Last updated: September 2, 2026, 2:44 PM ET
Global Markets Overview
Global markets remain on edge as escalating U.S.-Iran hostilities, surging oil prices, and a deepening bond selloff dominate the trading landscape. U.S. stocks fell for a third straight session as military strikes around the Strait of Hormuz caused a spike in oil futures and bond yields. The S&P 500 turned positive after flipping between small gains and losses, as oil prices halted a sharp advance, easing inflation concerns while traders weigh the Federal Reserve's next move. Asian stocks were set to decline as surging oil prices pushed bond yields higher and stoked fears that resurgent inflation will force central banks to tighten monetary policy. The Nikkei fell 2.2%, dragged by chip-related stocks amid concerns over the Iran war and higher energy costs.
Canadian stocks suffered their worst rout in nearly a month as Middle East tensions added to inflation worries and sparked a selloff in high-flying technology shares. Wall Street's direction is increasingly being dictated by oil, with the impact of high crude prices felt across markets. The FTSE 100 dipped as European bonds fell again amid the oil rally, while Greek stocks crowned their comeback with promotion to Europe's top index, opening the door for some of the country's biggest companies to join the regional benchmark. Markets wavered as investors assessed war, debt and inflation, with U.S. and Iranian forces trading attacks again.
Fixed Income & Bond Markets
The global bond selloff intensified, with Treasury yields hitting new highs as world leaders squabbled at a fractured G-20. The 30-year yield shot back to levels seen just before Treasury Secretary Scott Bessent shocked markets last month by expanding a buyback program, wiping out his bond gains. Japan's borrowing costs hit a 30-year high following weeks of scrutiny of fiscal and monetary policies and rare Washington-Tokyo intervention in currency markets. The yield gap between U.S. and Chinese 10-year bonds moved back toward an all-time high, raising the risk of capital outflow from the Asian nation.
European and UK bonds extended losses as natural gas prices climbed further, keeping investors worried about inflation. The 10-year Bund yield reached its highest since 2011, yields on 10-year gilts climbed to their highest level since 2007, and Japan's 10-year government bond yield hit its highest level since September. Global bonds are slumping, but the selloff is nothing compared with the 2022 rout when soaring inflation forced central banks into rapid-fire interest-rate hikes. China's government bond sales are expected to pick up after a lull as authorities seek to boost a sluggish economy, with increased issuance likely to prompt the central bank to inject more liquidity.
Bond traders are scrambling to shield their portfolios against further losses in Treasuries, as worries over the budget deficit and inflation push yields toward multiyear highs. Government borrowing costs have been surging around the world as investors demand more compensation to hold longer-maturity debt. The bond market is issuing world leaders a failing grade, with nothing from this week's G-20 suggesting an end to the deficits, inflation, and geopolitical disruptions roiling investors. Higher yields aren't yet a crisis, but they could be if politicians in Washington don't listen. The global bond selloff deepened, hitting Europe hardest as U.S. Treasury yields ticked up with the 10-year headed for a three-year high.
France's debt is a crisis-in-waiting, with spreads widening amid political risk. Senegal's bond selloff revealed investor angst on debt rework, as investors who had been holding out hope the country could avoid a default are selling its short-dated bonds as they expect losses ahead. Borrowing isn't the bond market's only concern—growth is too, as aging workforces and anemic growth mean debts look scary even with a lift from AI. A bond selloff threatens to make life more expensive for already cost-pressured Americans, with a jittery Treasury market and the prospect of Fed rate increases. Advisers say fixed income still has a place in a diversified portfolio despite the global bond market rout.
Oil & Energy Markets
Oil prices remain elevated as the U.S.-Iran conflict shows no signs of abating. Oil hovered around $95 a barrel as the U.S. and Iran exchanged fresh strikes, putting further pressure on bond yields. Oil climbed for a third session on heightened concerns about prolonged disruptions to energy flows through the vital Strait of Hormuz. European natural gas prices surged to their highest since January 2023 after the escalation of hostilities amplified worries about prolonged disruption to Middle East energy. European gas prices hit a three-year high as the resumption of U.S.-Iran hostilities raised fears of a return to full-blown conflict. European gas also reached its highest level since the end of 2022 on U.S.-Iran hostilities.
