The state-owned savings bank owes nearly £500m to bereaved family members due to a long-running administrative problem * NS&I boss replaced as bank faces record payout over missing savings National Savings & Investment (NS&I) owes nearly £500m in missing payments to bereaved families after it emerged a long-running administrative problem had stopped them gaining access to their money. On Thursday,...
The state-owned savings bank owes nearly £500m to bereaved family members due to a long-running administrative problem * NS&I boss replaced as bank faces record payout over missing savings National Savings & Investment (NS&I) owes nearly £500m in missing payments to bereaved families after it emerged a long-running administrative problem had stopped them gaining access to their money. On Thursday, its chief executive, Dax Harkins, was forced out amid the scandal. Here’s what has gone wrong at the state-owned savings bank. Continue reading...
In this article UAL Follow your favorite stocks CREATE FREE ACCOUNT United Airline flight attendants picketed outside Terminal B at Logan Airport, seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines and its flight attendant union have reached a tentative labor deal that will include their first raises in roughly six years. If ratified by flight attendants, it would ...
In this article UAL Follow your favorite stocks CREATE FREE ACCOUNT United Airline flight attendants picketed outside Terminal B at Logan Airport, seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines and its flight attendant union have reached a tentative labor deal that will include their first raises in roughly six years. If ratified by flight attendants, it would make United the last of the major carriers to secure a labor deal with cabin crew members since the Covid-19 pandemic ended. United flight attendants last July rejected a previous labor deal that would have included immediate, 26% raises, their union said Thursday. The Association of Flight Attendants-CWA, the flight attendants' union, didn't provide specific details about the deal but said it includes higher base pay, additional compensation for flight disruptions and new restrictions on overnight flight assignments. This is breaking news. Please check bac k for updates. Read more CNBC airline news Airlines raise revenue guidance despite rising fuel costs, citing growth in demand United CEO Scott Kirby says higher airfare could be ahead after fuel price spike Iran war threatens $11.7 trillion global travel industry as passengers get caught in crossfire Spirit Airlines plans to slash flights, fleet in bid to emerge from bankruptcy as early as spring Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Reform UK’s deputy leader said big technology companies must “share the pain” with banks of reimbursing the victims of financial fraud facilitated by their platforms. Richard Tice said Reform would examine ways to make tech companies take more responsibility for weeding out fraudulent advertisers using their sites and rogue sellers using their marketplaces, if his poll-leading party wins the next ...
Reform UK’s deputy leader said big technology companies must “share the pain” with banks of reimbursing the victims of financial fraud facilitated by their platforms. Richard Tice said Reform would examine ways to make tech companies take more responsibility for weeding out fraudulent advertisers using their sites and rogue sellers using their marketplaces, if his poll-leading party wins the next general election, due by mid-2029. “All of these platforms have got to recognize the opportunities and the risks,” Tice said at the Pay360 conference in London on Thursday, after specifically singling out Facebook owner Meta. “There’s going to have to be a proper sharing of the pain when things go wrong, and identifying the opportunities to reduce that fraud.” Tice’s remarks matter because despite his party having just 8 Members of Parliament in the 650-seat House of Commons, it’s consistently led national polls of voting intention for almost a year now. The intervention comes after industry body The Payments Association this week published a paper which demonstrated how so-called authorized push payment, whereby victims are tricked into transferring money from their bank accounts, most often originates on online marketplaces, social media or messaging platforms. According to UK Finance, more than £450 million ($600 million) was lost to APP fraud in the UK in 2024. Under current legislation, banks and payment providers are held responsible for detecting suspicious transactions and reimbursing victims, but many in the industry argue that tech companies must play a greater role in rooting out rogue activity before the customer loses their money. In an interview with Bloomberg after his speech, Tice — who is also Reform’s spokesperson for business, trade, energy and housing — said new technologies such as stablecoins could help prevent fraud. Farage Invests in Kwarteng’s Bitcoin Treasury Firm Stack BTC Farage Outraises UK Rivals With £3 Million From Crypto Donor Reform UK Vows...
