President Donald Trump endorses Texas Attorney General Ken Paxton over Sen. John Cornyn in the GOP Senate runoff, intensifying a high-stakes primary ahead of the May 26 vote. The endorsement challenges Cornyn's long Senate career and sets the stage for a contentious general election against Democrat James Talarico.
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The S&P 500 and Nasdaq hit record highs Wednesday as investors remain optimistic despite ongoing Iran conflict and rising energy prices. Strong corporate earnings and expectations of de-escalation in the Middle East have fueled the rally.
A ceasefire between the U.S. and Iran has eased tensions but gas prices remain high amid uncertainty over the Strait of Hormuz. Experts say any relief at the pump could take weeks and may reverse if the truce falters.
An American-born Israeli soldier, Sgt. Moshe Yitzchak Hacohen Katz, was killed in combat in southern Lebanon amid ongoing hostilities between Israel and Hezbollah, with details of his death undisclosed. The conflict, which has caused nearly 1,200 deaths in Lebanon and significant displacement of over one million people, has intensified as Israel expands its military campaign to establish a security zone along the border. Humanitarian concerns have been raised by the UN and aid organizations, urging a ceasefire to prevent further escalation and suffering.
Oil futures experienced a sharp surge in trading volume just before President Trump announced "productive" peace talks with Iran, causing oil prices to drop and stock markets to rise, though the timing has raised suspicions of potential insider trading. The ongoing U.S.-Iran conflict has driven significant volatility in oil prices, with Brent and WTI crude rising over 30%, amid disruptions in the Strait of Hormuz and mixed signals about peace negotiations. This geopolitical uncertainty continues to fuel market instability, influencing inflation expectations and central bank policies while prompting offers of mediation and fluctuating investor confidence.
A Southern University student, Caleb Wilson, died following a fraternity pledging event, leading to the arrest of 23-year-old Caleb McCray on charges of manslaughter and criminal hazing. The incident, linked to the Omega Psi Phi fraternity, involved Wilson being punched in the chest multiple times, raising concerns about the safety and oversight of off-campus fraternity activities. As the investigation continues, the university community is dealing with the tragedy and its implications, while discussions about fraternity culture and student safety gain momentum.
Nearly 1% of the population in Gaza has died as a result of the conflict between Israel and Hamas, with 85% of the population displaced and half a million people starving. The UN has called for an immediate ceasefire to prevent further destruction and loss of life.
The NBA has suspended Golden State Warriors forward Draymond Green indefinitely after he struck Phoenix Suns center Jusuf Nurkic in the face during Tuesday night's game. Joe Dumars, the league's Executive Vice President and Head of Basketball Operations, announced the suspension less than 24 hours after the incident, citing Green's repeated history of unsportsmanlike acts. Warriors coach Steve Kerr expressed disappointment with the suspension, but the NBA and the Warriors will continue to monitor the situation and make a decision when the time is right.