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Markets rallied to new record highs last week after inflation cooled, stoking hopes that the Federal Reserve could start cutting interest rates as soon as September. ​ Markets rallied to new record highs last week after inflation cooled, stoking hopes that the Federal Reserve could start cutting interest rates as soon as September. Read More Breaking News, Latest News and Videos | CNN 

Target has slashed prices on more than 1,500 popular items beginning immediately, ranging from butter to laundry detergent, as the retailer attempts to attract inflation-wary shoppers turned off by high prices. ​ Target has slashed prices on more than 1,500 popular items beginning immediately, ranging from butter to laundry detergent, as the retailer attempts to attract inflation-wary shoppers turned off by high prices. Read More Breaking News, Latest News and Videos | CNN 

South Africa’s apex court has ruled that former president Jacob Zuma is not eligible to run for parliament in next week’s critical general election. ​ South Africa’s apex court has ruled that former president Jacob Zuma is not eligible to run for parliament in next week’s critical general election. Read More Breaking News, Latest News and Videos | CNN 

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Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. ​ Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. Read More Breaking News, Latest News and Videos | CNN 

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Alise Willoughby won her third BMX racing world championship title on Saturday, securing qualification for her fourth Olympics in Paris later this year. ​ Alise Willoughby won her third BMX racing world championship title on Saturday, securing qualification for her fourth Olympics in Paris later this year. Read More Breaking News, Latest News and Videos | CNN 

Saudi Arabia’s King Salman bin Abdulaziz Al-Saud has a lung inflammation and is receiving treatment, Saudi news agency SPA said, prompting the country’s Crown Prince to postpone a scheduled trip to Japan. ​ Saudi Arabia’s King Salman bin Abdulaziz Al-Saud has a lung inflammation and is receiving treatment, Saudi news agency SPA said, prompting the country’s Crown Prince to postpone a scheduled trip to Japan. Read More Breaking News, Latest News and Videos | CNN 

Georgia’s government is trying to push through a Kremlin-style ‘foreign agents’ law. But the country’s Gen Z protesters see their futures in Europe, writes Will Cathcart from Tbilisi. ​ Georgia’s government is trying to push through a Kremlin-style ‘foreign agents’ law. But the country’s Gen Z protesters see their futures in Europe, writes Will Cathcart from Tbilisi. Read More Breaking News, Latest News and Videos | CNN