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Disaster on Wall Street: Tuesday was a very, very bad day for Wall Street, with all three major indexes posting their biggest one-day losses since June 2020. Investors fled after the release of the CPI data, which came in at a higher-than-expected 8.3% inflation rate. The Dow Jones Industrial Average fell about 1,276 points, or 3.9%, the S&P 500 lost 4.3% and the Nasdaq Composite lost 5.2%.
The Queen’s death and the UK economy: Queen Elizabeth’s death could wreak havoc on the UK economy. The 10 days of national mourning across the country plus the holiday announced for Queen Elizabeth’s state funeral on September 19 could weigh on economic growth and push Britain into recession earlier than expected, financial analysts said, according to the BBC. decline. Britain’s gross domestic product fell in June due to an extra bank holiday for the Queen’s Jubilee, with the Bank of England predicting the country will slip into recession by the end of the year.
Gannett sells four Massachusetts newspapers: The financially troubled Gannett newspaper chain has arranged to sell four Massachusetts newspapers that were scheduled to close. The papers are The Holden Landmark, The Leominster Champion, The Millbury-Sutton Chronicle and The Grafton News, which will be acquired by CherryRoad Media, which has about 70 newspapers in a dozen states. Terms of sale were not disclosed.
Ken Starr dies at 76: Ken Starr, the lawyer who investigated President Bill Clinton’s relationship with White House intern Monica Lewinsky that led to the president’s impeachment, died yesterday due to complications from surgery. Died at the age of 76. Starr first gained national attention when President Ronald Reagan appointed him to the U.S. Court of Appeals for the District of Columbia Circuit in 1983, but the Clinton investigation made him a public figure. Starr’s later career was plagued by controversy — he was part of the legal team that represented Jeffrey Epstein in a controversial plea deal in 2008, and later in the handling of Baylor. He was forced to resign as president of Baylor University following allegations of sexual assault at the university. soccer player. Starr is President Donald Trump’s attorney during the 2020 Senate impeachment trial.
Killer Kangaroo: An Australian man has died after being attacked by a kangaroo he kept as a pet. On Monday, a relative called an ambulance to report that the 77-year-old man, who was living in a rural area at the time, was seriously injured, the ABC reported. When paramedics arrived, the kangaroo prevented them from treating the man – police were forced to shoot the kangaroo in order to find the man who died at the scene. This is the first fatal kangaroo attack in Australia since 1936.
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