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Fed Reserve holds rates steady for third time this year, as Powell transition nears

The Federal Reserve chose to keep interest rates unchanged on Wednesday, extending a pause that has now lasted three consecutive meetings in 2026. The decision comes as policymakers confront rising inflation tied to a surge in global energy prices following the Iran war, alongside uneven economic growth and hiring.

Officials voted to maintain the benchmark rate between 3.5% and 3.75%, though the decision exposed rare divisions within the central bank. One governor supported a modest rate cut, while several others objected to signaling any leaning toward future easing. The split marked the most internal dissent in decades, highlighting growing uncertainty about the path forward.

The Fed acknowledged that inflation remains elevated, driven in part by higher oil costs, and warned that ongoing geopolitical tensions are adding to economic “uncertainty.” At the same time, job growth has been inconsistent, leaving policymakers to balance the risk of slowing the economy against the danger of allowing inflation to accelerate further.

Meanwhile, the broader economic backdrop has grown more challenging. Since the outbreak of the Iran conflict, energy prices have surged, pushing U.S. gasoline prices sharply higher and fueling inflation. Consumer prices recently posted their fastest annual increase in nearly two years, with a particularly steep jump in fuel costs. The spike in energy expenses is beginning to weigh on household budgets, prompting some consumers to scale back spending—especially on big-ticket items. Because consumer spending drives the majority of U.S. economic activity, any pullback could dampen growth.

Economists warn that the Fed is navigating a difficult scenario often described as “stagflation,” where inflation remains high even as growth slows. Cutting rates could stimulate the economy but risk worsening inflation, while raising rates might curb price increases at the expense of further slowing activity. Many analysts believe rate cuts are unlikely this year unless economic conditions deteriorate significantly, particularly in the labor market. As one expert noted, “Although the Federal Reserve continues to focus on bringing inflation down to its long-term 2% target, current geopolitical tensions have complicated this task, as evidenced by a 0.9% increase in consumer prices last month.”

This meeting is widely expected to be the final one led by Chair Jerome Powell, whose term ends May 15. His potential successor, Kevin Warsh, has cleared a key Senate committee vote and is awaiting confirmation by the full Senate. Powell has said he would remain in the role until a replacement is confirmed, and could continue serving on the Fed’s board through 2028, though his long-term plans remain unclear. The leadership transition has been complicated by a now-closed Justice Department investigation into Powell’s congressional testimony regarding building renovation costs. While the probe has been dropped, questions linger about whether the matter is fully resolved.

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Supreme Court strikes down Louisiana’s congressional map, further weakens Voting Rights Act

The Supreme Court issued a major decision on Wednesday that significantly limits how race can be used when drawing electoral maps, striking down Louisiana’s congressional district plan and narrowing the scope of the Voting Rights Act in the process.

In a 6-3 ruling divided along ideological lines, the court determined that Louisiana’s revised map—created to comply with Section 2 of the Voting Rights Act—relied too heavily on race and therefore amounted to an unconstitutional racial gerrymander. Writing for the majority, Justice Samuel Alito said that although rare exceptions might exist, this case did not meet the threshold to justify considering race in the redistricting process. Alito wrote: “Because the Voting Rights Act did not require Louisiana to create an additional majority-minority district, no compelling interest justified the state’s use of race in creating SB8. That map is an unconstitutional gerrymander, and its use would violate the plaintiffs’ constitutional rights.”

The case stems from Louisiana’s post-2020 census redistricting. The state initially approved a map with only one majority-Black district out of six, despite Black residents making up roughly one-third of the population. A lower court found that plan violated the Voting Rights Act, prompting lawmakers to create a second majority-Black district in 2024. The Supreme Court, however, ruled that fix unconstitutional as well—this time because race played too central a role.

The ruling forces Louisiana to redraw its map yet again, just weeks before its May 16 primary, and could have ripple effects nationwide. It raises the bar for legal challenges under Section 2, making it harder for minority voters and advocacy groups to contest maps they believe weaken their electoral influence.

Alito emphasized that constitutional protections generally prohibit race-based decision-making, stating that such considerations should be nearly nonexistent in government actions. The majority also pointed to broader societal changes in the South and prior rulings that allow partisan gerrymandering, suggesting states could defend maps as politically motivated rather than racially driven. Concurring, Justice Clarence Thomas argued the decision should “largely put an end” to drawing districts based on race altogether.

