

The House Oversight Committee has initiated an investigation into Kalshi and Polymarket concerning alleged insider trading by users of their prediction markets. Chairman James Comer has requested documents from the companies to understand their measures against such activities and their identity verification processes. The probe follows concerns raised after suspicious, timed bets on events like the Iran war and the capture of Nicolás Maduro, with a data firm reporting significant profits for some Polymarket accounts tied to these events. A U.S. soldier has already been charged for allegedly using confidential government information for similar trades.
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CBS NewsThe New York Giants have lost a key defensive tackle, Roy Robertson-Harris, for the remainder of the season due to a torn Achilles tendon sustained during practice. This injury creates a significant gap in the team's defensive line, especially after the earlier trade of Dexter Lawrence. Robertson-Harris was expected to play a substantial role after starting all 17 games last season. The Giants will now rely on veteran additions DJ Reader and Shelby Harris, as well as Darius Alexander, to fill the void.
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Fox NewsMotorsports trailblazer Katherine Legge is set to become the first woman to attempt 'The Double,' competing in both the Indianapolis 500 and the NASCAR Cup Series Coca-Cola 600 on the same day. This ambitious feat involves approximately 1,100 miles of racing across two distinct tracks. Legge's plan includes a tight schedule of helicopter and private jet travel between the events. She joins an elite group of drivers who have attempted this challenging endurance test, highlighting the immense focus and physical demand required.
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LA TimesTulsi Gabbard is stepping down as Director of National Intelligence, citing her husband Abraham's recent diagnosis with a rare form of bone cancer. In her resignation letter, she emphasized her need to support him through this challenging time. President Trump praised her performance and confirmed her departure, with Aaron Lukas appointed as acting director. Gabbard's tenure has been notable for her anti-interventionist stance and reported internal disagreements. Her resignation adds to a series of high-profile departures from the administration.
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CNBCThe United States is escalating pressure on Cuba through an oil blockade, sanctions, and an unprecedented murder indictment against former leader Raúl Castro, citing national security concerns. President Trump has expressed a desire for leadership change in Havana, fueling tensions and increasing surveillance activity in the Caribbean. Cuba vehemently denies the U.S. claims, calling the indictment a "fraudulent case" to justify potential military intervention. The heightened tensions come amidst Cuba's ongoing struggles with fuel shortages and blackouts, exacerbated by U.S. sanctions.
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BBCA curated collection of twenty photographs offers a visual summary of significant global events from the past week. The images capture a diverse range of moments, including the ongoing Ebola outbreak, Israeli military actions in Gaza, President Putin's visit to Beijing, and Arsenal's victory in the Premier League. These powerful visuals provide a poignant and immediate glimpse into the world's unfolding narratives.
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The GuardianNASCAR star Kyle Busch has been hospitalized due to a severe illness, forcing him to withdraw from this weekend's race at Charlotte Motor Speedway. His family, along with his racing team and NASCAR, released a statement expressing devastation at his passing. The statement hailed Busch as a "once-in-a-generation talent" with a remarkable career, including two NASCAR Cup Series championships and numerous victories. The cause of his illness and death has not been publicly disclosed.
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Incoming Federal Reserve Chair Kevin Warsh's "regime change" rhetoric suggests a potential shift in how the Fed manages its substantial balance sheet and interacts with financial markets. Discussions are centering on whether the Fed should continue using its balance sheet as a regular policy tool or reserve it for severe market dysfunction. This could involve a move towards a "scarce reserves" system, potentially impacting Treasury yields and mortgage rates. While some economists believe a gradual transition is feasible, others, like Fed Governor Michael Barr, express concerns about undermining bank resilience and financial stability.
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CNBCPresident Donald Trump has called on incoming Federal Reserve Chairman Kevin Warsh to be "totally independent," urging him to disregard external opinions and focus on his role. This statement comes amidst Trump's history of publicly pressuring the Fed for lower interest rates, a stance that clashed with his predecessor Jerome Powell. The White House ceremony for Warsh's swearing-in underscores the President's investment in his appointment. Warsh faces the challenge of navigating a fractured economic landscape while assuring the public of the Fed's autonomy.