Everstar today announced its collaboration with the U.S. Department of Energy (DOE), Idaho National Laboratory (INL), Argonne National Laboratory (ANL), and Microsoft as part of the DOE's Genesis Mission — playing a critical role, Everstar as the AI lab, to help marshal public research data to accelerate advancements across the nuclear energy value chain. This announcement marks Everstar's first p...
Everstar today announced its collaboration with the U.S. Department of Energy (DOE), Idaho National Laboratory (INL), Argonne National Laboratory (ANL), and Microsoft as part of the DOE's Genesis Mission — playing a critical role, Everstar as the AI lab, to help marshal public research data to accelerate advancements across the nuclear energy value chain. This announcement marks Everstar's first public milestone on a broader roadmap of activities that aims to compress the nuclear value chain by
Nvidia (NASDAQ: NVDA) recently held its global artificial intelligence (AI) conference, highlighting all the big trends and opportunities in tech. One of the most newsworthy items was CEO Jensen Huang forecasting that orders related to Blackwell and the new Vera Rubin platform will top a staggering $1 trillion by 2027. There was no shortage of encouraging growth prospects and opportunities for Nvi...
Nvidia (NASDAQ: NVDA) recently held its global artificial intelligence (AI) conference, highlighting all the big trends and opportunities in tech. One of the most newsworthy items was CEO Jensen Huang forecasting that orders related to Blackwell and the new Vera Rubin platform will top a staggering $1 trillion by 2027. There was no shortage of encouraging growth prospects and opportunities for Nvidia investors to get excited about, and yet, the stock hasn't been able to get out of its tailspin. As of Tuesday's close, it was still down around 4% since the start of the year. Could this be a sign of trouble for the AI stock ? Image source: Getty Images. Continue reading
Everyone wants to maximize their Social Security benefit, but that can feel tricky to do if you don't earn a lot of money. Fortunately, your income history isn't the only factor that determines the size of your checks. Understanding how the government calculates your take-home benefit reveals several key ways you can boost yours. But it also reveals five ways you could lose some of your checks if ...
Everyone wants to maximize their Social Security benefit, but that can feel tricky to do if you don't earn a lot of money. Fortunately, your income history isn't the only factor that determines the size of your checks. Understanding how the government calculates your take-home benefit reveals several key ways you can boost yours. But it also reveals five ways you could lose some of your checks if you're not careful. Image source: Getty Images. Continue reading
watch now VIDEO 1:21 01:21 President Trump says Iran let 10 oil ships through the Strait of Hormuz as a ‘present’ to the U.S. Money Movers Iran allowed 10 oil tankers to pass through the Strait of Hormuz this week as a "present" to the United States , President Donald Trump said Thursday. Iran made the gesture to show the U.S. "the fact that we're real and solid and we're there," Trump said during...
watch now VIDEO 1:21 01:21 President Trump says Iran let 10 oil ships through the Strait of Hormuz as a ‘present’ to the U.S. Money Movers Iran allowed 10 oil tankers to pass through the Strait of Hormuz this week as a "present" to the United States , President Donald Trump said Thursday. Iran made the gesture to show the U.S. "the fact that we're real and solid and we're there," Trump said during a Cabinet meeting. The comments provide an answer to questions raised two days earlier, when Trump first said Iran "gave us a present" related to oil and gas, without elaborating. Trump made the claim after insisting in the meeting the U.S has "very substantial talks going on with respect to Iran," even though Tehran has denied direct talks have taken place. U.S. Special Envoy Steve Witkoff, a top negotiator with Iran, said in the Cabinet meeting that the U.S. has had "multiple reach outs from the region and others who want to play a role in ending this conflict peacefully." Witkoff also confirmed that the U.S. has presented a 15-point framework for a peace deal, but noted it has been delivered via Pakistan , which has acted as mediator. Iranian state media on Wednesday reported that Tehran rejected a U.S. ceasefire offer and submitted its own list of conditions for ending the war. That counteroffer would give Tehran sovereignty over the Strait of Hormuz, the vital oil shipping route that has been effectively closed since the fighting began nearly four weeks ago, leading to supply concerns that are most acute in the Asia-Pacific region. Trump on Monday floated the possibility that the strait could be controlled jointly by "me and the ayatollah" as part of a resolution to the war that the U.S. and Israel started. Witkoff said in Thursday's meeting Trump has directed him to "maintain confidentiality on the specific terms and not negotiate through the news media." "I can say this, we will see where things lead," he added. Trump asked Witkoff's permission before discussing Ira...
