Ƶapp News Washington's Top News Mon, 14 Jul 2025 20:26:54 +0000 en-US hourly 1 /wp-content/uploads/2021/05/WtopNewsLogo_500x500-150x150.png Ƶapp News 32 32 SEC media days: LSU, South Carolina, Ole Miss quarterbacks in spotlight /ncaa-football/2025/07/sec-media-days-lsu-south-carolina-ole-miss-quarterbacks-in-spotlight/ Mon, 14 Jul 2025 20:26:52 +0000 /?p=27727381&preview=true&preview_id=27727381 ATLANTA (AP) — The opening day of SEC football media days Monday featured LSU, South Carolina, Ole Miss and Vanderbilt. The Commodores have Diego Pavia at quarterback going into his second season and the other three also have signal-callers entering pivotal seasons:

Will Garrett Nussmeier take the Year 2 LSU leap?

LSU quarterbacks have a history of taking an impressive jump from year one to two. Before spearheading two of the NFL’s most dominant offenses, Jayden Daniels and came into their own during their second seasons in Baton Rouge. Is it Nussmeier’s turnn?

Nussmeier finished the 2024 season with a 64.2 completion percentage and 4,052 passing yards for 29 touchdowns and 12 interceptions. Limiting turnovers is a big point of emphasis for Nussmeier approaching his final season at LSU.

“There’s no hiding from turnovers,” Nussmeier said. “As an anticipation player, there’s going to be some interceptions. The ones I need to eliminate are the ones that don’t need to happen, the ones where I’m trying to do too much, the ones where I’m trying to make a play when I don’t need to.”

Nussmeier understands the stakes are high, especially given the history of year two success for Burrow and Daniels. More than ever, he’s motivated to create his own legacy.

“Obviously with the track record that LSU quarterbacks have in the past, it’s not a thing of disrespect. I have a lot of respect for Jayden, a lot of respect for Joe and what they were able to accomplish in their second years, and also respectively in their first years. But as I said before, I’m me,” Nussmeier said. “I’m worried about improving myself, being the best I can be to lead us where we want to go.”

The season opener is Aug. 30 at Clemson.

High hopes for LaNorris Sellers and South Carolina

South Carolina went 9-4 in 2024, the program’s first nine-win season under coach Shane Beamer and just its second since 2013. The Gamecocks will have to replace most of their starting defense, but unlike plenty of SEC teams, they won’t have to worry about turnover at quarterback.

Redshirt sophomore returns after a breakout season, accounting for 3,208 yards and 25 total touchdowns, saving his best play for the end of the season with 16 total touchdowns and only three interceptions in November.

“I think we’re going to be better around LaNorris as well on the offense,” Beamer said. “(We have) more depth and competition at pretty much every position, I feel like that’s going to help him. He doesn’t have to be Superman for us.”

South Carolina closed the regular season with five consecutive wins, and lost two games by a total of five points against LSU and Alabama. The success down the stretch last season combined with Sellers’ return is the backbone of the optimism surrounding the Gamecocks and their chances of reaching the College Football Playoff after narrowly missing out last fall.

“We were four to five plays off,” Sellers said. “That showed us a little bit of success, and showed us that we can make the playoff and make a run for the trophy.”

Ole Miss prepares for a massive change under center

Ole Miss has the challenge of replacing one the most successful signal-callers in program history. Lane Kiffin’s Rebels went 21-5 over the last two seasons with under center. Now the offense belongs in the hands of redshirt sophomore Austin Simmons.

Simmons appeared in nine games last season mostly late in blowouts, but he did lead one touchdown drive against Georgia when Dart briefly went out injured.

“I’m really just focusing on building my own legacy rather than just focusing on the past,” Simmons said.

Simmons is a total 180 from Dart. He was not a full-time football player until this year, also playing with Ole Miss baseball in the spring before transitioning to football full-time. He was a Kiffin recruit as opposed to Dart, who arrived in the transfer portal.

Kiffin isn’t looking for another Dart.

“Austin has to make sure he doesn’t try to be Jaxson,” Kiffin said. “He’ll be fine. He’s got elite talent, does a great job, he’s maturing and did a great job when he came in in the Georgia game.”

Ole Miss went 10-3 last season, following an 11-2 mark in 2023. It was the first time Ole Miss has won double-digit games in consecutive seasons since 1959-60, and 2025 will be an opportunity to do so in three consecutive seasons for the first time.

___

AP freelance writer Alan Cole contributed to this report.

___

AP college football:

Source

]]>
México prevé llegar a un acuerdo con EE.UU. antes del 1 de agosto para evitar aranceles, dice Sheinbaum /news/2025/07/mexico-preve-llegar-a-un-acuerdo-con-ee-uu-antes-del-1-de-agosto-para-evitar-aranceles-dice-sheinbaum/ Mon, 14 Jul 2025 20:25:25 +0000 /?p=27727374&preview=true&preview_id=27727374 La presidenta de México, Claudia Sheinbaum, aseguró este lunes que su Gobierno ha llegado “prácticamente a un acuerdo” en el tema de seguridad con Estados Unidos y confió en que llegará a otros pactos antes del 1 de agosto para frenar los aranceles del 30 % anunciados por el presidente, Donald Trump.

“Hay un acuerdo prácticamente ya terminado con el Gobierno de Estados Unidos, coordinado por el Departamento de Estado en los temas de seguridad. Queda clara la soberanía, queda clara la territorialidad de cada uno de nosotros y se establecen esquemas de coordinación y colaboración. Es un acuerdo que está prácticamente terminado”, aseveró la mandataria durante su conferencia de prensa matutina.

Cuestionada esta mañana sobre la reunión que sostuvo una comitiva de su gobierno, encabezada por el secretario de Economía, Marcelo Ebrard, con funcionarios estadounidenses en Washington este fin de semana para negociar sobre temas como seguridad, comercio y migración, se mostró optimista.

“Hay un avance muy importante. Quedan algunos detalles menores, nosotros queremos que sea parte de un acuerdo global, no solamente seguridad por un lado y por otro lado comercio, sino realmente como un acuerdo general con el Gobierno de los Estados Unidos”, enfatizó Sheinbaum, al referirse a la propuesta de un acuerdo global que le propuso a Trump.

Sheinbaum señaló que se ha instalado una mesa de trabajo bilateral sobre la carta enviada el fin de semana por el presidente Trump sobre la imposición de 30 % de aranceles a los productos mexicanos a partir del 1 de agosto, pero confió en que llegará a un acuerdo con Estados Unidos antes de esa fecha.

“Son cartas que se están enviando a todo el mundo. No es en particular a México. Entonces, en esta carta nos llega, este arancel nuevo, ¿qué tenemos que hacer? Lo que hemos hecho hasta ahora: trabajar para evitar que este arancel dañe a la economía mexicana y sobre todo a los empleos, que es lo que más nos importa”, señaló.

Reiteró que se irá informando “poco a poco” sobre los avances, y aseguró que el gobierno estadounidense sabe del trabajo que ha hecho México para disminuir el tráfico de droga y la violencia en ambos territorios.

“Nosotros hacemos nuestra parte de reducir el tráfico de fentanilo y otras drogas hacia Estados Unidos y la colaboración y coordinación para, en ambos lados de la frontera, atender el tema desde el lavado de dinero hasta la detención de generadores de violencia en ambos lados de la frontera”, dijo.

La presidenta mencionó que actualmente, los productos dentro del T-MEC tienen arancel cero, mientras que los que están fuera del tratado enfrentan tarifas de hasta 25 %, además de medidas ya vigentes en sectores como acero, aluminio y automotriz.

La nueva carta plantea un arancel adicional del 30 %, lo cual ha motivado la intensificación del diálogo bilateral.

Además, reveló que la misiva sugiere reducir el déficit comercial de Estados Unidos frente a México y contempla incentivos a la inversión mexicana en territorio estadounidense como vía para reducir los aranceles.

“Los empresarios mexicanos tienen muchas inversiones en Estados Unidos. Estamos hablando de muchas empresas mexicanas que tienen inversiones allá. Entonces, todas esas inversiones hay que, de hecho, las hemos platicado, hay que ponerlas en blanco y negro desde fondos de inversión hasta inversiones directas”, enfatizó.

