Today's Headlines: Crypto Brought Trump a Huge Windfall, Even as Many Investors Lost Big
Russia Strikes Ukraine as Explosions Rock Capital
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The New York Times
Today's Headlines
July 2, 2026, 4:30 a.m. Eastern time

Top News

Crypto Brought Trump a Huge Windfall, Even as Many Investors Lost Big

President Trump and his family reaped vast financial rewards from a memecoin that generated losses for hundreds of thousands of investors.

Explosions rock Kyiv in a deadly, large-scale Russian attack.

At least 13 people were killed in the assault, which began hours after President Volodymyr Zelensky of Ukraine warned that Russia was preparing another “massive strike” on Kyiv.

Promising Much to Many, Johnson Loses His Grip on the House

Republicans are growing frustrated with Mr. Johnson’s approach to governing with a razor-thin majority, saying that he promises more than he can achieve, frustrating the disparate groups in his caucus.

World

U.S. Resumes Dollar Transfers to Iraq After Monthslong Suspension

The Trump administration had halted the shipments to Iraq as part of its efforts to pressure the Baghdad government to distance itself from Iran.

Can the World’s Largest Stadium Explain the Global Economy?

High growth rates and surging exports in Vietnam mask deep frustrations in one of Asia’s most ambitious countries.

Can You Embrace A.I. Without Layoffs? This Company Says It’s Trying.

The German software giant SAP says it is betting that employees can reinvent jobs instead of eliminating them. Experts are divided on whether it will work.

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U.S.

Nine Arrested in Federal Crackdown on L.A.’s Sex-Trafficking Corridor

Federal officials in Los Angeles described gang members’ yearslong scheme that relied on social media and physical violence to recruit and maintain control of the girls.

Colorado Governor Fires Officials Who Opposed Freeing Election Denier

Gov. Jared Polis commuted the sentence of Tina Peters, who tampered with voting machines in an attempt to show that the 2020 election had been rigged against President Trump.

Minnesota Pardons Sexual Abuser Who Was Set to Be Deported

Tou Lue Vang has expressed regret for abusing a 10-year-old two decades ago. The Trump administration accused Gov. Tim Walz, a Democrat, of shielding an immigrant who committed a serious crime.

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Politics

Trump Finds His Presidential Alter Ego, the ‘He-Man’ Teddy Roosevelt

President Trump flew into town on the new Air Force One and spent time touring the library dedicated to Theodore Roosevelt, whom he called “a great he-man.”

Immigrant Arrests Surge to 10,000 in 5 Days as ICE Clamps Down

The agency has doubled its daily arrest numbers without the fanfare of last year’s large urban operations, sowing fear in immigrant communities.

Ruling on Trans Athletes Gave the G.O.P. a Win. Most Democrats Looked the Other Way.

While Republicans celebrated the ruling, many Democrats stayed quiet on an issue that had proved divisive in the last election.

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Business

It’s a Taylor-Travis Love Story, but Baby, Just Sign Here?

What would a prenuptial agreement between one of the world’s biggest pop stars and a three-time Super Bowl champion look like? Legal experts weigh in.

U.S. Declines to Renew U.S.M.C.A., Starting 10-Year Clock to Expiration

The Trump administration said Wednesday it would not immediately request to renew the North American trade agreement, leaving businesses uncertain about the trade deal’s direction.

Micron to Donate $250 Million to Trump Accounts for Children

President Trump said the U.S. chip maker would make a significant donation to a new type of investment account created by the administration.

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Technology

This Music Box Is a Ray of Hope for a Decadent Tech Industry

Amid widespread “techlash” over addictive screens and apps, the Yoto, an audio player for children, shows there’s still a way to make money while doing something nice.

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New York

What America’s 250th Means to Mamdani

Mayor Zohran Mamdani has not actively pushed New York City’s role in the nation’s anniversary celebrations, in part because of the complexities he sees in the country’s past and present.

Climbers Get Engaged Atop Empire State Building. Then They Get Arrested.

After two extreme climbers ascended the landmark’s 200-foot needle, one proposed to the other, before they were apprehended by the police.

N.Y.P.D. Memo Outlines Taylor Swift Wedding Events at the Garden

Law enforcement officials in the city are preparing to monitor the pop star’s two-day event at Madison Square Garden, and several streets in the area will be closed.

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Arts

How Trump Made ‘Y.M.C.A.’ His Anthem

On social media, he said the Village People’s lead singer, Victor Willis, was with him “right from the beginning.” But the president has a more complicated history with the group.

What Is the Definitive Movie About America?

Ten writers on the films that get at the hopes, dreams, heartbreak and hilarity of the U.S.A. as it turns 250.

Chris Brown’s Former Housekeeper Awarded $13 Million in Dog Mauling

The housekeeper said in her lawsuit that a dog weighing more than 200 pounds had “savagely” bitten her at the singer’s California home in 2020.

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Books