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US launches 10th round of strikes as Iran says it is in β€˜full-scale war’

Diplomats say de-escalation talks continue as Trump vows retaliation over US soldier deaths

The US military said it has launched its 10th consecutive round of strikes on Iran to force the reopening of the strait of Hormuz.

Earlier on Monday, Iran’s president said the country is in a β€œfull-scale war” after the US expanded its aerial campaign and Tehran struck Washington’s Gulf allies, even as diplomats said talks to de-escalate were continuing.

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Β© Photograph: US Central Command (CENTCOM)/AFP/Getty Images

Β© Photograph: US Central Command (CENTCOM)/AFP/Getty Images

Β© Photograph: US Central Command (CENTCOM)/AFP/Getty Images

Truth Social Parent to Sell Faster Access to Trump’s Posts

The product, Truth API, could give Wall Street trading firms an edge in seeing President Trump’s posts on the social media platform he partly owns.

Β© Allison Robbert/Associated Press

A Truth Social booth at the Great American State Fair on the National Mall in Washington this month.

Trump admin secures record $265 billion TSMC investment in U.S. semiconductor manufacturing, adding 4 new facilities for total of 12

16 July 2026 at 17:00

TSMC

In a major boost to American domestic manufacturing, the Trump Administration today announced that Taiwan Semiconductor Manufacturing Company (TSMC) is committing an additional $100 billion in investments for advanced semiconductor facilities in the United States. This brings TSMC’s total planned investment to $265 billion β€” one of the largest foreign direct investments in American history.

The announcement, made jointly by the White House and the Department of Commerce, highlights the success of strategic trade and investment partnerships, particularly the historic U.S.-Taiwan deal signed in January 2026. As a direct result, TSMC will build four additional advanced semiconductor manufacturing and packaging facilities, bringing its U.S. footprint to 12 leading-edge facilities, primarily in Arizona.

Building on Momentum

This latest expansion builds on previous commitments. TSMC’s original plans started at around $65 billion, which were later increased. The new infusion underscores sustained momentum under the current administration’s focus on reshoring critical supply chains.

In a statement, U.S. Commerce Secretary Howard Lutnick emphasized the job-creating impact, β€œPresident Trump’s leadership is driving companies to invest in American manufacturing. TSMC’s announcement of an additional $100 billion investment following our historic deal on trade and investment with Taiwan will create tens of thousands of American jobs and bring advanced semiconductor manufacturing back to America.”

TSMC Chairman and CEO Dr. C.C. Wei echoed the sentiment, crediting collaboration with the administration and strong U.S. customer demand, β€œWe appreciate the strong collaboration and support of the Trump Administration, Secretary Lutnick and our leading U.S. customers… This is to support the strong multi-year demand from our leading U.S. customers, and we believe this investment will further foster the development of the U.S. semiconductor ecosystem, strengthen the supply chain, and support significant job creation in the United States.”

Economic and Strategic Impact

The investments are expected to generate significant construction and high-tech jobs, along with billions in indirect economic output. Beyond direct facilities, the broader U.S.-Taiwan trade and investment framework is catalyzing an additional $500 billion in Taiwanese investments β€” $250 billion in direct semiconductor and related enterprises, plus another $250 billion to strengthen the full supply chain in the U.S.

This move addresses long-standing concerns about reliance on overseas production for advanced chips, especially those critical for AI, defense, automotive, and consumer electronics. By expanding domestic capacity with a world-leading foundry like TSMC, the U.S. strengthens its position in the global semiconductor race while creating high-paying opportunities for American workers.

The Trump Administration’s approach, which combines diplomatic deals, incentives for onshoring, and a focus on national security, continues to yield concrete results in rebuilding America’s industrial base.
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MacDailyNews Take: With 12 state-of-the-art facilities on track, America is poised to capture a much larger share of advanced chip production. This not only bolsters economic competitiveness, but also enhances supply chain resilience against geopolitical risks.


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Trump made $1.4bn from crypto in one year. Is Justin Sun the man who helped him do it?

16 July 2026 at 17:19

The entrepreneur is known in Washington as the financial power behind the president’s crypto fortune. How did Sun’s business love-in with the Trump family spiral into dueling lawsuits?

The most infamous financial scandal in US presidential history – the 1920s Teapot Dome affair – involved then president Warren G Harding’s interior secretary, Albert Fall, taking roughly $400,000 in bribes. Adjusted for inflation, that’s about $6m today. Last year, Donald Trump made at least $2.2bn; his single year of income is on the order of 200 to 300 times larger than the bribe that defined β€œpresidential corruption” in the American imagination for a century.

It’s taken for granted that Trump flogs items like Bibles and gold sneakers as a way to wring more money from his loyal base. But of the president’s $2.2bn, at least $1.4bn came from his crypto businesses. That’s an extraordinary achievement, even for an unscrupulous sitting president. How exactly did he do it without any prior background in crypto?

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Β© Photograph: Bloomberg/Getty Images

Β© Photograph: Bloomberg/Getty Images

Β© Photograph: Bloomberg/Getty Images

An Extraordinary White House Meeting

16 July 2026 at 14:28
A new book sheds light on President Trump’s affinity for fossil fuels.

Β© Adriana Loureiro Fernandez for The New York Times

An oil refinery in Punto Fijo, Venezuela. In a meeting with the president, the Chevron chief executive pushed for an extension of the company’s license to operate in the country.

Trump rails against New York’s statewide datacenter moratorium

AI-friendly president shared a post saying governor Kathy Hochul should scrap the one-year policy β€˜IMMEDIATELY’

Donald Trump railed against the New York governor, Kathy Hochul, for pausing the construction of large new datacenters, the resource-intensive facilities that power artificial intelligence.

New York became the first US state to enact a moratorium on new datacenters on Tuesday, when Hochul signed an executive order mandating a one-year statewide pause on so-called β€œhyperscale” datacenters.

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Β© Photograph: Matt Roberts/Shutterstock

Β© Photograph: Matt Roberts/Shutterstock

Β© Photograph: Matt Roberts/Shutterstock

Trump admin puts Americans in Congo on "do-not-board" list, barring return

14 July 2026 at 23:09

The Trump administration on Monday barred US citizens in the Democratic Republic of the Congo from returning home amid an Ebola outbreak that continues to outpace response efforts.

Reuters first reported late Monday that Americans currently in the DRC or those who have recently traveled to the Ebola-stricken country have been put on a "do-not-board" list. They cannot travel back to the US until they have spent 21 days in a third country. The order, taken under a transportation authority known as Title 49, was independently confirmed by Politico on Tuesday.

Both outlets noted that roughly two dozen Americans who had been set to board flights home on Tuesday have already been blocked by the new rule. It remains unclear if the bar also applies to government workers. The Centers for Disease Control and Prevention has at least two dozen employees working in the DRC.

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Β© Getty | GLODY MURHABAZI

Trump’s Plans for Nuclear Power Lurch Ahead

9 July 2026 at 19:56
Recent technological advances have brought the president’s goals a bit closer to reality.

Β© Josh Edelson/Agence France-Presse — Getty Images

Energy Secretary Chris Wright, center, visited the National Reactor Innovation Center near Idaho Falls, Idaho, last month.
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