For: May 12, 2026
>>Ahead Of The Bell (New York, NY) -- The opening bell rings this morning after stocks closed higher on Monday to kick off the trading week. Both the S&P 500 and the Nasdaq finished at new records as tech shares led by Micron and Nvidia helped boost the market. Stocks edged higher despite a rise in oil prices after President Trump said the Iran ceasefire deal is on life-support. At the closing bell, the Dow Jones Industrial Average gained 95 points to 49-704. The S&P 500 added 13 points to 74-12. The Nasdaq rose 27 points to 26-274.
>>Existing-Home Sales Remain Flat In April
(Washington, DC) -- Sales of previously owned homes remained flat in April. The National Association of Realtors says existing home sales rose just two-tenths percent month over month. The group's chief economist said home sales received a modest boost from improvement in affordability, but the gain was far less than expected. The median price of a home sold in April was 417-thousand-700 dollars. That's up nearly one percent from last year and it's the highest April price on record.
>>Byron Allen To Buy Majority Stake In BuzzFeed
(New York, NY) -- Media entrepreneur Byron Allen has a plan to buy a majority stake in BuzzFeed. The deal, announced Monday, would keep the struggling digital publisher afloat while making Allen CEO. Founder and CEO Jonah Peretti will become the president of BuzzFeed AI. The company's stock has been trading at under a dollar and was warned it risks being delisted from the Nasdaq. Allen's deal would see his Allen Family Digital buy 40 million shares at three dollars each for a total of 120-million dollars. The deal is expected to close by the end of the month.
>>General Motors Cutting Several Hundred Jobs (Detroit, MI) -- General Motors is cutting several hundred jobs. The company says up to 600 information technology employees will be laid off. GM says the jobs are no longer needed as it moves towards a more AI-friendly workforce.
>>Young Americans Much Less Optimistic About Job Market
(Washington, DC) -- Young people in the U.S. feel much less positive about the job market than older people, and it's the largest gap of any country in the world. A new Gallup World Poll finds 43 percent of Americans 15 to 34 think it's a good time to find a job, compared to 64 percent of those 55 and older. The only other places where a similar pattern exists are China, Hong Kong, Serbia, the United Arab Emirates and Norway. There are other countries where young people are less optimistic, but older adults in those places share a similar outlook.
>>Port Of Los Angeles Announces Strong April Cargo Numbers
(Los Angeles, CA) -- The Port of Los Angeles is announcing strong cargo numbers for the month of April. The second quarter of the year was the best month so far in 2026 and the best overall month since last August. The port handled 891-thousand container units, up more than five-and-a-half percent from a year ago and 18 percent from March. It's the port's second-best April on record. Port of Los Angeles Executive Director Gene Soroka says, despite economic pressures and global uncertainty, the American consumer is still spending. About 460-thousand of the total container units processed last month were imports.
