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Latest news, analysis, and updates in business.

red and white concrete building near palm trees during daytime
May 3, 2026

McDonald’s Dumps Free Drink Refills, Sparking Customer Outrage

McDonald’s is eliminating free drink refills across the U.S., ending a beloved perk and stirring backlash amid rising menu prices.

4 min read

an oil rig in the middle of the ocean at sunset
May 3, 2026

OPEC+ Agrees Symbolic Quota Hike as UAE Touts Oil Investment

OPEC+’s modest 200K bpd quota hike reveals internal power plays, with UAE pushing for more output and Saudi Arabia defending prices.

8 min read

a close up of a cell phone screen
May 3, 2026

Adam Foroughi: Public market perceptions can misalign with actual performance, AppLovin’s strategic stock buyback reflects confidence, and the overlooked potential of mobile gaming

AppLovin’s $6 billion buyback defies Wall Street’s undervaluation, signaling strong confidence in mobile gaming’s overlooked growth potential.

8 min read

a glass of beer
May 3, 2026

The Biggest Reason Microsoft's Earnings Report Was a Disappointment

Microsoft’s cloud growth slowed to 22%, missing expectations and spooking investors, marking a critical shift in the company’s earnings momentum.

4 min read

A cell phone sitting on top of a wooden table
May 3, 2026

Chipotle adds free offer for customers amid rising prices

Chipotle offers a free entrée to Rewards members who dine four times, aiming to ease backlash from rising menu prices and retain loyal customers.

4 min read

an oil rig in the middle of the ocean at sunset
May 3, 2026

Algeria reaffirms OPEC commitment as UAE plans exit by May 2026

Algeria reaffirms OPEC commitment to stabilize oil markets as UAE plans to exit by 2026, threatening cartel cohesion and price stability.

8 min read

a group of people sitting around a table
May 3, 2026

Lightspeed Commerce Sells Upserve U.S. Hospitality Unit for Up to $81M, Raises EBITDA Outlook

Lightspeed sells Upserve for $81M, lifting its EBITDA forecast by $10M and refocusing on core hospitality and retail platforms.

4 min read

a pink nintendo ds sitting on top of a white table
May 3, 2026

Reggie Fils-Aimé says Amazon once asked Nintendo to break the law

Amazon pushed Nintendo for illegal preferential treatment during the DS era, prompting Nintendo to stop selling consoles to Amazon entirely.

4 min read

A street sign in front of a house
May 3, 2026

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Newsom’s ultimatum signals a state takeover threat to break local gridlock and tackle California’s massive housing shortage and soaring rents.

7 min read

A yellow spirit airplane on the runway of an airport
May 3, 2026

Was the Iran war the final blow in the collapse of Spirit Airlines?

Spirit Airlines collapses after Iran war-driven fuel price surge, leaving 17,000 employees jobless and ending 34 years of ultra-low-cost flights.

4 min read

a jet flying in the sky
May 3, 2026

Netanyahu boasts of Israel’s billion-dollar military investments

Israel’s $119B military investment marks a strategic pivot to self-reliance, focusing on missile defense, drones, and cyber tech to reduce foreign dependence.

8 min read

a group of oil rigs in the ocean
May 3, 2026

OPEC+ announces symbolic oil output rise during Strait of Hormuz closure

OPEC+’s symbolic 188,000 bpd output increase amid Strait of Hormuz closure signals unity but won’t ease looming oil supply risks.

8 min read