Senator Lindsey Graham of South Carolina died at 71 after a sudden illness, with his sister Darline Graham Nordone appointed to serve the remainder of his term. Tributes poured in for the longtime senator and Trump ally.
Yemen's Houthi movement launched missiles at Saudi Arabia's Abha airport, accusing the kingdom of bombing Sanaa airport. This escalation breaks a four-year truce and threatens to draw the Houthis into the broader Iran conflict.
Reports reveal a years-long Mossad operation to groom former Iranian president Mahmoud Ahmadinejad as an intelligence asset, culminating in an effort to take him to a safe house in Iran. This plan aimed to install him as the country's next leader.
Twelve states have filed a lawsuit to block the proposed $110 billion merger of Hollywood giants Paramount and Warner Bros. Discovery. The states argue the acquisition would 'extinguish competition' and increase consumer prices.
The US and Iran have resumed military strikes, with President Trump announcing a 20% fee on ships using the Strait of Hormuz, leading to a surge in oil prices and renewed inflation concerns. Iran retaliated by attacking tankers in the Gulf.
US consumer prices declined in June for the first time since 2020, with inflation cooling to 3.5% and core inflation remaining flat. This unexpected slowdown has led traders to reduce bets on a July Federal Reserve interest-rate hike to 20%.
A federal judge ruled that President Trump's lawsuit against the IRS was filed for an 'improper purpose' and referred his lawyer for possible discipline. The judge concluded the case lacked a true 'case or controversy' as both sides were controlled by the president.
China's exports rose at the fastest pace since 2021, with monthly car exports topping 1 million for the first time, leading to a dramatic surge in its trade gap. The EU is now prepared to introduce emergency import curbs to combat this export surge.