For Friday, May 1, 2026
>>Stocks Close Higher On Wall Street
(New York, NY) -- Wall Street closed with stocks higher to end the month of April. It comes as the S&P 500 and Nasdaq closed at new highs. The Dow Jones Industrial Average was also up over 800 points in the final hour. Shares of Caterpillar and Alphabet both saw gains as investors reacted to earnings. Meanwhile, shares of Meta and Microsoft both fell. At the closing bell, the Dow Jones Industrial Average cilmbed 790 points to 49-652. The S&P 500 rose 73 points to 72-09. The Nasdaq gained 219 points to 24-892.
>>Apple Revenue Beats Estimates Despite IPhone Slump
(Cupertino, CA) -- Apple's revenue is higher than expected. The tech giant released its quarterly earnings on Thursday and reported 17-percent revenue growth from the previous year, topping estimates. The revenue climb was despite the fact iPhone sales came up short for the second time in three quarters. Apple stock rose three percent after the report.
>>Education Department Finalizes Federal Student Loan Caps
(Washington, DC) -- The Department of Education is announcing new borrowing limits on federal student loans for graduate and professional degrees. Under the finalized regulations, students can borrow up to 20-thousand-500 dollars a year and up to 100-thousand dollars in total for graduate degree programs. Meanwhile, students in professional programs can borrow up to 50-thousand dollars a year and 200-thousand dollars over the course of their studies. Previous loan guidelines had an annual limit of 20-thousand-500 dollars and a lifetime limit of 138-thousand-500 dollars. The new caps apply to all loans issued after July 1st, but students currently under a borrowing plan will be exempted from these new requirements.
>>Fed Chair Nominee Kevin Warsh Clears Senate Committee Vote
(Washington, DC) -- President Trump's pick to be the next Federal Reserve chair is clearing his first Senate hurdle before his final confirmation vote. The Senate banking committee voted to advance Kevin Warsh's nomination Wednesday on a strict party-line vote. Democrats question whether Warsh will maintain his independence from Trump when it comes to setting interest rates. Trump has been critical of current Fed chair Jerome Powell for not cutting rates at a faster clip.
>>May Protests Planned For Friday
(Undated) -- Labor unions and Democrat-backed organizations are planning massive May Day demonstrations today across the U.S. The director of Organized Power in Numbers, Naydee Dominguez, says she expects over three-thousand demonstrations. Dominguez says several cities, including Los Angeles and Chicago, are preparing for city-wide economic blackouts. Chicago Public Schools officials say they're working to hold classes even though the Chicago Teachers Union says it plans to embrace a "no school, no work, no shopping" day of protest.
>>Saudi Investors Pull Out Of LIV Golf
(Riyadh) -- Saudi investors are pulling out of LIV Golf. Saudi Arabia's Public Investment Fund announced on Thursday that its funding for the professional men's golf league will end after the 2026 season. A statement from the sovereign wealth fund said the "substantial investment required by LIV Golf" is "no longer consistent" with its investment strategy. Following the announcement, LIV Golf released a statement saying it was transitioning to a "diversified, multi-partner investment model."
>>In Court, Musk Admits Tesla Isn't Pursuing AG
(Oakland, CA) -- Under oath in federal court, Elon Musk admitted that Tesla is not pursuing artificial general intelligence despite a tweet where he claims the opposite. That's significant because it undermines the legal argument he's making in his lawsuit against OpenAI. Musk helped start OpenAI, and he argues the company went back on its pledge to be a non-profit.
