national economy of the United States
Key FactsWarren and Garcia demand answers on Trump's stock trades
6 hours ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: thedailybeast.com
Summary created with AI assistance · Source: thedailybeast.com
- Senator Elizabeth Warren and Representative Robert Garcia urged Trump in a letter sent on August 12 to identify the money managers and explain whether he knew about trades that appeared to coincide with government actions or policy announcements.
- The New York Times reported that the transactions generated more than $2.2 billion in revenue in 2025, while Warren and Garcia described the volume as unprecedented and cited an average of about 50 trades for each market day in the first quarter of 2026.
- The lawmakers cited possible conflicts including Nvidia and AMD purchases on January 6 before announced changes easing chip sales to China, and an Axon purchase worth $1 million to $5 million on February 10 before a $220 million Taser contract was announced two weeks later.
- Trump, the White House, and his family said independent financial institutions manage the holdings with full discretion, but CNBC reported that a revocable trust bearing Trump's name has Donald Trump Jr. as its sole trustee, while the New York Times found no indication of a genuine blind trust.
It’s past time we ban Members of Congress, the Vice President, and the President from owning and trading individual stocks.— Elizabeth Warren; quoted in a CNBC interview about stock trading by the president.
OpinionTom Mulcair: Mark Carney is on the right track: Political commentator Tom Mulcair argues Mark Carney is proving his political and negotiating mettle by unifying ...
ctvnews.ca/politics/article/tom-mulcair-mark-carney-is-on-the-right-track/
Karoline Leavitt says she is stepping down as White House press secretary at the end of the month, saying she made the “bittersweet decision” to leave the role ... Show more
Key FactsWhite House Has No Leavitt Successor Yet
4 hours ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: time.com
Summary created with AI assistance · Source: time.com
- Donald Trump announced that Karoline Leavitt would leave her post at the end of August to focus on her family but would remain one of his top advisers and an influential voice in the Republican Party.
- The White House has provided no information about her successor and has told several media outlets that no decision has been made.
- The New York Post reported that Alina Habba and Matthew Boyle are early frontrunners, while sources cited by the Daily Beast described Scott Jennings as the current frontrunner.
- Anna Kelly from the White House communications team, former DHS communications official Tricia McLaughlin, podcaster Katie Miller, and Communications Director Steven Cheung have also been named as potential candidates.
I will always remain a vocal advocate for MAGA and the Republican Party— Karoline Leavitt, in a post on X describing her bittersweet decision to focus on her two young children
Democrats demand answers about conditions aboard USS Lincoln: The aircraft carrier has been at sea for more than eight months.
abcnews.com/Politics/democrats-demand-answers-conditions-aboard-uss-lincoln/story
Iran keeps the Strait of Hormuz closed and plans toll - | while Trump's military is on the verge of collapse
hna.de/politik/iran-krieg-aktuell-strasse-von-hormus-bleibt-gesperrt-teheran-kontert-trump-zr-94441369.html
Trump Admin Permanently Guts Law 'Designed to Stop Criminals from Laundering Money' After Push From Elon Musk
commondreams.org/news/trump-money-laundering-law
Busting CEO Pay Curve in 2025, Musk Made Annual Salary of Average Tesla Worker Every 4.2 Seconds
commondreams.org/news/top-ceo-pay-2025
A new catch at an old address: The Karras family has transformed the former Red Lobster, 4925 N. Academy Blvd., into Berries Basket Cafe, a bright ...
gazette.com/2026/08/12/a-new-catch-at-an-old-address-berries-basket-cafe-has-it-all-table-talk/
Experts warn Trump may be driving wedges between provinces with threatened tariffs
ctvnews.ca/world/trumps-tariffs/article/experts-warn-trump-may-be-driving-wedges-between-provinces-with-threatened-tariffs/
How Trump's construction projects are changing Washington and costing taxpayers: President Trump is pressing ahead with an ambitious effort to reshape Washington ...
pbs.org/newshour/show/how-trumps-construction-projects-are-changing-washington-and-costing-taxpayers
Detroit automakers fear billions in trade deal costs | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/16807489
U.S. court rules Trump can end tariff exemption for small parcels: A trade court ruled Thursday that U.S. President Donald Trump could halt a tariff exemption ...
ctvnews.ca/world/trumps-tariffs/article/us-court-rules-trump-can-end-tariff-exemption-for-small-parcels/
Mark Zuckerberg sends controversial message on the future of jobs.
