Growing pains and absent leaders hang over Brics summit
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Washington Post
an hour ago
- Washington Post
Pope Leo XIV renews his call for an immediate ceasefire in Gaza
CASTEL GANDOLFO, Italy — Pope Leo XIV renewed his call on Sunday for an immediate ceasefire in Gaza , asking the international community to respect international laws and the obligation to protect civilians. 'I once again call for an immediate end to the barbarity of this war and for a peaceful resolution to the conflict,' the pontiff said at the end of his Sunday Angelus prayer from his summer retreat in Castel Gandolfo.
Fox News
2 hours ago
- Fox News
Trump celebrates 6 months back in office: US 'totally revived' after being 'DEAD' under Biden
President Donald Trump celebrated six months since he was sworn into his second term on Sunday, saying that the United States has been "totally revived" after being "DEAD" under former President Joe Biden. "Wow, time flies! Today is that Sixth Month Anniversary of my Second Term. Importantly, it's being hailed as one of the most consequential periods of any President," Trump wrote on social media. "In other words, we got a lot of good and great things done, including ending numerous wars of Countries not related to us other than through Trade and/or, in certain cases, friendship," he added on TRUTH Social. "Six months is not a long time to have totally revived a major Country." Trump continued: "One year ago our Country was DEAD, with almost no hope of revival. Today the USA is the 'hottest' and most respected Country anywhere in the World. Happy Anniversary!!!" Trump's first six months have been marked by a number of significant moments, particularly on the international stage. After Iran-backed Houthis in Yemen ramped up attacks on shipping vessels in the Red Sea in late 2024, the Trump administration designated the group a foreign terrorist organization, reinstating a move that had been reversed under Biden. U.S. and U.K. forces earlier this year pounded Houthi missile and radar sites as part of an operation to ensure freedom of navigation, and the Trump administration secured a ceasefire deal with the terror group in May. Trump intervened in the Israel-Iran war in June, ordering U.S. military strikes against Iranian nuclear facilities and infrastructure that pummeled Tehran's capabilities and forced the regime into quick submission. Though Trump had promised on the campaign trail to end the Ukraine-Russia war within 24 hours, a peace agreement between the two sides has so far failed to materialize. Earlier in his second term, Trump had slammed Ukrainian President Volodymyr Zelenskyy for a perceived lack of gratitude for billions of dollars in U.S. support to his war effort under Biden's presidency. Trump more recently has sharpened his criticism of Russian leader Vladimir Putin, slamming Moscow for the massive loss of life on both sides during the more than three-year-long conflict. Trump issued a new deadline in mid-July that Russia had 50 days to agree to a ceasefire or face "maximum tariffs." He also recently approved the sale of additional U.S. Patriot missiles to Ukraine. In its first six months, the Trump administration had also brokered a ceasefire between the Democratic Republic of Congo and Rwanda in late June. Beyond "ending numerous wars," Trump has celebrated other accomplishments during his first six months back in office, including securing the passage of his "big, beautiful bill," which made the 2017 Trump tax cuts permanent. The legislative package also earmarked funding for the president's other initiatives, including for his mass deportation campaign and border security. On overseas trips and at home, Trump has repeatedly said the U.S. is the "hottest" country, claiming to have restored America's reputation both domestically and on the world stage with his "America First" foreign policy. Delivering on his 2024 pledge to make the U.S. the "crypto capital of the planet," Trump on Friday signed landmark legislation that creates a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins. Trump on Sunday also appeared to dismiss concerns that his administration's handling of the Jeffrey Epstein files could cost Republicans control of Congress in the 2026 midterm elections and beyond. "My Poll Numbers within the Republican Party, and MAGA, have gone up, significantly, since the Jeffrey Epstein Hoax was exposed by the Radical Left Democrats and, just plain 'troublemakers'," Trump wrote in another post Sunday morning. "They have hit 90%, 92%, 93%, and 95%, in various polls, and are all Republican Party records. The General Election numbers are my highest, EVER! People like Strong Borders, and all of the many other things I have done. GOD BLESS AMERICA. MAGA!"
Yahoo
3 hours ago
- Yahoo
3 Ways Trump's ‘Big Beautiful Bill' Could Hit Tesla Investors
Tesla investors have had a rough go in 2025, with a stock price that's down by more than one-fifth year-to-date and a major slump in global electric vehicle sales. I'm a Self-Made Millionaire: Learn More: Now, the Elon Musk-led company faces more grim news in the form of President Donald Trump's 'Big Beautiful' spending bill, which was signed into law on July 4th. Among other things, the bill will bring an end to federal tax credits on certain EVs. Here are three ways the bill could hit Tesla investors. Tax Credits Will End Federal tax incentives played a big role in boosting Tesla's EV sales in recent years, but those incentives will soon come to an end. Because of Trump's bill, buyers have until Sept. 30 to qualify for the federal tax credits on Tesla EVs before they're terminated, CBS News reported. Before the bill passed, new EVs came with a $7,500 federal tax credit, while used EVs came with credits of up to $4,000. The idea behind the credits was to make EVs more affordable. That's important, because the average purchase price of a new EV is about $9,000 higher in the U.S. than the average new gas-powered car, according to Kelley Blue Book data cited by CBS News. Used EVs cost roughly $2,000 more than comparable gas cars, on average. An end to the tax credit will hurt Tesla — and Tesla shareholders — because it narrows the number of potential EV buyers. I Sold My Tesla: Rival EV Companies Will Get a Boost As Business Insider reported, one key provision in the new bill is that cars made by companies that sold more than 200,000 'accepted' EVs between December 31, 2009 and December 31, 2025 do not qualify for the tax credit. This provision will mainly impact Tesla, which sells a lot more cars than that in a single quarter. In contrast, rivals Rivian and Lucid have not reached the 200,000 milestone, meaning their customers can still get tax credits. This could give them an edge against Tesla, at least over the short term. Sales Could Decline Further Tesla's EV sales have already slumped badly this year. The company recently posted second-quarter car sales of 384,122 — down 13.5% from the previous year, CNN reported. It was the biggest year-over-year decline in Tesla history, and followed a similarly dismal first quarter. Trump's spending bill will likely hurt sales even further because buyers will no longer have the same tax incentives. This means they'll have to dish out more money to buy a Tesla than in the past. 'It's on Tesla to make the case for consumers to even slightly pay up today versus some other EVs,' Seth Goldstein, an equity strategist at Morningstar, told Business Insider. More From GOBankingRates 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years This article originally appeared on 3 Ways Trump's 'Big Beautiful Bill' Could Hit Tesla Investors Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
