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Mornly

Wednesday, August 19, 2026

Top news

  • Trump ruled out extending Iran's expired ceasefire and threatened to bomb Oman if it obstructed efforts to reopen the Strait of Hormuz.
  • András Baka, former Supreme Court president, was elected Hungarian president and scheduled to take office today.
  • Two drones targeted Iraq's Kurdish regional government prime minister's office and intelligence chief's home yesterday, with the KRG saying the attack launched from Iranian territory.

World

  • Russia shipped drone components and ammunition to Iran through the Caspian Sea to help Tehran replenish war-damaged stockpiles, according to European intelligence documents.
  • President Trump ruled out extending a temporary ceasefire with Iran as the memorandum of understanding expired, while Iran threatened a new offensive military posture.
  • Ukraine drone attacks targeted Moscow region overnight with 620 drones, with Russian officials reporting casualties and building strikes in the region.

Business

  • S&P 500 fell on Tuesday pressured by sovereign bond yields reaching multidecade highs amid inflation concerns.
  • D.A. Davidson upgraded Duolingo to buy from neutral with a $160 price target, implying 23% upside.
  • Alibaba climbed 1.5% after Reuters reported it will sell gaming unit Lingxi Games for more than $2 billion to Trustar Capital.

Technology

  • Unitree, the world's largest humanoid robot maker, began trading on Shanghai's STAR Market today with an IPO oversubscribed 8,000 times by retail investors.
  • Apple is rumored to be developing camera-equipped AirPods that enable AI to see what the wearer sees.
  • Chip startup Etched has reached a $21 billion valuation as AI accelerates semiconductor design cycles.

Science

  • Researchers combined synthetic DNA with a semiconductor to create an ultra-low-power memory device capable of storing and processing information in the same place.
  • Astronomers using JWST data discovered a phenomenon called a "black hole star," an early rapidly growing black hole wrapped in dense gas, which may explain how billion-solar-mass black holes formed soon after the Big Bang.
  • An eight-year Finnish study found that children who spent more time on screens tended to show better cognitive processing as teenagers.

Economy

  • Nonfarm payroll employment fell 23,000 in July while unemployment held steady at 4.1 percent, signaling stalled labor market momentum.
  • US inflation rose to 2.9 percent annually in August, the highest level since January, driven by companies passing tariff costs to consumers.
  • Wall Street expects the Federal Reserve to cut interest rates by a quarter point at its next meeting despite the recent inflation uptick.

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