

The U.S. Treasury Department reinstated sanctions on Iranian oil, ending a temporary waiver and signaling "Economic Fury" to pressure Iran, with warnings of secondary sanctions for foreign financial institutions. This action comes as 399 U.S. service members have been wounded in the ongoing conflict, though 354 have returned to duty, with delayed reporting accounting for recent increases. Concurrently, the State Department facilitated productive direct discussions between Israeli and Lebanese ambassadors. Both parties expressed a shared interest in countering Hezbollah and envisioned a future of cross-border business and tourism, despite current military actions and historical opposition to normalized ties.
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Crypto exchange Kraken has confidentially filed for a U.S. initial public offering, as confirmed by co-CEO Arjun Sethi at the Semafor World Economy conference. This development follows a reported $6 billion drop in its valuation, with Deutsche Börse Group investing $200 million for a 1.5% stake, implying a $13.3 billion valuation. The IPO plans were previously halted during a "crypto winter" that saw Bitcoin prices fall significantly. However, the flagship cryptocurrency has recently surged, climbing to $76,000, a level not seen since February, indicating a more favorable market environment for the offering.
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CNBCSeveral U.S. states have undertaken rare mid-decade redistricting efforts this year, prompted by President Trump's push to increase GOP-friendly congressional districts ahead of the 2026 midterm elections. States like Texas, California, Missouri, North Carolina, and Utah have redrawn their maps, with varying success and legal challenges. For instance, a proposed Indiana map was rejected, while a Utah judge ordered a new map to create a Democratic-leaning district. This unusual redistricting, typically done every ten years, aims to influence congressional makeup, but its outcomes remain uncertain due to political volatility and legal scrutiny.
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CBS NewsTop Russian and Chinese envoys, Sergey Lavrov and Wang Yi, met in Beijing to discuss critical global issues including the Iran war, Ukraine, and Taiwan. Both ministers criticized "unilateral hegemony" and attempts by some countries to form "small circles" to contain Russia and China, implicitly referencing the U.S. Wang Yi called for "international morality" and "world multi-polarisation," while Lavrov warned of "very, very dangerous games going on" in East Asian geopolitical hotspots. The meeting underscored a shared view of increasing international turmoil and a coordinated stance against perceived Western dominance.
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South China Morning PostSpain's left-leaning government has finalized an amnesty plan, enacted via royal decree, which could allow hundreds of thousands of undocumented migrants to apply for legal temporary residence permits. The policy applies to those who arrived before January 1st this year, provided they can prove five months' residence and no criminal record. Prime Minister Pedro Sanchez hailed the initiative as an act of normalization, justice, and necessity, aiming to integrate migrants into the taxed economy. However, the move faces criticism from the opposition Popular Party and concerns from immigration officers about the resources needed to handle the likely influx of applications.
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Deutsche WelleKelvin Level Broadhurst Jr., a 20-year-old college football player for North Carolina A&T, tragically died in a motorcycle crash in Greensboro over the weekend. Greensboro police reported that Broadhurst was riding a Ducati motorcycle on Interstate 40 when he lost control, hit a guardrail, and was ejected, being pronounced dead at the scene. His mother, Latoya Lyles, expressed profound grief, describing her son as a polite and respectful young man who left a lasting impression on everyone. The sudden loss has shifted her focus from planning his 21st birthday to his funeral.
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Fox NewsWendy Sherman, former Deputy Secretary of State and lead negotiator for the 2015 Iran nuclear deal, offered a critical perspective on President Trump's current efforts with Iran. She highlighted the significant gap between U.S. and Iranian objectives, noting Iran's experienced negotiation team contrasts with Trump's smaller, less credible U.S. team. Sherman argued that tearing up the previous deal and recent attacks have weakened the U.S. position, undermined alliances, and inadvertently strengthened Russia and China. She warned that the current hardline Iranian regime might pursue nuclear weapons as a deterrent against future attacks, impacting global stability.
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VoxFormer Congressman Eric Swalwell faces a new accusation of sexual assault from Lonna Drewes, who alleges he drugged and sexually assaulted her in a hotel room in 2018. Drewes, represented by attorney Lisa Bloom, stated she was hesitant to come forward due to Swalwell's "political power" and plans to file a police report. This allegation adds to multiple misconduct claims against Swalwell, who recently resigned from Congress and dropped out of California's gubernatorial race, denying all claims as "false." Other accusers also spoke out, feeling vindicated by his resignation.
