Surprise

• Troy Rohrbaugh, an options trader, has emerged as a surprise front-runner to succeed Jamie Dimon as the head of JPMorgan. • Rohrbaugh is currently competing against Doug Petno for the top leadership position at the financial giant. • This succession race is critical as the market anticipates who will maintain the strategic direction of one of the world's largest banks.

• Thailand's main stock index has surged over 20% in 2026 through Wednesday, outperforming regional benchmarks in Singapore and Vietnam while Indonesia saw declines. • The growth is largely driven by AI-related infrastructure, specifically power system makers like Delta Electronics (Thailand) and data center investments. • Other top-performing stocks contributing to this rally include Advanced Info Service, PTT, Gulf Development, and Airports of Thailand.

• The U.S. Bureau of Economic Analysis released the Personal Consumption Expenditures (PCE) price index data for May. • As the Federal Reserve's preferred gauge for measuring inflation, this data is critical for determining future monetary policy and interest rate decisions. • Market participants are analyzing the results to see if inflation trends align with the Fed's targets or present a surprise that could shift the economic outlook.

• England played to a surprise 0-0 draw against Ghana in their second World Cup group stage match. • Despite creating several late scoring opportunities, the Three Lions failed to convert, resulting in a single point for the game. • This result follows a dominant 4-2 opening victory over Croatia featuring goals from Harry Kane, Jude Bellingham, and Marcus Rashford.

• The second round of the 2026 World Cup featured standout individual performances, including record-breaking play by Eloy Room for Curacao against Ecuador and a tournament-best save by Iran's Alireza Beiranvand against Belgium. • Analysis highlights the tactical growth of Cape Verde, with player Vozinha helping the squad establish a cohesive identity, while Senegal suffered a significant defensive collapse in their match against Norway. • These results provide critical insights into team form and player momentum as the tournament transitions into the third round.

• Citigroup's US Economic Surprise Index reached 63.2, marking its highest level since August 2023. • The surge was driven by actual data for retail sales, employment, and manufacturing significantly exceeding Wall Street's median forecasts. • This deeply positive reading indicates that the US economy is performing meaningfully stronger than analysts had predicted.

• Astronomers using the James Webb Space Telescope have discovered a "salty surprise" on a cold exoplanet nicknamed the "Pink Planet." • The research team noted that the chemical composition of this planet is unlike any other celestial body they have previously analyzed. • This discovery is significant as it provides new insights into the atmospheric makeup of some of the coldest exoplanets in the universe.

• England manager Thomas Tuchel has called up Chelsea defender Trevoh Chalobah to replace Newcastle's Tino Livramento in the World Cup squad. • The replacement was finalized by a 9pm BST Tuesday deadline, just 24 hours before England's opening match against Croatia on Wednesday. • While Chalobah is currently traveling to the United States and will miss the Croatia game, he will be available for upcoming group stage fixtures.

• Former Federal Reserve official Kevin Warsh is advocating for a shift in monetary policy communication, arguing that the Fed relies too heavily on "forward guidance" and public signaling. • Warsh suggests that the current approach of telegraphing moves—a strategy famously championed by Ben Bernanke—makes the central bank too predictable and potentially limits its effectiveness. • This shift matters because reducing "Fed talk" could lead to increased market volatility and surprise reactions if the central bank takes action without prior warning.

• South Korean defender Kim Taehyun (Kashiwa Reysol) has been sidelined due to a sudden ankle injury ahead of the national team's match against the Czech Republic. • Coach Hong Myung-bo may now start Lee Ki-hyuk (Kangwon FC), a surprise selection who had not been called up to the national team since the 2022 East Asian Cup. • Lee's inclusion is based on his standout domestic performances this season, offering a potential solution to the team's defensive crisis.

Despite his managerial veneer and quiet approach, outgoing defence secretary is a highly political operatorUK politics live – latest updatesIf there was one thing for which Downing Street could rely on with John Healey, it was avoiding unnecessary drama. Whether in parliament or on the morning broadcast round, his sober suits and general demeanour of a benign but firm headmaster spelled reassurance.But then just before 12.10pm on Wednesday, the drama arrived. In a letter posted to social media, Healey resigned as defence secretary, a job he had held – whether in government or its shadow equivalent – from the moment Keir Starmer became Labour leader. Continue reading...