Something Mark Zuckerberg recently wrote is getting a complicated reception ... Show more
Mark Zuckerberg sends controversial message on the future of jobs
Mark Zuckerberg sends controversial message on the future of jobs
SFGATE Aug 12
A blockbuster $12.5B deal as Josh Kushner and Bob Iger agree to buy the Lakers, AP source says
sfgate.com/sports/article/a-blockbuster-12-5b-deal-as-josh-kushner-and-bob-22385135.php
Key FactsIger and Kushner: Friendship Leads to Lakers Purchase
42 min ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: nytimes.com
Summary created with AI assistance · Source: nytimes.com
- In early 2018, Willow Bay, Iger’s wife, and Karlie Kloss became friends through a shared connection to Estée Lauder.
- Kloss asked Iger to meet her then-boyfriend Joshua Kushner, the founder of investment firm Thrive Capital.
- At their first lunch at Marea in Manhattan, Iger said he immediately connected with Kushner; the two men are 34 years apart.
- Iger and Kushner were seen with NBA Commissioner Adam Silver at the 2025 U.S. Open tennis tournament; in August 2026, they were buying the Los Angeles Lakers.
Humble, extremely smart, easy to connect with. I quickly learned that he has a lot of wisdom of his own.— Bob Iger, in a phone interview on Wednesday, describing his impression of Joshua Kushner.
Silver Lake in talks to buy Workday, sources say: Reuters exclusive: Private equity firm Silver Lake is in talks to acquire Workday, which has a market value of ...
ctvnews.ca/business/article/silver-lake-in-talks-to-buy-workday-sources-say-reuters-exclusive/
Trump sued over plans to charge for early access to Truth Social posts: The suit asks that Trump Media be forced to end both the new paid service ...
bostonglobe.com/2026/08/12/nation/trump-truth-social-lawsuit/
Key FactsTrump sued over paid early access to Truth posts
23 hours ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- The complaint filed in Manhattan on August 12 seeks to bar exclusive official White House announcements on Truth Social while the paid feed exists.
- Truth API launched on August 1 and charges up to $100,000 a month for early access to 10 prominent Truth Social accounts, including Trump's.
- Four days before the launch, Democratic Senators Elizabeth Warren and Adam Schiff asked the Securities and Exchange Commission to examine whether the service undermined financial-market integrity.
- Reuters data show that Trump holds a 41.3% stake in Trump Media through his revocable trust, worth approximately $950 million.
profoundly corrupt— The Intercept and the Freedom of the Press Foundation, in the complaint challenging Truth API
Trump to impose up to 100% tariffs on drone imports: WASHINGTON (Reuters) -- President Donald Trump said on Thursday he will impose tariffs on imports of drones ...
asia.nikkei.com/economy/trade-war/trump-tariffs/trump-to-impose-up-to-100-tariffs-on-drone-imports
'Block This Wasteful Spending' Khanna Says of Trump Plan to Drop $900 Million on White House Construction
commondreams.org/news/white-house-construction
Flock Safety attempts to curb police abuse of its surveillance cameras after scandals
theguardian.com/technology/2026/aug/13/flock-safety-police-abuse-surveillance-cameras
Investors sue Selena Gomez alleging fraud tied to her mental health startup: The plaintiffs say they invested nearly $1.2 million in the company ...
techcrunch.com/2026/08/13/investors-sue-selena-gomez-alleging-fraud-tied-to-her-mental-health-startup/
LeBlanc says ‘we’ll have as many meetings as it takes’ as Canada-U.S. trade talks continue
ctvnews.ca/world/trumps-tariffs/article/leblanc-says-well-have-as-many-meetings-as-it-takes-as-canada-us-trade-talks-continue/
California surrogate gives birth in Texas after life-saving care ordered: A surrogate who went to Texas after a dispute with a California couple over treating a ...
apnews.com/article/surrogate-california-texas-heart-defect-birth-surgery-b19db01b62d0d06d28afc173fbc0570d
Trump has amassed staggering wealth in ‘most openly corrupt’ presidency: Ethics experts and Democrats express alarm as Trump uses office to grow his personal ...
theguardian.com/us-news/2026/aug/13/trump-presidency-revenue-wealth
A former director at the Southern Poverty Law Center was arrested for allegedly overseeing secret payments to informants from white supremacist groups ... Show more
Former Southern Poverty Law Center Official Arrested for Alleged Financial Fraud
Former Southern Poverty Law Center Official Arrested for Alleged Financial Fraud
Minister LeBlanc in Washington again today as tariff deadline nears: Canada-U.S. Trade Minister Dominic LeBlanc is remaining in Washington today as U.S ...
