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Trump's proposed 'Golden Dome' estimated to cost $1.2 trillion, far more than he initially said

President Donald Trump's plan to put weapons in space, called the “Golden Dome for America” missile defense program, is estimated to cost much more than he originally said

From Diet Coke To Helium: Consumers Feeling Iran War Shortages

BreakingBusinessFrom Diet Coke To Helium: Consumers Feeling Iran War ShortagesByMary Whitfill Roeloffs,Forbes Staff. Mary Roeloffs is a Forbes breaking news reporter covering pop culture.Follow AuthorMay 12, 2026, 02:25pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineCalbee, Japan's biggest snack maker, on Tuesday warned its products will switch from their famously colorful packaging to black-and-white labels by t...

Social Security's cost-of-living adjustment could reach nearly 4% in 2027

MoneyWatch Social Security recipients could get a nearly 4% cost-of-living adjustment, forecasters say .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer...

Palestine Action activists behind £1MILLION defence firm raid could be sentenced as 'terrorists'

Four activists linked to Palestine Action who were found guilty of causing approximately £1million worth of damage to an Israel-connected defence company may face sentencing under terrorism legislation next month.Charlotte Head, Samuel Corner, Leona Kamio and Fatema Rajwani were convicted at Woolwich Crown Court last week following their involvement in a nighttime incursion at the Elbit Systems facility in Bristol on August 6, 2024.A pre-trial determination by Mr Justice Johnson, which can now b...

Russian stock market closes with major indices up

The MOEX Index approached 2,700 points

India Books Phosphate Fertilizer at 40% Above Pre-War Prices

India, the world’s top buyer of diammonium phosphate, has contracted the crop nutrient at prices almost 40% higher than pre-war levels as the Middle East conflict disrupts supplies and pushes global benchmarks higher.

France’s Economy Is Succumbing to Iran War Shock, Survey Shows

France’s economy is showing signs of faltering as the fallout from the Middle East conflict hits growth and ratchets up inflation pressure, according to the central bank’s monthly survey of companies.

Iran Kharg Island Oil Shipments Show First Prolonged Halt Since Start of War

Oil shipments from Iran’s main export terminal appear to have come to a standstill over the past several days, according to satellite images, the first sign of a prolonged halt since the start of the war.

DOJ reaches $30 million deal with PayPal over minority-owned business program

The DOJ has reached a deal with PayPal over an investigation into its minority-owned business program.

‘Unfair trade practice’: EPFO pulled up over PF delay, awards Rs 50,000 compensation

Chandigarh Consumer Commission penalised EPFO Rs 50,000 for a decade-long delay in transferring provident fund. Software glitches were dismissed as an excuse for the significant lapse. The commission found EPFO guilty of deficiency in service and unfair trade practice, ordering compensation for the employee's prolonged wait for his PF funds.

Fujairah population reaches 328,495, GDP rises to Dh32.6 billion

Fujairah: Fujairah’s population rose to 328,495 by the middle of 2025, up from 314,829 a year earlier, as the emirate also recorded strong economic growth with gross domestic product climbing to Dh32.65 billion, according to new figures released by the Fujairah Statistics Centre.The data, published in the centre’s 29th annual statistical report, pointed to continued expansion across key sectors including industry, tourism, construction, healthcare and education, highlighting Fujairah’s growing e...

US Energy Department estimates oil output decline in Middle East in April at 10.5 mln bpd

The report assumes that the Strait of Hormuz remains effectively closed until late May, with shipping traffic beginning to pick up in June

US faces rising costs with Iran war driving energy prices, inflation higher

Consumer prices spike in April, driven by soaring energy costs, with petrol prices up nearly 30 percent since last year.

Inflation Climbs, Tech Cools and Dimon Warns on Market Exuberance | Open Interest 5/12/2026

Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest."  US inflation heats up in April, with gas, rent and food all climbing. The tech rally loses steam, while South Korean stocks swing on a proposal to distribute AI profits to citizens. JPMorgan CEO Jamie Dimon warns there’s “too much” market exuberance, saying AI is real -- but there will be winners and losers. LNG pioneer Charif Souki joins us as the Iran stalemate keeps energy markets on edge. P...

Putin plans to hold meeting on economic issues soon

The President reviewed the country's macroeconomic indicators in detail

Rising oil prices will impact inflation and interest rates: Nilesh Shah

Rising oil prices will impact inflation and interest rates Nilesh Shah

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US Department of Energy estimates OPEC's spare capacity in 2027 at 2.5 mln bpd

The US Department of Energy estimates OPEC's available capacity for 2026 at 0.5 million bpd

Debt, Inflation and Politics: UK Bonds Are Taking a Triple Hit

As UK Prime Minister Keir Starmer slowly loses allies in government and fights for his survival, the escalating political drama is heaping fresh pressure onto a bond market already battered by the country’s deep-rooted fiscal and economic problems.

An 82% Earnings Drop at US LBM Shows Pain in Building Materials

Building materials and products distributor US LBM Holdings reported sharply weaker first-quarter earnings as operating expenses ramped up and demand continued to soften in one of the starkest examples yet of the pain engulfing the industry.