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Mornly

Tuesday, August 4, 2026

Top news

  • Old Trails wildfire in Spokane, Washington burns 3,000 acres, destroys many structures and forces Fort Spokane residents to evacuate.
  • Kyiv mayor reports overnight Russian missile attack kills at least nine people and injures 24, damaging buildings and causing fires across Ukrainian capital.
  • Woman attempts to detonate bomb inside Moscow coffeehouse but stopped at entrance, killing three including perpetrator and injuring 21.

World

  • Trump called off a weekend attack against Iran at the request of Gulf allies, saying a deal is imminent and negotiations between the parties are set to resume Monday.
  • Russian ballistic missiles struck five districts of the Ukrainian capital Kyiv before dawn Saturday.
  • Trump delayed new strikes on Iran to resume negotiations Monday, while Ukrainian officials fear a Russian assault on energy infrastructure could make the coming winter the toughest test of the war.

Business

  • Dow Jones closed at an all-time high Monday, advancing 693.38 points to 53,178.41, while S&P 500 gained 1.48% and Nasdaq rose 2.1%.
  • SpaceX has lost over $500 billion in market cap since June 12 IPO, but Wall Street remains bullish ahead of the company's first earnings report on August 4.
  • IMAX shares hit an all-time high as Christopher Nolan's "The Odyssey" generated over $50 million in global ticket sales for the third consecutive weekend, tracking nearly double "Oppenheimer" revenue.

Technology

  • A federal judge said Trump administration lacks evidence to justify labeling Anthropic a supply-chain risk, casting doubt on the government's ban on its AI technology.
  • Amazon topped a $3 trillion market cap as its stock continued a post-earnings surge.
  • Alibaba shares rallied after unveiling its most powerful AI model.

Science

  • Global warming has shifted into a faster gear, with the planet warming at roughly 0.35°C per decade over the past ten years, after accounting for El Niño and volcanic effects.
  • NASA's Curiosity rover discovered a Martian valley covered by a "sea" of tiny polygon-shaped honeycomb fractures, each only a few inches wide.
  • Researchers at the University of Surrey found that sodium vanadium oxide performs better when its naturally occurring water is retained, potentially enabling more powerful sodium-ion batteries and ways to turn seawater into drinking water.

Economy

  • U.S. inflation fell to 3.5% in June, the first decline in five months, driven by energy price relief as Middle East tensions eased.
  • Federal Reserve voted 9-3 to hold interest rates steady at 3.5% to 3.75%, with three regional presidents dissenting over persistent high inflation.
  • Core PCE inflation came in at 3.3% annually in June, remaining well above the Fed's 2% target despite headline inflation's improvement.

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