The-CNN-Wire
™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

Source

]]>
Wall Street holds near its record amid doubts about Trump’s tariffs /world/2025/07/asian-shares-are-mixed-after-sp-500-and-nasdaq-composite-pull-back-from-their-all-time-highs/ Mon, 14 Jul 2025 20:24:24 +0000 /?p=27723523&preview=true&preview_id=27723523 NEW YORK (AP) — U.S. stock indexes hung near their records on Monday following President Donald Trump’s latest updates to his tariffs, as speculation continues on Wall Street that he may ultimately back down on them.

The S&P 500 edged up by 0.1% to pull within 0.2% of its all-time high set on Thursday. The Dow Jones Industrial Average added 88 points, or 0.2%, and the Nasdaq composite climbed 0.3% to set a record.

Stock indexes elsewhere around the world were mixed in their first trading after Trump announced plans over the weekend for on goods from Mexico and the European Union. They won’t take effect until Aug. 1, the same deadline that Trump announced last week for updated tax rates on imports from .

The latest postponements for Trump’s tariffs allow more time for him to reach trade deals with other countries that could lower the tariff rates and prevent pain for international trade. They also feed into speculation that Trump may ultimately back down on his tariffs if they end up creating too much damage for the economy and for financial markets.

If Trump were to enact all his proposed tariffs on Aug. 1, they would raise the risk of a recession. That would not only hurt U.S. voters but also raise the pressure on the U.S. government’s debt level relative to the economy’s size, particularly after Washington approved big tax cuts that will add to the deficit.

“We therefore believe that the administration is using this latest round of tariff escalation to maximize its negotiating leverage and that it will ultimately de-escalate, especially if there is a new bout of heightened bond and stock market volatility,” according to Ulrike Hoffmann-Burchardi, global head of equities at UBS Global Wealth Management.

“As usual, there are many conditions and clauses that can get these rates reduced,” said Brian Jacobsen, chief economist at Annex Wealth Management. “That’s probably why the market might not like the tariff talk, but it’s not panicking about it either.”

For the time being, all the uncertainty around tariffs could help keep markets unsteady. This upcoming week has several potential flashpoints that could shake things.

On Tuesday will come the latest reading on inflation across the United States. Economists expect it to show inflation accelerated to 2.6% last month from 2.4% in May.

Companies are also lining up to report how they performed during the spring. JPMorgan Chase and several other huge banks will report their latest quarterly results on Tuesday, followed by Johnson & Johnson on Wednesday and PepsiCo on Thursday.

Fastenal, a distributor of industrial and construction supplies, on Monday reported a stronger profit for the latest quarter than analysts expected. Its stock rose 4.2%, though it also said that market conditions remain sluggish.

Shares of Kenvue rose 2.2% after the former division of Johnson & Johnson said . Kenvue, the maker of Listerine and Band-Aid brands, is in the midst of a strategic review of its options, “including ways to simplify the company’s portfolio and how it operates,” according to Larry Merlo, the board’s chair.

Waters slumped 13.8% after saying it had agreed to merge with Becton, Dickinson and Co.’s biosciences and diagnostic solutions business in a deal valued at roughly $17.5 billion.

All told, the S&P 500 rose 8.81 points to 6,268.56. The Dow Jones Industrial Average added 88.14 to 44,459.65, and the Nasdaq composite climbed 54.80 to 20,640.33 to top its last all-time high set on Thursday.

In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury slipped to 4.42% from 4.43% late Friday.

In stock markets abroad, indexes fell across much of Europe. Germany’s DAX lost 0.4%, and France’s CAC 40 fell 0.3%. But indexes rose 0.8% in South Korea and 0.3% in Hong Kong.

Chinese shares advanced after the government reported that last month as a truce in a tariff war prompted a surge in orders ahead of the Aug. 1 deadline for reaching a new trade deal with Washington.

Some of the biggest moves in financial markets were for crypto, where This upcoming week is in Washington, where Congress will consider several bills to “make America the crypto capital of the world.”

___

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

Source

]]>
The search for those missing in catastrophic Texas floods resumes in some areas after pause for rain /national/2025/07/search-for-texas-flood-victims-to-resume-after-pause-due-to-heavy-rains/ Mon, 14 Jul 2025 20:24:18 +0000 /?p=27723198&preview=true&preview_id=27723198 KERRVILLE, Texas (AP) — For a second straight day, rain forecasts hampered the search Monday for people still missing after pummeled Texas this month, as officials made plans to drain reservoirs in the search for victims.

While some crews resumed the search along the Guadalupe River on Monday, others held off, wary of the forecast. Officials also asked for patience, saying some have been threatened for their perceived lack of action that could have prevented the deaths at least 132 people in the July 4 storm.

The first pause in search efforts due to the weather came Sunday in where the soil is still primed for enhanced water runoff.

More than 160 people are unaccounted for in Kerr County alone, and 10 more in neighboring areas.

‘Trailer after trailer after trailer’ swept away

Texas Hill Country is a popular destination for tourists where campers seek out spots along the river amid the rolling hills. Kerr County Judge Rob Kelly said during a commissioners’ meeting Monday that it’s been difficult to determine exactly how many tourists were in the area when the flooding occurred.

“We’ve heard accounts of trailer after trailer after trailer being swept into the river with families in the them. Can’t find the trailers,” Kelly said. “It’s what we don’t know. We don’t know how many of them there are.”

Kelly said he’d been told of one trailer that was found “completely covered in gravel” 27 feet (8.2 meters) below the surface of the river. He said sonar crews have been searching the river and local lakes and more are expected to arrive.

Commissioner Don Harris said officials plan to drain two reservoir lakes on the river.

“Who knows how many out there are completely covered,” Harris said.

The Federal Emergency Management Agency’s Urban Search and Rescue teams fully resumed operations on Monday, said Obed Frometa, FEMA Blue Incident Support Team information officer.

Levi Bizzell, a spokesperson for the Ingram Volunteer Fire Department, which has been organizing about 200 searchers, said the department suspended operations for the day on Monday because several inches of rain were expected to fall on Kerr County by late afternoon.

“Everybody here wants to be out there working,” Bizzell said. “They literally come in in the morning whether they are tired or not, and they just want to get out there and work because they want to find closure for these families.”

Kerr County meanwhile advised all volunteers to leave the river area and move to higher ground, saying only those teams working under the direction of Kerr County Emergency Operations Center Unified Command were permitted in the response zone.

‘Playing a blame game’

In Kerrville, about 100 miles (160 kilometers) west of Austin, local officials over whether residents were adequately warned about the rising water on July 4.

Authorities in Kerrville went door-to-door to some homes early Sunday warning that flooding was again possible, and pushed phone alerts to area residents.

Kerr County commissioners asked the public for their patience as the search and cleanup continues. Commissioner Rich Paces said during a meeting Monday morning that he has received death threats.

“They’re just playing a blame game,” Paces said.

During a special Kerrville City Council meeting, council member Brenda Hughes also complained of threats to city officials and staff, which she did not detail, and called for increased security at City Hall.

“We’re not only dealing with all of the aftermath of this tragic event, but now we have to worry about threats that are coming to staff, targeted threats that are specific to individual staff members,” she said.

More rain expected

Areas that were hit by the July Fourth floods were forecast to get more rain on Monday afternoon, including 1 to 2 inches (3 to 5 centimeters) in Kerr County, said Bob Fogarty, a meteorologist for the National Ƶapp Service’s Austin/San Antonio office.

“It is not going to be good for them,” Fogarty said.

A line of thunderstorms that earlier dumped 3 to 5 inches (8 to 13 centimeters) in counties to the west was forecast to hit Kerr County, which remained under a flood watch advisory through 9 p.m. Monday.

The Guadalupe River remained below flood stage but that could as the storm rolls in, Fogarty said.

Yet more thunderstorms could hit the area Monday night and early Tuesday.

