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Trump Administration Weighs $1.7 Billion Fund for Allies Investigated Under Biden
Critics denounced the highly unusual plan, which has yet to be finalized or approved, as a vast political slush fund financed by taxpayers.
The Steyer campaign pays influencers. Their posts don't always make that clear
Tom Steyer's campaign appears to have relied on paid influencers more than any candidate for governor, according to the most recent campaign finance filings.
The 13 highest-paying jobs in the US
New data showed which US jobs pay well on average. Many healthcare jobs, such as those of various surgeons, are high-paying.
Should Your Subscription Business Use Auto-Renew?
Subscription businesses obsess over pricing and churn, but the most consequential strategic choice may be far simpler: whether subscriptions auto-renew or auto-cancel. Drawing on a 1.4 million–person field experiment with a major European newspaper, the authors show that while auto-renewal boosts short-term retention, it suppresses trial sign-ups so sharply that auto-cancel ultimately produces more paying subscribers and higher-quality customers over time. The right approach depends on two factors—whether customers are naturally loyal or variety-seeking, and whether a company is an incumbent defending share or a challenger trying to acquire it—making renewal defaults a competitive strategy decision, not merely an operational setting.
Esse Health Agrees to Pay 2.53M to Settle Data Breach Lawsuit
American Multispecialty Group, doing business as Esse Health, a Missouri-based independent physician group serving the greater St. Louis area, experienced Esse Health has agreed to pay $2,525,000 to settle class action litigation stemming from an April 2025 data breach that affected more than 521,000 individuals.
Yes, Florida is the only state in the nation removing children from low-cost health insurance
Florida is the only state in the nation removing children from its low-cost health insurance program, KidCare, because of missed payments. It removed about 43,000 children from December 2024 to November 2025.
VIDEO: Bill in the works to lower cost of youth sports
Many families are paying about $5,000 per child to get them involved in competitive sports outside of school, according to Sen. Chris Murphy.
Lexington news startup debates its unique business model
While the “Local News Hub” program has helped the Observer pay for its own local reporting at a time when news outlets are in search of new revenue streams, some of its leaders are questioning whether it should continue.
Senator proposes bill to lower youth sports costs
Many families are paying about $5,000 per child to get them involved in competitive sports outside of school, according to Sen. Chris Murphy.
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
Downtown Wyandotte construction squeezes local businesses, but city leaders say payoff is coming
Downtown Wyandotte businesses are struggling with construction disruptions, but a $12M city investment promises long-term gains.
Big Bets Report: Wolves Win Would Equal Huge Payday For Nick Wright
Patrick Everson reports on the latest big bets, including a still-alive futures wager from FS1's Nick Wright.
'I was worried about other people who needed their paychecks' | Business owners get more information on Weaver Fertilizer plant fire settlement
Gavin Newsom proposes a California digital software tax
California Gov. Gavin Newsom said it's unfair how some people avoid paying the state sales tax when buying software.
PayPal reaches $30 million DOJ settlement over 2020 program for Black-owned businesses
The agreement comes just one month after IBM agreed to pay $17 million in damages to the DOJ over its DEI programming.
Senate passes John Kennedy resolution to halt senators’ pay during government shutdowns
The resolution follows several lengthy shutdown that left federal workers without pay for weeks.
Senators vote to block their pay during future government shutdowns
The Senate on Thursday moved to bar senators from being paid during government shutdowns.
Senators vote to withhold their own pay during future government shutdowns
The bipartisan support for the measure comes at a time when federal closures have become longer and more frequent, frustrating lawmakers who say there should be punishment when Congress fails at its most basic legislative duty.
Senators agree to go without pay during shutdowns after historic closures left workers unpaid
Senators unanimously voted to withhold their own pay during future government shutdowns after federal workers went unpaid in two historic closures.
Run a small business? Pay your bills, not scammers
If you run a small business, you know how important it is to pay your bills. Scammers know this too and send fake invoices to businesses for products or services they never ordered in the hopes they’ll pay up.
