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Datavault AI Provides Q1 2026 Business Update Highlighting Tokenization Adoption and Infrastructure Progress
More than $800 million in tokenization contracts signed; generating nearly $100 million in fees expected to be recognized in 2026 First Quarter…...
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
BrightSpring Health Services (BTSG) Is Up 10.3% After Raising 2026 Revenue Guidance And Q1 Beat – Has The Bull Case Changed?
In early May 2026, BrightSpring Health Services reported first-quarter results showing revenue of US$3.61 billion and net income of US$148.77 million, and also raised its full-year 2026 earnings guidance to expected revenues of US$14.73 billion to US$15.23 billion. The combination of outperformance in specialty pharmacy and infusion services, efficiency gains from automation, and successful home health integrations is reshaping how investors view BrightSpring’s earnings power and growth...
What's next for Oakland County residents and businesses after water main break
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Samsung’s RAM Shortage Struggles Claims Another Victim As Exynos 2700 To Witness One Trade-Off, Despite Being The Most Advanced 2nm SoC
Samsung is expected to use its most advanced 2nm process for the Exynos 2700, but that won’t keep the latter safe from cost cutting
Bruised and Banged Up: Briere Reveals Flyers Postseason Injuries
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UK health secretary resigns, creating a potential power struggle with PM Keir Starmer
Health Secretary Wes Streeting became the first senior minister to quit Starmer ’s Cabinet on Thursday in what is expected to be a precursor to challenging his leadership.
Seaport Entertainment Group and the Team Behind Public Records Announce Partnership to Open New Project in New York City’s Seaport Neighborhood
NEW YORK, May 14, 2026--Seaport Entertainment Group (NYSE: SEG) today announced a partnership with Public Service, the organization behind Public Records, to develop a new project in the Seaport in Lower Manhattan. The restaurant concept, which will involve the revitalization of a historic building, is expected to open in 2027. This addition brings an exciting new dimension to one of the most iconic waterfront neighborhoods in New York City.
European markets to open higher as politics dominates the news agenda
European stocks are expected to open higher Thursday as investors keep an eye on developments in the U.K. and U.S. President Donald Trump's trip to China.
YAS ISLAND TO BE HOME OF SPHERE ABU DHABI, A NEW GLOBAL ICON FOR IMMERSIVE ENTERTAINMENT
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Expert tempers Cardinals fans expectations surrounding Jeremiyah Love in 2026
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Local health officials prepare for influx of World Cup fans
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Museum of Science Fulldome Show Remixed: The Unexpected Side of Science Wins Best Science Film at 2026 Dome Fest West
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Albany mayor offers specifics on city budget shortfalls
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Trump’s China policy is nearly the exact opposite of what everyone expected
As Trump heads to China, attention and resources are being shifted from Asia to yet another war in the Middle East.
Report: George Pickens not present for Cowboys' voluntary offseason work
Cowboys wide receiver George Pickens signed his franchise tag on April 29, and executive vice president Stephen Jones said soon after the team expected Pickens to show up for voluntary work.
Spencer Pratt's 'Pratt Factor' upends California politics
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David Venturella to serve as acting ICE director
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Scientists discover a mysterious silicone pollutant that may be everywhere
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U to build out Utah Health AI Vault (UHAIV) with state support
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Trump Administration Expected to Tap Longtime ICE Official to Lead Agency
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WWDC 2026 Preview: Apple Readies Siri Overhaul, AI Updates, and More
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PayPal to give up $30M after DOJ accusations of bias in favor of minority-owned businesses
PayPal is expected to launch a new initiative waiving processing fees on $1 billion’s worth of transactions at the value of $30 million after signing a Tuesday settlement with the Justice Dep…
Could the Nets pursue Lakers' Austin Reaves this NBA offseason?
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The unexpected road to a master’s in computer science
At the University of Tennessee at Chattanooga, students from nursing, psychology, linguistics and other fields are changing careers, expanding their skills and moving into tech through the master’s program in computer science. Students pursuing an M.S. in Computer Science come from a range of academic and professional backgrounds, each with different experiences, goals and interdisciplinary strengths.
