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Business News

Location American Business News for 5 May 2026
Prediction Market Traders Push April 2026 Volume to $8.6B, Kalshi Takes the Lead The prediction market sector posted $8.6 billion in taker volume during April 2026, with Kalshi overtaking Polymarket to claim the top spot, according to onchain data tracked by Dune Analytics. Key Takeaways: Kalshi post...
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Bitcoin tests $80,000 as Asias bid fades and Hong Kong AI IPOs surge Western desks are carrying the bitcoin rally alone, with Fridays jobs report the next test.
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FBI Warns Of Bank Call Scam Draining Savings In Minutes - How Fraudsters Trick Victims Authorities in the US warn of a surge in banking spoof scams, where criminals impersonate bank staff to steal money. Victims are urged to verify requests and contact banks directly.
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Microns stock soars as new report throws cold water on the bear case: This time is different. IDC analysts say that the memory market can break from its historical tendency to see dramatic booms and busts.
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Why the oil market is too complacent about the supply threat its facing While there are 7.8 billion barrels stockpiled on paper, the reality is more like 1.4 billion barrels and as the market begins to process this realization, SocGen forecasts the oil price will rise.
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U.S. tests the Iran wars fragile ceasefire by attempting to open the Strait of Hormuz U.S. military officials revealed two American merchant ships made it through the strait on Monday. The Iran war risked reigniting after the U.S. tried to force open the Strait of Hormuz for commercial shipping, though a ...
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U.S. Trade Deficit Grew in March

The New York Times - 5 May 2026 13:08
U.S. Trade Deficit Grew in March Both exports and imports rose after the Supreme Court struck down many of the presidents highest levies in February.
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The mysterious link between CIA-linked researcher Andrija Puharich and 'The Nine', alleged alien or supernatural beings, is renewing paranormal research and conspiracy theories.
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Haun Ventures Unveils $1 Billion Fund to Build the Next Financial System The new fund will focus on supporting initiatives targeting innovation in three key areas: services for the new financial infrastructure, including crypto and other technologies; new assets and markets, including tokeniz...
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Michael Saylor's Strategy signals potential bitcoin sale to fund dividends obligations Michael Saylor proposes using bitcoin sales to support dividends, as Strategy reported a $12.54 billion Q1 loss.
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A viral video of Rihanna and A$AP Rocky at the Met Gala shows them in a seemingly heated discussion, sparking fan reactions and debates about their relationship.
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Understanding Financial Statements and Their Importance

Small Business Trends - 5 May 2026 23:28
Understanding Financial Statements and Their Importance Explore the fundamentals of understanding financial statements and their critical role in making informed business decisions. This article delves into key components, benefits, and how mastering these documents can enhan...
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An AI crypto startup says it's going 'AI-native' by slashing 25% of its workforce 0G Labs cut a quarter of its staff, citing AI agents replacing human work. It's the latest sign of a broader wave of AI-driven layoffs.
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SBI employees to go on a 2-day strike on May 25,26: Check their 16 key demands State Bank of India employees plan a two-day strike on May 25-26, 2026, to demand better working conditions and job security. The All India State Bank of India Staff Federation cites administrative neglect and anti-emplo...
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Stake Launches Regulated Mexico Operation Five Weeks Before World Cup Kickoff Online gambling operator Stake officially launched in Mexico on Monday, going live through stake.mx under a permit-based structure overseen by SEGOB, the Ministry of the Interior. The company is operating as an agent und...
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Barack Obama on What His Role Is Now

The New Yorker - 5 May 2026 23:00
From the daily newsletter: The former President reflects on what his role should be in the age of Donald Trump.
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A new biography reveals Prince William's intense anxiety before Harry and Meghan's 2021 Oprah interview, highlighting the behind-the-scenes tensions and potential fallout within the royal family.
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Income-tax returns: Form 121 replaces Form 15G, 15H - Who is eligible, where to download and how to avoid TDS, explained The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms - Form 15G and 15H - with a single Form 121, as part of the government's move to streamline and simplify India's tax codes.
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Betting on long Treasury bonds when yields near 5% has been a slam-dunk trade over the past few years. Is this time different? There is not a break-the-glass solution, says former Treasury Secretary Steven Mnuchin of backup plans if the U.S. cant finance its debt.
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DOJ Demands Poll Worker Info as it Seeks to Take Over Elections Nationally, Fulton County Official Tells TPM We Are Going To Fight Like Hell The Justice Department demanded in April that Fulton County hand over names and
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Trust in crypto remains biggest barrier to adoption, say Consensus Miami 2026 panelists Speakers point to complexity, poor user experience and lack of transparency as key obstacles for mainstream users.
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RBI proposes 7-year cap on holding non-financial assets RBI's proposed framework will apply only to assets against exposures that have been classified as non-performing assets (NPAs) and for which other recovery options have been explored and found to be unviable.
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