Russia’s new offensive around Ukraine’s second-largest city has dealt a blow to Kyiv as it struggles to contain the conflict following delays in crucial military aid from the US. Ukraine’s army has withdrawn some forces from areas around Kharkiv, while Russian troops have taken positions in the frontline town of Vovchansk. This has strained Ukraine’s military to its breaking point, prompting pleas for more Western help. Congress recently approved $60 billion in military aid, but delays have allowed Russia to make gains on the battlefield.
Mexico has significantly increased efforts to stop migrants at its southern border, leading to a decrease in border crossings at the US-Mexico border. More migrants were stopped in Mexico than in the US in March, highlighting the impact of Mexico’s interdiction efforts on keeping the border more secure. However, if Mexico cannot sustain these efforts, there could be a potential spike in border crossings that may hurt President Biden politically. Increased dialogue between the two countries has led to Mexico’s willingness to interdict more migrants.
The Bureau of Labor Statistics is expected to release data on the consumer price index for April, with economists predicting minimal change from March’s 3.5% inflation rate. Rent and services costs continue to contribute to elevated figures, but food and energy prices are in line with the Federal Reserve’s target rate. Some prices, such as car prices, are starting to come down after a pandemic-related surge. Incomes are still growing, despite some higher prices.
Michael Cohen faced tense questioning from Trump’s attorneys in his hush money trial, with the defense attempting to paint him as dishonest. Cross-examination covered topics such as Cohen’s lies to protect Trump, his media appearances, and his cooperation with the prosecution. The trial has also become a proving ground for Trump’s potential vice presidential candidates, with prominent figures showing their support at the courthouse. In another news, a truck driver has been charged in a Florida crash that killed 8 people and injured 40 others.
Sage the miniature poodle was named the best in show at the Westminster Kennel Club Dog Show, with Mercedes the German shepherd coming in second. The competition showcased the top dogs in various categories, culminating in Sage’s victory. In politics, primary results in Maryland and West Virginia saw notable wins and losses for candidates. Chuck Todd’s analysis of battleground surveys indicates that Democrats may have a Biden problem rather than a party-brand problem ahead of the next election.
Keith Gill, also known as “Roaring Kitty,” has gained influence on Wall Street by driving meme stock mania through his social media posts. His posts have led to surges in stocks of companies like GameStop and AMC, causing losses for short sellers. The phenomenon illustrates the power of social media in shaping the stock market. Lastly, a ship that caused a bridge collapse in Baltimore lost power twice before the accident, a preliminary report from the NTSB showed. Other news includes basketball player Caitlin Clark’s pro debut and Boeing potentially facing prosecution for violating an agreement related to 737 Max crashes.
