

A high school in Fagersta, central Sweden, experienced a sword attack that left several people injured. Police responded to the incident, arresting one man who was reportedly shot in the leg. Authorities have declared a state of high alert in the Vastmanland region, where Fagersta is located, though police state there is no ongoing public danger. This event follows a series of attacks on Swedish educational institutions in recent years, including a mass shooting in 2025.
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BBCMercedes driver George Russell achieved his first pole position in four races during qualifying for the Dutch Grand Prix sprint event at Zandvoort. He narrowly outpaced McLaren's Lando Norris by 0.041 seconds, while championship leader Kimi Antonelli qualified fifth. This strong performance marks a positive start to the second half of the season for Russell, who aims to reduce Antonelli's 59-point lead in Saturday's sprint race. The Briton expressed satisfaction with his lap, noting the challenge of sprint qualifying.
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BBCThe U.S. military's Central Command announced it has assisted over 1,300 commercial vessels, transporting more than 660 million barrels of crude oil through the Strait of Hormuz since early May. This figure indicates a substantial amount of oil transit despite ongoing Iranian threats and attacks in the contested waterway. The Strait remains divided, with the U.S. military guiding ships through a southern route while Iran demands use of a northern route through its territorial waters. The high-risk, high-profit nature of these transits means tankers earn significant daily rates, with seafarers receiving increased pay.
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CNBCA significant public health challenge in the U.S. stems not from widespread anti-vaccine sentiment, but from a large segment of Americans who are uncertain about vaccine safety and effectiveness. A KFF survey revealed that while few believe common vaccine myths, at least half are in a 'gray area' susceptible to conflicting messages. This uncertainty contributes to declining childhood vaccination rates and a 35-year high in measles cases, exacerbated by political rhetoric questioning vaccine efficacy. Health experts emphasize the need for clear, evidence-based information and trusted healthcare provider conversations to address these concerns.
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CNBCLonger-dated U.S. government bond yields saw an increase on Friday, reflecting persistent investor anxiety regarding the Treasury Department's expanded debt repurchase program and the escalating national debt. The 30-year Treasury bond yield rose over 3 basis points to 5.273%, while the 10-year yield, a key benchmark, also climbed. This rebound in borrowing costs followed Treasury Secretary Scott Bessent's intervention to ease pressure on the long end of the curve. Traders are now anticipating Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole Economic Policy Symposium for insights into central bank plans. (not investment advice)
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CNBCKen Griffin, head of Citadel, informed clients that the firm has successfully unwound over 80% of the aggregate risk associated with the portfolio acquired from Leopold Aschenbrenner's Situational Awareness hedge fund. This involved more than 100 block trades exceeding $4 billion in market value, completed with significant cooperation from banking partners. Citadel's flagship Wellington fund achieved a 5.94% return in July, its best monthly performance since 2022. The acquisition followed Situational Awareness being forced to sell its public stock positions due to substantial losses in AI-focused long and short positions. (not investment advice)
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CNBCA Texas court has significantly reduced a $50 million judgment against Infowars founder Alex Jones to $1.5 million, stemming from his false claims that the 2012 Sandy Hook school shooting was a hoax. The Texas Third Court of Appeals ruled that parents Neil Heslin and Scarlett Lewis did not provide sufficient evidence of harassment to exceed the state's $750,000 cap on damages per plaintiff. This ruling, however, does not impact the separate $1.4 billion judgment against Jones in Connecticut. Jones had conceded during the trial that the attack was real, but the parents sought financial accountability for years of suffering.
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CBS NewsResidents in Dover, Delaware, and on Long Island, New York, are assessing damage after tornadoes touched down amidst sudden storms that brought heavy rains and flash flooding to the northeastern U.S. In Atlantic Beach, Long Island, a tornado caused major damage to beach club cabanas and minor injuries, while in Dover, Delaware, a motel roof was blown off. Emergency crews in Nassau County, Long Island, and Jersey City, New Jersey, rescued dozens of people trapped in vehicles due to severe flooding. Tornadoes are relatively uncommon in this region, making these events particularly impactful.
