More than 70 million Americans sweated through the muggiest first two months of summer on record as climate change has noticeably dialed up the Eastern United States’ humidity in recent decades, an Associated Press data analysis shows.

And that meant uncomfortably warm and potentially dangerous nights in many cities the last several weeks, the National Weather Service said.

Parts of 27 states and Washington, D.C., had a record amount of days that meteorologists call uncomfortable — with average daily dew points of 65 degrees Fahrenheit or higher — in June and July, according to data derived from the Copernicus Climate Service.

And that’s just the daily average. In much of the East, the mugginess kept rising to near tropical levels for a few humid hours. Philadelphia had 29 days, Washington had 27 days and Baltimore had 24 days where the highest dew point simmered to at least 75 degrees, which even the the weather service office in Tampa calls oppressive, according to weather service data.

Dew point is a measure of moisture in the air expressed in degrees that many meteorologists call the most accurate way to describe humidity. The summer of 2025 so far has had dew points that average at least 6 degrees higher than the 1951-2020 normals in Washington, Baltimore, Pittsburgh, Richmond, Columbus and St. Louis, the AP calculations show. The average June and July humidity for the entire country east of the Rockies rose to more than 66 degrees, higher than any year since measurements started in 1950.

“This has been a very muggy summer. The humid heat has been way up,” said Bernadette Woods Placky, chief meteorologist at Climate Central.

Twice this summer climate scientist and humidity expert Cameron Lee of Kent State University measured dew points of about 82 degrees at his home weather station in Ohio. That’s off the various charts that the weather service uses to describe what dew points feel like.

“There are parts of the United States that are experiencing not only greater average humidity, especially in the spring and summer, but also more extreme humid days,” Lee said. He said super sticky days are now stretching out over more days and more land.

High humidity doesn’t allow the air to cool at night as much as it usually does, and the stickiness contributed to multiple nighttime temperature records from the Ohio Valley through the Mid-Atlantic and up and down coastal states, said Zack Taylor, forecast operations chief at the National Weather Service’s Weather Prediction Center. Raleigh, Charlotte, Nashville, Virginia Beach, Va., and Wilmington, N.C., all reached records for the hottest overnight lows. New York City, Columbus, Atlanta, Richmond, Knoxville, Tennessee and Concord, New Hampshire came close, he said.

“What really impacts the body is that nighttime temperature,” Taylor said. “So if there’s no cooling at night or if there’s a lack of cooling it doesn’t allow your body to cool off and recover from what was probably a really hot afternoon. And so when you start seeing that over several days, that can really wear out the body, especially of course if you don’t have access to cooling centers or air conditioning.”

An extra hot and rainy summer weather pattern is combining with climate change from the burning of coal, oil and natural gas, Woods Placky said.

The area east of the Rockies has on average gained about 2.5 degrees in summer dew point since 1950, the AP analysis of Copernicus data shows. In the 1950s, 1960s, 1970s, 1980s and part of the 1990s, the eastern half of the country had an average dew point in the low 60s, what the weather service calls noticeable but OK. In four of the last six years that number has been near and even over the uncomfortable line of 65.

“It’s huge,” Lee said of the 75-year trend. “This is showing a massive increase over a relatively short period of time.”

That seemingly small increase in average dew points really means the worst ultra-sticky days that used to happen once a year, now happen several times a summer, which is what affects people, Lee said.

Higher humidity and heat feed on each other. A basic law of physics is that the atmosphere holds an extra 4% more water for every degree Fahrenheit (7% for every degree Celsius) warmer it gets, meteorologists said.

For most of the summer, the Midwest and East were stuck under either incredibly hot high pressure systems, which boosted temperatures, or getting heavy and persistent rain in amounts much higher than average, Taylor said. What was mostly missing was the occasional cool front that pushes out the most oppressive heat and humidity. That finally came in August and brought relief, he said.

Humidity varies by region. The West is much drier. The South gets more 65-degree dew points in the summer than the North. But that’s changing.

University of Georgia meteorology professor Marshall Shepherd said uncomfortable humidity is moving further north, into places where people are less used to it.

Summers now, he said, “are not your grandparents’ summers.”

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Borenstein reported from Washington and Wildeman reported from Hartford, Connecticut.

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The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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A group of masked thieves stole about $7,000 worth of Labubu dolls from a Los Angeles-area store this week, authorities said.

The incident took place early Wednesday morning at a store in La Puente, a city about 18 miles (29 kilometers) east of Los Angeles, the LA County Sheriff’s Department said. The department said the suspects used a stolen Toyota Tacoma in the incident, which was recovered shortly afterward. The agency said it was investigating the case and did not have additional information.

Labubu dolls, created by Hong Kong-born artist Kasing Lung, have become a popular collectible item a decade after the toothy monsters were first introduced.

Toy vendor One Stop Shop said in an Instagram post that the thieves took all of the store’s inventory and trashed the establishment. The store posted surveillance footage showing a group of people wearing hoodies and face coverings breaking in. The suspects are seen shuffling through items and carrying boxes out of the shop.

“We are still in shock,” the store said in its post, urging people to help find the thieves.

This story was originally featured on Fortune.com

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A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower.

Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could help boost the economy by making it cheaper for people to borrow money to buy a house or a car, but it could also threaten to push inflation higher.

Bowman and a fellow dissenter lost out after nine other Fed officials voted to keep interest rates steady, as the Fed has been doing all year. The Fed’s chair, Jerome Powell, has been adamant that he wants to wait for more data about how President Donald Trump’s tariffs are affecting inflation before the Fed makes its next move.

At a speech during a bankers’ conference in Colorado on Saturday, Bowman said that “the latest labor market data reinforce my view” that the Fed should cut interest rates three times this year. The Fed has only three meetings left on the schedule in 2025.

The jobs report that arrived last week, only a couple of days after the Fed voted on interest rates, showed that employers hired far fewer workers last month than economists expected. It also said that hiring in prior months was much lower than initially thought.

On inflation, meanwhile, Bowman said she is getting more confident that Trump’s tariffs “will not present a persistent shock to inflation” and sees it moving closer to the Fed’s 2% target. Inflation has come down substantially since hitting a peak above 9% after the pandemic, but it has been stubbornly remaining above 2%.

The Fed’s job is to keep the job market strong, while keeping a lid on inflation. Its challenge is that it has one main tool to affect both those areas, and helping one by moving interest rates up or down often means hurting the other.

A fear is that Trump’s tariffs could box in the Federal Reserve by sticking the economy in a worst-case scenario called “stagflation,” where the economy stagnates but inflation is high. The Fed has no good tool to fix that, and it would likely have to prioritize either the job market or inflation before helping the other.

On Wall Street, expectations are that the Fed will have to cut interest rates at its next meeting in September after the U.S. jobs report came in so much below economists’ expectations.

Trump has been calling angrily for lower interest rates, often personally insulting Powell while doing so. He has the opportunity to add another person to the Fed’s board of governors after an appointee of former President Joe Bidenstepped down recently.

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Michigan Gov. Gretchen Whitmer met privately in the Oval Office with President Donald Trump to make a case he did not want to hear: the automotive industry he said he wants to save were being hurt by his tariffs.

The Democrat came with a slide deck to make her points in a visual presentation. Just getting the meeting Tuesday with the Republican president was an achievement for someone viewed as a contender for her party’s White House nomination in 2028.

Whitmer’s strategy for dealing with Trump highlights the conundrum for her and other Democratic leaders as they try to protect the interests of their states while voicing their opposition to his agenda. It’s a dynamic that Whitmer has navigated much differently from many other Democratic governors.

The fact that Whitmer had “an opening to make direct appeals” in private to Trump was unique in this political moment, said Matt Grossman, a Michigan State University politics professor.

It was her third meeting with Trump at the White House since he took office in January. This one, however, was far less public than the time in April when Whitmer was unwittingly part of an impromptu news conference that embarrassed her so much she covered her face with a folder.

On Tuesday, she told the president that the economic damage from the tariffs could be severe in Michigan, a state that helped deliver him the White House in 2024. Whitmer also brought up federal support for recovery efforts after an ice storm and sought to delay changes to Medicaid.

Trump offered no specific commitments, according to people familiar with the private conversation who were not authorized to discuss it publicly and spoke only on condition of anonymity to describe it.

Whitmer is hardly the only one sounding the warning of the potentially damaging consequences, including factory job losses, lower profits and coming price increases, of the import taxes that Trump has said will be the economic salvation for American manufacturing.

White House spokesman Kush Desai that no other president “has taken a greater interest in restoring American auto industry dominance than President Trump.” Trade frameworks negotiated by the administration would open up the Japanese, Korean and European markets for vehicles made on assembly lines in Michigan, Desai said.

But the outreach Trump has preferred tends to be splashy presentations by tech CEOs. In the Oval Office on Wednesday, Apple CEO Tim Cook gave the president a customized glass plaque with a gold base as Cook promised $600 billion in investments. Trump claims to have brought in $17 trillion in investment commitments, although none of those numbers has surfaced yet in economic data.

