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Finally, the Giants found a way to beat the Diamondbacks — and get their bats going, too.

Ciarre Campbell, who is two years older than Calais Campbell, was said to have been diagnosed with multiple mental illnesses.

Altadena fire survivors scored a double victory this week.

“Sadly, they were both found dead… side by side, together until the very end,” the families of Skarlent Rodríguez and her boyfriend said.

One concertgoer drove more than six hours from Nova Scotia to attend the show.

One concertgoer drove more than six hours from Nova Scotia to attend the show.

Damned if they don’t keep checking off boxes and breaking down doors. 

The Dodgers let Triple-A pitcher Charlie Barnes wear it in a seven-inning, seven-run outing as they prioritized the big picture in a loss to the A's.

Adina Hodges, 37, allegedly submitted fraudulent bank records, pay stubs, and an employment verification letter to secure her new digs.

The Michigan House of Representatives voted unanimously to pass a bill allowing minors to run lemonade stands without the burden of permits and licensing fees.

What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets

South Korea’s won weakened for a fourth day as overseas investors accelerated their relentless sales of local stocks.

In response, USD/KRW rose 0.1% to 1,552.60, extending its four-day gain to 1.2% (i.e. KRW drop).

According to Barclays, pressure from both resident outflows and more recently in the case of Korea, heavy foreign outflows, could pose further headwinds even as exports performance remains robust and domestic equities extend their bubble. 

Let's take a closer look at what's driving the key moves in Korea.

Why was USDKRW higher?

Other than stronger USD, Goldman has been highlighting that rebalancing related equity outflow has been the dominating factor. Equity outflow from Jun 22nd till month-end amounted to US$18bn, bringing total Jun equity outflow to US$30bn. This follows the US$27bn outflow observed in May. As of today, Samsung and Hynix are 32% and 30% of MSCI Korea respectively, which are 7% and 5% above the 25% single stock limit. A combined 12% rebalancing effort would lead to another US$24bn outflow with US$200bn AUM (passive and active) estimated tracking MSCI Korea.

Additionally, other portfolio concentration limits such as UCITS and HF internal concentration limit rule are also likely to be driving the rebalancing related outflows. In terms of timing, some fast money rebalancing is relatively real time, while many real money and passive investors may rebalance at quarter-ends which led to more concentrated outflows.

FX hedging need by foreign investors drove RHS USDKRW demand. Goldman estimates average foreigners’ FX hedging ratio for Korean equities to be 10-15%, and the hedging mainly happens in offshore NDF market. As of March-end, foreigners’ exposure to Korean equities was US$1tn. Due to the 68% expansion in market cap in KOSPI in Q2, the associated FX hedging need rose by an estimate of US$68-US$102bn (US$1000*68%* 10-15%) during the quarter. This has led to sharp increase in RHS NDF hedging demand, some of which concentrated at quarter end as well. 

Other than above-mentioned hedging dynamics, FX hedging demand by USD-denominated total return swaps with leveraged equity underlying provided to offshore clients by local security houses via intermediaries also likely added to FX hedging demand in NDF market, especially as equity marketcap expanded quickly in Q2.  

Why did liquidity tighten?

• Sharp rise in borrowing by securities firm was likely the main driver behind tighter onshore liquidity. Surge in onshore retail margin trading and leveraged single-stock ETFs caused sharp rise in funding needs of local securities firms. In particular, with leveraged ETF, the need to post futures margin for hedging positions for securities firms drove the borrowing demand.

• Local news reported securities firms’ commercial paper and short-term bonds issuances exceeded KRW100tn each month and accounted for 80% of short-term bond issuance in recent months.

• Decline of collateral value for securities firms facing offshore counterparties worsens the liquidity situation. When local securities firms face offshore intermediaries on total return swaps, they not only have rising needs to post margins from underlying stock advance, but also from declining collateral value as KRW FX depreciated and KTB sold off. These dynamics further increased securities firms’ margin requirement in KRW terms, which in turn added to their local borrowing demand. Similar situation happened in late 2022 with KRW and KTB sold off sharply at the same time during BOK hiking cycle. Looking forward, local news reports Samsung securities plans KRW600tn short-term issuance in Jul, indicating such liquidity tightness is unlikely to ease. 
• Forthcoming BOK hike (starting in Jul per GIR base case) likely also added to the expectation of higher funding costs ahead.
• Goldman has observed widening of spread between NDF curve offshore and onshore FX swap. This could be a result of unwinding onshore-offshore arbitrage positions as RHS hedging demand caused sharp surge in NDF points. 

 
Looking ahead, if Korean equity continues to charge higher in a volatile fashion, combined with likely BOK hikes, Goldman thinks such liquidity environment is likely to stay or tighten further. Thus NDF points are likely to stay elevated and the bank prefers pay on dip. In a strong USD environment, KRW FX pressure is unlikely to ease from external forces, which does not help NDF points to fall either. On the other hand, if Korean equities fall meaningfully, NDF points may retrace, as smaller notional exposure to Korean equities by foreigners (either direct or leveraged) would reduce the associated FX hedging.

On FX spot, it is much harder to see sustained equity inflow in the short term: If Samsung/Hynix continue to lead KOSPI higher, equity rebalancing related outflow would further dominate; if equities fall, broad-based outflow is likely to follow which is likely to offset the positive FX impact from unwind of RHS hedging. Only when equities fall substantially so that Samsung & Hynix’s market cap fall under the concentration limits, a recovery from there may attract inflows.

Thus equity outflow may continue to weigh on KRW in the near future.

