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Trucks with humanitarian aid for Gaza are moving into the besieged enclave through a temporary pier built by the U.S. military. It's the first supplies of aid to be sent into the enclave by sea in two months, but it's well short of what is needed to meet the staggering levels of hunger and deprivation in Gaza. The operation could scale up to 150 truckloads a day entering the Gaza Strip as Israel presses in. Even if the sea route performs as hoped, it will bring in a fraction of the aid that's needed to the embattled enclave.
Michael Cohen's testimony in Donald Trump's criminal trial kicked off with the testimony of a familiar Trumpworld figure: former Trump attorney and fixer Michael Cohen. Todd Blanche struggled to get a rise out of the notoriously testy Cohen while attacking his credibility. The defense is expected to argue next week that a selfish Cohen has consistently changed his tune and is motivated by money and revenge. On Tuesday, the start of cross-examination of Michael Cohen in Trump’s hush money trial on Tuesday, a potentially critical weakness with the defense came into view.
At least four people have died in the Houston area due to Thursday's thunderstorms. The storm system moved through swiftly, but flood watches and warnings remained Friday for Houston and areas to the east. More than 850,000 homes and businesses were without power. At least two of the deaths were caused by falling trees, and another happened when a crane blew over in strong winds. Streets were flooded and trees and power lines were down across the region. Severe Thunderstorm Warning was in place for much of the Houston Area.
Vladimir Putin says Moscow's offensive in Ukraine’s Kharkiv region aims to create a buffer zone but has no plans to capture the city. A massive Ukrainian drone attack on Crimea early Friday caused power cutoffs in Sevastopol while damaging aircraft and fuel supplies. Ukraine's army has withdrawn some of its forces from more areas around the crucial northeastern city of Kharkov. Local officials say Russian troops have taken up positions inside the key front-line town of Vovchansk. Russia launched airstrikes in Vilcha, Liptsy, Liman, Izbitskoye, Veseloye,. Petrovka, Kazachya Lopan, Sinelnikovo, Volchansk and Vilcha. The situation is “incredibly
The House Oversight Committee hearing on contempt proceedings against Attorney General Merrick Garland devolved into chaos and name-calling. Rep. Marjorie Taylor Greene (R-GA) started the fight by making a snide personal comment about Rep. Jasmine Crockett (D-Texas). AOC stepped in and the pair traded jibes before AOC said to Greene: 'Oh girl, baby girl... don't even play.' Chairman James Comer desperately tried to maintain order.
A man tried to set fire to a synagogue in the city of Rouen, northern France. He was shot and killed by police as he approached them with a knife and an iron bar. Mayor Nicolas Mayer-Rossignol congratulates police for their response and courage. The incident took place during the Israel-Hamas war. A Jewish leader said it was meant to intimidate all Jews. It is the latest attack on the Jewish community in France. In Warsaw, 3 firebombs were detonated at night but nobody was hurt.
Ukraine has launched at least 20 drone attacks on Russian refineries since October. The aim of the attacks is to cut off fuel supplies to the Russian military and slash the export revenues that the Kremlin uses to fund its war effort. Russia’s oil products production has fallen by an estimated 14% between January and March. On Friday, more than 100 Ukrainian drones were intercepted over occupied Crimea and the Black Sea. A series of explosions rocked southwestern Russia and the Russian-occupied peninsula of Crimea early Friday.
Gov. Greg Abbott issued a full pardon for former U.S. Army sergeant Daniel Perry, who was convicted of murder for fatally shooting an armed demonstrator in 2020 during nationwide protests against police violence and racial injustice. The Texas Board of Pardons and Paroles voted unanimously on Thursday to recommend the full pardon and the restoration of firearm rights for Perry. He had been in state prison on a 25-year sentence since his 2023 conviction in the killing of Garrett Foster.
South Africa has asked the International Court of Justice to order Israel to end its military operation in Gaza's southern city of Rafah. South Africa filed a genocide case against Israel late last year. The court has already found that there is a "real and imminent risk" to Palestinian people in Gaza by Israel's military operations. About half of the judges considered issuing the order even before the operation in Rafah, but it had no U.S. backing. Israel highlighted the humanitarian measures it is implementing and improvements it is making.
