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Fed Chair Kevin Warsh told Jackson Hole the Fed has work to do on inflation, and that summer's readings had not meaningfully improved the picture. Prices rose 3.4% in the year to July, well above the central bank's 2% target, and he declined to rule out hikes.

Traders repriced within hours, and the odds of a September hike jumped to nearly 60% from 35% on Thursday. Volatility fell rather than spiked, with the VIX touching 14.1, its lowest reading of the entire year.

Two air traffic controllers left work an hour early on the night an Air Canada jet struck a fire truck crossing a LaGuardia runway. Both pilots died in the March 22 collision, and the two controllers now face possible firing, a government official told the Associated Press.

Their departure left two people in the tower, handling an unusual flurry of flights plus an emergency on another aircraft. NTSB investigators have not issued findings, and the official who described the staffing spoke on condition of anonymity.

Clashes have broken out between residents and new arrivals in Ceuta, Spain's exclave in North Africa, a month after the largest crossing yet. At least 72,000 people swam around the border fence from Morocco on 30 and 31 July, and at least 100 drowned.

Locals say they no longer feel safe and complain that schools, clinics and housing cannot absorb the numbers. Opposition parties accuse Spain's government of mishandling the crisis, and a month of official reassurance has not calmed the streets.

Thieves ransacked the Museum of Villena and made off with pieces from the Treasure of Villena, one of Europe's most significant Bronze Age gold hoards. Art crime specialists see echoes of last year's Louvre break-in, part of a wave of fast, violent museum robberies rolling across the continent.

Hackers who stole Berlin city data this month issued a ransom demand Thursday, and Mayor Kai Wegner says the city will not pay. Der Spiegel reports the demand is 30 bitcoin, about €2m.

More than a dozen apartment buildings and storage depots were struck Friday in a second straight day of Russian drone attacks. Thursday's raids locked Kyiv down for 15 hours and choked economic activity across the capital, the Foreign Ministry said.

The administration asked the Supreme Court to uphold its ban on transgender service members, the latest step in a broader rollback of transgender protections. Lower courts have split on whether the policy can take effect while litigation grinds on.

Walmart reached a settlement with the Justice Department over a 2020 complaint accusing the retailer of repeatedly violating the Controlled Substances Act since 2013 in filling opioid prescriptions. Terms weren't disclosed, but the deal closes one of the largest federal opioid actions against a major pharmacy chain.

The Interior Department is weighing a land swap that would hand a portion of Yosemite to a private developer in exchange for easier access to the park's core. Democrats and former Park Service officials call the proposal unprecedented for a crown-jewel national park.

PayPal shares fell about 16% after Bloomberg reported Advent and Stripe abandoned what would have been one of the largest leveraged buyouts ever. Workday climbed 6% on an earnings beat, Salesforce added 3%, and bitcoin slid roughly 3% to about $77,600.

Apple hiked US subscription prices for Apple TV and Apple One, following July's $1 bump to Apple Music that the company blamed on licensing costs. Services remain Apple's fastest-growing segment, and every extra dollar flows almost straight to margin.

Marvell shares dropped 6% despite 37% revenue growth after its fiscal 2028 forecast came in below what investors had priced in. It's a warning shot for AI-adjacent chipmakers heading into next week's Nvidia-heavy earnings gauntlet.

A small trial of a single-time gene-editing treatment sharply reduced LDL cholesterol, with results holding a full year after the infusion. If the durability survives larger studies, it could rewrite how chronic heart disease is managed.

Researchers found that vesper bats carry a second antibody gene system unseen in any other mammal, a discovery that may explain how they harbor deadly viruses without falling ill. The finding opens a new front in the hunt for antiviral therapies inspired by bat biology.

DeepMind researchers say their AI-powered weather model delivers accurate hurricane forecasts a day or more sooner than conventional physics-based systems. A few extra hours of lead time can mean the difference between a clean evacuation and a disaster.

An NCAA committee approved shifting college football's Week 1 slate into the Week Zero window starting in 2027, pulling opening kickoff even earlier into August. The move hands networks another prime broadcast weekend and stretches an already sprawling season.

MLB suspended a Cleveland Guardians prospect after discovering the Dominican player had falsified his age and identity to appear years younger than he actually is. The case revives long-running concerns about age fraud in Latin American amateur scouting pipelines.

Rising heavyweight Moses Itauma faces Filip Hrgovic in London for the vacant IBF title, the biggest test yet for a fighter many see as the future of the division. A clean win pushes Itauma into the Usyk–Dubois orbit at the top of the sport.

Willem Dafoe, Jonathan Bailey, and Peter Dinklage have joined the voice cast of Starburns Industries' animated adaptation of "Lincoln in the Bardo," alongside Tom Hanks. The project turns George Saunders' Booker Prize–winning novel into feature animation.

Harry Styles will park himself at Madison Square Garden for 30 nights as part of his 50-show "Together, Together" tour behind his fourth album. It's one of the longest single-venue pop residencies MSG has ever hosted.

Tom Hardy, recording as Frankie Pulitzer, released a collaborative rap album with underground group Czarface that features bars about Willem Dafoe's Green Goblin, an X-rated Kathy Bates verse, and recited Shakespeare. It's exactly as strange as it sounds. Possibly better.

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—The Five Minute Daily Team