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California woman fed up with stolen mail sends Apple AirTag to herself to catch thief

A Southern California woman fed up with her packages getting stolen out of her post office box sent an Apple AirTag to the address and cleverly tracked down the suspected thief, police said. The woman had had several items stolen from her mailbox at the Los Alamos Post Office already when she thought of the idea, the Santa Barbara County Sheriff’s Office said Tuesday. On Monday morning, sheriff's deputies were called to the post office where the woman told officials her mail had been stolen again — including the package with the AirTag.

French destroyer rescues 29 mariners from oil tanker stricken in Red Sea attacks by Yemen rebels

A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea by Yemen's Houthi rebels, officials said Thursday, while also destroying a bomb-carrying drone boat in the area. The assault on the Sounion, the most serious in the Red Sea in weeks, comes during a monthslong campaign by the Houthis targeting ships over the Israel-Hamas war in the Gaza Strip that has disrupted a trade route through which $1 trillion in cargo typically passes each year. The Sounion is now at anchor in the Red Sea and no longer drifting, the European Union's Operation Aspides said.

Mexico’s Weak Economic Growth and Inflation Slowdown Set Up New Interest Rate Cut

(Bloomberg) -- Mexico’s annual inflation slowed much more than expected while economic growth remained feeble, according to separate reports published Thursday, paving the way for another interest-rate cut next month.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoOfficial data showed con

Fed has 'clear path' to achieving goals without recession, Collins says

Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring inflation down without triggering a recession, and signaled her support for starting interest rate cuts next month. "I think there's a clear path to achieving our goals without an unneeded downturn, and with a labor market that continues to be healthy," Collins said in an interview with Reuters in Jackson Hole, Wyoming, where global central bankers are gathering for the Kansas City Fed's annual economic symposium. "The importance of preserving the healthy labor market as we continue to bring inflation down is one of the reasons why the timing seems appropriate to me to begin easing."

Fed's Harker is ready to start methodical course of rate cuts

NEW YORK (Reuters) -Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday he was on board with a September rate cut as long as the data performs as he expects it to, and cautioned that it's better to focus on the prospect of a steady course of easing rather than on the size of a given policy action. When it comes to an imminent move down in the cost of short-term borrowing, “for me, barring any surprise in the data we'll get between now and then, I think we need to start this process” of lowering rates, Harker said in an interview with Reuters as he attends the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. Harker said the size of any given move was less important than how the overall scope of cuts plays out, noting “I think a slow, methodical approach down is the right way to go.”

Fed Officials Argue for Gradual Pace of Cuts Starting Soon

(Bloomberg) -- Two Federal Reserve officials said they believe it’s appropriate for the US central bank to begin lowering interest rates soon, and that the pace of subsequent cutting should be “gradual” and “methodical.”Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoBoston Fed President