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By Saqib Iqbal Ahmed NEW YORK, May 1 (Reuters) – Blindly following the old Wall Street adage “sell in May and go away” may prove costly, as investors weigh whether to call time on a powerful market recovery heading into a historically turbulent stretch of the year. The S&P 500 has already staged a dramatic comeback, recovering a near-10% decline in just 11 trading sessions after a selloff triggered by […]

May 1 (Reuters) – Elon Musk testified for more than seven hours over three days this week at a trial in Oakland, California, over the future of OpenAI, casting his lawsuit against the owner of ChatGPT as a defense of the institution of charitable giving. Musk, the CEO of Tesla and SpaceX as well as the world’s richest person, is also suing OpenAI’s Chief Executive Sam Altman and its President […]

May 1 (Reuters) – Elon Musk testified for more than seven hours over three days this week at a trial in Oakland, California, over the future of OpenAI, casting his lawsuit against the owner of ChatGPT as a defense of the institution of charitable giving. Musk, the CEO of Tesla and SpaceX as well as the world’s richest person, is also suing OpenAI’s Chief Executive Sam Altman and its President […]

By Lewis Krauskopf NEW YORK, May 1 (Reuters) – Investors will look for another batch of earnings reports and fresh employment data to drive a resilient U.S. stocks rally higher next week, in the face of spiking oil prices and a more hawkish Federal Reserve. Major U.S. stock indexes were at record-high levels on Thursday, following a sharp month-long rebound from concerns about economic fallout from the Middle East war. A […]

By Lewis Krauskopf NEW YORK, May 1 (Reuters) – Investors will look for another batch of earnings reports and fresh employment data to drive a resilient U.S. stocks rally higher next week, in the face of spiking oil prices and a more hawkish Federal Reserve. Major U.S. stock indexes were at record-high levels on Thursday, following a sharp month-long rebound from concerns about economic fallout from the Middle East war. A […]

By Mike Stone WASHINGTON, May 1 (Reuters) – The U.S. Navy is ramping up its AI capabilities to hunt for Iranian mines in the Strait of Hormuz, one of the world’s most critical shipping lanes, a recently awarded contract shows. President Donald Trump has said the U.S. Navy is clearing Iranian mines from the strait, a vital sea route for oil shipments, whose disruption is increasingly threatening the global economy. […]

By Mike Stone WASHINGTON, May 1 (Reuters) – The U.S. Navy is ramping up its AI capabilities to hunt for Iranian mines in the Strait of Hormuz, one of the world’s most critical shipping lanes, a recently awarded contract shows. President Donald Trump has said the U.S. Navy is clearing Iranian mines from the strait, a vital sea route for oil shipments, whose disruption is increasingly threatening the global economy. […]

By Amina Niasse NEW YORK, May 1 (Reuters) – Americans enrolled in Medicare Advantage health plans should expect to see fewer extra benefits like gym memberships and vision and dental coverage next year, investors and industry experts say. The U.S. government said earlier this month it would raise 2027 payments to insurers managing Medicare Advantage plans for people aged 65 and older or with disabilities by 2.48% on average. Dr. […]

By Amina Niasse NEW YORK, May 1 (Reuters) – Americans enrolled in Medicare Advantage health plans should expect to see fewer extra benefits like gym memberships and vision and dental coverage next year, investors and industry experts say. The U.S. government said earlier this month it would raise 2027 payments to insurers managing Medicare Advantage plans for people aged 65 and older or with disabilities by 2.48% on average. Dr. […]