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   The data breach epidemic
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   Plus: Americans feeling worse about the economy again.
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              Monday, August 17, 2026
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               Dado Ruvic / Reuters
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               Data breaches are happening at record pace. AI is behind a lot of them
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               More than 1,800 data compromises took place in the first half of 2026, putting the year on pace to surpass 2025's record 3,321 incidents, according to The Identity Theft Resource Center. Companies issued 
471.2 million victim notices in the first six months compared to 297.5 million in all of 2025.
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               A single breach involving Instructure Holdings' Canvas education platform accounted for around 275 million of those notices. Supply chain attacks generated another 280.6 million notices from just 38 initial breach events.
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               The surge comes as AI makes attacks easier to execute. One in four 
malicious breaches between March 2025 and February 2026 were AI-enabled, a 56% increase over the prior year, according to an IBM study based on 602 organizations globally. AI-enabled breaches, driven by deepfake impersonation and AI-enabled malware, cost companies an average of $6 million. "We continue to see this ever-increasing number of data breaches," ITRC President James Lee told CNBC. "That does not appear to be slowing down."
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               The ITRC recommends that 
consumers freeze their credit files and switch to passkeys to reduce exposure. For businesses, the organization advises adopting a zero-trust architecture and implementing least-privilege access controls.
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                     </a>
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="padding:10px 
20px;font-family:Arial,Helvetica,sans-serif;color:#121721;line-height:1.6;width:560px;background-color:#F9F8F6;font-size:24px;vertical-align:top;mso-line-height-rule:exactly" width="560">
                     <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold;color:#121721">
                      <span style="color:#121721">
                       Help your kid build smart money habits early
                       <span class="ql-cursor">
                        
                       </span>
                      </span>
                     </h2>
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="line-height:1.6;width:560px;background-color:#F9F8F6;padding:20px;color:#121721;font-size:16px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;mso-line-height-rule:exactly" width="560">
                     <p>
                      If you have a kid between 6 and 12, you can start teaching them smart money habits right now with Cash App. Kids between 6 and 12 can now have a Cash balance, order a Cash App Card, and start saving, but they don’t get access to the app.* There are no subscription fees, and you control it all through your app and
account.
                     </p>
                     <p>
                      Manage money together
                     </p>
                     <ul class="marker-bold">
                      <li>
                       <strong>
                        A Cash App Card designed by them:
                       </strong>
                       They get their own debit card to design, made by them, with you alongside. They can spend their allowance or money from chores, but you can set spending limits.
                      </li>
                      <li>
                       <strong>
                        3.25% interest on savings:
                       </strong>
                       Kids can earn 3.25% interest and start building strong saving habits early.**
                      </li>
                      <li>
                       <strong>
                        Safe money transfers:
                       </strong>
                       You can choose up to 5 people who can send them money. They can't send money or buy stocks or
bitcoin.
                      </li>
                      <li>
                       <strong>
                        Parent-controlled account:
                       </strong>
                       They can't log in on their own, and they don't need a phone. You control their account and see their activity.
                      </li>
                     </ul>
                    </td>
                   </tr>
                   <tr class="trpad10" style="background-color:#F9F8F6">
                    <td class="td100" colspan="6" style="width:580px;background-color:#F9F8F6;vertical-align:middle;text-align:center;color:#00D5FF;padding:10px;font-family:Arial,Helvetica,sans-serif;font-size:16px" width="580">
                     <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto" width="80%">
                      <tbody>
                       <tr>
                        <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px">
                         <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                          <tbody>
                           <tr>
                            <td height="50" style="vertical-align:middle;text-align:center;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px" valign="middle">
                             <!--[if !mso]><!-->
                             <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: 1px solid #000000; display: block; 
" target="_blank">
                              <!--<![endif]-->
                             </a>
                             <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="50" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                              <tbody>
                               <tr>
                                <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px" valign="middle">
                                 <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                                  <tbody>
                                   <tr>
                                    <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px">
                                     <!--[if !mso]><!-->
                                     <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: 
Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">
                                      Create Your Cash App Account Today
                                     </span>
                                     <!--<![endif]-->
                                     <!--[if mso]><a href="https://www.ne16.com/t/11086253/222404108/8219490/1/1009235/?f5d63f87=REIlMjAwOC0xNw&x=286b687e" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">Create 
Your Cash App Account Today</a><![endif]-->
                                    </td>
                                   </tr>
                                  </tbody>
                                 </table>
                                </td>
                               </tr>
                              </tbody>
                             </table>
                             <!--[if !mso]><!-->
                             <!--<![endif]-->
                            </td>
                           </tr>
                          </tbody>
                         </table>
                        </td>
                       </tr>
                      </tbody>
                     </table>
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="background-color:#F9F8F6;padding:5px 20px;font-size:8px;width:560px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="560">
                     <div>
                      Cash App is a financial services platform, not a bank. Banking services provided by Cash 
App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Savings provided by Cash App, a Block Inc. brand. *Parents and legal guardians can open a managed account for kids 6-12. To view the eligibility requirements for sponsoring a teen or child, please visit the Sponsored Accounts
section of the Cash App Terms of Service. **Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. To earn interest on your Cash App savings balance, you need to have sponsor approval. Exceptions may apply. Savings yield rate is subject to change.
