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⚡ Today in History On August 22, 1989, Voyager 2 gave scientists the first confirmed evidence of Neptune's rings, ending decades of speculation. In 1910, Japan annexed Korea, starting 35 years of colonial rule. Today, North Korea fired a barrage of missiles hours after President Trump praised Kim Jong Un's conduct and said he expects to meet the North Korean leader again this year. |
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Top News |
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Trump vows sweeping economic pressure on Iran ~$93/BBL Frustrated by stalled nuclear diplomacy, President Trump said this week the US would launch a severe economic campaign against Iran. The Treasury also sanctioned Hezbollah, formally naming it an Iranian proxy and tightening pressure on Tehran's regional network. Brent crude jumped toward $93 a barrel on fears of wider disruption. |
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North Korea fires missiles hours after Trump praise One day after North Korea dismissed Washington's overture to revive talks, Kim Jong Un's military launched about 10 short-range ballistic missiles Thursday from the Pyongyang area. The missiles flew roughly 185 miles toward the sea, South Korea's Joint Chiefs of Staff said. The launch came hours after Trump praised Kim's conduct and said he expects to meet him again this year. |
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Russia and Ukraine trade strikes ahead of independence day 31 YEARS Ahead of Wednesday's 31st anniversary of Ukraine's independence from Soviet rule, President Volodymyr Zelenskyy warned Russia could attempt something especially destructive. A Russian missile strike Sunday hit Voznesensk, a town about 20 miles from the Pivdennoukrainsk nuclear plant, wounding 14 people, including 12 children. Ukrainian officials say Moscow has escalated missile and drone attacks in recent months. |
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Oil climbs toward $93 as sanctions on Iran widen As Washington tightens sanctions meant to cut Iran off from global banking and shipping networks, benchmark Brent crude traded above $93 a barrel Friday, on pace for its biggest weekly gain in months. West Texas Intermediate held near $86 a barrel. Gulf producers kept shipping crude through alternate routes despite the standoff over the Strait of Hormuz. |
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Dow sheds 700 points as bond yields climb -703 PTS Even after the Treasury unveiled a plan to at least double its buyback of long-term debt, the 10-year yield kept climbing Thursday, and stocks tumbled broadly. The Dow Jones Industrial Average lost 703.84 points, weighed down by a 9% plunge in Walmart shares. The S&P 500 fell 0.87% and the Nasdaq slid 1%, snapping a three-week winning streak. |
Nobody warned you about this
The downward slide has begun.
According to new research from Bloomberg, the U.S. dollar's share of global reserves has just fallen to the lowest level this century.
While everyone is distracted by hyped-up IPOs and the AI bubble, the world is walking away from the dollar – the foundation on which all of our lives are built is crumbling.
And I believe the consequences for the country – and your financial security – are extremely serious.
President Trump knows it. That's why he has taken emergency action by signing Executive Order 14241 to initiate the first full reset of the American dollar in half a century.
That means every dollar you have saved and invested… every good, every service, every asset… all of it could be about to be repriced against a new monetary anchor.
It’s not gold, or crypto – but something far more unexpected. An asset so fiercely contested and so critical that Vladimir Putin once claimed whoever controls it “will become the leader of the world”
Nobody can tell you exactly how this reset will play out.
But I do know that the last time America changed its money like this – half a century ago – it split the country in two. Between the folks who understood what was happening and responded accordingly – and those who got brutally left behind.
That line is being drawn again. And what you do with your money in the months ahead could decide which side you end up on.
I’d like to show you which investments could thrive – and which could be the most dangerous – inside Trump’s new monetary order.
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World |
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Russian missile attack near nuclear plant wounds 14 14 WOUNDED A Russian missile hit Voznesensk, a town about 20 miles from the Pivdennoukrainsk nuclear plant in Ukraine's Mykolaiv province, wounding 14 people, including 12 children. The strike renewed fears of a nuclear accident tied to the fighting. Ukrainian officials say Russia has escalated missile and drone attacks ahead of the war's next milestone. |
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UAE suspends economic ties with Iran After accusing Tehran of firing ballistic missiles at its territory, the United Arab Emirates suspended all financial and economic transactions with Iran this week. The move adds a Gulf ally to the growing list of nations isolating Iran's economy. Gulf oil producers say they are still moving crude through alternate shipping routes despite the tension. |
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Kushner meets Netanyahu after Israel rejects Gaza plan After Israel rejected a 15-point peace framework backed by the Trump administration's Board of Peace, White House envoy Jared Kushner met Israeli Prime Minister Benjamin Netanyahu this week. The plan called for Hamas to gradually disarm and hand Gaza's governance to an international force in exchange for an Israeli withdrawal. Mediators from Egypt, Qatar and Turkey continue talks in Cairo with Hamas political chief Khalil al-Hayya. |
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West Bank settler siege enters second week In the West Bank village of Qusra, Israeli settlers have besieged a Palestinian-American landlord's home for more than a week, cutting off food, water and electricity to those trapped inside. Palestinian officials say 15 residents remain affected. The standoff has drawn condemnation from Palestinian leaders, who call it a step toward West Bank annexation. |
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Lebanon strikes reported overnight as tensions rise Lebanese media reported Israeli warplanes carried out overnight strikes across several areas of southern Lebanon early Friday, with explosions heard across the region. The strikes came as Israel continued military operations near its northern border. No casualty figures were immediately available. |
