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Hour in Review — 2026-07-30 14:00 UTC0 sources
The U.S. economic narrative is defined by a slowdown in second-quarter GDP growth to 1.5 percent and persistent inflation, which combined to drive long-term borrowing costs to 19-year highs. Markets exhibited significant volatility, marked by divergent earnings results—such as a Microsoft rally against an Adidas slide—and numerous trade halts. Geopolitical tensions surged as the U.S. conducted military strikes against Iran, Russia labeled the Telegram founder an extremist, and debris from Russian strikes crossed into Polish airspace. Concurrently, regulatory and sector-specific developments remained active: Amazon’s Zoox secured the first U.S. approval for driverless robotaxis, while the global health landscape faces the fastest-growing Ebola outbreak in history in the Congo. Amid this, the Department of Justice initiated its first terrorist removal court case, highlighting a broader environment of both security and fiscal instability.