Bayer Profit Tops Estimates on Strong Crop Science Performance
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New tectonic plate boundary could be forming in Zambia, scientists say
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Vance coming to Maine Thursday
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2026 World Cups Odds: Total Goals Scored Expected to Skyrocket
More games will equal more goals. See the odds for how many balls will find the back of the net in 2026.
Medicare’s miss on Alzheimer’s drug spending
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Who’s Traveling to China With Trump in the U.S. Business Delegation?
More than a dozen top U.S. business leaders will travel to China for President Trump’s visit this week with Chinese President Xi Jinping, representing various American industries from finance to manufacturing. Elon Musk, the CEO of both Tesla and SpaceX, is expected to join the delegation, a White
Makai Lemon's Eagles rookie minicamp performance earns emphatic praise
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Elon Musk Set to Join U.S. Business Delegation for Trump's China Visit
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The latest on FMOL Health’s $30M renovation of its Ollie Steele nursing facility
A $30 million renovation of Ollie Steele Burden Manor on Essen Lane is expected to be completed in late spring 2027, bringing upgrades aimed at modernizing the facility and enhancing spaces for bo… Already an INSIDER? Sign in. Already an INSIDER? Sign in
UNC Health plans Wilmington hospital
UNC Health plans to create a community hospital on a 62-acre proposed site in New Hanover County, pending regulatory approvals, according to an announcement Monday morning. “Planned for the southeast corner of South 17th Street and Shipyard Boulevard, the site was selected for its accessibility and its geographic infill capacity in serving a rapidly growing region,” according to the release. “This project marks a significant step forward in UNC Health’s commitment to improving access to primary care and specialty care closer to home.” Officials said the proposed hospital would offer a range of specialties, including emergency care, cardiology, oncology, OBGYN and more. While the not-for-profit, state-owned health system’s officials are planning the hospital, the proposal still requires state approval through North Carolina’s certificate of need (CON) process before it can become a reality. UNC Health is targeting an opening date of 2030, the release stated, and “will continue to engage openly with local community leaders and residents and share updates as plans evolve and progress is made towards achieving CON approval.” The state’s CON law requires healthcare providers to obtain a CON from the N.C. Department of Health and Human Services before developing or offering what the department’s website dubs “a new institutional health service.” The term encompasses a wide range of facilities, including hospitals. The news of UNC Health’s Wilmington plans follows the recent addition of Ernie Bovio to UNC Health. Bovio, who had served as president of the Novant Health Coastal Region since 2024, became regional president of UNC Health’s Southeast Coastal Region in April. “This is an important first step in our commitment to ensuring that families in Wilmington and the surrounding areas have access to the high-quality, compassionate care they deserve – right here at home,” Bovio stated in the release. “As I’ve listened to my own neighbors and community members across the region, I’ve heard a clear message: Wilmington is ready for more choice in healthcare – and UNC Health is ready to deliver it.” According to the release, Wilmington Health – one of the largest independent, physician-owned practices in Southeastern North Carolina – also supports the project, and its providers are expected to participate on the medical staff of the new facility. “Wilmington Health has served this community for more than 50 years, and we know firsthand that our patients are interested in choice,” stated Jeff James, CEO of Wilmington Health, in the release. “We strongly support UNC Health’s plan to bring a new community hospital to our region – closing critical gaps in specialty care and ensuring families across our region have options to access the services they need, right here at home.”
Big Stuff: Samsung One UI 8.5 Updates Arriving in US
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When does Trump go to China? Details on Xi Jinping meeting
Trump and Chinese President Xi Jinping are expected to meet this week in Beijing. Here's what to know.
Bruin Capital Buys Stake in Sports Promoter Matchroom
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UK PM Starmer battles for political survival in pivotal speech as gilt yields rise
Starmer is expected to say that key issues of growth, defense, the U.K.'s relationship with Europe and energy must be urgently addressed.
