How major US stock indexes fared Friday 5/8/2026
U.S. stocks rose to records following the latest sign that the nation’s job market is doing better than economists expected.
· The Associated Press
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Newest first · UTC+11:00Spirit Airlines grounding could help ease shortages in tight engine market
NEW YORK — The recent grounding of US budget carrier Spirit Airlines could help ease shortages of next-generation RTX spare engines needed to keep late-model Airbus single-aisle jets flying, industry executives and analysts say.
· Reuters
CoPF raises concern over NDB Bank’s audit failures
The Committee on Public Finance (CoPF) has raised concerns regarding the failure of the National Development Bank (NDB)’s audit committees to detect a massive internal fraud, estimated at over Rs.13 billion and the effectiveness of its internal controls.
· damith
The type of Sydney home that disappeared in two decades
Sydney’s once-common $500,000 houses have disappeared over the past 20 years, data shows, with runaway price growth transforming the city’s property market in that time.
· Dan F Stapleton
Biofuels could ease our energy woes. But the industry says it needs a mandate
The industry says ethanol is the easiest biofuel to use as it is already in the Australian market. (ABC News: John Gunn)
· Daniel Ziffer
NFL set to release its regular-season schedule on Thursday
A general view of Lincoln Financial Field during the second half of an NFL football game between the Philadelphia Eagles and the Arizona Cardinals, Sunday, Oct. 8, 2017, in Philadelphia. (AP Photo/Michael Perez, File)
Jane Street, one of Wall Street’s most secretive firms, hauled in whopping $16B in trading revenue — here’s how
Jane Street pulled in a record haul of $16.1 billion in trading revenue for the first three months of the year, as the Wall Street market maker benefited from bouts of increased market volatility and a jump in the value of its stakes in top AI companies like Anthropic, according to people familiar with the matter.
· Reuters
The Iran war will not succeed in changing the underlying mindset that defines the UAE | The National
I have travelled to the UAE countless times, in various capacities – privately, as Austria’s foreign minister and later as my country’s chancellor. In recent years, I have spent about one week per month here, even establishing an office in Abu Dhabi. In many ways, it has become a second home.
· Sebastian Kurz
Michael Burry says the market today feels like 'the last months of the 1999-2000 bubble'
Michael Burry of "Big Short" fame is warning that the stock market's fixation on artificial intelligence is beginning to resemble the final stages of the dot-com bubble.
· Yun Li
Intel Jumps To Record High On Deal To Make Chips For Apple, Following White House Pressure
Already looking like something right out of the dot com bubble, Intel stock soared even more moments ago, surging almost 20% and hitting a new all time high over $130 (it was trading at $80 a few days ago), after the WSJ reported that the White House-backed chipmaker has reached a preliminary agreement to manufactur…
· Tyler Durden
US investors cite 3 ways Japanese equities can unlock more value
Pedestrians walk past a stock quotation board in Tokyo showing the Nikkei Stock Average's figure on May 7. © Reuters
· Staff Writer
Photos of the Palestinian marathon
Runners pass by Israel’s separation wall as they compete in the Palestine Marathon in the West Bank city of Bethlehem, Friday, May 8, 2026. (AP Photo/Mahmoud Illean)
· Mahmoud Illean
OnlyFans Lures Outside Capital As Architect Capital And Billionaire Tag Team Deal
Nearly seven weeks after OnlyFans owner and billionaire Leonid Radvinsky died, and after months of reports that the sex-worker streaming platform was exploring a stake sale, the Financial Times reported Friday morning that San Francisco-based Architect Capital is preparing to buy a minority stake in the company.
· Tyler Durden
Popular higher ed system ‘Canvas’ hacked, putting millions of students’ personal data at risk
A massive cyberattack that crippled the Canvas online learning platform as finals were getting underway at many universities could leave them scrambling for as long as a month — and expose the education software giant to major legal and financial fallout, cybersecurity experts told The Post.
· Ariel Zilber
Below-target full-year growth now more likely
SLOWER-THAN-EXPECTED first-quarter growth has underlined expectations of a below-target outcome for 2026, with Fitch unit BMI revising its forecast to 4.2 percent from 4.7 percent and Bank of America (BofA) maintaining its markedly lower projection of 2.0 percent.
