crash

European shares have started August 2026 in almost the opposite way to what their seasonal reputation would suggest.

ADVERTISEMENT

ADVERTISEMENT

The EURO STOXX 50 and DAX are hovering near record highs, while the CAC 40 remains close to its peak. Yet August has historically been one of Europe’s weakest months.

That contradiction raises a more interesting question than whether investors should simply “sell in August”.

The data suggests August is not consistently a bad month. Instead, its poor reputation has been shaped by a small number of extraordinary market shocks.

European markets are defy ‘August curse’

European shares have started August 2026 in almost the opposite way to what their seasonal reputation would suggest.

The EURO STOXX 50 and DAX are hovering near record highs, while the CAC 40 remains close to its peak. Yet August has historically been one of Europe’s weakest months.

That contradiction raises a more interesting question than whether investors should simply “sell in August”.

The data suggests August is not consistently a bad month. Instead, its poor reputation has been shaped by a small number of extraordinary market shocks.

Germany’s DAX, which tracks the 40 largest companies on the Frankfurt exchange, tells the same story going back to 1970.

August has averaged a loss of 1.03%. September has averaged a loss of 1.64%.

France’s CAC 40, which tracks the 40 biggest companies in Paris, has data going back to 1988. August has averaged a loss of 1.22%. September has averaged a loss of 1.38%.

Three different countries, three different stretches of history — and exactly the same ranking. September worst, August second.

Yet August 2026 has looked nothing like that.

On 11 August, the EURO STOXX 50 closed at an all-time high above 6,560 points, up roughly 13% since the start of the year. The DAX moved above 26,450 for the first time, while the CAC 40 finished around 8,740 points.

So who is right — the calendar or the market?

The short answer: the calendar has a much weaker case than it appears.

The average August is not the typical August

An average is only useful when the numbers around it are relatively similar.

Picture five people walking into a room. Four earn €30,000 a year, one earns €1 million. The average income in that room suddenly looks far higher than what most people actually take home.

August equity returns have a similar problem. A handful of extreme crashes drag the long-term average sharply lower.

That is where the median becomes useful. It is simply the middle observation once every August return is ranked from worst to best, so half the years sit below it and half above — a better guide to what a typical August actually looks like.

For the EURO STOXX 50, the median August return is -0.19%, a very different picture from the -1.42% average. The typical August has been close to flat.

Five Augusts explain the damage

Most of the damage comes from five extraordinary episodes.

In August 1998, the EURO STOXX index fell 14.44% as Russia defaulted on domestic debt and devalued the rouble.

In August 1990, it dropped 13.82% after Iraq invaded Kuwait. August 2011 brought a 13.79% fall as the eurozone debt crisis intensified around Italy and Spain. In August 1997, the index lost 9.99% as the Asian financial crisis spread across the region, and in August 2015 it fell 9.19% when China devalued the yuan.

These were not ordinary corrections. They were global shocks that happened to land in August.

Strip out those five years and the EURO STOXX 50’s average August return flips from -1.42% to +0.17%. Five years out of 39 turn a seemingly weak month into a slightly positive one.

Why can August amplify a shock?

The explanation may have less to do with the month itself than with how markets function during the summer.

Europe effectively goes on holiday in August. Trading desks thin out and fewer investors are actively setting prices. That does not cause a sell-off on its own, but it can make markets more sensitive once one begins.

There are also fewer scheduled monetary-policy decisions. The European Central Bank’s latest meeting was in July, with its next scheduled decision not due until September.

The US Federal Reserve follows a similar summer gap, leaving markets with fewer major policy events to anchor expectations at precisely the moment liquidity is thinnest.

Then there is Jackson Hole. The Federal Reserve’s annual conference in Wyoming, held later in August, can become a major market event in its own right, particularly when investors are hunting for clues on interest rates.

This year’s gathering carries extra weight: it is Kevin Warsh’s first Jackson Hole address as Fed chair.

August therefore combines three potentially volatile ingredients: thinner liquidity, fewer scheduled policy events, and the possibility of a significant central bank signal arriving late in the month.

What makes August 2026 different?

The historical pattern is only useful if investors understand what has changed.

European equities entered August at or near record highs, underpinned by strong earnings expectations. Reuters reported that analysts had raised expectations for second-quarter earnings growth across the STOXX 600 to almost 21%, up from 12.5% in May — giving markets a fundamentally stronger backdrop than the historical average would suggest.

But there is another side to the ledger. The Middle East energy shock remains a risk for Europe: higher energy prices could push inflation back up while squeezing consumers and corporate margins at the same time.

Eurozone inflation eased to 2.8% in June, down from 3.2% in May, though a fresh energy shock could complicate the path back to the European Central Bank’s 2% target.

That leaves an unusual setup heading into the rest of the month.

So should investors fear August?

