Economy

Trump-linked oil venture delays Greenland drilling plans after government warning

Greenland Energy Co. and joint venture partner 80 Mile have delayed planned oil drilling in Greenland until winter 2027.

Goat herding hedge: How Susquehanna and Kalshi are helping this company offset a change in California law

A goat herding business facing higher wage costs turned to prediction market platform Kalshi to hedge and help offset the possible expense.

CNBC Daily Open: Middle East Tensions Send Oil Higher While Iran-U.S. Tensions Escalate

Concerns over supply disruptions pushed oil prices higher, amid news of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea, and as a spill near Oman worsens.

$1.04 Billion Powerball Jackpot Won in Illinois

Updated on: August 13, 2026 / 2:22 AM EDT / CBS News

South Korea's Kospi Has Staged A Stunning Comeback. How Long Will The Bull Market Last?

South Korea's Kospi has staged a reversal from its latest rout, returning to bull-market territory as investors piled back into the semiconductor giants that dominate the index.

Too smart to eat? Why octopus farms are such a slippery problem

As a controversial Spanish plan for sustainable meat on an industrial scale is dropped, it has revived the ethical debate over farming these intelligent wild animals

India fuels worldwide jump in planned coal production

Rise in new mine proposals, mainly in states of Odisha and Jharkhand, comes despite plateau in global demand

Oil prices fluctuate as investors weigh falling demand against Middle East tensions

Oil futures retreated early Wednesday morning after prices rose overnight.

CNBC Daily Open: Markets look past soaring U.S. budget deficit

Signs of potential interest rate hikes remain in focus after the U.S. budget deficit surged to its highest monthly level in more than five years.

South Korea's Kospi Swings From Bear to Bull-Market Territory in Just Over a Month on AI Trade

South Korean stocks rallied on Thursday, pushing the benchmark Kospi into a technical bull market.

Goldman says Japan's $1 trillion of reserves leaves 'plenty of capacity' for further yen interventions

Japan has enough cash at its disposal for a couple more rounds of yen-buying on the scale of last month's intervention, Goldman Sachs says.

Inside India newsletter: Why global funds are flocking to GIFT City in Modi’s home state

Favorable regulations, a growing local investor base, and tax holidays are giving momentum to India's GIFT City.