U.S. diesel advanced to the highest price since April during the initial phase of the U.S.-Iran war, highlighting inflationary pressures menacing the global economy. U.S. crude oil stockpiles saw a larger-than-expected drop, down by 4.5 million barrels last week against analyst forecasts of a 300,000-barrel decline. Oil prices rose in early Asian trade amid growing U.S.-Iran hostilities as the two countries continued to battle for control of the Strait of Hormuz. Circle K owner Alimentation Couche-Tard reported record fuel sales as oil prices soared amid the Middle East conflict, but consumers are also tightening their budgets. The Canadian convenience-store operator posted a quarterly profit of $828.5 million, up from $782.5 million a year earlier.
Chevron pledged $7 billion to double its Venezuela oil production, committing to expand its joint ventures as the White House pushes for a huge increase in production. Chevron is taking steps to more than double its production in Venezuela, planning to invest more than $7 billion over the next five years. The U.S. energy giant, which stayed in the country after other Western companies left, will invest $7 billion to more than double its production there. The Trump administration defended the Venezuela deal as a way to expel Chinese and Russian adversaries from oilfields in "our hemisphere."
Italy's Eni plans a major increase in Venezuela oil production, aiming to eventually lift its output to more than 1 million barrels a day. Venezuela's new crop of oil barons are stepping up the dealmaking, with the country's next generation of tycoons looking very different from what came before. Putin launched the Russian Udokan copper cathode plant after a 2023 fire, officially starting operations at one of the world's largest copper deposits after the facility was rebuilt almost from scratch. Copper's rally stalled as worries about the global economy resurfaced, with copper falling for a second day as resurgent oil prices fanned concerns about the world economy. SK Innovation, Ampol, LONGi and more were covered in the latest Market Talks covering energy and utilities.
Currencies & Central Banks
The yen surged sharply against the U.S. currency, leaving traders on high alert for potential intervention in the foreign-exchange market. The yen strengthened after Bank of Japan Board Member Hajime Takata, one of the bank's most hawkish members, left the door open for an outsized interest-rate increase. Japan vowed to the yen as inflation fears rise, given the country's heavy reliance on imports of energy and food. The yen consolidated against other G-10 and Asian currencies as traders digested remarks from Japanese Finance Minister Katayama and BOJ Gov. Ueda. The Treasury's yen intervention was smaller than imagined, revealed to be just $500 million.
The euro dipped to a two-week low against the dollar, with options traders rushing to protect against further losses as higher energy prices and rising U.S. bond yields add to the pressure. Gold fell to a two-week low on rising yields and a stronger dollar, weighed by escalating Middle East tensions. Gold held a decline as attacks in the Middle East and a global bond selloff ratcheted up bets the Federal Reserve may need to raise interest rates to rein in inflation. The rupee rally got a boost from bullish charts and the RBI's reserve ammo, though a continued increase in oil prices may dent optimism around the currency.
Fed Chair Warsh signaled an inflation focus at Jackson Hole, with bond yields continuing to rise after his speech. JPMorgan's Grace Peters warned that yields at 5% could put stocks at risk as rising bond yields pose a key threat to global equities navigating the historically weak month of September. Turkey's $75 billion hot-money boom created a policymaker dilemma, with policymakers weighing how to curb speculative short-term flows without choking off an important source of support for the currency.
Commodities & Agriculture
Corn futures fell the most in almost three weeks as a wave of profit-taking pulled down U.S. grains markets after a weekslong rally fueled by geopolitical and weather risks. Attacks in the Black Sea threaten to strangle global grain supply, with strikes on ports and vessels by both Russia and Ukraine leaving farmers facing ruin and potentially causing another worldwide food shock. Russia paused its grain export duty as Black Sea exports stalled, suspending the floating export duty on wheat, barley, and corn through the end of 2026 as Ukrainian attacks disrupted shipments through the Black and Azov seas.
