Past

Terry Reed, who had previously been convicted for sexually abusing two other minors, could be imprisoned for 40 yearsSign up for the Breaking News US newsletter email A suburban New Orleans religious pastor has been convicted of sexually molesting two minors in what is the third instance of a man called “the worst kind of predator” being found guilty of abusing teen boys.Terry Reed, 66, cited biblical verses and scripture to “manipulate, normalize and justify his sexual behavior” with the two victims at the center of the newest case against him, according to a statement from Louisiana state prosecutors. Continue reading...

• Oil prices jumped above $100 per barrel and broke through $115 as Iran controls the Strait of Hormuz, with Brent crude rising 6% amid U.S. efforts to free up shipping lanes. • The S&P 500 fell with all 11 sectors declining except energy (+0.9%); Dow Jones dropped approximately 1%, while Asia ex-Japan surged 2.8% led by KOSPI's 5% gain to new highs. • U.S. Treasury yields climbed across the curve by 7-10 basis points, with the 30-year Treasury clearing 5.0% as inflation pressures mount and the USD index moved higher above 98.

• U.S. startups in applied enterprise AI secured over $500 million in funding rounds announced May 4, 2026, focusing on workflow automation and analytics. • Key deals include a $120M Series B for an AI platform optimizing supply chains and $80M for defense-oriented machine learning tools. • Surge underscores investor shift toward practical AI deployments, with returns projected at 5x in three years amid 25% market growth.

• India's foreign exchange reserves increased to over $703 billion, reflecting strengthened economic buffers amid global uncertainties. • The buildup supports rupee stability despite foreign investor outflows and rising oil prices in recent weeks. • This reserve growth enhances India's capacity to manage import costs and external shocks, boosting investor confidence in emerging markets.

Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on IranExxon and Chevron quarterly earnings fall despite soaring oil pricesSign up for the Breaking News US newsletter emailThe average price for a gallon of gas in California rose to $6 this week as fuel prices across the US reached their highest level in almost four years.The American Automobile Association reported on Friday that California consumers were paying an average of $6.06, while the national average hit $4.39. The Golden state is the most expensive US market for gas but costs have also risen nationally with a 27-cent rise this week following two weeks of falling prices, AAA said in a statement. Continue reading...

Company reported $111.2bn in revenue in first earnings report after announcement of Cook’s pending departureApple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down.Cook reported Apple’s “best March quarter ever” and “double-digit growth across every geographic segment”. He also noted “extraordinary demand for the iPhone17 lineup”. Continue reading...

• No. 7 Texas A&M Aggies (34-8) scored nine runs on 11 hits to defeat Tarleton State 9-7 in a midweek game at Olsen Field on Tuesday evening. • Caden Sorrell led with two home runs, his fifth multi-homer game this season. • The late rally secures momentum ahead of SEC series.