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Oil Prices Are Moving Like Crazy, Citi's Layton Says
Max Layton, Citigroup Inc.'s global head of commodities research, says oil prices will keep "moving around like crazy" as traders parse the conflicting signals coming out of Washington about if the Iran war is coming to an end. He speaks on Bloomberg Television's Surveillance. (Source: Bloomberg)
Shell oil profits hit £5billion as critics claims 'energy firms cashing in on Iran war while families struggle'
Shell has posted first-quarter underlying earnings of $6.92billion (£5.09billion), beating analyst forecasts as soaring crude prices linked to the Iran conflict boosted the energy giant’s trading operations.The Ftse 100 company reported profits nearly $1billion above market expectations of $6.36billion, marking a 24 per cent increase compared with the same period last year.Higher crude prices triggered by the conflict in the Middle East proved the main driver behind the stronger-than-expected pe...
What's the minimum you're required to withdraw on a $1 million retirement account?
MoneyWatch: Managing Your Money What's the minimum you're required to withdraw on a $1 million retirement account? 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.c...
Citigroup’s Profitability Target Falls Short of Expectations
Citigroup issued new guidance showing it would take the lender more time to catch up to Wall Street peers than some investors hoped for. Sridhar Natarajan reports on Bloomberg Television. (Source: Bloomberg)
Private Equity Faces Profit Timing Gap
Bloomberg's Allison McNeely discusses Carlyle Group's recent earnings miss, highlighting a roughly 1% stock decline despite strong asset sales and realizations. McNeely notes similar commentary from KKR executives, who also reported earnings and indicated improving asset sale pipelines. Additionally, BlackRock has continued to mark down legacy private debt funds, such as TCP, signaling potential for further markdowns in the private credit space. She speaks on "Bloomberg Open Interest." (Source:...
Kushner-Backed Israeli Firm Moves to Defend Its Brightline Bonds
An Israel-based firm has amassed a sizable stake in the corporate bonds of Florida’s Brightline rail project and is gearing up for workout talks, as the cash-strapped venture struggles under its debt pile.
Moscow ready to consider oil, LNG supplies to Bangladesh — ambassador
Alexander Khozin said the issue of supplying Russian energy resources to the South Asian republic was raised during meetings with Bangladeshi officials
Millions of Aussies in one state to get up to $700 in a cash handout from the government
Millions of Aussies in one state to get up to $700 in a cash handout from the governmentWA's budget will include new paymentsREAD MORE: Urgent call for Albanese government to raise JobSeeker paymentsBy ASHLEY NICKEL, NEWS REPORTER, AUSTRALIA Published: 15:16, 7 May 2026 | Updated: 15:16, 7 May 2026 e-mail View comments
Billionaire, 70, settles bitter yearslong divorce with ex-wife after shacking up with new fiancée who's almost half his age
Billionaire, 70, settles bitter yearslong divorce with ex-wife after shacking up with new fiancée who's almost half his ageSign up for our US Editor's Picks newsletter to get all the best exclusive stories By KELLY GARINO, US REPORTER Published: 15:11, 7 May 2026 | Updated: 15:11, 7 May 2026 e-mail View comments
PE Firm Hg Marks Down Fund Value by 9% After Software’s Plunge
Private equity firm Hg marked down the portfolio value of one of its funds by 9% in the first quarter after software valuations fell to a 20-year low, highlighting concerns that artificial intelligence will deal a huge blow to the industry.
What are today's mortgage interest rates: May 7, 2026?
MoneyWatch: Managing Your Money What are today's mortgage interest rates: May 7, 2026? 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 for CBSNews.com. He writes...
Mother of 4 released by ICE speaks out: "No one is safe"
Meenu Batra, a certified court interpreter for more than 20 years, is speaking out after spending more than six weeks in ICE custody. CBS News
The Takeaways From McDonald's, Shake Shack and Whirlpool Earnings
Bloomberg's Redd Brown discusses the recent earnings reports from McDonald's, Shake Shack and Whirlpool. McDonald's reported solid earnings but noted a meaningful decline in consumer sentiment in the second quarter. Shake Shack faced weaker earnings as it absorbed higher costs without passing them fully to customers. Whirlpool also reported concerns, citing a recession-level decline in consumer sentiment that is beginning to affect big-ticket purchases like appliances. (Source: Bloomberg)
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Citi Sees Oil ‘Moving Around Like Crazy’ in Hope-and-Fear Dance
Oil prices will continue to fluctuate wildly until it’s clear whether Iran and President Donald Trump will strike an agreement to end the war, according to Citigroup Inc.’s global head of commodities research.
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Brent crude oil falls by more than 5%
As of 15:49 Moscow time, Brent was down 5.17% at $96.03 per barrel
California farmers to destroy 420,000 peach trees after Del Monte collapses
NewsWorldAmericasCalifornia farmers to destroy 420,000 peach trees after Del Monte collapsesOfficials said cutting about 50,000 tons of peaches from production could prevent about $30 million in additional losses for farmersErin Keller In Ohio Thursday 07 May 2026 14:19 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"sh...
Germany Sees €52 Billion Tax Hole as Iran War Hits Economy
Germany expects federal tax revenue to plummet by more than €50 billion ($58.9 billion) through 2030 compared to estimates in October as the government laid the blame with US President Donald Trump’s war in Iran.
AirAsia orders 150 Airbus A220 jets in landmark aircraft deal
Dubai: Malaysia’s AirAsia has placed a landmark order for 150 Airbus A220-300 aircraft, marking the largest single firm order ever placed for the A220 programme.Sign up for our daily business newsletter, Cheques & Balances.The agreement also pushes the Airbus A220 programme beyond the 1,000 firm order milestone, Airbus said in a statement. The deal was announced during a ceremony at Airbus’ facility in Mirabel attended by Tan Sri Tony Fernandes and Lars Wagner. The event was also attended by Mar...