Missile Incidents Reported Near US Warship and French Cargo Ship in Strait of Hormuz

U.S. officials told CBS. The attack, described as involving a possible land-attack cruise missile, caused several injuries among the Filipino crew members aboard the vessel.

S. warship near Jask in the Strait of Hormuz.

U.S. warship ignored warnings from Iran before the strike and turned back from the area afterward. These events mark heightened tensions in the Gulf region as of early May 2026.

In the cryptocurrency sector, Coinbase announced a workforce reduction of roughly 660 employees from its current 4,700 on May 5, 2026. The cuts represent 14% of its 4,700-person workforce, according to the company.

U.S. employees laid off by Coinbase will receive at least 16 weeks of base pay plus two weeks for every year of service, Armstrong said. S. will receive similar support in accordance with local laws.

Coinbase has more than 4,700 employees according to its website. The layoffs at Coinbase follow a wave of staff reductions across the cryptocurrency industry this year. Algorand cut its staff by 25% in late March 2026.

Gemini eliminated roughly 200 positions in February 2026, about a quarter of its staff, with the figure growing to 30% by mid-March 2026. com is trimming 12% of its workforce, about 180 roles, on May 5, 2026. 54 billion Q1 net loss in 2026 while holding 818,334 bitcoin at an average cost of $75,537.

5 billion in annual obligations. The company's prior production guidance was between 25,000 to 27,000 units in 2026.

U.S. plant in Arizona.

Napoli plans to review Lucid's operations over the next several weeks before updating guidance in Q2 2026. Lucid has produced roughly 3,200 more vehicles than it has sold since 2024.

5 million, an increase of roughly 20% year-over-year. 7 billion in liquidity, including a recent capital raise and delayed draw term loan from PIF.

The company has sufficient liquidity through the second half of 2027.