Under his series of executive orders and trade frameworks, U.S. automakers face import taxes of 50% on steel and aluminum, 30% on parts from China and a top rate of 25% on goods from Canada and Mexico not covered under an existing 2020 trade agreement. That puts America’s automakers and parts suppliers at a disadvantage against German, Japanese and South Korean vehicles that only face a 15% import tax negotiated by Trump last month.

On top of that, Trump this past week threatened a 100% tariff on computer chips, which are an integral part of cars and trucks, though he would exclude companies that produce chips domestically from the tax.

Whitmer’s two earlier meetings with Trump resulted in gains for Michigan. But the tariffs represent a significantly broader request of a president who has imposed them even more aggressively in the face of criticism.

Materials in the presentation brought Whitmer to the meeting and obtained by The Associated Press noted how trade with Canada and Mexico has driven $23.2 billion in investment to Michigan since 2020.

General Motors, Ford, and Stellantis operate 50 factories across the state, while more than 4,000 facilities support the auto parts supply chain. Altogether, the sector supports nearly 600,000 manufacturing jobs, forming the backbone of Michigan’s economy.

Whitmer outlined the main points of the materials to Trump and left copies with his team.

To Grossman, the Michigan State professor, a key question is whether voters who expected to be helped by tariffs would react if Trump’s import taxes failed to deliver the promised economic growth.

“Everyone’s aware that Michigan is a critical swing state and the auto industry has outsized influence, not just directly, but symbolically,” Grossman said.

AP VoteCast found that Trump won Michigan in 2024 largely because two-thirds of its voters described the economic conditions as being poor or “not so good.” Roughly 70% of the voters in the state who felt negatively about the economy backed the Republican. The state was essentially split over whether tariffs were a positive, with Trump getting 76% of those voters who viewed them favorably.

The heads of General Motors, Ford and Stellantis have repeatedly warned the administration that the tariffs would cut company profits and undermine their global competitiveness. Their efforts have resulted in little more than a temporary, monthlong pause intended to give companies time to adjust. The reprieve did little to blunt the financial fallout.

In the second quarter alone, Ford reported $800 million in tariff-related costs, while GM said the import taxes cost it $1.1 billion. Those expenses could make it harder to reinvest in new domestic factories, a goal Trump has championed.

“We expect tariffs to be a net headwind of about $2 billion this year, and we’ll continue to monitor the developments closely and engage with policymakers to ensure U.S. autoworkers and customers are not disadvantaged by policy change,” Ford CEO Jim Farley said on his company’s earning call.

Since Trump returned to the White House, Michigan has lost 7,500 manufacturing jobs, according to the Bureau of Labor Statistics.

Smaller suppliers have felt the strain, too.

Detroit Axle, a family-run auto parts distributor, has been one of the more vocal companies in Michigan about the impact of the tariffs. The company initially announced it might have to shut down a warehouse and lay off more than 100 workers, but later said it would be able to keep the facility open, at least for now.

“Right now it’s a market of who is able to survive, it’s not a matter of who can thrive,” said Mike Musheinesh, owner of Detroit Axle.

This story was originally featured on Fortune.com

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 Amid rising electric bills, states are under pressure to insulate regular household and business ratepayers from the costs of feeding Big Tech’s energy-hungrydata centers.

It’s not clear that any state has a solution and the actual effect of data centers on electricity bills is difficult to pin down. Some critics question whether states have the spine to take a hard line against tech behemoths like Microsoft, Google, Amazon and Meta.

But more than a dozen states have begun taking steps as data centers drive a rapid build-out of power plants and transmission lines.

That has meant pressuring the nation’s biggest power grid operator to clamp down on price increases, studying the effect of data centers on electricity bills or pushing data center owners to pay a larger share of local transmission costs.

Rising power bills are “something legislators have been hearing a lot about. It’s something we’ve been hearing a lot about. More people are speaking out at the public utility commission in the past year than I’ve ever seen before,” said Charlotte Shuff of the Oregon Citizens’ Utility Board, a consumer advocacy group. “There’s a massive outcry.”

Not the typical electric customer

Some data centers could require more electricity than cities the size of Pittsburgh, Cleveland or New Orleans, and make huge factories look tiny by comparison. That’s pushing policymakers to rethink a system that, historically, has spread transmission costs among classes of consumers that are proportional to electricity use.

“A lot of this infrastructure, billions of dollars of it, is being built just for a few customers and a few facilities and these happen to be the wealthiest companies in the world,” said Ari Peskoe, who directs the Electricity Law Initiative at Harvard University. “I think some of the fundamental assumptions behind all this just kind of breaks down.”

A fix, Peskoe said, is a “can of worms” that pits ratepayer classes against one another.

Some officials downplay the role of data centers in pushing up electric bills.

Tricia Pridemore, who sits on Georgia’s Public Service Commission and is president of the National Association of Regulatory Utility Commissioners, pointed to an already tightened electricity supply and increasing costs for power lines, utility poles, transformers and generators as utilities replace aging equipment or harden it against extreme weather.

The data centers needed to accommodate the artificial intelligence boom are still in the regulatory planning stages, Pridemore said, and the Data Center Coalition, which represents Big Tech firms and data center developers, has said its members are committed to paying their fair share.

But growing evidence suggests that the electricity bills of some Americans are rising to subsidize the massive energy needs of Big Tech as the U.S. competes in a race against China for artificial intelligence superiority.

Data and analytics firm Wood Mackenzie published a report in recent weeks that suggested 20 proposed or effective specialized rates for data centers in 16 states it studied aren’t nearly enough to cover the cost of a new natural gas power plant.

In other words, unless utilities negotiate higher specialized rates, other ratepayer classes — residential, commercial and industrial — are likely paying for data center power needs.

Meanwhile, Monitoring Analytics, the independent market watchdog for the mid-Atlantic grid, produced research in June showing that 70% — or $9.3 billion — of last year’s increased electricity cost was the result of data center demand.

States are responding

Last year, five governors led by Pennsylvania’s Josh Shapiro began pushing back against power prices set by the mid-Atlantic grid operator, PJM Interconnection, after that amount spiked nearly sevenfold. They warned of customers “paying billions more than is necessary.”

PJM has yet to propose ways to guarantee that data centers pay their freight, but Monitoring Analytics is floating the idea that data centers should be required to procure their own power.

In a filing last month, it said that would avoid a “massive wealth transfer” from average people to tech companies.

At least a dozen states are eyeing ways to make data centers pay higher local transmission costs.

In Oregon, a data center hot spot, lawmakers passed legislation in June ordering state utility regulators to develop new — presumably higher — power rates for data centers.

The Oregon Citizens’ Utility Board says there is clear evidence that costs to serve data centers are being spread across all customers — at a time when some electric bills there are up 50% over the past four years and utilities are disconnecting more people than ever.

New Jersey’s governor signed legislation last month commissioning state utility regulators to study whether ratepayers are being hit with “unreasonable rate increases” to connect data centers and to develop a specialized rate to charge data centers.

In some other states, like Texas and Utah, governors and lawmakers are trying to avoid a supply-and-demand crisis that leaves ratepayers on the hook — or in the dark.

Doubts about states protecting ratepayers

In Indiana, state utility regulators approved a settlement between Indiana Michigan Power Co., Amazon, Google, Microsoft and consumer advocates that set parameters for data center payments for service.

Kerwin Olsen, of the Citizens Action Council of Indiana, a consumer advocacy group, signed the settlement and called it a “pretty good deal” that contained more consumer protections than what state lawmakers passed.

But, he said, state law doesn’t force large power users like data centers to publicly reveal their electric usage, so pinning down whether they’re paying their fair share of transmission costs “will be a challenge.”

In a March report, the Environmental and Energy Law Program at Harvard University questioned the motivation of utilities and regulators to shield ratepayers from footing the cost of electricity for data centers.

Both utilities and states have incentives to attract big customers like data centers, it said.

To do it, utilities — which must get their rates approved by regulators — can offer “special deals to favored customers” like a data center and effectively shift the costs of those discounts to regular ratepayers, the authors wrote. Many state laws can shield disclosure of those rates, they said.

In Pennsylvania, an emerging data center hot spot, the state utility commission is drafting a model rate structure for utilities to consider adopting. An overarching goal is to get data center developers to put their money where their mouth is.

“We’re talking about real transmission upgrades, potentially hundreds of millions of dollars,” commission chairman Stephen DeFrank said. “And that’s what you don’t want the ratepayer to get stuck paying for.”

This story was originally featured on Fortune.com

© Jenny Kane—AP Photo

Mexican authorities are accusing sportswear company Adidas of plagiarizing artisans in southern Mexico, alleging that a new sandal design is strikingly similar to the traditional Indigenous footwear known as huaraches.

