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Microsoft boss 'proud' of profit-making OpenAI investment
Microsoft CEO Satya Nadella said Monday he was "very proud" of his company's profitable early investment in OpenAI, as he took the stand in Elon Musk's blockbuster lawsuit against the leaders of the AI giant behind ChatGPT.Musk — an early benefactor of the original nonprofit company — claims Microsoft knowingly helped OpenAI's creators betray their philanthropic mission and turn the firm into a cash cow.The trial has laid bare strife within a circle of elite Silicon Valley engineers, investors a...
'Economic Fury': US designates 12 entities for enabling sale of Iranian oil to China
Washington DC: The United States on Monday (local time) designated 12 individuals and entities for their role in enabling the Islamic Revolutionary Guard Corps' (IRGC) sale and shipment of Iranian oil to China. In a press statement shared on Monday, the Treasury Department accused the IRGC of using the revenue to direct it towards weapons development, backing terrorist proxies and funding security forces, which it said suppressed citizens' freedoms instead of supporting the Iranian people. The s...
Gold prices rise amid volatile trading ahead of US inflation data
NEW YORK: Gold prices rose in volatile trading today as investors look ahead to critical US inflation data scheduled for release later this week. Market participants are awaiting the Consumer Price Index (CPI) on Tuesday and the Producer Price Index (PPI) on Wednesday for further clues on the Federal Reserve's interest rate trajectory.Click for the latest gold and forex rates here: Spot gold was trading at around $4,723.10 per ounce by late evening, recovering from an earlier sharp decline of m...
Central Banks in Wait-and-See Mode: Kochugovindan
Aberdeen Senior Research Economist Sree Kochugovindan, says inflation expectations remain anchored for now and monetary policy remains on hold for the BOE, ECB and the Federal Reserve for the rest of the year. She speaks to Bloomberg's Guy Johnson, Tom Mackenzie and Anna Edwards on "The Opening Trade." (Source: Bloomberg)
Stocks remain strong despite Iran war uncertainty
Despite the ongoing war in Iran and high gas prices, stocks started trading higher on Monday. The S&P 500 and Nasdaq both hit record highs, bolstered by the tech sector. Yahoo Finance senior reporter Brooke DiPalma joins with analysis.
Federal budget 2026 live updates: treasurer Jim Chalmers to present budget speech tonight – latest news
Deputy Liberal leader says Coalition should listen ‘very carefully’ to results of Farrer byelection. Follow the latest updatesFederal budget 2026: what we know so farSee all our Australia budget 2026 coverageGet our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it will be Nick Visser with the main action.The deputy Liberal leader, senator Jane Hume, says the Coalition should be listenin...
Market Still Expecting Strait of Hormuz to Reopen: Renaud-Chatelain
Pictet Wealth Management Senior Fixed Income Strategist Laureline Renaud-Chatelain says short-term inflation rates have not priced in the worse-case scenario of an extended closure of the Strait of Hormuz. She speaks to Bloomberg's Tom Mackenzie, Anna Edwards and Guy Johnson on "The Opening Trade." (Source: Bloomberg)
Trump to cut federal fuel tax as motorists count cost of Iran war at the pump
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DRAM's First-Month Surge, Corgi Launches Record 34 ETFs | ETF IQ 5/11/2026
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Mayuranki De, Raymond James Vice President of ETF Strategy, Cinthia Murphy, TMX Vettafi Investment Strategist, Nicolas Laqua, Corgi CEO, and Ally Wallace, Morgan Stanley Investment Management Global Head of ETFs. (Source: Bloomberg)
First wave of tariff refunds will hit some businesses tomorrow
Tariff refunds will start going back to businesses on Tuesday, May 11, officials said.
Trump Signing Orders Targeting Beef Prices After 16% Surge In Past Year
BreakingBusinessTrump Signing Orders Targeting Beef Prices After 16% Surge In Past YearByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 11, 2026, 03:23pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplinePresident Donald Trump will sign two executive orders Monday aimed at bringing down record beef prices and rebuilding the U.S. cattle herd, now at a 75-year low, according to multiple reports, marking...
Kiss and fly? Now more kiss and cry! Airport drop-off fees soar to £8.50 to pile the misery on for passengers
Kiss and fly? Now more kiss and cry! Airport drop-off fees soar to £8.50 to pile the misery on for passengersClick here to visit the Scotland home page for the latest news and sport By CLAIRE ELLIOT, SCOTTISH GENERAL NEWS REPORTER Published: 20:18, 11 May 2026 | Updated: 20:18, 11 May 2026 e-mail View comments
EuroMillions player risks losing huge unclaimed UK prize – see winning numbers
A massive EuroMillions prize remains unclaimed and the National Lottery is urging anyone who may have been in Powys to check old bags, drawers and coat pockets
High Fees Frustrating, Investors Deserve Choices: Corgi CEO
Nicolas Laqua, CEO of Corgi, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." Corgi recently launched 34 new ETFs as it looks to draw attention in the industry. (Source: Bloomberg)
Silver Price Jumps The Most In Months—Could Record Highs Return?
BreakingBusinessSilver Price Jumps The Most In Months—Could Record Highs Return?ByConor Murray,Forbes Staff. Murray is a Forbes news reporter covering entertainment trends.Follow AuthorMay 11, 2026, 03:07pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineThe price of silver on Monday jumped the most in a single day since February, rising more than 7% at its peak, as some analysts suggest the months-long rally that l...
Months after Michael & Susan Dell pledged $6.25bn to Trump accounts, US prez sends 'Dell message' to Americans
Dell Technologies stock reached an all-time high after President Trump publicly endorsed the company, urging Americans to "go out and buy a Dell." This surge followed the Dell family's pledge of $6.25 billion to fund "Trump Accounts," designed to provide seed money for children's investment accounts.
Excellence In Supply Chain Is A Strategic Pillar For Hershey
InnovationTransportationExcellence In Supply Chain Is A Strategic Pillar For HersheyBySteve Banker,Contributor.Forbes contributors publish independent expert analyses and insights. I cover logistics and supply chain management.Follow AuthorMay 11, 2026, 03:00pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Hershey invests in a new production plant in Hershey, PA to improve resilience and agility. HersheyThe Hershey Compa...
Oil Climbs as US-Iran Deadlock Lifts Bond Yields
Hardika Singh, Fundstrat Economic Strategist says that tech stock earnings are really driving the stock market more than the war in Iran. A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns. The Treasury market, which has priced out the odds of Federal Reserve rate cuts this year amid the Middle East conflict, saw an increase in yields. Another rally...
Can Chinese AI solve inequality? + How dementia comes for your bank account
Business Can Chinese AI solve inequality? + How dementia comes for your bank account May 11, 20262:42 PM ET Cooper Katz McKim You're reading a preview of the brand new newsletter from The Indicator from Planet Money. Once a week, we're curating their favorite stories and insights on business, finance, economics and adding context on why they matter. Subscribe here to get it in your inbox every Friday. Today's Indicator: 6The financial red flags that show up for dementia patients Matt York/AP San...
Trump vows to pause federal gas tax after Iran war boosts US fuel prices to four-year high
National average for gas prices has risen by well over a dollar per gallon since late FebruarySign up for the Breaking News US newsletter emailDonald Trump pledged to suspend the US federal gas tax in a bid to reduce pressure on Americans after the US-Israel war on Iran sparked a sharp rise in fuel prices.The US president told reporters on Monday that his administration would look to pause the tax “till it’s appropriate”, as drivers count the cost of the surge in oil prices in the two months sin...