Trump Signs 14-Point MOU Extending US-Iran Ceasefire
President Trump signed a 14-point MOU with Iran ending months of conflict, reopening the Strait of Hormuz, and granting sanctions relief on oil. The deal drew immediate criticism from Republicans and mixed global reactions while taking effect after G7 talks.
Hegseth Launches Six-Month Review of U.S. Forces in Europe
Defense Secretary Hegseth announced a six-month review of US forces in Europe and criticized NATO allies for insufficient defense spending. The move signals potential shifts in American military commitments abroad.
New Fed Chair Warsh Holds Rates Steady, Launches Reviews
New Fed Chair Kevin Warsh led his first FOMC meeting with no rate change, sending hawkish signals to markets. The session occurred amid positive market reactions to the Iran deal and shifting rate expectations.
US Gas Prices Drop Below $4 After Iran Deal Reopens Hormuz
Average regular gasoline prices fell under $4 per gallon following the Iran agreement and lower oil prices. Full relief for consumers is expected to take weeks amid summer demand and supply adjustments.
Trump Says Apple, Intel Agreed to U.S. Chip Production
Apple and Intel announced a partnership to manufacture chips domestically as part of Trump administration efforts to reshore semiconductor production. The deal boosted Intel shares and highlighted tech supply chain policy.
Trump Economic Approval Hits Record Low at 33 Percent
A new NPR/PBS/Marist poll showed record-low American approval of President Trump's economic handling, including among some former supporters. Dissatisfaction spans multiple demographics amid ongoing policy debates.
California Billionaire Tax Clears Path to November Ballot
A proposed wealth tax on billionaires qualified for the November ballot after gathering sufficient signatures. The measure faces potential negotiation or opposition from Governor Newsom and business groups.