Brazil's global beef dominance is colliding with tougher EU rules, threatening exports as suppliers struggle to certify cattle under new restrictions on growth-promoting drugs. New EU traceability requirements threaten Brazilian beef exports to Europe and put at risk a market with higher prices. Asia's top cocoa processor warned that El Niño will spur a global deficit, with the cocoa market poised to face a supply shortfall for the first time in three years.
Equities & Corporate News
BP appointed Ian Tyler as permanent chair following the removal of Albert Manifold, handing the role to the interim chair. Tyler joined the board as a nonexecutive director in April 2025 and was appointed interim chairman in May after BP removed Manifold, citing "serious concerns" about governance and conduct. What Ian Tyler can do is shore up the rest of the board, seeking directors with traits and competences he lacks. BP named the interim chairman to the permanent role.
Uber will axe 10% of its workforce in the biggest cuts since the pandemic, eliminating 3,300 jobs as competition rises in food delivery and the robotaxi race intensifies. Uber is shutting down its operations in Nigeria effective September 2, following a review of its operations in the West African nation. Ryanair cut its traffic target to reduce exposure to unhedged winter oil, expecting winter traffic to be flat on year. Ryanair warned of higher fares as it cuts winter flights, seeing short-haul airfares increasing "materially" next year if oil prices remain high.
Apple will give new CEO John Ternus a $3 million salary plus a targeted annual stock award of $55 million for fiscal 2027. Tim Cook was handed a $47 million pay deal as Apple's executive chair, signaling a big role for the former CEO. Broadcom needs Nvidia-like earnings to stop a $520 billion skid, after a disappointing outlook sent shares on a tailspin since hitting a high in early June. Broadcom's AI success story is getting complicated as the bond rout continues.
Dell Technologies boosted its fiscal year outlook by $25 billion as server revenue surged, now expecting $192 billion in revenue in the current fiscal year. Palo Alto projects double-digit growth as AI drives cybersecurity spending, expecting revenue to rise between 23% and 24% to a range of $14.1 billion to $14.2 billion in fiscal 2027. AI startup Wonderful hit a $5 billion valuation and plans a 1,000-strong team, founded just last year with 650 employees already. AIG's Peter Zaffino is stepping down as chairman and joining Palantir as global head of financial services.
Brown-Forman's quarterly sales slipped on a tequila slowdown, with the whiskey giant's earnings per share outpacing analyst expectations despite a sluggish spirits market. Aurora Cannabis urged shareholders to reject an unsolicited $272 million hostile takeover bid from Curaleaf Holdings. Southwest Airlines jumped into the airport lounge competition with four initial lounges being built as the airline hopes to lure fliers to a new high-end credit card it plans to launch next year. Volvo Car sales slipped on China and U.S. weakness, with global sales falling 7.4% on year in the quarter.
Woolworths Holdings profit fell as the new CEO pivots the group toward food, reorienting the business around its upmarket South African food operations. Lottomatica agreed to merge with Spain's Cirsa in an all-share deal that will create the second-largest listed gaming and sports betting operator in the world. Frontier CEO Jimmy Dempsey is trying to boost the airline by improving operations and embracing premium perks, filling a Spirit-sized hole in the market.
Deals, M&A & IPOs
Apax lined up about €1 billion ($1.2 billion) of debt financing to back its purchase of two businesses from packaging firm Gerresheimer AG. Wren House Infrastructure is nearing a deal to buy GIC Pte's stake in a European data center joint venture. TPG's Asia OneHealthcare confidentially filed for a $2.5 billion IPO in Kuala Lumpur to potentialy raise as much as 10 billion ringgit. TPG filed a confidential IPO application for Malaysia hospital assets valued at around $8 billion, pursuing a dual-track strategy with a sale process as early as next month.
Advent International is looking for more Australia and New Zealand healthcare opportunities following its acquisition of a clinical-research network. ENRC settled with UK prosecutors and former lawyers over an abandoned probe, drawing a line under a years-long battle between the miner and the SFO. Mbappé-backed health start-up Alan expanded to west Africa with a deal to buy Senegalese insurer Tanel, months after fundraising valued the company at €5.5bn. Advisory firm Interpath is looking for its own U.S. deal, with new owners wanting a foothold in the top market for restructurings and other consulting work.