The controversy has fueled accusations of cultural appropriation by the footwear brand, with authorities saying this is not the first time traditional Mexican handicrafts have been copied. Citing these concerns, local authorities have asked Adidas to withdraw the shoe model.

Mexican President Claudia Sheinbaum said on Friday that Adidas was already in talks with authorities in the southern Mexican state of Oaxaca to provide “compensation for the people who were plagiarized,” and that her government was preparing legal reforms to prevent the copying of Mexican handicrafts.

The design at the center of the controversy is the “Oaxaca Slip-On,” a sandal created by U.S. designer Willy Chavarría for Adidas Originals. The sandals feature thin leather straps braided in a style that is unmistakably similar to the traditional Mexican huaraches. Instead of flat leather soles, the Adidas shoes tout a more chunky, sports shoe sole.

According to Mexican authorities, Adidas’ design contains elements that are part of the cultural heritage of the Zapotec Indigenous communities in Oaxaca, particularly in the town of Villa Hidalgo de Yalálag. Handicrafts are a crucial economic lifeline in Mexico, providing jobs for around half a million people across the country. The industry accounts for around 10% of the gross domestic product of states like Oaxaca, Jalisco, Michoacán and Guerrero.

For Viridiana Jarquín García, a huaraches creator and vendor in Oaxaca’s capital, the Adidas shoes were a “cheap copy” of the kind of work that Mexican artists take time and care to craft.

“The artistry is being lost. We’re losing our tradition,” she said in front of her small booth of leather shoes.

Authorities in Oaxaca have called for the “Oaxaca Slip-On” to be withdrawn and demanded a public apology from Adidas, with officials describing the design as “cultural appropriation” that may violate Mexican law.

In a public letter to Adidas leadership, Oaxaca state Gov. Salomón Jara Cruz criticized the company’s design, saying that “creative inspiration” is not a valid justification for using cultural expressions that “provide identity to communities.”

“Culture isn’t sold, it’s respected,” he added.

Adidas responded in a letter Friday afternoon, saying that the company “deeply values the cultural wealth of Mexico’s Indigenous people and recognizes the relevance” of the criticisms. It requested to sit down with local officials and to discuss how it can “repair the damage” to Indigenous populations.

The controversy follows years of efforts by Mexico’s government and artisans to push back on major global clothing brands who they say copy traditional designs.

In 2021, the federal government asked manufacturers including Zara, Anthropologie and Patowl to provide a public explanation for why they copied clothing designs from Oaxaca’s Indigenous communities to sell in their stores.

Now, Mexican authorities say they’re trying to work out stricter regulations in an effort to protect artists. But Marina Núñez, Mexico’s undersecretary of cultural development, noted that they also want to establish guidelines to not deprive artists of “the opportunity to trade or collaborate with several of these companies that have very broad commercial reach.”

This story was originally featured on Fortune.com

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The Trump administration is seeking a $1 billion settlement from the University of California, Los Angeles, a White House official said Friday, weeks after the Department of Justice accused the school of antisemitism and other civil rights violations.

UCLA is the first public university to be targeted by a widespread funding freeze over allegations of civil rights violations related to antisemitism and affirmative action.

President Donald Trump’s administration has frozen or paused federal funding over similar allegations against elite private colleges. In recent weeks, the administration has struck deals with Brown University for $50 million and Columbia University for $221 million but has explored larger settlements, such as with Harvard University.

The White House official did not detail any additional demands the administration has made to UCLA or elaborate on the settlement amount. The person was not authorized to speak publicly about the request and spoke on condition of anonymity.

The Trump administration suspended $584 million in federal grants for UCLA, the university said this week. The Department of Justice’s Civil Rights Division issued a finding that UCLA violated the equal protection clause of the Fourteenth Amendment and Title VI of the Civil Rights Act of 1964 “by acting with deliberate indifference in creating a hostile educational environment for Jewish and Israeli students.”

The university had drawn widespread criticism for how it handled dispersing an encampment of Israel-Hamas war protesters in 2024. Jewish students said demonstrators in the encampment blocked them from getting to class. One night, counterprotesters attacked the encampment, throwing traffic cones and firing pepper spray, with fighting that continued for hours, injuring more than a dozen people, before police stepped in. The next day, after hundreds defied orders to leave, more than 200 people were arrested.

The University of California’s president, James B. Milliken, said in a statement Friday that the university was reviewing a document it “just received” from the Department of Justice.

“Earlier this week, we offered to engage in good faith dialogue with the Department to protect the University and its critical research mission,” Milliken said. “As a public university, we are stewards of taxpayer resources and a payment of this scale would completely devastate our country’s greatest public university system as well as inflict great harm on our students and all Californians.”

This would not be the university’s first settlement over the 2024 protests. Last month, UCLA reached a $6 million settlement with three Jewish students and a Jewish professor who sued, arguing that the university violated their civil rights by allowing pro-Palestinian protesters to block their access to classes and other areas on campus in 2024.

The settlement comes nearly a year after a preliminary injunction was issued, marking the first time a U.S. judge had ruled against a university over their handling of on-campus demonstrations against Israel’s war in Gaza.

UCLA initially had argued that it had no legal responsibility over the issue because protesters, not the university, blocked Jewish students’ access to areas. The university also worked with law enforcement to thwart attempts to set up new protest camps.

But U.S. District Judge Mark Scarsi disagreed and ordered UCLA to create a plan to protect Jewish students on campus. The University of California, one of the nation’s largest public university systems, has since created systemwide campus guidelines on protests and has said it is committed to campus safety and inclusivity and will continue to implement recommendations.

As part of the settlement, UCLA said it will contribute $2.3 million to eight organizations that combat antisemitism and support the university’s Jewish community. It also has created an Office of Campus and Community Safety, instituting new policies to manage protests on campus.

UCLA Chancellor Julio Frenk, whose Jewish father and grandparents fled Nazi Germany to Mexico and whose wife is the daughter of a Holocaust survivor, launched an initiative to combat antisemitism and anti-Israeli bias.

The Trump administration has used its control of federal funding to push for reforms at elite colleges that the president decries as overrun by liberalism and antisemitism. The administration also has launched investigations into diversity, equity and inclusion efforts, saying they discriminate against white and Asian American students.

Last month Columbia University agreed to pay $200 million as part of a settlement to resolve investigations into the government’s allegations that the school violated federal antidiscrimination laws. The agreement also restores more than $400 million in research grants.

The Trump administration plans to use its deal with Columbia as a template for other universities, with financial penalties that are now seen as an expectation.

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AP reporters Jocelyn Gecker and Julie Watson contributed to this report.

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© AP Photo/Damian Dovarganes, File

President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve’s board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment.

Trump said he has named Stephen Miran, the chair of the White House’s Council of Economic Advisers, to fill a seat vacated by governor Adriana Kugler, a Biden appointee who is stepping down Friday. Miran, if approved by the Senate, will serve until January 31, 2026.

The appointment is Trump’s first opportunity to exert more control over the Fed, one of the few remaining independent federal agencies. Trump has relentlessly criticized the current chair, Jerome Powell, for keeping short-term interest rates unchanged, calling him “a stubborn MORON” last week on social media.

Miran has been a major defender of Trump’s income tax cuts and tariff hikes, arguing that the combination will generate enough economic growth to reduce budget deficits. He also has played down the risk of Trump’s tariffs generating higher inflation, a major source of concern for Powell.

The choice of Miran may heighten concerns about political influence over the Fed, which has traditionally been insulated from day-to-day politics. Fed independence is generally seen as key to ensuring that it can take difficult steps to combat inflation, such as raising interest rates, that politicians might be unwilling to take.

Federal Reserve governors vote on all the central bank’s interest-rate decisions, as well as its financial regulatory policies.

Miran’s nomination, if approved, would add a near-certain vote in support of lower interest rates. Kugler had echoed Powell’s view that the Fed should keep rates unchanged and further evaluate the impact of tariffs on the economy before making any moves.

Trump has said he will appoint Fed officials who will cut interest rates, which he says will reduce the borrowing costs of the federal government’s huge $36 trillion debt pile. Trump also wants lower rates to boost moribund home sales, which have been held back partly by higher mortgage costs. Yet the Fed doesn’t directly set longer-term interest rates for things like home and car purchases.

At its most recent meeting last week, Fed officials kept their key rate unchanged at 4.3%, where it has stood after three rate cuts late last year. But two Fed governors — Christopher Waller and Michelle Bowman — dissented from that decision. Both were appointed by Trump in his first term.

Still, even with Miran on the board, 12 Fed officials vote on interest rate policy and many remain concerned that Trump’s sweeping tariffs could push inflation higher in the coming months.

Miran could be renominated to a longer term on the Fed once his initial appointment is concluded, or replaced by another nominee.

Powell’s term as chair ends in May 2026. Yet, Powell could remain on the board of governors until January 2028, even after he steps down as chair. That would deny, or at least delay, an opportunity for Trump to appoint an additional policymaker to the Fed’s board.

