💻 Moody's Warns AI Spending Threatens Big Tech Credit Quality
Moody's has cautioned that "unprecedented" artificial intelligence investment is pressuring the credit quality of Amazon, Meta, Alphabet and other major technology companies.
The ratings agency said AI spending is forcing even the world's most cash-rich corporations to rely heavily on debt, stock sales and off-balance-sheet financing to fund their buildouts.
The warning signals that sustained AI infrastructure costs could reshape the financial profiles of Big Tech firms previously considered among the most creditworthy in the world.
🪖 U.S. Merops Drone Downs Iranian Shahed in First Combat Use
U.S. Army soldiers in Kuwait intercepted an Iranian Shahed drone this week using the Merops counter-drone system — the first time American forces have used the system in combat against a hostile drone.
Merops, made by Project Eagle, uses a $15,000 interceptor drone guided by AI and piloted with Xbox controllers. Ukraine has used the system to down more than 1,000 Russian Shaheds. The U.S. deployed Merops to the Middle East in March at the start of the Iran war. Army Secretary Dan Driscoll told lawmakers the Army purchased thousands of interceptors and aims to push the unit cost below $10,000.
At least four U.S. service members have been killed and nearly 100 injured this month as American and Iranian forces continue exchanging strikes following the collapse of a ceasefire.
🕌 Iran Strikes U.S. Bases in Bahrain, Kuwait and Jordan — Americans Killed
Iran has attacked U.S. military infrastructure across three countries, hitting radar, communications, air-defense and aviation assets in Bahrain, Kuwait and Jordan, including facilities tied to the Fifth Fleet, Camp Arifjan, Ali Al Salem Air Base and Muwaffaq Salti Air Base. U.S. personnel have been killed.
The strikes follow 12 consecutive nights of U.S. attacks on Iranian command centers, missile sites, air defenses and nuclear-linked facilities. Iran's assault marks a direct escalation targeting the military infrastructure underpinning U.S. power projection across the Middle East.
🇮🇷 House Votes 214-208 to Halt Iran War — Senate Blocks It
The U.S. House passed a war powers resolution Thursday directing President Trump to halt military action against Iran unless he obtains congressional approval. The Senate voted hours later to block a similar measure.
The House vote was 214-208, with four Republicans joining Democrats to pass it. As a concurrent resolution, it does not go to the president for signature and carries disputed legal force, making it largely symbolic. Trump is expected to ignore it.
The split outcome reflects growing congressional frustration over the Iran conflict, while the Senate vote signals Republican backing for the president's continued military campaign.
🇺🇦 U.S. and Ukraine Sign Bilateral Drone Cooperation Deal
The U.S. and Ukraine have signed a bilateral statement of intent establishing a framework for drone cooperation, including the export of Ukrainian combat drones to the United States for military testing, according to two sources familiar with the agreement.
"The deal has been sealed," one official told RFE/RL. A second source confirmed the document had been "signed by both sides."
The agreement marks a significant step in defense-industrial ties between the two countries, potentially opening a pathway for Ukrainian drone technology to be integrated into U.S. military evaluation programs.
⚡ Oil Surges to June High on Red Sea Attack Escalation
Oil prices climbed to their highest level since early June on Thursday after attacks in the Red Sea raised the prospect of major new disruptions to global energy supplies.
The move came as Iran's involvement in the conflict intensified, stoking fears of broader supply chain disruption through one of the world's most critical shipping corridors.
Oil prices approaching triple digits would add fresh pressure to global inflation and complicate Federal Reserve rate decisions already under scrutiny.