U.S. launched "large and powerful" strikes on Iranian targets near the Strait of Hormuz in retaliation for Iran's failed attempt to add sea mines.
Iran responded with missile and drone launches on American bases and interests in the region, according to Tasnim news agency.
Tropical Storm Edouard expected to make landfall in Texas on Tuesday.
World
The U.S. and Venezuela signed a major energy agreement giving Washington majority control over more than 65 billion barrels of the country's proven oil reserves.
Congo's Ebola outbreak surpassed 6,000 confirmed cases and 2,911 deaths, expanding from three health zones to nearly 60 as most new cases occur outside monitored contacts.
President Trump said the U.S. would hit Iran hard in response to Iranian attacks on bases in Jordan, though he downplayed the threat by calling Iran a failed nation.
Business
FTC and 22 state attorneys general sued Amazon on Monday, alleging the company secretly overcharged advertisers by more than $20 billion using hidden surcharges on its ad platforms dating back to 2019.
Fed official Mark Warsh's Jackson Hole speech signaled the central bank has work to do if inflation doesn't return to target, pushing futures markets to price in a two-thirds chance of a rate increase at the Fed's September meeting.
Tesla's Cybercab autonomous vehicle launches this week, while Broadcom reports earnings and Shein lists on the Hong Kong Stock Exchange.
Technology
Waymo expanded its driverless service to San Diego, Tampa, Florida and Denver, reaching 14 cities total with commercial robotaxi operations.
Amazon's Zoox plans to begin testing in Houston and San Diego this month with human supervisors on board.
SB Energy filed for an IPO, stating it is substantially dependent on OpenAI.
Science
NASA's Roman Space Telescope launched on a million mile journey to L2 to scan the cosmos for clues about dark matter, dark energy, and distant worlds.
NASA brought two of Swift's telescopes back online after technical problems derailed a commercial mission intended to rescue the aging observatory by raising its orbit.
Scientists cracked a chemistry problem by creating nanocrystals from tough metal nitrides that were previously extremely difficult to produce at scale.
Economy
Annual inflation slowed to 3.4% in July from 3.5% in June, as energy price pressures eased from Middle East conflict impacts.
Federal Reserve maintained the federal funds rate at 3.5% to 3.75% at its July meeting, holding steady as policymakers monitor inflation remaining above the 2% target.
Economists expect a 25-basis point rate hike in September as continued economic resilience keeps inflation progressing slowly toward the Fed's price stability goal.
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