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Albert Manifold ousted as BP chair over governance and conduct concerns
BP stock falls by over 4 percent in US and UK markets as governance concerns lead to chairman Albert Manifold's removal.
Iranian fishermen struggle to survive amid Hormuz blockade
The livelihoods of Iranian fishermen have taken a hit amid the US blockade on Iran’s ports in the Strait of Hormuz.
Two More Oil Supertankers Exit Hormuz to Help Push Up Flows
Commercial shipping through the Strait of Hormuz gained modest momentum over the past 24 hours as at least two non-Iranian supertankers exited the Persian Gulf, the latest mini-flurry in energy flows transiting the vital waterway.
Webster Investors Approve $12 Billion Purchase by Santander
Webster Financial Corp.’s shareholders accepted the $12 billion takeover proposal from Banco Santander SA, clearing one of the last remaining hurdles for the deal.
Citadel Securities Warns That Fed Risks ‘Falling Behind Curve’
The Federal Reserve should shift closer toward hiking interest rates as rising consumer prices become the dominant threat to the economy, according to Citadel Securities.
What strikes are happening in June? All the walkouts as Londoners face summer travel chaos
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KNDS on Track For Initial Public Offering as Sales Surge
KNDS NV said it’s pushing ahead with plans to go public as the Franco-German tank maker seeks to capitalize on surging demand that drove earnings and sales last year.
What happens if your bank account is frozen right before payday?
MoneyWatch: Managing Your Money What happens if your bank account is frozen right before payday? 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 writ...
This startup is betting India’s gig economy can train the world’s robots
Human Archive, a startup founded by Berkeley and Stanford researchers, is paying gig workers in India to wear camera-equipped caps and sensor devices to collect the real-world physical training data that AI and robotics labs are racing to acquire.
Ed Miliband's Net Zero blitz driving investment of 'Britain's greatest industrial asset' abroad
The North Sea is one of Britain's “greatest industrial assets” — but an increasingly polarised fight over its future is driving investment abroad, experts have warned. It means the sector is suffering a brain drain of expertise, even though the very same skills are needed to drive the renewables market, as Labour pledges to ban any new licences for oil and gas drilling to alleviate "the worsening climate crisis”.Research revealed more than nine in ten companies believe the North Sea has a viable...
Bloomberg Surveillance 5/26/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Rocket, Satellite Stocks Surge as SpaceX IPO Fuels Euphoria
Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified after Elon Musk’s SpaceX filed for a public offering last week.
Why Trump's Push For Muslim Nations To Join Abraham Accords Is Unrealistic
Trump's surprise demand on Monday came at the height of the latest negotiations with Tehran and hours before an American strike on southern Iran piled pressure on a fragile ceasefire.
We all face higher bills for mounting household energy debt
There is alarm over growing household energy debts as we learn the price cap is going up 13% this summer, with the potential for further hikes ahead.
Petrol pain: How fuel price hike complicates RBI’s inflation fight
Almost three months after the start of the US-Iran war, the economic fallout from the Middle East is beginning to hit home. Finance Minister Nirmala Sitharaman has expressed concern on 3Fs: fuel, fertilisers and forex.
Planning to start your own business? Consider these key tips.
Sponsored MoneyWatch Planning to start your own business? Consider these key tips before taking the leap. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham May 26, 2026 / 11:13 AM EDT / CBS News Add CB...
Micron Joins The Trillion-Dollar Club After Surging 18% Tuesday
BreakingBusinessMicron Joins The Trillion-Dollar Club After Surging 18% TuesdayByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 26, 2026, 11:12am EDTMay 26, 2026, 11:14am EDTToplineChipmaker Micron Technology hit a $1 trillion market value for the first time Tuesday after shares jumped 18%, topping $890, fueled by a Wall Street upgrade signaling that memory chips are one of the most important parts of building AI along with processing chips made by the likes of Nvidia. The Micro...
How much does it cost to run a fan all day and is air conditioning really expensive?
How much does it cost to run a fan all day and is air conditioning really expensive?See more This is Money on Google - save us as a Preferred SourceBy JANE DENTON, MONEY REPORTER Updated: 16:12, 26 May 2026 e-mail 163 View comments
Methanol, pistachios and cement: the other Iranian exports being choked by the war
The war between Iran, the US and Israel has escalated into a major global crisis, with consequences that are reaching far beyond the Middle East. The closure of the Strait of Hormuz, through which around 25% of the world’s oil ordinarily passes, has rattled global energy markets. This has only been worsened by the US naval blockade of Iranian ports, which was imposed on April 13 in an attempt to restrict Iran’s ability to export its oil. In early May, the US Defense Department estimated that Ir...
Rein in fossil fuel tax concessions, Labor MP says after BHP revelations
Jerome Laxale breaks ranks to publicly back reforms that would also wind back the diesel fuel rebateFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Labor MP Jerome Laxale says it’s “reasonable to expect more” from mining giants, breaking ranks to publicly back changes to the generous tax concessions blamed for holding back decarbonisation after revelations BHP delayed major projects to cut emissions.Labor’s grassroots environme...