Minimalist News

Simply the latest news, updated on the hour.

Thu, May 28, 2026, 1:46 PM EDT

World

AI Summary

  • Global semiconductor supply chains are under scrutiny, with the EU considering crisis powers to gain control and restrict Chinese imports, while US home sales decline amid soaring prices.
  • Geopolitical tensions in the Middle East remain high, marked by reported US-Iran ceasefire deal 'breakthroughs' and retaliatory strikes, alongside threats concerning the Strait of Hormuz and heightened regional violence.
  • The US economy shows surprising resilience with retail stocks surging due to persistent consumer spending, despite rising inflation and a slump in the national savings rate.
  • Concerns are mounting over AI's market impact, with the Bank of Canada warning of increased vulnerability to sharp corrections, while drone stocks surge following Pentagon funding news.
  • The energy sector faces inventory drawdowns and potential 'tank bottoms' at Cushing, coinciding with increased oil prices due to Middle East flare-ups and discussions around potential SPR drains.

ZeroHedge

  • Florida Governor Calls For Special Session To Eliminate Property Tax For Homeowners an hour ago by Tyler Durden

    Florida Governor Calls For Special Session To Eliminate Property Tax For Homeowners Authored by Jacki Thrapp via The Epoch Times, Florida Gov. Ron DeSantis on May 27 called for a special legislative session to pass his plan to exempt homeowners from paying property taxes on their permanent residence. The Republican governor revealed his plans to sign a proclamation that would require state lawmakers to convene in Tallahassee and discuss his “Save Our Homes” proposal starting on June 1. “Taxing something that you own repeatedly, which is a property tax, is the worst way to do taxation,” DeSantis said in a

  • Stellar 7 Year Auction Sees 3rd Highest Foreign Award On Record an hour ago by Tyler Durden

    Stellar 7 Year Auction Sees 3rd Highest Foreign Award On Record In the week's final coupon auction, the US Treasury sold $44 billion in 7 Year notes to stellar demand. Extending on the strength yesterday's solid (if tailing) 5 Year auction, today's 7 Year sale printed at a high yield of 4.290%, up from 4.175% and the highest since Jan 2025. It also stopped through the When Issued 4.291% by 0.1bps, the first stop through since December 2025. The bid to cover was 2.518, up from 2.513 and the highest since July 2025; it was obviously higher than the six-auction

  • EU Wants Crisis Powers To Seize Control Of Chip Supplies, Seeks Restrictions On Chinese Imports 2 hours ago by Tyler Durden

    EU Wants Crisis Powers To Seize Control Of Chip Supplies, Seeks Restrictions On Chinese Imports The EU - which is badly lagging the rest of the world when it comes to AI development - is preparing sweeping emergency powers to intervene in Europe’s semiconductor supply chains during shortages, including by forcing chipmakers to override existing contracts, the FT reported . So much for the sanctity of those "contract-backed" backlogs... The draft law also enables common purchasing to boost the bloc’s negotiating power, and would mark a clear expansion of the EU’s powers to intervene directly in industrial supply chains. Amid

  • DOJ Urges Supreme Court To Take Up Case That Could Lead To Pre-Election Voter Roll Cleanups 2 hours ago by Tyler Durden

    DOJ Urges Supreme Court To Take Up Case That Could Lead To Pre-Election Voter Roll Cleanups Authored by Matthew Vadum via The Epoch Times, The U.S. Department of Justice (DOJ) has urged the U.S. Supreme Court to hear a case that could determine whether states are allowed to remove noncitizens from their voter rolls in the 90 days leading up to an election. In the case, the DOJ argues that the National Voter Registration Act (NVRA) of 1993 does not prevent states from taking noncitizens off voter rolls before elections. The National Voter Registration Act is also known as the

  • Consumer Isn't Dead Yet: US Retail Stocks Surge As Resilient Shoppers Surprise Markets 2 hours ago by Tyler Durden

    Consumer Isn't Dead Yet: US Retail Stocks Surge As Resilient Shoppers Surprise Markets The S&P Retail Select Industry Index rose more than 1% Thursday morning as shares of Kohl's, Best Buy, and Dollar Tree surged on better-than-expected earnings results. Results suggest the U.S. consumer was stronger than feared in the prior quarter, even as households were battered by a fuel-price shock at the pump, persistent inflation, and softening confidence, which has led to them draining what little savings they have left. As Bloomberg notes, the three chains operate in very different parts of the retail sector, yet all surprised investors


