Falling Gas Prices Eased Inflation Last Month Amid Rising Global Uncertainties
A decline in gas prices helped lower inflation recently, but renewed conflict in Iran threatens to stall further progress in controlling rising costs.
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Defense & Security
Energy & Climate
U.S. EV Fast-Charging Expansion Slows but Focus Shifts to Quality and Profitability
The U.S. added fewer public EV fast-charging ports in the second quarter as networks prioritize profitability and enhanced driver experience over rapid expansion.
Defense & Security
US Launches Strikes on Iran as Tehran Escalates Attacks Across Middle East Over Strait Control
The US initiated military strikes on Iran amid a renewed blockade of the Strait of Hormuz, prompting retaliatory attacks by Tehran across the region and raising tensions over a vital global shipping route.
Crypto & Fintech
EthSystems launches privacy platform to enable secure institutional use on Ethereum
EthSystems debuts with backing from major investors to deliver privacy and compliance solutions that allow regulated institutions to transact securely on Ethereum.
Corporate Power
JPMorgan Chase Posts Record Profit Again as Wall Street Investment Banking Surges
JPMorgan Chase achieved the highest ever profit for a U.S. bank amid booming investment banking fees and strong consumer spending, while CEOs caution on looming economic risks.
Markets & Macro
Gasoline Price Drop Drives Largest Monthly CPI Decline Since 2020
Fuel prices pulled the Consumer Price Index down notably in June, marking the steepest monthly drop in over two years as energy costs eased despite persistent inflation in shelter and food.
AI & Tech Regulation
South Korea Prosecutes First Case of AI Smart Glasses Exam Cheating
South Korea has launched its first criminal case against exam cheating involving AI-powered smart glasses, prompting new measures to curb the rising use of AI devices in tests.
Defense & Security
US Resumes Military Actions Against Iran Amid Contested Control of Strait of Hormuz
The US has escalated military actions against Iran, citing protection of national interests, while proposing to control the Strait of Hormuz and charge transit fees, raising tensions and questions about regional stability.
Defense & Security
US Conducts Third Consecutive Night of Strikes in Iran Amid Rising Tensions at Key Maritime Passages
The US extended its military strikes in Iran for the third night amid escalating tensions over navigation in the Strait of Hormuz and Bab al-Mandab, critical waterways for global trade.
Markets & Macro
Bitcoin Surges Past $63,000 as U.S. Inflation Cools More Than Expected
Bitcoin rallied above $63,000 following U.S. inflation figures that undershot forecasts, easing concerns over a July Federal Reserve rate hike and boosting crypto sentiment.