

Target reported robust second-quarter earnings, significantly boosting its full-year guidance after experiencing a strong sales rebound and receiving a substantial $752 million tariff refund. The retailer saw comparable sales jump 3.8%, surpassing Wall Street expectations, driven by broad-based strength across various categories, including food and beauty products. While CEO Michael Fiddelke acknowledged the positive progress as an important step towards a new chapter of growth, he also emphasized the ongoing need for diligent work to ensure sustained, durable top and bottom-line expansion. Furthermore, Target is actively working to re-attract its core customer base by lowering prices on over 10,000 items, with more reductions planned.
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CNBCThe Met Office has issued yellow thunderstorm warnings across northern England, Northern Ireland, and eastern Scotland, anticipating heavy showers that could trigger flash flooding and cause significant travel disruption. These downpours arrive after nearly two months of exceptionally dry weather and five heatwaves, which have left 71.3% of England in drought and parts of eastern Scotland facing severe water scarcity. While the rain offers some welcome relief, the Environment Agency cautions that "sustained and significant rainfall" is essential for long-term drought alleviation. The ground, being very hard and compacted, is prone to increased run-off, exacerbating the risk of flash floods.
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BBCThe U.S. is actively working to close a critical loophole in its export controls that currently allows Chinese AI firms to access advanced Nvidia chips, despite a direct ban on their sale to China. These companies reportedly bypass restrictions by obtaining compute power via data centers located in Southeast Asia, a practice deemed legal as current regulations only target physical hardware ownership. A proposed legislative measure, the Remote Access Security Act (RASA), aims to expand U.S. export controls to encompass remote cloud-based access to critical hardware and software. However, this initiative faces potential pushback from the industry due to compliance burdens, highlighting the complexities in the escalating AI supremacy race between Washington and Beijing.
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CNBCLowe's reported mixed second-quarter financial results and subsequently provided a more conservative full-year outlook, citing discernible "pressure" in consumer spending on home improvement projects. The retailer now anticipates total sales to be at the lower end of its previously projected guidance, expecting comparable sales to remain flat, down from an earlier forecast of up to 2%. Adjusted earnings per share for the year were also revised downwards. Despite recording a 0.2% rise in comparable sales, partially bolstered by strong performance in its pro and home services segments, the company is grappling with macroeconomic headwinds and a more cautious do-it-yourself customer base.
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CNBCArchaeologists in Lima, Peru, have unearthed the skeletal remains of an adult believed to have been sacrificed during a ritual approximately 1,400 years ago, near the base of the ancient adobe Huaca Pucllana pyramid. The discovery, preliminarily dated to around A.D. 650, is expected to significantly enhance researchers' understanding of the Lima culture's rituals, which flourished centuries before the Inca Empire. The body was found interred within a canal, resting on its left flank with the skull facing the pyramid and the Pacific Ocean. Notably, the ceremonial well was constructed with river stones, a distinct architectural feature compared to other known structures at Huaca Pucllana.
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CBS NewsCanadian powerlifting champion April Hutchinson spearheaded the seventh Sophie Cunningham rally, and the first held outside the U.S., in Toronto to advocate for fairness in women's sports. The event, which took place before an Indiana Fever game, featured a mobile billboard displaying messaging on the issue, an action that led to local police issuing tickets. Inside the arena, WNBA player Sophie Cunningham, who has become a polarizing figure for her stance on protecting women's sports from biological males, received boos but graciously commended the passionate Toronto crowd. The rally highlighted the ongoing, often contentious, public debate surrounding transgender inclusion in women's athletics.
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Fox NewsThe annual Ulchi Freedom Shield joint military drills between the U.S. and South Korea will conclude six days earlier than initially scheduled, a decision prompted by President Donald Trump's order to "substantially reduce" the exercises. Trump justified his directive by citing his "very good" relationship with North Korean Supreme Leader Kim Jong Un and deeming the drills "inappropriate and hostile" towards Pyongyang, which consistently protests such military cooperation. This adjustment represents a notable shift in U.S. foreign policy on the Korean Peninsula, potentially impacting long-standing alliances and strategic dynamics in the region, traditionally aimed at preventing cross-border hostilities and balancing against Beijing.
