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Americans boosted spending in July, but will the summer surge last? And Ukraine breaks

their Russia's main defensive line.

The main aim of the Ukrainian counteroffensive, the ultimate aim, is to try to slice the

Russian occupation forces in Ukraine in two, so that you would end up with two separate

occupation forces, which would allow Ukraine then to try to encircle and chop down those

forces bit by bit.

Plus, an exclusive look at how Elon Musk decided to take over Twitter. It's Thursday, August

31st. I'm Amary for Tolly for the Wall Street Journal. This is the PM edition of What's

News, the top headlines and business stories that moved the world today.

Americans upped their spending significantly last month. The Commerce Department said

consumer spending rose 0.8% in July, as Americans spent more on groceries, recreational goods,

and services like dining out. Still, modest price pressures remain, likely leaving the

Federal Reserve on track to hold interest rates steady next month. Here now with more is

economics reporter Harriet Torrey.

Harriet, is this just a summer surge?

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