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today's top stories

  • Trump Offers Final Bailout Proposal As Spirit Airlines Faces Possible Liquidation May 01, 2026 16:46 ET

    Donald Trump recently announced that his administration has put forward a final bailout proposal for Spirit Airlines Inc. (SAVE), which is at risk of going out of business without immediate financial help.

  • U.S. Stocks Pull Back Off Best Levels But Close Mostly Higher May 01, 2026 16:16 ET

    After showing a strong move to the upside early in the session, stocks gave back ground over the course of the trading day on Friday. The major averages pulled back well off their highs of the session, with the Dow sliding into negative territory. The major averages eventually ended the day mixed.

  • Mayo Clinic AI Tool Helps Detect Pancreatic Cancer Early May 01, 2026 14:24 ET

    An artificial intelligence or AI tool developed by Mayo Clinic can help doctors find pancreatic cancer much earlier than usual, even up to three years before it is normally diagnosed. "The greatest barrier to saving lives from pancreatic cancer has been our inability to see the disease when it is...

  • Can Drinking More Water Really Prevent Kidney Stones? May 01, 2026 13:28 ET

    People who get painful kidney stones again and again are usually told to drink more water to stop them from forming. To test if this really helps, researchers at the Cleveland Clinic conducted a large study. "Kidney stone disease is a chronic condition, punctuated by unpredictable, sometimes excruciatingly...

  • U.S. Stocks Mostly Higher On Upbeat Apple Earnings May 01, 2026 11:12 ET

    Stocks have moved mostly higher during trading on Friday, extending the strong upward move seen over the course of the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs. Currently, the major averages are well off their highs of the session but still in positive territory.

  • U.S. Manufacturing Index Unexpectedly Unchanged In April May 01, 2026 10:45 ET

    Manufacturing activity in the U.S. expanded for the fourth consecutive month in April, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI came in at 52.7 in April, unchanged from March. While a reading above 50 still indicates growth, economists had expected the index to inch up to 53.0.

  • Apple May Help Lead Extended Upward Move On Wall Street May 01, 2026 08:50 ET

    Stocks may move to the upside in early trading on Friday, extending the rally seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent. Apple (AAPL) may help lead an extended advance on...

  • Colgate-Palmolive Q1 Profit Down, Backs FY26 Earnings, Sales Growth View; Stock Up May 01, 2026 08:09 ET

    Consumer products major Colgate-Palmolive Co., while reporting weak profit and higher net sales in its first quarter, on Friday maintained fiscal 2026 earnings and sales growth outlook. Meanwhile, the firm trimmed gross profit margin guidance. In pre-market activity, the shares were gaining around 3.1 percent.

  • UK Mortgage Approvals Rise Unexpectedly May 01, 2026 08:08 ET

    UK mortgage approvals rose unexpectedly in March, reaching a four-month high, while consumer credit logged its fastest growth since early 2024, official data showed Friday. The number of mortgages approved in March rose to 63,531 from 62,708 in the previous month, the Bank of England reported. Approvals were forecast to fall to 60,000.

  • Wall Street Poised To Open Broadly Up May 01, 2026 07:53 ET

    The Middle East conflict continues to have an impact on energy supply across the globe with a dual blockade in the Strait of Hormuz. Early trends from the U.S. Futures Index suggest that Wall Street might open mostly positive on Friday. Asian shares finished mostly lower, while European shares are...

  • UK House Price Growth Rises Despite Middle East Uncertainty May 01, 2026 03:59 ET

    UK house prices logged a faster growth in April despite geopolitical tensions in the Middle East and rising energy prices, data published by Nationwide Building Society showed Friday. House prices grew by more-than-expected 3.0 percent on a yearly basis in April, following an increase of 2.2 percent in March. Prices were expected to rise again by 2.2 percent.

  • European Economic News Preview: UK Mortgage Approvals Data Due May 01, 2026 01:34 ET

    Mortgage approvals and final manufacturing Purchasing Managers' survey results from the UK are due on Friday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to grow 2.2 percent on a yearly basis in April, the same rate of growth as seen in March.

  • Thermos Recalls Food Jars And Bottles Due To Injury Risk April 30, 2026 18:35 ET

    Thermos has announced a significant recall of around 8.2 million food jars and drink bottles in the U.S. because of potential safety issues.

  • Costco Makes Minor Change To $1.50 Hot Dog Combo With New Drink Option April 30, 2026 18:23 ET

    Costco Wholesale Corporation (COST) is shaking things up a bit with one of its most beloved items, the $1.50 hot dog and soda combo, but the price is staying the same.

  • U.S. Stocks Surge To New Record Highs On Upbeat Earnings News April 30, 2026 16:13 ET

    After seeing considerable volatility early in the session, stocks moved sharply higher over the course of the trading day on Thursday. The major averages all showed strong moves to the upside, with the Nasdaq and the S&P 500 reaching new record closing highs.

Global Economics Weekly Update - April 27 – May 01, 2026

May 01, 2026 15:54 ET
Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.

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