Aggregator

The War Department dumped 162 declassified files on Friday that show thousands of "flying saucers" reported in our skies since the 1940s.

The makeup-skin care hybrid has 25,000 five-star reviews (and counting).

The makeup-skin care hybrid has 25,000 five-star reviews (and counting).

Andrew S. Bi, MD, a Sports Orthopedic Surgeon with NYU Langone, joins Brandon London to explain what a core-muscle injury is and its typical recovery process after Giants receiver Darius Slayton underwent offseason surgery for the injury. Full video: https://trib.al/wl7DzwZ

The father of three explains that while the job comes with "a lot of risk," he wants to show his sons that they should "work towards their dreams and goals."

The father of three explains that while the job comes with "a lot of risk," he wants to show his sons that they should "work towards their dreams and goals."

The three new stops along Wilshire Boulevard — La Brea, Fairfax and La Cienega — came into operation Friday with a slew of Metro social media posts.

Virginians for Fair Elections, the main pro-redistricting group, raised north of $64 million in support of the Democratic-friendly gerrymander that could have netted the party four GOP-held seats in November’s midterm elections.

Taiwan Semiconductor April Sales Grow At Slowest Pace In 6 Months

Taiwan Semiconductor, world's largest dedicated independent semiconductor foundry, posted its slowest pace of monthly revenue expansion since October, highlighting the challenges of sustaining torrid AI-fueled pace of growth.

Sales in April rose 17.5% to NT$410.7 billion ($13.1 billion), their smallest rise in about six months. While the rise reflects just 30 days of business and its revenue can fluctuate month-to-month, the drop was notable; analysts expect the company’s June-quarter revenue to grow almost twice as fast, or at about 35% which means that May and June sales will have to be gangbusters to compensate for April's slowness. 

Taiwan’s largest company has become an essential player in the global AI industry by making cutting-edge semiconductors for the likes of Nvidia and AMD. That’s as Alphabet, Amazon.com, Meta and Microsoft said they are setting aside $725 billion for AI this year, significantly more than previously anticipated. The question of where all this money will come from will be the next big hurdle for the market (we discussed it here ""Banks Are Choking": The AI Debt Bubble Has Started To Burst".)

Offsetting the huge AI orderbook are plateauing smartphone and consumer electronics sales, where soaring memory chip costs are forcing brands to hike prices leading to a big drop in demand. Economic uncertainty is also dampening consumer demand in many parts of the world.

For its part, TSMC has remained bullish on global AI chip demand. In April, the company raised its full-year sales guidance and said its own capital spending should trend toward the upper end of an existing forecast range of as much as $56 billion, conveying confidence in the year’s economic outlook. 

Tyler Durden Fri, 05/08/2026 - 14:40

A former NFL quarterback claims Sean McVay's odd behavior at a draft night press conference was due to a "volatile situation."

President Trump said Friday that Ukraine and Russia will embark on a three-day cease-fire that could be the "beginning of the end" of the more than four-year-old war — as both nations pause to celebrate the Soviet victory over Nazi Germany in World War II.

Gavin Newsom had nothing to say about Xavier Becerra, his former colleague and the Democratic favorite to replace him.

"No help is coming."

Buckle up, 9-1-1's Season 9 finale is a wild ride.

A US military aircraft had a freaky chase encounter with a “super-hot” orb during a nighttime search mission just last year, the newly released UFO files show.

California shoppers may soon find there's no such thing as a quick getaway at self-checkout.

There won't be scab referees.

The proposed subpoena requests communications from her ex-campaign staffer Guhaad Hashi Said, who pled guilty to defrauding taxpayers.

The company said the deal includes a $535 million investment that will help the revolutionary porn site create new financial services for its creators, “who are often underserved by traditional financial institutions and products.”

Chapter 11 Bankruptcy Filings Increase 42%

Authored by Naveen Athrappully via The Epoch Times,

There were 644 commercial Chapter 11 bankruptcy filings in April 2026, a 42 percent yearly increase, according to a May 6 statement from the American Bankruptcy Institute (ABI).

A Chapter 11 bankruptcy seeks to reorganize a company’s debts, with the aim of keeping the business operational and, eventually, becoming solvent. This is the most common type of bankruptcy filing made by businesses.

Within the 644 commercial Chapter 11 filings last month, 301 were made by small businesses, up 46 percent year over year, ABI said.

Overall commercial filings, including Chapter 11 and other types of bankruptcies, rose 21 percent during this period to 3,060 filings this April.

Chapter 12 filings, which concern family farms and fisheries, surged 130 percent to 62 in April 2026, the highest monthly total since February 2020, according to the institute.

“Rising inflation, higher borrowing costs, and geopolitical uncertainty are intensifying the financial strain on families and businesses,” ABI Executive Director Amy Quackenboss said.

ABI “appreciates the momentum building in Congress to permanently expand access” for distressed small businesses looking to file bankruptcies for restructuring under Chapter 11, she said, referring to the Bankruptcy Threshold Adjustment Act of 2026.

The Act, introduced in March, seeks to permanently raise the small-business Chapter 11 bankruptcy debt threshold to $7.5 million, according to a March 5 statement from Rep. Ben Cline’s (R-Va.) office. The threshold is the maximum debt limit a small business owner can have while applying for such bankruptcy.

The higher limit will allow more small businesses to access a “faster, more cost-effective bankruptcy process” while they negotiate with creditors.

“The Bankruptcy Threshold Adjustment Act will give small businesses the certainty they need to reorganize, restructure, and keep operating when challenges arise,” Cline said.

“By permanently raising the eligibility threshold, we’re ensuring more job creators can access a streamlined and affordable bankruptcy process that helps them stay open, protect paychecks, and meet their obligations. Just as importantly, this bipartisan bill maintains the integrity of our bankruptcy system by keeping it self-supporting and fair for all who rely on it.”

Economic Indicators

While bankruptcy numbers are increasing, other economic indicators, such as employment and business sector activity, are giving mixed to positive signals.

For instance, the initial unemployment weekly claims for the week ending May 2 stood at 200,000. While this was an increase of 10,000 claims compared to the previous week, the four-week moving average of the claims fell by 4,500 during this period.

In a May 7 statement, the National Federation of Independent Business (NFIB) said that its April jobs report indicates “softening” in the employment market.

The organization’s Small Business Employment Index declined for the second straight month in April. However, “even in a month with a weaker Employment Index, over half of small business owners reported hiring or trying to hire,” NFIB chief economist Bill Dunkelberg said.

Regarding business activity in the United States, five of seven sectors tracked by S&P Global registered higher activity in April than the previous month, according to a May 5 statement from the company.

In April, the health care, consumer goods, industrials, basic materials, and consumer services sectors grew month over month, while technology and financial sectors posted declines. Health care and consumer goods were the two top-performing sectors.

“The latest increase in Consumer Goods production was the steepest since April 2022,” S&P said. “This partly reflected advanced purchasing and customer stock building in response to expected price hikes, as the rate of new order growth surged to its highest since August 2021.”

As for the country’s overall economic growth, the first quarter 2026 U.S. GDP growth was 2 percent, up from 0.5 percent in the fourth quarter of 2025, according to an April 30 estimate by the Bureau of Economic Analysis.

In late April, Federal Reserve Chairman Jerome Powell said that U.S. growth was “really solid” across the economy.

“Some of that is that consumer spending is hanging in pretty well; the most recent data are good. And some of it is just the apparently insatiable demand for data centers all over the United States,” Powell said.

Tyler Durden Fri, 05/08/2026 - 14:20