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(Bloomberg) — Shares in Bill Ackman’s new $5 billion listed investment fund and his asset management company rebounded in the second day after their IPO, as the hedge fund billionaire revealed he had put more of his own money behind the deal. Most Read from Bloomberg Ackman bought 500,000 shares of Pershing Square USA Ltd.,…
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2026 second quarter ended March 28, 2026. The Company posted quarterly revenue of $111.2 billion, up 17 percent year over year. Diluted earnings per share was $2.01, up 22 percent year over year. “Today Apple is proud to report our best March quarter ever, with…
Traders work on the floor of the New York Stock Exchange on April 30, 2026. NYSE Stocks rose on Thursday, with the S&P 500 reaching a fresh all-time high, as investors reacted to upbeat earnings from Caterpillar and Alphabet and moved past fears of a possible escalation between the U.S. and Iran. The broad market…
In a significant gesture aimed at bridging divides in the footballing world, FIFA President Gianni Infantino extended an invitation for representatives of the Palestinian and Israeli football associations to unite at FIFA’s annual congress. However, the event took a poignant turn when Palestine’s FA President, Jibril Rajoub, declined to shake hands with his Israeli counterpart,…
The countdown is on: The global economy has four weeks, eight at most, if it is to avoid plunging into a recession. That’s the warning from Mohamed El-Erian, the former CEO of Pimco, who served as chair of President Obama’s Global Development Council. This week, El-Erian said the globe will “avoid a recession, provided—and here’s the…
Oil prices surged to a wartime high Thursday, with Brent crude, the international benchmark, topping $126 a barrel as concerns grew that the Iran war will drag on, tightening global energy supplies. Gasoline prices also reached a new high since the Middle East conflict began on Feb. 28, with the average U.S. cost jumping to…
See how easy this is, Bud Light? This could’ve been you. I have no idea if Olivia Dunne actually sucks down Miller Lites at baseball games or just holds them as props. It doesn’t matter. What matters is that Miller Lite, right now, is getting the American Eagle treatment. These brands are playing with house…
This column originally appeared in The Politics Brief, our weekly newsletter on the people, power and policies that shape New Yorkers’ lives. Sign up to get the full version where you can ask questions, share news tips and weigh in on the conversation. Hits inboxes on Wednesdays. Fordham Road in the Bronx is just an…
U.S. President Donald Trump holds up an executive order during an event in the Oval Office of the White House on April 30, 2026 in Washington, DC. Andrew Harnik | Getty Images President Donald Trump signed an executive order Thursday to create a new way to save for retirement for workers who don’t currently have…
As global trade dynamics continue to evolve amid economic uncertainties, U.S. President Donald Trump has taken decisive action by announcing increased tariffs on automobiles imported from the European Union. This latest move, which raises tariffs to 25 percent, highlights ongoing tensions between the U.S. and its trade partners and could have far-reaching implications for both…
As tensions escalate in the Middle East, the ongoing standoff between the United States and Iran serves as a critical flashpoint, particularly given the strategic importance of the Strait of Hormuz for global oil shipments. Recent developments highlight Iran’s strategic positioning in this dispute, showcasing its efforts to navigate complex diplomatic waters even amidst a…
SAN DIEGO (KGO) — Federal aviation officials are investigating a United Airlines pilot’s report that the aircraft hit a drone while landing at San Diego International Airport on Wednesday morning. The pilot of Flight 1980 from San Francisco International Airport reported the sighting to air traffic controllers at Lindbergh Field after the aircraft landed safely….
