Market News - Mboum.com

May 3, 2026, 7:08 AM EDT - 22 minutes ago

U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war

U.S. crude oil exports surged to a record 5.2 million barrels per day in April, according to data from commodities data firm Kpler. Exports are surging as buyers in Asia and elsewhere seek U.S. crude ...

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May 3, 2026, 7:04 AM EDT - 26 minutes ago

Greg Abel rules out Berkshire break-up, stresses continuity with Buffett's legacy at annual meeting

New CEO Greg Abel did most of the talking at his first Berkshire Hathaway shareholders meeting, but Warren Buffett was still a major presence.

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May 3, 2026, 7:03 AM EDT - 27 minutes ago

What it's like meeting Warren Buffett — and why his Berkshire bash is unique

Warren Buffett was a trailblazer in using media to build a business, Sahil Bloom says. The wealth guru said Buffett's letters and annual meeting helped to grow his and Berkshire's brands.

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May 3, 2026, 6:58 AM EDT - 32 minutes ago

OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE

OPEC+ says it will raise oil output by 188,000 barrels per day in June. It was the cartel's first meeting since the shock departure of the United Arab Emirates last week.

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May 3, 2026, 6:49 AM EDT - 41 minutes ago

Foxconn launches second-generation satellites via SpaceX Falcon 9

Taiwan's Foxconn said on Sunday its ‌second-generation low-Earth orbit (LEO) satellites were launched via a SpaceX Falcon 9 rocket from ⁠California, marking the electronics manufacturer's latest ...

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May 3, 2026, 6:41 AM EDT - 49 minutes ago

The first week in Elon Musk and Sam Altman's federal civil trial has wrapped. BI's Katherine Li shares what week one was like.

This post originally appeared in the BI Today newsletter. You can sign up for Business Insider's daily newsletter here.

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May 3, 2026, 6:25 AM EDT - 1 hour ago

What to Expect in Markets This Week: April Jobs Report, Host of Earnings From Consumer Giants Coming Up

This week is all about the American pocketbook, with a new jobs report offering a view of the labor market and earnings from food and travel giants shedding light on how people are spending.

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May 3, 2026, 6:02 AM EDT - 1 hour ago

Berkshire shareholders like Greg Abel, but following Warren Buffett is tough

"Abel may grow into it. But he's no Warren Buffett.

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May 3, 2026, 6:00 AM EDT - 1 hour ago

He beat Elon Musk in court once. Sam Altman hired him to do it again.

William Savitt is representing Sam Altman in Elon Musk's lawsuit trying to dismantle OpenAI. Savitt, a top lawyer at Wachtell, went up against Musk before in a dispute over Twitter.

ABNB AMD DIS MAR MCD META PLTR

May 3, 2026, 4:30 AM EDT - 3 hours ago

Sam Altman asked GPT-5.5 to plan its own launch party. Its requests were 'beautiful' but 'strange.

Sam Altman said he plans to throw a launch party for OpenAI's latest AI model, GPT-5.5. He asked the model what it would want for its own celebration — and it gave detailed suggestions.

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May 3, 2026, 4:17 AM EDT - 3 hours ago

How Google made peace with war

On April 27, more than 600 Google employees signed a letter urging CEO Sundar Pichai to prevent the Pentagon from using the company's AI products for classified operations. Google had spent the previo...

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May 3, 2026, 3:58 AM EDT - 3 hours ago

OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say

OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf oil supplies.

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May 3, 2026, 3:19 AM EDT - 4 hours ago

Israel approves plan to buy F-35 and F-15I aircraft from US

Israel gave final ‌approval for a plan to purchase two new ⁠combat squadrons of F-35 and F-15Ia aircraft from Lockheed Martin and ‌Boeing ⁠in a deal worth tens of billions ⁠shekels, the defe...

