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Today: May 06, 2026
Today: May 06, 2026

Economy

Business|Crime|Economy|US

2 killed and 3 injured in back-to-back shootings north of Dallas, police say

Texas police say a man shot five people, killing two, in back-to-back shootings Tuesday near Dallas because he was angry over business dealings with the victims

2 killed and 3 injured in back-to-back shootings north of Dallas, police say
Business|Economy|Europe|World

Ireland services sector contracts for first time in five years, PMI shows

Ireland's services sector contracted for the first time in over five years in April as inflationary pressure caused by the Middle East conflict intensified and new business

Ireland services sector contracts for first time in five years, PMI shows
Business|Economy|World

South Korea inflation near two-year high, raising likelihood of rate hikes

South Korea's consumer prices rose in April at the steepest pace in nearly two years on a surge in oil prices triggered by the Middle East conflict, raising the

South Korea inflation near two-year high, raising likelihood of rate hikes
Business|Economy|Political|World

Fitch upgrades Argentina to 'B-' on Milei's economic reforms

Global ratings agency Fitch on Tuesday upgraded Argentina's long-term foreign currency and local currency issuer default rating to "B-" from "CCC+", with a stable outlook.

Fitch upgrades Argentina to 'B-' on Milei's economic reforms
Business|Economy|Technology|World

Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge

The market capitalisation of Samsung Electronics' common stock surpassed $1 trillion on Wednesday, making it the second Asian company after TSMC to reach the milestone.

Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge
Business|Crime|Economy|Finance|US

Man charged in US with stealing $450 million from Mexican billionaire in loan scheme

U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million

Man charged in US with stealing $450 million from Mexican billionaire in loan scheme
Business|Crime|Economy|World

Eight dead in fire at shopping centre west of Tehran, Iranian media say

At least eight people died and 36 were hurt after a fire broke out in a shopping centre west of Tehran on Tuesday, Iranian state broadcaster IRIB reported.

Eight dead in fire at shopping centre west of Tehran, Iranian media say
Business|Economy|Environment|Political|World

US gasoline prices top $4.50 a gallon as summer driving season nears

The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data from GasBuddy showed, as the U.S

US gasoline prices top $4.50 a gallon as summer driving season nears
Business|Economy|Environment|Finance|Stock Markets|US|World

Gasoline costs 50% more in the US than it did before the Iran war

The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA

Gasoline costs 50% more in the US than it did before the Iran war
Business|Economy|Finance|Stock Markets|World

New Zealand jobless rate falls to 5.3% in Q1, labour market remains slack

New Zealand's jobless rate fell to 5.3% in the first quarter, but data released on Wednesday indicated plenty of spare capacity in the market and subdued

New Zealand jobless rate falls to 5.3% in Q1, labour market remains slack
Economy|Election|Finance|Political|US

Vice President Vance woos Iowa Republican voters ahead of 2028

Vice President JD Vance has visited Iowa to promote the administration's tax and tariff policies while campaigning on behalf of Iowa Rep. Zach Nunn

Vice President Vance woos Iowa Republican voters ahead of 2028
Business|Economy|Political|World

Trump will host Brazilian president for talks on economy and security, a White House official says

President Donald Trump will host Brazilian President Luiz Inácio Lula da Silva on Thursday for talks about shared economic and security issues

Trump will host Brazilian president for talks on economy and security, a White House official says
Economy|Environment|MidEast|Political|US|World

The Latest: Trump says he has paused effort to guide vessels from the Strait of Hormuz

President Donald Trump says he has paused the U.S. effort to guide stranded commercial vessels from the Strait of Hormuz to finalize a deal with Iran to end the war

The Latest: Trump says he has paused effort to guide vessels from the Strait of Hormuz
Business|Economy|Science|Technology

Meta plans advanced 'agentic' AI assistant for users, FT reports

Meta is building a highly personalized artificial intelligence assistant to carry out everyday tasks for its billions of users, the Financial Times reported on Tuesday, as the

Meta plans advanced 'agentic' AI assistant for users, FT reports
Business|Economy|Finance|Stock Markets|Technology