ctvnews.ca/world/trumps-tariffs/article/minister-leblanc-in-washington-again-today-as-tariff-deadline-nears/
Sand: Iowa should raise minimum wage to $12 per hour ⬇️ Click the link in comments to read moreSand: Iowa should raise minimum wage to $12 per hour
Trump’s White House says it’s losing US$19B-US$26B a year in revenue as countries dodge tariffs
bnnbloomberg.ca/tariffs/2026/08/13/trumps-white-house-says-its-losing-us19b-us26b-a-year-in-revenue-as-countries-dodge-tariffs/
‘That Does Not Sound Like Total Control’: Bret Baier Presses Energy Secretary Over Iran
mediaite.com/media/tv/that-does-not-sound-like-total-control-bret-baier-presses-energy-secretary-over-iran/
‘Jesus is everywhere’ at this Lake Norman-area restaurant. What I got for $25: A hands-on review of Mooresville Family House in Mooresville, NC — classic ...
charlotteobserver.com/charlottefive/c5-food-drink/article316842647.html
Judge dismisses Trump administration lawsuit alleging antisemitism at Harvard: The decision from U.S. District Judge Richard G. Stearns said President Donald ...
pbs.org/newshour/politics/judge-dismisses-trump-administration-lawsuit-alleging-antisemitism-at-harvard
Karoline Leavitt’s Big Trump Boast Immediately Backfires: The White House press secretary’s views on the economy are not felt by tens of millions of Americans.
thedailybeast.com/karoline-leavitts-big-trump-economy-boast-immediately-backfires/
Key FactsLeavitt’s Affordability Claim Meets Broad Criticism
2 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: thedailybeast.com
Summary created with AI assistance · Source: thedailybeast.com
- During a Monday appearance on Sean Hannity’s Fox News show, Karoline Leavitt said the country had become more affordable under Donald Trump.
- Recent polling and economic analysis do not reflect that assessment in the experiences of tens of millions of Americans, according to the report.
- According to the report, Trump’s sweeping tariff plans and the war in Iran have worsened financial hardships, while gas prices and inflation are currently higher than when Joe Biden left office.
- After her remarks spread online, Leavitt faced social-media criticism, while Trump’s poor approval ratings on the economy could hurt Republicans in the midterm elections, the report says.
This is no longer the Democrat Party of JFK. Heck, this is not even the Democrat Party of Barack Obama.— Karoline Leavitt on Sean Hannity's Fox News show, criticizing the Democratic Party and praising Trump-era policies.
Marco Rubio Announces 'Birth Tourism' Crackdown: The Secretary of State, a birthright citizen, announced a crackdown on birth tourism, revoking more than 600 ...
newsweek.com/birthright-citizen-marco-rubio-announces-birthright-citizenship-crackdown-12314229
What to Know About Mamdani’s Second-Home Tax That Trump Says ‘Must Be Stopped’: President Donald Trump is among those who have criticized New York City’s ...
time.com/article/2026/08/12/zohran-mamdani-pied-a-terre-second-home-tax-trump-explainer/
Truth Social lets Trump earn money from exclusive information on financial markets
augsburger-allgemeine.de/politik/truth-social-laesst-trump-ueber-exklusive-infos-an-finanzmaerkte-verdienen-115003126
CNBC 12h
Consumers are 'holding up okay,' says CFR’s Rebecca Patterson: Rebecca Patterson, senior fellow at the Council on Foreign Relations ...
cnbc.com/video/2026/08/13/consumers-are-holding-up-okay-says-cfras-rebecca-patterson.html
Raul Castro makes rare public appearance at Fidel centenary event: Cuba's Raul Castro made a rare public appearance on Thursday at a celebration marking the ...
france24.com/en/americas/20260813-raul-castro-makes-rare-public-appearance-at-fidel-centenary-event
Trump promised not to touch Social Security — but his Big Beautiful bill comes with a $169B shock. Protect yourself
finance.yahoo.com/economy/policy/articles/trump-promised-not-touch-social-110500883.html
As The Post first reported this week, after concerns arose about whether the new 747-8 plane gifted by Qatar had sufficient security measures to transport the ... Show more
Canada’s lead trade negotiator warned U.S. counterparts more tariffs could halt trade talks, sources say
ctvnews.ca/world/trumps-tariffs/article/canadas-lead-trade-negotiator-warned-us-counterparts-more-tariffs-could-halt-trade-talks-sources-say/
Trump allowed to suspend de minimis exemption, U.S. court rules: A trade court ruled Thursday that U.S. President Donald Trump could halt a tariff exemption for ...