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May 3, 2026, 2:00 AM EDT - 5 hours ago

AI chatbot fraud: the ‘gift card' subcription that may cost you dear

After subscribing to the Claude chatbot, mystery payments started to appear on one family's credit card bill. They are not alone

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May 3, 2026, 12:00 AM EDT - 7 hours ago

The moon is the ‘ULTIMATE HIGH GROUND': ICON Prime president

President of ICON Prime Will Hurd discusses the company's cutting-edge technology for building permanent moon bases on ‘Maria Bartiromo's Wall Street.' #fox #media #breakingnews #us #usa #new #news #b...

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May 2, 2026, 11:00 PM EDT - 8 hours ago

Emerging-Market Stocks Are Powering Past the War

Artificial intelligence and oil exports have buoyed shares from South Korea to Brazil.

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May 2, 2026, 11:00 PM EDT - 8 hours ago

A mammoth economic stimulus passed last year in Germany was meant to jolt the country—and Europe—out of its economic slumber. The problem: Germans just aren't good at spending money.

While much of the rest of the developed world is swimming in too much debt, Germany is having trouble using just a tiny bit more.

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May 2, 2026, 7:37 PM EDT - 11 hours ago

Watch Greg Abel preside over the full 2026 Berkshire Hathaway annual shareholder meeting

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 7:20 PM EDT - 12 hours ago

Why eBay, in Its Latest Incarnation, Is a Takeover Target for GameStop

A focus on collectibles could make the online marketplace a match for the videogame retailer.

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May 2, 2026, 5:00 PM EDT - 14 hours ago

As Warner Bros. Discovery Revenue Fell In 2025, CEO David Zaslav's Pay Tripled

There's an ever-widening gap between company performance and CEO pay at Warner Bros. Discovery, the media giant that just voted to merge with Paramount Skydance in a $110 billion deal.

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May 2, 2026, 4:32 PM EDT - 14 hours ago

‘I Was Devastated.' Spirit Passengers Rush to Find New Flights

The airline's abrupt shutdown upsets travelers across the country, and its staff.

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May 2, 2026, 4:00 PM EDT - 15 hours ago

'CHEAPER THAN UBER BLACK': Joby Aviation's taxi service aims to make flights AFFORDABLE

FOX Business correspondent Gerri Willis and 'The Big Money Show' panel discuss Joby Aviation launching air taxi services in New York City and the company's goal to make flight affordable for everyone...

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May 2, 2026, 4:00 PM EDT - 15 hours ago

Greg Abel doesn't see a single successor to Charlie Munger as his top adviser

Asked who will play the Charlie Munger to his Warren Buffett, new CEO Greg Abel didn't name a single person but talked about the team that surrounds him. “You surround yourself with great people, and ...

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May 2, 2026, 3:56 PM EDT - 15 hours ago

Berkshire shareholders reject report on workforce oversight, approve say-on-pay

Berkshire Hathaway shareholders on Saturday overwhelmingly rejected a proposal to publish a report discussing how the ‌conglomerate oversees its more than 387,000 employees at nearly 200 businesses.

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May 2, 2026, 3:21 PM EDT - 16 hours ago

Berkshire's 2026 annual shareholder meeting: Watch the full morning session

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 3:16 PM EDT - 16 hours ago

I was in the room when Warren Buffett gave a surprise interview at Berkshire's annual conference. The mood swung from excited to gloomy, then hopeful.

I was in the room when Warren Buffett unexpectedly sat for an interview on Saturday. He warned of a "gambling mood" in markets during Berkshire Hathaway's annual meeting.

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May 2, 2026, 2:54 PM EDT - 16 hours ago

Greg Abel on cash flow safety, investment alignment with Warren Buffett

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 2:45 PM EDT - 16 hours ago

Here's How Berkshire Hathaway Did in Greg Abel's First Quarter as CEO

Berkshire Hathaway's massive cash pile reached a new high, and operating earnings surged in the company's first quarter without Warren Buffett as CEO.

