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Shutterfly Kicks Off $1.9 Billion Junk Deal to Tackle Debt Pile
Shutterfly is looking to refinance its looming debt pile with $1.875 billion of new junk bonds and loans.
Chevron CEO Wirth on Oil Prices, Strait of Hormuz, Venezuela
Chevron Chairman & CEO Mike Wirth discusses the impact of the war in Iran on oil prices and global supplies, multiple attacks this week on vessels transiting the Strait of Hormuz, the company’s view on Venezuela, and potential oil and gasoline shortages. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
FitzWalter Bought Bank Debt of Ailing 3i-Backed Fiber Operator
Special situations investor FitzWalter Capital has bought around half of the bank debt owed by struggling German fiber operator DNS:Net, according to people familiar with the matter.
Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty
Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor saysBusiness live – latest updatesThe Bank of England is in no rush to raise interest rates while the outcome of the Iran war remains uncertain and the UK’s growth rate stays weak, the governor, Andrew Bailey, said.In a signal that borrowing costs will remain at 3.75% at least during the summer, Bailey said it was tolerable for inflation to stay above the Bank’s 2% target during the current c...
Zambia Bonds Jump After 2053 Debt Buyback Tender Starts
Zambia launched a cash tender offer to buy back $1.36 billion bond due in 2053, becoming the latest African nation to repurchase outstanding debt as governments seek to reduce their servicing costs.
July, August Critical Months for Oil Inventories, Chevron CEO Says
Chevron CEO Mike Wirth discusses the impact of the war in Iran on oil prices and global supplies and says the company would not consider paying a toll to traverse the Strait of Hormuz. (Source: Bloomberg)
‘Two Sigma’ S&P Rally Signals Easy Money Has Already Been Made
The S&P 500 Index has returned to all-time highs, yet there’s no mistaking that Wall Street’s breathtaking two-month rally has slowed dramatically.
India’s Maritime Financier Readies Nation’s First Blue Bond
Sagarmala Finance Corp., a financier created to fund India’s maritime projects, is preparing to issue the country’s maiden blue bond to raise as much as 10 billion rupees ($105 million), according to a top official.
The $900 Billion Giant: How Anthropic Got So Big, So Fast
The artificial intelligence giant was just valued at $900 billion, surpassing OpenAI. Here are the numbers behind its rise — and headwinds it faces.
Billionaire Jamie Dimon Calls Mamdani’s Tax Proposals ‘Embarrassing’
BreakingBusinessBillionaire Jamie Dimon Calls Mamdani’s Tax Proposals ‘Embarrassing’ByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorMay 29, 2026, 08:21am EDTToplineJPMorgan Chase CEO Jamie Dimon on Friday criticized New York City Mayor Zohran Mamdani’s tax proposals, calling his policies “embarrassing,” as state legislators are set to vote on an additional tax on single-family homes worth $5 million or more. “Don’t try to raise more taxes or spen...
Sugar Climbs Most in a Month on Poor India Monsoon Rain Outlook
Sugar futures in New York posted the biggest gain in a month on concerns that an emerging El Niño weather pattern could curb rainfall and damage the cane crop in India, the world’s second-largest producer.
Unknown MAGA Warrior Upends Race for a Seat on Texas Oil Regulator
Hard-right candidate with little connection to the oil industry is primed to win a place on the Railroad Commission of Texas.
Oil prices fall on hopes of Strait of Hormuz reopening
Biggest monthly decline in Brent crude since 2020 comes amid signs US and Iran could be close to a deal
Eye-watering cost of Arsenal's Emirates Stadium revamp explained
Arsenal are set to spend more on extending the Emirates Stadium than it cost to build it in the first place
Mutual retailer triples boss’s pay to £2.2m despite fall in profits
OurCoop criticised by members after withholding annual profit-share payment despite soaring executive payOurCoop, the independent mutual which runs about 500 food stores across England, is facing criticism from members after it more than tripled the boss’s pay to £2.2m despite falling sales and profits.The chain, which is a separate company from the Co-op Group but relies on the much bigger business to supply some products, has not approved an annual profit-share payment to members this year, al...
Business services staff face redundancies at City law firm
City-based law firm Clyde & Co has launched a restructuring consultation for its business service staff as part of its ongoing strategy to centralise support operations into regional hubs. The firm is proposing to move certain services currently performed by teams within legal support, purchase-to-pay, and IT to its service centres in Glasgow and its third-party partner facility, Accenture’s service centre in Manila. The move, first reported by the legal publication Rollonfriday, affected a...
US Premarket Movers for May 29, 2026
S&P 500 Index futures rise 0.1% as of 7:31 a.m. in New York as traders wait to see whether the US and Iran can finally get a peace deal across the line.
The Food Pyramid Leaves Communities Behind: A Doctor’s Perspective
InnovationHealthcareThe Food Pyramid Leaves Communities Behind: A Doctor’s PerspectiveByLisa Fitzpatrick,Contributor.Forbes contributors publish independent expert analyses and insights. I write about public health and health innovation for the underserved Follow AuthorMay 29, 2026, 07:36am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Food backgrounds: overhead view of a large group of food. The composition includes gro...
Hershey Bull Sees World Cup, America 250 Lifting Chocolate Sales
Summer events including the FIFA World Cup and America’s 250th anniversary could spur sales of sweet treats, making now a key time to snap up beaten-down shares of Hershey Co., according to the candy and snack maker’s newest Wall Street bull.
Czech Billionaire Sees Potential to Boost TotalEnergies Stake
Czech billionaire Daniel Kretinsky said he’s open to increasing his holding in TotalEnergies SE, after gaining a stake in the French oil major last month.