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JPMorgan Chase CEO warns on booming private credit market challenges: What he said
JPMorgan Chase CEO Jamie Dimon cautioned that the booming private credit market faces significant challenges when the next credit cycle hits, citing the sector's size and uneven standards. He also highlighted cybersecurity risks, geopolitical instability, and potential inflationary pressures as key concerns for the global economy.
Key details as Santander gives major update on £829 payouts to customers
The scheme should get going soon
UAE jobs: Alhind group to hire for 300 posts, walk-in interview on May 3
Alhind Group, headquartered in India, will be hiring for more than 300 roles in a massive recruitment drive. According to the company, the hiring will be done through walk-in interviews that to be held at the Alhind Tower in the Al Khan area of Sharjah on Sunday, May 3.Last week, it was announced that the Alhind Tours & Travels Pvt Ltd had secured a key contract to provide passport, consular and visa services for the Indian missions in UAE and Sri Lanka. For over a decade, the group has been...
Trump considers Spirit Airlines bailout as bankruptcy-hit carrier faces refund demands
Donald Trump has suggested the US government may bail out Spirit Airlines, which is mired in bankruptcy proceedings for the second time in under two years, as frustrated passengers demand refunds
Cuba says Trump’s fresh sanctions on its economy amount to ‘collective punishment’
The US sanctions target people operating in broad sections of Cuban economy, including energy, defence and miningCuba’s government has said new sanctions imposed on the island by Donald Trump amounted to “collective punishment”, as an enormous 1 May procession outside the American embassy in Havana vowed to “defend the homeland”.In an executive order on Friday, the US president said he would impose sanctions on people involved in broad sections of the Cuban economy, as he seeks to put more press...
Millions of UK families 'may be missing out' as fund extended
The regulator has highlighted potential help
UAE - India airfares set to rise further as jet fuel crisis deepens
Dubai: Airfares for Indian expats in the UAE and wider Gulf are likely to rise as fuel costs surge, with airlines warning of knock-on disruptions in the weeks ahead.Travellers could also face reduced flight frequencies if Indian carriers cut capacity, as well as less flexibility when booking during peak periods.India has held jet fuel prices steady for domestic flights while sharply increasing rates for international operations, offering limited relief to airlines already warning of a potential...
Centre plans ₹8,097 crore equity infusion for RINL revival in Visakhapatnam
The government plans to announce an ₹8,097 crore financial package for RINL to aid its revival amid ongoing financial struggles.| India News
UAE tomato farm cuts import risk with 150,000kg local supply push
Dubai: A new tomato farm in Al Ain is set to produce 150,000 kilograms of fresh tomatoes a year, adding to the UAE’s push to grow more food locally at a time when global supply chains remain exposed to shipping delays, freight costs and regional disruption.Sign up for our daily business newsletter, Cheques & Balances.The 10,000-square-metre facility, developed by UNS Vertical Farms, uses controlled-environment agriculture, hydroponics, IoT and AI to grow tomatoes year-round in a country where ar...
Donors pitch in to help Nebraska ranchers who lost everything
The largest wildfire in Nebraska history burned about a thousand square miles of ranchland, including the Wintz's entire 11,000-acre ranch. When they and others faced the threat of losing their livelihoods, thousands of anonymous donors stepped up from across the U.S.
Spirit Airlines could shut down without bailout
Spirit Airlines could shut down without bailout
Building 'The World's Alternative Investment Marketplace': Masters in Business
Barry speaks with Lawrence Calcano, chairman and CEO of iCapital about how he helped build the company into one of the globe's leading platforms for alternative investments for wealth managers, advisors, bankers and other financial professionals. (Source: Bloomberg)
Spirit Airlines poised to cease operations as soon as Saturday, barring last minute intervention
Spirit Airlines is essentially out of available cash, so barring last-minute intervention, the company is poised to cease operations as soon as Saturday morning, potentially stranding thousands of fliers. Kris Van Cleave reports.
Wall Street Week | Warsh’s Fed, Vibe Coding, Geothermal Energy, Vegas Bets Big
This week, The Fed made its call this week, but Kevin Warsh may be about to change the institution itself. And, AI made coding easy for everyone, and that's the best and worst thing to happen to software engineering. Plus, can the same technology that unlocked oil and gas now unlock clean energy? Later, the city that was built by the mob is now betting its future on dayclubs, nightlife, and premium experiences. (Source: Bloomberg)
Big Ten distributes record $1.37 billion to schools in 2024-25 fiscal year
The Big Ten generated nearly $1.47 billion in the 2024-2025 fiscal year and distributed $1.37 billion to its 18 members, the league announced Friday.Revenue surged $540 million above the conference’s previous high, and the league disbursed $490 million more to its schools in fiscal 2025 than in the previous year. The total distribution was $340 million higher than the Southeastern Conference ($1.03 billion) announced in February. In perspective, the Big 12 reported $460 million in overall r...
Spirit Airlines could shut down by Saturday
The budget airline could abruptly halt all operations in just a few hours. The complete collapse of Spirit would be a huge blow to the airline industry and a major headache for people planning to travel with the carrier in the coming months. NBC News’ Brian Cheung has the latest.
Musely secures $360M from General Catalyst without giving up equity
Musely, a direct-to-consumer telemedicine platform, has secured over $360 million in non-dilutive capital from General Catalyst’s Customer Value Fund (CVF). The company specializes in compounded treatments for skin, hair, and menopause care. Musely co-founder and CEO, Jack Jia, told TechCrunch that when CVF investors reached out to him last year, he wasn’t looking to raise capital.
Honey is latest British staple to fall victim to Starmer's 'surrender' deal as firms 'could be forced to throw away thousands of tonnes'
Honey is latest British staple to fall victim to Starmer's 'surrender' deal as firms 'could be forced to throw away thousands of tonnes'Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By DAVID CHURCHILL Published: 23:16, 1 May 2026 | Updated: 23:16, 1 May 2026 e-mail View comments
Will California ever build the Delta tunnel? Major battles ahead as Newsom era nears end
NewsWorldAmericasWill California ever build the Delta tunnel? Major battles ahead as Newsom era nears endCalifornia Gov. Gavin Newsom's $20 billion Delta tunnel project has cleared a significant hurdle, but it still has major obstacles to overcomeRachel Becker Friday 01 May 2026 23:15 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComme...
Ford CEO says company is focusing on making vehicles more affordable
Exclusive CBS Evening News Ford CEO Jim Farley says company is focusing on making its vehicles more affordable .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-evening-news.jpg'); } By Kris Van Cleave, Kris Van Cleave Kris Van Cleave Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS News broadcasts and platforms. Rea...