However, the court’s liberal justices strongly disagreed. In a dissent, Justice Elena Kagan warned that the ruling weakens a key safeguard against voter discrimination, writing that it “renders Section 2 all but a dead letter.” She added, “Under the court’s new view of Section 2, a state can, without legal consequence, systematically dilute minority citizens’ voting power.”

Voting rights advocates fear the decision could reduce the number of majority-minority districts, potentially leading to fewer elected officials from underrepresented communities. Some experts also believe it may discourage future legal challenges, as proving intentional discrimination—a higher standard emphasized by the court—can be difficult. At the same time, Louisiana officials and the White House praised the outcome. State Attorney General Liz Murrill described the ruling as “seismic,” arguing it confirms that race can only be used in redistricting under very limited circumstances. A White House spokesperson called it “a complete and total victory for American voters,” adding: “The color of one’s skin should not dictate which congressional district you belong in.”

The decision marks the latest in a series of rulings that have chipped away at the Voting Rights Act, following earlier decisions in 2013 and 2021. While a 2023 case briefly reinforced the law, this latest ruling signals a shift toward a stricter interpretation of constitutional limits on race in policymaking.

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Jon Bernthal returns to headline new ‘Punisher’ Disney+ special on May 12

Jon Bernthal is stepping back into the role of Frank Castle for a new Marvel Special Presentation, The Punisher: One Last Kill, arriving on Disney+ on May 12. The announcement came alongside a first-look image, though story details and additional casting remain under wraps.

The standalone special will debut the same day as the Season 2 finale of Daredevil: Born Again, placing it within Marvel’s growing lineup of interconnected stories. Like earlier specials such as Werewolf by Night and The Guardians of the Galaxy Holiday Special, it’s expected to deliver a more focused, cinematic experience. Bernthal not only stars but also co-wrote the project with Reinaldo Marcus Green, who directs.

Bernthal first introduced audiences to the ruthless antihero in 2016 during Season 2 of Daredevil, starring alongside Charlie Cox as Matt Murdock. The character’s popularity quickly led to a two-season run of The Punisher from 2017 to 2019. Now firmly integrated into the Marvel Cinematic Universe, Castle recently reappeared in Daredevil: Born Again, where he reunited with Murdock to confront the rise of crime boss Wilson Fisk, played by Vincent D’Onofrio. The revival series also brings back familiar faces, including Deborah Ann Woll, Elden Henson, Ayelet Zurer, and Wilson Bethel, continuing the story of New York’s street-level heroes. The show has proven successful enough to earn a Season 3 renewal.

Beyond the Disney+ special, Bernthal’s Punisher is set to expand his MCU presence even further with an appearance in Spider-Man: Brand New Day, joining Tom Holland along with returning characters portrayed by Mark Ruffalo and Michael Mando.

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P!nk to host 2026 Tony Awards ceremony

Singer-songwriter P!nk is stepping into new role this year as host of the 79th Annual Tony Awards, which honors the best of Broadway.

Announcing the news with humor on Instagram, P!nk wrote alongside a clip of herself dressed in 1920s attire attempting to sneak a toe onto the stage during a performance of The Great Gatsby: “When I was asked to host @thetonyawards, my first question was — don’t you need to have been on Broadway for this? So I went ahead and fixed that. Kind of. And now I’m hosting the Tony Awards!! The Broadway community is the hardest working in showbiz. They show up every single night, sometimes twice, and make absolute magic. I cannot wait to celebrate them all with you on Sunday June 7th on CBS.”

Following recent hosts Cynthia Erivo and Ariana DeBose, P!nk brings a different background to the role, as she has never performed on Broadway. Still, she has long admired the theater world and says it has influenced her own live performances. “It is the honor of an entire lifetime to host a night celebrating the literal hardest working people in showbiz,” she said. “Broadway has shaped my life and how I put my own shows together – it is a community that is supportive, and inclusive, and full of talent and love. These people give magic every single day, and I cannot wait to celebrate them with the entire world.”

