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By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — The U.S. stock market is flirting with its records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected.

The S&P 500 rose 0.6% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up 434 points, or 1%, as of 10:15 a.m. Eastern time, while the Nasdaq composite was 0.5% higher and also heading toward a record.

Stocks got a lift from hopes that the better-than-expected inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September.

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By LEANNE ITALIE

NEW YORK (AP) — Debra Taylor has had a busy year or so: She’s going through a divorce while in the process of retiring — and she’s moving to Portugal from Southern California with one of her daughters.

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After deciding her next home would be outside the U.S., she narrowed down her choices based on tax burdens (Spain was out with its wealth taxes), climate (no Costa Rica, too hot) and ease of travel within Europe, one of her favorite parts of the world. She then toured Portugal with a relocation company, Expatsi, and found her new home, Aveiro. It’s a striking city on the country’s west coast with lovely canals that earned it the nickname the Venice of Portugal. read more

By MICHELLE CHAPMAN, Associated Press Business Writer

The more than 130-year-old Eastman Kodak Co. is cautioning that there’s “substantial doubt” about its ability to stay in business, saying it may have difficulty meeting upcoming debt obligations.

Shares of the photography company slid more than 13% in early trading Tuesday.

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“Kodak has debt coming due within 12 months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms,” the company wrote in a regulatory filing. “These conditions raise substantial doubt about Kodak’s ability to continue as a going concern.” read more

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.

Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same as the previous month and up from a post-pandemic low of 2.3% in April. Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. Both figures are above the Federal Reserve’s 2% target.

The new numbers suggest that slowing rent increases and cheaper gas are offsetting some impacts of President Donald Trump’s sweeping tariffs. Many businesses are also likely still absorbing much of the cost of the duties. Tuesday’s figures probably reflect some impact from the 10% universal tariff Trump imposed in April, as well as higher duties on countries such as China and Canada.

Brian Bethune, an economist at Boston College, said that overall U.S. tariffs — calculated as the amount of duties paid by U.S. companies divided by overall imports — has reached 10%, the highest in decades, and will likely keep rising for months. read more

By MICHAEL LIEDTKE

YouTube on Wednesday will begin testing a new age-verification system in the U.S. that relies on artificial intelligence to differentiate between adults and minors, based on the kinds of videos that they have been watching.

The tests initially will only affect a sliver of YouTube’s audience in the U.S., but it will likely become more pervasive if the system works as well at guessing viewers’ ages as it does in other parts of the world. The system will only work when viewers are logged into their accounts, and it will make its age assessments regardless of the birth date a user might have entered upon signing up.

If the system flags a logged-in viewer as being under 18, YouTube will impose the normal controls and restrictions that the site already uses as a way to prevent minors from watching videos and engaging in other behavior deemed inappropriate for that age.

The safeguards include reminders to take a break from the screen, privacy warnings and restrictions on video recommendations. YouTube, which has been owned by Google for nearly 20 years, also doesn’t show ads tailored to individual tastes if a viewer is under 18. read more