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Here's your midday brief for Tuesday, May 5th. I'm Anthony Bansy for the Wall Street Journal.

The Pentagon says Iran's recent military actions don't rise to the level of restarting the war.

Iran has targeted American warships and its attacked other vessels in the Strait of Hormuz.

Meanwhile, the United Arab Emirates says it's intercepting

new attacks from Iran. Coinbase is cutting about 14% of its workforce, or roughly 700 people.

Bitcoin and major crypto tokens have struggled to reclaim their 2025 highs, which has left

Coinbase's business vulnerable to market swings.

Coinbase's CEO Brian Armstrong also cited AI as a reason for the layoffs, saying that AI is changing how the company works.

And sales of new single-family homes climbed in March.

The report from the Census Bureau and the Department of Housing and Urban Development

shows sales rose to $682,000 that beat expectations of economists pulled by the Wall Street Journal.

And the median sales price for new houses fell more than 5% from February to 387,400.

Heads up in Artificial Intelligence ToolHup does make this episode by creating

summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have more coverage of the day's news on WSJ's What's News podcast. You can add it to your

playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

How much of your workday is actually work and how much is just hunting for information?

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