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Carlos Alcaraz shows off fresh haircut during victorious first-round match at US Open | Tennis News

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Decked out with a new buzz cut, the world no 2 was in sparkling form against towering Reilly Opelka of the US.

Carlos Alcaraz is sporting a new buzz cut at the US Open, and while the cropped style is drawing a mixed reaction online, the Spaniard’s spectacular tennis is leaving no room for discussion as he dismantled Reilly Opelka 6-4, 7-5, 6-4 to reach the second round.

Having ditched his tousled pretournament look, the second seed made an impressive start on Monday in his quest to secure a second Grand Slam title of the year.

“I’ve got to ask the people if they like the new haircut or not. Did you like it, guys? I think they like it,” Alcaraz said on court in response to a question about whether he was moving faster on court with his new look.

“Today was a really difficult one,” he added.

“He really is a great and a really tough player with that serve. I couldn’t get the rhythm I wanted to get in the match, but I’m really happy with everything.

“The return was one of the best things today. I tried to play my best tennis, tried to be focused on the serve. Overall, I had a really great performance today.”

Alcaraz plays a forehand return to Opelka during their men’s singles first-round match in New York, US, August 25, 2025 [Kena Betancur/AFP]

The 22-year-old, who won the first of his five major trophies in New York three years ago, looked every bit like championship material against the 2.11-metre (6 feet 11 inches) Opelka as he broke for a 3-2 lead and clinched the opening set with ease.

Alcaraz wobbled on serve for the first time in the second set when he sent down consecutive double faults, but Opelka failed to convert both his break point opportunities.

After breaking Opelka in the 11th game, Alcaraz held to love for a 2-0 lead and turned up the heat in the ninth game of the third set, breaking again thanks to a foot fault and a wayward serve by his opponent.

“Nothing depends on you. It always depends on him,” Alcaraz said about the difficulty of playing the towering Opelka.

“The way he serves, the way he plays from the baseline, you just have to be focused, put as many returns as you can in and try to be in the rally and win the points he lets you win.

“It’s just difficult when you play someone who doesn’t let you play your game. It was a very difficult first round.”

Alcaraz held to love to complete the victory and set up a second-round encounter with Italian Mattia Bellucci, who went through after his Chinese opponent, Shang Juncheng, retired during their encounter earlier in the day.

Reilly Opelka and Carlos Alcaraz shake hands after match.
Alcaraz, right, greets Opelka following their men’s singles first-round match [Elsa/Getty Images via AFP]

KC Braeger, U.S. Nationals Qualifier, verbally commits to Stanford for 2026

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By Will Baxley on SwimSwam

Fitter and Faster Swim Camps is the proud sponsor of SwimSwam’s College Recruiting Channel and all commitment news. For many, swimming in college is a lifelong dream that is pursued with dedication and determination. Fitter and Faster is proud to honor these athletes and those who supported them on their journey.

KC Braeger, a backstroker and IMer from the Louisville area, has announced her verbal commitment to Stanford University for 2026-2030.

Braeger attends the Christian Academy – Louisville High School and competes for Lakeside Swim Club.

https://www.instagram.com/p/DBphRRkukEk/?utm_source=ig_web_copy_link

I’m so honored and happy to announce my verbal commitment to continue my athletic and academic careers at Stanford University! All glory to God for my abilities and for blessing me with my amazing family, coaches, friends, and teammates. Special thank you to coach Mike and all of the Lakeside staff and shoutout to Greg, Kim, and Katie for making this process the best! GO TREES

The current senior is on the up-and-up based on her performance this past season. Braeger competed at the 2025 U.S. Nationals in June, placing 29th in the 200 IM, 30th in the 400 IM, and 48th in the 200 back. More recently, she attended the NCSA Summer Championships, picking up a trio of runner-up finishes and personal best times: 200 back (2:12.37), 200 IM (2:16.91), and 100 back (1:02.07).

Her successful long course campaign followed an equally successful short course season. She hit best times in virtually every event in the short course season and won the KHSAA State title in the 200 IM (2:02.22).

At the 2024 Winter Juniors – East, Braeger swam the butterfly leg of her team’s victorious 200 medley relay in 24.35. Individually, she secured a 9th place finish in the 400 IM (4:13.03) and 10th in the 200 IM (1:59.09).

