News

According to the Wall Street Journal: The Trump administration terminated its bailout plan for Spirit Airlines on Thursday local time. U.S. Commerce Secretary Lutnick has referred Spirit Airlines’ CEO to the U.S. Department of Transportation for help in winding down the airline’s operations.

According to the Wall Street Journal: U.S. Democrats are privately seeking Wall Street funding to prepare for the 2028 presidential campaign, sources said.

US President Trump: (Regarding Iran) We will not leave early, the problem will arise again.

According to AXIOS: The U.S. Department of Defense estimates that the U.S. blockade has cost Iran $4.8 billion.

The U.S. Department of Defense said that U.S. Defense Secretary Hegseth ordered the withdrawal of 5,000 troops from Germany, which is expected to be completed within the next six to 12 months.

The Dow Jones Index closed down 152.87 points, or 0.31%, at 49499.27 points on May 1 (Friday);The S&P 500 Index closed up 21.1 points on May 1 (Friday) 1 point, or 0.29%, to 7230.12 points;The Nasdaq Composite Index closed up 222.13 points, or 0.89%, to 25114.44 points on May 1 (Friday).

For the week, the S&P 500 rose 0.9%, the Dow Jones rose 0.5% and the Nasdaq rose 1.1%. The S&P 500 and Nasdaq rose for a sixth consecutive week, their longest winning streak since October 2024.

At the close of U.S. stocks, the Dow Jones Industrial Average initially closed down 0.31%, the S&P 500 Index rose 0.29%, and the Nasdaq Composite Index rose 0.89%. Apple (AAPL.O) closed up 3.24% and SanDisk (SNDK.O) rose 8.25% due to its beautiful Q1 financial report. Intel (INTC.O) rose 5.44% and closed at a new high of $99.62.

Trump told Congress that the war with Iran had been "terminated," to which U.S. Senate Minority Leader Schumer responded: "This is nonsense. This is an illegal war, and every day Republicans continue to be complicit and allow it to continue, they are putting lives at risk, increasing chaos, rising prices, and Americans are paying for it. "

U.S. Commodity Futures Trading Commission (CFTC): As of the week of April 28, net short positions in natural gas futures in the NYMEX and ICE markets decreased by 11,617 lots to 11,117 lots.

U.S. Commodity Futures Trading Commission (CFTC): As of the week of April 28, the net short position in the Japanese yen was -102,059 contracts. The net short position in GBP is -60,639 contracts. The Swiss franc net short position is -35,221 contracts. The euro's net long position is 35,712 contracts.

U.S. Commodity Futures Trading Commission (CFTC): In the week ended April 28, stock fund managers reduced their net long positions in the S&P 500 CME by 21,368 lots to 999,182 lots. Stock fund speculators reduced their net short positions in the S&P 500 CME by 5,811 lots to 396,442 lots.

U.S. Commodity Futures Trading Commission (CFTC): In the week ended April 28, speculative net long positions in COMEX copper futures increased by 1,665 lots to 60,796 lots.

U.S. Commodity Futures Trading Commission (CFTC): As of the week of April 28, COMEX gold futures speculative net long positions decreased by 3,924 lots to 91,574 lots. Speculative net long positions in COMEX silver futures increased by 1,882 contracts to 10,745 contracts.

U.S. President Trump said he does not need congressional authorization to take military action against Iran, citing a ceasefire agreement. Trump wrote in a letter to the U.S. Congress: Since April 7, 2026, there has been no exchange of fire between the U.S. military and Iran. The hostilities that began on February 28, 2026 have ended.

US President Trump: No authorization required for actions against Iran.

European Commission: If the United States takes measures inconsistent with the trade agreement, the EU will reserve all options to safeguard its own interests.

European Commission: Full communication with the US government has been maintained throughout the process.

European Commission: Full communication with the US government has been maintained throughout the process.

European Commission: The EU-US trade agreement is being implemented in accordance with standard legislative procedures.