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The Latest Breaking News from United States

US Stocks | AI chip slump extends on Wall St as SanDisk sinks 12%, Micron drops 9% and AMD falls 5%

Wall Street witnessed a significant downturn in semiconductor stocks Tuesday, impacting major AI beneficiaries. Memory chipmakers like SanDisk and Micron saw substantial drops as investors re-evaluated high valuations amid escalating AI spending. This correction, also affecting broader tech, signals growing caution about the speed of returns from massive AI investments,…

The Economic Times

Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P Global

Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners, however, are demonstrating remarkable resilience, successfully diversifying their crude oil sources to include Russian, Brazilian, West African, and US grades amidst ongoing global energy supply…

The Economic Times

The Latest: Pentagon asks Congress for roughly $80 billion to cover cost of Iran war

Iran's president is in Pakistan to talk with mediators as negotiations between Tehran and Washington proceed on ending the war

The Independent UK

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You Can Root for Iran at the World Cup Without Rooting for the Iranian Regime

Plus: the worst rule at the World Cup, and the worst person in golf?

Reason

As Centrus Order Backlog Swells, Growth Acceleration Can Trigger Stock Upside

Oklo, Centrus Energy surge after signing LOI for Aurora nuclear fuel supply.

Barchart

Iran has billions of frozen assets in India, China, Iraq; but why removing sanctions isn't easy

Iran stands to gain access to billions of dollars in oil revenues after the United States granted a 60-day sanctions reprieve as part of a newly signed US-Iran memorandum of understanding (MoU). But actually unlocking decades of frozen assets and fully dismantling the sanctions regime could prove far more difficult…

The Times of India

The grim industry summer continues as EA lays off staff ahead of $55 billion sale to Saudi Arabia, likely to soothe the sting of its $20 billion debt

The layoffs will continue until… well, something improves.

PC Gamer

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Major US fast food chain to open UK branches for the first time

Houston TX Hot Chicken is planning to open three restaurants in the UK in 2026, with dozens more in the coming years

Evening Standard

Polymarket allegedly faked trades. Chances are slim Trump admin investigates, says sports-betting attorney

A recent Wall Street Journal investigation found that the prediction market allegedly hired influencers to stage fake trades as part of its marketing campaign to attract U.S. users.

Fortune

JD Vance has written another book? Couldn’t he just concentrate on his day job?

As the US tries to limit the damage from the Iran war, its vice-president has admitted he doesn’t understand diplomacy, writes Arwa Mahdawi. Of course not: he’s been too busy churning out another memoir

The Guardian - UK

Judge rules government can't stop SNAP dollars from buying candy and sugary drinks

A judge has ruled that the U.S. government cannot stop people enrolled in the biggest food aid program from using benefits to buy candy and soda

The Independent UK

75 Memes That Perfectly Sum Up The Chaos Of Being Alive Right Now

For most of us, sharing a meme with friends, family, or even colleagues has become a daily ritual. Especially the good ones — the unhinged replies on random posts, the real-life stories that are too funny to be made up, the kind of humor that makes you immediately think of…

Bored Panda

Anthropic engineering head says Claude Code made employees’ work a ‘lonely experience’—and it could hint at Big Tech’s bigger morale problem

Tech workers are some of AI’s biggest users and supporters, but the people using the tech the most may also be experiencing the most anxiety about it.

Fortune

Dollar Climbs as Stocks Slump

The dollar index (DXY00 ) climbed to a 13-month high today and is up by +0.33%. The dollar is finding support from today's plunge in equity markets, which is boosting liquidity demand for the dollar. The dollar also has carryover support from last Wednesday, when the FOMC projected higher interest...

Barchart

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The Independent UK

Kenya's health minister orders suspension of construction on a US-backed Ebola facility

Kenyan Health Minister Aden Duale has ordered the suspension of the construction of an Ebola quarantine center for Americans after he was held in contempt by a court that had halted the project

The Economic Times

General Motors layoffs: GM replaces over 1,000 workers with 50 robots at US flagship plant in Michigan, says "we are implementing..."

General Motors Detroit plant robots: General Motors has introduced 50 collaborative robots at its Factory Zero plant, a move that has led to over 1,000 job cuts. While GM states these 'cobots' are designed to assist workers and improve conditions, the United Auto Workers union strongly criticizes the decision, viewing…

The Times of India

'Nuclear inspection in Iran to be highest': Trump says blockade to resume if Iran goes back on deal

US President Donald Trump announced Iran has agreed to long-term nuclear facility monitoring and financial concessions, with Washington easing Strait of Hormuz shipping restrictions. Trump claimed this secures "Nuclear Honesty" and an open Strait, citing record oil flow. However, Iranian officials disputed the scope of nuclear inspections, stating previously targeted…

The Guardian - UK

Fifa leadership ‘overruled US-based staff’ opposing World Cup dynamic pricing

A number of Fifa’s US-based staff advised against the use of dynamic pricing at the World Cup but were overruled by the world governing body’s leadership

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Latin Times

U.S. Issues Sweeping Iran Oil Sanctions Waivers, Unlocking Billions in Revenue for Tehran: What Changed?

The Trump administration has taken one of the most dramatic steps toward easing pressure on Iran in decades, issuing a broad sanctions waiver that allows Tehran to resume legal oil exports and regain access to billions of dollars in potential revenue.

The Times of India

US imposes fresh sanctions on Cuba amid Trump's 'takeover' rhetoric

The United States on Tuesday issued a series of sanctions related to Cuba, amid recent rhetoric from US President Donald Trump suggesting a possible takeover of the communist island.

The Independent UK

Donors gave U.S. charities $617 billion in 2025, according to Giving USA report

Philanthropic donations in the U.S. rose to $617 billion in 2025, marking a 3% increase from the previous year

The Independent UK

Supreme Court OKs ExxonMobil lawsuit over Cuban property seized by Fidel Castro's government

The Supreme Court has ruled that ExxonMobil can sue Cuban state-owned companies in American courts over property on the island nation that was seized after Fidel Castro took power

Barchart

How Is Pinnacle West Capital's Stock Performance Compared to Other Utilities Stocks?

Pinnacle West Capital has outperformed the Utilities industry over the past year, and analysts are cautiously optimistic about the stock’s prospects.

Euronews

Kubilius: Europe should prepare for ‘more’ attacks following suspected targeted killing in Poland

The EU’s defence chief has cautioned that Moscow will continue provoking Europe as it falters on the frontlines, particularly after the high-profile death of an exiled Russian citizen critical of Putin living in Poland.

The Guardian - US

US AI stock sell-off shakes markets from Wall Street to Asia

Losses spread globally as investors questioned soaring valuations and spending on AI infrastructure

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