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May 2, 2026, 2:35 PM EDT - 16 hours ago

Berkshire Hathaway CEO Abel responds to 'who would serve as the Charlie for Greg'

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 2:30 PM EDT - 17 hours ago

Greg Abel says he does not see Berkshire breaking up or divesting subsidiaries

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 2:24 PM EDT - 17 hours ago

Greg Abel on potential for divesting businesses: 'It has to be a relationship that works'

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 2:24 PM EDT - 17 hours ago

Greg Abel on Berkshire's stake in Japan's Tokio Marine

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 2:22 PM EDT - 17 hours ago

Katie Farmer: Our customers have adapted and adjusted to the tariffs

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 2:12 PM EDT - 17 hours ago

Greg Abel: We have an exceptional group of leaders and businesses

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 1:58 PM EDT - 17 hours ago

Watch CNBC's full interview with Berkshire Hathaway Chair Warren Buffett

CNBC's Becky Quick sits down with Berkshire Hathaway Chair Warren Buffett at the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 1:52 PM EDT - 17 hours ago

Greg Abel on how the Middle East conflict has impacted Berkshire's subsidiaries

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 1:45 PM EDT - 17 hours ago

Manufactured homebuilder Clayton Homes impacted by high interest rates

Manufactured homebuilder Clayton Homes took a hit as potential buyers grappled with pressures such as high mortgage rates, Greg Abel said at the 2026 Berkshire Hathaway annual shareholders meeting. “T...

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May 2, 2026, 1:30 PM EDT - 18 hours ago

Greg Abel discusses succession plans for Ajit Jain and himself

When asked about succession plans for Ajit Jain and himself, Greg Abel said that the board approaches issues related to such matters “very seriously.” Watch the related video for more on this.

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May 2, 2026, 1:17 PM EDT - 18 hours ago

Warren Buffett tells CNBC it's not the ideal environment to invest Berkshire's record cash hoard

CNBC's Becky Quick sits down with Berkshire Hathaway Chair Warren Buffett at the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 1:17 PM EDT - 18 hours ago

Crowd shrinks as Berkshire Hathaway's new CEO leads the annual meeting for the first time Saturday

New CEO Greg Abel led the Berkshire Hathaway annual meeting in Omaha, Nebraska, for the first time, with Warren Buffett now chairman.

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May 2, 2026, 1:15 PM EDT - 18 hours ago

Hyperscalers have to 'bear the full cost' of energy they use: Abel on data centers

Berkshire's CEO Greg Abel said it is important to sequester the energy use costs of data centers away from grid consumers and make sure they're being billed to the businesses demanding the electricity...

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May 2, 2026, 1:09 PM EDT - 18 hours ago

Takeaways from the first Q&A: Here's what you need to know

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting. CNBC's Yun Li joins Mike Santoli to discuss highlights from the morning Q&A.

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May 2, 2026, 1:00 PM EDT - 18 hours ago

Ajit Jain on insuring ships through Hormuz: 'Depends on the price'

Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire's vice chairman of insurance operations Ajit Jain gave a pithy response. “The short answer...

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May 2, 2026, 12:32 PM EDT - 18 hours ago

Jensen Huang is so over the dire predictions of AI leaders like Dario Amodei

Nvidia CEO Jensen Huang criticized leaders who stoke fear around AI's impact on the world. Huang called the doomerism "ridiculous" and urged industry leaders to rely on facts.

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May 2, 2026, 12:22 PM EDT - 19 hours ago

Greg Abel: Committed to complying with federal and state fossil fuel regulations

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 12:16 PM EDT - 19 hours ago

Greg Abel on succession plans for Ajit Jain and himself

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 12:15 PM EDT - 19 hours ago

Brazil's Petrobras raises natural gas prices by 19% after oil shock

Brazilian state-run oil company Petrobras has hiked the price of ‌natural gas sold to distributors by 19.2% starting May 1, it said on Saturday, marking the latest in a ⁠series of energy price inc...

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May 2, 2026, 12:13 PM EDT - 19 hours ago

Spirit Airlines made this critical mistake that drove its demise

Spirit has canceled all future flights and is immediately shutting down.

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May 2, 2026, 12:09 PM EDT - 19 hours ago

Greg Abel: Very comfortable with the risks and our understanding of the portfolio

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 11:59 AM EDT - 19 hours ago

Greg Abel: Our capital allocation approach is 'aligned with our owners and shareholders'

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 11:52 AM EDT - 19 hours ago

Greg Abel on company operation strategy, splitting time between subsidiaries and equity portfolio

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 11:46 AM EDT - 19 hours ago

UAE Departs OPEC as Iran Feel Economic Sting of Blockade

Exxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices outweighed production outages from the Iran war. Bloomberg Opinion...

