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Coinbase to lay off 14% employees, CEO says future will be built around AI
Coinbase to lay off employees CEO says future will be built around AI
How Spirit Airlines' shutdown is impacting airports across the U.S.
The country's four biggest airlines have rebooked about 94,000 Spirit customers since the airline ceased operations on Saturday, according to the Department of Transportation. The closure is leaving some airports without daily air service. Kris Van Cleave reports.
Surging gas prices due to war with Iran could impact congressional races
Vice President JD Vance is headed to Iowa, where competitive races in at least three congressional districts this fall could impact control of the House. Both parties believe the state is up for grabs because of the economy and rising prices due to the war with Iran.
How India-New Zealand FTA creates new global pathways for Indian talent
The India-New Zealand FTA highlights that the provisions on student mobility, professional pathways, working holiday visa creates an unprecedented opportunity for Indian youth and professionals to gain global exposure.
UAE signs deal to build global defence manufacturing hub in Abu Dhabi
Abu Dhabi: The UAE announced on Monday that it has taken a step towards developing a global defence manufacturing hub through a new partnership with South Korea’s LIG Defence and Aerospace (LIG D&A).Sign up for our daily business newsletter, Cheques & Balances.Tawazun Council for Defence Enablement and LIG D&A said it has signed a memorandum of understanding (MoU) to explore cooperation to build defence and security industry capabilities in the UAE.The agreement focuses on establishing a...
West Asia war: Why private airport operators urged Centre for life support
West Asia war Why private airport operators urged Centre for life support
UK long-term borrowing costs rise to 28-year high
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UAE dominates Forbes rankings with 47 top real estate leaders
Dubai: Forbes Middle East has revealed the third annual list of the region’s Most Impactful Real Estate Leaders, highlighting the developers and decision-makers transforming the region’s skylines and urban landscapes.The ranking was compiled over several months and based on multiple criteria including years of experience, the value of completed and ongoing projects, company financials such as total assets and revenues (where available), and the size of landbanks and number of units held.Get...
Farmers await JD Vance in Iowa as their financial struggles rise
Vice President JD Vance is visiting Iowa amid speculation about a potential 2028 presidential campaign. CBS News
UAE urges private sector to meet Emiratisation target before June 30
Abu Dhabi: The Ministry of Human Resources and Emiratisation has called on private sector companies employing 50 or more workers to step up efforts to meet their semi-annual Emiratisation targets, requiring a 1 per cent increase in skilled roles before the 30 June 2026 deadline.With just under two months (around 56 days) remaining, the ministry stressed the need to accelerate hiring and complete workforce plans aimed at increasing the participation of Emirati talent in the private sector.Get upd...
If you are struggling to make ends meet, NPR wants to hear from you
Economy If you are struggling to make ends meet, NPR wants to hear from you May 5, 20268:42 AM ET By NPR Staff A person waits while filling their fuel tank at a gas station in Portland, Ore. Jenny Kane/AP hide caption toggle caption Jenny Kane/AP American families are under financial pressure. Gasoline prices have hit their highest point in nearly four years. The job market is stagnant. Mortgage rates are climbing. If you're struggling financially, we want to hear from you: What costs are...
Zambia blasts the US over a $2 billion health deal in exchange for critical minerals
NewsWorldAmericasZambia blasts the US over a $2 billion health deal in exchange for critical mineralsZambia accuses the U.S. of linking a $2 billion health assistance deal to access to its rich mineral resourcesFarai Mutsaka & Gerald ImrayTuesday 05 May 2026 13:39 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookm...
What are today's mortgage interest rates: May 5, 2026?
MoneyWatch: Managing Your Money What are today's mortgage interest rates: May 5, 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...
Ethanol gets price protection, maize doesn't: What's going wrong?
Ethanol gets price protection maize doesnt Whats going wrong
Coinbase to lay off 14% of staff as part of broader restructuring
Crypto exchange Coinbase said on Tuesday it is laying off about 700 employees, or 14% of its staff, as part of a broader restructuring aimed at addressing market volatility and increasing the use of AI tools to improve efficiency. The restructuring would see the company flattening its organizational structures to just five layers below the CEO and COO levels, according to an internal email that the company’s CEO Brian Armstrong posted on the company blog.
Maldives’ Biggest Bank Seeks Dollar Sukuk as War Hits Tourism
Bank of Maldives Plc is holding global investor meetings to gauge appetite for what would be its first foray into international capital markets, a transaction that may help buttress the island nation’s key tourism industry against fallout from the Middle East.
Airlines axe millions of seats amid warning jet fuel could fall to 'critically low levels'
Airlines have pulled millions of seats and cancelled thousands of flights as the fallout from the Iran conflict begins to hit global travel. Fears are growing that jet fuel supplies could fall to "critically low levels" as disruption to key oil routes intensifies.Airlines around the world have cut about two million seats and cancelled roughly 12,000 flights from their May schedules in the past two weeks as the conflict with Iran puts pressure on jet fuel supplies.The disruption is linked to the...
Petrol and diesel drivers issued 'ominous' warning as fuel price hikes could be 'all but inevitable'
Petrol and diesel drivers are being warned that fuel prices could rise once again amid ongoing tensions in the Middle East.The latest data from RAC Fuel Watch shows that drivers are paying an average of 157.21p per litre for petrol and 188.26p for diesel.This is a small jump compared to before the bank holiday weekend, with prices rising by 0.21p per litre for unleaded, although diesel has fallen 0.15p.Despite this, diesel drivers are still 32.3 per cent more than they were at the start of the o...
UK government borrowing costs hit highest level since 1998
Concerns about the possible impact of the local elections - along with the Iran war - have triggered a surge in UK government borrowing costs
BBC expert says HMRC 'sending letters' for £2,200 average payout
On BBC Morning Live, personal finance expert said 750,000 people born between 2002 and 2011 could benefit