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The GuardianWaffle House is venturing beyond its traditional breakfast fare by testing seven varieties of tacos at approximately 45 locations in the Atlanta metropolitan area. The new menu includes breakfast tacos with egg and cheese, and lunch/dinner options like cheesesteak melt tacos, all available throughout the day. A company spokesperson noted positive early feedback, but social media reactions have been divided, with some customers expressing excitement and others skepticism about the iconic diner's unexpected culinary expansion. This move follows other recent menu experiments as the chain seeks to adapt and innovate.
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Fox NewsMexican President Claudia Sheinbaum is facing widespread criticism after her chief counsel unveiled lists naming 54 news outlets and journalists, and 32 opposition politicians, who are allegedly part of a 'digital ecosystem' amplifying 'false narratives' against her administration. Sheinbaum denies any intent of censorship, stating the lists merely illustrate social media's use of journalistic accounts for propaganda. However, many journalists, including those on the lists, condemn the action as a government effort to silence the press, especially given Mexico's high dangers for reporters. The controversy coincides with Sheinbaum's proposed 'audience rights' guidelines for broadcasters, which critics fear could infringe on press freedom.
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LA TimesOnce a rapidly expanding market for American companies, China is now proving challenging for major U.S. brands like Nike, Starbucks, and General Motors. Geopolitical tensions, a surge in domestic competition, and a perceived disconnect from Chinese consumer preferences are contributing to their decline. Experts suggest U.S. companies have failed to adequately adapt to local market needs and innovation cycles, while Chinese consumers increasingly favor local brands. However, some companies, including Lululemon and Ralph Lauren, continue to find success by maintaining strong business strategies and offering compelling, locally relevant products.
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CNBCA body has been recovered in the North Sea during the search for a man who fell overboard from the Ambassador Cruise Lines vessel MS Ambition. The incident occurred approximately 36 nautical miles from Arbroath, off Scotland's east coast, during the ship's return journey from a solar eclipse cruise. Lifeboats, coastguard crews, and aerial support were deployed in the search operation before the ship docked in Dundee. Police Scotland has informed the missing man's family, though formal identification is still pending for the individual.
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BBCTyson Foods, the largest U.S. meatpacking company, is closing two facilities and selling another, leading to hundreds of layoffs, as the cattle supply hits a 75-year low. This historic shortage, driven by drought and rising costs, has already caused beef prices to soar over the past year. However, economists predict these specific plant closures will not significantly impact consumer beef prices, as the U.S. has excess processing capacity. The beef that would have been processed at Tyson's plants will simply be rerouted to other facilities, preventing a major supply disruption.
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The GuardianBroadcom is reportedly in discussions to secure between $70 billion and $80 billion in debt financing to support its chip deals for artificial intelligence companies, including Anthropic. The financing is expected to be structured with a senior tranche of around $45 billion and a junior tranche of about $35 billion, though figures are still fluid. This move underscores the historic capital demands chipmakers face in funding the rapid expansion of AI infrastructure. Earlier, Broadcom announced an AI platform to enable 20 gigawatts of compute for Anthropic and OpenAI, with initial financing led by Blackstone and Apollo. (not investment advice)
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CNBCPresident Donald Trump announced a temporary waiver of higher tariffs on up to 300,000 metric tons of ground beef imports over the next three months, aiming to reduce consumer prices. He stated a commitment that this imported beef would be sold at 25% below current market prices, without specifying the involved companies. This policy comes as U.S. beef prices have soared due to a shrinking cattle herd, at its lowest since the 1950s. However, the National Cattlemen's Beef Association criticized the move, arguing it would harm American ranchers rather than help rebuild the herd. (not investment advice)
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CNBCBitcoin is poised for a significant weekly gain of approximately 23%, trading around $77,000, driven by a series of positive market developments. The rally began with a sharp pullback in Treasury yields, easing pressure on risk assets, and was amplified by a massive short squeeze. Investor sentiment further improved due to a push for the Clarity Act, a bill aimed at regulating the crypto market. Despite this surge, bitcoin remains below its 2026 high of $94,820, with experts suggesting a final market flush before a potential bull run. (not investment advice)
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CNBCIranian President Masoud Pezeshkian has indicated it is an opportune moment to end the conflict with the United States, asserting Iran's 'position of strength and dignity.' His comments come as a partial truce expired without renewal and amidst conflicting messages from both Tehran and President Trump. While Pezeshkian suggested negotiations, an Iranian military leader threatened 'crushing responses' to further U.S. economic pressure. Trump had previously warned of an 'unprecedented' economic operation against Iran, aiming to cut off its trading partners and 'collapse this regime.'
