Verizon Outage Hits U.S., Tesla Shifts FSD to Subscription, Banks in Focus.

Verizon reports a widespread wireless and data outage across the US, while major banks including JPMorgan Chase, Bank of America, and Citigroup face scrutiny over credit card rates. China's 2025 trade surplus surged to $1.2 trillion, offsetting weaker US shipments. Tech and bank stocks were dragged lower, with Wells Fargo missing profit estimates and Tesla moving Full Self-Driving to a subscription-only model.