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Straits Times
10 hours ago
- Business
- Straits Times
New York detectives head to gunman's home in Nevada amid calls for gun control
A U.S. flag flies outside the building where a deadly mass shooting occurred on Monday, in Manhattan, New York City, U.S., July 29, 2025. REUTERS/Kylie Cooper/File Photo NEW YORK - New York City detectives investigating this week's mass shooting were interviewing the attacker's associates in his home state of Nevada on Wednesday, as gun safety advocates expressed dismay that he was able to buy a gun there legally last month despite two reported mental health hospitalizations. Authorities say Shane Tamura, 27, drove from his Las Vegas home to Manhattan, marched into an office skyscraper on Monday and fatally shot four people, including an off-duty police officer, with an assault-style rifle before taking his own life. Tamura legally purchased a revolver in Nevada in June at a gun store, New York police said, even though, according to multiple news reports, he was hospitalized under an emergency "mental health crisis hold" in 2022 and again in 2024. The details of those episodes were not known. Authorities have said Tamura carried a note on Monday in which he claimed he suffered from chronic traumatic encephalopathy, or CTE, a brain disease linked to football and other contact sports that can affect behavior. The disease can only be confirmed after death. New York City's medical examiner said in an email that Tamura's brain would be examined as part of a complete autopsy but did not say whether it would be screened for CTE. Tamura, who shot himself in the chest on Monday, bought the rifle he used in the attack from a supervisor at the casino where he worked for $1,400, CNN reported on Wednesday, citing law enforcement sources. Nevada law requires private gun sales to go through a licensed firearms dealer and include a background check. Top stories Swipe. Select. Stay informed. World Canada intends to recognise Palestinian state at UN General Assembly: Carney Business US Fed holds rates steady despite Trump's pressure, with two governors dissenting Singapore Regional eco-tours, more full-time staff: S'pore's Nature Society restructures to boost conservation Opinion The promise and the perils of stablecoins Multimedia 60 years, 60 items: A National Day game challenge Singapore School, parents on alert after vape peddlers approach primary school pupil Business South-east Asia's transshipments a target as US takes aim at China's supply chains Singapore Escape, discover, connect: Where new memories are made Whether he obtained the rifle legally or not, advocates for stricter gun laws said the case showed a need for tougher regulations nationwide, especially for people with mental health problems. "It is horrifying ... that a man with documented mental health struggles was able to purchase a weapon, let alone a weapon of such devastating capability," New York City mayoral candidate Zohran Mamdani told reporters on Wednesday, urging a national ban on assault rifles. New York is one of 10 states that bans such weapons, according to the advocacy group Everytown for Gun Safety. The National Rifle Association, the New York State Firearms Association and the New York State Rifle & Pistol Association did not immediately respond to requests for comment. The groups oppose restrictions on guns as an infringement on individual rights. RED FLAG LAWS Under Nevada law, officers can detain individuals on emergency holds in mental health facilities or hospitals for up to 72 hours for evaluation. In a handful of states including New York – which has some of the strictest gun laws in the nation – such emergency holds trigger some version of a ban on possessing guns, according to experts. But in most states, including Nevada, as well as under federal law, only a court-ordered involuntary commitment results in a prohibition on buying and owning guns. "What this shooting in New York highlights more than anything else is that we're only as safe as the laws of the weakest state," said Nick Suplina, Everytown's senior vice president for law and policy. Nevada has enacted a series of gun limits since an October 2017 mass shooting that killed 58 people in Las Vegas. Giffords, another gun safety advocacy organization, gave Nevada a "B-" grade in its annual scorecard of gun laws, compared with an "A" for New York. A new Nevada law that took effect this month – too late to apply to the Manhattan shooter – allows law enforcement officers to take away guns temporarily from someone who is on an emergency mental health hold. The officer can also petition a court to retain the guns if the person is deemed a danger to themselves or others. That law is similar to Nevada's "red flag" statute, which allows law enforcement or relatives to ask a court to seize firearms from anyone considered a risk. The new law was needed because patrol officers often don't have time to petition a court when they're dealing with someone in a mental health crisis, according to John Abel, governmental affairs director at the Las Vegas Police Protective Association. "We needed the