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U.S. trade court rules against Trump's 10% tariffs
Politics U.S. trade court rules against Trump's 10% tariffs By Jacob Rosen, Jacob Rosen Justice Department Reporter Jake Rosen is a reporter covering the Department of Justice. He was previously a campaign digital reporter covering President Trump's 2024 campaign and also served as an associate producer for "Face the Nation with Margaret Brennan." Read Full Bio Jacob Rosen, Faris Tanyos Faris Tanyos News Editor Faris Tanyos is a news editor for CBSNews.com, where he writes and edits stories and...
Beyond Bank Runs: The OCC Warns Of A More Complex Financial Threat
MoneyBanking & InsuranceBeyond Bank Runs: The OCC Warns Of A More Complex Financial ThreatByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorMay 07, 2026, 06:09pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Financial, technological, and operational risks are becoming inseparable.Getty ImagesThe Office of the Comptroller of the Currency’s latest risk assessment offers a striking message for the banking ind...
Trump gives EU until 4 July to ratify trade deal or face ‘much higher’ tariffs
Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementationDonald Trump has said the EU must ratify its trade deal with the US by 4 July or face “much higher” tariffs, after European officials fell short of agreement on the pact.Trump said he spoke to the EU chief, Ursula von der Leyen, about the issue and, he posted on his Truth Social platform, “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much hi...
DOJ probing trades in oil futures and prediction markets just ahead of major Iran war news
Iran warJustice Dept. investigating trades in oil futures and prediction markets ahead of major Iran war newsAt least four oil trades resulted in a combined total of more than $2.6 billion for the traders, who correctly predicted that the price of oil would drop.Listen to this article with a free account00:0000:00Add NBC News to GoogleSource: DOJ investigating suspicious oil trades timed around Iran war01:55Get more newsLiveonShareAdd NBC News to GoogleMay 7, 2026, 5:56 PM EDTBy Michael Kosnar a...
Trade Court Rejects Trump’s Backup Tariff Plan For 10% Global Levies
BreakingBusinessTrade Court Rejects Trump’s Backup Tariff Plan For 10% Global LeviesByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorMay 07, 2026, 05:56pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplinePresident Donald Trump’s 10% global tariffs are illegal, the U.S. Court of International Trade ruled Thursday, delivering another strike against the corners...
Source: DOJ investigating suspicious oil trades timed around Iran war
The Justice Department is investigating a series of oil market trades that right before important moves related to the war with Iran. At least four trades worth $2.6 billion are being examined. NBC News’ Allie Canal explains the timing of the bets.
Kodiak AI raises $100M at a steep discount, sending its stock tumbling 37%
Kodiak AI’s stock tumbled 37% in after-hours trading Thursday after the self-driving truck startup disclosed it had raised $100 million by selling shares at a steep discount — a sign that investors were willing to back the company but not at its current market price. The company sold shares at $6.50 each, well below its closing price of $9.10, according to a filing with the Securities and Exchange Commission (SEC). The raise also included warrants — instruments that give investors the righ...
US trade court rules against Trump’s 10% global tariffs
Trump also says he would give EU until 4 July to implement trade deal commitments before raising tariffs to ‘much higher levels’The US trade court on Thursday ruled against Donald Trump’s latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law.The US Court of International Trade ruled in favor of small businesses that challenged the tariffs, which took effect on 24 February. The ruling was 2-1, with one judge saying it was premature to grant victory...
Gundlach Warns About the Risks Facing Private Credit
Jeffrey Gundlach, CEO and CIO of DoubleLine, discusses the current state of the private credit market. Gundlach compared the present moment in private credit to the conditions seen in 2007, highlighting significant risks and potential domino effects. He speaks on "Bloomberg The Close." (Source: Bloomberg)
$10 Billion Golub Fund Caps Outflows After Requests for 8.5%
Golub Capital is capping withdrawals from its private credit fund after investors sought to pull 8.5% of shares, the latest instance of a money manager restricting outflows amid a wave of redemption requests.
Fake notes mixed with real cash found in 3 abandoned bags on Indore-Ujjain road
Fake notes mixed with real cash found in abandoned bags on IndoreUjjain road
Can AI help you figure out how much money you need to retire?
MoneyWatch Can AI help you figure out how much money you need to retire? .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Read Full Bio Aimee P...
Three things we learned from Crystal Palace win as star shines on historic European night
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Doubleline's Shinoda Sees Good Times Ahead for Commercial Real Estate
Ken Shinoda, Doubleline non-agency residential mortgage-backed securities head, talks about the future of the housing market and mortgages. He says there are good times ahead for commercial real estate. He speaks on a special edition of "Bloomberg The Close" from Los Angeles. (Source: Bloomberg)
Detroit businesswoman, 62, could swap comfortable home for the big house after treating herself to swanky Tunisian rugs
Detroit businesswoman, 62, could swap comfortable home for the big house after treating herself to swanky Tunisian rugsSign up for our US Editor's Picks newsletter to get all the best exclusive stories By ALYSSA GUZMAN, US NEWS REPORTER Published: 22:01, 7 May 2026 | Updated: 22:03, 7 May 2026 e-mail View comments
Taxpayer now takes £150m hit for victims abused in care
Taxpayer now takes £150m hit for victims abused in careClick here to visit the Scotland home page for the latest news and sportBy GRAHAM GRANT, SCOTTISH HOME AFFAIRS EDITOR Published: 21:54, 7 May 2026 | Updated: 21:54, 7 May 2026 e-mail View comments
Elliott Said to Tap Banks to Run Barnes & Noble’s London IPO
Elliott Management Corp. has selected banks to lead a combined initial public offering of book retailers Barnes & Noble Inc. and Waterstones Booksellers Ltd., according to people familiar with the matter.
Gusto hits $1B revenue, a figure that brings it closer to public markets
While AI disruption looms over many legacy SaaS companies, several HR tech startups seem to be thriving. One of these companies is small-business payroll provider Gusto. The 14-year-old company, last valued at over $9 billion, just announced that it surpassed $1 billion in revenue earlier this year. Unlike many startups that report annualized recurring revenue (ARR) — an estimate of the value of their contracts in the upcoming 12 months — Gusto’s figure represents actual revenue earned over the...
She helps families in need. As gas and grocery prices rise, she needs help, too
National She helps families in need. As gas and grocery prices rise, she needs help, too May 7, 20264:34 PM ET Heard on All Things Considered By Tovia Smith She helps families in need. As gas and grocery prices rise, she needs help, too Audio will be available later today.
AI is as a top cause of layoffs, accounting for 26% of April's job cuts
MoneyWatch AI emerges as a top cause of layoffs, accounting for 26% of April's job cuts .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 7, 2...