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The Fed's preferred inflation measure, the personal-consumption expenditures price index, moved no closer to its 2% target in July. (WSJ)
Mortgage rates have edged down, with the average 30-year fixed rate at a 10-month low of 6.56%. (WSJ)
Consumer sentiment declined slightly in August, according to a closely watched index from the University of Michigan. (WSJ)
The Black unemployment rate has risen to 7.2%, the highest level since October 2021, as overall U.S. unemployment rate remains historically low at 4.2%. (WSJ)
China’s manufacturing purchasing managers index rose to 50.5 in August from 49.5 in July, signaling expansion. (WSJ)
Eurozone inflation shows little sign of accelerating, keeping alive the possibility of an ECB rate cut at the next meeting. (WSJ)
The eurozone’s unemployment rate decreased to a record low of 6.2% in July, despite weak economic growth. (WSJ)
South Korea’s export growth slowed to 1.3% in August, missing economists’ projections. (WSJ)
The Bank of Mexico raised its estimates for economic growth this year and next. (WSJ)
India’s economy unexpectedly accelerated in the April-June quarter. (WSJ)
The final days of the $7,500 federal EV tax credit, which expires Sept. 30, have set off a frenzied last-ditch car-buying spree. (WSJ)
The Commerce Department said it would change a licensing system used by Samsung Electronics and SK Hynix to get U.S. equipment for their chip plants in China. (WSJ)
DuPont will sell its Kevlar and Nomex business to Arclin, a TJC-backed firm, for $1.8 billion. (WSJ)
Shrimp sold at Kroger and Walmart has been recalled for potential contamination with the radioactive isotope cesium-137. (WSJ)
Chinese auto giant BYD reported a rise in first-half net profit amid concerns about whether it can meet its full-year sales target. (WSJ)
The U.K. secured a $13.5 billion deal to construct at least five Type 26 frigates for Norway’s navy. (WSJ)
Dubai’s DP World is negotiating to operate a new Montreal container terminal. (Bloomberg)
Wayfair now allows suppliers to fulfill orders for all their customers, not just Wayfair, in an expansion of its CastleGate logistics service. (Supply Chain Dive)
Air-cargo capacity from Vietnam to the U.S. rose 95% in August from a year earlier, data from Rotate show. (Journal of Commerce)
An unsuccessful Houthi missile attack on a chemical tanker off the Saudi coast Sunday marked the Yemeni group’s northernmost strike yet. (Lloyd’s List)
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