For: April 29, 2026
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed in the red yesterday as oil prices rose and chip stocks sold off. Nvidia, Broadcom, Intel and Oracle all lost ground following a report that pointed to weakness in OpenAI. At the closing bell, the Dow Jones Industrial Average lost 25 points to 49-141. The S&P 500 fell 35 points to 71-38. The tech-heavy Nasdaq dropped 223 points to 24-663.
>>Fed Reserve Likely To Keep Rates Steady
(Washington, DC) -- The Federal Reserve is expected to leave interest unchanged after its meeting today. The central bank is still seeing inflation above its two percent target alongside a weak labor market. It will likely be Jerome Powell's last meeting as Fed chair as his term ends in May.
>>Tech Giants Reporting Earnings
(New York, NY) -- A handful of tech giants will be reporting earnings this week. The lineup includes Amazon, Meta, Alphabet and Microsoft. They're all set to release results today, after the closing bell on Wall Street. Apple's earnings will be in the spotlight on Thursday.
>>UAE Withdrawing From OPEC
(Undated) -- The United Arab Emirates says its withdrawing from OPEC on May 1st. In a statement, the UAE said it's making the move to give itself more options to increase oil production as the market demands. The Middle Eastern nation said the decision is in line with its long term economic vision. This could bring down oil prices across the globe if the UAE significantly increases production as they won't be obligated to stick to OPEC's pricing.
>>Pharmaceutical Company Ordered To Pay $5 Billion For Opioid Epidemic
(Newark, NJ) -- A federal judge is ordering Purdue Pharmaceuticals to pay over five billion dollars in criminal penalties for its role in fueling the opioid epidemic. The pharmaceutical giant pleaded guilty to three counts in 2020, and on Tuesday, the court ordered Purdue to pay a criminal fine of three-point-five-billion dollars, and two-billion in criminal forfeiture. The court agreed to credit one-point-seven of that two-billion back to the company if Purdue comes out of bankruptcy as a new public benefit company with a mission to benefit the American public.
>>Americans' Worsening View Of Their Financial Situation
(Undated) -- A recent survey shows more Americans view their personal financial situation as getting worse. The Gallup poll found that 55 percent of respondents have a negative view of their economic condition which marks a new high dating back to 2001. More than three in ten respondents said the high cost of living and inflation combined is the top problem facing their family. Other areas of concern include having enough money for retirement, not being able to pay medical costs and not having enough money to pay for their children's college.
