Economy

Nintendo hikes Switch 2 prices and expects console sales to decline as memory crunch bites

Nintendo said the price of the Switch 2 in the U.S. will rise from $449.99 to $499.99. In Japan, Nintendo will hike the price from 49,980 yen to 59,980 yen.

European stocks close lower with Trump's EU tariff threats, UK election in focus

European equity markets ended lower on Friday, after U.S. President Donald Trump threatened new tariffs on the EU.

‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock

Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected.

U.S. trade court rules against Trump's 10% tariffs

Updated on: May 7, 2026 / 10:00 PM EDT / CBS News

Why Pension Funds Are Doubling Down on Private Credit Despite Deepening Cracks

Pension funds are sticking with private credit, and in some cases doubling down even as concerns mount over underwriting standards, valuation opacity and sector concentration.

Stocks making the biggest moves after hours: Akamai Technologies, Expedia, Lyft, Texas Roadhouse and more

See which stocks are posting big moves after the bell.

What India’s Diet Coke Shortage Means for the U.S.

Disappearing soda cans are a symptom of a broader aluminum crisis.

AI emerges as a top cause of layoffs, accounting for 26% of April's job cuts

Artificial intelligence is the leading reason companies cite for layoffs for the second straight month, accounting for more than one in four job cuts in April, according to a new report from outplacement firm Challenger, Gray & Christmas.

Coinbase posts steep first-quarter loss after slide in crypto prices, shares fall 4%

Crypto trading platform Coinbase reported a surprise first-quarter loss and weaker-than-estimated revenue after the market close Thursday.

Here's how the stock market may trade the April jobs report, according to JPMorgan

JPMorgan has a list of potential outcomes for the market, depending on what the critically important payroll report shows.

Various challenges facing the airline industry that make flying worse

The past few months have been difficult ones for the airline industry, with no signs that its situation will improve anytime soon.

$60,000 CD vs. $60,000 high-yield savings account vs. $60,000 money market account: Which earns more interest now?

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