Iran massive attack signal, oil $100, Mag Seven crash, China SLBM

Trump nears decision on 'largest ever' Iran strike as 13th consecutive bombing night ends

Houthis strike Saudi tankers, declare maritime blockade; Brent tops $100 for first time since May

Houthi rebels struck two Saudi oil tankers — Encelia and Layla — in the Red Sea on July 23, firing missiles and drones. Encelia caught fire; all crew remained safe.

Magnificent Seven shed $797B in single session — worst day since April 2025 tariff tantrum

A tariff-expiration and earnings double-event wiped $797 billion from the Magnificent Seven Thursday — the worst single session since April 2025's tariff tantrum. Tesla collapsed 14.

Tesla Q2 EPS misses by 35%, free cash flow turns negative, stock falls 14.52%

Tesla reported Q2 2026 EPS of 33 cents, missing the consensus of 51 cents by 35% — the largest earnings shortfall in five quarters. Free cash flow turned negative for the first time since Q1 2023.

Alphabet Q2 revenue $119.8B, Cloud up 82%, but $205B capex guidance sinks stock 7%

Alphabet reported Q2 2026 revenue of $119. 8 billion, up 24% year-over-year, beating analyst estimates of $116.

Iran war hits $37.5B spent, 18 Americans dead; House passes war-powers rebuke 214-208

Defense Secretary Pete Hegseth told Congress the Iran war has cost $37. 5 billion since February 28 — equivalent to Australia's entire annual defense budget.

Section 122 tariffs expire July 24 at midnight; new 10-12.5% levies on 46 nations activate same day

The Section 122 emergency tariff regime — a flat 10% rate Congress passed in February 2026 to replace court-struck IEEPA levies — expired at midnight July 24 under its mandatory 180-day statutory sunset.

PLA fires SLBM toward Pacific with trajectory passing near Luzon — most provocative Chinese missile test in years

China's PLA Navy test-fired a submarine-launched ballistic missile on July 6 from the South China Sea, flying northeast across the Philippine Sea — passing near the northern coast of Luzon — before impacting between Nauru and Tonga.

Trump nominates FCC's Candeub to lead DOJ Antitrust; Google remedies and Apple cases in play

President Trump formally nominated FCC General Counsel Adam Candeub on July 21 to lead the DOJ Antitrust Division as Assistant Attorney General.

Andy Burnham sworn in as UK's 7th PM in a decade; Trump calls Britain 'a poverty stricken disaster'

Andy Burnham was sworn in as UK Prime Minister on July 20, becoming Britain's seventh head of government in a decade.

DRC Ebola death toll passes 1,033 with 37 new deaths in 24 hours across five provinces

The Democratic Republic of Congo's Bundibugyo Ebola outbreak has killed 1,033 as of July 23, with 37 new deaths in the preceding 24 hours across five provinces. Total confirmed cases: 2,536.

US and China accelerate $30B tariff-cut framework as Xi prepares US visit; PBOC injects $73.9B

The US and China are accelerating negotiations toward a $30 billion reciprocal tariff-cut framework ahead of a planned visit by President Xi Jinping to the United States, Bloomberg reported July 24.