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"I yelled back and I just went for him," the mom of two said of her plan to " "meet crazy with crazy."

The two San Diego mosque shooters drove into a neighborhood and fired at a dad pushing a child in a stroller right after they perpetrated the shooting, new dashcam video revealed.

The supermodel packed a wide array of cinched, sparkling gowns for her week on the French Riviera.

The supermodel packed a wide array of cinched, sparkling gowns for her week on the French Riviera.

FOMC Minutes Preview: Look For "Easing Bias" Dissent Details Inside Powell's Hawkish Swan Song

Today's FOMC minutes, released at 2pm ET, will be closely watched for further details surrounding the increasingly hawkish split within the Committee following the April meeting, Jerome Powell's last as Fed Chair. With three voters dissenting against retaining the easing bias - and Fedʼs Collins later suggesting she would have supported removing it too - markets will look to see how broad support was for removing the easing bias, particularly after Powell said more officials now view a hike just as likely as a cut, according to Newsquawk.

Discussions around inflation risks and the labor market will also be in focus given the current macro backdrop, with the jobs market viewed as stable while inflation remains above target and faces upside risks from the Middle East conflict. Traders will also watch for any early signs of debate surrounding future balance sheet policy with Warsh set to take over as Chair from Powell. 

The April FOMC statement and vote split leaned hawkish. While outgoing Governor Miranʼs dissent in favor of a 25bps rate cut was widely expected, three voting members (plotted below) dissented against retaining the easing bias in the statement (Hammack, Kashkari, Logan).

As a reminder:

• Hammack said the easing bias was no longer appropriate given broad-based inflation pressures, higher energy prices, resilient growth and a labour market near full employment.
• Kashkari said he wanted to signal growing rate hike risks, warning that a large price shock could unanchor inflation expectations and require tighter policy to defend the Fedʼs 2% target.
• Logan dissented because she believed the Fed should not imply easing given uncertainty around the outlook, stable employment and concern about getting inflation back to 2%.

Elsewhere, the statement shifted inflation language, replacing “somewhat elevated” with “elevated”, while also attributing the move to higher global energy prices. On the Middle East, the Fed dropped the prior “uncertain implications” wording, instead stating directly that developments are “contributing to a high level of uncertainty”. Growth and labor market language was otherwise largely unchanged, with activity continuing to expand at a “solid pace” and unemployment “little changed”. 

However, given energy prices have continued to rise in the wake of the meeting, and money markets are no longer pricing rate cuts this year (with markets currently discounting roughly a 60% probability of a hike by year-end), traders will look for evidence of how widespread inflation concerns were within the Committee and what conditions could push the Fed towards hikes. That said, the minutes reflect discussions held at the time of the meeting, meaning the recent hot CPI and PPI reports will not yet be incorporated. 

Powell said policy remains in a “good place” to wait and see, but acknowledged the Committee is moving closer to dropping its easing bias, with more officials now viewing hikes just as likely as cuts. While he stressed no one is actively calling for hikes at present, analysts noted that the threshold for future easing has risen, with the Fed wanting more confidence around tariffs and energy prices before considering cuts. Powell also warned that core inflation risks are “real”. He added that, beyond the three official dissenters, several non-voters also favored removing the easing bias but ultimately supported the decision to hold rates.

That dynamic may create challenges for incoming Chair Warsh, whose first meeting will be in June. While Warsh has advocated lower rates, he may find limited support for a more dovish stance within the current Committee. Bowman and Waller remain among the more dovish officials, though neither has backed immediate easing in the way Miran did. Note, the latest reports suggest Kevin Warsh will be sworn in as Fed Chair this Friday at a White House event. 

Additionally, Warsh has advocated for a tighter balance sheet policy. Last week, Fed Governor Barr argued that easing bank liquidity requirements to shrink the Fedʼs balance sheet would undermine financial stability and increase the Fedʼs market footprint. Barr said the 2023 banking stresses suggest liquidity requirements should rise, not fall. As such, traders will also watch the minutes for any discussion surrounding future balance sheet strategy alongside the debate over the easing bias.

Tyler Durden Wed, 05/20/2026 - 12:45

Austria is probing new claims that two so-called people hunters allegedly paid snipers to gun down innocents on human "safari tours" during the siege of Sarajevo in the 1990s.