The Treasury-run myRA was restricted to low-return Treasuries. Officials crafted TrumpIRA.gov — which will allow workers to filter retirement plans by factors like cost, minimum contribution, and minimum balance — to instead encourage workers to tap a more lucrative mix of investments via the private sector. Thursday’s order also drafts Treasury, which must launch the…
CLEVELAND — It was a very lucky night for the Powerball drawing on Wednesday, April 29, 2026, as two winning tickets matched all of the numbers and will split the $143 million jackpot. Those big winners are in Indiana and Kansas. This may be one of the luckiest nights in Powerball history as the lottery’s…
Revenue in Q1 2026 increased 56% to $19.8 billion primarily driven by volume growth, partially offset by lower realized prices from Mounjaro and Zepbound. Q1 2026 EPS increased by 170% to $8.26 on a reported basis and increased by 156% to $8.55 on a non-GAAP basis. The Q1 2026 reported and non-GAAP EPS included $0.52…
European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting in Frankfurt, Germany September 12, 2024. Jana Rodenbusch | Reuters The European Central Bank kept interest rates on hold at its April meeting, despite a surge in inflation in the euro…
WASHINGTON (AP) — A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve. An inflation gauge monitored by the Fed rose 0.7% in March from February, up sharply from the…
The head of the United Nations warned Thursday of the “specter of global recession” if the U.S.-Iran war doesn’t end soon, imploring both sides to reopen the Strait of Hormuz and “let the global economy breathe again.” Speaking to journalists in New York, U.N. Secretary-General Antonio Guterres said that despite the “fragile ceasefire” between the…
As the debate over military authority intensifies, the Trump administration’s stance on the ongoing tension with Iran showcases a complex intersection of legal interpretation and executive power. With a crucial deadline looming, the administration argues that a temporary ceasefire may alter the parameters of authorized military action, stirring contention among lawmakers and legal experts regarding…
In the complex landscape of global economies, the ongoing hostilities related to Iran have presented a paradox where certain sectors are thriving amidst overall economic turbulence. While many nations grapple with financial instability, the war has catalyzed unprecedented profits for industries such as oil, arms manufacturing, and gambling platforms. This dual narrative, in which conflict…
Recent tensions in the Gulf region have escalated, primarily due to Iran’s assertive stance regarding the Strait of Hormuz, a critical passage point for global oil supplies. As the nation faces a prolonged conflict with the U.S. and Israel, the implications for international energy markets and regional stability are profound. Iran’s repeated assertions of its…
In an era where technology intertwines with the chaos of warfare, the emergence of artificial intelligence and robotic systems on the battlefield marks a significant turning point in military strategy. A recent incident involving Ukrainian ground robots highlights not just a leap in military capabilities, but also invites contemplation on the ethical and moral responsibilities…
As global energy markets feel the impact of geopolitical tensions, the recent surge in gasoline prices across the United States has sparked widespread concern among consumers and policymakers alike. The ongoing conflict involving Iran and the blockade of the strategic Strait of Hormuz not only affects pricing at the pump but also highlights the intricate…
The recent interactions between representatives of Palestine and Israel at the FIFA Congress in Canada have highlighted the complexities surrounding the geopolitics of sport. The refusal of Palestinian football federation president Jibril Rajoub to share a stage with Israel FA Vice-President Basim Sheikh Suliman encapsulates the deep-rooted tensions that influence even sporting events. This moment…
In a recent congressional hearing on April 17, Health and Human Services Secretary Robert F. Kennedy Jr. made headlines by calling for the retraction of a Danish study that found no conclusive link between the use of Tylenol, or acetaminophen, during pregnancy and autism in children. Kennedy described the study as “garbage” and suggested it…
The recent passage of a bill by the United States House of Representatives, aimed at resuming funding for the Department of Homeland Security, marks a decisive moment in addressing the ongoing tensions surrounding immigration enforcement and government funding. With the exclusion of Immigration and Customs Enforcement from the measure, this development reflects evolving attitudes toward…
A recent federal indictment against former FBI Director James Comey has emerged as a significant legal case, primarily centered on the interpretation of the slang term “86.” The Department of Justice’s assertion that this term suggests a threat of physical harm contrasts sharply with its common meanings, which often refer to discarding or rejecting something….
The ongoing conflict marked by military engagements between the United States and Iran has taken a significant toll on both nations, particularly with recent estimates revealing the extent of material losses suffered by the US military. As tensions escalate, these losses not only reflect the operational challenges faced by US forces but also highlight the…
The contrast between global feminist activism and the ongoing tragedies faced by women and children in conflict zones starkly highlights the complexities and inconsistencies within feminist discourse. As international attention surged during the protests in Iran over compulsory hijab laws, a similar fervor has yet to resonate in response to the devastation wrought by recent…
In recent years, Somalia has transformed from a subject of discussion in global security forums to an active participant, signaling a significant shift in its diplomatic narrative. This evolution is exemplified by Somalia’s recent election to the African Union Peace and Security Council and its membership in the United Nations Security Council—positions that not only…
The recent environmental crisis in Tuapse, a coastal town on Russia’s Black Sea, has spotlighted the dire consequences of warfare on nature and local communities. As Ukrainian drone strikes target oil infrastructure, they have resulted in a perilous combination of ecological disaster and humanitarian effort, showcasing the resilience and commitment of local volunteers. This incident…
Monday, the stock market was on fire, with the S&P 500 and the Nasdaq Composite both hitting new all-time highs, and optimism reigned. The mood turned dour on Tuesday morning as a report about one of the most consequential stocks in artificial intelligence (AI) caught investors off guard, sending AI chip stocks tumbling. Growth is…