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Saturday, May 2, 2026

Daily edition · 2026-05-02 · 22 stories

May 3, 2026

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Ukraine's Kostyuk tops Russian Andreeva for title

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Spirit Airlines shuts down after Trump’s war on Iran doubled jet fuel prices

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Meta’s historic loss in court could cost a lot more than $375 million

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Ohio Republicans fear former ICE official could cost them a battleground House seat

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Newcastle end losing streak with victory over Brighton

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Berkshire Meeting Highlights Tough Balancing Act for Greg Abel

Greg Abel didn’t take long to address the elephant in the room.

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Aegon, Barclays Say Prepare for Market Pain

Skeptics including Aegon Asset Management and Barclays Plc are getting ready for April’s credit rally to potentially vanish as quickly as it appeared.

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Spirit Shuts Operations After White House Bailout Collapses

Spirit Aviation Holdings is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by US President Donald Trump fell through.

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OPEC+ Provisionally Agrees June Quota Increase, Delegate Says

Major OPEC+ nations came to a provisional agreement on another modest but symbolic increase to supply targets for June, in the group’s first move since the UAE’s surprise exit, a delegate said.

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Is This a Stock Market Melt-Up? Here Are Ways to Tell

The stock market is on a tear again, with high-flying technology stocks propelling the S&P 500 Index toward fresh records and luring swaths of momentum-chasing investors.

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Berkshire Hathaway’s Cash Surges in Abel’s First Quarter as CEO

Berkshire Hathaway Inc.’s cash pile soared to its highest level ever and operating earnings jumped in Greg Abel’s first quarter as chief executive officer.

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Trump Rues State of Iran Talks, Says Prefers Not to Strike

President Donald Trump expressed displeasure with the current state of negotiations with Iran but stopped short of threatening fresh military action in the nine-week conflict that’s triggered a global energy crisis.

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Spirit Ends Operations After White House Bailout Collapses

Spirit Aviation Holdings Inc.

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Iran War Drags On as Blockade Continues in Hormuz

Telegraph Senior Foreign Correspondent Adrian Blomfield provided an on-the-ground, and on the water, report from the Strait of Hormuz.

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UAE Departs OPEC as Iran Feel Economic Sting of Blockade

Exxon Mobil Corp.

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Bloomberg This Weekend 5/02/2026

The news doesn’t stop when markets close.

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Spirit Airlines Shuts Down at Airports Across US

The collapse of Spirit Airlines is cascading through airports across the US, leaving passengers stranded mid-journey and sending rival carriers into rapid-response mode to contain the damage.

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Columbia’s Outlook Revised to Negative as Trump Slams Colleges

Columbia University’s credit outlook was revised to negative by Moody’s Ratings, which cited rising risks tied to the “federal environment for higher education.”

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Thyssenkrupp, Jindal Steel Pause Talks on Steel Unit Stake

Thyssenkrupp AG said it and Jindal Steel International agreed to pause talks about the Indian company acquiring a stake in its steel unit.

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Bloomberg House Miami Highlights F1 Grand Prix

Formula One racing returns to Miami this weekend, with the fourth leg in the world championship speeding through south Florida.

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India-Linked Ship Carrying Cooking Fuel Manages Hormuz Exit

An India-linked tanker laden with liquefied petroleum gas has managed to transit the Strait of Hormuz, a rare crossing that underscores the country’s struggle to alleviate an historic energy crisis.

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Beijing Tells Chinese Firms to Ignore US Sanctions on Refiners

China ordered companies in the country not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, in a defiant move aimed at softening the impact of penalties.

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Hungary Warns of Drought Hit to Agriculture From April Dry Spell

Hungary’s incoming government said it plans to take emergency steps to help farmers as a dry spell during much of April is leading to a severe drought in the grain-producing country.

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Corporate America Earnings Beat Back Wall Street’s Wall of Worry

First-quarter earnings season is delivering Wall Street better-than-expected results, propelling US equities’ run from one record to the next.

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Berkshire Hathaway Posts $11.35 Billion Earning

Berkshire Hathaway Inc.’s cash pile jumped to its highest level ever, reaching $397 billion, inGreg Abel’s first quarter as chief executive officer.

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Meta’s historic loss in court could cost a lot more than $375 million

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Ohio Republicans fear former ICE official could cost them a battleground House seat

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08

Newcastle end losing streak with victory over Brighton

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