The historical record does not say European stocks must fall this month. In fact, the EURO STOXX 50 and DAX have both finished August higher almost half the time.

What history does show is more subtle: August is not necessarily Europe’s seasonal crash month. It is a month in which rare shocks have historically produced unusually large losses. That distinction matters in 2026.

Investors do not need to predict whether August will end higher or lower. The more useful question is whether markets, having just reached record highs, are sufficiently prepared for an unexpected shock arriving while liquidity is thin.

That is what the August pattern is really warning about — not a calendar effect, but a vulnerability.

Three Colombian tourists from same family are among the victims of Saturday’s crash on mountainside forest of Tijuca National Park.

At least four people have been killed in a helicopter crash in the Brazilian city of Rio de Janeiro, according to a statement from the Colombian consul in the country.

Saturday’s crash involved a pilot and three Colombian women who were members of the same family.

They were reportedly on a sightseeing flight over Tijuca National Park, a densely forested, mountainous area on the edge of the city.

In the aftermath of the crash, Rio de Janeiro Mayor Eduardo Cavaliere called for more oversight of helicopter flights, a popular tourist activity. He even suggested such flights could be suspended “for a week or two”, as new safety measures are implemented.

“My solidarity to the families of the victims of the helicopter accident that happened today near Vista Chinesa within the Tijuca National Park,” Cavaliere said in a social media post.

He added that he had been in contact with Brazil’s National Civil Aviation Agency, ANAC.

“City Hall has requested that ANAC take immediate action to intensify oversight and ensure safety in helicopter flights that are circulating with increasing frequency in our city,” Cavaliere explained.

“We place the entire apparatus of City Hall at the disposal of ANAC to support the measures and actions that may be necessary.”

The crash took place near Vista Chinesa, a lookout point crowned by a small bamboo pagoda. Tijuca National Park is a top destination in Rio de Janeiro, famous for its Christ the Redeemer statue and sweeping vistas of the coastal city.

Diana Paez, the Colombian consul general in Rio de Janeiro, told the news agency AFP that the three women on Saturday’s flight were part of a family that had travelled to the city to celebrate a girl’s 15th birthday.

The group of six had split up since the helicopter could only fit three people. The girl’s grandmother, aunt and cousin died in the crash.

Helicopter rides have become a popular way for tourists to see the city and its various monuments from above, a practice that has attracted growing concern over safety.

Six people were recently killed when two helicopters collided in midair over the city. That incident took place over the western suburb of Recreio dos Bandeirantes on June 14.

Utah wildfire response continues despite loss of helicopter crew, with containment standing at 24 percent.

A pilot and one crew member have been confirmed dead after their firefighting helicopter crashed while battling a massive wildfire in central Utah.

The Sikorsky S-64 ‘Skycrane’, operated by Helicopter Transport Services under contract with the United States Forest Service, went down about 10am local time on Friday (16:00 GMT) near Richfield, in the Three Creeks Reservoir area southwest of the city, close to the southeastern edge of the Widemouth 2 fire.

The National Interagency Fire Center (NIFC) confirmed the deaths on Saturday, more than 24 hours after the crash, saying the two crew members were “fatally injured” and extended its “condolences to the friends and family of the deceased”.

In a situation report, the NIFC said extreme fire conditions and steep terrain had kept rescue teams from reaching the wreckage. The bodies were recovered on Saturday, but the names of the deceased have not been released.

The NIFC has issued evacuations for residents in the area and imposed road closures.

Deputy incident commander Tyler Hecht said on Friday that crews took a “tactical pause” to regroup after the crash before resuming their firefighting work.

“It’s not going to change how we operate,” Hecht said. “We’re going to continue to fight fire and utilize aircraft to support our firefighters on the ground.”

Utah Governor Spencer Cox called wildland firefighting “among the most dangerous jobs in the world” and asked residents to keep the crew “in your prayers”.

The Utah Highway Patrol organised a procession Saturday evening to escort the remains of the “fallen heroes”.

The Widemouth 2 fire ignited from a lightning strike in Fishlake National Forest on July 27 and has since burned more than 111,000 acres (45,000 hectares), putting it on pace to become Utah’s largest wildfire this year.

Officials listed containment at 24 percent on Saturday, with extreme fire behaviour – including crowning and long-range spotting – still threatening nearby communities.

This is Utah’s second fatal wildfire incident this summer. Three firefighters died in June while battling the Knowles and Gore fires near the Colorado border. A fourth firefighter later died from injuries sustained in the incident.

Minnie Driver’s Paris adventures went awry this week when she was involved in a car accident that she’s describing as a frightening close call.

On Thursday, the actor — who has posted a series of “Paris Update” videos for her fans over the last two months while filming the sixth season of “Emily in Paris” — updated fans with a video posted to Instagram in which she appeared in a neck brace and recounted a harrowing close call. “Paris update is that I am actually back in London,” the video began.

