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Parallel Web Systems hits $2B valuation five months after its last big raise
Parallel Web Systems, the AI agent-tool startup founded by former Twitter CEO Parag Agrawal, has raised a $100 million Series B at a $2 billion valuation led by Sequoia. Existing investors Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, and Terrain Capital also participated, the company said. This raise comes just five months after the startup announced its $100 million Series A at a $740 million valuation led by Kleiner and Index, and brings the total capit...
Fed holds rates steady for third straight meeting as four officials dissent
NewsWorldAmericasUS politicsFed holds interest rates steady for third straight meeting as four officials dissentThe dissents underscore the level of division on the Fed's 12-member rate-setting committeeChristopher Rugaber Wednesday 29 April 2026 19:29 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"...
Fed Can Stay on Hold This Year, JPMorgan's Michele Says
Bob Michele, global head of fixed income at JPMorgan Asset Management, says the inflation risk posed by the Iran conflict means the Federal Reserve can stay on hold through year-end on Bloomberg Television. (Source: Bloomberg)
Fed Leaves Rates Unchanged, Four Officials Dissent
The Federal Reserve leaves interest rates unchanged in a range of 3.5% to 3.75%. But four officials voted against the decision. It’s the first time since 1992 that there were four dissents. Bloomberg’s Michael McKee reports.
Kone Agrees to Buy TK Elevator for $34.4B
Bloomberg's Liana Baker joins Dani Burger on "Bloomberg Deals." Kone agreed to acquire TK Elevator for $34.4 billion including debt, transforming the Finnish company into the industry’s dominant player and putting new pressure on its rivals. (Source: Bloomberg)
2026 Another Catalyst Rich Year: AstraZeneca CFO
Aradhana Sarin, AstraZeneca CFO, joins Dani Burger and Katie Greifeld on "Bloomberg Deals." AstraZeneca’s profit grew more than expected in the first quarter, bolstered by demand for its blockbuster cancer medicines. (Source: Bloomberg)
UAE keeps key interest rate unchanged, mirroring US Fed move
Dubai: The Central Bank of the UAE (CBUAE) announced late Wednesday it has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%.This CBUAE decision was taken following the US Federal Reserve's decision to leave interest rates unchanged.The #CentralBankUAE has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. pic.twitter.com/X93JonzBLe— Central Bank of the UAE (@centralbankuae) April 29, 2026 Stay updated...
UAE maintains benchmark interest rate at 3.65% following US Fed decision
The Central Bank of the UAE on Wednesday held its benchmark interest rate at 3.65 per cent.In a statement, the bank said it was maintaining the base rate applicable to the overnight deposit facility at 3.65 per cent. The decision follows a similar move by the US Federal Reserve, which continued to hold its key rates for a third successive month. The UAE follows US monetary policy as the UAE dirham is pegged to the US dollar.Stay up to date with the latest news. Follow KT on WhatsApp Channel...
What the Fed rate pause may mean for mortgage interest rates
MoneyWatch: Managing Your Money What the Fed rate pause may mean for mortgage interest rates 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...
Federal Reserve keeps interest rates unchanged, cites Middle East conflicts uncertainty
US Fed Federal Open Market Committee (FOMC) meet: Jerome Powell-led US Federal Reserve on Wednesday kept the interest rates unchanged in the 3.5-3.75% range citing upside risks to inflation in view of the rising global energy prices.
How 'Little Sparta' UAE shocked the Gulf by going its own way on oil
Middle East ConflictHow 'Little Sparta' UAE shocked the Gulf by going its own way on oilAt the heart of the UAE’s new direction is a stark policy divergence with its larger neighbor Saudi Arabia, as well as mounting frustration with the Gulf states’ response to attacks by Iran.Listen to this article with a free account00:0000:00 body:has(.jw-flag-floating) .article-hero__container, body:has(.jw-flag-floating) .article-hero__media-holder, body:has(.jw-flag-floating) #content { z-index:...
Fed leaves interest rates unchanged in defiance of Trump’s calls for cuts
Fed officials cite elevated inflation, slow job growth and uncertainty in Middle East as reasons for holding ratesSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve left interest rates unchanged after its latest board meeting, defying once again Donald Trump’s call for a cut as the central bank prepares for a leadership shake-up next month.On Wednesday, Fed officials continued to cite elevated inflation, slow job growth and uncertainty in the Midd...
US interest rates unchanged at Fed meeting, likely Powell's last as chair
Dubai: The US Federal Reserve kept interest rates unchanged for a third straight meeting on Wednesday, likely the last one with chairman Jerome Powell at its helm.Sign up for our daily business newsletter, Cheques & Balances.The Fed, which earlier penciled in one rate cut in 2026, cut rates three consecutive times last year before holding them steady at its January meeting. In the second day of their policy gathering, Fed officials would be assessing the risks of surging energy prices and snarle...
Federal Reserve holds interest rates steady for third straight meeting
MoneyWatch Federal Reserve holds interest rates steady for third straight meeting .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 Bi...
Pernod Ricard and Jack Daniel’s Maker End Merger Discussions
Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals." Jack Daniel’s owner Brown-Forman and Jameson whiskey maker Pernod Ricard SA terminated their merger talks, marking an abrupt end to a potential transatlantic deal that was aimed at contending with the industry’s downturn. (Source: Bloomberg)
United Airlines flight 3000 feet in the air COLLIDES with 'red, shiny' drone in airspace
The United Airlines Boeing 737 reportedly hit the mysterious red drone over San Diego at around 3000 ft in the air.
Latifa bint Mohammed launches Creative Sector Resilience Portfolio to support Dubai’s creative economy - Emirates 24|7
Latifa bint Mohammed launches Creative Sector Resilience Portfolio to support Dubai’s creative economy Emirates 24|7
Has the UAE just broken the oil cartel that has been squeezing India for decades?
Has the UAE just broken the oil cartel that has been squeezing India for decades
Pershing Square's Ackman Talks IPO, State of Markets
Pershing Square founder and CEO Bill Ackman discusses the recent IPO of Pershing Square's new closed-end fund and alternative asset manager. Ackman emphasizes that this IPO marks the beginning of a long-term journey, with $5 billion in capital ready to be deployed within weeks. He speaks with Dani Burger on "Bloomberg Deals." (Source: Bloomberg)
Russian stock indices down more than 2% as trading on Moscow Exchange closes
The MOEX Index fell 2.1% to 2,639.82 points, while the dollar-denominated RTS Index dropped 2.35% to 1,110.57 points