Job creation was better than expected in April, as the U.S. labor market continued to defy expectations for a slowdown this year, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls ros… [+1997 chars]

Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.

CNBC

U.S. payrolls increased 115,000 in April, more than expected; unemployment at 4.3% - CNBC

Moe Haas knew the worst could happen when the county airport authority announced his promotion with a yellow Spirit Airlines cake.
For years, Arnold Palmer Regional Airport had depended on Spirit to… [+136 chars]

Arnold Palmer Regional Airport in rural western Pennsylvania had only one commercial carrier. Spirit Airlines’ closure has left it scrambling to find a replacement.

The Washington Post

When Spirit folded, this tiny airport suddenly had zero flights - The Washington Post

Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

Akamai, Cloudflare, IREN among big earnings movers. The jobs report is on tap.

Investor's Business Daily

Dow Jones Futures Rise As Trump Says U.S.-Iran Ceasefire Holds; Akamai, Cloudflare, IREN Are Big Earnings Movers - Investor's Business Daily

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight… [+4025 chars]

The One Big Beautiful Bill Act turbocharged the tax break on QSBS, but states including New York and Oregon have taken aim at the incentive.

States crack down on tax break for wealthy investors - CNBC

Abcnews.com

Jobs report set to show hiring as Iran war took hold - ABC News - Breaking News, Latest News and Videos

The economic shockwaves of the Iran war have spread beyond the average American consumer cursing under their breath at the pump. Now the businesses that would have pocketed that additional dollar or … [+370 chars]

Bloomberg

Iran War Shockwaves Spread Across US Economy - Bloomberg.com

OAKLAND, Calif. Shivon Zilis had her back against the wall.
For more than six years, the tech executive had worked largely outside the public eye as a trusted confidante to Tesla CEO Elon Musk and h… [+292 chars]

In hours of testimony, Elon Musk’s partner Shivon Zilis opened up about their relationship and her role in creating one of the world’s most valuable AI companies.

She had four kids with Elon Musk. Now she’s central to his courtroom fight. - The Washington Post

Sony Group Corp. said it will buy back as much as ¥500 billion ($3.2 billion) of its shares after rising memory prices weighed on the entertainment groups annual outlook.
For the year through March … [+316 chars]

Sony Group Corp. said it will buy back as much as ¥500 billion ($3.2 billion) of its shares after rising memory prices weighed on the entertainment group’s annual outlook.

Sony Announces $3 Billion Buyback as Memory Prices Take Toll - Bloomberg.com

Shares ofCoreWeavewere falling after the cloud-computing company reported mixed fourth-quarter earnings results. Disappointing guidance was taking the stock down.
Copyright ©2026Dow Jones &amp; Comp… [+62 chars]

CoreWeave stock dropped as it reported revenue more than doubling for its fiscal fourth quarter.

Barron's

CoreWeave Stock Wavers After Earnings Report - Barron's

A global energy crunch triggered…
Democratic Republic of the Congo…
By Irina Slav - May 08, 2026, 1:00 AM CDTThe Commodity Futures Trading Commission has launched an investigation into short oil be… [+2011 chars]

The CFTC is investigating billions of dollars in oil short bets placed shortly before Trump statements that moved crude prices lower.

OilPrice.com

$7 Billion in Oil Bets Under Investigation - Crude Oil Prices Today | OilPrice.com

Japan's Toyota Motor on Friday reported a 49% drop in fourth-quarter operating profit, missing analysts' estimates as U.S. tariffs and intensifying competition from Chinese automakers pressured earni… [+3015 chars]

The world's largest automaker by sales volume saw a 1.89% year-on-year rise in revenue during the fourth quarter ended March.

Toyota fourth-quarter profit misses by wide margin as U.S. tariffs drive 49% slump - CNBC

Morgan Stanley targets $5,200 gold this year, driven by ETF buying, China accumulation and 2027 Fed cuts, but warns the Iran conflict has exposed gold as a rates trade, not a safe haven.
Summary:
<… [+5341 chars]

Morgan Stanley targets $5,200 gold this year, driven by ETF buying, China accumulation and 2027 Fed cuts, but warns the Iran conflict has exposed gold as a rates trade, not a safe haven.

Investinglive.com

Morgan Stanley sees gold at $5,200 (Central bank buys, Fed cuts), fear trade is now dead - investingLive

About IRENIREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN’s platform is underpinned by its expansive portfo… [+5820 chars]

NVIDIA (NASDAQ: NVDA) and IREN Limited (NASDAQ: IREN) (“IREN”) today announced a strategic partnership to accelerate deployment of next-generation AI infrastructure.

Nvidia.com

NVIDIA and IREN Announce Strategic Partnership to Accelerate Deployment of up to 5 Gigawatts of AI Infrastructure - NVIDIA Newsroom

More layoffs swept across industries in early May 2026 as a fresh wave of firms announced job cuts.
Many of the cuts share a common driver. Companies are rebuilding around artificial intelligence (A… [+1881 chars]

Cloudflare, Upwork, Coinbase, and others cut thousands of jobs in May 2026 as AI restructuring reshapes the tech workforce.

BeInCrypto

Layoffs Accelerate in May 2026 as Firms Restructure Around AI - Yahoo Finance

Iran's military accused the US of violating the ceasefire by targeting its ships, including an oil tanker, that were moving towards the Strait of Hormuz, according to Islamic Republic of Iran Broadca… [+5 chars]

The flare-up further endangers the US-Iran ceasefire, which Trump extended indefinitely on 21 April.

BBC News

Oil prices rise after US and Iran exchange fire in Hormuz strait - BBC

SEATTLE Sound Transit officials on Thursday outlined how they plan to address a projected $34.5 billion funding shortfall over the next two decades.
The funding gap could significantly reshape the f… [+5762 chars]

Sound Transit officials on Thursday outlined how they plan to address a projected $34.5 billion funding shortfall over the next two decades.The funding gap coul

KOMO News

Sound Transit plans to close $34.5B shortfall over 2 decades, reshaping light rail future - KOMO

The back-and-forth messaging comes as tech industry officials anxiously await an executive order spelling out how the administration plans to prevent powerful new AI models from being misused to laun… [+6018 chars]

The White House is looking for “partnership” with companies rather than pursuing “government regulation,” a senior White House official said.

Politico

White House distances itself from tighter AI regulation - Politico

Roughly 8,750 Microsoft employees have a month to decide whether they’ll stick with the company or take the money and run.
The Redmond-based tech giant is offering a voluntary retirement program for… [+3029 chars]

Microsoft is offering a buyout program for employees that includes severance pay, continued healthcare and stock award vestments.

The Seattle Times

Microsoft unveils details of buyout push, offers cash and healthcare - The Seattle Times

Back in January, Ford Motor Company and Carhartt announced a new partnership. The two companies would not only team up for custom merchandise but also for a new truck, which they are announcing today… [+1674 chars]

Ford has a new Carhartt-branded Super Duty pickup that includes unique visual upgrades like wheels, graphics, and grille. Here are all the details.

Motor1 

Ford Teams Up With A Legendary Clothing Brand For A New Truck - Motor1.com

Cloudflare said it will cut more than 1,100 workers globally as the San Francisco company reorganizes around an AI-first operating model.
Eric Risberg/Associated Press
Cloudflare plans to cut more … [+2013 chars]

San Francisco tech company Cloudflare says it will cut more than 1,100 jobs globally as it reorganizes around AI.