“I got into a really bad car accident a few days ago with my friend Ben, and we somehow walked out of it,” she said. “Well, we didn’t walk out of it. We crawled out of it, but we did get out of it alive.”

Driver said the accident wasn’t their fault, and that they were cruising down a country road in the middle of France when another vehicle failed to stop at an intersection.

“We just T-boned it,” she said. “I’m fine. I’ve got a sprained neck, and I’m really in shock and sort of cry all the time, but I’m going to heal.”

According to Deadline, production on “Emily in Paris” will continue as planned aside from one scene involving Driver that had to be rescheduled. She plans to return to her role as Princess Jane when she recovers.

“The reason that I’m not dead, honestly, is the car that we were driving,” she continued in her update, adding that 360-degree airbags in the “tiny Kia” she was riding in saved their lives. “The fact that the entire car didn’t just concertina and crush us is down to the design of that car, which is frankly astonishing.”

Driver assured her followers that the video wasn’t a car ad — “Can you imagine if that’s what I was doing?” — but the actor appeared grateful and wanted to give due credit, all with her sense of humor still intact.

“I’m a mini driver, pun intended. I need to celebrate the car that saved us, because we’ve got families and people who love us, and I am so grateful to be alive,” she said. “So, Kia, you are a baller car company.”

A piece of a SpaceX rocket which has been floating in space since last year was believed to have crashed into the moon at high speed on Wednesday.

The event, not visible to the naked eye, is expected to be confirmed by experts monitoring it with a telescope.

This event posed no danger to Earth but was also expected to create a new lunar crater, experts said.

Here’s what we know so far.

Has the rocket hit the moon yet?

It is believed to have hit the moon already, but this has not yet been confirmed as it takes time for signals to return from the moon to the Earth. The rocket segment was expected to hit the moon around 2:35am ET (06:35 GMT) on Wednesday, crashing into the surface at 5,400mph (8,690km/h).

The ⁠rocket piece is believed to have hit Einstein Crater on the moon’s western limb, which is often difficult to see from Earth.

Weighing 4 metric tonnes (4,000kg), it was expected to kick up a plume of lunar dust that would likely be illuminated by sunlight but would be difficult to spot with the naked eye from Earth.

The crash landing is unintentional, SpaceX has said.

Which rocket did this piece of space debris come from?

It comes from a SpaceX Falcon 9, which is a reusable model and has been used for several space missions.

It is made of two parts: upper and lower. The lower part can detach from the upper part and return to Earth. It is the upper part of the rocket which likely crashed into the moon.

Is this dangerous for the Earth?

“There is no danger to Earth,” NASA spokesperson Jimi Russell said in a statement on Tuesday.

“NASA will continue to track the booster for training purposes, as well as later observe the impact site for scientific purposes.”

What was the Falcon 9 doing near the moon?

The Falcon 9 rocket took off last January from Florida, United States, carrying two lunar landers. The booster returned to Earth, but the upper segment remained in space to push the landers onwards.

After pushing the lunar landers onwards, the upper segment of the rocket typically falls back into Earth’s atmosphere and burns up or plunges into the ocean.

But, because the January lunar lander mission required more thrust than missions closer to Earth, the rocket’s second stage remained in space, floating aimlessly among thousands of other pieces of space junk that active satellites have to steer clear of as a matter of course.

According to the United Kingdom’s Natural History Museum, humans have launched thousands of objects into space since the 1950s. “When these spacecraft, rockets, and satellites stop working or break apart, they stay in orbit instead of falling back down right away,” it says.

Why was this rocket section heading to the moon?

It was not until earlier this year that astronomers determined that the rocket section, which had dumped its remaining fuel and could no longer be controlled, was on an orbital trajectory which would end at the moon.

Generally, for such “high-energy missions”, SpaceX performs a manoeuvre to make sure the second stage “is safe per the appropriate rules and regulations”, said Julianna Scheiman, director of NASA science missions at SpaceX, at a Monday news conference.

“We did that,” she continued, but “what has happened is essentially a mixture of solar activity and gravity forces have put it on a path towards the moon”.

Does it matter if part of a rocket crashes into the moon?

This collision raises concerns about human-made debris in space generally. The rocket section was just one of many pieces of “space junk” already orbiting Earth.

There are more than 46,000 pieces of space debris weighing a total of 17,000 tonnes currently in orbit, the European Space Agency reported in late July.

“The environmental impacts that we’re most concerned about include climate and the ozone hole,” Eloise Marais, atmospheric chemist in the geography department at University College London, told Al Jazeera last year.

“Depletion of the protective ozone layer results from chemicals released by rockets during launch that can undergo reactions that deplete ozone,” Marais added, explaining that air pollutants such as particles of soot, which can absorb sunlight and warm the atmosphere, are released during rocket launches.

