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Warsh Most Hawkish Fed Nominee in 20 Yrs.: Desai
Sonal Desai, CIO of Franklin Templeton Fixed Income, joins Scarlet Fu on "Bloomberg Real Yield." Kevin Warsh, who has promised the biggest shakeup in decades at the US central bank, was sworn into office Friday in a White House ceremony as the 17th chair of the Fed. (Source: Bloomberg)
Govt reduces petrol by Rs6 per litre, high-speed diesel by Rs6.8
The government reduced the price of petrol by Rs6 per litre and that of high-speed diesel (HSD) by Rs6.8 on Friday. Following the decrease, the price of petrol stands at Rs403.78 per litre and HSD’s at Rs402.78. The Petroleum Division’s press release notifying the decrease said the new prices would be effective from May 23. Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-speed...
Starbucks Drops AI As Meta And Intuit Cut 11,000 Jobs
InnovationAIStarbucks Drops AI As Meta And Intuit Cut 11,000 JobsBySandy Carter,Contributor.Forbes contributors publish independent expert analyses and insights. Sandy Carter, COO at Unstoppable, Top 10 Microsoft MSN AI EntrepreneurFollow AuthorMay 22, 2026, 03:03pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Mega tech companies are firing humans, while others like Starbucks are actually firing their AI systems! (Photo...
H-1B Visa Applications Drop 38%. Trump Administration Says Days Of Abuse Over
Data released by the US Citizenship and Immigration Services (USCIS) showed that properly submitted H-1B registrations fell by 38.5 per cent compared to last year, from 343,981 in fiscal year 2026 to 211,600 for fiscal year 2027.
Amazon Memorial Day Sale: 51+ deals up to 69% off
SelectThe 51+ best Amazon Memorial Day deals: Save up to 69% on Casper, Ninja, EltaMD and moreSome staff-tested staples are deeply discounted right now.May 22, 2026, 3:00 PM EDTHarry RabinowitzTech ReporterSkip to table of contentsYou don’t have to be an Amazon Prime member to shop the retailer’s Memorial Day sale. Vivian Le / NBCMemorial Day 2026 is almost here, and Amazon has some of the best deals of the holiday weekend. If you’ve been eyeing a new mattress, home appliances or other big ticke...
How much emergency savings should you keep while paying off debt
Sponsored MoneyWatch: Managing Your Money How much emergency savings should you keep while paying off debt? 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, whe...
Cale Makar, Tracy Evans net worth 2026: Earnings, lifestyle and investments
The 2026 NHL buzz is also coming from Cale Makar and Tracy Evans, whose wealth, endorsements and profile are on the rise. The Colorado Avalanche star and his wife are still a hot topic in hockey after they tied the knot in 2024. That’s a lot of pressure on the couple’s estimated net worth. Makar’s net worth from his NHL salary, endorsement deals and future contract value has all reached the $13.5 million mark a year.
Kevin Warsh sworn in as new Federal Reserve chair, Trump insists he'll remain independent
Kevin Warsh was sworn in as the new Federal Reserve chair on Friday, replacing Jerome Powell. During the ceremony, President Trump insisted Warsh will remain independent as he navigates inflation and other U.S. economic concerns. CBS News' Ed O'Keefe and Emily Pandise report.
Mahmoud Khalil’s attorneys to turn to US supreme court after ruling paves way for deportation
Move comes after federal appeals court upholds ruling that opens door for government to detain and deport KhalilAttorneys for Mahmoud Khalil, the former Columbia University student who last year became the face of the Trump administration’s crackdown on pro-Palestine speech, will ask the US supreme court to intervene after a federal appeals court opened the door for the government to once again detain and ultimately deport him.On Friday, the third circuit court of appeals upheld a January ruling...
