Economy

The Fed's preferred inflation gauge shows prices rising at fastest pace in 3 years

Updated on: June 25, 2026 / 10:38 AM EDT / CBS News

$45,000 CD vs. $45,000 high-yield savings account: Which can earn more over the next year?

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Iraq Threatens to Leave OPEC if Oil Quota Isn't Raised: Report

Iraq, the second-biggest producer in OPEC, reportedly threatened to leave the cartel if the oil quota isn’t significantly raised.

Make pension tax relief only available to savers prepared to invest in UK, Andy Haldane says

British Chambers of Commerce chief calls for ‘home bias’ on retirement savings to close funding gap for SMEs

How to know when it's time to replace your car—start with this rule, experts say

With vehicles lasting longer and replacement costs rising, it can be difficult to know when a repair is worth it and when it's time to move on.

Ryanair adopts ‘free of charge’ family seating policy after watchdog investigation

Chief executive claims CMA has forced airline to adopt ‘less transparent and less consumer-friendly’ approach

The world’s top-performing stock market still isn’t a developed market. Here’s why, according to the MSCI chief

MSCI CEO Henry Fernandez said South Korea's stock market still falls short of developed market standards.

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

The personal consumption expenditures price index was expected to show a 4.1% annual increase.

Bottoms Up! English Wine is Finally Coming Into Its Own

Higher volumes are being produced, so prices are coming down, and there’s a now a whole range of exciting styles to choose from

Iraq piles pressure on OPEC over quota dispute after UAE exit

Reuters reported that though Iraq had considered leaving OPEC, the current plan is to remain a member of the group while seeking a higher output quota.

UK to halve tariff-free steel imports to counter glut of cheap Chinese metal

Duty on imports outside new quota will double in move echoing similar changes in EU limits

Bitcoin is having a tough year. Traders are betting it's going to get worse

Options traders are treating this break like it could be the tip of an iceberg.