NASA and SpaceX are discussing ways to prevent future lunar impacts, NASA’s Scheiman said. The US space agency plans to build a lunar base and send routine astronaut missions to the lunar surface beginning later this decade under its multibillion-dollar Artemis programme. It would not want errant pieces of space junk impacting those assets.

How common is it for space objects to crash into the moon?

Not very. The moon routinely weathers impacts from space debris, including meteoroids. Collisions with artificial objects are less common.

A Chinese rocket segment crashed into the moon in March 2022 after completing a lunar test mission.

In 2009, NASA intentionally crashed a rocket segment into the moon to study the plume of lunar material kicked up by the impact.

In the 1970s, NASA also intentionally crashed stages ⁠from its Saturn V moon rocket into the moon to study the impact’s seismic effects.

Several spacecraft intending to land softly on the moon in recent years have crashed instead.

• Russia’s nuclear-powered Luna-25 mission spun out of control and crashed ⁠in 2023. Its small power source of plutonium-238 likely remains harmlessly on the lunar surface.
• India’s Chandrayaan-2 lander mission crashed in 2019.
• Israel’s Beresheet lander crashed that same year. Among the Israeli lander’s payloads were tiny tardigrades, microscopic animals known for surviving radiation and other harsh environments and which may still be on the surface.

What are observers expecting to see?

Like many scientists, Scheiman said, “I also am very excited to see the observation.”

“This may be of some – probably minor – scientific interest, and we may learn some things from it,” said Bill Gray, creator of widely used astronomy software who published a report on the stage’s impact in April.

“It doesn’t present any danger to anyone, though it does highlight a certain carelessness about how leftover space hardware [junk] is disposed of.”

NASA hopes to soon establish a sustained human presence on the Moon, making it critical to better understand space debris in lunar orbit.

Aug. 2 (UPI) — U.S. Rep. Marcy Kaptur was hospitalized on Sunday after being struck in a hit-and-run accident in Ohio, her office said.

Kaptur, D-Ohio, was on her way to church, riding as a passenger, when the car was hit shortly before 11 a.m.

“She is active, alert, and being treated for non-life threatening injuries,” the statement from her office said. “We look forward to additional information from Toledo Police as they investigate the accident.”

One witness told WTOL 11 the other driver was picked up by a third vehicle and fled the scene.

“Toledo Police Accident Investigators have responded to the scene, and the investigation remains active and ongoing,” Toledo police said in a statement obtained by CBS News.

Kaptur, 80, is the longest-serving woman in congressional history, having first been elected to her seat in 1982.

Footage shows firefighters dousing the wreckage of a crashed tourist aircraft in southern Peru. Police said the plane was carrying 13 people when it went down while flying over the ancient archeological site of Nazca Lines.

At least 25 people have been killed and dozens others injured in a bus crash in Algeria. The bus plunged into a ravine in the coastal town of Bourmedes, about 50 kilometres from the capital Algiers.

Actor Kaylee Hottle, best known for her portrayal of a young deaf orphan who shares a special bond with the giant guardian ape in “Godzilla vs. Kong” and “Godzilla x Kong: The New Empire,” has died. She was 18.

Hottle died Tuesday morning after the car she was a passenger in crashed into a culvert off the side of the road in Ijamsville, Md., the Frederick County Sheriff’s Office said in a news release. Her father, Joshua Hottle, confirmed her death in a video on Facebook.

“I am taking a flight that I never would like to take,” he wrote in the caption of the video post, in which he explained the situation in American Sign Language. He was on his way from Texas to claim her body, according to TMZ.

The Texas School for the Deaf also addressed the actor’s death on social media.

“It is with profound sadness that we share the heartbreaking news that one of our TSD seniors, Kaylee Hottle, tragically passed away yesterday in a car accident in Frederick, Maryland,” read the Instagram post. “Our hearts are with Kaylee’s family, friends, classmates and everyone who knew and loved her during this incredibly difficult time.”

Hottle’s breakout role was in the 2021 MonsterVerse crossover “Godzilla vs. Kong,” which marked her big-screen debut as the young orphan Jia. Jia is the last remaining survivor of the Iwi tribe on Skull Island who shares a connection with Kong, the island’s protector. Her adoptive parent, Dr. Ilene Andrews, is a linguistics expert and Kong researcher, played by Rebecca Hall. Hottle reprised the role in the 2024 follow-up, “Godzilla x Kong: The New Empire.”

“After I watched the movie, I thought, ‘Wow, this is going to make such a big impact,’” Hottle said in a 2024 interview with New York’s WABC. “I was so excited. She’s a young deaf girl, just like many others out there. And this journey that she’s going on is just going to be so amazing.”

The actor, who was born in Atlanta, was from an all-deaf family, which included four generations of deaf relatives on her father’s side, according to IMDb.

