Economy

Brent crude nears $99 after strikes on Saudi energy sites amid renewed Mideast hostilities

Oil prices rose Tuesday on worries over escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend.

Global move away from oil could lead to conflict and migration, experts say

Researchers urge governments to help worst afflicted countries, such as Nigeria and Algeria, which rely on oil revenues for public services

Here are the 3 big things we're watching in this holiday-shortened trading week

The week will be dominated by inflation data. Plus, Apple's new CEO has his first big test.

Canada's Retaliatory US Tariffs Set to Take Effect as Trade Dispute Grows

Counter-measures covering several sectors come after Trump announced 50% tariffs on Canadian goods

CNBC's The China Connection newsletter: China's weak consumer becomes the world's problem

A Group of 20 finance meeting in the U.S. this month has now elevated the debate over whether China's exports have cost people in other countries their jobs.

French Champagne output evaporates by half in scorching heat wave

French Champagne production is expected to fall by nearly half in 2026 due to a scorching heat wave that swept across the country, significantly harming crops.

Bombardier points out U.S. footprint after Trump says aerospace giant must build in America

Trump's announcement comes on the eve of Canadian retaliatory tariffs set to take effect Tuesday on $20 billion of U.S. goods.

Wyoming ranchers struggling amid drought, higher costs and new pressures from beef imports

Updated on: September 7, 2026 / 3:15 PM EDT / CBS News

Wall Street bought global football. It has no idea how it works

America is no longer standing outside global football. It is buying into it, at a scale Washington has barely begun to reckon with.

Washington shut down businesses. Now it wants its money back

During the COVID-19 pandemic, Washington ordered businesses to close. It then lent many of those businesses money to survive the closures. Six years later, the government wants its money back — even from business owners who never recovered.

Gasoline prices, over $4 per gallon, hit record high for Labor Day

With elevated prices for crude oil, a major component of gasoline, the price at the pump is higher than it's ever been for the holiday weekend.

Labor Day gas prices are highest ever for holiday

The national average price for regular gasoline set a record high for fuel costs on Labor Day, hitting $4.15 per gallon.