Nightly News - Wed Jun 24 2026
Daily Tech Reader
Nation
Burnham Nears Uncontested UK Leadership — Rival Darren Jones Steps Aside
Andy Burnham moved closer to becoming prime minister without a contest Wednesday after Cabinet minister Darren Jones, the only serious potential rival, said he would not run. Nominations open July 9; if Burnham is unopposed, he could be PM by July 17.
Sources: Washington Post · PBS · AP
Federal Judge Blocks Trump Proof-of-Citizenship Voting Requirement
A federal judge barred the Trump administration from implementing its proof-of-citizenship requirement to vote, dealing a significant setback to the policy ahead of the 2026 midterms.
Sources: PBS · AP · Reuters
NY Primary Results: Mamdani-Backed Progressives Sweep Safe Seats, Moderates Hold Competitive Districts
New York Mayor Zohran Mamdani's three endorsed candidates — including two who challenged Democratic incumbents — all won their primaries in safe Democratic seats, while moderates prevailed in competitive districts. The split result reflects the party's ongoing tension over how progressive it wants to be.
Sources: NPR · AP · PBS
Appeals Court Reinstates Trump Fast-Track Deportation Authority Nationwide
A federal appeals court allowed the Trump administration to resume expedited deportations of undocumented migrants throughout the U.S., not just near the border, reversing a lower court ruling.
Sources: NPR · AP
World
Trump Meets NATO Chief Rutte at White House — Summit in Turkey Next Week
President Trump met with NATO Secretary-General Mark Rutte in the Oval Office Wednesday as the alliance prepares for a leaders' summit in Turkey, with Trump having renewed threats to leave NATO and raising the stakes significantly heading into the meeting.
Sources: PBS · AP · Reuters
Brent Crude Falls to $73.74 — Lowest Since Before Iran Airstrikes as Hormuz Easing Continues
Oil prices slid sharply Wednesday, with Brent crude dropping 4.3% to $73.74 per barrel — its lowest level since before the U.S.-Israel strikes on Iran in late February — as Strait of Hormuz shipping conditions continued to improve.
Sources: CNBC · Reuters · Bloomberg
Surfside Condo Collapse — Florida Marks Five Years Since 98 Were Killed
Florida commemorated the fifth anniversary Wednesday of the Champlain Towers South collapse in Surfside, which killed 98 people and remains one of the largest structural failures in U.S. history. The anniversary has renewed debate over the state's building safety regulations.
Sources: NPR · AP
Former NYC Mayor Adams' Chief of Staff Arrested in Federal Bribery Probe
A former chief of staff to ex-New York Mayor Eric Adams was arrested Wednesday on federal bribery charges, the latest development in an ongoing probe that has ensnared multiple figures from the Adams administration.
*Sources: AP · PBS · Reuters
Technology
Micron Q3 Blowout: $41.5B Revenue, +346% YoY — Guides $50B for Q4, Stock Surges 15% After Hours
Micron reported record Q3 revenue of $41.46 billion — crushing the $35.84 billion estimate — driven by AI-fueled HBM memory demand, with data center revenue up sevenfold to $11.5 billion. Q4 guidance of $50 billion also demolished expectations of $43.6 billion, sending shares up 15% in extended trading.
Sources: CNBC · TheStreet · Bloomberg
Micron + Qualcomm Forecasts Ignite $400B AI Chip Rally After Hours
Micron's blowout earnings and Qualcomm's investor-day projection of $15B in data center sales by 2029 combined to add over $400 billion in semiconductor market value in after-hours trading Wednesday, reversing a brutal Tuesday session for chip stocks.
Sources: Reuters · Yahoo Finance · TheStreet
FedEx Shares Fall 6% on Narrow Revenue Beat — Cerebras Drops 11% on Margin Guidance
FedEx shed about 6% after revenue narrowly beat expectations in Q4 but failed to satisfy investors seeking stronger freight demand signals. Cerebras fell 11% after its first post-IPO earnings report, with a forecast decline in core gross margin rattling investors.
Nasdaq Slips 0.43%, S&P 500 Falls 0.1% Ahead of Micron — Dow Adds 182 Points
Sources: CNBC · TheStreet
Nasdaq Slips 0.43%, S&P 500 Falls 0.1% Ahead of Micron — Dow Adds 182 Points Markets closed mixed Wednesday as investors sat on their hands ahead of Micron's earnings, with the Nasdaq down 0.43% to 25,477 and the S&P 500 off 0.1% to 7,358, while the Dow gained 182 points on rotation into non-tech names.
