United States · Business
Same event, multiple sources, transparently cited.
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Greg Abel Receives Positive Reviews After Leading Berkshire Hathaway Annual Meeting
Greg Abel made his debut running Berkshire Hathaway’s annual meeting with broad approval from shareholders and investors.
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Spirit Airlines ends operations after 34 years
Spirit Airlines shut down on May 1 after 34 years, canceling international flights first and ending all service by Saturday morning.
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Used electric vehicle sales jump 27.7% in March 2026, price gap to gas cars narrows
Used electric vehicle sales in the US rose 27.7% year-over-year in March 2026, with prices approaching those of gas-powered cars.
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GLP-1 weight loss drugs linked to temporary hair loss in some users
Some users of GLP-1 weight loss drugs report temporary hair loss as use of the medicines surges in the U.S. [s1]
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Meta faces New Mexico trial over child safety harms on Facebook and Instagram
Meta returned to court in New Mexico as a bench trial began to decide if it created a public nuisance by harming children on its apps.
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New York Fed finds high-income US households drove most retail spending growth since 2023
The New York Federal Reserve reported that from January 2023 to March 2026, US retail spending growth showed a K-shaped pattern across income groups.
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Spirit Airlines to Immediately Cancel All Flights and Wind Down Operations
Spirit Airlines announced early Saturday it will cease operations and cancel all flights amid rising fuel costs.
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AI reshapes junior lawyer training and workforce in major US law firms
Big Law firms automate entry-level legal work with AI, disrupting traditional training and reducing junior hiring.
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Virgin Galactic shares photo of next-generation spaceship amid cash pressure
Virgin Galactic shared a new photo of its next-generation spaceship outside its Mesa, Arizona factory as it faces financial pressure.
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Standard Chartered sells East African headquarters building in Nairobi
Standard Chartered is selling its East African head office building in Nairobi as it trims its physical presence in Africa.
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Closure of Strait of Hormuz Once Seen as Unthinkable Has Lasted Two Months
The Strait of Hormuz, a vital global energy chokepoint, has been closed since March 2026 despite past expert consensus dismissing this scenario.
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GameStop reportedly weighs possible eBay buyout offer
GameStop is preparing a possible offer to acquire eBay, according to a Wall Street Journal report.
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Amazon launches supply chain services for outside businesses
Amazon launched Amazon Supply Chain Services to sell its freight and delivery network to businesses beyond its own marketplace.
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Shokz discounts OpenRun Pro 2 headphones for Mother’s Day sale through May 10
Shokz is offering its OpenRun Pro 2 bone conduction headphones for about $139.95 during a Mother’s Day sale, $40 off the usual price.
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Berkshire shares rise after Abel's first annual meeting as CEO
Berkshire Hathaway shares rose 0.5% in premarket trading after Greg Abel's first annual meeting as CEO and a jump in quarterly operating earnings.
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Fils-Aimé says Amazon once sought illegal Nintendo favoritism
Reggie Fils-Aimé said Amazon sought preferential treatment from Nintendo that could have harmed rivals and broken the law.
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Warsh's Fed independence stance draws concern from former central bank officials
Kevin Warsh said the Federal Reserve must stay strictly independent on monetary policy, but former Fed officials voiced concern about his views.
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Kalshi launches facial recognition and security steps to block underage trading
Kalshi announced new voluntary measures including facial recognition and two-factor authentication to prevent underage trading on its prediction market platform.
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TikToker gathers pledges to buy shut-down Spirit Airlines
Hunter Peterson rallied 36,000 people to pledge nearly $23 million after Spirit Airlines shut down overnight Saturday.
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Ferrari launches Handling Speciale upgrade for Purosangue SUV in May 2026
Ferrari released a Handling Speciale upgrade for its Purosangue SUV in early May 2026 to improve handling and steering sharpness.
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Amazon says repairs to Middle East AWS data centers will take several months
Amazon said repairs to damaged AWS data centers in the UAE and Bahrain will take several months after Iranian drone strikes.
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Trump administration stalls about 165 US onshore wind projects
The Trump administration has stalled approvals for about 165 onshore wind projects on private U.S. land, with the Pentagon citing security reviews.
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US Treasury to keep current debt issuance guidance in upcoming refunding statement
The US Treasury will issue its quarterly refunding statement on May 6 without changing debt issuance plans for coming quarters.
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Stocks slip as oil jumps on Middle East tensions
US stocks faltered and Brent crude jumped more than 5% as Middle East tensions shook markets on May 5, 2026.