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AI Boom Sends Sterling Infrastructure Stock Soaring, Peers Gain
Sterling Infrastructure Inc.’s earnings, fueled by the race to buildout artificial intelligence infrastructure, are putting the stock on track for its best day in more than two decades. Other construction and engineering firms also soared.
Mexico’s MIP Seeking to Invest $12 Billion for Infrastructure
Mexican infrastructure investment manager MIP Real Assets is seeking to invest more than $12 billion for projects involving renewable energy and highways in Mexico, one of the most ambitious private-sector programs yet as President Claudia Sheinbaum pushes for more development.
Saudi Arabia Cuts Oil Prices for June From Record-High Premium
Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May, though it remained near historic levels as the war in the Middle East continues to severely disrupt supplies.
Armed Forces unification symbolises strength, national pride: Fujairah Ruler
His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, affirmed that May 6 marks a renewed chapter of pride in the UAE’s history, commemorating the unification of the Armed Forces as a cornerstone of national strength, security and stability.In a statement marking the occasion, Sheikh Hamad said, “Today we celebrate the golden jubilee of this great national event, which came in 1976 as the culmination of the wise vision and foresight of the UAE's Founding...
TCW's Katie Koch Sees No Reason to Panic Over Private Credit
TCW President and CEO Katie Koch says she sees "tremendous opportunity" in the private credit market. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Koch discusses the landscape for the asset management industry. (Source: Bloomberg)
LIV Golf Taps Advisers to Find New Investors After PIF’s Exit
LIV Golf has tapped law firm Gibson Dunn & Crutcher to advise it in an effort to turn around a loss-making business and find investors to fill the gap left by Saudi Arabia’s Public Investment Fund, according to people familiar with the matter.
All the London High Street chains closing stores in 2026
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Spirit Airlines apologizes after shock shutdown: 'Thank you and sorry to the American public'
U.S. newsSpirit Airlines apologizes after shock shutdown: 'Thank you and sorry to the American public'The defunct airline blamed a fuel "megaspike" on its collapse during a bankruptcy hearing on Tuesday. Listen to this article with a free account00:0000:00A Spirit Airlines yellow aircraft soaring through the sky in San Jose, Calif. in 2025.Wirestock / Getty ImagesShareAdd NBC News to GoogleMay 5, 2026, 2:54 PM EDTBy Mirna Alsharif, Kayla Steinberg and Anthony CusumanoSpirit A...
Sales of new vehicles up 7% in Russia in 4M 2026 — ministry
The market of domestically produced vehicles gained 22% to 268,500 units
Aryna Sabalenka threatens to boycott French Open over prize money dispute
Aryna Sabalenka threatens to boycott French Open over prize money dispute
The Iran war sent jet fuel prices sky-high. Here's what air travelers should know
Fuel is airlines' second-largest expense, and getting even costlier due to the U.S. war with Iran. Airlines are looking for ways to cope, starting by hiking checked baggage fees for most fliers.(Image credit: Kena Betancur)
Cerebras Requires Limit Orders From IPO Buyers as Demand Grows
Cerebras Systems Inc. is telling institutional investors placing orders in its IPO to specify the number of shares and the maximum price they’re willing to pay, according to people familiar with the matter, another sign that the artificial intelligence chipmaker’s shares are in high demand.
Make it in the Emirates 2026: Sharjah attracts Dh3.5 billion in industrial investment over five years
Industrial investment into Sharjah has surpassed Dh3.51 billion across 99 projects in the past five years, including Dh1.6 billion from 31 projects in 2025, according to fDi Markets data from the Financial Times. The figures were announced by Sharjah FDI Office (Invest in Sharjah) at Make it in the Emirates 2026, held in Abu Dhabi from May 4 to 7, where it was part of a wider showcase by the emirate of Sharjah.Get updated faster and for FREE: Download the Gulf News app now - simply click here.Th...
What is the minimum you're required to withdraw from a $500,000 retirement account?
MoneyWatch: Managing Your Money What is the minimum you're required to withdraw from a $500,000 retirement account? 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....
Tesco Clubcard users can pocket 5,000 bonus points — but deadline fast approaching
Tesco Clubcard holders have until May 10 to secure a 5,000 bonus in Virgin Points by signing up to an automatic conversion offer for the first time.The deal is available to shoppers who activate the auto-exchange feature converting Clubcard points into Virgin Points before 11.59pm on May 10.Once enrolled, Clubcard points will automatically convert into Virgin Points with each quarterly statement.Virgin said: "Bag 5,000 bonus Virgin Points when you sign up to auto exchange your Clubcard points in...
More companies are pointing to AI as they lay off employees
MoneyWatch More companies are pointing to AI as they lay off employees .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham Updated on: May 5, 2026 / 2:04 PM EDT / CBS News Add CBS News on Google When Pin...
G7 in talks to set up permanent body to oversee critical minerals supply
G in talks to set up permanent body to oversee critical minerals supply
Trump admin proposes letting companies report earnings only twice a year
The Securities and Exchange Commission, the nation's top regulator for publicly traded companies, issued a proposal Tuesday that would give companies the option to report their earnings and financials only twice per year
New agreement to help promoting Russian goods in UAE market — business council
Products of about fifteen UAE manufacturers, including confectionery, dried fruits and cosmetics, is already present in Russian retail chains owing to cooperation with the Russian-Emirates Business Council
A veneer of normality has returned to Tehran, but fears for the future are rife
From economic woes to concerns that war could break out again at any moment, underlying worries run deepIn the weeks since the fragile ceasefire with the US and Israel took hold, life in Tehran has – on the surface at least – largely returned to something like pre-war normality. Many security checkpoints have been taken down, coffee shops are bustling, parks are full of people gathering for picnics, musicians are playing again in the streets, highways are jammed with traffic and the metro - free...