As a result, one option for Trump is to appoint Powell’s eventual replacement as chair to replace Kugler once the remaining four months of her term are completed. Leading candidates for that position include Kevin Warsh, a former Fed governor from 2006 to 2011 and frequent critic of Powell’s chairmanship, and Kevin Hassett, another top Trump economic adviser.

Another option for the White House next May would be to select Waller, who is already on the board, to replace Powell, and who has been widely mentioned as a candidate.

Marco Casiraghi, senior economist at investment bank Evercore ISI, noted that the choice of Miran could be a positive sign for Waller, because Trump did not take the opportunity to nominate someone likely to become chair once Powell steps down.

After the July jobs report was released last Friday, Miran criticized the Fed chair for not cutting benchmark interest rates, saying that Trump had been proven correct on inflation during his first term and would be again. The president has pressured Powell to cut short-term interest rates under the belief that his tariffs will not fuel higher inflationary pressures.

“What we’re seeing now in real time is a repetition once again of this pattern where the president will end up having been proven right,” Miran said on MSNBC. “And the Fed will, with a lag and probably quite too late, eventually catch up to the president’s view.”

Last year, Miran expressed support for some unconventional economic views in commentaries on the Fed and international economics.

Last November, he proposed measures that would reduce the value of the dollar in order to boost exports, reduce imports and cut the U.S. trade deficit, a top priority for Trump. He also suggested tariffs could push U.S. trading partners, such as the European Union and Japan, to accept a cheaper dollar as part of a “Mar-a-Lago Accord,” an echo of the Plaza Accord reached in the 1980s that lowered the dollar’s value.

As a fellow at the conservative Manhattan Institute, Miran in March 2024 also proposed overhauling the Fed’s governance, including by making it easier for a president to fire members of its board of governors.

“The Fed’s current governance has facilitated groupthink that has led to significant monetary-policy errors,” Miran wrote in a paper with Dan Katz, now a top official at the Treasury Department.

This story was originally featured on Fortune.com

© AP Photo/Alex Brandon, File

President Donald Trump said Friday that he will meet with Russian President Vladimir Putin next Friday in Alaska to discuss ending the war in Ukraine, a potential major milestone after expressing weeks of frustration that more was not being done to quell the fighting.

Speaking to reporters at the White House after announcing a framework aimed at ending decades of conflict elsewhere in the world — between Armenia and Azerbaijan — Trump refused to say exactly when or where he would meet with Putin, but that he planned to announce a location soon. Later on social media, he announced what he called “the highly anticipated meeting” would happen Aug. 15 in Alaska. He said more details would follow. The Kremlin has not yet confirmed the details.

He suggested earlier Friday that his meeting with the Russian leader could come before any sit-down discussion involving Ukrainian President Volodymyr Zelenskyy.

“We’re going to have a meeting with Russia, start off with Russia. And we’ll announce a location. I think the location will be a very popular one,” Trump said.

He added: “It would have been sooner, but I guess there’s security arrangements that unfortunately people have to make. Otherwise I’d do it much quicker. He would, too. He’d like to meet as soon as possible. I agree with it. But we’ll be announcing that very shortly.”

If it happens, the meeting would be the first U.S.-Russia summit since 2021, when former President Joe Biden met Putin in Geneva. It could mean a breakthrough in Trump’s effort to end the war, although there’s no guarantee it would stop the fighting since Moscow and Kyiv remain far apart on their conditions for peace.

Still, Trump said, “President Putin, I believe, wants to see peace, and Zelenskyy wants to see peace.” He said that, “In all fairness to President Zelenskyy, he’s getting everything he needs to, assuming we get something done.”

Trump also said that a peace deal would likely mean “there will be some swapping of territories” between Ukraine and Russia but didn’t provide further details.

Trump said of territory generally “we’re looking to get some back and some swapping. It’s complicated.”

“Nothing easy,” the president said. “But we’re gonna get some back. We’re gonna get some switched. There’ll be some swapping of territories, to the betterment of both.”

Analysts, including some close to the Kremlin, have suggested that Russia could offer to give up territory it controls outside of the four regions it claims to have annexed.

Pressed on if this was the last chance to make a major peace deal, Trump said, “I don’t like using the term last chance,” and said that, “When those guns start going off, it’s awfully tough to get ’em to stop.”

Exasperated that Putin did not heed his calls to stop bombing Ukrainian cities, Trump almost two weeks ago moved up his ultimatum to impose additional sanctions on Russia and introduce secondary tariffs targeting countries that buy Russian oil if the Kremlin did not move toward a settlement. The deadline was Friday.

Prior to his announcing the meeting with Putin, Trump’s efforts to pressure Russia into stopping the fighting have so far delivered no progress. The Kremlin’s bigger army is slowly advancing deeper into Ukraine at great cost in troops and armor while it relentlessly bombards Ukrainian cities. Russia and Ukraine are far apart on their terms for peace.

Ukrainian troops say they are ready to keep fighting

Ukrainian forces are locked in intense battles along the 1,000-kilometer (620-mile) front line that snakes from northeast to southeast Ukraine. The Pokrovsk area of the eastern Donetsk region is taking the brunt of punishment as Russia seeks to break out into the neighboring Dnipropetrovsk region. Ukraine has significant manpower shortages.

Intense fighting is also taking place in Ukraine’s northern Sumy border region, where Ukrainian forces are engaging Russian soldiers to prevent reinforcements being sent from there to Donetsk.

In the Pokrovsk area of Donetsk, a commander said he believes Moscow isn’t interested in peace.

“It is impossible to negotiate with them. The only option is to defeat them,” Buda, a commander of a drone unit in the Spartan Brigade, told The Associated Press. He used only his call sign, in keeping with the rules of the Ukrainian military.

“I would like them to agree and for all this to stop, but Russia will not agree to that. It does not want to negotiate. So the only option is to defeat them,” he said.

In the southern Zaporizhzhia region, a howitzer commander using the call sign Warsaw, said troops are determined to thwart Russia’s invasion.

“We are on our land, we have no way out,” he said. “So we stand our ground, we have no choice.”

Putin makes a flurry of phone calls

The Kremlin said Friday that Putin had a phone call with Chinese leader Xi Jinping, during which the Russian leader informed Xi about the results of his meeting earlier this week with Trump envoy Steve Witkoff. Kremlin officials said Xi “expressed support for the settlement of the Ukrainian crisis on a long-term basis.”

Putin is due to visit China next month. China, along with North Korea and Iran, have provided military support for Russia’s war effort, the U.S. says.

Indian Prime Minister Narendra Modi said on X that he also had a call with Putin to speak about the latest Ukraine developments. Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, which the American president says is helping to finance Russia’s war.

Putin’s calls followed his phone conversations with the leaders of South Africa, Kazakhstan, Uzbekistan and Belarus, the Kremlin said.

The calls suggested to at least one analyst that Putin perhaps wanted to brief Russia’s most important allies about a potential settlement that could be reached at a summit with Trump.

“It means that some sort of real peace agreement has been reached for the first time,” said Sergei Markov, a pro-Kremlin Moscow-based analyst.

Analysts say Putin is aiming to outlast the West

Trump’s Friday comments came after he said he would meet with Putin even if the Russian leader will not meet with Zelenskyy. That stoked fears in Europe that Ukraine could be sidelined in efforts to stop the continent’s biggest conflict since World War II.

Putin said in a previous statement that he hoped to meet with Trump as early as next week, possibly in the United Arab Emirates.

The Institute for the Study of War, a Washington think tank, said in an assessment Thursday that “Putin remains uninterested in ending his war and is attempting to extract bilateral concessions from the United States without meaningfully engaging in a peace process.”

“Putin continues to believe that time is on Russia’s side and that Russia can outlast Ukraine and the West,” it said.

This story was originally featured on Fortune.com

© Brendan Smialowski—AFP via Getty Images

Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign.

“The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!”

Trump made the post after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People’s Liberation Army, and asked the board whether Tan had divested his interests in these companies to eliminate any conflicts of interest.

Intel did not immediately respond to a request for comment, so it is not immediately clear if Tan has divested his interests in the companies.

“In March 2025, Intel appointed Lip-Bu Tan as its new CEO,” Cotton wrote in the letter. “Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People’s Liberation Army.”

Tan, who took over as CEO in March, previously launched the venture capital firm Walden International in 1987 to focus on funding tech start-ups, including chip makers. China’s state media has described Tan as “actively” devoted to Chinese and Asian markets, having invested not only in the Taiwan Semiconductor Manufacturing Company but also China’s state-owned enterprise SMIC, which seeks to advance China’s chipmaking capabilities.

The demands made by Trump and Cotton come as economic and political rivalries between the U.S. and China increasingly focus on the competition over chips, AI and other digital technologies that experts say will shape future economies and military conflicts.

