Posts

Core Summary US stocks suffered a major selloff on July 29, with the Dow Jones Industrial Average plunging 900 points, a drop of over 2%, marking the largest single-day decline in recent weeks. Market panic intensified ahead of the Federal Reserve’s upcoming interest rate decision, as investors grew deeply concerned about recession risks and monetary policy direction. Analysts warn that market volatility could persist for weeks. Event Details According to CNBC, the Dow Jones Industrial Average closed down 900 points on July 29, with the S&P 500 and Nasdaq Composite also falling sharply. This selloff was driven by multiple converging factors: Federal Reserve policy uncertainty, mixed corporate earnings performance, and escalating geopolitical tensions. ...

Core Summary Wildfires in southern Europe continue to worsen. Two firefighters tragically died while battling blazes on the Greek island of Crete, while France’s Gironde region sees thousands of hectares of forest destroyed and authorities urgently evacuate multiple villages. The combination of high temperatures, strong winds, and drought creates severe firefighting challenges. Weather services warn that fires may become even more uncontrollable in the coming days. Event Details According to BBC News, a severe wildfire broke out on the Greek island of Crete on July 29, with strong winds fueling rapid fire spread and forcing authorities to urgently evacuate multiple villages. Two firefighters died during rescue operations, with several others injured. Greek civil defense authorities have requested EU aerial firefighting support. ...

Core Summary Iran launched renewed missile attacks on the evening of July 29, prompting joint US-Saudi strikes against Tehran-backed militia positions in Iraq. President Trump warned Iran is “going to get a beating” as regional tensions escalate dramatically. The conflict marks the collapse of fragile ceasefire agreements and raises international concerns about full-scale regional war. Event Details According to the Associated Press, Iran fired multiple missiles on the evening of July 29, targeting US military facilities and allied targets in the Middle East. In response, the United States and Saudi Arabia launched joint airstrikes against multiple Iran-backed militia positions in Iraq. ...

Russia’s Investigative Committee filed criminal charges against Telegram founder Pavel Durov on July 29, accusing him of facilitating security threat activities through the platform. The charges carry a maximum sentence of life imprisonment and follow over 100 million rubles in fines imposed on Telegram this year.

The US Senate has confirmed former SEC Chairman Jay Clayton as Director of National Intelligence, ending Bill Pulte’s brief acting tenure and marking a major shift in the Trump administration’s intelligence leadership.

Keiko Fujimori was inaugurated as Peru’s president after three previous election defeats, winning by a narrow margin. Her victory marks the continuation of Latin America’s rightward political shift while bringing uncertainty to Peru’s future policy direction.

According to a new report by blockchain security firm Blockaid, crypto hacks in the first half of 2026 have exceeded $1 billion in losses, setting a new record high. Ethereum and Solana ecosystems were the hardest hit, losing $332 million and $326 million respectively.

Crypto investment firm Galaxy Digital has acquired 500 acres of land in McGregor, Texas, for its second AI data center campus. The campus is expected to generate at least $130 million in local tax revenue.

Russia’s central bank has released draft rules for digital asset custody, requiring digital asset platforms to hold up to $2.8 million in liquid capital. This move paves the way for a comprehensive crypto regulatory framework coming this fall.

FIFA President Infantino’s plan to commercialize the World Cup has drawn fierce opposition from UEFA. The plan involves a $20 billion operation backed by Kushner, aiming to sell stakes in World Cup events.