Powell signals Fed ready to start rate cuts at Jackson Hole
Fed Chair Jerome Powell said inflation is largely under control and policy will shift toward sustaining growth and hiring. He did not set a timeline for cuts but the market expects a quarter-point cut at the mid-September meeting, with potential for larger actions if June and July data weaken hiring.
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DNC Sets Serious Themes for Harris Victory Bid
Democrats gathered in Chicago to project a serious campaign tone at the DNC. Vice President Harris accepted the nomination as speakers highlighted working-class roots, reproductive rights, and infrastructure while stressing unity to defeat Trump. Black women voters and suburban women key to swing-state success are emphasized, with Texas abortion restrictions cited as a catalyst.
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Minnesota
Tim Walz
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North Carolina
Kennedy suspends bid and backs Trump in presidential race
Robert F. Kennedy Jr announces to suspend his independent campaign and endorses Donald Trump. He cites free speech and foreign policy as motives, plans to withdraw in Arizona and Pennsylvania, while noting ballots remain in Michigan Nevada Wisconsin. Kennedy says supporters may still back him where he cannot sway outcomes.
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DOJ accuses RealPage of antitrust scheme over rents
The Justice Department and state attorneys general filed an antitrust suit against RealPage Inc alleging an illegal scheme. The suit says its rental price algorithm helps landlords coordinate to raise rents on millions of U S apartments nationwide.
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Biden approves 125 million in new Ukraine military aid
The Defense Department says about 125 million in new military aid goes to Ukraine including air defense missiles, HIMARS munitions, Javelins and anti armor, counter drone and electronic warfare gear, artillery ammo, vehicles and related equipment. The package arrives on the eve of Ukraine Independence Day.
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