Economy

China is helping to cushion global oil prices below $100

liberal

China is helping to cushion global oil prices below $100

China has reduced oil imports since the start of the Iran war, capping global crude prices.

2 months ago

economy

Gas Prices: Drop 16 Cents Per Gallon in One Week to $4.16

conservative

Gas Prices: Drop 16 Cents Per Gallon in One Week to $4.16

The national average price for regular gas continued its downward trend on Monday, the start of the work week, falling to $4.164 per gallon, according to AAA. It marks the third consecutive week that fuel costs have decreased.

2 months ago

economy

Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here's why

liberal

Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here's why

The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world's standout performers thus far.

3 months ago

economy

Hong Kong's IPO boom is developing a performance problem

liberal

Hong Kong's IPO boom is developing a performance problem

As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing.

3 months ago

economy

Oil prices spike over 3% as Iran and Israel trade strikes, escalating regional tensions

liberal

Oil prices spike over 3% as Iran and Israel trade strikes, escalating regional tensions

Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.

3 months ago

economy

With South Korea and China building ships faster and cheaper than U.S., Trump makes shipbuilding a priority

liberal

With South Korea and China building ships faster and cheaper than U.S., Trump makes shipbuilding a priority

Updated on: June 7, 2026 / 7:00 PM EDT / CBS News

3 months ago

economy

US stock futures mixed as Mideast tensions rise; South Korea's Kospi plunges 7%: Live updates

liberal

US stock futures mixed as Mideast tensions rise; South Korea's Kospi plunges 7%: Live updates

Investors will also be focused on inflation data and the public debut of SpaceX on Friday.

3 months ago

economy

At 82, Marilyn Burns Still Powers Lakeside's Small Business Spirit

conservative

At 82, Marilyn Burns Still Powers Lakeside's Small Business Spirit

Marilyn Burns — the proud owner of Marilyn’s in Lakeside, Ohio, a gift shop that has everything from souvenirs to candies, clothing, toys, and more — won Fox Business’s “Made in America” small business contest, and with it, a $25,000 prize.

3 months ago

economy

Here are the 6 big things we're watching in the stock market this week

liberal

Here are the 6 big things we're watching in the stock market this week

Earnings season for Club names has come to an end, but that doesn't mean the excitement has.

3 months ago

economy

Inflation inside the electronics you buy may soon become a bit more sticky

liberal

Inflation inside the electronics you buy may soon become a bit more sticky

Most consumers are not familiar with the role resin plays inside electronics like smartphones. A current shortage of the materials may push up prices.

3 months ago

economy

Young applicants discuss the challenges of today's job search

liberal

Young applicants discuss the challenges of today's job search

For generations, young Americans have heard the same message: Go to college, get a job. But lately, young people are finding the job market to be terrible. Meghan Obetz of Philadelphia said, "It feels like once you graduate, you know, you're expecting things to just fall into place, and sometimes that's just really not the case."

3 months ago

economy

Banco BPM invites MPS to $58 billion merger talks to form Italy's second-biggest bank

liberal

Banco BPM invites MPS to $58 billion merger talks to form Italy's second-biggest bank

The announcement could kick-off a second wave of dealmaking in Italian banking after a burst of M&A activity last year.

3 months ago

economy