The Justice Department announced an 11-count indictment against the Southern Poverty Law Center, including bank and wire fraud, alleging the civil rights group defrauded donors by secretly funding extremist informants. The SPLC's chief executive called the allegations "false" and vowed to continue fighting for justice.
President Trump announced an indefinite extension of the ceasefire with Iran, pending a "unified proposal" from Tehran, while simultaneously directing the military to maintain its blockade of the Strait of Hormuz. This move follows Iran's refusal to participate in new peace talks, with Trump describing the Iranian regime as "seriously fractured."
Virginia voters narrowly approved a Democratic-backed redistricting measure in a 50% to 49% vote, greenlighting new congressional maps projected to net the party as many as four additional US House seats in the upcoming midterm elections. The aggressive gerrymandering measure passed despite close margins.
The Senate Banking Committee's hearing for Kevin Warsh's Fed chair nomination sparked debate over central bank independence, with some analysts suggesting his "regime-change" plan remained intact despite scrutiny. Treasury yields rose as peace talks faltered, further complicating the economic backdrop for a potential new Fed chair.
President Trump unilaterally extended the two-week ceasefire with Iran, citing a request from Pakistan, even as plans for a new round of peace negotiations in Islamabad fell apart and Vice President JD Vance's trip was canceled. This decision comes as Trump previously threatened to resume bombing if talks collapsed.
FBI Director Kash Patel publicly addressed allegations from The Atlantic regarding excessive alcohol use, getting into a shouting match with a reporter while defending his job performance. A judge dismissed his defamation lawsuit against Frank Figliuzzi a day after Patel sued The Atlantic.
Oil prices edged lower then rose, with Brent crude nearing $100, as President Trump extended the Iran ceasefire, creating market uncertainty despite initial optimism. US stock futures climbed, while Asian markets opened lower, reflecting mixed investor reactions to the stalled peace talks.
Apple has elevated John Ternus to CEO and Johny Srouji to hardware boss, signaling an urgent push to build in-house chips for all devices and fix the company's AI strategy. Ternus, who doubted himself early in his career, now faces the defining challenge of competing in the AI market.
UK Prime Minister Keir Starmer faces intense pressure after a sacked civil servant revealed "pressure" from Downing Street to expedite Peter Mandelson's appointment as US ambassador despite vetting concerns. Mandelson, an associate of Jeffrey Epstein, was granted Foreign Office access before security clearance, leading to calls for Cabinet action.
Federal Reserve Chair nominee Kevin Warsh faced intense questioning during his Senate confirmation hearing, repeatedly pledging independence from President Trump's pressure for interest rate cuts. Senators Elizabeth Warren and Thom Tillis expressed concerns about his ability to defy the administration, linking his fate to a potential Fed renovation probe.