Cotton, the chairman of the Senate Intelligence Committee, has raised concerns that Chinese spies could be working at tech companies and defense contractors, using their positions to steal secrets or plant digital backdoors that give China access to classified systems and networks.

On Thursday the Arkansas Republican wrote to the Department of Defense urging Defense Secrectary Pete Hegseth to ban all non-U.S. citizens from jobs allowing them to access DoD networks. He has also demanded an investigation into Chinese citizens working for defense contractors.

“The U.S. government recognizes that China’s cyber capabilities pose one of the most aggressive and dangerous threats to the United States, as evidenced by infiltration of our critical infrastructure, telecommunications networks, and supply chains,” Cotton wrote in an earlier letter calling on the Pentagon to conduct the investigation.

National security officials have linked China’s government to hacking campaigns targeting prominent Americans and critical U.S. systems.

“U.S. companies who receive government grants should be responsible stewards of taxpayer dollars and adhere to strict security regulations,” Cotton wrote on the social platform X.

Intel had been a beneficiary of the Biden administration’s CHIPS Act, receiving more than $8 billion in federal funding to build computer chip plants around the country.

Shares of the California company slid 3.5%, while markets, particularly the tech-heavy Nasdaq, gained ground.

Founded in 1968 at the start of the PC revolution, Intel missed the technological shift to mobile computing triggered by Apple’s 2007 release of the iPhone, and it’s lagged more nimble chipmakers. Intel’s troubles have been magnified since the advent of artificial intelligence — a booming field where the chips made by once-smaller rival Nvidia have become tech’s hottest commodity.

Intel is shedding thousands of workers and cutting expenses — including some domestic semiconductor manufacturing capabilities — as Tan tries to revive the fortunes of the struggling chipmaker.

This story was originally featured on Fortune.com

© AP Photo/Chiang Ying-ying, File

Museums throughout New York City were just reopening in the wake of the COVID pandemic when Jane August launched what seemed like a straightforward plan: She would travel to every single museum in the city, producing a short video log of each one. She figured it would take three years at most.

But with 136 museums documented since 2021, she still has about 64 to go by her estimation. And with new museums opening and some old ones changing so dramatically that they deserve a revisit, the 26-year-old now says she’s realistically aiming to complete the project before she’s 30.

“At first, I started the project for myself to safely get out of my house and experience culture in the city again,” said August, who grew up in Arizona and has lived in New York for nine years. She said she wasn’t a big museum person before starting the project, and had only been to around seven at the time.

But as she began, the plan quickly evolved.

“I decided TikTok would be a cool way to document this so my friends could keep up with my journey and maybe discover something new,” August said. Her audience has since far expanded with about 40,000 followers across social platforms.

Museums big and small, Manhattan and beyond

Visiting its museums has sparked a new appreciation for New York City, she said, as well as for the sheer breadth of what’s on offer, particularly for those willing to explore smaller museums and those in the boroughs beyond Manhattan.

And yes, she has favorites.

“I love Poster House. It’s the first poster museum in the country, has great programming and is free on Fridays,” she says of the largely unsung museum at 23rd Street and Sixth Avenue, which features graphic design and advertising posters ranging from Art Nouveau to political propaganda.

Others on her list of favorites include the Tenement Museum in lower Manhattan and the Museum of the Moving Image in Queens, as well as three Brooklyn museums: the Brooklyn Seltzer Museum, the New York Sign Museum and the Red Hook Pinball Museum. She also has a soft spot for The Paley Center for Media NYC in midtown Manhattan.

“They have archives with every TV show you could possibly think of. It’s amazing,” she said of The Paley Center.

Staten Island offerings are worth the ferry ride

As for the city’s smallest borough, the ferry ride to Staten Island (free, with views of the Statue of Liberty along the way) is well worth the trip for museum-goers, she said.

The borough features the Newhouse Center of Contemporary Art, as well as the Alice Austen House, a Victorian Gothic house important to LGBTQ+ history. It was the home of one of the country’s earliest and most prolific female photographers, famous for documenting the city’s immigrant communities.

“You wouldn’t imagine that Staten Island had one of the gayest museums in New York, dedicated to a queer photographer, but it does,” August said.

Staten Island is also home to the Jacques Marchais Museum of Tibetan Art and the Chinese Scholar’s Garden, which claims to be one of only two authentic classical outdoor Chinese gardens in the United States.

“It’s so peaceful and quiet, and I love riding the ferry,” August said.

Taking advantage of free days and slow hours

While museums can be expensive, she said she makes good use of museum passes at her local library, and that many museums have days or times when they are free.

And because her “day jobs” tend to be at night — she works at different venues in ticketing and production, and also bartends — she’s able to visit museums in the middle of weekdays, when they tend to be less crowded.

August recently became a licensed New York City tour guide, and she says it’s given her a renewed appreciation both of the city and its visitors.

She’s also seen a few trends take hold, like the rise in museum programming aimed at younger audiences and the trend away from chronological exhibits, which she says make return visits less enticing.

“So many of us are desperate for third spaces,” she said, referring to a place distinct from both home and work where people can relax or socialize. “For a lot of us, we have a hunger to come back and visit again, especially when it’s free.”

Although big museums like the Metropolitan Museum of Art and the Museum of Modern Art can certainly be crowded, August says New York isn’t facing nearly the level of overcrowding as in European cities like Paris.

And at peak times and seasons, like summer, it’s nice to know there are plenty of smaller museums to visit.

Seeing the whole city

“I think this is especially important for the lesser-known museums that don’t often get press or social media features,” she said. “There are some small museums that get a huge bump in attendance and press after I have posted my videos so it’s exciting to be able to play a small role in that success.”

As for her motivation to continue the project, she said “it boils down to the people. I get to connect with fascinating and passionate people who are making these museums what they are and I get to connect with enthusiasts who want to find something fun to do with their weekend.”

For anyone interested in giving something like this a go for themselves, she says it takes a lot of endurance.

“Be prepared to go to corners of the city you never considered — I’m talking edges of the Bronx and middle of Staten Island,” she said. “But if you’re up for the challenge, you’ll probably gain a lot of insight on not just the museums and their content, but also the communities they serve.”

This story was originally featured on Fortune.com

© Spencer Platt/Getty Images

President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age.

“We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the Oval Office while meeting with Apple CEO Tim Cook. “But if you’re building in the United States of America, there’s no charge.”

The announcement came more than three months after Trump temporarily exempted most electronics from his administration’s most onerous tariffs.

The Republican president said companies that make computer chips in the U.S. would be spared the import tax. During the COVID-19 pandemic, a shortage of computer chips increased the price of autos and contributed to higher inflation.

Investors seemed to interpret the potential tariff exemptions as a positive for Apple and other major tech companies that have been making huge financial commitments to manufacture more chips and other components in the U.S..

Big Tech already has made collective commitments to invest about $1.5 trillion in the U.S. since Trump moved back into the White House in January. That figure includes a $600 billion promise from Apple after the iPhone maker boosted its commitment by tacking another $100 billion on to a previous commitment made in February.

Now the question is whether the deal brokered between Cook and Trump will be enough to insulate the millions of iPhones made in China and India from the tariffs that the administration has already imposed and reduce the pressure on the company to raise prices on the new models expected to be unveiled next month.

Wall Street certainly seems to think so. After Apple’s stock price gained 5% in Wednesday regular trading sessions, the shares rose by another 3% in extended trading after Trump announced some tech companies won’t be hit with the latest tariffs while Cook stood alongside him.

The shares of AI chipmaker Nvidia, which also has recently made big commitments to the U.S., rose slightly in extended trading to add to the $1 trillion gain in market value the Silicon Valley company has made since the start of Trump’s second administration.

The stock price of computer chip pioneer Intel, which has fallen on hard times, also climbed in extended trading.

Inquiries sent to chip makers Nvidia and Intel were not immediately answered. The chip industry’s main trade group, the Semiconductor Industry Association, declined to comment on Trump’s latest tariffs.

Demand for computer chips has been climbing worldwide, with sales increasing 19.6% in the year-ended in June, according to the World Semiconductor Trade Statistics organization.

Trump’s tariff threats mark a significant break from existing plans to revive computer chip production in the U.S. that were drawn up during the administration of President Joe Biden.

Since taking over from Biden, Trump has been deploying tariffs to incentivize more domestic production. Essentially, the president is betting that the threat of dramatically higher chip costs would force most companies to open factories domestically, despite the risk that tariffs could squeeze corporate profits and push up prices for mobile phones, TVs and refrigerators.

By contrast, the bipartisan CHIPS and Science Act that Biden signed into law in 2022 provided more than $50 billion to support new computer chip plants, fund research and train workers for the industry. The mix of funding support, tax credits and other financial incentives were meant to draw in private investment, a strategy that Trump has vocally opposed.

—

Liedtke reported from San Ramon, California.

