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This can't be the end for LeBron James. 

Some staffers believed Netanyahu preferred Garrett because he was viewed as a more agreeable interviewer, according to the Status report.

Chad C. Brown has the favorite in the 2026 Preakness Stakes.

9-1-1's Tim Minear also talked "intentional" Buck and Eddie parallels, the ICE storyline, and more.

Duff makes her debut for the magazine, with other 2026 cover stars including Tiffany Haddish and Alix Earle.

Duff makes her debut for the magazine, with other 2026 cover stars including Tiffany Haddish and Alix Earle.

Inflation heated up in April to the hottest level in three years as the Iran war drove energy prices higher, and started to filter through the economy.

First Houthi Drones Sent On Israel Since Iran Ceasefire Took Effect

In what appears to be the first Houthi attack out of Yemen since the broader Iran ceasefire came into place starting in early April, the Israel Defense Forces said a drone "launched from the east" was intercepted by the Israeli Air Force near the southernmost city of Eilat on Tuesday.

The IDF further indicated it is believed to have been launched from Yemen, although the IDF is still investigating its origin, according to Israeli media reports. Israel's Channel 12 is citing that at least two drones were sent.

EPA-EFE

However, no sirens sounded, "according to protocol," the military said further. The Iran-allied Houthi rebels had launched several missiles and drones at Israel during the war, in support of the Iranian side.

The Houthis also played a key role during the prior two-year Gaza war, during which time ballistic missiles targeted Israel on a weekly basis, and shipping and in the Red Sea was essentially halted due to the threat of Houthi attacks.

The Shia military group further has demonstrated its ability to reach and disrupt several of Israel's airports, including the key international bub of Ben Gurion airport.

Throughout Trump's Operation Epic Fury and Project Freedom the Houthis have surprisingly stayed relatively quiet and on the sidelines. But they hold a big card in alliance with Iran - the threat of again shuttering vital Red Sea shipping and seriously denting Suez Canal traffic.

In the meantime, the close cooperation between Iran and the Houthis continues to be on display when it comes to weapons manufacturing and transfers:

The Iranian-backed Houthis in Yemen continue to use Iranian components in drones, according to a new report. For instance, “external support remains a key factor in the Houthis’ ability to sustain operations,” notes Conflict Armament Research (CAR), which compiled the report.

This is important as it illustrates how the Houthis continue to assemble advanced weapons. Any future conflict with them will need to take this into account. The Houthis burst onto the scene in 2015, moving from the mountains of Yemen and trying to take the port city of Aden.

Going back to the start of the war with the Saudis and Emirates over a decade ago, it was well understood by Western intelligence that the Houthis were able to achieve impressive ballistic missile capabilities due to the close relationship with Tehran.

via Al Jazeera

At various times over the years, vessels bound for Yemen were intercepted by US military ships, and found to be transferring guns, ammo, or missile parts. Iranian parts continue to be frequently found in Houthis weapons systems.

Tyler Durden Tue, 05/12/2026 - 08:45

After being swept by the Oklahoma City Thunder, the Los Angeles Lakers face a franchise-defining offseason centered around LeBron James, Austin Reaves, Luka Doncic, free agency, trades and new ownership.

US Consumer Prices Are Rising At Their Fastest Pace In 3 Years

Bearing in mind the one-off impact of BLS correcting for shutdown-related distortions (in rent/shelter) from last October., this morning's CPI was expected to come in hot as the impact of the Iran war starts to spread (energy, airfares, transport) and the melt-up in memory costs (unrelated to war) as the token wars continue.

As a reminder, March saw headline CPI in line (energy) while Core CPI actually printed cooler than expected. and we suspect most attention will be on the Core side again today with investors 'looking through' short-term energy-driven cost pressures.

Headline CPI rose 0.6% MoM (as expected), pulling headline up 3.8% YoY (hotter than the 3.7% expected) and the hottest since May 2023...

Source: Bloomberg

Energy and Food costs dominated the rise in headline CPI along with Core Services...

Source: Bloomberg

CPI highlights:

MoM energy rose 3.8% in April, accounting for over forty percent of the monthly all items increase. The shelter index also increased in April, rising 0.6%. The index for food increased 0.5% over the month as the index for food at home rose 0.7% and the index for food away from home increased 0.2%. YoY CPI energy index increased 17.9% for the 12 months ending April. The food index increased 3.2% over the last year.

