Author: Admin

Shoppers may be feeling gloomy about high prices at the pump, but they’re still shelling out for new bras and underwear at Victoria’s Secret. The lingerie retailer raised its full-year guidance on Tuesday after blowing past earnings estimates in its fiscal first quarter, citing lower tariff costs and more customers willing to spend full price on its products. Shares of Victoria’s Secret soared about 40% in premarket trading.There was “very consistent, double-digit [sales] increases across Victoria’s Secret, Pink, beauty channels, digital, stores and international, all very positive,” CEO Hillary Super told CNBC in an interview. “Supercharging bras being one of our most…

Nestlé SA Chief Executive Officer Philipp Navratil said lower coffee and cocoa prices should help improve margins this year as the foodmaker works to reignite growth.

Des Moines Public Schools is holding a bilingual news conference this morning to provide an update on its “Reimagining Education” initiative and open a public comment period on proposed plans. The district is seeking input from students, families, staff and community members on proposed Signature School pathways, Career and Technical Education Maker Space programming, enrollment options and related student opportunities. Open through June 30, the public comment period, offers a chance to review proposed programming and provide feedback through online surveys and informational videos available in multiple languages. To learn more about input opportunities, visit reimagine.dmschools.org.

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Benjamin Eddy will serve as the Senior Deputy Comptroller for Regional and Midsize Financial Institutions, effective June 1. In this role, Mr. Eddy oversees the supervision of national banks and federal savings associations between $30 billion and $500 billion in assets. He also serves as a member of the agency’s executive committee. “Ben brings deep knowledge of the bank regulatory and supervisory landscape and shares my vision for continual improvement,” said Comptroller of the Currency Jonathan V. Gould. “He is a proven leader in the private and public sectors…

ChatGPT AI is looking at XRP at $1.30 and predicts its heavily discounted, targeting $2.50 to $4.00 by end of June 2026 if the institutional momentum that has been building under the surface finally gets reflected in the price.The bull case Sam Altman’s AI is making is deliberately simple, which is actually what makes it compelling. ChatGPT AI XRP Price PredictionThis is not a complicated technical thesis or a multi-variable roadmap play. It is 4 things working together: ETF inflows absorbing supply, Ripple banking partnerships expanding the real-world payment network, RLUSD growing as a stablecoin with actual utility inside the…

Greg Abel, CEO of Berkshire Hathaway, meets with shareholders at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.David A. Grogan | CNBCGreg Abel’s first major acquisition as Berkshire Hathaway CEO looks a lot like the kind of deal Warren Buffett would have made himself.Berkshire’s $6.8 billion purchase of homebuilder Taylor Morrison Home gives the conglomerate a larger foothold in housing, expands an existing business line and appears to have been struck at a bargain valuation. Just as notable was how little involvement Buffett had in the process.”Greg did that faster than I could have done…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxSea Ltd is widening its AI push with a new internal team reviewing startup investment opportunities, Bloomberg reported, citing people familiar with the matter.The company, which operates Shopee, Garena and digital financial services arm Monee, is looking at how AI can support its next phase of growth across e-commerce, gaming and financial services.The new unit forms part of a wider effort to allocate capital to AI projects inside and outside Sea. It has been reviewing potential investments in AI startups globally.Long-time Sea executive Endong Zhang leads the team…

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July WTI crude oil (CLN26) on Friday closed down -1.54 (-1.73%), and July RBOB gasoline (RBN26) closed down -0.0665 (-2.14%).  Crude oil and gasoline prices retreated on Friday, with crude oil falling to a 5-week low.  Crude prices are under pressure after the US and Iran tentatively agreed to extend a ceasefire by 60 days, fueling optimism that the Strait of Hormuz may reopen soon.  The markets are awaiting President Trump’s approval of a preliminary deal between the US and Iran to extend a ceasefire by 60 days and reopen the Strait of Hormuz.  President Trump said Friday he’s making…

The wealth of Australia’s billionaires increased by $25.67bn in the past year, equivalent to almost $50,000 a minute, according to new Oxfam Australia analysis of the 2026 Australian Financial Review Rich List.The anti-poverty organisation said the total wealth of Australian billionaires in 2026 has reached more than $686bn, while Acoss figures show 3,706,000 people live in poverty, including 757,000 children under 15 years.One in three households experienced food insecurity last year, meaning they stressed about or struggled to put food on the table.Australia now has its highest number of billionaires on record, at 178, up 17 from last year.A large…