As market unwinds debasement trades and USD remains resilient, Goldman expects USDKRW may further rise gradually, with authorities’ various smoothing efforts help to limit the speed of KRW depreciation. Although Korean exporter USD selling is expected to rise as export grows organically and domestic capex expands, given current exporter conversion is already relatively high, Goldman expects large and volatile equity related flows to remain dominant for USDKRW path ahead. 

Tyler Durden Thu, 07/02/2026 - 00:41

For Egor Dëmin, the offseason checklist is simple, if not easy.

The excitement of Wednesday’s 2-0 win for the U.S men’s national team was too much for him to handle. 

A 12-year-old boy was walking with his mother near Blossom Avenue and Main Street in Flushing around 9 p.m. on June 18 when the random attack unfolded, according to cops and sources.

An unexpected fire forces an iconic Disney ride to shut down after thick smoke filled the room.

Adversity has come very early for St. John’s — several months before the Johnnies’ first game of the 2026-27 season.

Several critics questioned how they're expected to suffer in their nearly 80-degree homes while Times Square is illuminated 24/7, soaking up massive amounts of energy.

Carson Benge cleared the fence in the eighth inning Wednesday, ensuring the Mets wouldn’t conclude their trip to Canada by getting shut out.

Supreme Court Justice Thomas Says Birthright Citizenship Ruling 'Devalues' US Citizenship

Authored by Jack Phillips via The Epoch Times,

Supreme Court Justice Clarence Thomas issued a lengthy dissent criticizing the high court's majority ruling against President Donald Trump's executive order restricting birthright citizenship, saying the decision would effectively devalue American citizenship as it was understood by those who created the Constitution's 14th Amendment.

Supreme Court Associate Justice Clarence Thomas poses for an official portrait at the East Conference Room of the Supreme Court building in Washington on Oct. 7, 2022. Alex Wong/Getty Images

Thomas said the majority is attempting to repurpose the 14th Amendment "to protect its own set of preferred rights that the Reconstruction Congress never contemplated and that cannot find support in its text," referring to the post-Civil War era of the mid-to-late 19th century.

Further, he argued that the June 30 ruling denigrates the idea of U.S. citizenship, saying that it has been used by "foreign birth tourists and illegal aliens."

"I am not sure that today's opinion will stand the test of time," Thomas wrote. "The Citizenship Clause 'added greatly to the dignity and glory of American citizenship.' Today's opinion devalues that citizenship."

The order issued by Trump aimed to exclude children of illegal immigrants and temporary visitors from gaining automatic birthright citizenship. In 1898, the high court delivered the landmark birthright citizenship ruling in United States v. Wong Kim Ark, which effectively stated that any child born in the United States to immigrants is granted citizenship regardless of the nationality of the child's parents.

In addition to Thomas, Justices Samuel Alito and Neil Gorsuch dissented and indicated that they would allow Trump's executive order to stand. Justice Brett Kavanaugh partially concurred with the majority in saying that he thinks the Trump administration's executive order does violate a federal statute but that the constitutionality of birthright citizenship is an open question and that the executive order doesn't violate the 14th Amendment.

"The Court today takes the extraordinary step of holding facially unconstitutional the President's Order excluding from citizenship the children of foreign temporary visitors and illegal aliens," Thomas said in the 91-page dissent, which is significantly longer than the majority's opinion.

Thomas indicated that he sided with the Trump administration's arguments that the 14th Amendment, ratified three years after the end of the Civil War in 1868, was intended to give citizenship to black people who were freed from slavery rather than automatically giving it to the children of immigrants.

"In doing so, the Court adds to the sad history of the Fourteenth Amendment, which was designed and understood to secure equal rights for the freed blacks but has instead been repurposed for political projects that the Reconstruction Congress did not support," he said.

Chief Justice John Roberts wrote the majority opinion and was joined by Justices Sonia Sotomayor, Elena Kagan, Amy Coney Barrett, and Ketanji Brown Jackson.

"Citizenship, then and now, was the right to have rights - to freely participate in our political community. The Framers of the Fourteenth Amendment extended that promise to 'every free-born person in this land,'" Roberts wrote, citing congressional debate over the 14th Amendment. "We keep that promise today."

Multiple lower courts have blocked the executive order, signed by Trump early in his presidential term last year, and it has not taken effect anywhere in the United States. The high court ruled on the president's appeal of a lower-court ruling from New Hampshire that struck down the birthright citizenship restrictions.

Birthright citizenship was the first Trump administration immigration-related issue to reach the Supreme Court for a final ruling. Since he took office, Trump has rolled out policies designed to deport large numbers of illegal immigrants, namely those with criminal records.

He has also canceled temporary protected status for hundreds of thousands of people living in the United States, bolstered U.S. border security, initiated policies encouraging illegal aliens to self-deport, and issued other rules.

In response to the June 30 ruling, Trump said, "[The ruling is] too bad for our Country, but we can easily make it up in Congress through Legislation."

"Congress should start TODAY to work on ending expensive and unfair to our Country, Birthright Citizenship," he wrote on Truth Social. "They will have my Complete and Total Support!"

In a previous post, he argued that "dumb judges and justices" allow wealthy women from China and elsewhere to come to the United States with the sole purpose of giving birth so that their children will be American citizens. He noted that few other countries have such a policy.

The American Civil Liberties Union (ACLU) hailed the majority opinion, saying that the "decision reaffirms a fundamental American promise - if you are born here, you are a citizen."

"A president cannot change the Constitution by executive fiat," ACLU National Legal Director Cecillia Wang said in a statement. "Our brave clients and our legal team stand with millions of people around our country who spoke up for one of our most cherished rights. The Constitution's guarantee of birthright citizenship stands strong."

Tyler Durden Wed, 07/01/2026 - 23:30

In a series of moves on the first day of free agency Wednesday, president and general manager Chris Drury revamped the Blueshirts blue line.