US inflation picked up pace in August, with the Consumer Price Index rising 0.4% month-over-month and 2.9% year-over-year.
Labor market shows strain as initial jobless claims jumped to 263K, significantly higher than the previous week's 237K reading.
Key developments:
- Monthly inflation rate of 0.4% signals persistent price pressures
- Annual inflation at 2.9% remains below Fed's comfort zone but trending upward
- Jobless claims surge of 26K indicates growing employment challenges
This data comes amid broader economic concerns, with unemployment rates now exceeding available job openings and recent payroll growth disappointing at just 22K versus 75K expected.
The combination of rising inflation and weakening employment presents a complex challenge for Federal Reserve policy decisions ahead.
馃毃 NEWS FLASH: United States Initial Jobless Claims rose to 237K versus an expected 230K, indicating a slight increase in $USD labor market pressures.
馃毃 NEWS FLASH: The United States Core PCE Price Index for July met expectations with a 2.9% YoY increase and a 0.3% MoM rise, indicating steady inflation in $USD.
馃毃 NEWS FLASH: The United States ISM Manufacturing PMI for August came in at 48.7, slightly below the expected 49.0, while ISM Manufacturing Prices dropped to 63.7, missing the forecasted 65.1, indicating continued pressure on the $USD manufacturing sector.
馃毃 NEWS FLASH: The United States ISM Non-Manufacturing PMI for August rose to 52.0 versus an expected 50.9, while ISM Non-Manufacturing Prices slightly decreased to 69.2 from 69.9, impacting $USD sentiment.
馃毃 NEWS FLASH: Germany recorded over three million unemployed, marking the highest level in ten years and signaling concerns for the country's economic recovery.
馃毃 NEWS FLASH: The United States JOLTS Job Openings for July fell to 7.181M, below the expected 7.380M and previous 7.357M, impacting $USD sentiment.
馃毃 NEWS FLASH: The United States collected a record $31 billion in tariff revenue in August, marking the highest monthly total of 2025.
馃毃 NEWS FLASH: The United States S&P Global Composite and Services PMI for August missed expectations at 54.6 and 54.5 respectively, indicating slower economic activity in the $USD sector.
馃 Assemble AI Partners with UQUID to Bridge AI Insights and Web3 Commerce

**Assemble AI** has partnered with **UQUID** to connect AI-powered crypto insights with real-world Web3 utility. **Key Partnership Elements:** - Assemble AI's NS3 Agent transforms crypto news into interactive learning experiences - Users can stay informed and **earn through engagement** - UQUID offers 178M+ products with seamless on-chain payments - Integration bridges AI intelligence with Web3 usability **What's Coming:** - Shared initiatives across both platforms - Integrated experiences for deeper user engagement - New opportunities to access valuable insights - Enhanced discovery tools for both ecosystems This collaboration follows Assemble AI's previous partnership with AIDA, showing continued expansion of their AI-powered news platform into broader Web3 applications. *Stay tuned for upcoming announcements about specific features and launch dates.*
馃敆 ChainGPT News Integrates with Assemble AI

**ChainGPT News** is now integrated inside **Assemble AI**, creating a new collaboration between the two platforms. **Integration Quest Details:** - Active on Galxe platform with $400 prize pool - Leaderboard currently running - Open entries for participants Users can explore the new feature and engage across both communities as part of the launch celebration. **How to Participate:** - Join the quest on [Galxe](https://app.galxe.com/quest/AssembleProtocol/GCCSit87Af) - Compete for prizes while exploring the integration - Engage with both Assemble AI and ChainGPT communities This integration builds on Assemble AI's recent success, having reached **3rd place** on Galxe Starboard rankings thanks to strong community support. *Secure your spot now to compete for the $400 prize pool.*
USDA Confirms No Legal Path to Extend SNAP Benefits Past November 1 Deadline
The **USDA has officially confirmed** there is no legal mechanism to extend SNAP (food stamp) funding beyond November 1 without Congressional action. **Key Points:** - Food assistance for millions of Americans faces immediate cutoff - State governors have issued warnings to SNAP recipients - Some states are taking independent action to continue food aid during potential federal shutdown - Congressional intervention required to prevent benefit suspension **Impact:** This affects the primary food assistance program serving low-income families across the United States. The timing creates urgency as the November 1 deadline approaches with no clear resolution from Congress. State-level responses vary, with some governors preparing contingency plans to maintain food security for vulnerable populations during any federal funding gap.
Microsoft Acquires 27% OpenAI Stake for $135B Valuation

**Microsoft has acquired a 27% stake in OpenAI**, valuing the AI company at **$135 billion**. Key details: - Microsoft gains **AI model rights through 2032** - Deal represents one of the largest AI investments to date - Strengthens Microsoft's position in the AI race This acquisition builds on Microsoft's previous investments in OpenAI and secures long-term access to cutting-edge AI technology. The partnership positions both companies to compete more effectively against other tech giants in the rapidly evolving AI landscape. The deal highlights the **massive valuations** now being placed on leading AI companies as the technology becomes increasingly central to business operations.
Japan's $2T Payment Giant TIS Launches Multi-Token Platform with Avalanche

**Major Corporate Adoption Alert** Japan's TIS, a massive $2 trillion payment processing company, has officially launched a multi-token platform integrated with Avalanche ($AVAX). **Key Details:** - TIS represents one of Japan's largest payment infrastructure providers - The platform supports multiple tokens, with AVAX as a key integration - This marks significant institutional adoption in Japan's financial sector **Market Context:** This development follows the Avalanche Foundation's previous plans to raise $1 billion for US crypto treasury firms to purchase discounted AVAX tokens. **Why This Matters:** The integration demonstrates growing enterprise-level adoption of blockchain payment solutions in traditional Japanese finance, potentially opening doors for broader crypto acceptance in the region's payment ecosystem.