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How much interest can a $40,000 short-term CD earn now (and is it worth opening)?
MoneyWatch: Managing Your Money How much interest can a $40,000 short-term CD earn now (and is it worth opening)? 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section...
'I have fired hundreds of employees': ClickUp CEO Zeb Evans says in memo
ClickUp CEO Zeb Evans announced a 22% workforce reduction, framing it as a proactive restructuring for a "100x org" driven by AI. The company is introducing $1 million salary bands for employees who significantly impact AI systems, emphasizing a shift towards rewarding outsized contributions rather than cost-cutting.
Stocks Eye Longest Weekly Run Since 2023 | Open Interest 5/22/2026
Get a jump start on the US trading day with Matt Miller on "Bloomberg Open Interest." Stocks ride AI optimism toward their longest winning streak since 2023, while hopes for a US and Iran peace deal lift markets. SpaceX delays a key Starship test after filing for a record IPO. Plus, Christopher Waller’s inflation warning, Axon’s AI push, the future of fintech, retail’s K-shaped economy, and Chrysler’s affordability pivot. (Source: Bloomberg)
Puig Falls After Estee Lauder Deal Fails
Puig Brands plunged on Friday following the collapse of a proposed combination with Estee Lauder Cos. that would have created one of the world’s largest fragrance and skincare companies. Deborah Aitken, Bloomberg Intelligence Luxury Goods Analyst discussed the merger with Scarlet Fu and Isabelle Lee. (Source: Bloomberg)
UK pitched single market for goods with EU, as it pursues deeper trade ties
Exclusive: Top official presented idea in Brussels, but sources say EU rebuffed itThe UK government pitched the creation of a single market for goods with the EU as the cornerstone of an ambitious attempt to reintegrate British trade back into Europe, the Guardian can reveal.During recent visits to Brussels, the Cabinet Office’s top official on EU relations, Michael Ellam, presented the idea to deepen the UK’s economic relationship with the bloc. Continue reading...
The best Memorial Day sales you can shop this weekend
Memorial Day is nearly here, meaning the seasonal sales are in full swing. If your weekend plans involve pool parties or barbecues, now is a great time to pick up a portable speaker or set of solar lights, as many of our favorite models are currently on sale. You can also find deals on everything from 4K OLED TVs and noise-canceling earbuds to tents, robot vacuums, and plenty of our favorite everyday essentials. To give you more options, we’ve also included a selection of deals from re...
Trafigura Withdraws Huge Volumes of Copper From LME Warehouses
Trafigura Group has moved to withdraw hundreds of millions of dollars of copper from London Metal Exchange warehouses as lucrative trading opportunities emerge in the US and China, according to people familiar with the matter.
FTSE 100 edges up amid cautious US-Iran optimism
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Central Africa States Rule Out CFA Franc Devaluation, Governor Says
Central African countries have no plans to devalue their common currency despite economic pressure caused by weak growth and low foreign-exchange reserves, according to Bank of Central African States Governor Yvon Sana Bangui.
Retail’s K-Shaped Economy
Inflation is exposing a major divide in the US economy according to Citi Retailing and Hardlines Analyst Steven Zaccone, He joins Bloomberg Open Interest to explain why wealthy consumers keep spending while lower-income shoppers struggle with rising gas and living costs. From Walmart and BJ’s to Williams-Sonoma and AutoZone, we look at the retail winners and losers in today’s “K-shaped” economy. (Source: Bloomberg)
India's tryst with oil shocks: Why one commodity kept reshaping policy
India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.
This factor may determine whether you get rich. You don't control it.
MoneyWatch This factor may determine whether you ever build wealth. You have no control over it. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Report...
Stew Leonard Jr. reacts to inflation impact as grocery prices grow
Stew Leonard Jr., the president and CEO of the Stew Leonard's grocery chain, joins CBS News to discuss navigating inflation and its impact.
Cannabis Companies Were Taxed Like Drug Traffickers For Years. A New Federal Order Could Unlock Billions
LifestyleVicesCannabis Companies Were Taxed Like Drug Traffickers For Years. A New Federal Order Could Unlock BillionsByJavier Hasse,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Javier Hasse is a cannabis and psychedelics reporter and book author.Follow AuthorMay 22, 2026, 12:00pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.The legal cannabis industry generated billions in re...
RBI's record dividend payout of Rs 2.87L cr: How will it help govt amid Middle East crisis?
The Reserve Bank of India (RBI) has announced a record dividend payout of Rs 2.87 lakh crore to the government for FY 2026-27. The payout comes at a time when the economy is dealing with the effects of the US-Iran war and global oil price shock.
Chinese fast-fashion company Shein to buy eco-friendly retailer Everlane
Everlane CEO confirms sale in letter to employees and says it will stay true to ‘sustainability’ commitmentsEverlane, the retailer that bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion, China’s Shein.A letter to Everlane employees from CEO Alfred Chang confirming the deal was obtained by the Associated Press on Friday. Continue reading...
Economic confidence plummets in US amid Iran war, poll shows
As petrol prices rise, new survey suggests economic confidence in the US is at -45, the worst since 2022.
Shein buys Everlane, which sold millennials the dream of ethical, affordable luxury
Everlane's finances have faltered in recent years. But will the merger alienate Everlane's existing shoppers — or sway droves of Shein fans to trade up?(Image credit: Smith Collection/Gado/Getty Images)
Traders Bet Warsh's Fed Will Hike Rates by December
Bond traders are fully pricing in an interest-rate hike by the Federal Reserve this year, a sign of conviction in the market that incoming Chair Kevin Warsh will need to move quickly to combat inflation. Traders boosted their bets for higher rates on Friday after Fed Governor Christopher Waller said he supports making clear the central bank’s next interest-rate move is just as likely to be an increase as a cut. Interest-rate swaps imply that the market sees the Fed’s benchmark rate at least 25...
Boss Silva will decide Fulham future next week
Boss Silva will decide Fulham future next weekImage source, Getty ImagesImage caption, Marco Silva has also managed Hull City, Watford and EvertonPublished6 minutes agoCommentsFulham boss Marco Silva has promised he will make make a decision on his future next week.The 48-year-old Portuguese's contract at Craven Cottage expires at the end of June and the club are keen to keep him, offering a new three-year deal.Silva, who was appointed in 2021, was linked with the Chelsea job before former Liver...