The Guardian

  • Dormitory fire at Kenyan girls’ school kills at least 16 students 4 hours ago by Rachel Savage and agencies
    Kenya, Africa, World news

    Parents face anxious wait for updates after blaze tears through Utumishi girls academy in Gilgil, Nakuru county A fire has ripped through a dormitory at a girls’ school in Kenya’s Rift valley, killing at least 16 students. The fire broke out just after midnight at Utumishi girls academy in Gilgil, Nakuru county, about 76 miles north-west of Nairobi, police said. Continue reading...

  • US building Ebola quarantine center in Kenya for Americans amid outbreak a day ago by Melody Schreiber
    Trump administration, Ebola, Kenya, Africa, World news, Health, US politics

    Some experts criticize White House approach and say not allowing Americans to return to US hurts treatment efforts The Trump administration is building a quarantine and treatment center in Kenya for Americans affected by the Ebola outbreak, instead of bringing them home. The White House on Wednesday confirmed that the US was setting up a facility in Kenya for Americans to quarantine after Ebola exposure in the Democratic Republic of the Congo (DRC). Continue reading...

  • WHO chief calls for DRC ceasefire to tackle Ebola outbreak a day ago by Rachel Savage in Johannesburg and agencies
    Democratic Republic of the Congo, Ebola, Uganda, World Health Organization, Africa, World news

    Tedros Adhanom Ghebreyesus warns of ‘catastrophic collision of disease and conflict’, as Uganda closes border with DRC The head of the World Health Organization has called for an immediate ceasefire in the eastern Democratic Republic of the Congo to help tackle the Ebola outbreak there, as Uganda closed its border with its neighbour in an effort to stop the spread. Tedros Adhanom Ghebreyesus posted on social media that the region was in the midst of a “catastrophic collision of disease and conflict with the Ebola outbreak in Ituri province outpacing the response”. Tedros said on Monday that he would travel

  • Spread of Ebola in DRC ‘outpacing’ response efforts, warns WHO 3 days ago by Carlos Mureithi in Nairobi
    Democratic Republic of the Congo, Africa, World news, Ebola, World Health Organization

    Director general of World Health Organization urges neighbouring countries to take immediate action The World Health Organization has warned that the Ebola outbreak is outpacing response efforts and countries neighbouring the Democratic Republic of Congo (DRC) are at high risk from the disease. “We are urgently scaling up operations, but at the moment the epidemic is outpacing us,” said the WHO’s director-general, Dr Tedros Adhanom Ghebreyesus, as he urged neighbouring countries to take immediate action. Continue reading...

  • ‘She does not back down’: the couple seeking to legalise same-sex marriage in Botswana 4 days ago by Rachel Savage in Gaborone
    Botswana, LGBTQ+ rights, Africa, World news

    Bonolo Selelo and Tsholofelo Kumile are going to court for right to wed but face fierce opposition from church groups Bonolo Selelo was at Botswana’s national museum for a Gaborone Pride event when she spotted Tsholofelo Kumile and was struck by her good looks. The two initiated a conversation and when Kumile expressed anxiety about what a tarot reading at the event might hold, Selelo thought nothing of offering her a hug. The reading turned out positive but Kumile claimed her hug anyway and they talked for hours. That was 1 October 2023. Two months later, they moved in together.


South China Morning Post

  • Bruce Springsteen calls out Trump, announces Maryland protest festival an hour ago by Associated Press

    Bruce Springsteen, Foo Fighters, Dave Matthews, Brittany Howard and Joan Baez will headline a star-studded protest festival set for the Washington area a month before the midterm elections. Springsteen and Rage Against the Machine guitarist Tom Morello announced the festival on Wednesday while performing together at Nationals Park in Washington as Springsteen winds down his Land of Hope and Dreams American tour. At the concert on Wednesday, Springsteen played many of his most political songs,...

  • Tentative agreement reached in Iran negotiations pending Trump’s approval: US officials 2 hours ago by Khushboo Razdan

    A tentative agreement has been reached in the ongoing negotiations with Iran, US sources confirmed, though they stressed that the deal has not yet been finalised and remains subject to formal approval by US President Donald Trump. Earlier, Axios reported that Trump has asked for a couple of days to consider the proposal before making a decision. The development comes amid a fragile ceasefire first set in April. On Wednesday, the US military launched targeted strikes against Iran. In immediate...

