Economy

Analysis: Trump treats Fed Chairman Kevin Warsh as an ally. That creates economic risks

Trump's reported phone calls to the Fed chairman will complicate his efforts to prove he will act independently on inflation and interest rates.

SpaceX shares passed a key test Thursday. Now sophisticated traders are betting the bottom may be in

Shares of Elon Musk's rocket company were trading higher in Thursday's session even as a key lock-up provision expired.

The July jobs numbers are due out Friday. Here's what to expect

Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.

Trump administration to pay German firm $1.22bn to cut offshore wind leases

Agreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projects

One ETF is handily outperforming the S&P 500 this year. All the stocks in it are run by women

The Hypatia Women CEO ETF hit another all-time high on Thursday. The founder explains the secret to its success.

How much interest can a $40,000 high-yield savings account earn over the next year?

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Gas prices could remain high this fall even if crude prices stabilize. Here's why

The refining market is very tight due to the Ukraine and Iran wars, keeping gas prices elevated even as crude prices fall.

Oil prices jump after Iran publishes restrictive draft plan for Strait of Hormuz

Crude oil prices rose Thursday after Iranian state news published a draft plan with restrictive conditions for ship traffic in the Strait of Hormuz.

How have CD rates changed compared to last August? Here's what savers may not know.

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Job cuts plunge to a 2-year low despite AI fears, economic shocks

Updated on: August 6, 2026 / 11:24 AM EDT / CBS News

UK allows Paramount Skydance-Warner Bros. merger to go through

The United Kingdom gave the green light to Paramount Skydance’s acquisition of Warner Bros. Discovery on Wednesday, clearing a major regulatory hurdle for the $111 billion merger.

Can Debt Collectors Re-Age an Old Debt? 5 Things to Know Now

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