                     </div>
                    </td>
                   </tr>
                   <tr style="background-color:#F9F8F6">
                    <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                     <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                    </td>
                   </tr>
                  </tbody>
                 </table>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img 
src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               Today's Poll
              </span>
             </h1>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:600px;vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <div class="editor-email-poll" data-pollid="bf63aeb4-2681-40cd-8885-42b0cbcf3925">
              <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold;color:#121721">
               Is the pace of data breaches alarming to you?
              </h2>
              <div>
               <br/>
              </div>
              <div class="editor-poll-answers classic">
               <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto 8px 
auto" width="100%">
                <tbody>
                 <tr>
                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
                     <tr>
                      <td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; 
text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
                       <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">
                                Yes. It feels like no one's data is safe anymore
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a 
href="https://www.ne16.com/t/11086253/222404108/10359353/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0xNw&x=1d991f26" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">Yes. It feels like no one's data is safe 
anymore</a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
                      </td>
                     </tr>
                    </tbody>
                   </table>
                  </td>
                 </tr>
                </tbody>
               </table>
               <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto 8px auto" width="100%">
                <tbody>
                 <tr>
                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
                     <tr>
                      <td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
                       <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">
                                No. Breaches have been rising for years
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a href="https://www.ne16.com/t/11086253/222404108/10359354/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0xNw&x=f8e2d5c4" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">No. Breaches have been rising for years</a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
                      </td>
                     </tr>
                    </tbody>
                   </table>
                  </td>
                 </tr>
                </tbody>
               </table>
               <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto" width="100%">
                <tbody>
                 <tr>
                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
                     <tr>
                      <td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
                       <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">
                                I'm past alarm and into resignation at this point
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a href="https://www.ne16.com/t/11086253/222404108/10359355/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0xNw&x=f8b78703" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; 
display: block; ">I'm past alarm and into resignation at this point</a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
                      </td>
                     </tr>
                    </tbody>
                   </table>
                  </td>
                 </tr>
                </tbody>
               </table>
              </div>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               Here's what you need to know
              </span>
             </h1>
            </td>
           </tr>
           <tr>
            <td class="snippet td100" colspan="6" style="width:600px;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
              <tbody>
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                <td align="center" class="editor-cell-image td100" colspan="2" style="background-color:#F9F8F6;width:200px;vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" valign="middle" width="200">
                 <a aria-label="" style="color:#121721" target="_blank" title="">
                  <img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252Ftrump_liberation_day_tariffs.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODY5NjEzMjkuNTkyODExfQ:1wvuGv:XieG3c2ksdWue9S6bWJD_I5KzYea3vVh76RzWu9Qx0I" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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                <td class="editor-cell-text td100" colspan="4" style="background-color:#F9F8F6;padding:10px;font-size:16px;font-family:Arial,Helvetica,sans-serif;width:380px;line-height:1.4;vertical-align:top;color:#121721;mso-line-height-rule:exactly" width="380">
                 <div>
                  <strong style="color:#016FF0">
                   <a data-linktext="White House says 40 countries are helping China evade tariffs." data-linktype="Normal" style="color:#17253D" target="_blank">
                    White House says 40 countries are helping China evade tariffs.
                   </a>
                  </strong>
                  Trade adviser Peter Navarro estimated the U.S. loses $19 billion to $26 billion a year from transshipment, where 
near-finished Chinese goods are routed through intermediary nations to enter the country under lower duty rates.
