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UK borrowing costs hit highest since 1998
UK borrowing costs hit highest since 1998
Amazon Posts $181.5 Billion in Revenue and Smashes Wall Street’s Q1 Earnings Expectations
Amazon reported its latest quarterly earnings results Wednesday, revealing sales at its cloud business, Amazon Web Services (AWS), were up 28% year over year to $37.6 billion from January to March. Wall Street forecast earnings per share (EPS) of $1.65 on $177.2 billion in revenue, according to analyst consensus data provided by LSEG. Amazon reported adjusted EPS of $2.78 […]
Meta Q1 Revenue Soars 33% in Q1, Net Profit Hits $26.8 Billion Ahead of Mass Layoffs
Even as Meta continues make money hand over fist, the tech giant is set to make a large round of layoffs to optimize operations and as it continues to plow billions into AI projects. Meta, the parent of Facebook, Instagram and WhatsApp, reported revenue of $56.3 billion for the first quarter of 2026 as ad […]
Powell says he's staying on Fed board "for a period of time to be determined" after chair term ends
Jerome Powell held his last news conference as Federal Reserve chair on Wednesday, announcing his intention to stay on the central bank's board as a governor "for a period of time to be determined" following the end of his term.
YouTube Pumps Up Ad Sales 10.7% to $9.9 Billion in Q1
Time spent viewing on YouTube, the internet’s most massive video platform, keeps growing at a healthy clip — and with it, YouTube continues to see a double-digit uptick in ad revenue. YouTube generated ad sales of $9.88 billion in the first quarter of 2026, up 10.7% year over year. The growth is especially impressive off […]
Comey's seashell post got him indicted. But experts are skeptical the government can win
Comey's seashell post got him indicted. But experts are skeptical the government can win7 minutes agoShareSaveAdd as preferred on GoogleKayla EpsteinGetty ImagesJames Comey testifies to Congress in 2018.Observers experienced a tingle of déjà vu this week as they watched the Department of Justice indict James Comey on charges that he threatened his political rival, President Donald Trump. That was quickly followed by a social media video posted by the former FBI director, defending himself....
Four key takeaways from Jerome Powell's last rate decision as Fed chair
Four key takeaways from Jerome Powell's last rate decision as Fed chair13 minutes agoShareSaveAdd as preferred on GoogleArchie MitchellBusiness reporterGetty ImagesThe Federal Reserve has held US interest rates steady after what was expected to be Jerome Powell's last meeting as chair.Hours after his successor Kevin Warsh won the backing of a key Senate committee to take up the role next month, Powell announced the Fed's rate would stay between 3.5% and 3.75%.It followed continued...
UAE fuel prices for May out today: Petrol, diesel costs to rise as oil surges?
Dubai: UAE motorists are unlikely to see a sharp drop in fuel prices for May, with rates set to be announced later today, even as global oil markets surge again.Crude has jumped sharply—adding fresh upward pressure, but too late to significantly alter May fuel prices.Brent crude has surged to $119.69 per barrel, up 7.6% on WednesdayThis marks its highest level since early 2022, during the early phase of the Ukraine warPrices have now climbed sharply from roughly $70 before the conflict, with rep...
Bloomberg Deals 4/29/2026
A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Pershing Square CEO & Founder Bill Ackman, LionTree Advisors Managing Director Ariel Granoff, Cain Co-Founder & CEO Jonathan Goldstein, Boston Consulting Managing Director & Partner Travel, Transport & Leisure Tom McCaleb, and AstraZeneca CFO Aradhana Sarin. (Source: Bloomberg)
Hungary's next PM says frozen EU funds will be paid out soon
Hungary's next PM says frozen EU funds will be paid out soon8 minutes agoShareSaveAdd as preferred on GooglePaul KirbyEurope digital editorReutersPéter Magyar has not yet taken office but is in a rush to release the EU's frozen fundsHungary's Prime Minister-elect Péter Magyar has met EU leaders in Brussels, for the first time since his Tisza party won a landslide election on 12 April, sweeping away 16 years of rule by Viktor Orbán.After talks with European Commission President Urs...
$50,000 CD vs. $50,000 high-yield savings account vs. $50,000 money market account: Which will earn the most in 2026?
MoneyWatch: Managing Your Money $50,000 CD vs. $50,000 high-yield savings account vs. $50,000 money market account: Which will earn the most in 2026? 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...
Jerome Powell explains why he plans to stay on at the Fed
Jerome Powell, who is nearing the end of his tenure as chair of the Federal Reserve, explains that he had long planned to retire from the Fed when his term ended, but now plans to stay on until a DOJ investigation is “well and truly over with transparency and finality.”
Oil spikes while stocks slip ahead of US Fed rate decision
Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks mostly slid as investors awaited a US Fed rate decision and a slew of tech firm earnings. Both main oil contracts jumped nearly six per cent after President Donald Trump warned Tehran on Wednesday that it should “get smart soon” and capitulate to Washington’s demands for tight controls on its nuclear programme, as a US naval blockade turned the screws on Iran’s economy. Meanwhil...
Jerome Powell calls his time as Fed chair a 'privilege' during last press conference
Federal Reserve Chair Jerome Powell said his time as head of the central bank has been a "privilege," as he gave his last press conference as chair. The Senate Banking Committee advanced President Donald Trump’s nominee to succeed Powell, Kevin Warsh. Powell will remain at the Fed after May 15, when his tenure as its chair ends.
Powell will remain on Fed board until DOJ probe is over
BREAKING NEWSUpdated 17 minutes agoEconomyEconomyJerome Powell, whose term as Fed chair is ending, will remain on the board until DOJ probe is overThe outgoing Federal Reserve chair said he plans to keep a "low profile" as a governor after his successor, Kevin Warsh, takes over.Listen to this article with a free account00:0000:00Federal Reserve Chair Jerome Powell speaks at a news conference at the Federal Reserve in Washington, D.C., on Wednesday.Cliff Owen / APShareAdd NBC News to Go...
UAE's exit from OPEC could unsettle African oil market — portal
According to the portal, once production quotas are lifted, the United Arab Emirates could increase output by more than 40%, which will intensify competition in markets supplied by higher-cost producers, including countries in sub-Saharan Africa
JetBlue, Booking Give Mixed Update on Travel Demand
Bloomberg's Scarlet Fu on "Bloomberg Deals" discusses travel demand as fuel prices soar amid the Iran War. This week JetBlue, Booking Holdings, and Hilton gave mixed commentary on future demand for travel. (Source: Bloomberg)
Parallel Web Systems hits $2B valuation five months after its last big raise
Parallel Web Systems, the AI agent-tool startup founded by former Twitter CEO Parag Agrawal, has raised a $100 million Series B at a $2 billion valuation led by Sequoia. Existing investors Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, and Terrain Capital also participated, the company said. This raise comes just five months after the startup announced its $100 million Series A at a $740 million valuation led by Kleiner and Index, and brings the total capit...
Fed holds rates steady for third straight meeting as four officials dissent
NewsWorldAmericasUS politicsFed holds interest rates steady for third straight meeting as four officials dissentThe dissents underscore the level of division on the Fed's 12-member rate-setting committeeChristopher Rugaber Wednesday 29 April 2026 19:29 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"...
Fed Can Stay on Hold This Year, JPMorgan's Michele Says
Bob Michele, global head of fixed income at JPMorgan Asset Management, says the inflation risk posed by the Iran conflict means the Federal Reserve can stay on hold through year-end on Bloomberg Television. (Source: Bloomberg)