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Itausa, GIC and Equipav Said to Create Group to Bid for Copasa
Itausa SA, the Singapore sovereign wealth fund GIC and Equipav Saneamento SA are planning to jointly bid to become strategic investors in the privatization process for Copasa, the sanitation company owned by the government of Minas Gerais, according to people familiar with the matter.
Here's how much interest a $15,000 CD account can earn now
MoneyWatch: Managing Your Money Here's how much interest a $15,000 CD account can earn now 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 wr...
Lucky Motors partners with China's GAC as it bets fuel shock will drive EV switch
Lucky Motors is betting fuel-price shocks and rooftop solar adoption will speed up electric vehicle demand, as it launches EVs with Chinese state-owned automaker Guangzhou Automobile Group (GAC) and plans local assembly as early as the year-end, its CEO told Reuters. The launch comes as local consumers face their sharpest fuel price increases in years, with prices double those of four years ago, as the US-Iran conflict disrupts supply through the Strait of Hormuz. “Every crisis has an opportunit...
BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s
Mega IPOs like those eyed by SpaceX and OpenAI threaten to push the weighting of tech in equity benchmarks beyond market-bubble levels of concentration, according to Bank of America Corp. strategist Michael Hartnett.
AI-Fueled Rally Puts S&P 500 on Track for Eighth Weekly Gain
US equity futures rose as investors struck an upbeat tone ahead of a long holiday weekend, with optimism fueled by hopes for resolution of hostilities in the Middle East, resilient economic data and relentless enthusiasm for artificial intelligence-linked trades.
Kevin Warsh to Be Sworn In as Fed Chair Today
Kevin Warsh is set to be sworn into office as the 17th chair of the Federal Reserve, taking over at a tense moment for the economy and the central bank. Krishna Guha, Evercore ISI vice chair and head of central bank strategy, talks about how Warsh will manage monetary policy. (Source: Bloomberg)
Musk’s Latest Venture Gives Space Stocks Their Own Tesla Surge
With the highly-anticipated debut of SpaceX on the US stock market around the corner, euphoria for Elon Musk’s rocket venture is drawing comparisons to Tesla Inc.’s effect on electric-vehicle stocks.
Kayne Anderson Raises $5 Billion for Latest Real Estate Fund
Kayne Anderson Capital Advisors’ real estate arm has raised $5.12 billion for its largest-ever opportunistic fund, blowing past its original target of $3 billion amid booming demand for healthcare and consumer-related services.
Deutsche, JPMorgan See Weaker Canadian Dollar as Inflation Cools
Deutsche Bank and JPMorgan are piling up on wagers that the Canadian dollar will continue to fall in 2026 as the country’s tame inflation readings fuel a rethink of the Bank of Canada’s interest-rate hike outlook.
Mercuria Gets October UK Trial in Multibillion Dollar Hormuz Spat
Commodity trader Mercuria Energy Group Ltd. was granted an early trial over an alleged distortion to the world’s benchmark oil tanker rate that it argues is costing the company hundreds of millions of dollars.
Pets at Home hoping for boost under new boss despite consumer pressure
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Man pays ‘zero tax’ on Rs 5 crore land sale despite filing ITR late; why ITAT gave tax exemption
Mumbai ITAT grants capital gains tax relief to a taxpayer who filed his Income Tax Return late. The tribunal ruled that reinvesting gains into a new property before a belated return fulfills Section 54 requirements, even without depositing funds in the Capital Gains Account Scheme.
Inditex Celebrates 25th Anniversary of IPO
Customers are increasingly demanding 'experiential' retail interactions when it comes to buying clothes, whether that be online or in-store says Óscar García Maceiras, CEO of retail conglomerate and Zara owner Inditex. In an exclusive interview, he discussed 25 years of Inditex being a publicly traded company, the value of being a family-owned company, the use of AI in retail, and the importance of diversification both geographically and across product lines. He spoke on "The Pulse with Fran...
Bellwether Industrial Metal Copper Is Trading Like an AI Stock
Copper, famed for tracking shifts in the global industrial economy, is trading like a high-flying tech stock as investors bet that skyrocketing power use for artificial intelligence will fuel a surge in demand.
US Stocks Eye Longest Stretch of Weekly Gains Since 2023 | Bloomberg Brief 5/22/2026
The Pentagon weighs scrapping a conditional loan offer to rare-earths refiner ReElement Technologies amid an agreement that was meant to help break China's dominance on critical minerals. Shares of Spanish retail group Puig Brands drag as merger talks with Estee Lauder falls through. Priya Misra of JPMorgan Asset Management discussed the economic implications of a prolonged conflict in the Middle East. (Source: Bloomberg)
Opinion: Opinion | India's Oil Reserves: How Long Can They Last As Iran War Continues?
From a future energy security perspective, India will have to significantly enhance its SPR capacities from 17 days to a minimum of 45 days on land, with the possibility of another 10-15 days of SPR on sea on tankers.
Investec Eyes EU Bounty
Investec has applied for Ireland banking license as it seeks to boost its presence in Europe, and tap one of the world’s largest financial systems. Group CEO Fani Titi spoke to Bloomberg's Jennifer Zabasajja from London. (Source: Bloomberg)
Samsung’s memory chip employees negotiated $340,000 bonuses this year
48,000 Samsung workers had threatened to strike unless bonus caps were lifted. | Photo: Jung Yeon-je / AFP via Getty Images Details have emerged about a tentative deal struck between Samsung and semiconductor employees who had threatened to strike. The deal reportedly makes some workers eligible for average annual bonuses of $340,000. The proposed 18-day strike had hinged on Samsung's bonus cap for employees in the semiconductor division, and followed a substantial rise in the possible b...
Blue Jays’ Injury Mistake Costs The Team A $24 Million Season
BusinessSportsMoneyBlue Jays’ Injury Mistake Costs The Team A $24 Million SeasonByPeter Chawaga,Contributor.Forbes contributors publish independent expert analyses and insights. Peter Chawaga is a writer and editor covering Major League Baseball.Follow AuthorMay 22, 2026, 07:00am EDTTORONTO, ON - March 26 Ross Atkins is the EVP of baseball operation and GM and is seen speaking to the media.The Toronto Blue Jays held their media day at the Rogers Centre in MLB baseball action ahead of their home...
AI layoffs may be backfiring on companies
A lot of workers have had the same uneasy thought lately: "Is AI coming for my job?" It is a fair question. Companies keep talking about automation, AI agents and lower costs. Some workers hear that and wonder whether their next performance review will come with a chatbot-shaped shadow in the room.However, a new Gartner study suggests the story may be more complicated. Many companies are cutting jobs while adopting AI, but those cuts are not clearly producing better returns. Gartner says about 8...