Geopolitics Trump Says Iran Violated Ceasefire With Drone Strike on Ship in Hormuz Trump accused Iran of a ‘foolish violation’ of the ceasefire after a drone hit a cargo ship in the Strait of Hormuz. US Central Command struck Iranian missile, drone, and radar sites in response.
Markets Trump Threatens 100% Tariff On Any Country With A Digital Services Tax Trump threatened a 100% tariff on any country that imposes a digital services tax on U.S. companies, saying the duty would override existing trade deals and apply immediately. Big tech is squarely in the crosshairs.
Geopolitics US, Israel, Lebanon Sign Framework Deal; Israel Keeps Security Zone The US, Israel, and Lebanon signed a trilateral framework agreement allowing Israel to maintain a security zone in southern Lebanon while the Lebanese army works to disarm Hezbollah.
Politics Newsom Says He'll Vote No on California's Billionaire Tax Measure Gavin Newsom says he'll personally vote no on California's one-time 5% billionaire tax measure, warning of capital flight while pitching a national billionaire tax instead.
Markets U.S. Strikes Iranian Targets After Drone Attack on Cargo Ship The U.S. conducted airstrikes on Iranian missile and drone facilities in response to Iran's attack on a cargo ship in the Strait of Hormuz, escalating tensions in the region.
Macro Bessent: Stock Market Can Do Great, But It's Main Street's Turn Treasury Secretary Scott Bessent reiterated that while the stock market can keep doing great, the policy focus is on Main Street. Here's the trade angle and the tickers to watch.
Markets Snap CEO Evan Spiegel, Miranda Kerr Erase $550M in California Medical Debt Snap CEO Evan Spiegel and Miranda Kerr partnered with Undue Medical Debt to erase $550M in medical bills for over 261,000 Californians, with relief letters arriving in mid-July.
Politics Gavin Newsom Calls for National Billionaires Tax Amid State-Level Opposition California Governor Gavin Newsom advocates for a federal billionaires tax while opposing a similar state-level initiative, citing economic concerns.
Markets SpaceX to Join Nasdaq-100 Index on July 7, 2026 SpaceX (SPCX) will join the Nasdaq-100 Index on July 7, 2026, potentially attracting significant passive fund inflows due to recent changes in Nasdaq's eligibility criteria.
Markets SpaceX Raises $25B in Debt Sale Less Than Two Weeks After IPO SpaceX (SPCX) raised $25 billion in its debut bond sale after orders neared $90 billion, less than two weeks after its record IPO. Proceeds will repay a bridge loan and fund AI, Starlink, and Starship spending.
Energy Trump Demands Faster Gas Price Drops, Orders DOJ Gouging Probe Trump ordered the DOJ to probe Big Oil for price gouging, demanding pump prices fall faster as crude tumbles. Refiners and integrateds like XOM, CVX, MPC and VLO are now in the political crosshairs.
Markets Jamie Dimon: ‘We’re in a Bull Market’ — But It’s a ‘Little Tsunami’ JPMorgan CEO Jamie Dimon says markets are in a bull run he likens to a ‘little tsunami’ — powered by AI capex but masking underpriced geopolitical risk.
Tech Apple Shuts First Unionized US Store, Union Cries Retaliation Apple has shut its Towson, Maryland store, the first US Apple location to unionize, prompting an NLRB unfair labor practice charge and union-busting accusations from the IAM.
Macro Iran War Has Cost U.S. Families $100B in Military Spending and Oil Moody's says the Iran war has already cost U.S. families $100 billion, or about $750 per household, between military spending and higher oil prices, with the bill still growing.
Geopolitics Israel’s Katz: IDF Won’t Leave South Lebanon, Even If US Demands It Israeli Defense Minister Israel Katz said the IDF will not withdraw from southern Lebanon even if Washington demands it, complicating fresh US-brokered talks and raising Middle East risk.
Markets Amazon Prime Day Household Spending Down 16% as Shoppers Pull Back Amazon Prime Day household spending is down about 16% versus last year per Numerator, with shoppers favoring essentials and demanding deeper discounts.
Politics Pentagon Reinstates Mandatory Flu Shots for Recruits Amid Lackland Outbreak The Pentagon reinstated mandatory flu shots for all military recruits as an outbreak at Lackland Air Force Base hit 275 cases, reversing an April policy that made the vaccine optional.
Real Estate Redfin: Home prices are picking up again as costs hit fresh highs Redfin says home prices are climbing again, with the median U.S. sale price at a record $403,889 and monthly housing payments at a one-year high even as pending sales fall for a fifth straight week.
Macro 40% of Investors See a No-Landing Scenario, BofA Survey Shows Bank of America's latest fund manager survey shows 40% of investors now expect a no-landing scenario, nearly double the August reading, while 47% still see a soft landing and just 5% expect a hard landing.
Markets Citigroup Updates Its Gold Prices Citigroup reduces its 3-month gold price target to $4,000 per ounce, citing limited near-term catalysts and improved macroeconomic conditions.
Geopolitics U.S., Iran Agree on Roadmap for Final Deal, Plan to End Lebanon Operations U.S. and Iran agreed on a 60-day roadmap toward a final deal, with a Lebanon deconfliction cell and a reopening of the Strait of Hormuz. Oil, defense and tanker names are in focus.
Markets Senate Advances Housing Bill to Limit Private Equity Purchases of Single-Family Homes The Senate advances a bipartisan bill to cap private equity ownership of single-family homes, aiming to increase housing affordability and supply.
Tech Microsoft Weighs Xbox Spin-Off, Joint Venture, or Subsidiary Carve-Out Microsoft is reportedly weighing a spin-off, joint venture, or wholly owned subsidiary structure for Xbox as gaming margins fall to 3% and capital shifts toward AI and cloud.
Markets Dimon: Bull Market Is Like a ‘Little Tsunami’ That’s Hard to Stop JPMorgan’s Jamie Dimon called the current bull market a ‘little tsunami’ that’s very hard to stop — while warning that geopolitical and long-term economic risks are being underpriced by investors.
Markets Trump: Stock Buybacks Are a Fake Way to Raise a Price Trump again called stock buybacks a fake way to lift share prices, putting defense contractors LMT, NOC, and RTX back in focus alongside the broader buyback tax debate.
