The consumer price index (CPI) registered an annual inflation rate of 3.4% after a 0.1% increase for the month of July. “In-line inflation will keep the ‘no need to hike rates’ narrative that took hold after last week’s jobs report intact,” said Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management (more).

Toyota has issued a recall for an estimated 655,000 Camry vehicles over a potential display error that could deactivate turn signals and hazard lights. The recall involves vehicles manufactured between Dec. 2023 and July 2026 spanning production facilities in the U.S., Japan, and Thailand (more).

U.S. credit card debt has reached $1.26 trillion, increasing by approximately $21 billion during Q2 of 2026, per the Federal Reserve Bank of New York. This figure represents an approach toward the all-time high of $1.28 trillion observed during the fourth quarter of 2025 (more).

Kroger has added Nate Faust to its c-suite as EVP and chief e-comm officer, with Faust taking on the role as of September 1. Faust previously served as SVP of the Walmart U.S. e-comm supply chain. “Nate built businesses that redefined what customers expect from e-commerce, built on speed, value and the experience of getting exactly what the customer ordered,” said Kroger CEO Greg Foran (more).

HHS is looking into a new requirement which would require food and beverage companies to notify the department when ingredients are “generally recognized as safe.” “We’re systematically taking a look at ingredients, particularly those that moms, consumers and other countries view as the most problematic,” said acting FDA commissioner Kyle Diamantas (more).