Blog

  • Deportees in Equatorial Guinea Hotel Exposed to Suspected Ebola Patients, Lawyers Say

    Deportees in Equatorial Guinea Hotel Exposed to Suspected Ebola Patients, Lawyers Say

    Migrants who were deported from the United States and are now being held at a hotel in Equatorial Guinea say that at least one person suspected of carrying the Ebola virus was brought into the same facility — a claim backed up by lawyers representing the detainees, who spoke out Thursday.

    The hotel, located on a tropical island off the coast of the central African nation and owned by the country’s powerful President Teodoro Obiang Nguema Mbasogo, is currently housing 17 migrants from nations including Angola, Mauritania, and Ethiopia. Their detention stems from an arrangement made under the Trump administration as part of a broader effort to crack down on illegal immigration.

    According to a statement from a coalition of international lawyers, as well as interviews with two of the detainees — who asked not to be identified out of fear of retaliation — a man believed to be infected with Ebola was brought to the hotel last week by medical workers dressed in hazmat suits. He was placed on a floor below where the migrants are being held.

    Two deportees told The Associated Press that a doctor informed them in English that the individual was a suspected Ebola case and warned them to take precautions — but provided no additional details or protective supplies.

    One detainee also reported that a woman was brought to the same quarantine floor on Sunday and was similarly identified by medical staff as a suspected Ebola patient.

    The lawyers’ coalition said in a statement that they received “disturbing reports from multiple detained individuals that a person with a suspected case of Ebola was recently brought under quarantine into the same hotel complex where they are being held.”

    The AP reviewed videos showing medical personnel dressed in full protective gear transporting patients to the hotel, which was previously used as an isolation facility during the Covid-19 pandemic.

    “Things are getting worse every day,” one detainee said. “It’s very confusing, no one is coming to talk to us. No one is informing us of anything. The hygiene is unimaginable.”

    Lawyers and detainees say that beyond those already present in the facility, no masks, disinfectants, or other basic protective items were distributed, and no steps were communicated to reduce the risk of exposure.

    The central African nation of Congo is currently dealing with a rare Ebola strain that has killed more than 600 people since an outbreak was first announced in May. Cases have spread to neighboring Uganda, though no confirmed or even suspected cases have been reported in Equatorial Guinea, which does not share a border with Congo and sits roughly 1,885 miles — or about 1,425 kilometers — away.

    The Trump administration has used a series of often-secret agreements to deport thousands of people it considers to be in the country illegally to nearly two dozen nations that are not their home countries, according to advocates. Immigration lawyers argue these third-country deportations serve as a legal workaround to send asylum seekers back to their countries of origin without directly doing so. Equatorial Guinea is among at least eight African nations that have entered into such agreements with the U.S.

    A $7.5 million deal with Equatorial Guinea led President Obiang to convert a family-owned hotel in Malabo, on Bioko island, into a detention center. Currently, 4 women and 13 men are being held there, according to the lawyers’ coalition. All of them, the lawyers say, had received orders from U.S. judges that should have shielded them from removal to their home countries.

    Earlier this month, rights attorneys filed a case against Equatorial Guinea before Africa’s leading human rights body, accusing the country of forcing U.S. deportees back to their home nations in violation of their legal rights.

    The lawyers’ coalition also reported Thursday that they had received “multiple reports that individuals with serious medical conditions are being denied adequate medical care while detained in government custody.”

    Equatorial Guinea ranks among the wealthiest nations in Africa due to its oil reserves, but U.S. officials say it is also plagued by widespread corruption and human rights abuses. Rights organizations and the U.S. State Department have accused the government of detaining, torturing, and even killing those who speak out against it. Despite this, U.S. businesses are the country’s largest foreign investors, and the U.S. government funds military training there.

  • Deadly Shoe Factory Fire in Eastern China Kills 28 Workers

    Deadly Shoe Factory Fire in Eastern China Kills 28 Workers

    A fire broke out Thursday at a shoe factory in China’s eastern Fujian province, leaving 28 people dead, according to the official Xinhua News Agency.

    Chinese President Xi Jinping issued a call for “an all-out search and rescue effort,” pushing for a rapid investigation and saying authorities should “strictly hold those responsible accountable.”

    The fire ignited at a facility belonging to the Huiteng shoe company in the city of Jinjiang, according to a statement from the city’s fire department. The cause of the blaze remains unknown at this time.

    At the time the fire broke out, 237 factory employees and two visitors were inside the building. Emergency crews were able to evacuate or rescue 213 of those individuals. Of the 28 fatalities, two victims were pronounced dead after being transported to a hospital, state broadcaster CCTV reported.

    Xinhua reported that the factory’s owner and other individuals in leadership positions have been taken into custody, and the company’s financial accounts have been frozen.

    Video footage from CCTV showed the exterior of the multi-story building heavily scorched and blanketed in white smoke. Earlier video captured flames burning across several floors as thick, black smoke engulfed the structure.

    Jinjiang, where the fire occurred, holds a notable distinction — it is widely regarded as China’s shoe manufacturing capital.

  • Multiple Maine Democrats Step Up to Replace Withdrawn Senate Candidate

    Multiple Maine Democrats Step Up to Replace Withdrawn Senate Candidate

    PORTLAND, Maine — The race to fill a critical U.S. Senate seat in Maine shifted into high gear Thursday as Democrats began competing to replace progressive nominee Graham Platner, who announced he will exit the race following a sexual assault allegation that he denies.

    Under Maine state law, the Democratic Party has until July 27 to name a replacement candidate. That person will have fewer than four months to mount a campaign against longtime Republican Sen. Susan Collins in the general election. Even before Platner formally announced his intention to withdraw, potential candidates had been signaling their interest — and by Thursday, several had made it official.

    The Maine Democratic Party plans to hold a nominating convention to select the new candidate, a process that will involve hundreds of delegates from around the state. The specific details of how and when the convention will take place have not yet been announced.

    Maine is viewed as a critical battleground in the fight for control of the closely divided U.S. Senate. With President Donald Trump facing widespread unpopularity, Democrats are eager to find a strong challenger to Collins.

    Here is a look at those who have expressed interest in the race:

    Maine’s former state Senate president, Jackson, ran unsuccessfully for the Democratic gubernatorial nomination earlier this year with the support of Platner and U.S. Sen. Bernie Sanders. Shortly after Platner’s withdrawal announcement, Jackson launched his Senate campaign, saying Mainers are looking for “a progressive fighter.” Our Revolution, the organization founded by Sanders, has announced it will support Jackson, who is 58 years old.

    Shah, who previously served as director of Maine’s Center for Disease Control and Prevention, announced Thursday that he is seeking the Democratic Senate nomination. He finished second in this year’s Democratic governor’s primary and was widely viewed as a more moderate voice in that race compared to Jackson. “To the movement that supported Graham Platner, my message is this: you have a place in this campaign,” Shah, 49, said in a statement.

    Kleban, co-founder of Maine Beer Company, confirmed his candidacy Wednesday following Platner’s announcement. He had briefly entered the Senate race the previous year before stepping aside when Gov. Janet Mills announced her own candidacy. Kleban, 49, had endorsed Mills, who later withdrew from the Democratic primary. “I’m ready to fight for Mainers and bring a new generation of leadership to Washington,” he said.

    Bellows, Maine’s secretary of state, has not formally declared her candidacy but has indicated interest in the seat. She is no stranger to statewide races — the 51-year-old finished fourth in the state’s Democratic governor’s primary in June. Back in 2014, she ran against Collins as the Democratic Senate nominee and lost by a wide margin.

    Wood, 36, initially tried to enter the Maine Democratic Senate primary last year but stepped out to run in the state’s 2nd Congressional District instead, where he came in third behind state Auditor Matt Dunlap. He has since expressed renewed interest in a Senate run and formally announced his candidacy Thursday. “To beat Susan Collins, we need a candidate who can provide a true contrast and run an unapologetically progressive campaign: Passing Medicare for All. Stopping ICE terrorizing our streets,” Wood wrote on social media Tuesday.

    Loud, a 29-year-old social worker, filed paperwork earlier this week to enter the Senate race. She also ran in the 2nd District Democratic primary but was eliminated in the first round of the state’s ranked choice voting process.

    Geiger, a state Democratic lawmaker and former Platner supporter, is also being mentioned as a potential candidate. She has not officially announced a run, but in a Wednesday interview with MS NOW, the 70-year-old said she would bring on Platner’s campaign staff, describing them as “deeply impassioned and confident young people.”

  • McIlroy Shares Scottish Open First-Round Lead with 65

    McIlroy Shares Scottish Open First-Round Lead with 65

    Rory McIlroy walked off the course Thursday feeling good about his 65, despite a couple of short-range putts he would have liked to convert, as he shared the first-round lead at the Scottish Open in North Berwick, Scotland.

    McIlroy sits at 5-under alongside Tom Kim of South Korea, Bernd Wiesberger of Austria, and Patrick Cantlay — one stroke ahead of a group that includes Brooks Koepka, Min Woo Lee of Australia, and Patrick Reed, among others tied for fifth place.

    Several competitors were still making their way around the course, including Scottie Scheffler, who had carded a birdie on the par-3 ninth hole and stood at 2-under through nine holes.

    McIlroy’s round got off to a rocky start, but he steadied himself with back-to-back birdies and a clutch sand save for par at the ninth hole. That recovery helped offset two bogeys — one on his opening hole, the 10th, and another at the 18th. A highlight of the day was a brilliant eagle on the par-5 first hole, which stretches beyond 600 yards this week, with McIlroy crediting his putter for that moment.

  • Trump Eases Stance on Spain After Learning of NATO Spending Surge

    Trump Eases Stance on Spain After Learning of NATO Spending Surge

    MADRID — President Donald Trump softened his tone toward Spain on Thursday, just hours after threatening to stop all trade with the NATO member nation. Spanish officials say the shift came after Trump was briefed on how dramatically Spain has increased its contributions to the alliance in recent years.

    At a NATO summit held in Ankara on Wednesday, Trump labeled Spain a “terrible partner” and called for an immediate halt to all trade with the country, citing disagreements over defense spending and the conflict with Iran.

    As Trump traveled back to the United States following the summit, he spoke with reporters aboard Air Force One and appeared to soften his position. “I did have issues, and I still do. But Spain, they came back all the way today. Spain was very generous today,” he said.

    When asked what Spain had done to earn that praise, Trump responded: “They honoured a request for lots of payments, and if they didn’t, we wouldn’t have even talked to them.”

    A spokesperson for Spanish Prime Minister Pedro Sanchez interpreted Trump’s remarks as a reference to Spain meeting NATO’s previous defense spending benchmark of 2% of gross domestic product.

    During the Ankara summit, Sanchez pointed out that Spain is on track to hit that 2% target this year — a significant milestone given that the country more than doubled its nominal defense spending from 0.98% of GDP in 2017 to nearly €33 billion (approximately $37.7 billion). Sanchez characterized the tension between the two nations as minor and said he had a “very cordial” exchange with Trump at the summit.

    Despite the warmer words, Trump has continued to push back on Spain’s refusal to commit to a new NATO goal requiring member nations to spend 5% of GDP on defense by the year 2035. Spain’s left-leaning government has argued it prefers to address genuine security threats rather than boost spending simply to hit a number, warning that doing so would require cuts to social programs.

    It remained unclear Thursday whether Trump’s softer language would have any practical effect on his earlier order to halt trade with Spain.

    A U.S. official in Washington told Reuters that relevant federal agencies would be presenting Trump with a list — described as a “menu” — of Spanish goods that could potentially be subject to an embargo.

    Legal experts in trade law say Trump could use the International Emergency Economic Powers Act to impose a full or partial ban on Spanish imports. It’s worth noting that during his first term, Trump’s administration placed a 30% anti-dumping tariff on Spanish black olives back in 2018.

    On the diplomatic front, Spanish Defense Minister Margarita Robles was scheduled to sit down Thursday with U.S. Ambassador Benjamin Leon for what was described as a “working meeting,” according to the Spanish government’s official calendar. No further details were provided.

    Sources within the Spanish delegation to Ankara, cited by the newspaper El Mundo, suggested Madrid viewed the dispute as more of a performative conflict than a genuine crisis, noting that Spanish officials had not observed any real economic fallout or drop in U.S. investment in Spain despite Trump’s ongoing criticism.

    Back in Spain, the dispute drew political reactions across party lines. Some members of the main opposition People’s Party (PP) placed blame on Prime Minister Sanchez for the friction, though they also expressed solidarity with their country. One senior PP official pointed to the deep economic ties between Spanish and American companies, arguing that “economic reality takes precedence over the grandiloquent statements (Trump) seeks to make in order to attack Spain.”

    In the PP-governed region of Aragon — where major American technology companies including Amazon and Microsoft have poured billions of dollars into data center construction — local officials said operations were continuing normally.

    Santiago Abascal, leader of the far-right Vox party and a known Trump ally, took a harsher view, calling the tensions with Washington “absolutely dramatic” and accusing Sanchez of “destroying Spain’s credibility on the world stage.”

  • New York Sues 3M, DuPont Over Toxic ‘Forever Chemicals’ in Everyday Products

    New York Sues 3M, DuPont Over Toxic ‘Forever Chemicals’ in Everyday Products

    New York state has taken legal action against chemical giants 3M, DuPont, and several other corporations, alleging they created a public nuisance by knowingly selling toxic substances called “forever chemicals” for use in everyday consumer goods.

    Attorney General Letitia James filed the lawsuit on Thursday, accusing the companies of concealing the environmental and health dangers posed by these chemicals — known as PFAS — from consumers for decades, even as the companies quietly began pulling some of them from use.

    James is asking the court to order the companies to pay for cleanup efforts and to issue proper warnings to consumers about the dangers. She is also pursuing financial damages, restitution, and additional penalties.

    Among the other defendants named in the suit are Chemours, Corteva, and EIDP — all of which were formerly part of DuPont before being spun off as separate companies. The lawsuit was filed in state court in Albany, New York’s capital city.

    “For far too long, our communities have unfairly shouldered the costs of protecting people from these toxic forever chemicals and cleaning up their contamination,” James said in a prepared statement. “I look forward to ensuring the companies responsible for PFAS pollution are held accountable.”

    None of the companies named in the suit responded to requests for comment.

    PFAS — short for per- and polyfluoroalkyl substances — show up in hundreds of everyday products, ranging from cosmetics and non-stick cookware to stain-resistant clothing.

    The chemicals have earned the nickname “forever chemicals” because they resist breaking down in the human body or in the natural environment. Exposure to PFAS has been associated with a range of serious health problems, including elevated cholesterol, low birth weight, weakened immune response to vaccines, and kidney and testicular cancer.

  • Wall Street Braces for More Market Turbulence as Borrowing Demand Stays High

    Wall Street Braces for More Market Turbulence as Borrowing Demand Stays High

    U.S. equity funding markets are still under strain following a sharp rise in short-term borrowing costs last month, as stock prices hover near record levels and intense demand for leveraged technology trades keeps the pressure on.

    The concern is focused on the equity repurchase — or repo — market, where investors borrow short-term cash using their stock holdings as collateral. As the June quarter came to a close, the cost of that borrowing surged dramatically. According to data from Morgan Stanley, financing costs for equity positions climbed to roughly 200 basis points above the federal funds rate on June 26 — the highest level since December 2024.

    Those costs have since dropped by more than half, now sitting around 89 basis points based on a metric with a quarterly maturity. But market insiders say the underlying conditions that pushed rates so high are still very much present — including a boom in leveraged exchange-traded funds that traders have been snapping up to bet on high-demand sectors like semiconductors.

    That sustained appetite for leverage means another round of funding stress could be coming, particularly around future quarter-end periods, when banks typically pull back from lending to clean up their balance sheets for reporting purposes. That pullback makes short-term cash harder to get and more expensive, which can trigger a broader retreat from popular market positions.

    “The risk of a funding spike may be with us for the foreseeable future,” said Martin Tobias, a U.S. rates strategist at Morgan Stanley in New York.

    Multiple indicators suggest investors are leaning on borrowed money more than ever, Tobias said. Under normal circumstances, equity financing rates trade only a few basis points above benchmark rates like the federal funds rate or the Secured Overnight Financing Rate, known as SOFR. Because equity financing is backed by highly liquid collateral — unlike unsecured borrowing — the cost should stay only slightly above the risk-free rate, according to Kevin Muir, an independent proprietary trader based in Toronto.

    Despite that collateral advantage, financing costs have stayed elevated. That coincides with primary dealers carrying near-record levels of equity financing exposure on their books, with borrowing heavily concentrated in a narrow group of stocks — mainly technology and semiconductor companies. Federal Reserve figures show dealers held approximately $211 billion in such exposure as of June 24.

    “What these equity financing metrics are signaling is that the marginal buyer has become one that’s been increasingly reliant on leverage,” Tobias said, referring to the category of market participants — such as leveraged investors — who actually move prices.

    Tobias noted that his measure of dealers’ equity repo exposure relative to the S&P 500’s free float adjusted market capitalization has climbed 50% over the past year, a sign that each dollar of investible equity is increasingly propped up by borrowed money.

    The market’s leadership has also narrowed, with leverage appearing to concentrate in hot technology sectors. That makes the broader market more susceptible to a sharp reversal if investor sentiment turns.

    “The next correction could very well be much larger than people expect because of the crazy amount of speculation that’s occurring,” said Muir, adding that the recent funding spike “signifies the monstrous amount of demand in equity markets.”

    Muir pointed to the rapid expansion of leveraged exchange-traded funds as one key example. These products require banks and dealers to take on additional financing and hedging, leaving the market heavily positioned for just one outcome — rising stock prices. He compared the current climate to a crowded trade where optimism has become deeply embedded, warning that while a correction isn’t necessarily around the corner, any eventual pullback could be significantly more severe as a result.

    Sam Earl, a U.S. rates strategist at Barclays, frames the situation as a basic supply-and-demand problem. Demand for equity financing has surged, but dealer balance sheet capacity has not kept up.

    “When you have a massive run-up in equity prices so quickly, that’s just a ton of balance-sheet capacity that’s being used,” Earl said.

    He estimates the equity financing market is approximately $10 trillion in size. A 10% increase in leveraged equity exposure can generate roughly $1 trillion in additional financing demand. Add in strong gains in overseas markets — particularly in Asia — and available capacity can be consumed quickly.

    Earl said similar pressures are likely to return unless dealer balance sheets expand considerably or stock prices cool enough to ease financing demand. Neither of those outcomes looks likely anytime soon. U.S. stocks remain near record highs, though brief pullbacks tied to geopolitical developments — such as headlines around Iran — remain possible. Enthusiasm for technology and artificial intelligence trades continues to run strong, and demand for leverage shows little sign of letting up.

    “It’s a very dangerous environment if this all unwinds. The potential for an accident is increasing,” Muir warned.

  • Muchova Saves Match Point to Stun Gauff, Reaches First Wimbledon Final

    Muchova Saves Match Point to Stun Gauff, Reaches First Wimbledon Final

    Czech tennis player Karolina Muchova punched her ticket to the Wimbledon final for the first time in her career Wednesday, defeating American Coco Gauff in a breathtaking three-set semifinal that lasted two hours and 35 minutes. The final score — 6-2, 1-6, 7-6 (12-10) — barely captures just how dramatic the match turned out to be.

    What made the victory even more remarkable is that Muchova, the tournament’s 10th seed, reportedly has a grass allergy and needs what she described as “a lot of pills, sprays, eyedrops” just to compete on the surface.

    Muchova dominated the opening set, breaking Gauff’s serve in the third and fifth games. A 111 mph ace closed out the set in style. But Gauff — who had already survived four consecutive three-set matches just to reach the semifinals — was not about to go quietly.

    The American seventh seed came roaring back in the second set. After failing to convert her first eight break point chances, Gauff finally broke through on her ninth attempt to grab a 3-1 lead. She broke again to go up 5-1, sending her mother into a frenzy in the player’s box. Gauff rolled through the set 6-1 to force a deciding third.

    The final set was a showcase of elite tennis from both players, with powerful forehands and stunning backhands traded back and forth. Gauff had two opportunities to break for a 5-4 lead, but Muchova escaped both times and never looked back.

    In the nerve-wracking match tiebreak, Muchova delivered when it mattered most — including a jaw-dropping diving volley winner and a perfectly placed lob that earned her the first match point. That chance slipped away, but she calmly converted the second when Gauff drove a forehand into the net.

    Muchova’s win sets up the possibility of a historic all-Czech women’s final at a Grand Slam. Her compatriot Linda Noskova was set to face Ukraine’s Marta Kostyuk in Thursday’s second semifinal. If Noskova advances, it would be the first time two Czech players have met in a Grand Slam final. A Czech champion would also be the third in four years, following Marketa Vondrousova’s 2023 title and Barbora Krejcikova’s 2024 victory.

  • Maryland Water Rescues, Boat Explosions Mark Dangerous Fourth of July Weekend

    Maryland Water Rescues, Boat Explosions Mark Dangerous Fourth of July Weekend

    A dangerous Fourth of July weekend on Maryland waterways kept Natural Resources Police (NRP) officers busy with multiple emergencies, including two boat explosions, several capsizings, and hundreds of enforcement stops between July 3 and July 5.

    The holiday period is statistically the busiest and most hazardous time of year for boating. Despite the serious incidents, no boating fatalities were recorded in Maryland during the three-day stretch.

    Severe storms on the evening of July 4 — bringing damaging winds and heavy rain — triggered a wave of rescue operations across the state’s waterways. Here is a breakdown of the major emergencies NRP responded to:

    James Island, Dorchester County: Just before midnight on July 4, a boat carrying eight people struck an exposed dredge pipe. NRP, Dorchester County Fire Services, and a Good Samaritan vessel brought seven of the occupants to Taylor’s Island Boat Ramp. One person stayed with the damaged boat before eventually making it back to shore. One occupant was injured and taken to a nearby hospital. The vessel was removed the next day.

    Potomac River, near Westmoreland State Park: Around 11:45 p.m. on July 4, a 21-foot bowrider flipped over, throwing all seven people aboard into the river. Virginia Marine Police, the U.S. Coast Guard, NRP, and Maryland State Police Aviation all took part in the rescue effort. All seven were pulled from the water, and one was taken to Mary Washington Hospital.

    Potomac River, near Silverbrook Beach in Nanjemoy: Around 10 p.m. on July 4, rough water conditions drove a boat aground, stranding seven people on shore. NRP transported all of them safely to Aquia Creek Marina in Virginia, and the vessel was recovered the following day.

    Patuxent River, near Solomons Island: Around 8:30 p.m. on July 4, a 13-foot Pro-Line carrying three people overturned in heavy rain and strong winds, throwing everyone into the water. A Good Samaritan rescued the three occupants and brought them to the Solomons boat ramp. The boat later washed ashore on its own.

    C&D Canal, near Chesapeake City: Around 4 p.m. on July 4, a 32-foot Wellcraft exploded after being fueled at Schaefer’s Canal House and Marina. Ten people — some on the boat, others on the dock — were injured. Maryland State Police Aviation and EMS crews transported four victims by air and five by ground to area medical facilities. NRP and the Office of the State Fire Marshal are working to determine what caused the blast.

    Patapsco River, near Bodkin Point: Around noon on July 3, a 26-foot vessel exploded, leaving two adults and two juveniles with burn injuries. Bystanders pulled all four from the water before EMS arrived and transported them to area hospitals. The boat burned all the way down to the waterline. The Anne Arundel County Fire Department helped with firefighting, and the incident remains under investigation.

    In addition to the emergencies, NRP made five alcohol-related arrests over the weekend as part of Operation Dry Water, an annual nationwide enforcement effort targeting impaired boating. Two of those arrests involved charges of Operating While Under the Influence of Alcohol (OUI). A conviction on that charge can result in fines of up to $1,000, up to one year behind bars, and a two-year loss of boating privileges.

    The two OUI cases from Operation Dry Water 2026 were:

    A 24-year-old man from Glen Burnie was charged after officers responded to a disabled vessel in Rock Hall on July 5. A 31-year-old man from Frederick was charged after being stopped for reckless operation of a personal watercraft on the upper Potomac River near the Big Slackwater boat ramp on July 3.

    Three more people were arrested for driving under the influence on Maryland roads during the same enforcement window.

    When all was tallied, NRP issued 163 boating citations and 813 natural resources warnings, completed 173 recreational vessel inspections, stopped 345 vessels, and handled 1,873 calls for service across the three-day period.

    Operation Dry Water was established in 2009 by the National Association of State Boating Law Administrators. NRP has taken part in the initiative since it began, deploying extra officers to areas where drinking and boating are known to occur throughout Maryland.

  • Oak Ridge Road in Hockessin Closing for Bridge Work Starting July 13

    Oak Ridge Road in Hockessin Closing for Bridge Work Starting July 13

    HOCKESSIN, Del. — Motorists traveling through Hockessin should plan ahead for a road closure set to begin Monday, July 13th.

    The Delaware Department of Transportation has announced that Oak Ridge Road will be closed between McKennans Church Road and Valley Book Drive. The closure is expected to remain in effect through Monday, September 14th, weather permitting, to allow crews to complete a bridge replacement project.

    Drivers who normally use that stretch of road will need to follow a posted detour. According to DelDOT, vehicles should head north on McKennans Church Road, then turn left onto Newport Gap Pike to get around the work zone.

    Motorists are encouraged to allow extra travel time and follow all posted detour signs throughout the duration of the project.

  • Former Olympian Canoeist Pleads Not Guilty in Lincoln Memorial Reflecting Pool Vandalism Case

    Former Olympian Canoeist Pleads Not Guilty in Lincoln Memorial Reflecting Pool Vandalism Case

    Former U.S. Olympic canoeist David Hearn stood before a D.C. Superior Court judge on Thursday and entered a not guilty plea to a charge of destruction of property.

    Hearn is accused of causing more than $1,000 in damage to the Lincoln Memorial Reflecting Pool in Washington, D.C.

    After his arraignment concluded, Hearn walked out of the Superior Court of the District of Columbia with his attorney, Norman Eisen, where a group of reporters and protesters had gathered to hear from them.

  • Flood Watch in Effect Through Tonight for Parts of the Region

    Flood Watch in Effect Through Tonight for Parts of the Region

    The National Weather Service office in Mount Holly, New Jersey has put a Flood Watch into effect starting July 9 at 11:22 AM Eastern Time, with the watch expected to remain in place through midnight on July 10.

    A Flood Watch means that conditions are favorable for flooding to develop in the watch area. Residents should remain alert, avoid low-lying areas, and be ready to act quickly if flooding begins or a Flood Warning is issued.

    Authorities urge people to never attempt to walk or drive through flooded roadways. Even shallow water moving quickly can be extremely dangerous. The phrase “turn around, don’t drown” is a key reminder during any flood event.

    Stay tuned to TV Delmarva and monitor the National Weather Service for the latest updates as conditions develop.

  • Major News Outlets Demand Sanctions Against OpenAI in Copyright Battle

    Major News Outlets Demand Sanctions Against OpenAI in Copyright Battle

    NEW YORK — A coalition of prominent news organizations, including The New York Times and the Daily News, is asking a federal judge in Manhattan to impose sanctions on OpenAI, intensifying a legal battle over artificial intelligence and copyright law that many say could determine the fate of the news industry.

    The media companies allege that OpenAI — the company behind the popular ChatGPT chatbot — has been concealing evidence critical to what could become a landmark copyright infringement trial. At the heart of the case is how OpenAI and its business partner, Microsoft, used millions of news articles to develop their AI technologies. The broader question is whether AI chatbots are unfairly drawing users away from news websites, capturing web traffic without performing the reporting work that produced the content.

