SUMMARY: The House passed three major cryptocurrency bills, advancing President Trump’s push to make the U.S. the “crypto capital of the world.” One bipartisan bill regulates stablecoins and heads to Trump’s desk, while the others—creating a crypto market structure and banning a central bank digital currency—go to the Senate. The stablecoin bill sets consumer protections and issuer requirements. Industry advocates praise the legislation as legitimizing crypto, while critics warn of weak oversight and conflicts of interest tied to Trump’s financial ties to crypto ventures. Democrats raised concerns about private digital currencies by tech giants and the bill’s lack of presidential accountability.

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SUMMARY: In June, U.S. retail sales rose 0.6% after two months of declines, showing resilient consumer spending despite tariff concerns and economic uncertainty. Auto sales led gains, with increases in clothing and personal care, while electronics and appliances declined. Consumers prioritized necessities but maintained modest discretionary spending, such as dining out. Inflation rose to 2.7% yearly, driven by tariffs, complicating Federal Reserve decisions on interest rates. Online sales surged during Amazon’s Prime event, with shoppers focusing on essentials. Retailers prepare for a strong back-to-school season amid ongoing trade policy challenges, adjusting inventories and prices to manage tariff impacts.

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SUMMARY: The Emmy nominations highlight “Severance” leading with 27 nods, and “The Studio” topping comedy with 23. Drama series contenders include “Andor,” “Paradise,” “Severance,” and “The Last of Us.” Comedy nominations feature “Hacks,” “The Bear,” and “Abbott Elementary.” Limited series like “The Penguin” and “Black Mirror” also shine. Notable drama actors nominated include Sterling K. Brown and Pedro Pascal; comedy actors include Seth Rogen and Martin Short. Reality competition shows such as “RuPaul’s Drag Race” and “Survivor” are nominated, with RuPaul Charles up for host. Animated programs and scripted variety series like “Saturday Night Live” are also recognized, alongside outstanding game show hosts like Ken Jennings.

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