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Markets Ignore Idea that Fed May Have to Ditch Bias to Cut
Investors are underpricing the prospect that the Federal Reserve may have to abandon its bias to cut interest rates. Seema Shah, Chief Global Strategist at Principal Asset Management, discusses the path forward for central banks, especially the Fed amid the transition to a new chair. (Source: Bloomberg)
Versant Media Group Shares Rise Following Positive Q1 Earnings Report
BusinessMediaVersant Media Group Shares Rise Following Positive Q1 Earnings ReportByRick Ellis,Contributor.Forbes contributors publish independent expert analyses and insights. The global media business, from streaming to linear TVFollow AuthorMay 14, 2026, 11:31am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.CANADA - 2025/06/09: In this photo illustration, the Versant logo is seen displayed on a smartphone screen. (Pho...
HMRC signs £175billion deal to crack down on fraud and tax errors after 93,000 complaints
HM Revenue and Customs (HMRC) has signed a major £175million agreement with British artificial intelligence company Quantexa as the tax authority seeks to crack down on fraud and improve its struggling customer service operations.The decade-long partnership, announced today, will see Quantexa’s AI-powered systems integrated into HMRC operations to help identify fraudulent activity and detect errors in tax returns more quickly.The move represents one of the department’s most significant technolog...
$100,000 short-term CD vs. $100,000 high-yield savings account: Which will earn more this year?
MoneyWatch: Managing Your Money $100,000 short-term CD vs. $100,000 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your...
First Brands Windup Should Be Run by Trustee to Lower Costs, US Says
Bankrupt auto-parts maker First Brands Group should be taken over by a court-supervised trustee who can finish liquidating its assets at a much lower cost than what the company’s high-priced advisers are charging, federal officials argued in a court filing.
Energy Hype Drives Ford Rally
Ford may be on the verge of a major breakthrough, this time outside the car business. Morgan Stanley says the the automaker may be closing in on a massive battery storage deal with hyperscalers, potentially unlocking a $10 billion high-margin energy business. Bloomberg Auto Reporter Keith Naughton joined Bloomberg Open Interest with more details. (Source: Bloomberg)
Govt caps gold imports under advance authorisation at 100 kg, tightens compliance
The government has capped gold imports under the Advance Authorisation scheme at 100 kilograms and tightened compliance and monitoring norms for importers in the gems and jewellery sector, according to a DGFT notification issued on Thursday.
Hamdan bin Mohammed reviews operations and multimodal expansion at Jebel Ali Port - Emirates 24|7
Hamdan bin Mohammed reviews operations and multimodal expansion at Jebel Ali Port Emirates 24|7
US moving to drop fraud case against Gautam Adani, settle SEC suit: Report
US authorities are reportedly moving to end fraud cases against Gautam Adani, with the Department of Justice potentially dropping criminal charges and the SEC nearing a settlement in its civil case. This development could offer a significant legal reprieve for the billionaire and the Adani Group, which has been facing regulatory scrutiny.
NDIS cuts could leave some participants with a funding gap. How will the changes affect you?
Proposals also grant the health minister power to change disability support rules without state or territory approval. Here’s what you need to knowGet our breaking news email, free app or daily news podcastFunding for some services within the National Disability Insurance Scheme will be slashed – even in cases where participants could be left with a funding gap – as part of a sweeping proposal to drastically curb the scheme’s annual growth.The proposed changes, revealed on Thursday, will also gr...
Boro call for Saints to be thrown out of play-off final
Middlesbrough have called for Southampton to be thrown out of the Championship play-off final, describing their ejection as 'the only appropriate response' to the ongoing Spygate scandal.Southampton, who beat Boro 2-1 in their play-off semi-final, have been charged with breaching EFL regulations after Middlesbrough complained that a member of Southampton's staff spied on one of their training sessions.
StubHub, Viking Holdings Rise on Q1 Earnings | Stock Movers
On this episode of Stock Movers with Alexis Christoforous: - StubHub (STUB) shares are rising after the ticketing company reported better-than-expected first quarter results and reiterated its annual forecast. Morgan Stanley analyst notes that gross merchandise sales (GMS) and revenue should improve in the second half of the year. - Viking Holdings (VIK) shares are rallying after the cruise-line operator reported first-quarter yields above estimates. Analysts cited “impressive” 2027 bookings a...
Unending turbulence: For Indian airlines one crisis lands, another takes off
Indian aviation faces unprecedented turbulence due to a perfect storm of factors. From pandemic fallout and engine failures to airspace closures and a Middle East war driving fuel prices sky-high, airlines are struggling. Passengers face rising fares and cancelled routes as the sector grapples with deep financial distress and operational chaos.
Bank of Russia purchases yuan worth $16 mln with settlements on May 13
The Central Bank also purchased yuan on the domestic market in the amount of 1.2 bln rubles with settlements on May 12
Invesco CEO on Private Assets, QQQ Growth and Nasdaq Partnership
Invesco President and CEO Andrew Schlossberg says clients are leaning into market volatility and sees the QQQ as a key US bellwether. Speaking with Katie Greifeld on "Bloomberg Open Interest," Schlossberg also discusses private markets and the firm's partnership with the Nasdaq. (Source: Bloomberg)
Oil Flows Through Hormuz Creep Higher as More Supertankers Exit
The number of supertankers hauling unsanctioned oil through the Strait of Hormuz has shown signs of rising in recent days, offering limited relief to an oil market that’s suffered the largest supply disruption in history.
Imports in Mongolia’s foreign trade up due to petroleum products from Russia
Mongolia’s total foreign trade with 139 countries reached $10.5 bln
Water & Shark welcomes Abdulla Almarzooqi as Senior Partner in the UAE
Water & Shark, an international advisory firm specialising in global structuring, family office advisory, legal and diplomatic advisory and tax, is pleased to announce the appointment of Abdulla Almarzooqi as Senior Partner in the UAE.The appointment marks the formation of Water and Shark Abdulla Almarzooqi Consultants L.L.C FZ, a joint venture entity established to serve regional families, large institutions and large enterprises across the UAE, the Middle East and international markets.Almarzo...
Cargo turnover at Arctic ports shows growth despite sanctions — Patrushev
Nikolay Patrushev specified that Arctic integrated emergency rescue centers of Russia’s Ministry of Emergency Situations of Russia had been established in Murmansk, Arkhangelsk, Sabetta, Pevek and Naryan-Mar
Carney Rolls Out Pitch to Double Canada’s Electricity Generation
Prime Minister Mark Carney published a strategy that aims to double Canada’s electricity generation by 2050, including adjusting its clean electricity rules to give more flexibility on power generation using natural gas.