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The LAX Skylink people mover system is reported to be 99% complete, yet its viability faces increasing uncertainty. This instability is driven by bond ratings sinking into junk territory and looming 2026 deadlines which raise the specter of default or termination.

A new rule proposed by the Department of Transportation would require airlines to display taxes, fees, and base fares for flights. These individual costs must be shown with prominence that is equal to or greater than the total price.

G3 Enterprises, a company that produces wine corks and bottles, announced plans to lay off 66 workers. This event contributes another difficulty to California's struggling wine industry.

Hiltzik reports that ordinary Americans struggle to fund their 401(k) plans while plutocrats accumulate millions tax-free. The article notes that tax-advantaged retirement accounts, initially devised for the middle class, have been exploited by the rich. Consequently, plans are now being considered to close these financial loopholes.

President Trump is renewing pressure on Senate Republicans to pass a House-approved bill intended to make daylight saving time permanent. However, this effort faces stiff opposition from GOP senators whose states would be plunged into early-morning darkness during the winter.

President Trump faces the difficult task of replacing White House press secretary Karoline Leavitt after she announced her decision to step down. Leavitt was viewed as an indispensable member of the administration who played a key role in his inner circle.

The federal government scrambled to find criminal cases supporting President Donald Trump’s claims of illegal voting by noncitizens, leading agents from Homeland Security Investigations to work across the country. Joe Teirab reported that after subpoenaing records on about 130 people in Minnesota, only one had been referred for prosecution, noting that the HSI task force was disorganized and the entire process was dysfunctional. ProPublica reviewed internal emails showing Department of Homeland Security’s personnel were tasked with leading this election agenda despite meager results.

In Wisconsin, democratic socialist Francesca Hong narrowly lost her primary race for governor to Milwaukee County Executive David Crowley. However, in Minnesota, Lt. Gov. Peggy Flanagan defeated AIPAC-backed Rep. Angie Craig in a Senate primary race. The discussion also covered the intensifying democracy crisis, which according to David Sirota rests on concentrated executive power and the supremacy of money.

Ocado Group Plc shares are reportedly showing signs of revival after a bruising decline. These shares achieved a 45% rally, indicating a rebound from previous performance.

The U.S. Department of Homeland Security plans to spend between $10 million to $20 million on G.L.O.V.E., an electrical shock glove device manufactured by a Kentucky company for ICE agents. The DHS stated that the technology is necessary for officers to safely arrest and remove illegal aliens from the country. Representatives demonstrated the product to lawmakers, while critics expressed concern regarding its use and procurement.

Today across the Twin Cities is expected to be mostly dry, though isolated showers are possible this afternoon and evening. Saturday will be humid with morning showers and another round of thunderstorms expected later in the day. However, Sunday is forecast as a nice day, promising partly to mostly sunny skies and much lower humidity.

RedotPay's US IPO has been reported as delayed due to the company needing regulatory approvals. Despite the delay, RedotPay stated that it successfully secured a US money transmitter license.

A King County judge has mandated that the exchange Kalshi stop offering sports, election, and politics wagers in the state by August 19. This legal order comes days after the CFTC had backed the company regarding its operations concerning Washington bets.

Alex Vindman believes he can achieve what Democrats have been unable to do over the past decade. He aims to break through the existing hold placed on Florida by Republicans.

Jaspal Bharaj was charged with misdemeanor assault and battery after police reported he assaulted a 3-year-old child at Bright Horizons Daycare in Reston, Virginia. Investigators determined that Bharaj pulled the child's hair, pushed his head into a basket, and shoved him to the ground. The daycare facility terminated his employment and cooperated with the investigation.

The country's central bank warns that Slovakia’s industrial sector is losing competitiveness. This decline is due to stagnating productivity and rising labor costs, which are noted to exceed the European Union average by more than twice.

Multiple wildfires have flared across France, central England, Germany, and Croatia due to a wave of record-breaking heat gripping Europe. These extreme temperatures led to massive evacuations in areas like Luglon and Gey, while firefighting efforts were complicated by factors such as unexploded World War II munitions. The report links these severe weather events to human-caused climate change.

Tropical Storm Lala is currently steady as a tropical storm but is forecasted to become a hurricane. Consequently, a hurricane warning has been issued for the Big Island of Hawaii due to its approach, which carries potential for heavy rain and strong winds.

Flock Safety announced platform changes aimed at addressing privacy concerns and documented law enforcement abuses of its license plate reader network. These updates include making an audit tool mandatory for all customers to flag abnormal search behavior and shortening the data retention window from 30 days to seven days. Furthermore, law enforcement users must now link every search to a specific case number.

World shares showed mixed results, with indices declining in Europe but gaining in Asia, as U.S. futures were little changed after inflation data improved to 4.7% year-over-year at the wholesale level. The report eased concerns about inflation, leading analysts to suggest the Federal Reserve might hold off on future interest rate hikes. Meanwhile, oil prices resumed climbing and the U.S. dollar declined against the Japanese yen.

President Trump plans to appear alongside Nassau County Executive Bruce Blakeman during a Long Island visit. The appearance is designed to rally support for Blakeman, who has endorsed President Trump in the New York governor's race.

