No Storybook Ending: Disney Plans Another Round Of Layoffs

House Defies Trump By Advancing $8BN New Ukraine Aid Package Late Wednesday saw President Trump receive a rare and much belated rebuke from the House of Representatives as it voted to pass a war powers resolution related to Iran. The passed resolution directs the withdrawal of US troops from armed hostilities with Iran, in a closely divided 215–208 vote, aided by four Republicans. But this wasn't the only Trump-defying vote that took place Wednesday, as The Hill reports: "Six Republicans joined Democrats on Wednesday to push through a vote on military aid...

Minnesota 'Culture Of Fraud' Enabled More Than $9 Billion In Misused Taxpayer Funds, Panel Says Authored by Janice Hisle via The Epoch Times (emphasis ours), A “culture of fraud” infected Minnesota state agencies, resulting in more than $9 billion in taxpayers’ money squandered, a new legislative report says. State Rep. Pam Altendorf listens as fellow Republican Rep. Isaac Schultz discusses a report released at a meeting of a fraud prevention committee in the Capitol in St. Paul, Minn., on May 13, 2026. Livestream from the Minnesota House of Representatives/Screenshot via The Epoch...

Key Events This Week: PPI, Industrial Production, Q1 Earnings, Iran War When it comes to the week ahead, clearly the Iran conflict will be the main focus, but there are a few other things to look out on the calendar. First, the Q1 earnings season will start to kick off, with this week’s releases including several US financials. DB's equity strategists have a full preview, and they argue that the bottom up-analyst consensus for S&P 500 earnings growth accelerating into the mid-teens (16%) is justified by a favorable macro environment (full...