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May 2, 2026, 11:44 AM EDT - 19 hours ago

Warren Buffett's exit as CEO doesn't mean Berkshire is going all in on AI, Greg Abel says

Berkshire Hathaway won't be betting the farm on AI, Greg Abel said on Saturday. Warren Buffett's successor as CEO said Berkshire would be prudent during the annual meeting.

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May 2, 2026, 11:37 AM EDT - 19 hours ago

Greg Abel: One of our greatest strengths is patience in allocating capital

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 11:33 AM EDT - 19 hours ago

Abel says 'we're back to first base' in wildfire litigation

A recent court decision could limit liabilities at its PacifiCorp utility as it defends ‌against lawsuits over wildfires in Oregon and northern California.

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May 2, 2026, 11:33 AM EDT - 19 hours ago

Deepfake Warren Buffett opens Q&A section of annual Berkshire Hathaway meeting

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 11:30 AM EDT - 20 hours ago

'We're not going to do AI for the sake of AI:' Greg Abel

Greg Abel said at the 2026 Berkshire Hathaway annual shareholders meeting that the company has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief ...

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May 2, 2026, 11:25 AM EDT - 20 hours ago

This 7.8% Dividend Is A Top Contrarian Play On The Software Crash

The time has come to make a move on this software-stock selloff. And we're going to use our favorite income plays—closed-end funds (CEFs)—to do it.

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May 2, 2026, 11:18 AM EDT - 20 hours ago

Greg Abel sees big growth for utilities on data center buildouts

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 11:12 AM EDT - 20 hours ago

Airlines work to help stranded Spirit passengers after budget carrier collapses

United, Delta, JetBlue and Southwest are capping ticket prices for Spirit customers who now need to rebook canceled flights. Rivals are ⁠also offering free seats to help Spirit employees get home.

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May 2, 2026, 11:11 AM EDT - 20 hours ago

Greg Abel: Clayton Homes numbers down, driven by interest rates and challenged consumer

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 11:01 AM EDT - 20 hours ago

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

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May 2, 2026, 11:01 AM EDT - 20 hours ago

The Musk Vs. OpenAI Trial Is Underway — Here's Where Things Stand

One week into the Musk vs. OpenAI trial, the central question is whether Sam Altman betrayed the company's founding promise to benefit humanity by turning it into an $800 billion for-profit giant.

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May 2, 2026, 11:00 AM EDT - 20 hours ago

Buffett praises Apple CEO Tim Cook during opening remarks

Warren Buffett told exiting Apple CEO Tim Cook to take a bow during his initial address to the conference, remarks that resonated with Berkshire's own change of leadership from Buffett to new CEO Greg...

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May 2, 2026, 10:59 AM EDT - 20 hours ago

Warren Buffett asked Tim Cook to take a bow in a surprise speech at Berkshire meeting

Warren Buffett thanked Tim Cook for making Apple such a stellar investment for Berkshire Hathaway. The investor unexpectedly invited the Apple CEO to take a bow during Berkshire's annual meeting.

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May 2, 2026, 10:56 AM EDT - 20 hours ago

Greg Abel breaks down Berkshire's most recent quarter during the annual meeting

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 10:47 AM EDT - 20 hours ago

Greg Abel on Berkshire tech innovation: ‘We're not going to do AI for the sake of AI'

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 10:16 AM EDT - 21 hours ago

Warren Buffett praises Tim Cook's tenure after Steve Jobs: ‘He succeeded a legend'

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 10:10 AM EDT - 21 hours ago

These ‘Preferred' Monthly Dividends Are On The Discount Rack

Preferred stocks are a little-known dividend secret. Worth knowing, by the way—they can yield up to 9.9%!