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Germany international Jamal Musiala, a prominent player for Bayern Munich, has experienced a second on-pitch collapse within four days, leading to a diagnosis of "absence seizures" caused by a neurological dysfunction. These brief, temporary episodes, formerly known as "petit mal" seizures, are a form of epilepsy, though it's unclear which type Musiala is experiencing. Despite the alarming nature of the incidents, Musiala is receiving excellent medical treatment and maintains an optimistic outlook on continuing his football career, with strong support from his club and family. This setback adds to recent fitness struggles for the 23-year-old, who has faced a broken leg and an ankle injury in recent years.
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Deutsche WelleRepublican Senator Dan Sullivan and former Democratic Representative Mary Peltola have both advanced to the general election in Alaska's Senate race, setting the stage for a highly competitive contest that could influence control of the chamber. Sullivan, a second-term senator, faces a formidable challenge from Peltola, who made history in 2022 as the first Alaska Native to serve in Congress. Both national parties are investing significant funds, with the Senate Leadership Fund allocating $17 million for Sullivan and the Senate Majority PAC reserving over $12 million for Peltola. Peltola's campaign notably rejected support from former Vice President Kamala Harris, emphasizing her independent appeal to Alaskan voters.
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CBS NewsApparent human remains, including a jaw with teeth, have been recovered from Lake Mead, the largest reservoir in the U.S., as severe and ongoing drought conditions have caused water levels to plummet to historic lows. The discovery, made by a woman and her friend at Boulder Beach, is currently under investigation by the National Park Service and the Las Vegas Metropolitan Police Department. This incident underscores the broader impact of worsening droughts, driven by climate change, on water bodies globally, leading to unexpected and often somber discoveries of submerged items and even historical artifacts in various countries.
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BBCThe Indian government's decision to block the film "Satluj," a biopic about activist Jaswant Singh Khalra who exposed extra-judicial killings by Punjab police in the 1990s, has unexpectedly sparked widespread defiance. Despite the film being denied a theatrical release certificate and pulled from a streaming platform, Sikh leaders across Punjab organized public screenings and shared bootleg copies, challenging the Hindu nationalist government's censorship. The article highlights a sensitive historical period of violence and human rights violations, with authorities reportedly concerned that the film's portrayal of police excesses could reignite Sikh separatist sentiments, while critics argue it focuses on accountability and the importance of preserving memory.
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NPRWith Chinese President Xi Jinping's anticipated visit to the United States just weeks away, fundamental details for a hoped-for dialogue on artificial intelligence remain unresolved, including the lead U.S. government agency, specific participants, and the scope of the agenda. Washington has yet to finalize which part of its government will spearhead these crucial discussions, and there's no agreement on whether technical experts or private-sector representatives from leading AI companies like OpenAI and Nvidia will formally participate. The complex nature of AI policy, which intersects with various White House, intelligence, and departmental interests, poses significant challenges in organizing a substantive and impactful dialogue between the two global powers.
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South China Morning PostAlaska marathon winner Klaire Rhodes, 28, successfully fended off a brown bear attack using bear spray while running alone on the Wolverine Bowl trail in Chugach State Park, describing the terrifying ordeal as "a nightmare come to life." Rhodes sustained a deep puncture wound to her left hip, along with claw and teeth marks, but was able to self-rescue and receive hospital treatment. Wildlife officials subsequently posted warning signs at the trailhead, reminding visitors to carry deterrents like bear spray. Despite the traumatic experience, Rhodes expressed immense gratitude for surviving with relatively minor injuries, acknowledging the inherent risks of living and running in bear country.
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The GuardianSenator Bernie Sanders contends that progressive candidates are consistently winning elections across the United States by directly addressing the fundamental issues confronting working families, despite being significantly outspent. He asserts that establishment Democrats often fail to provide substantive solutions, whereas progressives champion reforms in areas such as campaign finance, universal healthcare, fair wages, wealth inequality, AI regulation, and aggressive climate action. Sanders argues that the progressive agenda, frequently dismissed as "radical" or "extremist," in fact reflects the widely held needs and desires of a strong majority of the American populace who are tired of status quo politics and economic systems perceived as rigged against them.