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BBCThis article examines the potential interest earnings from investing $12,000 in a Certificate of Deposit (CD) at today's competitive rates, which can exceed 4% for some terms. While emphasizing the importance of maintaining financial flexibility and readily accessible emergency funds, the article illustrates that a $12,000 investment could yield between $115 for a 3-month CD and nearly $2,600 for a 5-year CD. Savers are advised to carefully consider early withdrawal penalties, especially for longer-term accounts, to ensure they can commit to the chosen duration and maximize their returns. (not investment advice)
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CBS NewsRapper Ye, formerly known as Kanye West, is facing a lawsuit for battery and intentional infliction of emotional distress stemming from an alleged altercation in April 2024 at Chateau Marmont. The plaintiff, identified as John Doe, claims Ye punched him in the face, knocking him unconscious, and then repeatedly punched him, causing serious physical injuries and reputational damage. The lawsuit asserts Ye acted with malice and oppression, then fled the scene and later made false accusations against the plaintiff on a "widely viewed" podcast. Doe is seeking a jury trial and unspecified damages, including loss of earnings.
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LA TimesA significant majority of Americans, particularly top earners, believe they pay too much in taxes, a sentiment that has increased since 2019, according to Pew Research Center polling. This perception persists despite recent tax cuts, including those under President Trump's 2017 act, and larger refunds in 2026. Experts attribute this widespread frustration to factors like persistent inflation, which strains household budgets, and the inherent complexity of the U.S. tax code. Many Americans lack a clear understanding of how taxes work, reinforcing the feeling that their burden is disproportionate.
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CBS NewsPresident Trump has signed the Small Business Innovation and Economic Security Act, restoring over $4 billion in federal funding for tech startups, particularly in aerospace and defense. This crucial capital, a key source for new firms in the Los Angeles region, had been held up for over six months due to a congressional impasse. The reauthorization includes provisions for prioritizing startups, establishing a Strategic Breakthrough Allocation program offering up to $30 million with matching funds, and implementing new due diligence standards. These measures aim to stimulate the economy and prevent technology from falling into the hands of adversaries.
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LA TimesNvidia stock is experiencing a robust rally, marking a 10-day winning streak and an 18% increase, driven by explosive demand for artificial intelligence chips. The company, which denied rumors of acquiring a large PC company, also announced a new family of open-source models called Ising, aimed at accelerating quantum computing adoption. With data center revenue up 75% year-over-year and over $1 trillion in GPU orders through 2027, Nvidia is a dominant force in the AI market. This article underscores the company's critical role in the ongoing AI buildout, with Meta being a major customer.
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CNBCU.S. utility companies are planning a massive $1.4 trillion investment over the next five years to upgrade the nation's ailing power grid, largely driven by the surging electricity demand from new data centers. A report by PowerLines, analyzing 51 investor-owned utilities, indicates this spending could translate into higher electricity bills for consumers, as utilities often pass costs onto households through rate hikes. State regulators are urged to conduct effective oversight to ensure the cost burden doesn't fall too heavily on customers. Data centers could also potentially help by spreading fixed costs over a larger customer base.
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CBS NewsDemocratic Representative Eric Swalwell and Republican Representative Tony Gonzales officially submitted their resignation letters to the House clerk, preempting anticipated expulsion votes over sexual misconduct allegations. Swalwell, accused of sexual assault by multiple women, expressed deep regret for "mistakes in judgment" while vowing to fight the "serious, false allegations." Gonzales admitted to an affair with a subordinate who later died by suicide. Their resignations, submitted within an hour of each other, brought an end to growing pressure from colleagues for accountability regarding their conduct, preventing further congressional distraction.
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CBS NewsOracle's stock jumped 4% and Bloom Energy soared 20% following an expanded partnership to power artificial intelligence data centers, building on Monday's broad bounce in software stocks. Oracle plans to procure up to 2.8 gigawatts of Bloom's fuel cell systems to meet the skyrocketing energy demands of its massive AI buildout. This deal, days after Oracle received a warrant to purchase $400 million of Bloom's stock, highlights the significant infrastructure investment required for AI expansion. Oracle has already raised over $100 billion in debt to support its data center scaling.
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CNBCA 16-year-old boy has been charged as an adult with first-degree murder and aggravated sexual abuse in the death of his 18-year-old stepsister, Anna Kepner, on a Carnival cruise ship. Prosecutors allege the boy sexually assaulted and intentionally killed Kepner while the ship was in international waters. Kepner's body was discovered under a bed, wrapped in a blanket and covered by life vests. The family, who were on vacation, expressed shock, stating the siblings had a happy relationship. The boy, who pleaded not guilty, is currently out of custody under strict conditions.
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BBCBrian Hooker, whose wife Lynette disappeared during a nighttime boat ride in the Bahamas, remains optimistic she is alive and committed to continuing the search, stating, "I won't be able to stop looking." Hooker, 59, was detained for questioning by Bahamian authorities but released after prosecutors recommended no charges be filed pending further investigation. He maintains that Lynette fell from their 8-foot dinghy and was swept away by strong currents after the dinghy's engine lost power. The couple, avid sailors for over 12 years, considered their 46-foot boat their "floating home."
