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Oil Choke Points Widen as Hormuz Attacks Surge: Brent Hits $100
Oil prices surge past $100 as attacks on tankers in Hormuz, Red Sea, and Black Sea disrupt shipping. Brent crude up 30% in July. Vulnerable economies face $20bn annual import cost rise.
Northern Virginia Data Center Outage Triggers 10-Minute Grid Blackout Across Half U.S.
A transmission outage in Northern Virginia’s Data Center Alley caused 3 GW of power to disconnect, triggering voltage swings across the PJM grid and power flickers from Chicago to Miami on July 22, 2026.
House Passes Permanent Daylight Saving Bill; Senate Republicans Split on Support July 25
House passes Sunshine Protection Act 308-117 to make daylight saving permanent. Senate Republicans split on the bill over darker winter mornings and school safety concerns.
Wall Street Ends Volatile Week Mixed as Oil Retreats, Tariffs Loom July 25
S&P 500 flat, Nasdaq down 0.6% Friday as Brent crude drops 4% to $96, Trump tariffs hit 10-12.5%, and Fed rate hike odds jump to 30% next week.
Sanicare Files for Insolvency Again: German Mail Pharmacy Struggles
Sanicare, Germany’s known mail-order pharmacy, filed for insolvency July 15 with 74 staff. Despite 80 million euro revenue, declining sales and infrastructure costs forced restructuring.
Supreme Court Strips Independent Agencies of Firing Protection, July 24
Supreme Court’s Trump v. Slaughter ruling lets the president fire independent agency heads without cause, overturning Humphrey’s Executor. Federal Reserve kept its independence in Trump v. Cook.
Seven-Eleven Japan Warns Stores Over Staff Reselling Pokemon Cards, July 24
Seven-Eleven Japan warned franchise stores after employees and owners hoarded and resold Pokemon cards and anime merchandise. Legal experts say criminal charges are unlikely, but contract termination is possible.
Australian Shares Fall as Oil Prices Surge Above $100 and Inflation Fears Return
Australian shares slipped on July 24, 2026, after oil prices climbed above US$100 per barrel, bringing inflation concerns back into focus. Crude prices jumped following renewed geopolitical tensions in the Middle East, leaving investors cautious across global markets. Higher energy costs could put more pressure on businesses, households, and central banks. So, what pushed the…
FTSE 100 Rises 0.32% While DAX Jumps 0.83% as Retail Sales Lift European Markets
The FTSE 100 climbed 0.33% Friday afternoon, reaching 10,673.99 points. Germany’s DAX outperformed, rising 0.83% to 24,969.21 points. Both indices reversed a weaker morning open to trade higher by midday. UK retail sales volumes jumped 1.0% in June, smashing forecasts for a 0.3% decline. That surprise beat helped the FTSE 100 recover from Thursday’s 0.73%…