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Zohran Mamdani forced to eat humble pie as he makes nice with America's business elite after divisive 'Tax the Rich' video
Zohran Mamdani forced to eat humble pie as he makes nice with America's business elite after divisive 'Tax the Rich' video Sign up for our US Editor's Picks newsletter to get all the best exclusive storiesSee more Daily Mail on Google - save us as a Preferred SourceBy SOPHIE GABLE, US REPORTER Published: 21:46, 20 May 2026 | Updated: 21:48, 20 May 2026 e-mail View comments
US Seeks to Boost Energy Exports to India as Rubio Visits Delhi
The Trump administration wants to boost energy exports to India, the US ambassador in New Delhi said on Wednesday, ahead of a multi-day visit by Secretary of State Marco Rubio to the world’s most populous country.
FSU football X account gets community noted for claiming 'record GPA' in social media post
In the past few years, there hasn't been a lot to celebrate about when it comes to the Florida State Seminoles football program.Their record on the field over the last two seasons has been a dismal 7-17, with only three of those wins coming against conference foes.Head coach Mike Norvell is essentially persona non grata in Tallahassee, and despite this, he's just too damn expensive to fire at the moment, meaning the Seminoles are stuck in some kind of football purgatory.That's how bad things are...
The $150 Trillion Question—What Is AI’s Value In Asset Management
Today’s StocksMoneyMarketsThe $150 Trillion Question—What Is AI’s Value In Asset ManagementByCarrie McCabe,Contributor.Forbes contributors publish independent expert analyses and insights. Carrie McCabe reports on asset management, strategy, and investing.Follow AuthorMay 20, 2026, 03:52pm EDTMay 20, 2026, 04:13pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.AI in Asset ManagementPhoto credit: Getty ImagesAI is separati...
NextEra to Buy Dominion for $67B to Form Power Giant
Bloomberg's David Carnevali joins Dani Burger on "Bloomberg Deals." NextEra Energy agreed to pay about $67 billion in stock for Dominion Energy in the biggest power acquisition ever, creating a giant utility extending from Florida to the artificial intelligence data centers clustered in Virginia. (Source: Bloomberg)
'Unfortunately, your role has been eliminated': Meta leadership in email to employees
Meta has initiated significant layoffs, impacting thousands globally as roles are eliminated to enhance efficiency and fund AI investments. Employees are informed via email about severance, visa support, and system access termination. A non-working notice period is in effect, with continued pay and benefits until the termination date. Outplacement services are also provided.
Fed Minutes Show More Officials Warned of Rate-Hike Scenario
A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target, minutes of the April 28-29 Federal Open Market Committee meeting showed. Mike McKee reports. (Source: Bloomberg)
OpenAI Is Preparing to File for an IPO in the Coming Weeks
OpenAI is preparing to file for an initial public offering in the coming weeks and is targeting a public debut sometime in the fall. The exact timing remains uncertain. The ChatGPT creator, co-founded by Sam Altman, is one of the world's most valuable and powerful AI companies. Bloomberg's Ed Ludlow has all the details. (Source: Bloomberg)
More Private Cos. Getting Acquired: Evercore's Kiely
Tammy Kiely, senior managing director in technology investment banking at Evercore, and Wally Cheng, head of global technology M&A at Morgan Stanley, join Dani Burger on "Bloomberg Deals. (Source: Bloomberg)
UK agrees £3.7bn trade deal with six Gulf states
UK agrees £3.7bn trade deal with six Gulf statesJust nowShareSaveAdd as preferred on GoogleEmer MoreauBusiness reporterGetty ImagesThe Prime Minister met Jasem Mohamed Albudaiwi, secretary general of the GCC, in Downing StreetThe UK has struck a trade deal with a group of six Gulf states which it says will be worth £3.7bn to the economy.The government said the deal with Oman, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE) will remove an estimated £580m a year in tarif...
BlackRock Private Credit Fund’s Valuations Are Probed by DOJ
Bloomberg's Olivia Fishlow joins Dani Burger and Scarlet Fu on "Bloomberg Deals." Federal prosecutors are scrutinizing valuation practices at a BlackRock private credit fund, according to people with knowledge of the matter. (Source: Bloomberg)
NFL's Browns Said to Sell Stake at Valuation Over $9B
Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals." The Cleveland Browns said it sold a stake to Arctos Partners. The total investment is said to be for 10% of the club at a valuation of more than $9 billion, according to people familiar with the matter. (Source: Bloomberg)
NFL's Commanders, Raiders Shift Ownership Stakes
Doug Ostrover, the billionaire co-founder of Blue Owl Capital is unloading his stake in the NFL’s Washington Commanders. Also, Tech billionaire Michael Dell and Hollywood superagent Ari Emanuel are among a group of investors purchasing a minority stake in the Las Vegas Raiders football team. Scarlet Fu reports on "Bloomberg Deals." (Source: Bloomberg)
Welcome to the Victor Wembanyama economy. Plus: Should I 'buy' a sports bar?
Welcome back to MoneyCall, The Athletic’s weekly sports business cheat sheet.Name-dropped today: Victor Wembanyama, Louis Vuitton, Josh D’Amaro, Carlos Alcaraz, Aaron Rai, Jenny Nguyen, Katherine Legge, Caitlin Clark and more. Let’s go:Driving the ConversationWelcome to Wemby’s worldWith his Game 1 performance in the NBA’s West finals, Victor Wembanyama just solidified himself as the premier must-see spectacle in sports. That’s amid a jam-packed sports year including the Winter Olympics and Worl...
Fed officials’ concerns about inflation sparked talk of rate hike during last meeting
EconomyFed officials’ concerns about inflation sparked talk of rate hike during last meetingInflation pressures have been aggravated by the U.S.-Israel-led war against Iran.Listen to this article with a free account00:0000:00Marriner S. Eccles Federal Reserve Board Building in in Washington, D.C. Andrew Harnik / Getty ImagesShareAdd NBC News to GoogleMay 20, 2026, 2:36 PM EDTBy ReutersFederal Reserve officials’ concerns about inflation being stoked by the Iran war intensified last month, with a...
What sagging bond prices are telling us about the U.S. economy
MoneyWatch Bond prices are down, yields are down and investors are on edge. Here's what that means for the economy. .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...
Minutes Show Fed Officials Warned of Possible Rate Hike
A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target, minutes of the April 28-29 Federal Open Market Committee meeting showed. Mike McKee reports. (Source: Bloomberg)
Oil tumbles as Trump says Iran war is in its ‘final stages’
Oil tumbles as Trump says Iran war is in its ‘final stages’
Summer travelers face "vacation inflation" as airfare, gas prices rise
MoneyWatch Summer travelers face "vacation inflation" as airfare, gas prices rise .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 20, 2026 /...
Sick notes 'scrapped' as part of new plans to reduce benefits claims and combat Britain's worklessness
A Government pilot scheme launching in July will remove GPs from the sick note process in certain circumstances, instead directing patients to "social prescribers" who can suggest alternatives to being signed off work.Under the trial programme, workers experiencing health difficulties will be referred to social prescribers operating within their GP surgeries. These specialists will connect patients with support options including fitness programmes and employment coaching designed to help them re...