bnnbloomberg.ca/tariffs/2026/08/13/us-court-rules-trump-can-end-tariff-exemption-for-small-parcels/
Amazon Discloses Ownership of GW Ranch, Giant Texas Data Center-Gas Power Complex
enr.com/articles/63464-amazon-discloses-ownership-of-gw-ranch-giant-texas-data-center-gas-power-complex
So, What Exactly Is Mark Walter’s Deal?: Why is he selling the Lakers to Bob Iger and Joshua Kushner now? And is it related to a federal investigation? Suddenly ...
theringer.com/2026/08/13/nba/mark-walter-los-angeles-lakers-money-sold-federal-investigation-dodgers
Utah’s Medicaid program may be facing a $200 million shortfall: Utah's Medicaid budget gap is so big the state legislature is likely to dip into rainy day funds ...
sltrib.com/news/2026/08/13/utahs-medicaid-program-may-be/
United adds 2 San Francisco routes, indefinitely postpones Chicago expansion: United Airlines is growing in San Francisco after the FAA eased flight limits but ...
thepointsguy.com/news/united-airlines-routes-san-francisco-chicago-ohare/
House Democrats rage over GOP stock trading "set-up": "This is really as reprehensible as I've seen." said one top House Democrat.
axios.com/2026/08/13/republicans-insider-congress-stock-trading-ads
Reflecting Pool's botched repairs threaten to tarnish the National Park Service's reputation
pbs.org/newshour/politics/reflecting-pools-botched-repairs-threaten-to-tarnish-the-national-park-services-reputation
‘How Does This End?’ Fox News Host Grills JD Vance on ‘Seesaw’ Iran War: "We're close to a deal, then we're going to bomb the hell out of them ...
mediaite.com/media/news/how-does-this-end-fox-news-host-presses-jd-vance-on-seesaw-iran-war/
Top House Republican Says Progressives Think ‘Unicorn Pixie Dust Energy’ Charges Electric Cars
mediaite.com/politics/top-house-republican-says-progressives-think-unicorn-pixie-dust-energy-charges-electric-cars/
Justice firms face new federal tax liens for $8.8M+, new DEP lawsuit seeking $2.9M+
wvgazettemail.com/news/legal_affairs/justice-firms-face-new-federal-tax-liens-for-8-8m-new-dep-lawsuit-seeking-2/article_54990f1e-bd06-4c57-9a81-5d0e6cfb2d57.html
ICE to spend up to $20M on shock gloves for agents: The gloves have most often been used in jails, not for public law enforcement
theweek.com/crime/ice-20-million-shock-gloves
‘Nova Scotia will not be bullied’: Premier Houston doubles down on Trump tariff threats
ctvnews.ca/atlantic/nova-scotia/article/nova-scotia-will-not-be-bullied-premier-houston-doubles-down-on-trump-tariff-threats/
President Donald Trump’s approval rating has fallen to yet another low since his return to the White House, according to a new Economist/YouGov poll ... Show more
Trump's approval rating hits yet another record low in latest poll
Trump's approval rating hits yet another record low in latest poll
S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread : Extraordinary corporate compensation deals for Elon Musk have opened the door for ...
ctvnews.ca/business/article/sp-500-ceo-pay-jumps-to-record-as-musk-inspired-compensation-plans-spread/
Washington Commanders Stadium Construction Team Announced: Located on the site of the now-demolished RFK Stadium on the banks of the Anacostia River ...
enr.com/articles/63468-commanders-stadium-construction-team-announced
Trump Wants Private Companies to Launch Cyber Attacks. They Just Have to Post a $1 Million Bond First
inc.com/chloe-aiello/trump-wants-private-companies-to-launch-cyber-attacks-they-just-have-to-post-a-1-million-bond-first/91390866
Inflation eased slightly in July. And, ICE plans to give officers electric shock gloves
npr.org/2026/08/13/g-s1-138578/up-first-newsletter-inflation-colombia-earthquake-ice-gloves-migrant-children-karolina-leavitt
Key FactsICE plans electric-shock gloves for officers
1 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: n.pr
Summary created with AI assistance · Source: n.pr
- Plans posted by DHS this week indicate that ICE intends to acquire the gloves from Compliant Technologies, a veteran-owned company based in Kentucky.
- The device, called the G.L.O.V. E., delivers an electric shock through skin contact when a wrist button is pressed, resembling a Taser but without emerging prongs.
- Demonstrations appear to show the gloves causing pain, with many officers grimacing or shouting and almost all falling to the ground.
- The ACLU questions whether ICE personnel will be adequately trained amid plans to hire more than 12,000 officers in less than a year, while DHS points to de-escalation training and ongoing assessments of officers’ needs.
The idea of arming ICE agents with limited training and a recent track record of misusing force and using it way too much, to hand them this kind of weapon is reckless and surprising.— Naureen Shah, director of policy and government affairs for immigration with the ACLU