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BBCTulsi Gabbard has announced her resignation as Director of National Intelligence, citing her husband Abraham's recent diagnosis with a rare form of bone cancer. She stated her commitment to being by his side during his treatment, making her demanding role untenable. President Trump praised her service, and Aaron Lukas will serve as acting director. Gabbard's tenure was marked by her anti-interventionist foreign policy views and internal discussions regarding intelligence assessments, particularly concerning Iran. Her departure is the fourth Cabinet-level exit this year.
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CBS NewsTulsi Gabbard has announced her resignation as Director of National Intelligence, effective June 30, due to her husband Abraham's recent diagnosis of a rare form of bone cancer. She stated that she cannot in good conscience continue in her demanding role while her husband faces significant health challenges. President Trump acknowledged her "incredible job" and expressed that she will be missed, with Principal Deputy Director Aaron Lukas set to take over in an acting capacity. Gabbard's tenure was marked by reports of clashes and her stance on military intervention, particularly concerning Iran. Her departure marks the fourth Cabinet-level exit this year.
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CBS NewsPresident Donald Trump has defended the newly established Department of Justice 'Anti-Weaponization Fund,' stating he sacrificed significant personal financial gain to allow its creation. The fund, part of a settlement for Trump's lawsuit against the IRS, aims to compensate individuals who allege they were victims of prosecutorial overreach under the Biden administration. While some House Republicans have voiced support, Senate Republicans, including Mitch McConnell, have strongly criticized the fund, calling it a "slush fund." Bipartisan legislation has been introduced to prevent taxpayer money from being used for the payout pool.
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CNBCMonterey County is moving forward with a plan to restrict parking around the Bixby Bridge in Big Sur, a popular tourist destination. The proposed ordinance aims to address safety concerns and congestion exacerbated by increased tourism following the Highway 1 reopening. If enacted, parking in the immediate vicinity of the bridge would be banned for a year. This measure requires further review and permits from state agencies, with implementation expected in several weeks or months.
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LA TimesSenator Marco Rubio has indicated "slight progress" in peace talks concerning Iran but firmly rejected the concept of a "tolling system" for the Strait of Hormuz. The ongoing conflict and related diplomatic efforts remain a central focus, with the strategic waterway's control being a point of contention. Further details on the nature of the progress or the specifics of the rejected proposal were not immediately available.
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CBS NewsPresident Trump announced he will not attend his son Donald Trump Jr.'s wedding this weekend, citing his governmental responsibilities in Washington, D.C. He expressed a desire to be with his son and his fiancée, Bettina Anderson, but felt compelled to remain in the capital during a critical period, referencing the ongoing situation with Iran. The wedding is reportedly scheduled to take place in the Bahamas. This decision follows previous comments where Trump acknowledged the difficult timing due to international affairs.
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CBS NewsFirefighters assisting with the Sandy fire in Simi Valley recovered a family's wedding ring from the rubble of their destroyed home. A video shared by the Los Angeles Fire Department showed the ring being returned to its owner, offering a small glimmer of hope amidst the devastation. The Sandy fire has burned over 2,000 acres and was 40% contained as of Friday morning. The cause of the fire is under investigation, with initial reports suggesting it may have been started by equipment on private property.
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LA TimesYoung driver Kimi Antonelli set the fastest time in practice for the Canadian Grand Prix, leading a Mercedes one-two with George Russell. The session was disrupted by multiple red flags, including one caused by Alex Albon's Williams colliding with a groundhog and another involving Esteban Ocon's Haas. Mercedes appears to have brought significant upgrades to the car, with Lewis Hamilton also showing strong pace in third. This weekend is a sprint event, with qualifying for the sprint race taking place Friday.