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The GuardianAmazon is set to significantly expand its Prime Air drone delivery service, aiming to reach nearly 500 U.S. cities and towns by the end of the year, representing a sixfold increase from its current operational footprint. The company projects 1 million drone deliveries this year, having already completed hundreds of thousands. Despite facing regulatory delays, staff cuts, and community concerns regarding drone noise and privacy, Amazon is actively integrating drone operations into its larger robotic sort centers and trialing new delivery mechanisms, such as a retractable tether for fragile items. This ambitious expansion underscores Amazon's commitment to transforming drone delivery into a core component of its ultrafast delivery strategy, seeking to further reduce delivery times for customers.
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CNBCWisconsin's gubernatorial election has unexpectedly evolved into a contentious "data center hate-off," with Republican Congressman Tom Tiffany and Democratic rival David Crowley engaging in sharp rhetoric over hyperscale development. Tiffany has branded Crowley as "Data Center David," accusing him of being a shill for Big Tech, while Crowley counters by highlighting Tiffany's past votes that benefited tech companies. Despite the aggressive campaigning, both candidates largely align on policies such as granting local communities veto power over new computing campuses and imposing strict regulations. However, neither has endorsed a statewide moratorium, a stance influenced by the significant economic benefits data center projects offer to some labor unions and municipalities, complicating the political landscape.
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VoxThe publishing industry is actively seeking innovative strategies to combat "the decline by 9," a concerning trend where children's engagement with reading for pleasure significantly diminishes after their ninth birthday. Sales of middle-grade books have been in decline for over a decade, a situation exacerbated by the COVID-19 pandemic, with contributing theories including increased screen time, falling reading scores, and books becoming excessively long. In response, publishers are now strategically focusing on developing shorter, funnier books heavily integrated with graphics, exemplified by the wildly popular Dog Man series. This shift aims to meet children at their current literacy levels and re-engage them with the joy of reading, with some early signs of reading test scores beginning to rebound.
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VoxMahender Makhijani, an Orange County real estate investor accused of nearly $100 million in criminal fraud, has been denied bail by a federal judge who cited concerns about flight risk and allegations of death threats against a witness. Makhijani, a dual citizen of India with property overseas, is accused of orchestrating the use of funds belonging to others for his bail bond and lying about drug use. In addition to the criminal charges, which involve providing bogus collateral for a bank loan, he was ordered to pay $1.34 billion in a separate civil fraud case, reflecting a pattern of sophisticated fraud, intimidation, and attempts to insulate himself from litigation.
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LA TimesHospital employees nationwide are resorting to strikes, driven by what they describe as a "national epidemic" of workplace violence, with healthcare workers experiencing injuries from violent acts seven times more frequently than the general working population. Nurses and mental health workers recount alarming incidents of being shoved, pushed, bitten, and punched, often attributing the rise in violence to severe understaffing and insufficient training. While hospital administrations cite measures like metal detectors and de-escalation training, unions are demanding "safe staffing" levels and improved compensation, arguing that existing laws punishing assailants have proven ineffective in reducing the incidence of violence, leading to ongoing disputes over safety and resources.
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NPRShares of Spain's Deoleo, recognized as the world's largest olive oil bottler and marketer, surged over 15% on Wednesday morning amidst reports of an intensifying takeover battle. Spanish agri-food cooperative group Dcoop has reportedly offered 470 million euros ($545 million) for Deoleo, positioning itself as the leading contender against several Italian, French, and Australian firms. If the acquisition is successfully completed, it would significantly bolster Spain's leadership in the strategic olive oil sector, establishing a new industry giant that would encompass a wide range of brands and secure approximately a 15% share of national consumption. (not investment advice)
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CNBCThe U.S. Department of Justice has formally charged 17 Iranians, identified as members of the Mabna Institute, for allegedly conducting a sophisticated, years-long "co-ordinated campaign" of cyber attacks aimed at stealing data from American organizations. Since approximately 2013, the group is accused of compromising the computer systems of 144 U.S. universities and 42 private sector firms, illicitly acquiring over 31 terabytes of academic data and intellectual property valued at an estimated $3.4 billion. Many of these attacks were reportedly executed on behalf of Iran's Islamic Revolutionary Guard Corps, prompting FBI Assistant Director James C. Barnacle Jr. to describe the operation as a "serious threat to our national security" and a broader, organized effort against U.S. institutions.
