In other news, Wall Street experienced a mixed trading day with Big Tech stocks dropping again due to worries of a too-warm economy pushing the Federal Reserve to keep interest rates higher for longer. On the other hand, Maui is urging tourists to visit and spend their money to help recover from the economic disaster caused by recent wildfires. Lastly, Google and YouTube will require political ads using AI to alter imagery or sounds to have a prominent disclosure, starting in November.
Key takeaways:
- Victoria’s Secret has overhauled its annual catwalk, now a part fashion show and part documentary-style film, in a move to be more inclusive and reverse its image built on a man’s vision of sexiness.
- Chinese exports and imports fell in August due to tepid global demand, adding pressure to its slowing economy.
- Wall Street experienced mixed trading with Big Tech stocks dropping again, and concerns that a too-warm economy will push the Federal Reserve to keep interest rates higher for longer.
- Political ads using artificial intelligence on Google and YouTube will soon require a prominent disclosure if imagery or sounds have been synthetically altered, according to an update to Google's political content policy.