Shirley Jones Named Entertainment Commissioning Head At ‘SNL UK’s Sky In Restructure; Barbara Lee To Exit
Comcast’s UK-owned pay-TV giant Sky is reshuffling its unscripted pack. Shirley Jones has been promoted to the newly created role of Head of Entertainment Commissioning at the SNL UK network, with Bar...
Labor accused of ‘robbing Peter to pay Paul’ for axing $760m research program to fund other science measures
Researchers say budget decision to cut commercialisation program to fund the CSIRO and other science initiatives undermines the government’s own priorities
Meta Challenges New Mexico's $3.7 Billion Plan for Teen Mental Health in Social Media Trial
By Diana Novak Jones May 13 (Reuters) - A lawyer for Meta Platforms on Wednesday argued that New Mexico's $3.7 billion proposal to address teen mental health harms goes too far, saying it would force the company to pay for mental health care for all of the state's teenagers and not just those it ...
1 in 3 Minnesota childcare providers can’t pay themselves, survey finds
A new survey from First Children’s Finance and the Federal Reserve Bank of Minneapolis shows that 2024 improvements in enrollment and business sustainability in the Minnesota childcare business sector have stopped or regressed.
Anthropic’s latest Claude release turns your Mac into a small business powerhouse
If you run a small business from your Mac, you’ll want to pay attention to Anthropic’s latest Claude release. Claude...
Anthropic launches Claude for Small Business with QuickBooks, PayPal
The AI company says small businesses account for 44% of U.S. GDP but have lagged behind larger enterprises in AI adoption
Amazon Debuts Small Business-Focused Credit Card
Amazon Business has launched a credit card in tandem with Mastercard and U.S. Bank. The Prime Business Card and Amazon Business Card, announced Wednesday
Senate takes major first step to prevent future shutdowns with painful accountability play
Senate advances Kennedy's resolution to withhold lawmaker pay during shutdowns, adding consequences as government closures become more frequent.
Anthropic's Newest Claude Feature Is Here to Help Small Business Owners With Their Pain Points
Claude for Small Business will assist with payroll, the books, and more. An Anthropic exec explains precisely how.
Are attention spans really shrinking? What the science says
Digital distractions can undermine our focus, but research suggests that our inherent capacity to pay attention hasn’t diminished
Health Hearing: Examining the Medicare Physician Fee Schedule, MACRA, and Opportunities for Payment Reforms
The Committee on Energy and Commerce is the oldest standing legislative committee in the U.S. House of Representatives and is vested with the broadest jurisdiction of any congressional authorizing committee.
Jim Cramer on Affirm: “This Is Now a Very Profitable Business”
Affirm Holdings, Inc. (NASDAQ:AFRM) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Cramer noted a “great opportunity” in the stock, as he said: Alright, what do we make of these numbers from Affirm Holdings, the king of buy now, pay […]
Baystate Health launches new billing system for flexible payments
Baystate Health has upgraded its billing system to provide patients with a simpler, clearer, and more convenient payment experience.
‘Tabasco hot’: Prices for businesses spike, adding to growing inflations concerns
The producer price index, which tracks the prices businesses pay, can be an early reading of what may trickle down to consumers.
‘Brady Bunch’ Star Eve Plumb Reveals Shocking Residual Pay
The actress who played Jan Brady got real about what the cast earns today.
Assassin's Creed Black Flag Resynced Has a Real-Life $500,000 Treasure Hunt You Can Pay $41 to Try and Solve
Ubisoft has announced a real-life Assassin's Creed Black Flag Resynced treasure hunt with a $500,000 prize, which will be buried somewhere in the Caribbean.
Assassin's Creed Black Flag Resynced Has a Real-Life $500,000 Treasure Hunt You Can Pay $41 to Try and Solve
Somewhere, deep in the Caribbean...
Jack Ma-Backed Ant’s Profit Fell 79% on AI, Health Care Costs
Ant Group Co.’s quarterly profit continued to decline after the company increased investment in artificial intelligence technology for its health care, large language model and payment services.
