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Boston Fed President on FOMC Dissent and Kevin Warsh’s Nomination
On the Big Take podcast, host David Gura and Bloomberg’s Maria Eloisa Capurro discuss her interview with Boston Fed President Susan Collins. They explore inflation, the economic fallout of the conflict in Iran and how the US central bank might evolve under Kevin Warsh’s leadership. (Source: Bloomberg)
California becomes first state to provide a month of free diapers to all newborns
Parents will soon receive hundreds of free diapers before leaving the hospital under a new program aimed at alleviating expensesCalifornia families welcoming newborns will soon receive hundreds of free diapers before leaving the hospital under a first-in-the-country program announced Friday by the state’s governor, Gavin Newsom.During the program’s first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients,...
Whole Foods sparks outrage over 'constant' army of delivery trucks
Residents of a tranquil Chelsea street claim their neighbourhood has been transformed into an industrial zone following the arrival of a Whole Foods flagship store.The upmarket supermarket opened its doors on the King's Road in March 2025, but those living on Elystan Place, the quiet lane behind the shop where deliveries are made, say life has become intolerable.One woman residing in a flat directly above the delivery route told the Daily Mail: "I feel like we've all been taken for fools. This i...
Blue Owl BDC Won Big New Investment by University of California
A $200 billion investment fund for the University of California system added almost 30 million shares of Blue Owl Technology Finance Corp. in the first quarter, in a sign of institutions seizing upon volatility in the private credit market.
What the Trump administration's latest tariff blow means for businesses
MoneyWatch What the Trump administration's latest tariff blow means for businesses .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 8, 2026 /...
Govt hikes petrol by Rs14.92 per litre, diesel by Rs15
The government raised the price of petrol by Rs14.92 per litre and that of high-speed diesel (HSD) by Rs15 on Friday. Following the increase, the price of petrol stands at Rs414.78 per litre and HSD’s at Rs414.58. The Petroleum Division’s press release notifying the increase said the new prices would be effective from May 9. Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-spee...
Private Credit Going Through 'Growing Pains': Aronov
Oksana Aronov, head of market strategy for alternative fixed income at JPMorgan Asset Management, joins Bloomberg's Caroline Hyde, Emily Graffeo, and Davide Scigliuzzo on "Bloomberg Real Yield." (Source: Bloomberg)
Libya’s largest oil refinery halts operations during fighting
Zawiya refinery shut down in 'precautionary measure' as emergency declared following explosions and gunfire nearby.
Iconic British charity begins nationwide store closures as 190 shops set to leave high street
Cancer Research UK has closed its Aberdeen branch on Rosemount Viaduct today as part of a sweeping restructuring programme that will see 190 stores shut permanently across Britain by 2027.The Aberdeen closure forms part of an initial wave of 90 shop shutdowns scheduled to be completed by the end of this month.The charity first announced the retail overhaul in October 2025, citing mounting financial pressures facing high street operations across the country.Nine Scottish stores were included in t...
Energy bill discounts worth £150 given to 250,000 British households
Labour has confirmed a major expansion of the Warm Home Discount scheme, with around 250,000 additional Scottish households set to qualify automatically for the £150 energy bill rebate from winter 2026/27.New regulations approved by Parliament will extend the scheme until at least March 2031.The changes mark a significant overhaul in how support is delivered to households in Scotland during the colder months when energy bills are typically at their highest.The Warm Home Discount provides financi...
Fed Doesn't Need to Cut Now: Rosner
Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, and Oksana Aronov, head of market strategy for alternative fixed income at JPMorgan Asset Management, join Caroline Hyde and Emily Graffeo on "Bloomberg Real Yield." (Source: Bloomberg)
Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high
Cloudflare on Thursday joined a growing list of tech companies — including Meta, Microsoft, and Google — that have reported increased revenue alongside and massive layoffs, attributing both trends to their use of AI. Cloudflare, which provides internet security and performance services to millions of websites worldwide, announced it was cutting its workforce by approximately 20%, which equates to 1,100 people, it said as part of its first quarter 2026 earnings report on Thursday.
US Wage Gains Moderated, Jobless Rate Holds | Real Yield 5/8/2026
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: JPMorgan Head of Market Strategy, Alternative Fixed-Income Oksana Aronov, Goldman Sachs Asset Management Lindsay Rosner, and Pimco Multi-Asset Credit Strategist Loti Karoui. (Source: Bloomberg)
Bangladesh Thai Aluminium PLC reinvents brand, diversifies into new markets
Bangladesh Thai Aluminium (BTA), which manufactures structural Aluminium profiles for building glazing and interiors, has undergone a transformation strategy designed around three goals: brand value, domestic growth and sectoral diversification. A balancing, modernisation, restructuring and equipment programme saw the introduction of new product options, increased capacity and upgraded facilities, while a renewed local focus targeted grass-roots customers in semi-urban and rural areas. “We took...
Banglamark Group powers Bangladesh growth with global partnerships and UAE investment
Banglamark Group is a diversified Bangladeshi industrial solutions provider operating across sectors including energy, infrastructure, agriculture and machinery. The company was founded in 2010 with a clear purpose: to address gaps in energy supply and customer needs. Its evolution has been shaped by targeted responses to market demands, a focus on service delivery and the cultivation of international partnerships – an ethos that continues to drive its growth.“We began with the energy sector, wi...
Here’s Where Jobs are Actually Growing And Shrinking In Today’s Economy
BETAThis is a BETA experience. opt-out hereBusinessEditors' PickHere’s Where Jobs are Actually Growing And Shrinking In Today’s EconomyApril marked the first back-to-back month of job gains in a year. But one economist explains why there are real weaknesses beneath the surface. ByCourtney Connley-Hampton,Writer. I cover careers, workplace trends, and leadership topics. Follow AuthorMay 08, 2026, 02:08pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experien...
ASEAN leaders adopt measures to ease economic pain caused by Iran war
The bloc currently imports more than half of its crude oil from the Middle East.
What's the required minimum distribution from a $300,000 retirement account?
MoneyWatch: Managing Your Money What's the required minimum distribution from a $300,000 retirement account? 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...
Smart Group of Industries: Building Bangladesh’s diversified powerhouse
Smart Group of Industries began as a single garment factory in a rented building in Chittagong in 2000. Today, it operates eleven business divisions and employs 25,000 people across textiles, logistics, energy, real estate, chemicals, media and more. The group’s development into an industrial conglomerate has been shaped by consistent reinvestment, vertical integration and long-term strategy. “My vision evolved from running a successful apparel operation to building a diversified industrial grou...
Cuba Faces ‘Devastating’ Ripple Effects From US Hit to Mining
Canadian miner Sherritt International Corp.’s decision to shut down its nickel operations in Cuba under US duress will weigh heavily on an economy that’s already starved for hard currency and fuel.