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Wall Street banks are sky-high about SpaceX, but investors remain cautious

Reporter USJuly 7, 2026

NEW YORK — Wall Street banks have high hopes for SpaceX but at the moment shares of Elon Musk’s rocket market appear to be earthbound. Many of the investment firms that underwrote SpaceX’s initial public offering issued their first research notes about the company Tuesday, and almost all recommended that investors buy the stock and […]

Congressional committee on China asks Wizards and Capitals owner to cut ties with Alibaba

Reporter USJuly 7, 2026

The owner of Washington’s NBA and NHL teams received a letter from the chair of the U.S. House Select Committee on China asking him to cut ties with Alibaba, the Chinese tech giant that has gone to court to dispute the Pentagon’s recent designation of the corporation as a “Chinese military company.” “I would appreciate […]

How to tackle estate planning basics in 6 steps

Reporter USJuly 7, 2026

Contemplating your own death or disability isn’t particularly pleasant, but estate planning can bring peace of mind for you and your family. Here are the key steps to take. Because your estate plan will likely need to be updated as the years go by, it makes sense to find an attorney who practices in the […]

Former city official sentenced to death in China for taking 5 million in bribes

Former city official sentenced to death in China for taking $325 million in bribes

Reporter USJuly 7, 2026

WASHINGTON — A former economic development official in the eastern Chinese city of Nanjing was sentenced to death Monday for taking bribes worth $325 million over three decades. Yang Youlin also was convicted of embezzlement, offering bribes, misappropriation of public funds, abuse of power and money laundering in one of the most dramatic corruption cases […]

US airlines chase profits in premium cabins, deepening a fare class divide on flights

Reporter USJuly 7, 2026

They may arrive at the same destination, but two passengers on the same flight can have strikingly different travel experiences. One traveler breezes through a priority security lane and heads straight to an invite-only lounge for craft cocktails and a chef-prepared meal before boarding early. A flight attendant offering a glass of champagne and a […]

Asian markets retreat, with Korean shares slumping despite an AI-led rebound on Wall St

Reporter USJuly 7, 2026

BANGKOK — Asian shares retreated Tuesday, with South Korea’s Kospi sinking almost 5% despite a rebound for AI stocks that lifted benchmarks on Wall Street. Oil prices rose and U.S. futures were mixed. In Seoul, the Kospi dropped as much as 8% but recovered some losses to close 4.9% lower at 7,656.31. Shares in computer […]

Tanker set ablaze after being struck by projectile in the Strait of Hormuz as Iran mourns Khamenei

Reporter USJuly 7, 2026

DUBAI, United Arab Emirates — A tanker traveling off the coast of Oman in the Strait of Hormuz caught on fire early Tuesday morning after being struck by a projectile, the British military said. The attack was the latest targeting a vessel moving through the narrow mouth of the Persian Gulf, through which a fifth […]

Indonesia’s Prabowo and India’s Modi meet to discuss expanding economic and defense ties

Reporter USJuly 7, 2026

JAKARTA, Indonesia — Indian Prime Minister Narendra Modi met with Indonesia’s President Prabowo Subianto Tuesday to discuss ways to strengthen strategic ties between Asia’s two largest democracies as economic globalization faces headwinds. Discussions between the leaders will focus on several key pillars, including defense and security, trade and investment, food security, energy security, critical minerals […]

Ex-civil rights agency commissioner fired by Trump drops lawsuit in wake of Supreme Court ruling

Reporter USJuly 7, 2026

NEW YORK — A former Democratic commissioner of one of the country’s top civil rights agencies dropped a lawsuit Monday challenging her dismissal by President Donald Trump, citing a recent Supreme Court ruling that dramatically enhanced the president’s power over independent agencies. Trump’s unprecedented dismissal of Jocelyn Samuels and another Democrat from the Equal Employment […]

Alberta, Ontario propose pipeline to carry western Canada’s oil to the east

Reporter USJuly 6, 2026

TORONTO — The premiers of Alberta and Ontario on Monday proposed a pipeline to carry western Canadian oil to the country’s east, part of Canada ’s push to diversify exports beyond its dominant U.S. market. Alberta Premier Danielle Smith said the proposed 3,300-kilometer (2,050-mile) pipeline would run from Hardisty, Alberta, to Sarnia, Ontario, carrying up […]

Rahm Emanuel expected to say Israel needs “need significant changes and a new direction” in Tel Aviv speech

7/6: CBS Evening News – CBS News

Cuba slowly getting power back after third nationwide blackout in 6 months: “This is agony”

Top Senate Democrats push Trump-affiliated companies for answers about IRS settlement

Democrats Haley Stevens and Abdul El-Sayed face off in primary debate for Michigan Senate

NATO summit begins in Turkey as Trump pushes for more defense spending and ponders Greenland

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Category: Business

Wall Street banks are sky-high about SpaceX, but investors remain cautious

Congressional committee on China asks Wizards and Capitals owner to cut ties with Alibaba

How to tackle estate planning basics in 6 steps

Former city official sentenced to death in China for taking $325 million in bribes

US airlines chase profits in premium cabins, deepening a fare class divide on flights

Asian markets retreat, with Korean shares slumping despite an AI-led rebound on Wall St

Tanker set ablaze after being struck by projectile in the Strait of Hormuz as Iran mourns Khamenei

Indonesia’s Prabowo and India’s Modi meet to discuss expanding economic and defense ties

Ex-civil rights agency commissioner fired by Trump drops lawsuit in wake of Supreme Court ruling

Alberta, Ontario propose pipeline to carry western Canada’s oil to the east

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