Updated May 1, 2026, 2:10 p.m. ET Michigan gas prices jumped another 28 cents in one day. Rising gas prices are now the talk of the watercooler. The worst, some fear, is still to come as tensions rise. Michigan gas prices jumped another 28 cents in one day, hitting $4.86 a gallon, and if they…
And why wouldn’t people want them? The average price of a new vehicle in the US in 2025 rose to $50,326 by year’s end. That’s up from ~$40,000 in 2020 and $35,000 in 2015. (Those numbers are for the mean; the medians are slightly less, but the difference is not great.) Despite the sharp increase…
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Esperion shareholders to receive $3.16 per share in cash at closing, plus the right to participate in up to $100 million in aggregate contingent milestone payments Represents total equity value of up to approximately $1.1 billion ANN ARBOR, Mich., May 01, 2026 (GLOBE NEWSWIRE) — Esperion Therapeutics (Nasdaq: ESPR) (“Esperion,” or the “Company”), a commercial-stage…
After being harried by complaints that its search function needed improving, Reddit has in the last few years invested in its search engine, and has even added AI features to help its users find what they’re looking for. It appears that investment is finally paying off: The company has seen a 30% year-on-year jump in…
ExxonMobil and Chevron, America’s two largest oil companies, both reported a sharp drop in profit for the first three months of this year. But much bigger profits likely lay ahead because of rising oil prices during the war with Iran. Oil and gas prices rose in the runup to the Iran war and surged after…
As Iran faces a challenging economic landscape marked by soaring prices and widespread job losses, new Supreme Leader Mojtaba Khamenei emphasizes a dual strategy for resistance: defeating adversaries not only through traditional military means but also in the spheres of culture and economy. This multifaceted approach reflects a broader goal of reinforcing national resilience amid…
As tensions between the United States and Mexico escalate, the recent indictment of Sinaloa’s governor, Ruben Rocha Moya, underscores the complexities of the ongoing fight against drug trafficking and political corruption. While Rocha Moya seeks to defend his integrity amid serious allegations, the implications of this case reveal the broader challenges in the relationship between…
Delivered first-quarter earnings of $4.2 billion, or $8.8 billion excluding unfavorable estimated timing effects of $3.9 billion and an identified item of $0.7 billion Generated earnings per share of $1.00, or $1.16 excluding the identified item, and $2.09 excluding the identified item and estimated timing effects Sustained industry-leading reliability and delivered record production in Guyana1…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. My colleagues and I will be covering Berkshire Hathaway‘s annual meeting tomorrow — its first without Warren Buffett as CEO. You can follow along with our special coverage on TV and online. S&P 500 futures are little changed this morning…
A rendering of Smoothie King’s new store design Source: Smoothie King From the rise of GLP-1 drugs to backlash against artificial ingredients, current wellness trends are fueling growth for Smoothie King. “There are significant industry tailwinds behind what we’re doing,” said Gavin Felder, the chain’s president and CFO. “What we’ve learned is people are a…
When Lorna Hajdini went to work on Monday, April 27, 2026, it would have been hard for her to imagine that by the end of the week she would become a meme, a Megyn Kelly segment, and the most talked-about finance executive in the Northern Hemisphere. Hajdini is 37. She is an executive director in…
SpaceX was dealt a new setback on April 23, 2006 by the Federal Communications Commission (FCC) after the U.S. government agency dismissed the company’s petition to access a Mobile Satellite Service spectrum that would allow direct-to-device (D2D) capabilities. The FCC regulates communications by radio, television, wire, and cable, which also includes regulating D2D technology that…
Israel’s escalating youth violence has intensified political rhetoric and public safety measures, as evidenced by the recent remarks from National Security Minister Itamar Ben-Gvir in response to the tragic killing of a young Israeli soldier. Critics, however, emphasize that this focus on security for a specific community reveals a broader issue: the systemic neglect of…
Meta President Dina Powell McCormick discusses AI innovation, potential threats, and details the platform’s new Muse Spark model on ‘Mornings with Maria.’ Meta CEO Mark Zuckerberg said Thursday the company’s latest round of layoffs is tied to increased spending on artificial intelligence, while leaving the door open to additional job cuts. Zuckerberg made the remarks…