P!nk has even relocated her family to New York, partly to support her daughter Willow’s growing interest in theater and a possible Broadway future. She shares: “When I was asked to host the Tonys, I immediately thought, ‘I have to get permission from my daughter.’ I’ve never been on Broadway, and shouldn’t you have to have been on Broadway in order to host? That seems fair and right. But when I asked my daughter, she was really excited about being able to have a ticket to go to the Tonys, so I’m hosting the Tonys and I’m really, really excited.”

Tony organizers Heather Hitchens and Jason Laks said in a statement: “Each year, the Tony Awards creates new theater fans around the world, expanding Broadway’s reach and shaping its future. Over the course of her extraordinary career, Pink has built one of the most passionate and enduring fan communities in the history of popular music, given her a unique ability to bring even more people into this growing family. Simply put: we could not be more excited to get this party started.”

The Tony Awards ceremony will take place June 7 at Radio City Music Hall, airing live on CBS at 8 p.m. ET/5 p.m. PT and streaming on Paramount+. Nominations are set to be announced on May 5.

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Justice Department indicts ex-FBI Director James Comey for alleged threats against Pres. Trump

Former FBI director James Comey has once again been indicted, this time over a social media post that authorities say may have been interpreted as a threat toward President Donald Trump. The latest indictment underscores the controversy and ongoing tensions between Trump and Comey, whose relationship has been strained since Trump fired him as FBI director in 2017, a move that led to the appointment of special counsel Robert Mueller.

The latest case centers on a now-deleted Instagram photo shared in May 2025, showing seashells arranged to form the numbers “8647.” At the time, Trump and his allies argued the image suggested harm against him, with Trump claiming it amounted to “calling for the assassination of the president.” The number combination has circulated among critics of Trump, drawing on slang where “86” can mean to remove or get rid of something, paired with Trump’s status as the 47th president.

Comey quickly pushed back on that interpretation. In a follow-up message, he wrote, “I didn’t realize some folks associate those numbers with violence,” adding that he removed the post because “I oppose violence of any kind.” He later explained he believed the shells were simply a political message he encountered during a beach walk.

Despite that explanation, the post triggered a federal investigation. The United States Secret Service questioned Comey for hours, and the Department of Homeland Security also examined the matter. Prosecutors have now secured a new indictment in North Carolina, where Comey owns property.

This marks the second time Comey has faced federal charges since Trump returned to office in 2025. A previous case accusing him of making false statements to Congress and obstruction was dismissed after a judge ruled that the prosecutor, Lindsey Halligan, had been improperly appointed.

The renewed prosecution comes amid a broader push by the United States Department of Justice to pursue figures seen as political adversaries of Trump. The effort has drawn attention following other investigations and indictments involving high-profile figures, though some of those cases have also been dropped or declined due to legal concerns.

Legal experts note that proving the Instagram post constitutes a true threat could be difficult. Courts generally require evidence that a person intended—or clearly understood—their words would be seen as threatening. That standard may become central as the case moves forward, particularly given the broader use of “8647” in political protest messaging.

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King Charles III meets with Pres. Trump at White House, stresses U.S.–U.K. unity in speech to Congress

King Charles III used a historic appearance before a joint session of Congress to highlight the enduring bond between the United Kingdom and the United States, urging both nations to strengthen their partnership at a time of global uncertainty and political strain. King Charles’ appearance marks only the second time a British monarch has addressed Congress, the first being Queen Elizabeth II in 1991.

The visit from King Charles, which marks the 250th anniversary of the Declaration of Independence, is both symbolic and diplomatic. Charles and Queen Camilla were welcomed earlier with a formal ceremony at the White House, and attended a state dinner hosted by President Trump and First Lady Melania Trump.

In his speech before Congress lasting roughly half an hour, the king emphasized that while the two countries have not always agreed, their shared foundation in democracy and rule of law has repeatedly brought them back together. He described the relationship as “truly unique” and rooted in common traditions that have evolved into “one of the greatest alliances in human history.”

The address comes during a period of tension between the allies, as President Donald Trump has publicly criticized Britain, its military, and Prime Minister Keir Starmer. Without directly confronting those disputes, Charles called for “reconciliation and renewal” of the trans-Atlantic alliance and stressed the importance of standing united in defense of democratic values.

