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Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series of manufacturing and safety problems.

The tally was the highest since before a door plug from one of its new 737 Max 9 planes blew out midair in January 2024, sparking a new crisis for the company and slowing production and deliveries of aircraft. Of the monthly total, 42 were 737 Maxes, going to customers including Southwest Airlines, Alaska Airlines and United Airlines.

CEO Kelly Ortberg, who took the top job at Boeing last August, has said the company has made progress in improving production rates and quality on its factory lines.

For the three months ended June 30, Boeing handed over 150 airplanes, its best second quarter since 2018, before two crashes of Max planes five months apart grounded the jets and sparked a multiyear crisis at the top U.S. exporter. That was also the last year Boeing posted an annual profit. Its problems also gave rival Airbus a bigger lead over Boeing.

Boeing this spring had been producing about 38 Max aircraft a month and will need Federal Aviation Administration approval to go above that limit, which the agency set after the door plug accident. Ortberg said at a Bernstein investor conference in late May that he’s confident that the company could increase production to 42 of the jets a month.

The company booked 116 gross orders in June, or 70 net orders when including cancellations and accounting adjustments. Boeing often removes or adds orders to its backlog for a variety of reasons including customers’ financial health.

Boeing’s backlog stood at 5,953 as of June 30.

The manufacturer is set to report second-quarter financial results on July 29, when investors will be focused on Ortberg’s plan to increase production and aircraft deliveries.

This post appeared first on NBC NEWS

Amazon is extending its annual Prime Day sales and offering new membership perks to Gen Z shoppers amid tariff-related price worries and possibly some consumer boredom with an event marking its 11th year.

For the first time, Seattle-based Amazon is holding the now-misnamed Prime Day over four days. The e-commerce giant’s promised blitz of summer deals for Prime members started at 3:01 a.m. Eastern time on Tuesday and ends early Friday.

Amazon launched Prime Day in 2015 and expanded it to two days in 2019. The company said this year’s longer version would have deals dropping as often as every 5 minutes during certain periods.

Prime members ages 18-24, who pay $7.49 per month instead of the $14.99 that older customers not eligible for discounted rates pay for free shipping and other benefits, will receive 5% cash back on their purchases for a limited time.

Amazon executives declined to comment on the potential impact of tariffs on Prime Day deals. The event is taking place two and a half months after an online news report sparked speculation that Amazon planned to display added tariff costs next to product prices on its website.

White House Press Secretary Karoline Leavitt denounced the purported change as a “hostile and political act” before Amazon clarified the idea had been floated for its low-cost Haul storefront but never approved.

Amazon’s past success with using Prime Day to drive sales and attract new members spurred other major retail chains to schedule competing sales in July. Best Buy, Target and Walmart are repeating the practice this year.

Like Amazon, Walmart is adding two more days to its promotional period, which starts Tuesday and runs through July 13. The nation’s largest retailer is making its summer deals available in stores as well as online for the first time.

Here’s what to expect:

Amazon expanded Prime Day this year because shoppers “wanted more time to shop and save,” Amazon Prime Vice President Jamil Ghani recently told The Associated Press.

Analysts are unsure the extra days will translate into more purchases given that renewed inflation worries and potential price increases from tariffs may make consumers less willing to spend. Amazon doesn’t disclose Prime Day sales figures but said last year that the event achieved record global sales.

Adobe Digital Insights predicts that the sales event will drive $23.8 billion in overall online spending from July 8 to July 11, 28.4% more than the similar period last year. In 2024 and 2023, online sales increased 11% and 6.1% during the comparable four days of July.

Vivek Pandya, lead analyst at Adobe Digital Insights, noted that Amazon’s move to stretch the sales event to four days is a big opportunity to “really amplify and accelerate the spending velocity.”

Caila Schwartz, director of consumer insights and strategy at software company Salesforce, noted that July sales in general have lost some momentum in recent years. Amazon is not a Salesforce Commerce Cloud customer, so the business software company doesn’t have access to the online giant’s e-commerce sales and so is not privy to Prime Day figures.

“What we saw last year was that (shoppers) bought and then they were done, ” Schwartz said. “We know that the consumer is still really cautious. So it’s likely we could see a similar pattern where they come out early, they’re ready to buy and then they take a step back.”