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BBCCompetition for degree apprenticeships in England has quadrupled over the past three years, with the number of applicants nearly tripling to 21,800 while available positions fell by almost half to 3,700. The surging popularity of these programs, which offer a paid university degree alongside a salary, is largely driven by increasing scrutiny over the cost of traditional university education. Despite high demand, employers are reportedly cutting back on hiring due to elevated employment costs and broader economic uncertainty, making these coveted positions exceptionally difficult to secure. This trend has led many students to apply to traditional universities as a backup, highlighting a growing disparity between student aspirations and available opportunities.
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BBCDespite its recent resilience, the U.S. dollar is facing increasing risks from growing fiscal concerns, softer economic data, and uncertainty surrounding Federal Reserve policy, according to leading currency strategists. While higher U.S. bond yields have historically supported the dollar by attracting capital inflows, analysts are now questioning if these increases reflect fiscal risk and heavier government borrowing rather than genuine economic growth. Recent weaker inflation and employment data have prompted investors to revise expectations for interest rates, potentially leading to a reduction in bullish dollar positions and pushing the dollar index lower. Additionally, mixed signals from Federal Reserve Chair Kevin Warsh regarding the central bank's inflation target and toolkit add further ambiguity, though a stock market correction might not necessarily hurt the dollar if investors rotate into safe-haven Treasuries. (not investment advice)
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CNBCThe Trump administration appears to be intensifying its economic warfare strategy in the ongoing conflict with Iran, leveraging a naval blockade of the Strait of Hormuz and preparing to announce new sanctions, as diplomatic talks have completely stalled. President Trump indicated he is "not in a hurry" for a resolution, suggesting a prolonged economic squeeze. Experts believe the blockade's impact on Iran's struggling economy, which faces nearly 65% inflation, could take months to manifest, and it remains uncertain whether such severe pressure will alter Tehran's position at a future negotiating table. The administration is also reportedly divided on whether to target larger Chinese banks that facilitate oil imports from Iran, complicating the strategy. (not investment advice)
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Ukraine's former defense chief Mykhailo Fedorov has publicly called for wartime elections, representing the most direct political challenge to President Volodymyr Zelenskyy's leadership since Russia's full-scale invasion began over four years ago. Fedorov, who was unexpectedly dismissed last month, argued in a video statement that "democracy cannot be held hostage by Russia" and advocated for establishing a legal, safe, and realistic mechanism to restore Ukraine's full democratic process amidst the prolonged conflict, despite current martial law prohibiting elections. His comments also highlighted concerns about a "systemic crisis of governance" and corruption, coming just hours before Zelenskyy moved to confirm Yevhen Khmara as the new defense minister, effectively closing the door on Fedorov's return to his previous post.
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CNBCThe Ebola outbreak in Congo has reached a grim milestone of over 5,000 cases and 2,378 deaths, spreading at an unprecedented speed that is significantly outpacing international and local response efforts, particularly in the remote Ituri province. This specific Bundibugyo virus outbreak is infecting and killing people faster than any previous outbreak in history, fueled by persistent insecurity, massive population displacement, and intense movements. Key challenges include the lack of approved vaccines or treatments for this particular strain, recurring attacks on health workers, and a critical absence of essential information within affected communities, all contributing to limited access to care and consequently higher mortality rates.
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NPRUK Prime Minister Andy Burnham has announced an ambitious plan to offer accommodation to every rough sleeper this winter, with the goal of "getting everyone in for Christmas" through a substantial £442 million package. This initiative aims to build upon the success of the Covid pandemic-era "Everyone In" scheme, which housed thousands. The new funding will provide immediate emergency accommodation, alongside intensive wraparound support services such as psychiatric and drug/alcohol assistance to help individuals rebuild their lives. Additionally, the plan includes delivering over 1,000 new permanent homes within the next three years, with a specific focus on ensuring adequate and accessible provision for often underrepresented female rough sleepers.
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BBCFormer Wimbledon finalist Nick Kyrgios has been provisionally suspended from professional tennis after failing a doping test, with a sample from an ATP tournament in Mallorca in June testing positive for benzoylecgonine, a metabolite of cocaine. The 31-year-old Australian, who has faced multiple injuries and struggles with form since his 2022 Wimbledon final appearance, issued an apology to his fans, taking full responsibility for what he called "a huge mistake." Kyrgios cited the immense physical and mental toll of his injuries as a contributing factor. Cocaine is classified as a banned stimulant and substance of abuse by the World Anti-Doping Agency, and Kyrgios has stated he will step away from public life for 28 days to focus on his recovery.
