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Middle East tensions spike, Palantir beats sales expectations, Tesla's Musk settles SEC case, Amazon expands logistics.

Market News
05 May 2026
CNBC
Neutral
pluang ai news

Tensions in the Middle East escalated with missile attacks and U.S. military actions, causing oil prices to surge and stocks to fall. Palantir reported an 85% revenue growth in Q1, surpassing expectations and raising its full-year guidance. Tesla CEO Elon Musk agreed to a $1.5 million SEC settlement over Twitter stake disclosure issues. Amazon launched a new program allowing outside businesses to use its logistics network, prompting sharp stock drops for UPS and FedEx due to competition fears. These developments highlight geopolitical risks and shifts in tech and logistics sectors affecting investors.

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