Economy

Polymarket Annualized Revenue Surpasses $1 Billion Six Weeks After Its U.S. Exchange Launch

World Cup trading and the end of its U.S. waitlist are driving rapid growth for Polymarket's prediction market platform.

Nude portrait by Modigliani sets record at auction; nude painting by Freud sells for $38.8 million

Updated on: June 26, 2026 / 7:27 AM EDT / CBS/AFP

Volkswagen plans to cut 15% of its workforce and close four German plants, report says

Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.

Red Lobster's Ultimate Endless Shrimp promotion described as a 'car crash' for the company, lawsuit says

"Thai Union doubled down on a campaign to squeeze out every drop of value that it could," creditors said

How much? The hidden costs of restaurant dishes

Two chefs lift the lid on the expensive business of creating menus they love

Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents

Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.

Oil slides nearly 2% as markets look past fresh Iran tensions and focus on supply outlook

Oil extended declines on Friday, with markets focused any further breakthroughs in the Middle East conflict, while digesting a flurry of news from the region.

Goldman says private credit may invest a lot of `dry powder' in this sector

Private credit may use its sizable amount of "dry powder" to combat potential financing market dislocations in this sector, according to Goldman Sachs.

CNBC Daily Open: Oil Worries Flare as Tech's Winners Split From the Pack

Renewed Middle East tensions are in focus, after Iran reportedly attacked a cargo ship, OPEC faces potential exit of Iraq, and Iran and the U.S. disagree over funds use.

Friday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session

On Thursday, the Nasdaq Composite fell for a fourth straight day as shares of Apple and Microsoft slid.

FedEx Freight takes a step forward in its independent journey. Here's why we like the stock

FedEx Freight had plenty of encouraging things to say on its first earnings call as a standalone company.

Crown Estate Makes Over £1 Billion Profit for Third Consecutive Year

King Charles’s property management firm, The Crown Estate, reports £1.2 billion in profit, largely driven by the booming offshore windfarm industry.