Charles pointed to modern global challenges as too complex for any nation to handle alone, warning that today’s world is “more volatile and more dangerous” than in decades past. Reinforcing the need for cooperation, he highlighted support for NATO and Ukraine, and underscored the importance of protecting principles such as tolerance, freedom, and equality. At one point, the chamber responded with a strong standing ovation when Charles declared that “executive power is subject to checks and balances,” referencing democratic traditions rooted in British history, including Magna Carta and its influence on American law.

The King also reflected on the long arc of shared history, recalling that his grandfather, King George VI, visited the U.S. in 1939 as Europe faced the rise of fascism. Despite early divisions, Charles noted, “Our shared values prevailed,” adding that those same ideals remain essential today.

Touching on recent events, he acknowledged political divisions in the United States and referred to a recent security incident in Washington, condemning violence and affirming unity in protecting democratic institutions. “Such acts of violence will never succeed,” he said, drawing applause from lawmakers.

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Netflix reimagines ‘Lord of the Flies’ in new limited series

Netflix has unveiled a gripping preview of its upcoming four-part adaptation of Lord of the Flies, bringing ‘Lord of the Flies’ to television for the first time. The series, written by Jack Thorne and directed by Marc Munden, premieres May 4.

The newly released trailer opens with a plane crash that leaves a group of English schoolboys stranded on a remote island. At first, they try to maintain order, but their fragile sense of civility quickly erodes. As tensions rise, rival factions take shape, leading to chaos and brutality. The story explores how “innocence descends into savagery when a group of English schoolboys becomes desert island castaways.”

The cast includes Winston Sawyers as Ralph, Lox Pratt as Jack, David McKenna as Piggy, and Ike Talbut as Simon, alongside a large ensemble portraying the island’s “biguns” and “littluns.” The trailer highlights the boys’ struggle to survive, punctuated by chilling chants like “Kill the beast!” and “Cut his throat!”—a sign of their rapid descent into violence. One character ominously declares, “We all have to kill the beast.”

Thorne has said the project taps into modern concerns about young boys and the influences shaping them today, suggesting the story’s themes remain deeply relevant. With a score by Hans Zimmer, Kara Talve, and Cristobal Tapia de Veer, the series promises a tense, atmospheric retelling of a classic tale about human nature under pressure. All four episodes will be available to stream when the series debuts on May 4th

See the trailer for Netflix’s Lord of the Flies: HERE.

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Laura Dern joins Season 4 of HBO’s ‘The White Lotus’ after Helena Bonham Carter’s departure

Laura Dern is officially boarding Season 4 of The White Lotus, stepping in after Helena Bonham Carter’s recent departure from the HBO series. Reports indicate Carter exited shortly after production began because her role “did not align once on set.” Rather than inheriting that part, Dern will portray an entirely new character crafted specifically for her.  Deadline was first to report the news of Dern’s casting.

Production on the upcoming season is already underway in France, with the story unfolding during the Cannes Film Festival. As in previous installments, the narrative will follow a fresh group of wealthy guests and hotel staff over the course of a week. Filming locations include luxury properties in the south of France, with settings inspired by Saint-Tropez and Cannes, and additional scenes planned in Monaco and Paris.

The ensemble cast in Season 4 features names including as Vincent Cassel, Steve Coogan, Ari Graynor, Alexander Ludwig, Chris Messina, Kumail Nanjiani, Chloe Bennet, Sandra Bernhard, Heather Graham, Max Greenfield, Rosie Perez, Ben Schnetzer, and Laura Smet, among others.

Series creator Mike White continues to write, direct, and executive produce the show, alongside David Bernad and Mark Kamine. Dern’s casting marks a reunion with White, with whom she previously collaborated on Enlightened—earning a Golden Globe—and the film Year of the Dog. She also has prior ties to The White Lotus, having voiced an off-screen character in Season 2.

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Florida Gov. Ron DeSantis proposes revised congressional map targeting four Democratic seats

Florida Gov. Ron DeSantis has introduced a newly redrawn congressional map that could significantly boost Republican representation in the state, potentially adding up to four GOP-held seats if approved. The proposal now heads to the Republican-controlled state legislature, where lawmakers are expected to take it up during a special session ahead of the 2026 midterm elections.

