Aggregator

Most parents have a standard checklist of milestones they celebrate: first steps, a lost tooth, the first day of school, or getting a driver's license.

Lawmakers are unhappy that Trump's administration has been refusing to spend money allocated for foreign assistance, including medical care, around the world, which could delay approval of the request.

During the opening night of Richie's 26-city North American tour in St. Paul, Minnesota, the four-time Grammy winner fell ill while he was onstage.

During the opening night of Richie's 26-city North American tour in St. Paul, Minnesota, the four-time Grammy winner fell ill while he was onstage.

On New York City’s nightlife scene, sex is always on the menu. 

The star battled the heatwave in an oversized tee that stylist Law Roach sourced on eBay for less than $40.

The star battled the heatwave in an oversized tee that stylist Law Roach sourced on eBay for less than $40.

Gen Z, your superhero has arrived.

Jack Harris and Dylan Hernandez break down the cause of the public on-field friction between the two players.

Supreme Court Allows Trump Admin To Remove Deportation Protections For Syrians & Haitians

Authored by Sam Dorman via The Epoch Times,

The Supreme Court has allowed the Department of Homeland Security’s (DHS’s) attempt to remove deportation protections for nationals of Haiti and Syria.

In a 6–3 decision on June 25, a majority of the court said federal law barred judicial review of non-constitutional arguments against the department’s determinations.

Justice Samuel Alito wrote the majority opinion, which said the sole constitutional argument in the case would likely fail.

“Citing statements made by President Trump and former Secretary of Homeland Security Kristi Noem, one set of respondents advances an equal protection claim that Haiti’s TPS [Temporary Protected Status] designation was terminated because of the racial makeup of that country’s population,” Alito wrote.

“But, ironically, one of respondents’ other arguments undermines the equal protection claim by offering a strong, race-neutral explanation for Haiti’s termination: namely, that the current administration, which has terminated every TPS designation that has come up for renewal, simply opposes the TPS program, at least as it has been implemented in the past.”

During oral argument in April, the Justice Department argued that lower court judges had exceeded their authority in blocking DHS’s decisions to terminate protected status for those groups.

Some of the arguments focused on a portion of the Immigration and Nationality Act that says, “There is no judicial review of any determination of the [DHS Secretary] with respect to the designation, or termination or extension of a designation, of a foreign state under this subsection.”

The decision is expected to impact thousands of Haitians and Syrians who received temporary protected status.

Developing...

Tyler Durden Thu, 06/25/2026 - 11:25

Alex Kerkhove is the former WTWO meteorologist whose emotional farewell post earlier this month drew an outpouring of support from viewers.

One famous pop star is elated with her country’s start in the 2026 World Cup

The collapse occurred around 8:20 p.m. while three divers were at the base of the cliff, Biarritz City Hall said in a statement.

Sometimes players need to be protected from themselves.

All he could do was take the moment in. 

More than half of Americans say splurging on lavish, premium meals is their go-to move for turning a rough week around, according to new research.

75% Of US GDP Growth In The First Quarter Was Due To AI

On the surface, today's final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month's downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth. 

The print reflected a downward revision to imports, which are a subtraction in the calculation of GDP, that was partly offset by a sharp downward revision to consumer spending.

Taking a closer look at the components, net exports contribution being revised sharply higher to -0.4% from -1.3% previously drove the improvement while consumption was much weaker. Real personal consumption expenditures revised sharply lower to 0.5% (saar) from 1.4% (saar). This is unexpected as virtually everyone was convinced that bumper tax rebates from Trump's OBBBA "stimulus" would push Q1 personal spending; in retrospect, spending in Q1 was far weaker than expected. 

That said, real spending in May climbed 0.3% (3.2% annualized), while April was revised to 0% from 0.1%. This suggests an okay pace of spending but not boomy across the two months (1.6% annualized) considering bumper tax refunds putting extra money in people's pockets. 

Yet, as before, when we get to fixed investment, something remarkable emerges: Residential housing investment declined 1.7% and subtracted 0.3% from the bottom line GDP print. This was the 5th consecutive decline as residential investment has declined, and 7th of the past 8 quarters. To be expected at a time of rising interest rates. 

But Nonresidential fixed investment was the outlier, soaring by 8%, and responsible for 1.42% of the 2.1% bottom line print.

Let's take a closer look at the breakdown.