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BBCThe S&P 500 has experienced a significant rally, driven by tariff relief optimism, strong earnings, and a rebound in semiconductors. With the VIX volatility index lower, hedging strategies like purchasing put options are becoming more affordable. Despite the market's ascent, underlying fundamentals like elevated Treasury yields and continued institutional demand for gold suggest caution. Investors are advised to consider hedging to protect gains, as the market's momentum may not be fully supported by resolved economic factors.
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CNBCPresident Donald Trump has confirmed he will not attend his eldest son Donald Trump Jr.'s wedding to Bettina Anderson this weekend in the Bahamas. Trump cited governmental responsibilities and his focus on the conflict with Iran as reasons for his absence, stating it was "not good timing." He expressed that the situation put him in a difficult position with the media regardless of his attendance. This marks another instance of the President prioritizing his duties over personal events.
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CNBCSaving $40,000 in a short-term Certificate of Deposit (CD) can yield significant interest, with rates currently around 4% or higher. For instance, a 1-year CD at 4.10% could earn over $1,600. CDs offer principal protection and FDIC insurance, making them a stable option compared to volatile stock market returns. However, early withdrawal penalties can negate interest earnings, making short-term CDs ideal for funds not immediately needed, providing both growth and flexibility.
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CBS NewsA rescuer involved in the recovery of four Italian divers in the Maldives has stated that the equipment found with the deceased was "not optimal." The divers disappeared during a scuba excursion in a deep cave, with their bodies later discovered together. The incident is considered the worst diving accident in the Maldives. Investigators will determine the exact cause, but preliminary assessments suggest a "tragic human error," with questions raised about the divers' preparedness for such a challenging underwater environment.
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BBCRicky Martin's concert in Montenegro was temporarily halted when an audience member discharged tear gas or pepper spray towards the stage, causing panic and prompting an evacuation as a precautionary measure. Security and local authorities intervened to manage the situation, ensuring attendee safety. Despite the disruption, Martin and his team decided to resume the performance once authorities deemed it safe. The incident occurred during festivities celebrating Montenegro's 20th anniversary of independence.
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LA TimesThe Smithsonian American Women's History Museum Act is facing significant political hurdles in the House of Representatives due to amendments added by GOP lawmakers. These amendments grant President Trump final authority over the museum's location and prohibit the inclusion of transgender women, drawing criticism from Democrats. Despite bipartisan support for the original bill, the amended version failed to pass, highlighting the deep partisan divisions impacting cultural institutions. The museum's development has also been complicated by leadership changes.
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The AtlanticThe U.S. Justice Department has indicted two Chinese nationals, Ruhuan Zhen and Hongce Wu, on charges of conspiracy to launder money for major drug cartels, including the Sinaloa Cartel and CJNG. The pair allegedly used sophisticated methods between 2016 and 2025 to conceal illicit funds generated from drug operations. Zhen and Wu remain at large, with their alleged co-conspirators operating internationally. The charges underscore the global nature of financial crimes supporting organized drug trafficking.
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South China Morning Post'The Sheep Detectives,' based on Leonie Swann's novel, is a surprisingly profound film that blends a cozy barnyard setting with a murder mystery. The story follows a flock of sheep investigating the death of their beloved shepherd, George. While employing familiar whodunit tropes and talking animal elements, the film's strength lies in its tonal balance, delivering genuine emotion and humor. The sheep's guilelessness and the script's cleverness make for a captivating and unexpectedly moving cinematic experience.
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The AtlanticRyan Porter, a prominent trombonist and integral member of the West Coast Get Down jazz ensemble, has passed away at the age of 46. Porter died from injuries sustained in a car crash on April 28. He was a key figure in the contemporary Los Angeles jazz scene, known for his collaborations with artists like Kamasi Washington and his contributions to Kendrick Lamar's "To Pimp a Butterfly." Porter also released four solo albums and a documentary promoting music education. His death is mourned by the music community, which remembers him as a "force for good."
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LA TimesRecent controversies surrounding AI-generated content in literature, including a story published in Granta, underscore the growing challenge of distinguishing human and machine writing. The Granta case highlights the limitations of general chatbots for AI detection and the need for more sophisticated tools. As AI's influence grows, literary institutions and authors must develop a deeper understanding of these technologies to maintain integrity and promote authentic human creativity.
