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⚡ Today in History On August 29, 2005, Hurricane Katrina came ashore near Buras, Louisiana. The floods that followed killed more than 1,800 people. In 1949, the Soviet Union tested its first atomic bomb in Kazakhstan. Today? Experts say Nepal's flood alarm network was built to track slow-rising rivers, and a wall of mud moving in minutes outran it. |
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Top News |
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Two new lakes form above Nepal's flood zone 2,381 MISSING A glacier and the rock ledge beneath it gave way Wednesday above the Nepal–China border, damming the river into two new lakes. Nepal Police counted 489 dead and 2,381 missing on Friday, and rescue crews paused work over fears the lakes could break and flood the valley again. |
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Fed chair opens the door to a rate hike 57% ODDS Inflation is still running above the Federal Reserve's 2% target, and new Chairman Kevin Warsh said so plainly Friday at the Fed's annual symposium in Jackson Hole, Wyoming. Traders answered by lifting the odds of a September rate increase to 57%, a move that would raise costs on mortgages, cars and credit cards. |
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Meta settles child-safety case for $17 billion State attorneys general sued Meta in 2023, arguing that Facebook and Instagram were built to keep children on the apps. Meta denied wrongdoing but agreed Wednesday to pay 47 states up to $17.1 billion over ten years and to cap daily use for under-18 accounts at two hours. |
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Pentagon runs short of air defense in Europe Six months of war with Iran has drained American stocks of the missiles used to shoot down incoming rockets. A U.S. defense official in Europe called the interceptor shortage “beyond critical” on Thursday, and a NATO official confirmed that Patriot supplies are low across allied units. |
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Laser downs three cartel drones in Texas Mexican cartels have been flying drones across the southern border, and the U.S. military answered this week with a laser weapon in Texas' Rio Grande Valley. North American Aerospace Defense Command said Thursday that three drones were shot down, without saying whether the strikes happened over American or Mexican ground. |
Nobody warned you about this
The downward slide has begun.
According to new research from Bloomberg, the U.S. dollar's share of global reserves has just fallen to the lowest level this century.
While everyone is distracted by hyped-up IPOs and the AI bubble, the world is walking away from the dollar – the foundation on which all of our lives are built is crumbling.
And I believe the consequences for the country – and your financial security – are extremely serious.
President Trump knows it. That's why he has taken emergency action by signing Executive Order 14241 to initiate the first full reset of the American dollar in half a century.
That means every dollar you have saved and invested… every good, every service, every asset… all of it could be about to be repriced against a new monetary anchor.
It’s not gold, or crypto – but something far more unexpected. An asset so fiercely contested and so critical that Vladimir Putin once claimed whoever controls it “will become the leader of the world”
Nobody can tell you exactly how this reset will play out.
But I do know that the last time America changed its money like this – half a century ago – it split the country in two. Between the folks who understood what was happening and responded accordingly – and those who got brutally left behind.
That line is being drawn again. And what you do with your money in the months ahead could decide which side you end up on.
I’d like to show you which investments could thrive – and which could be the most dangerous – inside Trump’s new monetary order.
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World |
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Congo's Ebola outbreak is the fastest on record 2,786 DEATHS Democratic Republic of Congo declared the outbreak in May in Ituri Province, and the Bundibugyo strain behind it has no approved vaccine or treatment. Government figures published Thursday counted 5,794 confirmed cases and 2,786 deaths across 60 health zones in six eastern provinces. |
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King Harald V of Norway dies at 89 Norway's royal palace said King Harald V died Friday morning at Oslo University Hospital at 6:35 a.m. local time. Harald had held the throne since 1991 and was among Europe's longest-serving monarchs. |
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Russia prepares to widen the war in Ukraine President Vladimir Putin has concluded that peace talks are at a dead end, according to three people close to the Kremlin. Moscow is weighing heavier ballistic missile strikes on central Kyiv and on power and transport targets elsewhere, and Russian drones killed one person outside Kyiv on Friday. |
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Iran names its price for reopening Hormuz Mediators asked Tehran this week to name its terms for reopening the Strait of Hormuz, the sea lane between Iran and Oman that carries much of the world's traded oil. Security council secretary Mohsen Rezaei said Thursday that Iran is drafting those conditions, while Trump said the United States is not negotiating and will press Iran economically instead. |
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Ratko Mladic dies in Hague custody Ratko Mladic commanded Bosnian Serb forces during the 1990s and was convicted of genocide, crimes against humanity and war crimes. Mladic died Thursday at 83 while hospitalized in The Hague, and the tribunal did not give a cause of death. |
