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The exes co-parent daughter True and son Tatum. Thompson also fathered sons Prince and Theo with Jordan Craig and Maralee Nichols, respectively.

From Selena Gomez to Sabrina Carpenter, these earrings pierce through the noise for A-list shoppers.

From Selena Gomez to Sabrina Carpenter, these earrings pierce through the noise for A-list shoppers.

A T. rex named Gus is set to be auctioned with the highest estimate ever placed on a dinosaur.

Stellar 7 Year Auction Sees 3rd Highest Foreign Award On Record

In the week's final coupon auction, the US Treasury sold $44 billion in 7 Year notes to stellar demand. 

Extending on the strength yesterday's solid (if tailing) 5 Year auction, today's 7 Year sale printed at a high yield of 4.290%, up from 4.175% and the highest since Jan 2025. It also stopped through the When Issued 4.291% by 0.1bps, the first stop through since December 2025.

The bid to cover was 2.518, up from 2.513 and the highest since July 2025; it was obviously higher than the six-auction average of 2.478.

The internals were stellar, with Indirects surging from April's los 58.35% to a stunning 78.39%, the 3rd highest indirect award on record!

Naturally, for Indirects to soar this much, one of the other two categories had to drop, and sure enough Directs plunged from 30.01% to 11.19%, the lowest since December 2024. Dealers were left largely unchanged at 10.42%, down from 11.64%.

Overall, this was a fitting close to a solid week for Treasury auctions, as today's 7Y auction was an absolutely blockbuster, with all metrics stronger but it was the surge in foreign demand that was the showstopper. It appears that EMs are no longer dumping US paper - which they did in record mounts in March and April - to fund oil purchases and to prevent their currencies from crashing. 

Tyler Durden Thu, 05/28/2026 - 13:22

Wild viral footage shows a corpse falling out a casket as it was being carried by pallbearers to its final resting place.

Keep checking back for the best deals on Football tickets, insider stadium information and can't-miss giveaways!

"You literally have no experience," one heckler claimed.

The kind role that’ll immediately make Malek “click” for those who haven’t yet meshed with his appeal.

Oura just gave it's hit smart ring design a serious glow up — here's what's new.

It’s time to get that bread — better bread, that is.

If anything, the Knicks have provided a glimpse of the attention that could follow if Glenn and the Jets find a way to create some magic of their own.

Boomer Esiason isn't backing down from his Abdul Carter eruption.

According to the FDA, products containing undisclosed sildenafil can pose health risks to consumers.

The release of the film comes amid the release of numerous UFO files from the US government over the last few months.

The release of the film comes amid the release of numerous UFO files from the US government over the last few months.

Get set for a blue micromoon this weekend — a blue moon that’s also the most distant and smallest-looking full moon of the year.

EU Wants Crisis Powers To Seize Control Of Chip Supplies, Seeks Restrictions On Chinese Imports

The EU - which is badly lagging the rest of the world when it comes to AI development - is preparing sweeping emergency powers to intervene in Europe’s semiconductor supply chains during shortages, including by forcing chipmakers to override existing contracts, the FT reported. So much for the sanctity of those "contract-backed" backlogs... 

The draft law also enables common purchasing to boost the bloc’s negotiating power, and would mark a clear expansion of the EU’s powers to intervene directly in industrial supply chains.

Amid tensions between Beijing and Washington, there are growing fears in Europe that semiconductors can become a tool of economic coercion, heightened by European reliance on Taiwan for high-performance chips.

The clearest example of Europe's heavy hand was laid bare last year when the Dutch government took control of chipmaker Nexperia from its Chinese owner over concerns that it was moving production and assets out of Europe. The flow of chips from Nexperia’s China arm slowed dramatically, forcing some European car companies to reduce production.

The Dutch government last year took control of chipmaker Nexperia from its Chinese owner over concerns it was moving production out of Europe

The draft law, which is still subject to change ahead of its expected publication next week, would allow the European Commission far-reaching powers in the event of semiconductor shortages that threaten supplies of weapons, medical devices, digital infrastructure and other key categories of goods. In such a crisis, the Commission could impose fines of up to €300,000 on companies that fail to provide requested information on their supply-chain capacity. It could also “force semiconductor manufacturers to prioritize orders for crisis-critical products, overriding existing contracts”, the draft reads.