Braeger’s Best SCY Times

  • 400 IM — 4:13.03
  • 200 back — 1:55.29
  • 200 IM — 1:59.09
  • 100 back — 53.53

Stanford’s coaching staff worked excellently with another Lakeside IMer who joined the Cardinals – Brooke Forde. The 2022 graduate captured two individual NCAA titles during her time in Palo Alto and won an Olympic silver medal as part of the U.S. women’s 4×200 relay team.

For Braeger, she’ll look to be a conference contributor from the start. Her 400 IM time as a junior would be good enough to B final at the 2025 ACC Championships, while her 200 back time is C final worthy. Her 400 IM best sits over three seconds off a 2025 NCAA invite. On campus, she’ll have no shortage of elite competition to train with in these events, such as reigning 400 IM champion Caroline Bricker and backstroker Levenia Sim.

Joining Braeger in the class of 2030 is Clare Watson, who just made final appearances in the butterfly events at Junior Worlds, and Italian sprinter Tanni Stevanato.

If you have a commitment to report, please send an email with a photo (landscape, or horizontal, looks best) and a quote to Recruits@swimswam.com.

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Read the full story on SwimSwam: U.S. Nationals Qualifier KC Braeger Verbally Commits To Stanford For 2026

Trump claims that the U.S. holds significantly greater leverage over China in the magnet industry

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President Donald Trump said the U.S. has more leverage over China on trade than the other way around, citing airplane parts as a key item Washington has to counter Beijing’s restrictions on rare earths. 

“We have much bigger and better cards than they do,” he said Monday. “If I played those cards, that would destroy China. I’m not going to play those cards.”

China halted most shipments of rare-earth magnets to the U.S. in April, weaponizing the nation’s 90% grip on global production to squeeze American factories. Beijing agreed to normalize flows as part of a trade truce negotiated with the Trump administration, with shipments to the U.S. reaching a six-month high in July.

Beijing is sending a key trade negotiator to the U.S. this week, according to the Wall Street Journal, in what could indicate a resumption of talks between the two sides after they agreed on a pause in their dispute.

Trump praised China for “intelligently” identifying rare earths as a critical component for important industries and swiftly moving to establish a monopoly in their mining and processing. 

“We’re heavy into the world of magnets now, only from a national security standpoint,” Trump said. “But we have a powerful thing. It’s airplane parts and many Boeing jets.”

Trump said China had 200 jets that were unable to fly because the US wasn’t giving it Boeing parts due to Beijing’s policies on magnets. 

“I sent them all of the parts so their planes can fly,” the Republican said. “I could have held them back. I didn’t do that because of the relationship I have. And they’re flying.”

‘Great relationship’

Trump also spoke about an expected meeting hosted by Chinese leader Xi Jinping in the Asian nation. The US president repeated that he has a “great relationship” with Xi and said they spoke “fairly recently.” 

“At some point, probably during this year or shortly thereafter, we’ll go to China,” he said.

A preliminary handshake between Trump and Xi on the contours of a deal would be needed before any major summit between the two can happen, said Feng Chucheng, founding partner of Beijing-based Hutong Research. He pointed to the summit of the APEC group of Asia-Pacific countries in South Korea in late October as a possible venue. 

“Without a long-term settlement with the United States, the business confidence cannot meaningfully recover in China,” Feng added.  

Ultimately, the greatest asset the US has in negotiations are tariffs, Trump said, floating a potential tariff of up to 200% on China if it doesn’t supply magnets. 

But he added that he thought the issue “is behind us” and didn’t suggest China wasn’t providing enough magnets.

“If we want to put 100%, 200% tariffs on, we wouldn’t do any business with China. And you know, it would be OK too, if we had to,” he said. “But the magnet situation—we have tremendous power over them, and they have some power over us.” 

The president also implied substantial progress had been made toward developing domestic supplies, saying it “will take us about a year to have the magnets,” without being more specific. 

MP Materials Corp., the sole U.S. rare earths miner, plans to start commercial production of magnets later this year. But it’s expected to operate at modest levels of production prior to an expansion—part-funded by the Pentagon—over the rest of this decade.

Discover the Best of Ludington, Michigan

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This is a guest post by Raimee Iacofano from Raimeetravel.

Growing up in Michigan, Ludington was THE place to be. Every summer, my family would pack up the car, blast some classic rock (think Tom Petty, Fleetwood Mac, and the occasional Lynyrd Skynyrd singalong), and head west for beach days, lighthouse climbs, and the BEST Superman ice cream you’ll ever have. It was tradition for us each year because my grandparents called Ludington home.

