The Economic Times

Berkshire Hathaway now has very high cash and a new CEO after Warren Buffett. The company is not investing much and is selling stocks. Experts are asking what it will do next. Some say it may give dividends. Others think it will focus on energy and business growth. Big changes may happen soon.

Spirit Airlines has shut down operations. This marks the first airline collapse linked to the Iran war, following a surge in jet fuel prices. The U.S. government has announced a relief plan for affected customers and the airline's 17,000 employees. Major carriers are capping ticket prices and offering reduced fares. Employee support includes job interview opportunities.

The Met Gala is facing unprecedented security preparations this year, with authorities treating the event as a high-risk gathering due to past protests and global tensions. The Metropolitan Museum of Art will be surrounded by armed officers, surveillance systems, drones, and restricted zones designed to control access. Officials are also preparing for possible demonstrations linked to geopolitical conflicts and labor-related activism.

Wrexham's dream of reaching the Premier League is over, for this season anyway. Ipswich is owned by U.S. investment group Gamechanger 20 Limited and counts pop star Ed Sheeran as a minority shareholder.

Officials are still investigating the abduction of Nancy Guthrie, who went missing three months ago. DNA samples from the crime scene have been sent to the FBI. A man was seen outside her home shortly before her disappearance. Ransom letters have been sent to media outlets. The family is pleading for proof of her well-being.

Missing quarterly tax deadlines can cost you extra money in penalties and interest. People who earn on their own or expect to owe taxes must pay on time during the year. Knowing the correct dates, paying early, and staying organized can help you avoid problems. Simple planning and timely payments make tax filing easier and less stressful.

Iran has offered a new proposal to end the ongoing conflict. The plan suggests reopening shipping in the Strait of Hormuz and lifting the US blockade. Nuclear talks would be postponed for later discussions. However, US President Donald Trump has rejected this offer, stating he cannot agree to Iran's demands. This development comes after weeks of disrupted global energy supplies.

Former India spinner Ravichandran Ashwin has expressed doubt over MS Dhoni's return for Chennai Super Kings' IPL 2026 clash against Mumbai Indians. Ashwin believes Dhoni is unlikely to play, and also suggested Rohit Sharma might be sidelined due to injury. The article highlights the crucial must-win nature of this encounter for both struggling franchises.

The bodies of a five-year-old boy and his six-month-old sister, killed in a Manipur bomb attack, were finally taken for last rites after 25 days in the morgue. The April 7 incident in Bishnupur had sparked widespread protests, leading to the case being handed over to the NIA.

Quote of the Day by John Milton: For what can war, but endless war, still breed? John Miltons quote is a powerful reflection on war, peace, and the repeating cycle of violence in human history. The timeless quote highlights how conflict rarely brings true resolution and instead leads to further destruction, suffering, and retaliation. It serves as a moral warning about the consequences of choosing force over dialogue and urges humanity to break free from cycles of hostility.

President Trump showed interest in government taking over companies like Spirit Airlines. He saw these moves as financial wins and a way to boost the US economy. This approach marked a shift from traditional Republican views. Trump believed in government stakes for economic security and to compete with China. His administration made several investments in key industries.

Quote of the day by Nicole Kidman shares a message about change, risk, and progress. The quote explains how life moves with turns and uncertainty. This story explains the quote meaning, life lessons, and the journey of Nicole Kidman. It covers her early life, career growth, awards, films, television roles, personal life, and major achievements while linking the quote to real events from her career and life.

Aldi pizza salmonella: At least 34 people in 13 states have been sickened with salmonella poisoning traced to contact with backyard poultry. Backyard poultry include birds like chicken, ducks, geese, guinea fowl and turkeys.

JetBlue Airways steps in after Spirit Airlines ceases operations. The airline offers $99 rescue fares for stranded Spirit passengers. JetBlue also caps fares and expands its service at Fort Lauderdale and San Juan. This move aims to maintain regional connectivity and keep travel affordable. JetBlue will add new destinations and increase daily flights.

Spirit Airlines shutdown creates travel problems for many passengers. American Airlines steps in with quick support like cheaper rescue fares and extra flights. The airline is also helping stranded staff and offering jobs. Many routes are covered to reduce issues. This move aims to make travel easier and support people affected by the sudden airline shutdown situation.