“We’re hopeful that it will not be in the Kerr County area, that maybe it’ll be a little further west, that they would not get as much rain,” Fogarty said. “But we think that there’s going to be some more heavy rain overnight tonight and then hopefully it’ll dry out by mid-week.”

Bad weather forces a halt to search efforts

Gov. Greg Abbott said Sunday on X that the state had rescued dozens of people in San Saba, Lampasas and Schleicher counties, and that people evacuated their homes in a handful of others.

The latest flooding damaged about 100 homes and knocked down untold lengths of cattle fencing, said Ashley Johnson, CEO of the Hill Country Community Action Association, a San Saba-based nonprofit.

“Anything you can imagine in a rural community was damaged,” she said. “Our blessing is it was daylight and we knew it was coming.”

The weather system brought widespread slow-moving storms and multiple rounds of heavy rain Sunday, pushing rivers and streams over their banks.

The July Fourth flood

Just before daybreak on the Fourth of July, rose 26 feet (8 meters) on the Guadalupe River, washing away homes and vehicles. Crews in helicopters, boats and drones have been searching for victims.

The floods laid waste to the . The riverbanks and hills of Kerr County are filled with vacation cabins, youth camps and campgrounds, including the century-old, all-girls Christian summer camp.

Located in a low-lying area along the Guadalupe River in a region known as flash flood alley, Camp Mystic lost .

The flood was far more severe than the 100-year event envisioned by the Federal Emergency Management Agency, experts said, and moved so quickly in the middle of the night that it caught many off guard in a county that .

___ Vertuno and Lathan contributed to this report from Austin. Associated Press reporters Sophia Tareen in Chicago; Carolyn Thompson in Buffalo, New York; Juan A. Lozano in Houston, Michael Weissenstein in Dobbs Ferry, New York; and Jeff Martin in Kennesaw, Georgia, also contributed to this report.

Source

]]>
EU trade ministers plan countermeasures to Trump’s ‘unacceptable’ 30% tariffs /europe/2025/07/european-trade-ministers-meet-to-forge-strategy-after-surprise-30-tariffs-from-trump/ Mon, 14 Jul 2025 20:23:26 +0000 /?p=27723603&preview=true&preview_id=27723603 BRUSSELS (AP) — EU trade ministers agreed Monday that U.S. President Donald Trump’s announcement of 30% tariffs on the European Union was “absolutely unacceptable,” and they are studying a new set of countermeasures to respond to the move.

The ministers met Monday in Brussels following Trump’s surprise announcement over the weekend of such hefty tariffs, which could have repercussions for governments, companies and consumers on both sides of the Atlantic. The EU is America’s biggest business partner and the world’s largest trading bloc.

Maroš Šefčovič, the EU’s trade representative in its talks with the U.S., said after the meeting that it was “very obvious from the discussions today, the 30% is absolutely unacceptable.”

He said that the commission was sharing proposals with the 27 member countries “for the second list of goods accounting of some 72 billion euros ($84 billion) worth of U.S imports. They will now have a chance to discuss it. This does not exhaust our toolbox and every instrument remains on the table.”

Lars Løkke Rasmussen, foreign minister of Denmark, which recently assumed the presidency of the EU, said the ministers vowed to work together in negotiating a trade deal with Washington or agreeing on countermeasures.

“The EU remains ready to react and that includes robust and proportionate countermeasures if required and there was a strong, feeling in the room of unity,” Rasmussen told reporters after the meeting.

The tariffs, also announced for Mexico, are set to start on Aug. 1 and could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the U.S., and destabilize economies from Portugal to Norway.

Meanwhile, Brussels decided to on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.

The “countermeasures” by the EU, which negotiates trade deals on behalf of its 27 member countries, will be delayed until Aug. 1. Trump’s letter shows “that we have until the first of August” to negotiate, European Commission President Ursula von der Leyen told reporters in Brussels on Sunday.

Maroš Šefčovič, the EU’s trade representative in its talks with the U.S., said negotiations would continue Monday.

“I’m absolutely 100% sure that a negotiated solution is much better than the tension which we might have after the 1st of August,” he told reporters in Brussels on Monday. But he added that “we must be prepared for all outcomes.”

“I cannot imagine walking away without genuine effort. Having said that, the current uncertainty caused by unjustified tariffs cannot persist indefinitely and therefore we must prepare for all outcomes, including, if necessary, well-considered proportionate countermeasures to restore the balance in our transit static relationship.”

The letters to the EU and Mexico come in the midst of an on-and-off Trump threat to impose tariffs on countries and right an imbalance in trade.

Trump imposed tariffs in April on dozens of countries, before pausing them for 90 days to negotiate individual deals. As the three-month grace period ended this week, he began sending to leaders, but again has pushed back the implementation day for what he says will be just a few more weeks.

If he moves forward with the tariffs, it could have ramifications for nearly every aspect of the global economy. The American Chamber of Commerce in the European Union, an influential industry group representing major American corporations in Europe, said the tariffs could “generate damaging ripple effects across all sectors of the EU and US economies” and praised the EU’s delay of countermeasures.

In the wake of the new tariffs, European leaders largely closed ranks, to not provoke further acrimony.

Just last week, Europe was cautiously optimistic.

Officials told reporters on Friday they weren’t expecting a letter like the one sent Saturday and that a trade deal was to be inked in “the coming days.” For months, the EU has broadcast that it has strong retaliatory measures ready if talks fail.

Reeling from successive rebukes from Washington, Šefčovič said Monday the EU is “doubling down on efforts to open new markets” and pointed to a new economic agreement with Indonesia as one.

The EU top brass will visit later this month while courting other Pacific nations like South Korea, Japan, Vietnam, Singapore, the Philippines, and Indonesia, whose prime minister visited Brussels over the weekend to sign a new economic partnership with the EU. It also has mega-deals in the works with Mexico and a trading bloc of South American nations known as , and Šefčovič will meet with his counterpart from the United Arab Emirates next week.

While meeting with Indonesia’s president on Sunday, Von der Leyen said that “when economic uncertainty meets geopolitical volatility, partners like us must come closer together.”

Source

]]>
Flood watch underway as frequent lightning, downpours expected in DC region /weather-news/2025/07/more-downpours-strike-monday-flood-watch-begins-at-2-p-m-across-dc-area/ Mon, 14 Jul 2025 20:20:27 +0000 /?p=27721996 Once again, late-day storms are forecast in the D.C. area with heavy rain and lightning expected Monday.

Those scattered storms and showers could lead parts of the region to flood.

Similar to the past several days, pockets of heavy rain could produce rainfall rates of 2 to 3 inches per hour. The National Ƶapp Service has issued a flood watch from 2 p.m. until midnight for the D.C. region.

“We’ll see temperatures around 85 to 90 degrees and pockets of moderate to heavy rain, especially as we enter the evening and first part of the overnight,” said 7News First Alert Meteorologist Steve Rudin.

The rain is estimated to make impact to the D.C. metropolitan area around 5:30 p.m., according to the NWS radar.


Current weather warnings and watches in the D.C. region

  • Ground stops at all three major airports until 5:30 p.m. due to thunderstorms
  • Flood watch due to excessive rainfall until midnight Monday

In addition to flooding, damaging wind gusts and frequent lightning are possible.

Wet conditions will wane by midnight, with mild and muggy conditions expected overnight, said 7News First Alert Senior Meteorologist Brian van de Graaff. He said areas of patchy fog will be possible by dawn.

“Tomorrow stays unsettled once again, although I don’t believe the wet weather is going to be quite as intense,” Rudin said of Tuesday’s forecast.

Tuesday’s storm coverage should be less than what the D.C. area experiences Monday, but storms will still be capable of producing heavy rainfall. It will be hot and humid with temperatures in the mid-80s.

Most of Wednesday should be dry. Isolated storms are expected during the late afternoon and early evening hours. Temperature highs will be in the 90s.

There’s a chance for isolated thunderstorms Thursday, too. The hottest day of the week will be Thursday with heat index values around 100. 