Crypto prices may have found their floor after months of declines, and Goldman Sachs sees three good stock opportunities from here. Stocks tied to the crypto sector are down 46% since their October 2025 peak with "volatile but flattish performance in the past few weeks" and the crypto price decline "has approximately reached the historical peak to trough average" for this cycle, Goldman analyst Ja...
Crypto prices may have found their floor after months of declines, and Goldman Sachs sees three good stock opportunities from here. Stocks tied to the crypto sector are down 46% since their October 2025 peak with "volatile but flattish performance in the past few weeks" and the crypto price decline "has approximately reached the historical peak to trough average" for this cycle, Goldman analyst James Yaro wrote in a note Thursday. "All in, we see an increasingly attractive entry point to our digital-asset sensitive coverage, albeit selectively, across the group," he said. "Valuation [is] becoming more attractive, especially in names that are less exposed directly to crypto prices." The note cites Robinhood and Figure Technologies among the firm's top picks in the sector, as well as Coinbase , which is more directly exposed to crypto prices. Goldman has a buy rating on all three. Yaro said Figure, which runs a blockchain-based HELOC origination and sales business, is outperforming expectations and has clear drivers for continued expansion. Goldman Sachs also raised its price target on Figure to $42 from $39. The stock closed at $31 on Wednesday, suggesting 35% upside from current levels. Robinhood, which has a substantial business for crypto traders but has roots as a digital stock brokerage, is going after more advanced traders by adding new features for them and is also expanding its suite of product offerings to banking and other financial services, Yaro pointed out. Meanwhile, crypto services firm Coinbase has an attractive growth opportunity in crypto derivatives trading, its subscription and services business (which includes stablecoins and prime brokerage) and new products like prediction markets, equities trading, banking, and wealth, the note said. The firm did lower its price target on Robinhood and Coinbase, but both still reflect upside from current levels. Yaro also said "prices may have troughed, but volumes could fall somewhat further, although the imp...
JPMorgan Chase & Co. is planning a new fund investing in private credit that will allow investors to redeem 7.5% a quarter — and, potentially, offer monthly withdrawals — as the $1.8 trillion market grapples with an unprecedented liquidity squeeze. The bank’s JPMorgan Public and Private Credit Fund, an interval fund, said in a prospectus this week that it “currently expects” offering to buy back 7...
JPMorgan Chase & Co. is planning a new fund investing in private credit that will allow investors to redeem 7.5% a quarter — and, potentially, offer monthly withdrawals — as the $1.8 trillion market grapples with an unprecedented liquidity squeeze. The bank’s JPMorgan Public and Private Credit Fund, an interval fund, said in a prospectus this week that it “currently expects” offering to buy back 7.5% of shares each quarter. But it’s asking the US Securities and Exchange Commission for an exemption that would allow it to make repurchases each month, at a level of at least 2%. The move comes at a time when many of the biggest private credit managers are capping their quarterly withdrawals at 5%, trapping billions of dollars that would otherwise exit. While interval funds are designed to allow for between 5% and 25% quarterly withdrawals, a pledge to allow 7.5% is relatively rare — and the possibility for monthly liquidity even more so. JPMorgan said in its request to the SEC that “monthly rather than quarterly repurchases offer many benefits and therefore would be in the public interest and in the common shareholders’ interests.” A JPMorgan representative declined to comment beyond the filing. The new fund is meant to invest at least 80% in credit, including “a substantial portion” in private credit, as well as publicly traded loans, according to the prospectus. A number of private credit firms launched interval funds in the past two years in effort to continue courting retail investors. Unlike business development companies, the funds are required to offer periodic liquidity. JPMorgan Chief Executive Officer Jamie Dimon caused a stir late last year by warning of potentially more than just one credit “cockroach” due to weaker underwriting standards. The bank more recently restricted lending to some private funds by marking down loans in their portfolios. Dimon also said last year that the rush into the private credit market may have peaked, and that buying a private c...
