The Fed's rate outlook has rattled markets. Here's what it means for global central banks

An experienced skydiver, Jasmine Black, 48, died after her main parachute collided with another jumper's gear at Thomaston Upson County Airport in Georgia, causing her emergency chute to fail to deploy. Despite having over 160 jumps, the low altitude of the incident prevented a successful cutaway maneuver, leading to her tragic death, which is under investigation by the authorities. Need More Context? 🔎

As the NATO summit approaches, France and Germany reaffirm their commitment to countering Russian aggression, emphasizing the need for a ceasefire in Ukraine and increased military support, including enhanced defense spending. They aim to strengthen European defense capabilities, support Ukraine's sovereignty, and maintain unity among allies to address broader security challenges in a destabilized environment. Need More Context? 🔎

The wreckage of the Bayesian superyacht, which sank in a storm last summer, killing seven including owner Mike Lynch and his daughter, has been recovered in Sicily after a complex $30m operation. As investigators examine the wreck for evidence, questions remain about why the yacht capsized, with initial reports highlighting its vulnerability to high winds and ongoing inquiries into potential human error or design flaws. Need More Context? 🔎

President Donald Trump issued a stark warning to Russia against supplying nuclear warheads to Iran, threatening to deploy the "most powerful and lethal weapons ever built" if such assistance occurs. Following US airstrikes on Iranian nuclear facilities, Trump criticized Russian officials and touted the effectiveness of the US military's recent actions, while Russian Deputy Chairman Dmitry Medvedev dismissed claims of success, asserting that critical infrastructure remained largely intact. Need More Context? 🔎

Yvette Shmilovitz, a 95-year-old Holocaust survivor, was confirmed as the fourth victim of an Iranian missile strike in Petah Tikva on June 16, which also killed three others. The city mayor expressed deep condolences and support for her family, while the Holocaust Survivors’ Rights Authority honored her legacy amidst escalating tensions due to Iran's nuclear ambitions and missile attacks, which have resulted in 24 deaths and over 1,300 injuries in Israel. Need More Context? 🔎

Iran retaliated on Monday by launching at least 10 missiles at U.S. bases in Qatar and Iraq in response to U.S. strikes on its nuclear sites. The Iranian Islamic Revolutionary Guard Corps labeled the missile attack a powerful warning to the U.S., while Qatar condemned the strikes and indicated it might retaliate. Explain It To Me Like I'm 5: Iran was really mad because the U.S. hit its important places, so it shot some missiles...