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Today’s edition is about turning points. A major child-safety case could reshape social media, Washington is reconsidering its military posture abroad, and scientists are challenging what we thought we knew about the ancient Amazon. |
Meanwhile, markets are navigating fresh uncertainty, Ronaldo is contemplating the end of an extraordinary career, and a brazen museum theft has Europe’s art world on alert. Forward this to a friend who wants the world in five minutes. |
Forward this to a friend who wants the world in five minutes. |
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I'm 63 With $1.5M. Can I Spend $10K a Month? |
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You’ve saved $1.5 million. Now comes the real test. |
Can it produce $10,000 a month, or will that pace drain your portfolio? |
Most retirees do not get a clear answer until it is too late. |
The issue is not just how much you have. It is whether your portfolio was built to pay you, not just grow. |
That difference can determine whether your money lasts decades or starts breaking down early. |
Sequence of returns, taxes on withdrawals, healthcare costs, and whether the 4% rule still applies all play a role. |
Fiduciary advisors created a breakdown showing what drives sustainable income and why the same $1.5M can produce very different outcomes. |
If you have $1M or more invested, do not guess. |
See How Long My Money Lasts |
Learn More |
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The Big Read |
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Trump Says the US Will "Substantially Reduce" Military Drills With South Korea |
Hours before US and South Korean forces were set to begin their annual joint exercises Monday, President Trump posted on Truth Social that the US will "substantially reduce" the drills, citing his "very good relationship" with Kim Jong Un and calling the exercises "costly" and "totally inappropriate and hostile." He also noted Seoul had declined to join the US in the "denuclearisation" of Iran, saying South Korean officials answered "No thanks!" when he raised it. |
Seoul had earlier said the drills would proceed "as scheduled," and its presidential Blue House said it was reviewing Trump's comments while continuing consultations on US-Korea military cooperation related to the Strait of Hormuz. North Korea has not commented, days after conducting UN-banned ballistic missile tests, and Trump's announcement followed his weekend post of a 2019 photo of himself and Kim. |
Meta Heads to Federal Court Tuesday in a $1.4 Trillion Kids-Addiction Trial |
California, Colorado, Kentucky, and New Jersey take Meta to trial Tuesday seeking up to $1.4 trillion in penalties and product changes, arguing the parent of Facebook and Instagram deceived the public about the platforms' risks, designed features like the like button and infinite scroll to hook children, and vacuumed up kids' data in violation of COPPA. "They're putting the profits… over the health of a generation of young people," New Jersey AG Jennifer Davenport told NPR. |
The case is being treated as a bellwether in multidistrict litigation that consolidates thousands of similar suits, and legal experts compare it to landmark tobacco and opioid cases that reshaped those industries. States argue Meta financially benefited from prolonged use because ad revenue rises with time on the platform, and that visual filters known internally to promote eating disorders and body dysmorphia were rolled out anyway. |
Hurricane Lala Batters Hawaii, Leaving More Than 180,000 in the Dark |
More than 183,000 utility customers were without power across Hawaii on Sunday afternoon after Lala brushed the Big Island and was downgraded to a tropical storm, with Oahu outages dropping from more than 220,000 to about 130,000 by morning. Governor Josh Green said state officials had reports of at least 100 homes damaged, and one person was killed in a car-related accident tied to the storm. |
Lala was moving west toward southwest Kauai at 20 mph on Sunday afternoon with sustained winds near 65 mph — just under the 73 mph hurricane threshold — and a tropical storm warning remained for Kauai as warnings for Maui and Oahu were lifted. A state official described the earlier weather as "flash floods like we've never seen," and forecasters expect the system to clear Hawaii by Monday morning. |
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World View |
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Thieves Steal Four Antonello da Messina Paintings From a Sicilian Museum |
Thieves lifted four Antonello da Messina Renaissance paintings from Sicily's Regional Interdisciplinary Museum of Messina on Saturday night, Culture Minister Alessandro Giuli said. Alarms never triggered, and investigators suspect the works were stolen to order for black-market buyers. |
Zambia Arrests Opposition Figures Days After the Presidential Vote |
