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Hurricane Erin thrashes Caribbean on its way north. Erin, the first hurricane of the 2025 season, knocked out power to nearly 155,000 utility customers as a Category 3 storm with maximum sustained winds of 125 mph. Erin has undergone dramatic fluctuations in intensity: A Category 5 on Saturday, the hurricane weakened on Sunday but is expected to regain strength on Monday and Tuesday when it turns north to pass between the US and Bermuda. The East Coast is expected to experience dangerous rip currents and surf during the week.—NF
Debit-card spending grew more quickly than credit-card spending for first time in four years. People are either remembering their PINs or finally just requesting new ones. The Wall Street Journal, citing data from Visa and Mastercard, reported that credit-card spending has been growing more slowly than debit-card spending since late last year. Several factors in the current economic climate help to account for the change. Some credit card companies are being more exclusive with their offerings, and consumers are not as inclined to spend as they were in the pandemic era.—HVL
Duolingo CEO responds to AI backlash. The language-learning app has faced a wave of criticism since CEO Luis von Ahn issued a memo earlier this year saying the company would become “AI-first.” In a new interview with the NYT, von Ahn acknowledged he “did not give enough context” around the strategy shift, stressing that the intent was not to shrink Duolingo’s human workforce but instead figure out ways for AI to help the company “accomplish a lot more.” The criticism didn’t seem to impact Duolingo’s finances—when it beat earnings earlier this month, its stock shot up 30%.—NF
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