As a kid, it felt like pure magic. Falling asleep to the sound of waves, chasing seagulls barefoot in the sand, and sticky fingers from melting cones that somehow always dripped down to my elbow. Ludington wasn’t just a vacation spot for us, it was a special place to make our family memories!

But then life happened. I grew up. Things changed. I started traveling the world, chasing new coastlines, and eventually moved across the country to California. My summers became less about beach towels and bonfires on Lake Michigan and more about airports, new countries, and ticking places off my bucket list.

And yet, Ludington was always tucked in the back of my mind. No matter how many cliffs I hiked in Ireland, or temples I wandered through in Asia, part of me wanted to come back. To see if it still held the same magic or if I’d outgrown it.

Finally, this summer, I returned for the first time in over a decade. And… WOW. Ludington is even more special now. It’s charming and peaceful, yet absolutely packed with things to do. If you’ve been sleeping on West Michigan (or Michigan in general), this is your official wake-up call.

I thought this trip would be a little nostalgic, maybe a quiet walk down memory lane. Instead, Ludington completely surprised me with rooftop dinners, breweries with fire pits, gorgeous hiking trails, and so many nearby adventures. Honestly, there’s so much here that you could stay for a week and still leave with a list of things for “next time.”

Here’s how I spent my time and everything I’d recommend if you’re planning your own trip to Ludington.

Things to Do in Ludington

things to see and do in ludingtonthings to see and do in ludington
1. Beach Days & Lighthouse Treks
First stop: Stearns Park Beach. It’s totally free and walkable from downtown, which I love. We set up with a ton of snacks, people-watched, and even played a little shuffleboard (yes, there’s free shuffleboard courts right by the beach!). The sand is soft, the vibe is laid back, and the water is that endless deep blue that makes you forget you’re not at the ocean.

If you’re up early, or willing to stay late, walk the breakwall to the Ludington North Breakwater Light. The lighthouse is stunning during both sunrise and sunset, and each gives the lake a completely different mood. Pro tip: if you head out around 9 a.m., you’ll catch the SS Badger, a historic coal-fired car ferry, making its way across Lake Michigan to Wisconsin. The tradition is to wave goodbye to the passengers onboard, and it feels like stepping into a moment straight out of small-town Americana.

For something more adventurous, head to Ludington State Park. It’s often called the “crown jewel” of Michigan’s state parks—and I get it now. Twenty-five miles of trails wind through forests, dunes, and beaches, with stops at both Lake Michigan and Hamlin Lake. The highlight? Hiking out to Big Sable Point Lighthouse. It’s about two miles each way, but the walk is gorgeous and the payoff is huge: a tall, striped lighthouse from the 1800s standing guard against the waves. It’s the kind of spot that makes you pause and think, “Wow, I can’t believe this is in Michigan.”

2. Museum Time (because I secretly love history)
One of my favorite travel quirks is that I always end up in at least one museum—no matter where I go. In Ludington, I found two gems:

  • Historic White Pine Village: An outdoor museum with over 30 historic buildings, from a one-room schoolhouse to an old-fashioned courthouse. Walking around felt like stepping back into a simpler time, and it gave me a whole new appreciation for Michigan’s roots.
  • Port of Ludington Maritime Museum: Perfect if you love Great Lakes history, lighthouses, or boats. It’s in a former Coast Guard station and has such a fun mix of interactive exhibits and vintage charm.

Bonus: both spots are super photogenic so bring your camera.

3. Water Adventures & Nature Fix
If you’re an outdoorsy person, Ludington is basically paradise. You can rent kayaks at Hamlin Lake for a peaceful paddle, or grab a pontoon boat if you want more of a party-on-the-water vibe. Paddleboards are another fun option—great workout, and you get a totally different perspective of the lake.

Not into water? There’s also mountain biking, disc golf, and plenty of hiking trails. Ludington really is the best of both worlds: small-town charm mixed with endless outdoor adventures.

Where to Eat & Drink in Ludington

The popular and semi-secret places to eat and drink in ludingtonThe popular and semi-secret places to eat and drink in ludington
I’ll be honest: I wasn’t expecting Ludington’s food scene to be this good. But WOW. From breakfast spots to breweries, I was seriously impressed.