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Deutsche WelleManitoba Premier Wab Kinew has strongly criticized a prospective trade deal with the U.S., advocating for Canada to resist concessions as a U.S.-imposed deadline looms. Kinew urged Prime Minister Mark Carney not to rush, despite the risk of new U.S. tariffs on Canadian goods. Canadian negotiators are reportedly close to a deal that would reduce U.S. tariffs on Canadian metals and autos in exchange for Canada restoring U.S. alcohol sales and potentially granting greater access to its dairy market. Kinew, however, views President Trump as untrustworthy and encourages Canadians to boycott U.S. products even if sales resume.
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BBCNavy officials are reportedly considering stripping the name of World War II hero Doris Miller from a new aircraft carrier, the USS Doris Miller, and potentially renaming it after President Donald Trump. This move, if enacted, would be unprecedented for a sitting president. Miller, a Black sailor, was posthumously honored for his bravery at Pearl Harbor, receiving the Navy Cross. His great-nephew expressed shock and disappointment, though noted the family would be honored if another carrier were named for Miller. The discussions come after Trump previously lamented not having a carrier named after him.
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The effectiveness of the Trump administration's intensified economic campaign against Iran, which aims to 'collapse' the regime with 'toughest sanctions in history,' may largely depend on the United Arab Emirates. Dubai, a major financial hub, has historically served as a crucial conduit for Iran to bypass international sanctions and access funds from oil sales, particularly to China. U.S. Treasury officials believe the UAE will be instrumental in cutting off Iran's access to foreign currencies and reserves. Recent U.S. sanctions have targeted Dubai-based shell companies acting as a shadow banking system for Iran, prompting the UAE to announce a halt to all trade and financial transactions with Iran.
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CBS NewsArgentina midfielder Leandro Paredes has received a 10-match ban from FIFA's disciplinary committee for his involvement in on-field altercations following the 2026 World Cup final loss to Spain. Teammate Nahuel Molina was also suspended for seven matches, and the Argentinian Football Association (AFA) was fined $321,000 for various breaches, including team misconduct and discriminatory chants. Paredes was cited for grabbing an opponent by the throat and striking another. The AFA plans to appeal the sanctions, which only apply to international fixtures.
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BBCLeaked audio from a private fundraiser reportedly captures U.S. Vice-President JD Vance mocking Canadian Prime Minister Mark Carney for attempting to 'out-tough' Donald Trump in trade negotiations. Vance allegedly stated that Carney 'climb[ed] down on a lot of issues,' despite the Canadian leader presenting the potential deal as a victory. The comments emerge during critical U.S.-Canada trade talks, where Canada is expected to allow U.S. alcohol sales in exchange for avoiding severe tariffs. Manitoba's premier, Wab Kinew, reacted by calling Trump 'weak' and urging Canadians to continue boycotting U.S. products.
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The GuardianHaley Ashcom, a mother of four, shared her harrowing experience with postpartum psychosis on 'CBS Mornings,' as the condition gains renewed attention from the Lindsay Clancy trial. Ashcom described struggling with insomnia and anxiety post-delivery, which escalated into intrusive thoughts and violent voices. Despite initial misdiagnosis, she eventually received proper treatment at a psychiatric hospital for postpartum psychosis, a rare but dangerous condition that can lead to delusions and harm to self or children. Ashcom, who has since recovered and had more children, hopes her story encourages others to seek help for this often-underdiagnosed illness.
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CBS NewsEngland international defender Ezri Konsa has completed a £55 million move to Arsenal from Aston Villa, signing a four-year contract with an option for an additional year. The 28-year-old expressed pride in joining 'one of the best teams in the world' and eagerness to contribute to winning trophies. Konsa's transfer addresses Arsenal's defensive needs, particularly with key players William Saliba and Jurrien Timber facing injuries. His versatility, being comfortable at both central defense and right-back, is expected to bolster the Premier League champions' squad, which has already spent over £100 million this transfer window.