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Politics |
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Judge freezes the mail-in voting plan again 2 MONTHS OUT The U.S. Postal Service moved this year to limit how mail ballots are collected and delivered. A federal judge in Massachusetts blocked that plan late Wednesday for at least two weeks, calling it likely unconstitutional with the 2026 midterms barely two months away. |
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Immigration arrests hit 49,000 in one month Federal data published Thursday shows immigration arrests climbed to 43,000 in June and 49,000 in July, the highest monthly totals on record. Most of those arrested in July had not been charged with or convicted of a crime, and were accused instead of civil violations. |
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Kennedy Center inscription held until October A Democratic lawmaker objected in court to carving the words “renovated and restored by President Donald J. Trump” into the John F. Kennedy Center for the Performing Arts in Washington. A federal judge asked the administration to hold off Thursday, and Justice Department lawyers said hours later that the inscription waits until October 8 at the earliest. |
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Lake Ontario renamed “Lake America” Trump signed an executive order Thursday renaming Lake Ontario, the smallest of the five Great Lakes and a body of water the United States shares with Canada. The order came the same day Canadian Internal Trade Minister Dominic LeBlanc said a shift on French-language rules had opened room to restart trade talks. |
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Grand jury faults a $10 million transfer in Florida A leaked Florida grand jury report says Governor Ron DeSantis's administration diverted $10 million from a Medicaid settlement in 2024 to Hope Florida, a charity tied to his wife. The report says the money then moved to political committees fighting a marijuana ballot measure, and that jurors found too little evidence to bring charges. |
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Markets |
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Stocks slip Friday but still win the week S&P 7,711.76 Wall Street opened higher Friday, then handed the gain back once traders read the Fed chairman's inflation warning as a signal that rates could rise. The S&P 500 fell 0.25% to 7,711.76, the Nasdaq Composite lost 0.52% to 26,402.42, and the Dow slipped 9.45 points to 53,559.99, though all three finished the week higher. |
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Short-term bond yields jump on hike bets Investors who spent the summer arguing about a rate cut spent Friday pricing in the opposite. The two-year Treasury yield, which tracks Fed policy most closely, rose to 4.29% and hit a one-month high, while 10-year and 30-year yields fell. |
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Nvidia gives back part of its earnings pop Nvidia rose 8.7% on Thursday after forecasting that demand for AI computing would keep climbing. The chipmaker fell 4.6% on Friday as semiconductor shares pulled back across the board, which left the Nasdaq the weakest of the three major indexes. |
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PayPal drops as its two suitors walk Private equity firm Advent International and payments company Stripe had been circling PayPal, and both abandoned the pursuit this week. PayPal shares fell about 12% on Friday, the steepest drop among large U.S. companies on the day. |
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Oil ends a two-week climb Brent crude, the global benchmark, settled near $88 a barrel on Friday and closed lower for the week, ending a two-week run of gains. Goldman Sachs estimates Persian Gulf exports have recovered to about two-thirds of their pre-war level as more cargoes move through Hormuz. |
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Entertainment |
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Dolly Parton dies at 80 3,000+ SONGS Dolly Parton died in Nashville on Tuesday after a brief and private illness, her nephew Bryan Seaver announced. Parton wrote more than 3,000 songs, sold over 100 million records and founded the Dollywood theme park, and Trump ordered flags flown at half-staff at federal sites for one week. |
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Tim Curry dies the same night, also at 80 Tim Curry created Dr. Frank-N-Furter in “The Rocky Horror Picture Show” and played Pennywise in the 1990 miniseries “It.” The English actor died Tuesday evening at his Los Angeles home, aged 80, and had used a wheelchair since a stroke in 2012. |
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“Big Brother” hits 1,000 episodes, then cuts the feeds CBS marked the 1,000th episode of “Big Brother” on Thursday, with host Julie Chen Moonves returning for the occasion. The network then shut off the show's round-the-clock live feeds so an in-house twist would not leak before it airs. |
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College football season starts today The 2026 college football season opens Saturday with games split across ABC, NBC and Peacock, and The CW. The CW carries ACC, Mountain West and Pac-12 games this season. |
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CBS airs a Parton tribute Sunday night CBS scheduled an “Entertainment Tonight” special, “Remembering Dolly: A Rhinestone Life,” for Sunday at 8 p.m. Eastern, hosted by Kevin Frazier and Nischelle Turner. The Grand Ole Opry in Nashville held its own tribute this week. |
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