An airline dies.

A government deals.

A sea lion outweighs.

Markets

*Source: CoinGecko.com As of 7:29PM May 3, 2026

World news

Top news stories of the past week

1) Spirit is gone: If you like sitting in cramped seats for hours while a fight brews two rows back, I have some bad news. Spirit Airlines is shutting down and canceling all flights. It is the first major U.S. airline in 25 years to go out of business because of financial trouble.

2) Pentagon tech deals: Remember a few weeks back when Anthropic was in the news for NOT signing a deal with the US government over privacy concerns? Turns out those concerns weren’t a problem for OpenAI, Google, Microsoft, Amazon Web Services, Nvidia, SpaceX, and Reflection, who all just signed AI deals with the Pentagon. This is the AI arms race.



3) Only cuts from here (maybe): The US Federal Reserve may have left interest rates unchanged this past week, but that may be changing. Forward guidance suggests there will be a bias to cutting for the near future, something other governors in the Federal Reserve are against; they want evidence that cuts are NEEDED. Kind of understandable.

Top WEIRD stories of the past week

1) If you were on the internet this past week, you may still be recovering from the whiplash caused by the JP Morgan scandal. On Thursday morning, a story dropped that a male Junior banker at the world’s largest bank was forced into sexual acts by a female senior banking colleague. The release came with some truly insane quotes. A tidal waves of memes ensued. Then, THAT SAME DAY, it became clear that the entire story was made up. An emotional roller coaster (for me).

2) There is a giant sea lion on the pier in San Francisco locals have named Chonkers. How giant? Check it out.

3) A French teen has been charged in Singapore after licking a straw from a vending machine and then putting it back in the dispenser. He could face up to two years in jail. Seems reasonable.

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