· The Manila Times
Disasters keep doubling
FIRST, we got hit by a double whammy of Covid-19 and Pharmally. Second, we reel from the spillover ravages of the Iran war after waking up to find flood control grafters had robbed us of our taxes. Both pairs of calamities sank the economy to new lows that left everyone worse off, especially the poor. All disasters,…
· Ingming Aberia
Diesel prices down, gasoline up next week
DIESEL prices will go down, while gasoline prices could rise next week, mostly due to the global market reacting to a possible ceasefire between the US and Iran, local oil industry sources said on Friday.
· Ed Paolo Salting, Javier Joe Ismael
Palace hits back at VP Sara over 'attention seeker' remarks
MANILA, Philippines — Malacañang on Friday hit back at Vice President Sara Duterte after she criticized the President Ferdinand Marcos Jr.'s handling of unemployment and the economy.
· Catherine S. Valente
Former Palestinian prisoner runs marathon along iconic concrete wall in the West Bank
Palestinian Mohamad Al-Assi, who was released from Israeli detention six months ago, runs past Israel’s separation wall as he trains ahead of the Palestine Marathon in the West Bank city of Bethlehem, Thursday, May 7, 2026. (AP Photo/Sam Metz)
· Sam Metz
Polymarket promo code NYPMAX: Deposit $20, get $20 for Knicks vs. 76ers on Friday
The Knicks and 76ers continue their best-of-7 series on Friday, and Polymarket has an exclusive sign-up offer for readers of The Post when they create an account on the fast-growing prediction market using the Polymarket promo code NYPMAX.
· Michael Leboff
Hostages freed after German bank robbery, suspects on run
Two captives were locked inside the bank's vault but were freed by police unharmed. (Sascha Ditscher/dpa via AP)
US adds 115,000 jobs in April, but experts warn of hidden weakness in economy
The gains mainly came in the healthcare, transport and warehousing and retail trade sectors
· Agence France-Presse
US adds 115,000 jobs in April, but experts warn of hidden weakness in economy
The gains mainly came in the healthcare, transport and warehousing and retail trade sectors
· Agence France-Presse
American Consumers Have Never Been Less Confident Despite Inflation Fears Easing; UMich
With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for a continued slide (already at record lows) in the American consumer's sentiment in preliminary UMich data for May released today.
· Tyler Durden
China’s shipping firms brace for a new ‘era of chaos’ as Iran war drags on
Chinese shipping giants are signing long contracts and rejigging their networks, as they hedge against prolonged disruptions to global trade routes
· Carol Yang
China’s shipping firms brace for a new ‘era of chaos’ as Iran war drags on
Chinese shipping giants are signing long contracts and rejigging their networks, as they hedge against prolonged disruptions to global trade routes
· Carol Yang
US Jobs Jump 115K, Smashing Estimates; Unemployment Rate Unchanged At 4.3%
In his preview of today's NFP report, Goldman's Delta One head wrote that "NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constr…
· Tyler Durden
Loan deferrals and relief for more than 65,000 UAE bank customers affected by Iran war | The National
More than 65,000 business and individual customers across the UAE have availed loan deferrals, interest relief and fee waivers worth Dh6.2 billion ($1.69 billion) to offset the economic impact of the Iran war.
· Sarmad Khan
War gains, long-term pain: Wall Street's core business at risk due to Iran war
Wall Street may be profiting from the US and Israeli war on Iran, but short-term gains due to rising oil prices and market volatility are causing a slowdown in dealmaking – threatening its core business, market analysts have told Middle East Eye.
· Middleeasteye
Watch: Return of Palestine Marathon attracts thousands of runners
Thousands of people have taken part in the Palestine Marathon and Half Marathon which returned to the West Bank city of Bethlehem after a two-year pause because of restrictions over the Gaza War.
Cardinals are favorites to win the tank-off for Arch Manning in 2027
The Arizona Cardinals had a pretty miserable season in 2025, but things are looking up, right? Not according to the sports betting market.
· Malik Smith
US employers add 115K jobs in April — another surprisingly strong report despite Iran war
Hiring was surprisingly strong in April for the second month in a row, signaling the labor market may be withstanding pressures from higher energy costs amid the Iran war for now.