Super Micro bets on AI server demand to provide upbeat forecast, shares soar

Super Micro Computer forecast fourth-quarter revenue and adjusted profit above Wall Street estimates on Tuesday, banking on robust demand for its artificial intelligence

Super Micro bets on AI server demand to provide upbeat forecast, shares soar
Business|Economy|Finance|Stock Markets|Technology|US

EV maker Lucid suspends forecast, misses quarterly revenue estimates

Lucid Group suspended its full-year forecast and reported its biggest revenue miss in more than four years on Tuesday, as a supplier-related issue disrupted

EV maker Lucid suspends forecast, misses quarterly revenue estimates
Business|Economy|Political|US|World

Rubio says status quo in Cuba unacceptable and US will address it

U.S. Secretary of State Marco Rubio on Tuesday said that the status quo in Cuba was unacceptable, adding that the U.S. would address it, but not today.

Rubio says status quo in Cuba unacceptable and US will address it
Business|Economy|Science|Technology

AMD forecasts revenue above expectations on strong AI demand, shares jump 12%   

By Zaheer Kachwala and Max A.

AMD forecasts revenue above expectations on strong AI demand, shares jump 12%   
Business|Economy|Finance|Travel|World

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs

LATAM Airlines slashed its 2026 core earnings forecast on Tuesday, as higher jet fuel prices driven by the conflict in the Middle East significantly increased costs

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs
Business|Economy|Finance|Stock Markets|Technology

Trading Day: Rarified AIr

The S&P 500 and Nasdaq sailed to new highs on Tuesday, riding the crest of yet another wave of optimism around the artificial intelligence boom.

Trading Day: Rarified AIr
Business|Economy|Technology|World

Saylor's Strategy posts wider quarterly loss on bitcoin slump

Michael Saylor's Strategy reported a wider first-quarter loss on Tuesday, hammered by a slump in bitcoin prices that weighed on the value of its sizeable crypto holdings amid

Saylor's Strategy posts wider quarterly loss on bitcoin slump
Business|Economy|Entertainment|Technology

Theater operator AMC beats revenue estimates on strong box office and premium format demand

AMC Entertainment beat quarterly revenue estimates on Tuesday, as a recovering box office and strong demand for its premium movie formats helped the cinema chain draw more moviegoers

Theater operator AMC beats revenue estimates on strong box office and premium format demand
Business|Economy|Technology

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday, citing a person with knowledge of

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports
Business|Economy|World

CS Anthem chemical tanker was second US-flagged vessel to exit Strait of Hormuz

The CS Anthem chemical tanker exited the Strait of Hormuz on Monday, its operator said on Tuesday, becoming the second commercial U.S.-

CS Anthem chemical tanker was second US-flagged vessel to exit Strait of Hormuz
Business|Economy|Technology

Apple settles lawsuit over late Siri AI features for $250 million

Apple on Tuesday settled for $250 million a shareholder lawsuit brought after the company delayed artificial-intelligence upgrades to its Siri voice

Apple settles lawsuit over late Siri AI features for $250 million
Economy|MidEast|Political|World

Trump pauses effort to escort ships in Strait of Hormuz, citing deal progress

U.S.

Trump pauses effort to escort ships in Strait of Hormuz, citing deal progress
Business|Economy|Finance|Travel|US

Spirit Airlines has stopped flying. Here's what happens next

Spirit Airlines has secured court approval to begin dismantling the once-busy budget carrier and sell its parts to pay creditors

Spirit Airlines has stopped flying. Here's what happens next
Business|Crime|Economy|Entertainment|Lifestyle

Woman says small donation in parking lot turned into $5,000 ordeal

Woman says small donation in parking lot turned into $5,000 ordeal

Woman says small donation in parking lot turned into $5,000 ordeal
Business|Crime|Economy|Health

Bank drive-thru collapses on multiple vehicles, one person taken to hospital

Bank drive-thru collapses on multiple vehicles, one person taken to hospital

Bank drive-thru collapses on multiple vehicles, one person taken to hospital
Business|Crime|Economy|Political|US|World

Defiant border czar brushes away MAGA critics, says ‘mass deportations are coming’

Defiant border czar brushes away MAGA critics, says ‘mass deportations are coming’

Defiant border czar brushes away MAGA critics, says ‘mass deportations are coming’
Business|Economy|MidEast|Political|US|World

Rubio says US has achieved objectives of Iran operation

U.S.

