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Mornly

Wednesday, July 8, 2026

Top news

  • A Qatari LNG tanker, the Al Rekayyat, suffered significant damage when struck while traveling through the Strait of Hormuz, with its engine room catching fire.
  • Massive crowds mourned Iran's slain Supreme Leader Ayatollah Ali Khamenei at his funeral in Tehran, with the coffin also carrying family members killed in a February 28 airstrike.
  • Officials evacuated a Manhattan high-rise building after discovering structural failings, with the Department of Buildings investigating the cause of columns buckling.

World

  • Russia struck Ukraine with missile and drone waves killing at least 22 people and exposing gaps in the country's air defenses over four years into the war.
  • Iran held funeral ceremonies for slain Supreme Leader Ayatollah Ali Khamenei with hundreds of thousands of mourners pouring into Tehran as his nation implements a ceasefire agreement with the United States.
  • Belgium crushed the United States 4-1 in World Cup knockout stage play, eliminating the American team from tournament competition.

Business

  • Microsoft is eliminating 4,800 jobs, or 2.1% of its workforce, with its Xbox gaming unit among the hardest hit.
  • CD Projekt co-founder Michał Kiciński has acquired full ownership of the DRM-free PC game storefront GOG from CD Projekt for an undisclosed sum, reportedly around $25 million.
  • Fiserv rallied more than 5% after reports that it has talked with major U.S. banks including JPMorgan and Bank of America to sell its payments infrastructure business that handles debit card transactions.

Technology

  • Sysdig published full analysis of JadePuffer, described as the first documented end-to-end autonomous AI ransomware attack that executed a complete extortion workflow.
  • Chinese AI startup DeepSeek is developing its own inference chip to reduce dependence on Nvidia and Huawei hardware.
  • Chinese AI models have accounted for more than 30% of weekly token usage by U.S. companies since February, peaking at 46% compared to roughly 11% over the prior 12 months.

Science

  • Researchers identified the brain circuitry linking deep sleep with growth hormone release, revealing how the two regulate each other.
  • ETH Zurich scientists created a light-controlled molecular switch that destroys cancer cell receptors responsible for dormancy triggered by stress hormones.
  • Researchers created quantum control techniques that make a system appear to run backward in time by precisely managing quantum measurements.

Economy

  • The economy added just 57,000 jobs in June, falling short of 113,000 expected, while unemployment fell to 4.2% from 4.3%.
  • Fed officials raised inflation projections to 3.6% for headline and 3.3% for core PCE this year, citing energy-driven supply shocks.
  • The Federal Reserve held interest rates steady at 3.50% to 3.75% in June, but markets now price in at least one rate hike later this year.

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