Morning Edition · Saturday, July 11, 2026
Tech
SK Hynix Raises 26.5 Billion Dollars in the Largest Foreign IPO in US History, Then Jumps 13 Percent
Demand for the memory-chip maker reached roughly seven times the shares on offer, a sign that investors are still funding the growth in artificial-intelligence hardware.
Geopolitics
Iran Declares Strait of Hormuz Closed and Strikes a US-Manned Base in Jordan as the Ceasefire Collapses
Brent crude settled near 78 dollars a barrel, its highest level since June 19 and up about 6 percent on the week, after Iran's Islamic Revolutionary Guard Corps ordered all traffic out of the strait and the United States struck roughly 80 Iranian military targets.
Macro
Yen Falls to Its Weakest Since 1986 as a Reformist Fed Chair Keeps the Dollar Firm
Kevin Warsh calls inflation "too high" and his colleagues weigh a rate rise, widening the interest-rate gap that is drawing capital out of Japan even after roughly 74 billion dollars of intervention.
Markets
Gold and Silver Retreat as a Firmer Dollar and Hawkish Fed Pull Hard Assets Lower
Gold slipped to about 4,118 dollars an ounce for a weekly loss near 1.5 percent and silver fell roughly 4 percent, while bitcoin held near 64,000 dollars.
World
Russia Says It Struck Kyiv Defense Plants and Odesa Ports as the War's Attrition Grinds On
Moscow's account describes overnight strikes on Ukrainian military-industrial sites and Black Sea ports, while Ukrainian officials reported two people killed in Odesa and 10 injured in Kyiv.
Tech
EU Tells Meta That Facebook and Instagram's "Addictive" Design Breaches Its Digital Rulebook
Brussels wants autoplay and infinite scroll disabled by default and threatens a fine of up to 6 percent of Meta's global annual revenue.
World
IEA Chief Calls Europe's Slow Electrification a "Major Mistake" That Left It Exposed
Fatih Birol says the bloc's electrification rate has stagnated near 23 percent while grids too weak to carry new renewables leave completed projects unable to connect.
Tech
China Recovers a Rocket Booster at Sea, Becoming the Second Nation to Bring One Back Under Control
The Long March 10B caught its returning first stage on a net-equipped offshore platform, and the state contractor says it aims to reuse that booster before year-end.
Geopolitics
India and New Zealand Elevate Ties and Seal a Trade Pact That Cuts Tariffs on Day One
The two governments set a target to double annual trade to 35,000 crore rupees by 2030, and New Zealand's exports gain duty-free access on 57 percent of goods immediately.
World
Typhoon Bavi Batters Japan's Southern Islands and Taiwan as Landslides Kill 15 in the Philippines
After hitting Japan's southern islands and Taiwan, the storm forced China to evacuate more than a million people as it neared landfall on the Fujian and Zhejiang coast.
World
China's Factory Robots Advance, and the Workers They Replace Have Nowhere to Go
In Kunshan, an electronics hub near Shanghai, laid-off assembly workers describe a labor market that automation is steadily narrowing.
Markets
Indian Equity Fund Inflows Rose 26 Percent in June as Domestic Savings Kept Buying
Net inflows into equity mutual funds reached 28,973 crore rupees, led by midcap, smallcap, and flexicap funds, supporting the market against foreign selling.