Thursday, July 2, 2026
Trump filing shows he took in about $1.2 billion from crypto businesses last year (AP) President Donald Trump took in nearly $1.2 billion dollars from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses. Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate. Fueling their rise were billionaire investors and Trumpâs own move to quash a federal crackdown on the industry. Trump also took in millions last year from selling Trump-branded bibles, sneakers and other small items in another unprecedented move for the presidency. The sale of Trump-branded watches alone brought in $4.7 million. The 927-page disclosure form paints a stark, if incomplete picture of the massive growth of the presidentâs wealth since taking office last January through a web of business interestsâmany that have benefited from the policy moves of Trumpâs own government. Trump has insisted that his sons direct his finances but the arrangement rejects the conflict of interest protections that his recent predecessors in office had instituted.
In San Francisco, Even $180,000 Tech Salaries Are No Longer Enough (NYT) Katrine Razniak, 27, arrived in San Francisco in 2022 as a recruiter at LinkedIn, earning $70,000 a year. Her annual salary soared to $180,000 when she joined the software company Rippling to lead a team of account managers. Her partner, Adam Woodbury, 39, moved to the city in 2021 and earns $185,000 as a software engineer. These days, even those six-figure salaries are no longer enough in San Francisco. When Ms. Razniak and Mr. Woodbury tried to find a one-bedroom apartment for under $5,000 a month this spring, they struck out. They looked at around 30 properties over three months, but all were too expensive and too in demand. At one listing for $5,200 a month, they found 30 people had added their names to a sign-up sheet within an hour of the open house. They ended the search. But even if they had found a place, a question lingered: whether a city where groceries and dinner with friends had become sources of financial concern was somewhere they could build a future. âI donât feel completely hopeless, but I donât think I can stay in S.F.,â Ms. Razniak said. As a wave of artificial intelligence wealth is set to deluge San Francisco, even young tech workers who came to the city chasing the Silicon Valley dream have started to say an affordable future feels increasingly out of reach.
The New âBootstrapâ to the American Dream: Deep Cleaning Cars (WSJ) Benjamin Scheets was halfway through his junior year in college when he decided to turn his side hustle into a full-time job. It involves rags and a lot of dirty water. He dropped out of Kent State University in May. The 22-year-old now runs his own business scrubbing every sheet metal curve and interior corner of a vehicle until there isnât a smudge or crumb left. He runs his car detailing operation out of his parentsâ garage, and brings in $5,000 a month in profits. âThereâs a real feeling of satisfaction doing this work,â said Scheets, who started detailing cars for spare cash in high school and now charges $180 on the low end to detail a sedan and as much as $2,000 to add full protective coating. He has booked out two months in advance and is looking to hire an assistant. A customer might pay hundreds of dollars to have someone come to their driveway and fully detail their car, giving it a deep clean both inside and out. Additional services, such as paint correction and ceramic coating intended to help protect the carâs finish and give it extra shine, can cost still more. âWeâre seeing an influx of young people,â says Nicholas Vacco, who runs a $1,995, three-day training course in Pittsburgh for car detailers. He said inquiries from students around the country have risen more than 50% in the past four years.
Cuban official says talks with the US are at a standstill (AP) Talks between Cuba and the U.S. are at a standstill, despite the island recently approving a series of free-market reforms, Cuban Foreign Minister Bruno RodrĂguez announced Tuesday. He noted that the newly unveiled reforms were neither mentioned nor discussed in earlier talks between the two nations. But he said it was striking that they âwere met with a new package of unilateral coercive measures ... against Cuba.â Earlier this month, the U.S. slapped new sanctions on Cuban President Miguel DĂaz Canel and other officials, as well as on companies key to the islandâs crumbling economy. Rodriguez added that while the conduct of U.S. government officials was âgenerally respectfulâ during earlier talks, he said it is accompanied by âconstant aggressive statements against Cuba, threats of military aggression, and the imposition of additional coercive measures.â
Aid Workers Fear Disease Outbreaks in Venezuela After Quakes (NYT) As the window of opportunity shrank in the search for earthquake survivors trapped under rubble in Venezuela, relief efforts on Tuesday began to focus on the longer-term ripple effects of disaster that are often less reported. One of the most pressing consequences is the destruction of what little infrastructure for clean water existed in affected areas, raising the risk of contamination and the spread of illnesses like cholera and typhoid fever. âThe water distribution system collapsed as a result of the earthquake,â said Susana Arroyo, a spokeswoman for the International Federation of Red Cross and Red Crescent Societies in Caracas, Venezuelaâs capital. Ms. Arroyo confirmed in a WhatsApp message on Tuesday that in parts of La Guaira, one of the states hit hardest, bottled water remained the only option for bathing, brushing teeth, washing hands, cooking and everything else. Many in La Guaira state lacked access to running water before the earthquakes, relying on mobile water tankers for basic needs, Ms. Arroyo said.
