Treasury Secretary Scott Bessent unveiled "Operation Economic Outcast," an economic onslaught targeting Iran's financial connections around the globe.
Iran's new security chief Mohsen Rezaei said Iran would retaliate in a "seismic manner" to Trump's latest economic warfare attempt.
Treasury Secretary Bessent suggested that China, Iran's top trading partner, would not be exempt from these secondary sanctions.
World
U.S. tariffs of 50% on Canadian goods including wine, furniture, and hockey sticks took effect Saturday on $20 billion in exports.
A special tribunal in Bangladesh ordered three journalists kept jailed until trial in a case involving the 2024 uprising that ousted former Prime Minister Sheikh Hasina.
Massive wildfires intensified across central and western Indonesia, burning thousands of acres of forests and peatland and creating choking haze across borders.
Business
Nvidia is raising server prices by more than 15 percent on systems using Vera Rubin and Blackwell chips, effective for units shipping in early 2027.
The U.S. federal debt hit a record $40 trillion this week.
Booz Allen Hamilton closed its acquisition of Ultra Electronics Advanced Tactical Systems on August 24.
Technology
Apple's foldable iPhone Ultra received positive early testing feedback for its passport-style form with nearly crease-free 7.8-inch inner screen and 5.5-inch cover display.
XPeng raised more than $900 million for humanoid robots while Nvidia is backing an open-weight AI push and considering another bet on Perplexity.
Amazon is expanding its Prime Air drone-delivery network to nearly 500 U.S. cities and towns by year-end.
Science
NASA's Roman Space Telescope has been cleared for final launch preparations ahead of a targeted August 30 liftoff aboard SpaceX's Falcon Heavy.
Researchers have found a way to create a complete 3D image of a molecule's wavefunction, one of quantum mechanics' most fundamental yet elusive features.
Both too little and too much sleep may be linked to faster aging throughout the body, with the lowest aging levels among people sleeping about 6.4 to 7.8 hours per day.
Economy
Annual inflation fell to 3.4% for the twelve months ending July, down from 3.5% in June, with energy price pressures continuing to ease.
Core inflation, excluding food and energy, eased to 2.5% from 2.6%, while core prices rose 0.2% on a monthly basis.
The Federal Reserve held rates steady at 3.50%-3.75% in July with three regional bank presidents dissenting to push for rate increases, the highest level of hawkish dissent in years.
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