    A court filing submitted Thursday in a Manhattan federal courthouse accuses OpenAI of choosing “obstruction” rather than turning over datasets and ChatGPT activity logs that could demonstrate how the AI system made use of copyrighted journalism. The news organizations are asking the judge to penalize OpenAI for what they describe as “discovery misconduct” that could distort the evidence in the case. They say a recent deposition of an OpenAI employee contradicts statements the company previously made.

    Attorney Steven Lieberman, who represents the Daily News and seven of its affiliated newspapers, said OpenAI has spent two years making false claims about its capacity to search for copyrighted material in its AI training data and logs.

    “This motion asks the court to punish OpenAI for hiding and destroying evidence showing how ChatGPT was trained on stolen journalism,” Lieberman said.

    OpenAI did not respond to a request for comment by Thursday.

    The New York Times originally filed suit against OpenAI and Microsoft in late 2023, roughly a year after ChatGPT launched and set off a wave of commercial AI development that began transforming how people look up information online. The danger to news outlets became even clearer in 2024, when Google began displaying AI-generated answer summaries at the top of search results — cutting into the advertising revenue that news sites depend on when readers click through to their stories.

    Since then, additional news organizations have joined the legal effort, including MediaNews Group-owned outlets such as the Daily News and the Chicago Tribune, digital publisher Ziff Davis, and the nonprofit Center for Investigative Reporting.

    OpenAI and other technology companies have maintained that training AI systems on digitized books, web articles, and other online text is permitted under the “fair use” provision of U.S. copyright law. That argument is now being tested across dozens of lawsuits brought by visual artists, authors, music labels, and other creative industries — with varying outcomes so far.

    In the largest AI copyright settlement to date, OpenAI competitor Anthropic agreed to pay book authors $1.5 billion after its Claude chatbot was trained on pirated works. That figure, while substantial, represents only a small portion of Anthropic’s $965 billion market valuation as the company prepares to go public.

    The New York Times is making a somewhat different legal argument than the book authors. In its original lawsuit and an updated complaint filed last month, the newspaper focused on unfair competition, arguing that AI companies are trying to “free-ride on The Times’s massive investment in its journalism by using it to build substitutive products without permission or payment.”

    The Times has already spent more than $28 million fighting AI companies in court, according to disclosures filed with financial regulators. That total includes a separate lawsuit the paper filed against AI company Perplexity. Among the penalties the newspapers are seeking Thursday are attorney fees to cover the costs of trying to obtain evidence they say was improperly withheld.

    These escalating legal costs come as a growing number of news organizations have instead chosen to sign licensing agreements with OpenAI and other AI companies — including Google and Facebook parent Meta — that pay outlets a fee to train AI systems on their content. The Associated Press was the first news organization to announce such an agreement with OpenAI, doing so in 2023.

  • Qiagen Reportedly Drawing Takeover Interest from Major Buyout Firms

    Qiagen Reportedly Drawing Takeover Interest from Major Buyout Firms

    Qiagen, a biotechnology company, appears to be on the radar of several major buyout firms as a potential acquisition target, Bloomberg News reported on Thursday.

    According to Bloomberg, citing individuals with knowledge of the situation, the firms showing early interest in a possible takeover include EQT AB, Advent, and KKR.

    Reuters, which initially reported on the Bloomberg story, noted that it was unable to immediately confirm the information independently.

  • IMF Ready to Work With Federal Reserve on Communication Strategy Review

    IMF Ready to Work With Federal Reserve on Communication Strategy Review

    The International Monetary Fund announced Thursday that it is eager to work alongside the U.S. Federal Reserve as the central bank conducts a planned review of how it communicates its monetary policy decisions, including its use of forward guidance.

    IMF spokesperson Julie Kozack echoed comments made recently by other senior IMF officials, noting that forward guidance has proven to be a helpful tool for central banks — particularly during times when interest rates were hovering near zero. However, she said it is entirely reasonable for central banks to reconsider their strategies now that interest rates have moved significantly higher.

    Kozack specifically addressed the Federal Reserve’s plans during a regularly scheduled briefing. “With respect to the Fed in particular, they have talked about setting up a task force to look at communications, and we very much look forward to engaging with them on the findings of the task force and on their thinking about how communications can be adapted,” she said.

  • Steve Cherundolo Named Head Coach of U.S. Under-23 Men’s Soccer Team for 2028 LA Olympics

    Steve Cherundolo Named Head Coach of U.S. Under-23 Men’s Soccer Team for 2028 LA Olympics

    NEW YORK — Steve Cherundolo, a former U.S. men’s national team player and Major League Soccer head coach, has been selected to guide the United States under-23 men’s national soccer team ahead of the 2028 Los Angeles Olympics, the nation’s soccer federation announced Thursday.

    Cherundolo is no stranger to the highest levels of American soccer. During his playing career, he earned 87 caps for the United States and suited up for three separate World Cup tournaments. On the coaching side, he made a major mark when he led LAFC to the MLS Cup championship in 2022, following earlier work coaching youth teams in Germany.

    The U.S. under-23 squad has already secured its place in the 2028 Games as the host nation. The team’s most recent Olympic showing came at the Paris Games, where they advanced to the quarterfinals — a notable achievement considering it marked their first Olympic appearance since 2008.

    Cherundolo expressed enthusiasm about the opportunity, saying in a statement: “I believe we have an exciting group of players with tremendous potential, and I’m looking forward to building an environment where they can challenge themselves, grow together, and represent our country with pride.”

  • Roommate of Kirk Killing Suspect Set to Give First Public Account in Utah Court

    Roommate of Kirk Killing Suspect Set to Give First Public Account in Utah Court

    A video interview featuring the roommate of Tyler Robinson, the man charged with killing Charlie Kirk, is scheduled to be shown in a Utah courtroom on Thursday as part of an ongoing preliminary hearing into the September 2025 assassination.

    Robinson’s legal team attempted Wednesday to block prosecutors from playing the recorded interview with Lance Twiggs, in which prosecutors say Twiggs describes Robinson allegedly telling him he was responsible for Kirk’s death. That effort failed.

    The footage will be presented on the fourth day of the preliminary hearing, where the prosecution is attempting to persuade Utah District Court Judge Tony Graf that there is enough evidence against Robinson to move forward with a trial.

    The week-long proceeding marks the first time prosecution evidence in Kirk’s assassination has been tested in a public forum. The killing is among a string of attacks that have heightened alarm about political violence in the United States.

    Investigators allege Robinson shot Kirk, who was 31 years old, in front of thousands of onlookers while the prominent ally of President Donald Trump was engaged in a debate with students at Utah Valley University.

    An attorney representing Erika Kirk, Charlie Kirk’s widow, called Wednesday for the complete video to be shown, saying it should be played in full “to let the world see what happened.”

    Judge Graf ruled that certain portions of the interview could not be played after Robinson’s attorney argued that prosecutors would present the clips as “confessions” and undermine the defendant’s right to a fair trial. Prosecutors agreed to make the edits requested by Graf and proceed with showing the video.

    Prosecutor Lauren Hunt said Wednesday that Twiggs agreed to record the April 20 interview with prosecutors and law enforcement instead of appearing as a witness at the preliminary hearing, and was granted immunity for anything he said during that interview.

    Robinson, who was training to become an electrician at the time of the shooting, has not yet entered a plea. During this week’s proceedings, his attorneys have suggested that investigators may have overlooked evidence pointing to another person’s involvement in the killing.

    Prosecutors have indicated they intend to introduce text messages exchanged between Robinson and Twiggs, as well as messages from a Discord group chat. While some of that material has already appeared in court documents, Robinson’s defense team has argued that broadcasting it poses a serious threat to his constitutional rights.

    According to text messages cited by prosecutors, Twiggs asked Robinson after the shooting whether he had shot Kirk, and Robinson said he had. When asked why, Robinson allegedly replied: “I had enough of his hatred. Some hate can’t be negotiated out.”

    Prosecutors argue the messages show Robinson targeted Kirk because of his conservative political beliefs. The defense disputes that interpretation and has moved to limit the use of any evidence suggesting a political motive — a factor that could potentially be used to argue for the death penalty.

  • Mexico Plans Criminal Complaints in U.S. Over Deaths of Citizens in Immigration Custody

    Mexico Plans Criminal Complaints in U.S. Over Deaths of Citizens in Immigration Custody

    Mexico City — Mexico’s government is taking legal action in the United States over the deaths of Mexican citizens who have died either while held in U.S. immigration custody or during anti-immigration enforcement operations, Foreign Minister Roberto Velasco announced Thursday.

    Velasco told reporters that 14 Mexican nationals have died while in the custody of U.S. Immigration and Customs Enforcement, while three additional deaths occurred during arrest operations carried out by the agency.

    “We are going to move beyond the diplomatic sphere and go directly to U.S. prosecutors to file complaints regarding these incidents, requesting that they are investigated as criminal matters,” Velasco said.

    The announcement comes after a U.S. ICE agent fatally shot Lorenzo Salgado Araujo, a 52-year-old Mexican national who had been living in the United States without legal status for approximately 30 years. The shooting took place on Tuesday.

    His death triggered protests in Houston and pushed the total number of people shot and killed during immigration enforcement actions to at least six since January 2025, when President Donald Trump returned to the White House and began a large-scale deportation campaign.

    Neither the U.S. Department of Homeland Security nor the Department of Justice responded to requests for comment before publication.

  • Chesapeake Bay Oxygen Levels Hit Record Best Start to Season in 2026

    Chesapeake Bay Oxygen Levels Hit Record Best Start to Season in 2026

    New data gathered by the Maryland Department of Natural Resources and Old Dominion University reveals that the Chesapeake Bay is off to its healthiest start in recorded history when it comes to dissolved oxygen levels. Measurements taken from May through late June 2026 across the Maryland and Virginia portions of the Bay’s mainstem show hypoxia — defined as water containing less than 2 milligrams per liter of oxygen — running well below historical norms.

    In May, no hypoxia was detected at all, placing 2026 among only ten years out of the past 42 where May monitoring found zero hypoxic conditions. Early June set an all-time record low for that period, with hypoxic volume measuring less than one-tenth of a cubic mile — the lowest ever recorded for early June in 38 years of data. By late June, hypoxia climbed to just under one cubic mile, but that figure still fell below the long-term historical average of 1.27 cubic miles. Neither May nor early June showed any anoxia — water with less than 0.2 mg/l of oxygen — while late June recorded just 0.05 cubic miles of anoxic water.

    The data, ranked from best to worst conditions across 42 years of monitoring, shows May 2026 tied for first place with a hypoxic volume of zero, compared to the historical average of 0.18 cubic miles. Early June ranked first out of 38 years at 0.076 cubic miles, far below the average of 0.85. Late June came in 14th out of 36 years at 0.97 cubic miles versus the 1.27 average.

    Researchers point to ongoing drought conditions as a major factor behind the improved water quality. According to the U.S. Geological Survey, water flow into the Bay has been running below average since August 2025 due to persistent dry conditions across the watershed. Less water flowing in means fewer nutrients — specifically phosphorus and nitrogen — entering the Bay. Those nutrients are what feed algal blooms, which in turn consume oxygen in deeper Bay waters when they die and break down.

    A seasonal forecast issued by Chesapeake Bay Program partners noted that from January through April 2026, river flow into the Bay ran 32% below the long-term average, while nitrogen levels came in 39% lower than typical, totaling roughly 59 million pounds of nitrogen according to monitoring station estimates. The forecast had predicted Bay hypoxia volumes would run about 31% below the long-term average this season — a prediction that current monitoring results appear to support.

    However, scientists caution that conditions could shift. Since the late June measurements were taken, air temperatures across the watershed have reached record highs, and seasonal storms are expected to pick up. Warmer water naturally holds less oxygen, and increased freshwater flowing into the Bay could cause greater stratification — a layering effect that prevents oxygen from mixing down into deeper waters — while also carrying additional nutrients.

    Dissolved oxygen is essential for the Bay’s wildlife. Crabs, fish, oysters, and countless other species depend on adequate oxygen levels to survive. Scientists and resource managers track hypoxia volumes and how long those conditions last in order to assess potential harm to Bay ecosystems.

    Efforts to cut nitrogen and phosphorus pollution from industrial operations, wastewater treatment, farmland, and urban runoff continue as part of the long-term strategy to improve Bay health. The Maryland Department of Natural Resources calculates hypoxia volumes each year from May through October using water quality data managed in partnership with the Virginia Department of Environmental Quality, with funding support from both states and the Chesapeake Bay Program. Monitoring will continue through the summer, and additional water quality information is available through the Eyes on the Bay website.

  • UD Men’s Lacrosse Players, Team Earn USILA Academic Honors

    UD Men’s Lacrosse Players, Team Earn USILA Academic Honors

    Two senior players from the University of Delaware men’s lacrosse program have been recognized as United States Intercollegiate Lacrosse Association Scholar All-Americans, according to an announcement from the organization.

    Nick Cowen and Brendan Powers, both seniors with the Blue Hens, received the distinction, which highlights student-athletes who excel both on the field and in the classroom.

    Beyond the individual honors, the Delaware men’s lacrosse team as a whole was also recognized, earning a USILA Team Academic Award for the 2026 season.

  • US Home Prices Reach Record High as Sales Slow and Rates Rise

    US Home Prices Reach Record High as Sales Slow and Rates Rise

    Buying a home in America just got even harder. Sales of previously owned homes slowed in June, while a key measure of home prices reached a record high, piling more pressure on people hoping to enter the housing market.

    According to the National Association of Realtors, existing home sales dropped 2.4% from May to June, landing at a seasonally adjusted annual rate of 4.09 million units. While that figure is 2.8% higher than June of last year, it fell short of the roughly 4.21 million pace that economists had anticipated, according to FactSet.

    Home sales have been stuck near the 4-million annual mark going back to 2023 — well below the historic norm of around 5.2 million sales per year.

    One big factor keeping buyers on the sidelines: mortgage rates. Rates have trended upward in recent months following the start of the conflict between the U.S. and Iran, which has driven crude oil prices higher and stoked inflation fears. Even so, rates are still lower than they were a year ago.

    Despite the sluggish sales pace, home prices kept climbing. The national median sales price rose 1.8% in June compared to a year ago, reaching $440,600 — the highest level recorded since the data series began in 1999, according to the NAR. Home prices have now increased year-over-year for 36 consecutive months.

    Lawrence Yun, the NAR’s chief economist, pointed to the need for more homes on the market. “Without a doubt, the affordability is a major challenge for people who want to become homeowners, which is the reason why we need more supply,” he said.

    The U.S. housing market has been in a downturn since 2022, when mortgage rates began rising sharply from the low levels seen during the pandemic. Last year, sales of previously owned homes were essentially flat and stuck at a 30-year low.

    So far in 2026, seasonally adjusted existing home sales are up just 0.7% compared to the first half of 2025.

    Many of the homes that closed last month likely went under contract back in April and May, when the average rate on a 30-year mortgage hovered between 6.23% and 6.53% — the highest levels seen since late August, according to mortgage buyer Freddie Mac.

  • Irish Man Gets 14 Years for Strangling American Tourist in Budapest

    Irish Man Gets 14 Years for Strangling American Tourist in Budapest

    BUDAPEST, Hungary — A Hungarian court handed down a 14-year prison sentence Thursday to an Irish national convicted of murdering an American tourist in the country’s capital last year.

    The victim was 31-year-old Mackenzie Michalski, a Portland, Oregon resident who had been traveling in Hungary for vacation. She was reported missing on November 5, 2024, after friends lost contact with her following a night out at a nightclub in central Budapest.

    Authorities launched a missing persons investigation and combed through security camera footage from multiple nightclubs in the area. The footage showed Michalski — who went by the nickname “Kenzie” — spending time at several clubs that evening with a man who was later identified as the suspect.

    Police detained the man, identified only by the initials L.T.M., on November 7, 2024. He was 37 years old at the time of the crime and ultimately confessed to killing Michalski.

    According to investigators, the two met on the dance floor of a nightclub and later left together for the man’s rented apartment. Police said he beat and strangled Michalski during an “intimate encounter” at the residence.

    The Budapest Metropolitan Court found him guilty of murder on Thursday and sentenced him to 14 years with no possibility of parole. Approximately one and a half years he has already served in detention will be credited toward his sentence. Upon his release, the court ordered that he be deported from Hungary.

    In addition to prison time, the man was ordered to pay 2.5 million forints — roughly $7,995 — in court costs. His defense attorney has already filed an appeal of the conviction.

    Following his arrest in 2024, the man claimed Michalski’s death was accidental. However, investigators said his actions told a different story. Police say he cleaned the apartment to remove evidence, concealed her body inside a wardrobe, then purchased a suitcase and placed her remains inside.

    He then rented a vehicle and drove approximately 150 kilometers — about 90 miles — southwest of Budapest to Lake Balaton, where he disposed of Michalski’s body in a wooded area near the town of Szigliget.

    Video footage released by police showed the man leading investigators to the location where he had left the body. Authorities also revealed that before his arrest, the man conducted internet searches on how to dispose of a body, what police do in missing persons cases, whether pigs consume human remains, and the presence of wild boars in the Lake Balaton region. He also searched online to find out how capable Budapest police were at solving crimes.

  • Pakistan’s Leader Pledges to Eliminate Militants After 42 Die in Balochistan Attacks

    Pakistan’s Leader Pledges to Eliminate Militants After 42 Die in Balochistan Attacks

    QUETTA, Pakistan — Pakistan’s Prime Minister Shehbaz Sharif made a personal visit Thursday to Balochistan province in the country’s southwest, meeting with families of the 42 people — the majority of them security personnel — who lost their lives in a series of militant attacks that began earlier this week.

    Since the attacks started Monday, Pakistani authorities have launched counteroperations that have resulted in the deaths of at least 54 insurgents, according to the military and local officials.

    The surge in violence led Sharif to travel to Quetta, the provincial capital, where members of the banned Baloch Liberation Army carried out multiple separate strikes beginning Monday. The growing boldness of these attacks has sparked concern that separatist factions once viewed as relatively minor are now extending their influence across a wider area.

    The single deadliest incident occurred at a police post in Balochistan’s Ziarat district on Monday, where nine officers were killed. Eighteen additional officers who were taken hostage during that attack were later executed by their captors.

    Outraged by the killings, relatives of roughly two dozen of the slain officers gathered in Quetta for a sit-in protest alongside the bodies of the victims, calling on the government to hold the perpetrators accountable.

    “The war against terrorism will continue until the last terrorist in Pakistan is eliminated,” Sharif declared in televised comments while presiding over a security meeting that included army chief Field Marshal Asim Munir and Balochistan Chief Minister Sarfraz Bugti.

    While stopping short of directly naming India, Sharif stated there was “no doubt” that Pakistan’s eastern neighbor was playing a significant role in stoking the insurgency — allegedly supplying militants with weapons, funding, and other forms of support. He also accused militants of using Afghan soil as a launchpad for attacks in both the northwestern province of Khyber Pakhtunkhwa and in Balochistan, pledging that the state would defeat what he called their “nefarious designs.”

    Neither Kabul nor New Delhi issued an immediate response, though both governments have denied similar accusations in the past.

    Balochistan, which is Pakistan’s largest province by area but its least populated, has been a long-running flashpoint for a separatist insurgency. It has also seen repeated attacks from the Pakistani Taliban — known as Tehrik-e-Taliban Pakistan, or TTP — a militant organization that is distinct from but aligned with the Afghan Taliban.

    The TTP has grown increasingly powerful since the Afghan Taliban reclaimed control of Afghanistan in 2021.

  • Former Olympian Pleads Not Guilty in Lincoln Memorial Reflecting Pool Damage Case

    Former Olympian Pleads Not Guilty in Lincoln Memorial Reflecting Pool Damage Case

    WASHINGTON — A former Olympic canoe racer who represented the United States in three Summer Games has entered a not guilty plea in a politically charged case involving alleged damage to the Lincoln Memorial Reflecting Pool.

    David Hearn, 67, of Bethesda, Maryland, made his initial appearance in D.C. Superior Court on Thursday, where one of his attorneys entered the plea on his behalf. Hearn was indicted last Thursday on one felony count of property destruction.

    The courtroom was packed for the hearing, where D.C. Superior Court Judge Carmen McLean declined to impose any supervision requirements on Hearn while he remains free ahead of trial. A status hearing has been set for August 5.

    Prosecutor Kevin Reddington told the court that the government was not seeking supervision but did request a “stay-away order,” though he did not specify in court which location Hearn would be required to avoid.

    Defense attorney Mary Dohrmann argued against any conditions being placed on her client, describing Hearn as an “upstanding citizen and member of the community.” She also took aim at the prosecution’s case, stating plainly, “The government’s evidence is weak.”

    After the hearing concluded, dozens of Hearn’s supporters — many holding handmade signs — gathered outside the courthouse to greet him.

    The case stems from ongoing problems surrounding the Reflecting Pool, which underwent a multimillion-dollar renovation ordered by President Donald Trump ahead of the nation’s 250th anniversary celebration this month. The project has faced repeated setbacks, including an algae outbreak that required chemical treatment. Trump has also said the pool will likely need to be drained again to repair its liner after pieces of blue coating were spotted floating on the surface.

    Trump has claimed, without providing supporting evidence, that vandals poured fertilizer into the pool and used a box cutter to slash the coating. U.S. Attorney Jeanine Pirro, the top federal prosecutor for the District of Columbia, announced last week that six additional individuals had been arrested on misdemeanor charges tied to the $16 million pool project.

    Hearn’s legal team has pushed back hard against the prosecution, calling the charges a “concocted narrative” and warning that the case “should be alarming to every American.” In a written statement, the attorneys said, “This indictment reflects the administration’s effort to shift blame for their own failures. The justice system exists to determine facts, not to provide political cover.”

    Hearn previously told The Associated Press that he was held by National Guard troops and U.S. Park Police for five hours after stopping at the pool during a 64-mile bike ride on June 19. He said he reached into the water to look at peeling coating and briefly touched a loose piece attached to the side of the pool, but immediately released it when a park worker instructed him to do so.

    Pirro, however, accused Hearn of causing more than $1,000 in damage by tearing up newly installed sealant and acting aggressively toward a pool employee who told him to stop.

  • Germany Secures Deal to Buy U.S. Tomahawk Missiles After NATO Summit

    Germany Secures Deal to Buy U.S. Tomahawk Missiles After NATO Summit

    Germany has reached an agreement with the United States to purchase American-made Tomahawk cruise missiles, with plans to deploy them on German soil, Chancellor Friedrich Merz announced Thursday.

    Merz said the deal for the long-range missiles — designed to strike targets deep within enemy territory — was finalized earlier this week during the NATO summit held in Ankara, Turkey’s capital.

    “This will close an important strategic gap in our defense, and at the same time, we will work to develop our own European systems and station them in Europe,” Merz told members of parliament after returning from the two-day gathering.

    The agreement with the Trump administration represents a broader effort to share American military technology with key European allies, whose approach to national security has shifted dramatically since Russia launched its full-scale invasion of Ukraine in early 2022.

    Also on Wednesday, President Donald Trump announced that the U.S. would grant Ukraine a license to manufacture Patriot air defense systems — a significant development for Kyiv, which has long sought access to that technology to defend against Russian missile attacks.

    The Tomahawk cruise missile has been part of the U.S. military arsenal since the 1980s. Though not the fastest missile available, it travels at a low altitude of roughly 100 feet — or about 30 meters — above the ground, making it difficult for enemy defense systems to detect.

    The weapon can reach targets up to approximately 1,600 kilometers, or 1,000 miles, away, and its precision guidance technology makes it a preferred choice for striking well-defended or distant targets deep inside hostile territory.

  • EU Lawmakers Vote to Restore Temporary Rules Letting Big Tech Fight Child Exploitation Online

    EU Lawmakers Vote to Restore Temporary Rules Letting Big Tech Fight Child Exploitation Online

    European Union lawmakers voted Thursday to restore a set of temporary regulations that would permit Google, Meta Platforms, and other major online services to identify and remove child sexual abuse content from their platforms.

    At the same time, lawmakers voted to shield end-to-end encrypted messaging services — including WhatsApp, Telegram, and Signal — from the scanning requirements, reflecting ongoing concerns that broad surveillance measures could put user privacy at risk.

    The debate has drawn a sharp divide between those pushing for stronger online child safety protections and privacy advocates who warn that mass scanning tools could be misused for wider surveillance purposes.

    Last month, EU member nations and lawmakers were unable to reach a deal on permanent regulations, with both sides clashing over how broadly detection efforts should apply.

    The temporary rules, which were in effect from 2021 until this past April, had given online platforms a pass from strict EU privacy requirements while officials worked toward a long-term legislative solution to address child pornography online.

    Lawmaker Marketa Gregorova of the Pirate Party expressed reservations about bringing the interim rules back. “Protecting encryption was one of our priorities, and I am therefore glad that we managed to secure an absolute majority for an amendment that at least preserves encryption,” she said. “At the same time, however, voluntary mass scanning unfortunately passed.”

    EU member countries now have three months to weigh in on whether they support the changes approved by the European Parliament.

    The European Commission first put forward a draft proposal on child sexual abuse material back in 2022, but the path to turning it into law has been slow, with criticism coming from both sides of the debate.

    Major technology companies have pushed back against any mandate that would require messaging services, app stores, and internet providers to flag and remove both known and newly discovered images and videos depicting child abuse, as well as instances of grooming.

  • Existing Home Sales Drop in June as Prices Hit Record High

    Existing Home Sales Drop in June as Prices Hit Record High

    Home sales across the United States took an unexpected dip in June, as record-high prices and stubbornly elevated mortgage rates pushed many potential buyers out of the market.

    According to the National Association of Realtors, sales of previously owned homes dropped 2.4% last month, settling at a seasonally adjusted annual rate of 4.09 million units. That figure came in well below what economists surveyed by Reuters had anticipated — a rate of 4.20 million units.

    Regionally, sales ticked upward in the Northeast, while the Midwest, South, and West all saw declines.

    Because existing home sales are recorded at the time a contract closes, last month’s figures likely reflect deals that were agreed upon back in April and May. While mortgage rates have eased somewhat after spiking in response to conflict in the Middle East, the average rate on a 30-year fixed mortgage is still roughly 45 basis points higher than it was before the conflict began, according to data from mortgage financing firm Freddie Mac.

    Compared to the same time last year, home sales were actually up 2.8% in June.

    Lawrence Yun, the chief economist for the National Association of Realtors, explained the mixed signals this way: “The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers are to affordability conditions.”

    The elevated mortgage rate environment is also keeping many current homeowners from putting their properties on the market. A large portion of homeowners locked in fixed mortgage rates below 5%, giving them little incentive to sell and take on a higher rate elsewhere. As a result, the inventory of previously owned homes available for sale slipped 0.6% to 1.56 million units — though that figure is still 1.3% higher than a year ago.

    A significant housing shortage persists nationwide, especially when it comes to entry-level homes. The National Association of Home Builders estimates the country is short by roughly 1.2 million homes.

    At the rate homes sold in June, it would take about 4.6 months to work through the current supply — the same pace as a year ago. That tight supply is a key reason home prices remain high.

    Congress recently passed a bipartisan housing affordability bill that includes provisions to limit single-family home purchases by investment firms and to streamline or waive environmental reviews for new construction. However, President Donald Trump has said he will not sign the legislation until a separate bill related to voting is enacted.

    The median price for an existing home last month climbed 1.8% from a year earlier, reaching a record $440,600.

    First-time buyers made up 33% of all sales in June, an improvement from 30% a year ago — though experts say a 40% share is needed for a truly healthy housing market.

    Homes sat on the market a median of 28 days, up slightly from 27 days the previous year. Distressed sales, which include foreclosures, fell to 2% of all transactions, down from 3% a year ago.

