US Consumer Spending Surges in July as Inflation in Services Heats Up, But Rate Cuts Still Expected

US Consumer Spending Surges in July as Inflation in Services Heats Up, But Rate Cuts Still Expected

U.S. consumer spending saw its biggest jump in four months during July, while inflation pressures in the services sector picked up. Despite the signs of strong domestic demand, economists remain convinced that the Federal Reserve will cut interest rates next month amid weakening job growth. The Commerce Department’s Friday report highlighted mild inflation effects from…

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Brendan Taylor’s Comeback, Sri Lanka’s Big Guns, and Zimbabwe’s Struggles What to Watch in the ODI Series

Brendan Taylor’s Comeback, Sri Lanka’s Big Guns, and Zimbabwe’s Struggles: What to Watch in the ODI Series

Sri Lanka and Zimbabwe are set to clash in a three-match ODI series in Harare, and there’s plenty to keep an eye on. From a high-profile comeback to two teams with very different goals, here are the main storylines. Brendan Taylor returns to ODIs After serving a three-and-a-half year ban for corruption-related offenses, Brendan Taylor…

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Canadian Fashion Retailer Ssense Files for Bankruptcy After U.S. Tariff Hike Hits Hard

Canadian Fashion Retailer Ssense Files for Bankruptcy After U.S. Tariff Hike Hits Hard

Canadian fashion retailer Ssense has filed for bankruptcy protection, blaming soaring tariffs tied to the escalating global trade war. The Montreal-based company submitted its application on Thursday, August 28, under Canada’s Companies’ Creditors Arrangement Act (CCAA), which is similar to Chapter 11 bankruptcy in the United States. The CCAA allows businesses owing more than $5…

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