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Fed's Jefferson Warns Inflation Risks Are Tilted to the Upside
Federal Reserve Vice Chair Philip Jefferson says he expects inflation to cool later this year as the effects of tariffs and higher energy costs wear off but cautions that inflationary risks remain tilted to the upside. He speaks at a conference hosted by the Bank of Japan in Tokyo. (Source: Bloomberg)
Bank of Canada Says Markets More Vulnerable to Sharp Correction
The Bank of Canada said the financial system has functioned well through recent global shocks, but highlighted the risk of an asset price correction as well as vulnerabilities related to the role hedge funds are playing in debt markets.
Treasuries’ Oil-Driven Selloff Stalls as Inflation Gauge Slows
Treasuries rallied back to be little-changed on the day, erasing earlier declines spurred by higher oil prices, after a key US inflation gauge rose less than expected.
Fed’s Williams Says Rates Impact of Productivity Boom Is Unclear
Federal Reserve Bank of New York President John Williams says the answer to whether a lift in productivity will ultimately impact interest rates and the central bank’s policymaking is, “unsurprisingly, it depends.” Williams spoke Thursday at a central banking conference in Iceland. (Source: Bloomberg)
Temu Hit With Fine in E.U. Over Sales of Unsafe Goods
The Chinese e-commerce platform faces a penalty of more than $230 million for selling baby toys and other products the European Commission said could harm consumers.
Bridgepoint Raises €5 Billion for European Direct Lending Fund
Bridgepoint Group Plc is set to raise about €5 billion ($5.8 billion) to target financing opportunities in Europe’s direct lending market, people with knowledge of the matter said.
No easy solutions to fix youth unemployment crisis, says ex-Labour minister
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How Britain’s most resilient founders turn failures into fuel
At SCALE EXPO & SUMMIT on 22 April, business journalist Dougal Shaw brought together three entrepreneurs to talk about setbacks and comebacks – the theme of his new book, Fail Smarter. Failure is not something most of us talk about at business events. When you’re pitching to investors, winning over customers, or convincing talented people to join your startup, the success narrative is everything. But according to Dougal Shaw, keeping our mouths firmly shut about failure is a problem, and it’...
Cuba Loses Its Chance at Fuel After Russian Tanker Changes Route
A Russian tanker seemingly en route to Cuba with a lifeline of fuel has changed direction, a painful development for the island suffering under a U.S. oil blockade.
Gold Rush: Did CIA agent steal $40m in gold bars via work expenses?
FBI says ex-CIA official David Rush repeatedly lied about his credentials in US government job applications.
US Consumer Spending Increases as Inflation Accelerates
US consumer spending edged up in April, as inflation-adjusted consumer spending rose 0.1% last month, with annual inflation accelerating to the highest level since 2023 on increased energy prices. Michael McKee breaks down the data on Bloomberg Television. (Source: Bloomberg)
Caesars—A Las Vegas Landmark—Will Be Sold For Nearly $6 Billion
BreakingBusinessCaesars—A Las Vegas Landmark—Will Be Sold For Nearly $6 BillionByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 28, 2026, 09:16am EDTToplineTilman Fertitta, Trump's ambassador to Italy and billionaire real estate mogul, is buying Caesars Entertainment for $5.7 billion, folding one of the Las Vegas Strip's most recognizable operators into his sprawling empire that already includes the NBA's Houston Rockets, Golden Nugget casinos and Landry's restaurants. WASHINGTO...
Actis Raises $2.5 Billion at Energy Fund’s First Close
Actis has raised $2.5 billion at first close for its flagship energy fund, putting it about 40% of the way to its goal, people with knowledge of the matter said.
US Funding Markets Are Flooded With Cash That’s Here to Stay
An abundance of cash in US funding markets appears to be driven by deeper structural shifts that are unlocking billions of dollars in balance-sheet capacity at the biggest banks, Wall Street strategists say.
Argentine Provinces Tap Global Markets That Sovereign Avoids
Argentine provinces are tapping global bond markets at the fastest pace in nearly a decade, even as the federal government sticks to short-term debt in the local market amid investor fears over the 2027 elections.
Bitter Harvest: How The Iran Crisis Is Altering Fertilizer Markets
BusinessEnergyBitter Harvest: How The Iran Crisis Is Altering Fertilizer MarketsByAriel Cohen,Contributor.Forbes contributors publish independent expert analyses and insights. Ariel Cohen is a D.C.-based contributor who covers energy and securityFollow AuthorMay 28, 2026, 09:00am EDTMalnutrition is set to explode due to a global fertilizer supply squeeze.gettyWarfare in the Persian Gulf is hitting markets well beyond oil and gas. Disruptions near the southern Iranian coastal city of Bandar Abbas...
Southampton must be 'careful' over finances - Maguire
Southampton must be 'careful' over finances - MaguireImage source, Getty ImagesImage caption, Southampton were expelled from the Championship play-off finalByAllan ValenteBBC Sport EnglandPublished7 minutes agoSouthampton must be "very careful" over their debts and fiscal position after the Spygate scandal which cost them a chance of returning to the Premier League, says football finance expert Kieran Maguire.Saints were expelled from the Championship play-offs after admitting observing opponent...
Fed’s Williams Says Unclear How Productivity Boom Impacts Rates
Federal Reserve Bank of New York President John Williams said it’s unclear how a lift in productivity will ultimately impact interest rates and the central bank’s policymaking.
Indonesia’s erratic president grabs the country’s commodity exports
Facing a tumbling currency, Prabowo Subianto announces a vast new agency to sell resources to the world
Youth unemployment report chief rejects ‘snowflake generation’ label as he calls for ‘whole system reset’ over crisis
Youth unemployment report chief Alan Milburn has rejected the notion that a “snowflake generation” is responsible for Britain's youth unemployment crisis.The former Labour Health Secretary, who is leading an investigation into young people not in work, training or education (Neets), declared that a “whole system reset” was required to fix the issue. Mr Milburn was speaking to GB News as it was announced that youth joblessness has shot to a record post-pandemic high.An estimated 1.012 million peo...