Intel shares jump after report says Trump administration looking at stake

Intel shares surged 7.4% after reports that the Trump administration is considering a government investment in the struggling chipmaker to support its Ohio factory hub and financial stability amid job cuts. Talks followed a meeting between President Trump and Intel CEO Lip-Bu Tan, despite Trump recently calling for Tan’s resignation over alleged ties to China. While the White House stressed the discussions are speculative, investors … Continue reading Intel shares jump after report says Trump administration looking at stake

Davos founder Schwab cleared of misconduct by WEF probe

The World Economic Forum (WEF) board concluded there is no evidence of wrongdoing by Klaus Schwab after an independent probe into allegations that he and his wife misused Forum resources. While minor irregularities were found, the board said they reflected commitment rather than misconduct and strengthened governance measures were implemented. Schwab, 87, had already announced plans to step down. The WEF also replaced interim chairman … Continue reading Davos founder Schwab cleared of misconduct by WEF probe

RFK Jr.: ‘I am not running for president in 2028’

HHS Secretary Robert F. Kennedy Jr. announced he will not run for president in 2028, dismissing speculation fueled by right-wing activist Laura Loomer. Kennedy, who endorsed Trump after dropping out of the 2024 race, said his focus remains on combating chronic disease through the “Make America Healthy Again” movement. He defended his aide Stefanie Spear, targeted by Loomer for alleged disloyalty to Trump, The Hill … Continue reading RFK Jr.: ‘I am not running for president in 2028’

Newsom calls for a special election to allow for a new congressional map in California

California Gov. Gavin Newsom urged lawmakers to approve a November ballot measure, the “Election Rigging Response Act,” allowing Democrats to redraw congressional maps to counter Republican mid-decade redistricting in Texas. The move would bypass California’s independent commission and potentially protect Democratic House seats in the 2026 elections. Newsom framed the effort as a response to Trump-backed GOP plans in Texas to gain up to five … Continue reading Newsom calls for a special election to allow for a new congressional map in California

Texas Gov. Greg Abbott immediately calls second special session for redistricting

Texas Gov. Greg Abbott called a second special session to pass a new congressional map after Democrats blocked the first by leaving the state. The session began shortly after the first ended, but Republicans still lacked a quorum due to absent Democrats, who are mainly in Illinois protesting the redistricting aimed at adding five GOP seats for the midterms. Abbott criticized Democrats for avoiding their … Continue reading Texas Gov. Greg Abbott immediately calls second special session for redistricting

Australian and Philippine forces launch largest military exercises near disputed South China Sea

Australia has launched its largest-ever military exercises with the Philippines, involving over 3,600 personnel in live-fire drills, maneuvers, and a beach assault near the disputed South China Sea. The drills, called Alon, feature fighter jets, a guided-missile destroyer, troop aircraft, anti-tank weapons, and special forces, and will run until August 29. Observers from the U.S., Japan, Canada, South Korea, New Zealand, and Indonesia are participating. … Continue reading Australian and Philippine forces launch largest military exercises near disputed South China Sea

Torrential rains trigger flash floods in Kashmir, killing at least 56 and leaving scores missing

Flash floods triggered by a cloudburst in Chositi village, India-controlled Kashmir, have killed at least 56 people and left around 80 missing, while rescuers saved about 300 others. The floods and landslides destroyed homes, vehicles, and a community kitchen used by pilgrims, suspending the ongoing annual Hindu pilgrimage. Dozens of injured people are being treated in hospitals, and more heavy rains are forecasted. Rescue efforts … Continue reading Torrential rains trigger flash floods in Kashmir, killing at least 56 and leaving scores missing

Train collides with vehicle in Denmark, killing one person and injuring about 20 others

A passenger train collided with a vehicle at a level crossing near Tinglev in southern Denmark on Friday, killing one person and injuring around 20 others. Several train carriages were derailed or overturned. Emergency services, including drones and search dogs, responded to the scene, according to Banedanmark, which operates Denmark’s rail network, the Associated Press has reported. Continue reading Train collides with vehicle in Denmark, killing one person and injuring about 20 others

Japan PM Ishiba expresses ‘remorse’ on World War II surrender anniversary

Japan marked the 80th anniversary of its WWII surrender with Prime Minister Shigeru Ishiba expressing “remorse” for the first time since 2013. About 4,500 officials and families observed a moment of silence for the more than 3 million war dead, while Ishiba urged passing on the memory of the war to future generations to ensure lasting peace. Meanwhile, right-wing politicians, including Agriculture Minister Shinjiro Koizumi, … Continue reading Japan PM Ishiba expresses ‘remorse’ on World War II surrender anniversary