Hospitals in Europe are gearing up for the next heat wave armed with lessons from this one (AP) Ice. Urgently and in large quantities. At a Paris-region hospital, emergency medics needed it to plunge patients into cold-water baths to speedily bring down their temperatures so they wouldnât join the growing tally of dead from a record-smashing heat wave. But lacking an ice-making machine, where to get it? A fast-food restaurant helped out last week. The Paris-Saclay Hospital has now ordered its own ice machine, eagerly awaited in the emergency department for a future attack of sizzling heat. Just as doctors brace for the annual flu season, they know that fighting heat waves is becoming their new normal. The World Health Organization on Tuesday described the heat wave as âa dress rehearsalâ for summers that âwill be harder.â âEurope is warming at more than twice the global average. Heat waves are no longer one-off freak events,â it said. âEvery summer we fail to prepare for them is a summer we pay for in lives.â
Whatever You Do in Russia, Donât Talk About the War (NYT) The war in Ukraine is a âSpecial Military Operation,â even though itâs the biggest conflict in Europe since World War II. Across Russia, officials blame fuel shortages on âunscheduled maintenance at refineriesâ without noting a cause, as Ukrainian drones attack fuel refining facilities in the country. And Russiaâs central bank governor has talked of the âstructural transformation of the economy,â as code for military spending that has spiraled and reoriented the economy around the military-industrial complex. For years, President Vladimir V. Putin has insulated Russian society from the consequences of his war in Ukraine, using euphemisms as a psychological shield. But as the war increasingly comes home, the mismatch between rhetoric and reality is becoming a source of frustration for ordinary Russians.
Russian attack kills at least 13, injures scores and causes damage across Ukraine capital (AP) Russia launched a large-scale attack on Ukraineâs capital overnight into Thursday that killed at least 13 people and injured scores as loud explosions shook Kyiv for hours. The attack with ballistic and cruise missiles and drones damaged buildings and civilian infrastructure across the city. The attack killed 13 people in Kyiv and injured 86 more, according to Kyiv Mayor Vitali Klitschko. Damage was recorded in 30 locations across the city, mainly residential buildings and civilian infrastructure.
Xi touts Chinese wisdom and solutions as a model for developing nations (AP) Chinaâs leader held up his countryâs rapid industrialization as a new pathway for developing nations in a speech Wednesday that projected a growing confidence both at home and on the world stage. Xi Jinping, now in his 14th year in power, noted that China achieved in a few decades what it took centuries for rich countries to do. âWe advocate the building of a community with a shared future for humanity, providing Chinese wisdom, Chinese solutions and Chinese strength for addressing major issues facing humanity,â he said at an event marking the 105th anniversary of the founding of the ruling Communist Party. China, which has long bristled at U.S. dominance of the international system, has said it doesnât want to replace the global order but change it to better represent the interests of developing countries.
Israel has bombed and bulldozed âŹ150m of EU-funded buildings in Gaza and West Bank (EU Observer) Israel has damaged at least âŹ150m of European taxpayer-funded structures in Gaza and the West Bank, but not paid back one euro, amid concern its impunity will cause further destruction. The European Gaza Hospital in Khan Younis (âŹ50.5m) and the Southern Gaza Seawater Desalination Plant in Deir al-Balah, plus its 18km pipeline (âŹ30m), were the most expensive EU-funded structures hit by Israeli airstrikes since 7 October 2023, when the current war began. European taxpayers had funded an average of âŹ10m a year in other Gaza infrastructure in the 2014 to 2020 period, according to figures from the EU foreign service and the UN, putting another âŹ60m of items in harmâs way. And individual member states added to the tally.
After U.S.-Iran War, Oman Said to Propose Hormuz Fee Plan (NYT) Iran and U.S.-allied Oman are moving forward with plans to collect payment for ships transiting the Strait of Hormuz, despite public American objections, according to an Iranian official and four diplomats with knowledge of the matter. If enacted, the plans would be a significant change from the prewar status in the strategic waterway, underscoring how the American-Israeli decision to attack Iran on Feb. 28 has changed the Middle East in far-reaching and unanticipated ways.
36 students and 3 teachers missing after gunmen raided a school in northeastern Nigeria (AP) Thirty-six students are missing after gunmen raided a school in northeastern Nigeria, authorities said Tuesday. The attack, which happened Monday at the Lassa Day Secondary School in the Askira-Uba area of Borno state, left at least one teacher dead. No group immediately claimed responsibility for the attack but an insurgency from armed groups in the region has killed thousands and displaced millions.
The urgent work to make anti-venoms (BBC) âWhat on earth am I doing?â Thatâs what runs through my mind, repeatedly, as I spend an evening in Bangkok looking for deadly snakes with reptile enthusiast Daniel Hustad. Every day around the world, someone dies or develops a critical illness from a snakebiteâand here I am actively seeking them out. Emergency services in the Thai capital are called to deal with a snake roughly every 15 minutes. If the reptile is venomous, it gets dropped off at the cityâs snake farm, where scientists have been breeding snakes for over a century to create anti-venoms that can save peopleâs lives. Thailand is home to the Queen Saovabha Memorial Institute, the worldâs second-largest snake farms. So far, the team has created seven different anti-venoms. One of them saved head of the farm, Taksa Vasaruchapong, who said heâs been bitten three times.










