Sony is recouping the majority of the $508 million in US tariff refunds after import levies were ruled unlawful, per YF
Roughly 70% of the funds were collected between April and June 2026 and directed into the PlayStation division, though Sony has no plans to reimburse consumers who paid the higher prices.
Trump takes a break from fear-mongering about communism to brag about seizing the means of production: "We had a problem with Intel. And we settled the problem. They gave us 10% of the company. That was worth $12 billion."
This is a bleak July jobs report:
-23,000 jobs lost in July. (Losses occurred in retail, finance, hospitality, local gov't education)
-264,000 people leave the labor force
-Wage growth falls to 3.2% = lowest in 5 years (and totally wiped out by inflation right now)
***Lowest labor force participation rate since February 2021***
The Fed's job just got a lot harder. The labor market is stalling again. Many industries shedding jobs or flat.
BREAKING: Iran's announced 7% toll on all commercial ships passing through the Strait of Hormuz, would generate Iran $385 million daily net or more than $100 billion yearly net at pre-war traffic.
The majority of crude oil volume moves on a Very Large Crude Carrier (VLCC), and at 2 million barrels max capacity the 7% toll would generate Iran ~$11 million for a single oil tanker.
A toll has almost no cost of goods, so ~97% is pure profit. Comparing it to net income, a 7% Hormuz toll would make the Strait about as profitable as Alphabet ($132B in 2025), Nvidia ($120B FY2026), Apple + Microsoft (both just crossed $100B), and Saudi Aramco ($105B), while representing ~15-20x Suez Canal's all-time peak revenue from its toll.
For Iran itself, this would exceed a third of Iran's GDP, without pumping a barrel.
Trump's illegal war with Iran has lasted nearly half a year. What is the status of the war now?
I break down why it's lasted this long and what it has cost the American people.
https://t.co/2DYFQiaJKX
🔥🚨 JUST IN: Sen. Marsha Blackburn moved $4.8 million from her U.S. Senate campaign account to a Club for Growth PAC. A legal “workaround” to get federal funds into her state race for governor.
Shortly after, a related Tennessee PAC spent nearly the EXACT SAME amount boosting her gubernatorial bid and attacking John Rose.
This comes after the latest scandal of leaks from inside her campaign, with staff being told to "Break the Law."
Tennessee voters should take note.
BREAKING: Iran's IRGC, Yemen's Houthis, and Iraqi militias are expected to imminently launch massive coordinated attacks against Saudi Arabia from the north, south and east, a senior Saudi official tells Reuters.
Targets include civilian, energy and oil facilities, economic sites, critical infrastructure, airports, and ports.
Saudi Arabia has also observed drones and missiles being moved right now, suggesting coordinated operations from all three directions.
PabloReports: Do you agree with Senator Cornyn that there is nothing that can be done to constrain Trump?
Warren: No. Republicans have the majority. They could constrain Trump on war, on these slimy tax deals, on his corruption. The list is long. But to do that, they would actually have to grow a spine. And so far, what we have around here is a bunch of gelatinous blobs.
Fox News melts down on live TV over Ken Paxton’s failing campaign: “WHERE IS PAXTON?! I’ve seen Mitch McConnell more than Paxton... Get out of your hole Paxton and DO SOMETHING! I can’t win this race for you! It’s not on Fox! ... Talarico is younger and has energy... THIS CANNOT HAPPEN!”
Missing - as usual - is any criticism of Russia for launching the full-scale invasion of Ukraine. He has normalized both-sidesing Putin’s war of choice.
Trump is planning to spend $275,000,000,000 to build a “Trump-class” of military battleships. This could pay for:
— An end to homelessness in America
— Free school lunch for every kid in America for nearly 4 years
— Student debt elimination for 6.8M Americans
— Healthcare subsidies for 20M Americans for 8 years
— Food assistance for 41M Americans for nearly 3 years
— Federal cancer research for nearly 40 years
— Replacing every lead pipe in America
— Free pre-K for every child in America for over 7 years
Let's be clear, Trump is in Vegas to champion his billionaire friends he gave the biggest tax break in history to... not the working families who are struggling in the economy have wrecked. The average Nevada family now pays $2,900 more on necessities since Trump took office.
JUST IN: Trump is scrambling to stop the BBC from digging into the finances of his business empire after a judge ordered him to hand over records in his $10B defamation lawsuit against the network.