Full forecast

MONDAY EVENING:
Partly sunny. Chance PM storms
Temperatures: 80s to 70s
Winds: South 5-10 mph

MONDAY NIGHT:
Rain, storms ending. Mostly cloudy
Lows:70
Winds: South 5 mph

TUESDAY:
Partly sunny. Chance PM storms
Highs:85-90
Winds: South 5-10 mph

WEDNESDAY:
Partly cloudy. PM storms
Highs: near 90
Winds: South 5-10 mph

THURSDAY:
Partly cloudy. Isolated PM storms
Highs:90-95
Winds: Southwest 5-10 mph

Current conditions

Source

]]>
TRX Gold: Fiscal Q3 Earnings Snapshot /news/2025/07/trx-gold-fiscal-q3-earnings-snapshot/ Mon, 14 Jul 2025 20:20:15 +0000 /?p=27727363&preview=true&preview_id=27727363 OAKVILLE, Ontario (AP) — OAKVILLE, Ontario (AP) — TRX Gold Corporation (TRX) on Monday reported a loss of $218,000 in its fiscal third quarter.

The Oakville, Ontario-based company said it had a loss of less than 1 cent on a per-share basis.

The mineral resource company posted revenue of $12.5 million in the period.

_____

This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/TRX

Source

]]>
Wholesale Cash Prices /news/2025/07/wholesale-cash-prices-27/ Mon, 14 Jul 2025 20:17:21 +0000 /?p=27727347&preview=true&preview_id=27727347 NEW YORK (AP) — Wholesale cash prices Monday

Fri Mon

Foods

Broilers – National comp wtd. avg. 1.3545 1.3472
Cheddar cheese, blocks, Chicago lb. 168.50 166.00
Coffee, Brazilian, Comp. 2.9114 2.9355
Coffee, Colombian, NY lb. 3.1420 3.1750
Eggs, large white, Chicago dozen 2.9350 3.0550
Flour, hard winter Kansas City cwt 15.55 15.45
Hogs, Iowa-South Minnesota avg. cwt 103.41 104.10
Pork loins, 13-19 lbs, Mid-US lb 1.1480 1.1810
Steers, feeder, Oklahoma City, avg cwt n.a. n.a.

Grains and feeds

Corn, No. 2 yellow. Cent. Ill. bu 3.9300 3.8800
Oats, No. 2 milling, Mnpls; $ per bu. 3.9300 3.8475
Soybean Meal, Cent. Ill., rail, ton 48% n.a. 261.20
Soybeans, No. 1 yellow Illinois, bu 9.9600 9.8800
Wheat, Spring 14%-pro Mnpls; $/bu. 8.0675 7.6875

Fats and oils

Degummed corn oil, crude wtd. avg. n.a. n.a.
Soybean oil, crude; Central Illinois lb. n.a. 0.5544

Other metals

Copper, high grade: Comex spot price $ per lb. 5.5480 5.5620

Fibers and textiles

Cotton, 1 1/16 strand lw-md Mmphs, per lb 0.6500 0.6495

Energy

Coal, Central Appalachia, 12,500 Btu, 1.2 SO2 79.000 79.000

Source

]]>
Simulations Plus: Fiscal Q3 Earnings Snapshot /news/2025/07/simulations-plus-fiscal-q3-earnings-snapshot/ Mon, 14 Jul 2025 20:14:38 +0000 /?p=27727328&preview=true&preview_id=27727328 RESEARCH TRIANGLE PARK, N.C. (AP) — RESEARCH TRIANGLE PARK, N.C. (AP) — Simulations Plus Inc. (SLP) on Monday reported a loss of $67.3 million in its fiscal third quarter.

On a per-share basis, the Research Triangle Park, North Carolina-based company said it had a loss of $3.35. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.

The maker of software used in pharmaceutical research posted revenue of $20.4 million in the period.

Simulations Plus expects full-year earnings in the range of 93 cents to $1.06 per share, with revenue in the range of $76 million to $80 million.

_____

This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/SLP

Source

]]>
How Trump plans to dismantle the Education Department after Supreme Court ruling /education/2025/07/how-trump-plans-to-dismantle-the-education-department-after-supreme-court-ruling/ Mon, 14 Jul 2025 20:14:32 +0000 /?p=27727323&preview=true&preview_id=27727323 WASHINGTON (AP) — The Supreme Court on Monday cleared the way for the Trump administration to continue , allowing it to move ahead with mass layoffs and a plan to outsource the department’s operations to other agencies.

The justices paused a lower court order that had halted nearly and had called into question the legality of President plan to dismantle the department.

Now, Trump and his education secretary, , are free to execute the layoffs and break up the department’s work among other federal agencies.

They’re expected to move quickly—department lawyers have already previewed the plans in court filings.

What happens with student loans, civil rights cases

Trump and McMahon have acknowledged only Congress has authority to close the Education Department fully, but both have suggested its core functions could be parceled out to different federal agencies.

Among the most important decisions is where to put management of federal student loans, a $1.6 trillion portfolio affecting nearly 43 million borrowers.

Trump in March suggested the Small Business Administration would , but a June court filing indicated the Treasury Department is expected to take over the work. The Education Department said it had been negotiating a contract with Treasury but paused discussions when the court intervened. That work is now expected to proceed in coming days.

Under a separate arrangement, nine Education Department workers already have been detailed to Treasury, according to court filing.

The department had also recently struck a deal to outsource the management of several grant programs for workforce training and adult education to the Department of Labor. The Education Department agreed to send $2.6 billion to Labor to oversee grants, which are distributed to states to be passed down to schools and colleges.

Combining workforce training programs at Education and Labor would “provide a coordinated federal education and workforce system,” according to the agreement.

Additional agreements are expected to follow with other agencies. At her , McMahon suggested that enforcement of the Individuals with Disabilities Education Act could be handled by the . Civil rights work could be managed by the , she said.

Laying off staff

Trump campaigned on a promise to close the agency, and in March ordered it to be wound down “to the maximum extent appropriate and permitted by law.” McMahon had already started a dramatic downsizing, laying off about 1,400 workers and declaring “one final mission” to turn over the agency’s power to states.

Education Department employees targeted by the layoffs have been on paid leave since March, according to a union that represents some of the agency’s staff. The lower court order had prevented the department from fully terminating them, though none had been allowed to return to work, according to the American Federation of Government Employees Local 252. Without the lower court order, the workers would have been terminated in early June.

The Education Department had said earlier in June that it was “actively assessing how to reintegrate” the employees if courts did not rule in Trump’s favor.

___

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

Source

]]>
Yates wins Tour de France’s first mountainous stage and Healy takes yellow jersey /sports/2025/07/yates-wins-tour-de-frances-1st-mountainous-stage-and-healy-takes-yellow-jersey-from-pogacar/ Mon, 14 Jul 2025 20:09:51 +0000 /?p=27725896&preview=true&preview_id=27725896 LE MONT-DORE, France (AP) — British rider Simon Yates won the first mountainous stage of the Tour de France on Monday and Irish rider Ben Healy was consoled by taking the yellow jersey.

Healy was nominated the most combative rider of the day after forcing the initiative on the 10th stage, but Yates – who last month – timed his break perfectly on the final climb to win a stage for the third time.

“It’s been a long time, but actually I also was not really expecting any opportunities here,” said Yates, a teammate of two-time Tour champion Jonas Vingegaard. “We came here fully focused on Jonas and the GC (general classification), so the stage played out in a way that I could be there for the stage. I took it with both hands.”

Dutch rider Thymen Arensman was 9 seconds behind, while Healy finished third, 31 seconds behind Yates.

Three-time Tour champion Tadej Pogačar finished farther back alongside main rival Vingegaard and French rider Lenny Martinez with a gap of 4 minutes, 51 seconds.

It meant Healy, who claimed his first , took the overall lead, 29 seconds ahead of Pogačar.

“It’s a fairy tale,” said Healy, the .

Remco Evenepoel was third in the general ranking, 1:29 behind, and Vingegaard 1:46 behind in fourth.

“I’m still behind and I have to take time at one point,” said Vingegaard, who remained positive that Pogačar wasn’t too far ahead.