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Politics |
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Trump and former enemy Michael Cohen reunite on radio Years after a bitter, public falling-out, President Trump joined former personal lawyer Michael Cohen for a radio interview that aired in part Thursday night on WABC in New York. Cohen said ahead of the taping that the two had forgiven each other. The rapprochement marks a striking shift for two men once locked in legal battles. |
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FBI searches ex-Rep. Eric Swalwell's home As part of an investigation into sexual misconduct allegations raised during his California gubernatorial bid, the FBI searched former Congressman Eric Swalwell's Washington home over the weekend. Agents also seized his electronic devices at the San Francisco airport. Swalwell has not been charged with any crime. |
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Trump scales back Korea drills, eyes Kim meeting Seeking to revive nuclear diplomacy, President Trump ordered the Pentagon to substantially reduce joint military exercises with South Korea this month. Trump said he expects to meet North Korean leader Kim Jong Un again later this year. The gesture has unsettled allies in the region, who worry it signals a shift in US strategy. |
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Treasury designates Hezbollah as Iranian proxy As part of Washington's wider campaign against Tehran, the US Treasury imposed new sanctions on Hezbollah this week, formally designating the group as an Iranian proxy. The move tightens restrictions on the Lebanese militant organization's financial networks. Officials said more sanctions targeting Iran's economy are expected in the coming weeks. |
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FDA taps controversial pick to reshape health rules Former think tank policy officer Heidi Overton has been chosen to lead a Food and Drug Administration push to reshape federal health regulations. Critics have raised concerns about her limited government experience. Supporters say the move signals a broader shake-up of federal health policy. |
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Markets |
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Dow drops 700 points on bond yield surge -1.32% Even after the Treasury unveiled a plan to at least double its buyback of long-term debt, the 10-year yield climbed Thursday, and stocks tumbled broadly. The Dow Jones Industrial Average lost 703.84 points, or 1.32%, closing at 52,759.21. The S&P 500 fell 0.87% to 7,641.16, while the Nasdaq Composite dropped 1% to 26,067.17. |
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Walmart shares plunge 9% Walmart shares fell 9% Thursday after the retailer's latest results disappointed investors already on edge about consumer spending. The decline dragged the Dow lower and overshadowed gains elsewhere in the retail sector. Walmart has not issued further comment on the drop. |
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Target rallies on earnings beat Target topped Wall Street's profit and sales targets this week and raised its guidance, extending a turnaround analysts have tracked for months. Investments in pricing, staffing and store standards are showing up in stronger comparable sales. Truist Securities called the results a sign the retailer's strategy is working. |
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Oil heads for its biggest weekly gain in months +5% WEEK Brent crude traded above $93 a barrel Friday, on pace for a weekly gain of more than 5%, as Washington's push to isolate Iran's economy raised fears of further supply disruption. West Texas Intermediate held near $86 a barrel. Despite the tension, Gulf producers kept shipping crude through alternate routes. |
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Harvard reveals $2.2 billion SpaceX stake Harvard Management Company disclosed this week that its endowment holds a $2.2 billion stake in SpaceX, making Elon Musk's rocket company its largest single holding. The university reported owning nearly 13 million shares as of June 30. SpaceX remains privately held, making the disclosure one of the clearest looks yet at its valuation. |
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Entertainment |
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DEA joins investigation into Hayden Panettiere's death at AGE 36 One week after actress Hayden Panettiere was found in cardiac arrest at a South Carolina home and pronounced dead at 36, federal drug agents have joined the investigation, according to NBC News and ABC News. An autopsy found no signs of trauma, and officials say the cause of death is still under review. Panettiere was known for starring roles in "Heroes" and "Nashville." |
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Netflix in talks for 'KPop Demon Hunters' tour Following the animated film's wins for best animated feature and best original song at the 2026 Oscars, Netflix is negotiating a global concert tour built around its songs, Bloomberg reported. Promoters are targeting arena shows in cities worldwide. Organizers are aiming for a 2027 run timed to a planned sequel. |
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Disney sets dates for 'Lilo & Stitch 2,' 'Incredibles 3' Disney this week announced theatrical release dates for two long-awaited sequels, "Lilo & Stitch 2" and "The Incredibles 3." Both franchises rank among the studio's most successful of the past two decades. Plot details for either film have not been released. |
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Wireless Festival canceled after UK bars Kanye West After United Kingdom authorities barred rapper Kanye West from performing, organizers canceled this year's Wireless Festival entirely. All tickets are being fully refunded. Organizers have not said whether the festival will return next year. |
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Trailer drops for McDonagh's Cold War thriller Director Martin McDonagh released the first trailer this week for "Wild Horse Nine," starring John Malkovich and Sam Rockwell as CIA agents dispatched before the 1973 Chilean coup. The film marks McDonagh's latest work following a string of dark comedies. A release date has not yet been announced. |
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