Nonce News Desk

WIRES

Trump Drops $10B IRS Lawsuit as DOJ Creates $1.77B Lawfare Fund

Trump and his family dropped a $10B IRS lawsuit Monday after the DOJ agreed to create a $1.77B fund to compensate alleged victims of lawfare. Critics call it a

05/18/2026

WIRES

Meta Begins 8,000-Job Cull as Zuckerberg Bets Big on AI

Meta begins cutting 8,000 jobs this week as Zuckerberg shifts tone on layoffs and raises AI capital spending to as much as $145 billion in 2026.

05/18/2026

MARKETS

MEXC Launches Free AI Trading Strategy Tool for All Users

MEXC launches AI Strategy, a free open-access trading agent that monitors social platforms, tracks market sentiment, and executes trades autonomously.

05/18/2026

MARKETS

Crypto Liquidation Wave Wipes $563 Million as Bitcoin and Ether Lead Forced Selling

Crypto traders lost $563 million in forced liquidations over 24 hours on May 18, with **Bitcoin** [(BTC)](https://www.noncemedia.com/asset/btc) and Ether long.

05/18/2026

WIRES

Royal Observatory Warns AI Could Erode Human Intelligence

The Royal Observatory Greenwich warns that over-reliance on instant AI answers could erode human curiosity, evaluation skills, and long-term intelligence.

05/18/2026

WIRES

Oil Prices Surge as Trump Warns Iran While Strait of Hormuz Stays Shut

Oil prices jumped more than 2% Monday after Trump warned Iran time was running out, as peace talks stalled and the Strait of Hormuz remained closed to shipping.

05/18/2026

WIRES

Europe’s AI Energy Cost Problem

Europe's sky-high electricity prices are undermining its AI ambitions, with experts warning data center investment will flow to cheaper markets in the U.S. and

05/18/2026

WIRES

Samsung Strike Looms as South Korea’s President Pushes for Labor Deal

South Korea's president and top officials are urging Samsung Electronics and its union to reach a deal before a 47,000-worker strike begins May 21. (158 chars)

05/18/2026

WIRES

Trump-Xi Summit Yields Soy and Rare Earth Pacts — But Readouts Diverge

The Trump-Xi Beijing summit produced deals on soybeans, rare earths and Boeing jets, but U.S. and Chinese readouts highlight different priorities and omit key d

05/18/2026

WIRES

Iran War Drives Saffron Prices to Record Highs

The Iran war has pushed saffron prices from £1,200 to over £2,000 per kilo as the Strait of Hormuz blockade disrupts 90% of world supply.

05/18/2026

WIRES

PG&E Cuts Power Across California Counties as Wildfire Risk Climbs

PG&E has placed 15 Northern and Central California counties on notice for public safety power shutoffs as extreme heat and 50 mph wind gusts raise wildfire risk

05/18/2026

WIRES

Stock Futures Slip as Bond Yields, Iran Tensions Rattle Markets

Stock futures fell Sunday night after a record-setting week. Rising bond yields, Iran war fears, and Nvidia earnings are all in focus for Monday.

05/18/2026

WIRES

China’s Economy Loses Steam in April

China's economy lost momentum in April as retail sales grew just 0.2%, hitting a 40-month low, while industrial output and investment also missed forecasts.

05/18/2026

WIRES

Samsung Strike Threat

South Korea's president and prime minister are pressing Samsung Electronics and its union to reach a deal before a planned strike involving 47,000 workers begin

05/18/2026

MARKETS

Bitcoin Slides Below $77,000 as Oil Shock and Rising Treasury Yields Hit Risk Assets

Bitcoin fell below $77,000 on May 18 as rising Treasury yields and an oil price shock pressured risk assets. Long-term holders remain unmoved.

05/18/2026