Economy

Inflation rose to 3.8% in April, highest since 2023, as Iran war raised energy prices

Inflation rose five-tenths of a percentage point to 3.8% for the year ending in April, the Bureau of Labor Statistics reported Tuesday, as disruptions to the energy market from the Iran war added to underlying price pressures.

EBay rejects GameStop's $55.5 billion takeover bid, calling it "neither credible nor attractive"

EBay on Tuesday said it is rejecting GameStop's $55.5 billion takeover bid, calling the offer "neither credible nor attractive."

Consumer prices rose 3.8% annually in April, the highest since May 2023

The consumer price index was expected to increase by 3.7% annually in April, according to the Dow Jones consensus.

Hims & Hers Plummets 13% After First-Quarter Loss, Weak Earnings Guidance

Hims & Hers reached a deal with Novo Nordisk in March to sell its GLP-1 weight loss drug Wegovy on its platform.

India's inflation in April rises for sixth straight month, but undershoots estimates

Disruptions from the Middle East conflict pose a risk to India's economic growth and inflation.

'Starmer drama': UK borrowing costs hit post-2008 peak as leadership fears hit bond markets

More than 70 Labour MPs have called on Keir Starmer to resign.

European stocks close lower, sterling slides on UK political turmoil

European stocks were in negative territory as prospects for a speedy resolution to the U.S.-Iran war appear increasingly remote.

Seven-day weeks and ‘debt bondage’: China’s first electric car plant in Europe mired in allegations of worker abuse

The BYD factory being built in Szeged, Hungary, is facing scrutiny after reports of EU labour laws being violated among the Chinese migrant workforce

Trump wants to suspend the federal gas tax. How much would that help drivers?

Updated on: May 11, 2026 / 7:37 PM EDT / CBS News

Stocks making the biggest moves after hours: Hims & Hers, Gitlab, Cleanspark, Webtoon Entertainment & more

See which stocks are posting big moves after the bell.

Analyst says tariff refunds are a catalyst for Nike

Piper Sandler said the anticipated payback could be a major tailwind for Nike.

Inflation reading Tuesday expected to show prices at nearly a three-year high

April's consumer price index, a broad gauge of goods and services costs across the U.S. economy, is forecast to reach an annual rate of 3.8%.