Breakfast & Casual Bites

  • Café 106: Cozy and cute, perfect for brunch. Their omelets hit the spot after a morning walk.
  • House of Flavors: The most iconic ice cream shop in town. I grew up eating Superman here, but this trip I discovered Carrot Cake ice cream and let me tell you—it changed my life.
  • The Sandbox at Stearns Beach: Right by the water, serving gourmet sliders, seasoned fries, and ice cream. Perfect beach & chill food!

Dinner with a View

  • STIX: Near the state park, with a massive biergarten, live music, and even lawn games. It’s part-restaurant, part-entertainment hub.
  • Blu Moon Bistro: Adorable rooftop patio with seasonal dishes. This is where I had the best Reuben sandwich of my life (and I don’t say that lightly).
  • Jamesport Brewing Co. & Ludington Bay Brewing: Two great breweries with outdoor patios—perfect for golden hour.
  • The Perch on Hamlin Lake: A newer spot perched (literally) on a bluff overlooking the lake. Come for dinner, or just grab cocktails on their lower-level patio. Bonus: you can even arrive by boat.

Something Sweet + Coffee

  • Kilwin’s: Fudge + chocolates = heaven.
  • Red Rooster Coffee: Cozy, friendly, with iced lattes that hit the spot after a hot day.
  • HumaniTea: If you’re a tea drinker, or just need a reset between activities, this place is perfect.

Where to Stay in Ludington

where to stay in ludingtonwhere to stay in ludington
There’s a vibe for every type of traveler here.

  • Camping: Ludington State Park has beautiful campgrounds that keep you close to nature.
  • Downtown: Stay at a historic inn, hotel, or B&B for easy access to beaches and restaurants.
  • Lakefront: For something special, look at Hamlin Lake rentals. I stayed at Sunset Bluff Resort, and it was perfect.

We had a little yellow A-frame house with cozy cabin vibes but all the essentials. The best part? A private fire pit right by the water. Every night, we roasted s’mores, watched cotton candy sunsets, and cracked open local beers from Ludington Bay Brewing. It was the kind of place that instantly melts the stress away and makes you feel like you’re exactly where you’re supposed to be.

Best Local Shops in Ludington

The popular and semi-secret Ruin Bars of Budapest, Hungary
I always carve out time to wander through local shops when I travel—it’s one of the best ways to get a feel for a town. In Ludington, I found some gems along Ludington Avenue and South James Street:

  • Sexy Nomad: My favorite! A beautifully curated shop with vintage clothing, Moroccan jewelry, ceramics, and handmade treasures. It felt like stepping into a global market—but right here in Michigan.
  • Sister Bees: Women-owned and full of natural skincare, beeswax products, and Michigan honey. Such a thoughtful place for gifts.
  • The Windowsill Used & New Books: Cozy, welcoming, and filled with great reads. I picked up a romantasy novel (obviously). The staff was so kind, and it reminded me why I always stop at indie bookstores when I travel.

Coming back to Ludington as an adult was like re-reading a childhood book and discovering new magic between the lines. It felt grounding, nostalgic, and fresh all at once. There’s something powerful about revisiting the places that shaped you and realizing they’re just as beautiful—sometimes even better—than you remembered.

If you’ve never been to West Michigan, or it’s been a while, put Ludington at the top of your list. It’s a small town with a big heart, stunning landscapes, and a community that makes you feel right at home.

Trust me! I’m already planning my next trip back. And maybe, just maybe, it’ll become a tradition again.

For more planning info, check out PureLudington.com.

Raimee Iacofano grew up in Michigan. Eight years ago, she set off to travel the world and has worked helping creators improve their social media (she even worked for me for a few years). She’s since started her own enterprise helping people travel smarter and off the beaten path. When she’s not roaming the world, she lives in LA. Follow her amazing videos on Instagram and TikTok and download her free guides on her website, Raimeetravel.

Book Your Trip: Logistical Tips and Tricks

Book Your Flight
Find a cheap flight by using Skyscanner. It’s my favorite search engine because it searches websites and airlines around the globe so you always know no stone is being left unturned.

Book Your Accommodation
You can book your hostel with Hostelworld. If you want to stay somewhere other than a hostel, use Booking.com as it consistently returns the cheapest rates for guesthouses and hotels.

Don’t Forget Travel Insurance
Travel insurance will protect you against illness, injury, theft, and cancellations. It’s comprehensive protection in case anything goes wrong. I never go on a trip without it as I’ve had to use it many times in the past. My favorite companies that offer the best service and value are:

Want to Travel for Free?
Travel credit cards allow you to earn points that can be redeemed for free flights and accommodation — all without any extra spending. Check out my guide to picking the right card and my current favorites to get started and see the latest best deals.