Zambian security forces arrested 11 people Friday, including leading opposition candidate Brian Mundubile, accusing them of an insurrection plot days after Thursday's presidential vote. Mundubile called the Lusaka raid "an attempt on my life" and said "colleagues were shot" in his presence. |
Temple Stampede and Hotel Fire Kill 14 in India |
A stampede at a Hindu temple in Bihar state killed seven on Monday and injured more than a dozen. Hours earlier, a fire at a West Bengal hotel housing pilgrims killed at least seven others. |
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Need To Know |
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Meta Faces Its Biggest Child-Safety Trial Yet |
Meta goes before a California jury this week over claims its platforms were designed to hook children. State attorneys general want operational changes to Instagram and damages that could theoretically reach as much as $1.4 trillion. |
US Military Operations Expand Onto Latin American Soil |
A year of American strikes on alleged drug boats has killed hundreds at sea, and the campaign is now moving ashore. Washington is pursuing agreements to station US forces on the ground across the region. |
More States Are Banning Student IDs at the Polls |
New Hampshire is the latest state to bar student IDs as valid voter identification, following Indiana. Roughly three dozen states now have in-person voter ID laws, leaving many students hunting for another document. |
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Money & Markets |
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Ferrari's First EV Fetches $40 Million |
The Luce, Ferrari's first fully electric car, sold for a record $40 million at auction, though its restrained styling drew grumbling from purists who missed the drama. Still a benchmark for what collectors will pay to own a first-of-its-kind Maranello. |
Stocks Slip From Record Highs on Stagflation Worries |
US futures pointed lower Monday after the S&P 500 closed a third straight winning week at a record. Dow futures fell 108 points, with S&P futures off 0.17% and Nasdaq 100 futures down 0.28%. |
Central Banks Stuck Between Inflation and Slowdown |
The Fed, ECB, and Bank of England are caught between rising inflation and slowing growth as the Iran war jolts energy prices. It's the ugliest policy trade-off since the early 1970s, and no one agrees on which risk to fight first. |
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10 AI Stocks to Lead the Next Decade |
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AI isn’t a tech trend – it’s a full-blown, multi-trillion dollar race, and 10 companies are already pulling ahead. |
These are the innovators driving real revenue, attracting institutional attention, and positioning for massive growth. |
Get all 10 tickers in The 10 Best AI Stocks to Own in 2026, free today. |
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Future Frontiers |
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Lasers Reveal Lost Amazon Civilization |
Airborne lidar has uncovered a forgotten Aquiry civilization in southwestern Amazonia that may have supported up to 3 million people across 1,500 years. The finding rewrites long-held assumptions about how densely the pre-Columbian rainforest was populated. |
Cialis Is Being Repurposed as an Off-Label Longevity Drug |
Tadalafil, the ED drug sold as Cialis, is being pitched by biohackers as an off-label longevity treatment for the heart, brain, and athletic performance. Observational studies link tadalafil use to lower death risk in men, but no controlled trials back the life-extension claims. |
SpaceX's Starbase Expansion Hits Pushback From South Texas Landowners |
SpaceX's plans to expand Starbase near Boca Chica, Texas, are running into resistance from landowners and environmental groups worried about beach access, water use, and construction traffic. Bekah Hinojosa of the South Texas Environmental Justice Center told NPR "SpaceX is rapidly colonizing and changing the entire landscape of Boca Chica." |
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The Score |
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Clark Powers Fever Past Dream in Overtime |
Caitlin Clark dropped 26 points as Indiana beat Atlanta 95-91 in overtime, a result with real playoff-seeding stakes down the stretch. Angel Reese missed a putback at the end of regulation that would have ended it early. |
Scottie Scheffler Blows the Field Away by Eight at the FedEx St. Jude |
Scottie Scheffler closed with a 66 at TPC Southwind for an eight-shot win to open the FedEx Cup Playoffs — the tour's largest margin of victory this season, and his 21st career title. Sungjae Im and Sam Burns started two back before Scheffler ran away with a bogey-free Sunday. |
Ben Rice Walks Off the Blue Jays With a 33rd Home Run in the 10th |
Ben Rice launched a two-run walk-off homer off Braydon Fisher in the 10th to lift the Yankees over Toronto 4-3 and avoid a series sweep. Ernie Clement's ninth-inning sac fly had tied it earlier, and David Bednar (6-3) picked up the win. |
Ronaldo Says This Season Is Probably His Last |
