Urging

• Oil prices surged amid Iran-U.S. conflict threatening global supplies, but U.S. stocks remained resilient near record highs driven by strong earnings from Visa and Starbucks on April 29, 2026. • S&P 500 edged down 0.1%, Dow fell 286 points or 0.6%, Nasdaq up 0.1%; Visa shares jumped 8.3% on resilient consumer spending per CEO Ryan McInerney, Starbucks climbed 8.6% with higher per-visit spending in North America. • Federal Reserve officials hinted at no 2026 rate cuts, nearly eliminating investor bets and nearly favoring hikes due to inflation from energy prices; bond market trembled.

• Cathie Wood's Ark Innovation ETF bought $6.9 million worth of a surging tech stock amid ongoing market volatility. • As of April 2, 2026, ARKK was down 12% year-to-date compared to the S&P 500's 3.8% decline, with a five-year annualized return of -10.6% versus S&P's 12%. • Wood anticipates a 'great acceleration' in global growth driven by innovation, positioning the purchase as a bet on tech recovery.

Shop around, coast downhill, band together – drivers tell of how they’re dealing with the costliest gas in the USJack Nooney has pretty much made peace with the traffic since moving to Los Angeles five years ago, but recent soaring gas prices have certainly added another layer of insult to his daily commute. The musician and full-time grocery deli employee drives from his San Fernando Valley apartment to Santa Monica daily. While it’s just nine miles each way, with LA traffic that often equates to a whole gas-burning hour.Nooney, who makes $20/hour, says it’s become glaringly clear that fuel costs will eat up more of his already tight budget. Angelenos are now paying on average nearly $5.90 a gallon – and some stations are charging a shocking $8 a gallon. The outsized prices are directly related to the Iran war, which has created the largest supply disruption in the history of the global oil market, according to the International Energy Agency. Continue reading...

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins The towns that are the bulwark of China’s energy security can, at a moment of global crisis, appear deceptively quiet. Trucks carrying oil trundle along wide-open highways that have little traffic, while a few boarded-up shops in crumbling low-rise buildings hint at a long-forgotten local buzz.A ramshackle noodle shop serving hand-pulled ribbons of dough was empty at lunchtime, save for a few construction workers and a teacher watching videos on Douyin, the social media platform, with his meal. Continue reading...

Mohammed bin Salman said to consider war a ‘historic opportunity’ to remake Middle East. Plus, Senate passes funding package for Homeland Security that excludes ICEGood morning.Saudi Arabia has urged Washington to intensify attacks on Iran, a Saudi intelligence source has confirmed, while it considers whether to join the war directly.Have there been reports of active Saudi military involvement? Not so far. But a Saudi analyst said the kingdom was likely to intervene if peace efforts led by Pakistan failed. Mohammed Alhamed said: “If [Iran] rejects the conditions and continues its attacks, the threshold for Saudi action will be crossed.”What is the latest on the strait of Hormuz? On Tuesday, Tehran said it would permit “non-hostile vessels” to pass: here is a visual guide.For the latest updates, follow our live blog.Why has there been no DHS funding? Democrats have blocked it as they demand changes to its immigration crackdown, particularly after agents in Minneapolis killed the US citizens Renee Good and Alex Pretti. Continue reading...

Crown Prince Mohammed bin Salman said to view US-Israeli war as ‘historic opportunity’ to remake Middle EastMiddle East crisis – live updatesSaudi Arabia has urged the US to ramp up attacks on Iran, a Saudi intelligence source has confirmed, while it is weighing a decision on whether to join the fight directly.The Saudi source confirmed reporting in the New York Times, which said the kingdom’s de facto leader, Crown Prince Mohammed bin Salman, has urged Donald Trump not to cut short his war against Iran, and that the US-Israeli campaign represented a “historic opportunity” to remake the Middle East. Continue reading...

• On March 20, 2026, the White House issued a four-page National Policy Framework on Artificial Intelligence, recommending Congress preempt state laws interfering with a minimally burdensome federal standard while protecting children and consumers. • The framework prioritizes seven areas, including stronger parental controls for kids, letting courts decide AI training on copyrighted works, and requiring companies to cover data center energy costs without raising residential bills. • It references the March 2026 Ratepayer Protection Pledge by tech firms and calls for streamlined permitting and resources for small businesses; Democrats responded with the GUARDRAILS Act to block a related Trump executive order.