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US Trade Deficit Hits $88.6B in July as AI Chip Imports Surge
US trade deficit reached $88.6 billion in July 2026, up 24% from June. AI-driven demand for semiconductors and computers pushed imports to record highs while exports fell 2.1%.
OpenAI Launches GPT-6 Astra With Critical Cybersecurity Capabilities on September 3
OpenAI launches GPT-6 Astra, its first model reaching Critical cybersecurity threshold. Phased rollout begins with limited enterprise access and enhanced safety protections after recent security incidents.
German Inflation Hits 2.9% in August; Savers Seek Yields Above Rate
German inflation climbed to 2.9% in August. Savers can now find savings accounts paying 3.6% to 4.1%, beating the inflation rate and protecting purchasing power.
Sony Faces $7.85M Payout as Court Approves Digital Game Settlement
Sony to pay $7.85 million in class-action settlement over PlayStation Store pricing. Court hearing set for October 15, 2026. Eligible US gamers who bought games between April 2019 and December 2023 may receive refunds.
NBA Strips Clippers of 5 Draft Picks, Fines Ballmer $30M Over Kawhi Scheme
NBA penalizes LA Clippers with five first-round draft picks, $30M fine, and one-year suspension of owner Steve Ballmer for salary cap circumvention involving Kawhi Leonard.
Kyle Sandilands Served Subpoena Live on Air in ARN-Henderson Dispute
Kyle Sandilands served subpoena live on his show as ARN seeks documents for Jackie O Henderson’s $82 million lawsuit. He called in sick the next day.
Dell Philanthropies Begin $250 Grants to 25M Children via Trump Accounts
Michael and Susan Dell begin distributing $250 grants to eligible children’s Trump Accounts as part of a $6.25 billion commitment. Deposits started August 31 for lower-income families.
NBA Strips Clippers of Five Draft Picks, Fines $30M Over Kawhi Leonard Scandal
NBA penalizes LA Clippers $30 million and strips five first-round picks for salary cap violations involving Kawhi Leonard. Owner Steve Ballmer suspended one year.
Ed Miliband Vows Israel Policy Reset as Tensions Over West Bank Settlements Escalate
UK Foreign Secretary Ed Miliband promises to reset Israel policy and block British involvement in West Bank settlements. Israel warns it will retaliate if sanctions are imposed.