Brussels could also enable common purchasing to “strengthen negotiating power and prevent competition between EU countries for limited supplies”. The Commission would then act as a central buyer for multiple EU countries, as it did to acquire vaccines during the pandemic.

According to the FT, the so-called Chips Act forms part of a wider push from the bloc to reduce its dependence on US technology by backing European alternatives in sectors from semiconductors and cloud computing to AI. In the document, Brussels acknowledges that the bloc is “almost entirely dependent on the US and Asia” for the most advanced chips.

Semiconductor supply chains are vast and complex, with a typical Nvidia system tapping thousands of suppliers in dozens of countries. And yet, the EU currently produces less than 10% of global semiconductors. Earlier plans to double the EU’s global market share in semiconductors by 2030 are far behind schedule.

The bloc, like the rest of the world, is overwhelmingly dependent on Taiwan for its supply of high-performance chips, with the home of semiconductor company TSMC accounting for more than 90 per cent of leading-edge chip manufacturing. China has made repeated threats to use force against Taiwan if Taipei continues to resist its sovereignty claims. Any conflict in the region could cause global shortages of components critical to electronics from smartphones and AI data centres to cars and medical gear. 

Separately, the Guardian reports that EU commissioners will meet on Friday for talks aimed at imposing new restrictions on imports from China amid growing concern that Beijing is fuelling conditions for US-style rust belt towns in Europe.

The surge in imports of everything from electric cars to key components in machines, medical devices and food stuffs - which many including us warned long ago would lead to collapsing European domestic production as Chinese exports are dumped in European markets and overwhelm local producers - has been dubbed China Shock 2.0, potentially mirroring the experience in the US 25 years ago when Beijing joined the World Trade Organization.

Ironically, it was the Trump administration which warned that Europe's attempts to offset US sanctions by overreliance on China, would lead to just this outcome. Well, Europe is now there. 

Commissioners representing each member state have been asked to bring examples of Chinese activities in all 27 portfolios, spanning trade to agriculture, defence, health and digital initiatives to the talks. While no decisions would be taken on Friday but the talks would help “align” the commission’s thinking and address overproduction in China, which is leading imports into the EU to be sometimes up to 40% cheaper than local products.

It will also feed into the next leaders summit on 18 June when China will be one of the handful of items on the agenda.

Ignacio García Bercero, a senior fellow at the Brussels thinktank Bruegel and a former official at the European Commission’s trade department, said the EU needed to formulate “a clearer strategy about how to deal with China”.

He said quotas and tariff rate quotas could be introduced on Chinese goods, as they were safeguards that were much faster to implement than tariffs and could focus on areas that China is targeting, such as hybrid cars and chemical components.

“I think that sometimes there’s a little bit of a tendency to sound very tough, but then not to act tough, and I don’t think that is a clever way to handle things.”

He said while showing it was prepared to act, the EU must also engage with China.

“The US has an engagement with China, Canada has an engagement with China. Everyone is having an engagement with China. I think in my view … we need to find a way to make sure that we are properly respected by China when we have that engagement.”

Earlier this month industry leaders told the Guardian of fears that EU factories would cannabilise themselves through their reliance on Chinese components, an issue which rarely makes the headlines.

Longer term, the EU could also look to a slew of laws: its never used anti-coercion instrument; legislation such as the cybersecurity act 2.0 that could stop procurement of certain Chinese products and the industrial accelerator act commonly known as the “made in EU” law.

Grzegorz Stec, the head of the Brussels office of the Mercator Institute for China Studies (Merics), said China has not set out to destroy European business but it is potentially the consequence of its steeling focus of the survival of its own industries now, and into a post-AI world future.

Tyler Durden Thu, 05/28/2026 - 13:00

DOJ Urges Supreme Court To Take Up Case That Could Lead To Pre-Election Voter Roll Cleanups

Authored by Matthew Vadum via The Epoch Times,

The U.S. Department of Justice (DOJ) has urged the U.S. Supreme Court to hear a case that could determine whether states are allowed to remove noncitizens from their voter rolls in the 90 days leading up to an election.

