NEW: 🇺🇸 Trump administration imposes tariffs up to 100% on Chinese drones, targeting drone industry.

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NEW: 🇬🇧 BOE's Pill says his own response points to need to raise bank rate to 4%.

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NEW: 🤖 ChatGPT, Gemini, Claude, and Grok are currently down for some users

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NEW: 🇮🇷🚀 Iran launches missiles toward the Strait of Hormuz.

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NEW: 🔥 Explosions reported in the Strait of Hormuz, a critical oil chokepoint.

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NEW: ⚠️ Thomson Reuters’ C-Track platform hit by a cybersecurity incident, potentially disrupting critical financial data feeds.

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NEW: 🤖 OpenAI rolls out GPT-6 Astra model with added cyber guardrails

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NEW: 🇺🇸 VP Vance says Fed should lower rates.

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NEW: 🇩🇪 Volkswagen plans to cut around 50,000 positions as part of its 2030 strategic plan.

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NEW: 🇨🇦 Canada's Carney says Canada will resume trade talks with US 'when the Americans are ready' after 50% tariffs and dollar-for-dollar retaliation.

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NEW: 🤖 OpenAI CEO Sam Altman says he assumes the company will go public.

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NEW: 🇺🇸 Senator Bernie Sanders pushes bill to ban advanced AI development.

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NEW: 🇺🇸 Three Iranian Air Force pilots killed in US bombing of Iran

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NEW: 🇯🇵 Japan July household spending rises 0.5% month-on-month, sharply missing 2.6% expectations — government data

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NEW: 🇰🇷 South Korea plans to send naval forces to Strait of Hormuz to assist US — defense ministry officials

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NEW: ⚠️ Cathay Pacific cancels all passenger flights to Dubai and Riyadh through November 30.

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NEW: 🚗 Tesla announces Cybercab rides available to the public starting Friday at 5 p.m. CT.

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NEW: 🇪🇺 EU joins US sanctions push on Iran

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NEW: 🇳🇴 Norway's sovereign wealth fund may cut US Treasury holdings by about $80B — FT reports

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NEW: 🛢️ Only 4 commodity ships passed the Strait of Hormuz on Thursday, far below the 10-day average of about 15, data shows.

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NEW: 📉 China-US yield disparity hits record high amid global bond rout.

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