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The so-called K-shaped economy is currently associated with a “significant increase in food insecurity,” according to a new blog post from the New York Fed.A large portion of the population faces high levels of financial strain, according to a post published Wednesday based on data from the Consumer Expectations Survey.Within this group, low- and middle-income households have been hardest hit by long-term inflation. The researchers found that a larger proportion of their spending was allocated to items such as housing, food and utilities that have increased in price since the pandemic, and as a result they refrained from buying groceries.…

How many P’s does Google have? According to Google, there are two. According to Google’s AI Overview, “The word ‘poop’ has exactly one ‘r’ in it,” and the word ‘journalism’ has two ‘d’s, but is spelled ‘journadism.’ Google identified at least one P in the U.S. president’s last name, spelled trpum. You don’t need to be a prophet to predict that Google’s AI-powered search overhaul won’t work. I’ve done this before. When Google first added AI Overview to search, the feature ended up citing satirical posts from The Onion and Reddit advising people to eat rocks and put glue on…

A new Iranian agency to force shippers to comply with regulations around the Strait of Hormuz has been added to the U.S. Treasury’s sanctions list. The Persian Gulf Straits Authority is on the Treasury Department’s list of Specially Designated Nationals, and Americans are generally prohibited from doing business with the authority. The Treasury Department said in a statement on Wednesday that the creation of the authority is another attempt by Iran’s Islamic Revolutionary Guards Corps (IRGC) to “monetize state-sponsored terrorist activities by extorting ships transiting the Strait of Hormuz.” After the US-Israel-Iran war began on February 28, Iran has been…

Faye Chrisley (also known as “Nanny”) is Todd’s mother.For Mother’s Day 2021, he wrote on Instagram, “I am blessed beyond measure that God chose you to be my mother,” adding, “I love you more than you know and you fill my heart with love, hope, faith, and confidence.”Nannie was born in September 1944 and raised in South Carolina. She married Army veteran Gene Chrisley and had sons Todd, Randy Chrisley, and Derrick Chrisley, the latter of whom died as a baby. Gene also passed away in 2012.During her time on Chrisley Knows Best, Nanny captured the hearts of fans with…

Cricket greats, writers and broadcasters have praised the 15-year-old Rajasthan Royals opener for scoring a 29-ball 97 in the IPL playoffs.Vaibhav Sooryavanshi has been described as a ‘generational talent’ after the Rajasthan Royals teenager smashed 97 off 29 balls to lead his team to victory against Sunrisers Hyderabad in the Indian Premier League qualifiers.The 15-year-old also broke Chris Gayle’s record for most points in an IPL season with six on Wednesday, taking his tally to 65 in a match, surpassing the former West Indies captain’s previous record of 59 in 2012.Suryavanshi’s performance gave Rajasthan a 47-run victory and kept their…

Ship in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhossein Khorgoy | Isna | Wana | via ReutersIran believes it will be able to return the Strait of Hormuz to its pre-war status within a month of a peace deal with the United States, but traders at prediction market platform Qarshi are more skeptical. They say there is only a 38% chance that traffic flow through the Straits will return to normal by July 1. The contract defines normal flow as a seven-day rolling average of traffic passing through 60 Channel crossings, based on IMF Portwatch…

Premium smartphone brand Vertu on Thursday unveiled a foldable smartphone equipped with an AI agent that connects with enterprise software to adjust workflows. The company is targeting executives who manage business operations and communications while on the move. The foldable smartphone, called Alphafold, starts at $6,880 for the calfskin version. Top models feature bespoke finishes and customized details such as alligator leather, 18K gold, and natural diamond accents. This continues Vertu’s long-standing strategy of positioning its phones as luxury status symbols for wealthy buyers. The company told TechCrunch that the top-of-the-line standard model currently costs $46,800, with further customization options…

U.S. President Donald Trump speaks at a Cabinet meeting in the Cabinet Room of the White House in Washington, DC, on May 27, 2026. Evan Vucci | ReutersPresident Donald Trump on Wednesday poured cold water on the possibility of Iran transferring its highly enriched uranium stockpiles to Russia or China as part of a deal to end the war with the United States.”No, I’m not comfortable” with such an arrangement, President Trump said at a White House cabinet meeting.The Kremlin, which has the world’s largest nuclear arsenal, has previously said it would accept enriched uranium from Iran in a bid…

LG Energy Solution Co.’s battery cells on display at the InterBattery exhibition on Wednesday, March 5, 2025 in Seoul, South Korea. Cho Sung Joon | Bloomberg | Getty ImagesShares of LG Energy Solutions rose as much as 16.56% on Thursday after the company’s U.S. unit won a contract to supply battery cells. DTE energy’s storage project in Michigan. The eight projects will provide 1.5 gigawatts, or 6 gigawatt hours, of battery storage to store electricity when surplus power is generated and distribute it to customers as needed, LG Energy Solutions Vertec, a division of the company, said in a press…

Hong Kong — A Chinese lawyer who poisoned a billionaire gaming mogul who helped create Netflix’s hit sci-fi movie “The Three-Body Problem” has been executed, according to Chinese state media. Xu Yao murdered his boss Lin Qi in 2020 by gifting him what he claimed were probiotic pills, but which actually contained a deadly toxin that he bought from the dark web and mixed in his own lab. Earlier that year, the high-handed lawyer had helped Lin secure the film rights to Liu Cixin’s famous trilogy of science fiction novels, starting with “The Three-Body Problem.” He was executed last Thursday,…