Good morning! AT&T faces a data breach exposing customer records, the Federal Reserve considers a rate cut in September, more people are turning to side gigs to alleviate financial strain.

BUSINESS

AT&T Data Breach

AT&T has experienced a significant data breach, compromising the call and text records of millions of customers. The company is working to address the issue and enhance its cybersecurity measures.

Here's the breakdown:

• A major data breach at AT&T has exposed call and text records of millions of customers.

• The breach involved unauthorized access to sensitive customer information.

• AT&T is collaborating with law enforcement to investigate the incident.

• The company has assured customers that financial information was not compromised.

• Steps are being taken to improve cybersecurity protocols to prevent future breaches.

ECONOMY

September Rate Cut?

The Federal Reserve is contemplating a rate cut in September due to concerns about economic stability and a potential recession. This decision is influenced by recent labor market trends and inflation data.

Here's the breakdown:

• The Federal Reserve may cut interest rates in September to bolster economic growth.

• Recent labor market data has raised concerns about potential economic instability.

• Inflation remains a key factor in the Fed's decision-making process.

• The potential rate cut is seen as a preemptive measure against a looming recession.

• Financial markets are closely monitoring the Fed's announcements and policy changes.

BUSINESS

Side Gigs Still Prevail

The trend of taking on side gigs is increasing, offering people extra income and financial stability. This shift is reshaping the employment landscape and highlighting the growing significance of the gig economy.

Here's the breakdown:

• More individuals are pursuing side gigs to supplement their primary income.

• Side gigs help ease financial stress and provide additional revenue streams.

• The flexibility and variety of side gigs make them attractive to a broad range of workers.

• This trend underscores the expanding role of the gig economy in the modern labor market.

• The rise of side gigs reflects changes in employment patterns and economic conditions.

APPENDIX

• Paris Prepares for 2024 Olympics: Paris is gearing up for the 2024 Olympics with extensive preparations and infrastructural enhancements NBC News.

• Fast Food Value Meal Prices Soar: The price of fast food value meals has surged, raising concerns among consumers and impacting purchasing decisions CNN.

• Banks' Consumer Lending Reports Impact Market: Recent consumer lending reports from major banks have influenced market trends and investor sentiments CNN.

• Inflation Data Challenges Biden Administration: New inflation data presents challenges for the Biden administration as they navigate economic policy and public perception CNN.

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