Despite Tesla’s advanced driving technology, the company’s guidelines state drivers must remain attentive and ready to take control of the vehicle at all times.

Seven years ago, Democratic Maine Senate candidate Graham Platner cruelly mocked an American soldier who was caught on camera taking fire from the Taliban in Afghanistan.

Miles and Keleigh Sperry Teller are moving forward after flames ravaged their Cape Cod-style dwelling in Pacific Palisades -- a lot they sold for $2 million.

These fans hunted the drink for the dunk.

As firefighters battle a growing Ventura County wildfire that threatens to spread into LA County, first responders want to turn the tide against the raging blaze.

Shohei Ohtani’s insane expectations are becoming nearly impossible to satisfy. The Dodgers superstar hasn’t been his usual dominant self at the plate this season, hitting .265 with an .850 OPS. Those numbers would be considered above average for most players, but surprisingly modest for a four-time MVP. As a result, criticism has started to surface...

The TLC star went public with her ALS diagnosis on Tuesday after first receiving it in December 2025.

The TLC star went public with her ALS diagnosis on Tuesday after first receiving it in December 2025.

The former couple, who tied the knot in 1994, announced their separation in 2006. Locklear and Sambora's divorce was finalized the following year.

The former couple, who tied the knot in 1994, announced their separation in 2006. Locklear and Sambora's divorce was finalized the following year.

The company behind TurboTax, CreditKarma and QuickBooks is laying off about 17% of its global workforce.

Drama at the FIFA World Cup this summer could actually help fans score big.

StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash

Standard Chartered CEO Bill Winters and his team spent Wednesday in damage-control mode after the head of the London-based international bank told investors on Tuesday that artificial intelligence would be used to replace "lower-value human capital," sparking a backlash online.

"Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," Winters wrote in an internal memo to employees on Wednesday that was seen by Bloomberg.

He continued, "I know this may be unsettling when reduced to simple headlines or a quote out of context."

The outrage stems from STAN's Tuesday announcement to cut 15% of its corporate roles (about 7,800 jobs) by 2030 as part of a broader efficiency push amid the adoption of AI.

During the investor event, Winters said, "It's not cost-cutting, it's replacing low-value human capital with financial and investment capital." The substitution of workers in favor of machines "will accelerate as we go forward into AI."

Bloomberg noted that Winters' memo sent to workers earlier today "adopted a more empathetic tone, emphasizing the bank's commitment to supporting its workforce during the transition."

That memo read, "We will continue to invest in technology, platforms, and automation to improve how we operate, serve clients and position the Bank for long-term growth. I want to be absolutely clear that the future of Standard Chartered depends on the talent, judgment, relationships, and commitment of you, our colleagues."

“It’s not cost cutting; it’s replacing in some cases lower-value human capital”

Standard Chartered CEO Bill Winters delivered a blunt message on the future of the bank’s workforce. @aishagani explains the growing trend among finance leaders acknowledging the realities of AI… pic.twitter.com/j55u4uPdZR

— Bloomberg (@business) May 19, 2026

Socialists were not thrilled with Winters' "lower-value human capital" comment:

"Angry? You should be! This is how the employer described its staff: "lower-value human capital."

Angry? You should be! This is how this employer described its staff “lower-value human capital”.

“Standard Chartered bank could cut more than 7,500 jobs as it seeks to replace "lower-value human capital" under a technology and artificial intelligence (AI) drive”.…

— Socialist Labour Party (@soclp_uk) May 20, 2026

Beyond StanChart, corporate America is losing engineers and other white-collar workers who are burdened by insurmountable student and credit card debt as AI adoption accelerates. This era will likely be remembered as the great "white-collar purge," and the response may be continued backlash toward data centers.

Earlier today, Meta began cutting 8,000 jobs, while leaked audio of CEO Mark Zuckerberg described how AI is monitoring high-skilled employees. According to X user Official Layoff, who leaked the audio: "AI is replacing the contractor. Then the employee trains the AI. Then the AI replaces the employee."

Tyler Durden Wed, 05/20/2026 - 12:25

Romano still makes a massive amount of money from his lead role in the sitcom.