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Trump administration cut 4.3 million from food stamps claiming most was ‘fraud’ – data suggests otherwise
Administration claims improving economic conditions and a crackdown on fraud led to a decrease in SNAP participation, despite federal data showing many people lost benefits after the passage of the One Big Beautiful Bill
Budget Fears Weigh on Defense Stocks Ahead of Hegseth Testimony
Two months after the Iran war began, euphoria around US defense stocks has faded as investors worry a rally that pushed shares to all-time highs went too far, too fast, and that a massive boost to the defense budget is unlikely.
GM Expects $500 Million Tariff Refund—Boosting 2026 Earnings Estimates
BreakingBusinessGM Expects $500 Million Tariff Refund—Boosting 2026 Earnings EstimatesByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorApr 28, 2026, 01:57pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineGeneral Motors on Tuesday said it anticipated a $500 million tariff refund from the Trump administration after the Supreme Court struck down President Donald Trump’s...
Silicon Valley’s Casino Problem
MoneyMarketsSilicon Valley’s Casino ProblemByJames Broughel,Contributor.Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation.Follow AuthorApr 28, 2026, 01:48pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Prediction markets, cryptocurrencies and sports betting demonstrate how innovation is not always productive and can result in finan...
Traders Protect Against Selloff Even as Oil Climbs Above $110
Even as Wall Street calls for oil to hold above $100, stockpiles shrivel and the Strait of Hormuz remains all but shut, some traders are buying options to protect against an abrupt deescalation between the US and Iran.
UAE targets 5m bpd output after exit from Opec+, Minister says
Abu Dhabi: The UAE has set out a clear and publicly stated plan to raise its oil production capacity to 5 million barrels per day by 2027, positioning itself to play a larger role in meeting global demand at a time of heightened market pressure.Speaking to Al Etihad News Centre, Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said the country is moving ahead with implementing the plan, adding that the UAE aims to remain a responsible producer capable of contributing along...
Kazakhstan set to redirect German oil to Russian ports
NewsWorldEuropeKazakhstan set to redirect German oil to Russian ports Mariya Gordeyeva Tuesday 28 April 2026 18:45 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2966517","articleMeta":{"url":"https://www.independent.co.uk/news/world/europe/germany-russia-oil-kazakhs...
Goldman’s Flood Says Brace for Near-Term Selloff, Buy Stocks Dip
US stock investors should brace for a near-term pullback as positioning becomes increasingly stretched and key institutional buyers flip to sellers, according to Goldman Sachs Group Inc.’s John Flood.
World Bank expects 16% rise in commodity prices in 2026
In developing economies, inflation is now projected to average 5.1% in 2026 under the baseline assumptions
Blackstone’s QTS Asks Banks for $2 Billion to Guarantee AI Power
Blackstone Inc.-backed data center operator QTS is in talks with banks for about $2 billion to help procure electricity, intensifying the race for ever-more creative forms of financing in the industry.
DIGI: Finding the Cracks in the US Consumer | Meredith Whitney
Meredith Whitney, the CEO of Meredith Whitney Advisory Group, breaks down the illusion of a strong US consumer, revealing a widening gap between wealthy spenders and struggling households. She explains how government stimulus is temporarily masking deeper cracks, and why the economy could face a sharp reality check after the election. (Source: Bloomberg)
UAE's withdrawal from OPEC stems from its desire to profit from excess capacity — expert
Nabil Jaafar Al-Marsoumi emphasized that "it cannot be ruled out that this move by the UAE will undermine the efforts of OPEC and OPEC+ to control and regulate oil supplies and adjust production in line with global demand"
OPEC Faces Rift After UAE Exit | Open Interest 4/28/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks tied to OpenAI slide after a report of missed growth targets, while oil holds above $110 even as the UAE exits OPEC on May 1. Earnings roll in against a cautious consumer backdrop as confidence edges higher. UAE Energy Minister Suhail Al Mazrouei joins us on the geopolitical shakeup, Mike McKee breaks down the latest consumer data, Atomic-6 CEO Trevor Smith looks at AI data centers in spa...
UAE to exit OPEC, OPEC+ amid West Asia conflict: How can world tackle the oil shock?
UAE to exit OPEC OPEC amid West Asia conflict How can world tackle the oil shock
Lula to Unveil $20 Billion Debt Relief Plan Ahead of Election
President Luiz Inacio Lula da Silva plans to roll out a program to renegotiate more than 100 billion reais ($20 billion) in household debt, adding to a string of measures to support consumption as he seeks to bolster his popularity ahead of Brazil’s October election.
Markets Downplay War’s Impact on Petrochemicals, Pipeline CEO Says
Investors are misjudging how much Strait of Hormuz closures could impact global flows of petrochemicals, said Enterprise Products Partners LP Chief Executive Officer Jim Teague, adding to a chorus of industry voices warning about lingering disruptions from the Iran war.
Wheat Highest Since 2024 as Drought, Fertilizer Costs Hit Supply
Wheat surged to the highest in nearly two years as drought in the US was pressuring yields at a time soaring fertilizer costs prompted farmers to pare back planting of nutrient-intensive crops such as grains.
Shell CEO Sees Tight Oil Supplies as Hormuz Remains Blockaded
The oil and liquefied natural gas shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year, Shell Plc Chief Executive Officer Wael Sawan said.
IFC Report: Morocco’s Private Sector Holds Back Stronger Growth
Rabat – Morocco’s private sector has yet to reach its full capacity, despite a decade of steady economic gains, according to a new report by the International Finance Corporation (IFC). The World Bank Group-affiliated institution’s latest diagnosis offers a clear-eyed assessment of Morocco’s economic ecosystem. It argues that while Morocco has built solid economic fundamentals, structural limits continue to restrain private initiative and long-term growth. Over the past ten years, the coun...
UAE’s withdrawal from OPEC may lead to growing oil supplies to market - newspaper
According to the report, the announcement on the withdrawal of one of world’s largest oil producers from associations takes place in a "dramatic moment" when the world faces the severest energy crisis of the last decades