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JPMorgan’s Dimon Warns Again on Risks of Credit Market Downturn
JPMorgan Chase & Co.’s Jamie Dimon again cautioned that a credit market downturn could be worse than expected, even after his firm and Wall Street rivals posted a banner quarter in which loan portfolios held up.
Citadel Books More US Rockies Gas Transport on Key Pipeline
Citadel Energy Marketing, the merchant trading arm of Ken Griffin’s Citadel, has expanded its natural gas pipeline transportation capacity on a key interstate conduit from the Rocky Mountains to Arizona by 37%, positioning itself ahead of anticipated growth in Southwest gas demand.
Strait of Hormuz in limbo as UAE says its leaving OPEC
The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. Meanwhile, the United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1. CBS News' Ramy Inocencio has more.
UAE's Opec exit: From India’s point of view, this is very good development, analysts say
The UAE's decision on Tuesday to exit Opec and Opec+ is likely to have a beneficial impact on its ties with India, bringing the two countries closer, especially on the oil and gas front, analysts said. Narendra Taneja, chairman, Independent Energy Policy Institute, told NDTV Profit on Tuesday evening that the UAE is looking for more autonomy and focus on supplying oil to countries like India, which is closer to it in bilateral ties. “The UAE and India have deep relations and this will only impro...
‘It feels like a betrayal’: anger as Apple to close US’s first unionized store
Tech giant accused of ‘cynical attempt to bust the union’ in decision to shutter location in Towson, MarylandWorkers at the first Apple store to unionize in the US are pushing back against the company’s decision to shut down the store by June, alleging the company’s decision is rooted in “a cynical attempt to bust the union”.On Monday, the union filed an unfair labor practice charge against Apple, alleging unionized employees at the store in Towson, Maryland, are being denied transfer rights and...
Haven't Yet Seen Brunt of Energy Price Pressures in Data, Says Lindsey Piegza
Lindsey Piegza, Chief Economist at Stifel, discusses the US economic backdrop as consumers maneuver around war-driven, high energy prices. US consumer confidence unexpectedly edged up in April to the highest this year as Americans grew more hopeful about the outlook for the labor market. The Conference Board’s gauge increased to 92.8, from 92.2 in March, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 89. A measure of expectations for...
Explained: What is Opec and what does UAE's exit from it mean?
The UAE has made the decision to exit the Organisation of the Petroleum Exporting Countries (Opec) and Opec+, effective May 1, after a “careful look at the regional power's energy strategies,” the energy minister said.The UAE’s decision to withdraw is based on its long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy ma...
Drivers to be hit by household budget-busting £2billion cost at the pumps thanks to Iran war, piling pressure on Chancellor Rachel Reeves to scrap her planned fuel tax raid
Drivers to be hit by household budget-busting £2billion cost at the pumps thanks to Iran war, piling pressure on Chancellor Rachel Reeves to scrap her planned fuel tax raidBy DAVID CHURCHILL Published: 15:42, 28 April 2026 | Updated: 15:44, 28 April 2026 e-mail View comments
Pregnant Molly-Mae Hague shows off her baby bump as she runs errands with Tommy Fury after fire broke out at their £5million mansion
Pregnant Molly-Mae Hague shows off her baby bump as she runs errands with Tommy Fury after fire broke out at their £5million mansionBy CIARA FARMER, ASSISTANT SHOWBUSINESS EDITOR Published: 15:26, 28 April 2026 | Updated: 15:44, 28 April 2026 e-mail 33 View comments
The Lalit in New Delhi faces existential crisis worth Rs 1,063 crore. Here's why
The Lalit in New Delhi faces existential crisis worth Rs crore Heres why
Can wage garnishment increase over time?
MoneyWatch: Managing Your Money Can wage garnishment increase over time? 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 articles on...
US Consumer Confidence Unexpectedly Edges Up
The Conference Board’s gauge of US consumer confidence increased to 92.8, from 92.2 in March, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 89. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
Russian oligarch’s superyacht allowed through strait of Hormuz, source says
Billionaire Alexei Mordashov’s vessel, Nord, reportedly able to cross blockaded strait with US and Iranian approvalA superyacht owned by the Russian billionaire Alexei Mordashov was able to transit the blockaded strait of Hormuz after undergoing maintenance in Dubai because neither Iran nor the US objected, a source close to Mordashov said on Tuesday.It has been unclear how the multi-deck pleasure vessel, worth more than $500m (£370m), gained permission to sail on Saturday through the commercia...
Bloomberg Surveillance 4/28/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
“Nesting”…Retailers Have A Gen Z Problem
MoneyInvesting“Nesting”…Retailers Have A Gen Z ProblemByGreg Petro,Contributor.Follow AuthorApr 28, 2026, 10:18am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.“Nesting”…Retailers Have A Gen Z ProblemgettyAn American aspiration for generations since at least the end of World War II, home ownership has become a luxury that most people under the age of 30, Gen Z, can only dream about – if they even do. Evidence is mounting...
Canada Launches First Sovereign Wealth Fund to Strengthen Economic Independence
Fez – Canada has announced the creation of its first sovereign wealth fund, with an initial capital of 25 billion Canadian dollars (around $18.3 billion), in a move aimed at reducing its long-term economic reliance on the United States. According to Al Jazeera, Prime Minister Mark Carney announced the initiative in Ottawa, stating that the fund, named the “Canada Strong Fund”, will combine public and private investments. It will focus on strategic sectors such as energy, critical minerals, and i...
Why UAE quit Opec: Minister, experts explain ‘policy-driven’ move
Senior UAE officials and regional commentators have described the country’s decision to exit Opec and Opec+ alliance as a sovereign, policy-driven shift aimed at enhancing production flexibility while maintaining its commitment to global market stability.Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said the move reflects a “policy-driven evolution aligned with long-term market fundamentals”.“We thank Opec and its member countries for decades of constructive cooperation. We...
The United Arab Emirates says it's leaving OPEC, in a blow to oil cartel
The United Arab Emirates is quitting OPEC oil cartel after nearly 60 years April 28, 202610:09 AM ET Camila Domonoske UAE's Minister of Energy and Industry Suhail al-Mazrouei is shown arriving for an OPEC meeting in Vienna, Austria, on June 4, 2023. Joe Klamar/AFP via Getty Images hide caption toggle caption Joe Klamar/AFP via Getty Images The United Arab Emirates has announced that it's leaving OPEC, the cartel representing major state-owned oil producers, on May 1. In an announcement posted on...
UAE to leave Opec group of oil producers amid Middle East energy shock
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UAE industrial growth gets boost from new initiatives, says Dr Al Jaber
Dubai: Newly approved government initiatives will reinforce a more resilient and sustainable national industrial model, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, said, placing industry among the most important drivers of the UAE’s next phase of growth.Sign up for our daily business newsletter, Cheques & Balances.The measures, approved by the UAE Cabinet, come ahead of the fifth edition of Make it in the Emirates, the country’s larges...