· Taylor Herzlich
Futures Rebound, Trade At All Time Highs On, What Else: Tech And Iran Optimism
US equity futures are higher and just shy of a new record, with technology names leading futures higher ahead of April jobs report, after Trump’s assertion that the Iran ceasefire is still holding despite an exchange of weapons between the US and Iran overnight, and a deep weekly loss for oil help futures regain pos…
· Tyler Durden
Wall Street giants lead China-profit surge despite market polarisation, uneven recovery
Major investment banks expand market share in China, with Goldman reclaiming the revenue lead while Shengang keeps its asset crown
· Karen Tian
Wall Street giants lead China-profit surge despite market polarisation, uneven recovery
Major investment banks expand market share in China, with Goldman reclaiming the revenue lead while Shengang keeps its asset crown
· Karen Tian
Paul Simon review – at 84, back on stage after hearing loss, his resolute artistry is inspiring
M&S Bank Arena, LiverpoolWhat Simon has lost in vocal power he has added in intimacy and authority – and this hushed performance makes for an arena concert like no other
· Davesimpson
A cloud computing stock is soaring more than 25%. Here’s what’s driving the rally
Akamai's stock jumped in early trading Friday after it announced a $1.8 billion deal with an AI company and posted first-quarter earnings that were in line with estimates.
· Sawdah Bhaimiya
Police called to hostage situation at German bank
A police officers stands at the scene of an incident where, according to reports, a hostage situation has occurred at a bank branch in Sinzig, Germany, Friday, May 8, 2026. (Thomas Frey/dpa via AP)
Israeli settlers new settlement outpost in West Bank
Israeli settlers established a new illegal settlement outpost northwest of the town of Bruqin near the occupied West Bank city of Salfit on Thursday, the Palestinian news agency Wafa reported, citing a local researcher.
· Middleeasteye
Cathay Pacific to lower fuel surcharges for passenger flights by up to 14%
Decrease to take effect on May 16 and comes after airline raised surcharges due to higher fuel prices as Middle East war disrupted supplies
· Ng Kang-chung
Cathay Pacific to lower fuel surcharges for passenger flights by up to 14%
Decrease to take effect on May 16 and comes after airline raised surcharges due to higher fuel prices as Middle East war disrupted supplies
· Ng Kang-chung
EU tells airlines passenger rules maintained despite Iran crisis
The European Commission on Friday told airlines that the impact of the Iran war on the jet fuel market is not severe enough to allow airlines to charge passengers a fuel hike surcharge, or to avoid compensation payments for cancelled flights. All passenger protection rules remain unchanged, the commission said.
· Middleeasteye
Lee, first lady meet merchants, shoppers at traditional market in central Seoul
President Lee Jae Myung and first lady Kim Hea Kyung on Friday visited a traditional market in central Seoul and met with merchants and shoppers as part of efforts to check on people's livelihoods.
· Yonhap
UAE announces $49 billion in industrial deals at Make it in the Emirates summit | The National
The UAE announced Dh180 billion ($49 billion) in cumulative offtakes over the next decade during the Make it in the Emirates summit as part of the government's push to strengthen and broaden the country's industrial base amid Iran war driven uncertainties.
· Fareed Rahman
How China’s sharper tech edge forces South Korea to rethink decades of industrial ties
Scholars urge a pivot to shared AI and EV standards and cooperation, while an upgraded China-South Korea free-trade pact is deemed vital
· Alice Li
How China’s sharper tech edge forces South Korea to rethink decades of industrial ties
Scholars urge a pivot to shared AI and EV standards and cooperation, while an upgraded China-South Korea free-trade pact is deemed vital
· Alice Li
The US economy is leaving most other big rich countries in the dust so far in 2026, data shows
The US has enjoyed dramatically larger economic growth so far this year than most other large developed countries in the world, economic data shows.
· Ronny Reyes
China ‘full-time children’ re-enter job market, believe experience will ease future challenges
Mainland youngsters reflect on ‘paid’ time spent caring for and keeping company with their parents, say it is not a panacea for tough job market
· Fran Lu
China ‘full-time children’ re-enter job market, believe experience will ease future challenges
Mainland youngsters reflect on ‘paid’ time spent caring for and keeping company with their parents, say it is not a panacea for tough job market
· Fran Lu
Estaria Putin às vésperas de sofrer um golpe de Estado?
O Kremlin endureceu drasticamente as medidas de segurança em torno do presidente russo, Vladimir Putin. O motivo seriam temores crescentes de atentados e golpes de Estado. Isso consta em um relatório de um serviço de inteligência europeu, citado pelo portal russo especializado em jornalismo investigativo Important S…
· Evgeniy Dyuk