Shein is searching for growth after a cut-price IPO, prioritizing its third-party marketplace in its growth push. Unitree Robotics shares tumbled 50% from their intraday peak, marking one of the steepest declines for a newcomer on Shanghai's Star Board. India's Zerodha got a merchant banking permit as the IPO market booms, with a unit of the country's second-largest broker securing the license.
Banking & Financial Services
BNP Paribas accounted for nearly half of the record $4.2 billion in stock trades linked to MSCI Inc.'s index rebalancing through India's new closing-auction system. India raised a record of about $127 billion in foreign-currency inflows from its 35-million-strong diaspora since June through a special dollar-swap window. India's diaspora deposit flows surpassed $100 billion under the Reserve Bank of India's special overseas deposit facility. India's shadow lenders are set to raise at least 100 billion rupees ($1.1 billion) through local-currency bond issuance as early as next week.
JPMorgan's former macro credit trading co-head Pierre Morel joined London hedge fund Redhedge Asset Management as lead portfolio manager. The ECB said that banks' increasing use of synthetic risk transfers has a bigger impact on dividends than lending to companies. Vanguard and BlackRock ETF shuffles let foreign investors duck U.S. tax by flipping between near-identical equity funds to avoid receiving dividends and the 30% tax that comes with them. The SEC is preparing a plan to widen investor access to private markets and allow investment advisers to charge performance fees to a wider set of clients.
House Republicans unveiled a proposal to overhaul the structure of the Consumer Financial Protection Bureau, which has been entangled in legal fights. A vital tenet of U.S. equity markets is under threat as SEC reforms risk the ability of investors to compare companies. Bitcoin ETF buyers are returning as the $80,000 level tests the market rally, offering a crucial test of whether the latest rally can turn into something bigger.
Geopolitics & Trade
The U.S. launched new attacks on Iran as borrowing costs rise around the world. U.S. strikes hit Iran over Strait of Hormuz mines, with Central Command saying the attacks were aimed at Iran's Islamic Revolutionary Guards Corps. The U.S. and Iran surveyed the damage after a night of intense strikes, with the American military saying its barrage was retaliation against recent attacks on U.S. forces and marine traffic, while Iranian officials said a wedding was hit and civilians killed. Russia secretly helping Iran develop supersonic missiles was revealed by an FT investigation, uncovering one of the most significant known transfers of military technology from Moscow to Tehran. Russia is also helping Iran develop supersonic cruise missiles, according to leaks revealing the programme. The U.S. launched further strikes on Iran as conflict flares up, pushing oil prices higher and sending Treasury yields to day's highs.
Putin pledged increased strikes in Ukraine and support for Iran, promising continued retaliation against the Ukrainians and "full solidarity" with Iran. Ukraine told airlines to stop using Russian airspace, with Volodymyr Zelenskyy warning "safe days in Russia's skies are over" as he threatens more drone strikes. Trump returned to a familiar playbook as the war with Iran flares up again, calling on Iranians to "rise up and fight" as the United States seems increasingly bogged down after six months of conflict. Netanyahu's Israel is looking for a fight in every direction, with the Israeli leader facing a tough re-election contest and potentially needing a security crisis to rally voters.
At the G20 summit, some U.S. allies pushed back on Trump's economic approach, with Europeans complaining about tariffs and the war with Iran. Scott Bessent accused China of flooding the world with cheap exports at the G20 meeting. In Egypt, Xi Jinping challenged America's influence in the Middle East, seeking to deepen ties with a longtime U.S. security partner and project a larger role for Beijing. The status of Iran's nuclear program is unclear, the U.N. watchdog said, with an internal report from the International Atomic Energy Agency saying Iran's refusal to grant access to inspectors was an urgent concern.
