Municipality and largest city of Alaska, population hub
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
The Federal Reserve has kept the benchmark rate steady in a nine-to-three vote, amid persistent inflation above the 2% goal. Dissenters argue for earlier tightening, while others urge patience; investors await July inflation data to gauge the path for policy.
The White House has told Federal Reserve Governor Adriana Cook that the president is "considering" removing her and has given her until Aug. 26 to answer mortgage-fraud allegations. The letter, signed by Dan Scavino and dated Aug. 5, revives claims first raised in 2025 after the Supreme Court this year blocked an earlier firing attempt.
A civilian-contracted Cessna 441 has crashed near Cape Newenham LRRS Airport west of Anchorage. Investigators have confirmed two pilots and six passengers were on board and rescuers have found no survivors. The aircraft had departed Ted Stevens Anchorage International Airport and was bound for the remote radar site; the NTSB and FAA are investigating.
Alaska’s primary has reshaped the general elections, with Dan J. Sullivan secured a spot in the Senate race amid questions about ballot naming and party alignment. Mary Peltola and Dan S. Sullivan are leading the Senate race, while Nick Begich and Bill Hill vie for other key contests. The primary results hinge on ranked-choice counting and post-election counting.
A teenage survivor has been pulled from a capsized fishing skiff off St. Lawrence Island after days at sea. He has survived with no food or water, while his brother and cousin did not. Rescue crews and a nearby vessel provided warmth and care as authorities investigate the capsize.
Philadelphia District Attorney Larry Krasner and an aide have been referred for investigation over testimony alleging pressure on staff in a 2009 murder case. A federal judge ordered removal from the Johnson case and flagged potential misconduct by Krasner and Stiegler. Alaska prosecutors say voter-misconduct charges could not be proven beyond a reasonable doubt.
The Alaska Division of Elections has blamed a mail-delivery delay for ballots not arriving in seven communities, including Kotzebue, Igiugig and Naknek. Absentee in-person ballots are rerouted to Anchorage to improve processing, while officials work with the U.S. Postal Service to address timing concerns ahead of Election Day.
Leaders are invited to a December G20 summit in Miami, with Putin potentially attending. Rubio says the invitation aims to foster dialogue, while Moscow signals consideration. Reactions from Europe warn of risks to peacemaking amid Russia’s war in Ukraine.
The Justice Department has sued Alaska, asking a federal judge to prevent certification of the states U.S. Senate results if incumbent Sen. Dan S. Sullivan loses by a margin smaller than votes for another ballot candidate, Daniel J. Sullivan. Mary Peltolas campaign and voting rights groups have moved to intervene and asked the court to dismiss or fasttrack the case before Nov. 3, 2026.
Mary Peltola has sustained minor injuries after a vehicle collision while traveling to the Alaska Federation of Natives banquet. Campaign says she is in good spirits and will reschedule events as medical professionals advise. The Alaska race remains a toss-up as candidates pursue support ahead of the November election.