Trump Organization faces fresh scrutiny as legal, financial and political controversies reverberate around the Trump family and their businesses.
A US federal judge has sanctioned Trump’s lawyers and referred one attorney to state bars amid questions over an $1.8 billion fund linked to a settlement in the president’s IRS lawsuit. The ruling casts the case as improper and possibly strategic rather than a genuine dispute.
Kies has left his roles as assistant Treasury secretary and acting IRS chief counsel. Reports indicate he warned White House officials against directing audits, triggering Democratic concerns that officials interfered with tax enforcement. The White House says Kies was not a team player amid questions about a settlement that could shield Trump from probes.
The BBC seeks documents from Trump’s trust to prove possible financial damages tied to a Panorama edit of January 6, while Trump’s side fights to limit disclosures. The Florida case hinges on discovery and whether the footage edits caused reputational and financial harm.
Capital One has disclosed that its decision to close more than 300 Trump-affiliated accounts followed an anti-money laundering review. The bank argues the closures were based on internal analysis and regulator guidance, not political motivations, in a case the Trump Organization is trying to dismiss in Florida federal court.
Todd Blanche has been confirmed as attorney general in a 50-49 vote, ending weeks of Republican opposition surrounding the handling of Epstein documents and an anti-weaponization fund. Cassidy voted in favor; Collins and Murkowski opposed. Blanche will lead the DOJ, continuing the department’s alignment with the White House while facing scrutiny from survivors and critics.
Lawmakers have advanced a stopgap funding package to keep the government running through Dec. 11, while negotiations over full-year funding and policy riders continue. The measure blocks funding transfers to border enforcement, delays a hemp ban by one month, and avoids a government shutdown ahead of midterm elections.
Blanche secures confirmation as U.S. attorney general after Republicans accept a written order clarifying that the nearly $1.8 billion anti-weaponization fund has been terminated. The order also narrows the scope of a tax-audit immunity deal to cover only the plaintiffs named in the IRS settlement, while leaving the broader immunity in place.
Todd Blanche has been confirmed 50–49 as U.S. attorney general and sworn in at the White House. He has served as acting attorney general since April, previously represented the president, and has rescinded a proposed $1.8bn compensation fund while facing criticism that he is politicising the Justice Department and presiding over mass departures.
The BBC has asked a Florida federal court to allow subpoenas to be served on Donald Trump Jr., Ivanka Trump and Jared Kushner in President Trump’s $10bn defamation suit over a 2024 Panorama edit. The BBC says the trio have "personal knowledge" about the January 6, 2021 speech; Trump’s lawyers argue service is blocked by Secret Service protection and call the effort politically motivated.
Berkshire Hathaway has expanded its Alphabet stake and outlines how it plans to use energy assets to support hyperscale computing, while facing renewed community resistance to data-centre projects. Abel says Berkshire will sell energy to AI customers only if it wouldn’t raise costs for other customers, and Buffett’s Alphabet investment continues to loom large as AI reshapes the portfolio.
Global markets show a sharp reversal as momentum stocks lose ground in July after AI-driven gains earlier in 2026. Chipmakers weaken, biotech surges on Moderna news, and investors reassess valuations as sector rotations intensify amid a choppy August.
Hunter Biden’s $LAPTOP meme coin has collapsed after a volatile debut. Despite headlines and a planned burn, liquidity issues and a string of rapid price swings have left many investors facing sharp losses as the token trades well below its peak.
U.S. President Donald Trump has said he would “love to see” a united Ireland and that reunification “will happen eventually,” remarks made in Dublin during a visit that has provoked mixed reactions across political camps. He added that unification would be a “fantastic” development and that the UK would have a say in the process. Irish Prime Minister Micheál Martin has urged calm, while British and Northern Irish politicians have offered varied responses.
ProPublica has reported that Umar Kremlev, a Russian boxing official with ties to President Vladimir Putin, has paid hundreds of thousands of dollars toward Donald Trump Jr.'s May wedding weekend in the Bahamas, covering an island rental and a fireworks show. Rep. Robert Garcia has opened a congressional inquiry and asked the White House and Trump Jr. for records.