S&P 500 retreats from peak as oil prices rise: Live updates
Market Movements and Reactions On May 7, 2026, traders were busy at the New York Stock Exchange, watching developments related to the ongoing situation between the United States and Iran. Oil prices, after a significant drop, managed to rebound to new intraday highs before slipping again on Thursday. The S&P 500 index was last noted […]
Oil executive cautions that Gavin Newsom’s regulations might greatly increase gas prices in California.
Pat McDonald, a leading executive in the oil sector, has raised concerns that gas prices in California are likely to keep climbing unless Governor Gavin Newsom takes steps to “encourage” local producers to ramp up output. The CEO of Carbon Energy Corporation, which manages some of California’s oldest oil wells, stated to the California Post, […]
S&P 500 and Nasdaq futures reach all-time highs while oil prices continue to fall
Market Update: S&P 500 and Nasdaq Near Record Highs On Thursday, the S&P 500 and Nasdaq remained close to their all-time highs, thanks in part to a steady drop in oil prices. This decline comes amid optimism surrounding a potential agreement between the United States and Iran that could stabilize oil supplies through the Strait […]
McDonald’s reports solid earnings, but CEO cautions that rising gas prices could impact future profits
McDonald’s Posts Strong Earnings Despite Economic Concerns On Thursday, McDonald’s announced unexpectedly positive quarterly profits and sales. However, CEO Chris Kempczinski, who recently drew attention for a rather awkward bite of his company’s hamburger, mentioned that consumer spending might be “a little bit worse” due to rising fuel costs affecting people’s budgets. The fast-food giant’s […]
Federal Reserve study shows rising gas prices affect low-income families the most
Impact of Gas Prices on Households Varies by Income Level A recent report from the Bank of New York, part of the federal reserve system, highlights the differing effects of rising gas prices on households based on their income. The analysis comes in light of soaring energy prices that began hitting a four-year peak in […]
Gold prices updated as of May 7, 2026
As of 9:10 a.m. ET today, gold is priced at $4,739 per ounce, which is an increase of $54 from yesterday and a notable rise of $1,350 from this time last year. Historical Gold Price Overview To put things in perspective, yesterday the price was $4,685, reflecting a 1.15% increase. A month ago, it was […]
Trump criticizes the $1,000 ticket prices for the World Cup in an exclusive interview: ‘I wouldn’t pay it either, to be honest’
In a recent conversation with the Post, former President Trump criticized the soaring ticket prices for the upcoming 2026 FIFA World Cup. He mentioned he’s unwilling to pay the $1,000 price tag for the United States’ opening match against Paraguay next month. During a brief phone call late Wednesday, he voiced his astonishment at the […]
Doordash is compensating delivery drivers as gas prices rise in California.
DoorDash to Spend Over $50 Million on Fuel Relief for Drivers DoorDash is set to allocate more than $50 million this quarter to assist drivers grappling with increasing fuel costs. This decision comes as gas prices continue to strain both consumers and businesses, particularly in California, which is facing significant pressure in this nationwide dilemma. […]
FIFA president Gianni Infantino attributes World Cup prices to the US resale market.
FIFA President Gianni Infantino expressed disappointment over the high ticket prices for this year’s World Cup, suggesting it would be unfortunate if fans disapprove. He noted recently that the cost of tickets had increased significantly for this summer’s matches, with final tickets soaring to nearly $13,000—up from around $1,600 for the 2022 tournament—largely due to […]
Gold prices in India on May 6
On Wednesday, gold prices climbed in India, based on information from FXStreet. The price per gram increased to INR 14,266.94, up from INR 13,975.40 on Tuesday. Likewise, the price per tola rose from INR 163,006.40 to INR 166,399.80. Here’s a quick summary of current gold prices: 1 gram: 14,266.94 10 grams: 142,663.40 1 tola: 166,399.80 […]