Trump's speed on the White House ballroom threatens to outpace the courts, with critics saying the president has tried to outrun judicial review in his breakneck construction. The Supreme Court gave a green light to the new White House ballroom, but several of the president's other Washington projects remain stalled. Chief Justice Roberts found himself in an unusual spot—in dissent—on the Trump ballroom case, having been in the majority in divided cases more times than any other chief since 1953. The House voted to avert a government shutdown before midterm elections, sending legislation to President Trump in an overwhelming vote. The U.S. launched new strikes on Iranian targets, with 21 banks jumping into stablecoins and the price tag for a photo with Trump also covered.
Regulation & Legal
A federal judge ruled that Google must change its ad tech business to address antitrust issues, but did not disclose the measures in a long-awaited decision. Google avoided a breakup of its dominant ad tech business, with a federal judge ordering an end to practices that depress ad rates for web publishers but declining to order a divestiture of Google's ad exchange and other technology. California lawmakers failed to pass a watered-down wildfire bill, leaving the debate over who pays for damage from fires unresolved. Slovenia stripped former Premier Robert Golob of his immunity to let prosecutors probe allegations he meddled in a police overhaul at the start of his tenure in 2022.
OpenAI's Astra model can hack with minimal human help, leading OpenAI to restrict the model over cyberattack risks. Music artists sued AI song generator Suno over alleged copycats, with a group led by Jason Isbell claiming the company allows users to generate songs based on artists' names. AI spots cyber gaps faster than financial firms can fix them, with the UK regulator saying companies risk being overwhelmed by frontier models' findings. AI groups are racing to limit bioweapon risks, with executives and biosecurity experts concerned that future models could help users create novel viruses or bioweapons.
AI sounds the death knell for audit fee inflation, with companies' audit bills increasing less than 2% last year, broadly in line with inflation. New leaks drew Brazil's top court judge deeper into the Banco Master scandal after the release of text messages from the former owner of the failed lender. The Maldives has become a secret hub for Russian sanctions evasion, serving as a pipeline for hundreds of millions of dollars in Western goods heading to Moscow. The island paradise that is a secret hub for Russian sanctions evasion was detailed in the Morning Risk Report.
Economy & Policy
UK mortgage borrowers were urged to lock in deals before rates rise, with the home loan market braced for fixed-rate rises after a bond market sell-off. Burnham sought to reassure bond markets amid public spending fears, with Tory leader Kemi Badenoch accusing the Labour leader of being unable to refuse spending requests. German industry is pushing to increase the work week to 40 hours, with big employers including Mercedes-Benz calling for Germans to work longer on the same pay to stem the country's industrial decline. Germany lost its shine in the EU's quest for green investment, losing its green investment lead to Hungary and Spain.
Employer health costs are expected to spike in 2027, with a new U.S. survey anticipating an average increase of 11 percent unless benefits are cut, the highest rate in decades. The U.N. said the world will miss its 1.5 degree climate target, proposing a new goal of limiting the "overshoot" of rising temperatures. Nepal's economy has few ways to absorb the cost of flood damage, with the government estimating recent catastrophic floods caused $5 billion in damage—one-tenth of the entire economy. The "miracle house" that survived Nepal's floods has people coming to take photos, as the green-painted house kept the Pyakurel family safe while the area all around was destroyed.
Indonesia's lessons for the global energy transition highlight momentum and obstacles around the green energy shift, with the country's solar push offering insights. National data centre projects are consolidating America's AI lead, as countries may host facilities but dispersion of hardware does not equal decentralisation of power. China's real robot revolution is not about humanoids, as the country uses its superpower of scaling and building supply chains to challenge the global industry. EV batteries last longer than drivers feared, with a study suggesting most used vehicles can retain about 90% of original usable battery capacity after 150,000km.
Tech & AI
The "permission bottleneck" coming for stocks was analyzed, as the AI buildout has been lifting all boats. Minimax emerged as mainland China investors' new favorite stock, becoming the most popular Hong Kong-listed stock among mainland Chinese investors last month. Seraphim launched a new ETF to target pure-play space investors, focusing exclusively on a sector thrust into the limelight by the IPO of Elon Musk's SpaceX. Elon Musk wants to make power-turbine components, but it won't be easy, with stocks of blade-and-vane manufacturers falling in response though the threat remains remote.