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May 2, 2026, 10:09 AM EDT - 21 hours ago

Warren Buffett praises Greg Abel, calls CEO choice '100% successful'

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 10:09 AM EDT - 21 hours ago

US does not think airline industry needs bailout, has access to cash

U.S. Transportation Secretary Sean Duffy said Saturday he does ‌not think the government needs to bail out low-cost airlines that have sought $2.5 billion in government ⁠relief because of high jet...

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May 2, 2026, 9:58 AM EDT - 21 hours ago

Berkshire's annual meeting kicks off with an homage to Buffett

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 9:57 AM EDT - 21 hours ago

Warren Buffett's 'jersey' raised to the rafters in Omaha to honor retirement

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting. Chairman Warren Buffett receives a surprise as he's introduced with the company's board of directors.

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May 2, 2026, 9:52 AM EDT - 21 hours ago

Ariel Investments' John Rogers: I'd like to find out whether Abel is optimistic about the market

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting.

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May 2, 2026, 9:51 AM EDT - 21 hours ago

Actor Bill Murray says Greg Abel is 'very friendly'

CNBC's Michael Santoli and Becky Quick chat with comedian Bill Murray to discuss his history with Berkshire Hathaway.

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May 2, 2026, 9:45 AM EDT - 21 hours ago

Berkshire's Cash Pile Swells to Record $397 Billion in Greg Abel's First Quarter as CEO

Berkshire Hathaway's massive cash pile reached a new high, and operating earnings surged in the company's first quarter without Warren Buffett as CEO.

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May 2, 2026, 9:42 AM EDT - 21 hours ago

Thyssenkrupp, Jindal agree to pause talks on sale of steel unit

Thyssenkrupp said on Saturday it has paused talks ‌with Jindal Steel International about a possible sale of the German industrial group's steel unit.

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May 2, 2026, 9:40 AM EDT - 21 hours ago

Spirit Airlines Shutting Down After White House Bail Out Falls Through

Get Forbes Breaking News Text Alerts: We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsu...

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May 2, 2026, 9:36 AM EDT - 21 hours ago

Berkshire's operating earnings jump as cash hoard hits record near $400 billion

Berkshire Hathaway CEO Greg Abel presides over the 2026 Berkshire Hathaway annual meeting. CNBC's Michael Santoli and Becky Quick discuss highlights from the conglomerate's latest earnings report.

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May 2, 2026, 9:31 AM EDT - 21 hours ago

Google is now a glorified venture-capital fund thanks to its SpaceX and Anthropic stakes

Google's first-quarter earnings report reflected its position as an artificial-intelligence winner — and as a savvy investor.

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May 2, 2026, 8:51 AM EDT - 22 hours ago

Berkshire Hathaway Posts $11.35 Billion Q1 Earning

Berkshire Hathaway Inc.'s cash pile jumped to its highest level ever, reaching $397 billion, inGreg Abel's first quarter as chief executive officer. Bloomberg Intelligence Senior Analyst Matthew Palaz...

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May 2, 2026, 8:46 AM EDT - 22 hours ago

Berkshire Profits More Than Double on Gains in Insurance, Railroad, Energy Businesses

The conglomerate reported results just ahead of its annual shareholder meeting, where new CEO Greg Abel will take the stage in Warren Buffett's place.

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May 2, 2026, 8:30 AM EDT - 23 hours ago

America's biggest oil companies are making less money than before the Iran war

Even once the Strait of Hormuz reopens, it will take months for oil and gas flows to get back to normal, Exxon and Chevron warn.

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May 2, 2026, 8:29 AM EDT - 23 hours ago

CNBC is on the floor at Berkshire Hathaway's shopping extravaganza

CNBC's Mike Santoli is on the floor at Berkshire Hathaway's annual shopping extravaganza in Omaha — take a look.

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May 2, 2026, 8:21 AM EDT - 23 hours ago

Spirit's CEO on the Airline's Last Days

Dave Davis says the carrier tried to avoid shutdown chaos and didn't intend to harm its passengers.

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May 2, 2026, 8:15 AM EDT - 23 hours ago

Berkshire Hathaway operating profit rises, cash sets record

Berkshire Hathaway on Saturday reported a higher first-quarter operating profit, aided by gains in insurance and its other major ‌operating segments.