  • Meta Opens Developer Access to Muse Spark AI, Launches Upgraded 1.1 Version

    Meta Opens Developer Access to Muse Spark AI, Launches Upgraded 1.1 Version

    Meta Platforms on Thursday unveiled long-anticipated developer access to its Muse Spark artificial intelligence model, simultaneously introducing an upgraded version called Muse Spark 1.1 — a move that puts the social media company in direct competition with Anthropic and OpenAI in the paid AI marketplace.

    The company is billing Muse Spark 1.1 as its most powerful model yet for real-world programming and automated tasks, framing it as part of its broader goal of achieving what it calls “personal superintelligence.”

    According to Meta, the upgraded model is capable of writing and fixing code, operating software and outside tools, processing text, images, and video, and completing complicated multi-step tasks with minimal human involvement.

    The original Muse Spark model made its debut back in April, becoming the first text and reasoning AI model produced by the superintelligence team Meta assembled last year as it works to catch up with competitors in the fast-moving artificial intelligence race.

    While the model launched in April, Meta had been quietly testing its Application Programming Interface — a digital connector that lets developers plug the model’s capabilities into their own software — with select partners in a private preview.

    Now, developers across the United States can access Muse Spark through a public preview on Meta Model API, where they can experiment with prompts, compare results, and build prototype applications.

    New users who sign up for the API will receive $20 in complimentary credits to try out the model before transitioning to a pay-as-you-go system. The pricing is set at $1.25 per million input tokens and $4.25 per million output tokens — higher than OpenAI’s entry-level GPT-5 mini and Anthropic’s budget-friendly Claude Haiku 4.5, but less expensive than Anthropic’s more advanced Claude Sonnet 4.6 offering.

    Muse Spark 1.1 is now available in Thinking mode within the Meta AI app and on its website. The model is also expected to eventually take over from existing Llama models that currently power chatbots across WhatsApp, Instagram, Facebook, and Meta’s line of smart glasses.

    Thursday’s launch follows an announcement earlier in the week when Meta said it was expanding its generative AI offerings by rolling out Muse Image — its first image-generation model from Meta Superintelligence Labs — across its suite of apps.

  • AI Selloff Sends Quant Hedge Funds to Worst Results in Nearly a Year

    AI Selloff Sends Quant Hedge Funds to Worst Results in Nearly a Year

    Some of the world’s largest hedge funds have recorded their worst trading stretch in close to a year, caught off guard by volatile markets and overcrowded investment positions, according to a new analysis from Goldman Sachs.

    In a note released Wednesday, Goldman Sachs reported that systematic managers — commonly known as quant funds — which rely on computer algorithms to follow market trends, have surrendered about one-quarter of their gains for the year. That group’s returns now stand at 10.8% for the year, a notable drop from the 14.4% return recorded as recently as June 22.

    The losses were largely tied to bets placed against some of the most heavily traded corners of the market, including U.S. equities, stocks in Asian developed markets, and — to a smaller degree — European markets, according to the Goldman Sachs note.

    Trading conditions had already become difficult in late June and into early July due to sharp swings in chipmaker stocks. The situation was made worse by high levels of leverage among retail investors, particularly in Korean markets, which magnified stock price movements considerably.

    Quant funds accounted for roughly 10% of the largest hedge funds in 2025, according to figures from S&P Global.

    Financial regulators, including those at the Bank of England, the Bank of Japan, and the Bank for International Settlements, have been raising concerns for some time about elevated valuations — especially in the technology sector. Shares in companies such as Micron Technology, Intel, and Marvell Technology have climbed roughly 200% in 2026 alone. Regulators have also expressed worry that hedge funds’ growing influence in financial markets is contributing to increased volatility and risk.

    Goldman Sachs also reported that fundamental managers — the stock-picking variety of hedge fund — fell 2.2% over the same stretch after getting tangled up in crowded technology trades. Still, that group remains up 15.5% on the year.

    These stock-pickers have “aggressively” pulled back from trades tied to artificial intelligence, most of which had previously been big winners, Goldman Sachs said. That widespread exit has pushed hedge fund leverage to its lowest point in the past year, reflecting just how dramatically trading activity has shifted.

  • Ex-U.S. Olympic Canoeist Pleads Not Guilty in Reflecting Pool Vandalism Case

    Ex-U.S. Olympic Canoeist Pleads Not Guilty in Reflecting Pool Vandalism Case

    A former U.S. Olympic canoeist stood before a Washington, D.C. Superior Court judge on Thursday and entered a not guilty plea in connection with alleged vandalism at the Lincoln Memorial Reflecting Pool.

    David “Davey” Hearn, 67, is charged with felony destruction of property after federal prosecutors claimed he intentionally damaged the lining material at the bottom of the famous pool on June 19.

    The 2,000-foot-long pool, a landmark feature of Washington’s National Mall, was recently refurbished with an “American flag blue” liner at President Donald Trump’s request, part of the celebrations marking the 250th anniversary of American independence.

    Shortly after the renovation was completed, the pool began showing significant problems — algae blooms turned the water green, and sections of the blue liner began peeling away. With criticism mounting over the $14.7 million project, Trump blamed the issues on deliberate sabotage by vandals.

    Jeanine Pirro, the Trump-appointed U.S. Attorney for the District of Columbia, announced criminal charges against Hearn earlier this month, framing the prosecution as part of a broader effort to defend American monuments.

    According to Pirro, Hearn deliberately pulled at the liner, tearing a 2-square-foot section and causing more than $1,000 in damage. If convicted, Hearn could face a maximum sentence of 10 years behind bars.

    Hearn’s legal team has pushed back strongly, maintaining his innocence and arguing that the Trump administration filed charges to shift public focus away from what they described as a poorly executed renovation.

    Hearn himself has acknowledged that he reached into the pool while riding his bicycle nearby and touched a piece of liner that was already coming loose — but he has firmly denied pulling any material out of the pool.

    In the days after the renovation was unveiled, Trump alleged that individuals had poured chemicals into the pool to encourage algae growth and cut a 300-foot gash into the liner. To date, no one — including Hearn — has been formally accused of those specific actions.

    The Department of the Interior reported that at least six people were arrested on suspicion of vandalizing the pool in the weeks that followed. National Guard troops and U.S. Park Police were deployed to monitor the site, and the pool was surrounded by fencing during the July 4th holiday festivities.

    Trump has indicated the pool will need to be partially drained again so repairs can be made.

  • Hackers Tied to China and India Targeted Pakistani Police Agencies, Report Finds

    Hackers Tied to China and India Targeted Pakistani Police Agencies, Report Finds

    Hacking groups with ties to both China and India separately targeted several Pakistani law enforcement agencies, according to new findings released Thursday by cybersecurity firm SentinelOne.

    The discovered campaigns shed light on foreign efforts to gather intelligence related to Pakistan’s security landscape, including militant violence, tensions along the Afghan border, and the country’s economic ties with China.

    Aleksandar Milenkoski, a principal threat researcher at SentinelOne, explained the significance in a blog post published Thursday. “When multiple cyberespionage actors operate against law enforcement institutions of a single state, the convergence itself is a signal of target value,” he wrote. “What draws them is a particular kind of institution: one that holds the government’s internal security picture, what it knows about the threats inside its borders, and how it acts against them.”

    SentinelOne’s research uncovered evidence of hacking activity and network intrusions carried out between February 2024 and April 2026. The most prominent target was the Balochistan police, which serves Pakistan’s southwestern province of the same name. Researchers found that the attacks on that agency involved network equipment, web servers, and several online applications, including the force’s Complaint Management System.

    The Balochistan police did not respond when asked for comment.

    Additional agencies targeted in the campaigns included the Khyber Pakhtunkhwa police, the Islamabad police, and the Punjab Safe Cities Authority, an independent government agency that manages systems used by police across major cities in Punjab province.

    According to the report, the agencies targeted are involved in monitoring both internal and external threats and in coordinating responses between law enforcement and government officials.

    Researchers suggested that China’s interest in these agencies may stem from concerns about the safety of Chinese nationals working in Pakistan, who have been killed in attacks in recent years. Interest from India-linked groups is believed to be connected to ongoing tensions between the two nations and Pakistan’s overall security posture.

    Liu Chang, spokesperson for the Chinese Embassy in Washington, responded with an emailed statement saying China “firmly opposes and combats all forms of cyberattacks in accordance with the law, and does not allow any country or individual to engage in such illegal activities within China’s territory or by using China’s infrastructure.” The Indian Embassy in Washington did not respond to questions about the findings.

    The Khyber Pakhtunkhwa police issued a statement saying cybersecurity “is a matter of the highest priority” for the agency, and that “there is no evidence that any core KP police system, network, or critical application has been successfully compromised.” The agency also acknowledged that “during the heightened Pakistan-India tensions last year, KP Police experienced an increase in attempted cyber activities,” and noted that “in one isolated incident, the login credentials of an end user were compromised.”

    The Islamabad Police, the Punjab Safe Cities Authority, and Pakistan’s Ministry of Interior did not respond to requests for comment.

  • Newark Man Faces Felony Charges in Juvenile Sexual Assault Case

    Newark Man Faces Felony Charges in Juvenile Sexual Assault Case

    New Castle County Division of Police detectives have filed multiple felony charges against a 57-year-old Newark man in connection with the sexual assault of a juvenile.

    Orlando Gonzalez-Jimenez, of Newark, is accused of offenses that allegedly took place in the unit block of Montvale Road. Detectives were first made aware of the allegations in August 2025 and launched an investigation into the reported incidents.

    The investigation led to the formal charges now filed against Gonzalez-Jimenez. Additional details about the case remain limited at this time.

  • Help Save Virginia’s Box Turtles by Reporting What You See

    Help Save Virginia’s Box Turtles by Reporting What You See

    RICHMOND — A Virginia wildlife organization is calling on residents to report woodland box turtle sightings as part of a broader effort to understand and protect a species that has been quietly disappearing across the state.

    The Virginia Herpetological Society says woodland box turtles are one of the most commonly spotted reptiles in the state, but conservationists are growing worried. According to the Virginia Department of Wildlife Resources, the woodland box turtle population has dropped an estimated 32% over the last 100 years, driven by habitat loss, deaths on roadways, and removal from the wild for the pet trade.

    Matt Neff, president of the Virginia Herpetological Society, emphasized the value of everyday residents contributing to the effort. “Citizen science is so important,” he said. “By collecting this data, we can share important numbers and trends with state agencies and other organizations so they can use the information to guide conservation decisions.”

    Woodland box turtles can thrive in a wide range of environments — from hardwood forests and pine flatwoods to maritime forests, hardwood swamps, and land bordering farms. However, ongoing development continues to break up the habitats these animals depend on.

    John Kleopfer, the state herpetologist for the Virginia Department of Wildlife Resources, noted that the most severe losses have been concentrated in densely developed parts of the state. “As you would expect, declines are most notable in heavily urbanized areas such as in the Northern Virginia-D.C. metro, Central Virginia-Richmond metro and Southeastern Virginia-Tidewater,” he said.

    One reason the species is particularly vulnerable is its limited range. Box turtles tend to spend the majority of their lives within a small area, and when roads or housing developments cut through that territory, populations can become cut off from each other. Adding to the concern, woodland box turtles typically need more than a decade to reach reproductive maturity, meaning the loss of even a few adult turtles can have lasting consequences for a local population.

    The pet trade has also taken a toll. Thousands of box turtles have been taken from the wild over the years. In response, Virginia’s Department of Wildlife Resources prohibited private ownership of the native woodland box turtle in 2021.

    Other groups are also stepping up. The Virginia Master Naturalist program has been working to protect box turtle populations, including a monitoring effort on the Northern Neck. Bob Dunstan, co-leader of the Virginia Master Naturalist Northern Neck project, shared that the group is pushing for new safety measures on local roads. “We have just put a request into VDOT to place seasonal turtle warning signs at three hot spot locations,” he said. “Something that has never been done before in Virginia.”

    Anyone who spots a woodland box turtle and wants to contribute to conservation efforts can log their sighting at virginiaherpetologicalsociety.com.

  • Mosque Replica Atop Northern Ireland Bonfire Sparks Arrests, Outrage

    Mosque Replica Atop Northern Ireland Bonfire Sparks Arrests, Outrage

    MOYGASHEL, Northern Ireland — Police in Northern Ireland arrested a 56-year-old man Thursday after a replica of a mosque was placed atop a large bonfire in a pro-British community, drawing sharp condemnation from the British government and politicians on all sides.

    Every year, bonfires are set alight throughout the region in predominantly Protestant “loyalist” neighborhoods on the night before July 12 — a date that marks the anniversary of William of Orange’s defeat of Roman Catholic King James at the Battle of the Boyne back in 1690.

    The mosque replica was built atop a towering stack of wooden pallets, with banners hanging below it reading “secure our borders” and “end the threat of radical Islam.” A figure could be seen in one of the windows appearing to hold a knife-like object. The structure went up just one month after a wave of anti-migrant violence hit Belfast, the Northern Irish capital.

    Britain’s minister for Northern Ireland, Hilary Benn, took to social media platform X to denounce the display, calling it a “sickening and cowardly act of intimidation.” He wrote: “This is not about tradition and in no way does it represent the vast majority of people in Northern Ireland. We must stand united and completely reject such hatred.”

    Colm Gildernew, a representative of the Irish nationalist Sinn Fein party, called on police to remove what he characterized as an obvious hate crime. The leading pro-British political parties also spoke out against the action.

    Authorities said the arrested man faces suspicion of displaying threatening, abusive, or insulting material intended to incite hatred.

    In recent years, anti-migrant imagery has begun appearing on some bonfires, in some cases replacing the anti-Catholic slogans, images, and effigies of Catholic Irish politicians that had historically been displayed. Last year, at the same location in Moygashel — roughly 40 miles west of Belfast — a model of refugees aboard a boat was burned, also following a period of violence targeting migrants.

    Last month, rioters attacked the homes and businesses of ethnic minorities after a video went viral showing a stabbing in which one man lost an eye. A man who police say is from Sudan or Chad has since been charged with attempted murder in connection with that attack.

  • Serbia Begins Culling 11,000 Pigs After African Swine Fever Outbreak

    Serbia Begins Culling 11,000 Pigs After African Swine Fever Outbreak

    BELGRADE — Officials in Serbia have started putting down 11,000 pigs at a farm in the country’s western region after an outbreak of African swine fever (ASF) was confirmed there, according to a report Wednesday from the Tanjug news agency, which cited Agriculture Minister Dragan Glamocic.

    The affected farm is located in the village of Hrtkovci, and the culling process is expected to take a number of days to complete. According to Tanjug, Minister Glamocic indicated that the farm’s owners will receive compensation from the government.

    “The pigs are euthanised painlessly and then safely disposed of,” Glamocic was quoted as saying.

    This latest outbreak is not an isolated incident — Serbia is currently dealing with several active cases of African swine fever across the country.

    Over the past two months, thousands of pigs have already been destroyed in the western Macva region, an area that shares borders with both Bosnia and Croatia.

    While African swine fever poses no health risk to people, it is highly contagious among domestic pigs and wild boar and can spread rapidly once an outbreak takes hold.

  • Heavy Rain, Damaging Wind Threat Returns To Delmarva And The Mid-Atlantic Today

    Heavy Rain, Damaging Wind Threat Returns To Delmarva And The Mid-Atlantic Today

    Showers and thunderstorms are expected to increase across the region this afternoon and evening, bringing the potential for heavy rainfall, localized flash flooding, and damaging wind gusts.

    The setup comes as high pressure moves offshore this morning, allowing a warm and humid southerly flow to strengthen across the Mid-Atlantic. Dew points will climb into the low and mid 70s, making it feel muggy through the day. Afternoon temperatures should reach the mid 80s, but heat index values will climb into the upper 80s and lower 90s.

    The main concern comes later today as low pressure approaches from the west and a mid-level disturbance moves into the region. This will provide enough lift to interact with a very moist and unstable air mass over the Delaware Valley, Delmarva, and southern New Jersey.

    The atmosphere will be primed for storms, with instability values over 1,500 J/kg and precipitable water values between 2 and 2.5 inches. That means any storms that develop will be capable of producing very heavy rain in a short period of time. Rainfall rates of 1 to 2 inches per hour will be possible in the heaviest storms.

    Because of the flash flooding concern, a Flood Watch has been issued for southeast Pennsylvania, northern Delaware, and portions of South Jersey from noon until midnight. While drought conditions remain across parts of the region, some areas have picked up recent rainfall, and repeated rounds of storms could overwhelm soils and drainage systems, especially in more urban locations.

    The Weather Prediction Center has placed southeast Pennsylvania, southern New Jersey, Delaware, and the eastern shores of Maryland under a Slight Risk for excessive rainfall. A Marginal Risk extends farther north into the southern Poconos and northern New Jersey.

    Severe weather is also a concern. The Storm Prediction Center has placed the Delaware Valley south of Philadelphia, Delmarva, and southern New Jersey under a Slight Risk for severe thunderstorms. A Marginal Risk extends from around Philadelphia north toward Allentown.

    Damaging wind gusts will be the main severe weather threat. Wind shear values around 25 to 30 knots should support clusters of thunderstorms, with storms likely becoming outflow-dominant. This type of setup can produce strong wind gusts as storms organize and push eastward.

    A few showers and storms may develop as early as noon to 2 p.m. across the western part of the region, but the main window for impacts is expected from 3 p.m. to 9 p.m. across the Delaware Valley, including Philadelphia, the eastern shores of Maryland, Delaware, and southern New Jersey. The highest potential for both damaging winds and localized flash flooding is expected generally south of Philadelphia.

    Storms should gradually come to an end by midnight. A warm and muggy night will follow, with lows in the upper 60s to lower 70s. Patchy fog may also develop overnight, especially in areas that receive heavier rainfall.

  • Coinbase Fixes Technical Glitch That Blocked Prediction Markets Trading

    Coinbase Fixes Technical Glitch That Blocked Prediction Markets Trading

    Cryptocurrency platform Coinbase announced Thursday that prediction markets trading has been restored after users found themselves unable to place any trades on the service.

    The company confirmed to Reuters that trading had resumed normally, though it declined to provide any details about what triggered the technical problem.

    Before the issue was resolved, Coinbase had posted a status update on its website indicating that the company was actively looking into the situation.

  • Lane Closures on Rothbury Rd at Kerfoot Farm Rd Until 3:30 PM

    Lane Closures on Rothbury Rd at Kerfoot Farm Rd Until 3:30 PM

    Drivers heading through the intersection of Rothbury Road at Kerfoot Farm Road should be aware of intermittent lane closures currently in effect due to construction work in the area.

    The lane restrictions are expected to continue until 3:30 PM. Motorists are encouraged to use caution when traveling through the area and to budget additional time for their commute.

    No further details about the nature of the construction were provided. Drivers may want to consider alternate routes until the work is completed and lanes fully reopen.

  • US Unemployment Filings Slip to 215,000 as Job Market Stays Stable

    US Unemployment Filings Slip to 215,000 as Job Market Stays Stable

    The number of Americans seeking unemployment benefits dropped slightly last week, with layoffs continuing to hold at historically low levels across the country.

    According to a Thursday report from the Labor Department, applications for jobless aid totaled 215,000 for the week ending July 4 — a decrease of 2,000 from the prior week. That figure came in below what analysts surveyed by data firm FactSet had predicted, as forecasters had expected around 220,000 new filings.

    Weekly unemployment applications are widely viewed as a near real-time snapshot of the U.S. labor market and serve as a reliable indicator of how frequently employers are letting workers go.

    Last week’s broader June jobs report from the government showed that employers significantly pulled back on hiring last month, adding just 57,000 jobs — less than half of what was added the month before. That slowdown signals continued caution among businesses. The national unemployment rate did edge down to 4.2% from 4.3% in May, though analysts note the decline is largely because many discouraged workers stopped searching for jobs and were no longer counted in unemployment figures.

    June’s sluggish hiring followed a stronger three-month stretch of job gains, which had helped ease worries that the conflict in Iran might further destabilize an already fragile labor market.

    Weekly claims have generally held within a range of 200,000 to 250,000 since the economy recovered from the pandemic recession. However, hiring momentum began fading roughly two years ago and slowed even more in 2025, attributed in part to President Donald Trump’s tariff policies, reductions in the federal workforce, and the lasting impact of elevated interest rates used to fight inflation.

    Several major corporations have reduced their headcounts in recent months, including Verizon, UPS, Amazon, Disney, Starbucks, and Walmart. Earlier this week, Microsoft announced it would eliminate 4,800 positions — approximately 2.1% of its worldwide workforce — with a significant portion of those cuts coming from its Xbox gaming division.

    Thursday’s report also showed that the four-week moving average of jobless claims — a measure that smooths out weekly fluctuations — declined by 3,750 to 218,750. Meanwhile, the total number of people currently collecting unemployment benefits for the week ending June 27 climbed by 8,000 to 1.81 million, still considered a historically healthy level.

  • Virginia AG EXPO Coming to Doswell’s Meadow Event Park July 30

    Virginia AG EXPO Coming to Doswell’s Meadow Event Park July 30

    DOSWELL, Va. — Virginia’s biggest agricultural field day is heading back to Caroline County this summer, with cutting-edge farm technology, crop research, and live demonstrations all on the agenda.

    The 2026 VA AG EXPO is scheduled for July 30 at The Meadow Event Park in Doswell, running from 7:30 a.m. to 2 p.m. The event is being organized in partnership with Engle Family Farms.

    Billed as Virginia’s largest agricultural field day, the traveling trade show typically draws around 1,000 attendees, including farmers, researchers, agribusiness professionals, and students. This year’s lineup includes approximately 100 exhibitors showcasing agricultural technology, machinery, crops, products, and services.

    Virginia Farm Bureau President Scott Sink described the event’s broader purpose: “The EXPO showcases what we do in agriculture. It’s a way for people to see how crops are doing, learn about nutrients, and a way for everyone to network and share their knowledge with each other.”

    Each year, the EXPO partners with a different working farm to highlight the state’s agricultural diversity. This year, the Engle family — who farm land surrounding The Meadow — will share their multi-generational agricultural story with visitors. Attendees can learn about their production of corn, soybeans, wheat, barley, sorghum, and rapeseed.

    Event organizer Jeff Whitaker noted that both large and small-scale farmers “will have the opportunity to explore precision agriculture tools, variable-rate fertility management, drone technology, weed identification displays and current crop research” throughout the day.

    A key feature of the event is the Advanced Agronomy Education Area, co-hosted by the Virginia Cooperative Extension Service and the Natural Resources Conservation Service, where Virginia agronomy and natural resource experts will lead hands-on learning sessions.

    Among the educational exhibits, the Virginia Soil Health Coalition will conduct demonstrations including rainfall simulations, soil slake tests, and root box displays. Interactive exhibits will also cover soybean processing, cover crops, plant diagnostics, insect management, and farmer-led conservation practices.

    Crop test plots and variety trials involving corn, soybeans, cotton, small grains, and biochar have also been planted. Whitaker said guests will be able to speak directly with specialists about research methods, findings, and ongoing studies aimed at improving agricultural productivity, profitability, and environmental stewardship.

    One notable change from past years: most exhibits and programming will be held indoors at The Meadow’s Farm Bureau Center, which Sink said will create more networking opportunities for both exhibitors and attendees. Visitors can also learn about Farm Bureau programs, services, and upcoming events.

    Food vendors will be on-site serving breakfast and lunch, and the Children’s Museum of Richmond will host a dedicated kids’ area to keep younger visitors engaged.

    “They always provide a fun environment for our future farmers,” Whitaker said.

    The annual event is sponsored by the Virginia Grain Producers Association and the Virginia Soybean Association, with cooperation from Extension and support from Virginia’s corn, soybean, and small grain checkoff boards.

    Admission and parking are both free. For more information, exhibitor details, and event updates, visit vaagexpo.com.

  • Former Bucknell Coach Charged in Death of Freshman Football Player

    Former Bucknell Coach Charged in Death of Freshman Football Player

    A former strength and conditioning coach at Bucknell University is now facing criminal charges in connection with the death of a freshman football player who collapsed during a workout nearly a year ago.

    Mark Kulbis was charged Monday in the death of Calvin “CJ” Dickey Jr., a first-year athlete who had sickle-cell trait. Dickey collapsed during a training session in July 2024.

    The case draws renewed attention to the risks faced by student athletes with sickle-cell trait during intense physical training, and raises questions about the responsibilities of coaching staff to monitor and protect players with known medical conditions.

  • Chemical Weapons Watchdog Restores Syria’s Voting Rights After Years of Suspension

    Chemical Weapons Watchdog Restores Syria’s Voting Rights After Years of Suspension

    THE HAGUE, Netherlands — Syria has had its voting rights restored by the world’s leading chemical weapons oversight organization, a move that recognizes Damascus’s willingness to work with inspectors and commit to eliminating hidden stockpiles of deadly weapons.

    The executive council of the Organization for the Prohibition of Chemical Weapons, known as the OPCW, made the decision Thursday. It marks a significant shift in relations following the removal of former President Bashar Assad from power in 2024. Syria’s voting privileges had been stripped five years ago — the first time any member nation had faced such a penalty — as a consequence of the repeated use of toxic gas under Assad’s government.

    That new spirit of cooperation has already yielded concrete results. In May, the OPCW revealed that dozens of chemical bombs and rockets left behind from the Assad era had been uncovered after previously undisclosed weapons sites were opened to international inspectors.

    The executive council also gave the green light to plans for destroying a portion of those newly declared weapons at a facility in Al Qutayfah, located about 37 kilometers — roughly 23 miles — north of Syria’s capital. The materials slated for destruction include substances used in the production of a nerve agent.

    OPCW Director-General Fernando Arias said in a statement that the decisions “reflect the tangible progress achieved through continued cooperation and constructive engagement between the Technical Secretariat and the Syrian Arab Republic,” with backing from other member nations.

    The OPCW action comes just one day after U.S. officials announced that Washington intends to remove Syria from its list of countries designated as state sponsors of terrorism.

    Syrian President Ahmad al-Sharaa, a former insurgent who commanded the offensive that toppled Assad, has made rebuilding Syria and repairing its long-damaged relationships with Western nations a central goal. He has also made a public pledge to eliminate any chemical weapons remaining from the Assad period.

    Syria became a member of the OPCW in 2013 under significant pressure from Western governments in response to alleged poison gas attacks. At that time, Assad’s government acknowledged chemical weapons at 26 locations within the country. However, the watchdog organization has indicated it has reason to believe Syria may have had as many as 100 additional sites that were never disclosed.

  • Virginia Farmers Raise Concerns with Sen. Warner on Farm Bill, Tariffs, and AI

    Virginia Farmers Raise Concerns with Sen. Warner on Farm Bill, Tariffs, and AI

    INDEPENDENCE, Va. — Farmers and agricultural stakeholders from Southwest Virginia sat down with U.S. Sen. Mark Warner, D-Va., on June 30 at the Grayson Agriculture, Technology & Educational Center to tackle some of the most pressing challenges facing rural producers today.

    At the top of the agenda was the long-stalled Farm Bill. Warner pointed out that Congress has not passed a new five-year farm bill since 2018, leaving growers without the stability they need to plan ahead.

    “We keep cobbling together short-term extensions that don’t give any of you predictability,” Warner told those gathered.

    On the financial side, Warner noted that the federal government has committed roughly $66 billion in rural farm relief, calling that “the good news.” However, he cautioned that the legislation also slashes the Supplemental Nutrition Assistance Program — commonly known as SNAP — by more than half, which he said threatens the chances of a new Farm Bill clearing Congress this year. SNAP is a federal program that provides monthly grocery assistance to low-income households. A revised version of the legislation is currently under consideration in the Senate.

    The meeting also touched on the ongoing recovery from recent extreme weather events, including a damaging spring frost that hit Virginia orchard crops hard and the destruction left behind by Hurricane Helene in 2024. Agricultural leaders expressed gratitude to Virginia’s congressional delegation for backing disaster declarations that could open the door to low-interest loans and other forms of aid for affected producers.