The chart below shows quarterly annualized GDP growth broken down by components. It shows that Q1 GDP grew at exactly 2.100% in Q1. Also notable is that traditionally strong consumption, added just 0.37% of the bottom line number, as per the discussion above; this was offset by net trade being a far smaller detractor from GDP growth at -0.37% with, inventories (0.23%) and government (0.74%) providing a modest offset. 

The highlighted block is Fixed Investment, which contributed 1.11%. However, keep in mind that residential fixed investment subtracted 0.30% from the total number, which means that Nonresidential fixed investment was responsible for 1.42% of the 2.1% GDP print.

Focusing on the fixed investment component, we find the following: as noted above, it was all about non-residential fixed investment.

Zooming into this segment, we find that Nonresidential equipment grew by 5.8%, or contributing 0.8% to the 2.1% GDP, while Intellectual Property products grew just over 5.3%, and added 0.74% to the bottom line GDP. 

While IP is clear - it consists primarily of Software, the kind that one uses to create and develop AI tools, as well as R&D - the components behind Nonresidential equipment need a closer look again, and here we find that Information Processing equipment, i.e., data centers, grew at a stunning 14%, comprising virtually all of the 0.81% contribution to 2.1% GDP growth.

And there you have it: between Software (0.74% of the GDP growth) and Nonresidential Equipment (0.81%), AI - which was the primary driver behind growth in both - contributed just over 1.5% to GDP growth of 2.1%; in other words about 74% of all US growth in Q1 was due to AI.

Another way to visualize the remarkable impact of spending on "computers" is the chart below: it clearly shows just how reliant the US has become on spending on computer products.

And that's why AI is now not only a market bubble, but it has become a core anchor propping up the entire US economy; it's also why the US government will have no choice but to backstop it once the inevitable AI bubble pops. 

Tyler Durden Thu, 06/25/2026 - 11:10

Bayer Stock Soars After Supreme Court Guts Core Legal Theory Behind 1000s Of Roundup Cases

Bayer AG shares soared in Frankfurt on Thursday morning after the Supreme Court sided with the German pharmaceutical and life sciences giant in a major Roundup ruling expected to block thousands of lawsuits alleging it failed to warn consumers that the weedkiller could cause cancer.

Bloomberg reported that the Supreme Court voted 7 - 2 to throw out a $1.25 million jury verdict won by Missouri resident John Durnell, who blamed years of Roundup exposure for his non-Hodgkin's lymphoma.

The first opinion is in Monsanto v. Durnell. The court holds that the federal law governing pesticide labels bars a lawsuit against Monsanto, the maker of Roundup weedkiller, for failing to include a warning on the label about the risks of cancer.https://t.co/cPzdF5lgH5

— SCOTUSblog (@SCOTUSblog) June 25, 2026

Justice Brett Kavanaugh wrote for the majority that federal law "demands" uniform pesticide labels and that the state-law "failure-to-warn" claim at issue in the case "would require a cancer warning on Roundup's label, a requirement 'in addition to' and 'different from' the label required by EPA."

Justices Ketanji Brown Jackson and Neil Gorsuch dissented.

NEWS: The Supreme Court just gutted the central legal theory behind tens of thousands of Roundup cancer lawsuits.

In a 7-2 ruling in Monsanto v. Durnell, the justices held that federal pesticide law preempts state "failure-to-warn" claims, meaning a jury can't punish Bayer-owned… pic.twitter.com/zrIsgJDBu5

— Benjamin Ryan (@benryanwriter) June 25, 2026

The ruling is a major milestone in Bayer's years-long court battle over Roundup, which it acquired from Monsanto for $63 billion in 2018. The company has since stopped using glyphosate in Roundup products sold at major retailers.

Earlier this year, Bayer announced a proposed $7.25 billion class action settlement to resolve tens of thousands of current and future lawsuits.

Shares of Bayer soared 20%...

...marking the largest intraday gain since March 2003.

Bloomberg Intelligence analyst Holly Froum wrote in a note before the high court ruling that about $787 million in existing Roundup verdicts could be affected by the decision.

To sum up, the high court ruled that consumers cannot sue Bayer over the absence of a cancer warning on Roundup labels because federal regulators had already concluded that such a warning was not required.

Tyler Durden Thu, 06/25/2026 - 10:55

Apple on Thursday slapped a slew of its MacBook and iPad products with higher prices – blaming the price hikes on an AI-driven surge in demand for memory chips.

The Los Angeles County Registrar-Recorder/County Clerk said a voter registration application may not be rejected solely because the address provided appears to be a business or other non-traditional residential location.