Roblox Shares Plunge 18% as Child Safety Measures Hit Booking Revenue
Roblox shares plummeted 18% after earnings, as the company’s child safety measures significantly impacted bookings, raising investor concerns about growth prospects.
Finance
US Jobs Report Expected to Show Labor Market Resilience Despite Iran War
Bloomberg analysis suggests the upcoming US jobs report is expected to show continued labor market resilience despite the uncertainty caused by the Iran war.
S&P 500 Closes Above 7,200 for First Time, Nasdaq Tops 25,000 in Historic Rally
The S&P 500 closes above 7,200 for the first time and the Nasdaq Composite surpasses 25,000, driven by Apple’s strong earnings and the best April rally since November 2020.
Big Oil CEOs Warn Global Energy Is Accelerating Toward 'Cliff's Edge'
Multiple international oil company CEOs warn at industry conference that the Hormuz Strait crisis and global supply chain tensions are pushing energy markets to a critical tipping point, with supply disruption risks rising sharply.
Berkshire Hathaway Q1 Profits More Than Double on Insurance, Railroad, Energy Gains
Berkshire Hathaway reports first-quarter profits that more than double year-over-year, with strong growth across insurance, railroad, and energy businesses, exceeding Wall Street expectations.
Saudi Arabia Withdraws LIV Golf Funding, League Faces Restructuring
Saudi Arabia’s Public Investment Fund (PIF) formally announces it will end funding for LIV Golf after the 2026 season, as the league appoints a new board and seeks independent operations.
Spirit Airlines Prepares to Shut Down After Government Rescue Deal Fails
Ultra-low-cost carrier Spirit Airlines prepares to cease operations after a Trump administration bailout deal falls through, with Iran-war-driven oil prices proving the final blow.
Spirit Airlines Shuts Down After Rescue Talks Collapse
US low-cost carrier Spirit Airlines ceases operations after rescue talks with the Trump administration over a $500m bailout package collapse.
S&P 500 closes at record high as AI rally drives tech stocks higher
The S&P 500 index closed at a new all-time high on Thursday, driven by an ongoing AI investment surge that powered tech stocks higher, with Apple leading Wall Street gains.
Stock Market Hits Fresh Records: AI Trade Fuels Tech Rally as Nvidia Market Cap Reclaims $5 Trillion
Driven by sustained AI investment enthusiasm, the S&P 500 and Nasdaq both hit all-time highs, with Nvidia’s market cap breaking above $5 trillion once again and Apple shares surging.