Tariffs Delayed the Fall Fashion Line at Upscale Brand Vince. It Wasn't All Bad.
The result: Tank tops, dresses and other spring items remained in Vince stores, online and at wholesale without a markdown while the brand waited for the right moment to bring in the newer outfits and accessories.
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New York Post
6 minutes ago
- New York Post
Senate makes progress in averting a gov't shutdown much earlier than usual
The Senate took a significant step towards averting an impending partial government shutdown by passing a tranche of funding bills much earlier than usual. Senators approved three of the 12 appropriations bills Friday needed to forestall a partial shutdown, including ones to fund the Department of Veterans Affairs, the Food and Drug Administration, the Department of Agriculture, new military facilities, and Congress itself. 'We are on the verge of an accomplishment that we have not done since 2018, and that is, pass appropriations bills across the Senate floor prior to the August recess,' Senate Appropriations Committee Chairwoman Susan Collins (R–Maine) cheered before the upper chamber reached the feat. 'That is exercising our constitutional responsibility for the power of the purse.' The three appropriations bills that clear the Senate are typically viewed as the less controversial ones to get across the finish line. Still, it comes amid significant hurdles toward preventing the looming autumn shutdown. 4 Sen. Susan Collins helped broker the deal to get the three appropriations bills passed through the Senate. REUTERS 4 Senate Majority Leader John Thune has eaten into the August recess to clear up the upper chamber's lengthy to-do list. Democrats widely see the shutdown fight as a rare instance in which they have leverage in Congress and have been vexed by President Trump's use of impoundment and rescissions to make spending cuts without their approval. Moreover, Congress hasn't actually passed the 12 appropriations bills to properly fund the government on time since 1997. Each fiscal year, which starts on Oct. 1, Congress is tasked with funding the government to prevent a partial shutdown. Congress has typically relied on a mechanism known as continuing resolutions, or CRs, to put government spending on autopilot for stretches of time. CRs and appropriations bills are subject to the 60-vote threshold needed to break a filibuster in the Senate and must be bipartisan, which is why Congress typically struggles with the process. 4 Sen. Patty Murray said the deal will help prevent some of the cuts Democrats opposed. The current fiscal year is running on what turned into a yearlong CR, and there have been some murmurs in the House about doing so again for Fiscal Year 2026. Senators voted 87-9 on Friday for a two-bill minibus to fund the VA and Department of Agriculture. They then voted 81–15 on the third appropriations bill to fund Congress. Sen. Patty Murray (D-Wash.), the top Democratic appropriator, argued the small-scale deal 'rejects damaging cuts from Trump and House Republicans,' despite progressive complaints. The Senate still has nine more appropriations bills to take up: Commerce, Defense, Energy, Financial Services, Homeland Security, Interior, Labor, State and Transportation. The Senate Appropriations Committee has already approved about half of those, inching them closer to a full chamber vote. 4 Oftentimes, government shutdown fights come down to the wire. REUTERS Those appropriations bills will need to be green-lit by the House of Representatives, which is on August recess, and signed into law by President Trump. Senate Majority Leader John Thune (R-SD) has eaten into the August recess while seeking to wrangle through key Trump nominations and chip away at the backlog. He is currently negotiating with Democrats on a deal to expedite that process.
TechCrunch
6 minutes ago
- TechCrunch
Anthropic cuts off OpenAI's access to its Claude models
In Brief Anthropic has revoked OpenAI's access to its Claude family of AI models, according to a report in Wired. Sources told Wired that OpenAI was connecting Claude to internal tools that allowed the company to compare Claude's performance to its own models in categories like coding, writing, and safety. TechCrunch has reached out to Anthropic and OpenAI for comment. In a statement to Wired, an Anthropic spokesperson said, 'OpenAI's own technical staff were also using our coding tools ahead of the launch of GPT-5,' which is apparently 'a direct violation of our terms of service.' (Anthropic's commercial terms forbid companies from using Claude to build competing services.) Meanwhile, an OpenAI spokesperson said, 'While we respect Anthropic's decision to cut off our API access, it's disappointing considering our API remains available to them.' Anthropic executives had already shown resistance to providing access to competitors, with Chief Science Officer Jared Kaplan previously justifying the company's decision to cut off Windsurf (a rumored OpenAI acquisition target, subsequently acquired by Cognition) by saying, 'I think it would be odd for us to be selling Claude to OpenAI.'
Washington Post
7 minutes ago
- Washington Post
Trump should heed, not hide, the jobs numbers
Here's a life hack for readers who are trying to lose weight and are discouraged by the numbers on the scale: Take a hammer to the thing. If that seems too destructive, donate it to the Salvation Army and, if you must keep a scale in the house, buy a new model that tops out at 150 pounds. The secret behind this hack is psychology. It's hard to eat less than your body wants, which is why people who try to lose weight often fail and feel miserable. But if no working scale is available, you can't fail: Eat as much as you like; the numbers will never climb. Sound crazy? It is. But the president has just used a version of this trick to deal with a sagging American jobs market. For months, commentators have been asking why tariffs aren't weighing on the economy more heavily. Importers — including many manufacturers — have been worried that they will. But the headline jobs and gross domestic product data have looked pretty good. Then came Friday's jobs report. The Bureau of Labor Statistics, a unit of the Labor Department, revised its estimates for May and June payrolls sharply downward, by more than 250,000 jobs, and estimated that the economy added only 73,000 jobs in July, well below analysts' expectations. Virtually all these new jobs came from health care and social services. The numbers contain no sign of the manufacturing boom that President Donald Trump has promised. This is not the sort of jobs report any president wants to see; it's the kind that portends falling approval ratings and party losses at the next election. So Trump took immediate, decisive action: He hopped on Truth Social and announced that he would fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics. This move was so boneheaded, William Beach, who served as bureau commissioner during the first Trump administration, called it 'totally groundless' and 'a dangerous precedent' that 'undermines the statistical mission of the Bureau.' A hearty second to that. Trying to intimidate the Bureau of Labor Statistics is the policy equivalent of smashing your bathroom scale. It's banana republic stuff, and it won't work any better in the United States. On the margin, a few voters might be fooled into thinking economic conditions are better than they really are. But the trick can work only so far — as the Biden administration found out when it tried to gaslight voters into believing that everything in the White House was going just great. The people most susceptible to the spin fall into two groups: the president's base, who don't need it, and high-information voters who pay close attention to economic data, many of whom will understand how the numbers have been juked, and most of whom probably already know which side they're voting for next time around. Everyone will be paying closer attention to what's happening in their own experience. Are wages rising? Are their friends and relatives being laid off? Is it easy to find another job? If they're getting the wrong answers to these questions, it really doesn't matter what numbers the bureau is putting out. That is, it doesn't matter politically. Bureau of Labor Statistics numbers matter tremendously in other ways. They feed into a great deal of market activity as well as vital social science, both of which are possible only if the numbers are trustworthy. The statistics are also, of course, one of the president's essential guides to economic policy. This guide is now telling the administration that it is moving in the wrong direction. A wise politician would take heed and course-correct to avoid bumbling deeper into the woods. Instead, Trump wants to shoot the messenger so his supporters won't realize he's led them astray. He might be able to find a new BLS commissioner who will cook the numbers to make them more aesthetically pleasing, though this would not be easy. As economist Scott Winship of the American Enterprise Institute pointed out, a lot of people work on these numbers, 'So absent mass firings at BLS, this solves nothing.' But even if Trump managed to bully the guides into telling him what he wants to hear, what then? Eventually voters will look around and notice the truth: America is losing its way.