Amazon executives reported in May that the company and many of its third-party sellers tried to beat big import tax bills by stocking up on foreign goods before President Donald Trump’s tariffs took effect. And because of that move, a fair number of third-party sellers hadn’t changed their pricing at that time, Amazon said.

Adobe Digital Insights’ Pandya expects discounts to remain on par with last year and for other U.S. retail companies to mark 10% to 24% off the manufacturers’ suggested retail price between Tuesday and Friday.

Salesforce’s Schwartz said she’s noticed retailers becoming more precise with their discounts, such as offering promotion codes that apply to selected products instead of their entire websites.

Amazon Prime and other July sales have historically helped jump-start back-to-school spending and encouraged advance planners to buy other seasonal merchandise earlier. Analysts said they expected U.S. consumers to make purchases this week out of fear that tariffs will make items more expensive later.

Brett Rose, CEO of United National Consumer Supplies, a wholesale distributor of overstocked goods like toys and beauty products, thinks shoppers will go for items like beauty essentials.

“They’re going to buy more everyday items,” he said.

As in past years, Amazon offered early deals leading up to Prime Day. For the big event, Amazon said it would have special discounts on Alexa-enabled products like Echo, Fire TV and Fire tablets.

Walmart said its July sale would include a 32-inch Samsung smart monitor priced at $199 instead of $299.99; and $50 off a 50-Inch Vizio Smart TV with a standard retail price of $298.00. Target said it was maintaining its 2024 prices on key back-to-school items, including a $5 backpack and a selection of 20 school supplies totaling less than $20.

Independent businesses that sell goods through Amazon account for more than 60% of the company’s retail sales. Some third-party sellers are expected to sit out Prime Day and not offer discounts to preserve their profit margins during the ongoing tariff uncertainty, analysts said.

Rose, of United National Consumer Supplies, said he spoke with third-party sellers who said they would rather take a sales hit this week than use up a lot of their pre-tariffs inventory now and risk seeing their profit margins suffer later.

However, some independent businesses that market their products on Amazon are looking to Prime Day to make a dent in the inventory they built up earlier in the year to avoid tariffs.

Home fragrance company Outdoor Fellow, which makes about 30% of its sales through Amazon’s marketplace, gets most of its candle lids, labels, jars, reed diffusers and other items from China, founder Patrick Jones said. Fearing high costs from tariffs, Jones stocked up at the beginning of the year, roughly doubling his inventory.

For Prime Day, he plans to offer bigger discounts, such as 32% off the price of a candle normally priced at $34, Jones said.

“All the product that we have on Amazon right now is still from the inventory that we got before the tariffs went into effect,” he said. “So we’re still able to offer the discount that we’re planning on doing.”

Jones said he was waiting to find out if the order he placed in June will incur large customs duties when the goods arrive from China in a few weeks.

This post appeared first on NBC NEWS

For a fleeting moment, Ukraine’s conflict may have come full circle.

In the past 48 hours, US President Donald Trump has perhaps said his most forcefully direct words yet on arming Ukraine. And in the same period, the Kremlin have given their blankest indication to this White House that they are not interested in a realistic, negotiated settlement to the war.

Let us start with Trump’s comments on arming Ukraine, a reversion to a basic bedrock of US foreign policy for decades – opposing Russian aggression. “We’re going to send some more weapons,” the president said Monday of Ukraine. “We have to – they have to be able to defend themselves. They’re getting hit very hard.”

Behind him, his Defense Secretary Pete Hegseth nodded, despite this contradiction of the administration’s announcement days earlier of military shipments being stopped. What did Trump actually mean? He was short on detail.

A Pentagon spokesman later said that “at President Trump’s direction, the Department of Defense is sending additional defensive weapons to Ukraine to ensure the Ukrainians can defend themselves while we work to secure a lasting peace and ensure the killing stops.”

The about-face came days after Volodymyr Zelensky’s call with Trump on Friday, in which the Ukrainian leader said the two men spoke of joint weapons production, and air defense.

Zelensky urgently needs more Patriot interceptor missiles, which are the only way of taking down Russian ballistic missiles, and which only the US can authorize trade in. Trump spoke a day earlier with German Chancellor Friedrich Merz, who has offered to buy Patriots from the US to supply to Ukraine. Enough is afoot to have led Zelensky to declare on Saturday his Trump call was “the best conversation we have had during this whole time, the most productive.”

