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IRGC Unveils New Kamikaze Drones Used in Attack on Kuwait
Iran's Islamic Revolutionary Guard Corps (IRGC) has unveiled a new series of kamikaze drones, claiming they were used in tonight's attack on Kuwait. The aerospace drone command describes them as small but effective and designed for multiple operational purposes.
China Exports Record 1.07M Vehicles in June 2026, Up 73% YoY
China's vehicle exports hit a record 1.07 million units in June 2026, a 73% year-over-year increase, driven by EVs and plug-in hybrids backed by state subsidies and battery supply chain dominance.
Pelosi Supports Amendment to Cut $3.3B in Military Aid to Israel
Nancy Pelosi announced she will vote in favor of the Massie Amendment, which would cut $3.3 billion in U.S. military aid to Israel. The amendment is expected to fail but puts every member on record.
Vance Questions US Policy on Iran, Warns of Migration and Terror Risks
US Senator JD Vance questioned how current policy toward Iran serves American interests, warning of mass migration and global terrorist infrastructure, citing historical precedent.
JD Vance Says Israel Losing US Public Opinion Battle, Questions Iran Policy
US Senator JD Vance stated on the Joe Rogan Experience that Israel is losing the public opinion battle in the United States and questioned how US interests are served by the current Iran policy, warning of historical precedent.
JD Vance warns AI wealth concentration risks communism
In an appearance on The Joe Rogan Experience, U.S. Senator JD Vance argued that while AI will generate enormous wealth, concentrating benefits among a few will lead to communism, citing historical precedent.
Erdogan Vows Continued Support for Oppressed from Gaza to Syria
Turkish President Recep Tayyip Erdogan stated Turkey will continue backing oppressed peoples across regions including Gaza, Lebanon, Somalia, and Syria, asserting that the world's eyes are on Turkey.
Stocks, Bonds Gain After Soft PPI Cools Fed Hike Bets
U.S. stocks and Treasuries rose after core PPI came in below expectations, reducing fears of near-term Fed rate hikes. The S&P 500 gained 0.4% while oil prices remained above $80 on geopolitical tensions.
Trump Says Iran Called, Wants Talks; Oil Breaks $80
President Trump claims he received a call from Iran and that Tehran wants to negotiate, as US crude prices continue to climb above $80 per barrel.
Kuwait intercepts 4 cruise missiles, 21 drones from Iran
Kuwait's armed forces intercepted four cruise missiles and 21 drones launched from Iran on Wednesday, according to the Ministry of Defence. The attack targeted vital facilities, causing material damage but no injuries.
Airbus, Boeing Reroute Parts by Air to Cut Delays
Airbus has shifted some U.S.-built A350 fuselage part shipments from sea to air, while Boeing airlifted critical parts for 767 production, both citing flexible logistics to maintain manufacturing stability.
S&P 500 Down Days Show Record Positive Breadth, Signaling Rotation
Over the last 20 S&P 500 down days, an average of 239 stocks finished positive—the highest on record and triple the 2022 bear market level. This suggests investors are rotating rather than exiting equities.
WTI Holds Near One-Month Highs on Hormuz Supply Risks
West Texas Intermediate crude oil consolidates around $78.70, staying close to a one-month high as Middle East tensions keep the Strait of Hormuz supply disruption risk in focus.
Fed Beige Book: Prices Rose Moderately Across Most Districts
The Federal Reserve's Beige Book reports moderate price increases in nine districts, with two districts seeing robust growth and one slight. Price growth was the same or slower than the prior period in all districts.
Fed Beige Book: U.S. Economy Expanded at Slight to Moderate Pace
The Federal Reserve’s Beige Book reported that U.S. economic activity grew at a slight to moderate pace across most districts, with contacts anticipating continued growth despite uncertainty over elevated fuel costs. Employment rose overall, though gains varied by district.
Iran’s Top Negotiator Qalibaf Says Enemy Strategy Unchanged
Iran’s top negotiator, Mohammad Qalibaf, stated that the enemy’s strategy has not changed and that Iran’s approach in war or negotiation must be based on national interests, security, realism, and a long-term vision.
Semiconductor Stocks Lead S&P 500 Gains Over Past Six Months
Micron, AMD, Apple, Intel, Broadcom, Nvidia, and Sandisk have together contributed over 4.5 percentage points to the S&P 500's 8% gain in the last six months, with Micron alone adding 1.4 percentage points.
Fed's Cook Sees Disinflation but Warns of Persistent Price Pressures from Tariffs, Middle East, AI
Federal Reserve Governor Lisa Cook said disinflation is expected but risks remain from tariffs, Middle East conflict, and AI investment, while emphasizing that inflation expectations depend on appropriate monetary policy.
Fed's Cook: Prudent to Wait on Inflation, but Prepared to Act if Needed
Federal Reserve Governor Lisa Cook said it is prudent to wait 'a bit more time' for inflation to slow, but she is prepared to act if it does not occur 'soon.' She noted a shift in risks toward higher inflation and away from the labor market.
Trump Slams New York for Halting Data Center Projects, Says Jobs and Taxes Lost to Other States
President Donald Trump criticized New York Governor Kathy Hochul for terminating all data center construction in the state, claiming the move drives companies and economic benefits to other states like Alabama, Florida, Texas, and Arizona.
White House Official: No Netanyahu Meeting on Trump's Schedule Next Week
A senior White House official says no meeting with Israeli Prime Minister Netanyahu is currently scheduled on President Trump's calendar for next week, according to an Axios reporter.
US CENTCOM Denies Wheat Strike, Confirms Attacks on Iranian Military Sites in Hormuz
The US Central Command denied targeting a wheat storage facility and confirmed that on July 14, US forces struck Iranian military locations to weaken Iran's ability to threaten commercial shipping in the Strait of Hormuz.
BofA Survey Shows Institutional Investors Rush Into US Stocks; Cash Levels Near 13-Year Low
A Bank of America survey of 181 managers with $484 billion in assets shows cash allocations fell to 3.6%, near a 13-year low. Net overweight US equities hit 24%, the highest since December 2024, while 82% call long global semiconductors the most crowded trade for the third month.
Bank of Canada Keeps Q2 Output Gap, Neutral Rate Unchanged
The Bank of Canada estimates Q2 output gap between -1.5% and -0.5%, unchanged from April. Potential output growth for 2026 revised to 1.1% from 1.2%, while neutral interest rate midpoint remains at 2.25%-3.25%.