The Dow closed at 53,055.91 on Monday, its first finish above 53,000, after Foxconn posted a blowout AI-driven quarter that revived the chip trade. Tesla jumped 6.7 percent, the Nasdaq rose over 1 percent, and Fed minutes from Kevin Warsh’s first meeting land Wednesday.
Trump Accounts went live on July 4: a one-time $1,000 Treasury deposit, invested in stock index funds, for every eligible US child born 2025 through 2028. Millions of accounts are already open, Michael Dell pledged billions more, and critics are already mapping who really benefits.
President Trump arrived at the NATO summit in Ankara this week with a single mission: force all 32 allies onto an immediate path to spending 5 percent of GDP on defense. Spain says it cannot get there. Zelenskyy wants Patriots. Erdogan wants F-35s. Two days, very high stakes.
Russia fired 351 drones and 68 missiles at Ukraine, killing at least 20 people in the second mass strike on Kyiv in four days. The alarming detail: every one of the 29 ballistic missiles hit its target. Ukraine is out of interceptors, and Zelenskyy is heading to the NATO summit to ask for more.
China test-fired a submarine-launched ballistic missile into the South Pacific nuclear-free zone on July 6, drawing protests from Australia, New Zealand, Japan and the US. The timing was not subtle: it landed the same day Australia and Fiji signed a historic mutual defense treaty.
Super Typhoon Bavi, a Category 5 monster with 175 mph winds and gusts over 200 mph, passed directly over the US island of Rota and battered Guam and the Northern Mariana Islands. The catch: the territory was still recovering from April’s typhoon, with 1,300 families living in tents.