“So far I’ve been able to follow all his attacks which I couldn’t do in (Critérium du) Dauphiné,” Vingegaard said, referring to the traditional Tour curtain-raiser. “I think that that shows that I have a better level now than I had in Dauphiné.”

Stage 10 took the riders on an arduous 165.3-kilometer route in the Massif Central — France’s south-central highland region — from Ennezat through seven category two climbs. It finished on the ascent of Puy de Sancy — the region’s highest peak — after 3.3 kilometers of an 8% gradient climb.

French rider Julian Alaphilippe lived up to expectations with the first break on France’s national day, Bastille Day, carving out a 10-second lead before he was caught on the first climb up Côte de Loubeyrat.

Norwegian rider Søren Wærenskjold had to withdraw early as the tough start proved too much after his crash the day before.

German rider Georg Zimmermann withdrew before the start following his crash on Sunday. His team, Intermarché-Wanty, said he “developed signs of a concussion during the night.”

Dutch sprinter Marijn van den Berg also retired due to injuries from his crash on Stage 1, EF Education-Easypost said.

The riders can look forward to their first rest day on Tuesday.

___

AP sports:

Source

]]>
Flames tear through assisted-living facility in Massachusetts, killing 9 and trapping residents /national/2025/07/multiple-deaths-in-fire-at-massachusetts-assisted-living-facility/ Mon, 14 Jul 2025 20:09:18 +0000 /?p=27724330&preview=true&preview_id=27724330 FALL RIVER, Mass. (AP) — Flames roared through an assisted-living facility in , killing nine people and trapping residents inside, including some who leaned out of windows and screamed for help, authorities said Monday. At least 30 people were hurt.

A firefighters union said inadequate staffing hindered the response to the blaze and contributed to the death toll, though the mayor criticized that characterization, and the fire chief suggested no number of first responders would have been enough.

Firefighters responded to the Gabriel House facility in , about 50 miles south of Boston, at about 9:50 p.m. Sunday and were met with heavy smoke and flames at the front of the building. The cause was under investigation, authorities said.

Lorraine Ferrara, one of about 70 residents at the facility, awoke to a neighbor pounding on her door. She tried to make her way through the smoke in the hallway but retreated to her room as the sprinkler system shot hot water onto her back.

The room was filled with smoke, she said. “I opened the window as far as I could, yelling ‘Help! Help! Second floor!’”

A firefighter broke the window and carried her down the ladder, she said.

“I really thought I was going to die,” she said. “I thought there was no way out.”

Others who were rescued were taken to hospitals. Jarren Oldrid described the scene as “pretty terrifying” as he tried to figure out if his 67-year-old father, Steven Oldrid, was safe. He found him recovering from smoke inhalation at a hospital.

Dennis Etzkorn, the facility’s owner, declined to comment Monday, but officials said he was cooperating with what Fire Chief Jeffrey Bacon called “a very extensive investigation.”

Gabriel House opened in 1999 and has 100 units, according to Massachusetts Executive Office of Aging & Independence. Its website promotes studio apartments “for those seniors who cannot afford the high end of assisted living” as well as group adult foster care within walking distance of shopping, restaurants and churches.

Firefighters union decries lack of staff, equipment

About 50 firefighters responded to the scene, including 30 who were off-duty. Police also helped break down doors and carried about a dozen residents to safety. Five injured firefighters were released from the hospital Monday.

“You couldn’t have had enough people here to save everybody that needed help last night,” Bacon said.

But officials with the firefighters union said the closing of fire companies and cutbacks on staff have been a problem for decades.

If staffing had been at the nationally recommended level, eight more firefighters would have been at the scene Sunday night, International Association of Fire Fighters President Edward Kelly said.

“There’s no doubt that would’ve made a difference in the amount of people that we lost to this terrible fire last night,” Kelly said. “Lives would’ve been saved if the Fall River Fire Department was adequately staffed.”

Capt. Frank O’Regan said there was no breathing equipment available when he arrived, so he started going door to door on the third floor without an air tank.

“First room, empty. Second door I kicked in, body. Next room, empty. Next room, body,” he said. “I searched as much as a could but after a while you just can’t take that much smoke.”

He said he was shocked that 40 minutes after firefighters arrived, a large part of the building had not been searched.

“We did the best we could with what we had, and what we had was not enough,” said O’Regan’s brother, Michael O’Regan, president of the firefighters union.

Fall River Mayor Paul Coogan said the fire department is staffed based on the recommendation from the fire chief.

“We staff the fire department at the number the chief asked for,” he said. “We’re not even 24 hours into this and that’s going to be a priority, not the families?”

Rev. Michael Racine, the city’s fire chaplain, spent the night blessing the bodies of the dead and trying to console survivors, families, staff members and firefighters.

“Nobody in that department has seen what we saw last night. Nobody,” Racine said. “We’ve seen fatalities, which we don’t want to see, but nobody’s seen anything like last night.”

Joe Alves, who lives several houses down from the facility, said he saw officials pulling bodies, people in wheelchairs and injured pets out of the building, with some pouring water bottles on burns.

“It was terrible,” he said, choking up slightly.

Several residents praised police and firefighters for heroic rescue efforts but said staff members did little to help.

“They didn’t knock on one door,” Robert Cabral said. “They just ran.”

Massachusetts Gov. Maura Healey offered state assistance to the city’s mayor, condolences to the families of those who died and gratitude to first responders.

“Right now, the first order of business is to make sure we’re assisting the city in every way possible in rehousing what is a vulnerable population,” Healey said “All of these people need assistance. As you saw, many were in wheelchairs, many were immobile, many had oxygen tanks.”

City is one of the poorest in Massachusetts

With about 94,000 residents, Fall River is the state’s 10th-largest city and one of its poorest.

The blue-collar community in southern Massachusetts was once a global center for textile manufacturing, but it suffered population loss and economic hardship as the industry declined. Recent decades have seen some new development and investment, but the city has also been rocked by scandal. Former Mayor Jasiel Correia was and in prison in 2021.

Survivors of the fire were ushered to a temporary housing center about half a mile from their former home, many of them in shock after losing most of their belongings.

Some broke down in tears, others threw out names — desperate to know who was still alive. Staffers handed out sandwiches, beverages and even canes for those who did not have time to grab their medical equipment in the smoke and flames.

Neal Beck, who had lived at Gabriel House for six years, said he was rescued by ladder from his bathroom window.

“I’ve been homeless before,” Beck said. “I guess I’ll be homeless again.”

Head cook Paul Ferreira was off the clock Sunday night but rushed to the scene and watched as bodies were removed the building. He grew emotional describing the community of people who have long struggled to find affordable housing.

“Not knowing it was the last time I was cooking for them, it’s sad. They become part of your family,” Ferreira said. “Some of these people have no family members. Where are they going to go now?”

___

Ramer reported from Concord, New Hampshire. Whittle reported from Scarborough, Maine. Associated Press writers Kathy McCormack in Concord and Matt O’Brien in Providence, Rhode Island, contributed to this report.

Source

]]>
The SEC and Big Ten are currently at a standstill over the College Football Playoff format /sports/2025/07/the-sec-and-big-ten-are-currently-at-a-standstill-over-the-college-football-playoff-format/ Mon, 14 Jul 2025 20:07:22 +0000 /?p=27726524&preview=true&preview_id=27726524 ATLANTA (AP) — Southeastern Conference Commissioner Greg Sankey said Monday that despite frequent conversations with Big Ten counterpart Tony Petitti, the two leagues have yet to agree on the College Football Playoff format after this coming season and could leave it at 12 teams.

The disagreement doesn’t stem from a lack of communication. Sankey said he spoke with Petitti four times last week.

“We had a different view coming out of Destin around the notion of allocations,” Sankey said. “The Big Ten has a different view. That’s fine. We have a 12-team playoff, five conference champions. That could stay if we can’t agree.”

The Big Ten, which has won the last two national championships, favors a 4-4-2-2-1 format, giving four automatic bids to the SEC and Big Ten and awarding the ACC and Big 12 two bids apiece. The SEC, originally thought to be on the same page, switched gears at its in Destin, Florida. The SEC favors five conference champions and 11 at-large bids, which would presumably favor the top conferences most seasons.

