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First Thing: Huge climate cost of emissions from US immigration enforcement flights
Trump’s mass deportation campaign is accelerating the climate crisis. Plus, US students on why they booed their pro-AI graduation speakersGood morning.Donald Trump’s mass deportation campaign has spurred at least an 80% increase in immigration flights year over year, accelerating the climate crisis by emitting massive amounts of carbon dioxide, according to data analysis shared exclusively with the Guardian.How much carbon is ICE emitting through deportation flights? US Immigration and Customs E...
Global Bond Market Risks with Pooja Kumra
In a May 26, 2026 interview, Pooja Kumra, Senior European and UK Rates Strategist at TD Securities, discussed how global bond markets are reacting to higher oil prices, lingering stagflation fears, and fiscal concerns. She noted that recent yield moves are driven more by real yields than inflation expectations, with long-end bond markets carrying much of the stagflation premium. (Source: Bloomberg)
Markets Weigh Strait Reopening: Franklin Templeton's Dudley
Katrina Dudley, Senior Investment Strategist at Franklin Templeton, discussed the market's current focus on a potential de-escalation trade linked to the reopening of a key strait, which is critical for easing inflation pressures driven by elevated energy prices. She highlighted that persistent high oil prices, about $30 above pre-war levels for three months, are fueling inflation expectations and impacting consumers directly, as evidenced by sticker shock at gas pumps and rising grocery prices....
Elon Musk’s friend who lent Tesla $1 million could make big from SpaceX IPO
Elon Musk's close friend, Antonio Gracias, who once lent $1 million to a struggling Tesla, stands to gain billions from SpaceX's upcoming IPO. Gracias's firm, Valor Equity Partners, holds a significant stake, potentially worth over $90 billion. However, recent equipment lease deals between SpaceX and Valor, involving AI infrastructure, have raised corporate governance concerns and scrutiny over related-party transactions.
UK production faces major blow as Nissan axes electric car powertrain project in Sunderland
Nissan has confirmed that it will axe one of its key electric car manufacturing goals in the UK as part of a reset of its global strategy.The Japanese car giant will no longer localise the production of its 3-in-1 electric vehicle powertrain at its Sunderland facility.Jatco, a subsidiary of Nissan, officially opened its manufacturing plant on the International Advanced Manufacturing Park (IAMP) in January last year.It announced that it would produce a 3-in-1 EV powertrain for Nissan's Sunderland...
How To Keep Your Factory From Forgetting How To Run
BusinessManufacturingHow To Keep Your Factory From Forgetting How To RunByEthan Karp,Contributor.Forbes contributors publish independent expert analyses and insights. I write about transforming businesses through technology & innovation.Follow AuthorMay 26, 2026, 08:11am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.A new MAGNET report on managing manufacturing’s multigenerational workforce makes the risk plain: institut...
How to get your money back when a pair of expensive trainers doesn't last
Every week, we help a reader with their financial issue or consumer dispute in our Money Problem series. Today, we are tackling this one from Laura.
BP removes chairman Albert Manifold after ‘serious concerns’ over conduct
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Labor to announce easing of jobseeker mutual obligations requirements in major overhaul of employment system
Employment minister Amanda Rishworth plans to move system from a ‘one size fits all’ employment services model to three streams of supportGet our breaking news email, free app or daily news podcastThe Albanese government has flagged a major overhaul of Australia’s employment system, with minister Amanda Rishworth on Wednesday expected to outline plans to ease Centrelink’s much-maligned mutual obligations regime.Rishworth is expected to tell the National Press Club that mutual obligation requirem...
BP Ousts Chairman, Citing ‘Serious Concerns’ Over Conduct
The British oil group said that Albert Manifold had been removed, after concerns were raised “related to important governance standards, oversight and conduct.”
Hungary Holds Its Key Interest Rate With June Cut Seen in Play
Hungary’s central bank kept its key interest rate unchanged at the second-highest level in the European Union, before potentially weighing monetary easing next month.
Amazon fulfillment competitor Stord raises $250M at $3B valuation
E-commerce logistics company Stord has raised a $250 million round at a $3 billion valuation, it announced Tuesday. This doubles its valuation from a year-ago round. The new funding was led by Strike Capital with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, and Bond.
Huge rise in factory-style dairy farming of ‘battery cows’ in UK as costs rise
Investigation finds number of dairy farms where cows cannot go outside has more than doubled since 2015There has been a huge rise in factory-style dairy farming of “battery cows” in the UK as farmers struggle with increasing costs and face selling milk at a loss.The number of intensive dairy farms that permanently confine some of their cattle indoors has more than doubled in the past 10 years, an investigation by the Bureau of Investigative Journalism (BIJ) has found. Data suggests there are now...
The new middle-class dilemma: You earn well, so why does life still feel expensive?
Young Indian professionals earn more than ever, yet face rising costs, unaffordable housing, and job insecurity due to AI. This new middle class grapples with maintaining a curated online image while managing internal anxieties about financial stability and professional relevance in a rapidly evolving economy.
Russia’s Key Black Sea Port Loads Crude After Ukraine’s Attack
Russia’s key Black Sea oil export terminal, targeted by Ukrainian drones over the weekend, is loading crude, according to satellite data.
US Premarket Movers for May 26, 2026
S&P 500 Index futures rise 0.6% as of 7:47 a.m. in New York as investors remained hopeful that the latest American strikes on Iran won’t derail talks to end the Middle East conflict.
Sales jump at homeware retailer Dusk despite pressure on shoppers
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SEBI Plans New Measures to Deepen India’s Corporate Bond Market
India’s capital markets regulator is working on measures to strengthen the local-currency bond segment as it seeks to cut companies’ reliance on bank loans and support the nation’s push towards a developed economy.
Orchestrating Your AI-Powered Supply Chain For Growth And Profitability
As supply chain disruptions intensify, AI-powered orchestration is helping organizations move beyond fragmented systems and reactive firefighting toward real-time coordination, faster decisions and more resilient operations.
Not Yet the Time to Go All-In on Long-End Yields, Sonal Desai Says
Sonal Desai, executive VP at Franklin Templeton Fixed Income, views the Federal Reserve as “very, very dovish” and says the market is not pricing in realistically what long-end yields would be. (Source: Bloomberg)