Need a Rental Car?
Discover Cars is a budget-friendly international car rental website. No matter where you’re headed, they’ll be able to find the best — and cheapest — rental for your trip!

Need Help Finding Activities for Your Trip?
Get Your Guide is a huge online marketplace where you can find cool walking tours, fun excursions, skip-the-line tickets, private guides, and more.

Ready to Book Your Trip?
Check out my resource page for the best companies to use when you travel. I list all the ones I use when I travel. They are the best in class and you can’t go wrong using them on your trip.

Intensity of Exercise Enhances Digestion and Gut Health

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We know by now that exercise is good for the body and mind at any age, but new research has found that your workouts may be helping in a less obvious place too: inside your gut. It’s yet another sign that the gut microbiome is central to overall health.

Researchers at Edith Cowan University (ECU) have found that not just exercise but the intensity of the workout changes the community of microbes living in the digestive tract, providing the kind of environment ideal for influencing overall health.

“Based on previous research, it appears that athletes have a different gut microbiota when compared with the general population,” said researcher Bronwen Charlesson. “This includes greater total short chain fatty acid concentrations, alpha diversity, an increased abundance of some bacteria and a lower abundance of others.”

While you don’t need to be an elite athlete to reap the potential benefits, the study focused on 23 high-performance rowers who had their microbiome sampled during periods of intense training before a national competition, and again when they were in the “off season” and training far less. Training duration was almost 150% more intense and 130% longer in the intense period.

What the scientists found was that during the intense period, the rowers across the board had higher levels of short-chain fatty acids (SCFAs) – particularly butyrate and propionate, which are linked to gut lining health, reduced inflammation and energy metabolism. Butyrate rose from 64 mmol/L during rest to 105 mmol/L in high training, while propionate increased from 91 mmol/L to 121 mmol/L.

During the intense training period, the rowers had more frequent bowel movements, with 92% of the cohort going to the bathroom within a 24-hour window throughout this time, showing that their digestion had sped up as their workout efforts had risen.

And levels of Bacteroidota (a group associated with breaking down complex carbohydrates) had increased, while the ratio of Firmicutes to Bacteroidota dropped significantly in the high-training phase. This ratio is important – a higher Firmicutes/Bacteroidota ratio has been associated with weight gain and less efficient metabolism, while a lower ratio – aka more Bacteroidota – tends to correlate with leanness and better metabolic outcomes. (It’s worth noting that this is still an emerging area of study.)

One explanation for the change, the researchers suggest, has to do with lactate produced in muscles and transported to the gut to be metabolized. Intense exercise raises lactate levels, and certain microbes can feed on lactate, converting it into SCFAs like butyrate and propionate. In the process, they also help buffer gut acidity, keeping pH at a healthy level for other microbes to thrive. So, in a sense, pushing yourself harder in training may be “feeding” your gut microbes in ways that promote better health.

During the off-season, while the rowers’ total intake of carbs, protein, and fiber stayed roughly the same, their diet quality dropped: fewer fruits and vegetables, more take-out, and a little more alcohol. This decline was captured in their Athlete Diet Index scores, which fell from 55 to 49 when training loads dropped.

The athletes had less frequent bowel movements (around half fell out of that 24-hour window), and the slower digestion was reflected by a decrease in beneficial SCFAs and a drop in Bacteroides – this genus of microbes plays a key role in breaking down complex carbohydrates and fiber and making the SCFAs that help stimulate gut motility. And while the participants’ guts actually increased in microbial diversity, the groups that increased were not necessarily beneficial ones.

Essentially, during this period, the gut community looked less metabolically active – and possibly less supportive of overall good health.

“During low training load times, or periods of rest, athletes are often more relaxed about their diets, in this study we saw no change in total carbohydrate or fiber intake during period of rest but we did observe a decline in the diet quality of food eaten,” said Charlesson. “This decline was related to increases in processed fast foods, decreases in fresh fruit and vegetables and a moderate increase in alcohol intake. These changes did impact the composition of the gut microbiome.

“Another observation made during the research was the significant slowing of gut transit times in athletes during low training loads,” she added. “That slowing of transit time during the low training load appears to also be impacting the gut microbiome.”

