Ukrainian long-range drone strikes have hit an oil refinery in Omsk, Russia, marking a significant escalation in the conflict. According to reports following a July 6, 2026, social media video, the attack highlights Ukraine’s improved ability to target energy infrastructure up to 2,500 kilometers from its borders. How are drone strikes changing the war? Ukraine’s … Read more
The Trump administration is tempering its demands for immediate interest rate cuts as inflation climbed to 4.1% in May, according to Bureau of Economic Analysis data. This shift grants newly installed Federal Reserve Chairman Kevin Warsh a political grace period to manage economic volatility, though the White House maintains that its long-term goal remains lower … Read more
The U.S. House of Representatives is moving to shift the financial burden of artificial intelligence’s energy consumption from residential ratepayers to tech companies. On Wednesday, the House Energy and Commerce Committee’s energy subpanel will debate the Ratepayer Protection Act, a bipartisan bill designed to codify the White House’s “Ratepayer Protection Pledge.” If passed, the legislation … Read more
President Donald Trump has threatened to sue ABC for false reporting regarding the repair costs of the Lincoln Memorial Reflecting Pool. While Trump claimed the Obama and Biden administrations spent over $100 million on the landmark, PBS reported the Obama administration spent roughly $35 million, and no major repairs were noted during the Biden administration. … Read more
India is currently re-evaluating its artificial intelligence strategy as U.S. export controls and sudden access restrictions from major AI providers threaten the nation’s reliance on foreign foundational models. While India has focused on building an application layer atop established global platforms, recent directives—such as Anthropic’s decision to limit model access for foreign nationals—have exposed a … Read more
U.S. stock futures traded sideways Tuesday morning after the Dow Jones Industrial Average hit a record high on Monday. The surge followed President Donald Trump’s announcement of a U.S.-Iran deal to end Middle East hostilities. The agreement, which includes reopening the Strait of Hormuz, triggered a nearly 5% drop in oil prices. Why did the … Read more
SpaceX has shifted from a Google-backed startup to a critical infrastructure provider for the search giant, inking a $920 million monthly deal to supply AI compute capacity as part of a broader, complex rivalry between Elon Musk and Google co-founder Larry Page. This partnership, which follows Google’s initial $900 million investment in SpaceX in 2015, … Read more
The United States and Iran may finalize an agreement to end their three-month-old war within the next few days, according to a senior Trump administration official. While officials express optimism regarding a resolution involving the dismantling of Iran’s nuclear program and the reopening of the Strait of Hormuz, the administration maintains that the agreement is … Read more
Iranian state media outlet Fars reported Thursday that Iran will treat all of Elon Musk’s companies in the Middle East, including the SpaceX Starlink satellite internet service, as military targets. This threat follows a series of escalating strikes between the U.S. and Iran, with President Donald Trump warning of further military action against Iranian infrastructure, … Read more
President Donald Trump has signaled or stated more than 30 times since mid-March that a peace deal with Iran is imminent, yet no formal agreement has materialized, according to a CNBC review of public remarks and social media posts. While these repeated claims have failed to yield a diplomatic breakthrough, they continue to influence global … Read more