Chinese proverb of the day shares a lesson about curiosity, education, knowledge, success, and humility. The proverb explains why asking questions removes fear and builds understanding. It shows how silence creates ignorance. The message supports lifelong learning, problem solving, and critical thinking. The teaching also explains how schools, workplaces, and daily life benefit when people speak, ask, and learn without fear.

Alex Zanardi cause of death: Alex Zanardi, the Italian racing driver turned Paralympic champion, has passed away at 59. Known for his Formula One career in the 1990s and CART titles in 1997 and 1998, Zanardis life changed after a devastating 2001 crash that led to the amputation of both legs. He later reinvented himself as a para-cyclist, winning four Paralympic gold medals. Despite another serious accident in 2020, he remained an enduring symbol of resilience.

Israeli airstrikes hit southern Lebanon on Saturday, killing at least seven people. This occurred despite a ceasefire in place since April 17. Villages like Kfar Dajal, Lwaizeh, and Shoukin were targeted. The Israeli military conducted about 50 airstrikes in 24 hours. Hezbollah also reported drone attacks on Israeli troops. The conflict continues along the Lebanese-Israeli border.

A Nashik court on Saturday refused anticipatory bail to Nida Khan, an employee of Tata Consultancy Services (TCS), in connection with an alleged sexual harassment and forcible religious conversion case, PTI reported.

Nobel Peace Prize winner Narges Mohammadi is in an unstable condition in an Iranian hospital. She was transferred from prison after a severe health crisis. Her family reports a catastrophic deterioration including loss of consciousness and a cardiac crisis. Doctors determined her condition could not be managed on-site. She remains in an unstable state receiving oxygen.

Why did Spirit Airlines fail? First major casualty of the 2026 Iran war fuel shock. The collapse of Spirit Airlines today, May 2, 2026, isn't just a corporate failureits a collision between a fragile business model and a volatile new geopolitical reality. While Spirits liquidation is arguably the most visible American corporate collapse triggered by the 2026 Iran war, it isn't technically the first shock. The economic tremors started back in early March when Brent crude surged toward $120 follow

A Lucknow topper achieved 99.25% in Class 12 by studying just 3-4 hours daily, emphasizing consistency and breaks. Siddharth balanced academics with sports and relaxation, highlighting smarter learning over long hours. His approach underscores the importance of hobbies, a support system, and mindful social media use for academic success.

African proverb of the day explains how challenges affect every person regardless of wealth or status. The proverb teaches shared humanity, empathy, unity, hope, and resilience. It shows why communities matter during difficult times and how people can support one another. This proverb also connects with other inspiring African proverbs and daily life lessons.

America plans to pull 5,000 troops from Germany. This move encourages Europeans to bolster their own defenses. Germany is increasing its military size and speeding up procurement. The withdrawal is expected within a year. This development adds to existing trade tensions between the US and Europe. Poland expresses concern over the alliance's stability.

South Gujarat's Vibrant Gujarat Regional Conference saw the signing of 2,792 MoUs worth Rs 3,53,306 crore, projected to create 2.82 lakh direct jobs. The initiative aims to bring global opportunities to small businesses and focus on job creation, particularly for women in tribal areas through the garment sector.

Hundreds of villagers in Falta, West Bengal, protested and blocked roads, alleging life threats from TMC workers after vote counting. BJP supporters claimed a local TMC leader threatened bloodshed, demanding CRPF presence. The TMC candidate dismissed the claims, calling it a BJP ploy.

Kapil Sibal stressed the need for state government employees at every vote counting table for the West Bengal Assembly polls. This ensures a fair process. The Supreme Court upheld the Election Commission's circular allowing a mix of Central and state personnel. Sibal argued for strict implementation of the circular.

Spirit shutting down: Spirit Airlines is shutting down today. Spirit grounded all flights now. Two billion dollars in debt killed the carrier. Spirit's restructuring plan assumed jet fuel at $2.24 per gallon in 2026. The Iran conflict pushed prices to $4.51 per gallon overnight. That single miscalculation added $360 million in costs to an airline already bankrupt twice in 18 months. The era of cheap travel is over. Low fares cannot survive this inflation. Protect your money and act right now for

The Competition Commission of India has once again rejected AGI Greenpac's challenge. The regulator upheld the green channel approval for Independent Sugar Corporation's acquisition of Hindusthan National Glass & Industries. AGI Greenpac's concerns about undisclosed equity participants and control transfer were dismissed. The CCI found no significant market overlaps or material changes warranting interference with the approval.