The CFP announced in May that teams in the upcoming playoff will be seeded strictly on where they are ranked instead of moving pieces around to reward conference champions. , the first with 12 teams, gave byes to Big 12 champion Arizona State and Mountain West champion Boise State, even though they were ranked 12th and ninth, respectively, by the playoff selection committee.

That system made the rankings and the two different things. The five highest-ranked conference champions will still be guaranteed spots in the playoff.

While the CFP contract from 2026 through the 2031 season requires the SEC and Big Ten to consult other leagues about prospective changes to the playoff system, it also provides them with the ability to impose changes they both want.

Now it’s a matter of getting on the same page.

“I think there’s this notion that there has to be this magic moment and something has to happen with expansion and it has to be forced — no,” Sankey said. “When you’re given authority, you want to be responsible in using that authority. I think both of us are prepared to do so. The upfront responsibility in this, maybe where some of the confusion lies, is we have the ability to present a format or format ideas, gather information, see if we can all agree within that room. We don’t need unanimity.”

___

AP college football:

Source

]]>
Cuomo stays in NYC mayor’s race as an independent after losing Democratic primary to Mamdani /national/2025/07/cuomo-staying-in-nyc-mayors-race-as-independent-after-losing-democratic-primary-to-mamdani/ Mon, 14 Jul 2025 20:07:17 +0000 /?p=27726922&preview=true&preview_id=27726922 NEW YORK (AP) — Former New York Gov. said Monday he will campaign for mayor of New York City as an independent candidate, staying in a crowded field running against surging left-wing Democratic candidate .

In a video, Cuomo, who last month suffered a in the Democratic primary, announced he was making another run to combat the progressive Mamdani, who he said “offers slick slogans but no real solutions.”

“The fight to save our city isn’t over,” Cuomo said. “Only 13 percent of New Yorkers voted in the June primary. The general election is in November and I am in it to win it.”

Incumbent Mayor also is running as an independent in the general election and Curtis Sliwa — founder of the 1970s-era Guardian Angels anti-crime patrol — is again on the Republican line.

People opposed to Mamdani’s progressive agenda, which includes higher taxes on the wealthy, have called on donors and voters to unite behind a single candidate for the November election. They fear multiple candidates will splinter the anti-Mamdani vote, increasing the Democrat’s chances to win.

Mamdani’s campaign responded to Cuomo’s announcement by saying the ex-governor and mayor are cozying up to “billionaires and Republicans” while the Democratic nominee remains focused on affordability issues.

“That’s the choice this November,” campaign spokesperson Jeffrey Lerner said in a statement.

Cuomo’s decision to continue on in the race is the latest chapter in his comeback attempt, launched almost four years after he resigned as governor in 2021 following a barrage of allegations. He denied wrongdoing during the campaign, maintaining that the scandal was driven by politics.

Cuomo was treated as the presumed frontrunner for much of the Democratic primary, with the former governor boasting deep political experience, universal name recognition and a juggernaut fundraising operation. He limited media interviews, held few unscripted events and avoided mingling with voters.

That strategy contrasted with Mamdani’s energetic street-level campaign centered around affordability issues. The 33-year-old amassed a legion of young volunteers who blanketed the city to build support, while the candidate’s savvy social media persona won him national acclaim.

Lagging behind Mamdani in the vote count, Cuomo conceded the race last month on primary night. Final results released after the city ran through its ranked choice voting calculations showed Mamdani besting the former governor by 12 percentage points.

Despite the Democratic primary loss, Cuomo had also qualified to run on an independent ballot line in November under a party he created called “Fight and Deliver.”

As he weighed whether to stay on as an independent, Cuomo began losing support from traditional allies. Key labor unions backed Mamdani and the Rev. Al Sharpton, an influential Black leader, urged Cuomo to step aside.

Some deep-pocketed contributors have meanwhile aligned behind Adams, who is . Although he’s still a Democrat, Adams pulled out of the primary shortly after a federal judge dismissed a corruption case against him at the request of President Donald Trump’s Justice Department, arguing that the case had sidelined him from campaigning.

Cuomo, 67, served as governor for over a decade and modeled himself as a socially progressive Democrat who got things done. He pushed through legislation that legalized gay marriage and tackled massive infrastructure projects, like a three-mile bridge over the Hudson River that he named after his father.

Cuomo’s national profile peaked in the early days of the nation’s coronavirus outbreak during his televised daily briefings. The governor leavened stern warnings for people to wear masks with heartfelt expressions of concern for his elderly mother or brotherly banter with Chris Cuomo, a TV journalist.

His reputation was soon tainted when it emerged that the state’s official count of nursing home deaths had excluded many victims who had been transferred to hospitals before they succumbed.

Cuomo resigned shortly after New York’s attorney general released the results of an investigation that found he sexually harassed at least 11 women.

Source

]]>
The Latest: Supreme Court will allow mass layoffs at Education Department /russia-ukraine-war-news/2025/07/the-latest-trump-promises-a-major-statement-on-russia-ukraine-war-as-he-hosts-nato-leader/ Mon, 14 Jul 2025 20:06:26 +0000 /?p=27724921&preview=true&preview_id=27724921 The is allowing President to put his plan to dismantle the Education Department back on track and .

With the three liberal justices in dissent, the court on Monday paused an order from U.S. District Judge Myong Joun in Boston, who issued a preliminary injunction reversing the layoffs and calling into question the broader plan.

The high court action enables the administration to resume work on winding down the department, one of Trump’s biggest campaign promises.

Separately, said Monday he would punish Russia with “biting” tariffs if there isn’t a deal to end the war in Ukraine within 50 days. He made the announcement during an Oval Office meeting with NATO Secretary-General . Trump also said NATO members will purchase “billions and billions” of dollars in and transfer the munitions to Ukraine under a new deal to support Kyiv in defending itself against Russia. And he said this should serve notice to Russian President Vladimir Putin that he is serious about ending the war.

Here’s the latest:

Trump spoke by phone with Ukraine’s president

President of Ukraine had what he called a “very good conversation” by phone with Trump.

“Thank you for the willingness to support Ukraine and to continue working together to stop the killings,” Zelenskyy wrote.

He said Trump detailed Trump’s meeting Monday with Mark Rutte, NATO’s secretary general, and said it was important that “Alliance countries are working to increase defense spending.”

“We discussed the necessary means and solutions with the President to provide better protection for people from Russian attacks and to strengthen our positions,” Zelenskyy wrote, adding that he was “ready to work as productively as possible to achieve peace.”

Zelenskyy added that Trump had “agreed to catch up more often by phone and coordinate our steps in the future.”

House Democratic leader says Putin has been ‘punking’ Trump all year

Minority Leader Hakeem Jeffries says Trump campaigned on a promise to quickly end Russia’s war with Ukraine, but instead spent the first six months of his administration “playing footsie” with Putin while the Russian president unleashes a military assault on Ukraine.

“How’s that working out?” said Jeffries of New York during a press conference at the U.S. Capitol.

“Vladimir Putin has spent the entire year punking Donald Trump and the Trump administration,” he said.

The Democratic leader dismissed Trump’s new plan for an peace deal within 50 days, and said Congress should impose sanctions on Russia to pressure an end to the war.

Supreme Court allows Trump to lay off nearly 1,400 Education Department employees

The is allowing President Donald Trump to put his plan to dismantle the Education Department back on track and go through with laying off nearly 1,400 employees.

With the three liberal justices in dissent, the court on Monday paused an order from U.S. District Judge Myong Joun in Boston, who issued a preliminary injunction reversing the layoffs and calling into question the broader plan.

The layoffs “will likely cripple the department,” Joun wrote. A federal appeals court refused to put the order on hold while the administration appealed.

The high court action enables the administration to resume work on winding down the department, one of Trump’s biggest campaign promises.

▶ Read more about

German military chief touts military investments in meeting with Hegseth

German’s defense minister is visiting the Pentagon to meet with Defense Secretary Pete Hegseth as his country works to and assist Ukraine in its fight against Russia.

