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Mornly

Saturday, June 27, 2026

Top news

  • US Supreme Court ended asylum access by allowing government to stop migrants from reaching US soil, a 6-3 ruling affecting over a million people.
  • US announced a framework agreement between Israel and Lebanon on Middle East peace, with the US coordinating the diplomatic effort.
  • John Bolton pleaded guilty to retaining national defense information as Trump's first-term security adviser and apologized for the offense.

World

  • Israel will withdraw from two areas in southern Lebanon, transferring the sites to the Lebanese military, under a newly signed framework agreement after four days of talks in Washington.
  • Two major earthquakes in Venezuela have killed at least 164 people and left hundreds injured.
  • An Ebola outbreak is spreading across eastern Democratic Republic of the Congo with more than 1,000 confirmed cases and more than 250 deaths in just over a month.

Business

  • Nasdaq posted its fifth consecutive losing session as chip stocks declined, with the index dropping 0.24% to close at 25,297.62.
  • Apple fell 6.2% after announcing price increases for MacBook and iPad models, citing higher chip and component costs.
  • Chip stocks weakened after reports that OpenAI is delaying its IPO to next year due to SpaceX's poor performance following its debut and overall volatility in AI-related shares.

Technology

  • IBM unveiled the world's first sub-1 nanometer chip technology at 0.7 nanometers, using a 3D nanostack architecture that crams nearly 100 billion transistors onto silicon the size of a fingernail.
  • SK Hynix announced plans to raise up to $29.4 billion through a Nasdaq listing to expand production capacity for AI chips with new facilities in South Korea and the US.
  • Apple implemented global price increases of 15% to 25% on Mac and iPad configurations due to memory and storage hardware costs driven by intense AI industry demand.

Science

  • Researchers discovered why H5N1 bird flu attacks cows' udders rather than lungs, finding the virus's preferred receptors concentrate in mammary tissue.
  • Astronomers may have observed a rare intermediate-mass black hole tearing apart and devouring a white dwarf star for the first time.
  • A study suggests Earth has been sending microbes to Venus for billions of years, with asteroid impacts launching organisms into space that could survive the journey in Venus' clouds.

Economy

  • Annual inflation reached 4.2% for the 12 months ending May, up from 3.8% previously, driven by energy costs jumping 23.5% due to the conflict with Iran.
  • Fed kept federal funds rate unchanged at 3.50%-3.75% in June, in its first meeting under new Chair Kevin Warsh, while nine officials signaled at least one rate hike this year with six anticipating two or more.
  • PCE inflation projections were revised sharply higher to 3.6% for 2026, up from 2.7%, and to 3.3% for 2027, as inflation remains elevated relative to the Committee's 2 percent goal.

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