    Gene Copenhaver, a multigenerational farmer from Washington County and president of the National Cattlemen’s Beef Association, reflected on how communities pulled together after the storm. He said neighbors helping neighbors was “the real story here,” highlighting the cooperation between counties, farmers, and elected officials.

    Warner also took aim at broad tariff increases, arguing that unpredictable trade policy makes it difficult for farmers and agricultural businesses to map out their futures. While he acknowledged that targeted tariffs can be a reasonable tool when trading partners engage in unfair practices, he cautioned that sweeping changes can hurt Virginia growers who depend on international export markets.

    Looking further down the road, Warner raised alarms about the potential workforce disruption that artificial intelligence could bring — and suggested that agriculture could be part of the solution by offering workers stable, long-term careers.

    “I think over the next five years, we are going to see massive job dislocation come from AI,” Warner said. “We’re at 9% recent college graduate unemployment. I think it’s going to go to 30% in two years. I hope I’m wrong.”

    Grayson County Farm Bureau member John Fant echoed concerns about the rural workforce, pointing to a shortage of diesel mechanics and other skilled tradespeople. He suggested that building stronger career pathways for students who choose not to pursue a traditional four-year college degree could help keep young people in rural communities while also supporting local farms and businesses.

  • El Niño Building to Historic Strength, Bringing Wetter Winter to Southern US

    El Niño Building to Historic Strength, Bringing Wetter Winter to Southern US

    WASHINGTON — Federal weather officials are warning that this year’s El Niño is rapidly gaining strength and could reach historically powerful levels, with major implications for weather patterns across the country and around the world.

    The U.S. National Oceanic and Atmospheric Administration released its monthly update Thursday, revealing that the current El Niño — a natural warming of equatorial Pacific Ocean waters that reshapes weather patterns globally — has an 81% chance of reaching “very strong” status, the highest category used, by this fall. If it does, it would rank among the most powerful El Niños recorded since tracking began in 1950.

    El Niño works like a heat valve for the planet, releasing stored warmth from deep in the tropical Pacific into the atmosphere. Its most significant effects — including droughts, heavy rainfall, and heat waves — are expected to be felt most strongly during the fall and winter months.

    The current El Niño formed just last month but has already advanced past the weak stage into moderate territory, with no signs of slowing down. Ocean temperatures in key Pacific regions that scientists use to measure El Niño strength are at or near record highs for this time of year. Experts say part of the reason is that this El Niño is developing on top of already elevated ocean temperatures driven by human-caused climate change.

    “It’s pretty extreme,” said Emily Becker, a University of Miami scientist who works alongside the NOAA El Niño forecast team. “Not unprecedented, but very unusual.”

    Becker said the current event could rival the powerful El Niño of 1997-1998, and some other meteorologists believe it could even surpass it. The World Bank has documented that the 1997 El Niño contributed to 23,000 deaths in weather-related disasters, pushed up poverty rates in several countries, and cost governments as much as $45 billion.

    “This is not a run-of-the-mill El Nino,” said Daniel Swain, a climate scientist with the University of California Agriculture and Natural Resources. He noted that unlike previous super El Niños, this one is unfolding against a backdrop of significant global warming from the burning of fossil fuels. “We might not expect to see the exact same impacts from this event as we have seen in historical ones,” he said.

    Becker clarified that a very strong El Niño — measured by Pacific Ocean temperatures — doesn’t automatically mean more extreme weather, but it does make such conditions more probable. For most of the southern United States, that means a higher likelihood of a wetter winter. Northern parts of the country and Canada, meanwhile, face increased odds of warmer-than-normal winter conditions.

    One area where El Niño typically brings relief is the Atlantic hurricane season, which it tends to suppress. Colorado State University, which was a pioneer in seasonal hurricane forecasting, dramatically scaled back its storm predictions on Wednesday, citing “increased confidence in a strong or very strong El Niño.” The university’s forecasters now expect overall Atlantic hurricane activity to come in “well below normal.”

    On a global scale, El Niño is expected to bring drier conditions to Indonesia and a warmer, wetter eastern Pacific region.

    Swain described the broader climate role of El Niño in a blog post, writing: “El Niño also acts as a ‘thermostat’ for global climate by liberating years’ worth of accumulated heat stored in the subsurface tropical Pacific Ocean and dumping it into the atmosphere, where it eventually dissipates–but not before warming the entire planet in the meantime.”

    Many climate scientists are now predicting that 2027 could shatter the global temperature record set in 2024 during the last strong El Niño event, as pent-up heat is eventually released.

    “A strong El Niño would raise the odds of dramatic new climate records over the next 6 to 12 months,” said Zack Labe, a climate scientist at Climate Central. He added that the event could offer a preview of an even hotter world in the years ahead.

  • Eswatini Accepts 11 More US Deportees in Ongoing Third-Country Deal

    Eswatini Accepts 11 More US Deportees in Ongoing Third-Country Deal

    MBABANE, Eswatini — The southern African kingdom of Eswatini has welcomed a fourth batch of individuals deported from the United States, with 11 people touching down this week under a bilateral agreement to house third-country nationals, the government announced Thursday.

    Acting government spokesperson Thabile Mdluli confirmed the new arrivals, describing the group as coming predominantly from African nations. Mdluli said the deportees would remain in the kingdom on a temporary basis, with their rights protected throughout their stay.

    “The government reaffirms that, during their temporary stay in the Kingdom, the fundamental rights of the third-country nationals will be respected and protected in accordance with the laws of the Kingdom of Eswatini and the Kingdom’s international obligations,” Mdluli stated.

    The arrivals are connected to a broader U.S. immigration enforcement effort under President Donald Trump’s administration, which has deported thousands of people to nearly two dozen countries that are not their home nations — often under agreements that advocates describe as secretive.

    Mdluli also noted that security measures are in place to protect both Eswatini and its citizens while the deportees are present in the country.

    Officials familiar with the arrangement say the latest group is expected to be held at Matsapha Maximum Security Prison.

    Eswatini, a nation of roughly 1.2 million people that shares a border with South Africa, began accepting U.S. deportees in 2025 under an arrangement designed to house individuals who cannot be sent directly back to their countries of origin. This week’s arrivals mark the fourth group received under that deal.

    The Trump administration has similarly sent deportees to other African nations, including the Central African Republic, Equatorial Guinea, Sierra Leone, and Congo, as it searches for destinations for migrants who cannot be directly repatriated.

    The Eswatini government has not made public the specific terms of its agreement with Washington, nor has it released details about the deportees’ nationalities, legal standing, or how long they are expected to remain in the country.

    Human rights organizations have criticized the program, pointing to a lack of transparency and limited parliamentary oversight. Civic groups within Eswatini have even taken the matter to court, challenging whether it is legal to hold foreign nationals in prison without formal charges. The government has indicated the men could be held for up to a year while efforts to repatriate them continue.

    Human rights lawyer Mzwandile Masuku warned that the ongoing transfers point to weak institutional accountability and said the practice risks becoming accepted as normal on an international scale.

    To date, only two of the deportees previously sent to Eswatini have left the country — one returned to Cambodia and the other to Jamaica.

    Eswatini’s government has maintained that the agreement aligns with the country’s humanitarian principles while also upholding its national sovereignty and laws.

  • Trump Orders New Airstrikes on Iran as Ceasefire Appears to Collapse

    Trump Orders New Airstrikes on Iran as Ceasefire Appears to Collapse

    The United States carried out new airstrikes against Iran in the early hours of Thursday, just hours after President Donald Trump declared the ceasefire effectively finished, pointing to recent Iranian attacks on vessels in the Strait of Hormuz as the breaking point.

    Iran hit back quickly, launching strikes against U.S.-allied Kuwait and Qatar, while also accusing American forces of targeting an area near the country’s only nuclear power plant.

    The two sides have traded blows repeatedly, including on Wednesday, but Thursday’s exchange appeared to be larger in scale than previous incidents. Adding to the uncertainty, Trump has been sending mixed signals — authorizing consecutive military strikes while simultaneously insisting the U.S. is not heading back into a full-blown war.

    On the diplomatic front, during a Wednesday meeting with Ukrainian President Volodymyr Zelenskyy on the sidelines of the NATO summit in Turkey, Trump announced the U.S. would grant Ukraine a long-sought license to manufacture Patriot air defense systems domestically. Trump also praised Zelenskyy as doing “an amazing job,” a notable shift from his previous sharp criticism of the Ukrainian leader.

    However, an adviser to Ukraine’s defense minister, Serhii Beskrestnov, cautioned that actually building the mobile, surface-to-air missile systems would take many months. Writing on the Telegram messaging platform, Beskrestnov noted that a manufacturing license would typically include technical documentation, specialist training, supplier contacts, and foreign consultants. He said the biggest challenge would be time, not Ukraine’s technical or organizational capabilities.

    In a separate development, the southern African kingdom of Eswatini confirmed Thursday it had received its fourth group of people deported from the United States under a bilateral agreement to host third-country nationals. Eleven individuals arrived this week, the government said.

    Acting government spokesperson Thabile Mdluli said the group, made up mostly of people from African nations, would stay in Eswatini temporarily while their rights were safeguarded. “The government reaffirms that, during their temporary stay in the Kingdom, the fundamental rights of the third-country nationals will be respected and protected in accordance with the laws of the Kingdom of Eswatini and the Kingdom’s international obligations,” Mdluli stated.

    The Trump administration has deported thousands of people to nearly two dozen countries that are not their home nations, under a series of agreements — many of them secret — that are part of a sweeping U.S. immigration crackdown, according to advocates.

    On Wall Street, futures for the S&P 500 edged up 0.1% before Thursday’s opening bell, while Dow Jones Industrial Average futures slipped 0.1%. Nasdaq futures climbed 0.5%.

    Oil prices continued to rise, with Brent crude — the international benchmark — gaining 64 cents to reach $78.66 per barrel on Thursday. It briefly crossed the $80 mark on Wednesday. Prior to the start of the Iran conflict, Brent crude was trading near $72 a barrel, though earlier hopes for a peace agreement had briefly pushed prices back to pre-war levels. U.S. benchmark crude rose 54 cents to $74.06 per barrel.

    Trump has publicly stated he believes the ceasefire is finished and that he is no longer certain he wants a negotiated deal, suggesting the U.S. should instead “finish the job.” Yet he continues to insist the ongoing strikes do not represent a return to war or a long-term military commitment.

    Analysts say Trump’s conflicting statements could be a deliberate pressure tactic aimed at forcing Tehran to halt its attacks on oil and gas tankers in the Strait of Hormuz and to yield to U.S. demands over its nuclear program — a strategy Trump has employed before. Whether it is a negotiating move or a genuine signal of escalation, international mediators are racing to salvage the interim agreement, with the risk that continued fighting could deepen the crisis further.

  • Oil Tanker Traffic Through Strait of Hormuz Grinds to Near Halt Amid Escalating Attacks

    Oil Tanker Traffic Through Strait of Hormuz Grinds to Near Halt Amid Escalating Attacks

    Oil tanker movement through the Strait of Hormuz has nearly ground to a halt, according to shipping data and industry insiders, as the risk to vessels surged following renewed U.S. airstrikes on Iran and retaliatory strikes by Tehran targeting U.S. military infrastructure in nearby Gulf nations.

    By early Thursday morning, only two tankers had made the crossing. One was the crude supertanker Berg 1, which had taken on cargo at Iran’s Kharg Island and is under U.S. sanctions, according to analysis from Kpler. The other was the Marshall Islands-flagged chemical tanker Well Sail, whose previous loading point was near Sharjah in the United Arab Emirates, based on ship tracking data from LSEG.

    Adding to the uncertainty, sources within the shipping industry noted that a growing number of vessels are disabling their public AIS tracking transponders, making it increasingly difficult to get a full picture of which ships are actually moving through the waterway.

    Jorge Leon, head of geopolitical analysis at Rystad Energy, put it bluntly in a written report: “Tanker traffic through the Strait of Hormuz has essentially stopped, which tells you more about risk perception right now than any statement from Washington or Tehran.”

    The current flare-up is the latest development in a conflict that began on February 28 with U.S. and Israeli strikes against Iran. The most recent round of tensions was sparked earlier this week when three tankers were attacked in the strait — incidents the U.S. attributed to Iran. Iranian forces then struck U.S. military sites in neighboring Gulf countries on Thursday in response to American strikes on Iran’s southern coastal and eastern regions, putting further strain on a truce that was only three weeks old.

    Iran’s Revolutionary Guards Navy issued a warning Thursday, saying that U.S. actions — including strikes on Iran and interference with shipping routes — were disrupting the strait’s gradual reopening. The Guards warned that any additional U.S. intervention would be met with a “crushing response.”

    Before the war began, the Strait of Hormuz was responsible for moving roughly one-fifth of the world’s oil supply. Over the past two weeks, daily traffic had climbed to its highest point since the conflict started, averaging around 40 ships per day — still far below the pre-war norm of 125 to 140 daily transits.

    One of the three vessels attacked earlier this week, the Marshall Islands-flagged Qatari LNG tanker Al Rekayyat, remains stranded off the coast of Oman awaiting salvage after a projectile hit late Tuesday ignited a fire in its engine room. While there were initial fears of a potential explosion, industry sources said that risk appears low for now and the ship’s liquefied natural gas cargo seems to be secure. The Marshall Islands ship registry confirmed to Reuters that no injuries or environmental damage had been reported in connection with the incident.

    Some marine war insurance underwriters have advised shipping firms to hold off on sending vessels through the strait, while others are revisiting their coverage terms in light of the renewed attacks, according to insurance industry sources.

    Ship broker Clarksons noted in a report that “the Hormuz reopening story looks more fragile after the latest escalation.”

    One marine war underwriter, speaking anonymously due to the sensitivity of the matter, warned: “As recent incidents have shown, the (marine war) market is now facing the prospect of potentially severe losses involving vessels of substantial value.”

  • Families Await News as Rescuers Search for Crew of Crashed Pakistani Cargo Plane

    Families Await News as Rescuers Search for Crew of Crashed Pakistani Cargo Plane

    The loved ones of Faisal Jatoi, the co-pilot of a Pakistani cargo plane that went down in the Arabian Sea, are desperately waiting for answers as search teams continue combing the waters off Pakistan’s southern coast.

    Jatoi was at the controls of a K2 Airways Boeing 737 freighter on Tuesday night, flying from Sharjah in the United Arab Emirates to Karachi, when the aircraft crashed into the sea. Pakistani rescue teams located the wreckage during a deep-sea search operation on Wednesday.

    Jatoi’s father-in-law, Ghulam Nabi Bahrani, described the moment the family realized something had gone terribly wrong. Unable to get through to Jatoi by phone, a family member turned to Google — and the word “crash” appeared. “That moment felt like doomsday for us,” Bahrani told Reuters at his home in Karachi. Jatoi leaves behind a wife and a two-year-old son.

    Bahrani also revealed that the aircraft — a 27-year-old Boeing 737-400 converted freighter — had spent 10 days grounded in Sharjah for repairs after completing a cargo delivery. The crew had been waiting on a spare part to arrive from the United States before they could make the return trip.

    According to the Pakistan Airports Authority, the plane reported a navigational issue at 9:18 p.m. Pakistan time while en route to Karachi. Flight tracking data from Flightradar24 showed erratic changes in altitude before the plane entered a steep dive.

    The wreckage was discovered approximately 53 nautical miles, or about 98 kilometers, south of Ormara port. Navy and maritime security teams are now working to locate the plane’s flight recorders.

    K2 Airways confirmed that five people were aboard the aircraft: two pilots, two engineers, and one support staff member. Their status has not yet been officially declared.

    A Pakistani aviation expert, speaking anonymously because he was not authorized to comment publicly, warned that recovering the wreckage could rank among the most difficult operations in Pakistan’s recent history. Water depths in the area of the Arabian Sea where the plane went down range from roughly 2,500 to more than 3,500 meters. The expert noted that strong currents, poor underwater visibility, an uneven seabed, and shifting sea conditions would all add to the challenge of bringing up the submerged wreckage and the flight data recorders.

  • Weekly Unemployment Claims Drop, Pointing to Steady Job Market

    Weekly Unemployment Claims Drop, Pointing to Steady Job Market

    WASHINGTON — Fewer Americans filed new unemployment claims last week, offering fresh evidence that the nation’s job market is holding steady even as hiring slowed considerably in June.

    The Labor Department reported Thursday that initial unemployment claims dropped by 2,000 to a seasonally adjusted 215,000 for the week ending July 4. Economists surveyed by Reuters had anticipated a reading of 218,000 for the same period.

    Claims had climbed at the end of May and into early June, but economists largely brushed off that increase as a statistical quirk tied to challenges in adjusting the data around the end of the school year. In some states, non-teaching school employees are permitted to file for unemployment benefits during the extended summer break, which can distort the government’s model for removing seasonal patterns from the numbers.

    Although job growth took a sharp dip in June and the payroll figures for April and May were revised downward, economists maintained that no significant change had taken place in the overall labor market. They described the current environment as a “slow hire, slow fire” situation — meaning employers are neither aggressively adding workers nor letting them go in large numbers.

    Notes from the Federal Reserve’s June 16-17 meeting, released Wednesday, revealed that policymakers grew increasingly worried about inflation last month. Officials “generally expected labor market conditions to remain stable in the near term, with the unemployment rate staying close to current levels.”

    However, the meeting notes also flagged a potential risk, stating that “several participants cited the possibility that uncertainty related to geopolitical developments or the broader economic outlook could lead firms to reduce hiring or begin implementing layoffs.”

    At that June meeting, the Fed chose to hold its benchmark interest rate steady in the 3.50% to 3.75% range, though updated projections indicated growing support for a rate increase later this year.

    A separate figure in Thursday’s report showed that the number of people continuing to collect unemployment benefits after their first week rose by 8,000 to a seasonally adjusted 1.814 million for the week ending June 27. Analysts noted that this uptick in so-called continuing claims is also being influenced by seasonal adjustment complications linked to school holidays.

  • Micron Technology Pledges Up to $3 Billion to Boost US Chip Supply Chain

    Micron Technology Pledges Up to $3 Billion to Boost US Chip Supply Chain

    Micron Technology announced Thursday that it intends to pour up to $3 billion into bolstering the United States semiconductor supply chain, as the memory chip maker works to lock in critical manufacturing materials amid rapidly growing demand fueled by artificial intelligence.

    Following the announcement, Micron’s stock climbed more than 6% during premarket trading.

    Among the key components of the plan, Micron will extend $500 million in strategic funding to support GlobalWafers’ 300 millimeter raw silicon wafer production facility located in Sherman, Texas.

    The two companies have also agreed to a decade-long supply deal that will give Micron access to a substantial volume of raw silicon wafer capacity, helping to support the company’s long-term manufacturing goals, according to an official statement.

  • Swift Launches Blockchain Ledger With 16 Major Banks in Global Finance Push

    Swift Launches Blockchain Ledger With 16 Major Banks in Global Finance Push

    LONDON — Global financial messaging network Swift officially rolled out a blockchain-based shared ledger on Thursday, bringing together an initial group of 16 banks — including Citi and HSBC — in a major step toward enabling non-stop payments and taking on the rapidly expanding stablecoin sector.

    Belgium-based Swift, which serves as the backbone of international bank-to-bank communications worldwide, said the new ledger would allow “tokenised” funds — digital assets that can be programmed for specific purposes — to move around the clock, seven days a week, even on weekends.

    The effort represents one of the most ambitious attempts by the established banking sector to harness blockchain technology while still maintaining the compliance and oversight standards that regulators across the globe demand.

    Other banks participating in the initiative include UBS, BNP Paribas, BNY, Standard Chartered, MUFG, ANZ, DBS, and Lloyds, among others. Swift described the level of participation as evidence of “strong global demand” for a system that would allow each bank’s internal tokenised payment infrastructure to work seamlessly with those of other financial institutions.

    This launch marks the first real-world application of the shared ledger that Swift announced just last year. Longer term, the platform could open the door to innovations such as programmable money and so-called agentic commerce — a model in which automated systems handle payments and transactions on behalf of users without human involvement.

    The move also signals a broader shift underway in global banking, as institutions prepare for a future where deposits, assets, and payments are increasingly handled through digital ledgers, all while remaining inside the regulated financial system.

    Swift currently connects more than 11,500 banks and financial services firms across more than 200 countries. The organization estimates that the value of transactions flowing through its network equals the entire global GDP every two to three days.

    The blockchain ledger arrives at a time of intensifying competition between traditional financial institutions and the $315 billion stablecoin industry. That market is dominated by issuers Tether and Circle, which offer a way to transfer funds directly between parties without relying on intermediaries like banks.

  • Flagging Operation Slows Northbound Traffic on Veale Rd at Swinnen Dr Until 5 PM

    Flagging Operation Slows Northbound Traffic on Veale Rd at Swinnen Dr Until 5 PM

    Motorists traveling northbound on Veale Road at Swinnen Drive are encountering traffic delays this afternoon due to a flagging operation tied to nearby construction work.

    The flagging operation, which requires vehicles to take turns moving through the affected stretch of roadway, is expected to remain in place until 5 PM.

    Drivers in the area are encouraged to allow extra travel time or consider using an alternate route to avoid potential slowdowns.

  • National Chicken Council Updates Animal Welfare Standards, Earns Top Auditing Certification

    National Chicken Council Updates Animal Welfare Standards, Earns Top Auditing Certification

    Consumers across the country are increasingly focused on how the animals that end up on their dinner plates are treated during their lifetimes. Those who raise chickens for food say they share that concern — and now the industry’s leading trade group is taking steps to back that up.

    The National Chicken Council, which first created its broiler chicken welfare guidelines back in 1999, has announced an update to those standards. Along with the revisions, the organization has earned certification from a prominent animal welfare auditing authority.

    The NCC’s guidelines were originally put in place to give chicken producers and processors a framework for ensuring the humane treatment of birds throughout the production process. The newly updated standards and the accompanying certification are intended to strengthen that commitment and give consumers greater confidence in how their food is raised.

  • Syria Gets Voting Rights Restored at Global Chemical Weapons Organization

    Syria Gets Voting Rights Restored at Global Chemical Weapons Organization

    AMSTERDAM — Member nations voted Thursday to restore Syria’s standing at the global body that oversees the prohibition of chemical weapons, citing what they called “a significant change in circumstances” following the collapse of the Assad government.

    Syria had its privileges suspended at the Organisation for the Prohibition of Chemical Weapons back in 2021, after investigators determined that Syrian military forces had used toxic gases on multiple occasions throughout the country’s civil war.

    While largely a symbolic gesture, the original suspension served as a political warning to Syria that violations of the 1997 Chemical Weapons Convention — which bans all battlefield use of chemical agents — would carry consequences.

    “Following the fall of the Assad regime, the new Syrian authorities committed to fulfilling Syria’s obligations under the Convention and have since taken concrete steps,” the OPCW stated in its announcement.

    Syria’s new leadership has pledged to cooperate with the international community to eliminate leftover weapons of mass destruction that could pose a risk of further spread.

    A Syrian official revealed to Reuters in May that the country’s transitional government had discovered remnants of former President Bashar al-Assad’s secret chemical weapons program, including raw materials and munitions resembling those deployed in deadly gas attacks during the civil war.

    Multiple investigations conducted by both the United Nations and the OPCW’s special Investigation and Identification Team determined that Syrian government forces had deployed the nerve agent sarin as well as chlorine barrel bombs — attacks that investigators concluded killed or wounded thousands of people.

    Throughout that period, Syria and its military ally Russia consistently denied any use of chemical weapons.

    The OPCW’s executive council said Thursday that it plans to keep a close watch on Syria’s compliance and will take whatever steps are needed to ensure the destruction of any remaining chemical weapons left behind by the former regime.

  • Princeton Avenue in Salisbury to Close Thursday for Water Line Work

    Princeton Avenue in Salisbury to Close Thursday for Water Line Work

    SALISBURY, Md. — The City of Salisbury is moving forward with planned maintenance to its water distribution system, with crews set to replace a water service line in the 200 block of Princeton Avenue on Thursday, July 9.

    The work is being carried out by the Department of Waterworks Utilities Division. During the project, Princeton Avenue will be shut down to through traffic between Roger Street and Marion Street. The closure is expected to run from 7:30 a.m. until around 3:30 p.m., though that timeline may shift depending on weather and conditions in the field.

    Utility locators and Central Alarm have both been informed ahead of the scheduled work.

    The City is asking for the public’s understanding while the project is underway. Anyone with questions can reach the Utilities Division directly by calling 410-548-3103.

  • Ho Ho Ho in July! World Santa Congress Brings Festive Spirit to Denmark

    Ho Ho Ho in July! World Santa Congress Brings Festive Spirit to Denmark

    AALBORG, Denmark — Summer heat may be gripping much of Europe, but one Danish city is already decked out in holiday cheer.

    The city of Aalborg, Denmark’s fourth-largest, has welcomed dozens of Santas, Mrs. Clauses, and elves from countries around the globe for the annual World Santa Claus Congress — a beloved midsummer tradition that has been running for decades.

    The congress originally launched at an amusement park near Copenhagen back in 1957, later relocating to Aalborg on Denmark’s Jutland peninsula two years ago. This year, the iconic red suits proved to be quite warm under the bright Danish summer sun.

    Next year, the event will celebrate its 70th anniversary. While it was originally designed to delight children, it has since grown into a beloved gathering for professional Santas who spend the holiday season working in stores and shopping centers.

    The multi-day event gives those professional Santas — not the real one, of course — an opportunity to trade stories, compare beards, refine their skills, and take part in fun-filled competitions, all well before the holiday rush begins.

    The busy schedule includes activities such as gingerbread eating, gift wrapping, balloon shaping, and several lively parades through the city streets.

    Organizer Peter Gislund, who himself plays Santa Claus in Aalborg during the Christmas season, described the mixed reactions from locals. “The grandmas say: ‘Oh, it’s too early to come here,’” he noted. “The kids say: ‘Hooray! Santa’s here already.’”

    Over the years, the four-day gathering has drawn participants from as far as Australia, Hong Kong, Canada, and the United States. Most of the roughly three dozen Santas and Mrs. Clauses attending this week came from Scandinavia, but some made the trip from much farther away — including Paradise Yamamoto, who flew in from Tokyo.

    After marching through Aalborg waving a Japanese flag and dancing to “Feliz Navidad” — one of several Christmas classics featured throughout the event — Yamamoto summed up the experience simply: “This is very fun, so many children … Ho, ho, ho!”

    Robert Hercz, a 64-year-old Santa from Oslo, Norway, said that despite coming from different corners of the world, all the Santas present share something special — what he calls “a gene” for generosity and spreading happiness.

    “You have it or you don’t,” said Hercz, who was attending the congress for the first time. “We have the true Santa spirit. And it’s all about giving, sharing, and putting a little bit of joy in people’s hearts.”

    But it’s not all laughter and belly rubs. The gathering also gives Santas a rare chance to connect with one another and pick up a few tricks of the trade.

    “When Santas are together, they always mingle and talk a little bit,” Gislund said. “Maybe I put a little bit of sparkle in the beard and so on. That’s the good part of meeting some Santas from all over the world.”

    For 33-year-old Danish Santa Simon Brøns, the congress is living proof that the holiday spirit doesn’t need to be confined to December.

    “Christmas is not a season. It’s a feeling you have in your stomach,” he said with a grin. “So if you want, you can have Christmas the whole year.”

  • 3D Bioprinter on Space Station Creates Human Liver and Kidney Tissues

    3D Bioprinter on Space Station Creates Human Liver and Kidney Tissues

    A biotechnology firm says it has reached a significant milestone in space-based medicine, successfully operating a 3D bioprinter aboard the International Space Station to create structures made up of human liver, kidney, and cartilage cells.