Madison Keys makes unexpected decision after premature Italian Open loss
American tennis star Madison Keys lost her Round of 32 match at the Italian Open on Sunday. She fell in three sets to lucky loser Nikola Bartunkova, 3-6, 6-1, 4-6. Barunkova is another in the long line of high quality…
Bryce Harper Makes Worrying Admission on Health Issues After Unexpectedly Exiting Mid-Game
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Hinge Health Q1 Earnings Call Highlights
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Guardians Drop Game 2 to the Twins 2-1
That was a really tough loss for the Guardians. They had so many opportunities to win that game and they just could not do it. I look back at the bottom of the 10th, Chase DeLauter had a lineout with an expected batting average of .520. Then Daniel Schneeman lined out with an expected batting […]
Water outages possible after main line ruptures in Auburn Hills
A major water main broke in Auburn Hills early Sunday and water pressure is expected to decline, possibly resulting in outages.
Thousands drop Medi-Cal in Ventura County. Here's what it means
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This Week in SC politics: Congressional map redraw could create unexpected do-over for candidates
What started as a debate over mid-decade congressional redistricting is now producing an unexpected political twist
The unexpected region fuelling UK's American football rise
The NFL UK manager says he is keeping an eye out for talent in Bristol and its surrounding areas.
Real Madrid make contact with agent of Manchester City defender
Real Madrid are in the market for a new central defender, with that being one of their priorities for the summer transfer window. The expected departure of David Alaba, coupled with the possible one o...
All passengers on hantavirus-hit ship considered high-risk contacts, EU health agency says
All passengers on the cruise ship hit by a deadly hantavirus outbreak are considered high-risk contacts as a precautionary measure, Europe's public health agency said ahead of the ship's expected anchoring on Sunday off the Spanish island of Tenerife.
“Cannot be explained” – New ultra stainless steel stuns researchers
A team at the University of Hong Kong has developed a new “super steel” that can survive the harsh conditions needed to make green hydrogen from seawater. The material uses an unexpected double-protection mechanism that resists corrosion far better than conventional stainless steel. Even more impressive, it could replace costly titanium parts used in today’s hydrogen systems.
Antarctica is melting from below and scientists say it’s worse than expected
Scientists have uncovered a hidden Antarctic threat that could accelerate global sea level rise far faster than expected. Deep beneath floating ice shelves, long channels carved into the ice appear to trap warmer ocean water, dramatically speeding up melting from below. Even regions of East Antarctica once considered relatively stable may be far more vulnerable than scientists realized. Researchers warn that current climate models may be missing this dangerous process entirely, meaning future sea level rise could be underestimated.
Arthur Fils explains abrupt Italian Open retirement
With the exception of ATP World No. 1 Jannik Sinner‘s win, it was a wild day of unexpected happenings at the 2026 Italian Open, and part of the unpredictability centered around Arthur Fils. Fils played just 22 minutes, losing four…
Could Dominic Lovett Become the Lions’ Next Surprise Weapon?
The Detroit Lions already boast one of the NFL’s most explosive offenses, but every great unit eventually needs an unexpected contributor to emerge. Heading into 2026, Dominic Lovett may be quietly positioning himself to become Detroit’s next surprise weapon out of the slot.
5-star Georgia football commit flips to Miami
Five-star cornerback recruit Donte Wright has been expected to decommit from Georgia football for a while
Business Lookahead: Trump on Tour
STORY: From Trump's trip to China, to a slew of new U.S. data releases, these are the stories to watch in business and finance in the coming week. :: Trump goes to Beijing U.S. President Donald Trump visits Beijing on Thursday and Friday.It will be his first visit to China in eight years.He'll try to lock in the trade truce agreed to in October in South Korea, and avoid a rerun of the tit-for-tat tariff battle that he set off a year ago.Fresh trade data should offer a reality check on whether a protectionist White House has managed to dent Americans' appetite for Chinese-made goods.:: Saudi Aramco posts resultsThe world's biggest exporter of crude oil, Saudi Aramco, reports first-quarter results on Sunday.The numbers are expected to show the pain from the more than two-month-old Iran war.This comes as efforts to end the conflict appeared to stall after the U.S. and Iran traded fire in recent days, with some of the biggest flare-ups in fighting in and around the Strait of Hormuz since a ceasefire began a month ago.:: U.S. economic dataA bunch of new data should give a clearer view of inflation in the U.S.Tuesday's April consumer price index is expected to rise 0.6% according to a Reuters poll.Prices at the pump are likely to loom large in the numbers.Producer price data for April on Wednesday is another inflation checkpoint after the Fed’s last meeting exposed a more hawkish tilt among some policymakers who are increasingly uneasy about price pressures.And retail sales figures on Thursday should show whether higher gas prices and other costs are starting to bite into household spending.
