Good morning, everyone. Flip phones, needlepoint, journals: Gen Z is having an “analog” summer. Here’s how to embrace the trend this weekend. Now, on to the news.
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NEED TO KNOW
A woman shops at a wholesale retailer in Alhambra, California. | Frederic J. Brown/Getty Images
Stocks are at record highs and inflation pressures eased a little, offering a slightly brighter picture for struggling consumers. Here’s the latest.
Inflation report: Wholesale prices eased slightly but were hotter than expected, according to the Labor Department, while price growth declined in July, despite high energy prices. The data may together bolster the case for the Fed to hold rates steady. [Yahoo Finance]
The markets: Stocks rose in response, with the S&P 500 jumping to a record closing high. However, there may be more pain at the pump ahead: Oil prices are on track for weekly gains after the U.S. threatened an indefinite naval blockade of Iran. [NBC News/Reuters]
Tariffs: Noticed a surprise payment in your account? Shipping companies have started passing on tariff refunds from the U.S. government to customers after the Supreme Court struck them down. It comes as the White House accused dozens of nations of helping China sidestep U.S. duties. [AP/BBC News]
IN CASE YOU MISSED IT
Luigi Mangione in court. | David Dee Delgado/AP
Luigi Mangione trial
In a major reversal, Luigi Mangione is reportedly expected to plead guilty in the federal case accusing him of stalking and killing UnitedHealthcare CEO Brian Thompson — although he may yet change his mind. Mangione is set to appear in court today. [AP]
Kennedy Center vote
The Kennedy Center’s board of trustees voted to put President Trump’s name on the building and once again temporarily close the bulk of the venue for renovations, testing a federal judge’s order. Here’s what the inscription will say. [USA Today]
USS Abraham Lincoln
Amid reports of food shortages, broken plumbing and mental health crises, Senate Democrats called for answers from the Navy about conditions aboard the USS Abraham Lincoln. The aircraft carrier has now been deployed for more than 250 days. [CBS News]
Mendoza’s first outing
With the NFL preseason now in full swing, No. 1 overall pick Fernando Mendoza made his Raiders debut — and, on his second drive, made a pass that showed why he was the top pick. In even better news for Las Vegas fans, it wasn’t his only nice play. Catch up. [Yahoo Sports]
‘Heated Rivalry 2’ leak
Did Dylan Walsh spill the tea? In a Cameo video, the Heated Rivalry actor shared tidbits about the next installment with a fan — including the possible number of episodes. Walsh later said he was “stepping away because a video went viral that got me in trouble.” [People]
WHAT’S HAPPENING TODAY
Now streaming
In teen flick Don’t Say Good Luck, now on Netflix, the star of a high school musical, played by Sunny Sandler, faces a sudden onslaught of drama at home. Read a review. [Variety]
At the box office
The End of Oak Street combines Anne Hathaway, Ewan McGregor — and dinosaurs. The thriller’s already received positive feedback from critics, who say it’s “clever” and “original.” [People]
Now spinning
Singer-songwriter Phoebe Bridgers dropped her first album in more than six years. Lost Weekend revisits a period of loss and love, including a high-profile split, the death of her father and the start of a new relationship. See all 16 tracks, ranked. [Billboard]
In the NFL
Jets coach Aaron Glenn weighed in on which starters would play in tonight’s preseason opener against the Buccaneers. Kickoff is at 7 p.m. ET on Fubo. [NY Post/The Sporting News]
In the WNBA
After a week of highs and lows for the Fever — and particularly head coach Stephanie White — the Fever host the Wings at 7:30 p.m. ET on WNBA League Pass. [Yahoo Sports]
And don’t forget to…
Read your daily horoscope. Play the crossword (or the mini). Check the forecast in your area.
TODAY IN HISTORY
Illustration: Yahoo News; photo: Bettmann via Getty Images
In 1945, President Harry S. Truman announced Japan’s unconditional surrender, effectively ending World War II. In Japan, the national radio played a four-and-a-half-minute prerecorded surrender speech from then-Emperor Hirohito. It was many listeners’ first time hearing the voice of someone considered a living god. [AP]
FEEL-GOOD MOMENT
Dylan De Haas/2026 International Aerial Photographer of the Year Award
This is your sign to consider a new perspective on the world. The 2026 Aerial Photographer of the Year Awards capture the beauty of our planet from above, including shots of whales, wild horses and skies filled with birds. See 16 standout images. [Popular Science]
💡 P.S. Your daily advice: If you’ve spent time in a gym, you’ve probably been told to brace your core. Here’s why that can sometimes backfire. [CNN]
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