    San Diego-based Auxilium Biotechnologies announced that a recently finished mission represented the first time liver and kidney tissues had ever been bioprinted in space. The cells used in the experiments were provided by researchers at Wake Forest University, according to Auxilium co-founder Jacob Koffler of the University of California, San Diego.

    The central challenge the team tackled is one that has long frustrated tissue engineers working on Earth: getting cells to land precisely where they need to be inside a three-dimensional structure. Koffler compared the problem to blueberries sinking to the bottom of muffin batter — when cells cluster in the wrong spots or spread unevenly, the resulting tissue may not work correctly.

    In real organs, cells occupy very specific positions. Scientists on Earth have not yet found a reliable way to control exactly where those cells end up, Koffler explained. In the microgravity environment of space, however, that level of control becomes achievable.

    Auxilium first sent its bioprinter to the space station in 2024, originally with the goal of improving the company’s nerve-repair implants, which are currently in clinical trials. The company needed a way to distribute drug-containing particles evenly throughout those implants so that healing compounds would be released consistently as nerves regenerate. Because gravity causes the particles to sink under normal conditions, the team turned to the space station’s microgravity environment as a solution.

    In the most recent mission, Auxilium sent up specialized bio-inks to expand its work into tissue printing. Koffler’s team monitored the process from Earth through cameras on the station and was able to send updated instructions to the printer when needed.

    The liver and kidney tissue samples created on the ISS returned to Earth roughly two weeks ago and are currently being studied.

    Dr. Anthony Atala of the Wake Forest Institute for Regenerative Medicine, whose team supplied the liver and kidney cells, commented on the results. “The uniform cell distribution achieved aboard the space station points to real possibilities for manufacturing medical devices and tissues in space,” he said.

    Koffler noted that the structures produced are not functioning organs. He expects the field will first focus on smaller tissue patches capable of repairing damaged organs — such as a section of the liver — before scientists attempt to bioprint complete replacement organs.

    The project also reflects a broader surge of commercial interest in manufacturing products in space, particularly as NASA moves toward eventually retiring the International Space Station. Auxilium has already signed agreements with companies that are developing commercial space stations and other orbital platforms intended to take the ISS’s place, Koffler said.

    Space-manufactured medical products are still a long way from being used in patients. Regulatory frameworks are only beginning to be established, and Koffler said he participated in a U.S. Food and Drug Administration workshop on space biomanufacturing earlier this year.

    “It’s going to take some years until we get to the clinic,” he said. “But it’s important to start building that framework now.”

  • Germany Seals Deal to Buy US Tomahawk Missiles at NATO Summit

    Germany Seals Deal to Buy US Tomahawk Missiles at NATO Summit

    BERLIN — Germany has agreed to purchase American Tomahawk cruise missiles and station them within its own borders, Chancellor Friedrich Merz announced Thursday, signaling a significant move away from relying on planned U.S. deployments toward developing Germany’s own long-range military strike power.

    Merz informed members of parliament that he finalized the agreement with the U.S. government while attending a NATO summit in Ankara, noting that discussions held Tuesday and Wednesday had gone better than he had anticipated.

    “We are closing a critical strategic gap in our defence, while simultaneously working to develop our own European systems and station them in Europe,” Merz said.

    German government sources indicate that Washington formally committed in a letter of intent signed Tuesday to grant approval in August for Germany to acquire Tomahawk missiles along with ground-based Typhon launchers. The exact number of missiles and launchers Germany intends to buy has not been made public, as that information is classified.

    The purchase appears to align with President Donald Trump’s broader effort to encourage European allies to fund their own security needs — including by purchasing American-made weapons.

    The future of any Tomahawk supply to Germany had been uncertain since Trump announced in May a reduction of U.S. military presence in the country. That announcement was widely interpreted as scrapping a plan from the prior administration to station a U.S. battalion armed with long-range Tomahawk missiles on German soil — a measure originally intended as a temporary but powerful deterrent against Russia while European nations worked on developing comparable weapons of their own.

    Germany does produce its own cruise missile, the Taurus, but its range of roughly 500 kilometers — about 311 miles — is three to five times shorter than that of the Tomahawk.

  • Meta Plans to Launch Custom AI Chip in September, Aiming to Double Computing Power

    Meta Plans to Launch Custom AI Chip in September, Aiming to Double Computing Power

    Meta Platforms is preparing to kick off production of its own artificial intelligence chip this coming September, according to an internal company memo obtained by Reuters. The chip is a key piece of the social media giant’s ambitious plan to grow its total computing capacity to 14 gigawatts by next year.

    The chip, which carries the internal code name “Iris,” is the third generation in a four-chip roadmap under Meta’s in-house program called Meta Training and Inference Accelerators, or MTIA. Meta intends to design the chips itself, with the goal of enhancing the AI systems that run its Facebook and Instagram platforms.

    According to the memo, testing of the Iris chip wrapped up in just six weeks and turned up no significant problems — a notably fast turnaround that suggests the company is making real headway on a project that struggled to gain traction for more than five years after it was first launched.

    Meta worked with Broadcom on the chip’s design and has partnered with Taiwan Semiconductor Manufacturing Co. to handle production. The custom chip approach is expected to help the company reduce its enormous computing expenses and lessen its reliance on chips purchased from outside vendors such as Nvidia and Advanced Micro Devices.

    The Iris chip is intended to work alongside the large numbers of graphics processing units, or GPUs, that Meta currently buys from those suppliers for its AI operations. However, the memo noted that rolling out the latest GPUs at a company of Meta’s scale “has been a heavy lift, and it has cost us time.”

    Meta publicly introduced Iris by its technical designation back in March, alongside three other AI processors. The company plans to release a new chip roughly every six months through 2027 — a much faster pace than the year-or-more intervals that most technology firms follow for AI chip releases.

    The memo indicates Meta plans to deploy seven gigawatts of computing infrastructure during the current year, then double that figure in 2027. Overall, the company expects to spend up to $145 billion on AI infrastructure this year alone, representing a substantial share of the more than $700 billion that major technology companies are projected to invest in AI collectively.

    To support that expansion, Meta has locked in long-term, multi-year supply deals with several companies. Those agreements include contracts with Samsung Electronics for memory chips, Sandisk for flash storage, and Sumitomo Electric for fiber-optic equipment.

    Such supply agreements have taken on added importance as a shortage of memory chips has pushed some companies, including Apple, to raise prices. Analysts at Morgan Stanley have noted that rapid and significant price increases across memory and other chip categories have made what they call “chipflation” a broader economic concern.

    Sandisk declined to comment on the report. Samsung Electronics and Sumitomo Electric did not respond to requests for comment. Meta also declined to comment.

  • Citigroup Completes First Instant Cross-Border Dollar Payment With Partner Bank

    Citigroup Completes First Instant Cross-Border Dollar Payment With Partner Bank

    Citigroup has announced it successfully completed its first instant international dollar payment involving a partner bank, marking a significant step in cross-border financial transactions.

    The transaction was carried out by Phillip Securities Thailand, a client of Thailand’s Siam Commercial Bank. The company moved funds instantly in U.S. dollars from a Citigroup account located in the United Kingdom to a Siam Commercial Bank account in Thailand — all during the U.S. July 4th holiday weekend, according to a statement from Citigroup.

    Siam Commercial Bank is one of approximately 300 financial institutions that have been connected to Citi’s international instant payments network, which is designed to serve multinational clients through Citi’s Services division.

    Debopama Sen, Citi’s Head of Payments, noted that she is seeing increased interest from clients in making instant international transfers between accounts held at different banks.

    Within Citigroup’s own network, instant international transfers between company accounts already total around $1 billion every single day.

  • Palantir Fights London Police Contract Rejection in Court Over ‘Values’ Dispute

    Palantir Fights London Police Contract Rejection in Court Over ‘Values’ Dispute

    LONDON — American technology company Palantir has taken its fight to court after London’s mayor’s office blocked a major policing contract, with the firm arguing Thursday that the rejection improperly factored in its perceived “values and ethics.”

    The company had secured a two-year deal worth £50 million — roughly $67 million — with the Metropolitan Police. Under the agreement, Palantir’s artificial intelligence tools would have been used to automate certain police tasks and assist with evidence analysis in criminal cases.

    In May, the mayor’s office refused to sign off on the contract, telling the Met that the police force had failed to hold an open competitive bidding process before selecting Palantir.

    A spokesperson for London Mayor Sadiq Khan was also quoted in reports expressing concern that Palantir did not align with “London’s values” — a characterization the company has sharply criticized, calling it “putting politics above public safety.”

    Palantir’s attorney, David Pannick, argued in court that the Metropolitan Police “desperately needed technology in order to save money” and that the force believed the contract “would enable them to protect frontline services.”

    The Mayor’s Office for Policing and Crime pushed back in court filings, maintaining the contract was rejected because the Met failed to get prior approval for its procurement approach and only consulted a single supplier throughout the process.

    Judge Adam Constable ruled that a full trial of Palantir’s legal challenge will be held in January, turning down the company’s request to move the hearing to an earlier date later this year.

    Palantir’s ties to U.S. military and immigration contracts, along with the political views of billionaire co-founder Peter Thiel, have drawn increasing attention as European governments grow more cautious about relying on American technology platforms.

    The company is also facing scrutiny in Britain over a separate £330 million contract with the National Health Service, which is currently under review. A parliamentary committee recently described Palantir as having a “clear mismatch with UK values” and recommended invoking a break clause in that contract. Palantir’s British CEO Louis Mosley called that recommendation “irresponsible.”

  • Deutsche Bank Warns Dollar Faces Growing Risk as U.S. Shifts to Equity Funding

    Deutsche Bank Warns Dollar Faces Growing Risk as U.S. Shifts to Equity Funding

    A major financial institution is sounding the alarm about a significant change in how the United States funds itself — and what it could mean for the value of the American dollar.

    Deutsche Bank, in a note released Thursday, warned that the U.S. is now leaning more heavily on foreign investors buying shares in American companies than on purchases of U.S. government debt. According to the bank, this shift could make the dollar more unpredictable and riskier over time.

    The bank pointed to two key forces driving the change: geopolitical tensions that are pushing investors away from U.S. Treasury bonds, and the artificial intelligence boom that is drawing massive amounts of capital into U.S. stock markets.

    Deutsche Bank strategist Mallika Sachdeva explained the implications in the note to clients. “Demand for U.S. Treasuries has tended to be countercyclical, supporting the dollar in times of recession or risk asset correction. These diversification properties encouraged unhedged dollar exposure. A shift to more cyclical, retail-driven equity funding should make the dollar both more risky and more leveraged to AI,” she said.

    The stakes are high. The U.S. carries a current account deficit of roughly $1.12 trillion in 2025 and a trade deficit of around $1 trillion, making the steady flow of foreign investment critical to the government’s ability to keep itself funded.

    Sachdeva’s concerns align with those expressed earlier this year by Reserve Bank of Australia Deputy Governor Andrew Hauser, who said the move away from debt-based investment and toward equities signals a retreat from what he called the “exorbitant privilege” — the unique advantage the U.S. has long enjoyed because the dollar serves as the world’s primary reserve currency.

    Despite these warnings, the dollar has shown surprising resilience in recent months. The currency dropped nearly 10% last year, weighed down by uncertainty surrounding U.S. trade and foreign policy and the country’s mounting debt load. However, the dollar has since clawed back nearly half of those 2025 losses, buoyed by tensions stemming from the U.S.-Israeli war on Iran, expectations that the Federal Reserve will raise interest rates in the near future, and a flood of investment into domestic markets tied to the AI sector.

  • China Adds Diabetes Drug Semaglutide to National Essential Medicines List

    China Adds Diabetes Drug Semaglutide to National Essential Medicines List

    China has announced plans to add a second GLP-1 diabetes medication to its National Essential Drug List, requiring all public hospitals in the country to prioritize carrying it, according to a government statement released Thursday.

    As the world’s second-largest pharmaceutical market, China also holds the grim distinction of having the highest number of adults with diabetes globally, according to figures from the International Diabetes Federation.

    The drug in question is semaglutide, which will be added to the national essential medicines list under the insulin and blood glucose-lowering category, effective September 1. Currently, only the Ozempic brand version of the drug has received approval in China.

    Justin Wang, a partner at global strategy consultancy L.E.K. Consulting based in Shanghai, told Reuters the listing would ensure the medication reaches patients far beyond major cities. “We can expect semaglutide and other newly added NEDL drugs to become much more accessible across the country,” he said.

    Wang also noted that placing semaglutide on the essential drug list would “pave the way for generics to be broadly listed” once those generic versions receive approval in China. He added that semaglutide is the second GLP-1 medication to receive this designation, following liraglutide, an older drug in the same class.

    The government statement made no reference to obesity, a condition that some GLP-1 medications are also used to treat.

    Sales of Ozempic injector pens across mainland China, Taiwan, and Hong Kong — which together represent Novo Nordisk’s largest market outside the United States — declined 7% to roughly 5.4 billion Danish crowns, or approximately $853 million, in 2025. Novo Nordisk did not respond to a request for comment on whether the new listing was expected to boost revenue for the drug in China.

    The patent on semaglutide’s active ingredient expired in China in March, though the company retains regulatory data protection through early next year.

  • Swedish EV Brand Polestar Sees Sales Dip Following U.S. Market Ban

    Swedish EV Brand Polestar Sees Sales Dip Following U.S. Market Ban

    Swedish electric vehicle manufacturer Polestar announced Thursday that its second-quarter sales volumes dropped 4%, coming just weeks after the company was handed a ban from the U.S. market beginning with the 2027 model year — a blow that adds to its continuing challenge of reaching profitability.

    With global demand for electric vehicles remaining uncertain, Polestar has pivoted its strategy toward Europe, which represented 80% of the company’s total sales during the first six months of the year.

    The trouble in the U.S. market stems from a decision made by the U.S. Commerce Department in June, which denied Polestar authorization under the Connected Vehicles Rule. That rule restricts vehicles equipped with connected-vehicle technology that has ties to China.

    Because Polestar is majority-owned by China’s Geely Holding, the ruling effectively shuts the company out of the U.S. market from the 2027 model year onward. Notably, sister brand Volvo Cars was granted special authorization under the same rule about a month before Polestar’s denial.

    Despite the upcoming ban, Polestar said it plans to continue selling its existing Polestar 3 and Polestar 4 inventory in the United States, keep its service network accessible to customers, and carry on with used car sales.

    The ban also raises uncertainty about the future of the Polestar 3’s production, as it is the company’s only model currently manufactured in the U.S.

    For the second quarter, Polestar sold 17,296 vehicles, a decline from the 18,026 cars it sold during the same three-month period last year.

    Also on Thursday, competing automaker Porsche — known for its Macan and Taycan electric models — reported a drop in first-half deliveries, pointing to market pressure in China and the end of U.S. tax credits for electric vehicles as contributing factors.

    Facing pressure from tariffs, Polestar has chosen to update its existing lineup rather than introduce brand-new vehicles. Back in February, the company announced refreshed versions of its top-selling Polestar 2 and Polestar 4 models, with those updates expected to roll out over the coming year.

    The company had already reported a larger-than-expected first-quarter loss in May, as pricing pressures and U.S. tariffs canceled out gains from improved sales figures.

    Polestar CEO Michael Lohscheller offered a note of optimism, stating: “The first customer deliveries of Polestar 5 are set to start and production of the Polestar 4 SUV has started, with first deliveries expected during the fourth quarter.”

  • Cherry Rd. Lane Closures Between Ivy Ln. and Ridge Rd. Until 4PM

    Cherry Rd. Lane Closures Between Ivy Ln. and Ridge Rd. Until 4PM

    Drivers traveling along Cherry Road should be prepared for intermittent lane closures between Ivy Lane and Ridge Road as construction work continues in the area.

    The lane restrictions are expected to remain in place until 4:00 PM. Motorists are encouraged to allow extra travel time or consider using an alternate route to avoid potential delays.

  • PepsiCo Posts Better-Than-Expected Revenue Despite Softer North American Demand

    PepsiCo Posts Better-Than-Expected Revenue Despite Softer North American Demand

    PepsiCo turned in a stronger-than-anticipated second quarter, posting net revenue of $24.2 billion for the April through June period — a 6.4% increase that beat the $23.9 billion analysts surveyed by FactSet had predicted. The results came even as the company acknowledged that North American shoppers were watching their wallets more carefully due to economic uncertainty.

    Earlier this year, ahead of the Super Bowl in February, PepsiCo cut prices on several of its most popular chip brands — Lay’s, Doritos, Cheetos, and Tostitos — by as much as 15%. The move was a direct response to growing frustration among consumers who had endured years of price increases. That strategy helped lift snack sales in North America during the first quarter.

    The momentum didn’t carry into the second quarter, however. As gas prices climbed following the outbreak of war in Iran, North American snack sales volumes went flat, and beverage volumes dropped 4%. Consumer sentiment has improved modestly as pump prices pulled back, but the overall outlook among Americans remains largely pessimistic. Adding to the concern, renewed hostilities in Iran have pushed gas prices back up over the past two days.

    International markets offered a brighter picture. PepsiCo’s global snack volumes climbed 3% and beverage volumes grew 2%. The company credited World Cup-themed merchandise, including limited-edition Lay’s flavors such as Portuguese Chorizo and Onion, with helping drive those overseas gains.

    The Purchase, New York-based company said it plans to keep working on making its products more budget-friendly. PepsiCo is also responding to demand for healthier options — in March, it launched Gatorade Lower Sugar, a version of the sports drink that contains no artificial flavors or colors.

    On the bottom line, net income more than doubled in the second quarter, reaching $2.98 billion. Excluding one-time items, earnings came in at $2.18 per share, just a penny below the $2.19 analysts had anticipated.

    PepsiCo’s stock slipped less than 1% in premarket trading on Thursday following the announcement.

  • Lebanon-Israel Deal Sparks Civil War Fears as Hezbollah Disarmament Debate Erupts

    Lebanon-Israel Deal Sparks Civil War Fears as Hezbollah Disarmament Debate Erupts

    BEIRUT — A deal between Lebanon and Israel was presented as a path toward lasting peace, but inside Lebanon, it is reopening old wounds and stoking fears of political gridlock — or worse, a return to civil war.

    Brokered by the United States, the agreement envisions Israeli forces withdrawing from Lebanon and eventually a formal peace between two nations that have technically remained at war for nearly 80 years since Israel’s founding. However, the deal makes a full Israeli pullout contingent on Hezbollah being disarmed — a condition that has enraged the Iran-backed militant group.

    Lebanon’s Western-supported government and Hezbollah have traded sharp words, and the group’s backers have taken to the streets, blocking major roads in protest. One Hezbollah lawmaker warned that attempting to force the group to give up its weapons would push the country into civil war.

    The standoff has stirred painful memories of Lebanon’s brutal 1975–1990 civil war and more recent street clashes in 2008 between Hezbollah fighters and pro-government forces. It has also cast serious doubt on whether the U.S.-brokered framework can move forward at all.

    Any renewed conflict between the United States and Iran would further cloud the deal’s future and increase the chances of fighting breaking out again between Israel and Hezbollah.

    The agreement is expected to be front and center when Lebanese President Joseph Aoun visits the White House on July 21.

    Lebanon’s political landscape has been split for more than two decades — one side backed by Western nations, the other supported by Iran and led by Hezbollah. Both camps view the outcome of this new agreement as a matter of survival.

    The latest round of fighting between Israel and Hezbollah began in March, triggered by a joint U.S.-Israel military operation launched against Iran just days before. Hezbollah joined the conflict without the Lebanese government’s approval and has tried to tie the end of its fight against Israel to the outcome of broader U.S.-Iran negotiations. The Lebanese government, seeking to limit Iran’s sway, worked to keep the two issues separate and pursue a direct ceasefire with Israel.

    Hezbollah’s camp celebrated when the Iran-U.S. ceasefire deal explicitly called for an end to fighting in Lebanon as well. The resulting truce significantly reduced the violence, but Israeli troops still occupy large portions of southern Lebanon, and hundreds of thousands of people remain displaced from communities that have been nearly entirely destroyed.

    The ceasefire’s connection to the U.S.-Iran deal was widely interpreted as a win for Hezbollah and a boost to Iran’s grip on Lebanon.

    But the mood shifted when Lebanon and Israel unveiled their June 26 “framework agreement” in Washington. That deal tied an Israeli military withdrawal directly to Hezbollah being disarmed across all of Lebanon.

    Lebanese government officials praised the agreement as a step toward freeing occupied southern territories and letting displaced residents return home. Hezbollah and its allies, however, accused the government of signing off on an indefinite Israeli occupation, pointing to the lack of any withdrawal timeline.

    Hezbollah supporters blocked roads in Beirut and burned banners carrying the phrase “Lebanon First” — widely viewed as a jab at the Iran-backed group. Hezbollah’s leader, Naim Kassem, called the deal a “humiliation” and declared the group would not abide by it.

    Hezbollah legislator Hassan Fadlallah went even further, warning that the government “will not be able to enforce the agreement signed in Washington unless they go, with American support, to civil war.”

    That kind of language brought back memories of May 2008, when the government’s decision to dismantle Hezbollah’s communications network led the group to deploy gunmen in Beirut and elsewhere, sparking violent clashes with pro-government fighters. The government ultimately backed down. Now, Hezbollah is demanding that the government revoke its March 2 declaration that labeled the group’s military and security operations illegal.

    Lebanese Prime Minister Nawaf Salam has defended the agreement, saying it will restore the government’s authority across the entire country. He has pushed back firmly against Hezbollah’s warnings.

    “I am not looking for a confrontation with Hezbollah but neither myself nor anyone in the government will accept to be blackmailed by Hezbollah,” Salam said in a recent interview with local LBC TV.

    For now, the war of words has not turned physical — largely because the deal itself is stuck. Lebanon and Israel have agreed to set up two “pilot zones” where Israeli forces would hand control over to the Lebanese army after clearing out any Hezbollah presence. Prime Minister Salam has suggested implementation could begin soon, but little has actually happened on the ground.

    “There is no schedule for the withdrawal or anything else,” said a Lebanese military official who spoke anonymously because he was not authorized to make public statements. The official said the army has received no information about when or how the Israeli pullback would unfold.

    The initial pilot zones named by Lebanese and Israeli officials include the towns of Froun, Ghandouriyeh, and Zawtar — areas where Israeli troops were largely not present to begin with, raising questions about what a withdrawal would even look like there. The Lebanese military official said the army had pushed for larger pilot zones that included areas actually under Israeli control.

    An Israeli military official, speaking anonymously under briefing rules, said the army is still awaiting direction from political leadership on the timing of any withdrawal.

    Lebanon’s history is marked by political violence, but its sectarian power-sharing system — divided among Shiite and Sunni Muslims, Christians, and Druze — has also been prone to paralysis. Parliament Speaker Nabih Berri, a Hezbollah ally, has warned the deal “will not pass, and it will not be implemented in its current form.”

    Wissam Lahham, a constitutional law professor at St. Joseph University in Beirut, noted that under Lebanon’s constitution, a treaty does not become legally binding until it is ratified by a two-thirds majority of the Cabinet — a vote that has not been scheduled. He also said it remains unclear whether parliamentary approval would be required, adding another potential hurdle.

    In a speech Wednesday, Hezbollah leader Kassem sent a blunt message to the government: “Ultimately, not a single clause of the framework agreement will be approved, and there will be nothing you can do about it.”

    Michael Young, senior editor at the Malcolm H. Kerr Carnegie Middle East Center in Beirut, said the Lebanese government was right “in principle” to try to keep Lebanon’s situation separate from the Iran negotiations on sovereignty grounds — but that the approach was not realistic.

    “You cannot reach any kind of solution with regard to Hezbollah unless Iran is on board,” he said. “The Iranians will not give up on Hezbollah, and at the same time the Lebanese are not willing to enter into an armed conflict with Hezbollah.”

  • China’s Car Exports Surge 80% in June Fueled by Global EV Demand

    China’s Car Exports Surge 80% in June Fueled by Global EV Demand

    China’s passenger car exports saw a dramatic 80% increase in June compared to a year ago, with surging global demand for electric vehicles driving much of that growth — even as sales within the country fell by 26%.

    For the first six months of this year, Chinese passenger vehicle exports climbed 72%, reaching more than 4.4 million units, according to data from the China Association of Automobile Manufacturers.

    Despite the export boom, China’s home market remains larger overall. Domestic sales totaled nearly 8.3 million passenger cars from January through June, with roughly 1.5 million sold in June alone.

    Last month, China shipped approximately 905,000 passenger cars to overseas buyers, an increase from the 809,000 exported in May.

    The Chinese domestic auto market has been struggling under significant strain. Intense price competition among too many players, a prolonged downturn in the real estate sector squeezing household finances, and reduced government incentives for EV purchases have all combined to dampen consumer demand at home.

    Consultancy AlixPartners has projected that sales of light vehicles — including passenger cars — in China will likely decline by around 10%. Part of the reason, analysts say, is that some potential buyers may be holding off, waiting for prices to drop even further before making a purchase.

    Chinese automakers such as BYD have been aggressively expanding into international markets and establishing manufacturing facilities in key regions abroad. While this strategy can boost profitability, it has also created friction with trading partners.

    Stephen Chan, an analyst at S&P Global Ratings, said China’s passenger car exports could grow anywhere from 30% to 50% for all of 2026 compared to the prior year. Auto industry analysts have also suggested that higher gasoline prices resulting from the Iran war could spark greater worldwide interest in electric vehicles.

    AlixPartners recently projected that Chinese vehicle exports for 2026 could reach approximately 10 million units, up from around 7 million in 2025.

    Chinese car brands are also making headway in Canada, which approved an annual import quota allowing 49,000 EVs from China to enter at a reduced tax rate. Industry watchers are now wondering whether that arrangement could open a path toward the U.S. market, where steep tariffs have largely shut out Chinese electric vehicles.

    Last month, Sweden-based EV manufacturer Polestar — which is controlled by Chinese auto group Geely — announced that the U.S. Commerce Department has prohibited it from selling vehicles in the United States starting with the 2027 model year.

    Wei Haigang, president of automaker GAC International, addressed the global push at an auto expo held in Hong Kong in June, saying that expanding beyond China’s borders has “become a necessity” for the country’s automakers. “In China’s highly competitive environment, companies that don’t venture overseas will face immense difficulties in surviving,” he said.

  • Wisconsin Democratic Primary Tests How Far Left Voters Will Go in a Swing State

    Wisconsin Democratic Primary Tests How Far Left Voters Will Go in a Swing State

    MADISON, Wis. — Democratic socialists have been racking up wins recently in liberal strongholds like New York City, Washington, D.C., and Denver. Now the movement is setting its sights on Wisconsin — a very different kind of political battlefield.

    Francesca Hong, a 37-year-old single mother who has worked as a dishwasher and line cook, is running for governor in Wisconsin, a swing state where elections are frequently decided by razor-thin margins and moderate, independent voters carry enormous weight.

    Her candidacy has transformed the Democratic primary on August 11 into a real-world test of how far to the left voters are willing to move heading into the November general election.

    “We do this in Wisconsin, we’re going to change politics across the country,” Hong said as she entered the final month of her campaign. “People who are frustrated and have a lot more to lose — and I’m one of those people — are ready to coalesce around someone they can believe in.”

    At a retirement home where he lives, undecided independent voter John Ravdabaugh heard Hong speak and came away with a positive impression. Despite having reservations about the democratic socialist label, he said he would consider casting a vote for her.

    “Every system reaches a point where change is necessary,” Ravdabaugh said.

    The winner of the Democratic primary will almost certainly go on to face Republican U.S. Rep. Tom Tiffany in November. Tiffany, considered one of the most conservative members of the House and backed by President Donald Trump, faces only minimal opposition in his own primary.

    The governor’s race matters enormously for Democrats, who are hoping to gain full control of Wisconsin state government for the first time since 2010. The outcome could also send a broader signal about the direction of American politics in a state that plays a pivotal role in presidential elections.

