Economy

Bessent says Treasury buyback operation could be more than $4 billion

Bessent said his department is going "make a market" in the longer-dated securities where yields have been surging lately.

America’s Most Beautiful Big City Is Back from the Dead

If your impression of San Francisco was formed during the pandemic, it is time to update it.

Walmart Says It Is Using $2.9 Billion in Tariff Refunds to Lower Prices for Shoppers

Updated on: August 20, 2026 / 10:30 AM EDT / CBS News

How can you tell how old a collection debt really is?

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The best way out of US debt spiral is robust economic growth

We have seen outsize investor focus on inflation and the Federal Reserve’s response to it. But while monetary policy gets most of the headlines, the much bigger long-term economic threat is our rapidly growing federal debt.

Does anyone in politics care about a $40 trillion national debt?

The national debt hit yet another record on Wednesday, and political leaders mostly yawned.

Can a debt collector demand payment in full? What borrowers should know

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Founder of China’s Evergrande jailed for life after pleading guilty to fraud

Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines

Treasury yields rebound, wiping out the decline following Bessent's intervention

Bond yields climbed on Thursday, coming back from the pullback they saw the previous day.

CNBC Daily Open: Trump bemoans 'ridiculous rates'

President Donald Trump is raging against rates, vowing economic warfare on Iran and lending support to crypto regulation in a busy environment for investors.

Bitcoin, ether surge as Trump urges Congress to pass crypto Clarity Act

Bitcoin and ether surged after U.S. President Donald Trump urged Congress to pass a bill that would set a regulatory framework for the cryptocurrency sector.

Walmart will report second-quarter earnings before the bell. Here's what to expect

Walmart is expected to report its fiscal second-quarter earnings on Thursday, offering a read on the consumer and the K-shaped economy.