Saudi Aramco posts a record Q1 profit

News of the day, Tuesday, May 17

The trade surplus in Indonesia jumped to a record high of $7.56 billion in April, as exports rose sharply and imports rose much slower than expected.

JetBlue launched a hostile all-cash takeover bid for Spirit Airlines two weeks after the carrier rejected an offer.

Saudi Aramco posted a record profit in the first quarter. Net profit rose 82%, as crude prices surged globally. Previously Saudi Aramco displaced Apple as the most valuable company.

Great Britain’s unemployment rate fell to its lowest since 1974 at 3.7%.

SpaceX employees offer to sell shares with a private placement that would value the company at around $125 billion.

The price of Brent crude is $114.50, WTI — $112.00, GBP/USD — 1.2468, EUR/USD — 1.0483, and gold costs $1826.40 per ounce.