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The AtlanticGasoline prices are approaching their highest level in four years, with the national average at $4.55 per gallon, a significant increase from last year, largely due to the Iran war impacting global oil supply. Six states have averages exceeding $5 per gallon, with California at $6.13. Approximately 39 million Americans are expected to travel by car this Memorial Day weekend, exceeding last year's numbers. Despite higher fuel costs, leisure travel remains a priority for many, leading to an estimated $2 billion increase in spending on gasoline compared to the previous year.
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Arm Holdings has seen its shares rally nearly 50% this week, prompting the CNBC Investing Club to consider trimming its position to manage risk. The Club previously locked in a 20% gain on the stock. Meanwhile, Starbucks has reportedly ended an AI inventory accounting program due to excessive errors, highlighting the challenges in implementing new technologies. The company maintains its cost-savings target. Upcoming retail and tech earnings reports are also on the horizon, with a focus on AI developments.
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CNBCDashcam footage and police reports reveal Britney Spears argued with officers and denied being intoxicated during her March DUI arrest for erratic driving. Spears was pulled over for drifting between lanes on U.S. 101, and officers detected the odor of alcohol. She reportedly refused to exit her vehicle for an extended period and claimed to have consumed a mimosa six hours prior. A wine glass was found in her car, and preliminary breathalyzer tests showed blood alcohol levels below the legal limit, though drug tests were also conducted. Spears later pleaded guilty to reckless driving and received probation.
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CBS NewsThe UK is experiencing its hottest day of the year, with temperatures reaching 28.4C in several locations. Amber health alerts have been issued for parts of England as millions travel for the bank holiday weekend. Significant queues have been reported at the Port of Dover due to a new entry and exit system. Transport networks are expected to be busy, with over 19 million people anticipated to travel by car. Despite high fuel prices, travel demand remains strong.
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BBCFormer England captain Wayne Rooney expressed surprise and disappointment over Harry Maguire's exclusion from the current England squad, calling him "very unlucky." Rooney suggested that while Maguire's form might have warranted a place, manager Thomas Tuchel may have opted against selecting him if he wasn't guaranteed playing time. He acknowledged Tuchel's overall trust in the manager's decisions, despite disagreeing with some selections. Rooney also touched on the selection challenges for attacking midfield positions.
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BBCA recent album release has achieved a historic milestone on the UK Official Chart. The article also includes brief updates on other music news, such as Maisie Peters discussing her new album and personal growth, and Jessie J sharing her relief after being declared cancer-free. Additionally, a segment highlights pupils from Meynell Primary School performing opera at the Crucible Theatre.
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BBCSam Reich, CEO of Dropout, discusses the platform's success in building a dedicated audience by eschewing the growth-at-all-costs model of major streamers. Reich explains how he acquired Dropout (formerly CollegeHumor) for $0 and cultivated a unique brand through original, unscripted comedy content and a strong ensemble cast. He emphasizes the importance of personality-driven content, a strong feedback loop, and fostering a welcoming, inclusive environment. Dropout's strategy focuses on serving a specific audience with unique content rather than broad appeal.
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The AtlanticNewly sworn-in Federal Reserve Chair Kevin Warsh will need to build consensus within the Federal Open Market Committee (FOMC) to influence interest rate decisions, as the chair holds only one vote. While Trump has expressed a desire for lower rates, Warsh faces an economic landscape marked by uncertainty, the Iran war, and inflation concerns. His influence will stem from "soft power" and persuasive leadership, rather than unilateral decision-making. The presence of former Chair Jerome Powell on the board adds another dynamic to upcoming FOMC meetings.
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CBS NewsSeveral major U.S. corporations, including Walmart, Apple, and Home Depot, are proceeding with applications for tariff refunds following a Supreme Court decision, despite President Trump's suggestion he would "remember" companies that did so. The companies cite business incentives and fiduciary responsibilities as motivations for seeking potentially billions of dollars in refunds. While some initially paused applications due to concerns about offending the president, the financial implications appear to outweigh the perceived risks.
