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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
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Trump blames ‘bad fuel’ for twin Navy crashes in the South China Sea while traveling in Asia

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Konstantin Toropin
Konstantin Toropin
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The Associated Press
The Associated Press
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Konstantin Toropin
Konstantin Toropin
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The Associated Press
The Associated Press
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October 27, 2025, 11:43 AM ET
SAN DIEGO, CALIFORNIA - NOVEMBER 18: The U.S Navy USS Nimitz (CVN-68), the world's oldest nuclear-powered aircraft carrier sails out of San Diego Bay to the Pacific Ocean to perform readiness drills before returning its homeport of Naval Base Kitsap on November 18, 2024 in San Diego, California. The ship is scheduled to be decommissioned in fiscal 2026. (Photo by Kevin Carter/Getty Images)
All crew members involved “are safe and in stable condition,” the fleet said in a statement.Kevin Carter/Getty Images
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A fighter jet and a helicopter based off the aircraft carrier USS Nimitz both crashed into the South China Sea within 30 minutes of each other, the Navy’s Pacific Fleet said.

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The three crew members of the MH-60R Sea Hawk helicopter were rescued on Sunday afternoon, and the two aviators in the F/A-18F Super Hornet fighter jet ejected and were recovered safely, and all five “are safe and in stable condition,” the fleet said in a statement.

The causes of the two crashes were under investigation, the statement said.

President Donald Trump, speaking to reporters aboard Air Force One en route to Tokyo on Monday, said the incidents could have been caused by “bad fuel.” He ruled out foul play and said there was “nothing to hide.”

The USS Nimitz is returning to its home port in Naval Base Kitsap in Washington state after having been deployed to the Middle East for most of the summer as part of the U.S. response to attacks by Yemen’s Houthi rebels on commercial shipping. The carrier is on its final deployment before decommissioning.

History of incidents

Another aircraft carrier, the USS Harry S. Truman, suffered a series of mishaps in recent months while deployed to the Middle East.

In December, the guided-missile cruiser USS Gettysburg mistakenly shot down an F/A-18 jet from the Truman.

Then, in April, another F/A-18 fighter jet slipped off the Truman’s hangar deck and fell into the Red Sea.

And in May, an F/A fighter jet landing on the carrier in the Red Sea went overboard after apparently failing to catch the steel cables used to stop landing planes and forcing its two pilots to eject.

No sailors were killed in any of those mishaps. The results of investigations into those incidents have yet to be released.

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