Authorities said Hottle was one of two passengers in the 1995 Honda Accord that was involved in the crash. While the incident is still being investigated, the Sheriff’s Office said in its news release that “excessive speed is believed to be a contributing factor in the collision.”

Millie Bobby Brown, who also appeared in “Godzilla vs. Kong,” was among those who shared tributes to Hottle following the news of her death.

“I’m so devastated to hear this,” she wrote in her Instagram story, which included a black-and-white photo of Hottle as Jia. “You will be deeply missed Kaylee.”

“I am absolutely gutted about the passing of sweet Kaylee Hottle,” Oscar winner Marlee Matlin wrote on Instagram. “May her beauty and talent be a memory for eternity. … Such a privilege to have met Kaylee last year. Please be kind to one another. Take the time to listen to your child. Say 🤟🏼 each time you part. 🩵”

GODZILLA vs Kong star Kaylee Hottle has died at the age of 18, following a fatal car crash in Maryland.

The young actress, who won hearts worldwide as Jia in the hit Hollywood monster franchise, passed away following the collision.

Here is everything we know so far about her death, her life, and the tributes pouring in.

Who was Kaylee Hottle?

Kaylee Hottle was a young American actress best known for her breakout role as Jia in the Legendary Pictures MonsterVerse film series.

Born in 2007 into an all-deaf family, Kaylee grew up natively fluent in American Sign Language (ASL).

Her path to Hollywood stardom began in 2017 when she starred in a commercial for the video relay service provider Convo.

Read more on Kayle Hottle

SHOCKING LOSS

Godzilla vs. Kong star Kaylee Hottle dead at 18 after tragic car crash

Her major break arrived when acclaimed casting director Sarah Halley Finn was seeking a deaf actress to play Jia – a young Iwi girl with a unique bond with King Kong – in the 2021 blockbuster Godzilla vs Kong.

Guided to Kaylee by an assistant director who remembered her performance in the Convo commercial, the film team knew she was perfect for the role.

The movie became a massive global hit, launching Kaylee into the international spotlight.

She reprised her role as Jia in the 2024 sequel Godzilla x Kong: The New Empire.

Her performance in the film earned her a nomination for Best Performance by a Younger Actor at the 52nd Saturn Awards.

Outside of her film work, Kaylee was a senior student at the Texas School for the Deaf (TSD) in Austin, Texas.

What was the cause of her death?

Kaylee Hottle reportedly died following a serious car crash in Frederick, Maryland.

Local law enforcement sources confirmed to The U.S. Sun that officers were called to the scene of a fatal crash involving the teenage star, where emergency personnel remained on site.

Her father, Joshua Hottle, first revealed the news of her death during an emotional 23-minute livestream on Facebook.

In the video, presented in American Sign Language (ASL), Joshua shared that he was forced to board an urgent flight to Maryland after receiving a call from officials informing him of the tragic accident.

He explained that authorities notified him that Kaylee’s heart had stopped while she was being transported to the hospital in an ambulance.

Captioning the live broadcast, he wrote: “I am taking a flight that I never would like to take.”

Exact details regarding the cause of the collision, the vehicle involved, or whether anyone else was injured remain unconfirmed as emergency services continue their investigation.

Her former school released a statement noting that official information remains “very limited” and urged the public to refrain from speculating on the circumstances while inquiries continue.

Who has paid tribute?

Tributes have poured in from across the deaf community and film industry following news of the young star’s death.

Kaylee’s school released a statement mourning the loss of their student.

It said: “It is with profound sadness that we share the heartbreaking news that one of our TSD seniors, Kaylee Hottle, tragically passed away yesterday in a car accident in Frederick, Maryland.

“Our hearts are with Kaylee’s family, friends, classmates, and everyone who knew and loved her during this incredibly difficult time.”

The school added that counseling and support services have been made available for students and staff as they process the loss.

Her father’s livestream received a flood of condolences from friends, family, and members of the deaf community, while fans worldwide have taken to social media to honor Kaylee’s screen representation and express sympathy for her family.

July 17 (UPI) — The husband of former House Speaker Nancy Pelosi was charged Friday for allegedly striking a parked vehicle and fleeing the scene in Napa County, Calif., early July.

Paul Pelosi, 86, was charged with misdemeanor hit-and-run and making an unlawful turn, Napa County officials said.

Officials said Pelosi struck an unoccupied, parked Tesla in Yountville on July 3, causing “significant damage.”

“Pelosi admitted to hitting something, but said he did not know what he had hit, so he kept driving,” a statement from the Napa County Sheriff’s Office said at the time. “He drove until his car became disabled and was no longer able to continue driving.”

Pelosi was not suspected of driving under the influence.