Ice age humans in China crafted surprisingly advanced stone tools 146,000 years ago
Scientists in China discovered that ancient humans were making surprisingly advanced stone tools during a harsh ice age 146,000 years ago. The tools, created by Homo juluensis, show careful planning and complex thinking rather than simple stone-chipping. Researchers dated the site using tiny calcite crystals inside animal bones, revealing the tools are much older than expected. The discovery challenges the idea that human creativity only thrives in easy, prosperous times.
Central Ohio businesses prepare for Mother’s Day rush as spending expected to hit record high
MICC highlights renewed small business innovation authority
JOINT BASE SAN ANTONIO-FORT SAM HOUSTON, Texas — The reauthorization of two federal small business innovation programs is expected to strengthen how the...
“Windows 11 Still Relies on Code From the 1990s…” Microsoft Stock (NASDAQ:MSFT) Slips on Revelation of Windows 11 Code
The old saying goes, if it ain’t broke, don’t fix it. But tech giant Microsoft ($MSFT) may be taking that to an unexpected extreme as it revealed that Windows 11
Nannie Helen Burroughs Parade, business fair prompt road closures in DC
It will be another busy weekend in the nation’s capital with two big events that are expected to attract a bunch of people and close off some D.C. roads.
MICC highlights renewed small business innovation authority
The reauthorization of two federal small business innovation programs is expected to strengthen how the Mission and Installation Contracting Command delivers emerging technology, shortens procurement timelines and expands opportunities for industry partners supporting Army readiness. The Small Business Innovation and Economic Security Act of 2026, signed into law April 13, reauthorized the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs through Sept. 30, 2031. The action restored continuity to programs that experienced a lapse after the end of fiscal year 2025, placing some Phase I and Phase II efforts on hold.
Knicks' MSG Sports Misses Goal on Earnings Even With Strong Q3
The parent company of the New York Knicks and Rangers didn’t perform as analysts expected, but it can still boost its fiscal year with a deep run in the NBA playoffs.
Starz Entertainment Q1 Loss Wider Than Expected, Revenues Fall Y/Y
STRZ posts a wider-than-expected Q1 loss; revenues fall 7.2% YoY and miss estimates, while free cash flow remains positive.
VIEW April jobs report shows continued strength
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time.
New obesity discovery rewrites decades of fat science
Scientists have uncovered a surprising secret hidden inside fat cells that could reshape how we think about obesity and metabolic disease. A protein called HSL, long believed to simply release stored fat when the body needs energy, turns out to have a second job deep inside the nucleus of fat cells—helping keep those cells healthy and balanced. Even more surprising, people and mice missing this protein don’t become obese as expected; instead, they lose fat tissue in a dangerous condition called lipodystrophy.
Sony forecasts lower gaming business sales amid memory price surge
STORY: Sony forecast lower sales in its gaming business due to a memory chip price surge.The tech giant said Friday annual sales in the segment would fall 6% to $28 billion.It also blamed lower hardware sales as its PlayStation 5 ages.Although the Japanese company said it expects gaming profit to rise 30%.That's due to higher first-party software sales and no repeat of the impairment loss it recorded a year earlier.Sony has been praised by analysts in recent years for its transformation into an entertainment powerhouse.But markets have grown concerned about the impact of AI on its business, while Sony also faces a perceived lack of growth catalysts.Both factors have weighed on shares in recent months.Investors are also concerned about the impact of a memory-chip price surge.As well as disruption to supply chains from the Iran war on margins at electronics manufacturers.The firm said it sold 1.5 million PS5 consoles in the fourth quarter, which was a 46% drop on the same period a year earlier.Looking ahead, the PS5 is expected to receive a major boost from the launch of the delayed "Grand Theft Auto VI."The game is due to release in November.Sony said in February it had secured the minimum quantity of memory needed to manage the year-end shopping season. Sony also said it sees higher profits at its pictures and chips units but a lower profit at its music business.The group reported operating profit for the year ended March rose 13.4% to $9.2 billion - below analyst forecasts. Meanwhile, rival Nintendo said it expects to sell 16.5 million units of its Switch 2 console in the financial year ending March 2027.It also projects profit to rise 2.7% to $2.36 billion.But, like with Sony, investors are concerned about the possible impact of a memory price surge on margins.