                 </div>
                </td>
               </tr>
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                 <div>
                  <strong style="color:#016FF0">
                   <a data-linktext="U.S. retail sales fell 0.6% in July after a modest June rebound." data-linktype="Normal" style="color:#17253D" target="_blank">
                    U.S. retail sales fell 0.6% in July after a modest June rebound.
                   </a>
                  </strong>
                  Motor vehicles led the pullback with a 1.8% 
monthly drop, and online shopping slipped 2.2%. Clothing stores were a bright spot, rising 1.9%. Overall spending was still 5% above year-ago levels despite the monthly decline.
                 </div>
                </td>
               </tr>
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                 <div>
                  <strong style="color:#016FF0;font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:22.4px">
                   <a data-linktext="Musk's Tesla pay was 2.5 million times a median worker's in 2025." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Musk's Tesla pay was 2.5 million times a median worker's in 2025.
                   </a>
                  </strong>
                  <span style="font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:22.4px">
                   His $158 billion package 
exceeded the company's full-year revenue of $94 billion, according to the AFL-CIO. Excluding Musk, average S&amp;P 500 CEO compensation still hit a record $22.8 million, up 21%.
                  </span>
                 </div>
                </td>
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                  <img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2197366909.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODY5NjEzMjkuNTkzMTY1NH0:1wvuGv:EGgyDkKqVxCzYOzb7FpnbcWuqO2TVr1VeKkmjJU_Yas" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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                 <div>
                  <strong style="color:#016FF0">
                   <a data-linktext="OpenAI's annualized revenue is now above $40 billion." data-linktype="Normal" style="color:#17253D" target="_blank">
                    OpenAI's annualized revenue is now above $40 billion.
                   </a>
                  </strong>
                  The reported figure would mark a doubling of the run rate the company recorded at the end of 2025, driven by demand for its coding tools and 
subscription growth. OpenAI lost $38.5 billion in 2025 and is now preparing to go public.
                 </div>
                </td>
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                <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
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                 <a aria-label="" style="color:#121721" target="_blank" title="">
                  <img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2257911741.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODY5NjEzMjkuNTkzMjc2M30:1wvuGv:qk0iZPd5aSHNgI6oLvOGrkRz7UcgdcXFHONkIihx_Vo" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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                <td class="editor-cell-text td100" colspan="4" style="background-color:#F9F8F6;padding:10px;font-size:16px;font-family:Arial,Helvetica,sans-serif;width:380px;line-height:1.4;color:#121721;vertical-align:top;mso-line-height-rule:exactly" width="380">
                 <div>
                  <strong style="color:#016FF0;font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:22.4px">
                   <a data-linktext="Apple is building its own AI model for China with Alibaba." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Apple is building its own AI model for China with 
Alibaba.
                   </a>
                  </strong>
                  <span style="font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:22.4px">
                   The reported effort would make it the first foreign company Beijing has cleared to deploy a proprietary AI system in the country. Analysts had flagged the absence of AI features on Chinese iPhones as a growing drag on device sales.
                  </span>
                 </div>
                </td>
               </tr>
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               U.S. consumer sentiment fell about 8% in August, snapping two consecutive months of improvement as worries about inflation linked to the Middle East conflict weighed on 
households.
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               The University of Michigan's Index of Consumer Sentiment came in at 51 for August, down from 55.2 in July. Economists surveyed by Reuters had forecast a reading of 54.5. A Bloomberg survey of economists had projected 55.
              </span>
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               The decline was broad-based. While views of personal finances saw only minor changes, expected business conditions sank 11% for the short run and 17% for the
long run. The Index of Consumer Expectations fell to 50.6 from 55.4, and the Current Economic Conditions Index dropped to 51.8 from 54.8.
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               Joanne Hsu, director of the University of Michigan Surveys of Consumers, said sentiment fell across the political spectrum, with Republicans recording the steepest month-to-month drop. "Sentiment among Republicans is now 19% below readings just prior to the Iran conflict and the lowest since the 2024 election," Hsu said. Notably 
large declines were also recorded among older consumers, lower-income consumers, and those without a college degree. Hsu described those groups as particularly vulnerable to any erosion of purchasing power from inflation.
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