Evan Spiegel is betting Snap's future on $2,195 smart glasses, doubling down on a hardware play that has made some investors wary as the company struggles with profitability. David Ellison is promising at least 30 movies a year, but Hollywood is skeptical of the Paramount CEO's pledge which would defy economic pressures. Bill Simmons's co-hosts are tired of his A.I. antics, with the founder of The Ringer taking flak for using artificial intelligence to conjure opinions from the deceased film critic Roger Ebert. A.I. is to be banned in N.Y.C. elementary and middle schools, with a new policy barring younger students from using A.I. but stopping short of a moratorium.
The best, worst and strangest ways AI is really being used at work were shared by consultants, lawyers, bankers and others. How Brunswick is using AI and marine cruise control to raise prices on boats was detailed, along with borrowing costs soaring to their highest levels in decades. Dyson spent six years inventing a $499 toothbrush with "no idea" of the market, featuring a camera and AI capabilities. OpenAI's Astra model can hack with minimal human help, leading to restrictions over cyberattack risks.
Healthcare & Consumer
Alan, the Mbappé-backed health start-up, expanded to west Africa with a deal to buy Senegalese insurer Tanel. The fight against a flesh-eating fly in Mexico continues, with the U.S.-Mexico border partly reopened to cattle imports following a screwworm infestation. College M&A tool helps schools connect in a grim higher ed era, as institutions face a shrinking pipeline of students. Leanne Morgan, the 60-year-old breakout comedy star, is a red-state phenomenon with blue-state celebrity, big tours, a Netflix series and Judd Apatow's adoration.
Your nonalcoholic beer may actually have some alcohol in it, as sales of alcohol alternatives surge and consumers and industry officials seek more transparency. What should you call a nonalcoholic beer with a tiny bit of alcohol in it was asked alongside the Dyson toothbrush story. I need an IV drip to recover from my IV drip, as wellness clinics shoot people up with vitamins. The Saturday Evening Post will stop printing after 205 years, with the magazine famous for publishing Jack London stories and Norman Rockwell art continuing online.
Transportation & Industrials
Ford is bidding for Nato defence deals as it bids to build the UK's new military vehicle, seeking to revive its global defence business for the first time in nearly four decades. Maersk turned to wind sails to cut fuel for container ships, as the maritime industry returns to age-old technology to cut future fuel consumption. The trucking crackdown accelerated in the U.S., with retailers reporting higher sales heading into fall and Shein going public. Volkswagen is fighting Chinese competition—and its own board—in a battle to survive, with CEO Oliver Blume's plan to make the company smaller and less German sparking union and political outcry.
Norweian hydro stocks hit a record low, raising power price risks as reservoirs that supply southern Norway with electricity fell to a record low for this time of year. Aluminum tariffs harm U.S. manufacturers, with current tariffs punishing recyclers and companies that make aluminum-based products while failing to revive domestic smelting. Trump wants Big Oil to build more refineries, but that's a tough sell as owning an oil refinery is profitable but building a new one is not. The U.S. trucking crackdown impacts retailers and the Shein IPO.
Markets & Investing
Investor David Booth reflected on life, stocks and not trying to beat the market in a new book, with the founder of Dimensional Fund Advisors sharing lessons from his career. Japan Activation Capital is pushing companies to take risks from within, with the firm founded by former Carlyle Group partner Hiroyuki Otsuka investing in seven Tokyo-listed companies. The "permission bottleneck" threatening stocks was analyzed as the AI buildout has been lifting all boats. FiveThirtyEight's podcast hosts reunited for a new show, with Nate Silver, Clare Malone and Galen Druke hosting "Still Counting," a nonpartisan politics show on a decidedly partisan podcast network.
The conservative radio hosts dominating the airwaves are Clay Travis and Buck Sexton, who have found their own kind of success in Rush Limbaugh's old time slot. Voya's CEO Laura Cox guides her team with soccer metaphors and Sunday calls. PE's new headmasters were introduced as top European private capital firms have fresh leadership. The word is bond explained what is happening in the bond market. Global bond rates are rising—what should you do now was addressed, with bond funds that haven't lost much money potentialy doing much better in the next several years.
