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AI-Fueled Rally Puts S&P 500 on Track for Eighth Weekly Gain
US equity futures rose as investors struck an upbeat tone ahead of a long holiday weekend, with optimism fueled by hopes for resolution of hostilities in the Middle East, resilient economic data and relentless enthusiasm for artificial intelligence-linked trades.
Kevin Warsh to Be Sworn In as Fed Chair Today
Kevin Warsh is set to be sworn into office as the 17th chair of the Federal Reserve, taking over at a tense moment for the economy and the central bank. Krishna Guha, Evercore ISI vice chair and head of central bank strategy, talks about how Warsh will manage monetary policy. (Source: Bloomberg)
Musk’s Latest Venture Gives Space Stocks Their Own Tesla Surge
With the highly-anticipated debut of SpaceX on the US stock market around the corner, euphoria for Elon Musk’s rocket venture is drawing comparisons to Tesla Inc.’s effect on electric-vehicle stocks.
Kayne Anderson Raises $5 Billion for Latest Real Estate Fund
Kayne Anderson Capital Advisors’ real estate arm has raised $5.12 billion for its largest-ever opportunistic fund, blowing past its original target of $3 billion amid booming demand for healthcare and consumer-related services.
Deutsche, JPMorgan See Weaker Canadian Dollar as Inflation Cools
Deutsche Bank and JPMorgan are piling up on wagers that the Canadian dollar will continue to fall in 2026 as the country’s tame inflation readings fuel a rethink of the Bank of Canada’s interest-rate hike outlook.
Mercuria Gets October UK Trial in Multibillion Dollar Hormuz Spat
Commodity trader Mercuria Energy Group Ltd. was granted an early trial over an alleged distortion to the world’s benchmark oil tanker rate that it argues is costing the company hundreds of millions of dollars.
Pets at Home hoping for boost under new boss despite consumer pressure
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Man pays ‘zero tax’ on Rs 5 crore land sale despite filing ITR late; why ITAT gave tax exemption
Mumbai ITAT grants capital gains tax relief to a taxpayer who filed his Income Tax Return late. The tribunal ruled that reinvesting gains into a new property before a belated return fulfills Section 54 requirements, even without depositing funds in the Capital Gains Account Scheme.
Inditex Celebrates 25th Anniversary of IPO
Customers are increasingly demanding 'experiential' retail interactions when it comes to buying clothes, whether that be online or in-store says Óscar García Maceiras, CEO of retail conglomerate and Zara owner Inditex. In an exclusive interview, he discussed 25 years of Inditex being a publicly traded company, the value of being a family-owned company, the use of AI in retail, and the importance of diversification both geographically and across product lines. He spoke on "The Pulse with Fran...
Bellwether Industrial Metal Copper Is Trading Like an AI Stock
Copper, famed for tracking shifts in the global industrial economy, is trading like a high-flying tech stock as investors bet that skyrocketing power use for artificial intelligence will fuel a surge in demand.
US Stocks Eye Longest Stretch of Weekly Gains Since 2023 | Bloomberg Brief 5/22/2026
The Pentagon weighs scrapping a conditional loan offer to rare-earths refiner ReElement Technologies amid an agreement that was meant to help break China's dominance on critical minerals. Shares of Spanish retail group Puig Brands drag as merger talks with Estee Lauder falls through. Priya Misra of JPMorgan Asset Management discussed the economic implications of a prolonged conflict in the Middle East. (Source: Bloomberg)
Opinion: Opinion | India's Oil Reserves: How Long Can They Last As Iran War Continues?
From a future energy security perspective, India will have to significantly enhance its SPR capacities from 17 days to a minimum of 45 days on land, with the possibility of another 10-15 days of SPR on sea on tankers.
Investec Eyes EU Bounty
Investec has applied for Ireland banking license as it seeks to boost its presence in Europe, and tap one of the world’s largest financial systems. Group CEO Fani Titi spoke to Bloomberg's Jennifer Zabasajja from London. (Source: Bloomberg)
Samsung’s memory chip employees negotiated $340,000 bonuses this year
48,000 Samsung workers had threatened to strike unless bonus caps were lifted. | Photo: Jung Yeon-je / AFP via Getty Images Details have emerged about a tentative deal struck between Samsung and semiconductor employees who had threatened to strike. The deal reportedly makes some workers eligible for average annual bonuses of $340,000. The proposed 18-day strike had hinged on Samsung's bonus cap for employees in the semiconductor division, and followed a substantial rise in the possible b...
Blue Jays’ Injury Mistake Costs The Team A $24 Million Season
BusinessSportsMoneyBlue Jays’ Injury Mistake Costs The Team A $24 Million SeasonByPeter Chawaga,Contributor.Forbes contributors publish independent expert analyses and insights. Peter Chawaga is a writer and editor covering Major League Baseball.Follow AuthorMay 22, 2026, 07:00am EDTTORONTO, ON - March 26 Ross Atkins is the EVP of baseball operation and GM and is seen speaking to the media.The Toronto Blue Jays held their media day at the Rogers Centre in MLB baseball action ahead of their home...
AI layoffs may be backfiring on companies
A lot of workers have had the same uneasy thought lately: "Is AI coming for my job?" It is a fair question. Companies keep talking about automation, AI agents and lower costs. Some workers hear that and wonder whether their next performance review will come with a chatbot-shaped shadow in the room.However, a new Gartner study suggests the story may be more complicated. Many companies are cutting jobs while adopting AI, but those cuts are not clearly producing better returns. Gartner says about 8...
Sprake: Markets Holding its Breath on Iran Shock
Asian stocks advanced on optimism the US-Iran talks could lead to a peace deal. Casey Sprake, Market Strategist at AG Capital spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa on the market reaction to a potential deal. (Source: Bloomberg)
Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts
Bill Winters faced backlash over remarks about some of near 80,000 staff set to lose roles to AIThe chief executive of Standard Chartered has apologised for referring to some of the almost 8,000 staff that are set to lose their jobs to artificial intelligence as “lower-value human capital”.Bill Winters offered the apology after a backlash over comments he made earlier this week as the London-headquartered lender became one of the first major global banks to lay out plans to cut about 7,800 back-...
New Report Reveals That Podcasting Now Grosses $9.2 Billion In Global Revenue
BusinessMediaNew Report Reveals That Podcasting Now Grosses $9.2 Billion In Global RevenueByFrank Racioppi,Contributor.Forbes contributors publish independent expert analyses and insights. Frank Racioppi is the owner of Ear Worthy, focusing on podcasts.Follow AuthorMay 22, 2026, 06:49am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Hernan Lopez, founder of Owl & Co, a management consulting firm servicing media, tech, and...
Why thousands of stock trades tied to Trump are raising eyebrows
The BBC's Michelle Fleury looks at trades disclosed by the president.