2026-05-12
Iran ceasefire wobbles. Inflation hits 3.8%. Markets digest the mess.
Good afternoon. A day when the usual suspects broke their usual rhythms. Trump heads to Beijing. Congress shows up to testify. The debt gets worse by the hour.
Lunch Brief
The Federalist reports liberal justices have stalled a decision. The Dobbs delay is now a pattern.
The math is uglier than the last crisis. Both parties are further from a fix than ever.
The online marketplace called the cash-and-stock offer neither credible nor attractive. GameStop's comeback bid stalls.
Knesset voted 93-0 to allow death penalty. Unanimous on punishment for the deadliest attack in Israeli history.
France-Africa summit mobilized 23 billion euros ($27 billion). Macron announced the package personally.
He rejected Tehran's latest peace offer. Trump heads to Beijing today with Middle East and trade talks on the agenda. The ceasefire was already fragile.
First three months of 2026. Taliban and Pakistani forces clashed in February. Air raids killed many civilians.
Linked to Duterte's drug war killings. The arrest warrant alleges extrajudicial executions.
- Starmer tells cabinet: no resignation without challenge
- US inflation jumps to 3.8% in April
- Trump heads to China for state visit. And, how the war in Iran has affected inflation
- Dow futures dip. Oil tops $100.
- Russia breaks Ukraine ceasefire overnight
- Hegseth, Caine testify on Iran and defense budget
- Instructure reaches deal with Canvas hackers
- NetEase vet raises $100M for gaming comeback
- EDF Said to Plan Sale of Chinese Renewables Amid Nuclear Shift
- Wildlife wanderlust: 5 stories of animal stowaways
"Almost respectable. Use it cautiously."
"Below the radar. Statistically rare; enjoy it."
Debt spirals while everyone argues about who ignored it first.
Back at 6:00 PM ET with the night owl brief.