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Home Buyers Hit as Bond Rout Drives Rates Higher
Since the oil-price shock from President Donald Trump’s Iran war unleashed the biggest jump in inflation since 2023, bond prices have tumbled, pushing yields on some US government debt to the highest levels in nearly two decades. The rate on 10-year Treasuries, which sets the floor for mortgages, has climbed to around 4.6%, with traders saying 5% is within reach. Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, joins to discuss rates breaking through key technical levels, what's r...
Boll & Branch Expands Store Network To Blanket The Country In Luxury Sleep
BusinessRetailBoll & Branch Expands Store Network To Blanket The Country In Luxury SleepByPamela N. Danziger,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market.Follow AuthorMay 21, 2026, 12:45pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.SummaryLuxury home textiles brand Boll & Branch is rapidly expanding its ph...
Fidelity Collective Buys Up Westone Audio And Etymotic Brands
InnovationConsumer TechFidelity Collective Buys Up Westone Audio And Etymotic BrandsByMark Sparrow,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Technology journalist specializing in audio, computing and Apple Macs.Follow AuthorMay 21, 2026, 12:45pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.The flagship Westone AM Pro X 30 contains three balanced armature for a wider frequen...
National Lottery creates own coin as nearly two-thirds of Britons stop carrying cash
The National Lottery has unveiled specially designed coins intended for use when scratching lottery tickets, after new research revealed nearly two-thirds of the British public no longer routinely carry cash.The limited-edition tokens, marginally bigger than a standard £2 coin, were introduced following findings that 65 per cent of people rarely have cash on their person nowadays.Each scratch-coin displays the lottery's recognisable crossed-fingers emblem alongside its "It could be you" tagline....
Why AI Profitability Belongs To Enterprise, Not Consumer Scale
InnovationAIWhy AI Profitability Belongs To Enterprise, Not Consumer ScaleByPaulo Carvão,Contributor.Forbes contributors publish independent expert analyses and insights. Paulo Carvão is a Senior Fellow at HarvardFollow AuthorMay 21, 2026, 12:32pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.As OpenAI and Anthropic race toward public listings, their financials tell opposite stories. One company has found AI profitabilit...
Mamdani's Tax Plans May Hurt New York, Dimon Says
"People think that somehow being anti-business is going to help the city, it’s not." JPMorgan CEO Jamie Dimon criticized plans by New York Mayor Zohran Mamdani to place more taxes on the rich. (Source: Bloomberg)
Hardworking realtor mom-of-one, 43, is killed by suspected drunk driver just a mile away from her home
Hardworking realtor mom-of-one, 43, is killed by suspected drunk driver just a mile away from her home Sign up for our US Editor's Picks newsletter to get all the best exclusive storiesSee more Daily Mail on Google - save us as a Preferred SourceBy SOPHIE GABLE, US REPORTER Published: 17:28, 21 May 2026 | Updated: 17:28, 21 May 2026 e-mail View comments
Bloomberg Surveillance 5/21/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Turkey’s FX Sales Reach $6 Billion After Opposition Ruling
Turkish state lenders sold about $6 billion to defend the lira on Thursday, about half shortly after a court decision that removed the main opposition party’s leadership, according to traders familiar with the transactions.
Quiz to shut all 37 stores by end of June after administration
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StraightPath Founders Get Prison for $386 Million Pre-IPO Fraud
The founders of StraightPath Venture Partners LLC were sentenced to years in prison for defrauding investors who gave them $386 million to supposedly invest cheaply in hot companies about to go public.
BlackRock Latam ETF Sees Outflows on AI Shift, Local Politics
Investors are selling the largest exchange-traded fund tracking Latin American stocks at the fastest pace in years as mounting political uncertainty across the region and the artificial-intelligence trade in Asia prompt money managers to rethink their exposure.
Fed’s Barkin Says Repeated Supply Shocks Test Inflation Anchor
Federal Reserve Bank of Richmond President Tom Barkin said the ability of businesses and consumers to tolerate the latest in a series of supply shocks will determine whether the US central bank can continue to “look through” higher inflation without raising interest rates.
I tried the viral K-Beauty brand loved by Kylie Jenner, and it transformed my skin
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Oil markets nearing ‘red zone’ as holiday season nears, warns IEA chief
Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by AugustOil markets will enter “red zone” by July and August as stocks dwindle before the summer travel season amid a shortage of fresh oil exports from the Middle East, the executive director of the International Energy Authority warned on Thursday.Fatih Birol added that the most important solution to the Iran war energy shock was a full and unconditional reopening of the strait of Hormuz. Continue re...
Former boss of collapsed investment firm jailed for illegally selling hot tub
Michael Thomson admitted to breaching a restraining order by selling a range of luxury itemsThe former boss of collapsed investment firm London Capital & Finance (LC&F) has been imprisoned for six months for contempt of court, after admitting breaching a restraining order by selling luxury items including horse saddles and a hot tub.Michael Thomson’s actions were characterised by Judge Milne as an attack on the administration of justice. Thomson was sentenced alongside his wife, Debbie, who also...
Single-sex spaces guidance finally published more than a year after landmark Supreme Court ruling
New guidance has finally been laid out on single-sex spaces to ensure the protection of “people’s rights across our country." The updated guidance has been published more than a year after a landmark Supreme Court ruling in April 2025 which said the words “woman” and “sex” in the Equality Act 2010 refer to a biological woman and biological sex.Women and equalities minister Bridget Phillipson said that ruling had “made it clear that sex means biological sex” under the Equality Act, “and that tran...
Trump Advisor Predicts Gas Price Drop
Jarrod Agen, Executive Director of National Energy Dominance Council and President Trump's energy advisor joined Bloomberg Open Interest to talk about how gas prices will drop fast once the Strait of Hormuz reopens. He also defends the administration’s aggressive “Drill Baby Drill” agenda. Agen touts record oil lease sales, LNG expansion, Alaska drilling, and a possible gas tax holiday as America races for “energy dominance.” (Source: Bloomberg)
For Bitcoin ETF Holders, a Market Recovery Is a Reason to Sell
Bitcoin’s bad stretch of ETF outflows has exposed an uncomfortable dynamic in the crypto market’s structure: the price level that should draw buyers back in is the one that also prompts some of the heaviest selling.
Walmart warns US shoppers are cutting spending as higher gas prices bite
Walmart warns US shoppers are cutting spending as higher gas prices biteJust nowShareSaveAdd as preferred on GoogleArchie MitchellBusiness reporterGetty ImagesWalmart has warned higher gas prices are causing US consumers to cut spending elsewhere as the war with Iran continues to squeeze household budgets.The retail giant expects its sales growth between May and July to slow significantly from the previous three months, with higher prices at the pump to blame.The conflict in the Middle East has...