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Kalshi Adds Index Tracking Republican, Democratic Power Shifts
Kalshi Inc. launched an index that tracks the changing balance of power in US politics, the first product the prediction-market platform has created beyond its popular event contracts.
Chevron CEO Wirth warns oil prices likely to rise as Iran war hits supplies
Blockade in Strait of Hormuz has removed up to 13mn barrels a day from global markets and drawn down ‘shock absorbers’
Pimco Says Junk Debt for Data Centers Diverging Into Two Markets
Pacific Investment Management Co.’s leveraged finance chief urged investors to be cautious with the high-yield debt that finances data centers, where winners and losers are starting to emerge as issuance booms.
Jefferies Sued by Fund Investors Over ‘Massive’ Water Bond Fraud
Jefferies Financial Group Inc. has been hit with an investor class action lawsuit over bond purchases made by its 352 Capital fund in a water vending machine firm that federal prosecutors have called a scam.
UK brewery plunges into administration – in business for 16 years
UK brewery plunges into administration – in business for 16 yearsThe closure is another hit to Britain's hospitality sector. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Laura Zilincanova 19:35, Thu, May 28, 2026 Updated: 19:35, Thu, May 28, 2026 A UK brewery in North London has collapsed into administration (Image: Getty)A UK brewery in north London has collapsed into administration, according to a not...
FBI seizes record-setting $8 billion in cryptocurrency amid intercontinental 'scam compound' crackdown
FIRST ON FOX — The FBI says it has seized a record-setting $8 billion in cryptocurrency and arrested hundreds of suspects as part of an intercontinental crackdown on "scam compounds" and organized crime, including one group known as the "Democratic Karen Benevolent Army."They have been blamed for a global wave of theft from Americans, including as much as $3 million from a single U.S. citizen who fell victim to an online scam. The FBI confiscated more than 127,000 bitcoin during the arrest of on...
Fed's Musalem Says Rate HIke Probability Is Greater-Than-Zero
Federal Reserve Bank of St. Louis President Alberto Musalem says the central bank is missing on the inflation side of its mandate during an interview with Bloomberg's Stephanie Flanders at a central banking conference in Iceland. (Source: Bloomberg)
US government prepares to print $250 note featuring Trump's face
US government prepares to print $250 note featuring Trump's face39 minutes agoShareSaveAdd as preferred on GoogleKwasi Gyamfi AsieduWashingtonGetty ImagesThe Bureau of Engraving and Printing (BEP) develops and produces US currencyUS President Donald Trump's administration is preparing to print a new $250 bill that could feature a portrait of him, if lawmakers allow the move.Federal law bars printing US money with the image of a living person, but Trump allies in Congress have introduced legislat...
FTC Chairman Ferguson Says Agency Probing Fertilizer Industry
The Federal Trade Commission recently launched an antitrust investigation into the rising costs of fertilizer in the US, the agency’s head said at an event in Texas on Thursday.
Treasury pushing plans for $250 bill with Trump's portrait and signature, sources say
Administration officials have pushed to move forward with designing a $250 bill with Donald Trump's portrait and signature, should legislation pass.
Union Pacific, Norfolk Tumble as Regulator Pauses Merger Review
Shares of Union Pacific Corp. and Norfolk Southern Corp. slumped the most in more than a year after a key regulator paused its review of their planned $72 billion merger, potentially delaying what would be the biggest rail deal ever.
What proof do banks require to protect Social Security funds?
MoneyWatch: Managing Your Money What proof do banks require to protect Social Security funds? 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.com, where she writes...
Three Exchange-Traded Funds to Watch
From leveraged bets on obscure semiconductor firms to thematic products targeting nicotine, check out these latest—and in some cases curious—launches.
The Guardian view on energy shocks: winter is coming – and Labour needs a plan | Editorial
Clean power remains essential. But until it arrives, Britain must stop LNG made scarce by the Iran war setting gas and electricity prices The US-Israel war on Iran will drive household energy costs in Britain to their highest level in two years over the summer. This has given fresh impetus to calls for the energy secretary, Ed Miliband, to change course. The cabinet minister is vulnerable because he promised cheaper bills if Britain embraced his clean, green power plan.Critics, including Labour’...
Britain faces more than a DECADE of high energy bills: 'Not sustainable!'
Britain faces more than a decade of high energy bills, a leading economist has warned. The UK already has some of the most expensive electricity in the developed world, with industrial prices up to four times higher than in parts of the US. Sir Dieter Helm, Professor of Economic Policy at the University of Oxford, said, because of the contracts system for renewables, the country was locked into high costs until at least 2040.“The economy can’t stand it,” he warned, and said it was “not sustainab...
Canadian Drugmaker Apotex Files For Toronto IPO
Canadian generic drugmaker Apotex Health Corp. filed for an initial public offering in Toronto, it said in a statement on Thursday.
UK recruitment firm collapses with £4.5m debts
UK recruitment firm collapses with £4.5m debtsThe company's directors pointed to 'extremely challenging market conditions' and major clients launching mass redundancies. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Eleanor Burleigh 18:24, Thu, May 28, 2026 Updated: 18:30, Thu, May 28, 2026 The recruitment firm appointed administrators earlier this month (Image: Getty)A UK-based recruitment firm has coll...
Unfair childcare eligibility criteria and the ‘nerd tax’ | Letters
Jamie Evans questions the exclusion that means his family will not be able to claim £8,000 of support while his wife is a PhD studentThe education secretary, Bridget Phillipson, is right to order a Competition and Markets Authority review of hidden childcare charges (Report, 24 May). However, she would do well to also review her department’s own eligibility criteria for accessing 30 hours of funded childcare in the first place. One particularly egregious exclusion is that of PhD students, who mi...
US, Iran Truce Hopes Lift Stocks | Open Interest 5/28/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks climb on reports the US and Iran may extend their truce, pending President Trump’s backing. Software splits as Salesforce disappoints, while Snowflake surges on AI demand. Plus, Goldman’s Ben Snider joins Bloomberg Open Interest on his higher S&P target, Sridhar Ramaswamy, the CEO of Snowflake gives his outlook, Miriam Wheeler calls AI a "generational opportunity” and Kayak’ CEO Peer Buel...
Citadel Securities’ Rubner Says Stocks Pain Trade Points Higher
The “pain trade” in US equities is for prices to keep rising even after a double-digit surge over the past two months, according to Citadel Securities’ Scott Rubner.