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Mornly

Monday, July 13, 2026

Top news

  • U.S. military hit 140 targets in Iran overnight while Iran responded with fire toward Jordan and other Gulf states.
  • Former Emir of Qatar Sheikh Hamad bin Khalifa Al Thani died at age 74, having ruled from 1995 to 2013.
  • Julian Alvarez scored in the 112th minute to send defending champion Argentina into World Cup semifinals against Switzerland.

World

  • U.S. military struck 140 targets in Iran overnight while Iran responded with fire toward Jordan and other Gulf states.
  • Argentina advanced to World Cup semifinals after Julian Alvarez scored in extra time against Switzerland.
  • A massive fire broke out at a pub in northern Bangkok, Thailand on Monday with huge plumes visible from the front door.

Business

  • S&P downgraded Oracle to lowest investment grade rating, citing concerns around its business model and rising capital expenditure requirements.
  • SK Hynix raised $26.5 billion in its U.S. IPO on Friday, opening at $170 on the Nasdaq as investors sought exposure to South Korea's second most valuable company.
  • Major banks including Citigroup, Goldman Sachs, Wells Fargo, JPMorgan Chase, and Bank of America will report second quarter earnings Tuesday, with BlackRock and Morgan Stanley reporting Wednesday.

Technology

  • Apple sued OpenAI for trade secret theft, alleging over 400 former Apple employees now at OpenAI came from its silicon and on-device AI teams.
  • SK Hynix raised $28 to $29 billion in the largest ADR listing in history, surpassing Alibaba's 2014 record.
  • Google plans to release Gemini 3.5 Pro on July 17 with a 2-million-token context window and Deep Think reasoning on its Ultra tier.

Science

  • Physicists recreated how energy can be extracted from spinning black holes using a lab device with synthetic ultrafast rotation.
  • Scientists found that extreme deep-sea pressure squeezes nutrients from sinking organic matter, providing an unexpected food source for ocean microbes.
  • Researchers discovered that tau protein is essential for turning new experiences into lasting memories by organizing the brain's memory-storing cells.

Economy

  • Inflation rose to 4.2% year-over-year in May from 3.8% in April, marking the second straight monthly acceleration.
  • The Bureau of Labor Statistics will release June CPI data on July 14 at 8:30 am ET, with markets expecting a potential negative monthly headline print despite persistent underlying inflation pressure.
  • June nonfarm payrolls came in at a disappointing 57,000 new jobs, a sharp slowdown that weakened arguments for a September rate hike.

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