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/ International Affairs

US-Iran ceasefire collapses as new strikes rock the Middle East

US Navy

The US and Iran have launched a new wave of military attacks on one another over the past two days, threatening to destroy the fragile peace deal the two nations reached just weeks ago.

Why is the conflict restarting?

Earlier this week, the US accused Iran of attacking three commercial vessels in the Strait of Hormuz after it required ships passing through the key waterway to follow a government-approved route.

That did not make the US happy:

  • In response, the US says it struck Iran’s air defense system and more than 60 paramilitary boats β€œto further degrade Iran’s ability to attack commercial shipping” and help protect β€œinnocent civilian mariners."

  • The US also cancelled a waiver that had allowed Iranian oil to be sold to other countries around the world.

Iran responded with missile and drone strikes targeting military bases in US-allied countries, including Bahrain, Kuwait, Qatar, and Jordan.

What happens now? Mediators are still hoping to revive peace talks after a nearly weeklong funeral ceremony for Iran's former Supreme Leader concluded. However, divisions remain within Iran over whether to continue negotiations or return to war with the US.

🌎 Why is this important? Although traffic had begun recovering after the earlier ceasefire, the renewed fighting has once again disrupted shipping through the Strait of Hormuz, a critical route for global energy supplies. Oil prices initially climbed on fears of supply disruptions, though analysts say markets still expect the conflict to remain relatively limited.

πŸ‘€ The story isn't over: See how the story evolves in the News+ Watchlist, where we're continuously tracking ceasefire updates, military movements, access to the Strait of Hormuz, and more.

Only News+ members get updates from our team when new data arises. Click the button below to see its status, momentum, and other key developments.

/ Food

An anchovy shortage could increase your grocery bill

NextGen News / Getty Images

Even if anchovies never make it onto your pizza, their soaring prices could still affect your wallet as a shortage of the tiny fish is pushing up costs across parts of the seafood industry.

Why will your prices raise?

Mainly because the salty sea creatures are a key ingredient in fishmeal, which is widely used by the roughly $500 billion aquaculture industry to feed farmed salmon, shrimp, seabass, oysters, and other seafood.

According to Bloomberg:

  • Global anchovy production has fallen by as much as 40% over the past year.

  • Thanks to production issues, fishmeal prices are up roughly 80% and have reached record highs.

Why the supply chain disruption? Warming waters from an unusually strong β€œSuper El NiΓ±o” event this year have caused anchovy populations to become displaced, leading to smaller harvests in Peru, Ecuador, and Chile, which together produce almost a third of the world’s fishmeal.

Smaller harvests will eventually show up as higher prices: As fishmeal prices soar to record highs and costs continue to rise for seafood farms, those higher costs could eventually show up at grocery stores and restaurants.

🌎 How big is the impact for you? Some seafood industry analysts estimate consumer prices for farmed seafood (mainly salmon, shrimp, sea bass, and sea bream) could rise 20–25% as higher feed costs work their way through the supply chain. However, Many aquaculture companies are trying to absorb higher costs or replace some fishmeal with soy, algae, or insect protein, which could limit price increases.

/ Housing

Young people are buying houses after all

Designed by NextGen News

Despite a nationwide affordability crisis, record home prices, and elevated mortgage rates, members of Gen Z are snatching up homes faster than a realtor can say β€œsold.”

Young buyers, old sellers

New data from mortgage technology company Intercontinental Exchange (ICE) showed that younger buyers accounted for a growing share of mortgage applications this year:

  • Gen Z alone represented 20% of mortgage rate locks in the second quarter of this year.

  • Combined, Millennials and Gen Z made up 65% of mortgage rate locks.

  • Gen Z also now represents more than one-third of first-time homebuyers.

Just because sales are higher doesn't mean prices aren't, too. The typical monthly housing payment now consumes about 43% of the median household income, well above the recommended affordability threshold of 30%.

So how are they doing it? According to ICE, many are relying on family to cover down payments while taking advantage of reduced competition in a market where fewer homeowners are selling. While affordability is still a challenge for most, the small number of active shoppers is giving younger buyers a better chance of securing a home.

However, buying a home isn’t the expensive part: The average age of a home has hit a record high of 44 years, meaning even if young people are lucky enough to become new homeowners, they’ll still more than likely face skyrocketing maintenance and repair costs.

🌎 Why does this matter? The data reflects a shifting mentality among younger prospective buyers. Economists say the data doesn't mean housing has become affordable (spoiler: it hasn’t); it simply shows that many young buyers are adapting by saving longer, seeking family support, or lowering expectations about the type of home they can purchase.