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CBS NewsA Florida surgeon, Thomas Shaknovsky, has been indicted for second-degree manslaughter after allegedly removing a patient's liver instead of their spleen during an August 2024 procedure. The 70-year-old patient, William Bryan, died from catastrophic blood loss on the operating table. Prosecutors claim Shaknovsky insisted on proceeding with the operation even after it was obvious he had made a mistake and was unable to control an aneurysm. His medical licenses in Florida, Alabama, and New York have since been suspended, and he faces up to 15 years in prison and a $10,000 fine if convicted.
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The GuardianU.S. crude oil futures tumbled nearly 8% to $91.28 per barrel, and international benchmark Brent crude lost over 4%, as the White House signaled potential for a second round of peace talks with Iran. Vice President JD Vance stated the "ball was in the Iranian court" after initial talks in Islamabad failed. The U.S. Navy's recent blockade of Iranian ports in the Persian Gulf aims to pressure Tehran, directly endangering Iran's oil exports through the Strait of Hormuz. The International Energy Agency forecasts a significant drop in oil demand this year due to surging fuel prices.
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CNBCU.S. markets are experiencing a strong rally, with the S&P 500 extending gains and the Nasdaq 100 on a 10-session winning streak, partly fueled by hopes for further U.S.-Iran peace talks. Concurrently, oil prices have tumbled, with WTI crude falling below $92 per barrel, reaching its lowest level since the April 7 ceasefire. Despite the positive market momentum, CNBC's Investing Club advises caution, suggesting a potential short-term pullback and recommending trimming positions rather than adding new money. Lower interest rates are also cited as a significant factor supporting the current market rally. (not investment advice)
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CNBCLufthansa pilots, represented by the Vereinigung Cockpit (VC) trade union, have announced additional strikes for Thursday and Friday, following a 48-hour walkout earlier in the week. This action, coupled with a cabin crew strike on Wednesday and Thursday, ensures six consecutive days of major disruptions for the airline, coinciding with its centenary celebrations. VC stated that Lufthansa has shown no movement on demands regarding company pension plans and collective wage agreements. The ongoing labor disputes have already led to hundreds of flight cancellations at major German airports like Frankfurt and Munich.
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Deutsche WelleHouse Democrats, led by Jamie Raskin, have proposed legislation to create a commission that would work with Vice President JD Vance to assess President Trump's fitness for office under the 25th Amendment. This move follows a series of controversial statements and social media posts by Trump, including threats against Iran and likening himself to Jesus Christ, which critics argue demonstrate his increasing volatility and instability. The proposed commission would comprise retired executive branch officials, physicians, and psychiatrists. While the bill faces long odds in the Republican-controlled House, it highlights growing concerns among opponents regarding the President's capacity to lead.
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The GuardianMichael Gordon, known as Mk.gee, is being hailed as a new guitar hero for his innovative use of the vintage Roland VG-8, a digital guitar processor from 1995. His debut album, "Two Star & the Dream Police," features a unique, grungy extraterrestrial sound that has sparked a resurgence of interest in the once-obscure device. The VG-8, initially expensive and complex, allows guitars to emulate various models, amplifiers, and effects, and was notably used by Joni Mitchell to continue touring. Its "lo-fi" digital imperfections are now celebrated, driving up demand and prices for the retro gear among musicians.
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The AtlanticPalantir's UK executive vice-chair, Louis Mosley, defended the company's role in NHS contracts amidst growing calls for increased scrutiny over its use of patient data. The U.S. analytics firm, which secured a £300m contract for its Foundry "federated data platform," aims to integrate disparate NHS databases to improve efficiency for things like waiting lists and hospital supplies. However, MPs from various parties have raised "significant concerns" regarding data security, Palantir's funding links to the CIA, and its owner Peter Thiel's political donations. Mosley asserts the company has no interest in patient data and welcomes scrutiny.
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BBCA contentious debate has erupted in Lebanon over an alleged Hezbollah plot to overthrow the government, a story that gained traction after a deadly Israeli attack last week. Conservative commentators suggested the Israeli strike inadvertently thwarted the coup, but no official confirmation exists from Hezbollah or the Lebanese/Israeli governments. The rumor originated from a social media user known for inflammatory anti-Iran commentary and was amplified by regional media. Experts, however, deem a coup unlikely, citing Hezbollah's aversion to civil strife and the potential for internal military resistance from Shia soldiers.
