New York stocks jump as chipmakers drive rally

 

U.S. equities opened sharply higher on Wednesday, extending a technology-led rally that has pushed major indexes to fresh all-time highs. Advanced Micro Devices surged about 18% in premarket trading after reporting solid earnings, while Walt Disney gained roughly 4%, helping lift broader sentiment. The PHLX Semiconductor Index has broken into...

New York stocks surge as oil slumps on US-Iran hopes

 

NEW YORK — Global stock markets rallied on Wednesday as oil prices dropped sharply amid signs of progress toward a deal between the United States and Iran that could allow crude shipments to resume through the Strait of Hormuz. Brent crude, the international benchmark, fell 7.5 percent to US$101.75 a...

Pakistan readers urged to fund Guardian independence

 

Pakistan – In a fundraising appeal directed at readers in Pakistan, the Guardian explains that its journalism relies primarily on voluntary reader contributions rather than the backing of a billionaire owner or dependence on intensive advertising. The organisation says this reader-funded model is central to protecting its editorial independence, because...

United States pauses Hormuz naval escorts amid talks

 

The United States has temporarily suspended “Project Freedom,” its naval operation to escort commercial shipping through the Strait of Hormuz, President Donald Trump said Wednesday. The pause follows requests from mediators including Pakistan and comes less than 48 hours after intense military exchanges that nearly ended a month-long U.S.-Iran ceasefire,...

Studio City launches conditional tender and notes offering

 

MACAU — On May 6, 2026, Studio City Company Limited announced a conditional cash tender offer for its outstanding 7.00% senior secured notes due 2027 and simultaneously proposed an international offering of new senior secured notes through its subsidiary structure; the company issued an Offer to Purchase and related offering...

Early voting activity rises as primaries approach nationwide

 

Charleston, West Virginia — State early voting is underway for the 2026 primary; Secretary of State Kris Warner reported 33,138 in-person ballots cast across 55 counties from April 29 through May 6, and noted early participation is modest compared with prior midterm early-voting rates. In Monterey County, ballot mailings began...

Trump Threatens Iran Bombing Amid Near-Final Peace Deal

 

United States President Donald Trump on Wednesday posted on Truth Social that U.S. forces would end Operation Epic Fury if Iran accepted terms of a reported one-page memorandum to end the war, but warned that refusal would bring bombing 'at a much higher level and intensity' than before, amid Axios...

Detroit to Get Professional Women's Hockey League Team

 

Detroit — The Professional Women's Hockey League announced on Wednesday, May 6, 2026, that it will expand to Detroit for the 2026–27 season, adding a franchise that will play home games at Little Caesars Arena. League officials said the expansion is part of a planned increase of two to four...

US Private Payrolls Exceed Expectations, ADP Reports April

 

Washington — Payroll processor ADP reported on Wednesday that U.S. private-sector employers added 109,000 jobs in April, surpassing economists' expectations and marking the fastest monthly private payroll increase since January 2025. Health care and education accounted for the largest gains while several other sectors showed mixed results, ADP's national employment...

US, Iran Reportedly Near One-Page Agreement; Threats Loom

 

Washington. US and Iranian representatives, mediated by Pakistan, moved this week toward a one-page memorandum aimed at ending the Gulf conflict, Reuters- and Axios-cited reports said on May 6; President Donald Trump posted a warning on Truth Social the same week, saying bombing would resume if Iran did not accept...