Trump’s failure to provide details may be strategic, or a by-product of his occasional disdain for them. But while he may sound briefly a little more like his predecessor, Joe Biden, in terms of arming Ukraine, herein lies one stark difference. Biden publicly announced in agonizing detail every capability he gave Kyiv, perhaps hoping the transparency would avoid a sudden unexpected escalation with Moscow.

Instead, Biden ended up with an excruciating public debate with Kyiv about every new system, and arms shipment, during which every seemingly impossible demand – from HIMARS rockets, to tanks, to F-16 fighter jets, to strikes inside Russia by ATACMs – was eventually acceded to. The plain, open ladder of American escalation was laid bare to the Kremlin. Trump perhaps seeks to avoid that by saying less.

But after barely six months in office, Trump finds himself back where Biden always was, after trying almost everything else – cosying up to then criticizing Russian President Vladimir Putin, falling out and making up with Zelensky, and spurning before eventually backing Europe. But the timing of his latest conversion, however enduring, reveals the desperation of this moment in the conflict.

The most recent, record Russian use of drones to attack Kyiv exposed possibly critical shortcomings in the capital’s air defenses. They would only have worsened without being resupplied, at a time when Ukraine has reported 160,000 Russian troops are massing to the north and east of the frontlines. The months ahead will be unpredictable and critical for Kyiv, even with renewed US military support.

Trump’s reversal may have stopped panic edging towards the risk of collapse. Why the shift?

Trump has always tried playing nice with Putin. Patient diplomacy, gentle words, and even last week’s brief pause in military aid – a Kremlin demand for a deal – still did nothing to change Putin’s position. The Kremlin does not want peace. And so Trump has learned slowly, rejecting the travails of recent history, that Russia is an opponent.

The end of the US’ longest war in Afghanistan, in which Biden withdrew fast in the wake of a hasty deal signed by Trump with the Taliban, led to scenes that haunted Trump’s predecessor and remain a potent stick with which Republicans beat Democrats. The repetition of a similar rout of American allies in Ukraine, or Eastern Europe, would be an indelible stain on the Republican or MAGA record. That is not imminent, or even that likely for now. But the seeds of it lie perhaps in any success for Putin’s planned aggression in the coming months.

Meanwhile, after six months of toying with the ideas of diplomacy, the Kremlin is back where it started too: willing to accept a peace only if it is surrender by another name. Its recent goal has been achieved: it has flattered the White House’s belief that it could talk out an end to the war, and taken enough time in talks that Russia’s summer offensive is now adequately manned, and the ground below these troops hard.

As recently as Monday, Putin’s top diplomat was repeating Russia’s most maximalist set of demands. Sergey Lavrov told a Hungarian newspaper that the “underlying causes” of the war must be eliminated, and gave a long, expansive list of impossibles, including the “demilitarization and denazification of Ukraine, lifting sanctions on Russia, rescinding all lawsuits against Russia, and returning the illegally seized Western-based assets.”

He added to that a requirement that Ukraine pledge to never join NATO, and also that occupied Ukrainian territory be recognized as Russian, including parts of Zaporizhzhia and Kherson that Moscow hasn’t even seized yet. It was a dizzying echo of Russia’s demands when it engaged in diplomacy for the first time in Istanbul, in the opening weeks of the war, as its soldiers shot civilians dead in the suburbs of Kyiv.

Putin’s rationale for rejecting real diplomacy is simple. He has sold this war (falsely) as an existential clash between Russia and its traditional values, and a liberal, expansionist and aggressive NATO. It is a binary moment in Russian history, his narrative insists. To entertain a short, albeit deceptive ceasefire on American terms would contradict the urgency of that false story, and risk undermining the skimpy morale of his troops, whose lives his commanders often fritter away in brutal, frontal assaults.

Putin can mollify Trump with talk of his desire for peace. But he cannot let slip the façade of the motherland being under assault. His retreat back to type has been shorter and easier than Trump’s. But still the Kremlin sees the enemy where it always has been, and where it always needs to be, for its war of choice to continue ending the lives of so many Russian men early.

And so, for a brief moment, Putin and Trump find themselves back where Russia and the US were in 2022. Moscow has tens of thousands more troops reportedly amassed to invade Ukraine yet again. Diplomacy seems pointless. Washington needs to help defend Ukraine or risk global embarrassment – the demise of its military hegemony. And Ukraine is still there, in the middle, watching both powers on either side vacillate and spin, yet holding on.