CPI Food:

• The index for food rose 0.5% in April after being unchanged in March. The food at home index increased 0.7% over the month.
• Five of the six major grocery store food group indexes increased in April. The index for meats, poultry, fish, and eggs increased 1.3 percent over the month as the index for beef rose 2.7 percent.
• The fruits and vegetables index increased 1.8% in April and the nonalcoholic beverages index rose 1.1%.
• The index for dairy and related products increased 0.8% over the month and the index for cereals and bakery products rose 0.1% in April.
• In contrast, the index for other food at home fell 0.4% in April after being unchanged in March.
• The food away from home index rose 0.2% in April.
• The index for limited service meals rose 0.4% over the month and the index for full service meals rose 0.1 percent.

CPI Energy:

• The index for energy increased 3.8% in April, after rising 10.9% in March. The gasoline index increased 5.4% over the month. (Before seasonal adjustment, gasoline prices increased 11.1% in April.)
• The index for electricity rose 2.1% in April. The fuel oil index increased 5.8% over the month.
• Conversely, the index for natural gas decreased 0.1% over the same period.

New- and Used-Vehicle prices remain stable as Shelter jumped (as expected)...

On a short-term annualized basis, it's all about Energy...

But, the surge in the Energy subcomponent of CPI is perhaps peaking as oil has stabilized/eased. 

Source: Bloomberg

Core CPI rose more than expected in April (up 0.4% MoM vs +0.3% exp), pulling the YoY rise in prices up by 2.8% (also hotter than expected).

Source: Bloomberg

While that is the highest since Sept 2025, it is clear that whatever impact the war is having, it is not spreading wildly into the broad market... yet.

However, Core Services dominated the price rises (perhaps some energy cost impact pull-through)...

Closer look at Core CPI which rose 0.4% in April, after rising 0.2% in each of the 2 preceding months.

• The shelter index increased 0.6% over the month.

  • The index for owners’ equivalent rent and the index for rent both increased 0.5% in April.

  • The lodging away from home index rose 2.4% over the month.

• The index for household furnishings and operations increased 0.7% over the month, after rising 0.2% in March.

• The airline fares index rose 2.8% in April and the personal care index rose 0.7%.

• The index for apparel rose 0.6% over the month and the index for education rose 0.2% in April.

• The recreation index and the motor vehicle insurance index each increased 0.1% in April.

• The new vehicles index and the communication index each declined 0.2% in April.

• The index for used cars and trucks was unchanged over the month.

• The medical care index decreased 0.1% in April, after falling 0.2% in March.

  • The index for hospital services decreased 0.3 percent over the month.

  • Conversely, the physicians’ services index increased 0.6 percent over the month while the prescription drugs index was unchanged in April.

CPI Core rose 2.8% YoY: the shelter index increased 3.3% over the last year. Other indexes with notable increases over the last year include medical care (+2.5 percent), airline fares (+20.7 percent), household furnishings and operations (+3.9 percent), and recreation (+2.3 percent).

Here's the one time CPI adjustment in shelter:

Rent Inflation +0.49% in April after 0.16% in March; biggest monthly increase since Oct 2023; 
Rent inflation +2.79% YoY, up from 2.56% in March and highest since January 2026

Shelter inflation 0.61% in April after 0.40% in March, biggest monthly increase since Jan 2024;
Shelter inflation +3.30% in April, up from 3.02% in March and highest since Oct 2025.

Perhaps most notably, Real Wages are shrinking on a YoY basis (for the first time since April 2023)...

Finally, are we really ready for a 70s-style rebound in inflation?

Bonds may be hinting but stocks certainly are not, even as consumer sentiment hits rock bottom.

Tyler Durden Tue, 05/12/2026 - 08:39

“You played against Josh. He’s a dirty player. He’s always been," McCarron said.

From a TikTok star to a Sports Illustrated Swimsuit star.

Last week, the businessman claimed in a court filing that the "RHOBH" star spent more than $1 million on designer items as they faced potential foreclosure.

Last week, the businessman claimed in a court filing that the "RHOBH" star spent more than $1 million on designer items as they faced potential foreclosure.

The actress, notably, exited days into filming in France due to director Mike White allegedly asking for a more "boisterous performance."

The actress, notably, exited days into filming in France due to director Mike White allegedly asking for a more "boisterous performance."

A strand of DNA recovered from Nancy Guthrie's Arizona home is still undergoing extensive testing at the FBI's crime lab as the investigation hit the 100 day mark -- as authorities continued to hold out hope for a break in the case.

The next time Luka Doncic is seen playing in a basketball game will have to wait until the fall – not the summer like is customary for the Lakers superstar.  Less than 30 minutes after the Lakers 2025-26 season ended with their Game 4 loss to the Thunder in the second round of the playoffs,...

Hannah Harper, Jordan McCullough and Keyla Richardson were the Top 3 during Monday's episode.

Hannah Harper, Jordan McCullough and Keyla Richardson were the Top 3 during Monday's episode.