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JetBlue to Deepen Cost Cuts as Quarterly Loss Widens

JetBlue Airways Corp. reported a larger than expected first-quarter loss on higher fuel costs and volatile demand. The carrier said it plans to recapture 30%-40% of fuel costs in the second quarter. Tom Fitzgerald of TD Cowen examines the results on “Bloomberg Surveillance.” (Source: Bloomberg)

Barclays Eyes Over 50% Recovery on MFS as Asset Hunt Uncertain

Barclays Plc hopes to get back much of the £500 million ($674 million) it lent to Market Financial Solutions Ltd. even as insolvency officials overseeing the now-collapsed mortgage lender remain uncertain on how much can be recovered.

Data Center-Linked Bonds Slide as OpenAI Report Fuels Worries

US corporate bonds linked to data-center firms fell Tuesday after the Wall Street Journal reported that OpenAI recently failed to meet its own goals for new user acquisition and sales, fueling internal concerns that the company may struggle to support its spending on artificial intelligence infrastructure.

United Arab Emirates to quit oil cartel Opec

United Arab Emirates to quit oil cartel OpecJust nowShareSaveAdd as preferred on GoogleBBCThe United Arab Emirates (UAE) has said it is quitting the Opec and Opec+ groups of major oil producing nations after nearly 60 years.The UAE said the decision reflected its "long-term strategic and economic vision and evolving energy profile".The decision is seen as a blow to the cartel with one analyst describing the exit as "the beginning of ther end of Opec".The Gulf state's ene...

Southwest CEO addresses rising fuel costs amid war with Iran and its impact on travelers

On average, domestic airfare is up about 18% compared to last year. A key factor is the surging fuel costs for airlines amid the war with Iran. Now, several low-cost carriers have asked the government for help as they grapple with the high cost of fuel. Kris Van Cleave spoke with Southwest's CEO about the impact of fuel costs.

UAE to quit Opec in blow to oil exporters’ cartel

Big win for Donald Trump, who has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices Business live – latest updatesThe United Arab Emirates has quit the Opec oil cartel in a heavy blow to the group and its de facto leader, Saudi Arabia, amid the global energy shock caused by the Iran war.The stunning loss of the UAE, a longstanding Opec member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreemen...

Barry Diller’s IAC to Change Name to ‘People Incorporated,’ Plans to Lay Off 77 Staffers in Consolidation of Corporate Functions

Thirty years after Barry Diller established IAC (InterActiveCorp.) as a media holding company, he announced that it will change its name to “People Incorporated” by its Q2 earnings in August. The name change is “to reflect its focus on its People publishing business and its stake in MGM Resorts,” the company said. IAC’s Dotdash Meredith […]

Morocco Spends $160 Million Monthly to Curb Fuel Price Surge

Marrakech – Morocco’s Economy and Finance Minister Nadia Fettah Alaoui told parliament on Monday that the government has been allocating MAD 1.6 billion ($160 million) per month since March 15 to soften the blow of rising fuel prices on Moroccan households. Addressing lawmakers during the weekly oral questions session at the House of Representatives, Fettah Alaoui acknowledged that surging pump prices are driving up transport and supply chain costs, directly eroding citizens’ purchasing po...

United Arab Emirates quits OPEC as Iran war raises gulf tensions

BREAKING NEWSApr. 28, 2026, 12:46 PM UTCEnergyEnergyUnited Arab Emirates quits OPEC as Iran war raises gulf tensions The UAE is the third largest oil producer in OPEC, behind Saudi Arabia and Iraq. Leaving the group is likely a precursor to increasing oil production.Listen to this article with a free account00:0000:00The Dubai skyline, including the Burj Khalifa skyscraper, center, in the United Arab Emirates. Christopher Pike / Bloomberg via Getty Images fileShareAdd NBC News to GoogleBy Steve...

Government rules out fuel price hike after assembly polls conclude tomorrow

Government rules out fuel price hike after assembly polls conclude tomorrow

What are today's mortgage interest rates: April 28, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 28, 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 for the Managing Your Money section for CBSNews.com. He wri...

2 दिन में 40% चढ़ा... कंपनी में एक शख्‍स की एंट्री, फिर रॉकेट बना स्‍टॉक!

Jobseeker uses simple interview trick to triple callbacks, shares strategy

Jobseeker uses simple interview trick to triple callbacks shares strategy

UAE exits oil production groups OPEC, OPEC+ amid global energy crisis

UAE exits oil production groups OPEC OPEC amid global energy crisis

UAE leaves Opec and Opec+ in huge blow to global oil producers' group

The United Arab Emirates (UAE) said on Tuesday it quit Opec and Opec+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the war on iran has caused a historic energy shock and unsettled the global economy. The stunning loss of the UAE, a longstanding Opec member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production quot...

UAE announces decision to exit OPEC & OPEC+

The United Arab Emirates today announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective May 1, 2026.This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy markets.

Frédérique Carrier on Central Bank Patience

Frédérique Carrier, Head of Investment Strategy for UK and Asia at RBC Wealth Management, discussed the recent hawkish stance of the Bank of Japan and contrasted it with expectations for the European Central Bank and the Bank of England. While the Bank of Japan appears to be responding to inflationary pressures more aggressively, both the ECB and BoE are expected to hold rates steady in their upcoming meetings. (Source: Bloomberg)

UAE to Leave OPEC and OPEC+ Next Month to Pursue New Strategy

The United Arab Emirates has decided to leave the OPEC oil producer group after six decades as it plans a strategic realignment in the wake of the Iran war, according to the state-run WAM news agency.

UAE announces decision to withdraw from Opec, Opec+ from May 1

The United Arab Emirates announced today its decision to withdraw from the Organisation of the Petroleum Exporting Countries (Opec) and Opec+, effective May 1, 2026.This decision is in line with the UAE’s long-term strategic and economic vision and the development of its energy sector, including accelerating investment in domestic energy production, and reinforces its commitment to its role as a responsible and reliable producer that looks to the future of global energy markets.This decision cam...

45,800 employees laid off in March 2026, worst layoff month in two years

employees laid off in March worst layoff month in two years