This post appeared first on cnn.com

Germany summoned the Chinese ambassador to the Foreign Ministry on Tuesday after saying China’s military had laser targeted a German aircraft taking part in an European Union operation in the Red Sea.

The flare up in tensions comes as concerns mount in the EU about Chinese influence on critical technologies and security infrastructure in Europe.

“Putting German personnel at risk and disrupting the operation is completely unacceptable,” said Germany’s Foreign Ministry on social media platform X.

There was no immediate response from China’s Foreign Ministry, and the Chinese Embassy in Berlin did not immediately respond to an emailed request for comment.

Germany’s Defense Ministry said the aircraft, taking part in the EU’s ASPIDES mission which protects international sea routes in the Red Sea, had been contributing a Multi-Sensor Platform, or “flying eye” for reconnaissance of the area since October.

A Chinese warship, which had been encountered several times in the area, had laser targeted the aircraft with no reason or prior communication during a routine mission flight, said a ministry spokesperson. The incident took place at the beginning of July.

“By using the laser, the warship put at risk the safety of personnel and material,” said the spokesperson, adding the mission flight was aborted as a precaution and the aircraft landed safely at a base in Djibouti.

The deployment of the MSP in ASPIDES has since been resumed, he said.

The MSP is operated by a civilian commercial service provider and German armed forces personnel are involved, said the ministry, adding the data collected significantly contributes to awareness for partners.

China has previously denied accusations of firing or pointing lasers at US planes. Incidents involving a European NATO member and China are more unusual.

In 2020, the US Pacific Fleet said a Chinese warship had fired a laser at a US naval patrol aircraft flying in airspace above international waters west of Guam. China said that did not accord with the facts.

This post appeared first on cnn.com

More than 80 years ago, the crew of the USS New Orleans, having been hit by a Japanese torpedo and losing scores of sailors, performed hasty repairs with coconut logs, before an 1,800-mile voyage across the Pacific in reverse.

The front of the ship, or the bow, had sunk to the sea floor. But over the weekend, the Nautilus Live expedition from the Ocean Exploration Trust located it in 675 meters (2,214 feet) of water in Iron Bottom Sound in the Solomon Islands.

Using remotely operated underwater vehicles, scientists and historians observed “details in the ship’s structure, painting, and anchor to positively identify the wreckage as New Orleans,” the expedition’s website said.

On November 30, 1942, New Orleans was struck on its portside bow during the Battle of Tassafaronga, off Guadalcanal island, according to an official Navy report of the incident.

The torpedo’s explosion ignited ammunition in the New Orleans’ forward ammunition magazine, severing the first 20% of the 588-foot warship and killing more than 180 of its 900 crew members, records state.

The crew worked to close off bulkheads to prevent flooding in the rest of the ship, and it limped into the harbor on the island of Tulagi, where sailors went into the jungle to get repair supplies.

“Camouflaging their ship from air attack, the crew jury-rigged a bow of coconut logs,” a US Navy account states.

With that makeshift bow, the ship steamed – in reverse – some 1,800 miles across the Pacific to Australia for sturdier repairs, according to an account from the National World War II Museum in Louisiana.

“‘Difficult’ does not adequately describe the challenge,” Schuster said.

While a ship’s bow is designed to cut through waves, the stern is not, meaning wave action lifts and drops the stern with each trough, he said.

When the stern rises, rudders lose bite in the water, making steering more difficult, Schuster said.

And losing the front portion of the ship changes the ship’s center of maneuverability, or its “pivot point,” he said.

“That affects how the ship responds to sea and wind effects and changes the ship’s response to rudder and propellor actions,” he said.

The New Orleans’ officers would have had to learn – on the go – a whole new set of actions and commands to keep it stable and moving in the right direction, he said.

The ingenuity and adaptiveness that saved the New Orleans at the Battle of Tassafaronga enabled it to be a force later in the war.

After making it across the Pacific from Australia to the US naval yard at Puget Sound, Washington state – facing the right way this time – the New Orleans undertook permanent repairs. It later participated in actions across the Pacific, including the decisive battles of Saipan and Okinawa, which led to the US gaining airfields that enabled the final blows to be made on Imperial Japan.

The ship was awarded 17 battle stars for its actions in the Pacific, tying it for the third most such decorations in the Pacific theater, according to the World War II Museum.