    Tiffany has directed much of his criticism at Hong and fellow Democratic candidate and former Lt. Gov. Mandela Barnes. “This November, the choice is common sense or crazy,” Tiffany wrote on social media in June, sharing screenshots of Barnes expressing support for cutting prison populations in half and Hong’s posts calling for defunding and abolishing the police.

    Hong has not walked back those positions. She also supports raising taxes on wealthy individuals, establishing a state-owned bank to help fund free health care and child care, setting a $20 minimum wage, and placing a moratorium on data center construction.

    She pushes back against the idea that her politics are too extreme to attract independent voters in a state Trump carried twice and narrowly lost a third time.

    “I worry that’s a miscalculation of where voters are at in our state, that we’re underestimating what people want,” Hong said.

    Recent democratic socialist victories have been encouraging for the movement. Last month, Janeese Lewis George won the Democratic primary for mayor of Washington, D.C., positioning herself to win the office in November. Three congressional candidates supported by New York Mayor Zohran Mamdani, also a democratic socialist, defeated establishment-backed opponents. And just last week, Melat Kiros — a 29-year-old first-time candidate — pulled off a stunning upset over U.S. Rep. Diana DeGette in the Colorado primary, defeating an incumbent who had been in office longer than Kiros has been alive.

    But those wins came in congressional or mayoral contests in major urban areas — a very different environment from Wisconsin’s statewide political landscape.

    Wisconsin actually has deep historical ties to socialist politics. In 1910, during the height of socialism’s influence in the United States, Milwaukee sent the nation’s first socialist to Congress and became the first major American city to elect a socialist mayor. The city went on to elect two more socialist mayors before 1960.

    Vermont Sen. Bernie Sanders, arguably the most prominent democratic socialist in the country, carried all but one county in Wisconsin during the 2016 Democratic primary. In 2023, two state lawmakers from Milwaukee revived the Legislature’s socialist caucus, which had been inactive since 1935. Hong — the first Asian American elected to the state Assembly, in 2020 — is among the four members of that caucus.

    Also running in the Democratic primary is Mandela Barnes, 39, who spent four years in the state Assembly before serving four years as lieutenant governor under Democratic Gov. Tony Evers. In 2022, Barnes came within 27,000 votes of defeating Republican U.S. Sen. Ron Johnson. Barnes, who grew up in Milwaukee, is seeking to become Wisconsin’s first Black governor.

    “I’ve been around longer than anybody fighting these fights,” Barnes said. He downplayed the idea of a democratic socialist surge, adding: “People aren’t looking for labels, necessarily. People are looking for bold solutions.”

    Veteran Democratic strategist Joe Zepecki, who is not affiliated with any of the campaigns this cycle, sees Barnes as the frontrunner. “I have believed from the day since Mandela Barnes got into the race, he’s the favorite,” Zepecki said. “It is his race to lose.”

    Lt. Gov. Sara Rodriguez, a former nurse and health care executive also seeking the Democratic nomination, argues she would have the broadest appeal in a general election. She points to her private sector background, her success flipping a state Assembly seat in a conservative Milwaukee suburb, and her focus on reducing costs for working families.

    “I’m not worried about other candidates in this race,” Rodriguez said. “What I’m worried about is making my argument to Wisconsinites about why I’m the best person to lead the state, how I am going to fight for them.” She launched a $1 million television ad campaign this week showing her in nursing scrubs and focusing on taking on Tiffany and lowering health care costs.

    Other Democrats in the race include state Sen. Kelda Roys, who has the backing of the statewide teachers union, and Joel Brennan, a former senior aide to Evers. Missy Hughes, the state’s former economic development director, exited the race in June and threw her support behind Rodriguez. David Crowley, the top elected official in Milwaukee County, dropped out this week without endorsing anyone.

    Some moderate Democrats are concerned that nominating Hong could backfire in November, particularly given Wisconsin’s history of tight statewide races where independent voters are decisive.

    Neera Tanden, who leads the Center for American Progress, said “it’s especially important in the age of Trump” to field candidates who can actually win. “In Wisconsin, whoever wins the general election will be the person overseeing elections in 2028 and whether people are seated in 2029,” she said.

    The numbers underscore just how competitive Wisconsin is: Evers won his two gubernatorial races by just over one percentage point in 2018 and just over three points in 2022. Trump carried the state by less than a point in 2024 and lost it by less than a point in 2020.

    Dave Smith, a 72-year-old retired doctor from Madison who attended a Hong event Tuesday, said the democratic socialist label will be a hard sell for voters of his generation. “The platform, much of that resonates well,” said Smith, who remains undecided in the primary. “My vote will likely go to who is the most electable in the fall.”

  • Russian Couple Convicted of Spying for Moscow, One Tied to Parcel Bomb Plot

    Russian Couple Convicted of Spying for Moscow, One Tied to Parcel Bomb Plot

    Warsaw, Poland — A Russian man and woman have been found guilty of spying for Moscow and handed prison sentences by a Polish court, prosecutors announced Thursday. One of the two was also convicted in connection with a scheme involving an explosive package.

    The case comes amid heightened security concerns across Europe following a string of package explosions at courier facilities in Britain, Germany, and near Warsaw, Poland’s capital, in July 2024. European authorities have attributed those incidents to Russia, though Moscow has consistently rejected those claims.

    The male defendant, identified in court only as Igor R. in accordance with Polish privacy regulations, was convicted in the southern Polish city of Sosnowiec for his role in a plan to send a parcel bomb through a courier company.

    Both Igor R. and his wife, Irina, were also convicted of passing information to Russian intelligence services. That information concerned Russian opposition figures living in Poland, along with the people and organizations that were helping them.

    Igor R. received a seven-year prison sentence, while Irina was sentenced to three years behind bars.

  • EU Unveils Sanctions Plan to Combat Migrant Smuggling and Human Trafficking

    EU Unveils Sanctions Plan to Combat Migrant Smuggling and Human Trafficking

    BRUSSELS — The European Union introduced a sweeping new sanctions plan on Thursday designed to crack down on migrant smuggling networks, human trafficking, and organized criminal activity. If approved, the measures would allow authorities to freeze the assets and restrict the travel of those found responsible.

    European Commission President Ursula von der Leyen outlined the goal behind the effort, saying, “We all have a common goal. To drive them out of business. And to save the lives of thousands of people who dream of a better life.”

    She added, “We in Europe must be the ones to decide who comes to us and in what circumstances.”

    Before the sanctions framework can take effect, it must receive unanimous support from the European Council — a requirement that could prove challenging given ongoing disagreements among member nations over immigration policy.

    The proposal arrives at a time of heated debate across the EU over how to handle migration. Just last month, the European Parliament passed a broad overhaul of migration rules aimed at speeding up deportations and allowing for the creation of offshore detention facilities. That legislation has sparked pushback from countries including France and Spain, where critics contend the measures are too severe and could weaken protections for asylum seekers.

  • ASEAN Ministers Set to Meet Myanmar Counterpart in Bangkok This Weekend

    ASEAN Ministers Set to Meet Myanmar Counterpart in Bangkok This Weekend

    Foreign ministers from the Southeast Asian regional bloc ASEAN are set to hold an informal meeting with their Myanmar counterpart in Bangkok on July 12, according to statements from Thailand and Vietnam issued on Thursday.

    The gathering takes place as Myanmar’s newly formed army-backed government — which came to power following an election earlier this year — pushes for the removal of a ban that has kept its leaders out of ASEAN summits. That ban was put in place after Myanmar’s military seized power in a 2021 coup, which sparked a civil war that continues to this day.

    Vietnam’s foreign ministry spokesperson Pham Thu Hang addressed the meeting during a press briefing, saying: “The meetings in Bangkok is an opportunity for ASEAN foreign ministers to directly exchange views, strengthen cooperation, and promote reconciliation dialogue in Myanmar.”

    Thailand’s foreign ministry also confirmed the meeting, listing it in the schedule for a routine press conference.

    The ongoing conflict in Myanmar has taken a devastating toll on the already impoverished country. A wide range of armed groups are fighting against the military, and the violence has killed more than 100,000 people while forcing millions from their homes.

    At an ASEAN summit held in May, the bloc’s foreign ministers agreed to conduct a virtual meeting with Myanmar’s top diplomat, though no specific date was set at that time. The agreement came after Thailand pushed for deeper engagement with the new administration based in Naypyitaw.

    The 11-member ASEAN had previously distanced itself from Myanmar’s military rulers after they failed to follow through on the bloc’s peace framework, known as the “five-point consensus.” However, a number of member states have since shifted their positions and moved toward greater engagement.

    Myanmar’s former junta leader turned president, Min Aung Hlaing — who orchestrated the 2021 coup — recently made a state visit to Laos, marking his first trip to an ASEAN member country since transitioning into his new civilian role.

  • Russia Plans Mid-July Launch of Commercial Hub at Syrian Naval Port

    Russia Plans Mid-July Launch of Commercial Hub at Syrian Naval Port

    Russian officials are hoping to have a commercial logistics hub operational by mid-July at one of two berths within the naval base Russia leases at the Syrian port of Tartous, according to Syrian officials who spoke with Reuters. The remaining berth would continue to serve Russian military purposes.

    The facility is expected to handle a broad array of Russian products, including wheat, grains, animal feed, vegetable oils, timber, steel, coal, rice, sugar, and mineral oils. Organizers are targeting initial cargo volumes of roughly 250,000 tons each month.

    The effort reflects Russia’s push to hold onto and grow its footprint in Syria through economic means, after the 2024 overthrow of former President Bashar al-Assad left Moscow without its closest partner in the Middle East.

    The stakes go well beyond commerce. Washington is actively working to ensure Syria steers contracts toward American companies and pulls back on Russia’s military presence in the country.

    Russia has supported Syria for decades and sent its military forces in 2015 to back Assad during a 14-year civil war. Assad’s removal cast doubt on the future of Russia’s lease agreement for its naval base at Tartous along the Mediterranean coast, as well as its military base at Hmeimim, located southeast of the city of Latakia.

    Since Assad was removed from power, Syria’s new government has been building closer relationships with Western and Gulf nations, while still working with Moscow on energy, food imports, and military matters.

    Negotiations between Moscow and Damascus over the future of the Tartous and Hmeimim bases are currently ongoing.

    Earlier in 2025, Syria’s new leadership cancelled a 49-year contract that had given Russian firm Stroytransgaz rights to develop commercial facilities at Tartous. The United Arab Emirates’ DP World then secured an $800 million, 30-year agreement to redevelop and operate the port.

    Despite that, on June 6, the Russian-Syrian Business Council — a body operating under Russia’s Ministry of Industry and Trade — announced intentions to set up an “assembly and distribution centre for Russian goods” at Tartous.

    The project is being developed by Syrian logistics firm Rus Line in partnership with Russian companies working through the Russian-Syrian Business Council. Organizers say they have reached an agreement with Syria’s Sovereign Fund for joint management of the logistics center, creating a direct connection to the state’s primary investment body.

    Ossama Ajaj, general manager of Rus Line and an adviser to the Russian-Syrian Business Council, confirmed the range of goods the hub would handle. Jinan Mubadda, Rus Line’s chief executive, said the hub would operate from Pier No. 4 at Tartous port, in what Ajaj described as a “restricted zone” within the naval base.

    Syria’s ports and customs authority did not respond when contacted for comment.

    Russia’s government also declined to comment. However, Foreign Ministry spokeswoman Maria Zakharova said in June that Moscow and Damascus were discussing a potential “reformatting” of Russia’s military facilities in Syria and that cooperation between the two nations was actively moving forward.

    Ajaj told Reuters that operations were expected to kick off in mid-July with a 30,000-ton grain shipment, and that Russia would maintain a “reduced military presence.”

    Ajaj and two Syrian foreign ministry officials said the project was laid out during a January 28 meeting in Moscow between Syrian President Ahmed al-Sharaa and Russian President Vladimir Putin. Those officials described the meeting as a turning point in efforts to revive economic ties between the two countries.

    The project aims to establish a regular shipping route between Russia’s Black Sea port of Novorossiysk and Tartous, from which goods would be distributed throughout Syria and into neighboring countries. Ajaj identified Iraq and Jordan as the primary target markets, with Saudi Arabia, Kuwait, Qatar, and Bahrain also in focus.

    A concept document from May, prepared by the Russian-Syrian Business Council, said the project would use Syrian private security companies to protect cargo when needed, explicitly ruling out the use of Russian security firms.

    The planned hub would add to Russia’s already considerable economic role in Syria. Syrian customs documents show that roughly 85% of Syria’s imported wheat — approximately 2.9 million tons for the 2025-26 season — comes from Russia and Russian-occupied Crimea. Reuters has also reported that Syria’s dependence on Russian crude oil has grown since Assad’s fall, with the country receiving about 16.8 million barrels of Russian oil in 2025 and an estimated 60,000 barrels per day in the early months of 2026.

    An intelligence source briefed on a confidential report from Russia’s military intelligence agency, the GRU, submitted to the Russian presidential administration in December 2025, said the report recommended boosting support for economic actors who could strengthen Russia’s leverage in Syria. The report identified Louay Youssef, head of the Russian-Syrian Business Council, as someone Moscow could count on to advance that strategy.

    Youssef has held multiple senior roles in Russian-Syrian organizations and served as an adviser on Syrian affairs to a deputy defence minister, according to two of his associates. Youssef, who has announced he is now an adviser to the defence and security committee of Russia’s Federation Council — the country’s upper house of parliament — did not respond to requests for comment.

    Nanar Hawach, a senior Syria adviser at International Crisis Group, said the project could help Russia preserve influence regardless of what ultimately happens with its military presence.

    “Russia’s hold on Syria rests on what it supplies and maintains, and on its (United Nations) Security Council vote, which gives it influence that outlasts any drawdown of troops,” Hawach said. “A logistics role reinforces that by keeping Russia physically present at the port, strengthening its hand while the future of the base is being decided.”

    The United States is keeping a close watch on the situation. Congressman Joe Wilson recently secured an amendment to the Pentagon budget directing it to evaluate options for reducing Russia’s influence in Syria and pushing for the withdrawal of Russian forces from Tartous and Hmeimim.

    “We closely monitor Russian-backed commercial and logistics projects in Syria and are concerned that such initiatives may not contribute to stability in the country,” a U.S. State Department official said in response to questions from Reuters.

    The official added that the U.S. is urging Syria to work with “trusted corporate partners — especially U.S. firms” as the country rebuilds after years of civil war, and is pressing Damascus to honor U.S. sanctions against Russia.

  • Hugo Boss Tells Shareholders to Turn Down Frasers Group’s $2.3B Takeover Bid

    Hugo Boss Tells Shareholders to Turn Down Frasers Group’s $2.3B Takeover Bid

    Hugo Boss is calling on its shareholders to reject a €2 billion — roughly $2.3 billion — takeover offer from Britain’s Frasers Group, with the German fashion label declaring the bid “financially inadequate.”

    The offer, which comes in at €38 per share, represents only a 4.3% premium over the stock’s price when Frasers announced the bid. Hugo Boss says that price reflects the legally required minimum for Frasers to increase its ownership stake — not the true value or future potential of the brand.

    “Hugo Boss has a well-defined strategy, a strong financial profile, and a compelling path to superior long-term value creation,” said CEO Daniel Grieder in an official statement.

    Hugo Boss shares were relatively flat near the €38 mark as of around 1000 GMT on Thursday. The stock had briefly surged in early June when Frasers first made its move, but it still sits roughly 50% below where it traded in July 2023.

    Felix Jonathan Dennl, an analyst at Frankfurt-based Metzler, described the offer as “highly tactical” and said it was “destined to face stiff resistance.” He noted that Hugo Boss management had the support of two independent financial institutions and a clear mandate to push back against the bid.

    Grieder took the helm at Hugo Boss five years ago with ambitions to transform it into a top-tier global fashion brand. However, those expansion plans ran into headwinds when post-pandemic consumer spending slowed sharply as inflation climbed.

    The company fell short of Grieder’s goal to return to pre-pandemic profit margins by 2025, and it reported a 1% decline in sales last year — a drop the company attributed to sluggish consumer demand in Britain and China.

    Last December, Hugo Boss lowered its 2026 operating profit forecast and unveiled a new strategic roadmap stretching through 2028, which it has branded “Claim 5 Touchdown.” The plan focuses on improving store efficiency, growing faster-moving product lines like shoes and accessories, and expanding its presence in womenswear.

    Frasers currently holds about 26% of Hugo Boss and launched the bid in an effort to push its stake above 30% — the threshold under German regulations that triggers a mandatory full takeover offer to all remaining shareholders.

    Analysts at Citi described the offer price as “less a statement of valuation and more the mechanical extension of an accumulation strategy.”

    Dennl also pointed out that Frasers’ low-premium approach keeps its options open, allowing the company to continue building its stake without setting off a new formal bid requirement.

    “While Hugo Boss’ management successfully held the line today, the pressure has intensified on CEO Daniel Grieder to demonstrate that the ‘Claim 5 Touchdown’ strategy can restore both top- and bottom-line growth in an increasingly volatile retail environment,” Dennl said.

  • Midtown Manhattan Building Structural Failure Causes Traffic Chaos

    Midtown Manhattan Building Structural Failure Causes Traffic Chaos

    A structural emergency in Midtown Manhattan is still causing major disruptions as workers carry out repairs and conduct inspections at an affected building.

    The area around the building was cleared out earlier this week after authorities determined the structure was in danger of collapsing. Officials have been working to address the problem since the evacuation was ordered.

    Traffic in the surrounding area remains heavily impacted as the repair and inspection work continues at the site.

  • PepsiCo Tops Revenue Expectations But Warns of Consumer Budget Strain

    PepsiCo Tops Revenue Expectations But Warns of Consumer Budget Strain

    PepsiCo reported stronger-than-expected second-quarter revenue on Thursday, with growing consumer interest in salty snacks and zero-sugar soft drinks helping the beverage giant outpace analyst projections.

    Despite the solid quarterly showing, the company acknowledged that rising inflationary pressures are tightening household budgets across North America, putting a damper on its overall growth momentum. PepsiCo chose to leave its annual forecasts in place.

    “Results were tempered in the quarter as U.S. food and beverage category performance moderated with consumer budgets tightening due to rising inflationary pressures,” CEO Ramon Laguarta said in prepared remarks.

    The company posted quarterly revenue of $24.18 billion, a 6.4% jump compared to the same period last year. Analysts had projected a 5.4% increase, putting expected revenue at $23.95 billion, according to figures compiled by LSEG.

    Looking ahead, PepsiCo said it expects fiscal 2026 organic revenue growth to land somewhere between 2% and 4%. The company also projected that its fiscal 2026 core constant currency earnings per share would increase in the range of 4% to 6%.

  • Honeywell Aerospace Expands Defense Products Designed to Bypass US Export Rules

    Honeywell Aerospace Expands Defense Products Designed to Bypass US Export Rules

    U.S. aerospace supplier Honeywell Aerospace is expanding its lineup of defense products built without restricted American technologies, responding to growing European demand for components that won’t be held up by U.S. export rules.

    NATO leaders gathered in Turkey this week, where they announced arms agreements worth tens of billions of dollars. The meetings came amid pressure from the United States for European nations to shoulder more of the burden for their own defense, as well as ongoing concerns stemming from Russia’s war in Ukraine.

    Later this month, the world’s largest air show is expected to bring together European defense companies and North American suppliers to discuss the growing appetite for parts not subject to U.S. International Traffic in Arms Regulations, commonly known as ITAR.

    Defense officials and industry executives say European nations are increasingly seeking ITAR-free systems out of concern that Washington could block the re-export of sensitive American components built into foreign-made weapons.

    According to a source who spoke with Reuters, Honeywell Aerospace plans to unveil a new ITAR-free product aimed at the international defense market at the Farnborough Airshow in Britain later this month.

    The Arizona-based company declined to comment on any upcoming announcement. However, CEO Jim Currier told Reuters in a late June interview that the company has assigned roughly 1,000 engineers across Poland and the Czech Republic specifically to design technologies free from ITAR restrictions.

    Currier described the company’s approach to operating in Europe by saying, “Part of it is looking, acting, feeling and speaking like a European company.”

    He added that the engineers at the company’s European subsidiary have a clear focus: “Their main mantra, and drive and edict is to design non-ITAR technology for … local strategy.”

    This push comes as American companies, including drone manufacturers, have been growing their footprints across Europe. This week, the U.S. also floated plans for a new missile maintenance facility on the continent, and two defense contractors discussed the possibility of producing ATACMS ballistic missiles in Germany for the first time.

    Honeywell Aerospace anticipates its defense business will see more of its revenue come from international sources. Defense currently makes up about 40% of the company’s total revenue and includes products such as navigation systems and missile actuators. International sales represented roughly 30% of its defense business last year, up significantly from around 18% in 2020.

    Currier said the company is leveraging its global reach to expand ITAR-free navigation technology gained through its 2024 purchase of Italy’s Civitanavi. “That has been the playbook. We are developing non-ITAR technologies for use in the EU and overseas for our partners in the Asia-Pacific region, like Japan and Korea,” he said.

    While European demand for ITAR-free components is not new, rising geopolitical tensions between the U.S. and its NATO allies have intensified calls for such technology.

    Canada’s government said it became aware of heightened demand from European defense firms for North American suppliers free from U.S. ITAR restrictions during last year’s Paris Air Show. That demand has since pushed Canada to seek deeper integration into European defense supply chains.

    Michael Iacovelli, CEO of Toronto-area aerospace and defense parts supplier Ben Machine Products, said more than half of his company’s work now requires ITAR-free status at the client’s request — a stark contrast to 2018, when none of its work carried that requirement.

  • European Media Giant MFE Plans Single Streaming Platform Across Multiple Countries

    European Media Giant MFE Plans Single Streaming Platform Across Multiple Countries

    European broadcaster MFE-MediaForEurope is preparing to combine its streaming operations into a single unified platform across all the countries where it does business, according to the company’s chief executive.

    MFE has operated television networks in Italy and Spain for many years and last year took over German broadcaster ProSiebenSat.1 in a bid to expand its footprint across Europe.

    At a press conference held at the company’s headquarters near Milan on Wednesday, Chief Executive Pier Silvio Berlusconi outlined the plan to merge the best elements of MFE’s existing streaming technology into one platform.

    “The front end will be the Italian one, while the supporting technology will be the German one,” Berlusconi said, noting that the platform launch is scheduled to begin in January.

    ProSiebenSat.1 currently operates an ad-supported streaming service called Joyn, while MFE has built its Infinity platform for use in Italy and Spain.

    Despite the technical unification, Berlusconi stressed that content would still be tailored to local audiences in each country rather than following a one-size-fits-all model.

    “We are not an international fast-food chain,” he said.

    “We cook up live programmes designed for individual countries. We have to do that with products that are born on television and then move on to digital platforms,” said Berlusconi, who is the son of the late Italian Prime Minister Silvio Berlusconi.

    The acquisition of ProSiebenSat.1 also gave MFE a presence in the Austrian and Swiss markets. The company additionally expanded into Portugal by acquiring a stake in media firm Impresa.

    On the financial side, Berlusconi reported that MFE has already realized €160 million in integration benefits this year from the ProSiebenSat.1 deal, well ahead of pace toward the company’s four-year target of €261 million to €315 million set in 2025.

    However, the CEO sounded a cautious note regarding advertising revenue, saying that ad sales in Italy — the company’s strongest-performing market — actually declined during the first half of the year, though he expressed hope for a rebound in the months ahead.

    Berlusconi also said ProSiebenSat.1 will continue trimming its portfolio of digital businesses, particularly in e-commerce. The company has already sold six businesses in that space, though it plans to hold onto perfume retailer Flaconi, which he described as profitable and cash-generating.

    He acknowledged the ongoing portfolio reduction would put some pressure on revenue this year but said it should help strengthen profit margins over time. He also ruled out any new acquisitions in the near term, saying the priority right now is executing the current strategy and completing the integration process.

  • Left Lane Closed on Old Orchard Rd Southbound Until 5 PM

    Left Lane Closed on Old Orchard Rd Southbound Until 5 PM

    Drivers heading southbound on Old Orchard Road should be aware of a lane restriction currently in effect due to ongoing construction work.

    The left lane between East Edgemoor Street and East Chesapeake Street is closed, according to traffic officials. The closure is scheduled to remain in place until 5 PM.

    Motorists traveling through that stretch are encouraged to allow extra travel time or seek an alternate route to avoid potential delays.

  • Congo Ebola Death Toll Hits 600 as Virus Spreads to New Areas

    Congo Ebola Death Toll Hits 600 as Virus Spreads to New Areas

    The Democratic Republic of Congo’s ongoing Ebola crisis has grown more alarming, with the government reporting that the death toll has climbed to 600 and that suspected cases have now appeared in parts of the country that had been untouched by the outbreak until now.

    In its most recent update, released late Wednesday, the Congolese government said two new suspected cases were identified in Kisangani, located in the Tshopo province — a region where Ebola had not previously been recorded. Confirmed cases across the country have now totaled 1,759.

    Officials noted that one of the two suspected cases appears to be connected to the Nia-Nia health zone in Ituri province, where the outbreak first emerged. The second case, however, “has no apparent geographical connection to known outbreaks,” according to the government report. Authorities are actively investigating both cases.

    Congo’s government officially declared this new Ebola outbreak on May 15, following weeks during which the disease had been spreading without being officially detected, the World Health Organization reported. This particular outbreak is being driven by the rare Bundibugyo virus strain, for which there is currently no approved vaccine or treatment available.

    Last week brought a measure of hope, as researchers launched highly anticipated clinical trials aimed at finding an effective treatment for the virus.

    Despite those efforts, containing the outbreak has proven difficult. Health officials continue to face a significant funding shortfall, attacks targeting medical facilities, and an ongoing armed conflict in eastern Congo, which sits at the heart of the crisis.

  • China Fires Ballistic Missile Into South Pacific in Message Aimed at US

    China Fires Ballistic Missile Into South Pacific in Message Aimed at US

    BANGKOK (AP) — China’s military fired a ballistic missile into the South Pacific Ocean on Monday in a rare demonstration of its nuclear-capable weapons systems, triggering international backlash and raising alarms across the region.

    The test came two years after a similar launch in international Pacific waters and was carried out by the People’s Liberation Army. While small island nations in the area took notice — with their leaders increasingly pushing back against larger countries using the Pacific as an arena for power plays — analysts say the real audience for this display was Washington.

    “The most important message is the PLA is becoming a powerful military with a very strong strategic nuclear capability,” said Tong Zhao, a senior fellow with the Nuclear Policy Program at the Carnegie Endowment for International Peace, a think tank.

    The missile was fired from a nuclear-powered submarine, showcasing the sea-based component of China’s nuclear triad — a military term for having nuclear weapons deployable from land, sea, and air. Dominic Meagher, a research fellow at the Crawford School of Public Policy in Australia, noted that the test also proved China has what military experts call a second-strike capability, meaning the country could still retaliate even if it were attacked first, since its submarines can launch from anywhere in the ocean.

    Beijing characterized the launch as part of routine annual exercises, hinting that similar tests could follow in the future.

    “I would see this as a systematic move, not an isolated event,” said K. Tristan Tang, Nonresident Fellow at the National Bureau of Asian Research, in written comments.

    The missile test is occurring alongside China’s rapid expansion of its nuclear-powered submarine fleet. Over the past five years, China has been constructing these vessels at a faster pace than the United States, according to a report from the International Institute for Strategic Studies, a think tank.

    The choice of international waters — specifically waters shielded by treaty from nuclear testing — drew condemnation from countries throughout the region. The South Pacific is a contested space, valued for its strategic location and its abundant fisheries and mineral resources.

