Employers added 73,000 jobs in July, falling short of forecasts

A shooting at The Owl Bar in Anaconda, Montana, has left four people dead, with the suspect, Michael Paul Brown, still at large and considered armed and dangerous. Authorities are urging residents to stay indoors while law enforcement, including the FBI, conducts a manhunt assisted by drones. Want More Context? 🔎

The Smithsonian's National Museum of American History has removed references to President Donald Trump's two impeachments from its "Limits of Presidential Power" exhibit, reverting to its 2008 version while planning future updates to include all presidential impeachments. Currently, the exhibit only mentions the impeachments of Andrew Johnson, Richard Nixon, and Bill Clinton, with Trump being the only president impeached twice. Want More Context? 🔎

The EPA's plan to roll back greenhouse gas regulations, while claiming $54 billion in annual savings for Americans, is projected to increase gasoline prices and result in a loss of nearly 450,000 jobs by 2035. The U.S. Energy Information Administration indicates that rescinding Biden-era fuel efficiency standards will also lead to significantly lower fuel efficiency in vehicles, raising costs for consumers and businesses. Want More Context? 🔎

President Trump criticized the Bureau of Labor Statistics (BLS) after firing commissioner Erika McEntarfer, echoing his long-standing skepticism of job reports since 2016. He alleged that recent downward revisions of job statistics indicated manipulation, despite the BLS regularly updating figures based on new data; this move has raised concerns about the integrity of federal statistical independence. Want More Context? 🔎

President Trump's executive order increasing tariffs on U.S. imports may lead to higher consumer prices and uncertainty for businesses, with tariffs starting at 15% for most countries and potentially exceeding 40% for others. Economists warn that this could raise costs for common imports like clothing and appliances, potentially averaging $2,048 annually for Americans, while the White House claims these measures will bolster American manufacturing and exports. Want More Context? 🔎

The Midtown Manhattan office shooter, Shane Tamura, fired 47 rounds from an M4-style rifle, killing four individuals before taking his own life; police recovered numerous shell casings and additional firearms from his vehicle. Investigators are seeking a motive, suggesting Tamura aimed for the NFL headquarters but mistakenly entered a different office on the 33rd floor. Want More Context? 🔎