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Trump Orders Navy to Scrap Modern Catapults, Adding Billions to Carrier Costs
Trump orders Navy to replace electromagnetic catapults with steam systems on new Ford-class carrier USS Doris Miller, potentially adding billions in costs and delaying deployment to late 2030s.
S&P 500 Hits Record 7,798.99 as Inflation Cools, Rate Hike Fears Ease
S&P 500 closes at record 7,798.99 on August 13 as July producer prices hold flat, signaling lower odds of Fed rate hike in September. Tech stocks lead gains.
Farage Wins Clacton By-Election With 63% as Financial Probe Resumes
Nigel Farage won the Clacton by-election with 63% of the vote on August 14, 2026, defeating Count Binface. A parliamentary investigation into his finances has resumed despite his victory.
John Larson Loses Connecticut Primary to Luke Bronin on August 11
14-term Rep. John Larson loses Connecticut primary to Luke Bronin, 53.5% to 34.7%. Ninth House incumbent ousted to non-incumbent in 2026, signaling record anti-incumbent sentiment among Democrats.
Texas Judge Strikes Down NFA Registration for Silencers, Rifles on August 13
Federal judge strikes down NFA registration for silencers and short-barreled rifles after Congress zeroed the $200 tax. Trump DOJ declines to appeal, effective August 13, 2026.
On Holdings Plunges 19% as Federer Drops Below Billionaire Status on August 13
Roger Federer’s net worth fell below $1 billion after On Holding stock plunged 19% on Tuesday. Forbes estimates his fortune at $949 million, down from over $1.1 billion, following the sneaker brand’s missed sales expectations.
MCX Shares at ₹2,970.80: UBS Signals More Upside After Fresh Upgrade
MCX shares are trading at ₹2,970.80 after UBS upgraded the stock to Buy from Neutral on August 12, 2026. The brokerage raised its price target to ₹3,800 from ₹3,600, citing strong Q1FY27 earnings, favorable regulation, and steady trading volumes. The upgrade reverses UBS’s own downgrade from May 29, 2026, when it flagged concerns over peak…
LA Warehouse Rotting Meat Crisis: 85M Pounds, £60M Cleanup, New Laws Loom
A burned LA warehouse holds 85 million pounds of rotting meat. Residents face foul odors, flies, and rats. Lineage Logistics faces £60M cleanup costs and new state laws targeting industrial accountability.
Crowley Upsets Hong in Wisconsin Democratic Primary, August 13
David Crowley defeats Francesca Hong in Wisconsin Democratic primary for governor by just 3,000 votes, 39.8% to 39.4%, after relaunching campaign with Tony Evers endorsement.