  • US key inflation gauge worsens, eroding Americans’ income and spending power 5 hours ago by Associated Press

    A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances. Inflation jumped to 3.8 per cent in April compared with a year ago, the Commerce Department said on Thursday, up from 3.5 per cent in March and the highest since May 2023. On a monthly basis, prices rose 0.4 per cent, down from the 0.7 per cent jump in March. The report showed that prices have risen for many items in...

  • 3 paths to stability in a conflict-ridden world 6 hours ago by Albert Bakhtizin

    The reshaping of the global economic system we are witnessing has entered an acute phase. This raises several questions. When will the world return to a more stable condition? No less importantly, what places will key countries occupy in the new configuration? To answer these questions, it is useful to view current events through the prism of systemic interstate conflicts, which are among the main markers of such transformations. By systemic conflicts, however, one should understand not only...

  • 3 wounded in blade attack at Swiss railway station 7 hours ago by Agence France-Presse

    A knife attack by a man reportedly shouting “Allahu akbar” that wounded three people at a Swiss railway station on Thursday was a “terrorist act”, a regional security official said. “I am exceptionally calling this a terrorist attack,” Mario Fehr, in charge of security in the Swiss canton of Zurich, told reporters, adding that it was “clear from the scene that the motive for this act must be sought in the realm of radicalisation and extremism”. Witnesses described scenes of panic and confusion...


New York Times

  • Iran War Live Updates: U.S. and Iran Trade Strikes, Further Threatening Negotiations an hour ago by The New York Times

    The U.S. military said Iran had launched a ballistic missile toward Kuwait. Iran’s Revolutionary Guards said it had targeted an unspecified U.S. base in retaliation for earlier strikes.

  • The Mideast Is Baffled by Trump’s Call to Expand Abraham Accords 5 hours ago by Vivian Nereim, Isabel Kershner and Elian Peltier
    US and Israeli Attack on Iran (2026), Peace Process, Trump, Donald J, United Arab Emirates, Israel, Saudi Arabia, Bahrain, Morocco, United States International Relations, International Relations, Egypt, Iran, Jordan, Lebanon, Pakistan, Qatar, Turkey, United States

    The president said more countries should be required to recognize Israel as part of a deal to end the war with Iran. Analysts say the chances of that happening are close to zero.

  • Justice Dept. Is Said to Open Criminal Inquiry of E. Jean Carroll, Who Accused Trump of Rape 7 hours ago by Glenn Thrush and Benjamin Weiser
    Carroll, E Jean, Libel and Slander, Sex Crimes, Suits and Litigation (Civil), Compensation for Damages (Law), Decisions and Verdicts, Courts and the Judiciary, United States Politics and Government, Justice Department, Blanche, Todd (Attorney), Trump, Donald J

    Ms. Carroll, who prevailed in a civil trial after accusing President Trump of sexual abuse, is the latest target in a Justice Department campaign going after his perceived enemies.

  • These Are Some of the Trump Justice Dept.’s Targets 8 hours ago by Francesca Regalado
    Trump, Donald J, Justice Department, Comey, James B, Carroll, E Jean, James, Letitia, Powell, Jerome H, Willis, Fani T, Federal Bureau of Investigation, Southern Poverty Law Center, United States Politics and Government, Politics and Government, Ethics and Official Misconduct

    When he returned to office, President Trump vowed revenge against those he said had challenged or defied him. Here’s an incomplete list of the people his Justice Department has targeted.

  • ‘Both Parties Kind of Get It Wrong’: The Young Men Who May Swing the Midterms 3 hours ago by Kellen Browning and Emma Goldberg
    Presidential Election of 2024, Men and Boys, Midterm Elections (2026), Generation Z, Democratic Party, Republican Party, Carlson, Tucker, Fuentes, Nicholas J, Kirk, Charlie (1993- ), Newsom, Gavin, Moore, Wes (1978- ), Platner, Graham

    Many Gen Z men who voted for Donald Trump are dismayed by his time in office. But they say they are not hearing an appealing pitch from Democrats, either.


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