Trump Announces Release of American Held By Russia

Iran Fires 'Warning Shots' On 'Unauthorized' Vessels Trying To Traverse Hormuz Strait Summary Rtrs citing Iran's Fars: Iran's armed forces carries out a missile launch operation from southern regions of the country toward specified targets. Reports of US ships targeted (unconfirmed); also 'warning shots' fired on 'illicit' vessels. Per Axios: "U.S. and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program, but President Trump has yet to give it his final approval." Unconfirmed reports of Ayatollah denial of MOU. Saudi state media reports...

55% Of Democrats Would Prefer Living Outside The US; Survey Finds Authored by Bryan Hyde via American Greatness, A poll conducted last month shows 55 percent of Democrats answering affirmatively when asked "Is there any other country on Earth you would rather live in than the United States today?" Breitbart reports that the Elon University/YouGov America 250 National Survey conducted between April 30 and May 4 asked 1,000 US adults ages 18 and older about their feelings as the nation prepares to celebrate its 250th year. Thirty-eight percent of Independents answered yes while...

Kimi, Crude, & Carney: Rabobank Sums Up The Geopolitical Chaos Authored by Molly Schwartz, Rabobank cross-asset macro strategist, Trading Playbooks The advancement of one of China’s AI models, Kimi, has sharpened attention on the latest US plans to counter China’s growing AI challenge. Kimi is reportedly more powerful than several US flagship models, though not yet as powerful what lies on the frontier. However, Kimi operates at a fraction of the cost per token. That cost advantage raises the competitive threat to US AI leadership more broadly, including for other leading firms...