Maine's mental health system is failing families and taxpayers
May is Mental Health Awareness Month. But for Maine families living alongside severe mental illness, awareness is not enough. We need action, accountability, and reform. I am a nurse and a professor. More importantly, I am a mother. Our adult son lives with schizoaffective disorder, causing paranoia, hallucinations, delusions, and profound instability. Compounding his illness […]
Schumer backs GOP's plan to bring the pain during future shutdowns: 'I'm going to vote for it'
Chuck Schumer says he will vote for a Republican-backed Senate resolution to withhold senators' paychecks during any future government shutdown.
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…
DOJ reaches $30 million deal with PayPal over minority-owned business program
PayPal agreed to waive processing fees in order to resolve the investigation.
Chicago firm pays $91M for Kane County apartments in latest high-dollar deal
The deal is one of the largest in the suburbs so far this year following a $102 million sale in Orland Ridge and a $110 million deal in Crest Hill.
PayPal Agrees to Settle US Probe of DEI Business Initiative
PayPal Holdings Inc. has agreed to resolve a US Justice Department probe into allegations the company had violated federal civil rights laws when it started an initiative to support minority-owned businesses.
Nvidia Is Spending Big On its Supply Chain | AI & Business for May 12
Plus, OpenAI’s employee payouts and tech’s growing unemployment
PayPal pays $30 million to settle DOJ probe over 'DEI' investment program
PayPal agreed to pay $30 million to settle a U.S. probe over an investment program created for black and minority-owned businesses that was "unlawful" and "discriminatory," the U.S. Department of Justice said in a statement on Tuesday.
MCG student leader and women’s health advocate earns Beard Award for care
The annual award is given by Billy Payne and his wife, Martha, to a graduating student in one of AU's health sciences programs who exemplifies compassion in health care.
US inflation rose to 3.8% in April, eroding Americans’ paychecks
For the first time in three years, Americans’ wages are no longer outpacing inflation.
OnPay and Betterment at Work Launch 360° 401(k) Integration for Small Businesses
ATLANTA, May 12, 2026--OnPay, a top-rated payroll and HR provider for small- and mid-sized businesses, today announced the launch of its integration with Betterment at Work, a leading provider of modern, scalable 401(k) plans. The new partnership helps employers manage payroll and retirement benefits more easily and accurately through a connected experience. Together, OnPay and Betterment at Work are expanding the options available to small businesses that want their payroll and 401(k) to work t
Laws on veterans, 9/11 families and election certification face threat in proxy voting case
Several veterans’ benefits programs, payments for 9/11 families, a ban on TikTok on government devices, and changes Congress made to how presidential elections are certified in light of the January 6 Capitol attack are all in jeopardy with a case challenging how the Democratic-led US House relied on proxy votes to pass a massive, Covid-era funding bill.
Galaxy Entertainment Group Selected Unaudited Q1 2026 Financial Data
Leading Macau’s Non-Gaming Diversification Through Mice, Entertainment and Sporting Events Q1 2026 Group Normalised EBITDA of $3.6 Billion, Up 21% Year-on-Year, Flat Quarter-on-Quarter Continued to Ramp Up Capella at Galaxy Macau Business A Final Dividend of $0.80 Per Share Payable in June 2026 HONG KONG, May 12, 2026 (GLOBE NEWSWIRE) -- Galaxy Entertainment Group (“GEG”, “Company” or the “Group”) (HKEx stock code: 27) today reported results for the three-month period ended 31 March 2026. (All a
Aspirity inks debut deal with stake for payments business
The private equity firm closed its first-time fund last year with €890m in commitments
Greens’ Zack Polanski admits failing to pay correct council tax on houseboat
Party says leader has ‘immediately taken steps’ to pay any tax owed after ‘unintentional mistake’
WEBTOON Entertainment Q1 Earnings Call Highlights
WEBTOON Entertainment (NASDAQ:WBTN) reported first-quarter 2026 revenue that declined slightly from a year earlier, while profitability improved as the digital comics and storytelling platform cited stronger gross margins, cost discipline and growth in paying users. Founder and CEO Junkoo Kim said
It’s Deja Coup All Over Again for Starmer as Political Instability Returns
British politics is back to peak pandemonium after Starmer’s underwhelming speech and so too is the potential damage to debt repayment costs
Update Hints Steam Machine Will Arrive in 512GB and 2TB Versions, Despite AI-led SSD Pricing Surge
How much would you pay?
