Here are today’s top stories.
Headlines
U.S. and Iran Negotiators Reach a Deal. But It’s Still Waiting for Trump’s Signature
An official told NBC News that negotiators for the U.S. and Iran have reached a deal to end the war, and that it’s just waiting for a sign-off from President Trump and Iranian leaders. The State and Treasury Departments also announced new sanctions on Iran’s oil trade overnight, despite the ongoing negotiations — a move that added to confusion about where the deal stands. Find out More
PCE Inflation Data: April Reading Comes in Hotter Than Expected, Raising Fed Rate Hike Fears
The Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures price index — came in above expectations for April, driven by Iran war-related energy costs and tariff pass-through, pushing Fed rate-hike probability on prediction markets above 55% and putting renewed pressure on bond yields heading into the long weekend. See Details
The Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures price index — came in above expectations for April, driven by Iran war-related energy costs and tariff pass-through, pushing Fed rate-hike probability on prediction markets above 55% and putting renewed pressure on bond yields heading into the long weekend. See Details
Politics
The Treasury Department imposed new sanctions Thursday on firms that allegedly help Iran’s military-owned petroleum company export its oil even as negotiators reached an outline of a deal, with Vice President JD Vance telling reporters: "The president will be in a position where he can endorse the agreement, but obviously that’s still TBD." Read More
Members of the House Oversight Committee are set to question former Attorney General Pam Bondi over her handling of the release of the Epstein files. See Details
U.S. News
Timothy Hudson, the 16-year-old charged with sexually assaulting and killing his 18-year-old stepsister Anna Kepner, will remain free for now while a judge considers arguments following a hearing Wednesday. The case, which captured national attention after it unfolded aboard the cruise ship, involves competing defense claims about jurisdiction. Source
New forensic evidence appears to contradict Brian Hooker’s account of where he says he was the night his wife Lynette went missing in the Bahamas, CBS News has learned; an infrared camera mounted on the sailboat used by the couple could contain key clues about her disappearance. Read More
Business
Futures Edge Higher as Iran Deal Optimism and Dell Earnings Blowout Lift Pre-Market Mood
Stock futures inched higher early Friday as traders monitored the fragile Iran ceasefire; S&P 500 futures and Nasdaq 100 futures were each up just under 0.1%, while Dow futures added 0.14%; in extended trading, shares of Dell Technologies surged 38% after the laptop and server maker raised its full-year guidance and reported a first-quarter beat on both the top and bottom lines. See Details
Stock futures inched higher early Friday as traders monitored the fragile Iran ceasefire; S&P 500 futures and Nasdaq 100 futures were each up just under 0.1%, while Dow futures added 0.14%; in extended trading, shares of Dell Technologies surged 38% after the laptop and server maker raised its full-year guidance and reported a first-quarter beat on both the top and bottom lines. See Details
Dell’s AI Server Revenue Surged 757% in Q1 — The Company Now Projects $60 Billion in AI Sales for 2026. Dell Technologies reported record revenue of $43.8 billion in Q1, largely driven by a 757% increase in AI server revenue; the company raised its full-year guidance significantly, prompting significant upward revisions from Wall Street analysts who called it the strongest AI infrastructure earnings print of any hardware company this year. Source
Market Report
| Symbol | Last Close | % Change | |
| Dow Jones | DJIA | $36,000.00 | 0.36% |
| S&P 500 | SPX | $4,500.00 | 0.04% |
| Nasdaq | IXIC | $14,000.00 | 0.25% |
| Alphabet Inc. | GOOG | $386.12 | 0.34% |
| Tesla, Inc. | TSLA | $442.10 | 0.40% |
| Apple Inc. | AAPL | $312.51 | 0.53% |
| Microsoft Corp. | MSFT | $426.99 | 3.47% |
| Bitcoin US Dollar | BTC/USD | $73,612.65 | 0.14% |
World News
Italy said it was seizing $232 million in assets belonging to the late Mafia boss Matteo Messina Denaro, who was captured after 30 years on the run before dying in custody in 2023. Italian prosecutors said the asset seizure was one of the largest in Sicilian Mafia history. Source
A stray Russian drone struck an apartment complex in a town in NATO-member Romania that is located near the Ukrainian border. Romanian officials believe the strike was an accident. Find out More
Entertainment
Brad Pitt and Angelina Jolie’s son Maddox filed paperwork requesting a legal name change — specifically, dropping the "Pitt" from his last name and making his name simply "Maddox Chivan Jolie"; the legal change comes on the heels of Maddox dropping the Pitt from his professional name, with him listed as "Maddox Jolie" in the credits of Angelina’s recent film "Couture." Find out More
Spielberg’s "Disclosure Day" Gets First Reactions: "His Best Film in 20 Years," Emily Blunt "Astounding." Steven Spielberg’s "Disclosure Day" has been unveiled to members of the film press ahead of its June 12 release date, and first reactions are calling the sci-fi UFO-focused movie "Spielberg’s best film in 20 years," with high praise for star Emily Blunt; one critic wrote the film is "thrilling, funny, deeply emotional and impeccably acted." Source
Rita Wilson brought Kelly Clarkson to tears as they reflected on "The Kelly Clarkson Show" coming to an end this fall after seven seasons, in a sweet interview moment that went viral; the show’s final episode is expected in December. See Details
Sports
Victor Wembanyama finished with 28 points, 10 rebounds, 3 blocks, and 2 steals in 28 minutes, hunting his shot from outside early with two quick three-pointers before the Spurs turned the third quarter into a 32-13 demolition to effectively end the game; Shai Gilgeous-Alexander struggled throughout, finishing with 15 points and a game-worst minus-28. Game 7 is Saturday night in Oklahoma City at 8:30 p.m. ET on NBC/Peacock. Read More
No. 1 Seed Jannik Sinner Stunned in the Second Round of the French Open by an Unseeded Argentine. For the first hour and 53 minutes of their second-round clash, top-seeded Jannik Sinner was in complete control against No. 56 Juan Manuel Cerundolo, with a 6-3, 6-2, 5-1 edge — but then he leaned over in apparent cramps while serving for the match, left the court for more than nine minutes, and lost 18 consecutive points and seven straight games, ultimately falling 3-6, 2-6, 7-5, 6-1, 6-1. Source
Off the Wall
A trio of golf fans in Texas assembled the world’s largest golf ball pyramid from 19,019 balls at Benbrook Lake, beating the previous record of 17,575; the finished structure featured 38 rows of carefully stacked balls, and the team was not allowed to use any adhesive to keep the balls in place. The feat was certified by a Guinness World Records adjudicator. Read More