The New Orleans’ bow was found during the 21-day Maritime Archaeology of Guadalcanal expedition of Iron Bottom Sound by Nautilus Live, a cooperative effort among NOAA Ocean Exploration, the Ocean Exploration Cooperative Institute, the University of New Hampshire and the Naval History and Heritage Command.

Iron Bottom Sound was called Savo Sound before World War II, but Allied sailors gave it its current moniker for the huge numbers of warships that sank in battle there.

According to the expedition, five major naval battles were fought there between August and December 1942, resulting in the loss of more than 20,000 lives, 111 naval vessels and 1,450 planes on all sides.

Before the expedition, “fewer than 100 of these US, Japanese, Australian, and New Zealand military ships and planes have been located,” it says on its website.

The expedition began on July 2 and continues until July 23. Its continuing searches are being live streamed at nautiluslive.org.

This post appeared first on cnn.com

More than 200 kindergarten students in northwestern China were found to have abnormal blood lead levels after kitchen staff used paint as food coloring, authorities said, in a case that’s stoked outrage in a country long plagued by food safety scandals.

Eight people, including the principal of the private kindergarten that the children attended, have been detained “on suspicion of producing toxic and harmful food,” according to a report released Tuesday by Tianshui city government, as cited by Chinese state broadcaster CCTV.

The principal and a financial backer of the school had allowed kitchen staff at the Heshi Peixin Kindergarten to use paint pigments to color the children’s food, leading to contamination, according to the report, which followed a days-long but ongoing probe into the cases.

Of the 251 students enrolled at the kindergarten, 233 were found to have abnormal levels of lead in their blood, the report found. The children were undergoing medical treatment with 201 of them currently in hospital, authorities said. Medical evaluation on the effects of their exposure, which can cause long-term and developmental harm, were not yet made public.

Local media cited a pediatrics professor as saying aspects of the case suggest there could be chronic lead poisoning, meaning exposure over a period of more than three months.

During the investigation, two food samples from the kindergarten – a red date steamed breakfast cake and a sausage corn roll – were found to have lead levels more than 2,000 times the national food safety standard for contamination, according to figures cited in the investigation report.

Authorities said they launched the probe on July 1 after becoming aware of reports that children at the school had abnormal blood lead levels. Lead exposure in children can lead to severe consequences, including impacting children’s brain development, behavior and IQ.

The government report did not disclose how long the exposure had gone on, with some affected parents interviewed by state media saying they had noticed abnormal signs in their children’s health and behavior for months – and clamoring for more answers about how the exposure happened.

“My mind went blank,” a mother of one affected student told state media after learning from a hospital in a nearby city that her child had a blood lead level of 528 micrograms per liter – a revelation that came after she said a local department in Tianshui told her the blood levels were normal, according to a report published by outlet China National Radio (CNR). China’s National Health Agency classifies “severe lead poisoning” as anything above 450 micrograms per liter.

“Right now, I’m not thinking about compensation – I just want my child to be healthy,” she was quoted as saying.

‘How could they be poisoned so seriously?’

The case has raised all-too-familiar concerns in China about food safety as well as the levels of transparency with which such cases are handled – especially in a system where independent journalism is tightly controlled and officials are under pressure to resolve issues quickly.

Earlier this month, after the school conducted tests on the students but did not issue individual results, many parents took their children to Xi’an – a major city a roughly four-hour drive from Tianshui – for testing, according to a report published by a news outlet affiliated with the official People’s Daily.

Reports from state-affiliated media found that 70 children who were tested in Xi’an had blood lead levels surpassing the threshold of lead poisoning, with six of those cases exceeding 450 micrograms per liter. According to China’s official guidelines, this level is classified as “severe.” A full picture of the results from all the students with abnormal levels was not publicly available.

One mother told the People’s Daily-affiliated outlet that she had been confused by her daughter’s constant stomach aches, loss of appetite and behavioral changes over the past six months, which didn’t improve after treating her with traditional Chinese medicine.

Others expressed skepticism about the results of the official investigation.

“The children only eat three-color jujube steamed cake and corn sausage rolls once or twice a week, how could they be poisoned so seriously?” one mother, who gave her surname Wu, told CNR. “If something like this happened to the children in school, at least give us an explanation. Now there is nothing.”