Rubio says US has achieved objectives of Iran operation
Business|Economy|Finance|Stock Markets|Technology

Flex to spin off AI data-center infrastructure unit into listed company

Contract manufacturer Flex on Tuesday outlined plans for a strategic break-up to monetize its exposure to artificial intelligence, saying it would spin off

Flex to spin off AI data-center infrastructure unit into listed company
Asia|Business|Economy|Political|World

Trump, Xi likely to discuss Taiwan next week, U.S. says

Taiwan is likely to be a topic of conversation between U.S.

Trump, Xi likely to discuss Taiwan next week, U.S. says
Americas|Crime|Economy|Political|World

Brazil's Lula to raise organized crime in talks with Trump this week

Brazil President Luiz Inacio Lula da Silva will bring up the topic of an agreement to combat organized crime in his meeting with U.S. counterpart Donald Trump this week,

Brazil's Lula to raise organized crime in talks with Trump this week
Business|Economy|Science|Technology

OpenAI projects $50 billion spending on computing power this year, Brockman says

OpenAI expects to spend $50 billion on computing power this year, co-founder and President Greg Brockman said during his testimony in the company's courtroom battle with Elon Musk on

OpenAI projects $50 billion spending on computing power this year, Brockman says
Business|Economy|Fashion and Beauty|Finance|Stock Markets

Coty reinstates annual profit target, warns of Middle East challenges

CoverGirl parent Coty on Tuesday flagged a hit to sales from the conflict in the Middle East, even as it leaned on cost-cutting to reinstate its annual profit target.

Coty reinstates annual profit target, warns of Middle East challenges
Arts|Business|Economy|Entertainment|Environment|Finance|Political|Science|Technology|World

FCC commissioner seeks rigorous review of foreign investment in Warner Bros deal

The sole Democrat on the Federal Communications Commission on Tuesday called for a rigorous review of the foreign ownership interests in a proposed

FCC commissioner seeks rigorous review of foreign investment in Warner Bros deal
Business|Economy|Entertainment|Finance|Technology

Match Group beats revenue estimates as Hinge grows, Tinder resets amid AI push

Match Group posted first-quarter revenue above estimates on Tuesday, driven by the solid performance of dating app Hinge and early signs that a turnaround at Tinder

Match Group beats revenue estimates as Hinge grows, Tinder resets amid AI push
Business|Economy|Technology

Skyworks Solutions forecasts higher revenue on strong chip demand

Skyworks Solutions forecast quarterly revenue above estimates on Tuesday, betting on strong demand for its radio-frequency chips used in premium smartphones.

Skyworks Solutions forecasts higher revenue on strong chip demand
Business|Economy|Finance|US|World

Hedge fund Citadel bets on Miami as debate over New York second homes heats up

Hedge fund Citadel is "doubling down" on its Miami ventures, billionaire CEO Ken Griffin said on Tuesday, after criticism from New York City's mayor who is

Hedge fund Citadel bets on Miami as debate over New York second homes heats up
Business|Economy|Technology

Growth in gaming accessories pushes Logitech's fourth-quarter sales higher

Logitech International on Tuesday reported better-than-expected results for the fourth quarter, with the computer hardware maker seeing strong growth in gaming

Growth in gaming accessories pushes Logitech's fourth-quarter sales higher
Arts|Business|Economy|Entertainment|Finance|Stock Markets|Technology|US

Live Nation posts upbeat quarterly revenue on steady demand for concerts

Live Nation Entertainment beat analysts' estimates for first-quarter revenue on Tuesday, underscoring steady demand for concerts and live events even as the Ticketmaster parent faces

Live Nation posts upbeat quarterly revenue on steady demand for concerts
Business|Economy|Political|Travel|World

US says Mexico will address American airline access concerns in Mexico City

The Mexican government has agreed to improve aviation access to Mexico City, U.S.

