The stock market is slated to have its worst day in two years following a weak July jobs report. In the largest single-day selloff since 2022, the Nasdaq and Dow Jones both lost 2.3%. Tech shares were hardest hit, with Amazon losing 11% and Intel losing 25% — one analyst called the latter crisis “existential”.

JUST IN: Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession.

This is the worst day for stocks since March 16, 2020, during the COVID-19 pandemic fears. pic.twitter.com/qIPu7xiz5X

— Jacob King (@JacobKinge) August 2, 2024

 It’s dampened the economic optimism of the past few months, with the WSJ’s economic ‘Fear Gauge’ spiking to a two-year high. Recession is coming…

Another Olympic fighter has emerged at the centre of gender drama, with a clip making the rounds of Taiwanese boxer Lin Yu-ting’s opponent crying after being repeatedly punched in the face.

Lin Yu-ting, a Taiwanese boxer who was banned from the Women’s World Boxing Championships after testing positive for XY chromosomes just punched female boxer Sitora Turdibekova in the face on live TV.

He was declared the winner.

Yu-ting is not a winner. He is a cheater. pic.twitter.com/hhjjrRVpJW

— Libs of TikTok (@libsoftiktok) August 2, 2024

Yu-ting was previously disqualified from the women’s boxing World Championships under a rule that barred fighters with XY chromosomes, including those who are intersex. The Olympics allowed both Lin Yu-ting and an Algerian fighter who had previously been banned under the same circumstances to compete against women in Paris. Taiwan’s president has come to the boxer’s defence. We’ll see what JK Rowling has to say about this…

Glaad’s campaign against the New York Times for its coverage of trans issues was perhaps ill-conceived, as the outlet has now exposed gross financial mismanagement within the LGBT pressure group.

Glaad has been using tax-exempt donor money to pay for its CEO’s first class flights, lavish summer vacations and $20,000 home office remodel, per the NYT expose. The CEO and her colleagues reportedly spent half a million dollars on a weeklong rental in Davos. Meanwhile, the organisation penalised a low-level employee for expensing a single coffee.

The question must be asked: what else were they supposed to do with tens of millions in annual revenue? Aside from writing angry public letters to the NYT and strong-arming retailers into painting rainbows on their storefronts each June, Glaad frankly doesn’t have much else to do. There are worse ways to use charitable funds.