“Mr. Paul Pelosi has personally apologized to the owner of the vehicle and assured them that he would take responsibility for the damage to their vehicle,” a Pelosi family spokesperson told NBC News. “Speaker Pelosi will not be commenting further on this private matter.”

In 2022, Pelosi pleaded guilty to a DUI charge and was sentenced to five days in jail and three years probation.

In the past decade, he has had at least eight driving violations in California, including speeding, running a red light and driving the wrong way down a one-way street, the New York Times reported.

SAN JUAN, Puerto Rico — Musicians and a DJ are among the dead in a plane crash in the Bahamas that killed 10, the Bahamas Musicians and Entertainers Union said Saturday.

The crash Friday prompted the government to temporarily ground Flamingo Air flights. It happened in North Andros, in waters just west of Nassau, the archipelago’s capital.

“Among the dearly departed are some of the talented and vibrant members of our entertainment community, including members of The Pond Band and a DJ,” the union said in a statement on X.

Their “passion, dedication, and artistry touched so many lives and helped to enrich the cultural fabric of The Bahamas,” the union added.

The plane had departed Lynden Pindling International Airport in Nassau and was headed to San Andros when it crashed, according to the Bahamian Aircraft Accident Investigation Authority.

The Ministry of Energy, Utilities and Aviation said in a statement that the suspension of Flamingo Air’s air operator certificate was a precautionary safety measure as officials investigate the cause of the crash. The ministry said the suspension is a result of two safety incidents that happened Friday.

During a news conference, Minister JoBeth Coleby-Davis said the first incident Friday involved another Flamingo Air plane. She said it was en route to Mayaguana when the pilot reported a concern and turned back to Nassau. After the plane landed and the passengers deboarded, the plane caught fire, she said. That incident also is under investigation.

AN influencer has died after her BMW flipped and slammed into a tree in a horror crash.

Ayzia J, 22, was killed in the deadly collision in New Jersey alongside her friend.

Her friend Henrietta Carter, 22, was riding in the front passenger seat at the time of the crash and was killed.

A third person, who had been in the back of the car, survived the deadly collision with minor injuries.

The car left the road, then overturned and smashed into a tree, according to New Jersey State Police.

Police have launched an investigation into the deadly crash.

Ayzia’s family have launched a fundraising appeal to help them cover funeral costs.

The influencer has more than 300,000 followers across Instagram and TikTok.

A woman died in a brutal plane crash that killed over 100 people after “missing her original plane”. After a sudden flight change, everything altered in an instant

A woman missed her flight and, due to a drastic turn of events, ended up dying with dozens of people in a brutal plane crash. It’s reported the simple act of being late dramatically changed the course of her life, and she ended up plummeting to her death.

The woman’s story was recently highlighted on Reddit when a family member shared the travel tragedy in a heartfelt post, and people can’t believe what happened. A simple change in her schedule led to altering her path completely, and the devastating story has left so many people in total sadness and shock.

It’s not the first tale of its kind to be shared either. Previously, a woman opened up about what is was like when her husband died in a plane crash that killed over 200 people.

The story emerged after someone asked: “We’ve heard stories of people escaping death by being late. What are some tragic examples of people dying because they were late?”

To this, one person replied: “My aunt missed her flight out of Denver on July, 19 1989. She took United flight 232 instead, dying in a fiery crash in Sioux City, IA.”

To this, one person replied: “I am so sorry for your loss. That is a brutal way for things to happen.”

Another added: “I actually had a ticket on that flight when I was a kid, but I had gotten pretty sick the day before we had to leave, and my parents decided to cancel the tickets to Chicago. What is crazy is that we did an analysis of the emergency response to this crash when I was in college.

“It is a small world. I am sorry for the loss of your aunt.”

A third also replied: “My dad was on that flight. He fortunately survived and flew home to Chicago later that night and was at work first thing the next day.”

One more also noted: “I was supposed to be on that plane! Travel plans changed but, had they not, I would have been flying home on this flight.”

For those unaware, the United Airlines Flight 232 was a regularly scheduled flight from Stapleton International Airport in Denver to O’Hare International Airport in Chicago, going on to Philadelphia International Airport in Philadelphia, United States.

However, on July 19, 1989, the McDonnell Douglas DC-10 serving the flight crash-landed at Sioux Gateway Airport in Sioux City, Iowa. This was due to suffering what has been described as a catastrophic failure of its tail-mounted engine.

It’s reported this led to the loss of all flight controls. Over 100 people died in the crash but the majority are reported to have survived.

The incident was said to be deemed “unprecedented” at the time and, though many people sadly lost their lives, the team onboard worked with professional calmness and extreme skill to pull off something some would have believed “impossible” to land the aircraft.

In fact, it has since been termed “The Impossible Landing“, as it’s often considered one of the most impressive landings carried out in the history of aviation.