Pernod Ricard is exploring a potential acquisition of Brown-Forman Corp., the owner of Jack Daniel’s whiskey. Michelle Davis has more on "Bloomberg Markets." (Source: Bloomberg)
Pernod Ricard is exploring a potential acquisition of Brown-Forman Corp., the owner of Jack Daniel’s whiskey. Michelle Davis has more on "Bloomberg Markets." (Source: Bloomberg)
Travelers across the US are enduring seemingly interminable airport lines as a partial government shutdown strains staffing at the Transportation Security Administration, while investors are piling into car-rental companies on bets the disruption will push more people onto the road. Traffic to Hertz Global Holdings Inc. ’s website jumped about 15% this week as customers looked for ways around the ...
Travelers across the US are enduring seemingly interminable airport lines as a partial government shutdown strains staffing at the Transportation Security Administration, while investors are piling into car-rental companies on bets the disruption will push more people onto the road. Traffic to Hertz Global Holdings Inc. ’s website jumped about 15% this week as customers looked for ways around the congestion at US airports. The company has been promoting discounts on last-minute reservations and one-way rentals. Hertz shares rose about 13% on Thursday, while Avis Budget Group Inc. surged 17% for its biggest one-day gain since June. Read More: ‘We Were Just Cattle’: TSA Lines Anger Flyers in NY, Houston “As check-in lines grow at airports, car rental companies should see a bump as travelers look for alternatives to air travel,” said Dec Mullarkey , managing director at SLC Management. If TSA funding is restored and airport delays ease, those gains “may get unwound,” he said. “But anything that’s booked will likely stay in place.” Thursday’s rally capped an already strong month for Avis. The stock has climbed almost 47% in March, putting it on track for its best month since October 2022. Hertz has gained 8.5% over the same period, even as the war in the Middle East weighed on the S&P 500, sending the index down 5.3%.
It’s been a year since the Trump administration abruptly terminated the US legal status of thousands of foreign students, only to reinstate them weeks later amid a wave of lawsuits. Although some cases quickly ended, other students continued to press claims and judges have been denying Justice Department bids to dismiss those suits, finding US officials failed to assure them it won’t happen again....
It’s been a year since the Trump administration abruptly terminated the US legal status of thousands of foreign students, only to reinstate them weeks later amid a wave of lawsuits. Although some cases quickly ended, other students continued to press claims and judges have been denying Justice Department bids to dismiss those suits, finding US officials failed to assure them it won’t happen again. The effect has been to keep this chaotic episode from early in President Donald Trump ’s second term alive in court. In the past month alone, at least five judges rejected Justice Department arguments that individual cases before them are moot because students’ records were restored in an Immigration and Customs Enforcement system. A Massachusetts judge found the government back-tracked in response to mounting litigation and that its “ambiguous” statements now failed to convince her to back off. In some instances, judges are issuing permanent orders that protect students from a similar termination effort in the future — and that allow them to try to recoup their legal costs. “The government acted with a now all-too-familiar disregard for the law in hastily and callously terminating” students’ status, US District Judge Sparkle Sooknanan in Washington wrote in a March 18 ruling granting final judgment to a student from India. The rulings underscore the administration’s growing credibility problems in the courts. Since the start of 2026, judges in Minnesota repeatedly blasted ICE for violating their orders during a surge in migrant arrests. A New Jersey judge recently said prosecutors had “lost the confidence and the trust” of the court because of how the Justice Department was running the state’s US attorney’s office. The administration’s actions over the past year targeting foreign students and universities perceived as hostile to Trump’s policies have drawn economic as well as legal fallout. Spending by foreign students fell last year by billions of dollars, as their enrol...