Economy

U.S. Treasury yields may be poised for a breakout with Fed meeting as catalyst, says BMO

U.S. Treasury yields could be poised for a breakout ahead of the Federal Reserve's Oct. 28 policy meeting, according to BMO Capital Markets.

Airbnb guests freed from chores involving ‘significant effort’ under new global rules

Accommodation platform acts after long-standing guest complaints over doing dishes, taking out rubbish and stripping beds

Oil prices jump on Middle East worries as U.S., Israel reportedly weigh fresh Iran strikes

The Middle East conflict could flare up again as the U.S. reportedly plans to resume strikes against Iran.

China's stock market sinks into bear territory as CSI 300 extends 10-week rout

China's benchmark CSI 300 index has entered bear-market territory, falling 20% from its June peak, as a prolonged selloff in mainland equities deepens.

Bank of Korea holds rates after President Lee calls for boosting housing supply

Economists polled by Reuters had forecast the Bank of Korea to hold rates.

Meta put out an ambitious roadmap to Muse monetization after strong quarter and guide

Investors liked what they saw.

Sovereign wealth funds' China and Hong Kong investments surge 190% after a bruising slump

Sovereign wealth funds are pouring billions of dollars back into China after a sharp investment slump.

Thursday's big stock stories: What’s likely to move the market in the next trading session

Stocks closed higher on Wednesday, with the Nasdaq Composite rising 1% as SpaceX and Tesla rallied.

Stocks making the biggest moves after hours: Meta Platforms, Tesla, Lam Research, IBM & more

Here are some of the companies making headlines in extended trading.

Southwest Airlines cuts 2026 profit forecast on higher fuel

Southwest Airlines became the third major U.S. airline this month to cut its 2026 profit forecast due to higher fuel prices.

IBM beats on top and bottom lines as CEO Krishna touts 'Super Intelligence' traction

CEO Arvind Krishna indicated that IBM is helping clients in artificial intelligence.

Childcare costs are rising faster than rent, straining U.S. family budgets

October 21, 2026 / 3:51 PM EDT / CBS News