Economy

U.S. set to impose 50% tariffs on Canada after failed talks; Canada to match them "dollar for dollar"

Updated on: August 22, 2026 / 2:17 AM EDT / CBS/AP

Altérra CEO says $250 billion climate investment target is within reach

Altérra CEO Majid Al Suwaidi says the UAE-backed climate investor is “extremely confident” it can mobilize $250 billion by 2030.

Walmart to let shoppers use Apple Pay, other tap-to-pay methods starting in August

August 21, 2026 / 4:42 PM EDT / CBS News

Happy hour is ‘price discrimination’: Tiana Lowe Doescher talks FTC warning

Washington Examiner economics columnist Tiana Lowe Doescher raised concerns about personal data collection from companies trying to vary prices amid a new enforcement by the Federal Trade Commission.

3 key takeaways from a tough week on Wall Street

The stock market suffered a losing week, hurt by any number of catalysts, ranging from rising bond yields to U.S.-Iran tensions.

Ray Dalio says Bessent move is sign that a debt crisis is getting closer; recommends gold and bitcoin

Billionaire investor Ray Dalio said the the debt buyback announcement this week fits into a larger pattern that could signal a forthcoming debt crisis.

Scott Bessent cannot save the bond market from Congress's $40 trillion national debt

One month after the bond market went ballistic, with the 10-year Treasury yield breaching 4.7% and the 30-year Treasury yield skyrocketing to 5.17%, the market is now well and truly imploding. The benchmark 10-year hasn’t come down, and the 30-year has catapulted toward 5.3%, hitting its highest level since before the Great Recession.

An overlooked AI winner names a new CFO

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Big week coming up with PCE, Nvidia earnings and then Jackson Hole. Here's what to expect

The summer may be winding down, but there's an awful lot of potentially market moving activity in store next week.

Kalshi Traders Think the Bitcoin Rally Could End the Year Near Current Levels

Speculators on the prediction market platform think it's most likely that the cryptocurrency will end 2026 close to where it's now trading.

This sleepy sector could offer big returns, says Mike Khouw

The options market rarely gives you a gift, but it might be doing that right now.

Nearly 25% of U.S. workers are "functionally unemployed," economic analysis finds

Updated on: August 21, 2026 / 4:14 PM EDT / CBS News