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May 2, 2026, 8:08 AM EDT - 23 hours ago

Spirit Airlines Shuts Down Operations After White House Bailout Collapse

Spirit Aviation Holdings Inc.is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by US President Donald T...

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May 2, 2026, 8:01 AM EDT - 23 hours ago

How Much Is AMD Stock Expected to Move After Earnings?

Advanced Micro Devices is slated to post earnings after the closing bell Tuesday, with the chipmaker's stock seen potentially climbing to new highs following the results.

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May 2, 2026, 8:00 AM EDT - 23 hours ago

Musk testimony dominated first week Musk v. Altman. 'You can't just steal a charity'

The first week of the Musk v. Altman trial concluded on Thursday, with proceedings set to resume next week.

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May 2, 2026, 7:30 AM EDT - 1 day ago

Japan just put a ‘Band-Aid' on the yen. Why high oil prices could soon rip it off.

Concerns about high oil prices are adding to inflation fears in Japan, as the BOJ just moved to rescue the yen from a roughly 40-year low.

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May 2, 2026, 6:42 AM EDT - 1 day ago

OPEC+ agrees in principle on small oil output quota hike without UAE, sources say

Seven OPEC+ countries have an agreement in principle to raise oil output targets by about 188,000 ‌barrels per day in June, pressing on with plans despite the departure of the UAE, two sources famil...

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May 2, 2026, 6:15 AM EDT - 1 day ago

Wall Street is shifting gears after Fed hold: these 5 stocks lead way

The Federal Reserve kept borrowing costs unchanged on Wednesday, holding the federal funds rate in the 3.50% to 3.75% range for a third straight meeting. But this was no routine pause.

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May 2, 2026, 6:05 AM EDT - 1 day ago

Greg Abel chairs his first Berkshire annual meeting, Buffett expected in audience

Abel must earn the trust of investors increasingly focused on technology and AI rather than Berkshire Hathaway's collection of insurers, retailers and hard-asset businesses in ‌energy, industrials and...

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May 2, 2026, 6:04 AM EDT - 1 day ago

Meta faces New Mexico trial that could force changes to Facebook, other platforms

A trial beginning in New Mexico on Monday could prompt a judge to order sweeping changes to how Facebook, Instagram and WhatsApp operate - a move Meta Platforms has warned could force it to withdraw ...

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May 2, 2026, 5:45 AM EDT - 1 day ago

I got a behind-the-scenes look at Walmart's new digital price tags that are sparking controversy

Walmart is rolling out digital price tags in its US stores, and public reaction has been mixed. I visited two locations to see how the tech works for employees and customers.

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May 2, 2026, 5:39 AM EDT - 1 day ago

Trump Auto Tariffs and Iran Oil Shock Raise Global Market Risk

Trump's proposed 25% tariff on EU cars and trucks and the U.S.-Iran oil shock could raise inflation risks, push Treasury yields higher, pressure European auto stocks, and challenge the U.S. stock mark...

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May 2, 2026, 4:02 AM EDT - 1 day ago

The future of aviation may be this Jetsons-like air taxi. I saw it fly over NYC for the first time.

Joby Aviation's electric air taxi demo over Manhattan impressed spectators with its futuristic flight. Joby says its eVTOL will cut NYC airport travel time to under 10 minutes with zero emissions.

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May 2, 2026, 4:00 AM EDT - 1 day ago

J&J's $1.7 Billion Drug Ushers in Age of Psychedelic Medicine

Spravato, the ketamine-derived nasal spray from Johnson & Johnson, was once seen as a long shot. It was difficult to deliver, heavily regulated and slow to catch on.

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May 2, 2026, 3:19 AM EDT - 1 day ago

Spirit says it is shutting down and ceasing operations immediately

The ultra-low-cost airline announced it is shutting down after nearly 50 years. A proposed bailout fell through.

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May 2, 2026, 2:40 AM EDT - 1 day ago

Spirit Airlines says it's going out of business after 34 years and is ending operations immediately

Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced Saturday that it has gone out of business after 34 years.

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