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Mornly

Tuesday, July 7, 2026

Top news

  • China launched a ballistic missile from a nuclear submarine into the Pacific Ocean, a rare display of sea-based nuclear capabilities ahead of the NATO summit in Ankara.
  • Hamas announced the dissolution of its Gaza governing body.
  • Ezra Jin, pastor of Beijing's unregistered Zion Church, safely arrived in Los Angeles to reunite with his family after Trump pressed Xi Jinping on his detention.

World

  • China announced it launched a ballistic missile from a nuclear submarine into the Pacific Ocean, a rare display of sea-based nuclear capabilities.
  • President Donald Trump says he's attending the NATO summit in Ankara because of Erdoğan, signaling closer U.S.-Turkey defense cooperation.
  • Hamas announces dissolution of Gaza governing body.

Business

  • Microsoft eliminated 4,800 jobs, 2.1% of its workforce, with Xbox division losing about one-fifth of its staff.
  • Klarna seeks U.S. bank charter in latest push beyond buy now, pay later.
  • Versant agreed to buy golf simulator company Full Swing for $530 million.

Technology

  • AI executed a simulated ransomware attack independently, and Tesla's driverless robotaxis rolled through Miami streets without human oversight.
  • China invested nearly $900 million in its homegrown AI chip company while OpenAI floated the idea of giving the U.S. government a multibillion-dollar ownership stake.
  • Meta released Pocket, an app that lets users create mini-games and interactive experiences using AI with minimal or no coding.

Science

  • SpaceX Falcon 9 rocket launching 81 payloads to orbit from California Tuesday morning with live viewing available.
  • Theoretical physicists discovered a solution to Einstein's General Relativity that avoids automatic black hole formation when massive stars collapse.
  • New research warns 1.7 million satellites companies plan to launch will have devastating consequences for astronomy.

Economy

  • Headline inflation accelerated to 4.2% in May, the highest since April 2023, driven by energy costs jumping 23.5% as gasoline prices soared 40.5%.
  • Fed Chair Kevin Warsh held rates at 3.5%-3.75% at his first meeting in June and removed guidance against rate hikes, with officials signaling a possible increase later this year.
  • Job growth accelerated with 565,000 new positions created in the last three months through May, marking a sharp reversal from losses in the prior quarter.

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