Hussain Ibrahim Mekky was killed by an Israeli airstrike in Southern Lebanon on Tuesday. Hezbollah leader Hassan Nasrallah has linked the Gaza war to his group’s own confrontation with Israel. The Islamic Resistance in Lebanon carried out its first-ever airstrike on the Israeli occupation, setting a precedent since the October 1973 war of 1973. Hezbollah announced the use of new weapons in attacks across the northern border and called for further troop mobilizations. A Hezbollah drone struck an IDF air force base in the North on Wednesday.
After the 2020 presidential election, some Trump supporters falsely claimed that President Joe Biden had stolen the office. They displayed an upside-down American flag outside their homes. One of them was the residence of Supreme Court Justice Samuel Alito in Alexandria, Virginia. The report could raise concerns about Alito's impartiality as the court considers two major cases related to the attack. It comes as another conservative justice, Clarence Thomas, has ignored calls to recuse himself over his wife's support for Trump.
Roger Fortson, 23, was shot and killed in his Florida home by a sheriff's deputy responding to a domestic violence call on May 3. His funeral will be held Friday at the New Birth Missionary Baptist Church in Stonecrest, Georgia. The senior airman served in overseas combat zones and was stationed at Hurlburt Field in the Florida Panhandle. His supporters point to the deputy's rapid decision to open fire and his presence at the apartment as proof that it was a blatantly unjustified killing.
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Two destroyers will protect the U.S. military's soon-to-be-completed pier to deliver aid to starving Palestinians in Gaza, the Pentagon said Tuesday. Trucks of humanitarian aid began moving ashore into Gaza early Friday through a temporary pier built by the US military. The Rafah crossing has been shut for nearly two weeks after Israeli forces seized the Palestinian side of the crossing as part of a ground assault. About 500 tons of humanitarian assistance have been loaded onto ships and thousands more are ready to be added to the distribution queue.
A man tried to set fire to a synagogue in the Normandy city of Rouen early on Friday. He was shot dead by French police. The incident took place at 6:45 am as smoke was coming out of the building. It follows guards being placed around all of France’s synagogues because of heightened tensions surrounding the Israel-Gaza conflict. Antisemitic acts have surged in the country due to the war between Israel and Hamas. Interior Minister Gerald Darmanin congratulated officers for their reactivity and their courage.
South Africa has asked the International Court of Justice for emergency measures to order Israel to stop its military operation in Gaza's southern city of Rafah. Israel will present its counter arguments tomorrow. It is the fourth time South Africa has filed a case accusing Israel of genocide. The country's ambassador to the Netherlands, Vusimuzi Madonsela, urged the panel of 15 international judges to orders Israel to "totally and unconditionally withdraw" from the Gaza Strip. The court has already found that there is a "real and imminent risk" to Palestinian people in Gaza by Israel's military operations.
A suspected Ukrainian drone attack caused a brief fire at an oil refinery in southern Russia's Volgograd region. Over 100 Ukrainian drones bombed three key Russian ports last night, including Novorossiysk, Sevastopol and Tuapse. It was Ukraine's biggest air and sea drone attack to date. The debris from the attack damaged several substations in Sevastopol. A Ukrainian Sport Plane Drone Flew 800 miles into Russia To Blow Up An Oil Refinery.
Hamas accepted a hostage deal proposed by Egypt and Qatar on May 6. President Joe Biden warned that the U.S. will not deliver 3,500 heavy ordnance bombs to Israel if it invades Rafah. The US Secretary of State Antony Blinken said April 29 that Washington and Riyadh are close to signing a new defense pact. Saudi Foreign Minister Faisal bin Farhan said he expected the bilateral agreement between the two countries to be inked "in near future". Some analysts argue that it is too soon to talk about imminence of a grand deal.
Keir Starmer launched his party's election campaign in Thurrock on Thursday. The event was professionally prepared, choreographed to include personal stories from the cancer patient Nathaniel Dye and a video endorsement from the CEO of Boots. Keir is out this morning in Essex outlining the bold, dynamic first steps he would take if he wins the next election. He promises restoring economic stability after years of soaring inflation and high mortgage rates, establishing a publicly owned green-energy company and toughening border controls.
