Newsletter Aug 28, 2024

Quick Six

Smith's latest appeal gives Trump case 'new legal heartbeat'
Special counsel Jack Smith's latest appeal gave the classified documents case against Donald Trump "a new legal heartbeat," a former US attorney said. Smith filed an appeal in response to Judge Aileen Cannon's dismissal of the case, in which Trump faced charges related to his removal of classified documents from the White House at the end of his term to Mar-a-Lago. Kirschner predicted Smith will be successful in his filing with the 11th U.S. Circuit Court of Appeals in Atlanta, citing years-long precedent.
SMITH IS TRYING TO WORK AROUND CANNON'S RULING

Consumer confidence rises in August despite labor market
Consumer confidence rose in August, a report released Tuesday said. The Conference Board Consumer Confidence Index rose to 103.3 from an upwardly revised 101.9 in July. Consumers who were surveyed were more positive about business conditions than in July but also are more concerned about the labor market. The number of consumers who said business conditions were "good" rose while the number who said it was "bad" decreased.
WHY THE YOUNG ARE MOST WORRIED ABOUT ECONOMY

US home prices reach record highs for fourth straight month
American home prices hit a new high in June, marking the fourth consecutive month of record-setting increases, according to data released Tuesday. The latest S&P Corelogic Case-Shiller Index showed a 5.4% annual increase that represents a "decelerating trend" from May, when the gain was 5.9%. Prices rose 7.4% in the index's 10-City Composite of major metro areas, led by a 9% surge in New York City, San Diego (8.7%) and Las Vegas (8.5%).
SEE HOW OTHER MAJOR CITIES FARED IN HOME PRICES

You Might Like

Markets

DJIA	41,250.50	0.02%
S&P 500	5,625.80	0.16%
Nasdaq Composite	17,754.82	0.16%
Japan: Nikkei 225	38,288.62	0.47%
UK: FTSE 100	8,345.46	0.21%
Crude Oil Futures	75.79	0.34%
Gold Futures	2,562.50	0.38%
Yen	143.79	-0.11%
Euro	1.12	-0.01%
* As of market close

Israel rescues hostage held since Oct. 7

Israel's military said Tuesday that it rescued a hostage being held by Hamas in Gaza since the Oct. 7 surprise attacks that sparked the latest Mideast war. Qaid Farhan Alkadi, 52, was freed from a tunnel in what the Israel Defense Forces called a "complex operation" involving members of the military and the country's security agency, known as Shin Bet. It was unclear if shots were fired or if anyone was killed or wounded. Alkadi was taken to Soroka Medical Center near Gaza.

HOW ISRAEL MANAGED TO REMOVE HOSTAGE FROM GAZA

NFL cashes in on private equity investment

National Football League owners on Tuesday voted to allow private equity investment in a landmark move that could see billions of dollars in new funding pumped into the sport. The owners of the NFL's 32 teams gave the green light to a plan that would allow a group of hand-picked private equity firms to purchase up to a 10% stake in a team. Tuesday's vote represents a change in the way NFL teams are funded. Historically, franchises have been owned by wealthy individuals.

SEE WHICH TEAMS ARE SET TO CASH IN, AND FOR HOW MUCH?

Oasis reunion tour has English fans abuzz

British rock band Oasis announced a comeback reunion tour, set to take place for 14 shows in 2025, assuming brothers Noel and Liam Gallagher can avoid their history of fights and breakups. The tour is set to begin July 4 at Cardiff Principality Stadium in Wales and go across the UK and Ireland. In a post on X, the brothers said: "This is it, this is happening." Fans, who can buy tickets this weekend, remain skeptical.

WHAT OASIS FANS ARE SAYING ABOUT 2025 REUNION TOUR

Extra point

Name the first brother duo inducted to the Rock 'N' Roll Hall of Fame.

Tuesday's answer: The United States set a record high for oil consumption in 2005 at an average of 20.8 million barrels daily. US oil production peaked in 2023 with an average of 12.9 million barrels daily.

IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe.