SUMMARY: U.S. wholesale inflation unexpectedly surged 0.9% in July, the largest monthly rise in over three years, driven by President Trump’s tariffs raising import costs. Wholesale prices rose 3.3% year-over-year, with core producer prices climbing 0.9% from June. Importers are currently absorbing tariff costs, but higher consumer prices seem inevitable. Retailers’ profit margins oddly increased despite tariff pressures, possibly reflecting economic uncertainty linked to trade deals and court challenges to tariffs. Consumer inflation rose 2.7% yearly in July, above the Federal Reserve’s 2% target. This inflation data complicates the Fed’s decision on interest rates, likely delaying expected cuts.

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SUMMARY: A manatee was spotted off Massachusetts’ coast near Cape Cod for the first time in nearly a decade, raising concerns about its survival in cold waters and lack of food. Typically found in warmer southern waters like Florida, the manatee was seen July 26 swimming slowly among seagrass. It was later found stranded but was pushed back into the water. Experts warn cold temperatures and scarce New England seagrass threaten its health. The manatee may have followed the Gulf Stream north, but its presence is unusual. Authorities urge the public to report sightings to aid potential rescue efforts.

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SUMMARY: A gunman opened fire Monday in an Austin, Texas Target parking lot, killing two adults and a child before stealing two cars during his escape. The suspect, a man in his 30s with a mental health history, was apprehended 20 miles away after wrecking the first stolen vehicle and stealing another. Police are still investigating the motive. The shooting occurred amid back-to-school shopping, shocking the community. Target expressed devastation and offered grief counseling. Austin Mayor Kirk Watson condemned the act as cowardly. Nearby businesses locked down as panic spread. This incident follows a recent mass stabbing at a Michigan Walmart.

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