πŸ‘€ We’re tracking housing affordability: See how the housing market is evolving in our Watchlist, where we're constantly watching:

  • Mortgage rates

  • Home prices

  • Inventory

  • Signs affordability is improving

Instead of manually tracking each headline and how it impacts you, subscribe to News+ and automatically get updates from our team when new data arises.

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/ Technology

Managers are more skeptical of you than your AI β€œcoworker”

Designed by NextGen News

A new study highlighted by MIT Technology Review found that managers spent significantly less time reviewing work completed by AI than work produced by human employees.

Attention to detail

In the study, researchers presented 1,261 managers with error-filled memos. Different groups were told the documents had been produced either by AI tools, AI "employees," or human employees.

The results were rather interesting. While managers seemed to trust AI more than their human counterparts, they also took less accountability for its actions when wrong:

  • Managers caught 18% fewer mistakes when they were told it was the work of an AI employee.

  • They were also 44% more likely to send questionable AI-generated work to a supervisor rather than fix it themselves.

It comes amid record adoption: AI agents are increasingly being integrated into the workforce of major companies like Microsoft, Salesforce, and Google. Data collected by multinational professional services company PwC showed that up to 78% of global organizations utilize AI in their day-to-day operations and 97% of executives deployed AI agents within the past year.

Where does that lead us? Although AI agents are becoming more capable, many employers are still trying to see where they add the most value. Experts suggest that human judgement will still be needed and that companies will see the best results by treating AI as a productivity tool that assists employees instead of replacing them.

🌎 Why does this matter? As AI becomes more common in the workplace, employees will increasingly be expected to review AI-generated work rather than produce everything from scratch, meaning those who can vet AI work most effectively will likely be considered more valuable.

/ Business

Nvidia has lost over $1 trillion in two months

Designed by NextGen News

America’s AI darling Nvidia has lost roughly $1 trillion in market value in less than two months, sending its valuation to its lowest level since before the AI boom began.

Going backwards

Nvidia was one of the biggest winners of the AI frenzy, with its stock climbing more than 1,100% between late 2022 and the end of last year. But despite continued blockbuster earnings and strong demand, its stock has recently struggled to keep up the momentum:

  • After reaching a record high in May, Nvidia shares have fallen about 16% and have yet to recover.

  • From the start of the year, the stock is up just 5.6%.

That meager gain trails both the S&P 500 (which is up 9.6%) and the Nasdaq-100 (which has climbed 16%), both of which it used to easily outperform.

So, why is Nvidia having trouble?

There isn’t necessarily a problem with the company itself, except for the fact that it’s going against stellar competition.

Many investors are simply broadening their bets and moving money into other chipmakers or companies that supply the memory and storage needed to power the AI industry:

  • Investors are pouring money into Nvidia rivals like AMD and SambaNova.

  • Memory chipmaker Micron's stock has soared 229% this year after nearly tripling in 2025.

  • The Philadelphia Semiconductor Index is up 74% this year.

Don’t get it twisted… Nvidia is still the top dog. Despite ever-growing competition from across the globe, the tech giant still has an overwhelming advantage in AI hardware. Last year, Nvidia had a monopoly on the server GPU market last year, controlling about 97% of the market share, according to Bloomberg Intelligence.

🌎 How does this affect you? As competition expands in the AI hardware space, consumers could eventually benefit from lower prices or better value for AI-powered computers and graphics cards, which currently sit at record highs.

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/ Fast Facts

Catch up on this week’s weird news

Giphy

> Scientists believe our β€œHobbit-like” human ancestors survived alongside Komodo dragons by scavenging leftovers, rather than hunting. See the skeleton of the three-foot ancient humans here.

> Scientists say Earth may not be swallowed by the Sun after all, as new research suggests our planet could drift into a safer orbit when the Sun becomes a red giant in about 5 billion years.

> AI-generated "actress" Tilly Norwood is set to star in her first feature film, created by a team of traditional movie professionals and AI specialists.

> According to the first study to measure infant brain activity and body movement at the same time, babies begin recognizing music as early as 3 months old and typically start moving to it by their first birthday.

> Research suggests fathers who raise daughters may be more empathetic leaders, as parenting girls can make them more attuned to fairness, inclusion, and emotional communication.

> Stone tools and seashell ornaments discovered in a cave in Turkey suggest Neanderthals and modern humans may have shared cultural practices as far back as 59,000 years ago.

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