    For Pacific island nations, nuclear activity in the region carries deep historical wounds. The United States, the United Kingdom, and France all conducted nuclear weapons detonations in the Pacific in decades past, leaving behind environmental damage and serious health consequences including cancers and birth defects that some island communities say are still being documented generations later.

    “Those tests resulted in outrage and resulted in treaties to prevent future tests, and that includes the nuclear test ban treaty and the Treaty of Rarotonga,” Meagher said. “These kinds of missile tests haven’t been conducted since.”

    Monday’s missile came down within the South Pacific Nuclear Free Zone, a region established under the 1986 Rarotonga accord, which bans nuclear weapons throughout the area. China ratified related protocols in 1987, committing not to test nuclear weapons within the zone or threaten to use them against nations with territory there.

    Solomon Islands Prime Minister Matthew Wale, speaking to reporters in the Solomon capital Honiara on Tuesday, put it bluntly: “China is a good friend of Solomon Islands, but this is not something a friend does. This is not … good in our region.”

    While the United States does carry out nuclear missile tests in the Pacific, it steers clear of the treaty-protected zone, according to Meagher.

    Australia and New Zealand both said they received inadequate advance warning before the launch, and Japan criticized the lack of transparency. Both Australia and New Zealand are major powers in the South Pacific and have grown increasingly uneasy about China’s efforts to expand its influence across the region.

    China’s bilateral agreements with leaders of smaller Pacific nations have prompted Australia’s Prime Minister Anthony Albanese to pursue his own diplomatic outreach, including defense and security agreements signed with Vanuatu, Fiji, and Papua New Guinea over the past year.

    Speaking to reporters in Honiara on Tuesday, where he was holding talks with local officials, Albanese called the launch “a provocative act by China which does destabilize the region.” Australia and the Solomon Islands are currently working toward a comprehensive treaty of their own. “The fact that this test took place yesterday with very little notice is of real concern,” he added.

    China pushed back against the criticism, insisting it gave proper advance notice to affected countries. “China informed the relevant countries in advance, which demonstrates the openness and transparency of the Chinese military,” its Defense Ministry stated on Tuesday.

    Experts point to the Hague Code of Conduct as the closest thing to an international standard for ballistic missile use, requiring at least 24 hours of advance notice — though that code is not legally binding. Tang also noted that China is not a member of the Hague Code of Conduct.

    Questions remain about the exact details of the launch. The People’s Liberation Army rarely releases information publicly, but Taiwan’s National Security Council secretary-general said Wednesday that the weapon was a JL-2 missile, an older submarine-launched ballistic missile, fired from waters near Guangdong, a province in southern China. Chinese state media, however, featured military experts suggesting it was more likely the newer JL-3, which can travel farther. “The JL-3’s range can strike a target on the east side of the Pacific from the west side,” said Shao Yonglin, a military expert interviewed by state broadcaster CCTV.

    As China’s military continues to grow, analysts say it should expect greater international oversight. If “China wants to become a major military power, it should be put under the same standards” as countries like the United States, the United Kingdom, and France, said Zhao, the nuclear policy expert.

  • France’s Nvidia Antitrust Investigation Approaching Its Conclusion

    France’s Nvidia Antitrust Investigation Approaching Its Conclusion

    PARIS — France’s competition authority announced Thursday that its investigation into semiconductor giant Nvidia Corp is approaching its final stages.

    The agency has been examining the chipmaker over allegations that it engaged in practices designed to stifle competition in the market.

    Umberto Berkani, the general rapporteur for the French competition authority, confirmed the development to reporters on Thursday. “We are nearing the end of the investigation,” he said.

  • SpaceX IPO and AI Boom Send Tech Investors Rushing to Buy Private Jets

    SpaceX IPO and AI Boom Send Tech Investors Rushing to Buy Private Jets

    An aviation attorney in Cleveland had to cancel her annual vacation last month — not because of travel troubles, but because she was swamped with paperwork. A flood of newly wealthy tech investors, flush with money from SpaceX and artificial intelligence startups, have been lining up to buy private aircraft, keeping her buried in purchase agreements.

    The attorney, Amanda Applegate, says the rush stems from a series of major “liquidity events” in the technology world. SpaceX’s initial public offering raised a record $85.7 billion for the company — which also holds an ownership stake in AI firm xAI — creating enormous wealth for founders and employees. AI companies Anthropic and OpenAI are also being watched closely as potential candidates for major upcoming stock market debuts.

    Venture capitalists, early employees, board members, and bankers tied to these anticipated IPOs are funneling their new fortunes into private aviation, making the industry one of the earliest winners of the AI wealth wave. Luxury travel companies have increasingly been targeting tech entrepreneurs, anticipating a fresh wave of billionaires emerging from the sector.

    “I think there are many more people who can afford to travel privately, and that number seems to grow daily,” Applegate said. Her firm, Soar Aviation Law, which specializes in aircraft purchases and agreements, has seen business jump 25% so far this year.

    For most people, private aviation begins with a membership or shared-ownership arrangement before they eventually move into owning an aircraft outright. According to data from aviation intelligence firm Jetnet, flights through shared-ownership programs increased 11.8% worldwide in the first five months of 2026 compared to the same stretch in 2025. Flights by private jet owners climbed even more — up 13.4% — as frustrations with commercial airline travel continue to grow.

    Historically, major moments of wealth creation — whether stock market booms, mergers, or IPOs — have reliably pushed up demand for private aviation. During the dotcom boom, for example, business jet deliveries rose 24%, according to Jetnet. Analysts see a similar pattern playing out now, fueled by SpaceX’s roughly $2 trillion market valuation and the anticipation surrounding future tech IPOs.

    Cleveland-based private aviation company Flexjet, which offers fractional jet ownership, leasing, and prepaid flight memberships, says it is seeing a younger customer base emerge. “Self-made first-generation wealth, like those set to benefit from these tech IPOs, is resulting in a Flexjet customer base that is younger,” said D.J. Hanlon, the company’s executive vice president of sales.

    Even before these companies officially go public, many investors are already spending as if the money is in hand. “The past six to 10 months, I’ve had a handful of guys that are involved in SpaceX with money burning a hole in their pocket,” said a California-based aircraft broker who asked not to be named due to client confidentiality.

    A decade ago, tech clients made up about one-fifth of that broker’s business. Now they account for roughly three-quarters of it — and they are moving quickly on scarce new luxury aircraft. “I have sold planes last year that I could sell for 10% to 15% more today,” the broker said.

    San Francisco, home to both Anthropic and OpenAI, saw the fastest growth in business-jet traffic among major U.S. cities, with flights up about 11% year-over-year through June 14, according to WINGX, a Jetnet company. Near SpaceX’s launch site in Brownsville, Texas, business jet traffic spiked 177% — reaching 97 flights — during the company’s IPO window.

    The boom is also reaching more entry-level private aviation products. Jet Linx, which provides aircraft management and jet-card memberships, reported its business was up 60% year-to-date through May. The company saw particularly strong growth in Texas, with jet-card membership sales rising sharply in San Antonio, Dallas, and Austin. Memberships start with either a one-time fee of $17,500 or an upfront deposit of $250,000.

    “We frankly knew that we would do better year-over-year, but these numbers are far ahead of the expectations we had going into 2026,” said Jet Linx CEO Jamie Walker.

    Charter company Mercury Jets also reported double-digit growth in demand from technology executives since the beginning of the year. After the SpaceX IPO, the company began receiving inquiries from first-time private flyers, according to Director of Charter Sales Ryan DeBruyne. Hourly charter rates range from about $1,500 to $18,500, while purchasing a jet outright can cost anywhere from $6 million to $70 million depending on the aircraft.

    “People are starting to spend their money because they know it’s coming,” the California broker said. “I’ve had probably three clients related to SpaceX that are saying, ‘Let’s find something.’”

  • Trump’s Food Survey Cut Could Hide Rise in U.S. Hunger, Experts Warn

    Trump’s Food Survey Cut Could Hide Rise in U.S. Hunger, Experts Warn

    A decision by President Donald Trump to eliminate a key government food security survey could leave the nation flying blind when it comes to measuring hunger — particularly as millions of Americans lose access to food stamp benefits.

    Trump’s tax and spending legislation, signed into law last July, made sweeping changes to the Supplemental Nutrition Assistance Program, commonly known as SNAP or food stamps. The law shifted a significant portion of SNAP costs to individual states and broadened work requirements for recipients, among other changes.

    Since those changes took effect, approximately 4.7 million people — roughly 11% of all SNAP participants — have lost their benefits. That number is expected to climb as states continue rolling out the new rules.

    Last September, Trump canceled a U.S. Department of Agriculture survey that had been tracking household food security for three decades. The survey measured whether families had reliable access to enough food to maintain a healthy lifestyle.

    At the time of the cancellation, the USDA described the survey in a press release as “redundant, costly, politicized, and extraneous.”

    But Craig Gundersen, an economist at Baylor University, described that same survey as the “gold standard” for understanding food access in America.

    Experts say that without the data the survey provided, determining whether Trump’s SNAP reductions are pushing more people into hunger will be extremely challenging.

    “It’s definitely going to be a void in information on prevalence of food insecurity,” said Michele Ver Ploeg, a senior fellow at the nonprofit National Center for Food and Agricultural Policy, who previously served at USDA’s Economic Research Service, including as head of its food assistance branch.

    A USDA spokesperson responded that both the federal government and certain states continue gathering hunger-related data through other means, and argued that the number of SNAP recipients does not directly reflect food insecurity levels.

    However, previous USDA-supported research found that increases in SNAP benefits reduced food insecurity among low-income households, while benefit cuts were linked to higher rates of food insecurity. The White House did not respond to a request for comment.

    Nothing Quite Comparable

    From 1995 through 2025, the USDA paid the Census Bureau to conduct an 18-question food security survey as part of its broader Current Population Survey. The questionnaire asked things like whether anyone in a household had skipped meals in the past year due to lack of food, or whether they couldn’t afford to eat balanced meals.

    While organizations like the Urban Institute and the University of Southern California collect some food security data, Ver Ploeg said “the bottom line is there’s nothing quite comparable” to what the USDA survey provided.

    Parke Wilde, a food economist at Tufts University, noted that food banks and nonprofits may release their own survey findings, but those won’t carry the same weight. “It’s not like nobody is going to be reporting relevant statistics; it’s just that the statistics that they report won’t be as good,” Wilde said.

    Hunger Already on the Rise

    The final edition of the USDA survey, published last December, found that 13.7% of U.S. households experienced food insecurity at some point during the year — the highest level in a decade, capping several years of worsening numbers. The report did not identify causes for the increase, though other research has pointed to the end of pandemic-era food assistance programs and rising inflation.

    Matthew Rabbitt, a visiting scholar at Cornell University who worked on the survey at USDA and oversaw its final three years of publication, said policymakers have now lost a critical tool for responding to hunger.

    “If we don’t have measures of food insecurity at this point, we can’t make informed policy decisions,” Rabbitt said.

    He added that tracking child hunger will be especially difficult going forward, since other available surveys don’t capture comparable data on children. “We’re no longer monitoring child food insecurity in the U.S.,” he said.

    States and Congress Push Back

    Some states and lawmakers are working to fill the gap. In March, Maine became the first state in the country to pass a law requiring an annual statewide food insecurity survey.

    Maine had previously relied on the USDA survey to measure its progress toward a goal of ending hunger by 2030. Jackie Farwell, a spokesperson for Democratic Governor Janet Mills, said the cancellation of the federal report means states can no longer compare their progress to national figures or other states.

    “The Trump Administration’s cancellation of the report means states are no longer able to measure progress against the national average and fellow states,” Farwell said in an email.

    Farwell said the governor’s office is collaborating with nonprofits and national experts to produce a statewide hunger report by early 2027.

    At the federal level, Democrats in Congress have introduced legislation to bring the USDA survey back. Democratic Senator Lisa Blunt Rochester, a co-sponsor of a Senate bill to revive the survey, said Trump’s SNAP cuts combined with the survey’s elimination “have weakened federal efforts to address food insecurity and made it more difficult to understand where service gaps exist.”

    “Accurate data is critical to ensure we target resources where they’re needed most,” she said.

  • Can US Stocks Keep Rising? Corporate Earnings Season Will Tell the Story

    Can US Stocks Keep Rising? Corporate Earnings Season Will Tell the Story

    The U.S. stock market has been riding high in 2026, fueled by growing confidence in corporate profits. But as earnings season gets underway in the coming weeks, the central question is whether American companies can actually live up to the sky-high expectations that have been set for them.

    Forecasts for 2026 earnings surged after a blockbuster first quarter, driven largely by enormous spending on artificial intelligence infrastructure and a generally healthy economy. While stronger earnings provide solid footing for the market, those elevated forecasts now create a higher hurdle for companies to clear — and any stumbles could rattle investors.

    That dynamic may already be playing out. Strong earnings from Samsung Electronics this week were followed by a sharp selloff in the volatile semiconductor sector, suggesting the market’s tolerance for anything less than exceptional results is shrinking.

    For the second quarter that just wrapped up, companies in the S&P 500 are projected to show aggregate earnings growth of 23.4% compared to the same period a year ago, according to LSEG IBES, which tracks analyst estimates. That figure is considerably higher than the 15.2% growth that had been anticipated at the start of the year. Forecasts for the remainder of 2026 have also climbed sharply.

    Chris Fasciano, chief market strategist at Commonwealth Financial Network, put it simply: “Increased earnings and increased expectations are great for investors because it does drive the market higher.” But he added, “that certainly raises the bar.”

    Earnings season officially kicks off next week, with major banks including JPMorgan Chase and Goldman Sachs among the first to report, along with other prominent names such as Netflix and Johnson & Johnson.

    A key engine behind this year’s profit boom has been massive capital investment by large companies building out AI infrastructure. That spending has particularly benefited semiconductor firms, along with a wide range of technology, industrial, and other companies tied to the buildout. Consumer spending has also held up well, even amid energy price spikes that followed the Iran war, helping to sustain overall economic momentum.

    One notable trend this year: earnings estimates are actually growing faster than the stock market itself. The S&P 500 has gained 9% so far in 2026, but forward earnings estimates have jumped 21% over the same stretch, according to LSEG Datastream.

    “It’s very, very rare that you have this strong of a market, but earnings are even stronger,” said Mark Hackett, chief market strategist for Nationwide.

    The stronger earnings outlook has also helped ease concerns about the market’s overall valuation. The forward price-to-earnings ratio for the S&P 500 recently stood at 20.1, down from 22.2 at the close of 2025, according to LSEG Datastream — a sign that stock prices haven’t run too far ahead of actual profits.

    Still, investors acknowledge there is little margin for error heading into this reporting season. Joe Mazzola, head trading and derivatives strategist at Charles Schwab, said: “We’re going to be heading into Q2 with some higher expectations. It’s probably going to be a little bit more volatile in terms of the Q2 earnings just because of the fact that revisions have gone upwards.”

    The first quarter offered a dramatic example of how expectations can be shattered — in a good way. Investors had already anticipated strong results, but actual performance blew past even those optimistic forecasts, producing the highest quarterly earnings growth in more than four years. S&P 500 earnings surged 29.4% in the first quarter, far exceeding the 14.4% growth that analysts had projected at the start of April.

    Now, the concern on Wall Street is whether analysts have overcorrected by becoming too optimistic in their profit outlooks. “The risk is that Q1’s exceptionally strong results led (analysts) to raise their estimates for the remaining three quarters by too much,” Yardeni Research wrote in a note this week.

    Within the S&P 500, the technology sector is expected to post profit growth of 65.5% for the quarter, per LSEG IBES data. Energy companies are projected to see earnings jump roughly 115% as oil prices spiked, while the materials sector is expected to show growth of about 32.5%.

    Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts, cautioned: “I would not expect big moves in tech stocks and other stocks unless they beat by a wide mile. Those earnings bars … have been set at a higher level now.”

    Looking at the full year, S&P 500 earnings are now projected to rise 26.4% in 2026 — which would mark the strongest annual profit performance since 2021. Analysts are also forecasting an additional 17.9% gain in 2027.

    Hackett said he wants to see more clarity on whether the forces driving 2026’s strong profits — including AI-related gains and fiscal stimulus — can be sustained. “That to me is the biggest concern, is the one-time nature of some of these events that have happened this year that just aren’t sustainable,” he said.

    Jack Ablin, founding partner and chief investment strategist at Cresset Capital, noted that forecasting earnings tied to an emerging technology like AI is particularly difficult. “That’s part of the reason that multiples are coming down because the visibility isn’t there,” he said. “That also puts so much more important emphasis on earnings season. We’ll get a better sense of where things are headed.”

  • Apple Supplier Luxshare Stumbles in Hong Kong’s Biggest IPO of 2025

    Apple Supplier Luxshare Stumbles in Hong Kong’s Biggest IPO of 2025

    Shares of Luxshare Precision Industry fell sharply during their Hong Kong stock market debut on Thursday, capping what turned out to be a lukewarm day for new listings as investors grew increasingly cautious about where to put their money.

    Luxshare, one of Apple’s largest parts suppliers, raised HK$24.27 billion — roughly $3.10 billion — making it the biggest initial public offering in Hong Kong so far this year. Despite that milestone, its stock tumbled as much as 9.6%, hitting a low of HK$57.20 against its offer price of HK$63.28. By the time markets closed, shares had recovered slightly to HK$60.

    The rocky start is part of a broader pattern. A flood of Chinese technology and advanced manufacturing companies have been rushing to list in Hong Kong, hoping to raise funds for expansion into overseas markets, semiconductor research, electronics development, and artificial intelligence. But that wave of offerings has collided with a tech-stock pullback, renewed geopolitical tensions, and a record number of lock-up expirations — the point when early investors are first allowed to sell their shares.

    Knowledge Atlas Technology, also known as Zhipu AI, launched a roughly $4 billion Hong Kong share placement on Wednesday, with its stock climbing an additional 11.3% on Thursday. Chipmaker Nexchip Semiconductor also priced its Hong Kong listing this week, aiming to raise approximately HK$6.98 billion.

    Of the six other companies that made their Hong Kong trading debuts Thursday, most received a cool reception. Electronic test equipment maker Rigol and circuit-board tool maker DTech both slipped below their offering prices. E-paper display maker DKE and ceramic electronic parts maker CCTC posted modest gains. Food company Qiyunshan Food was a standout, surging nearly three times its offering price to reach a high of HK$26 per share, while Rokae Robotics climbed 15.2%.

    Chokwai Lee, a director at Morningstar, pointed to broader market conditions as a key factor.

  • Your Delmarva Forecast: Thursday, July 9, 2026

    Your Delmarva Forecast: Thursday, July 9, 2026

    Good morning, Delmarva! Heads up — it’s going to be a stormy Thursday, so keep that umbrella handy. We’ll start with some partial sunshine, but showers will develop by mid-morning, with thunderstorms becoming likely by the afternoon hours. Expect a high near 86°F with light southerly winds around 5 mph. Rain chances top out at 90%, and we could pick up between a half-inch to three-quarters of an inch of rainfall — not an insignificant amount, folks. Those storms will linger into tonight, so if you have evening plans outdoors, definitely have a backup option ready. Overnight lows will stay warm and muggy, settling around 72°F. Looking ahead to Friday, we’ll actually catch a nice break! Expect mostly sunny skies to start the day with temperatures climbing to a warm 90°F. A chance of afternoon and evening storms returns Friday, so keep checking back for updates. Stay weather-aware out there, Delmarva, and we’ll see you tonight on TV Delmarva News!
  • Florida Airport Officially Renamed for Trump — What Does He Gain?

    A Florida airport has officially been renamed after President Trump, a historic first — no sitting U.S. president has ever had an airport named after them while still in office.

    While the renaming is largely ceremonial in nature, questions are already being raised about what the president might stand to gain from having his name attached to a major public airport. The Trump Organization has stated that Trump will not receive any royalty payments as a result of the name change.

    However, legal experts are not entirely satisfied with that answer. They point to potential loopholes that could still allow the president to benefit financially or in terms of brand recognition, even without a direct royalty arrangement.

    The renaming has sparked a broader conversation about the ethics of a sitting president having his personal brand tied to public infrastructure, and whether existing rules are sufficient to address such a situation.

  • Planet Survives Its Star’s Death — What It Means for Earth’s Future

    Planet Survives Its Star’s Death — What It Means for Earth’s Future

    In roughly 5 billion years, our sun will begin dying — swelling to enormous size, swallowing the closest planets, then shedding its outer layers and collapsing into a dense stellar remnant known as a white dwarf. But new research suggests that some planets may endure long after that catastrophic transformation.

    Scientists have now made detailed observations of a Jupiter-like planet beyond our solar system that has continued to exist for billions of years following its star’s death. The planet, known as WD 1856 b, sits 81 light-years from Earth in the constellation Draco. For reference, one light-year equals 5.9 trillion miles, or 9.5 trillion kilometers — the distance light covers in a single year.

    Researchers determined that WD 1856 b has a mass roughly eight times that of Jupiter, the largest planet in our solar system. Its atmospheric temperature registers around 260 degrees Fahrenheit (127 degrees Celsius), which scientists say is surprisingly warm for a planet in its situation.

    The planet now circles extremely close to the white dwarf — 50 times closer than Earth is to our sun — apparently having drifted inward over a long period of time. It completes a full orbit in just 1.4 days.

    WD 1856 b serves as a real-world example of how planets can survive the death of their host star, which may mirror what happens to some planets in our own solar system when the sun eventually dies. However, scientists note that this planet’s situation involves some unusual circumstances. The white dwarf is actually part of a triple star system, alongside two smaller red dwarf stars, each about 30% of the sun’s mass — creating a complex gravitational environment.

    Researchers are still working to understand exactly how WD 1856 b ended up in such a tight orbit around the white dwarf. “There are two main competing ideas for how WD 1856 b got into the tight orbit we observe today,” explained astrophysicist Christopher O’Connor of Northwestern University in Illinois, one of the study’s authors. The research was published in the journal Nature.

    The first theory suggests the planet was actually swallowed during the star’s red giant expansion phase but managed to survive just outside the collapsing stellar core. The second theory holds that the planet was originally far enough away to avoid being consumed, but was later gravitationally nudged inward by the two nearby red dwarf stars.

    WD 1856 b was first discovered in 2020, providing the earliest definitive proof that planets can outlive sun-like stars. This new study goes further, shedding light on the planet’s makeup and history. Scientists examined it using the James Webb Space Telescope and found it is composed primarily of hydrogen and helium — similar to Jupiter — but with an unusually high concentration of methane. Researchers believe its unexpected warmth comes from the gravitational forces exerted by the white dwarf as the planet’s orbit gradually tightened over time.

    In a striking reversal of the usual size relationship between stars and planets, WD 1856 b is actually about 500 times larger in volume than the white dwarf it orbits. While stars are typically far bigger than their planets — the sun is roughly 1,000 times larger in volume than Jupiter — a white dwarf is extremely compact, only slightly bigger than Earth, though far more massive. The white dwarf in this system formed from a star up to twice the mass of our sun that died approximately 5 billion years ago.

    As for what all this means for our own solar system, scientists say the picture is becoming clearer — at least for some planets. When the sun enters its red giant phase, it will balloon to about 200 times its current size, definitely engulfing Mercury and Venus in the process.

    “The rest of the planets beyond Earth will be well beyond the sun’s maximum size, so they will most likely just continue to orbit the white dwarf left behind by the sun,” O’Connor said. “However, because the sun will lose about half of its mass as it becomes a white dwarf, we expect the survivors to gradually drift away until they reach about double their current orbital distances.”

    Earth’s fate, however, remains an open question. “We cannot predict Earth’s future orbit well enough to know whether it will be inside or outside the ‘danger zone’ when the sun reaches the end of its life,” O’Connor said. “Fortunately, this is one problem we still have billions of years to figure out.”

  • Aviation Industry Desperately Needs New Mechanics as Veteran Workers Near Retirement

    Flying has never been more popular in the United States, with passenger numbers reaching record levels. But behind the scenes, the aviation industry is facing a growing problem — a wave of experienced mechanics is nearing retirement age, and there aren’t enough trained workers ready to take their place.

    That workforce gap is creating an unusual situation for new aviation maintenance graduates: many are walking out of their programs with job offers already in hand, even before they receive their credentials.

    A job forecast from Boeing projects that the aviation industry will need to bring on 123,000 maintenance technicians across North America between now and 2044. That’s a massive number of positions that will need to be filled over the coming two decades.

    For young people considering a career path, the timing may be ideal. As one generation of skilled tradespeople prepares to leave the workforce, the industry is actively recruiting the next wave of talent — and willing to commit to new hires early.

  • Groups Demand Independent Probe After ICE Agent Fatally Shoots Unarmed Man in Houston

    Groups Demand Independent Probe After ICE Agent Fatally Shoots Unarmed Man in Houston

    A coalition of immigrant rights organizations is demanding an independent investigation after an ICE agent fatally shot an unarmed man in Houston.

    Several advocacy groups have raised serious concerns about the circumstances surrounding the deadly encounter and are calling for a thorough, impartial review of what took place.

  • Philippines Calls Chinese Scholars’ Claim on Island Province ‘Ludicrous’

    Philippines Calls Chinese Scholars’ Claim on Island Province ‘Ludicrous’

    MANILA — The Philippines’ defense secretary fired back Thursday against claims made by Chinese scholars who argued that the country’s northernmost island-chain province rightfully belongs to Beijing, calling the assertions both “baseless” and “ludicrous.”

    The controversy stems from a June 30 symposium where scholars from institutions including Nanjing University contended that Batanes — a Philippine island province — is a natural extension of Taiwan and should therefore be considered Chinese territory. A Chinese state-run news outlet, GDToday, reported on the symposium on July 2. Beijing has not formally taken that position.

    Defense Secretary Gilberto Teodoro told reporters he sees the scholars’ comments as a warning sign. “I view this, once again, as probably a signal of a preconceived intention,” he said.

    “It is not far-fetched to think that this is already part of their plan. And it also validates what we have been saying that they have a plan to control the entire Pacific Ocean,” Teodoro continued.

    He did not mince words about the validity of the claim. “What is this for, right? And we know this is baseless. This is nonsense. It is ludicrous,” he said. “So this is concerning, and it is something that must be challenged.” He did not elaborate further on what steps might be taken.

    The Chinese embassy in Manila had not responded to a request for comment on Teodoro’s statements at the time of reporting.

    Batanes is home to roughly 20,000 people and sits approximately 160 kilometers — about 100 miles — south of Taiwan along the Luzon Strait, a strategically significant waterway connecting the South China Sea and the Pacific Ocean. The province has grown in importance for regional security planning and has been the site of joint military exercises between Philippine and U.S. forces.

    The scholars’ remarks arrive at a particularly sensitive time. The Philippines and Japan announced in May that they would begin formal negotiations to establish maritime boundaries for their exclusive economic zones and continental shelves under international law — a development that drew criticism from China.

    Teodoro himself has previously been sanctioned by Beijing, along with his close relatives, over what China described as “erroneous remarks” about the country.

    The broader backdrop involves China’s sweeping claims over nearly the entire South China Sea, a critical trade route through which more than $3 trillion in goods pass each year. An international arbitration ruling in 2016 found those claims to be invalid, though Beijing has refused to recognize the decision.

  • Pakistani Navy Fights Rough Seas Searching for Cargo Plane Crew on Day 2

    Pakistani Navy Fights Rough Seas Searching for Cargo Plane Crew on Day 2

    Pakistani Navy search and rescue teams faced challenging ocean conditions Thursday as efforts to find the five-member crew of a downed cargo plane entered their second day, officials confirmed. Debris from the aircraft was pulled from the water Wednesday, but no crew members have been found.

    The plane, which belonged to private airline K2 Airways, reported a navigation system failure before all radio and radar communication was lost late Tuesday evening, according to the Pakistan Airports Authority.