In the case, the DOJ argues that the National Voter Registration Act (NVRA) of 1993 does not prevent states from taking noncitizens off voter rolls before elections.

The National Voter Registration Act is also known as the Motor-Voter law because it allows people to register to vote with relative ease at motor vehicle agencies and government offices. The NVRA requires states to make a reasonable effort to remove ineligible individuals’ names from voter rolls, but a federal appeals court ruled that names cannot be removed in the 90 days before an election.

The DOJ made its argument on May 26 in a brief urging the high court to grant the petition in Republican National Committee (RNC) v. Mi Familia Vota.

If the Supreme Court grants the RNC’s petition, states may be allowed to purge voter rolls close to elections.

Arizona law allows only U.S. citizens to vote in federal elections. It requires people registering to vote to produce documentary proof of citizenship, such as a passport, birth certificate, or naturalization papers. It also allows the names of noncitizens to be removed from voter rolls.

If election officials procure “information” from periodic inspections of the state’s voter rolls that confirm a “person registered is not a United States citizen,” they “cancel the registration,” according to the brief.

A 2018 consent decree, reached as part of a court-enforced settlement from a previous lawsuit, required the state to register applicants who lack proof of citizenship as “federal-only” voters who could participate in federal elections but not state or local elections. A consent decree is a legally binding court-enforced settlement made with the consent of the litigants.

Mi Familia Vota and other groups sued, alleging that the Arizona law violates the NVRA and the consent decree.

A federal district court ruled mostly for the plaintiffs, issuing an injunction that blocked certain parts of the state law, including the proof of citizenship requirement, the brief said.

The Supreme Court in August 2024 issued a partial stay of the district court order that allowed Arizona to continue to enforce its proof of citizenship requirement when voters register using state forms.

In February 2025, the U.S. Court of Appeals for the Ninth Circuit upheld the injunction, finding that the consent decree blocks the proof of citizenship requirement and that the NVRA preempts, or supersedes, the requirement—among other things. The appeals court also blocked the removal of names from the voter rolls in the 90-day run-up to an election, a practice it said the NVRA already forbids, according to the brief.

The Supreme Court’s partial stay prevails over the Ninth Circuit’s block of the proof of citizenship requirement. The high court’s stay will remain in effect until the circuit court disposes of the appeal, or the Supreme Court issues a final decision or denies the RNC’s petition for review.

Does Not Apply to Noncitizens: DOJ

The DOJ argues in its brief that the NVRA’s restrictions on taking individuals’ names off the list of eligible voters in the 90 days preceding an election “do not apply to noncitizens who were never eligible to register in the first place.”

The Ninth Circuit’s ruling to the contrary is “badly mistaken,” deepens a split among federal courts of appeals, and “risks significant harm,” said Hashim Mooppan, filing as acting U.S. solicitor general for the purposes of this case. Solicitor General D. John Sauer himself is recused in the case.

Using the reasoning of the Ninth Circuit, “a State could never remove a noncitizen from its voter rolls once registered,” he said.

“That cannot be correct and cries out for reversal,” Mooppan said, urging the Supreme Court to grant the RNC’s petition.

Although the current federal voter registration form requires only that applicants attest that they are citizens, the NVRA gives states the flexibility to mandate that applicants supply documentary proof of citizenship when using state voter registration forms, he said.

Mooppan said the Supreme Court in Arizona v. Inter Tribal Council of Arizona Inc. (2013) gave Arizona’s prior proof of citizenship requirement as an “example” of the rule that “state-developed forms may require information the Federal Form does not.”

The Ninth Circuit’s decision “cannot be reconciled” with this precedent, and the majority on the circuit panel “did not even try,” he said.

The RNC’s petition “presents both of these questions and provides a good vehicle to address them,” Mooppan said.

It is unclear when the Supreme Court will consider the petition.

The Epoch Times contacted the RNC’s attorney, Gilbert Dickey of Consovoy McCarthy in Arlington, Virginia, and Mi Familia Vota’s attorney, David Fox of Elias Law Group in Washington, for comment. No replies were received by publication time.

