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Mornly

Saturday, August 1, 2026

Top news

  • No notable updates today.

World

  • At least 18 migrants died trying to reach the Spanish territory of Ceuta after thousands of people breached the frontier with Morocco.
  • A powerful earthquake damaged Kumamoto in southern Japan, including AEON Mall which collapsed, with searchers working at multiple sites.
  • Trump said the Board of Peace reached an agreement for Hamas to begin disarming in Gaza, with disarmament starting in roughly a month over seven to eight months total.

Business

  • Meta shares fell 4% in extended trading after the company said it expects 2026 capital expenditures to be higher than estimated.
  • Rivian beat expectations with $1.66 billion in quarterly sales, yet investors focused on profitability headwinds and sector weakness.
  • Rivian raised its full-year delivery guidance to 65,000-70,000 electric vehicles.

Technology

  • Amazon stock surged nearly 13% after beating earnings expectations, achieving its biggest single-day gain in over a decade, while Apple shares tumbled 7.2% as its Services and China revenue fell short.
  • AWS, Amazon's cloud computing division, grew 37% year-over-year with its fastest pace since 2021, demonstrating strong demand for AI-related cloud services.
  • Apple stock dropped over 9% despite beating earnings estimates, as investors reacted to weaker-than-expected Q4 guidance and disappointing revenue from the company's services businesses.

Science

  • A spent SpaceX rocket stage will impact the lunar surface on August 5, with scientists preparing to study the effects of human-made impacts on the moon.
  • Asteroid 44 Nysa has been revealed to have three lobes and a small moon using sophisticated high-contrast imaging.
  • Four independent research teams report big advances in quantum bit devices, including lower error rates.

Economy

  • Federal Reserve voted 9-3 to hold rates at 3.5% to 3.75% on Wednesday, with three regional presidents dissenting because inflation has remained above the 2% target for over five years.
  • Headline inflation for 2026 is running about 1 percentage point higher than expected a year ago.
  • Average monthly private payroll growth surged in early 2026 to over 2.5 times the monthly average from 2025.

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