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BBCPrince Harry and six other public figures are facing a potential legal bill of up to £34.5 million to Associated Newspapers Limited (ANL) after a High Court judge imposed an exceptional order for costs in their failed privacy case. The claimants, including Sir Elton John and Liz Hurley, must pay an initial £9.54 million by next week. The judge criticized their handling of the claims as 'unreasonable to a high degree,' noting the failure to withdraw serious allegations. Despite having insurance, the group could be liable for an additional £18 million beyond their £16.2 million coverage.
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BBCA Texas judge is currently hearing testimony regarding Karmelo Anthony's motion for a new trial, following his conviction and 35-year prison sentence for fatally stabbing a fellow student at a high school track meet. Anthony's attorneys argue he was coerced into waiving his right to testify due to a dispute over character evidence, denying him a complete defense. The hearing proceeds with a new judge after the original trial judge was recused due to questions about his impartiality and courtroom restrictions. Prosecutors maintain the stabbing was unjustified and the trial was conducted ethically.
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A small civilian-contracted plane, chartered by the U.S. Army Corps of Engineers, crashed in western Alaska, resulting in the deaths of all eight people on board. The twin-engine Cessna 441 was en route to the remote Cape Newenham Long Range Radar Site Airport, approximately 450 miles west of Anchorage. The U.S. Army Corps of Engineers confirmed two of its employees were among the deceased, with two pilots and six passengers in total. The National Transportation Safety Board and the Federal Aviation Administration are investigating the crash, which occurred in foggy weather conditions.
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CBS NewsPerpetual futures, or 'perps,' are rapidly growing overseas and posing an existential threat to Wall Street's traditional exchange business model, particularly with the rise of decentralized platforms like Hyperliquid. These 24/7, never-expiring derivatives could disrupt lucrative revenue streams from contract rollovers and extend beyond cryptocurrencies to traditional asset classes. While critics cite internal leverage as a concern, proponents highlight their cost-effectiveness and continuous access, driving institutional interest. The Chicago Mercantile Exchange has sued the CFTC over its classification of bitcoin perps, underscoring the intense regulatory and competitive battle over this evolving financial product. (not investment advice)
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CNBCMatt Zames, a former JPMorgan Chase executive, is joining the Trump administration as an unpaid advisor to the Social Security agency. He will assist Social Security Commissioner Frank Bisignano, his former colleague, in modernizing the agency's decades-old technology systems. Zames, who previously served as JPMorgan's chief operating officer and president of Cerberus, brings extensive experience in technology and cost-cutting initiatives. His appointment comes as the Social Security Administration faces projections of its retirement trust fund exhausting in less than a decade, potentially necessitating benefit cuts for millions of Americans.
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CNBCJoe Root's second tenure as England cricket captain has commenced with a commanding innings and 103-run victory over a struggling Pakistan team at Headingley. England steamrolled the tourists for 135 in their second innings, securing a lead in the three-match series. This win, England's third in 11 matches, offers a welcome boost after recent team chaos and the retirement of former captain Ben Stokes. Despite the opposition's dismal performance, which limited the learning for England, the team demonstrated strong seam bowling and promising individual performances, including Jordan Cox's 73 in his second Test. The score reflects a comprehensive win.
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BBCJapan's justice ministry has canceled its collaboration with Netflix's controversial dating show 'Badly in Love,' which features ex-juvenile delinquents, following public backlash. The show, spotlighting Japan's 'yankii' (delinquent) subculture, faced criticism for allegedly glorifying crimes, particularly after an episode where a cast member confessed to setting someone on fire as a teen. While the ministry initially justified the partnership as promoting rehabilitation and personal growth, it acknowledged public discomfort, especially among crime victims. The show will continue to air without government support, emphasizing its aim to showcase 'unapologetically themselves' individuals.
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CBS NewsSoutheast Asian nations face increasing pressure from both China and the U.S. to align with their respective artificial intelligence blocs, potentially challenging the region's long-standing non-alignment stance. China is reportedly offering exclusive privileges to attract Global South partners to its World Artificial Intelligence Cooperation Organisation (Waico), portraying it as inclusive compared to the American-led Pax Silica initiative. Both powers have intensely lobbied ASEAN countries, with Beijing emphasizing Waico's benefits for developing economies. This geopolitical contest over AI frameworks forces Southeast Asian leaders to navigate a complex landscape of technological and strategic allegiances.