B&H Introduces New Low Prices On 2026 MacBook Pro and MacBook Air
B&H Photo has introduced a handful of notable MacBook Pro and MacBook Air discounts this week, all of which beat the current Amazon discounts on these notebooks. B&H Photo is a trusted authorized Apple reseller that sometimes offers great deals on brand new Apple products. Note: MacRumors is an affiliate partner with B&H Photo. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.
Aetherflux Rebrands, Pivots Business—and Raises $275M
To better align with its new business, Aetherflux is rebranding to Cowboy Space Corporation.
Telemedicine has not led to increased use of medical care or higher health care costs, new UCLA-led research finds
Use of telemedicine has not significantly increased visits and medical spending across all payer types.
How Tennessee pays for Neyland Entertainment District, G10 garage
Tennessee will rake in revenue from Neyland Entertainment District while bearing no financial risk in the $280 million project, CFO David Miller says.
It’s not just drivers who hate high gas prices. So do gas station owners
The overwhelming majority of gas stations are small businesses, and the rise in the wholesale gas price they pay has cut deeply into their already thin profit margins.
Watch: 8 Health Insurance Terms You Should Know
Deductible. Copay. Out-of-pocket limit. What do these health insurance terms actually mean? We explain common phrases from insurance policies so navigating your plan is less of a headache.
Pophouse Entertainment Rewriting the Rules of Music Licensing
Pophouse Entertainment is doing something fundamentally different in music licensing, and the industry is starting to pay attention.
How Investors Are Reacting To Brookfield Business Partners (BBU) Softer Q1 2026 Earnings And Dividend Update
Brookfield Business Corporation recently reported first-quarter 2026 results, with sales of US$6,436 million and net income of US$40 million, and its Board declared a quarterly dividend of US$0.0625 per Class A share payable on June 30, 2026 to shareholders of record on May 29, 2026. The combination of softer quarterly earnings and an ongoing cash dividend highlights how the business is balancing current profitability with continued capital returns to shareholders. Next, we will examine how...
Broncos make decision on veteran tryout quarterback Nathan Peterman
"It ensures that there’s going to be a steady flow to practice," Broncos coach Sean Payton said of hosting veteran QB Nathan Peterman at rookie camp.
NBA draft lottery winners and losers: Did tanking pay off?
The 2026 NBA Draft Lottery took place Sunday, May 10 in Chicago and determined the order of picks Nos. 1 through 14. Who were the biggest winners?
Zavion Thomas Already Familiar with Bears Royalty
Rookie Zavion Thomas brings explosive versatility to Chicago, drawing inspiration from return legend Devin Hester and embracing a rumored family connection to the iconic Walter Payton.
Apple's 2026 MacBook Pro Available for Record Low Price This Weekend
Apple's new 14-inch M5 Pro MacBook Pro with 24GB RAM and 1TB SSD is still available for an all-time low price this weekend on Amazon. It's available for $1,983.94, down from $2,199.00. Note: MacRumors is an affiliate partner with Amazon. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. This beats the previous deal we tracked on this model by about $17, and as of writing it's only available in Space Black.
