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IMF Approves About $1 Billion Disbursement for Argentina in Fresh Win for Milei
The International Monetary Fund’s executive board approved Argentina’s latest program review to unlock about $1 billion, a vote of confidence in President Javier Milei despite missing a key program target.
NASCAR champion Kyle Busch dies at the age of 41: 'Sudden and tragic'
"On behalf of the Busch family, everyone at Richard Childress Racing and all of NASCAR, we are devastated to announce the sudden and tragic passing of Kyle Busch."
Kyle Busch, NASCAR great and 2-time Cup Series champion, dies at 41 after illness
Kyle Busch, one of the purest racing talents NASCAR has ever seen and winner of more national series races than any driver in history, has died after falling severely ill, NASCAR announced Thursday.Busch was hospitalized this week and never recovered. He was 41.For more than two decades, the man who fittingly called himself “Rowdy” captivated and divided NASCAR fans like no other. He combined his skill with an unapologetic swagger that entertained, outraged and, most of all, won a whole lot of r...
Morrisons to close 100 stores across the UK putting hundreds of jobs at risk
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Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle
While there are some shocking revelations in SpaceX’s S-1 as it gets ready to become a public company, Elon Musk’s total control of the company perhaps isn’t one of them. I could argue that the oddball provision where Elon Musk gets up to a billion more shares to add to his already oversized, company-controlling cache once a million people are living on Mars (yes, really), is perhaps the most jaw-dropping. It is also fairly unserious. Musk controls and can vote those shares now, by the way.
What to Know About the SpaceX IPO
Elon Musk gave the financial world a lot to ponder as SpaceX made public its plans for an initial public offering. The IPO is poised to be the largest stock-market debut in history, but as financial paperwork unveiled on May 20 confirmed, SpaceX’s success as a public enterprise will depend on its ability to meet lofty goals across space exploration, satellite communications and artificial intelligence.
US Races to Create Domestic Rare Earths Supply
Tripp Hornick, principal at Quince Street Strategy, said that the US allowed the mining and manufacturing of rare earth elements to be pushed overseas because investors felt it was too expensive and 'dirty' to back. Now, the US is facing the consequences of moving that supply chain process overseas, as the US and other world powers race to build a system that is not reliant on China for minerals that are key to national security. (Source: Bloomberg)
UBS Hits Back Over Nazi-Accounts Probe Amid Senate Pressure
UBS Group AG accused the US lawyer overseeing a six-year-old inquiry into Credit Suisse’s handling of Nazi-linked accounts of bias and exceeding his mandate, deepening a standoff between the Swiss bank and its critics in Washington.
The Rachel Reeves "Fun" Tax Cuts
Cheaper amusement parks, theatre tickets and kid's meals.
Flight Firm CAE Says Defense Deals, Cost Cutting to Drive Profit Surge
Flight simulator firm CAE Inc. unveiled a plan to increase operating income by 30% or more by 2030 as its new chief executive officer embarks on a strategy that includes a greater focus on defense clients.
Bird Construction Readies Its First Corporate Bond Sale
Bird Construction, a Canadian building firm recently named the lead construction partner for a data center in Saskatchewan, is looking to sell bonds for the first time, and aims to raise around C$250 million ($181 million), according to people with knowledge of the matter.
CBDT detects very rich ‘farmers’ without land
NEW DELHI: The Central Board of Direct Taxes (CBDT) has come across many cases where individuals have claimed income tax exemption on agricultural income without having any land holdings.
JPMorgan Boosts Warner Bros. Loan to $10 Billion as Merger Looms
A JPMorgan Chase & Co.-led bank group boosted a leveraged loan offering for Warner Bros. Discovery Inc. to $10.2 billion as the media company looks to refinance short-term debt ahead of its planned acquisition by Paramount Skydance Corp.
Canada Pension Boss Warns on AI-Fueled Valuations as Stocks Keep Rising
Canada Pension Plan Investment Board’s top executive said the firm is getting increasingly uncomfortable with rich valuations in a stock market that’s dominated by technology and artificial intelligence companies.
Consumers are still spending, but cracks are starting to show
MoneyWatch Consumers are still spending, but cracks are starting to show .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Read Full Bio Aimee P...
‘We’re the good ones. I really believe that’: meet the German billionaire behind the Enhanced Games
Having unearthed the world’s largest triceratops head, Christian Angermayer knows where to find treasure among the dirt. Step forward Sunday’s inaugural ‘Steroid Olympics’ promoting PEDs to the massesBefore we get to doping and psychedelics, arguably the most controversial man in sport is discussing how he came to own the largest triceratops skull ever discovered. And how he plans to install it in his London apartment.So how much did you pay for it, I ask Christian Angermayer, the German billion...
SBA To Double To $10 Million Maximum Loans For Some Small Businesses
Small BusinessEditors' PickSBA To Double To $10 Million Maximum Loans For Some Small BusinessesThe rule change, scheduled to take effect on July 4th, will help capital intensive businesses that tap 504 loans for fixed assets as well as the more flexible and popular 7(a) loans. ByJohn Schroyer,Writer. Small businessFollow AuthorMay 21, 2026, 03:14pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.@font-face{font-family: "Sc...
Artificial intelligence could eliminate thousands of jobs in New York City: Report
AI promises a "radical transformation" of the world's financial capital, New York City Comptroller Mark Levin said.
3 CD account mistakes to avoid in today's economy
MoneyWatch: Managing Your Money 3 CD account mistakes to avoid in today's economy 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 and...
Fewer Hurricanes Are Forecast This Year—Here’s Why Your Insurance Bill Probably Won’t Go Down
BreakingBusinessFewer Hurricanes Are Forecast This Year—Here’s Why Your Insurance Bill Probably Won’t Go DownByMary Whitfill Roeloffs,Forbes Staff. Mary Roeloffs is a Forbes breaking news reporter covering pop culture.Follow AuthorMay 21, 2026, 03:07pm EDTToplineForecasters at the National Hurricane Center say they expect the upcoming storm season to be a quiet one—forecasting fewer than 14 storms will form in the Atlantic from June to November—but homeowners in vulnerable areas like Florida and...