Trump clashed with Federal Reserve members over his push to rapidly slash interest rates despite inflation concerns.
Saudi Arabia, Turkey, and Pakistan signed a trilateral defense pact in Mecca aimed at deterring aggression and reshaping regional security architecture.
Trump said an attack on Venezuela was accomplished in less than one day, bringing Nicolas Maduro to justice.
World
Netanyahu said Israel had not agreed to Trump's US-backed plan after Trump claimed his Board of Peace reached a historic agreement with Hamas to give up weapons.
Europe is in another brutal heat wave, with summer's record-breaking weather already damaging crops, sparking wildfires and leading to increased deaths.
Italy experiences its fourth heatwave of the summer with the health ministry issuing red alerts for a record 25 cities.
Business
Berkshire Hathaway spent $4.5 billion buying back its own shares and purchased nearly $20 billion of equities in the second quarter under CEO Greg Abel.
Berkshire's Q2 operating earnings rose 16% to $12.98 billion, with Alphabet becoming the company's number one holding, displacing Apple for the first time in years.
Berkshire agreed to acquire homebuilder Taylor Morrison Home for $6.8 billion in cash, with total enterprise value including assumed debt of approximately $8.5 billion.
Technology
Tesla and SpaceX are building Terafab, a $16.8 billion semiconductor factory in Texas to manufacture AI chips.
ByteDance is pre-training a 10 trillion-parameter AI model to compete with Western frontier models.
AMD is acquiring Taalas, a Toronto AI chip startup, to develop specialized inference technology and challenge Nvidia.
Science
Scientists created the first quantum material that can sort and transport different quantum states of light at room temperature, potentially eliminating ultra-cold refrigeration systems.
Blocking the glycine transporter SLC6A20 restored brain signaling and improved social, communication, and repetitive behaviors in autism-related mouse models.
Heat can move through a crystal in focused, wave-like rays at room temperature instead of spreading randomly, a breakthrough that could route heat around sensitive parts of next-generation chips.
Economy
U.S. employers cut jobs by 23,000 in July, well below economist expectations of at least 80,000 new positions.
Annual wage growth fell to 3.2%, its smallest increase since May 2021, trailing U.S. inflation at 3.5%.
Markets are pricing in a 77% probability that the Federal Reserve will raise interest rates in September, as Chair Warsh emphasizes price stability.
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