The plan would reshape Florida’s current congressional balance, which stands at 20 Republicans and seven Democrats, with one Democratic seat recently vacated. Under the new layout, projections suggest as many as 24 districts could lean Republican, compared to just four favoring Democrats.

DeSantis framed the move as a response to population growth and shifting political dynamics. “Florida got shortchanged in the 2020 Census, and we’ve been fighting for fair representation ever since,” he said, emphasizing that the state’s voter base has swung to a sizable Republican advantage. He also argued that existing districts rely too heavily on race-based considerations, which he called unconstitutional. According to sources familiar with the plan, DeSantis has been preparing for this effort for some time, and say it is rooted more in demographic changes than recent political developments elsewhere. Still, the timing aligns with a broader national push by both parties to redraw maps mid-decade in an effort to gain an edge in Congress.

That larger fight has been fueled by actions in other states. In Virginia, voters recently approved a measure that could dramatically favor Democrats in future elections, while California has also implemented changes expected to strengthen Democratic representation. These moves have intensified partisan tensions as control of the House remains closely contested.

Back in Florida, the proposal has sparked immediate backlash from Democrats, who argue it violates the state’s constitutional ban on partisan gerrymandering. Critics also warn that altering district lines could unintentionally make some traditionally safe Republican areas more competitive. Florida Democratic Party Chair Nikki Fried labeled the effort “unconstitutional gerrymandering,” while others suggested it could ultimately backfire politically. Meanwhile, Republican leaders in the state have expressed confidence that a more compact map would benefit their party. The proposed map would also significantly alter districts currently held by several Democratic representatives, particularly in regions like Tampa Bay and Orlando, citing population shifts as justification.

The special legislative session, which had already been delayed once, will also address other issues beyond redistricting, including education policies and regulations on artificial intelligence.

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Suspect in White House correspondents’ dinner shooting is charged with attempted assassination of the President

Cole Allen, a 31-year-old from Torrance, California, appeared briefly in federal court Monday after being charged in connection with the shooting at the White House Correspondents’ Association Dinner. Prosecutors allege he attempted to assassinate President Donald Trump, marking what officials describe as the third such attempt against the president.

Allen, dressed in a blue jail uniform, did not enter a plea during the hearing. He faces multiple felony charges, including attempted assassination of the president, transporting firearms and ammunition across state lines to commit a crime, and using a firearm during a violent offense. If convicted on the most serious charge, he could face life in prison. During routine questioning, Allen responded calmly with, “Yes, your honor.” Prosecutors requested he remain in custody ahead of trial, citing the severity of the incident. A detention hearing is set for Thursday, with a preliminary hearing scheduled for May 11. His defense attorney indicated they may challenge his detention, noting he has no prior criminal record.

According to authorities, Allen arrived at the Washington Hilton—where the high-profile event was held—after traveling by train from Los Angeles through Chicago. He checked into the hotel the day before the dinner. On Saturday evening, he allegedly ran through a security checkpoint carrying a 12-gauge shotgun. Officials say he was also armed with a handgun, knives, and other items.

As he moved toward the ballroom where the president and senior officials were seated, gunfire erupted. A Secret Service officer was struck, but the bullet was stopped by the agent’s protective vest. The officer returned fire, and Allen was quickly subdued by law enforcement. U.S. Attorney Jeanine Pirro said the suspect’s “intent was to bring down as many of the high-ranking cabinet officials as he could,” adding that investigators believe he acted alone. She also noted that the situation remains under investigation and additional charges could follow.

Authorities are examining Allen’s background and possible motives. Social media activity linked to him included criticism of Trump’s administration and policies. He also allegedly shared posts dismissing press freedom efforts tied to the event as “pathetic” and a “white flag … [to] wave in defeat.”

President Trump stated that Allen had written an anti-administration manifesto and described him as “a sick guy” and deeply troubled. According to officials, the suspect reportedly sent the document and an apology to family members shortly before the attack, prompting concern that was later reported to police.

Allen, who holds degrees in mechanical engineering and computer science, had worked as a tutor and in video game development. His voter registration listed no party affiliation, though records show a small political donation in 2024. A spokesperson for Bluesky, the platform where Allen was active, stated: “Violence has no place in our public discourse, and we are committed to providing people with the platform and tools to engage in healthy conversation.” The company added that it is reviewing content tied to the case for potential violations.

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