Kevin Warsh Sworn In As Fed Chair | Real Yield 5/22/2026
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Societe Generale Americas Head of Research Subadra Rajappa, Franklin Templeton Fixed Income CIO Sonal Desai, Capital Group Fixed Income Asset Class Lead Margaret Steinbach, and Baird Funds Co-Chief Investment Officer Warren Pierson. (Source: Bloomberg)
CEO of British bank is forced to apologise after coldly vowing to replace 'lower-value human capital' with AI
CEO of British bank is forced to apologise after coldly vowing to replace 'lower-value human capital' with AISee more Daily Mail on Google - save us as a Preferred SourceBy SABRINA PENTY, FOREIGN NEWS REPORTER and SARA MCGIFF, US REAL ESTATE & CONSUMER REPORTER Published: 19:07, 22 May 2026 | Updated: 19:07, 22 May 2026 e-mail View comments
Goldman Sachs CEO Says Fears Of Mass Unemployment From AI Are ‘Overblown’
BreakingBusinessGoldman Sachs CEO Says Fears Of Mass Unemployment From AI Are ‘Overblown’ByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorMay 22, 2026, 02:07pm EDTToplineGoldman Sachs chief David Solomon believes concerns about advancements in artificial intelligence sparking a wave of mass unemployment are “overblown,” writing in a New York Times guest essay that the U.S. will be able to adapt and expand its workforce to AI advancement...
Zoom Jumps on Sales Forecast Topping Estimates
Shares of Zoom jumped after the company raised its full-year forecast for both adjusted earnings and revenue, prompting an upgrade at KeyBanc and higher price targets at both RBC and Baird. Zoom CFO Michelle Chang joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Kevin Warsh Sworn in as New Federal Reserve Chair
Kevin Warsh was sworn in as the 17th chair of the federal reserve in a ceremony at the White House Friday. Speaking after taking his oath, Warsh called it the 'honor of a lifetime' to re-enter public service and promised that he will lead a 'reform-oriented' Fed. Despite fears around Fed independence, President Trump told Warsh to 'just do your own thing and do a great job.' (Source: Bloomberg)
How much interest can a $40,000 short-term CD earn now (and is it worth opening)?
MoneyWatch: Managing Your Money How much interest can a $40,000 short-term CD earn now (and is it worth opening)? 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 editor for the Managing Your Money section...
'I have fired hundreds of employees': ClickUp CEO Zeb Evans says in memo
ClickUp CEO Zeb Evans announced a 22% workforce reduction, framing it as a proactive restructuring for a "100x org" driven by AI. The company is introducing $1 million salary bands for employees who significantly impact AI systems, emphasizing a shift towards rewarding outsized contributions rather than cost-cutting.
Stocks Eye Longest Weekly Run Since 2023 | Open Interest 5/22/2026
Get a jump start on the US trading day with Matt Miller on "Bloomberg Open Interest." Stocks ride AI optimism toward their longest winning streak since 2023, while hopes for a US and Iran peace deal lift markets. SpaceX delays a key Starship test after filing for a record IPO. Plus, Christopher Waller’s inflation warning, Axon’s AI push, the future of fintech, retail’s K-shaped economy, and Chrysler’s affordability pivot. (Source: Bloomberg)
Puig Falls After Estee Lauder Deal Fails
Puig Brands plunged on Friday following the collapse of a proposed combination with Estee Lauder Cos. that would have created one of the world’s largest fragrance and skincare companies. Deborah Aitken, Bloomberg Intelligence Luxury Goods Analyst discussed the merger with Scarlet Fu and Isabelle Lee. (Source: Bloomberg)
UK pitched single market for goods with EU, as it pursues deeper trade ties
Exclusive: Top official presented idea in Brussels, but sources say EU rebuffed itThe UK government pitched the creation of a single market for goods with the EU as the cornerstone of an ambitious attempt to reintegrate British trade back into Europe, the Guardian can reveal.During recent visits to Brussels, the Cabinet Office’s top official on EU relations, Michael Ellam, presented the idea to deepen the UK’s economic relationship with the bloc. Continue reading...
The best Memorial Day sales you can shop this weekend
Memorial Day is nearly here, meaning the seasonal sales are in full swing. If your weekend plans involve pool parties or barbecues, now is a great time to pick up a portable speaker or set of solar lights, as many of our favorite models are currently on sale. You can also find deals on everything from 4K OLED TVs and noise-canceling earbuds to tents, robot vacuums, and plenty of our favorite everyday essentials. To give you more options, we’ve also included a selection of deals from re...