Defense Minister met with his American counterpart Monday afternoon. Speaking to reporters Pistorius said Germany is working to take on greater responsibilities for European defense. He cited Germany’s increased defense funding as well as the work it has done to oppose Russia’s invasion of Ukraine.

“We are determined to assume greater responsibility for Europe’s deterrence and defense, while recognizing that the contribution of the United States of America remains indispensable to our collective security,” Pistorius said.

The meeting came on the same day that Trump announced a plan that would see European allies buy U.S. military equipment including .

Hegseth cited that deal as well as the creation of a new as evidence of Germany’s contribution to security.

“We’ve seen incredible progress inside NATO and with Germany taking the lead on that,” Hegseth said.

More than 20 states sue Trump administration over frozen after-school and summer program funding

More than 20 states have sued President Donald Trump’s administration over billions of dollars in frozen funding for after-school and summer programs and other programs.

Aiden Cazares is one of 1.4 million children and teenagers around the country who have been attending at a Boys & Girls Club, the YMCA or a public school for free thanks to federal taxpayers. Congress set aside money for the programs to provide academic support, enrichment and child care to mostly low-income families, but President Donald Trump’s administration recently froze the funding.

The money for the 21st Century Community Learning Centers is among more than $6 billion in federal education grants Trump’s Republican administration has withheld, saying it wants to ensure recipients’ programs .

▶ Read more about

Trump said he’s ended the ‘radical left war on faith’

He also touted a recent decision allowing religious leaders to endorse candidates without their organizations losing tax exempt status.

Addressing religious leaders at a White House event, Trump said “you have more power than anybody, but you’re not allowed to use your power.”

Russian commentators brush off Trump’s tariff threats

Russian commentators began to react to Trump’s announcement with NATO’s Mark Rutte late Monday Moscow time. There has not yet been an official statement from the Kremlin.

“Trump’s dream is for war to be a business — to sell weapons to the EU,” Pro-Kremlin military blogger Yuri Kotenok wrote in a post on Telegram.

Others made light of Trump’s threat of tariffs.

“Oh, how much can change both on the battlefield and with the mood of those leading the U.S. and NATO in 50 days,” said senior lawmaker Konstantin Kosachev.

Trump talks money at faith lunch

Trump’s remarks quickly turned from religion to the economy. He called Federal Reserve Chair Jerome Powell “a knucklehead, stupid guy” who is costing the country hundreds of billions of dollars.

He continued by touting the billions taken in by U.S. tariffs so far.

“I’ve always made money,” he said. “Now I’m making it for you people.”

Trump says political opponents ‘wanted to take God and religion out of your lives’

The president began his remarks at an event hosted by the White House Faith Office by expressing his support for religion in public life.

“A nation that prays is a nation that prospers,” he said.

Trump says economy doing fine despite Fed holding off on rate cuts

President Donald Trump appears to be blaming Federal Reserve Chair Jerome Powell for the high cost of housing in the U.S.

Trump on Monday repeated his attacks on Powell for not cutting the Fed’s benchmark interest rate, saying that the head of the U.S. central bank has been “terrible” and “doesn’t know what the hell he’s doing.” Powell has held off on further reductions to the rate controlled by the Fed given Trump’s tariffs, saying that Fed officials want to see how the import taxes influence inflation and economic growth.

Trump said the economy was doing well despite Powell’s refusal to reduce rates to Trump’s liking, but it would be “nice” if there rate cuts “because people would be able to buy housing a lot easier.”

The Fed’s concern is that rate cuts on the scale discussed by Trump could worsen inflation if, in fact, his tariffs result in higher prices across the U.S. economy. There is also the possibility that tariffs harm economic growth in ways that require rate cuts in order to limit job losses.

Trump says Biden ‘knew nothing about what he was signing’

Trump is repeating his assertions that his predecessor’s use of the autopen is a major scandal.

He was asked for his reaction to Biden’s comments to The New York Times that he approved a series of pardons at the end of his term, then directed the use of the autopen to make them official. Trump responded of his predecessor, ““I guarantee he knew nothing about what he was singing.”

Trump added that it was unfortunate that Biden got to use the Resolute Desk in the Oval Office just like he does.

And he noted that, while the use of the autopen is legal, it is “not supposed to be for signing major legislation” and things like presidential pardons.

Trump likens Gaza to a real estate deal

Trump derided the Gaza Strip as “one of the worst real estate deals ever made” and suggested that its formation involved giving up “oceanfront property.”

The president has for months suggested that Israel could seize control of Gaza amid its war with Hamas there, and then cede it to the U.S.

Trump has said repeatedly that U.S. authorities could then transform the area into a Riviera-like resort.

Trump said one of his administration’s chief foreign envoys, Steve Witkoff, would be working on Gaza and that there could be something “fairly soon to talk about” on that front.

German defense minister t

o meet Monday with US defense secretary on missiles

Trump and Rutte say Germany is going to supply Ukraine with a massive amount of weaponry, including Patriot missile defense systems, as part of the broader initiative by the U.S. and the alliance to shore up Ukrainian defenses.

German Defense Minister Boris Pistorius is due to meet later Monday with Pete Hegseth to discuss the Patriot transfers, which Trump and Rutte said could occur within days.

Trump urges Putin to make a deal with Ukraine

Trump repeated his frustration that Putin has resisted making a deal with Ukraine to end the war.

He said his conversations with the Russian president “are always very pleasant,” but “then missiles go off that night.”

Putin “knows what a fair deal is,” Trump said.

Trump changes his tune on Europe and defense spending

Trump seems increasingly sanguine about European nations playing a larger role in opposing Russia’s war with Ukraine and spending more to help increase military security on the continent.

Trump says he’s pleased with Europe spending more on defense — after many NATO members at a recent summit in The Hague agreed to increase spending to 5% of their GDP — and reiterated his complaints that the U.S. still spends heavily to defend Ukraine.

“The spirit they have is amazing,” Trump said. “Ultimately, having a very strong Europe is a good thing,” Trump said.

Trump says Russia sanctions bill could be necessary, or very useful

Trump says of a GOP-championed sanctions package against Russia, “I’m not sure we need it.”

The president noted shortly thereafter, however, that some top Republicans in the Senate were working hard on the matter. He added that he didn’t want them to “waste their time.”

“It could be very useful, we’ll have to see,” Trump said.

The president also talked about how the finished legislative sanctions package could eventually punish Russia with tariffs exceeding 100%. But he said he plans to impose 100% tariffs unilaterally soon if Russia’s war in Ukraine isn’t concluded.

Trump: NATO members will buy ‘billions and billions’ of dollars in US weaponry

Trump says the European governments will then transfer the munitions to Ukraine under a new deal to support Kyiv in defending itself against Russia.

Trump said in the Oval Office on Monday with Rutte that those transfers — combined with a threat to impose 100% tariffs on all Russian exports if a peace deal isn’t reached within 50 days — should serve as notice to Putin that he’s serious about ending the war.

Trump did not provide details but said the weapons would include Patriot missile defense batteries.

NATO Secretary-General: Weapons deal with US should cause Russia to consider peace with Ukraine

Mark Rutte said Europeans will buy weapons from the U.S. to equip Ukraine, and that the armaments and equipment should cause Russian President Vladimir Putin to “reconsider” peace negotiations.

Rutte said Ukraine would get “massive numbers of military equipment” such as missiles, air defense systems and ammunition.

“Speed is of the essence here,” said Rutte. He said Germany, Finland, Canada, Norway, Sweden, the United Kingdom and Denmark would be among the buyers to supply Ukraine.

Trump threatens Russia with tariffs if war on Ukraine isn’t resolved

The president promised “biting” tariffs if the war doesn’t end. He described them as secondary tariffs, meaning they would target Russia’s trading partners. If implemented, it would be an attempt to isolate Moscow in the global economy.

“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days,” Trump said during a meeting with NATO’s secretary general.

The president suggested such levies could feature 100% tariffs. It wasn’t immediately clear what products could be targeted.

Trump: NATO members will buy ‘billions and billions’ of dollars in US weaponry

Trump says the European governments will then transfer the munitions to Ukraine under a new deal to support Kyiv in defending itself against Russia.