• Ian Darke provides a preview of the upcoming World Cup, which will feature an expanded format of 48 teams for the first time. • The analysis examines potential favorites and surprise contenders, referencing the eight nations that have historically won the trophy, including Brazil, Italy, and Germany. • Darke highlights the Netherlands as a particularly unlucky team, noting they have lost three finals despite their strong talent pool.

Success of far-right presidential candidate, Abelardo de la Espriella, suggests some voters are ‘fed up with politics’The far-right lawyer Abelardo de la Espriella and the leftwing senator Iván Cepeda have just under three weeks to compete for the roughly 3.6m votes that did not go to either of them in the first round of Colombia’s presidential election on Sunday.That is no insignificant margin, given that De la Espriella’s lead over Cepeda amounted to little more than 670,000 votes – 43.7% against 40.9%. Continue reading...

• India currently lacks an official broadcaster for the FIFA World Cup 2026 after Prasar Bharati exited the rights race, leaving a significant gap in coverage. • A commercial deadlock persists as FIFA's valuation for the 2026 and 2030 broadcasting packages dropped from an initial USD 100 million to approximately USD 35 million. • US-based investor Avni LLC has emerged as a surprise contender, potentially resolving the standoff between FIFA and domestic sports networks.

News will come as a shock to staff, especially at Cranfield, but the institutions’ bosses say intention is growthThe announcement that King’s College London is to absorb Cranfield University came as a surprise but not a shock to England’s higher education leaders, who have been braced for sudden announcements about job cuts and course closures.But for staff and students at both institutions the news will have come as a shock, particularly at Cranfield, the smaller, highly focused postgraduate technology and management college that has its own airport. Continue reading...

• The American Medical Association’s May 15, 2026 advocacy update says physicians and healthcare groups are urging Congress to strengthen the No Surprises Act. • The update also says the AMA is seeking physicians’ stories to support ongoing advocacy, indicating the organization is building a record of billing and patient-protection problems. • The issue matters because surprise medical bills remain a major consumer complaint and a persistent policy fight among doctors, insurers and lawmakers.

GDP reading ties in with some surveys suggesting UK plc has kept up momentum despite rising fuel costsThe UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the Middle East conflict has not yet affected growth as much as feared.Figures from the Office for National Statistics (ONS) showed growth of 0.3% in gross domestic product (GDP) in March, from a revised 0.4% rise in February and 0% growth in January. The ONS had originally estimated that the economy grew 0.5% in February and 0.1% in January. Continue reading...

Whimsical film shows relay of animals carrying centennial card from Balmoral Castle to naturalist in LondonKing Charles has featured in a surprise birthday tribute to David Attenborough, with a cast of wild animals helping to relay his handwritten congratulatory centenary card.The whimsical film, A Very Special Delivery, begins with the king writing his tribute in the library of Balmoral Castle. Charles, wearing an animal-themed tie featuring elephants, reflects on more than 60 years of friendship with the renowned naturalist. Continue reading...

Law says conviction of two men for spying raises serious concerns over how they accessed sensitive informationNathan Law, an exiled leader of the Hong Kong student protest who lives with a £100,000 bounty on his head from the Chinese authorities, was not surprised to discover a spy ring had photographed him entering the Oxford Union for an evening debate in November 2023.The conviction at the Old Bailey of Chi Leung “Peter” Wai, 38, and Chung Biu “Bill” Yuen, 65, for assisting a foreign intelligence service, was a sobering first – no Chinese spies had been convicted in British criminal history before Thursday – but the details that came out in the nine-week trial mainly served to confirm his suspicions. Continue reading...

Drugmaker had stalled large-scale UK projects but has now pledged investment at two sites, announced by Keir StarmerBritain’s biggest drugmaker AstraZeneca has said it will invest £300m in the UK in a surprise U-turn after pausing large-scale projects last year.The drugmaker had pulled back projects in Britain after becoming disillusioned with the business environment, including the availability of new medicines on the NHS and drug pricing. Continue reading...

ONS data for three months to February is not expected to alter Bank of England’s decision on interest ratesUnemployment in the UK unexpectedly fell in the three months to February, according to official figures – but the fallout from the conflict in the Middle East is expected to cause a rise in job cuts.The Office for National Statistics (ONS) said that the rate of unemployment was 4.9% in the three months to February. This compares with 5.2% in the three months to January, a rate that economists had expected to also see in February. Continue reading...