Of course, food and alcohol intake play a major role in shaping the gut microbiome, and the athletes in this study did let their diets slip when training loads eased off. This does make it more challenging to isolate the role of intense workouts in changing microbial populations. But the fact that the positive changes also lined up with training intensity, stool transit time, and lactate metabolism suggests that exercise itself – not just what was consumed – may directly influence how the gut community functions.

So what can non-athletes take away from this research? Whether you’re hitting the gym, cycling to work, or just upping the pace of your daily walks, vigorous movement may help fuel your gut health and support smoother digestion. While more research is needed to untangle exactly how exercise interacts with the microbiome, this study provides evidence that training intensity itself plays a role. And as the gut is increasingly recognized as a major player in overall health, it adds a new dimension to the long list of benefits that come from working out.

The study was published in the Journal of the International Society of Sports Nutrition.

Source: Edith Cowan University

Trump demands the removal of Federal Reserve governor Lisa Cook

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President Donald Trump has said he will immediately remove Federal Reserve official Lisa Cook from her position, a major escalation in his battle against the US central bank.

In an announcement made on his social media platform Truth Social, Trump posted a letter addressed to Cook in which he informed her of his decision to remove her from the bank’s board of governors with immediate effect.

He said there was “sufficient reason” to believe she had made false statements on mortgage agreements, and cited constitutional powers which he said allowed him to remove her.

In response, Cook has said Trump has no authority to fire her and she will not resign.

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said in a statement.

“I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022,” she added.

“We will take whatever actions are needed to prevent [Trump’s] attempted illegal action,” Cook’s lawyer, Abbe David Lowell, said.

The Federal Reserve has not yet commented on the president’s announcement, which he made late on Monday.

Trump has put increasing pressure on the Fed – especially its chair Jerome Powell – in recent weeks over what he sees as the central bank’s unwillingness to lower interest rates. He has repeatedly floated the possibility of firing Powell.

His decision to fire Cook, who is one of seven members of the Fed’s board of governors and the first African American woman to serve in the role, is believed to be unprecedented in the central bank’s 111-year history.

It is also likely to raise legal questions, with experts suggesting the White House will need to demonstrate – potentially in court – that it had sufficient reason to fire her.

According to Trump’s letter, Cook signed one document attesting that a property in Michigan would be her primary residence for the next year.

“Two weeks later, you signed another document for a property in Georgia stating that it would be your primary residence for the next year,” the president said.

“It is inconceivable that you were not aware of your first commitment when making the second,” he wrote.

The president had called for her resignation last week over the allegation of mortgage fraud, which was first made in a public letter from housing finance regulator, Bill Pulte, a Trump ally, to Attorney General Pam Bondi.

The housing finance regulator called the letter a “criminal referral” and urged the justice department to investigate. It is not clear whether an investigation has been opened.

Cook told the BBC in a statement last week that she learned of the allegations from the media, and the matter stemmed from a mortgage loan application she made four years ago before she joined the central bank.

“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” she said.

“I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts.”

If Cook or the Fed resist Trump’s decision to oust her, experts suggest it could trigger a standoff between the central bank and the White House. The Fed gained independence from the US government in 1951.

Trump has expressed increasing animosity at Powell, calling him a “numbskull” and a “stubborn moron” because he did not support the president’s calls for rapid, large cuts to borrowing rates.

But last week, Powell boosted expectations that there will be an interest rate cut in September. Speaking to central bankers gathered in Jackson Hole, Wyoming, he also argued that the inflationary impact of Trump’s tariffs could prove temporary.

The US dollar weakened against major world currencies in Asia trading on Tuesday as investors bet that Cook’s replacement would be likely to push for more interest rate cuts.

Triller receives Nasdaq delinquency notice for missing financial filing deadlines, granted extension

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Triller Group has secured additional time from the Nasdaq Stock Market to file overdue financial reports after receiving a delinquency notice for missing three consecutive quarterly filings.

The Los Angeles-based viral music video app operator on Friday (August 22) said it failed to submit its annual 10-K report for the year ended December 31, 2024, along with quarterly 10-Q reports for the periods ending March 31 and June 30, 2025.

Under Nasdaq’s listing rules, companies have to file these reports on schedule with the Securities and Exchange Commission.

Nasdaq initially flagged the violations on August 19, sending Triller a delinquency notification letter.

That same day, the exchange granted the company an extension until October 13 to bring its filings up to date. Missing the deadline could result in delisting from the stock exchange.

