business news
Recent inflation data was ‘bad news,’ Fed’s Goolsbee says
Austan Goolsbee, President and CEO, Federal Reserve Bank of Chicago speaks at The Capital Hilton during the 42nd annual National Association for Business Economics Economic Policy Conference on February 24, 2026 in Washington, DC. Luke Johnson | Getty Images Inflation data last week was “bad news” for the U.S. Federal Reserve and means the Fed […]
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Global week ahead: Is ‘Sell in May’ just a myth?
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., April 17, 2026. Brendan McDermid | Reuters Conventional wisdom can be a stubborn force. As the trading month of May gets into full swing this week, should investors continue to follow the old adage of […]
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Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000
U.S. President Donald Trump departs the White House in Washington, D.C., U.S., May 1, 2026. Kevin Lamarque | Reuters President Donald Trump said Saturday the U.S. will significantly reduce its troop presence in Germany, escalating a dispute with Chancellor Friedrich Merz as he seeks to scale back America’s commitment to European security. The Pentagon on […]
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Golden Tempo wins the 152nd Kentucky Derby
Golden Tempo #19, ridden by jockey Jose Ortiz, crosses the finish line to win the 152nd running of the Kentucky Derby at Churchill Downs on May 02, 2026 in Louisville, Kentucky. Michael Reaves | Getty Images Sport | Getty Images Golden Tempo stormed to victory at the 152nd running of the Kentucky Derby at Churchill Downs on Saturday, […]
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Trump says he is reviewing a new Iranian proposal to end the war
U.S. President Donald Trump speaks with reporters at Palm Beach International Airport in West Palm Beach, Florida on May 2, 2026, before boarding Air Force One en route to Miami. Jim Watson | Afp | Getty Images U.S. President Donald Trump said on Saturday he had been told about the concept of a deal with […]
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‘Godspeed my friend’: Inside the final hours at Spirit Airlines
Spirit Airlines kiosks at New York’s LaGuardia Airport on May 2, hours after the carrier shut down. Leslie Josephs/CNBC BALTIMORE/NEW YORK — Spirit Airlines was hours away from its final flights Friday afternoon. Jeremiah Burton was hours away from his first. “It’s my first time flying,” Burton, a 45-year-old air conditioning and heating technician, told […]
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After Spirit collapse, Duffy says there’s no need for government budget airline bailout
Sean Duffy, US secretary of transportation, during a news conference in Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Monday, Nov. 24, 2025. Victor J. Blue | Bloomberg | Getty Images U.S. Transportation Secretary Sean Duffy said on Saturday he does not think the government needs to bail out […]
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OPEC+ set for another oil output quota hike despite Hormuz closure, sources say
OPEC+ has agreed in principle to raise oil output targets in June, two sources familiar with the group’s thinking said on Saturday, but the increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf oil supplies. Seven OPEC+ countries have an agreement in principle to raise oil output targets […]
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The S&P 500 and Nasdaq kept their record rallies going. Here are 3 key takeaways
Yet another record week for stocks. Strong first-quarter earnings and a war-driven spike in oil made for another historic week on Wall Street. Investors also made sense of a spate of economic data and the Federal Reserve’s latest interest rate decision. The S & P 500 and Nasdaq Composite gained 0.9% and 1.1%, respectively, over […]
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Airfare amid Iran war: Buy now or wait out the conflict? Experts weigh the risks
Travelers in Terminal 1 at John F. Kennedy International Airport in New York, March 1, 2026. Michael Nagle | Bloomberg | Getty Images As airfare continues to climb amid the Iran war, prospective travelers may be wondering: Should I buy my plane ticket now or wait to see if things improve? Travel experts say the […]
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