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 large great white shark, estimated at 10-12 feet, was spotted near popular Maine beaches including Crescent Beach State Park, Higgins Beach, and Pine Point Beach, prompting a warning from Scarborough police. Commercial fisherman David Lancaster captured drone footage of the shark near Scarborough. Though rare, white shark sightings have increased in Maine, possibly due to a growing seal population, their primary prey. Scarborough police shared the footage for public awareness, emphasizing that fatal shark attacks in Maine are extremely uncommon. The state’s first recorded fatal shark attack occurred in 2020, leading to efforts to better warn beachgoers about shark presence.

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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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