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Quiz to shut all 37 stores by end of June after administration
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StraightPath Founders Get Prison for $386 Million Pre-IPO Fraud
The founders of StraightPath Venture Partners LLC were sentenced to years in prison for defrauding investors who gave them $386 million to supposedly invest cheaply in hot companies about to go public.
BlackRock Latam ETF Sees Outflows on AI Shift, Local Politics
Investors are selling the largest exchange-traded fund tracking Latin American stocks at the fastest pace in years as mounting political uncertainty across the region and the artificial-intelligence trade in Asia prompt money managers to rethink their exposure.
Fed’s Barkin Says Repeated Supply Shocks Test Inflation Anchor
Federal Reserve Bank of Richmond President Tom Barkin said the ability of businesses and consumers to tolerate the latest in a series of supply shocks will determine whether the US central bank can continue to “look through” higher inflation without raising interest rates.
I tried the viral K-Beauty brand loved by Kylie Jenner, and it transformed my skin
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Oil markets nearing ‘red zone’ as holiday season nears, warns IEA chief
Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by AugustOil markets will enter “red zone” by July and August as stocks dwindle before the summer travel season amid a shortage of fresh oil exports from the Middle East, the executive director of the International Energy Authority warned on Thursday.Fatih Birol added that the most important solution to the Iran war energy shock was a full and unconditional reopening of the strait of Hormuz. Continue re...
Former boss of collapsed investment firm jailed for illegally selling hot tub
Michael Thomson admitted to breaching a restraining order by selling a range of luxury itemsThe former boss of collapsed investment firm London Capital & Finance (LC&F) has been imprisoned for six months for contempt of court, after admitting breaching a restraining order by selling luxury items including horse saddles and a hot tub.Michael Thomson’s actions were characterised by Judge Milne as an attack on the administration of justice. Thomson was sentenced alongside his wife, Debbie, who also...
Single-sex spaces guidance finally published more than a year after landmark Supreme Court ruling
New guidance has finally been laid out on single-sex spaces to ensure the protection of “people’s rights across our country." The updated guidance has been published more than a year after a landmark Supreme Court ruling in April 2025 which said the words “woman” and “sex” in the Equality Act 2010 refer to a biological woman and biological sex.Women and equalities minister Bridget Phillipson said that ruling had “made it clear that sex means biological sex” under the Equality Act, “and that tran...
Trump Advisor Predicts Gas Price Drop
Jarrod Agen, Executive Director of National Energy Dominance Council and President Trump's energy advisor joined Bloomberg Open Interest to talk about how gas prices will drop fast once the Strait of Hormuz reopens. He also defends the administration’s aggressive “Drill Baby Drill” agenda. Agen touts record oil lease sales, LNG expansion, Alaska drilling, and a possible gas tax holiday as America races for “energy dominance.” (Source: Bloomberg)
For Bitcoin ETF Holders, a Market Recovery Is a Reason to Sell
Bitcoin’s bad stretch of ETF outflows has exposed an uncomfortable dynamic in the crypto market’s structure: the price level that should draw buyers back in is the one that also prompts some of the heaviest selling.
Walmart warns US shoppers are cutting spending as higher gas prices bite
Walmart warns US shoppers are cutting spending as higher gas prices biteJust nowShareSaveAdd as preferred on GoogleArchie MitchellBusiness reporterGetty ImagesWalmart has warned higher gas prices are causing US consumers to cut spending elsewhere as the war with Iran continues to squeeze household budgets.The retail giant expects its sales growth between May and July to slow significantly from the previous three months, with higher prices at the pump to blame.The conflict in the Middle East has...
Rhode Fuels Elf Surge
Elf Beauty CFO Mandy Fields joins Bloomberg Open Interest to break down the company’s massive earnings beat, revealing how Rhode fueled nearly all quarterly growth. She also explains why Elf is expanding beyond TikTok with a Survivor partnership, while maintaining luxury-level profit margins on affordable beauty products. (Source: Bloomberg)
Can a creditor empty your entire bank account with a bank levy?
MoneyWatch: Managing Your Money Can a creditor empty your entire bank account with a bank levy? 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 Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she write...
Fed at Crossroads of Modern-Day Maestro and Arthur Burns Redux
History offers a cautionary parallel. During the dot-com boom of the 1990s, then-Fed Chairman Alan Greenspan correctly argued that rapid productivity gains would help restrain inflation. But the central bank did not slash rates. Initially, it just held them steady. By the end of the decade, however, the Fed raised them sharply as investment surged and the economy accelerated. Lakshman Achuthan, COO and co-founder at ECRI, discusses why he felt the inflation cycle was beginning an upward trend pr...
Drahi’s Optimum in Talks for New Money That Hits Lenders It Sued
Optimum Communications Inc., formerly known as Altice USA, is negotiating a new financing deal that could dilute the collateral backing its existing debt, potentially escalating a feud with a group of creditors it sued last year.
Australia's youngest killer is so obsessed with Kylie Minogue that prison psychologists use her name to help him grasp the consequences of violence
Australia's youngest killer is so obsessed with Kylie Minogue that prison psychologists use her name to help him grasp the consequences of violenceKylie used by psychologists to teach SLD about consequences Killer fought inmates defending singer's honour in prisonREAD MORE: The boast that cost youngest killer his chance of freedomSee more Daily Mail on Google - save us as a Preferred SourceBy JONICA BRAY SENIOR REPORTER Published: 16:15, 21 May 2026 | Updated: 16:15, 21 May 2026 e-mail View comm...
Walmart Reports Solid Sales Growth; Deere Gets Construction Boost | Stock Movers
On this episode of Stock Movers with Alexis Christoforous: - Walmart (WMT) shares are on the move after reporting earnings. It reported solid sales growth, with comparable sales in US stores rising, excluding fuel, in the latest quarter. The company's focus on low prices, fast delivery, and wide assortment has helped it gain market share across income levels. - Intuit (INTU) shares are sinking after the tax-preparation software company reported its third-quarter results and gave an outlook. It...
Walmart plans price cuts using tariff refunds as shoppers get skittish
Now that the U.S. government must refund most tariffs, Walmart says it might put its refund money toward lowering store prices. Executives say the cost of gas has shoppers increasingly under stress.(Image credit: Will Newton)
Nuclear Company Deep Fission Files for $156 Million IPO
Deep Fission Inc. is seeking to raise up to $156 million in a US initial public offering, the latest nuclear startup to go that route as artificial intelligence data centers stoke demand for electricity.
Wall Street banks helped Chinese military-linked firm raise billions despite red flags, lawmakers find
FIRST ON FOX: Congressional investigators are accusing major U.S. banks of helping a Chinese battery giant the Pentagon labeled a "Chinese military company" raise billions of dollars from global investors despite unresolved national security concerns.A new report from the House Select Committee on the Chinese Communist Party alleges JPMorgan Chase and Bank of America underwrote CATL’s Hong Kong IPO — helping the company raise money from investors through stock offerings — after the Pentagon desi...