The job-finding rates for 'primary workers,' who are almost always employed, have seen the biggest drop—13 percentage points from a November 2022 high to a September 2025 low. This drop is occurring even while US job losses indicate ongoing labor challenges and AI exposure has dramatically worsened outcomes for certain roles. The analysis by the Federal Reserve Bank of Richmond shows that less secure secondary workers, conversely, have not seen such a massive decline.

Tech workers from companies including Amazon, Google, and Meta shared their biggest career regrets with Business Insider. Regrets ranged from not leaning into AI sooner to missing job opportunities or staying too long at one company. Mike Kostersitz highlighted his regret of remaining loyal to a company for 31 years before being laid off.

GLP-1 drugs can cause weight loss, which results in an estimated 25% decline in musculoskeletal mass and increases the risk of fractures, especially for older adults. To mitigate this risk, patients should pair GLP-1 use with exercise and strength training while maintaining proper nutrition high in protein, calcium, vitamin D, and magnesium.

Following a fair housing lawsuit, former landlord David Merryman settled for $2.5 million, which will provide financial compensation to several former tenants. The settlement requires that eviction filings against the residents be scrubbed and mandates that Merryman sell all his Virginia properties. Tenants reported suffering displacement due to alleged harassment and retaliation from him.

Civil rights figures held a requiem for the Voting Rights Act on its 61st anniversary, lamenting legislative setbacks and the neutering of federal protections. The hollowing out of the VRA is attributed to Supreme Court rulings that ended federal preclearance, which limited state governments from changing voting procedures. As a result, critics argue the nation is experiencing a modern-day political Jim Crow.

AP journalists photographed members of a Ukrainian HIMARS crew, including those from the 148th brigade. The crew was observed firing rockets at Russian positions while attempting to evade detection by enemy reconnaissance drones along the front line in eastern Ukraine.

Loudoun County Supervisor Michael Turner addressed local officials at a conference on data center regulation, noting that public sentiment has shifted from acceptance to opposition. Though numerous Maryland counties have enacted moratoriums or bans, Turner argued against outright bans, suggesting guardrails instead, such as limiting noise and requiring detailed submissions on energy and water use. He highlighted best practices for managing development while preserving community benefits.

Coinbase CTO Rob Witoff uses an internal beta AI tool called "Coinbase Coach," which analyzes company data sources like Slack messages and Google Docs to provide feedback on employee performance. This coaching tool provides private advice intended to improve efficiency, and the resulting reports are not used in performance reviews or available to managers. The use of such tools is part of a broader effort at Coinbase to help employees automate tasks and optimize work.

Metro Detroit experienced dry conditions allowing the Woodward Dream Cruise to begin today. However, increasing moisture is expected late Saturday, raising a concern for showers and thunderstorms and potential localized flooding near I-94. Conditions are projected to improve early next week when less humid weather with sunshine returns.

Robert Stojinski Jr., a Gaithersburg man, pled guilty to detonating a homemade pipe bomb at his house in Montgomery County. A judge subsequently sentenced him to 54 years of jail time. The investigation into the incident uncovered that Stojinski had also owned ghost guns and components, and he had previously threatened violence targeting a CVS pharmacy.

Foreign Minister Sergei Lavrov reported that President Vladimir Putin is prepared to meet US envoys Steve Witkoff and Jared Kushner in Russia. The meeting aims to discuss Ukraine, though Lavrov stated that the outcome of the discussions depends on the proposals they bring.

Indonesian President Prabowo Subianto announced plans to establish a new commodity exchange within Indonesia. The goal of this initiative is to increase the nation's influence over global commodity prices.

Receiving a $42,000 bonus raised concerns that it might eliminate the family's Affordable Care Act subsidy. Consequently, they were advised to return the bonus funds and instead take out a home-equity loan.

Serena Williams is focusing on mentoring young founders in the VC chapter of her career, noting that she has had to learn mentorship herself. She attributes key leadership skills by comparing how thriving in sports translates to business success and stressed the importance of being accessible. When advising her daughters, she wants them to understand that achieving success requires consistently hard work.

Oil declined as tankers carrying crude continued to exit the Persian Gulf amid persistent threats. Progress remains limited on a deal between Iran and Oman aimed at reopening the Strait of Hormuz. Rachel Ziemba spoke about regional conflict with Abeer Abu Omar on Bloomberg’s Horizons Middle East & Africa.

Consumer Reports notes that some vacuums may struggle on carpet or scatter debris despite receiving decent reviews. However, Consumer Reports also identified better alternative models across 5 specific categories to buy.

Bank of America Corp. strategists suggest that success in the midterm elections for the Republicans and the Texas gubernatorial contest could set up stocks for a further rally. Separately, BofA’s Hartnett sees a Republican Senate Win as an event that would fuel a stock rally.

The United Arab Emirates blamed Iran for attacking two tankers, operated by a state-owned oil company, with drones while transiting the Strait of Hormuz. The UAE stated that these attacks constituted acts of piracy.

Tom Mackenzie explores the next generation of humanoid and autonomous robotics transforming industries across Europe in 'Bloomberg Tech: Europe'. The show highlights advanced AI models and surgical micro-bots, detailing how European innovators are shaping the future of automation and artificial intelligence.