Earlier this week, Tianshui’s mayor Liu Lijiang said the city would “do everything possible to ensure the children’s treatment, rehabilitation and follow-up protection,” while vowing to close “loopholes” in Tianshui’s public food safety supervision.

‘Serious accountability’

The case has led to widespread expressions of outrage across Chinese social media, the latest among dozens of high-profile scandals have been reported by local media since the early 2000s.

“Serious accountability must be maintained and food safety issues cannot be ignored or slacked off. When it involves the life safety of young children, severe punishment must be imposed,” wrote one commentator on the X-like platform Weibo.

“Children are the hope of a family. I hope they can recover soon and grow up healthily,” said another.

Past scandals have also impacted children. In one of the most egregious examples, six infants died and some 300,000 others were sickened by milk powder formula containing the toxic industrial chemical melamine. Several executives found to be responsible for the 2008 case were ultimately handed death sentences, and the tragedy drove deep mistrust of domestic products and food safety in China.

Lead poisoning used to be a more widespread issue in China. In 2010, the central government for the first time allocated special funds for heavy metal pollution prevention in response to at least 12 high-profile cases the previous year that left more than 4,000 people with elevated blood lead levels, according to state media.

Officials have also moved to tighten food safety regulations in recent years, but pervasive cases have shown more needs to be done in terms of enforcement and to build back public trust, experts say.

Improving the food regulatory system calls for “more transparency, more thorough investigation of food safety cases,” said Yanzhong Huang, a senior fellow for global health at the Council on Foreign Relations in New York and author of the book “Toxic Politics: China’s Environmental Health Crisis and its Challenge to the Chinese State.”

Huang also said a lack of public confidence in the safety systems could evolve into a “trust crisis.”

This post appeared first on cnn.com

Russia launched its largest drone attack on Ukraine since the beginning of its invasion, Ukrainian officials said Wednesday, just hours after US President Donald Trump pledged more military support for Kyiv and accused his Russian counterpart Vladimir Putin of throwing “bullsh*t” over peace talks.

The massive aerial assault involved 741 drones, Ukraine’s Air Force said, eclipsing the previous record number of 539 drones, set on July 4, by hundreds – but it was largely repelled, with the damage limited and no immediate reports of deaths.

“This is a demonstrative attack, and it comes at a time when there have been so many attempts to achieve peace and cease fire, but Russia rejects everything,” Ukrainian President Volodymyr Zelensky wrote on Telegram.

“Our partners know how to apply pressure so that Russia will be forced to think about ending the war, not new strikes. Everyone who wants peace must act.”

The barrage, which mainly targeted the city of Lutsk, in northwestern Ukraine, was so intense it caused Poland’s military to scramble aircraft in its airspace. It comes after weeks of intensifying aerial strikes on Ukraine by Russia.

“Last night, our region was again subjected to a mass attack,” Ivan Rudnitskyi, the head of the military administration in Volyn region, home to Lutsk, said on Telegram. “Virtually everything was flying towards Lutsk.”

Ukraine’s Air Force said it destroyed 718 of the drones. There were no immediate reports of fatalities. One woman was hospitalized with chest injuries in the city of Brovary, near Kyiv, its mayor said.

Ukraine launched 86 drones towards Russia overnight, according to the Russian Ministry of Defense.

Moscow’s scaled up assault on Kyiv follows a remarkable 48 hours in the White House, where Trump vented his anger about Russian leader Vladimir Putin’s lack of commitment to a peace deal and pledged more support for Ukraine.

“We get a lot of bullsh*t thrown at us by Putin, if you want to know the truth,” Trump said in a Cabinet meeting. “He’s very nice all of the time, but it turns out to be meaningless.”

Kyiv urgently needs more US-made Patriot interceptor missiles to repel Russian attacks.

“We’re going to send some more weapons (to Ukraine),” Trump said on Monday evening. “We have to — they have to be able to defend themselves.”

“They’re getting hit very hard. We’re going to have to send more weapons,” Trump added. “Defensive weapons, primarily, but they’re getting hit very, very hard.”

A Pentagon spokesman later said that “at President Trump’s direction, the Department of Defense is sending additional defensive weapons to Ukraine to ensure the Ukrainians can defend themselves while we work to secure a lasting peace and ensure the killing stops.”

Secretary of Defense Pete Hegseth did not inform Trump before authorizing the weapons pause last week, according to five sources familiar with the matter.