Trump and Putin shake hands warmly in Alaska to kick off their summit

President Donald Trump and Vladimir Putin began their Alaska summit with a friendly handshake and cordial greetings, signaling a warm rapport despite the ongoing war in Ukraine. Their private talks, excluding Ukrainian and European leaders, could influence the conflict and U.S.-Russia relations. While Trump aims to showcase his dealmaking skills, Putin seeks to solidify Russia’s gains, block Ukraine’s NATO ambitions, and extend Moscow’s influence, the … Continue reading Trump and Putin shake hands warmly in Alaska to kick off their summit

Man accused of faking his death to evade charges found guilty of rape in Utah

Nicholas Alahverdian, a Rhode Island fugitive who once faked his death to avoid U.S. rape charges, has been convicted in Utah of first-degree rape for assaulting his then-girlfriend in 2008. Prosecutors say he trapped and raped the woman after becoming abusive during their relationship. The 38-year-old faces five years to life in prison when sentenced on Oct. 20 and still awaits trial in a separate … Continue reading Man accused of faking his death to evade charges found guilty of rape in Utah

California man rescued after being trapped for 2 days behind waterfall

California authorities rescued a 46-year-old Long Beach man who was trapped for two days behind a waterfall in the remote Seven Teacups area after powerful water knocked him off his rappelling lines. Search teams used drones and infrared technology to locate him, and a California Highway Patrol helicopter hoisted him to safety. He was treated for minor injuries and dehydration before reuniting with his family, … Continue reading California man rescued after being trapped for 2 days behind waterfall

Man fleeing immigration raid in California fatally struck by vehicle

A man died after being struck by a vehicle on a Southern California freeway while fleeing an immigration raid at a Monrovia Home Depot, authorities said. Local officials confirmed the incident occurred during U.S. Immigration and Customs Enforcement activity, though DHS denied pursuing the man. His identity has not been released. Advocates say 10–13 workers were detained in what they described as an aggressive operation, … Continue reading Man fleeing immigration raid in California fatally struck by vehicle

Parents face $2,000 fines or 90 days in jail if their children break laws in NJ

Gloucester Township, New Jersey, has passed a measure holding parents legally accountable for crimes committed by their children under 18, with penalties of up to 90 days in jail or $2,000 in fines. The ordinance lists 28 offenses, from disorderly conduct to felonies, with harsher consequences for repeat offenders. The move follows a 2023 community event where a massive brawl involving mostly teens injured three … Continue reading Parents face $2,000 fines or 90 days in jail if their children break laws in NJ

New Orleans mayor indicted over allegations of trying to hide relationship with bodyguard

New Orleans Mayor LaToya Cantrell has been indicted on federal conspiracy, fraud, and obstruction charges, accused of concealing a romantic relationship with her bodyguard, Jeffrey Vappie, and misusing public funds for personal trips and meetings. Prosecutors allege the pair falsified payroll records, exchanged encrypted messages to avoid detection, and deleted communications. Vappie, also indicted, has pleaded not guilty and faces trial in January. Cantrell, term-limited … Continue reading New Orleans mayor indicted over allegations of trying to hide relationship with bodyguard

Dozens injured in Serbia as protesters clash with pro-government supporters

Clashes between pro- and anti-government groups in Serbia have left dozens injured and nearly 50 arrested, marking the second consecutive night of street violence amid months of anti-corruption protests. The unrest, sparked by a deadly railway station collapse in Novi Sad last year, escalated after ruling party supporters attacked demonstrators in Vrbas. In Belgrade and Novi Sad, masked pro-government groups hurled projectiles at protesters, prompting … Continue reading Dozens injured in Serbia as protesters clash with pro-government supporters

Mali’s military arrests generals, suspected French agent in overthrow plot

Malian authorities have arrested two army generals, dozens of soldiers, civilians, and a suspected French intelligence agent over an alleged plot to destabilize the country. Security Minister Daoud Aly Mohammedine said the coup attempt, which began on August 1, involved foreign support and has been “completely foiled.” The French suspect, identified as Yann Christian Bernard Vezilier, is accused of working on behalf of France’s intelligence … Continue reading Mali’s military arrests generals, suspected French agent in overthrow plot