Trump said in the Oval Office on Monday with Rutte that those transfers — combined with a threat to impose 100% tariffs on all Russian exports if a peace deal isn’t reached within 50 days — should serve as notice to Putin that he’s serious about ending the war.

Trump did not provide details but said the weapons would include Patriot missile defense batteries.

Senate Democrats raise concerns that the US retreat benefits China

Trump’s cuts to international programs, tariffs on allies and partners, and unfriendly moves against international students have “deeply” undermined U.S. competitiveness in its rivalry against China, warned the Democrats on the Senate Foreign Relations Committee in a report released today.

The report calls for action by Congress to rebuild tools to restore the U.S. global reputation and influence so that U.S. won’t be unseated by China as the world’s leading power.

“America’s retreat from the world will have real and lasting consequences for the American people,” it says. “A retreat from the system that we helped build following the Second World War — based on democracy, economic interdependence and American values — means China is increasingly able to set the global agenda at the expense of U.S. interests.”

Bitcoin hits another all-time high as Congress begins ‘crypto week’

Data from CoinMarketCap showed climbed above $123,000 early Monday, up from about $108,000 only a week ago. The cryptocurrency is now the fifth most valuable asset class in the world at $2.4 trillion, with a higher market cap than Amazon.

The House is under pressure from Trump and the big-spending crypto lobby to quickly pass including a bill last month by the Senate to regulate so-called stablecoins. The House is considering far more sweeping cryptocurrency market structure legislation.

Trump, once a skeptic, vowed to make the U.S. He and his family have moved into mining operations, billion-dollar bitcoin purchases, a newly minted stablecoin and a Trump-branded meme coin.

Wall Street hangs near its record, betting Trump will back down on tariffs

The S&P 500 was edging down early Monday, still within 0.5% of its all-time high set on Thursday. The Dow Jones Industrial Average and Nasdaq composite were holding steady in their first trading after Trump said he plans on goods from Mexico and the European Union starting Aug. 1, the same deadline he announced for .

The latest postponements allow time for more dealmaking to mitigate economic damage. Enacting all his import taxes on U.S. consumers would raise the risk of a recession and raise U.S. debt pressure as big tax cuts add to the deficit.

Ulrike Hoffmann-Burchardi, global head of equities at UBS Global Wealth Management, predicts the Trump administration “will ultimately de-escalate, especially if there is a new bout of heightened bond and stock market volatility.”

Trump the dealmaker: more ultimatum than compromise

As Trump slaps with rather than slog through prolonged negotiations, pressures to cut interest rates and aimed at reshaping higher education, it’s clear that threats are a permanent feature of his presidency.

He’s tightening his grip on independent institutions, with fewer checks on his power. Republicans in Congress fear primary challenges, and the Supreme Court is stocked with his appointees.

Trump’s allies believe his aggression is required in a political ecosystem where he’s under siege from Democrats, the court system and the media. Critics fear he’s eroding the country’s democratic foundations with an authoritarian style.

“Pluralism and a diversity of institutions operating with autonomy — companies, the judiciary, nonprofit institutions that are important elements of society — are much of what defines real democracy,” said Larry Summers, a former Treasury secretary and former president of Harvard University. “That is threatened by heavy handed, extortionist approaches.”

▶ Read more about

Trump’s envoy to Ukraine and Russia meets with Volodymyr Zelenskyy

They met in Kyiv on Monday as anticipation grew over a possible shift in the Trump administration’s policy on the .

Zelenskyy said he and had “a productive conversation” about strengthening Ukrainian air defenses, joint arms production, purchasing U.S. weapons in conjunction with European countries and the possibility of tighter sanctions on the Kremlin.

Trump has about Russian President Vladimir on U.S-led peace efforts. “I am very disappointed with President Putin, I thought he was somebody that meant what he said,” Trump said late Sunday.

“We hope for the leadership of the United States, because it is clear that Moscow will not stop unless its … ambitions are stopped by force,” Zelenskyy said on Telegram.

Summer and after-school programming for 1.4 million students at risk

These children attend at a Boys & Girls Club, YMCA or public school for free thanks to funding set Congress set aside for academic support, enrichment and child care to mostly low-income families. Many now face closure as the Trump administration withholds more than $6 billion in federal education grants to .

Ninety-one of the 100 school districts receiving the most money from four frozen grant programs are in Republican congressional districts, according to , a left-leaning think tank.

“I deeply believe in fiscal responsibility, which means evaluating the use of funds and seeking out efficiencies, but also means being responsible — releasing funds already approved by Congress and signed by President Trump,” said Georgia schools superintendent Richard Woods, an elected Republican.

▶ Read more about

How Republicans are getting around a filibuster

Spending bills almost always need some bipartisan buy-in to get 60 votes to avoid in the 100-member Senate. This week’s effort is different.

Congress set up a process under President Richard Nixon to speedily claw back previously approved spending authority with only a simple Senate majority. It’s a rarely employed maneuver. Trump in 2018, but that package stalled.

“How Republicans answer this question on rescissions and other forthcoming issues will have grave implications for the Congress, the very role of the legislative branch, and, more importantly, our country,” Senate Democratic leader Chuck Schumer warned in a letter to colleagues.

Senate Majority Leader John Thune said he’s disappointed to see Schumer “implicitly threaten to shut down the government.”

The Trump administration is likening this as a test case and says more could come if Congress goes along.

White House says public media system is politically biased and unnecessary

Trump has asked lawmakers to rescind nearly $1.1 billion from — the full amount it’s due to receive during the next two budget years.

The corporation distributes more than two-thirds of the money to more than 1,500 locally operated public television and radio stations. Much of the rest supports national programming through National Public Radio and the Public Broadcasting System.

The potential fallout has generated concerns among Republicans. Sen. Mike Rounds of South Dakota says these radio stations “are the only way of really communicating in the very rural areas of our state, and a lot of other states as well.”

In , Office of Management and Budget Director Russ Vought criticized a “Sesame Street” town hall on CNN about combatting racism.

A Senate vote will test the popularity of DOGE spending cuts

Senate Republicans will test the popularity of spending cuts this week by aiming to pass Trump’s request to claw back $9.4 billion in public media and foreign aid spending.

Senate Democrats are trying to kill the measure, but they need help from a few Republicans.

A rarely used tool allows the president to the cancellation of previously approved funding authority, triggering a 45-day clock under which the funds are frozen. If Congress fails to act before that clock expires Friday, the spending stands.

The House has already on a mostly party line 214-212 vote. The Senate has little time to spare. Another House vote will be needed if senators amend the legislation, adding more uncertainty.

▶ Read more about

Europe forges response to Trump’s surprise tariffs threat

European trade ministers are meeting in Brussels following Trump’s surprise announcement of

“We should prepare to be ready to use all the tools in the toolbox,” said Denmark’s foreign minister, Lars Løkke Rasmussen, told reporters ahead of the meeting. “So we want a deal, but there’s an old saying: ’If you want peace, you have to prepare for war.’”

If Trump makes good on his against dozens of countries, it could have ramifications for nearly every aspect of the global economy.

▶ Read more about

The European Union is suspending Monday’s retaliatory tariffs

″This is now the time for negotiations,’′ European Commission President Ursula von der Leyen told reporters in Brussels on Sunday after Trump sent a letter announcing new 30% tariffs on all EU goods starting Aug. 1.

The America’s biggest trading partner and the world’s largest trading bloc had been scheduled to impose ″countermeasures’’ starting Monday at midnight.

″We have always been clear that we prefer a negotiated solution,’′ she said. If they can’t reach a deal, she said that ″we will continue to prepare countermeasures so we are fully prepared.’′

Trump to meet with NATO leader

Mark Rutte, the NATO secretary general, is visiting to meet with Trump. Their meeting is scheduled for 10 a.m. ET in the Oval Office.

Trump is expected to move forward with a plan to sell weapons to European allies who can then transfer the weapons to Ukraine.

The president has grown frustrated with Russia’s Vladimir Putin and has promised a “major statement” on Monday.

Source

]]>