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Inflation hits highest level in nearly 3 years, Fed's preferred gauge shows
Inflation rose for the second consecutive month as the Iran war drove up gas prices.
Two US benefits fraudsters arrested after stealing more than $21MILLION from American taxpayers
Two benefits fraudsters in the United States have been arrested after stealing more than $21million from American taxpayers.The pair are facing eight counts of healthcare fraud as well as two further counts of money laundering.Shamso Ahmed Hassan and Hanaan Mursal Yusuf are suspected of swindling the massive sum from US citizens by submitting false and fraudulent claims to Medicaid. Medicaid is a federal-state partnership which hands out discounted health insurance to Americans across the countr...
Self-employed people making over £20,000 ‘encouraged’ to get income down to avoid new tax rules
New rules for self-employed workers and landlords risk creating another “cliff edge” that tempts people to limit their earnings, tax experts have warned. From 6 April 2026, sole traders and landlords with a qualifying income of more than £50,000 must keep digital records and send quarterly summaries of their income and expenses to HMRC under the Making Tax Digital (MTD) rules. The threshold will fall to £30,000 from April 2027 and £20,000 from April 2028. The updates are not the same as filing...
Copasa Relaunches Share Offering After Bids Came Below Minimum
Cia de Saneamento de Minas Gerais announced new terms for its privatization process, after two bids for a 30% stake in the Brazilian water utility came in below the government’s expectations.
Martin Lewis issues urgent energy bill guidance for households ahead of £211 hikes
Millions of households across Britain are facing higher energy bills from July 1 after the energy price cap was confirmed to rise by 13 per cent.Gas prices are expected to see the largest increase, rising by 24 per cent under the latest changes.For a typical household using gas and electricity and paying by direct debit, annual energy costs will increase to £1,862.The rise represents an increase of £221 compared with current levels and is expected to add around £18 per month to household bills....
Dollar Falls Against Major Peers on Report of US-Iran Deal
The dollar fell against all of its major peers after a report that the US and Iran reached an agreement to extend a ceasefire, pending the approval of President Donald Trump.
KBRA Assigns Preliminary Ratings to Oban Cards 2026-1 PLC
KBRA UK (KBRA) assigns preliminary ratings to five classes of notes to be issued under the Oban master trust structure, a UK credit card ABS programme backed by receivables originated and serviced by Vanquis Bank Limited (Vanquis Bank, the Company or the Servicer). The issuance relates to Series 2026-1 (the Series), which will be issued by Oban Cards 2026-1 plc. Credit enhancement for the rated notes consists primarily of subordination of junior note classes, excess spread generated by the rece...
Delfin Is Close to Proceeding With First US Floating LNG Project
Delfin Midstream Inc. is close to greenlighting what would be the first floating liquefied natural gas export site in the US, according to people familiar with the matter.
Hanson and Joyce bill taxpayers for flights to private events on luxury cruise ship hosted by Rinehart
Exclusive: Parliamentary records show the One Nation MPs claimed travel expenses for fundraising events on exclusive cruise liner where mining billionaire owns an apartmentGet our breaking news email, free app or daily news podcastPauline Hanson and Barnaby Joyce billed taxpayers more than $3,000 to attend fundraising and donor events on board the luxury cruise ship The World, hosted by the mining billionaire Gina Rinehart.Guardian Australia can reveal that in December last year Hanson and Joyce...
A Weak Dollar Subsidy That The U.S. Oil Industry Can’t Compete Without
BusinessPolicyA Weak Dollar Subsidy That The U.S. Oil Industry Can’t Compete WithoutByJohn Tamny,Contributor.Follow AuthorMay 28, 2026, 11:00am EDTROBINSON TOWNSHIP, PENNSYLVANIA - OCTOBER 26: A hydro-fracking drilling pad for oil and gas operates October 26, 2017 in Robinson Township, Pennsylvania. The Kendal well pad is using a horizontal drilling technique for extracting oil and gas in the extensive Marcellus shale formation. (Photo by Robert Nickelsberg/Getty Images)Getty Images“Rates of ret...
