Energy Secretary Predicts Gas Prices May Stay High

 

Washington — Energy Secretary Chris Wright said on Sunday on CNN that U.S. gasoline prices likely peaked in the week following a surge tied to the Iran conflict but could remain above $3 per gallon until next year; officials attributed recent increases to shipping restrictions near the Strait of Hormuz...

Rosen Issues Multiple Securities Class Action Deadlines Nationwide

 

New York, New York. This week Rosen Law Firm issued a series of investor notices via Markets Insider and Newsfile reminding shareholders of pending securities class actions and investigations involving Alight, Corcept, Coty, PennyMac and PayPal, and announcing lead plaintiff motion deadlines occurring between April 20 and May 22, 2026. The...

NJ Transit $150 Fare Sparks FIFA, Fan Concerns

 

United States: New Jersey Transit announced on April 18 that it will charge a $150 round-trip fare for fans traveling from New York City to MetLife Stadium for FIFA World Cup 2026 matches in East Rutherford, New Jersey. The fee represents roughly a tenfold increase over the normal commuter fare...

Ally Financial Reports First‑Quarter Profit, Mixed Market Reaction

 

Detroit: Ally Financial reported a swing to quarterly profit on Friday, recording first-quarter net income of $319 million in AP accounts (one German brief cited $291 million attributable), with GAAP earnings per share of $0.93 and adjusted earnings per share of $1.11; the company reported roughly $2.10 billion in revenue...

Netflix chairman Reed Hastings to step down in June

 

Los Angeles: Netflix chairman and co-founder Reed Hastings said he will not stand for re-election at the company's annual meeting in June and will step down as chairman after 29 years, the company said in a shareholder letter released Thursday. Netflix said he plans to focus on philanthropy and other...

Walmart Announces Major Store Remodels Across Multiple States

 

United States: Walmart announced in 2026 that it will remodel dozens of stores across multiple states to modernize in-store and digital shopping, updating layouts, technology and services. Company statements this week list state-specific plans including 12 Indiana stores, 13 Georgia stores (seven in metro Atlanta), 18 Ohio locations and eight...

Jury Rules Live Nation Violated Antitrust Laws

 

New York City — A federal jury in Manhattan on Wednesday found Live Nation and its Ticketmaster subsidiary unlawfully maintained monopoly power over major concert venues following a five-week trial. The verdict determined the company violated federal and state antitrust laws, a finding that resulted from lawsuits brought by a...

Allbirds rebrands to NewBird AI amid massive stock surge

 

SAN FRANCISCO — Shares of Allbirds surged more than 600% in early trading on Wednesday after the company announced it will rebrand as NewBird AI and pivot from footwear retail to focus on AI compute infrastructure. The move marks a dramatic corporate shift away from the brand’s environmental roots and...

Three U.S. Firms Set Q1 2026 Earnings Dates

 

Menlo Park, California: BillionToOne announced on April 15 that it will release first-quarter 2026 financial results after market close on Wednesday, May 6, 2026, and will host a conference call at 1:30 p.m. Pacific / 4:30 p.m. Eastern with a live webcast. Mountain View-based LegalZoom made a similar announcement for...

IMF warns debt, energy shock strain global finances now

 

Washington: The International Monetary Fund said global financial markets have so far absorbed volatility from the Middle East conflict without major disruption, presenting its Global Financial Stability Report. IMF Financial Counsellor Tobias Adrian said markets have functioned in an orderly manner, with no widespread margin calls or forced deleveraging, and...