US says Mexico will address American airline access concerns in Mexico City
Business|Economy|Technology|World

Freshworks to cut 11% jobs as AI reshapes software industry

Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company navigates the industrywide disruptions caused by

Freshworks to cut 11% jobs as AI reshapes software industry
Arts|Business|Economy|Education|Entertainment|Lifestyle|Political|Sports

New York Times sued by US employment agency over diversity, hiring

The New York Times was sued on Tuesday by the U.S.

New York Times sued by US employment agency over diversity, hiring
Asia|Business|Economy|Finance|MidEast|Stock Markets|World

Wall Street rallies to records after oil prices ease and corporate profits keep topping expectations

The U.S. stock market rose to records after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected

Wall Street rallies to records after oil prices ease and corporate profits keep topping expectations
Economy|Europe|Finance|World

Germany's struggling coalition government strives to bridge differences

German Chancellor Friedrich Merz stuck with his centre-left coalition partners on Tuesday despite weeks of wrangling over tax, welfare

Germany's struggling coalition government strives to bridge differences
Business|Economy|Environment|Finance|Stock Markets

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down

A judge in the Southern District of New York Bankruptcy Court said on Tuesday that it was "a

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down
Arts|Business|Crime|Economy|Election|Finance|Political|US|World

Senate Republicans seek $1 billion for Secret Service upgrades, including Trump's ballroom 

U.S.

Senate Republicans seek $1 billion for Secret Service upgrades, including Trump's ballroom 
Economy|Finance|Stock Markets|World

Wall Street stocks touch records on upbeat earnings, dip in oil

U.S. and global stocks jumped on Tuesday, taking heart from a series of robust earnings, while oil prices eased despite still-simmering

Wall Street stocks touch records on upbeat earnings, dip in oil
Business|Economy|Finance|Political|US|World

US authorizes services to Venezuela connected with potential debt restructuring

May 5 - The United States has issued a general license authorizing legal, financial advisory, and consulting services linked to potential debt restructuring in Venezuela, including the South American

US authorizes services to Venezuela connected with potential debt restructuring
Business|Economy|Finance|Sports|Stock Markets|US

Bets surge against Nike, heaping pressure on CEO Hill

By Nicholas P.

Bets surge against Nike, heaping pressure on CEO Hill
Business|Economy|Finance|Stock Markets|US|World

S&P 500 and Nasdaq notch records as AI chip stocks surge

The S&P 500 and Nasdaq notched record high closes on Tuesday, lifted by Intel and other AI-related stocks, as a U.S.-Iran ceasefire held firm and

S&P 500 and Nasdaq notch records as AI chip stocks surge
Business|Economy|Europe|Political|World

Czechs pack Prague's Old Town Square to protest government media plans

Thousands of Czechs filled Prague's Old Town Square on Tuesday to show their support for public media and protest planned government changes to funding of the state

Czechs pack Prague's Old Town Square to protest government media plans
Business|Economy|Food|World

Brazil's beef exports could drop 10% in 2026 due to Chinese tariffs, says lobby ABIEC

Brazil's beef exports could drop 10% in 2026 from the year before due to China's 55% tariff on beef imports that exceed quota levels, lobby group ABIEC president Roberto

Brazil's beef exports could drop 10% in 2026 due to Chinese tariffs, says lobby ABIEC
Business|Economy|Health|Lifestyle|Technology

Layoffs lead unemployed people on hiking journey in search of community

Layoffs lead unemployed people on hiking journey in search of community

Layoffs lead unemployed people on hiking journey in search of community
Economy|Education|Finance|Political|World

Carney names former Supreme Court Justice Louise Arbour as Canada's next governor general

Prime Minister Mark Carney has named retired Supreme Court justice Louise Arbour as Canada’s next governor general

Carney names former Supreme Court Justice Louise Arbour as Canada's next governor general
Business|Crime|Economy|Health|Lifestyle|Political

Family seeks justice one month after man dies in police custody

Family seeks justice one month after man dies in police custody

Family seeks justice one month after man dies in police custody
Business|Economy|Education|Environment|Health|Science|Technology

White House wants to vet powerful AI models for risks − a computer scientist explains why AI safety is so difficult

Once powerful AI models are released, it’s nearly impossible to keep them from being misused. Minimizing the risk means making safety the top priority in developing the systems.

