Jay-Z's The Parent Co. Terminates $50M Investment In Glass House As The Company Goes Public Via SPAC Merger

Reuters
US producer prices increase more than expected in April
U.S. producer prices increased more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the second quarter. The producer price index for final demand rose 0.5% last month after falling by a downwardly revised 0.1% in March, the Labor Department's Bureau of Labor Statistics said on Tuesday. Financial markets expect the Federal Reserve to start its easing cycle in September, though some economists believe the first interest rate cut could come in July.
Yahoo News
Trump trial live updates: Michael Cohen returns to the stand for second day of testimony in hush money case
The former president’s criminal hush money trial resumes Tuesday in Manhattan, where his former lawyer and so-called fixer is expected to take the stand for the second straight day.
Associated Press
Wholesale price increases accelerated in April as inflation remains sticky
U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in consumer prices to start the year. The Labor Department said Tuesday that its producer price index — which tracks price changes before they reach consumers — climbed 0.5% from March to April, after it dipped 0.1% the previous month. A measure of underlying inflation, which excludes the volatile food and energy categories, also jumped 0.5% from March to April.
USA TODAY
Trump trial live updates: Star witness Michael Cohen returns to stand in hush money case
Follow along to the latest updates as Michael Cohen continues testifying in Donald Trump's New York hush money trial.
Associated Press
A French court clears director Roman Polanski of defaming a British actor
A French court acquitted filmmaker Roman Polanski Tuesday of defaming a British actor whom he described as a liar after she accused him of sexual assault. The case stems from a 2019 interview with Paris Match magazine, where Polanski allegedly called Charlotte Lewis a liar following her accusations. The court’s ruling did not address the truth of the rape allegation but focused solely on whether Polanski’s comments in the interview constituted defamation against Lewis.
Reuters
Explainer-Gaza death toll: how many Palestinians has Israel's campaign killed
The war began on Oct. 7 when Hamas militants stormed across the border into Israeli communities. Israel says the militants killed more than 1,200 people, mostly civilians, and dragged 253 into captivity in Gaza. This explainer examines how the Palestinian death toll is calculated, how reliable it is, the breakdown of civilians and fighters killed and what each side says.
CBS News
Meme stocks like GameStop and BlackBerry are back. Here's why.
AMC and BlackBerry joined the meme stock surge on Tuesday as investors posted screenshots of their trading gains.
Reuters
India's Modi denies stoking divisions to win election, files nomination
Indian Prime Minister Narendra Modi defended himself against criticism that he is stoking divisions between Hindus and Muslims to win national elections as he filed his nomination on Tuesday for re-election from one of Hinduism's holiest cities. India began voting April 19 in the seven-phase election in which Modi, 73, is seeking to be the second prime minister to win a third straight term since independence leader Jawaharlal Nehru. Although Modi began his campaign by showcasing his economic record, governance and popularity, he has changed tack after the first phase to accuse the main opposition Congress party of being pro-Muslim.
Reuters
Belousov says Russia must win in Ukraine while minimising troop losses
Russia's main task is to achieve victory on the battlefield in Ukraine with the minimal loss of troops, Andrei Belousov, Russian President Vladimir Putin's nominee for defence minister, said on Tuesday. Russia should employ all advanced and effective tools in its arsenal to ensure such a victory, he said, adding that it needed to ensure defence spending was used more effectively. Belousov, an economist whom Putin unexpectedly nominated on Sunday to replace Sergei Shoigu, said the military sector needed more efficiency and innovation.
Yahoo Finance
Home Depot earnings show signs of a consumer pullback
US shoppers under pressure are expected to spend less at Home Depot, but the home improvement retailer may make up some of the loss with professional consumers.
USA TODAY
Another round of severe weather headed for Southeast. See where tornadoes may hit.
The Southeast faces more severe weather on Tuesday after rounds of deadly storms caused widespread flooding and kicked up possible tornadoes.
USA TODAY
From 'Hillbilly Elegy' to the White House? How JD Vance landed on Trump's VP shortlist
A Cincinnati-area fundraiser on Wednesday could serve as Ohio Sen. JD Vance's audition for vice president.
Associated Press
If your soil's no good or you don't have any, grow your garden plants in straw bales
If you’d like to install a raised bed but don’t have the resources to build one, you can achieve the same effect by growing your plants in straw bales. Typically used as Halloween decorations to display winter squash and pumpkins, straw bales can also be used to grow those vegetables in an economical, low-maintenance way.
CNN
Twin who fought off crocodile to save her sister receives royal bravery award
A British woman who fought off a crocodile to save her twin sister has been acknowledged for her extraordinary act of bravery.
Reuters
Explainer-Why are there riots in New Caledonia against France's voting reform?
Violence has erupted in New Caledonia, a French overseas territory in the South Pacific, after lawmakers in Paris discussed a draft constitutional amendment to allow recent arrivals to the territory to vote in provincial elections. The bill, which some local leaders fear will dilute the vote of indigenous Kanak, is the latest flashpoint in decades-long tussle over France's role in the island. The protests prompted authorities to shut the international airport, impose a curfew in the capital Nouméa and call for police reinforcements as businesses and vehicles were set alight.
Yahoo Finance
Stock market today: US futures trapped in inflation countdown as meme rally roars back
Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.
Associated Press
The Latest | Cohen returning to stand for cross-examination by Trump's lawyers at hush money trial
Donald Trump’s fixer-turned-foe returns to the witness stand Tuesday for a bruising round of questioning from the former president’s lawyers. Michael Cohen 's testimony on Monday linked Trump to all aspects of a hush money scheme that prosecutors say was aimed at stifling stories that threatened his 2016 campaign. Text messages, audio recordings, notes and more have all been introduced or shown to jurors in recent weeks to illustrate what prosecutors say was a scheme to illegally influence the election that year.
CNN
Blinken arrives in Kyiv to reassure Ukraine of US support
US Secretary of State Antony Blinken arrived in Kyiv on Tuesday, marking the first visit of a Biden administration official to Ukraine following the long-delayed passage of US supplemental funding to the war-torn country.
Associated Press
Hundreds of Syrian refugees head home as anti-refugee sentiment surges in Lebanon
More than 300 Syrian refugees headed back home to Syria in a convoy on Tuesday, leaving two remote northeastern towns in crisis-stricken Lebanon where anti-refugee sentiment has been surging in recent months. Lebanese officials have long urged the international community to either resettle the refugees in other countries or help them return to Syria. Over the past months, leading Lebanese political parties have become increasingly vocal, demanding the Syrian refugees go back.
AFP
Armenia detains demonstrators as protest leader seeks to oust PM
Armenia on Tuesday detained dozens of demonstrators in the capital Yerevan as large protests flared against government plans to concede land to the country's historic foe, Azerbaijan.At a previous demonstration on Monday, police briefly detained around 150 protesters.

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