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Victoria state budget 2026: state back in black forecasting two back-to-back surpluses
Labor’s 2026-27 budget shows state has recorded $700m surplus this financial year, first of its kind since before the Covid-19 pandemicGet our breaking news email, free app or daily news podcastVictoria is back in black for the first time since the start of the pandemic, with Tuesday’s state budget to deliver an operating surplus and forecasting another next financial year.The 2026-27 budget, to be handed down on Tuesday afternoon, will show the state recorded a $700m surplus in 2025-26, largely...
Kalshi Grilled by Massachusetts High Court Over What Gambling Is
The Massachusetts Supreme Court appeared skeptical of Kalshi Inc.’s claim that its prediction markets don’t fall under state gambling laws because the company is instead providing financial arrangements between people using “swap” contracts on events like sports.
Cash strapped Scots councils forced to spend hundreds of millions of pounds on hotel rooms for the homeless
Cash strapped Scots councils forced to spend hundreds of millions of pounds on hotel rooms for the homelessClick here to visit the Scotland home page for the latest news and sport By TOM GORDON, SCOTTISH DAILY MAIL DEPUTY POLITICAL EDITOR Published: 19:33, 4 May 2026 | Updated: 19:33, 4 May 2026 e-mail View comments
Man Group CEO: Economic Pain in Europe Worse than US
Man Group CEO Robyn Grew discusses the market impacts of the Iran War in both the US and Europe, and why we are beginning to see a shift toward diverse and resilient portfolios. She speaks with Katie Greifeld and Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Everyone is losing on ‘sucker-bet’ laden prediction markets except a few seasoned pros
NewsWorldAmericasEveryone is losing on ‘sucker-bet’ laden prediction markets except a few seasoned prosPlatforms like Polymarket and Kalshi have seen a huge surge in business - but there are growing calls for greater regulationOisin Mcilroy Monday 04 May 2026 19:21 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showCom...
Foreign criminals in Britain's jails cost taxpayers almost £630 MILLION per year
Foreign criminals housed in Britain's jails are costing taxpayers almost £630million per year, new analysis by GB News has revealed. Around one-in-eight of the total prison population are foreign national offenders, official figures released last week show.Out of the 87,342 prisoners held in British prisons across England and Wales, some 10,487 are foreign nationals. With the average cost of a prison place at £60,018, the annual bill for incarcerating foreign offenders has reached the total of £...
Brightline West Bondholders Give Company More Time to Raise Cash
Investors holding $1.8 billion of bonds to finance Brightline West, a high-speed rail line between Southern California and Las Vegas, are asserting more control of the project after giving the railroad three more months to inject capital.
How to make £150,000 selling a slice of your GARDEN: thousands of UK properties are suitable - and homeowners have now paid off their mortgages. Here's exactly what to do…
How to make £150,000 selling a slice of your GARDEN: thousands of UK properties are suitable - and homeowners have now paid off their mortgages. Here’s exactly what to do…By JANE DENTON, MONEY REPORTER Updated: 19:04, 4 May 2026 e-mail 12 View comments
What could cause mortgage rates to decline this May?
MoneyWatch: Managing Your Money What could cause mortgage rates to decline this May? 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 writes and edits...
Guyana President Warns of Mineral ‘Dependence’ as Iran War Speeds Shift From Oil
Guyana President Irfaan Ali warned that shifting too quickly to renewable energy in the wake of the Strait of Hormuz oil crisis could create a new dependence on critical minerals such as lithium, copper and cobalt.
Pakistan has sufficient POL reserves till third week of June, says petroleum ministry
Deputy Prime Minister Ishaq Dar was informed by the petroleum ministry on Monday that the country has sufficient reserves of POL products till the third week of June. The information was conveyed to the deputy premier during a high-level meeting to review the country’s petroleum, oil, and lubricants stock position. “The Petroleum Ministry briefed the committee on the prevailing supply situation, confirming that, after factoring in incoming shipments, sufficient stock levels are available to ensu...
Wall Street Leaders Gather at Milken as Mideast Tensions Rise | Open Interest 5/4/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Oil spikes as fresh headlines show Middle East tensions are far from over, pulling focus from strong megacap tech earnings. Dani Burger sits down with top power players at the Milken Institute Global Conference, including Apollo Co-President John Zito, Oaktree Co-CEO Armen Panossian, and PJT Partners CEO Paul T...
Want to borrow home equity without refinancing? 3 options to consider this May
MoneyWatch: Managing Your Money Want to borrow home equity without refinancing? 3 options to consider this May 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section fo...
JPMorgan Hires Morgan Stanley’s Boyle to Lead PE Secondaries
JPMorgan Chase & Co. hired Will Boyle from Morgan Stanley to lead its team that advises private equity firms on structuring private deals, as the bank looks to build out its capital advisory business for sponsors.
Spirit Airlines doomed by high fuel prices due to 'recent geopolitical events,' court docs state
Spirit Airlines said in court papers filed Monday that it was forced to ground its fleet for good over the weekend because "recent geopolitical events resulted in a massive and sustained increase in fuel prices."While the court papers did not specify the nature of those geopolitical events, jet fuel prices have soared in the two months since the start of the war in Iran."The Debtors and their advisors searched for increased capital and any sources of savings or liquidity, leaving no option unexp
GameStop’s ‘Highly Confident’ $20 Billion TD Letter Echoes Drexel
GameStop Corp.’s audacious $56 billion bid for eBay Inc. is relying on a tactic made famous by the corporate raiders of the 1980s to help prove it has the means to carry out the deal — if not the cash in hand.
Fed’s Williams Says Rates Well Positioned Amid War Uncertainty
Federal Reserve Bank of New York President John Williams said the US central bank’s current stance balances risks to price stability and full employment amid “notable” supply-chain disruptions from the Iran war.
Inside the First Berkshire Shareholder Meeting With Greg Abel as CEO
Greg Abel lead the Berkshire Hathaway Inc. shareholders meeting on Saturday for the first time as CEO. It was very different compared to when Warren Buffett ran the program. Matthew Palazola of Bloomberg Intelligence was there and came on Bloomberg Radio to talk about what he saw. (Source: Bloomberg)
Derby-winning trainer hopes more women will succeed after historic win
U.S. Kentucky Derby-winning trainer Cherie DeVaux hopes more women will succeed in horse racing after historic win By Alex Sundby Alex Sundby Senior Editor Alex Sundby is a senior editor at CBSNews.com. In addition to editing content, Alex also covers breaking news, writing about crime and severe weather as well as everything from multistate lottery jackpots to the July Fourth hot dog eating contest. Read Full Bio Alex Sundby May 4, 2026 / 12:40 PM EDT / CBS News Add CBS News on Google Cherie De...
The Met Gala 2026: Everything we know about 'fashion's biggest night'
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