August 25, 2023: Donald Trump Booked in Atlanta Jail: Former US President Donald Trump was booked into an Atlanta jail on Friday on criminal contempt of court charges. Trump is accused of failing to comply with a subpoena from the New York attorney general’s office investigating his business practices.
ECB Speakers Suggest More Data May Be Needed Before Hikes: Several European Central Bank (ECB) speakers suggested on Friday that more data may be needed before the central bank raises interest rates. The ECB faces pressure to raise rates to combat inflation, but some policymakers are concerned that doing so too soon could slow economic growth.
Taylor Swift, Beyoncé, and “Barbenheimer” Boost US Economy: The release of new albums by Taylor Swift and Beyoncé, as well as the success of the movie “Barbenheimer,” is boosting the US economy. The three releases are expected to generate billions of dollars in revenue and will also likely create jobs in the music and film industries.