Spain, Portugal, and Greece battle wildfires as heatwave is expected to last for days

Wildfires fueled by hot, dry weather continued to burn across Spain, Portugal, and Greece on Friday, coinciding with major religious holidays in the region. Spain battled 14 major fires, including large blazes in Galicia that closed highways and suspended high-speed rail, with temperatures over 40°C expected through Monday. Portugal deployed nearly 4,000 firefighters to seven major fires under an extended state of alert. In Greece, … Continue reading Spain, Portugal, and Greece battle wildfires as heatwave is expected to last for days

Death toll from flash floods in northwest Pakistan has jumped to 157

Torrential rains have triggered flash floods in India and Pakistan, killing over 280 people and leaving many missing. Rescuers evacuated around 1,600 people from mountainous areas, while in Pakistan, a relief helicopter crashed in bad weather, killing all five aboard. In India, floods halted a major Hindu pilgrimage and forced thousands to evacuate, the Associated Press has reported. Experts link the surge in destructive cloudbursts … Continue reading Death toll from flash floods in northwest Pakistan has jumped to 157

Blackwater founder to deploy nearly 200 personnel to Haiti as gang violence soars

Former U.S. Navy SEAL Erik Prince’s security firm, Vectus Global, plans to send about 200 contractors from multiple countries to Haiti under a one-year deal to combat gang violence and help reclaim territory from heavily armed gangs. The team will support Haiti’s National Police and a struggling U.N.-backed Kenyan-led mission, and later advise on restoring revenue collection. Critics warn the deployment may violate U.S. law … Continue reading Blackwater founder to deploy nearly 200 personnel to Haiti as gang violence soars

Space Force launches satellite to explore new GPS technology

The Space Force and United Launch Alliance successfully launched the experimental NTS-3 satellite from Cape Canaveral, marking the first national security flight of ULA’s Vulcan rocket. Built by L3Harris for the Air Force Research Lab and Space Systems Command, NTS-3 will test new positioning, navigation, and timing (PNT) technologies that could enhance future GPS satellites, ground systems, and user equipment. Originally scheduled for 2022, the … Continue reading Space Force launches satellite to explore new GPS technology

Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business

Gildan Activewear will acquire U.S. undergarments maker Hanesbrands for $2.2 billion in cash and stock, paying about $6 per share—a 24% premium. The deal merges Hanesbrands’ strong retail brands, including Hanes, Maidenform, and Playtex, with Gildan’s global wholesale operations. Analysts say Gildan’s low-cost manufacturing could improve efficiency. The acquisition follows years of challenges for Hanesbrands, including declining sales and heavy debt, though recent cost-cutting improved … Continue reading Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business

Bullish stock ends first day at $70 with 90% gain

Bullish (BLSH), the cryptocurrency exchange and CoinDesk owner, saw its stock surge 8% pre-market Thursday to $75, doubling its $37 IPO price and valuing the company over $10 billion, despite a 20% drop from Wednesday’s opening at $90. Shares briefly spiked to $118 after trading began, prompting volatility halts. Bullish raised $1.1 billion in the IPO, above its expected $32–$33 range, following a failed 2021 … Continue reading Bullish stock ends first day at $70 with 90% gain

Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown

Cava shares fell 16% Wednesday after reporting weaker-than-expected quarterly same-store sales growth of 2.1%, far below Wall Street’s 6.1% forecast. The drop reflects a broader slowdown in fast-casual dining, as chains like Chipotle, Shake Shack, and Sweetgreen also report declining traffic and cautious consumers amid economic uncertainty. Executives cite “consumer fog” and low sentiment as key factors, though some chains are seeing modest recovery in … Continue reading Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown

Trump, Zelenskyy, NATO nations talk ahead of U.S.-Russia summit

President Trump, Ukrainian President Volodymyr Zelenskyy, and NATO leaders held virtual meetings Wednesday ahead of Trump’s summit with Russian President Vladimir Putin in Alaska on Friday. German Chancellor Friedrich Merz organized the calls to ensure European and Ukrainian voices are heard. Zelenskyy and Merz emphasized that Ukraine must have a seat at the table, sovereignty must be respected, and security guarantees are essential, CBS News … Continue reading Trump, Zelenskyy, NATO nations talk ahead of U.S.-Russia summit