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Microsoft Partner IREN Borrows $3.6 Billion for Nvidia Chips
IREN Ltd., a company that builds and operates data centers for training artificial intelligence models, borrowed about $3.6 billion to provide computing capacity to Microsoft Corp.
Can your Social Security be garnished after age 70?
MoneyWatch: Managing Your Money Can your Social Security be garnished after age 70? 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...
Petrobras Hikes Gasoline Prices After Brazil Subsidies Approved
Brazil’s oil producer Petrobras is increasing domestic gasoline prices for distributors after the government approved new subsidies to shield consumers from Iran war-fueled crude price hikes.
FTSE 100 slumps as US strikes test peace optimism
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Heartbreak as award-winning UK butchers collapses into liquidation after 30 years
Heartbreak as award-winning UK butchers collapses into liquidation after 30 yearsThe independent butcher has entered voluntary liquidation after over 30 years. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Jennifer Pinto, Audience writer 17:12, Thu, May 28, 2026 Updated: 17:14, Thu, May 28, 2026 According to the website, the shop had been trading in Godalming High Street for over 30 years (Image: Getty)A...
US inflation rose at fastest pace in three years in April as Iran war hikes up prices
Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midtermsUS inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists’ views that the Federal Reserve could hold interest rates unchanged well into next year.Surging price pressures are eroding household income and could restrain consumer spending and economic growth this quarter. Income at the disposal of hou...
Frank Land obituary
Business computer pioneer and the UK’s first professor of information systems November 2026 will mark the 75th anniversary of the world’s first commercial job run on a stored program computer. On 29 November 1951, the Bakery Valuations job calculated the costs, earnings and margins of the baked goods produced by J Lyons & Co, which was then the UK’s largest catering firm and the first business in the world to use a computer to support its operations.Lyons recruited a programming team to work on...
AI Insurance Startup Corgi Doubles Valuation To $2.6 Billion In Weeks
Welcome to the frenzied world of AI, where a two-year-old startup founded by a 26-year-old can have a company-owned dog, run a 24-hour cafe and raise $106 million about a month after becoming a unicorn.
AI Coding Power Users Are Churning Out 46X More Code Than The Rest
InnovationEditors' PickAI Coding Power Users Are Churning Out 46X More Code Than The RestCursor says the biggest productivity gains in AI coding are being made by developers who can orchestrate autonomous agents, not just prompt chatbots. But there’s a downside to the genuine leap: high-velocity slop.ByAnna Tong,Forbes StaffandRichard Nieva,Senior Writer.Follow AuthorsMay 28, 2026, 12:00pm EDT@font-face{font-family: "Schnyder"; src: url("https://i.forbesimg.com/assets/fonts/schnyders/schnyders-b...
Burnham hits back at Blair with more state control for ‘good growth’
Andy Burnham has called for stronger state intervention in the economy to deliver what he calls “good growth,” lashing back at Tony Blair’s blueprint for Labour’s future direction. The Greater Manchester mayor conceded areas of agreement with the three-time election winner — notably on the importance of economic growth— but accused Blair of a “gaping omission” in failing to address stagnant living standards since the 2008 financial crisis. Burnham distanced himself from Blair’s approach on...
US Stocks Reverse Losses on Iran Deal Report as Oil Pares Gains
Stocks rebounded from earlier losses on Thursday, as investors reacted to a reported deal between the US and Iran.
Why Markets Are Ignoring Bad News
Ardian Co-CEO Mark Benedetti joined Bloomberg Open Interest to explain why markets keep hitting record highs despite wars, inflation, and rate uncertainty. He breaks down the massive shift that's happening inside private markets, why diversification is making a comeback, and how the booming secondary market could become a $300 billion industry. (Source: Bloomberg)
Rethinking The Post-Booking Opportunity In Airline Retailing
InnovationRethinking The Post-Booking Opportunity In Airline RetailingByJuan Pablo Lafosse,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 28, 2026, 11:30am EDTBy Juan Pablo Lafosse, CEO, TravelX. gettyFor most of my career in the travel industry, I've seen the airlines' revenue management teams prioritize their focus entirely on pre-booking opti...
Inflation hits highest level in nearly 3 years, Fed's preferred gauge shows
Inflation rose for the second consecutive month as the Iran war drove up gas prices.
Two US benefits fraudsters arrested after stealing more than $21MILLION from American taxpayers
Two benefits fraudsters in the United States have been arrested after stealing more than $21million from American taxpayers.The pair are facing eight counts of healthcare fraud as well as two further counts of money laundering.Shamso Ahmed Hassan and Hanaan Mursal Yusuf are suspected of swindling the massive sum from US citizens by submitting false and fraudulent claims to Medicaid. Medicaid is a federal-state partnership which hands out discounted health insurance to Americans across the countr...
Self-employed people making over £20,000 ‘encouraged’ to get income down to avoid new tax rules
New rules for self-employed workers and landlords risk creating another “cliff edge” that tempts people to limit their earnings, tax experts have warned. From 6 April 2026, sole traders and landlords with a qualifying income of more than £50,000 must keep digital records and send quarterly summaries of their income and expenses to HMRC under the Making Tax Digital (MTD) rules. The threshold will fall to £30,000 from April 2027 and £20,000 from April 2028. The updates are not the same as filing...
Copasa Relaunches Share Offering After Bids Came Below Minimum
Cia de Saneamento de Minas Gerais announced new terms for its privatization process, after two bids for a 30% stake in the Brazilian water utility came in below the government’s expectations.
Martin Lewis issues urgent energy bill guidance for households ahead of £211 hikes
Millions of households across Britain are facing higher energy bills from July 1 after the energy price cap was confirmed to rise by 13 per cent.Gas prices are expected to see the largest increase, rising by 24 per cent under the latest changes.For a typical household using gas and electricity and paying by direct debit, annual energy costs will increase to £1,862.The rise represents an increase of £221 compared with current levels and is expected to add around £18 per month to household bills....
Dollar Falls Against Major Peers on Report of US-Iran Deal
The dollar fell against all of its major peers after a report that the US and Iran reached an agreement to extend a ceasefire, pending the approval of President Donald Trump.
KBRA Assigns Preliminary Ratings to Oban Cards 2026-1 PLC
KBRA UK (KBRA) assigns preliminary ratings to five classes of notes to be issued under the Oban master trust structure, a UK credit card ABS programme backed by receivables originated and serviced by Vanquis Bank Limited (Vanquis Bank, the Company or the Servicer). The issuance relates to Series 2026-1 (the Series), which will be issued by Oban Cards 2026-1 plc. Credit enhancement for the rated notes consists primarily of subordination of junior note classes, excess spread generated by the rece...