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CEO Jacob Walthour, Kourtney Gibson and The 49th Vice President of the United States, Kamala Harris onstage at the 2026 Power100 Honoree Dinner at Beverly Wilshire, A Four Seasons Hotel on May 3, 2026 in Beverly Hills, California.Arnold Turner | Getty ImagesThe Power100 gathering on the sidelines of the Milken Institute Global Conference took on a different tone this year as its diverse leaders in finance attendees fight to reclaim the narrative about people of color and women.”We are trying to show the world what success looks like,” said Jacob Walthour, co-founder of Power100 and founder and CEO of Blueprint…

Piotr Swat | SOPA Images | Lightrocket | Getty ImagesMajor health insurers appear to be off to an encouraging start this year — but a crucial test for the sector is still ahead.Solid first-quarter results have helped lift investor sentiment, even as insurers continue to grapple with higher medical costs. Companies including UnitedHealth, Elevance, Cigna and Humana all beat estimates for the quarter, with some hiking their 2026 outlooks. Those results were largely expected due to seasonal factors such as a milder flu season and weather disruptions that temporarily suppressed medical costs, said Barclays analyst Andrew Mok. A more meaningful signal,…

Investing.com — Canadian rail traffic showed divergent trends last week, with experiencing a decline while posted growth, according to Raymond James. CN traffic fell 2.3% year-over-year last week, facing challenging comparisons from the previous year. In contrast, CPKC traffic rose 3.8% year-over-year, supported by gains in grain, energy chemicals and products, automotive, and intermodal segments. On a quarter-to-date basis, CN traffic remained up 2.6%, driven by strength in petrochemicals, which increased 10.3%, automotive up 8.8%, metals and minerals up 7.4%, and grain up 5.0%. These gains were partially offset by declines in coal, down 8.6%, and intermodal, down 3.2%. CPKC’s…

The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty ImagesDanish shipping giant Maersk said one of its commercial vessels successfully transited through the strategically vital Strait of Hormuz under U.S. military protection.The Alliance Fairfax, a U.S.-flagged ship operated by Farrell Lines, a subsidiary of Maersk Line Limited (MLL), completed the journey without incident on Monday, the company said in a statement, with all crew members safe and unharmed.The ship had been stranded at sea since the U.S. and Israeli-led war against Iran broke out on Feb. 28,…

Veiled pro-government supporters stand in a line under a banner depicting portraits of Iran’s late Supreme Leader Ayatollah Ali Khamenei and Ayatollah Mojtaba Khamenei, as they wait to receive donated meals during a state-run religious rally in downtown Tehran, Iran, on April 29, 2026.Nurphoto | Nurphoto | Getty ImagesUp until the weekend, global markets had been betting on a fragile ceasefire between the U.S. and Iran turning into a longer-term peace deal. But escalatory rhetoric, action over the Strait of Hormuz, and fresh Iranian attacks on the United Arab Emirates over the past 48 hours, have led experts to warn…

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An American Airlines Airbus A321 taxis at San Diego International Airport as a United Airlines airplane departs on Aug. 24, 2024 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesThe head of American Airlines’ pilots union told members that United Airlines CEO Scott Kirby’s merger idea showed the kind of “bold vision” the carrier needs, even as the union stopped short of endorsing a tie-up between the two airlines.In an email to pilots on Monday, seen by Reuters, Allied Pilots Association President Nick Silva said Kirby’s vision could be “transformative” for passengers, communities and American Airlines pilots.Silva’s message shows how Kirby’s rejected proposal has become a new…

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Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesUniCredit CEO Andrea Orcel told CNBC Tuesday that he does not foresee a future where the Italian lender fully controls Commerzbank.Orcel’s comments came as the Italian lender’s tender offer to raise its stake in the German bank kicks off. “If we get to control, which is not the expected scenario at the moment, what we would do is very clear, and the returns on that would be … very positive for our shareholders, and also for the shareholders of Commerzbank, but…

May 5 (Reuters) – European shares nudged lower on Tuesday, with investors on edge after the U.S. and Iran launched fresh attacks in Gulf waters, while global oil prices remained elevated. The pan-European STOXX 600 was down 0.1% at 604.68 points, as of 0704 GMT, after posting its biggest drop in a month on Monday. Major regional bourses were also trading lower, with London’s down 1%. The escalation in the Middle East conflict followed U.S. President Donald Trump’s attempt to get stranded vessels through the Strait of Hormuz, which connects the Gulf to wider markets and typically carries oil and…