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Silicon Valley’s vacationland needs a new energy provider just as AI is driving prices up
It’s no secret that AI data centers have been straining the grid. But Silicon Valley has been relatively insulated from it all, thanks to high land and power prices that have pushed hyperscaler projects elsewhere. The tech elite might soon get a taste of the power crunch, though. The Bay Area’s vacationland, Lake Tahoe, has less than a year to find a new energy supplier.
Trump says China to buy 200 Boeing planes, much lower than expected
Neither the Chinese government nor Boeing issued statements confirming the purchase agreement.
Mark Cuban made 300 employees millionaires after selling a company for $5.7 billion
Long before becoming one of America’s most recognisable billionaires, Mark Cuban built his fortune through the explosive rise of internet streaming company Broadcast.com. In 1999, the company was acquired by Yahoo in a deal worth $5.7 billion in stock.
New York Plans Tax on Homes Over $1MPurchased With Cash
Bloomberg's Laura Nahmias joins Scarlet Fu on "Bloomberg Real Yield." New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations. (Source: Bloomberg)
Might Be A Lid on Spread Widening: CreditSights Cisar
Winnie Cisar, global head of credit strategy at CreditSights, and Barry Knapp, director of research at Ironsides Macroeconomics and chief market strategist at Ironsides MRA, joins Scarlet Fu on "Bloomberg Real Yield." Credit investors enticed by high yields are buying up corporate bonds, shrugging off the lingering Middle East conflict and focusing instead on robust results from blue-chip businesses. (Source: Bloomberg)
Venezuela Kickstarts $170B Debt Restructuring Process
Bloomberg's Maria Elena Vizcaino joins Scarlet Fu on "Bloomberg Real Yield." Venezuela hired a financial adviser as it launches one of the world’s largest-ever debt restructurings, aiming to rework an estimated $170 billion of defaulted bonds and loans. (Source: Bloomberg)
Global Bond Selloff Deepens, US 30-Year Hits '07 High
Kay Herr, chief investment officer of US GFICC at JPMorgan Asset Management, and Ed Al-Hussainy, portfolio manager at Columbia Threadneedle Investments, join Scarlet Fu on "Bloomberg Real Yield." Government bond markets tumbled around the world, sending yields surging from Japan to the US. (Source: Bloomberg)
JPMorgan Private Credit Trading Ramps Up
Bloomberg's Katherine Chiglinsky joins Scarlet Fu on "Bloomberg Real Yield." JPMorgan Chase trading effort in the $1.8 trillion private-credit market is building momentum after years of sluggish growth. The biggest US bank has traded roughly $2 billion of private-credit loans this year, more than in all previous years combined. (Source: Bloomberg)
LVMH Streamlines Portfolio In $850 Million Sale To WHP And G-III Apparel
BreakingBusinessRetailLVMH Streamlines Portfolio In $850 Million Sale To WHP And G-III ApparelByPamela 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 15, 2026, 01:43pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineLVMH is divesting Marc Jacobs in an $850 million sale to a new...
Iran Oil Flows Most Likely Cut by Spill, TankerTrackers Says
A pause in Iranian oil shipments from Kharg Island, the nation’s main export hub, is most likely the result of an oil spill in the area, according to TankerTrackers.com, a firm that uses satellite imagery to monitor vessel movements.
Tesco boss handed £10.8million pay package as millions of Britons skip meals
Tesco chief executive Ken Murphy received a total remuneration package worth £10.8million during the 2025/26 financial year, according to the supermarket giant’s latest annual report.The package represents an increase of around £1million compared with the £9.8million Mr Murphy received during the previous financial year.Tesco’s annual report revealed the chief executive was awarded a £3.4million bonus alongside £5.7million in share awards linked to company performance.The retailer reported earni...
DWP benefits crackdown: Universal Credit, PIP and Pension Credit among payments under fresh review
The Department for Work and Pensions (DWP) has confirmed five major benefits will be scrutinised for fraud and error during the 2026/27 financial year as part of a wider Government crackdown on incorrect welfare payments.Universal Credit, Housing Benefit for pension-age claimants, Pension Credit, the state pension and Personal Independence Payment (PIP) have all been included in the department’s latest review programme.The results of the assessment are expected to be published in May 2027 follow...
STARTEEPO Invest Announces 5% Stake in Xerox Holdings Corporation
STARTEEPO Invest (“STARTEEPO”), an alternative investment fund focused on public equity opportunities, today announced that it has acquired a significant ownership position in Xerox Holdings Corporation (“Xerox” or the “Company”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260515594020/en/ As of the date of this release, STARTEEPO and its affiliates beneficially owns 6.6 million shares of Xerox (excluding options), representin...
Gold Bond’s popular skin-tightening neck cream is on sale for $12
Deals and SalesA 53-year-old says this now-$12 Gold Bond neck cream fixed their ‘waddle-like, crepey’ neckIt contains hyaluronic acid to hydrate and salicylic acid to exfoliate.May 15, 2026, 12:54 PM EDTBethany HeitmanContributing EditorSkip to table of contentsFor maximum results, apply this neck cream twice a day, massaging it into skin with upward motions.AmazonWhen it comes to getting older, your neck is one of the first spots to show signs of aging. Experts have previously told me that the...
What to expect as Jerome Powell's tenure ends as Federal Reserve chair
Kevin Warsh is expected to take over as chair of the Federal Reserve as Jerome Powell concludes his tenure. Kristin Myers, the senior vice president of content and editor in chief of ETF.com, joins CBS News with more.
UK cake maker plunges into administration as 120 staff face uncertain future
Sussex Bakes Ltd, trading as More Foods, has entered administration, putting 120 jobs at risk at its Chichester, West Sussex cake factory. The business has been supplying traybakes and baked goods to major retailers since 2003.
Global Bond Selloff Halts Stock Rally | Open Interest 5/15/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The global bond selloff accelerates as inflation fears ripple across markets. Plus — from Nvidia to Boeing — the biggest winners and losers emerging from President Trump and President Xi’s Beijing summit. SambaNova CEO Rodrigo Liang breaks down the coming AI infrastructure war, SūmerSports CEO Lorrissa Horton explains how AI is reshaping the NFL, and Dexcom CEO Jake Leach on why glucose monitors...
UAE to accelerate oil pipeline project to bypass Strait of Hormuz
The Crown Prince of the UAE says the project would help 'meet global demands'.
Global Bond Selloff Deepens as Rising Oil Prices Spook Investors
Government bond markets tumbled around the world, sending yields surging from Japan to the US on intensifying fears that the war-driven price shock will force central banks to raise interest rates. Ian Lyngen, Head of US Rates Strategy at BMO Capital Markets, discusses the rise and why the US 30-year over 5% is particularly concerning. (Source: Bloomberg)
$25,000 short-term CD vs. $25,000 high-yield savings account: Which will earn more this year?
MoneyWatch: Managing Your Money $25,000 short-term CD vs. $25,000 high-yield savings account: Which will earn more this year? 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 fo...