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S&P 500 closes at a new record to usher in May as oil prices cool and Apple rises: Live updates - CNBC
The S&P 500 breached the 7,100‑point barrier on May 1, buoyed by a jump in Apple shares, while oil prices eased after Iran’s abrupt closure of the Strait of Hormuz. The rally also extended NASDAQ’s lo
Apple Shares Jump 3% on Strong iPhone, Mac Demand
Apple’s shares surged more than 3% after the company posted a 17% revenue jump to $111.2 billion, beat forecasts, and projected 14‑17% year‑over‑year growth for the June quarter—well above analysts’ 9
NY Fed Confirms K-Shaped Economy: Top Earners Drive Spending
New York Fed research confirms the U.S. economy's K-shaped dynamics, showing that since 2023, high-income households have driven virtually all real retail spending growth while low-income consumers ha
Crypto Biz: Capital has no consensus
BitMine doubled down on Ether, adding 101,000 ETH to push its exposure to $17.6 billion despite $6.5 billion in unrealized losses, while stablecoin transfers slipped 19% and OKX introduced BlackRock’s
Fed Divided Over Rates Amid Trump Pressure
The Federal Reserve's latest meeting exposed deep divisions among officials over interest rate policy, with several dissenting members citing persistent inflation risks — a rebuke to President Trump's
Apple Forecasts Strong Growth, Stock Rally
Apple announced a robust forecast, citing strong iPhone and Mac demand that helped it beat Q2 earnings estimates and trigger its sharpest stock rally in nine months. The company also signaled a shift
Apple Earnings Beat Lifts Dow Futures, SanDisk Falls
Apple's earnings beat sent its shares higher, lifting Dow Jones futures and pushing the market to fresh highs, while SanDisk slipped amid the rally. The morning roundup also flagged a DHS shutdown and
Ares Management raises $29.5bn in Q1, hits $644bn AUM
Ares Management reported $29.5bn of Q1 investor commitments, including $19.7bn in equity, pushing assets under management to $644bn and underscoring strong demand for its diversified credit and real‑e
Spot Bitcoin ETF outflows top $490M: Is BTC’s rally losing momentum?
Bitcoin’s rally is stalling as spot ETFs shed $490 million in three days, while soaring oil prices from Iran’s Hormuz blockade and a record‑high S&P 500 pull capital toward equities. Inflation‑driven
AI Investment Boosted Economic Growth, While Consumers Tapped the Brakes - WSJ
AI spending helped lift U.S. GDP 2% in early 2026, offsetting the drag from a consumer slowdown. Meanwhile, the Iran‑related energy shock pushed inflation higher, underscoring a mixed economic picture
U.S. economy grows 2% in Q1 on investment, spending
U.S. growth modestly expanded at 2% in Q1, buoyed by higher investment and government spending, even as consumers feel fatigue amid rising prices, a mixed signal that underscores a balancing act betwe
Apple Jumps 4% as iPhone 17, MacBook Neo Beat Forecasts
Apple's shares jumped nearly 4% after-hours as the company beat quarterly revenue and profit expectations, fueled by blowout demand for the iPhone 17 and the new $500 MacBook Neo, while announcing a $
Apple Beats Forecasts on iPhone 17 Demand
Apple's Q2 earnings beat analyst forecasts, fueled by a surge in iPhone 17 and Mac sales, especially in China. The strong Chinese demand underscores US tech's resilience amid China's widening global c
Veeva Systems to join S&P 500 index, replacing Coterra Energy
Veeva Systems will replace Coterra Energy in the S&P 500 on May 7, sparking a near‑10% after‑hours rally. Despite a 30% YTD decline amid AI worries, the cloud‑software firm posted a 16% revenue jump a
BofA Lifts Microsoft EPS, Keeps $500 Target
Bank of America lifted its Microsoft EPS forecasts for 2026-2028 after the software giant posted Q3 revenue of $82.9 billion and topped Wall Street expectations, even as shares slid on heavy capex gui
Alphabet Stock Up 34% as Cloud Revenue Reaches 18%
Alphabet’s earnings beat showed Google Cloud now accounts for 18% of the company’s revenue, lifting the stock 34% after its best month since 2004. The surge coincides with Sundar Pichai’s rollout of G
Big Tech AI Capex Projected to Top $1T in 2027
Wall Street analysts now project hyperscaler AI capital expenditures will surpass $1 trillion in 2027, with Microsoft, Alphabet, Amazon, and Meta all raising 2026 spending plans — even as investor scr
BofA Raises Alphabet Target After Earnings Beat
Bank of America lifted its price target for Alphabet after the company posted a strong earnings beat, reflecting confidence in its expanding AI and cloud businesses. At the same time, Google Cloud now
Meta Stock Loses $175 Billion on Higher AI Capex Forecast
Meta shares plunged roughly 10% Thursday, erasing about $175 billion in market value after the company raised its 2026 capex forecast to $125–$145 billion for AI infrastructure, even as Q1 earnings be
ECB Holds Rates as Oil Falls and Markets Rebound
The European Central Bank left its policy rate unchanged as inflation stays stubborn, while rising fuel costs pressure policymakers. Simultaneously, oil prices fell, lifting European markets, and the
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