'Let's Just Finish the Job': Trump Confirms Iran Strikes to Likely Come Wednesday Night

Daily on Energy: Ceasefire over, Trump backs Texas transmission, and Arizona mining

WHAT’S HAPPENING TODAY: Good afternoon and happy Wednesday, readers! President Donald Trump announced that the ceasefire in Iran has ended, following the U.S. and Iran exchanging attacks overnight. The president also threatened to continue launching strikes at Iran. The escalation in the Middle East has sent oil prices back up. 🛢️🇺🇲🇮🇷 In other news, the […]

Fed Minutes Show ‘a Few’ Officials Saw Case for June Hike

A few Federal Reserve officials in their most recent policy meeting said there was a case for raising interest rates, though they ultimately supported the decision to leave rates on hold. Bloomberg's Tyler Kendall breaks down the Fed Minutes. (Source: Bloomberg)

Oil Climbs as Trump Threatens Iran Strikes, Blockade | Bloomberg Businessweek Daily 7/8/2026

Today, Bloomberg's Tyler Kendall reports the minutes from the first FOMC meeting of Kevin Warsh's tenure as Fed chair. Then, Bloomberg Economics senior geoeconomics analyst Adam Farrar breaks down oil market reaction as the US threatens more strikes against Iran and a renewed blockade of the Strait of Hormuz. Plus, Stephanie Roth, chief economist at Wolfe Research, reacts to news that some Fed members initially saw the case to hike rates despite eventually falling in line with fellow committee members in holding rates. Then, Brian Dobson and Greg Pendy from Clear Street discuss their SpaceX buy rating and where they see the stock going. Finally, Bloomberg 'Business of Sports' podcast co-host Vanessa Perdomo-Maglione talks the Unites States' exit from the World Cup and the future of soccer in the US. (Source: Bloomberg)

Judge Who Obstructed ICE Avoids Prison Because She’s A ‘Good Person’ Who Was ‘Upset’ By Enforcing Laws

Former Milwaukee County Judge Hannah Dugan is avoiding prison time despite being found guilty of obstructing ICE agents after Clinton-appointed Judge Lynn Adelman decided that Dugan is a “good person upset by immigration enforcement in this country.” Dugan was convicted last year after ICE agents showed up to the Milwaukee County courthouse to detain 31-year-old […]

Trump asks Supreme Court for rehearing over $5M E Jean Carroll civil judgment

Lawyers for Trump filed a rehearing petition after the Supreme Court rejected his appeal of the $5 million E. Jean Carroll civil judgment last week.

Trump suffers stinging defeat as judge orders $5M payout to sex abuse accuser and rejects last-ditch delay

Donald Trump is asking a New York federal judge not to require him to pay $5 million to the woman he was found liable for sexually abusing until the Supreme Court can reconsider his appeal.

Are FBI, sheriff avoiding responsibility for mistakes in Guthrie case?

Retired FBI agent Steve Moore explains why the case is still being investigated as a kidnapping for ransom.