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State Street CEO: ETFs Have 'Exploded'
State Street Chairman and CEO Ron O'Hanley discusses the company's strategic approach to the exploding ETF market, 'episodic' M&A, and the impacts of geopolitical risks in the markets. He talks with Katie Greifeld and Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
What to know about the Spirit Airlines shutdown
Spirit Airlines' abrupt shutdown over the weekend sent passengers and employees scrambling to figure out what's next. CBS News' Kris Van Cleave and Peter Greenberg have more on why the company closed and what it means for the rest of the airline industry.
GameStop shares fall 10% after CEO skirts questions over eBay acquisition details
Ryan Cohen said he didn’t understand questions about how the video games retailer could afford its $55.5bn bidSign up for the Breaking News US newsletter emailGameStop’s shares fell more than 10% on Monday as questions emerged about how the company would finance its surprise $55.5bn bid for eBay.In an interview with CNBC, Ryan Cohen, GameStop’s CEO, skirted repeated inquiries about how the video games retailer could afford the deal, saying he didn’t understand the questions. Continue reading...
Apollo-Owned Auto Supplier Tenneco Is Said to Tap Banks for IPO
Tenneco Inc. has picked banks to lead its initial public offering, according to people familiar with the matter, as the automotive supplier advances a public listing four years after it was acquired by Apollo Global Management Inc.
Guggenheim's Walsh Sees Fed Cutting Once More This Year
Guggenheim Partners Investment Management CIO Anne Walsh discusses the outlook for the equity, oil and fixed income markets. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Walsh sees an extended Iran conflict as the big risk to markets and predicts one more Federal Reserve rate cut this year. (Source: Bloomberg)
Pimco's Stracke Sees Client Diversification Away From US
Pimco President Christian Stracke discusses the firm's expansion of its international business. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Stracke says international clients are seeking to diversify away from US markets amid geopolitical shifts. Pimco's Stracke Sees Client Diversification Away From US (Source: Bloomberg)
Kalshi's Quintenz: Prediction Markets are Not Casinos
Former CFTC Commissioner and current Kalshi board member Brian Quintenz discusses the evolving landscape of prediction markets and how federally regulated prediction markets and state-regulated sports books can coexist. He talks with Katie Greifeld and Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Pretium’s Mullen Says Capital for Rental Homes Is ‘Drying Up’
Legislation that would ban large corporate landlords from acquiring more single-family rental homes is depriving the US housing market of much-needed investment, Pretium founder Don Mullen said in an interview with Bloomberg Television.
Abortion rights groups brace for another Supreme Court battle after justices restore telehealth access to widely used drug
NewsWorldAmericasUS politicsAbortion rights groups brace for another Supreme Court battle after justices restore telehealth access to widely used drugSupreme Court allows mifepristone prescriptions by mail, for nowAlex Woodward in New York Monday 04 May 2026 21:50 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComm...
Pimco’s International Clients Seek to Diversify Away From US
Pacific Investment Management Co.’s international clients are seeking to diversify away from US markets amid geopolitical shifts and as a prolonged equity rally increases their exposure to the world’s largest market, according to Christian Stracke, the company’s president.
Paramount Q1 Profit Rises on Streaming, Studios, Despite TV’s Decline
Paramount Skydance said first-quarter profit rose despite shortfalls in the company’s largest business –traditional TV — as revenue dips from cable and broadcast were offset by growth in movie and TV production as well as subscriptions to Paramount+. In a letter to shareholders Monday, the owner of CBS, Comedy Central and the Paramount movie studio […]
Labour to pay energy quango bosses £1,000 PER DAY in what critics slam as 'scandalous'
Ed Miliband's Energy quango is actively looking for three new Non-Executive Directors and is offering a “mind-blowing” £270,000 over three years, a move described as “scandalous” by critics. The successful applicants, who would serve in a non-executive capacity for Great British Energy (GBE), which is sponsored by the Department for Energy Security & Net-Zero, would earn £1,000 per day each for working three days per week. The total remuneration would amount to £30,000 a year each, almost what...
Pretium CEO: Capital for Home Construction is Drying up
Pretium CEO Don Mullen discusses the impacts of the 21st Century Road to Housing Act, home construction capital drying up, and the need to speed up homebuilding. He talks with Katie Greifeld and Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Why reopening Strait of Hormuz will not immediately end strain on trade
Dubai: Oil prices eased as markets responded to signs that shipping could resume through the Strait of Hormuz, following a US-led effort linked to Donald Trump to guide vessels out of the disrupted waterway. After weeks of blockage that left around 1,000 ships stranded, the prospect of movement has offered immediate relief.Get updated faster and for FREE: Download the Gulf News app now - simply click here. That relief, though, reflects expectations rather than reality on the ground. The Strait t...
SEC Investigating Alleged Fraud in Private Credit, Atkins Says
Securities and Exchange Commission Chairman Paul Atkins said the agency is investigating allegations of fraud in private credit firms, though he declined to say specifically which companies are under scrutiny.
'Wonderful finish!' - Doku gives Man City the lead just before the break!
Jeremy Doku gives Manchester City the lead in their Premier League clash with Everton.
Katie Haun raises $1 billion for new venture funds
Former Andreessen Horowitz investor Katie Haun announced on Monday in a press release that her firm has raised $1 billion across new funds to continue its thesis of backing crypto and blockchain. The capital will be spread across startups at early and later stages, Bloomberg reported, and, within the crypto and blockchain space, will also be used to back startups focused on alternative assets (like gold and other commodities), the agentic economy, and financial services.
Rheinmetall Sales Miss Estimates as Revenues Shift Into 2Q
Rheinmetall AG reported preliminary first-quarter sales of about €1.9 billion that missed the average analyst estimate of about €2.3 billion as Germany’s biggest defense firm gears up for a year of executing on major orders from Europe and beyond.
KPS Snaps Up Oldcastle Bonds to Secure Hand in Debt Overhaul
Private equity firm KPS Capital Partners is buying the discounted debt of its own company, Oldcastle BuildingEnvelope, in a bid to secure the upper hand in the glass giant’s looming financial overhaul.
SEC Drops Accounting Fraud Case Against Ex-Iconix CEO
The Securities and Exchange Commission will drop a long-running lawsuit against the founder of apparel licenser Iconix Brand Group that accused him of inflating the company’s revenue and earnings more than a decade ago.