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Fed's Musalem Says Rate HIke Probability Is Greater-Than-Zero
Federal Reserve Bank of St. Louis President Alberto Musalem says the central bank is missing on the inflation side of its mandate during an interview with Bloomberg's Stephanie Flanders at a central banking conference in Iceland. (Source: Bloomberg)
US government prepares to print $250 note featuring Trump's face
US government prepares to print $250 note featuring Trump's face39 minutes agoShareSaveAdd as preferred on GoogleKwasi Gyamfi AsieduWashingtonGetty ImagesThe Bureau of Engraving and Printing (BEP) develops and produces US currencyUS President Donald Trump's administration is preparing to print a new $250 bill that could feature a portrait of him, if lawmakers allow the move.Federal law bars printing US money with the image of a living person, but Trump allies in Congress have introduced legislat...
FTC Chairman Ferguson Says Agency Probing Fertilizer Industry
The Federal Trade Commission recently launched an antitrust investigation into the rising costs of fertilizer in the US, the agency’s head said at an event in Texas on Thursday.
Treasury pushing plans for $250 bill with Trump's portrait and signature, sources say
Administration officials have pushed to move forward with designing a $250 bill with Donald Trump's portrait and signature, should legislation pass.
Union Pacific, Norfolk Tumble as Regulator Pauses Merger Review
Shares of Union Pacific Corp. and Norfolk Southern Corp. slumped the most in more than a year after a key regulator paused its review of their planned $72 billion merger, potentially delaying what would be the biggest rail deal ever.
What proof do banks require to protect Social Security funds?
MoneyWatch: Managing Your Money What proof do banks require to protect Social Security funds? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes...
Three Exchange-Traded Funds to Watch
From leveraged bets on obscure semiconductor firms to thematic products targeting nicotine, check out these latest—and in some cases curious—launches.
The Guardian view on energy shocks: winter is coming – and Labour needs a plan | Editorial
Clean power remains essential. But until it arrives, Britain must stop LNG made scarce by the Iran war setting gas and electricity prices The US-Israel war on Iran will drive household energy costs in Britain to their highest level in two years over the summer. This has given fresh impetus to calls for the energy secretary, Ed Miliband, to change course. The cabinet minister is vulnerable because he promised cheaper bills if Britain embraced his clean, green power plan.Critics, including Labour’...
Britain faces more than a DECADE of high energy bills: 'Not sustainable!'
Britain faces more than a decade of high energy bills, a leading economist has warned. The UK already has some of the most expensive electricity in the developed world, with industrial prices up to four times higher than in parts of the US. Sir Dieter Helm, Professor of Economic Policy at the University of Oxford, said, because of the contracts system for renewables, the country was locked into high costs until at least 2040.“The economy can’t stand it,” he warned, and said it was “not sustainab...
Canadian Drugmaker Apotex Files For Toronto IPO
Canadian generic drugmaker Apotex Health Corp. filed for an initial public offering in Toronto, it said in a statement on Thursday.
UK recruitment firm collapses with £4.5m debts
UK recruitment firm collapses with £4.5m debtsThe company's directors pointed to 'extremely challenging market conditions' and major clients launching mass redundancies. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Eleanor Burleigh 18:24, Thu, May 28, 2026 Updated: 18:30, Thu, May 28, 2026 The recruitment firm appointed administrators earlier this month (Image: Getty)A UK-based recruitment firm has coll...
Unfair childcare eligibility criteria and the ‘nerd tax’ | Letters
Jamie Evans questions the exclusion that means his family will not be able to claim £8,000 of support while his wife is a PhD studentThe education secretary, Bridget Phillipson, is right to order a Competition and Markets Authority review of hidden childcare charges (Report, 24 May). However, she would do well to also review her department’s own eligibility criteria for accessing 30 hours of funded childcare in the first place. One particularly egregious exclusion is that of PhD students, who mi...
US, Iran Truce Hopes Lift Stocks | Open Interest 5/28/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks climb on reports the US and Iran may extend their truce, pending President Trump’s backing. Software splits as Salesforce disappoints, while Snowflake surges on AI demand. Plus, Goldman’s Ben Snider joins Bloomberg Open Interest on his higher S&P target, Sridhar Ramaswamy, the CEO of Snowflake gives his outlook, Miriam Wheeler calls AI a "generational opportunity” and Kayak’ CEO Peer Buel...
Citadel Securities’ Rubner Says Stocks Pain Trade Points Higher
The “pain trade” in US equities is for prices to keep rising even after a double-digit surge over the past two months, according to Citadel Securities’ Scott Rubner.
PIP benefits set to be overhauled to push young claimants into work
The disability benefits system faces being overhauled to support young claimants into work, the Government’s joblessness tsar has indicated. Alan Milburn, who is conducting a review of young people not in education, employment or training (Neet), indicated that personal independent payments (PIP) should be reformed so it is not purely based around cash help, but provides targeted support to help jobless claimants into work. Milburn signalled the coming shake-up with the publication on Thursday...
Tilman Fertitta’s Years-Long Pursuit of Caesars Is Paying Off
Real estate mogul Tilman Fertitta’s years-long quest to buy Caesars Entertainment Inc. is finally paying off: His firm struck a $5.7 billion, all-cash deal for the Las Vegas company on Thursday that will add some 52 casinos in the US to his entertainment empire. Fertitta’s pursuit of Caesars dates as far back as 2018, when the owner of the Golden Nugget casinos approached the company about a possible merger. Fertitta had borrowed heavily to buy the Houston Rockets basketball team for $2.2 bill...
Iranian dissident news network received £650mn of debt relief
Finances of UK-based broadcaster Iran International, a leading platform for opposition to regime, shored up by shareholders
Major UK charity collapses into liquidation – £430k in debt
Major UK charity collapses into liquidation – £430k in debtThe non-profit cited a 'challenging and turbulent' economic environment for the 'shock' closure, which has left 30 staff members without a job. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Eleanor Burleigh 17:46, Thu, May 28, 2026 Updated: 17:51, Thu, May 28, 2026 The charity appointed liquidators earlier this month (Image: Getty)A major UK char...
Consumer Sentiment Hits Record Low—Economy Stays Solid
LeadershipLeadership StrategiesConsumer Sentiment Hits Record Low—Economy Stays SolidByBill Conerly,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Bill Conerly connect the dots between the economy ... and business!Follow AuthorMay 28, 2026, 12:45pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Pumping gas at gas pump. gettyConsumer sentiment has dropped to record lows, but the ec...
$90,000 CD vs. $90,000 high-yield savings account vs. $90,000 money market account: Here's which will earn more in one year
MoneyWatch: Managing Your Money $90,000 CD vs. $90,000 high-yield savings account vs. $90,000 money market account: Here's which will earn more in one year We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing...