiss Cam Scandal With HR Boss

“Nothing to investigate really is there, let's be honest.”

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