Shadow Banking's $1.47 Trillion Takeover Of U.S. Bank Lending
MoneyBanking & InsuranceShadow Banking's $1.47 Trillion Takeover Of U.S. Bank LendingByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorMay 28, 2026, 10:56am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Growth in lending to shadow banks is eclipsing other loans.gettyTwo must-read reports — the FDIC Bank Quarterly and the Alvarez & Marsal deregulation primer — reveal how eighteen months of regulatory rollback u...
What will happen to gold and silver prices this June? Here's what experts expect.
MoneyWatch: Managing Your Money What will happen to gold and silver prices this June? Here's what experts expect. 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 Tim Maxwell Tim Maxwell Tim Maxwell is a freelance writer who covers investing, real estate, banking, credit education and other personal finance topics....
Dems in Maine's Trump-friendly district back Platner despite party backlash
Democrats running to replace retiring Rep. Jared Golden in Maine’s Trump-friendly 2nd Congressional District are lining up behind controversial Senate candidate Graham Platner despite mounting backlash from centrists within their own party.After Gov. Janet Mills, D-Maine, exited the Senate race in late April, the three leading Democratic contenders vying for the open House seat backed Platner, the presumptive Democratic nominee, ahead of the June 9 primary.Unlike the Democrats seeking to replace...
How and where global 2 billion barrels of strategic oil reserves are stockpiled
The U.S. stores its strategic oil reserves in subterranean salt caverns along the Gulf Coast, like this one in West Hackberry, Louisiana, photographed on June 1, 1980. Robert Nickelsberg/Hulton Archive via Getty Images Drive on Interstate 10 along the Gulf Coast of the United States, through Louisiana and into Texas, and you’ll see signs of the oil industry everywhere. There are offshore rigs out in the water and refineries lining the shoreline, where tankers deposit crude oil extracted...
Workplace NDA ban may bring Tribunal dispute hike
A government proposal to ban the use of non-disclosure agreements in cases of workplace harassment or discrimination may make it harder for disputes to be settled outside of tribunals. The proposal, ‘Make Work Pay’, which is open for consultation until 8 July and part of the recent overhaul of the Employment Rights Act, would ban the use of NDAs in cases involving workplace harassment or discrimination. City law firm Littler, which is known for advising corporate clients with employment i...
Major British engineering firm collapses into administration with 200 airport jobs at risk
A historic Scottish engineering company employing around 200 people has collapsed into administration, placing hundreds of jobs at risk after more than 50 years in business.Wallace McDowall Ltd, which operates from Glasgow Prestwick International Airport, appointed administrators today according to Companies House filings.The engineering and metalwork manufacturing specialist was founded in April 1969 and has grown over the decades into a major employer within Ayrshire’s manufacturing sector.The...
Villas, cars and cash: Italy seizes dead Mafia mobster's millions
Villas, cars and cash: Italy seizes dead Mafia mobster's millions16 minutes agoShareSaveAdd as preferred on GoogleSarah RainsfordRome correspondentReutersMatteo Messina Denaro was arrested after decades on the run in 2023, and later died in jailYou may find some of the details of Messina Denaro's crimes disturbingAnti-mafia investigators in Italy have seized cash, companies and other assets worth more than €200m (£175m) in an operation they say targeted the network of notorious late Sicilian maf...
What’s Inside New York’s $269 Billion Budget: Second-Home Tax, Restrictions on ICE and More
Gov. Kathy Hochul used the budget as a vehicle for policy initiatives, including a new second-home tax and a push to make the state less hospitable to ICE agents.
Understanding Vendor Liability For Investment Advisors: What Regulation S-P Means For Third-Party Risk
InnovationUnderstanding Vendor Liability For Investment Advisors: What Regulation S-P Means For Third-Party RiskByBen Tercha,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 28, 2026, 10:45am EDTBen Tercha is COO at Omega Systems, an award-winning managed IT services provider (MSP) and managed security service provider (MSSP). gettyPicture this:...
Tech Mahindra president: UK needs less hesitation, more conviction
Each week, we dig into the memory bank of the City’s great and good. Today, Tech Mahindra president Arshul Asnani, who returned to London after almost 20 years in Silicon Valley, takes us through his career in Square Mile and Me CV Name: Harshul Asnani Job title: President and head of Europe Business at Tech Mahindra Previous roles: Global leadership roles in technology across telecom, Hitech and enterprise transformation in the US and Europe Born: India Lives: London Studied: Eng...