>>Interest Rate Cut Might be Coming
(Washington, DC) -- Investors are predicting a rate-cut from the Federal Reserve after the latest inflation report. This, after Wednesday's consumer price index showed prices rose two-point-nine-percent in the past 12 months through July. That's below economists' expectations for three-percent. It's also the first time that inflation has fallen below three-percent since 2021. The central bank has so far held off of any rate cuts until it can see proof of better inflation reports coming in.
>>Trump Unveils Plans For U.S. Economy
(Asheville, NC) -- Donald Trump is laying out his plans for the economy if he's elected to the White House in November. During a rally yesterday in Asheville, North Carolina, Trump said he'll sign an executive order directing his cabinet to take action to bring down inflation and consumer prices in the first 100 days of his presidency. He added he'll commit to slashing energy prices in half within 18 months. The former president spent much of his speech focusing on his political rival, Kamala Harris, accusing her of decimating the middle class with "radical liberal policies." Trump's appearance comes as Harris is set to unveil her economic policies in North Carolina on Friday.
>>Mark Cuban Slams Silicon Valley Support Of Trump
(New York, NY) -- TV personality Mark Cuban is trending after he criticized tech industry leaders for supporting Donald Trump. The billionaire appeared on "The Daily Show" with Jon Stewart this week, and accused Silicon Valley of wanting as much control as possible. Cuban said they want Trump to be the CEO of the U.S. and they want to be the board of directors that makes him listen to them. When Stewart asked him why, Cuban said it's because they're so rich that they've "lost ?the connection to the real world."
>>FTC Bans A-I Generated Reviews
(Washington, DC) -- A new rule from the FTC will ban marketers from using fake reviews generated by A-I. The trade commission said Wednesday that the rule that takes effect in October will also forbid marketers from using bots to inflate their number of online followers. All five commissioners voted to adopt the rule. FTC Chair Lina Khan said in a statement that "Fake reviews not only waste people's time and money, but also pollute the marketplace and divert business away from honest competitors."
>>Payments Coming For Hey Dude Shoe Customers
(Washington, DC) -- The Federal Trade Commission is sending payments to more than 30-thousand people who bought a pair of Hey Dude shoes online. It's part of a one-point-nine-million-dollar settlement after the company didn't notify customers about shipping delays and provided no cancelations or refunds. The payments will be sent via PayPal.
