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Spirit’s Collapse Shows Limits of Budget Model, Delta CEO Says
Delta Air Lines Chief Executive Officer Ed Bastian said rising jet fuel costs and Spirit Airlines’s collapse are accelerating a divide in the industry between carriers catering to premium travelers and those competing primarily on price.
Why a $10,000 CD account is worth opening this May
MoneyWatch: Managing Your Money Why a $10,000 CD account is worth opening this May 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 for CBSNews.com. He writes and...
AI Chipmaker Cerebras’ CEO Is Now Worth $3.4 Billion After Long-Awaited IPO
BETAThis is a BETA experience. opt-out hereInnovationEditors' PickAI Chipmaker Cerebras’ CEO Is Now Worth $3.4 Billion After Long-Awaited IPOThe next-gen chipmaker first filed for its public offering in September 2024. Now, after snags that held up its debut, its cofounders are reaping the windfall.ByRichard Nieva,Senior Writer. Richard Nieva is a Forbes senior writer covering technology.Follow AuthorMay 14, 2026, 01:22pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This...
AI chipmaker Cerebras soars 90% in year’s biggest IPO so far
Artificial intelligenceAI chipmaker Cerebras soars 90% in year’s biggest IPO so farThe explosion in artificial intelligence stocks has been a primary driver of the overall stock market’s performance this year.Listen to this article with a free account00:0000:00Cerebras Systems Inc. signage during the company's initial public offering at the Nasdaq MarketSite in New York City on Thursday.Michael Nagle / Bloomberg via Getty ImagesShareAdd NBC News to GoogleMay 14, 2026, 1:21 PM EDTBy Steve KopackA...
PSA getting $200 million investment, adding 1,000 jobs as card grading demand surges
Professional Sports Authenticator (PSA) parent company Collectors is investing $200 million into the authentication and grading giant to expand operations over the next 18 months, the company announced Thursday. PSA will use the new funding to grow the company’s physical footprint, develop and deploy new technology and hire for 1,000 open and planned positions through 2026. The industry leader in trading card authentication by submission volume, PSA graded over 19 million cards in 2025 — more th...
Pound Falls to One-Month Low on Burnham Running for Parliament
The pound fell to a one-month low after Manchester Mayor Andy Burnham said he is seeking to run for the UK Parliament, potentially opening an avenue to challenge embattled Prime Minister Keir Starmer.
France, Netherlands say all hantavirus contact cases negative
France’s health minister said Thursday that 26 people in France identified as close contacts of hantavirus cases linked to the MV Hondius cruise ship had tested negative for the illness. Dutch authorities also confirmed that all people who arrived in the Netherlands on evacuation flights from the ship this week have tested negative. Twenty-six people are in hospital isolation in France, including 22 identified as close contacts of a Dutch woman on the MV Hondius that was at the centre of an inte...
Researchers unearth Southeast Asia's largest dinosaur
They're calling it the "last titan" of Thailand. The sauropod — an herbivore with a long neck and tail — comes from the late Early Cretaceous period, some 100 to 120 million years ago.(Image credit: Patchanop Boonsai)
4 things retirees should do immediately after receiving a garnishment notice
MoneyWatch: Managing Your Money 4 things retirees should do immediately after receiving a garnishment notice 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, wh...
Cerebras raises $5.5B, kicking off 2026’s IPO season with a bang
Cerebras raised $5.5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150-$160), even as it increased the size of the offering to 30 million shares. And pre-market trading indicates that shares are going to open with a giant pop, as retail investors bid up the price to grab them. (We’ll update this story after trading begins.)
FTSE 100 shrugs off political drama as oil price dips
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Shadow economy accounts for almost half of Ukraine's GDP — IMF
According to IMF spokesperson Julie Kozak, the fund is supporting efforts by the authorities to broaden the tax base
Jensen Huang Joins $200 Billion Club As Nvidia Soars Over Potential China Deals
BusinessBreaking NewsJensen Huang Joins $200 Billion Club As Nvidia Soars Over Potential China DealsByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorMay 14, 2026, 12:17pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineNvidia CEO Jensen Huang’s fortune climbed over $200 billion for the first time Thursday as shares in the chip designer rose over 4%, making him the seventh person in the world to active...
Xi mentions "Thucydides trap" theory during Trump summit in China
During remarks in a private meeting, according to reports, Chinese President Xi Jinping mentioned an obscure political theory that may suggest how China wants the U.S. to act. CBS News analyst Aaron MacLaean has more.
Pakistan raises $250m equivalent in inaugural Panda bond issuance
ISLAMABAD: Pakistan raised $250 million equivalent through its inaugural Panda bond issuance in the Chinese capital market at an interest rate of 2.5 per cent, with a three-year maturity, according to Advisor to the Finance Minister Khurram Schehzad. In a social media post on X on Thursday, Schehzad said: “Pakistan has successfully completed its inaugural Panda bond issuance in China’s onshore capital market today, marking the country’s first-ever entry into the world’s second-largest and deepes...
Bloomberg Surveillance 5/14/2026
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)
The Federal Reserve Can’t Boost The Economy, But Microsoft Can
BusinessPolicyThe Federal Reserve Can’t Boost The Economy, But Microsoft CanByJohn Tamny,Contributor.Follow AuthorMay 14, 2026, 12:00pm EDTSAN FRANCISCO, CALIFORNIA - NOVEMBER 06: Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. Altman delivered the keynote address at the first ever Open AI DevDay conference. (Photo by Justin Sullivan/Getty Images)Getty ImagesMicrosoft invested $1 billio...
Ukrainian drone attack leaves two Zaporozhye NPP employees injured
Multiple attacks by Ukraine hindered the evacuation of the two employees
Post Office launches credit card with interest-free spending offer and no foreign transaction fees
The Post Office has launched a new travel credit card aimed at holidaymakers, offering fee-free overseas spending and six months of interest-free purchases as it expands its financial services business.The new card, unveiled today, comes with no foreign transaction fees, meaning customers will not face additional charges when making purchases abroad or shopping online with overseas retailers.Cardholders will also receive six months of interest-free spending on purchases alongside no annual fee,...
US-China Discussions on Farm and Oil Trade Expansion
Lizzy Galbraith, Senior Political Economist at Aberdeen, speaks about discussions between the US and China regarding increased trade in farm and oil sectors. The conversation focused on the potential economic and political implications of these trade talks, highlighting the significance of agricultural and energy commodities in the bilateral relationship. Galbraith offered insights into how these developments might influence market dynamics and broader geopolitical considerations. (Source: Bloom...