Ticker: Apple beats out earnings estimates
The day’s business news at a glance
Apple has posted strong quarterly earnings, beating out Wall Street expectations.
The January-March results show continued momentum in iPhone sales. CEO Tim Cook said it was the company’s best March quarter ever, with double-digit growth across every geographic segment.
Amtrak may make it easier to take guns on board
Amtrak is considering allowing people to store guns in lockboxes on most of its trains, which critics say would weaken security measures that instead should be strengthened in light of the shooting at last weekend’s White House Correspondents’ Association dinner.
Two people familiar with the plans who spoke on the condition of anonymity told The Associated Press that Amtrak hasn’t abandoned the proposed plan despite Saturday’s attack at the Washington, D.C., event. They say the Trump administration started pushing for Amtrak to make the change months ago.
Trump OKs new Canada-US oil pipeline
President Donald Trump has granted a key approval to a major new pipeline that would move oil from Canada into the central U.S.
The three-foot-wide Bridger Pipeline Expansion would carry up to 550,000 barrels of oil a day from the Canadian border with Montana down through eastern Montana and Wyoming, where it would link up with another pipeline. More state and federal approvals are needed before Casper, Wyoming-based Bridger Pipeline begins construction.
What to know about May Day demonstrations
Activists worldwide kick off May Day rallies Friday, demanding peace, higher wages, and better working conditions. The day is a public holiday in many countries and demonstrations are expected in major cities.
The European Trade Union Confederation emphasizes that workers are refusing to bear the costs of conflicts like the Iran war. In the U.S., activists opposing President Donald Trump’s policies are planning marches. Rising energy prices and living costs are major concerns.
Stocks rally to the finish of best month since 2020
The U.S stock market motored to more records as profits keep piling up for big businesses. The S&P 500 rallied 1% Thursday and topped its prior all-time high to finish its best month in more than five years.
The Dow Jones Industrial Average jumped 1.6%, and the Nasdaq composite climbed 0.9% to its own record.
U.S. economy grew 2% from January-March
The U.S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall’s 43-day federal government shutdown. But the outlook is clouded by the Iran war.
The Commerce Department reported Thursday that gross domestic product — the nation’s output of goods and services — rebounded from a lackluster 0.5% expansion the last three months of 2025.
Musk spars with OpenAI attorney in trial
Elon Musk on Thursday sparred with an attorney for OpenAI during his third day of testimony in the contentious trial over the company’s pivot from nonprofit status to a for-profit venture valued at hundreds of billions of dollars.
The trial centers on the 2015 birth of the ChatGPT maker as a nonprofit startup primarily funded by Musk. It pits the world’s richest person against Sam Altman, a fellow OpenAI co-founder he accuses of betraying promises to keep the company as a nonprofit dedicated to humanity’s benefit.