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Deutsche WelleGermany's Justice Minister Stefanie Hubig is proposing changes to tenancy laws to make it significantly easier for renters to install air conditioning units or external sun shades, directly addressing the impact of successive heatwaves across Europe. Currently, tenants are required to obtain permission from their landlords for such installations, a factor contributing to the rarity of AC in German homes. Hubig also advocates for enshrining climate adaptation measures within the German constitution, or Basic Law, as a joint obligation for both federal and state administrations. This move aims to facilitate sustained government support for heat-protection initiatives, reflecting a growing public debate on climate resilience and adapting to rising temperatures.
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Deutsche WelleThe Competition and Markets Authority (CMA), the UK's consumer watchdog, has launched investigations into Trainline, Virgin Atlantic, and RED Driving School over concerns they are engaging in "drip pricing." This illegal practice involves not including mandatory fees in the initial headline price shown to customers. The CMA observed additional charges for train and coach bookings, mandatory resort fees for package holidays, and booking fees for driving lessons, all of which can significantly inflate the final cost. This probe follows previous warnings to Trainline and aims to enforce pricing transparency for consumers, with the CMA prepared to impose fines or order compensation if these firms are found to have violated consumer protection laws.
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BBCUK inflation climbed to 2.9% in July, reaching its highest level in four months, primarily propelled by a sharp increase in gas prices following the US-Israel war with Iran, which has significantly restricted global oil supplies. Energy regulator Ofgem consequently raised the cap on household energy bills by 13%, adding an estimated £221 annually to typical bills, with further rises forecast for October. While food inflation did show a slowdown, the ongoing Middle East conflict and a persistent European heatwave are exacerbating energy price pressures. Despite government measures like VAT cuts and bus fare caps, ordinary people are struggling, and the shadow chancellor attributes the country's unpreparedness for global shocks to "mismanagement." (not investment advice)
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BBCThe ownership of the Caspian Sea is a complex geopolitical issue, governed by a unique legal regime established among its five bordering countries: Iran, Russia, Azerbaijan, Kazakhstan, and Turkmenistan. The landmark 2018 Convention on the Legal Status of the Caspian Sea defined territorial waters and exclusive fishing zones but deliberately avoided dividing the entire body of water into fixed national shares. Instead, seabed boundaries, crucial for offshore oil and gas rights, are subject to separate bilateral agreements. Security remains a central concern, with the convention prohibiting the presence of armed forces from non-bordering states, though recent incidents, like alleged vessel attacks, underscore ongoing regional tensions and the strategic importance of keeping external military powers out.
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Deutsche WelleEngaging in "side quests"—activities pursued purely for enjoyment, deviating from one's primary life path—can profoundly enhance well-being and unlock new personal possibilities. Experts suggest these pursuits, such as learning a new language without pressure or taking an improv class, serve as vital opportunities to practice play, adapt to life's challenges, and cultivate a sense of wonder. By reconnecting with childhood play, identifying individual play styles, and daring to try novel activities, individuals can strategically incorporate achievable, revealing, time-bound, and specific side quests into their daily routines. This approach is designed to inject whimsy, foster creativity, and ultimately contribute to personal growth and a more fulfilling "main quest" in life.
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NPRNatalie Harp, a 35-year-old cancer survivor, has emerged as one of Donald Trump's closest and most devoted aides, affectionately dubbed his "human printer" for her role in providing him with hard copies of information. Her prominence recently escalated after a Democratic senator's remark sparked widespread online speculation about their relationship, triggering a furious and disproportionate backlash from the White House. Harp's unwavering loyalty and significant influence extend to shaping Trump's public communications, including managing his Truth Social posts, some of which have been controversial. Her background includes publicly crediting Trump's "Right to Try Act" for her own health recovery, solidifying her deep personal and political allegiance to the former president.
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The GuardianSeventy-five years ago, baseball owner Bill Veeck orchestrated one of sports history's most outlandish publicity stunts by sending 3ft 7in Eddie Gaedel to pinch-hit for the St. Louis Browns, securing him a legendary walk on four pitches. Gaedel, sporting uniform number 1/8, was greeted with a standing ovation and famously declared, "Man, I felt like Babe Ruth." Despite outrage from baseball traditionalists who felt the stunt undermined the sport's seriousness, and the subsequent voiding of his contract, the event remains a quirky and memorable chapter. It was part of Veeck's unconventional efforts to boost attendance for the struggling Browns, reflecting an era of bold and often eccentric promotional tactics that injected life into the national pastime.
