The Trump administration is in advanced discussions about providing up to $500 million in rescue funding to Spirit Airlines as the budget carrier faces financial difficulties.
General Motors anticipates receiving a $500 million refund on tariffs after the Supreme Court struck down certain Trump administration trade levies.
U.S. oil stockpiles dropped for sixth consecutive week while services activity increased amid supply constraints and higher prices.
Major oil companies posted stronger-than-expected earnings despite production disruptions from Middle East conflicts and global energy system stress.
Chinese biotech firm Innovent Biologics signed a major cancer drug development deal with Pfizer worth up to $10.5 billion.
Dutch paint maker AkzoNobel's stock dropped sharply after Sherwin-Williams and Nippon Paint withdrew their $14.5 billion acquisition proposal.
Two major apartment REITs are reportedly close to combining in what would create a multifamily real estate giant.
Harvard University faculty voted to cap the number of top grades that can be awarded in approximately 20% of undergraduate courses.
Chris Hohn's TCI hedge fund has significantly reduced its Microsoft position, reportedly cutting an $8 billion stake over concerns about AI market disruption.
China's central bank has directed commercial banks to boost May lending as the country faces persistent credit weakness and rising export costs.
Deutsche Lufthansa will cancel 20,000 short-haul flights across its airlines to reduce jet fuel consumption amid rising fuel prices.
Wall Street opened lower amid ongoing Middle East conflicts, while luxury giant LVMH's CEO warned of potential global consequences.
Rising energy costs from ongoing conflict push U.S. gasoline prices toward $4 per gallon while German inflation reaches highest level in over a year.
Corporate earnings reports produced divergent stock reactions, with NXP Semiconductors surging while Microsoft faced challenges and cannabis stocks declined.
U.S. stocks continued their upward trajectory amid hopes for peace negotiations and sustained investor enthusiasm for artificial intelligence spending.
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