Stories from New York · United States

The Nuclear Non-Proliferation Treaty conference is scheduled to open in New York this coming Monday. A report released Friday indicates that an increasing number of financial institutions are investing in weapons production. The conference comes amid discussions regarding security and stability in the Persian Gulf. Iranian Foreign Minister Abbas Araghchi stated that security and stability in the Persian Gulf require credible guarantees against American or Israeli attacks. The conference aims to discuss the treaty's implementation and status. The conference is being held at the United Nations headquarters in New York. The conference also approved the list of vice presidents and leaders of specialized committees. Ambassador Viet made his first remarks in his new capacity as chair.

The NBA has become the first professional sports league to exceed one billion followers across social media platforms. The milestone was discussed as a achievement in digital engagement. No specific breakdown of platforms or individual follower counts per platform was provided. The National Basketball Association has reached 1 billion followers across its social media platforms.

UN General Assembly President Anna Lena Baibok called for international remembrance of the Chernobyl nuclear disaster during a special session. The facility remains in an active war zone following Russia's 2022 invasion. Reactor 4 requires further structural repairs to its surrounding shield. Treat it as background context rather than a newly reported incident unless the source states a current new development. Operators attempted to stabilize the reactor at 1:00 AM on April 26 before power levels dropped uncontrollably. The accident sequence involved removing manual control rods and disabling safety systems. Decision-makers chose to continue operations despite rising power levels, making the emergency process irreversible. This led to 50 tons of radioactive fuel being released into the atmosphere.

The S&P 500 index recorded one of its largest daily increases since World War II, rising 5% to reach a cumulative 9% gain. The S&P 500 index achieved a weekly gain of 0.9% during the week ending May 3, 2026. Market gains were driven by tech shares following a solid outlook from Apple. crude prices fell following reports that Tehran delivered a new proposal to Washington. The S&P 500 index reached a new record high, trading at 7,360. The index rose by 1.4% during the session. This movement occurs amid discussions regarding labor market trends and declining immigration levels. Nomura analyst David Seif provided commentary on the market conditions. The index is currently trading at 7360, representing a 1.4% increase. equities closed at a new record high approximately 35 minutes prior to the broadcast. The report noted the market's performance within the broader landscape of public markets.

Singer Mariah Carey has placed her New York mansion on the market for approximately $43 million. The property is located in a popular area of Manhattan featuring various shops and restaurants. Carey has resided in the home since purchasing it in 1999. The sale follows her 27-year tenure at the residence.

Producer price indices have begun to climb over the last three to four months. Consumer prices exposed to United States tariffs are growing between 3% and 4%. This acceleration moves the inflation outlook further away from the 2% target. Analysts express concern regarding a sticky 3.5% inflation background alongside energy price fluctuations.

Warner Bros Discovery shareholders have approved a merger with Paramount via Skydance. Paramount is set to acquire the company in its entirety, including its film studio, cable networks, and streaming services. The deal is valued at $31 per share following a bidding competition with Netflix. The transaction remains subject to regulatory approval. Shareholders notably voted against compensation packages designated for the current Warner Bros CEO and other executives related to the merger.

Federal prosecutors in the Southern District of New York announced the US Treasury Department will allow the Venezuelan government to pay defense attorneys for Nicolas Maduro and his wife. The US administration is rewriting school textbooks regarding the history of slavery. Van Dyke, involved in planning the operation to oust Maduro, is charged with wire fraud and theft of non-public government information after withdrawing $100,000 from Polymarket. Treasury Department has decided to allow the Venezuelan government to pay for President Maduro's legal fees. Attorney Jay Clayton outlined strict conditions governing the use of these funds on Friday. This change enables the defense team to continue proceedings in US courts. The United States has permitted the Venezuelan government to access funds to support the defense of the Maduro administration.

The Dow Jones Industrial Average has surpassed the 50,000 threshold. Analysts noted the index reached this milestone despite previous skepticism regarding the timeline. This growth follows a upward trend over the past year. This achievement reflects strong performance in the stock market. Analysts attribute the rise to various economic factors and investor confidence. Brent crude oil reached a high of $126.41 per barrel in the Asian market, marking its highest level since March 2022. The Dow Jones Industrial Average closed at 49,652.14 on April 30, marking an increase of 790.33 from the previous day. The US economy grew 2% during the first three months of the year, compared to 0.5% growth in late last year. The Dow Jones Industrial Average rose 790 points, representing a 1.6% increase. The S&P 500 added 73 points and the NASDAQ rose 219 points on Thursday.

Bain Capital is reportedly preparing to offload its majority stake in Tyger Capital.