US Gas Prices Surge to $4.30/Gallon as Iran War and Hormuz Blockade Drive Energy Costs Higher
US gasoline prices have jumped nearly 30 cents in one week to $4.30 per gallon, driven by the Iran war and the Strait of Hormuz blockade.
Finance
US Stocks Close April at Record Highs: S&P 500, Nasdaq Hit New Peaks in Best Month Since 2020
On April 30, the S&P 500 breached 7,200 for the first time as both the index and Nasdaq closed at record highs. The Dow surged nearly 800 points, marking the best monthly performance since 2020.
UAE Announces Exit from OPEC as US-Iran Negotiations Stall
The United Arab Emirates announces it will exit the Organization of the Petroleum Exporting Countries, sending shockwaves through global energy markets as US-Iran ceasefire talks remain stalled.
Oil Prices Hit Highest Since 2022; Bank of England Warns of Inflation Risks
Oil prices surged to their highest level since 2022 after Axios reported US Central Command prepared strike plans against Iran; the Bank of England held rates but warned Middle East conflict could fuel inflation.
Oil Prices Hit Highest Since 2022 as Iran Conflict Escalates
Brent crude surged past $126 a barrel — the highest since 2022 — after reports the US military is preparing new strike options against Iran. The ongoing closure of the Strait of Hormuz continues to disrupt global energy supplies.
Apple Reports 'Extraordinary' iPhone Demand as Tim Cook Prepares to Step Down
Apple reports Q1 2026 revenue of $111 billion, up 17% year-over-year, with China sales surging 28%. Cook calls iPhone 17 the ‘most popular launch in Apple’s history’ as he prepares to hand over the CEO role to John Ternus in September.
US military loses $2.8 billion in aerial equipment in Iran war
A US-based think tank report reveals that the United States has lost up to $2.8 billion worth of aerial equipment in the conflict with Iran, highlighting the heavy material cost of the military operation.
Wall Street April Surge: S&P 500 Closes Above 7,200 for First Time, Dow Jumps Nearly 800 Points in Best Month Since 2020
U.S. stocks surged on the final trading day of April, with the S&P 500 closing above 7,200 for the first time and the Dow jumping nearly 800 points, as all three major indices posted their biggest monthly gains since 2020.
Apple Q2 2026 Earnings Beat: $111.2B Revenue, Services Hit Record $31B
Apple reports Q2 FY2026 results with $111.2B in revenue, up 17% year-over-year, services revenue reaches a record $31B, and announces an additional $100B share buyback program, beating Wall Street expectations.
US GDP Rebounds 2.0% in Q1 2026: AI Investment Drives Growth, But Inflation Looms
US Commerce Department reports Q1 2026 GDP grew at a 2.0% annualized rate, rebounding from a weak Q4, driven by massive AI sector investment and recovering government spending, though consumer spending slowdown and rising core PCE raise inflation concerns.