This story was originally featured on Fortune.com

© AP Photo/Alex Brandon

President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.

The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes.

Trump’s moves could scramble the economic trajectory of India, which until recently was seen as an alternative to China by American companies looking to relocate their manufacturing. China also buys oil from Russia, but it was not included in the order signed by the Republican president.

As part of a negotiating period with Beijing, Trump has placed 30% tariffs on goods from China, a rate that is smaller than the combined import taxes with which he has threatened New Delhi.

Trump had previewed for reporters Tuesday that the tariffs would be coming. During an event in the Oval Office Wednesday with Apple CEO Tim Cook, Trump affirmed the 50% tariff number, not giving a specific answer as to whether additional tariffs on India would be dropped if there were a deal between Russia and Ukraine.

“We’ll determine that later,” Trump said. “But right now they’re paying a 50% tariff.”

The White House said Wednesday that Trump could meet in person with Russian President Vladimir Putin as soon as next week as he seeks to broker an end to the war.

The Indian government on Wednesday called the additional tariffs “unfortunate.”

“We reiterate that these actions are unfair, unjustified and unreasonable,” Foreign Ministry spokesman Randhir Jaiswal said in a statement, adding that India would take all actions necessary to protect its interests.

Jaiswal said India has already made its stand clear that the country’s imports were based on market factors and were part of an overall objective of ensuring energy security for its 1.4 billion people.

Ajay Srivastava, a former Indian trade official, said the latest tariff places the country among the most heavily taxed U.S. trading partners and far above rivals such as China, Vietnam and Bangladesh.

“The tariffs are expected to make Indian goods far costlier with the potential to cut exports by around 40%-50% to the U.S.,” he said.

Srivastava said Trump’s decision was “hypocritical” because China bought more Russian oil than India did last year.

“Washington avoids targeting Beijing because of China’s leverage over critical minerals which are vital for U.S. defense and technology,” he said.

In 2024, the U.S. ran a $45.8 billion trade deficit in goods with India, meaning America imported more from India than it exported, according to the U.S. Census Bureau. American consumers and businesses buy pharmaceutical drugs, precious stones and textiles and apparel from India, among other goods.

As the world’s largest country, India represented a way for the U.S. to counter China’s influence in Asia. But India has not supported the Ukraine-related sanctions by the U.S. and its allies on Moscow even as India’s leaders have maintained that they want peace.

The U.S. and China are currently in negotiations on trade, with Washington imposing a 30% tariff on Chinese goods and facing a 10% retaliatory tax from Beijing on American products.

The planned tariffs on India contradict past efforts by the Biden administration and other nations in the Group of Seven leading industrialized nations that encouraged India to buy cheap Russian oil through a price cap imposed in 2022. The nations collectively capped Russian oil a $60 per barrel at a time when prices in the market were meaningfully higher.

The intent was to deprive the Kremlin of revenue to fund its war in Ukraine, forcing the Russian government either to sell its oil at a discount or divert money for a costly alternative shipping network.

The price cap was rolled out to equal parts skepticism and hopefulness that the policy would stave off Putin’s invasion of Ukraine.

The cap has required shipping and insurance companies to refuse to handle oil shipments above the cap, though Russia has been able to evade the cap by shipping oil on a “shadow fleet” of old vessels using insurers and trading companies located in countries that are not enforcing sanctions.

This story was originally featured on Fortune.com

© Jim Watson—AFP via Getty Images

The mother of the man who killed four people at a Manhattan office tower home to the NFL told 911 dispatchers during a 2022 incident when he threatened to kill himself that he suffered from a sports-related concussion and other issues, new information released by Las Vegas police Tuesday revealed.

Shane Tamura, 27, had a documented history of mental health problems and carried a handwritten note in his wallet when he carried out the shooting that claimed he had chronic traumatic encephalopathy, known at CTE, investigators said. He fatally shot three people in the building lobby before taking an elevator to the 33rd floor, killing a fourth victim and then ending his own life, according to police.

He accused the football league of hiding the dangers of brain injuries linked to contact sports. Tamura didn’t play professional football but played during his high school years in Southern California, where he grew up.

His mother told the dispatchers on Sept. 12, 2022, that her son was under a doctor’s care for “depression, concussion like sports concussion, chronic migraines, and insomnia.” She also said he was taking sleeping pills, smoking marijuana, and kept a gun in his backpack. It was one of two incidents that led to Tamura being admitted to hospitals for mental health crises.

“He said he’s going to kill himself,” she said in the recorded 911 call. “He didn’t say he made a plan, he just said he just can’t take it anymore.”

Tamura’s mother placed the call from outside a Budget Suites Motel. She told dispatchers she would wait in the stairwell because she did not want Tamura to know she had called the police.

“He just started crying and slamming things and said I’m making him worse, so I said, ‘I’ll step outside,’” she said. “I don’t want you to be upset, but I’m afraid to leave.”

Tamura was committed to a hospital again in 2024 after calling his mother and making statements about wanting to hurt himself, according to a first responder captured on body camera video released by Las Vegas police.

The Las Vegas Metropolitan Police Department said the records, which would normally be withheld due to privacy protections, were being released “in light of the extraordinary circumstances.”

Tamura worked at the Horseshoe Las Vegas’ surveillance department until last week, when authorities say he drove his car to New York and carried out the shooting. He bought the rifle he used in the attack and the car he drove from his supervisor at the casino.

New York City detectives searched Tamura’s locker at the Horseshoe casino Wednesday and found a tripod for his rifle, a box for a revolver that was found in his car in New York, and ammunition for both guns, the police department said.

Police said they also found in his apartment a psychiatric medication, an epilepsy drug and an anti-inflammatory that had been prescribed to Tamura.

His psychiatric history would not have prevented him from legally purchasing the revolver, unless relatives or law enforcement sought a so-called extreme risk protection order from the courts. However, a new state law effective this month will allow officers to confiscate firearms in the immediate vicinity of someone placed on a mental health crisis hold.

Las Vegas police also released records Tuesday related to two other run-ins with the law. Tamura was arrested for trespassing at a casino in 2023, where he became agitated after he was asked to show his ID to collect his winnings and was asked to leave when he refused to. He was also cited for driving an unregistered car and without a license in 2024.

This story was originally featured on Fortune.com

© AP Photo/Angelina Katsanis

Mall-based teen accessories retailer Claire’s, known for helping to usher in millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection.

Claire’s Holdings LLC and certain of its U.S. and Gibraltar-based subsidiaries — collectively Claire’s U.S., the operator of Claire’s and Icing stores across the United States, made the filing in the U.S. Bankruptcy Court in Delaware on Wednesday. That marked the second time since 2018 and for a similar reason: high debt load and the shift among teens heading online away from physical stores.

Claire’s Chapter 11 filing follows the bankruptcies of other teen retailers including Forever 21, which filed in March for bankruptcy protection for a second time and eventually closed down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies.

Claire’s, based in Hoffman Estates, Illinois and founded in 1974, said that its stores in North America will remain open and will continue to serve customers, while it explores all strategic alternatives. Claire’s operates more than 2,750 Claire’s stores in 17 countries throughout North America and Europe and 190 Icing stores in North America.

In a court filing, Claire’s said its assets and liabilities range between $1 billion and $10 billion.

“This decision is difficult, but a necessary one,” Chris Cramer, CEO of Claire’s, said in a press release issued Wednesday. “Increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligations and macroeconomic factors, necessitate this course of action for Claire’s and its stakeholders.”

Like many retailers, Claire’s was also struggling with higher costs tied to President Donald Trump’s tariff plans, analysts said.

Cramer said that the company remains in “active discussions” with potential strategic and financial partners. He noted that the company remains committed to serving its customers and partnering with its suppliers and landlords in other regions. Claire’s also intends to continue paying employees’ wages and benefits, and it will seek approval to use cash collateral to support its operations.

Neil Saunders, managing director of GlobalData, a research firm, noted in a note published Wednesday Claire’s bankruptcy filing comes as “no real surprise.”

“The chain has been swamped by a cocktail of problems, both internal and external, that made it impossible to stay afloat,” he wrote.

Saunders noted that internally, Claire’s struggled with high debt levels that made its operations unstable and said the cash crunch left it with little choice but to reorganize through bankruptcy.

He also noted that tariffs have pushed costs higher, and he believed that Claire’s is not in a position to manage this latest challenge effectively.

Competition has also become sharper and more intense over recent years, with retailers like jewelry chain Lovisa offering younger shoppers a more sophisticated assortment at low prices. He also cited the growing competition with online players like Amazon.

“Reinventing will be a tall order in the present environment,” he added.

This story was originally featured on Fortune.com

© Daniel Acker/Bloomberg via Getty Images

More beachgoers have been getting an unexpected shock this summer as jellyfish numbers bloom along the Delaware coast, interrupting — but not stopping — the summer fun.