PS5 sales expected to decline due to generative AI memory drought and rising prices
Sony has released its financial results for the past fiscal year. Inside, it predicts a decrease in PS5 hardware sales in the next 12 months.
MARY BRUNKOW
A chance discovery made around 80 years ago paved the way for Mary Brunkow’s painstaking work, which contributed to redefining how the immune system functions. From investigating an obscure gene dismissed as ‘junk’ by other scientists, to choosing to opt out of academia and conduct her research at a biotech startup, Brunkow has embraced the unexpected throughout her career.
'I am shorting the business model... I am shorting the CEO': Two top analysts just slapped Palantir with a 'sell' rating
Michael Burry's brutal short on Palantir just got an unexpected co-signer in Jefferies’ senior software analyst Brett Thill.
US job growth likely slowed in April as boost from temporary factors fades
U.S. job growth likely slowed in April as the boost from warmer weather and return of striking health workers faded, but that would not signal a material change in labor market conditions, with the unemployment rate expected to have held steady at 4.3%.
Elections 2026 live: counting under way after votes in England, Scotland and Wales
The first results in England are expected between midnight and 2am BST; Scottish and Welsh parliament results are due from midday
IN8bio Reports First Quarter 2026 Financial Results and Recent Business Highlights
Advancing next-generation γδ T cell engager platform with initial animal data expected in 2026Reported glioblastoma (GBM) data showing ~97% improvement in progression-free survival vs. standard-of-care; updated median overall survival (mOS) data to be presented at ASCO 2026Hosting R&D Day on May 21, 2026 in New York City NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IN8bio, Inc. (Nasdaq: INAB), a clinical-stage biopharmaceutical company developing innovative gamma-delta (γδ) T cell therapies and γδ
Xenon Reports Q1 2026 Financial Results and Provides Business Update
Reported positive topline data from Phase 3 X-TOLE2 study of azetukalner in FOS in March and anticipate NDA submission in Q3 2026Five additional Phase 3 studies of azetukalner continue to enroll in epilepsy and depression indications with Phase 3 X-NOVA2 MDD topline data expected in H1 2027 Phase 1 studies of novel NaV1.7 (XEN1701) and KV7 (XEN1120) candidates expected to complete H2 2026 to support Phase 2 proof-of-concept studies in pain Cash, cash equivalents and marketable securities of $1.3
Aaron Rodgers reportedly expected to visit with Steelers and will likely play for team in 2026
Ohio AG Yost's surprise resignation plans follows dashed governor bid
Ohio Attorney General Dave Yost is expected to resign from his job as the state's top cop, a surprising shake-up in state politics.
Savannah Guthrie returns to 'Today' after unexpected mid-show exit
Savannah Guthrie returned to 'Today' Thursday following an unexpected mid-show exit in the middle of Wednesday's broadcast.
Big banks are expected to impress with year-end bonuses this year
Investment and commercial bankers are projected to see a 10% bump in bonuses compared to last year, compensation consultant Johnson Associates says.
Opinion - Bill Bishop: ‘Grievance politics’ thrives on chaos and confusion. That’s our system now
Columnist Chris Clayton noticed something odd in the Trump Administration’s budget for the Department of Agriculture. Since the USDA is the federal government’s primary contact with rural America, Clayton expected to see the word “rural” in the document. And it was there – 12 times in 92 pages. But there were other words that seemed...
OnePlus 16 leak reveals 200MP zoom camera, new chipset and large battery
A new leak has revealed key details about the OnePlus 16 well ahead of its launch. The Snapdragon 8 Elite Gen 6 Pro flagship is expected to feature a 200MP zoom camera, a large battery, and a BOE display.