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South China Morning PostComedy legend Mel Brooks, celebrating his 100th birthday, has curated a series of 20 favorite films for the American Cinematheque, a first for the iconic director. The 'Programmed by Mel Brooks: 100 Years at the Movies' lineup, spanning nearly nine decades, includes classics like Charlie Chaplin's 'City Lights' and surprising choices such as Kevin Costner's 'Dances With Wolves.' Brooks, who began watching movies in the silent era, offered no specific explanations for his selections, allowing the breadth of his tastes to reflect his deep love for the art of film. The series offers a unique glimpse into the cinematic influences of a filmmaking giant.
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LA TimesThe U.S. and Canada are continuing trade negotiations with only hours left to finalize a deal before President Donald Trump's new tariffs on Canadian goods, including hockey sticks and wine, take effect. Trump had postponed the 50% retaliatory tariffs for three days to allow for a final agreement. While both sides express being 'very close,' specific sticking points remain undisclosed, though existing tariffs on Canadian steel, aluminum, and lumber are a central concern. The Trump administration claims Canada has committed to lowering its trade barriers, particularly on the U.S. dairy industry. The outcome will significantly impact Canadian workers and industries.
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CNBCMicron, Sandisk, Seagate, and Western Digital have emerged as top performers in the AI revolution, with their stocks soaring due to booming demand for memory and storage in AI data centers. These companies, while often trading together, specialize in different technologies: DRAM (Micron), NAND flash memory (Sandisk, Micron), and hard disk drives (Seagate, Western Digital). Micron is particularly well-positioned due to its focus on DRAM and high-bandwidth memory (HBM), which is critical for training and running sophisticated AI models. The increasing importance of memory to the computing engine itself is fundamentally changing the business, leading to deeper customer relationships. (not investment advice)
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CNBCThe Federal Trade Commission (FTC) is cautioning companies that use customers' personal data to implement 'personalized pricing,' charging different rates based on perceived willingness to pay. In a proposed policy statement, the FTC asserts that consumers expect uniform pricing and that undisclosed personalized pricing misleads customers, potentially violating federal law as a deceptive practice. While the FTC cannot outright ban the practice, it can discipline businesses that fail to disclose how personal data influences pricing. Examples include charging more for milk to families with children or higher hotel rates based on trip purpose, penalizing less-informed consumers.
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CBS NewsIn an urban Washington D.C. neighborhood, highly educated liberal families are displaying traditional traits often associated with social conservatives, challenging conventional culture-war narratives. These deep-blue families predominantly feature married parents who remain together, with children attending local public schools and engaging in community activities. While embracing egalitarian values like two working parents and equal educational attainment between spouses, many also exhibit 'income hypergamy,' where fathers often outearn mothers, enabling women to pursue passion-driven careers. Additionally, a surprising number of these elite liberal families are actively religious, attending church weekly in mainline Protestant or Catholic denominations.
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The AtlanticThirteen current and former Penn State students, including varsity athletes and fraternity members, have been charged in connection with an alleged sophisticated cocaine trafficking operation. Prosecutors claim the ringleaders, Agostino Abbatiello and others, recruited fraternity brothers and aspiring members to process and package cocaine. The scheme reportedly utilized social media apps like Snapchat and Venmo, with usernames ultimately helping authorities trace the network. Police raids uncovered drugs and weapons, leading to numerous felony charges for key suspects. Penn State has expressed horror at the allegations and suspended the Delta Upsilon fraternity, while Sigma Chi, operating outside university oversight, has also suspended members and its chapter.
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BBCThe article addresses concerns about debt payments for individuals relying on unemployment benefits, particularly as the U.S. labor market shows signs of weakening. Generally, private debt collectors cannot directly garnish unemployment benefits, though protections vary by state law and require a court judgment. However, these protections do not apply to certain government debts or child support obligations. Once benefits are deposited into a bank account with other funds, they may become more vulnerable, requiring individuals to claim exemptions. The article advises contacting creditors for hardship programs or exploring debt relief options like credit counseling to manage unaffordable debts.
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CBS News