This post appeared first on cnn.com

Just when we thought tariff talk had gone quiet, it’s back on center stage. With the reciprocal tariff deadline landing this Wednesday, President Trump has mailed out notices that new duties will kick in on August 1. Countries such as Japan, South Korea, Malaysia, and Kazakhstan face a 25% levy, while a few others may see steeper rates.  

Wall Street didn’t take the news well. On Monday, the S&P 500 ($SPX) closed lower by 0.79%.  

Before the July 4 long weekend, the S&P 500 and Nasdaq Composite ($COMPQ) notched fresh record highs, buoyed by solid jobs data. But like migratory birds, tariffs circled back on Monday and pushed stocks lower almost across the board.  

Monday’s performance can be encapsulated by the StockCharts MarketCarpets screenshot below. It was pretty much red except for a few lonely green squares. 

FIGURE 1. STOCK MARKET’S PERFORMANCE ON MONDAY, JULY 7. Besides a few lonely green squares, the screen lit up red. Image source: StockCharts.com. For educational purposes.

Why Pullbacks Can Be Your Friend

Stock market pullbacks aren’t all bad. They give investors and traders a chance to go bargain hunting. A handy tool is the Market Movers panel in your StockCharts Dashboard. Check the “S&P 500 % Down” category to spot the 10 stocks in the index that had the largest % loss for the trading day. Then view the charts and see if any deserve a place in your ChartLists.

Two names that caught my eye: 

  1. Tesla, Inc. (TSLA)
  2. ON Semiconductor Corp. (ON) 

FIGURE 2. MARKET MOVERS PANEL FROM MONDAY, JULY 7. From this list, two stocks worth considering as “buy the dip” opportunities are TSLA and ON. Image source: StockCharts.com. For educational purposes.

Tesla, Inc. (TSLA): Sitting on the Fence

While it’s clear that politics helped knock TSLA down, the chart tells a fuller story. 

From the daily chart of TSLA below, it’s clear that the stock has seen some erratic movement recently. 

FIGURE 3. DAILY CHART OF TSLA’S STOCK PRICE. TSLA’s stock price has danced above and below its 200-day simple moving average, and momentum is relatively weak. Chart source: StockCharts.com. For educational purposes.

Since April, TSLA’s stock price looked like it was recovering after it broke out above its 200-day simple moving average (SMA). However, in early June it dipped below it and then went above it, and is now back below it. The June 23 high was below the end of May high. The relative strength index (RSI) and percentage price oscillator (PPO) indicate weakening momentum. The big question is where is TSLA going to find support? 

Watch three support levels on your chart. TSLA’s stock price has moved above the first support level. Look for momentum to pick up to confirm the upside move. If TSLA’s stock price doesn’t hold at this level and falls further towards the $270 or $220 levels, similar conditions would apply. However, a significant fall in price would weaken momentum significantly and would need stronger evidence to consider going long. 

ON Semiconductor (ON): Stalling at Resistance

ON has lagged its chip-making peers. Over the past year, ON Semiconductor has underperformed the VanEck Semiconductor ETF (SMH). ON supplies chips to automakers and manufacturers, so its fortunes rise and fall with car demand. 

The daily chart of ON below shows that since early April the stock price has recovered with a series of higher highs and higher lows. It is now facing resistance of its 200-day SMA, a resistance area that coincides with the February high and the early January gap down. Momentum looks like it’s rising as indicated by the slight rise in RSI and a potential bullish crossover in the PPO. 

FIGURE 4. DAILY CHART OF ON SEMICONDUCTOR. Since early April, ON has printed higher highs and higher lows. The stock price is now hovering around its 200-day SMA, and momentum seems to be gaining a little strength. Chart source: StockCharts.com. For educational purposes.

I would look for ON to clear $58 on strong volume and improving momentum before opening a long position.  

Closing Position

  • Add price alerts in StockCharts at each support level (for TSLA) or resistance level (for ON).
  • When an alert triggers, re-evaluate the chart to confirm if momentum is strong enough for a price reversal and upside follow-through. 

A short-term investment could be a better choice for TSLA since its price performance is correlated to Elon Musk’s involvement with the company. 

ON could be a steadier, longer-term investment if the stock price breaks above resistance. 

No matter what, decide in advance where you’ll place your stops. Then stick to your plan because discipline always wins.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Waymo announced Tuesday that it is offering accounts for teens ages 14 to 17, starting in Phoenix.

