Morning Edition · Thursday, May 28, 2026
Markets
Hot inflation traps new Fed chief between Trump and the markets
Prices rose at their fastest pace in nearly three years. This happened just as Kevin Warsh became the new head of the Federal Reserve. That leaves little room for the rate cuts the White House wants.
Crypto
Bitcoin drops below $73,000 as war fear drives money out of risk
More than $1 billion left spot bitcoin funds last week. Gold held firm near $4,500 an ounce.
Tech
Anthropic deal values Claude maker at about $965 billion
A new $65 billion funding round pushes the AI company past OpenAI. It now sits among the most valuable companies in the world.
Geopolitics
US and Iran reach tentative deal to extend ceasefire
Negotiators agreed to pause the fighting and open new nuclear talks. Even so, both sides kept trading fire.
Tech
EU seeks emergency power to seize control of chip supplies
A draft law would let Brussels override existing contracts. It could direct where chipmakers send their products.
Markets
Gap shares fall 14% as Old Navy disappoints
The retailer cut its sales outlook after its largest brand fell short. That is a warning sign about the US shopper.
Markets
Why long-term US Treasuries look expensive
Heavy federal spending and doubts about American power are reasons to question even the safest bond of all.