United States · Business
Same event, multiple sources, transparently cited.
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SpaceX posts 92% revenue jump in Q2 2026, driven by Starlink and AI despite net loss
SpaceX reported $7.8 billion revenue in Q2 2026, a 92% increase led by Starlink and AI, with net loss narrowing to $541 million.
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US declines to renew USMCA, triggering annual reviews and 2036 expiration countdown
The US announced on July 1, 2026, it will not extend the USMCA trade pact under current terms, starting a six-year review ending in 2036 if no renewal occurs.
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Trump criticizes ExxonMobil and Chevron for record profits, demands lower gas prices
President Donald Trump on August 3 condemned ExxonMobil and Chevron for excessive Q2 profits amid Iran war, urging cuts in retail petrol prices.
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US GDP Growth Slows to 1.5% Annualized in Q2 2026 Amid Trade Deficit and Inflation
US GDP grew at a 1.5% annualized rate in Q2 2026, down from 2.1% in Q1, with trade deficit and inflation pressures weighing on growth.
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Meta sued by 26 employees over alleged AI-driven targeting in layoffs
Twenty-six Meta employees filed a lawsuit alleging AI tools targeted workers on medical and family leaves for layoffs.
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US imposes 10-12.5% tariffs on imports from 60 countries over forced labour concerns
The US implemented new tariffs ranging from 10% to 12.5% on imports from 60 trading partners on July 24 over forced labour issues.
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US-Iran tensions rise after tanker attacks and US military strikes near Strait of Hormuz
US launched strikes on Iranian targets after attacks on three tankers near the Strait of Hormuz on July 7, escalating tensions and pushing oil prices higher.
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Oil Prices Drop Sharply as US and Iran Pause Military Strikes Amid Middle East Tensions
US President Trump paused strikes on Iran after nearly two weeks, prompting Iran to suspend retaliations and causing oil prices to fall over 6-9%.
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US imposes 25% tariffs on most Brazilian imports beginning July 22, 2026
The US government will impose a 25% tariff on most Brazilian imports starting July 22 after a trade investigation found unfair practices.
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US Consumer Inflation Slows Sharply in June 2026 Amid Energy Price Volatility
US consumer prices rose 3.5% year-on-year in June 2026, down from 4.2% in May, driven by falling energy costs and easing inflation pressures.
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SpaceX shares fall below IPO price amid launch abort and market concerns
SpaceX shares dropped below their $135 IPO price in mid-July after a Starship launch abort and investor worries about valuation and debt.
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Midtown Manhattan building evacuated after structural columns buckle during apartment conversion
A 37-storey building near Grand Central was evacuated July 7 after buckled columns and sagging floors were found during a residential conversion project.
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Tesla’s Q2 2026 revenue rises 26% but profits fall amid heavy AI and robotics spending
Tesla reported Q2 2026 revenue of $28.2 billion, up 26% year-over-year, while net profit fell 5-7% to about $1.1 billion amid rising expenses.
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OpenAI CEO proposes US government take 5% equity stake in company
OpenAI CEO Sam Altman has proposed giving the US government a 5% equity stake in the company worth about $42.6 billion.
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US Judge Temporarily Halts Paramount Skydance’s $110 Billion Warner Bros Discovery Merger
A US federal judge issued a 14-day restraining order on July 20, 2026, blocking Paramount Skydance’s $110 billion merger with Warner Bros Discovery amid a multi-state antitrust lawsuit.
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Federal Reserve holds interest rates at 3.5-3.75% amid internal division
The US Federal Reserve kept interest rates steady at 3.5% to 3.75% on July 29, despite three officials pushing for a hike.
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US Imposes 50% Tariff on Canadian Goods Over Trade Dispute Starting August 19
President Donald Trump signed an order to impose 50% tariffs on a broad range of Canadian goods effective August 19, citing unfair trade practices.
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Apple sues OpenAI and former employees over alleged theft of trade secrets
Apple filed a lawsuit in July 2026 accusing OpenAI, two former Apple employees, and io Products of stealing trade secrets for hardware development.
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EU fines Google €890 million for anti-competitive practices amid US threats
The European Union fined Google €890 million for anti-competitive behavior under the Digital Markets Act as the US threatened retaliatory tariffs.
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Japan and US intervene jointly in forex market to support yen after 40-year low
On July 31, 2026, Japan and the US conducted their first joint forex intervention since 2011 to halt the yen’s decline after a 40-year low near 164 yen per dollar.
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Oil prices surge past $100 as US-Iran conflict and Houthi attacks escalate
Oil prices topped $100 a barrel amid rising US-Iran tensions and missile attacks on Saudi tankers in the Red Sea.
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US to replace expiring 10% tariff with new forced-labour tariffs and plans 100% generic drug tariff
The US will impose new tariffs on 60 trading partners for forced labour violations and plans a 100% tariff on imported generics starting 2028.
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US Lobbyists Drop Alibaba and Tencent to Comply with Pentagon Restrictions
Washington lobbying firms ended ties with Alibaba and Tencent ahead of June 30 US law barring Pentagon work with lobbyists linked to blacklisted Chinese firms.
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Trump expects Elon Musk to donate SpaceX stock to children’s Trump Accounts program
President Trump said he expects Elon Musk to donate SpaceX stock to the Trump Accounts savings program launching July 4, 2026.