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San Francisco’s housing market has lost its mind
The invisible force behind all of this is no mystery to anyone paying attention to the city's tech economy. San Francisco is home to some of the most valuable private companies in the world, and their employees have been quietly accumulating — and, increasingly, cashing out — fortunes.
Pakistan to Receive $1.32 Billion as IMF Board Approves Tranches
Pakistan will receive about $1.32 billion after the International Monetary Fund Board approved loan tranches under existing facilities, boosting the country’s ability to shield its economy from increased global risks.
Trump Media, Parent of Truth Social, Reports Q1 Sales of $871,000 and $405.9 Million Net Loss
Trump Media and Technology Group, operator of the social media platform Truth Social, reported a massive net loss for the first three months of 2026 and less than $1 million in total sales. For the first quarter, TMTG generated net sales of $871,200, up 6% year over year. The company reported a $405.9 million net […]
Lottery Luck Or Not, Indiana Pacers Have Roster Needs To Address
BusinessSportsMoneyLottery Luck Or Not, Indiana Pacers Have Roster Needs To AddressByTony East,Contributor.Forbes contributors publish independent expert analyses and insights. Tony East is an Indiana-based writer who covers the Pacers and Fever.Follow AuthorMay 08, 2026, 05:53pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.SACRAMENTO, CALIFORNIA - MARCH 10: Jarace Walker #5 of the Indiana Pacers fouls DeMar DeRozan #10...
Fed unlikely to cut interest rates until 2027, Bank of America says
MoneyWatch Fed unlikely to cut interest rates until second half of 2027, Bank of America says .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 8, 2026 / 5:47 PM EDT / CBS News Add CBS News on Goog...
Amazon launches price war against Tesco, Sainsbury's and Asda with over 4,300 grocery discounts
Amazon has launched a fresh supermarket price battle after cutting the cost of more than 4,300 grocery products across its Amazon Fresh range.The online retail giant has reduced prices by an average of 16 per cent across roughly 45 per cent of its grocery selection as it steps up competition with Britain’s biggest supermarkets.It places additional pressure on Tesco, Asda, Morrisons and Sainsbury’s as retailers continue battling for market share during a period of stubbornly high household costs....
Winning the Degenerate Economy: Masters in Business with Howard Lindzon
Barry speaks with Howard Lindzon, co-founder and CEO of StockTwits, and founder and managing partner at Social Leverage. They discuss his outlook for venture capital investing including what he sees as potentially profitable from human behavior. (Source: Bloomberg)
BlackRock Readies Launch of Two Tokenized Money-Market Funds
BlackRock Inc. is planning to launch two money-market funds built for investors who hold their cash in stablecoins, not bank accounts, a sign the world’s largest asset manager sees a durable customer base in the digital-dollar economy.
Colombia Gives Priority to TGI’s LNG Project as Gas Dwindles
Transportadora de Gas Internacional’s planned liquefied natural gas import terminal in Colombia moved closer to execution after the government added it to a list of infrastructure priorities designed to address a growing shortfall in domestic gas supply.
Stocks Hit Record High on Jobs as Chipmakers Surge
Signs of labor-market strength drove stocks to all-time highs, bolstering speculation that the world’s largest economy remains resilient in the face of an energy shock triggered by the Iran war. Bets that solid growth will keep powering earnings sent the S&P 500 to its sixth straight weekly advance. A revival of the artificial-intelligence trade fueled an 11% jump in a gauge of chipmakers since last Friday. Oil notched a slide for the week. The US and Iran are working with mediators to formulat...
British glass industry warns 120,000 jobs at risk over Ed Miliband's Net Zero levies
Britain’s glass manufacturing industry has warned that around 120,000 jobs across its supply chain could be placed at risk as foreign investors reportedly hold back billions of pounds in planned spending.Trade body British Glass said the Government’s extended producer responsibility levy is driving investment overseas at a critical moment for the sector.The organisation warned the policy risks undermining domestic manufacturing while increasing reliance on cheaper imports from abroad.Nick Kirk,...
Fed Calls Risks Tied to Private Credit Redemptions ‘Manageable’
The Federal Reserve said stability risks from further private credit redemption requests appear “limited and manageable,” after some of the biggest names in the market blocked investors from getting money out of their funds in recent months.
Boston Fed President on FOMC Dissent and Kevin Warsh’s Nomination
On the Big Take podcast, host David Gura and Bloomberg’s Maria Eloisa Capurro discuss her interview with Boston Fed President Susan Collins. They explore inflation, the economic fallout of the conflict in Iran and how the US central bank might evolve under Kevin Warsh’s leadership. (Source: Bloomberg)
California becomes first state to provide a month of free diapers to all newborns
Parents will soon receive hundreds of free diapers before leaving the hospital under a new program aimed at alleviating expensesCalifornia families welcoming newborns will soon receive hundreds of free diapers before leaving the hospital under a first-in-the-country program announced Friday by the state’s governor, Gavin Newsom.During the program’s first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients,...
Whole Foods sparks outrage over 'constant' army of delivery trucks
Residents of a tranquil Chelsea street claim their neighbourhood has been transformed into an industrial zone following the arrival of a Whole Foods flagship store.The upmarket supermarket opened its doors on the King's Road in March 2025, but those living on Elystan Place, the quiet lane behind the shop where deliveries are made, say life has become intolerable.One woman residing in a flat directly above the delivery route told the Daily Mail: "I feel like we've all been taken for fools. This i...
Blue Owl BDC Won Big New Investment by University of California
A $200 billion investment fund for the University of California system added almost 30 million shares of Blue Owl Technology Finance Corp. in the first quarter, in a sign of institutions seizing upon volatility in the private credit market.
What the Trump administration's latest tariff blow means for businesses
MoneyWatch What the Trump administration's latest tariff blow means for businesses .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 8, 2026 /...
Govt hikes petrol by Rs14.92 per litre, diesel by Rs15
The government raised the price of petrol by Rs14.92 per litre and that of high-speed diesel (HSD) by Rs15 on Friday. Following the increase, the price of petrol stands at Rs414.78 per litre and HSD’s at Rs414.58. The Petroleum Division’s press release notifying the increase said the new prices would be effective from May 9. 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-spee...
Private Credit Going Through 'Growing Pains': Aronov
Oksana Aronov, head of market strategy for alternative fixed income at JPMorgan Asset Management, joins Bloomberg's Caroline Hyde, Emily Graffeo, and Davide Scigliuzzo on "Bloomberg Real Yield." (Source: Bloomberg)
Libya’s largest oil refinery halts operations during fighting
Zawiya refinery shut down in 'precautionary measure' as emergency declared following explosions and gunfire nearby.