Triller on Friday said: “The Company is working diligently to complete its Delinquent Filings and expects to file its Delinquent Filings as soon as practicable.”

The filing delays signal ongoing challenges at Triller. In March, Triller, dubbed as TikTok’s rival, was sued by Merlin, the digital music licensing group for indie labels, distributors, and other rightsholders, over allegedly violating a licensing agreement signed in 2020.

Merlin says it found out via a previous lawsuit against Triller (filed in 2022) that the short-form video platform had offered higher fees to another record company.

While Merlin didn’t indicate the other music company, reports in August 2022 suggest that it was Sony Music Entertainment. The music giant sued Triller at the time, alleging non-payment of “millions” of dollars in licensing fees for Sony-owned music used on the platform.

In 2023, Triller was also sued by Universal Music Group over unpaid licensing fees. In late 2024, a hedge fund owned by investment manager Yorkville Advisors sued Triller over an allegedly unpaid debt of $33.5 million. That debt had been taken on by AGBA, which merged with Triller in October 2024, making Triller a publicly traded company on the Nasdaq.

The latest Nasdaq warning follows years of efforts by Triller to go public. Its efforts included a proposed SPAC merger with SeaChange International, targeting an initial valuation of $5 billion, in 2022.

When that fell through, the company then aimed for a direct listing, in what it said would be “the largest creator IPO in history.”

That, too, failed to materialize, and the company launched yet another bid in 2023 before announcing the AGBA merger in April 2024.

As MBW previously reported at the time when the company went public, both of businesses that comprise Triller Group — AGBA and Triller – showed signs of financial strain before the merger. In the first half of 2024, AGBA reported a 55.8% YoY drop in revenues, weighed down by a steep drop in commissions, which it attributed to “the economic recession [in China] and outward migration in Hong Kong.”

Meanwhile, in an SEC filing published before its planned IPO, Triller revealed that it owed music rightsholders $23.6 million in unpaid fees. The company, which had raised more than $420 million from investors, had less than $1 million in cash and cash equivalents on hand at the time it went public.

Shares of Triller closed 5.8% higher on Friday (August 22), reaching a market cap of $95.44 million. Year-to-date, its shares fell 79%.

Music Business Worldwide

Russia-Ukraine war: Key events on day 1,279 | Latest updates on Russia-Ukraine conflict

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Here are the key events on day 1,279 of Russia’s war on Ukraine.

Here is how things stand on Tuesday, August 26:

Fighting

  • An 82-year-old woman was killed and three people were injured in a Russian attack on Kupiansk city, in Ukraine’s Kharkiv region, Governor Oleh Syniehubov said.
  • Russian attacks killed one person and injured three others in Ukraine’s Donetsk region, Governor Vadym Filashkin said.
  • Russian drones and artillery fire injured a rescue worker and damaged a fire truck in the Nikopol region of Ukraine’s Dnipropetrovsk region, according to Governor Serhiy Lysak.
  • A Ukrainian drone attack killed one person and injured two others in the Russian-occupied Ukrainian region of Luhansk, Russia’s state TASS news agency reported.
  • TASS also reported that Russian forces shot down 151 Ukrainian drones and four aerial bombs, and destroyed two missile launchers, in one day.
  • One person was killed and two others injured in Ukrainian attacks on the Russian-occupied Ukrainian Kherson region, the Russian-appointed governor, Vladimir Saldo, wrote in a post on Telegram.
  • Russia’s Ministry of Defence said its forces captured the settlement of Zaporizke in Ukraine’s Dnipropetrovsk region.

 

Peace talks

  • Germany will take part in providing security guarantees for Ukraine alongside European partners, but the talks are at an early stage and must be shaped by Kyiv, German Vice Chancellor Lars Klingbeil said on Monday, while visiting the Ukrainian capital.
  • Asked why Russia President Vladimir Putin appears reluctant to sit down for peace talks with Ukrainian President Volodymyr Zelenskyy, US President Donald Trump told reporters it is “because he doesn’t like him”.
  • “The one I thought would be the easiest, frankly, was Russia and Ukraine. But it turns out there are some big personality conflicts,” Trump said.
  • Putin spoke on the phone with Iranian leader Masoud Pezeshkian and discussed his meeting with Trump in Alaska, the Kremlin press service said, according to the RIA Novosti news agency.
  • “Masoud Pezeshkian expressed support for the ongoing diplomatic efforts aimed at a peaceful resolution of the Ukrainian crisis,” the Kremlin said.