Regional Markets
Vietnam's Vingroup plans a debut won bond after shares hit a record, with the Vietnamese conglomerate in discussions with brokerages about selling its first bond denominated in the Korean won. Woolworths profit fell as the new CEO pivots the group toward food, putting its best-performing division at the center of the group. Ambani's streaming site Jio Hotstar is expanding ovreseas for the first time, launching in the UK, Canada and Singapore to tap millions of potential viewers in the growing Indian diaspora. Bathla Group, the insolvent Australian property developer, faces a 24-hour deadline for a deal with creditors to secure short-term funding.
The euro dipped to a two-week low against the dollar, with options traders rushing to protect against further losses. The ECB said that European banks' increasing use of synthetic risk transfers has a bigger impact on dividends than lending. Bvlgari's Laura Burdese said "We don't have this anxiety to keep on launching things," with the brand's new CEO on experimenting with established designs and the rise of women's watches. Meloni's shift was revealed in an interview, with Italy's hard-right leader showing how pragmatism is reshaping her vision for Europe.
Other Notable Stories
The U.S.S. Abraham Lincoln docked in Thailand, giving the weary crew a break after a nine-month deployment that came into the spotlight because of the war in Iran. Missouri voters appeared to recall a city councilman over data center support, with initial results showing residents of Independence voted overwhelmingly to recall an official who backed billions in tax breaks. The Kennedy Center will remove an outdoor "Blue" sculpture, with the towering artwork targeted for elimination after President Trump's takeover of the center. Two men died in Los Angeles police custody, setting off investigations, with Mayor Karen Bass questioning police training to handle mental health crises.
A Haitian student, despondent over an ankle monitor, died in an apparent suicide, with the 20-year-old fitted with a tracking device under a Trump administrative initiative targeting Haitians in Springfield, Ohio. A woman killed in the Times Square stabbing was identified as a Bank of America VP, with the NYPD making public the names of some of the people involved in a seemingly random knife attack. The Times Square police shooting was justified but put others at risk, experts said, with officers who stood around a woman wielding two kitchen knives and then opened fire without clearing the area risking harming themselves or passers-by. An attacker's father thought she had turned a corner, with Pamela Cisneros killed by police after stabbing two people, one fataly.
Ed Markey won the Massachusetts Democratic Senate primary, defeating a younger challenger, with the oldest senator in Massachusetts history using a progressive message to beat Representative Seth Moulton. Six takeaways from the Massachusetts primaries included Senator Ed Markey, trouncing a younger challenger and two other longtime Democratic lawmakers hanging on. Dan Koh, a former Biden White House aide, won the Massachusetts Democratic House primary, topping a crowded field with the endorsement of former President Joseph R. Biden Jr. Longtime Democratic Congressman Stephen Lynch defeated a progressive rival in Massachusetts, with the 71-year-old centrist beating Patrick Roath. Carney told Trump officials to "stop throwing shade" over Canada-U.S. trade talks, amid a trade war as Canada's Liberals swept three special votes and new polling suggested strong support for Prime Minister Mark Carney and his retaliatory tariffs. Trump's "Big Beautiful Bill" impact on households was being sought by the Times to help report upcoming stories. The Met may have just canceled the wrong fashionista, with Anna Wintour unable to separate John Galliano the man from his work. Steve Hilton is testing Trumpism with his California governor bid, wanting to "Make California Golden Again."
The House censured Republican Chuck Edwards accused of sexualy harassing two aides, with a formal rebuke on the floor after a speech in which he apologized but said it did not constitute harassment. Hegseth targeted seven more officers as his frustrated Army Secretary quit, with the defense secretary's cuts hitting about 10 percent of the military's top officers and dividing the Pentagon. A Utah judge ruled Tyler Robinson can face trial for the Charlie Kirk shooting, allowing prosecutors to seek the death penalty against the man accused of assassinating the conservative activist. Duane Davis's conviction in the Tupac murder trial brought catharsis to many, but questions remain even after the trial. The U.S.S. Abraham Lincoln docked in Thailand, giving the weary crew a break after a nine-month deployment.