Inflation eased in July from a year earlier, with prices inching up slightly from the previous month after falling sharply in June, the Labor Department said Wednesday.
Why it matters: It is the first inflation report since fighting with Iran resumed in early July, though the data suggests inflation had yet to pick back up amid the renewed conflict.
Azerbaijan is on the hunt for demining technologies and techniques, and hopes the U.S. can lend a hand, ambassador Khazar Ibrahim told Axios.
Why it matters: The collapse of the USSR and years of conflict between Azerbaijan and Armenia have saturated the region with unexploded ordnance, which can maim or kill and scare off industry.
President Trump's secret plane switch in Turkey is putting Air Force One's security protocols and defensive capabilities in the spotlight.
Why it matters: Air Force One is the call sign for any Air Force aircraft carrying the president, meaning Trump's secret switch didn't change the designation — but it changed the plane protecting him.
Memory chip prices are skyrocketing, thanks to AI demand, and there's no end in sight.
Why it matters: "Chipflation" is pushing up the prices for electronic goods like smartphones and laptops, as well as the costs for cloud storage and hardware — it also helps explain the eye-popping ascents in semiconductor stock prices.
While the overall effect on inflation may not be huge — other kinds of products get more weight in the government's measure of consumer prices — the scale of this boom is unprecedented.
Japan's currency dropped Monday, resuming a selloff momentarily halted by a coordinated intervention with the U.S. late last month.
Why it matters: The decline suggests that the U.S. Treasury Department and Japan's Ministry of Finance have further work to do to put a floor under the exchange rate.