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Deutsche WelleFinancial advisors are offering guidance to Gen Z investors navigating their first experience with significant market volatility amid the U.S. war with Iran. The S&P 500 initially shed over 7% but has since recovered, demonstrating that volatility is a normal part of long-term investing. Experts advise young investors to view downturns as opportunities to buy at a discount, expect numerous bear markets over their careers, and tailor investment strategies to their risk tolerance and time horizons for different financial goals. The best strategy is one that can be consistently maintained over time. (not investment advice)
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CNBCThe Justice Department, under the current administration, released a report accusing the Biden-era DOJ of weaponizing the FACE Act to unfairly target anti-abortion activists. The report, from the "Weaponization Working Group," alleges biased prosecutions, harsher sentences for anti-abortion defendants, and the knowing withholding of evidence. It also reveals that four federal prosecutors involved in these cases were fired, including Sanjay Patel. Critics, including former DOJ staffers, dispute the report's findings, calling it a politicized effort that cherry-picks information and minimizes serious criminal conduct against women seeking medical care.
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CBS NewsTyphoon Sinlaku, initially a super typhoon and the strongest of 2026, barreled over the northern Marianas Islands, bringing extremely powerful winds, thunderstorms, and widespread flooding. Its inner eyewall hit Tinian and Saipan with maximum sustained winds of 150 mph before weakening slightly. Saipan's mayor reported significant damage, with objects flying and structures collapsing, hindering rescue efforts. Though Guam was not directly hit, it experienced damaging winds up to 88 mph, leading to power outages and school closures. The slow-moving storm raised concerns about prolonged impact and ongoing risks to public safety.
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CBS NewsJames Heaps, a former UCLA gynecologist, pleaded guilty to sexually abusing five patients during examinations and was sentenced to 11 years in state prison. This plea follows the overturning of a previous conviction due to a procedural error regarding juror English proficiency. Heaps, once UCLA's highest-paid physician, will register as a sex offender for life. Over 500 lawsuits were filed against Heaps and UCLA, accusing the school of failing to protect patients, leading to over $700 million in settlements. Victims expressed a sense of vindication, despite the sentence falling short of their desired justice.
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LA TimesThe resignation of former Congressman Eric Swalwell amidst multiple sexual misconduct allegations signifies a shift in societal responses, where public shame is increasingly directed at powerful accused individuals rather than accusers. This opinion article argues that the "soft power" of public shame can be a force for good, enforcing norms when legal systems fall short, particularly in cases of sexual crimes. It contrasts historical patterns of discrediting victims with current trends, highlighting how the internet and persistent reporting have amplified accusers' voices, leading to consequences for bad actors.
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LA TimesThe International Monetary Fund (IMF) has warned that an escalation in the Iran war could trigger a global recession, with the UK projected to be the hardest hit among G7 nations. The IMF cut its 2026 growth forecasts, citing the war's economic damage and soaring energy costs. UK Chancellor Rachel Reeves harshly criticized President Trump, blaming him for the war's impact on families globally and his lack of a clear exit plan. The IMF's "severe scenario" predicts global growth could collapse to 2% if the conflict is prolonged, forcing central banks worldwide to raise interest rates. (not investment advice)
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The GuardianA Tel Aviv University report indicates that antisemitic violence reached a record high in Western countries in 2025, with 20 Jews murdered in four deadly attacks. The report highlights a significant rise in incidents, including physical harm and vandalism, across Australia, Canada, the UK, and Belgium, directly linked to the escalation of conflict in the Middle East. It also criticizes the "normalization of antisemitic rhetoric" in U.S. political discourse, particularly referencing President Trump's connections to "loathsome antisemites." The report recommends shutting down Israel's Ministry for Diaspora Affairs for "emptying" the term antisemitism of its meaning.
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Deutsche WelleHedge fund manager David Einhorn of Greenlight Capital is prioritizing capital protection, cautioning that investors may be underestimating potential downside risks despite a market rally fueled by geopolitical optimism. Greenlight's funds returned 6.5% in the first quarter, outperforming the S&P 500's decline, due to low exposure and strategic long positions in assets like gold. Einhorn expressed skepticism about the durability of the current recovery, suggesting a cautious approach in an environment where he sees "so little downside priced in." He stated his firm is willing to risk missing a recovery to position for potential downside scenarios. (not investment advice)
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CNBCHouse Republicans are threatening to hold ActBlue CEO Regina Wallace-Jones in contempt of Congress amidst an investigation into the Democratic fundraising firm's "unserious approach to fraud prevention." Three House committees allege ActBlue may have deliberately withheld documents to impede their probe into fraudulent and foreign political donations. ActBlue, a critical platform for grassroots Democratic contributions, denies the allegations, calling them a "desperate attempt to deflect from the Right's ongoing issues." Republicans, now controlling both Congress and the White House, are prepared to use all available mechanisms to compel document production within two weeks.
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CBS News