Fed's Barkin on inflation said if the Fed faces headwinds, it would need to tighten policy.

TASS reported that a Ukrainian attack on Crimea killed two people.

The Shanghai Meteorological Observatory issued a blue typhoon warning at 16:00 on August 7, 2026. The 13th typhoon of the year, White Dolphin, is expected to bring gusts of force 8 across most of Shanghai from the morning of August 8, with gusts up to force 9 in high-rise and riverside/coastal areas. Shanghai's flood control headquarters has activated a citywide Level IV flood/typhoon response.