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Moonshot’s Kimi K3 Narrows AI Gap; Chinese Model Rivals US Frontier Systems
Moonshot AI’s Kimi K3 model with 2.8 trillion parameters rivals Anthropic’s Fable 5 and OpenAI’s GPT 5.5, marking a major shift in the US-China AI race and triggering sharp selloffs in tech stocks.
House Passes Permanent Daylight Saving Time Bill 308-117 on July 16
House passes Sunshine Protection Act 308-117 to make daylight saving time permanent. Bill heads to Senate with Trump’s backing but faces Republican opposition over winter darkness concerns.
S&P 500, Nasdaq Composite Drift Sideways as $3.2 Trillion Shifts From Chip Stocks to Magnificent Seven
The S&P 500 has traded in a tight range for months. Beneath that calm surface, $3.2 trillion has rotated between the Magnificent Seven and chip stocks outside Nvidia. This massive shift has largely canceled itself out at the index level. Traders are watching closely as earnings season could finally break the stalemate. The Nasdaq Composite…
Trump’s DNI Pick Jay Clayton Refuses to Say Biden Won 2020 Election at Hearing
Jay Clayton, Trump’s pick for director of national intelligence, refused to say Biden won 2020 at his Senate confirmation hearing on July 15, prompting Democrats to call his testimony lacking credibility.
Uber (NYSE: UBER) to Acquire Delivery Hero (ETR: DHER) in $14.8 Billion Cash Deal
On 16 July 2026, Uber (NYSE: UBER) announced a $14.8 billion cash offer to acquire Delivery Hero (ETR: DHER), one of the biggest food delivery acquisitions ever announced. If the deal goes through, Uber will expand its delivery business across dozens of international markets and strengthen its position in an increasingly competitive industry. Investors reacted…
Hardee’s Franchisee Files Chapter 11 as 59 Stores Face Closure Risk
Hardee’s franchisee Superior Star files Chapter 11 bankruptcy on July 9, putting 59 stores at risk across 10 states due to a $7.04 million seller financing dispute and hidden liabilities from its 2023 acquisition.
Reagan National Airport Halts 126 Flights for Iraqi PM Security on July 15
Reagan National Airport halted 303 flights and canceled 126 more on July 15 due to security measures for Iraqi PM Ali al-Zaidi’s White House visit during wartime talks with President Trump.
Oil Surges to $81 as US-Iran Conflict Escalates Over Strait of Hormuz
WTI crude oil climbs to $81 per barrel as US launches fourth consecutive day of strikes on Iran and reimpose naval blockade of Iranian ports, disrupting global energy supplies.
House GOP Ends Weeks-Long Blockade After Conservative Rebellion Over Voter ID Bill
House Republicans ended their weeks-long blockade after Speaker Johnson agreed to attach the SAVE America Act voter ID bill to appropriations legislation, allowing votes on State Department funding and veterans benefits.