Economy

Republicans must back Trump's crackdown on hospital abuse

President Donald Trump has repeatedly vowed to “cut waste, fraud and abuse everywhere that we can find it.” Congressional Republicans now have an opportunity to help him achieve that goal by supporting the administration’s efforts to stop hospitals from abusing a little-known federal charity care program.

Climate alarmists didn’t get their energy lockdown. But they won’t stop trying

Are energy lockdowns on the way? When the war in Iran kicked off and energy prices spiked, there was some chatter from media outlets and think tanks that it was a possibility. But then nothing really happened. Or at least nothing happened in the United States — at least not yet.

So Nobody Is Going to Pay Taxes Now?

Earlier this month, the IRS finished collecting 2025 taxes, taking in an estimated $5.2 trillion from businesses and households. That’s a lot of cash.

Coca-Cola tops estimates, raises earnings outlook as global beverage demand rises

Shares of Coke have risen just 6% over the last year, hurt by concerns about the broader economy.

Will the Fed cut interest rates? Here's what to expect at Wednesday's meeting.

April 28, 2026 / 6:00 AM EDT / CBS News

Trump is fixing the housing crisis Biden created

The Biden administration had a simple explanation for why housing became unaffordable: blame the landlords. As prices climbed and buyers were squeezed out, officials and allies avoided harder questions about inflation, interest rates, and supply.

Citi UK CEO: 'Phenomenal' market resilience is keeping recession risk at bay

Markets have performed in an orderly way, despite the economic turmoil wrought by Middle East war, said Citi UK CEO Tiina Lee.

Treasury yields rise as U.S.-Iran peace talks hit an impasse

U.S. Treasury yields rose on Tuesday as investors awaited developments on negotiations between the U.S. and Iran, which hit an impasse over the weekend.

Novartis CEO warns reality of Trump's drug pricing policy will set in over 'the next 18 months'

Novartis' CEO warned Tuesday that U.S. drug pricing policy under President Donald Trump poses a 'very difficult situation.'

BP profits more than double, beating expectations as Iran war boosts oil prices

The results come shortly after BP's board suffered a shareholder revolt at its annual general meeting.

European stocks close lower as Trump considers Iran peace proposal, UAE leaves OPEC

European shares closed lower on Tuesday as investors assessed the latest developments in the Iran war and a flurry of corporate earnings reports.

GM raises 2026 guidance amid $500 million tariff refund, topping Wall Street's earnings expectations

Aside from earnings and any change to GM's 2026 guidance, investors are monitoring impact from the Iran war, tariffs and EV write-downs.