Economy

Falling long-term unemployment isn't good news, economists say

Unemployment appears to have fallen due to an exodus of workers from the labor force, which would be bad for household finances and the economy.

A huge day and week for Corning as the S&P 500 approaches another record high

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

Stocks making the biggest moves midday: SpaceX, Coherent, Atlassian, Airbnb, Trade Desk & more

Here are some of the companies making headlines in midday trading.

Berkshire earnings may prove stock is cheap. And that Abel and Buffett think so too

Berkshire may have repurchased roughly $8.5 billion of its own stock from April 15 through July 14, according to UBS.

Trump teased an Iran deal that didn't come, but markets soared. Here’s why it keeps happening

As oil reserves and munitions stockpiles reportedly dwindle, analysts wonder how much longer markets will pounce when the Trump admin. dangles an Iran deal.

Here are three key takeaways from the disappointing July jobs report

Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals.

Gulf uncertainty is creating ‘win, win’ strategy with Chevron and other oil majors

With options premiums still elevated due to the military conflict in the Gulf, selling puts on an energy major posting record free cash flow offers a rare opportunity.

Warren presses U.S. companies to share billions in tariff refunds with customers

Updated on: August 7, 2026 / 12:19 PM EDT / CBS News

Bank of America says bullishness highest since 2021. So it's time to bail on 'risk assets'

The high level of investor bullishness is a signal to retreat from risk assets and rotate towards less vulnerable investments, the bank said.

SpaceX shares upgraded. Argus says AI investments will pay off, and don't bet against Musk

SpaceX could continue to bounce back as investments in artificial intelligence begin to pay off, according to Argus.

Americans got their biggest raises in 40 years. Inflation took most of it.

August 7, 2026 / 9:44 AM EDT / CBS News

Wall Street reacts to shocking July jobs loss: 'This is a pretty horrendous report'

July's jobs report took Wall Street by surprise on Friday -- and seemed to take some pressure off the Federal Reserve to hike interest rates.