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Cruel heat is baking southern Europe as the continent slips deeper into summer. In homes and offices, air conditioning is sweet relief. But under the scorching sun, outdoor labor can be grueling, brutal, occasionally even deadly.

“It’s a building that’s being built,” Trump said. “No, it was built five years ago,” Powell said. via Josh Boak apnews.com/article/trump-…

Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing via ⁦Josh Boak⁩ apnews.com/article/trump-…

Trump, asked if he agrees with Netanyahu’s comment that “there is no starvation in Gaza, says “I would say not particularly because those children look very hungry.” He also says he’s going to shorten the deadline for Russia to reach peace. More here: apnews.com/live/donald-tr…

Real world examples here of how tariffs, for all the triumphalism around them now, may cost jobs, particularly if firms eat the tariffs, as Trump demands. From Josh Boak and Paul Wiseman: apnews.com/article/trump-… Trump's tariffs could squeeze US factories and boost costs

BREAKING: The Trump administration proposes revoking a scientific finding that has long been the central basis for U.S. action to fight climate change. apnews.com/article/trump-…

Japan says powerful quake has hit near Russia’s Kamchatka Peninsula, issues a tsunami advisory apnews.com/article/japan-…

Good look at the state of play after the Q2 GDP report ... Compares to 2024 and expectations going into 2025.

apnews.com/article/epstei…

In the tiny African nation of Lesotho, clothing manufacturer Tzicc’s business has dried up in the face of tariffs imposed by U.S. President Donald Trump’s administration. New rates for dozens of countries, including Lesotho, are expected to be announced Friday.

Following the FOMC policy decision and Powell presser the market is no longer pricing in a September rate cut. While, the September event will be a live meeting at this point we will need to see real cracks in the labor market and better than forecast inflation readings. If not

Ford Motor Co. lowering profit outlook for 2025, citing higher tariff costs from President Trump's trade policies detroitnews.com/story/business… via Breana Noble & The Detroit News

4/For more on the tariff analysis, check out the exclusive report from @JoshBoak and Paul Wiseman at The Associated Press 👇 apnews.com/article/trump-…

It's Trump's economy now. The latest financial numbers offer some warning signs apnews.com/article/trump-…

How an alleged Ponzi scheme targeting Republicans left investors and politicians reeling apnews.com/article/georgi…

I make President-Fed interaction time series and estimated "political pressure shocks" available here econweb.umd.edu/~drechsel/rese… *NEW* I now also provide the underlying 𝑟𝑎𝑤 data that I hand-collected from the Presidential daily diaries (see screenshot)

SCHWARBINO

Today is my first day on the The Associated Press business desk covering airlines, travel & tourism. I'm excited to sink my teeth into a new beat. Please add me to your email lists: [email protected].

"Trump has a go-to playbook if the numbers reveal uncomfortable realities, and that’s to discredit or conceal the figures and to attack the messenger — all of which can hurt the president’s efforts to convince the world that America is getting stronger." apnews.com/article/trump-…

RFK Jr. pulls $500 million in funding for vaccine development apnews.com/article/kenned…