Beach patrol captains reported a dramatic increase in jellyfish activity and stings in July, the most they’ve seen in recent memory. Lewes Beach reported a fourfold increase in stings compared to 2024.

Lion’s manes, which can have 100-foot (30-meter) tentacles, sea nettles and moon jellyfish are some varieties that frequent Delaware’s summertime waters.

Jellyfish blooms have become common from Maine to Florida in recent years. Warming waters can create ideal conditions for jellyfish growth.

Normally, Delaware’s five state parks may report a handful of summer jellyfish stings, said Bailey Noel, a beach patrol captain. But Fenwick Island State Park recently reported 92 stings on a single July day. Three lifeguards were taken to urgent care after swimming in jellyfish-infested waters, Noel said.

The jellyfish at Delaware’s Towers Beach surprised Philadelphia resident Christina Jones, whose two daughters refused to wade back into the water after being stung, she said.

“The jellyfish are pretty bad,” Jones said. “And not only are they a lot in number, but they’re pretty big.”

Delaware State Beach Patrol started tracking jellyfish stings this year due to the rise in cases, said Noel. Most patrol teams do not track the data.

Lewes Beach Patrol treated 295 stings in 2024, the first year the data was collected, but reported over 1,200 cases so far in 2025, said Capt. Strohm Edwards. Lifeguards started carrying vinegar solutions, which can neutralize the venom agents, to help ease pain, he said.

But vinegar solutions may cause microscopic venom-coated barbs known as nematocysts to discharge, according to some research. Those experts recommend a baking soda slurry.

While venomous, stings from Delaware’s lion’s manes and sea nettles typically only cause minor irritation and pain, said Edwards. In cases of severe allergic reactions and symptoms — nausea, vomiting and trouble breathing — lifeguards can help.

Jellyfish blooms, sudden fluctuations in jellyfish populations, are not uncommon, said Gisele Muller-Parker, a retired marine biologist who would count dozens of lion’s mane jellyfish during her daily Lewes Beach walks in July. Temperature, salinity and food availability influence jellyfish breeding, and in favorable conditions, such as warmer waters, populations can explode.

“This year, we’ve never seen anything like this,” Muller-Parker said.

The jellyfish were near the end of their life cycle, finishing their reproductive phase and laying their eggs. Those jellyfish will die once water temperatures cool, said Keith Bayha, a research collaborator with the Smithsonian Institution National Museum of Natural History.

The jellyfish boom can harm ecosystems and marine industries, said Bayha, who has studied the animals for more than 20 years and helped identify a nettle species. Fish larvae primarily feed on plankton, but jellyfish can eat both the plankton and the fish. And with few natural predators, the jellyfish food chain is an ecological dead end, said Bayha.

Delaware’s boom this summer is far from alone. Florida’s Volusia County reported hundreds of stings around Memorial Day weekend. Gloucester, Massachusetts, reminded beachgoers to stay safe around jellyfish in mid-July. And in June, Maine’s Ogunquit Fire Department warned beachgoers about the increase in jellyfish after stings were reported.

Jellyfish research is limited, but Muller-Parker hopes more work will be done to assess the ecological ramifications of jellyfish blooms and improve safety advisories.

For now, some unlucky beachgoers will have to rely on home remedies and, in the case of Massachusetts resident Kathy Malloy-Harder’s third-grade nephew, a little bravery.

“When he got stung, he jumped up and started crying and said, ’I’m never coming back to the beach again ever,’” said Malloy-Harder, who had to try two stores to find vinegar for him. But she said that after talking about it “and once the sting subsided, he was interested in coming back and enjoying the beach.”

___

Whittle reported from Portland, Maine.

This story was originally featured on Fortune.com

© AP Photo/Mingson Lau

Switzerland’s president and other top officials were traveling to Washington on Tuesday in a hastily arranged trip aimed at striking a deal with the Trump administration over steep U.S. tariffs that have cast a pall over Swiss industries like chocolates, machinery and watchmaking.

President Karin Keller-Sutter was leading the delegation after last week’s announcement that exports of Swiss goods to the U.S. will face a whopping 39% percent tariff starting Thursday — a move that took many Swiss business leaders by surprise.

That rate is over 2 1/2 times higher than the one on European Union goods exported to the U.S. and nearly four times higher than on British exports to the U.S.

It’s also more than the 31% that Switzerland had been set to face when U.S. President Donald Trump announced his “Liberation Day” tariffs on products from dozens of countries in early April.

The Swiss government said the trip was “to facilitate meetings with the U.S. authorities at short notice and hold talks with a view to improving the tariff situation for Switzerland.”

Keller-Sutter, who also serves as Switzerland’s finance minister, has faced criticism in Swiss media over a last-ditch call with Trump before a U.S. deadline on tariffs expired Aug. 1. She was leading a team that included Economy Minister Guy Parmelin.

In an interview with CNBC on Tuesday, Trump alluded to the call, saying “the woman was nice, but she didn’t want to listen” and that he had told her: “We have a $41 billion deficit with you, Madame … and you want to pay 1% tariffs.”

“I said, ‘you’re not going to pay 1%,'” he added.

It was not immediately clear where that $41 billion figure came from. According to the U.S. Census Bureau, the United States ran a $38.3 billion trade imbalance on goods last year with Switzerland.

Swiss officials have argued that American goods face virtually zero tariffs in Switzerland, and the Swiss government says the wealthy Alpine country is the sixth-biggest foreign investor in the United States and the leading investor in research and development.

“It’s hard to negotiate when you’re dealing with someone as unpredictable as Donald Trump,” said Ivan Slatkine, head of the Federation of Romandie Enterprises, which groups companies in French-speaking Switzerland. He expressed concern that Swiss goods could become less competitive to rival products from the neighboring EU.

“We had a (Swiss) government that gave the impression the deal was done, it only awaited a signature from the president,” he said by phone. “We have the impression that we were punished, but we don’t know why.”

Switzerland’s powerful pharmaceutical industry — which promised tens of billions of investments in the United States in recent months amid the tariff worries — is exempt from the 39% rate. But Slatkine said the steep tariff level could be aimed to send Switzerland’s Big Pharma — epitomized by Roche and Novartis — a message that it too could come under pressure.

The trip comes a day after Switzerland’s executive branch, the Federal Council, held an extraordinary meeting and said it was “keen to pursue talks with the United States on the tariff situation,” the government statement Tuesday said.

After consulting with Swiss businesses, the council said it had developed “new approaches for its discussions” with U.S. officials and was looking ahead to continued negotiations.

“Switzerland enters this new phase ready to present a more attractive offer, taking U.S. concerns into account and seeking to ease the current tariff situation,” a council statement said Monday.

Under the U.S. announcements Friday, Swiss companies will now have one of the steepest export duties — only Laos, Myanmar and Syria had higher figures, at 40-41%.

This story was originally featured on Fortune.com

© AP Photo/Czarek Sokolowski, File

In firing the head of the agency that produces monthly jobs figures, President Donald Trump alleged that the recent weaker-than-expected numbers were phony and that positive numbers reported before the 2024 election were manipulated to make him look bad.

It’s a familiar cadence Trump has adopted in reacting to jobs reports: He treats the figures as legitimate when they are favorable to him and fraudulent when they are less than stellar or seem to benefit his opponent.

A look at some of Trump’s observations on jobs reports over the past year:

Aug. 5, 2024

“STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT ‘LEADERS’ IN HISTORY. THIS IS NOT GOOD!!!” — Trump post on Truth Social

Suggesting President Joe Biden and Vice President Kamala Harris were responsible, Trump was reacting to the news that U.S. employees had added 114,000 jobs in July — 35% fewer than expected — and that the unemployment rate was at its highest level in nearly three years.

Nov. 1, 2024

“Today’s jobs report is a great embarrassment for our Nation. Kamala has lied for years about their pathetic job growth, which has never been real. Kamala killed 46,000 manufacturing jobs, while 773,000 Americans have lost employment in just the last year — all while their jobs have been taken by foreign-born workers. America is a Nation in Decline because Sleepy Joe, and Lyin’ Kamala, didn’t do their job. ‘TRUMP’ WILL FIX IT! MAKE AMERICA GREAT AGAIN! GO VOTE!” — Trump post on Truth Social

Days ahead of the presidential election, Trump blasted news that U.S. employers had added just 12,000 jobs in October, a total that economists say had been held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls.

Nov. 4, 2024

“Nearly 250,000 people dropped out of the labor force. They dropped out because they couldn’t get a job. Can you imagine that? Can you imagine? These are the numbers, and they don’t want to talk about it, but that’s OK. These numbers are disqualifying.” — Trump campaign rally in Raleigh, North Carolina

According to Bureau of Labor Statistics data, around 220,000 people left the civilian U.S. workforce from September to October 2024 during Biden’s presidency.

