← All editions
Mornly

Sunday, August 2, 2026

Top news

  • Spain's Ceuta border crisis with Morocco has left 67 dead, including migrants who drowned and were killed in a stampede crossing a breakwater barrier.
  • A magnitude 7.1 earthquake struck Japan's Kyushu island Tuesday, with rescuers continuing search efforts in the Kumamoto area.
  • Minnesota's law targeting non-consensual AI-generated fake nude images takes effect today, allowing victims to pursue legal action with potential civil penalties up to $500,000 per violation.

World

  • Sixty-seven people died in a migrant crisis at Spain's Ceuta border with Morocco, including those who drowned and were killed in a stampede to cross a breakwater barrier.
  • President Trump announced that Hamas has agreed to completely disarm its forces while Israel vowed to withdraw troops from Gaza.
  • FIFA's senior advisor Carlos Cordeiro resigned to protest the organization's decision to sell stakes in future World Cup profits to private investors, calling it "a bad deal for football."

Business

  • Reddit stock plummeted as much as 23 percent after Q2 earnings beat estimates, as CEO Steve Huffman warned that Google's AI Overviews are reducing search referral traffic to the platform.
  • Reddit's daily active users rose 18 percent to 130.3 million and free cash flow more than doubled to 261 million in the quarter.
  • Reddit's Q2 earnings beat analyst estimates on revenue and profit, with global daily active unique users topping expectations at 130.3 million, up from 129.9 million forecast.

Technology

  • A federal judge said the Trump administration has not presented enough evidence to justify labeling Anthropic a supply-chain risk, casting doubt on the government's ban on its AI technology.
  • Qualcomm is raising phone chip prices starting September 1st, with CEO Cristiano Amon saying prices are going up.
  • Microsoft unveiled AI security tools it says cost less than competing ones and outperform them.

Science

  • Scientists built the first all-optical photonic time crystal, allowing them to reshape terahertz light behavior at extraordinary speeds, potentially enabling ultrafast computing.
  • A person's sleeping brain may reveal warning signs of dementia long before memory problems begin, with machine learning analyzing EEG recordings to detect older-than-expected brain age.
  • Engineers transformed a cobalt-aluminum compound into a material up to 10 times stronger than steel while remaining flexible enough to bend without breaking.

Economy

  • Federal Reserve held interest rates steady at 3.50%-3.75% for the fifth consecutive meeting on Wednesday, marking a contentious decision as three regional Fed presidents dissented, favoring a rate hike as inflation has remained above the 2% target for more than five years.
  • U.S. economy slowed to 1.5% growth rate in Q2 while June core inflation sits at 3.3%, leaving the central bank caught between weak growth and persistent price pressures from tariffs and Middle East tensions.
  • Annual inflation rate in the US is expected to ease to 3.8% in June 2026 from 4.2% in May, marking its first slowdown in five months, though progress remains modest with inflationary pressures from the Iran war and AI bottlenecks dividing Fed officials.

This was the shared edition.

Subscribers get theirs every morning at 7am, built around their own topics: their teams, a few stocks, their town, even subjects only they follow.

Build yours free →