Scientists accidentally discover DNA that breaks the rules of life
A routine experiment with a new single-cell DNA sequencing method turned into a surprising scientific twist when researchers stumbled upon a bizarre genetic code in a microscopic pond organism. Instead of following the near-universal “rules” of life, this newly identified protist rewrites how genes signal their end. This unexpected discovery challenges long-held assumptions about how genetic translation works and hints that nature may be far more flexible—and mysterious—than scientists realized.
Pensacola Palafox Street revamp nears completion date; businesses anticipate reopening
PENSACOLA, Fla. -- It’s officially been four months since the start of construction on palafox street in downtown pensacola.The expected completion date is just
Dinosaurs May Actually Have Emerged Up To 250 Million Years Ago – 10 Million Years Earlier Than The Oldest Dinosaur Fossils
With so many of them having been ambush predators, perhaps we should have expected they could hide themselves from us like this.
Purdy brings heart to mental health nursing education
As CAL's Mental Health Nurse Educator, Registered Nurse Monique Purdy works behind the scenes to help nurses stay prepared for the unexpected.
Accel Entertainment (NYSE:ACEL) Exceeds Q1 CY2026 Expectations
Slot machine and terminal operator Accel Entertainment (NYSE:ACEL) announced better-than-expected revenue in Q1 CY2026, with sales up 8.5% year on year to $3...
CMC Sports Bowl coming along
Construction of Claremont McKenna College’s Roberts Campus Sports Bowl, the large athletics complex taking shape on the former quarry site east of Claremont Boulevard, is continuing. Phase One of the project, expected to open in the fall, encompasses 35 acres along the southern portion of the 74-acre site. Courier photo/Peter Weinberger
College football's 26 most important transfers for 2026: QBs, pass rushers lead the way
These transfers are expected to pay immediate dividends at their new programs
Apple Says iOS 26.5 Adds Three New Features to Your iPhone
iOS 26.5 includes three new features for iPhones, according to Apple's release notes for the update, which is expected to be released next week. As discovered during beta testing, iOS 26.5 enables end-to-end encryption for RCS messaging between iOS and Android devices. Apple says this security upgrade is limited to supported carriers around the world and will continue to roll out.
Skills gained from navigating the unknown
In moments of panic, Emma Davidson learned that asking for help isn’t a weakness but a key to success. Davidson, a senior in agronomy and seed science, exemplified resilience and courage when unexpectedly stepping into a leadership role at the Iowa State University Seed Science Center. Her critical action of noticing her supervisor’s absence led to a lifesaving wellness check at his home.
‘Starmer’s referendum’: How local elections could expose a fractured UK
Thursday’s polls could deliver a sharp setback for Labour, with Reform UK and the Greens expected to gain, analysts say.
PayPal Earnings, Revenue Beat Under New CEO. Company Aims To Cut $1.5 Billion In Costs.
PayPal stock rose amid better-than-expected Q1 earnings and a $1.5 billion cost reduction program.
Sony expected to pay US customers $7.8m in PlayStation Store settlement
Lawsuit claims selling digital titles through game-specific vouchers on the PS store is "designed to monopolise the PS digital game market"
Live Results: Ohio state primaries
Ohio is expected to play a high-profile role in the midterm elections.
UPMC to acquire Ohio-based health system after 'definitive agreement' reached
On Monday, UPMC announced it has reached a "definitive agreement” and is expected to assume ownership of Trinity Health System, a four-hospital network in Ohio.
Forza Horizon 6 Will Target 4K 30 FPS on Xbox Series X—60 FPS Calls for Upscaling
With the official launch of Forza Horizon 6 around the corner, Microsoft and Playground Games have just divulged a little more information about the upcoming driving sim, specifically its world, car line-up, and official console performance modes and expected frame rates. Firstly, and perhaps most i...
Ilitch Sports And Entertainment Hosting Announcement At Little Caesars Wednesday For Anticipated PWHL Detroit Announcement
The PWHL is expected to announce expansion to Detroit alongside Ilitch Sports and Entertainment Wednesday at Little Caesars Arena.
Indianapolis to host national NRA conventions in 2029, 2031
Each of the events is expected to draw more than 70,000 visitors and generate $26.4 million for the city's economy.
iPhone 18 Pro: Six new features are coming later this year
Here are six new features rumored for the iPhone 18 Pro and Pro Max, which are expected to launch this fall.