Morning Edition · Tuesday, July 28, 2026
Markets
Nvidia Falls 5% and Cedes Most-Valuable Crown to Apple as AI Financing Fears Hit Global Chip Stocks
South Korea's Kospi index closed down 10.84% on Tuesday, with Samsung Electronics falling 13.4% and SK Hynix 14.7%, after reports that Nvidia would guarantee roughly $250 billion of OpenAI data-center debt.
Geopolitics
Iran Fires Missiles at US Forces and Trump Orders New Strikes, Ending the Pause as Oil Rebounds
United States Central Command says it intercepted an Iranian ballistic missile attack on American forces late Tuesday, and President Trump has ordered fresh strikes, days before this week's Federal Reserve meeting. The Pentagon says at least 624 American service members have been wounded since strikes on Iran began in February.
Macro
Federal Reserve Set to Hold Rates a Fifth Time as Oil Revives Inflation Worry
Markets put the odds of no change at this week's meeting near two in three, even as some economists warn a September increase is becoming more likely.
Macro
China Leans Harder on Exports and Automation as Economists Warn Its Growth Model Is Exhausted
BYD enters Japan's protected minicar market and Chinese robotics firms target shipyards, even as commentators argue Beijing must shift toward domestic demand.
Geopolitics
Iran and Oman Discuss Charging Western Ships to Pass Through the Strait of Hormuz
Iran's ambassador to Moscow says the two countries are negotiating a fee on Western-flagged vessels, as Australia weighs its first new oil refinery in six decades.
Geopolitics
Zelenskyy to Meet Trump as United States Senate Prepares a Vote on Russia Sanctions
Reuters reports that $400 million in promised United States aid may not reach Kyiv before 2028, a delay some members of Congress call too slow.
Macro
European Union Grants Sanctions Reprieves That Keep Russian Gas and Metals Flowing
TotalEnergies may keep selling liquefied natural gas from its Siberian Yamal project to Asia, while Brussels hesitates to sanction an Irish plant accused of supplying Russia's war economy.
Tech
China Accuses Washington of "AI Hegemonism" and Threatens Countermeasures
Beijing's warning follows United States signals that Chinese artificial-intelligence firms could face investigations and sanctions, as China advances its own drones and automation.
World
Heat Wave Threatens to Worsen One of Europe's Most Severe Wildfire Seasons
Hundreds of thousands have been evacuated in central Spain and southwest France as a fresh spell of extreme heat strains firefighting resources.
World
India's "Cockroach" Youth Movement Ends Protests After Education Minister Resigns
The government conceded several demands over exam-paper leaks, but the underlying strains over jobs and opportunity for India's young population remain unresolved.
Geopolitics
Chad Quits the International Criminal Court as Its President Seeks Japan's Support
The court's leader is seeking Tokyo's support to counter a United States push for Asian members to withdraw, as pressure on the institution grows from several directions.
Geopolitics
Hundreds of Former Israeli Officials Urge Trump to Press Netanyahu on Settler Violence
A letter from 550 ex-officials warns that violence in the occupied West Bank endangers Israel's future, as Israel and Lebanon prepare a new round of talks in Rome.