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Big Tech Earnings; No Letup of US Naval Blockade; Fed Decision | Bloomberg Brief 4/29/2026
Nasdaq 100 futures rise with more than $14 trillion in market cap set to report after the market close, including Meta, Microsoft, Amazon and Alphabet. The US signals it will stick with a naval blockade of Iranian ports to force Tehran to the negotiating table. The Federal Reserve will announce its rate decision in what will likely be Chair Jerome Powell's last meeting as the head of the central bank. Andrew Hollenhorst of Citi looks ahead to the Fed's rate decision and its leadership transition...
EU farmers and hauliers to get up to €50,000 to cover extra costs of Iran war
Fishing companies can also access up to 70% subsidies, in loosening of state aid rules for ‘most exposed sectors’Business live – latest updatesThe EU is to subsidise up to 70% of the extra cost of fuel and fertilisers caused by the Iran war for farmers, fishing businesses and road hauliers as part of a package of emergency measures unveiled on Wednesday.Individual companies can claim up to €50,000 each between now and the end of the year with minimum paperwork, a measure the EU hopes will remove...
Chiesi Agrees to Buy KalVista Pharmaceuticals for $1.9 Billion
Chiesi Farmaceutici SpA agreed to acquire US-listed KalVista Pharmaceuticals Inc. for about $1.9 billion in its biggest acquisition to date, expanding the Italian company’s rare immunology portfolio.
Former ECB's Trichet: the Enemies are Inflation Secondary Effects
The former ECB President Jean-Claude Trichet talks about the impact on Europe from the geopolitical tensions, a day before the ECB decision. He argues that recession is an option given the level of uncertainty, and the secondary effects of inflation are the real enemies of the ECB. (Source: Bloomberg)
Trucker from India who killed newlyweds in US freed, held instantly by ICE
Trucker from India who killed newlyweds in US freed held instantly by ICE
Oil price jumps to $115 after reports of 'extended' Iran blockade
Oil price jumps to $115 after reports of 'extended' Iran blockadeJust nowShareSaveAdd as preferred on GoogleNaomi RaineyandEmer Moreau,Business reportersGetty ImagesCrude oil is a key ingredient in petrol and dieselOil prices have climbed sharply following reports that the US is preparing for an 'extended' blockade of Iran.Brent crude rose to around $115 (£85) a barrel on Wednesday, having closed at just over $110 (£81) on Tuesday evening. The price had fallen slightly to $11...
Morocco to Create 1.7 Million Jobs by 2035 Through Major Reforms
Agadir – Morocco could generate 1.7 million additional jobs by 2035 and boost its real GDP by nearly 20% above baseline projections if it pursues structural reforms, according to a new report released on Tuesday by the World Bank Group. Morocco Growth and Jobs Report, developed in partnership with the Moroccan government, outlines reforms aimed at accelerating growth, attracting private investment, and expanding employment opportunities, particularly for women and youth. According to the W...
Blue Owl Shares Near ‘Doomsday’ Levels See Earnings as Next Risk
Blue Owl Capital Inc., whose battered stock has served as a proxy for concerns over the health of the $1.8 trillion private credit industry, will face fresh scrutiny from investors and Wall Street analysts with the release of its first-quarter earnings.
Morgan Stanley’s Slimmon Says Be Ready to Buy Short-Term Pullback in Stocks
Investors should brace for a US stocks pullback and be ready to pounce when fear peaks as a powerful earnings backdrop collides with mounting risks, according to Morgan Stanley Investment Management’s Andrew Slimmon.
Crypto Firm MoonPay Bets $100 Million for Institutional Push
MoonPay Inc. has acquired Sodot, an Israeli crypto security startup, as part of a plan by the crypto payments firm to launch a new unit focused exclusively on catering to institutional demand for digital assets.
Russia says it will remain in OPEC+, hopes UAE exit wouldn't mark end of group
Russia says it will remain in OPEC hopes UAE exit wouldnt mark end of group
EQT’s Cerba Updates Lenders on Timeline for €5 Billion Debt Plan
Cerba Healthcare told creditors that it will provide a plan for tackling its €5 billion ($5.85 billion) debt pile after the French government gives an update on subsidies for private laboratory companies in a month or so.
Spirit Airlines tried to be the Dollar General of the skies. Then the big airlines beat it at its own game
Spirit Airlines helped pioneer ultra-cheap flying and soared. Then legacy airlines copied them, outmaneuvered them with loyalty programs, and the economy turned against their core customers.(Image credit: Justin Sullivan)
5 Small Business Grants For AAPI Business Owners
Small Business5 Small Business Grants For AAPI Business OwnersByNatalie Madeira Cofield,Contributor.Edited bySophia Acevedo,Associate Editor.for Small BusinessFollow AuthorsApr 29, 2026, 06:30am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.TABLE OF CONTENTSGrant Opportunities For Asian And AAPI-Owned Businesses Alternative Funding Options For AAPI EntrepreneursHow To Qualify For AAPI Small Business GrantsHow To Strength...
Prince Charles to Bezos, Cook, Huang: Tell us your problem with British startups
King Charles III met with tech titans like Jeff Bezos and Tim Cook to address funding challenges for British startups, particularly university-born ventures. Nvidia CEO Jensen Huang highlighted the potential of UK startups in AI and quantum computing, emphasizing the need for a robust venture capital ecosystem. This discussion follows significant investment pledges from major tech firms to the UK.
Gas prices hit $4.23 per gallon, a new high for the year
Iran warGas prices hit $4.23 per gallon, a new high for the year As the Iran war enters its third month with peace talks stalled, the global energy crisis shows no sign of letting up.Listen to this article with a free account00:0000:00Fuel prices at a Brooklyn gas station in New York, on Tuesday. The average price of unleaded gas is up 40% nationwide since late February. Spencer Platt / Getty ImagesShareAdd NBC News to GoogleApril 29, 2026, 6:13 AM EDTBy Rob WileU.S. gas prices have hit a fresh...
LPG crisis makes India go for InducSun cooktops
LPG crisis makes India go for InducSun cooktops
Sensex ends 609 points higher, Nifty tops 24,100; RIL up 3%
Sensex ends points higher Nifty tops RIL up
CEOs of US’s top energy firms received average pay raise of $12.3m, review finds
Utility bills are up as much as 40% in some regions, and companies shut off power to customers 13m times in 2025The US’s top utilities’ CEOs enjoyed a 16% pay raise last year – to an average of $12.3m – even as consumers shoulder the pain from high bills spurred by continuing inflation, the Iran war and datacenter growth, a new review of industry financial documents shows.Utility bills are up as much as 40% in some regions since 2021, and, nationwide, utilities shut off power to customers 13m ti...
Dubai scraps minimum property value for solo investor visas, sets joint ownership floor: What it means
Dubai: Dubai has eased requirements for its two-year property-linked residency visa, removing the minimum property value for sole owners while introducing a Dh400,000 minimum share per investor for jointly owned assets.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The update, issued by the Dubai Land Department (DLD) through its Cube platform, replaces the earlier Dh750,000 threshold for individual buyers with a more flexible ownership-based approach.No mini...