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    Canada's British Columbia declares state of emergency as more than 20,000 flee wildfires

    British Columbia declared a state of emergency on Saturday after thousands of people in the western Canadian province were ordered to flee a fast-moving wildfire that nearly doubled in size overnight. The Bald Range wildfire was burning out of control and grew rapidly to about 9,500 hectares...
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    Saudi Aramco extinguishes fire at refinery as Houthis claim responsibility

    Firefighters extinguished a blaze at a refinery belonging to Saudi Arabian oil giant Aramco early Sunday, the country's government said. Iran-backed Houthi rebels in Yemen reportedly claimed responsibility for attacking the facility. "The competent authorities are completing the necessary...
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    Here are the 2 big things we're watching in the stock market in the week ahead

    Here are the 2 big things we're watching in the stock market in the week ahead
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    How a small Israeli startup was linked to rogue AI hacks at OpenAI, Anthropic and Meta

    Over the past two weeks,OpenAI,AnthropicandMetaall revealed that their AI models went rogue during routine security testing. In explaining what happened, the companies each mentioned the same small Israeli startup: Irregular. Founded three years ago and based in Tel Aviv, Irregular is a niche...
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    Abel puts a big chunk of Berkshire's cash to work

    (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign uphereto receive it every Friday evening in your inbox.) Abel puts a big chunk of Berkshire's cash to work In his second quarter as the new CEO of Berkshire...
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    Democrats plan Trump investigations over impeachment if they win House, sources say

    U.S. House Democrats preparing for a possible return to power are developing a broad investigative strategy targeting companies and financial firms surrounding PresidentDonald Trump, instead of trying to impeach him immediately, according to four people familiar with the discussions. Senior...
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    Iran sets conditions for opening Strait of Hormuz after UAE says one of its ships was targeted by airstrike

    Iran on Saturday laid out sweeping demands to the U.S. for reopening the Strait of Hormuz, according to media reports. The Secretary of Iran's Supreme National Security Council, Mohammad Bagher Zolghadr, said Saturday that reopening the strait would require Washington to lift its naval blockade...
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    'Moneymaxxing' isn't a trend, it's a 'cultural shift,' financial advisor says — here's how to get started

    As consumers look for ways to strengthen theirfinancial footing, a new trend is gaining steam onsocial media— and, for once, it doesn't involve buying anything. "Moneymaxxing," a movement aimed at financial improvement, encourages people to maximize their budgets by trimming recurring expenses...
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    What a divided Fed means for investors

    Wall Street has a clear takeaway from this week'sFederal Reservedecision: A hike is likely on the horizon as inflation remains a top priority. The Fed opted tohold interest rates steadyat the second meeting led by ChairmanKevin Warsh. But between his commentary about inflation and the...
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    U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%

    Economic growth was weaker than expected in the second quarter though underlying drivers were mostly solid. At the same time, inflation in June held well above the Federal Reserve's goal and complicated the central bank's policy path, the Commerce Department reported Thursday. Gross domestic...
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    China's factory activity unexpectedly contracts in July on demand slump, typhoons

    China's factory activity unexpectedly contracted in July for the first time since February, as domestic orders slumped and typhoons disrupted production, while part of the front-loading momentum began to unwind, piling pressure on Beijing to boost domestic demand. The official manufacturing...
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    These Fed alternative indicators are showing inflation is at its lowest in years

    Pricing data from June indicated that outside of some select items where costs continue to grow, inflation is trending back towards the Federal Reserve's inflation goal. So-called trimmed mean measures, which exclude outliers in both price increases and decreases, showed inflation at its lowest...
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