Federal agents delivered subpoenas to New York Times reporters at their homes after a report on the new Air Force One Boeing 747-8 from Qatar.
Iran's Revolutionary Guard Corps announced the closure of the Strait of Hormuz, warning vessels not to attempt to cross it via any route not approved by Iranian authorities.
More than one million people were evacuated as Typhoon Bavi made landfall in China.
World
Over 1 million people evacuated as Typhoon Bavi made landfall in China.
US bombed Iran for a second consecutive night after Trump declared the ceasefire over, striking 90 targets including near the Strait of Hormuz.
Rep. Ro Khanna claimed he was detained by armed Israeli settlers while visiting the West Bank.
Business
SK Hynix went public on Nasdaq Friday, raising $26.5 billion and opening at $170, up 14% from its $149 IPO price.
Meta is building custom silicon chips to add 14GW of total compute capacity in 2026 and 2027, and Meta stock surged nearly 6% Friday, up 22% in ten trading days.
Trump told NATO that the ceasefire with Iran is over amid renewed Middle East hostilities, pushing Brent crude up 5.43% to $78.19 and West Texas crude up 4.37% to $73.52.
Technology
SK Hynix rose 13% in its Nasdaq debut, marking the South Korean chipmaker's entry into U.S. markets as AI drives demand for memory semiconductors.
Meta unveiled Muse Image, its most advanced in-house image-generation model, which supports faithful prompt-following, precise editing, multi-reference composition, and agentic capabilities including web search and code generation.
OpenAI rolled out GPT-Live-1 and GPT-Live-1 mini for ChatGPT Voice, giving users a more natural experience with full-duplex conversation that listens and speaks continuously.
Science
Researchers created a long-sought two-dimensional quantum material predicted over a decade ago, confirming its unusual conducting edge states.
Electricity can dramatically reshape heat flow through certain ceramic materials, increasing heat conduction by almost threefold in a preferred direction.
Researchers found that second pregnancies rewrite the brain differently than first pregnancies, with different patterns of neural changes.
Economy
US employers added just 57,000 jobs in June, far below expectations of 115,000, marking weak hiring momentum.
Annual US inflation jumped to 4.2% in May from 3.8% in April, driven by energy costs surging 23.5% due to the Iran conflict.
The Federal Reserve held interest rates steady at 3.50-3.75% at its June meeting, with new Chair Kevin Warsh emphasizing focus on price stability rather than job growth.
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