Morning Edition · Tuesday, July 7, 2026
Markets
Samsung Posts Record Profit and Loses Value, Testing the AI Chip Boom
A forecast for a nineteenfold profit jump cut Samsung's market value by more than 100 billion dollars and led Asian shares and United States futures to fall.
Geopolitics
U.S. Strikes Iran and Reimposes Oil Sanctions After Tanker Attacks in Hormuz, Breaking the June Ceasefire
U.S. Central Command said it hit more than 80 targets across southern Iran, including Bandar Abbas, in response to attacks on three commercial ships in the Strait of Hormuz. Washington also revoked the waiver that had permitted Iranian oil sales. Oil rose moderately and broader markets moved little, but the direct attack on Iranian soil ends the fragile interim truce.
Geopolitics
NATO Meets in Ankara on Rearmament as Moscow Warns of Defeat
Alliance leaders gathered to expand military production while Russia's foreign minister said the effort would end in the West's failure.
Geopolitics
Kremlin Says War Will Continue as It Claims New Ground and a Buffer Zone
Moscow said it prefers a negotiated end but that Kyiv is not ready, and reported fresh territorial gains along the border.
World
Explosions Near Macron's Hotel Test Syria's Fragile Reopening
Two blasts in central Damascus wounded at least 18 people during the French president's visit, but did not halt his schedule.
Macro
Euro Area Faces Recession Risk With Little Fiscal Room
A senior European economist said governments must generate growth even as an aging workforce forces Germany to recruit abroad.
Tech
China Showcases AI Hardware as Export Controls Bite
Huawei prepares to unveil a new computing cluster and an AI-agent phone as Beijing presses ahead in the technology race.
Markets
From SpaceX to Small Drone Makers, the IPO Wave Meets Reality
Wall Street banks grew optimistic about SpaceX after its large listing, while a small Israeli drone maker's debut showed the risks among smaller companies.
Macro
India and Indonesia Link Payments and Ports, Around the Dollar
Jakarta and New Delhi advanced cross-border digital payments, port infrastructure and trade during Modi's state visit.
Geopolitics
Japanese and Chinese Coast Guards Confront Each Other Near Disputed Islands
Vessels from both countries confronted each other near the islands Japan calls the Senkaku and China calls the Diaoyu, and each government claimed to have driven the other away.
Macro
A Russian Business Leader Calls the War Economy's Tilt Temporary
The head of Russia's main industrial lobby said the shift toward defense production should be reversed, as wartime disruptions spread to civilian life.
World
A World Cup Upset Reignites Questions About FIFA's Governance
The host nation's exit, and Belgium's mockery of a reversed refereeing decision, sharpened criticism of football's governing body and its political ties.