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Bank boss issues groveling apology after using disturbing dystopian term for lower-paid workers
Bank boss issues groveling apology after using disturbing dystopian term for lower-paid workersSign up for our US Editor's Picks newsletter to get all the best exclusive stories READ MORE: The never before published details behind JFK Jr and Carolyn Bessette's tragic crash See more Daily Mail on Google - save us as a Preferred SourceBy ALYSSA GUZMAN, US NEWS REPORTER and REUTERS Published: 21:50, 22 May 2026 | Updated: 21:53, 22 May 2026 e-mail View comments
How VCs and founders use inflated ‘ARR’ to kingmake AI startups
Last month, Scott Stevenson, co-founder and CEO of the legal AI startup Spellbook, took to X in an effort to expose what he called a “huge scam” among AI startups: inflation of the revenue figures that they announce publicly. “The reason many AI startups are crushing revenue records is because they are using a dishonest metric. The biggest funds in the world are supporting this and misleading journalists for PR coverage,” he wrote in his tweet.
Muni Bond Sales Surge in 2026
Bloomberg's Aashah Shah joins Scarlet Fu on "Bloomberg Real Yield." May has been a strong month for muni bond issuance, with about $35 billion of sales so far this year. This month has seen the most debt for a similar period in May since at least 2015, Bloomberg data show. (Source: Bloomberg)
Credit Entry Points Incredibly Attractive: Steinbach
Margaret Steinbach, fixed income director at Capital Group, and Warren Pierson, co-chief investment officer of the Baird Funds, join Scarlet Fu on "Bloomberg Real Yield." Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor unease is building. (Source: Bloomberg)
New York Tax on NYC Cash Home Purchases Close to Collapsing
Bloomberg's Nacha Cattan joins Scarlet Fu on "Bloomberg Real Yield." A proposal to levy a new tax on all-cash real estate transactions over $1 million in New York City is likely to be dropped from the state budget, according to people familiar with the negotiations. (Source: Bloomberg)
Global Long Bond Yields Hit Highest in Almost Two Decades
Subadra Rajappa, head of US rates strategy at Société Générale, joins Scarlet Fu on "Bloomberg Real Yield." The selloff in longer-maturity government bonds has pushed up yields to levels last seen during the global financial crisis, and market participants are warning the move has room to run. (Source: Bloomberg)
Warsh Most Hawkish Fed Nominee in 20 Yrs.: Desai
Sonal Desai, CIO of Franklin Templeton Fixed Income, joins Scarlet Fu on "Bloomberg Real Yield." Kevin Warsh, who has promised the biggest shakeup in decades at the US central bank, was sworn into office Friday in a White House ceremony as the 17th chair of the Fed. (Source: Bloomberg)
Govt reduces petrol by Rs6 per litre, high-speed diesel by Rs6.8
The government reduced the price of petrol by Rs6 per litre and that of high-speed diesel (HSD) by Rs6.8 on Friday. Following the decrease, the price of petrol stands at Rs403.78 per litre and HSD’s at Rs402.78. The Petroleum Division’s press release notifying the decrease said the new prices would be effective from May 23. Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-speed...
Starbucks Drops AI As Meta And Intuit Cut 11,000 Jobs
InnovationAIStarbucks Drops AI As Meta And Intuit Cut 11,000 JobsBySandy Carter,Contributor.Forbes contributors publish independent expert analyses and insights. Sandy Carter, COO at Unstoppable, Top 10 Microsoft MSN AI EntrepreneurFollow AuthorMay 22, 2026, 03:03pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Mega tech companies are firing humans, while others like Starbucks are actually firing their AI systems! (Photo...
H-1B Visa Applications Drop 38%. Trump Administration Says Days Of Abuse Over
Data released by the US Citizenship and Immigration Services (USCIS) showed that properly submitted H-1B registrations fell by 38.5 per cent compared to last year, from 343,981 in fiscal year 2026 to 211,600 for fiscal year 2027.
