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Larry Fink Says Futures of Compute Will Be New Asset Class
BlackRock Chair and CEO Larry Fink suggests the demand for computing power is so large that a new asset class will spring up. He speaks at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Consolidating your debt may not save you money this May. Here's why.
MoneyWatch: Managing Your Money Consolidating your debt may not save you money this May. Here's why. 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...
AEP Weighs Break From Two of America’s Biggest Power Grids
American Electric Power Co. is reviewing its memberships in two of the biggest US power networks after the utility’s top boss accused the grid operators of being too slow to connect data-center customers.
Goldman's Snider Sees 'Yellow Flags' in Equities
Ben Snider, chief US equities strategist at Goldman Sachs Group Inc., says only a small number of stocks are driving the market to new highs. “If you look at the S&P 500, we’re at an all-time high, but the median stock in the index is still about 13% below its respective high,” Snider said Tuesday in an interview with Bloomberg Television. (Source: Bloomberg)
Nissan to shut production line in Sunderland as part of 'decisive action' - Job cuts unclear
Nissan has confirmed that it will be closing one of its production lines at its historic Sunderland plant as part of a major restructuring across the brand.A spokesperson for the Japanese brand told GB News that it would "consolidate production from two lines to one" at the Sunderland plant.It stated that these changes were taking place as "we assess future opportunities to secure full plant utilisation".Reports also suggest that Nissan will cut around 10 per cent of its European workforce, whic...
Syrian refugee raped woman, 19, in beach promenade toilet after giving her a lift on his e-bike because she was lost, court hears
Syrian refugee raped woman, 19, in beach promenade toilet after giving her a lift on his e-bike because she was lost, court hearsBy JACK HARDY, NEWS REPORTER Published: 16:35, 5 May 2026 | Updated: 16:35, 5 May 2026 e-mail View comments
How to get funding from big backers
From army commander to pandemic data chief to AI startup founder, Alex Cooper has taken an unconventional path to securing a $14m raise - here, he shares the tips that helped Electric Twin win over some of the world's savviest investors
Diamondback Sees 10% More Permian Oil Rigs by Year-End as War Boosts Prices
Diamondback Energy Inc., one of the biggest US shale producers, predicts that drillers will add as many as 30 rigs to America’s most prolific oil field by the end of the year as the Iran war sends crude prices soaring.
Ambev Soars Most Since 1999 as Brazil Beer Boosts Earnings
Shares of Ambev SA, the Brazilian unit of Anheuser-Busch InBev NV, soared the most in nearly 27 years after stronger-than-expected beer volumes in the South American nation drove a beat in first quarter earnings.
What It Will Take to Fix the Oil Market
The standoff in the Strait of Hormuz has removed millions of barrels of oil from markets, exposed stockpiles, spare capacity and even OPEC. Here's what would get the energy markets back on track. (Source: Bloomberg)
Best debt relief companies, plus advice borrowers need to know now
MoneyWatch: Managing Your Money Best debt relief companies, plus advice borrowers need to know now 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 wr...
Mexican billionaire was so delighted to meet descendant of Gilded Age's famous Astor family he handed him $450m... only to get a VERY nasty shock, prosecutors allege
Mexican billionaire was so delighted to meet descendant of Gilded Age's famous Astor family he handed him $450m... only to get a VERY nasty shock, prosecutors allegeSign up for our US Editor's Picks newsletter to get all the biggest exclusive stories By ELIOT FORCE, US NEWS REPORTER Published: 16:12, 5 May 2026 | Updated: 16:12, 5 May 2026 e-mail View comments
What would a $20,000 debt consolidation loan cost monthly at today's rates?
MoneyWatch: Managing Your Money What would a $20,000 debt consolidation loan cost monthly at today's rates? 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, whe...
Day after poll results, cash, gold found in Bengal hospital; BJP alleges TMC link
Day after poll results cash gold found in Bengal hospital BJP alleges TMC link
Carlyle’s $5B Private Equity Shakeup
Carlyle Co-President John Redett joins Bloomberg's Dani Burger at the Milken Conference to break down a $5B liquidity strategy that aims to reshape private equity. He explains what’s really behind the industry’s exit slowdown, and pushes back on the AI investment frenzy saying diversification wins over hype. (Source: Bloomberg)
Philip Morris uses secret Senate hearing to warn illegal tobacco in Australia could wipe out legal trade by 2030
Company pushes for lower excise and claims threats warrant secrecy, while critics say it has ‘no interest in public health or safety’Get our breaking news email, free app or daily news podcastTobacco giant Philip Morris told a secret Senate hearing that soaring trade in illegal cigarettes would wipe out legal products in Australia as soon as 2030, claiming executives’ identities should be kept secret because of threats from organised crime.Labor criticised Coalition MPs for allowing the company...
‘It’s quite distressing’: rate rise brings new pain for would-be homebuyers
Property prices are still rising at the entry level and as borrowing costs increase, the home ownership dream is even further out of reach The third Reserve Bank rate hike in a row has delivered a blow not only to mortgaged homeowners, but also to those hoping to break into the property market like Dani Hunterford and her husband.They have been saving for a deposit but have been left frustrated as another rate hike appears to put their homeowning dream out of reach again. Continue reading...
UK homebuyers face worst mortgage affordability since 2008, data shows
‘Least affordable’ areas mainly in London commuter belt, UK Finance finds, with Iran war not yet reflected in dataBusiness live – latest updatesUK homebuyers are facing the worst mortgage affordability pressures for almost two decades, although the “pain” is not being felt equally across the country, according to industry data.The banking body UK Finance said that at a nationwide level, initial mortgage repayments were typically swallowing up more than a fifth (21.3%) of a homebuyer’s gross inco...
UK borrowing costs hit highest level since 1998 as Rachel Reeves faces pressure over Britain's mounting debt
Britain's long-term Government borrowing costs surged to their highest level in nearly three decades on Tuesday afternoon, as fears surrounding the Iran conflict continued to unsettle financial markets.The yield on 30-year gilts climbed by 0.14 percentage points to 5.798 per cent, marking the highest level recorded since 1998.Shorter-term debt also came under pressure, with 10-year gilt yields rising by 0.15 percentage points to 5.122 per cent, although this remains below peaks recorded last mon...
A Climate Activist Wants to Run California. Coal Helped Fuel His Wealth.
Questions linger about the finances of Tom Steyer, who has emerged as a leading contender in the California governor’s race. He says he has asked that his money be separated from fossil fuel investments.