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Time:2026-07-11T20:57:37Z

The Justice Department subpoenas NYT reporters over Air Force One leak investigation, escalating tensions between the Trump administration and the press. Stocks stage a recovery and oil prices moderate as global markets stabilize. Apple sues OpenAI, accusing the ChatGPT maker of stealing trade secrets related to its AI technology. A sweeping housing affordability bill becomes law without Trump's signature, aiming to address the record-high home prices. Trump threatens to 'decimate' Iran over Strait of Hormuz tensions as Treasury sanctions alleged financiers.

Justice Department subpoenas NYT reporters over Air Force One leak

Justice Department subpoenas NYT reporters over Air Force One leakThe Justice Department has issued subpoenas to New York Times reporters, demanding they testify about sources used in reporting on Air Force One. The investigation targets leaks of classified information within the Trump administration, escalating White House tensions with the press. The subpoenas are part of an ongoing crackdown on media leaks, drawing sharp criticism from press freedom advocates. News organizations have condemned the move as a threat to journalistic independence and the First Amendment.

Global markets stabilize as stocks recover and oil prices ease

Global markets stabilize as stocks recover and oil prices easeStock markets around the world have recovered recent losses and oil prices have moderated, bringing a return of calm to financial markets. Analysts point to easing geopolitical concerns and improved investor sentiment as key drivers. The recovery follows weeks of volatility triggered by trade tensions and Middle East disruptions. Market participants are now debating whether the U.S. stock market has become 'too big to fail.'

Apple sues OpenAI alleging trade secret theft

Apple sues OpenAI alleging trade secret theftApple has filed a lawsuit accusing OpenAI of stealing trade secrets related to its artificial intelligence technology. The lawsuit claims OpenAI and its employees obtained confidential Apple information through improper channels, calling the alleged theft 'just the tip of the iceberg.' Apple alleges the stolen secrets cover proprietary AI models and development processes. OpenAI has not yet issued a formal response to the allegations.

Sweeping housing affordability bill becomes law despite Trump delay

Sweeping housing affordability bill becomes law despite Trump delayA major housing affordability bill has become law without President Trump's signature, representing the most significant housing legislation in decades. The bill aims to address record-high home prices through measures including new construction incentives, down payment assistance, and zoning reform. The legislation passed with bipartisan support in Congress despite the White House's reluctance. Housing advocates say the bill could meaningfully improve affordability for first-time homebuyers.

Trump threatens Iran over Strait of Hormuz as tensions escalate

Trump threatens Iran over Strait of Hormuz as tensions escalatePresident Trump has threatened to 'decimate' Iran if it attempts to assassinate him, as the Treasury Department imposed new sanctions on alleged financiers. The escalation follows weeks of heightened tensions over shipping rights through the Strait of Hormuz. Gas prices have fluctuated since the U.S.-led operations disrupted the vital oil transit chokepoint. Iran's leadership has responded with threats of their own, raising fears of a broader conflict that could impact global fuel supplies.