Vance Questions Pentagon’s Assessment of Iran War

US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal Global markets soared in a risk-on rally following the announcement of a US-Iran deal Sunday night. Stocks and bonds rallied while oil tumbled to a three-month low after the US and Iran said they have reached an interim agreement to reopen the Strait of Hormuz and halt the war. This will provide a 60-day window for negotiation. As of 8:00am ET, Nasdaq 100 futures advanced 2.1%, while those for the S&P 500 rose 1.3%. In the pre-market, Mag 7 are all higher...

China's Moonshot Eyes IPO After Sparking Another "DeepSeek Moment" For US AI Stocks Chinese startup Moonshot AI sparked another DeepSeek-like moment for US AI stocks and hyperscalers last week. David Sacks, the former White House AI and cryptocurrency czar, warned that this is "very concerning." Moonshot AI debuted Kimi K3, which ranks number three on the Artificial Analysis Intelligence Index, trailing only OpenAI's GPT-5.6 Sol and Anthropic's Fable 5. This only shows the continued trend of open-weight models toward the AI frontier. Kimi K3 has emerged as a top challenger across reasoning...

The US has launched airstrikes in Somalia for three straight days this month as the Trump administration continues a record-shattering bombing campaign in the country that receives virtually no US media coverage. US Africa Command said in a press release on Tuesday that its forces launched an airstrike against al-Shabaab on July 5 in the […]