Sources: CNBC · Bloomberg
Business & Markets
Trump Refuses to Sign Bipartisan Housing Bill — Court Reveals Trump Called Live Nation CEO Before Antitrust Settlement
President Trump declined to sign a bipartisan housing bill Wednesday that had passed with rare cross-aisle support. Separately, a court filing revealed Trump spoke directly to Live Nation's CEO before the government settled its antitrust case against the company.
Sources: U.S. News · Reuters · AP
PCE Inflation Data and Revised Q1 GDP Due Thursday — Wall Street Watching for Rate Signals
Markets are bracing for Thursday's May PCE inflation reading and revised Q1 GDP estimate, two of the Federal Reserve's most closely watched data points, which could reset rate-cut expectations as the central bank heads into its July meeting.
Sources: CNBC · Bloomberg · Schwab
Science & Health
Pentagon Restores Mandatory Flu Shots for Recruits After Boot Camp Outbreak Sickens Nearly 300
The Defense Department reinstated mandatory influenza vaccination for all new recruits Wednesday after a boot camp outbreak sickened nearly 300 service members, reversing a policy change made earlier in the year.
Sources: U.S. News · AP
Toxic Caterpillars Infest Berlin Parks — Residents Warned to Avoid Contact
Berlin authorities warned residents Wednesday to avoid contact with oak processionary moth caterpillars now infesting multiple city parks, as their toxic hairs can cause severe skin irritation, eye damage, and respiratory reactions.
Sources: CNN · RTL Germany
Sports
Brazil Tops Group C with 3-0 Win Over Scotland — Scotland Sweats Out Round-of-32 Fate
Vinicius Junior scored twice as Brazil routed Scotland 3-0 in Miami, topping Group C on goal differential over Morocco, which beat Haiti 2-0 in Atlanta. Scotland, which has never reached a World Cup knockout round, now waits to see if its single win is enough to advance as one of the best third-place teams.
Sources: Yahoo Sports · ESPN · FIFA
Switzerland 3-1 Canada, Bosnia 3-1 Qatar — Group B Final Round Sends Both Through
Switzerland held off Canada 3-1 to top Group B, while Bosnia and Herzegovina beat Qatar 3-1 to join them in the Round of 32. Canada, which had been unbeaten heading in, fell just short of advancing from the top spot in front of a home crowd.
Sources: Yahoo Sports · ESPN · FIFA
World Cup Day 14 Tonight: Mexico vs. Czechia and South Korea vs. South Africa at 9 p.m. ET
Group A concludes tonight at 9 p.m. ET with co-host Mexico — already through — taking on Czechia at Estadio Azteca, while South Korea faces South Africa in Monterrey. South Korea needs at least a draw to advance; South Africa must win. Sources: Yahoo Sports · Fox Sports · FIFA
Entertainment
Clive Davis, Legendary Music Producer and Record Industry Titan, Dies
Clive Davis, the record industry executive who discovered and developed artists including Whitney Houston, Bruce Springsteen, Santana, and Alicia Keys, has died, CNN reported Wednesday. No age or cause was immediately confirmed.
Sources: CNN · AP
Cannes Lions Wraps — AI and Purpose-Driven Campaigns Dominate Grand Prix Winners
The Cannes Lions International Festival of Creativity concluded on the French Riviera Wednesday, with AI-integrated campaigns and purpose-driven brand work dominating the Grand Prix categories across film, print, and digital.
Sources: Ad Age · Euronews
Weather
DFW: High 93°F, Few Storm Chances — Low Tonight 77°F, Heat Persists Through Week
Dallas–Fort Worth sees more summer heat Wednesday with a high near 93°F, partly sunny skies, and a few isolated storm chances through the afternoon. The front that was expected to bring relief continues to lag; AccuWeather shows highs staying in the mid-90s through the weekend.
Sources: Fox 4 Dallas · AccuWeather · NWS Fort Worth
Coming Up
Thursday Watch: PCE Inflation · Revised Q1 GDP · USA vs. Turkey World Cup · Chip Stocks React to Micron
Thursday brings May PCE inflation data and revised Q1 GDP — the Fed's two key inputs before July — plus the U.S. men's national team facing Turkey at SoFi Stadium in Inglewood at 10 p.m. ET. Chip stocks open with Micron's blowout results as tailwind; watch for extended AI hardware rally.
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