Biden and first lady Jill Biden reported a drop in income as they filed their tax returns for 2020, marking a return to the normal practice of releasing such information by modern U.S. presidents.
Waves caused by Cyclone Tauktae crash up on the promenade near the Gateway of India monument in Mumbai, India, May 17, 2021. REUTERS/Niharika Kulkarni
Cross-border fighting between Israel and Hamas appeared to have abated slightly, with no fatalities logged in Gaza for the first time since hostilities erupted on May 10, and fewer long-range Palestinian rocket attacks. We look at the strain on Gaza's hospitals from COVID and conflict.
Hong Kong's government suspended operations at its representative office in Taiwan in a sign of escalating diplomatic tension between the global financial hub and the democratically ruled island that Beijing claims.
The family office run by 'Big Short' investor Michael Burry has disclosed a short position against Tesla worth more than half a billion dollars. Burry was profiled in the book and film of the same name for betting against the U.S. housing bubble.
Berkshire Hathaway has sold nearly all of its holdings in Wells Fargo, as Warren Buffett abandons a more than 31-year-old investment that was among his most successful before the bank was felled by scandals.
Walmart raised its full-year earnings forecast and beat estimates for same-store sales as it benefited from additional stimulus checks that put more money in consumers' pockets and boosted demand for apparel and electronics.
Home Depot blew past quarterly same-store sales estimates, as demand remains strong for the top U.S. home improvement retailer's products even as vaccinations open up more traditional avenues for customers to spend their money.
Quote of the day
"There will be birth. There will be death. There will be romance in the treetops. It's going to be better than an episode of Game of Thrones"
Dr. Michael Raupp
Professor Emeritus of Entomology at the University of Maryland