Cristiano Ronaldo, 41, says the coming campaign is probably his last year as a player. Five Ballon d'Ors and five Champions League titles later, he is weighing a family-first future. |
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Life & Culture |
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Hayden Panettiere Dies at 36 |
The "Heroes" and "Nashville" star died Sunday at 36, her father announced, with no cause of death given. She would have turned 37 on Friday, and her father called her "an incredible light and a force of nature." |
"Spider-Man: Brand New Day" Crosses $2 Billion in Three Weeks |
Spider-Man: Brand New Day crossed $2 billion worldwide in three weeks — the second-fastest ever — after a $70 million third weekend held it at number one domestically. Its $785 million US total includes the second-best third weekend on record, behind only "Star Wars: The Force Awakens." |
Beatles Biopic Cast Recreates Abbey Road |
Paul Mescal, Joseph Quinn, Barry Keoghan, and Harris Dickinson were photographed recreating the Abbey Road cover for Sam Mendes's four-part Beatles biopic. Each film will tell the band's story from a different member's perspective. |
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Deep Dive |
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An Art-Heist Wave Is Sweeping European Museums — and Investigators Say They're "To Order" |
What it is: Just days after Italy's carabinieri recovered three paintings stolen in March from the Magnani-Rocca Foundation near Parma, thieves hit a Sicilian museum Saturday night and made off with four Renaissance panels attributed to Antonello da Messina. Two heists in 48 hours are the loudest signal yet that European museums are facing a coordinated wave of thefts. |
The detail: The Parma recovery included Cézanne's "Still Life with Cherries," valued around $7 million; Renoir's "Les Poissons," roughly $3.5 million; and a Matisse aquatint. Original March raid used a tractor to smash through a fence and lasted under three minutes. In Messina, thieves entered the Regional Interdisciplinary Museum around 9:50 p.m. Saturday without tripping alarms and lifted a double-sided Antonello panel directly from a locked display case, plus three panels of the Polyptych of San Gregorio, painted in 1473. |
Why it matters: Italian investigators told the news agency Ansa their working theory is that both jobs were stolen-to-order for black-market collectors — a business model that thrives on works too famous to fence openly and too obscure to trigger international recovery efforts. Museum director Marisa Mercurio called the Messina theft "a great loss for the museum, for the city, the community and the art world," language that echoes the reaction across the continent as thefts pile up. |
What to watch: Watch whether the Sicilian panels turn up quickly, as the Parma trio did, or vanish for years — the pattern will tell investigators whether the same network is running both jobs. Watch whether Italy's culture ministry moves faster on museum-security funding after two hits in a single week. And watch which European capitals join the joint art-crime task force Rome has been pushing for since the Parma theft was first reported in the spring. |
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TAX STRATEGY |
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Many investors overlook deductions that could help minimize capital gains tax, such as: |
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Each comes with IRS rules and reporting requirements. That’s why consulting a fiduciary financial advisor is often recommended.
See Advisor Matches. |
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Extra Bits |
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One hundred and fifty corgis in costumes raced, barked, and strutted through Vilnius on Saturday for the International Corgi Race 2026, an event organizers cheerfully admit is "not all about short-legged speed."
The Polish village of Konotopie unveiled a towering new statue of the Virgin Mary on a major Catholic feast day, cementing the tiny community's spot on Poland's pilgrimage map.
A viral CCTV clip out of Singapore showed a 40-year-old man shoving a 73-year-old to the ground at a food court after the elderly man patted his daughter on the head, with police confirming an investigation and asking the internet, gently, not to speculate.
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Today's Trivia |
Chess has been played for over 1,500 years — and the math of the game is almost incomprehensibly large. How do possible chess games compare to atoms in the observable universe? |
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Thanks for starting your day with Five Minute Daily, built to make the biggest stories easier to follow without the noise. Share this edition with someone who wants a smarter morning read, and subscribe to get Five Minute Daily in your inbox. |
—The Five Minute Daily Team |
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