ability to be able to safely and legally pick up that firearm while we were on the scene," he said. Had the new law been in effect in 2022 and 2024 when Tamura was placed under mental health holds, officers could have temporarily impounded his firearms. But he would have been able to pick them up from the police station once he was discharged from the hospital. Although he identifies as a "proud Second Amendment supporter," Abel said he thinks Nevada needs further legislation to "take firearms out of the hands of someone who is deemed incompetent to hold them because of mental health reasons." Twenty-one states have enacted red-flag laws, according to Everytown for Gun Safety. Tamura was able to obtain a concealed carry permit in 2022, according to news reports, although it was unclear whether he did so before or after his first hospitalization. His permit would have allowed him to buy the revolver last month without a background check under state law. REUTERS
The Star
7 days ago
- Automotive
- The Star
Wall St set for mixed start as investors digest Alphabet, Tesla results
A woman walks down Wall Street in New York City, U.S., April 8, 2025. REUTERS/Kylie Cooper/File Photo WALL Street was on track for a mixed open on Thursday as investors digested uneven earnings from megacaps like Alphabet and Tesla and monitored progress in U.S. trade negotiations. Alphabet rose 3.4% in premarket after the Google parent raised its 2025 capital spending forecast by $10 billion to $85 billion, shrugging off trade jitters, while electric vehicle maker Tesla tumbled 6.1% as CEO Elon Musk warned of "a few rough quarters" due to cuts in EV incentives. At 8:43 a.m. ET, S&P 500 E-minis were up 0.5 points, or 0.01%, Nasdaq 100 E-minis were up 42 points, or 0.18%, and Dow E-minis were down 292 points, or 0.65%. UnitedHealth fell 4.5%. The insurer said it is cooperating with the Department of Justice's formal criminal and civil requests following reports of investigations into its Medicare participation. The S&P 500 and the tech-heavy Nasdaq soared to record closes on Wednesday as investors cheered reports of an imminent trade deal between Washington and the European Union. Meanwhile, the Dow closed over 1.1% higher, just below its all-time peak. An EU spokesperson on Thursday signaled that a deal was "within reach", which, as per diplomats, would result in broad 15% import tariffs on the 27-member bloc. Anticipation of further trade pacts was also reinforced by President Donald Trump's announcement of a deal with Japan on Tuesday, cutting import levies on the Asian country to just 15%. Meanwhile, China and South Korea are racing to strike agreements to dodge Trump's hefty duties. "A U.S. tariff agreement with Japan has increased market confidence that the worst of the global trade conflict could be over, adding to hopes of a deal with the European Union," said Mark Haefele, chief investment officer, UBS Global Wealth Management. Among other stocks, American Airlines fell 3.3% after forecasting a bigger-than-expected third-quarter loss, hurt by sluggish domestic travel demand. IBM slid 6.3% as its second-quarter earnings failed to impress investors, especially due to its lower-than-expected sales in its mainstay software segment. Honeywell slipped 2.8% despite raising its annual forecasts after beating Wall Street expectations for second-quarter results. Shares of ServiceNow jumped 7.4% after the software firm raised its annual subscription revenue forecast. Markets were also monitoring developments after the White House surprised investors that Trump - fresh from stepping up his criticism of Federal Reserve Chair Jerome Powell - would pay a visit to the U.S. central bank's headquarters later in the day. With the Fed widely expected to keep rates steady at next week's meeting, traders are now eyeing a 62% chance of a September rate cut, according to CME's FedWatch tool. A Labor Department's report showed jobless claims for the week ended July 18 stood at 217,000 versus an estimate of 235,000, signalling resilience in the job market. S&P Global's flash PMI data will be released at 9:45 a.m. ET. - Reuters
The Standard
22-07-2025
- Business
- The Standard
Apple supplier Goertek to buy Luen Fung Commercial's units for $10.4 billion
FILE PHOTO: A person walks by the Apple store on Fifth Avenue in New York City, U.S., May 1, 2025. REUTERS/Kylie Cooper/File Photo
The Star
21-07-2025
- Business
- The Star
Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut
FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq stock market site in New York City, U.S., July 16, 2025. REUTERS/Kylie Cooper/File photo (Reuters) -The Ether Reserve, a new crypto venture backed by prominent crypto investors, will list on the Nasdaq through a merger with blank-check firm Dynamix Corporation and is expected to raise over $1.6 billion. The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world's second-largest cryptocurrency.
The Standard
18-07-2025
- Business
- The Standard
Wells Fargo suspends China travel after employee exit ban, source says
People walk by a Wells Fargo bank branch in New York City, U.S., June 4, 2025. REUTERS/Kylie Cooper/File Photo
