August 1, 2026

A dangerous heat wave will bring record-breaking temperatures to parts of the Western U.S. this weekend, prompting warnings for people to stay inside and heightening wildfire risks in areas that already are dry or burning. A ridge of high pressure is holding heat close to the ground — what’s known as a heat dome — from Arizona to Montana, though the good news is that it will be relatively short-lived, National Weather Service meteorologists said. READ MORE: How to stay cool and safe in a heat wave, even without air conditioning The National Weather Service on Saturday forecast a high … Read more

August 1, 2026

Iran attacks Kuwait, trades strikes with U.S. in test to ceasefire

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Iran launched a deadly new set of attacks in the Persian Gulf on Wednesday as it traded strikes with the United States, the latest exchange to threaten the fragile ceasefire and stalled peace talks between the two countries. One person was killed and flights were suspended in Kuwait, officials said, after missile and drone strikes, including an attack on its international airport. The U.S. military said it shot down Iranian drones near the Strait of Hormuz and struck Iran’s Qeshm Island a day earlier. Repeated military exchanges between Washington and Tehran, as well as Israel’s escalating campaign in Lebanon, have … Read more

August 1, 2026

Vance lands in Switzerland as Iran says Strait of Hormuz is closed over ceasefire violations

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Iran said Saturday that the Strait of Hormuz is closed, citing ceasefire violations after Israel continued deadly strikes in southern Lebanon overnight. The Islamic Revolutionary Guard Corps Navy warned ships not to approach the waterway, which Iran had committed to reopening under the interim peace deal signed this week. It said in a statement that vessels’ safety would be at risk if they did so. Iran’s top joint military command said the ⁠closure was the “first step” in response to what were described as ‌breaches of ⁠commitments by the U.S. and Israel, according to Iran’s semiofficial Mehr news agency. In … Read more

July 31, 2026

US Takes a Big Step In Breaking China’s Magnet Dominance

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The US is looking to break China’s dominance in the rare earth magnet sector and put an end to its powerful monopoly. The latest development in tackling China comes after the Florida-based alloy manufacturing firm REalloys signed a strategic agreement with South Korea’s magnet manufacturer JS Link to develop and build the first fully integrated non-Chinese rare earth magnets. The deal is to bring together feedstock, separation, metallization, and permanent magnet manufacturing under a single North American industrial strategy. Also Read: US Stocks That Rose More Than 100% in a Year US Takes on China in Rare Earth Magnets Source: … Read more

July 31, 2026

Pentagon identifies 4th service member killed in recent days as U.S. carries out more strikes

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At least three U.S. servicemembers were killed over the weekend in Iranian attacks,  A third American soldier in northern Iraq died following “a controlled detonation of unexploded ordnance from a downed Iranian one-way attack drone,” CENTCOM said in a statement. The first two were killed in a strike on a U.S. air base in Jordan. Remains have been found after another soldier at the base was declared missing after the attack, but they have yet to be identified. Video of the precision ballistic missile attack in Jordan suggests it came with little or no warning, with shocked military personnel scrambling … Read more

July 31, 2026

Breaking down the GDP report as U.S. economy slows in 2nd quarter

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Amna Nawaz: Meanwhile, here at home, in a sign that the war may be weighing on economic growth, the U.S. economy saw a slowdown in the second quarter, expanding at a lower-than-expected rate of 1.5 percent. That’s according to a new report today from the Commerce Department. It all comes after the Federal Reserve voted yesterday to keep interest rates unchanged, despite three dissents, all arguing in favor of a rate increase. To help make sense of it all, we’re joined now by Greg Ip. He is chief economics commentator at The Wall Street Journal. So, Greg, I’m going to … Read more