Ukraine aid

  • Speaking at a news conference with Norwegian Prime Minister Jonas Gahr Store in Kyiv, Zelenskyy said that Ukraine aims to raise “no less than $1bn every month”, towards buying weapons from the United States to be used in the war.
  • Polish President Karol Nawrocki vetoed a bill that would have extended financial support to Ukrainian refugees, potentially also jeopardising Ukraine’s use of Starlink, according to Polish Deputy Prime Minister Krzysztof Gawkowski.
  • “This is the end of the Starlink Internet, which Poland provides to Ukraine, which is waging war. This is also the end of support for storing Ukrainian administration data in a safe place,” Gawkowski, who is from a different political party than Nawrocki, wrote on X. Russia launched a full-scale invasion of Ukraine in February 2022.

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Mexican drug lord ‘El Mayo’ pleads guilty

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Mexican drug lord, Ismael ‘El Mayo’ Zambada, has entered a guilty plea to two drug smuggling and conspiracy charges in a court in New York, bringing an end to one of the longest and most notorious criminal careers in the history of organised crime.

Zambada was not just any drug lord.

He was the founder of the Sinaloa Cartel, for years the biggest and most powerful criminal organisation in Mexico – with an astonishing global reach.

Last year, he pleaded not guilty to a raft of drug smuggling, gun-running and money laundering offences. But now, he has changed his plea before a federal judge in Brooklyn.

In doing so, he officially accepted his role in creating the vast criminal network which has sent huge amounts of cocaine and other drugs into the US since he co-founded the cartel at the end of the 1980s.

The Associated Press reported that in court Zambada apologised for his actions.

“I recognise the great harm illegal drugs have done to the people in the United States and Mexico,” he said through a Spanish-language interpreter, the AP reported. “I apologise for all of it, and I take responsibility for my actions.”

Local Mexican media has also said that Zambada admitted “the organisation that I headed fed corruption in my country by paying police, military commanders and politicians who allowed us to operate freely.”

The step comes weeks after US prosecutors confirmed they would not be seeking the death penalty against the 77-year-old Mexican kingpin.

Zambada was arrested in Texas last year following an extraordinary double-cross by the sons of his former ally, the jailed co-founder of the Sinaloa Cartel, Joaquín ‘El Chapo’ Guzmán.

El Chapo was sentenced to life imprisonment in the same court in 2019.

After his arrest, the cartel splintered into two main factions: one led by El Mayo, and its rival, led by Guzman’s sons, known as ‘Los Chapitos’. The conflict between the two sides continues to rage, particularly in the state of Sinaloa itself.

In late July 2024, Zambada was allegedly lured to a meeting with one of El Chapo’s son, Joaquín Guzmán López.

Initial reports suggested Guzmán López then duped his rival into boarding a light aircraft, but Zambada later claimed he was ambushed and overpowered by Los Chapitos, and forcibly removed to Texas.

US law enforcement officials were waiting for the aircraft when it landed near El Paso and both men were immediately taken into custody.

By entering a guilty plea, Zambada is expected to receive a more lenient sentence. In his late 70s and reportedly in poor health, he may have reasoned that it was futile to continue to claim his innocence, especially given Guzmán’s conviction and life sentence in 2019.

“El Mayo will spend the rest of his life behind bars. He will die in a US federal prison where he belongs,” US Attorney General Pam Bondi told reporters.

It was confirmed last year that both the Guzmán sons – Joaquín and his younger brother, Ovidio – were negotiating plea bargains with the US government.

In May, 17 members of the Guzmán family were escorted into the US by officials. Last month, Ovidio pleaded guilty in Chicago to multiple charges of drug smuggling and involvement in a continuing criminal enterprise.

At his height, Zambada was probably the most powerful drug lord in the world.

More shadowy than other kingpins – particularly El Chapo whose escapes from prison in 2001 and 2015 made headlines around the world – Zambada was no less ruthless or calculating.

For some five decades, he successfully evaded arrest or capture. During that time he oversaw the transport of vast quantities of heroin, cocaine and methamphetamine into the US via land, sea and air.

Now, in a US courtroom, one of the most enduring names in global drug trafficking has accepted his role at the top of the one of the biggest and most sophisticated criminal networks in the world.

He is due to be sentenced in January 2026.