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Take five: Sell in May? Let's find out​

LONDON, May 1(Reuters) - From high oil prices and the conflict in the Middle East to Japan's yen, the latest U.S. jobs data, an Australian rate decision, and a UK local election: there's plenty for traders to mull over in coming days.

Here's all you need to know about the week ahead in financial markets from Lewis Krauskopf in New York, Andy Bruce, Dhara Ranasinghe and Samuel Indyk in London and Rocky Swift in Tokyo

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https://www.msn.com/en-us/money/mar...y-let-s-find-out/ar-AA228SZR?ocid=socialshare
 

‘Godspeed my friend’: Inside the final hours of Spirit Airlines​

  • Spirit Airlines shut down at 3 a.m. ET Saturday after talks for a government bailout fell apart.
  • The budget airline known for its bright yellow jets brought discount travel to the masses in the U.S. and large parts of the Caribbean and Latin America.
  • More than 17,000 direct and indirect employees lost their jobs.
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Harry Sing & Bolla Oil


Oct 22, 2020 #CNBC #BlueCollarMillionaires #CNBCPrime
Correction: The state of Punjab is located in North India. A map in this video points to an incorrect area.
Harry Singh, the president of Bolla Markets, started out with next to nothing. Now, he’s making billions off of his chain of gasoline stations and convenience stores.

 

Detroit automakers warn commodity spike could add $5B in costs​

Detroit’s biggest carmakers say rising commodity prices tied to the Middle East conflict could add roughly $5 billion to industry costs this year, increasing pressure on already thin profit margins.

General Motors (GM), Ford (F) and Stellantis (STLA) all cited higher raw-material and supply-chain expenses during first-quarter earnings reports, the Financial Times reported Sunday. Executives said they are trying to offset the damage through tighter cost controls, but prolonged disruption could eventually force higher vehicle prices or fewer discounts.

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https://www.msn.com/en-us/money/mar...-add-5b-in-costs/ar-AA22i3Km?ocid=socialshare
 

Stock futures drop as oil rises amid reports that U.S. warship turned back in Hormuz: Live updates​

U.S. stock futures slipped early Monday as the latest developments in the Middle East sent oil prices higher, sparking further worries about instability in the region.

Iranian media reported that ships following reports of an Iranian attack on a U.S. warship and as Iranian media was reporting that a ship was turned back from the Strait of Hormuz. Iran’s Navy said it blocked “American-Zionist” warships from entering the zone, according to state TV reports cited by Reuters.

A separate dispatch from the Fars new agency said two misses hit a U.S. warship near Jask island after it ignored warnings, though neither report was independently confirmed.

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