Vladimir Putin is on a two-day state visit to China. It's his first foreign trip since being sworn in for a fifth term as Russian president on May 7. This year marks the 75th anniversary of the establishment of diplomatic relations between China and Russia. Xi Jinping and Vladimir Putin have met more than 40 times in various bilateral and multilateral settings over the last decade. The leaders signed a joint statement on deepening China-Russia relations. They agreed that a political settlement of the Ukraine crisis is the right way out of the conflict.
Robert Fico, 59, was shot by a gunman in Handlova as he was greeting supporters at an event outside a cultural center in the town on Wednesday. He underwent surgery and is expected to survive. The suspect has been identified as 71-year-old Juraj Cintula, a writer and poet from Levice in western Slovakia. In one of his poems, he describes how he grew up to be someone who strikes back. He started a movement called Against Violence eight years ago.
Two Hezbollah fighters were killed in an Israeli drone strike on a car in southern Lebanon. Israel carried out strikes against 10 Hezbollah targets and launched more than 60 rockets at three military bases in the occupied Golan Heights. Three soldiers were injured when a drone packed with explosives crashed and exploded near the northern community of Metula. Hezbollah claims responsibility for the attack, saying it targeted Israel Defense Forces targets with a missile-armed drone. It is the first time Hezbollah has used a drone that launches missiles instead of explosive-laden aircraft. Hezbollah leader Hassan Nasrallah has linked the Gaza war to his group’s confrontation with Israel. The U.S.-Israel rift over how to handle southern Gaza could embolden Hezbollah to further accelerate its already heightened tempo of operations.
France declared a state of emergency in New Caledonia on Wednesday after violent protests over electoral reforms killed four people, including two police officers and a gendarme. There have been decades of tensions between Indigenous Kanaks seeking independence and descendants of colonizers who want to remain part of France. The new emergency will give authorities additional powers to ban gatherings and forbid people from moving around the French-ruled island. Some 1,000 security personnel have arrived from France to address the worst unrest since the 1980s.
Ukraine's president Volodymyr Zelenskiy travelled to Kharkiv on Thursday and held a meeting with senior leaders. He warned that his country couldn't afford to lose the city and said 'the situation is very serious'. Zelensky has said 'it is the world's fault' that Putin has advanced on the region as first reports have emerged of Russian troops detaining and executing civilians in a seized nearby town. Russia’s Victory Day Campaign Just Ran Into A Wall Of Ukrainian Troops.
DePaul University's FEST festival has been cancelled because of the pro-Palestinian protest encampment on campus. Chicago police cleared out a pro-Palestine encampment at DePaul University’s Lincoln Park campus early Thursday morning after school officials said they had reached an impasse with the protesters. The encampment, erected April 30, was Chicago's last-standing university demonstration against the ongoing war in Gaza. Around 100 tents were on the university's main quad in Lincoln Park. Two people were arrested for blocking police and DePaul Public Safety officers.
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China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing. China's CSI300 benchmark real estate index jumped more than 4% on the news. Central bank said it would reduce the minimum down payment for mortgages and remove the floor on interest rates for first and second homebuyers. Beijing's State Council met Friday. The sector has been under strain since 2020, when authorities tightened developers' access to credit in a bid to reduce mounting debt.
It's 4.3 times more expensive to eat out at a fast food restaurant than to make a meal at home, according to John David Rainey, Walmart's chief financial officer. The gap between the two prices is widening because some grocery items are holding their price or becoming cheaper. On Thursday, Walmart reported better-than-expected first quarter earnings and its stock hit an all-time high. CEO Doug McMillon attributed consumer spending increases seen during the quarter to the retailer's value proposition.
Industrial output grew 6.7% on-year in April, building on a 4.5% increase in March. Retail sales growth slowed to 2.3%, down from 3.1% in March and lower than forecasts. Consumer confidence will remain low without policy support for family income and durable goods. Online retail sales of physical goods jumped 11.5 percent year on year in January-April, with online retail sales expanding 11.1%. The content provided on the website is intended for educational/informational purposes only and does not contain financial, investment tax or trading advice.
Reddit and OpenAI announced a new partnership that will give OpenAI’s ChatGPT access to Reddit threads and enable Reddit users to use new AI-powered features. The two companies will also collaborate on advertising. Financial details of the partnership between the San Francisco-based tech firms were not disclosed. Reddit is seeking to capitalize on the value of exchanges in its varied discussion groups as it seeks to improve revenues. Its ubiquitous presence on the web raises questions about the reliability and accuracy of information sourced from anonymous, unvetted users.