• Beyoncé surprise-released 'Renaissance Act III' at midnight ET on April 16, featuring 14 tracks blending country and R&B with collabs from Miley Cyrus and Shaboozey. • The album debuted with 25 million global streams in first hour, topping US iTunes charts per Parkwood Entertainment. • Critics hail it as 'a bold evolution' in Rolling Stone, positioning Beyoncé for Album of the Year Grammy contention amid her cultural renaissance trilogy.

• Taylor Swift revealed on April 16 the final US dates for her 'Eras Tour' kicking off June 15 in Miami, wrapping December 20 in New Orleans, via social media to 300 million followers. • Confirmed openers include Sabrina Carpenter for 12 shows and Post Malone for five stadium dates, with ticket sales starting April 18 via Ticketmaster. • The announcement sent Ticketmaster crashing briefly, with resale prices already hitting $1,200 average per Billboard reports, underscoring Swift's $2 billion tour dominance.

• Coachella Valley Music Festival opened April 16 with headliner Travis Scott drawing 125,000 fans, joined by Lady Gaga for a 30-minute unannounced 'Apocalypse' medley at Empire Polo Club. • Billie Eilish and Green Day also performed, with festival attendance up 10% from 2025 per organizers. • The event generated $600 million economic impact for Riverside County, highlighting live music recovery post-pandemic.

ONS figure for February suggests economy was gaining momentum before conflict stoked inflation with soaring energy pricesThe UK economy unexpectedly expanded by 0.5% in February, before the war in the Middle East dashed hopes of an uptick in growth this year, official figures show.The unusually large increase reported by the Office for National Statistics, suggests the economy had gained momentum before the conflict began. Economists had forecast just a 0.1% expansion. Continue reading...

First lady had called for a public hearing for survivors but a group of those affected say they have ‘done their part’ and reiterate calls for Pam Bondi to be questionedSign up for the Breaking News US email to get newsletter alerts in your inboxHello and welcome to the US politics live blog.Melania Trump has been accused of “shifting the burden” onto sex offender Jeffrey Epstein’s survivors after her extraordinary statement at the White House.Survivors of Jeffrey Epstein have already shown extraordinary courage by coming forward, filing reports, and giving testimony.Asking more of them now is a deflection of responsibility, not justice.It also diverts attention from [former attorney general] Pam Bondi, who must answer for withheld files and the exposure of survivors’ identities.Those failures continue to put lives at risk while shielding enablers. Survivors have done their part. Now it’s time for those in power to do theirs.The push from House Democrats to pass a war powers resolution by unanimous consent failed yesterday, after the pro forma speaker, Republican Chris Smith, did not recognize Democrats. It was always a tall order, given that pushback from even a single member would require Democrats to pursue a formal vote on the resolution.While it’s largely a symbolic move, Democrats in both chambers have vowed to hold votes again when Congress returns from recess next week. On the steps of the US Capitol, lower chamber Democrats appeared confident that when Congress returns from recess next week, they will have at least a couple of House GOP members who are willing to buck their party and pass the resolution.Donald Trump told NBC News that he is “very optimistic” a peace deal with Iran was within reach as a diplomatic delegation led by his vice-president JD Vance prepared to head to Pakistan for high-stakes talks aimed at ending the war this weekend. Iran’s leaders “talk much differently when you’re at a meeting than they do to the press. They’re much more reasonable,” the president said, in line with his administration’s narrative that there’s a disconnect between what Tehran says publicly and privately. Continue reading...

• Taylor Swift revealed her 12th studio album 'Evermore Echoes' during a live stream from Nashville on April 9, featuring collaborations with Post Malone and Lana Del Rey. • The 16-track project includes bonus tracks from fan-voted sessions, priced at $13.99 on digital platforms, set for April 17 release. • This marks Swift's quickest turnaround between albums at 18 months, boosting her streaming dominance amid 1.2 billion monthly Spotify listeners.

Reporters search for answers to why first lady chose to make speech – and whether president knew it was comingMelania Trump’s surprise statement denying she had any relationship with Jeffrey Epstein sparked confusion about why she had chosen to speak out, and whether Donald Trump knew that the first lady was planning to draw attention to a subject he has called for the public to move on from.Even normally well-sourced correspondents for rightwing outlets were at a loss to explain why Melania Trump felt the need to issue the seemingly out-of-the-blue statement about her relationship with Epstein, the late sex offender who socialized with her husband for nearly two decades, or his accomplice Ghislaine Maxwell. Continue reading...