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Biggest ever UK trade mission to US amid political crisis and Iran tensions
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Delta to Prioritize Global Expansion Over Domestic Transactions
Delta Air Lines Inc. Chief Executive Officer Ed Bastian said he’ll sit out consolidation in the US aviation market and instead focus on expanding abroad through partnerships, even as high fuel prices and a transaction-minded administration stand to shake up the domestic industry.
Stock Rally Falters as Investors Eye Inflation | Open Interest 5/18/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks fall as bond yields stay near multiyear highs. NextEra strikes the biggest power deal ever, SpaceX’s mega IPO fuels Wall Street FOMO, and Nvidia nears a potential $6 trillion inflection point. Plus, MIAX CEO Thomas Gallagher and Ramaco CEO Randall Atkins joined Bloomberg Open Interest with a deep dive into AI power demand, retail futures, and America’s rare earths race. (Source: Bloomberg...
NPR trims jobs in newsroom overhaul as it confronts era without public funding
NPR is offering buyouts to journalists as it overhauls its newsroom, with the threat of layoffs to follow. Two recent gifts totaling $113 million are primarily dedicated to NPR's tech infrastructure.(Image credit: Bloomberg via Getty Images)
Vanguard Favors Treasuries as 10-Year Yields Near Range Top
Vanguard Group Inc., one of the world’s largest money managers, is sticking with its bet on US Treasuries, saying yields in the $31 trillion market are near the top of its expected range for 10-year notes.
NextEra’s Mega-Utility Deal Will Shore Up Its Credit Profile
NextEra Energy Inc.’s $67 billion bid for Dominion Energy Inc. won’t just create an energy giant stretching from Florida to Virginia, it’s also helping the power firm shore up its credit standing in the eyes of rating companies.
Halifax could disappear from UK high streets as Lloyds assesses branding strategy
Bank founded 174 years ago could be phased out as early as 1 July as part of group’s reviewBosses at Lloyds Banking Group are considering axing the Halifax as a standalone brand, as part of a sweeping review that could result in the historic 174-year-old lender disappearing from Britain’s high streets.Lloyds has been assessing the future of its branding strategy and whether it will continue to operate everyday banking under three different brands – Lloyds, Halifax and Bank of Scotland – after go...
Billionaire Gautam Adani’s Fraud Charges Dropped By Justice Department
BreakingBusinessBreaking NewsBillionaire Gautam Adani’s Fraud Charges Dropped By Justice DepartmentByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorMay 18, 2026, 01:36pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineThe Justice Department officially moved to drop its fraud case against Indian billionaire Gautam Adani, according to a Monday federal court filing, ending a years-long prosecution for al...
Oil stockpiles 'declining rapidly', head of International Energy Agency warns
The world should brace for hikes in food prices with oil stockpiles “declining rapidly”, the head of the International Energy Agency says. Fatih Birol warned stored supplies of oil were falling, with inflation a possible outcome. Speaking at the G7 meeting of finance ministers in Paris, Mr Birol said there were still “several weeks” left in the stockpiles. But these were shrinking rapidly as a result of the Iran War and the blocking of the Strait of Hormuz. TRENDING Stories Videos Your Say...
Affordability checks in gambling need a rethink when even proponents are calling for pause
Gambling Commission set to rubber-stamp new regulations which could inflict irreparable damage on the racing industryJames Noyes, one of the initial proponents of affordability checks for gamblers, has issued an urgent call for a pause in their implementation. Stuart Andrew MP, the gambling minister in the last government and also a former supporter of checks, agrees with him. The British Horseracing Authority has suggested that implementation could cost the industry £250m annually in revenue as...
Texas Fund Revealed as Record Backer of State Street Credit ETF
The identity of an investor that dramatically boosted assets in State Street Corp.’s private credit ETF has been revealed as a $60 billion sovereign wealth fund that provides funding to Texas public schools.
Andy Burnham’s change in tack on fiscal rules and bond markets is understandable
Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investorsUK politics live – latest updatesAndy Burnham has always faced a narrow path to replace Keir Starmer as prime minister: a tricky byelection, a leadership contest that is yet to be declared, and a far from constructive bond market backdrop.In making his pitch, assuaging City investors in particular has led the Greater Manchester mayor to dance on a pin. Continue reading...
'I sold it for over £1k': Swatch launch sparks 'chaotic' scenes
Some shoppers have been trying to resell a new line of watches priced at £335 each for up to £16,000.
PM Shehbaz reviews Rs1.5tr PSDP, directs more funds for well-performing ministries
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday reviewed the proposed Rs1.51 trillion Public Sector Development Programme (PSDP) for fiscal year 2026–27, with an emphasis on fully utilising development funds, especially by sectors that were performing satisfactorily. According to an official from the Planning Division, it was an initial meeting on the PSDP ahead of the forthcoming federal budget, and further meetings will also be held on the matter. The PSDP will be finalised in an upcoming m...
Lower-paid migrants more likely to stay in Britain compared to higher earners, new research shows
A new Home Office study has revealed migrant workers on lower pay are more likely to settle permanently in Britain than the highest earners.The study, conducted by the Migration Advisory Committee, a Home Office body, found care workers had among the highest remaining rates of settling. Meanwhile, academics and scientists were more likely to leave the UK after half a decade. Researchers also found migrants from richer countries such as the United States were less likely to stay when compared to...
NextEra to buy Dominion in $67bn deal creating US utility giant
Deal would create largest regulated US utility, serving 10 million customers as AI-driven demand for power surgesNextEra, a US energy giant, announced on Monday that it will buy Dominion Energy in a $67bn deal, creating what the companies say will be the world’s largest regulated utility business.The deal comes as the appetite for energy sources has swelled with the construction of massive data centers across the country, built largely to supply rising demand for AI. Continue reading...
HS2: Heidi Alexander to set out true cost of rail project – and when trains will begin to run
Transport secretary to give budget details of troubled high-speed line, which backers hope will stay well below £100bnThe latest estimate of the cost of HS2 and a timetable to complete construction of the high-speed railway will be set out by the government on Tuesday, including plans to run trains slower to trim costs.The transport secretary, Heidi Alexander, is expected to give the first official reckoning of the troubled project’s budget in 2026 prices, which HS2’s backers hope will remain su...
HS2: Heidi Alexander to set out true cost of rail project – and when trains will begin to run
Transport secretary to give budget details of troubled high-speed line, which backers hope will stay well below £100bnThe latest estimate of the cost of HS2 and a timetable to complete construction of the high-speed railway will be set out by the government on Tuesday, including plans to run trains slower to trim costs.The transport secretary, Heidi Alexander, is expected to give the first official reckoning of the troubled project’s budget in 2026 prices, which HS2’s backers hope will remain su...
Bloomberg Surveillance 5/18/2026
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)
Companies Look to Once-Dead Caracas Stock Market as Volumes Soar
A raft of Venezuelan companies are looking to sell shares on the local stock exchange as the market wakes up after more than a decade of near paralysis under the socialist rule of former president Nicolas Maduro.