Berkshire Hathaway reports $13 billion in second-quarter operating profit as Greg Abel deploys cash
Berkshire Hathaway posted stronger second-quarter operating results and invested about $10 billion in Alphabet as CEO Greg Abel began deploying cash.
United States
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DOE Opens 60-Day Review of National Transmission Needs as Grid Demand Accelerates
The Energy Department released a draft national transmission study and opened a 60-day public-comment period as U.S. electricity generation rises and grid demand grows.
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GAO finds security gaps and contractor problems at ICE’s Camp East Montana detention facility
A Government Accountability Office report found camera blind spots, missing perimeter cameras and understaffing when ICE’s Camp East Montana facility opened in 2025. ICE terminated the contract in April 2026 and chose a new contractor.
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Education Department Removes Disparate-Impact Liability From Title VI Regulations
A final regulatory change announced July 23 limits federal civil-rights liability in education cases based solely on demographic disparities, unless discriminatory intent or a facially discriminatory policy is shown.
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AP-NORC poll finds sharp age divide among U.S. Jewish adults over Israel and Gaza
A national AP-NORC survey finds younger Jewish adults are less likely than older adults to view support for Israel as central to Jewish identity and more likely to say Israel committed genocide in Gaza.
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Federal Reserve: Credit-Card Borrowing Picked Up as Consumer Loan Costs Stayed High
Consumer-credit flows accelerated after a slower start to 2026, with the strongest increase in credit-card balances as auto-loan rates remained above 2019 levels.
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Supreme Court strikes down federal limits on coordinated party expenditures
The Supreme Court ruled June 30 that limits on coordinated expenditures by political parties violate the First Amendment, changing a major part of federal campaign-finance law ahead of the 2026 election cycle.
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DOJ Trade Fraud Task Force Says Recoveries and Charged Losses Topped $1 Billion
The Justice Department said its Trade Fraud Task Force surpassed $1 billion in combined recoveries, penalties, forfeitures and publicly charged losses less than a year after its launch.
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Federal judge narrows fifth-year NCAA eligibility order for Class of 2022 athletes
A Colorado federal judge clarified that an injunction applies only to Division I athletes who graduated from high school in 2022 and exhausted their fourth season in spring 2026.
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NSF Commits $380 Million to Nationwide Network of AI-Enabled Automated Laboratories
The National Science Foundation says 20 teams will build a nationwide network designed to test and scale AI-driven automated science.
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FBI Warns Scammers Are Impersonating IC3 to Revictimize Cybercrime Victims
The FBI says scammers are posing as bureau personnel and IC3 representatives while targeting people who have already filed online-crime complaints.
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Extreme Heat in Las Vegas Is Complicating Takeoffs and Raising Delay Risks
Extreme summer heat is making aircraft takeoff calculations more difficult in Las Vegas and can contribute to flight delays, researchers say.
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Meta’s Supreme Court Filing Deadline Arrives in Nevada Social-Media Liability Case
Justice Elena Kagan extended Meta’s deadline to seek Supreme Court review of a Nevada dispute involving Section 230 and the First Amendment.
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CMS posts proposed 2027 Medicare payment rule for hospitals and surgery centers
The proposed rule covers 2027 Medicare payments for hospital outpatient departments and ambulatory surgical centers, as well as quality reporting, star ratings and hospital price transparency.
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U.S. Nonfarm Payrolls Fell by 23,000 in July, BLS Reports
The Bureau of Labor Statistics reported a 23,000-job decline in U.S. nonfarm payroll employment in July, adding to signs of weaker hiring momentum.
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USDA Opens $500 Million Fertilizer Expansion Program With Aug. 17 Deadline
The USDA is accepting applications for the FIELDS program, which will provide competitive cost-share awards for domestic fertilizer production and related infrastructure.
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Justice Department Opens Investigation Into Harvard Financial-Aid Programs Tied to China
The Justice Department is investigating whether Harvard’s China-based financial-aid programs discriminate against American students.
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Trump Names Will Scharf as White House Counsel, Replacing David Warrington
President Donald Trump announced that White House Staff Secretary Will Scharf will become White House counsel, replacing David Warrington, who is leaving the administration for the private sector.
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South Korea and U.S. Set Aug. 10 Week for Ulchi Freedom Shield Exercises After North Korean Missile Test
South Korea and the United States will begin annual Ulchi Freedom Shield exercises during the week of Aug. 10, days after North Korea resumed ballistic-missile testing.
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Hasbro raises 2026 adjusted EBITDA outlook after second-quarter results despite unauthorized-access costs
Hasbro raised its 2026 adjusted EBITDA guidance to approximately $1.45 billion to $1.50 billion while reporting $11 million in direct costs and an estimated $25 million revenue impact tied to unauthorized access to company systems.
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GAO Warns Federal Debt Has Surpassed the Size of the U.S. Economy
The Government Accountability Office says publicly held federal debt temporarily exceeded the size of the U.S. economy and could reach 120% of the economy by 2036 without policy changes.
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USPTO Says AI Trademark Tool Reaches Full Agency Adoption After 250,000 Applications Analyzed
The U.S. Patent and Trademark Office says its Trademarks organization fully adopted Scout LLM on July 1, while a related tool, Class ACT, has analyzed 250,000 applications.