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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...
Rhode Fuels Elf Surge
Elf Beauty CFO Mandy Fields joins Bloomberg Open Interest to break down the company’s massive earnings beat, revealing how Rhode fueled nearly all quarterly growth. She also explains why Elf is expanding beyond TikTok with a Survivor partnership, while maintaining luxury-level profit margins on affordable beauty products. (Source: Bloomberg)
Can a creditor empty your entire bank account with a bank levy?
MoneyWatch: Managing Your Money Can a creditor empty your entire bank account with a bank levy? 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, where she write...
Fed at Crossroads of Modern-Day Maestro and Arthur Burns Redux
History offers a cautionary parallel. During the dot-com boom of the 1990s, then-Fed Chairman Alan Greenspan correctly argued that rapid productivity gains would help restrain inflation. But the central bank did not slash rates. Initially, it just held them steady. By the end of the decade, however, the Fed raised them sharply as investment surged and the economy accelerated. Lakshman Achuthan, COO and co-founder at ECRI, discusses why he felt the inflation cycle was beginning an upward trend pr...
Drahi’s Optimum in Talks for New Money That Hits Lenders It Sued
Optimum Communications Inc., formerly known as Altice USA, is negotiating a new financing deal that could dilute the collateral backing its existing debt, potentially escalating a feud with a group of creditors it sued last year.
Australia's youngest killer is so obsessed with Kylie Minogue that prison psychologists use her name to help him grasp the consequences of violence
Australia's youngest killer is so obsessed with Kylie Minogue that prison psychologists use her name to help him grasp the consequences of violenceKylie used by psychologists to teach SLD about consequences Killer fought inmates defending singer's honour in prisonREAD MORE: The boast that cost youngest killer his chance of freedomSee more Daily Mail on Google - save us as a Preferred SourceBy JONICA BRAY SENIOR REPORTER Published: 16:15, 21 May 2026 | Updated: 16:15, 21 May 2026 e-mail View comm...
Walmart Reports Solid Sales Growth; Deere Gets Construction Boost | Stock Movers
On this episode of Stock Movers with Alexis Christoforous: - Walmart (WMT) shares are on the move after reporting earnings. It reported solid sales growth, with comparable sales in US stores rising, excluding fuel, in the latest quarter. The company's focus on low prices, fast delivery, and wide assortment has helped it gain market share across income levels. - Intuit (INTU) shares are sinking after the tax-preparation software company reported its third-quarter results and gave an outlook. It...
Walmart plans price cuts using tariff refunds as shoppers get skittish
Now that the U.S. government must refund most tariffs, Walmart says it might put its refund money toward lowering store prices. Executives say the cost of gas has shoppers increasingly under stress.(Image credit: Will Newton)
Nuclear Company Deep Fission Files for $156 Million IPO
Deep Fission Inc. is seeking to raise up to $156 million in a US initial public offering, the latest nuclear startup to go that route as artificial intelligence data centers stoke demand for electricity.
Wall Street banks helped Chinese military-linked firm raise billions despite red flags, lawmakers find
FIRST ON FOX: Congressional investigators are accusing major U.S. banks of helping a Chinese battery giant the Pentagon labeled a "Chinese military company" raise billions of dollars from global investors despite unresolved national security concerns.A new report from the House Select Committee on the Chinese Communist Party alleges JPMorgan Chase and Bank of America underwrote CATL’s Hong Kong IPO — helping the company raise money from investors through stock offerings — after the Pentagon desi...
WiseTech begins redundancies – but omits ‘AI’ from emails to Chinese employees, workers say
ASX-listed company announced in February it would lay off almost 30% of its 7,000-strong workforce across 40 countriesGet our breaking news email, free app or daily news podcastWiseTech has begun informing staff that they will lose their jobs as part of redundancies the company has said is due to artificial intelligence advancements – although an email to staff in China omitted the word “AI” after a court case against another company in the country.Staff at WiseTech have been waiting almost thre...
UK ceramics set to be 'talk of the world' once more after £120m funding package
A multi-million-pound funding package for ceramics will help make the UK's potteries “the talk of the world” once more, industry leaders say. The Government announced a £120million support package for ceramics to back “energy efficiency, decarbonisation and long-term competitiveness”.It came after GB News shone “a very helpful spotlight” on the industry, with our reports from the factory front lines in Stoke-on-Trent – the spiritual home of the trade. The Government also unveiled a £350million c...
Why Javier Milei’s inflation ‘miracle’ in Argentina is more of a mirage
When Javier Milei took over as president of Argentina in December 2023, monthly inflation was 25.5%. The annual rate for that year was 211%. Now it has plummeted. Milei, a rightwing populist famous for wielding a chainsaw on stage to make a point about fiscal conservatism, made cutting inflation a central part of his campaign. The latest figures put monthly inflation in April at 2.6%, and 32% for the year. While this is still very high and behind only Venezuela, South Sudan and Iran,...
Young Americans are feeling pessimistic about the job market, new data shows
New Gallup poll data shows young Americans are feeling pessimistic about the job market. CBS News' Jill Schlesinger reports. (Sponsored by AT&T Business)
Rethinking Capital As More Than Just Money
BusinessRethinking Capital As More Than Just MoneyByRick Ford,Forbes Books Author.for Forbes BooksAUTHOR POSTExpertise and opinions of authors published by ForbesBooks. Imprint operated under license. | Paid ProgramMay 21, 2026, 10:43am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.The right capital partner can help your business reach new heights.gettyFor most of my early career, I thought capital was capital. A check w...
Green politician who called David Lammy 'coconut' is given bizarre council 'sanctuary and healing' role
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