April 4, 2025

“GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT’S ALREADY WORKING. HANG TOUGH, WE CAN’T LOSE!!!” — Trump post on Truth Social

Trump quickly praised news that in March, U.S. employers had added a surprising 228,000 jobs, showing that the American labor market was in solid shape as he embarked on a risky trade war with the rest of the world. The hiring numbers were up from 117,000 in February and were nearly double the 130,000 that economists had expected.

June 6, 2025

“GREAT JOB NUMBERS, STOCK MARKET UP BIG! AT THE SAME TIME, BILLIONS POURING IN FROM TARIFFS!!!” — Trump post on Truth Social

Trump responded enthusiastically to the initial numbers on the May jobs report, which indicated that the economy added 139,000 jobs.

That estimate was later revised down to 125,000 jobs, prior to the most recent revision down to just 19,000.

Aug. 1, 2025

“I was just informed that our Country’s ‘Jobs Numbers’ are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory. … I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY.” — Trump post on Truth Social

Trump ousted McEntarfer following a report showed hiring slowed in July and was much weaker in May and June than previously reported, taking issue in subsequent days to the revisions of jobs figures that are a regular occurrence with the monthly reporting.

This story was originally featured on Fortune.com

© AP Photo/Jacquelyn Martin

The New York Post is launching a California tabloid newspaper and news site next year, the company announced Monday, bringing an assertive, irreverent and conservative-friendly fixture of the Big Apple media landscape to the Golden State. In the process, it is creating a 21st-century rarity: a new American newspaper with a robust print edition.

Adding another title to Rupert Murdoch‘s media empire, The California Post is setting out to cover politics, local news, business, entertainment and sports in the nation’s most populous state, while drawing and building on the venerable New York paper’s national coverage. Plans for the Los Angeles-based paper call for a print edition seven days a week plus a website, social media accounts and video and audio pieces.

“There is no doubt that the Post will play a crucial role in engaging and enlightening readers, who are starved of serious reporting and puckish wit,” Robert Thomson, chief executive of Post corporate parent News Corp., said in a statement. In typically brash and punchy Post fashion, he portrayed California as plagued by ”jaundiced, jaded journalism.”

It enters at a bumpy moment for its industry

However bold its intentions, the venture is being launched into a turbulent atmosphere for the news business, particularly for print papers. More than 3,200 of them have closed nationwide since 2005, according to figures kept by Northwestern University’s Medill School of Journalism. The online world spawned new information sources and influencers, changed news consumers’ tastes and habits and upended the advertising market on which newspapers relied.

“While it’s true the media landscape is challenging, The New York Post has been finding success through its unique voice, editorial lens and quality coverage. That same formula is tailor-made for California,” said the New York Post Media Group. It includes the Post and some other media properties.

California, with a population of nearly 40 million, still has hundreds of newspapers, including dailies in and around Los Angeles and other major cities. But the nation’s second-most-populous city hasn’t had a dedicated tabloid focused on regional issues in recent memory, according to Danny Bakewell, president of the Los Angeles Press Club.

“It’s really an untested market here,” said Bakewell, who is editor-in-chief of the Los Angeles Sentinel, a weekly focused on the city’s Black population. “L.A. is always ready for good-quality news reporting, and particularly in this moment when so many other papers are shrinking and disappearing, it could be a really unique opportunity.”

The Post is a unique beast

There is no U.S. newspaper quite like the 224-year-old New York Post. It was founded by no less a luminary than Alexander Hamilton, the country’s first treasury secretary, an author of the Federalist Papers, the victim of a duel at the hands of the vice president and the inspiration for the Broadway smash “Hamilton.” Murdoch, News Corp.’s founder and now its chairman emeritus, bought the Post in 1976, sold it a dozen years later, then repurchased it in 1993.

The Post is known for its relentless and skewering approach to reporting, its facility with sensational or racy subject matter, its Page Six gossip column, and the paper’s huge and often memorable front-page headlines — see, for example, 1983’s “Headless Body in Topless Bar.”

At the same time, the Post is a player in both local and national politics. It routinely pushes, from the right, on “wokeness” and other culture-war pressure points, and it has broken such political stories as the Hunter Biden laptop saga. The Post has an avid reader in President Donald Trump, who gave its “Pod Force One” podcast an interview as recently as last month.

In recent years, the Post’s website and such related sites as PageSix.com have built a large and far-flung digital audience, 90% of it outside the New York media market, according to the company.

With the Los Angeles readership second only to New York’s, The California Post “is the next manifestation of our national brand,” Editor-in-Chief Keith Poole said in a statement. He’ll also be involved in overseeing the California paper with its editor-in-chief, Nick Papps, who has worked with News Corp.’s Australian outlets for decades, including a stint as an L.A.-based correspondent.

The company didn’t specify how many journalists The California Post will have.

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Associated Press writer Jake Offenhartz contributed from Los Angeles.

This story was originally featured on Fortune.com

© Axelle/Bauer-Griffin/FilmMagic

The United States’ suspension of live cattle imports from Mexico hit at the worst possible time for rancher Martín Ibarra Vargas, who after two years of severe drought had hoped to put his family on better footing selling his calves across the northern border.

Like his father and grandfather before him, Ibarra Vargas has raised cattle on the parched soil of Sonora, the state in northwestern Mexico that shares a long border with the United States, particularly Arizona. His family has faced punishing droughts before but has never before had to contend with the economic hit of a new scourge: the New World Screwworm, a flesh-eating parasite.

U.S. agriculture officials halted live cattle crossing the border in July – the third suspension of the past eight months — due to concerns about the flesh-eating maggot which has been found in southern Mexico and is creeping north.

The screwworm is a larva of the Cochliomyia hominivorax fly that can invade the tissues of any warm-blooded animal, including humans. The parasite enters animals’ skin, causing severe damage and lesions that can be fatal. Infected animals are a serious threat to herds.

The U.S. Department of Agriculture calls it a “devastating pest” and said in June that it poses a threat to “our livestock industry, our economy, and our food supply chain.” It has embarked on other steps to keep it out of the United States, which eradicated it decades ago.

As part of its strategy the U.S. is preparing to breed billions of sterile flies and release them in Mexico and southern Texas. The aim is for the sterile males to mate with females in the wild who then produce no offspring.

The U.S. ban on live cattle also applies to horses and bison imports. It hit a ranching sector already weakened by drought and specifically a cattle export business that generated $1.2 billion for Mexico last year. This year, Mexican ranchers have exported fewer than 200,000 head of cattle, which is less than half what they historically send in the same period.

For Ibarra Vargas, considered a comparatively small rancher by Sonora’s beef-centric standards, the inability to send his calves across the border has made him rethink everything.

The repeated bans on Mexican cows by U.S. authorities has pushed his family to branch into beekeeping, raising sheep and selling cow’s milk. What he earns is just a fraction of what he earned by exporting live cattle, but he is trying to hold on through the lean times.

“Tiempos de vacas flacas” — times of the lean cows — as he calls them.

“At least it lets us continue” ranching, the 57-year-old said with a white cowboy hat perched on his head.

Reinvent to survive

Even as ranchers in Sonora intensify their efforts to make sure the parasitic fly never makes it into their state, they’ve had to seek new markets.

In the past two months, they’ve sold more than 35,000 mature cows within Mexico at a significant loss.

“We couldn’t wait any longer,” said Juan Carlos Ochoa, president of the Sonora Regional Cattle Union. Those sales, he said, came at a “35% lower price difference compared with the export value of a cow.”

That’s hard to stomach when beef prices in the U.S. are rising.

The U.S. first suspended cattle imports last November. Since then, more than 2,258 cases of screwworm have been identified in Mexico. Treatment requires a mix of manually removing the maggots, healing the lesions on the cows and using anti-parasite medicine.

Some ranchers have also started retail beef sales through luxury butcher shops referred to as “meat boutiques.”

There are other foreign markets, for example Japan, but selling vacuum sealed steaks across the Pacific is a dramatically different business than driving calves to U.S. feedlots. The switch is not easy.

An uncertain future

With his calves mooing as they ran from one end of a small corral to the other waiting to be fed, Ibarra Vargas said he still hasn’t figured out how he will survive an extended period of not being able to send them to the U.S.

The recent two-year drought reduced his cattle stocks and forced him to take on debt to save the small family ranch that has survived for three generations.

Juan Carlos Anaya, director of Agricultural Markets Consulting Group, attributed a 2% drop in Mexico’s cattle inventory last year to the drought.

Anaya said Mexican ranchers who export are trying to get the U.S. to separate what happens in southern Mexico from the cattle exporting states in the north where stricter health and sanitation measures are taken, “but the damage is already done.”

“We’re running out of time,” said Ibarra Vargas, who already laments that his children are not interested in carrying on the family business. For a rancher who “doesn’t have a market or money to continue feeding his calves, it’s a question of time before he says: ‘you know what, this is as far as I go.’”

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Sánchez reported from Mexico City.

This story was originally featured on Fortune.com

© AP Photo/Fernando Llano)