Ping An Asset Management, HSBC Holdings PLC's largest shareholder, will continue to hold its investment in the Asia-focussed lender. Bloomberg News reports Ping An is considering options to reduce its 8% stake in the London-headquartered bank. Ping An has sold shares worth $50 million this month and is considering selling more as it looks to cut its $13.3 billion stake in HSBC. Citi Research believes there is an increased risk that Ping An might decide to exit HSBC.
Dow Jones Industrial Average closed down 38.62 points, or 0.1%, at 39,869.38. The S&P 500 fell 0.21%, closing at 5,297.10 and the Nasdaq Composite was 0.26%, ending at 16,698.32. At its high of the day, the blue-chip average reached 40,051.05. The index had neared the 40,000 mark earlier this year before a slight April pullback on worries about high interest rates knocked it back down.
Meme stock mania is back. Shares in companies linked to speculative trading activity are soaring in value. GameStop shares have soared 180% to $48.75 after closing at $17.39 on Friday. Other stocks rallying at eye-watering rates include AMC Entertainment Holdings, Blackberry and headphone-maker Koss Corp. The meme stock rally caused losses nearing $1 billion for GameStop short sellers. Nvidia stock has all-time closing high in its crosshairs.
S&P 500, Dow Jones Industrial Average and Nasdaq Composite closed at record highs. U.S. Consumer Price Index (CPI) data for April led traders to raise bets that the Fed will cut its policy rate in September and December. Planet Fitness shares tumbled 7% after it reported a revenue miss for its first quarter and issued disappointing guidance for the year. Robinhood shares rose more than 5% after reporting record earnings for the first quarter. iMessage hits out of service due to Hurricane Harvey.
Consumer prices rose by 0.3% in April, but were up 3.4% from a year ago. Core inflation, which strips out volatile food and energy categories, reached the lowest level since April 2021 at 3.6%. Higher prices for shelter and gasoline made up a majority of the monthly increases for April. The Federal Reserve’s textbook-perfect policy of fighting inflation by pushing up interest rates has worked in large parts of the economy. Inflation had been unexpectedly high in the first three months of this year after having steadily dropped in the second half of 2023.
The iconic Mirage hotel-casino on the Las Vegas Strip will close its doors this summer. The July 17 closure will clear the way for major renovations and construction on the 80-acre property. It will reopen in 2027 as the Hard Rock Las Vegas, featuring a hotel tower in the shape of a guitar soaring nearly 700 feet above the heart of the Strip. Tropicana Las Vegas closed in April after 67 years to make room for a $1.5 billion baseball stadium planned as the future home of the relocating Oakland A's.
Spirit AeroSystems will lay off up to 450 workers at its Wichita, Kansas, plant. Boeing's most important supplier makes fuselages and installs door plugs for 737 Max airplanes. Production has slowed since a panel flew off one of those planes operated by Alaska Airlines in midair in January. Boeing confirmed this spring that it is in talks to buy the company. About 12,600 people worked at the Wichita facility as of the end of 2023 according to the company's annual filing.
U.S. President Joe Biden has introduced new tariffs on Chinese imports. The most important target of the new tariffs is electric vehicles made in China. A Chinese-made EV with a base price of $12,000 would now cost $24,000, up from $15,000 previously. Experts say the decision to increase tariffs will inevitably boomerang and will never be able to impede China's ongoing green transformation and industrial upgrading. It will be more protectionist if Donald Trump wins the election in November.
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Google I/O 2018 was packed with AI announcements. Google is rolling out a new feature this summer that lets you search for something based on a video. Gemini Live lets users have “in-depth” voice chats with the AI chatbot Gemini on their smartphones. Ryan Daws is a senior editor at TechForge Media and has gained recognition as an influencer in the tech industry. He doesn't like the way Google's AI didn't live up to his expectations.
The AI-powered "Search Generative Experience (SGE) that Google had been trialing for months is rolling out to everyone in the US. The new "AI Overviews" feature presents users with AI-generated answers to queries culled from information on the web and gives you a sometimes incorrect summary without needing to click on a single result. Google does not provide a way to turn off AI Overviews in its settings, but there are ways to avoid these atrocities and go straight to search results.