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CNBCA satirical online protest movement, the 'Cockroach Janta Party' (CJP), has rapidly gained millions of followers in India, protesting remarks made by the country's chief justice. Launched as a tongue-in-cheek response to perceived insults directed at unemployed youth, the CJP's social media accounts have surpassed those of major political parties. The government's blocking of the CJP's X account suggests concern that the online anger could translate into real-world activism, particularly given India's high youth unemployment rates.
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CBS NewsOne of the two teenage shooters involved in the deadly attack at the Islamic Center of San Diego had previously been flagged by the FBI as a "potential threat" and was known to local officials due to his idolization of mass shooters and Nazism. Authorities had seized guns from his father's home a year prior. The shooters, who held white supremacist views, were radicalized online and ultimately died by suicide. The attack raises serious questions about how potential threats are monitored and addressed by law enforcement.
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The GuardianPrince William expressed deep admiration for his wife, Princess Catherine, stating that their family "couldn't cope without her" and that he was "very proud" of her recent international trip. He described her as an "amazing mum" and "amazing wife." William noted that Catherine is gradually re-engaging in public duties following her cancer treatment but emphasized the need for her to remain rested. He highlighted her dedication to her work on early years education, describing her as a "proper pro."
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BBCBill Winters, CEO of Standard Chartered, has apologized for describing employees vulnerable to AI automation as "lower value human capital." He explained that the remarks were made in the context of replacing less critical roles with AI to focus on higher-value positions, and that the bank is committed to supporting affected colleagues. Despite the apology, some critics remain unconvinced, suggesting the language reflects an underlying belief about employee value. The bank anticipates significant job cuts due to automation.
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BBCThe response time of the San Diego Police Department to a mother's escalating concerns about her son, Cain Lee Clark, is under scrutiny following the deadly mosque shooting. Clark and another teen attacked the Islamic Center of San Diego, resulting in three deaths. The mother's initial calls, classified as "Priority 2," were met with a delayed response, which was later upgraded to "Priority 1" after further details emerged. Staffing shortages within the department are cited as a contributing factor to extended response times, raising questions about the efficacy of emergency response protocols.
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LA TimesU.S. comedian Laura Clery described a harrowing experience where a 600lb fridge fell on her while she was home with her young children. Clery narrowly avoided a fatal outcome, describing the incident as the "dumbest way to die" before managing to call 911. Multiple firefighters were required to lift the heavy appliance off her. She was hospitalized following the terrifying event, which she detailed on Instagram and Patreon, emphasizing the danger and her relief at surviving.
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The GuardianA CBS News poll indicates that a majority of Americans are skeptical about the U.S. government's capacity to ensure the appropriate use of Artificial Intelligence (AI). Most respondents believe AI will lead to job losses and doubt that government policies will adequately regulate the technology. While younger Americans are more familiar with AI, widespread concern exists across demographics about its impact on employment and ethical deployment.
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CBS NewsReports suggest IMAX is exploring a potential sale, leading to a surge in its stock price. Analysts view IMAX as an attractive asset due to its premium brand, licensing model, and expanding earnings profile, with some believing it is currently undervalued. Potential buyers identified include private equity firms, Netflix, Apple, and Sony. While major Hollywood studios are considered less likely suitors due to competition for release windows, the company's diverse business model and strong box office performance make it a compelling acquisition target.
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CNBCThe head of Palantir UK has accused London Mayor Sir Sadiq Khan of "putting politics over public safety" after Khan blocked a £50 million contract between the Metropolitan Police and the tech firm. Palantir UK's CEO, Shahin Yusef, argued that denying the Met access to Palantir's software would disadvantage law enforcement against criminals and hostile states. City Hall cited concerns about value for money and intends to discuss ethical considerations in procurement with the government, while the Met warned of potential officer cuts if the deal doesn't proceed.
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