U.S. News // 16 hours ago

Nancy Pelosi’s husband likely to face charge after California crash

July 4 (UPI) — Paul Pelosi, former House Speaker Nancy Pelosi’s husband, is expected to face charges after he hit a parked car in Napa County, Calif., on Saturday.

July 4 (UPI) — Paul Pelosi, former House Speaker Nancy Pelosi‘s husband, is expected to face charges after he hit a parked car in Napa County, Calif., on Saturday.

Pelosi allegedly hit an unoccupied, parked car, with Napa County Sheriff’s Office deputies later finding his brown convertible parked behind a California Highway Patrol Vehicle and partially blocking a road, KCRA and NBC News reported.

Pelosi has previously been found guilty for driving under the influence, but the sheriff’s office said that an alcohol test did not find alcohol in his system.

“The witness provided deputies with the direction the suspect vehicle was last seen traveling,” police said.

“A short time later, deputies observed a vehicle parked behind a brown convertible car,” which had “significant damage” and was “consistent with the recent crash,” police said.

Because DUI is not suspected, Pelosi, 86, was not arrested after the crash, which the sheriff’s office said is common for a misdemeanor accident.

“Pelosi admitted to hitting something, but said he did not know what he had hit, so he kept driving,” police said.

“He drove until his car became disabled and was no longer able to continue driving,” they said.

Pelosi apologized to the owner of the parked car and said that he would take responsibility for the damage to the vehicle, a family spokesperson said.

July 2 (UPI) — The pilot of a small plane that crashed into Beijing’s tallest building was a 66-year-old man who was suffering from “chronic insomnia and anxiety” and wrote about “ending his life” in his diary, authorities said Thursday.

The man died in the June 26 crash and wounded 13 others in the 109-story Citic Tower.

The pilot was identified as Liu and was a divorced freelancer who lived alone in Beijing, the Chaoyang district government said in a statement.

“The comprehensive investigation concluded that this was a case of endangering public safety caused by personal reasons,” the statement said.

One of the injured people has been discharged from the hospital, officials said.

Liu had taken off from an airport in the Pinggu district. That day he had flown accompanied and solo flights, the Chaoyang government’s statement said.

“During his solo flight, he deviated from the designated area and lost contact with the airport, subsequently colliding with the high-rise building and dying at the scene,” the statement said.

Liu obtained his sport pilot’s license in 2021 and private pilot’s license in 2024.

The plane was a two-seat, single-engine Aurora SA60L manufactured by Chinese company Sunward Aircraft, according to Flightradar24. It’s designed for touring, aerial photography and recreational aviation.

All references to the crash, video and images were scrubbed from social media in China. The state media, whose headquarters is across the street from the tower, didn’t report anything about the crash until the following day.

Chinese authorities often attribute random acts of violence to people seeking “revenge on society,” offering little information on the exact motive.

If you or someone you know is struggling with suicidal thoughts, help is available 24/7. Call or text the 988 Suicide & Crisis Lifeline for free, confidential support. Globally, the International Association for Suicide Prevention has contact information for crisis centers around the world.

Jockey Frankie Dettori suffered several broken ribs and a broken thumb after being involved in a car crash, his management has said.

A spokesperson for H Talent Management confirmed the collision happened on Wednesday evening near Newmarket in Suffolk.

Another vehicle struck the rear passenger side of the car the 55-year-old was driving, causing it to spin and flip, they said.

Dettori’s injuries were still being assessed as he remained in hospital for further scans and observation.

More stories from Suffolk

“Frankie would like to thank the emergency services who attended the scene, together with the doctors, nurses and wider medical team caring for him,” said H Talent Management.

“His focus is now on resting and recovering. H Talent Management respectfully asks that Frankie’s privacy is respected at this time.

“No further comment will be made until there is a meaningful update.”

Dettori has not ridden in Britain since October 2023 when he won the Champion Stakes on King of Steel at Ascot.

But he was due to return to the saddle in the Leger Legends race at Doncaster during the St Leger Festival in September.

H Talent Management referred to Wednesday’s crash as an “accident”.

The collision is believed to have happened just over the border in Cambridgeshire and the county’s police force confirmed it was called to a collision on the A1304 London Road near Six Mile Bottom at about 19:00 BST.

A spokesperson for the force added that there were no arrests.

The East of England Ambulance Service said two patients were taken to Addenbrooke’s Hospital for “further assessment and treatment”.

Do you have a story suggestion for Suffolk? Contact us below.

In its Annual Economic Report, published on Sunday, the Bank for International Settlements (BIS), known as the central bank for central banks, warned that the enormous spending on AI is accumulating financial vulnerabilities that could amplify any future shock and spread from markets into the wider economy.

ADVERTISEMENT

ADVERTISEMENT

Presenting the findings, BIS general manager Pablo Hernández de Cos said the message was one of “urgency”, with policymakers urged to act before any reversal makes the eventual adjustment more painful.

