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We're sitting on a goldmine! North Sea oil hits record high. So WHY won't Red Ed drop his Net Zero madness and back new drilling to give Britain a boost?
The jump in prices caused by the Iran conflict means the UK is sitting on increasingly valuable resources, but can't cash in on them unless the Energy Secretary stops his attacks on fossil-fuel firms.
Wall Street Week | Iran Oil Fallout
This week, Richard Haass of Centerview Partners on what to expect out of US-Iran peace talks. Plus, why Gulf states are begging Trump not to end the Iran war early and how the conflict could hit consumers, from gas prices to interest rates. And, former Canadian Finance Minister Chrystia Freeland warns of stagflation, a food crisis, and the growing strain on the US-led global order as finance leaders gather in Washington at the annual World Bank-IMF meetings. Later, how China quietly built a mon...
Tiger Global Backs PopUp Bagels at $300 Million Valuation
Tiger Global has agreed to invest in PopUp Bagels at a $300 million valuation, according to people familiar with the matter — roughly five times what the startup was quoted at as recently as five months ago.
JD Vance says he believes U.S.-Iran talks will be "positive" as he heads to Pakistan
President Trump expressed confidence on Friday as senior members of his administration prepared for in-person peace talks with Iran. Vice President JD Vance said he believed the negotiations will be "positive" before boarding his flight to Pakistan. CBS News political reporter Zak Hudak reports.
Rachel Reeves is warned fuel tax raid will push thousands of businesses 'to the brink', ramp up food costs for households and stoke inflation
Rachel Reeves is warned fuel tax raid will push thousands of businesses 'to the brink', ramp up food costs for households and stoke inflationGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By DAVID CHURCHILL Published: 22:44, 10 April 2026 | Updated: 23:32, 10 April 2026 e-mail 198 View comments
Fed Seeks Details on US Banks’ Exposure to Private Credit Firms
The Federal Reserve is asking major US banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry, according to people with knowledge of the matter.
'Forest city' eco-plan for 400,000 new homes in East Anglia is branded 'dystopian, state-subsidised concrete sprawl'
'Forest city' eco-plan for 400,000 new homes in East Anglia is branded 'dystopian, state-subsidised concrete sprawl'Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREEBy NOOR QURASHI, NEWS REPORTER Published: 10:06, 10 April 2026 | Updated: 23:26, 10 April 2026 e-mail 331 View comments
What's behind the higher annual inflation rate in March?
The latest inflation numbers are out, and they show prices jumped last month, due to the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
Wall Street Bracing for US-Iran Talks | The Close 4/10/2026
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Federated Hermes’ RJ Gallo, Barclays’ Jon Hill, Goldman Sachs’ Alex Blostein, Fmr. Nato Supreme Allied Commander Gen. Wesley Clark (Ret.), Gabelli Funds’ Macrae Sykes, Envestnet’s Dana D’Auria, 22V Research’s Kim Wallace, Carbone Fine Food Co-Founder Mario Carbone, Magnolia Bakery CEO Nathan Louer, & Former Super Bowl Champi...
How Shipping Insurance Really Works During a War | Odd Lots
When the conflict with Iran started, some of the first headlines we saw had to do with shipping insurance. Marine insurers were said to be cancelling war risk coverage for vessels going through the Strait of Hormuz. Premiums were said to surge. Meanwhile, the Trump administration announced it would offer its own insurance for ships traversing the Gulf, in an effort to get things moving again. So why is insurance such a crucial part of maritime trade? And how does the system actually work? In thi...
Trump’s tariff powers tested again as judges question ‘deficit’ justification
US President Donald Trump’s tariffs returned to court on Friday, as a three-judge Court of International Trade panel in New York sharply questioned both sides while weighing the legality of a new set of tariffs he imposed in February, shortly after a Supreme Court ruling declared most of his sweeping levies unlawful. While the judges offered few clues on how they might rule on the Section 122 tariffs, the court has previously rejected business challenges seeking to invalidate Section 301 tariffs...
The debate over what's considered middle class in the U.S.
A recent article about a family of three making $500,000 in New York City has sparked a debate over what's considered middle class in the U.S. CBS News contributor Roland Fryer reacts to the article and explains how the middle class has changed.
Krugman on Hassett economic growth projections: ‘We haven’t had that in generations’
Nobel Prize-winning economist Paul Krugman on Thursday slammed National Economic Council Director Kevin Hassett’s statement that President Trump’s policies will create a golden age and cause the economy to grow by 4 percent to 5 percent this year. Hassett, Trump’s top economic adviser, made the statement on Thursday during an interview on Fox Business’s “Mornings…
Greens win seat from Reform UK in Farage's 'flagship' council after by-election sparked because incumbent was jailed
Greens win seat from Reform UK in Farage's 'flagship' council after by-election sparked because incumbent was jailedBy CHRISTIAN CALGIE Published: 22:24, 10 April 2026 | Updated: 22:25, 10 April 2026 e-mail 26 shares
Akhannouch Says Morocco on Track to Create Over 1 Million Jobs by End of 2026
Rabat – Morocco is on track to create more than one million jobs by the end of 2026, Head of Government Aziz Akhannouch said on Friday as he chaired a meeting to review progress in the country’s employment strategy. The announcement comes as part of a broader assessment of the government’s employment roadmap, which officials said has already delivered positive indicators in the labor market. According to data presented during the meeting, Morocco’s economy created 850,000 jobs in non-agric...
Prof. Schlevogt’s Compass No. 52: High time to say comeback – Why MNCs belong back in Russia
By returning to Russia now, foreign companies can regain lost ground ahead of competitors – time for Truth and Reconciliation 2.0 There is a time for goodbye – and a time for reunion. When foreign companies beat a hasty retreat from Russia in 2022 amid the Ukraine conflict, they framed their departures as a moral necessity. In truth, for many, it was a costly act of panic: abrupt, politically driven, and strateg...
Magnolia CEO: Aiming for Healthy Traffic in US Expansion
Magnolia Bakery CEO Nathan Louer discusses US franchise expansion, remaining an ‘attainable luxury,’ and why driving traffic is the key to the company’s long term strategy. He talks with Katie Greifeld and Bailey Lipschultz on “The Close.” (Source: Bloomberg)
Almost 6 in 10 still say taxes too high: Gallup
A new poll found that most Americans say they pay too much in taxes, a metric that has remained high for the fifth year in a row. Gallup’s poll released Friday shows that nearly 6 in 10 Americans, or 59 percent, said their taxes are too high. A slightly smaller portion at 37 percent said…
San Francisco man arrested after allegedly hurling Molotov cocktail at OpenAI boss Sam Altman's mansion
San Francisco man arrested after allegedly hurling Molotov cocktail at OpenAI boss Sam Altman's mansionSign up for our US Editor's Picks newsletter to get all the best exclusive storiesBy WILKO MARTÍNEZ-CACHERO, US REPORTER Published: 21:52, 10 April 2026 | Updated: 22:03, 10 April 2026 e-mail 37 View comments
Trump tariff refund tool will go live on April 20, US Customs says
Importers seeking tariff refunds will be able to begin filing their requests on April 20, US Customs and Border Protection said on Friday. In the first phase, the CBP’s Consolidated Administration and Processing of Entries tool, called CAPE, will process paperwork for certain straightforward and recent import entries – leaving more complex refund scenarios for later. The move comes as the administration looks to comply with the February ruling by the US Supreme Court that threw out duties that.....