State Rep. Kaohly Her announces bid for St. Paul mayor

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Rep. Kaohly Her, DFL-St. Paul, has announced her bid for St. Paul mayor.

Her, was serves as speaker pro tempore of the Minnesota House and is the co-chair of the House Commerce Finance and Policy Committee, had previously explored a run.

The filing period runs July 29 through Aug. 12, and Carter announced in January every intention of running again.

Declared candidates include Yan Chen, a Democrat and biophysicist, and Mike Hilborn, a Republican business owner who runs a power-washing, Christmas tree lighting and snowplowing company. The St. Paul DFL, which is in the process of reconstituting itself, has opted not to endorse in the ranked-choice election, which is nonpartisan but typically draws strong party interest.

As part of her announced Her released this statement: “We need a mayor who is ready to step up, engage with the community, and provide focused leadership that will move our city forward. My story is the story of the American Dream — but for many, that dream is no longer attainable.”

She noted she was born in a bamboo hut in Laos and arrived in the U.S. with her family as refugees.

“My parents had working-class jobs that paid enough to buy a home, give us a high-quality education, and break the poverty cycle in one generation. Everyone deserves that chance … We need leadership that meets this challenging time. We must expect more from our leaders to deal with the cruelty and volatility of Trump’s tariffs, immigration policies, and cuts at the federal level that threaten the livelihood of our community.”

She was first elected to the state House of Representatives representing District 64A — which covers Union Park and Summit-University neighborhoods — in 2018 and won a fourth term in 2024.

Voters will rank candidates in order of preference, and there will be no political primary to pare the field. Also appearing on the Nov. 4 ballot are questions about a St. Paul Public Schools levy and whether to empower the St. Paul City Council to impose administrative citations, or noncriminal fines.

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Flames and smoke force passengers to flee New York City area train

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JERSEY CITY, N.J. (AP) — Flames leapt from the rails of a New York City area commuter train on Monday morning and smoke filled at least one car as passengers evacuated, according to authorities and video captured by a passenger.

This image provided by Joseph Nikhil Reddy shows flames rising nearly to the top of a Port Authority Trans-Hudson (PATH) train car at the Newport station in Jersey City, N.J., Monday, Aug. 4, 2025. (Joseph Nikhil Reddy via AP)

A roughly 30-second video posted to social media showed thick smoke on a Port Authority Trans-Hudson train car at the Newport station in Jersey City, New Jersey. People can be heard on the video saying “open the door,” and “easy, easy,” as they eventually disembark.

The video then shows bright orange flames rising nearly to the top of the train car from the rails.

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The fire started at 6:19 a.m. on an eastbound train, and passengers were evacuated to the platform, the Port Authority of New York and New Jersey, which operates the train, said in a statement.

Thirteen people were treated for smoke inhalation at the scene, nine of whom were transported to the hospital for further evaluation, the Port Authority said.

The incident is being investigated, it added.

The PATH trains conduct an average of about 165,000 passenger trips daily across the Hudson River from northern New Jersey into Manhattan.

US stocks rise and recover roughly half of Friday’s wipeout

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By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — U.S. stocks are recovering some of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street.

The S&P 500 rose 0.8% in early trading to claw back roughly half of Friday’s drop. The Dow Jones Industrial Average was up 310 points, or 0.7%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.2% higher.

Wayfair helped lead the way with a 12.3% jump after the retailer of furniture and home decor said accelerating growth helped it make more in profit and revenue during the spring than analysts expected.

Tyson Foods also delivered a bigger profit for the latest quarter than analysts expected, and the company behind the Jimmy Dean and Hillshire Farms brands climbed 3.8%.

They helped offset a 7.1% drop for On Semiconductor, which only matched analysts’ expectations for profit in the latest quarter. The company, which sells to the auto and industrial industries, said it’s beginning to see “signs of stabilization” across its customers.

The pressure is on U.S. companies to deliver bigger profits after their stock prices shot to record after record recently. The jump in stock prices from a low point in April raised criticism that the broad market had become too expensive.

Stocks just sank to their worst week since April not so much on that criticism but on worries that Trump’s tariffs may be hitting the U.S. economy following a longer wait than several economists had expected. Job growth slowed sharply last month, and the unemployment rate worsened to 4.2%.

Trump reacted to the disappointing jobs numbers by firing the person in charge of compiling them. He also continued his criticism of the Federal Reserve, which could lower interest rates in an effort to shoot adrenaline into the economy. The Fed has instead been keeping rates on pause this year, in part because lower rates can send inflation higher, and Trump’s tariffs may be set to increase prices for U.S. households.

Friday’s stunningly weak jobs report did raise expectations on Wall Street that the Fed may have to cut interest rates at its next meeting in September. That caused Treasury yields to slump in the bond market, and they were mixed on Monday.

The yield on the 10-year Treasury eased to 4.21% from 4.23% late Friday.

The two-year yield, which moves more closely with expectations for Fed action, edged up to to 3.70% from 3.69%.