Facebook, Instagram, WhatsApp parent Meta said in court filings New Mexico plans to ask for $3.7 billion in damages to fund a 15-year mental health plan including new healthcare facilities

BSE Odisha 10th Toppers: Odisha Class 10 results for 2026 are set to be announced today, May 2, at 4 pm, with scorecards accessible from 6 pm. The Board of Secondary Education Odisha will release detailed statistics instead of an individual toppers list. Last year's overall pass percentage was 94.93%, with girls achieving a higher pass rate than boys.

The Enforcement Directorate saw fewer arrests in the last financial year. However, asset attachments reached an unprecedented Rs 81,000 crore. Raids nearly doubled. The agency successfully restored over Rs 32,000 crore to fraud victims. Investigations are now more targeted, leading to faster case closures. International cooperation also saw an increase.

The International Testing Agency (ITA) has raised concerns about doping in India. Athletes are reportedly receiving advance notice of tests and avoiding controls. The ITA suggests India needs significant governance and structural reforms to be considered for hosting the 2036 Olympic Games. Officials are working with Indian anti-doping bodies to address these issues.

Zayn Malik and Gigi Hadid's daughter Khai celebrated birthday with the supermodel mother.

Zayn Malik's recent hospitalization in April 2026 came around the release of his album. He shared a photo from a hospital bed on social media and told fans he was unexpectedly recovering after a difficult week.

Pakistan's energy vulnerability is highlighted as Petroleum Minister Musadik Malik revealed that Islamabad possesses only a few days of crude supplies. He said Pakistan is not like India which has 60-70 days of reserves and can release it with just a single signature. He also admitted that Pakistan does not have strategic petrol reserves even for a single day

Kerala experienced heavy rains on Saturday, leading the IMD to issue an 'orange alert' for Ernakulam, Thrissur, Idukki, and Malappuram districts due to very heavy rainfall. The alert warned of thunderstorms with gusty winds up to 50 km per hour. Additionally, high UV radiation levels were recorded in Pathanamthitta and Idukki.

Strait of Hormuz reopen: Iran has been blocking nearly all shipping from the Gulf apart from its own for more than two months. Last month the U.S. imposed its own blockade of ships from Iranian ports.

NATO is collaborating with the United States to comprehend Washington's decision to reduce its troop presence in Germany by 5,000. This move follows a disagreement between leaders, with NATO emphasizing Europe's increased defense investment and responsibility for shared security. The alliance remains confident in its deterrence and defense capabilities as Europe strengthens within NATO.

Rohit Jain has been appointed as the new deputy governor of the Reserve Bank of India. His term will begin on May 3 and last for three years. Jain currently serves as an executive director at the central bank. He takes over from T Rabi Sankar, who recently retired.

Mumbai watermelon case: Investigations into the deaths of a Mumbai family have ruled out food adulteration, with FDA tests finding no contaminants in watermelon, biryani, or other food samples. Forensic experts are now conducting further tests to detect microbial toxins or other poisonous substances, aiming to pinpoint the cause of the rapid deterioration and deaths.

India and Ecuador are strengthening ties. Discussions focused on a preferential trade agreement. Cooperation will expand in healthcare, agriculture, and digital technology. Ecuador will join the International Solar Alliance and International Big Cat Alliance. India will provide grant assistance for development projects in Ecuador. Discussions also covered pharmaceutical exports and critical mineral supply chains.

Congress leaders are confident of winning the Assam Assembly elections. They believe people's trust is shifting towards Congress due to issues like corruption. Leaders are meeting candidates and discussing strategies. They also expressed concerns about the Election Commission's impartiality. Leaders are in Assam to ensure the safety of party MLAs ahead of vote counting on May 4.

The Justice V K Mohanan Commission of Inquiry has completed its investigation into the 2023 Tanur boat accident. The commission submitted its final report to Chief Minister Pinarayi Vijayan. The report contains 141 recommendations to improve water transport safety. These aim to prevent future tragedies.