White House wants to vet powerful AI models for risks − a computer scientist explains why AI safety is so difficult
Business|Economy|Food|Lifestyle

Tomato prices hit highest point since 2016, straining South Tucson restaurant's budget

Tomato prices hit highest point since 2016, straining South Tucson restaurant's budget

Tomato prices hit highest point since 2016, straining South Tucson restaurant's budget
Business|Economy|Europe|Opinion|Science|Technology

Top European tech CEOs call for easier AI rules

Europe's AI regulations should be reduced and simplified, chief executives of seven of Europe's top technology firms including Christophe Fouquet of the biggest, computer

Top European tech CEOs call for easier AI rules
Business|Economy|Europe|Political|World

EU urges US to restore trade deal tariffs as anniversary nears

The European Union's trade chief has urged the United States to swiftly restore the tariffs agreed in last year's EU-US trade deal, the European Commission said on Tuesday.

EU urges US to restore trade deal tariffs as anniversary nears
Business|Economy|Finance|Stock Markets|World

US SEC proposes allowing public companies to opt out of quarterly earnings reports

Wall Street's top regulator on Tuesday proposed allowing U.S.-traded companies to switch from quarterly to twice-annual earnings

US SEC proposes allowing public companies to opt out of quarterly earnings reports
Business|Economy|World

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse

HSBC reported an unexpected $400 million loss linked to the collapse of British-based mortgage lender Market Financial Solutions on

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse
Business|Economy|Finance|Technology|World

Revolut invests $64 million to boost Mexico growth after launch

The Mexican arm of digital bank Revolut, which launched in the country in late January, reported a capital injection of about $64 million last month, raising its total

Revolut invests $64 million to boost Mexico growth after launch
Business|Economy|Environment|World

G7 in talks to set up permanent unit to oversee critical minerals agenda

The Group of Seven countries are in talks to create a permanent secretariat to ensure initiatives to increase critical mineral

G7 in talks to set up permanent unit to oversee critical minerals agenda
Business|Economy|World

US industries, trade groups split over Trump's tariff probe on excess factory capacity

Domestic U.S. industries are urging the Trump administration this week to impose higher tariffs to curb the rising tide of exports from China and other

US industries, trade groups split over Trump's tariff probe on excess factory capacity
Business|Economy|Finance|Travel|US|World

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but shutdown

A lawyer for defunct Spirit Airlines said Tuesday that sharply higher jet fuel prices left "no remaining way out" of bankruptcy and forced the budget carrier's shutdown as it seeks

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but shutdown
Asia|Business|Economy|Environment|Finance|Technology|World

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say

Airbus plans to announce an order on Wednesday for about 150 A220 jets from AirAsia, in a boost for the planemaker's smallest jetliner that has recently lost orders to

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say
Business|Economy|Europe|Political|World

Macron plans to tap ally Moulin to run French central bank

President Emmanuel Macron plans to nominate his former chief of staff, Emmanuel Moulin, as France's next central bank governor, the Elysee said on Tuesday,

Macron plans to tap ally Moulin to run French central bank
Business|Economy|Europe|Finance|World

Europe needs bigger banks to compete with US, China, Eurogroup chairman says

The European Union needs its banks to be bigger if they are to compete with their counterparts in the United States and China, the chairman of the euro zone's finance

Europe needs bigger banks to compete with US, China, Eurogroup chairman says
Business|Economy|Health

Pfizer pins post 2028 return to growth on new obesity and cancer drugs

Pfizer said on Tuesday that it expects to return to stronger growth after 2028, driven by obesity drugs in development, a patent extension for

Pfizer pins post 2028 return to growth on new obesity and cancer drugs
Economy|Education|Health|Political|Sports

Student earns highly exclusive scholarship

Student earns highly exclusive scholarship

Student earns highly exclusive scholarship
Business|Crime|Economy|Education|Lifestyle

Roofer fights back against scams targeting seniors

Roofer fights back against scams targeting seniors

Roofer fights back against scams targeting seniors