Take-Two Interactive has narrowed the release window for Grand Theft Auto 6 to fall of 2025. The company recorded a GAAP net loss of $3.74 billion last year due to impairment charges related to goodwill and acquisition. GTA franchise has sold over 425 million units, with 200 million of those being Grand Theft auto V. 2K plans to reveal the next GTA game in one of their biggest most belovely announcements. Take-Two's annual net bookings increased by 1 percent to $5.33 billion and GAAP revenue remained flat at $535 billion.
OpenAI has launched GPT-4o, a new AI model that integrates text, audio, and visual inputs and outputs to enhance the naturalness of machine interactions with humans. It is set to roll out in developer and consumer-facing products over the next few weeks. Earlier this week OpenAI launched ChatGPT (“o” for “omni”), a new version of the artificial intelligence system powering the popular chatbot. According to the demonstration video, it can have voice conversations with users in near real-time.
Meta is starting to test a TweetDeck-like experience for its social media platform Threads. Mark Zuckerberg shared an image of the new web view that features the option to pin customized columns, similar to the Tweetdeck feature that used to be available on Twitter. Meta will be selecting Threads users to test this new experience in the web version of Threads and a screenshot shows that it’s very similar to Tweet deck. Instagram CEO Adam Mosseri shared via the platform that Threads is getting a new 'Recent' results option.
The Google Pixel 8a is the best phone you can buy for less than $500. It has a smooth-looking, brighter-than-ever display, a camera system that'll best any Samsung Galaxy A-series device or iPhone SE, and an Android operating system that will give and give for another seven years. The addition of a Tensor G3 chip means it supports the same powerful AI features as Google’s flagship phones. With an RRP of £499, it's one of the best value phones on the market today.
Apple's new iPad Pro ad was met with wide and sharp criticism. The in-house produced Crush promo for the new iPad has been viewed 53 million times on YouTube. Apple is apologetic about the video but hasn't taken it down yet. It shows a hydraulic press crushing musical instruments like a piano and a guitar, as well as media devices like a television and cameras to show the new, slim iPad Pro. Tim Cook’s post on the much condemned “Crush” ad has been seen around 53 million people.
There was a widespread outage of Apple's iMessage app on Thursday evening. People reported the problem across multiple wireless carriers (Verizon, AT&T, T-Mobile, Verizon, iMessage, Facetime, and Apple Support) as well as continents. The issues went on from about 4:39 p.m. (5:39 pm ET) until 6:35 pm (6:35 PM ET). More than 15,000 iMessage outages had been reported Thursday. Facebook, Instagram, Threads and Messenger platforms were temporarily unavailable.
iPhone 16 Pro is expected to arrive later this year as the successor to the iPhone 15 Pro. It will have a 20% increase in brightness for standard dynamic range (SDR) content and slightly larger panels. The smartphones are also tipped to arrive with an upgraded chip and a new 'Capture' button. The iPhone 16 Pro Max is going to be Apple’s biggest smartphone ever, with a 6.9-inch screen instead of 6.7-inch display.
Apple's new iPad Pro is thinner, lighter and has a stupendous new OLED screen. The 11-inch version starts at £999 (€1,119/$999/A$1,699) while the 13-inch model costs from £1,299 ( €1,549/$1,300/A $2,199). Engadget compares the iPad Air (M2) and iPad Pro (M4) models that launched in 2024.
ChatGPT has received a major update that adds to its data analysis capabilities. It will be possible to upload files directly from Google Drive and Microsoft OneDrive to ChatGPT. The company is working on a Context Connector feature, which would make it easier for people to connect their online files to the AI chatbot. Later this year, the GPT-5 model might make it even better than the current version. OpenAI introduced several updates during the "Spring Update" live stream.
Apple has announced new accessibility features for its iOS 18 and iPadOS 18. They include Eye Tracking, music Haptics, Taptic Engine, Vocal Shortcuts, Vehicle Motion Cues, and more. The new features are expected to be available in the next iPhone software later this year. Apple is only saying “later this year” ahead of its WWDC event next month. This is not the first time Apple has announced big accessibility features ahead of the keynote.
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