    Since losing contact, ships and aircraft have been scouring an area of the Arabian Sea roughly 300 kilometers — about 180 miles — southwest of Karachi. The plane had been approaching Pakistan’s largest city on a flight originating from Sharjah in the United Arab Emirates when it disappeared from radar.

    Investigators have not yet determined what caused the crash.

    Two officials with knowledge of the search operation told The Associated Press that both the plane’s main fuselage and all five crew members have yet to be found. The officials requested anonymity because they were not authorized to speak publicly about the matter.

    Both officials noted that choppy waters were again making the search extremely difficult.

    The Pakistan Airports Authority reported Wednesday that Navy vessels and the Pakistan Maritime Security Agency discovered and retrieved debris approximately 12 hours after the plane went missing. That wreckage was found about 100 kilometers — roughly 60 miles — off the coast of Ormara, a town along the Makran coastline in Pakistan’s Balochistan province.

    The authority also shared photos on the social media platform X showing rescue workers pulling pieces of the plane from the water. Officials noted the debris was spread across a large area, with strong winds, heavy seas, and shifting currents scattering the wreckage and making it harder to pinpoint where the crew might be.

    Retired Rear Adm. Faisal Shah warned that locating the plane’s main wreckage could take months or even years. He explained that the aircraft is believed to have gone down in water approximately 3,000 meters — nearly 9,800 feet — deep, which would require specialized underwater equipment to search.

    Shah also cautioned that recovering floating debris does not pinpoint the actual crash location, since wind, waves, and ocean currents can move wreckage far from where the plane initially went down.

    He drew a comparison to the prolonged search for Malaysia Airlines Flight MH370, which disappeared in 2014 and has never been definitively found despite years of international search efforts.

    K2 Airways identified the five missing crew members as Capt. Muhammad Rizwan Idris, First Officer Faisal Jatoi, flight engineers Muhammad Hamid and Muhammad Arif Siddiqui, and aircraft loader Muhammad Taufiq Khan. Their families have continued to hold out hope as rescue teams press on with the search in the Arabian Sea.

    Prime Minister Shehbaz Sharif has ordered authorities to deploy every available resource in the search operation and extended his condolences to the families of the missing crew members.

    Radar data reviewed by the Pakistan Airports Authority showed the aircraft made a sudden change in direction and dropped rapidly in altitude before contact was lost at approximately 9:21 p.m. Tuesday, at a point about 287 kilometers — or 178 miles — west of Karachi.

    Pakistan has a history of deadly aviation accidents spanning several decades. In May 2020, a Pakistan International Airlines flight carrying 99 people went down in a heavily populated area near the Karachi airport while attempting to land. Only two of the 99 people on board survived. A subsequent government investigation determined that errors made by both the flight crew and air traffic controllers were responsible for the disaster.

  • Poll: Most Jewish Americans Feel Abandoned by Both Parties and Trump

    Poll: Most Jewish Americans Feel Abandoned by Both Parties and Trump

    NEW YORK (AP) — Yahm Levin is a lifelong Democrat living in one of America’s most left-leaning cities. But the 39-year-old Jewish woman from Los Angeles has started hiding her identity — even from fellow progressives.

    After repeated uncomfortable experiences, Levin has learned that revealing she is Jewish, particularly one with ties to Israel, can provoke unwelcome reactions from people who share her political views. She now goes by her middle name, Shelly, because it feels less risky.

    “I don’t really feel comfortable in leftist circles anymore,” said Levin, a former librarian. “I just want to be a Jewish American who has a connection to Israel. But I feel like I can’t do that. And it’s very frustrating. And sometimes a little scary.”

    Almost three years since the war in Gaza erupted following Hamas’ October 7, 2023 attack, growing criticism of Israel within the Democratic Party has left Levin describing herself as “politically homeless.”

    A newly released survey from The Associated Press-NORC Center for Public Affairs Research shows that most Jewish adults feel poorly represented by political leaders at a deeply unsettling time for their community. Sixty-three percent of Jewish Americans say prejudice against Jewish people is an “extremely” or “very” serious problem in the United States — yet few believe either political party is doing an adequate job of standing up for the Jewish community.

    The poll, which surveyed 1,022 Jewish adults — including those who identify as Jewish by religion as well as those who identify through culture, ethnicity, or family background — provides a rare in-depth look at a demographic that finds itself at the heart of some of the country’s most divisive political arguments.

    Results indicate that many Jewish adults feel cut off at a time when antisemitism is rising across the political spectrum and support for Israel has become a flashpoint in both parties. The survey found that 36% of Jewish adults say supporting Israel is “extremely” or “very” important to their Jewish identity, while another 26% say it is “somewhat” important.

    Only 15% of Jewish adults say the Democratic Party supports Jewish people in the U.S. “extremely” or “very” well, while 33% say it does so somewhat well. About 41% say the Democratic Party supports the Jewish community “not very well” or “not well at all.”

    Feelings toward President Donald Trump and the Republican Party are even more negative — though not by a wide margin. That’s a notable finding given that Jewish Americans overwhelmingly identify as Democrats. About half of Jewish adults say Trump and Republicans do not support Jewish people in the U.S. well.

    The poll also highlights a sense of disconnect between Jewish Americans and the broader public. While antisemitism is a major concern within the Jewish community, only 38% of U.S. adults overall consider prejudice against Jewish people an “extremely” or “very” serious problem.

    The political soul-searching isn’t limited to Jewish Democrats. Max Sacher, a 27-year-old Jewish Republican from Austin, Texas, said he was largely satisfied with Trump’s stance toward the Jewish community — until he saw the president’s recent diplomatic effort to resolve the conflict with Iran, which Trump launched alongside Israeli Prime Minister Benjamin Netanyahu.

    “It’s one of the most embarrassing documents I’ve read. It basically cedes everything to Iran,” said Sacher, a graduate student in finance. “I feel very lost politically. I used to have a home. Now I feel like I’m on an island in modern-day politics.”

    According to AP VoteCast, Jewish voters made up 3% of the 2024 electorate. They voted heavily Democratic, with 66% supporting Vice President Kamala Harris and 33% backing Trump.

    On several key questions, Jewish adults see things differently than the general American population. About 3 in 10 U.S. adults overall say Trump is highly supportive of Jewish people, compared to roughly 2 in 10 Jewish adults who feel the same way.

    A large majority of Jewish adults — 77% — say antisemitism has worsened compared to three years ago, before the Hamas attack.

    Ellen Kuberski, a 72-year-old Jewish Democrat from Chicago, dismissed Trump outright, describing a “general disgust and hatred” for the Republican president. But she is also frustrated with the Democratic Party, which she believes has shifted its support heavily toward Palestinians at the expense of Israel and American Jews. She was particularly troubled when progressive activists were protesting against Israel while Israeli hostages were still being held in Gaza.

    “I tend to be more in line with the far left in just about everything else. But now the far left is attacking the Jewish community,” she said. “There’s enough antisemitism in the world that we don’t need politicians on what’s supposed to be on our side coming out with that crap.”

    The Jewish community is divided over prominent figures in the Israel debate. New York City Mayor Zohran Mamdani, a democratic socialist and vocal critic of Israel, actually polls better among Jewish adults than either Netanyahu or Trump, who once pledged to be “the best friend Jewish Americans have ever had in the White House.”

    About 44% of Jewish adults view Mamdani “somewhat” or “very” favorably, while 39% view him “somewhat” or “very” unfavorably. Around 2 in 10 said they don’t know enough about him to form an opinion.

    Kylle Epstein, a 24-year-old Jewish Democrat from Clearwater, Florida, expressed enthusiasm for Mamdani and similar Democrats who have recently won congressional primary races in New York.

    “I think Mamdani is absolutely phenomenal. He makes Democrats think,” Epstein said, calling for “new blood in the party.”

    Netanyahu fares poorly among Jewish adults, with only about one-third viewing him “somewhat” or “very” favorably. About 6 in 10 hold a “somewhat” or “very” unfavorable view of the Israeli prime minister, including 42% who view him “very” unfavorably. About 1 in 10 say they don’t know enough to offer an opinion.

    Trump’s favorability among Jewish adults is slightly lower than Netanyahu’s, with just 29% viewing the president favorably.

    Pennsylvania Gov. Josh Shapiro, one of the country’s most prominent Jewish Democratic officeholders, remains largely unknown within the broader Jewish community. About 4 in 10 Jewish adults view him favorably, about 2 in 10 view him unfavorably, and roughly 4 in 10 say they don’t know enough about him to say.

    In conversations, many Jewish adults made clear that their heritage doesn’t mean they want the United States to give Israel unconditional backing. About 4 in 10 Jewish adults say the U.S. is “too supportive” of Israel — a figure similar to U.S. adults overall — while about 3 in 10 Jewish adults say the U.S. is “not supportive enough” of Israel, compared to about 2 in 10 Americans overall.

    Meanwhile, about 4 in 10 Jewish adults also say the U.S. is “not supportive enough” of the Palestinians, a figure similar to U.S. adults overall.

    The issue carries far more personal weight for Jewish adults than for the general public. About 6 in 10 Jewish adults say Israel is an “extremely” or “very” important issue to them personally, compared to just 35% of U.S. adults overall.

    “Jews and Israel are connected, but they’re not synonyms,” said Levin, the former librarian from Los Angeles.

    She said that misunderstanding on both sides of the political divide has helped fuel a surge in antisemitism, even in a city dominated by Democrats. Last month, while walking along Los Angeles’ historic Olvera Street with her husband, she came across a spray-painted message on the sidewalk reading “Death to Zionists,” accompanied by an upside-down triangle associated with Hamas.

    Levin said it is becoming increasingly difficult to remain a loyal Democrat, even though she doesn’t see herself voting Republican.

    “I mostly shake my head a lot and try to breathe,” she said.

    The AP-NORC poll of 3,040 adults was conducted June 11-17 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, designed to represent the U.S. population. The poll included 1,022 Jewish adults. The margin of sampling error is plus or minus 2.8 percentage points for adults overall and plus or minus 5.0 percentage points for Jewish adults.

  • Kalshi Seeks Regulatory OK to Expand Never-Expiring Futures Beyond Crypto

    Kalshi Seeks Regulatory OK to Expand Never-Expiring Futures Beyond Crypto

    A prediction markets platform that lets users place bets on everything from sports outcomes to election results and weather events is now pushing to bring a new type of financial product to a much wider range of markets.

    Kalshi, which allows trading on various event outcomes, is working toward offering so-called perpetual futures — derivatives contracts that never expire — in areas such as metals, foreign exchange, and energy markets, according to a company executive.

    Unlike traditional futures contracts, which have a set end date, perpetual futures allow investors to hold a position in an asset indefinitely without ever having to close it out or roll it over. These contracts, often called “perps,” also allow traders to borrow heavily — sometimes up to 50 times the value of the contract — to magnify their bets.

    Kalshi made history in May when it launched the country’s first perpetual futures contracts for cryptocurrency trading, following a green light from the Commodity Futures Trading Commission, or CFTC. The company is now asking the same regulator for permission to extend those products into other financial categories.

    “The other asset classes that we’re looking at are very much driven by the market, for instance, things like gold,” said Udesh Jha, chief risk officer at Kalshi.

    Jha said the company is deep in conversations with regulators about expanding into foreign exchange and energy markets as well. “Gold is something that’s coming up because it’s retail friendly. Our participants skew towards the retail side, but also institutional,” he added.

    The executive also said Kalshi has its eye on eventually offering perpetual futures tied to broad stock market indexes and individual company shares. Since the platform first introduced perpetual contracts, trading volume in those products has reached $16.1 billion.

    “Most of those asset classes we have to figure out how to enter, but FX, metals, and energy are probably the ones that because of geopolitics and seasonality are the most in demand from investors,” Jha said. “If you look at the volumes that we have, a lot of that is coming primarily from institutional investors.”

    Not everyone is enthusiastic about the growth of these products. Critics have raised alarms that perpetual futures are too complicated and too risky for everyday investors, who could face steep losses even when prices shift by only a small amount. The outgoing chief executive of CME, Terry Duffy, publicly blasted the CFTC in June for allowing perps to be listed, calling them a “disaster waiting to happen.”

    CME has since filed a lawsuit against the CFTC and its chairman, Michael Selig, challenging the regulator’s decision to allow Kalshi and cryptocurrency exchange Coinbase to list perpetual futures. Many observers viewed the legal action as an effort by CME to protect its standing as the leading derivatives exchange in the United States.

    The news rattled financial markets as well. After the CFTC initially approved perpetual futures, shares of major U.S. exchange operators — including CME, CBOE, Nasdaq, and Intercontinental Exchange, the parent company of the New York Stock Exchange — dropped sharply as investors worried about rising competition.

    In June, Kalshi co-founder Tarek Mansour had signaled to Bloomberg that the company intended to grow its perpetual futures business but did not specify which markets it would target next.

    The CFTC is currently gathering public feedback on whether to allow perpetual contracts tied to physical or storable energy products, such as crude oil, the agency announced in June.

    If regulators approve trading in these new categories, the contracts would be available during standard market hours rather than around the clock, according to a source with knowledge of the discussions who was not authorized to speak publicly since the products are still being reviewed.

    Until recently, perpetual futures were mostly traded on offshore platforms and existed in a murky regulatory space — not explicitly banned, but not officially sanctioned either. Kalshi has estimated that trading in perps on overseas exchanges ballooned to $90 trillion last year, more than three times the volume recorded in 2023.

  • Asian Leaders Seek Strategic Flexibility Amid Growing US-China Rivalry

    Asian Leaders Seek Strategic Flexibility Amid Growing US-China Rivalry

    SINGAPORE — Leaders in Asian policy, investment and business are increasingly stepping forward as active navigators of a more divided world, focused on building long-term strength rather than simply choosing sides between the United States and China.

    That theme came through clearly at the Reuters NEXT Asia conference in Singapore, where representatives from governments, sovereign wealth funds and private equity firms made the case that geopolitical friction is no longer a passing disruption — it is now a permanent part of the global environment that requires lasting strategies, not quick fixes.

    For Thailand, that translates into a more hands-on approach to foreign policy and investment — working pragmatically with a range of partners based on national interest rather than locking in with any single world power.

    “We seek to be the trusted connector in this fragmented world,” said Thai Vice Finance Minister Santitarn Sathirathai.

    He explained that Thailand’s goals go beyond simply attracting investment dollars. The country evaluates projects not based on where they come from, but on whether they bring technology transfers, quality jobs and stronger supply chains at home.

    “There’ll be certain areas where it makes more sense to partner with certain groups,” he said.

    A similar mindset has taken hold among long-term investors. Hong Kong Investment Corporation Chief Executive Clara Chan said that in her view, geopolitical uncertainty actually creates openings for patient, long-term capital rather than simply acting as a roadblock.

    “When you see uncertainties, challenges around the world … for long-term investors, patient capital like us, those could present pretty good opportunity,” she said.

    Chan noted that the HKIC, founded four years ago, has now invested in more than 200 companies and continues to grow by using Hong Kong’s dual role as a gateway to mainland China and a global financial hub. She added that what investors truly care about most is policy clarity, long-term vision and a fair playing field — not geopolitical headlines.

    The chief investment officer of Singapore state investor Temasek warned that investors need to accept they are working in “a world of uncertainty” driven by geopolitics, artificial intelligence, climate change and inflation. He cautioned that those who react to every new shock will “get whipsawed.”

    Rohit Sipahimalani said the better approach is to build resilient portfolios around companies with large domestic markets, self-sufficient supply chains and strong technology capabilities that can hold up under geopolitical pressure.

    “You can’t hedge all the uncertainty … you can’t afford to respond to every event that’s taking place,” he said.

    Private equity investors largely agreed, arguing that U.S.-China tensions and broader global friction have become part of the new normal — and have actually made Asia more attractive, not less.

    “Asia is going to have two-thirds of the middle class by 2030 and 60% of … the global growth is coming from Asia. So people are diversifying into the region,” said Stephanie Hui, Goldman Sachs’ head of Asia private equity.

    Primavera Capital founder Fred Hu pointed out that Asia accounts for half of global GDP, roughly 40% of global trade and foreign direct investment, and remains the world’s essential manufacturing base — making the region “literally a sanctuary” in uncertain times.

    “There’s been a war in the Americas, there’s been war in Europe, there’s been war in Middle East. Asia… we are very stable,” he said.

    Bain Capital’s Satoshi Ueyama highlighted Asia’s diversity as one of its greatest assets, pointing to corporate reform efforts in Japan, demographic and infrastructure-driven expansion in India, ongoing innovation in China and Southeast Asia’s growing role in supply-chain restructuring.

    “It continues to provide great opportunities,” he said.

  • Venezuela Races Toward Debt Deal Amid Earthquake Devastation and Expert Warnings

    Venezuela Races Toward Debt Deal Amid Earthquake Devastation and Expert Warnings

    Venezuela is pushing to complete what could be the most complicated debt restructuring in modern history, and it wants to do it fast — raising serious concerns among financial experts about what that speed could mean for the country’s future.

    The South American nation is working to restructure both its government debt and that of its state-owned oil company, with total claims nearing $200 billion. Bondholders say Venezuelan officials in Caracas are hoping to complete the early stages of the overhaul — launched in May — as soon as November, with the goal of unlocking billions in desperately needed investment across industries including oil and energy.

    But the push for speed is alarming debt specialists, particularly given that Venezuela is simultaneously dealing with the aftermath of devastating earthquakes that killed more than 3,000 people and damaged hospitals, schools, and other critical infrastructure last month.

    “This will surely be the most complex sovereign debt restructuring of my lifetime,” said Mitu Gulati, a sovereign debt expert and professor at the University of Virginia. “I’ve never seen anything done like this.”

    A central concern is whether Venezuela can produce a credible Debt Sustainability Analysis — a document that measures a country’s debt load against its economic outlook to help determine how much lenders can expect to recover. The challenge is enormous: Venezuela’s debt includes arbitration awards, oil-backed loans from China, traditional bonds, and overdue interest payments. The country has not released complete debt or economic statistics in years.

    Veteran sovereign debt attorney Lee Buchheit, who has guided numerous countries through debt restructurings since the 1980s, said the proposed timeline is far too compressed to produce a trustworthy analysis. He noted that both the government and bondholders may have their own reasons to rush — officials may want to demonstrate a return to global financial markets, while bondholders may want to avoid a more thorough review by the International Monetary Fund that could result in smaller payouts.

    “What may be presented as a DSA will in fact just be a manufactured set of numbers that appears to support some form of bond restructuring,” Buchheit warned. He was hired in 2019 by then-opposition leader Juan Guaido to advise on debt restructuring efforts.

    For comparison, Greece’s restructuring of its roughly $200 billion debt following its 2012 default took approximately one year to complete. Venezuelan government officials did not respond to requests for comment.

    Caracas announced in May that it had hired financial advisory firm Centerview Partners and initially aimed to finish the Debt Sustainability Analysis by the end of June. Investors now anticipate it will be delivered sometime this month. The IMF confirmed it is not involved in the process, which has deepened doubts about the reliability of the figures being used. Centerview Partners declined to comment.

    Adding to the unease, the Financial Times reported last month that Venezuela’s debt burden could actually reach $240 billion — $40 billion higher than earlier estimates — without clarifying what accounts for the additional amount. That revelation alarmed some creditors and prompted calls for IMF participation.

    “If you don’t have a process that can be verified by independent observers, the IMF, then you run the risk of cronyism and corruption,” said Christopher Sabatini, director of the Latin America Programme at Chatham House.

    A Caracas-based financial consultancy called Sintesis Financiera argued that the Venezuelan government should pause the restructuring process entirely, warning that relying on economic data and assumptions made before the earthquakes would be a “costly mistake” that risks underestimating just how much debt relief the country actually needs.

    The earthquake damage — estimated at $7 billion — is a “massive blow” to an economy already struggling to recover, according to Joan Domene, chief economist for Latin America at Oxford Economics.

    “It will make the case for the government to plead for an even bigger haircut,” Domene said, referring to the losses that creditors absorb when debt is restructured.

    Some observers believe the advisers involved understand the gravity of the situation. “It’s right to have a healthy degree of skepticism,” said Elina Theodorakopoulou of Manulife Investment Management, which holds Venezuelan bonds. “But surely you would believe that the people that are putting that together realize the significance of doing that credibly.”

    Venezuela’s economy has shrunk by an estimated 75% since 2013, weighed down by sanctions, corruption, and chronic underinvestment. The earthquake’s infrastructure damage has added losses equivalent to as much as 6% of the country’s gross domestic product. Venezuela’s backers have been counting on a fast debt resolution since the U.S. seized then-President Nicolas Maduro in January.

    Few analysts expect significant foreign investment to flow in until creditors can no longer pursue Venezuelan assets through legal channels.

    “Venezuela has been in limbo for years,” said Rodrigo Olivares-Caminal, a professor at Queen Mary University who is advising some private investors on the situation. “We want to unlock funding… (but) publish a DSA that will not be contested.”

    Getting the restructuring wrong, experts caution, could leave Venezuela crushed under unsustainable debt obligations — leaving little room to fund infrastructure repairs or healthcare.

    “If you give away all of your goodies now… my worry is that we’re just pushing the real restructuring problem down the road,” said Gulati.

  • Iran Buries Supreme Leader Khamenei at Holiest Shrine Amid Revenge Chants

    Iran Buries Supreme Leader Khamenei at Holiest Shrine Amid Revenge Chants

    DUBAI — Iran laid its slain Supreme Leader Ayatollah Ali Khamenei to rest Thursday at one of the country’s most sacred sites, as massive crowds gathered in the northeastern city of Mashhad to witness the culmination of a week-long series of funeral ceremonies stretching across two nations.

    The burial took place at the Shrine of Imam Reza, where the golden dome and towering minarets caught the morning light as mourners waved Iranian flags, carried photographs of the late Khamenei, and held signs bearing revolutionary slogans.

    Notably absent from the proceedings was Mojtaba Khamenei, who was named Supreme Leader by a clerical assembly in the week following his father’s death. He has not been seen publicly since the strike that killed his father on February 28 — the same attack that left him with severe injuries, including a disfigured face and badly wounded limbs. While written statements have been issued in his name, no images, video, or audio recordings of him have been released. Senior sources in Tehran say he is recovering but has not yet been well enough for public appearances, and that state security services are also working to limit his exposure out of concern for further U.S. attacks.

    As crowds waited for the funeral procession in Mashhad, chants demanding vengeance against U.S. President Donald Trump rang through the streets. “I swear by the blood of the Supreme Leader, Trump, we will kill you!” demonstrators shouted, with women in the crowd holding up placards reading “Kill Trump.”

    Khamenei’s remains, along with those of four family members who died alongside him, had already been transported through Tehran, the Shi’ite Muslim clerical center of Qom, and the Iraqi shrine cities of Najaf and Karbala over the course of the past week. At every stop, enormous crowds filled the streets to the sound of Shi’ite mourning chants and revolutionary calls.

    The concept of martyrdom carries deep significance in Shi’ite theology, and Khamenei’s death at the hands of foreign adversaries has tapped into a powerful religious and political tradition at the core of the Islamic Republic’s identity.

    The funeral marks a pivotal turning point for Iran, closing the chapter on nearly four decades under Khamenei’s leadership. His death comes months after a wave of nationwide protests fueled by public anger over an economy strangled by sanctions. Security forces crushed that unrest by killing thousands of demonstrators — a level of repression consistent with previous episodes of violence under the Islamic Republic.

    Analysts suggest Iran emerged from the recent war in a strategically stronger position, with its hold over the critical Strait of Hormuz remaining intact. However, the country also sustained significant damage that has compounded existing economic difficulties.

    Khamenei first took power as supreme leader in 1989, a decade after the Islamic revolution, and spent the following 37 years consolidating political, military, and economic authority within his office. That consolidation increasingly sidelined Iran’s elected president and parliament and was carried out in close partnership with the Islamic Revolutionary Guard Corps, which grew steadily more powerful throughout his tenure.

    Mojtaba Khamenei’s appointment as his successor came with the backing of the Guards, who are now widely regarded as the dominant force shaping Iran’s political and strategic direction.

  • HSBC Slashes Gold Price Outlook Amid Fed Hawkishness and Dollar Strength

    HSBC Slashes Gold Price Outlook Amid Fed Hawkishness and Dollar Strength

    HSBC has trimmed its outlook for gold prices in 2026 and 2027, with analysts pointing to a shift toward tighter U.S. monetary policy expectations and a rising dollar as the primary drivers behind the revision.

    The bank now projects gold will average $4,560 per ounce in 2026, down from a prior estimate of $4,864. For 2027, the forecast was reduced to $4,925 from $5,000. HSBC also expects gold to trade in a range of $3,800 to $4,700 for the remainder of 2026, finishing the year around $4,750, while its year-end 2027 target stands at $5,025.

    As of early Thursday trading, spot gold was hovering near $4,100 per ounce — more than 20% below the record high of $5,594.82 reached on January 29. That peak came as the Middle East conflict raised inflation fears and pushed the Federal Reserve toward a more hawkish monetary policy stance.

    “Changing perceptions of U.S. monetary policy and the impact this had on the dollar are among the central reasons behind further gold liquidation and price declines,” HSBC stated.

    The bank noted that central bank purchases of gold — which had been a key factor fueling the metal’s rise in recent years — have slowed. However, HSBC said long-term diversification strategies could still provide some support for prices going forward.

    HSBC also pointed out that heavy outflows from exchange-traded funds during the first half of the year could partially reverse in the second half.

    Even with the lowered forecasts, the bank suggested that significant further declines may be unlikely, as financial markets have already largely adapted to an environment of a stronger dollar and elevated interest rates.

    HSBC also noted that several factors that had supported gold prices before the Middle East conflict — such as concerns over fiscal deficits, broader economic uncertainty, and growing sovereign debt burdens — remain relevant.

    On the geopolitical front, the bank acknowledged the conflict still carries “the power to send gold lower, but we do not believe Iran-related declines by themselves would be long lasting,” HSBC said.

  • Flood Watch in Effect for Delmarva Through Midnight Thursday

    Flood Watch in Effect for Delmarva Through Midnight Thursday

    Listen to the Morning Delmarva Farm Report Update — July 9, 2026

    DELMARVA — A Flood Watch is in effect for the Delmarva Peninsula through midnight tonight, issued by the National Weather Service out of Mount Holly. Conditions are favorable for flooding to develop, and residents are urged to avoid flooded roadways and stay clear of streams and low-lying areas. Officials warn that very little moving water can sweep a vehicle off the road.

    Markets

    Grain prices were under pressure at Tuesday’s close. September corn settled at $4.35/bu, down 8¾ cents, while September Chicago wheat fell to $6.07¾, off nearly 11 cents. August soybeans held near unchanged at $11.93¼. Livestock markets were mixed, with August live cattle at $237.62 and lean hogs gaining $2.72 to close at $99.65.

    At Laurel Grain Company in Laurel, Delaware, September corn is bidding $4.75/bu and November soybeans at $11.37.

    Policy

    A preliminary settlement has been announced in an antitrust lawsuit against John Deere over repair access. If finalized, farmers and independent mechanics would be able to service their own equipment without being required to go through authorized dealerships.

    A Westover, Maryland farm lost an estimated $50,000 after 700 straw bales caught fire Tuesday evening on George Riggins Road. 30 firefighters worked to contain the blaze. The Maryland State Fire Marshal is investigating the cause.

    Forecast

    Thursday’s high is expected to reach 86°F with showers and thunderstorms likely. Tonight will remain wet with a low of 72°F. Friday’s high climbs to 90°F with afternoon storm chances returning. Farmers are advised to monitor field conditions closely with the ongoing Flood Watch in place.

    This article is based on the Delmarva Farm Report Update Morning Edition, July 9, 2026. Hosted by Tom Bradley.