This upcoming week may have less fireworks on Wall Street following last week’s jobs report, big economic updates and profit reports from several of the U.S. stock market’s most influential companies. The highlights include earnings updates from The Walt Disney Co., McDonald’s and Caterpillar, along with updates on U.S. business activity.

On Wall Street, Boeing slipped 0.8% after workers who build fighter jets for the troubled aerospace giant went on strike overnight.

About 3,200 workers at Boeing facilities in the Midwest voted to reject a modified four-year labor agreement with company, their union said. The vote followed members’ rejection last week of an earlier proposal from the troubled aerospace giant which had included a 20% wage increase over four years.

Berkshire Hathaway fell 3.2% after Warren Buffett’s company reported less than half as much profit in the second quarter from a year earlier in large part because it wrote down the value of its investment in Kraft Heinz.

Tesla rose 2.5% after awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion. The move, which comes just six months after a judge ordered the company to revoke his massive pay package, could remove potential worries that Musk may leave the company.

In stock markets abroad, indexes rose across much of Europe and Asia.

South Korea’s Kospi rose 0.9%, and France’s CAC 40 climbed 1%, while Japan’s Nikkei 225 was an outlier with a drop of 1.2%.

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

US tariffs put 30,000 South African jobs at risk, officials say

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By MICHELLE GUMEDE, Associated Press

JOHANNESBURG (AP) — U.S. reciprocal tariffs have put an estimated 30,000 jobs at risk, South African authorities said Monday, four days before a 30% U.S. tariff on most imports from South Africa kicks in.

South Africa was slapped with one of the highest tariff rates by its third-largest trading partner — after China and the EU — creating uncertainty for the future of some export industries and catapulting a scramble for new markets outside the U.S. Tariffs come into effect on Aug. 8.

In an update on mitigation measures, a senior government official warned that an estimated 30,000 jobs were in jeopardy if the response to the higher tariffs was “mismanaged”.

Trucks move amid containers stacked at a depo, in Johannesburg, South Africa, Friday, Aug. 1, 2025. (AP Photo/Themba Hadebe)

“We base this on the ongoing consultations that we have with all the sectors of the economy from automotive, agriculture and all the other sectors that are going to be impacted,” said Simphiwe Hamilton, director-general of the Department of Trade, Industry and Competition.

South Africa is already grappling with stubbornly high unemployment rates. The official rate was 32,9% in the first quarter of 2025 according to StatsSA, the national statistical agency, while the youth unemployment rate increased from 44,6% in the fourth quarter of 2024 to 46,1% in the first quarter of 2025.

In his weekly public letter on Monday, President Cyril Ramaphosa said that South Africa must adapt swiftly to the tariffs since they could have a big impact on the economy, the industries that rely heavily on exports to the U.S. and the workers they employ.

“As government, we have been engaging the United States to enhance mutually beneficial trade and investment relations. All channels of communication remain open to engage with the US,” he said.

“Our foremost priority is protecting our export industries. We will continue to engage the US in an attempt to preserve market access for our products.”

President Donald Trump has been highly critical of the country’s Black-led government over a new land law he claims discriminates against white people.

Negotiations with the U.S. have been complicated and unprecedented, according to South Africa’s ministers, who denied rumors that the lack of an ambassador in the U.S affected the result of the talks. The Trump administration expelled Ebrahim Rasool, South Africa’s ambassador to Washington, in mid-March, accusing him of being a “race-baiting politician” who hates Trump.

International Relations Minister Ronald Lamola highlighted that even countries with ambassadors in the U.S. and allies of Washington had been hard hit with tariffs. However, Lamola confirmed that the process of appointing a replacement for Rasool was “at an advanced stage”.

The U.S. accounts for 7.5% of South Africa’s global exports. However, several sectors, accounting for 35% of exports to the U.S., remain exempt from the tariffs. These include copper, pharmaceuticals, semiconductors, lumber products, certain critical minerals, stainless steel scrap and energy products remain exempted from the tariffs.

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The government has been scrambling to diversify South Africa’s export markets, particularly by deepening intra-African trade. Countries across Asia and the Middle East, including the United Arab Emirates, Qatar, and Saudi Arabia have been touted as opportunities for high-growth markets. The government said it had made significant progress in opening vast new markets like China and Thailand, securing vital protocols for products like citrus.

The government has set up an Export Support Desk to aid manufacturers and exporters in South Africa search for alternate markets.

While welcoming the establishment of the Export Support Desk, an independent association representing some of South Africa’s biggest and most well-known businesses called for a trade crisis committee to be established that brings together business leaders and government officials, including from the finance ministry.

Business Leadership South Africa said such a committee would ensure fast, coordinated action to open new markets, provide financial support, and maintain employment.

“U.S. tariffs pose a severe threat to South Africa’s manufacturing and farming sectors, particularly in the Eastern Cape. While businesses can eventually adapt, urgent temporary support is essential,” said BLSA in a statement.