Tyler Durden Thu, 05/28/2026 - 12:45

Consumer Isn't Dead Yet: US Retail Stocks Surge As Resilient Shoppers Surprise Markets

The S&P Retail Select Industry Index rose more than 1% Thursday morning as shares of Kohl's, Best Buy, and Dollar Tree surged on better-than-expected earnings results. Results suggest the U.S. consumer was stronger than feared in the prior quarter, even as households were battered by a fuel-price shock at the pump, persistent inflation, and softening confidence, which has led to them draining what little savings they have left.

As Bloomberg notes, the three chains operate in very different parts of the retail sector, yet all surprised investors to the upside in a sign of strength by US consumers who are facing multiple hurdles. Here are the earnings highlights from this morning:

• Kohl's comparable sales declined 1.1%, beating the estimated decline of 1.71%
• Best Buy reported first-quarter sales of $8.9 billion, beating analyst estimates, with comparable sales rising 2%
• Dollar Tree boosted comparable sales 3.5% in the first quarter, topping estimates, driven by a 4.5% gain in average transaction

The result was a surge in their respective stock prices: 

With gas prices soaring since the start of the war in Iran, and workers worried about the impact of artificial intelligence amid still elevated inflation, consumer confidence has collapsed. And yet, Americans are still opening their wallets. US data released Thursday showed that consumer spending edged up in April despite accelerated price increases. In fact, spending growth is now drastically outpacing income growth, in a trend that is certainly unsustainable and the only buffer - personal savings - is rapidly being depleted.

This is unsustainable: personal spending growth is surging while income growth is collapsing, resulting in an extremely rapid drain of personal savings https://t.co/uXTN4wOKNp pic.twitter.com/d0uujZknU0

— zerohedge (@zerohedge) May 28, 2026

At Kohl’s, stronger-than-expected sales boosted the department-store chain’s turnaround. Electronics seller Best Buy said revenue across major categories gained and this month was off to a strong start. Dollar Tree highlighted that customers spent more per transaction.

“Across all income levels, customers are value focused and definitely prioritizing affordability,” Dollar Tree CEO Creedon said on the earnings call.

Shares of all three retailers jumped on Thursday. Kohl’s soared 25%, followed by Dollar Tree with a 16% advance and Best Buy at a roughly 8% gain.

Despite these results, retailers and consumer brands have been saying throughout this earnings season that there is plenty to worry about. S&P Retail Select Industry Index has been range bound since mid-2025. 

Last week, big-box retailers including Target and Walmart signaled that shoppers remain resilient despite years of elevated inflation. But higher prices on essentials like groceries and gas have squeezed shoppers’ discretionary budgets, pushing them to trade down to cheaper brands and cut back on less essential purchases. Earlier, new personal savings rate data showed that Americans are frantically digging into their savings to keep up with inflation.

Earlier this month, Kraft Heinz CEO Steve Cahillane said lower-income Americans were “literally running out of money at the end of the month” because of higher costs, especially gasoline. 

At Dollar Tree, its lower-income customers are visiting less because of their pressured finances, wrote Neil Saunders, managing director of GlobalData, in a note to clients. The retailer boosted comparable-store sales last quarter 3.5%, but that growth came from a gain in shoppers spending more on each transaction as the number of purchases fell 1%. 

“The trips they’ve cut out are those of a more discretionary nature which, on some level, is pleasing because they’re still using Dollar Tree for essentials,” Saunders said. 

Meanwhile, Burlington Stores shares tumbled 14%, the most since May 2022, despite beating Bloomberg Consensus estimates.

Some chains have kept prices low amid their own rising costs to maintain market share. But it’s not clear how long they can maintaining that strategy. Walmart warned last week that if fuel prices stay at current levels, prices across the board could rise throughout the year.

While wealthier shoppers have been the driving force behind the US consumer economy for some time, even they are feeling pressure and increasingly trading down to cheaper options. Dollar Tree and other low-priced chains have been courting higher-income shoppers, often with great success. That’s a good outcome for these retailers, but raises doubts about the sustainability of these spending levels.

US consumer confidence edged down this month amid anxiety over the economy, according to the Conference Board. Two-thirds of shoppers reported cutting back on spending due rising prices, with many respondents saying they are delaying expensive purchases and buying cheaper versions of the same item.

Tyler Durden Thu, 05/28/2026 - 12:30