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Mornly

Wednesday, July 29, 2026

Top news

  • Ukrainian President Volodymyr Zelensky met with President Donald Trump in Washington today.
  • Trump met with Israeli Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelenskyy to discuss foreign policy issues ahead of Sen. Lindsey Graham's funeral.
  • Iran reports human and economic losses during the war with the United States as diplomatic efforts continue over security in the Strait of Hormuz.

World

  • Iran reports loss of gas production capacity and claims Bushehr Airport has been disabled, with 350 government employee deaths during the war.
  • Iraqi Kurdistan Region came under large-scale drone attack while Israeli raids and arrests continued in the West Bank.
  • French authorities evacuated nearly 4,000 people from Atlantic coast tourist sites as returning heat threatened control of a massive wildfire west of Bordeaux.

Business

  • UPS beat earnings expectations with revenue of 22.8 billion and adjusted earnings of 1.76 per share, raising full-year revenue guidance to 91.2 billion.
  • Alphabet reported negative free cash flow of 5.9 billion in the quarter, its first negative quarter since its 2004 IPO due to heavy AI investment.
  • Volkswagen reported weaker second-quarter profits and confirmed plans to cut up to 100,000 jobs, double its previous stated target.

Technology

  • Samsung Electronics fell over 13% and SK Hynix dropped more than 14% in South Korea's market as semiconductor stocks experienced heavy selling.
  • Nvidia is considering a $250 billion financing guarantee tied to OpenAI's planned Ohio data center while also investing in Ilya Sutskever's Safe Superintelligence.
  • Anthropic released Claude Opus 5 as Big Tech faces pressure to prove record AI spending translates into sustainable returns.

Science

  • Researchers discovered charcoal hidden in black pigments at France's Font-de-Gaume cave, enabling radiocarbon dating that precisely aged the ancient paintings for the first time.
  • Scientists created an electron lighthouse using laser light to launch and steer electrons through semiconductors without applying electrical current, opening new possibilities for electronic devices.
  • Insulin-producing cells were found to depend on helper proteins to maintain production, and missing partners caused protein damage and reduced insulin output, suggesting a path to diabetes treatments.

Economy

  • Elevated energy prices have pushed inflation further from the Fed's 2% goal, with PCE inflation at 4.1% in May, well above target.
  • The Federal Reserve is expected to hold interest rates steady at 3.5% to 3.75% today, which would mark the fifth consecutive meeting without a rate change.
  • The labor market has seen robust job gains over the past few months and appears broadly in balance despite a softer-than-expected employment report in June.

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