Closes

• The S&P 500 fell 1.8% Thursday, driven by disappointing earnings from major technology companies that missed analyst expectations on revenue growth and profitability. • Mega-cap tech stocks including those from leading AI companies dropped 2.3% collectively, erasing early-week gains as forward guidance pointed to slowing demand for enterprise AI solutions. • The sell-off extended to semiconductor and cloud infrastructure stocks, with the Nasdaq Composite declining 2.1%, signaling growing investor concerns about the sustainability of recent valuations.

PM is in Saudi Arabia at start of an expected wider trip to Gulf allies, who may view him as more reliable than TrumpMiddle East crisis – live updatesThe UK has a “job” to help reopen the strait of Hormuz, Keir Starmer has said, as Iranian reports said the key shipping route was closed again just hours after a supposed ceasefire.The prime minister met UK and local personnel at an airbase in Taif, Saudi Arabia, at the start of what is expected to be a wider trip to Gulf allies, one billed as a mirror to his efforts to pull together a plan for how a ceasefire might operate in Ukraine. Continue reading...

• Blackstone closed a $10 billion opportunistic private credit fund on April 8, 2026, reaching its hard cap target despite ongoing capital outflows in the sector. • The fund's successful close highlights Blackstone's strength in private credit as investors remain cautious due to market volatility and higher interest rates. • This deal underscores the resilience of top alternative asset managers in attracting institutional capital amid broader private credit struggles.

• Jefferson Abington hospital closed its behavioral health unit to accommodate overflow from the emergency department, citing capacity pressures. • The facility will continue providing crisis services and outpatient behavioral health through alternative arrangements, ensuring continuity of care for patients. • The closure reflects broader challenges in the healthcare system regarding bed capacity, mental health service demand, and emergency department overcrowding.

Spain’s defence minister confirms move and describes US-Israel war on Iran as ‘profoundly illegal and unjust’US-Israel war on Iran – live updatesSpain has ramped up its opposition to the US-Israel war on Iran by closing its airspace to US aircraft involved in attacks, underlining its position as Europe’s leading critic of the conflict.The move, first reported by El País newspaper and confirmed by the defence minister on Monday, comes after Madrid said the US could not use jointly operated military bases in the southern European country for operations related to the war. Continue reading...

• Major US indices declined Thursday amid caution over Trump's Iran pause and U.S.-Iran talks: Nasdaq fell 2.4% to 21,408.08, S&P 500 lost 1.7% or 114.74 points to 6,477.16, Dow dropped 1% or 469.38 points to 45,960.11. • Eight of 11 S&P sectors ended negative, led by Communication Services (XLC) -3.5%, Tech (XLK) -2.7%, Industrials (XLI) -2.3%; Energy (XLE) gained 1.6%. • NVIDIA (NVDA) led Dow losers down 4.2% despite Zacks Rank #1 (Strong Buy); trading volume at 16.50 billion shares below 20-session average of 20.54 billion.

• The Embassy of Switzerland's Foreign Interests Section in Tehran has temporarily closed due to the deteriorating security situation in Iran, effective until further notice. • The closure reflects heightened tensions in the region as the U.S. and Israeli military operations continue against Iran, now entering their fourth week. • The suspension of Swiss diplomatic operations, which typically represent U.S. interests in Iran due to the absence of direct U.S.-Iran diplomatic relations, indicates serious concerns about personnel safety in the capital.

• Nvidia announced at GTC 2026 that it has locked in $1 trillion in orders for its Blackwell and Vera Rubin chips through 2027, far exceeding annual revenue and signaling massive AI infrastructure investment across the industry. • Major hyperscalers including Amazon, Microsoft, and Google have significantly ramped up investments in AI data centers and infrastructure, competing to build massive language models and prepare for exponential growth in AI workloads. • Blackwell chips have already begun shipping while Vera Rubin is positioned to deliver major boosts to AI training and inference performance, addressing the current AI infrastructure race among tech giants.

President revealed details of Neal Dunn’s health prompting Mike Johnson, the House speaker, to say it ‘wasn’t public’Sign up for the Breaking News US email to get newsletter alerts in your inboxDonald Trump on Monday publicly revealed details about a Republican congressman’s “terminal” diagnosis that could have left him “dead by June”, prompting Mike Johnson, speaker of the House, to say: “That wasn’t public.”Trump touched on Neal Dunn’s health during a meandering press conference at the White House held alongside leaders of the Kennedy Center and other top Republicans, in which he also discussed topics including the performing arts venue’s upcoming renovation, his chief of staff Susie Wiles’s breast cancer diagnosis and the war with Iran. Continue reading...

The American propelled ahead of frontrunner Michael Kimani Kamau by a fraction of a secondSign up for the Breaking News US email to get newsletter alerts in your inboxIn the final moments of the Los Angeles marathon last weekend, the announcers were already narrating frontrunner Michael Kimani Kamau’s finish when Nathan Martin suddenly propelled forward, shocking newscasters and spectators.The 36-year-old Martin prevailed in a single stride, stepping across the finish line an almost imperceptible fraction of a second before Kamau and becoming the first Black American to win the contest. He had challenged himself in the final miles of the race to keep putting his all into it, despite physical exhaustion, and finished the 26.2-mile race in 2 hours, 11 minutes and 18 seconds. Continue reading...