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Attorney general says Meta issues threat to shut down products in New Mexico I’LL TIME OUT THE RAIN, THE SNOW AND THE WIND IN JUST A BIT. FIRST, BACK TO DOUG AND SHELLEY. TONIGHT, META IS WARNING IT COULD CUT OFF FACEBOOK AND INSTAGRAM ACCESS FOR NEW MEXICO USERS AS ITS LEGAL BATTLE WITH THE…
As global geopolitical dynamics shift, the United States’ decision to withdraw approximately 5,000 troops from Germany underscores a reevaluation of its military commitments in Europe. This development comes amid rising tensions with European allies over issues surrounding Iran, prompting discussions about Europe’s responsibility in ensuring its own security. The implications of this troop reduction could…
For two months, the economic narrative about the Iran war boiled down to this: Oil and gas prices are really high, exacerbating an affordability problem that could send America’s economy into the toilet. No doubt prices are high, increasing the risk of a recession. But there’s a key problem with that story: Prices aren’t as…
NEW YORK (AP) — The U.S. stock market set more records Friday after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected. Easing oil prices also helped steady the stock markets around the world that were still open on the May Day…
Ford Blue and Model E President Andrew Frick joins ‘Mornings with Maria’ to discuss Ford’s new “American Value” campaign, employee pricing rollout, strong earnings, US manufacturing and shifting EV demand. Ford Motor Company is marking America’s 250th anniversary with a nationwide pricing push aimed at giving U.S. customers a break. The Michigan-based automaker on Friday…
Stocks knocked it out of the park in April. Wall Street’s April rebound ended the month with a scoreboard that looks more like 2020 than 2026 — and some of the details look even more like the dot-com era. The S&P 500 (^GSPC) surged over 10% during the month, its best showing since November 2020,…
In an era marked by shifting geopolitical dynamics, Japan’s commitment to strengthening its ties with Vietnam reflects a strategic pivot aimed at enhancing regional stability and economic cooperation. Prime Minister Sanae Takaichi’s recent visit underscores the significance of bilateral agreements in areas such as energy, technology, and agriculture, highlighting Vietnam’s potential as a crucial partner…
A disturbing sexual harassment lawsuit has emerged against Lorna Hajdini, with a junior employee accusing her of coercion, abuse of power, and repeated misconduct. Filed in the New York County Supreme Court on April 27, the complaint was initially brought anonymously by ‘John Doe’, who cited threats and reputational damage as reasons for withholding his…
As international relations continue to evolve, the recent remarks by China’s UN Ambassador Fu Cong underscore the critical importance of regional stability in the Middle East. With the Strait of Hormuz playing a pivotal role in global trade, the ongoing discussions surrounding its security and the maintenance of peace present an opportunity for diplomatic engagement…
Apple CEO Tim Cook will step down later this year, taking a position atop the board of directors (WIN MCNAMEE) · WIN MCNAMEE/GETTY IMAGES NORTH AMERICA/Getty Images via AFP Apple said Thursday it had its best-ever start to the year when it came to earnings, with iPhone demand and digital service sales helping it beat…
Five more states are joining a federal antitrust lawsuit aimed at stopping the blockbuster merger of Nexstar and Tegna, a corporate tie-up that would create the largest operator of local television stations in the country. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. California Attorney General Rob Bonta,…
A trader works on the floor at the New York Stock Exchange, May 1, 2026. Jeenah Moon | Reuters The S&P 500 rose to a fresh all-time intraday high on Friday, boosted by Apple shares, while oil prices fell as a new month of trading got underway. The broad market index advanced 0.29% to end…
In the ever-complex arena of international diplomacy, the strained interactions between the United States and Iran take center stage once again. With U.S. President Donald Trump’s recent criticisms of Iran’s peace initiative, coupled with a backdrop of military and economic tensions, the stakes are higher than ever. As these geopolitical dynamics unfold, it’s crucial to…
In the ever-turbulent landscape of international maritime politics, the United States’ actions near the Strait of Hormuz have ignited fresh debate over its approach to Iran. Donald Trump’s recent remarks likening U.S. forces to “pirates” as they seize Iranian vessels highlight tensions not only between the two nations but also broader geopolitical implications that could…
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In an age where peaceful assembly is a vital avenue for expression and advocacy, a man has taken to the heights of Washington’s Frederick Douglass Memorial Bridge to voice his opposition to the ongoing conflict in Iran. At 45 years old, Guido Reichstadter’s act of protest symbolizes a growing grassroots movement that seeks to amplify…