Trump tariff refunds are actually happening – and businesses should pay attention
Business owners may have to wade through paperwork, but the US government is now processing refunds
Chicago Teachers Union wants $8.5 million dues hike to fund politics
“Has your brand become toxic?” This was a pointed question from WGN Political Editor Tahman Bradley, posed to Chicago Teachers Union President Stacy Davis Gates in a recent interview. Her immediate response: “I don’t understand the question.” When pressed, Gates added, “The Chicago Teachers Union is not a political party, it is a labor union.” But internal union documents show CTU leadership is trying to skim $8.5 million more from teacher paychecks explicitly for politics, while trying to silence union members critical of Gates’ leadership. Under the proposed dues hike, Chicago teachers would see up to $800 more per year flow from their paychecks to union coffers. The union already takes in more than $40 million a year, mostly from dues. And it spends less than 18 cents of every dollar on teacher representation. The No. 1 reason for the proposed dues hike? Politics. “We must win a majority of the first 21 person fully elected school board in November,” reads the first point in CTU’s member FAQ document.1 This directly contradicts CTU’s promise to members about how leadership uses dues money. The official CTU handbook tells members that the union does not use dues money for politics, so if they are interested in funding political activity, they should consider voluntary donations to CTU’s political action committee. “Our dues are not used for political purposes,” according to the handbook. “So our PAC relies on extra contributions from our members to support progressive candidates and to impact elected officials at the city, county and state levels.” This kind of double-speak is one reason members are concerned about another constitutional change slipped into the dues hike vote, which will take place on May 20-21: an attempt to stop members from holding the union accountable. A proposed amendment to the union constitution tries to place limits on when members may bring a lawsuit against the union for violating members’ rights.2 This provision is clearly a response to members’ lawsuit against union leadership regarding Gates’ years-long refusal to publish audited financial statements. The judge in that case has repeatedly denied the union’s attempts to dismiss it. Teachers opposed to these changes have been circulating this flier, urging members to vote no. What will CTU members get in return for millions of dollars in additional dues? If the 2024 school board elections are any indication—not much. CTU leadership’s record on school board races may not inspire confidence among members. A Chicago Policy Center analysis of a dozen affiliated PACs found CTU spent nearly $2.9 million on school board races in 2024. Of that spending, more than $2.1 million (75%) went to losing candidates. And while CTU-backed candidates lost six of the nine competitive seats overall, they fared worse in their biggest-spending races, losing five of six contests in which the union and its affiliates put up more than $250,000 for their candidate. The Chicago school board elections take place Nov. 3.3 Is another $8.5 million enough to clean up a toxic reputation? Not likely. Update on federal tax credit scholarship: Last week, Democratic New York Gov. Kathy Hochul said she plans to opt into the federal tax credit scholarship program. If Illinois Gov. JB Pritzker follows suit, Illinois could unlock $1 billion in donor money statewide for both public- and private-school students. If Illinois does not opt in, that money will flow to other states. The Last Ward reported in February on how Illinois Democrats could unlock at least $100 million in new resources for Chicago public-school students by opting in. Update on the investigation into how Chicagoans learned about a meeting to hike their property taxes: The Last Ward reported in January on an absurd, taxpayer-funded investigation into how local media learned of a planned Chicago school board meeting to hike the district’s property tax levy. That investigation is now complete. Lawyers interviewed two dozen witnesses, and found nothing. Update on Illinois’ muni debt crisis: My colleague Joe Tabor last week published a must-read piece in Crain’s Chicago Business about how Illinois recently rejected south suburban Harvey’s request to be designated a “distressed city.” The saga shows why the state must implement a better structure to assist insolvent local governments, including allowing for the option to pursue debt relief via Chapter 9 bankruptcy. The Last Ward reported in October on how Harvey is tipping the first domino in Illinois’ municipal debt crisis. Mincing Rascals: I joined the Mincing Rascals podcast to discuss the SAFE-T Act, the millionaires tax, and more. My “green light” recommendation: Force Majeure (2014). 1 Notably, the No. 2 reason cited is “resources to fund a state-wide millionaires tax campaign in order to fully fund the state’s school funding formula.” The constitutional amendment necessary to implement a progressive income tax in Illinois recently died in the Illinois House, meaning this question would not appear on the ballot until 2028 at the earliest. 2 There is seemingly no single-subject rule for CTU constitutional amendments. So members only get one vote on the full package. One cannot vote “yes” on the dues hike and “no” on the restriction of members’ rights, for example. 3 Illinois law grants far too much power over local government to unelected officials like Gates. State lawmakers should fix that.
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