At the core of the warning is the scale of the spending, despite massive investment having supported global growth over the past year.

The five largest “hyperscalers”, the technology giants racing to build AI infrastructure, are on track to commit more than $1 trillion (€878bn) to AI-related investment across 2025 and 2026, a pace that is outstripping their earnings and free cash flow and pushing some to borrow heavily to keep up.

The BIS suggests this race is fuelled by a belief that only a handful of dominant players will ultimately prevail, encouraging firms to pour money into projects whose returns remain deeply uncertain.

Echoes of past manias

The report sets today’s AI boom against a long historical lineage, from the canal mania of the 1830s and Britain’s railway mania of the 1840s to the electrification of the 1920s and the dotcom bubble.

Each began with a genuine technological breakthrough that attracted more capital than commercial returns could justify, the BIS notes, with each episode ending “with an eventual reversal in investment, inducing economy-wide recessions”.

Compounding the danger are stretched share prices and opaque financing.

The BIS highlights the spread of “circular financing”, in which chipmakers and cloud giants take equity stakes in AI labs that then commit to buying their chips and computing power, effectively recycling money back to the original investors as revenue.

Much of the funding now flows through hedge funds and private credit vehicles that face lighter scrutiny than banks.

According to Zhang Tao, the BIS chief representative for Asia and the Pacific, that reliance on non-bank channels means an AI downturn could unwind into a sharper, faster crash than a traditional banking crisis.

The hidden costs of data centres

Beyond financial markets, critics argue the true cost of the AI build-out is being obscured in plain sight.

A central concern, examined by the Wall Street Journal, is how the technology giants account for their data centres.

By assuming the expensive equipment inside them will stay useful for longer, firms can spread its cost over more years, lowering the depreciation charged against profits in any given period and making earnings look healthier than the underlying cash burn implies.

However, the specialist chips at the heart of these facilities may become obsolete far faster than those extended schedules assume, leaving a gap between reported profits and economic reality, as well as a balance sheet more exposed than it appears should demand disappoint or a sizable need to replace hardware arise.

The physical scale is staggering.

Columbia University economist Stijn Van Nieuwerburgh estimates the build-out could cost in the region of $8 trillion (€7tn) over the next six years, financed in part through the kind of off-balance-sheet arrangements the BIS flagged.

The costs are also no longer confined to corporate accounts.

Some economists now warn of a so-called “third wave” of inflation, after the pandemic and tariffs, driven this time by the AI build-out. As chip manufacturers prioritise high-margin parts for AI servers, the resulting squeeze on memory and storage has rippled out to consumer electronics.

For example, Apple raised prices on its MacBooks, iPads and other devices last week, citing an “extraordinary surge in demand for memory and storage” and saying it had “never seen a component price increase this much, this quickly”.

The company’s shares fell around 6%, their worst day in over a year, as Microsoft, Nintendo and Sony have also made similar moves.

Beyond hidden costs and inflationary pressures, where the strain may spread furthest is raw power.

Goldman Sachs expects data centres to account for nearly half of the growth in US electricity demand by 2030, with consumer power prices forecast to rise around 6% a year through 2026 and 2027.

The BIS itself notes that the build-out’s hunger for electricity is already pressuring prices and input costs, with potential spillovers to inflation, though it stresses, as do many economists, that AI could yet prove disinflationary if its promised productivity gains eventually arrive.

11 people were killed when a plane belonging to a parachuting school crashed in Tomblaine, France. The victims included the pilot, five student parachutists, and five instructors. Some victims’ families were present near the airport and witnessed the crash.

Mercedes driver George Russell controversially stole pole position at the Austrian Grand Prix from Ferrari’s Charles Leclerc with the last lap of the session.

The result came amid late drama as Russell set his lap, beating Leclerc and Lewis Hamilton, despite passing yellow flags for a crash by Red Bull’s Max Verstappen at the penultimate corner.

Russell’s team-mate Kimi Antonelli, who was running just ahead of the Briton, also passed the Verstappen incident, but did not improve his time and will line up fourth.

McLaren’s Lando Norris and Oscar Piastri were sixth and seventh behind Verstappen, who kept fifth despite his crash.

Russell insisted he had slowed sufficiently for the Verstappen incident, and claimed there was just a single yellow flag showing, rather than the double waved yellows which might have been expected for such a situation.

“I had a big lift,” Russell said. “I went into the corner 0.5secs up and I came out 0.25secs up. It was great to get that lap.

“I just spoke with Toto [Wolff, team principal] and he said everything is fine with the yellow flag. Big 100m lift before the corner. So that’s good to hear.”

The late drama was caused by a big crash for Verstappen, who lost control going into the high-speed downhill right-hander and spun across the gravel into the barrier.