United States–Iran relations deteriorated further over the weekend as the two countries exchanged missile fire, with at least one commercial vessel struck in the Strait of Hormuz. Iran declared the vital waterway closed to shipping after the attacks, disrupting tanker movements and slowing traffic through one of the world’s most...
JPMorgan Chase is liquidating more than $160 billion in U.S. equities on Monday, July 13, in a move that sharply reduces its stock market exposure ahead of a pivotal week for Wall Street. The reduction comes just before major U.S. banks, including JPMorgan, Citigroup, Wells Fargo and Goldman Sachs, begin...
Microsoft is cutting about 4,800 jobs, or roughly 2% of its global workforce, as part of a sweeping restructuring aimed at redirecting resources toward artificial intelligence infrastructure. The move, disclosed in internal communications and implemented beginning this week, hits the commercial sales division and the Xbox gaming business hardest. Around...
A U.S. federal judge in the Southern District of New York has dismissed with prejudice a $280 million lawsuit brought by Vietnamese textile manufacturer Gilimex against Amazon.com Services LLC. In a 25-page ruling, Judge Lorna G. Schofield found that Gilimex intentionally submitted forged documents and committed fraud on the court,...
Detroit, United States – The $6.4 billion CAD Gordie Howe International Bridge, linking Detroit and Windsor, is scheduled to begin commercial operations on July 27, 2026, marking a major milestone for North American trade infrastructure. Positioned on the continent’s busiest international freight corridor, the new crossing is expected to play...
UNITED STATES – The global crypto derivatives market recorded about $77 million in liquidations over the past 24 hours, with short positions bearing a larger share of the impact than longs, according to Coinglass data published on July 12. Long liquidations totaled $30.2 million, while short liquidations reached $46.8 million....
Washington began dismissing more than 1,350 U.S.-based State Department employees on Friday as the Trump administration moves ahead with a large-scale overhaul of the diplomatic corps. According to an internal notice, the cuts target non-core functions, duplicative or redundant offices and areas where efficiencies can be found. The move affects...
Elon Musk abruptly canceled a highly anticipated live television interview with CNBC on Friday, July 10, 2026, as SpaceX shares fell about 3 percent amid post-IPO volatility. The interview was set for noon Eastern Time on CNBC’s “Fast Money Halftime Report” and was to be Musk’s first TV appearance since...
Albania’s Special Prosecution Against Corruption and Organized Crime (SPAK) is investigating whether a Miami-based businessman falsified deeds for coastal land earmarked for a multi-billion-euro luxury resort linked to Jared Kushner’s investment firm, Affinity Partners. In case files made public on Saturday, July 11, 2026, and reviewed by Reuters, prosecutors allege...
United States — A record number of Americans aged 18 to 34 are living with their parents, reaching a new peak in 2025, according to a June Realtor.com report based on U.S. Census data. More than 25 million adults under 35 now reside in the parental home, meaning roughly one...