The Alphabet-owned company said that, beginning Tuesday, parents in Phoenix can use their Waymo accounts “to invite their teen into the program, pairing them together.” Once their account is activated, teens can hail fully autonomous rides.

Previously, users were required to be at least 18 years old to sign up for a Waymo account, but the age range expansion comes as the company seeks to increase ridership amid a broader expansion of its ride-hailing service across U.S. cities. Alphabet has also been under pressure to monetize AI products amid increased competition and economic headwinds.

Waymo said it will offer “specially-trained Rider Support agents” during rides hailed by teens and loop in parents if needed. Teens can also share their trip status with their parents for real-time updates on their progress, and parents receive all ride receipts.

Teen accounts are initially only being offered to riders in the metro Phoenix area. Teen accounts will expand to more markets outside California where the Waymo app is available in the future, a spokesperson said.

Waymo’s expansion to teens follows a similar move by Uber, which launched teen accounts in 2023. Waymo, which has partnerships with Uber in multiple markets, said it “may consider enabling access for teens through our network partners in the future.”

Already, Waymo provides more than 250,000 paid trips each week across Phoenix, the San Francisco Bay Area, Los Angeles, Atlanta, and Austin, Texas, and the company is preparing to bring autonomous rides to Miami and Washington, D.C., in 2026.

In June, Waymo announced that it plans to manually drive vehicles in New York, marking the first step toward potentially cracking the largest U.S. city. Waymo said it applied for a permit with the New York City Department of Transportation to operate autonomously with a trained specialist behind the wheel in Manhattan.

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Former Russian Transport Minister Roman Starovoit died by suicide on Monday, just hours after Russian President Vladimir Putin fired him from the job, officials said.

Starovoit was dismissed by Putin on Monday morning. The decree announcing his dismissal was published on the official Kremlin website, with his deputy Andrey Nikitin appointed acting minister.

Asked by reporters for the reasons behind Starovoit’s dismissal, Kremlin spokesperson Dmitry Peskov denied this was due to a “lack of trust,” but he did not give any alternative reason.

The Investigative Committee of Russia said in a statement that Starovoit’s body was found inside a car in Odintsovo, a suburb of Moscow. He was found with a gunshot wound, the committee said. It said the circumstances of his death were being investigated but the “main theory is suicide.”

Before he became a minister in May 2024, Starovoit was the governor of the southern Russian Kursk region. While he left the post before Ukraine’s surprise incursion, he was partially blamed for security failures in the Russian region.

The dismissal came amid a multi-day disruption to air travel in Russia. Russian Federal Agency for Air Transport said 485 flights were canceled, 88 were diverted and 1,900 were delayed over the weekend and into Monday.

The agency said the cancellations were down to “external interference,” without giving any specifics. But the Russian Defense Ministry said more than 400 Ukrainian long-range strikes were intercepted during the same period of time.

The Ukrainian military said it also struck a chemical plant in Krasnozavodsk, north of Moscow early on Monday. It said the plant manufactures “pyrotechnic devices and ammunition, including thermobaric warheads for Shahed-type” drones.

Another deadly night in Ukraine

At least 12 civilians were killed and more than 90 injured in Russian attacks across Ukraine in the 24 hours to mid-morning on Monday, according to Ukrainian authorities.

At least 29 people, including three children aged 3, 7 and 11, were injured when Russian drones hit a residential building, a kindergarten and a commercial area at 6 a.m. local time Monday (11 p.m. ET on Sunday) in Kharkiv in northeastern Ukraine.

At least 17 more people, including a teenage boy, were injured when the same city was struck with drones again just five hours later, according to Kharkiv mayor Ihor Terekhov.

The Ukrainian Air Force said Russia fired four surface-to-air missiles and 101 Shahed-type drones at Ukraine in the past 24 hours, adding that it downed 75 of the drones either by shooting them down or by jamming.

The Land Forces of Ukraine said on Monday that two of its recruitment offices were hit by Russian drones on Monday, the latest in a string of similar incidents.

Six draft offices across the country have been attacked by Russian drones in just over a week, the Land Forces said in a statement, adding that they believed Russia was attacking the offices in an attempt to disrupt the Ukrainian military’s enlistment process.

At least two people have been killed and more than a dozen injured in these attacks, the statement said.

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