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Billionaire, 70, settles bitter yearslong divorce with ex-wife after shacking up with new fiancée who's almost half his age
Billionaire, 70, settles bitter yearslong divorce with ex-wife after shacking up with new fiancée who's almost half his ageSign up for our US Editor's Picks newsletter to get all the best exclusive stories By KELLY GARINO, US REPORTER Published: 15:11, 7 May 2026 | Updated: 15:11, 7 May 2026 e-mail View comments
PE Firm Hg Marks Down Fund Value by 9% After Software’s Plunge
Private equity firm Hg marked down the portfolio value of one of its funds by 9% in the first quarter after software valuations fell to a 20-year low, highlighting concerns that artificial intelligence will deal a huge blow to the industry.
What are today's mortgage interest rates: May 7, 2026?
MoneyWatch: Managing Your Money What are today's mortgage interest rates: May 7, 2026? 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 writes...
Mother of 4 released by ICE speaks out: "No one is safe"
Meenu Batra, a certified court interpreter for more than 20 years, is speaking out after spending more than six weeks in ICE custody. CBS News
The Takeaways From McDonald's, Shake Shack and Whirlpool Earnings
Bloomberg's Redd Brown discusses the recent earnings reports from McDonald's, Shake Shack and Whirlpool. McDonald's reported solid earnings but noted a meaningful decline in consumer sentiment in the second quarter. Shake Shack faced weaker earnings as it absorbed higher costs without passing them fully to customers. Whirlpool also reported concerns, citing a recession-level decline in consumer sentiment that is beginning to affect big-ticket purchases like appliances. (Source: Bloomberg)
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On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Citi Sees Oil ‘Moving Around Like Crazy’ in Hope-and-Fear Dance
Oil prices will continue to fluctuate wildly until it’s clear whether Iran and President Donald Trump will strike an agreement to end the war, according to Citigroup Inc.’s global head of commodities research.
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Brent crude oil falls by more than 5%
As of 15:49 Moscow time, Brent was down 5.17% at $96.03 per barrel
California farmers to destroy 420,000 peach trees after Del Monte collapses
NewsWorldAmericasCalifornia farmers to destroy 420,000 peach trees after Del Monte collapsesOfficials said cutting about 50,000 tons of peaches from production could prevent about $30 million in additional losses for farmersErin Keller In Ohio Thursday 07 May 2026 14:19 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"sh...
Germany Sees €52 Billion Tax Hole as Iran War Hits Economy
Germany expects federal tax revenue to plummet by more than €50 billion ($58.9 billion) through 2030 compared to estimates in October as the government laid the blame with US President Donald Trump’s war in Iran.
AirAsia orders 150 Airbus A220 jets in landmark aircraft deal
Dubai: Malaysia’s AirAsia has placed a landmark order for 150 Airbus A220-300 aircraft, marking the largest single firm order ever placed for the A220 programme.Sign up for our daily business newsletter, Cheques & Balances.The agreement also pushes the Airbus A220 programme beyond the 1,000 firm order milestone, Airbus said in a statement. The deal was announced during a ceremony at Airbus’ facility in Mirabel attended by Tan Sri Tony Fernandes and Lars Wagner. The event was also attended by Mar...
US Initial Jobless Claims Up Slightly, Continuing Claims Near Two-Year Low
Applications for US unemployment benefits rebounded slightly, rising by 10,000 to 200,000 in the week ended May 2. Continuing claims fell to 1.77 million in the previous week, a new two-year low. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
BASF Coatings’ €3.9 Billion Debt Deal Lures Threefold Demand
A debt package for the auto paint and finishing division of European chemicals firm BASF SE drew demand of over three times the deal’s size, as investor interest in the troubled sector starts to revive after months in the doldrums.
Amazon Sees ‘Strong’ Upfront Market, Despite Signals of Caution
Many advertising executives say it’s too early to figure out whether the annual “upfront” sales season will be robust for video companies. Alan Moss thinks he’s already in the moment. “The upfront market is strong this year,” says Moss, vice president of global sales for Amazon Ads, during a recent interview. There may be some […]
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Greece submits plan to EU to fully phase out Russian gas by end of 2027
The commitment stems from the EU’s RepowerEU strategy, through which the bloc seeks to fully end energy ties with Moscow
UK construction firms face sharpest rise in costs in nearly 30 years
Iran war is driving up prices for fuel and raw materials, says survey Business live – latest updatesConstruction companies in the UK are experiencing some of the sharpest cost rises in nearly 30 years as the war in Iran drives up prices for fuel and raw materials, according to a closely watched survey.The poll of UK construction companies found that input cost inflation – which accounts for expenses such as raw materials, energy and labour – rose last month to the highest level since June 2022 w...
Apple agreed to a $250 million settlement. Here's how you could get some of your money back.
If you bought an iPhone recently you may be able to get some of your money back. Apple has agreed to a $250 million settlement in a lawsuit over false advertising. Kelly O'Grady explains who is eligible.
Earnings Season Powerful But a Bit Narrow, Liz Ann Sonders Says
Liz Ann Sonders, chief investment strategist at Charles Schwab, looks at the market takeaways from earnings and the performance of Mag Seven stocks this year and says the market “is fine” if interest rates stay where they are. (Source: Bloomberg)