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The GuardianCorporal punishment, predominantly in the form of paddling, continues to be legally permissible in public schools across 15 U.S. states, primarily concentrated in the South, despite a broad consensus among psychologists regarding its potential harm to children. The most recent federal data from the 2021-22 school year indicates nearly 32,000 reported incidents, with boys and certain racial groups disproportionately affected. While some communities root the practice in faith-based beliefs and traditional norms, critics argue that corporal punishment fosters dishonesty, increases aggressive behavior, and erodes trust between students and educators. Experts emphasize that it often teaches violence as a conflict resolution method and can lead to chronic issues like anxiety and depression, fueling calls for its national abolishment.
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NPRElbridge Gerry, a less-prominent but significant Founding Father, unwittingly bequeathed his name to the political term "gerrymander," referring to the manipulation of voting-district boundaries for electoral advantage. As governor of Massachusetts in 1812, Gerry signed a controversial redistricting bill that created a sprawling, contorted state senate district designed to benefit his Democratic-Republican Party. A newspaper famously depicted this misshapen district as a winged monster, coining the portmanteau "Gerry-mander" (Gerry + salamander). Despite his substantial contributions to American independence, including refusing to sign the Constitution without a Bill of Rights, his legacy is predominantly linked to this enduring political term, illustrating the often unpredictable ways historical figures are remembered and their names become embedded in language.
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NPROver 400,000 children in the U.S. are currently languishing on waitlists for federal childcare assistance, a staggering figure that has more than tripled in just two years, leaving low-income working families grappling with increasingly unaffordable childcare costs. Advocates attribute this crisis primarily to insufficient congressional funding for the Child Care and Development Fund (CCDF) and the recent expiration of critical COVID-19 relief money. States are consequently forced to balance serving more families against adequately funding childcare providers, a dilemma exacerbated by recent Trump administration reversals of Biden-era rules that aimed to lower family co-payments and stabilize provider payments. This systemic issue significantly impacts a crucial period of child development and family economic stability.
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NPRIran is reportedly considering military attacks on U.S. targets in Europe, specifically mentioning assets in Bulgaria and Cyprus, should the ongoing conflict escalate, according to two regime insiders. This alarming development emerges as diplomatic negotiations between Washington and Tehran have completely stalled, with no signs of resumption. Concurrently, the United Arab Emirates has severed all "trade, commercial exchanges, and financial transactions" with Iran, following alleged ballistic missile launches from Iran towards UAE territorial waters. President Trump has further intensified rhetoric by threatening Oman and ordering a reduction in joint military drills with South Korea, signaling a widening and increasingly volatile geopolitical landscape in the Middle East and beyond.
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CNBCTreasury yields, including the benchmark 10-year, 2-year, and longer-dated 30-year notes, experienced a slight pullback on Wednesday from the multi-decade highs recorded on the previous day, offering some relief to investor jitters following a global bond sell-off. The U.S. fiscal deficit surged to $432.3 billion in July, pushing the year-to-date shortfall to nearly $1.8 trillion, with interest payments on the national debt costing approximately $1.2 trillion this year. Investors are now keenly awaiting the release of the latest Federal Open Market Committee (FOMC) minutes for greater detail on the sharp divisions within the central bank regarding interest rate policy, and for insights into the potential for prolonged inflation amid the ongoing Middle East conflict. (not investment advice)
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CNBCPakistan's government has announced its intention to challenge a Supreme Court order mandating the transfer of jailed former Prime Minister Imran Khan to a private hospital for medical examinations. Law Minister Azam Nazeer Tarar asserted that, by law, convicted prisoners must receive treatment either within the jail facility or at a public hospital, requesting that Khan's medical tests be conducted at a government institution instead. Khan's political party, Pakistan Tehreek-e-Insaf (PTI), and his family have consistently voiced grave concerns about his deteriorating health since his imprisonment in 2023 on what they claim are politically motivated charges. The Supreme Court's order also included provisions for Khan to meet his personal physician and have regular contact with his sons.
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