Greg Abel earns solid scorecard from Berkshire shareholders after first annual meeting
The reviews from longtime shareholders and professional investors were broadly positive, even as many acknowledged the notable absence of Warren Buffett.
Iran says it has received U.S. response to its latest offer for peace talks
The U.S. and Iran appear no closer to ending a war that has disrupted energy supplies, roiled world markets and raised fears about a global economic downturn.
OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE
Concerns around production were amplified further last week with news of the UAE’s shock departure.
Chinese stocks are about to get a big AI boost, Morgan Stanley predicts
The investment bank also raised its price targets on two Chinese companies that develop artificial intelligence models.
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
Oil exports are booming from the U.S. Gulf Coast thanks to the Middle East supply disruption caused by the Iran war.
Israel approves plan to buy F-35 and F-15IA fighter jets from Lockheed, Boeing
The deal is a first step in a $119 billion plan to bolster Israel’s military
UK government plans to allow airlines to consolidate flights as jet fuel costs soar
The government says it wants to reduce the likelihood of last-minute flight cancelations over the summer amid uncertainty over the Iran war.
Recent inflation data was ‘bad news,’ Fed’s Goolsbee says
The Personal Consumption Expenditures price index, the central bank’s preferred inflation measure, rose at a 3.5% annual rate in March.
Global week ahead: Is ‘Sell in May’ just a myth?
Should investors ‘sell in May’ or flip a coin?
Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000
The Pentagon had announced it would pull 5,000 troops out of Germany, but Trump said an even bigger reduction was coming.