Amazon Memorial Day Sale: 51+ deals up to 69% off
SelectThe 51+ best Amazon Memorial Day deals: Save up to 69% on Casper, Ninja, EltaMD and moreSome staff-tested staples are deeply discounted right now.May 22, 2026, 3:00 PM EDTHarry RabinowitzTech ReporterSkip to table of contentsYou don’t have to be an Amazon Prime member to shop the retailer’s Memorial Day sale. Vivian Le / NBCMemorial Day 2026 is almost here, and Amazon has some of the best deals of the holiday weekend. If you’ve been eyeing a new mattress, home appliances or other big ticke...
How much emergency savings should you keep while paying off debt
Sponsored MoneyWatch: Managing Your Money How much emergency savings should you keep while paying off debt? 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, whe...
Cale Makar, Tracy Evans net worth 2026: Earnings, lifestyle and investments
The 2026 NHL buzz is also coming from Cale Makar and Tracy Evans, whose wealth, endorsements and profile are on the rise. The Colorado Avalanche star and his wife are still a hot topic in hockey after they tied the knot in 2024. That’s a lot of pressure on the couple’s estimated net worth. Makar’s net worth from his NHL salary, endorsement deals and future contract value has all reached the $13.5 million mark a year.
Kevin Warsh sworn in as new Federal Reserve chair, Trump insists he'll remain independent
Kevin Warsh was sworn in as the new Federal Reserve chair on Friday, replacing Jerome Powell. During the ceremony, President Trump insisted Warsh will remain independent as he navigates inflation and other U.S. economic concerns. CBS News' Ed O'Keefe and Emily Pandise report.
Mahmoud Khalil’s attorneys to turn to US supreme court after ruling paves way for deportation
Move comes after federal appeals court upholds ruling that opens door for government to detain and deport KhalilAttorneys for Mahmoud Khalil, the former Columbia University student who last year became the face of the Trump administration’s crackdown on pro-Palestine speech, will ask the US supreme court to intervene after a federal appeals court opened the door for the government to once again detain and ultimately deport him.On Friday, the third circuit court of appeals upheld a January ruling...
Kevin Warsh Sworn In As Fed Chair | Real Yield 5/22/2026
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Societe Generale Americas Head of Research Subadra Rajappa, Franklin Templeton Fixed Income CIO Sonal Desai, Capital Group Fixed Income Asset Class Lead Margaret Steinbach, and Baird Funds Co-Chief Investment Officer Warren Pierson. (Source: Bloomberg)
CEO of British bank is forced to apologise after coldly vowing to replace 'lower-value human capital' with AI
CEO of British bank is forced to apologise after coldly vowing to replace 'lower-value human capital' with AISee more Daily Mail on Google - save us as a Preferred SourceBy SABRINA PENTY, FOREIGN NEWS REPORTER and SARA MCGIFF, US REAL ESTATE & CONSUMER REPORTER Published: 19:07, 22 May 2026 | Updated: 19:07, 22 May 2026 e-mail View comments
Goldman Sachs CEO Says Fears Of Mass Unemployment From AI Are ‘Overblown’
BreakingBusinessGoldman Sachs CEO Says Fears Of Mass Unemployment From AI Are ‘Overblown’ByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorMay 22, 2026, 02:07pm EDTToplineGoldman Sachs chief David Solomon believes concerns about advancements in artificial intelligence sparking a wave of mass unemployment are “overblown,” writing in a New York Times guest essay that the U.S. will be able to adapt and expand its workforce to AI advancement...
Zoom Jumps on Sales Forecast Topping Estimates
Shares of Zoom jumped after the company raised its full-year forecast for both adjusted earnings and revenue, prompting an upgrade at KeyBanc and higher price targets at both RBC and Baird. Zoom CFO Michelle Chang joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Kevin Warsh Sworn in as New Federal Reserve Chair
Kevin Warsh was sworn in as the 17th chair of the federal reserve in a ceremony at the White House Friday. Speaking after taking his oath, Warsh called it the 'honor of a lifetime' to re-enter public service and promised that he will lead a 'reform-oriented' Fed. Despite fears around Fed independence, President Trump told Warsh to 'just do your own thing and do a great job.' (Source: Bloomberg)