Economy

Big US Banks Rake in Near $50 Billion Profit as Iran War Shakes Markets

liberal

Big US Banks Rake in Near $50 Billion Profit as Iran War Shakes Markets

Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings

4 months ago

economy

China is also 'hurting' from the Iran ceasefire: Tiana Lowe Doescher

conservative

China is also 'hurting' from the Iran ceasefire: Tiana Lowe Doescher

Washington Examiner economics columnist Tiana Lowe Doescher said Iran and China are both “hurting” as economic and energy pressures mount from the Iran war, even amid the ongoing two-week ceasefire.

4 months ago

economy

What could mortgage interest rates look like by the end of 2026? Here's what some experts predict.

liberal

What could mortgage interest rates look like by the end of 2026? Here's what some experts predict.

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4 months ago

economy

It's Tax Day. Here's how big the average tax refund is in 2026.

liberal

It's Tax Day. Here's how big the average tax refund is in 2026.

Updated on: April 15, 2026 / 9:43 AM EDT / CBS News

4 months ago

economy

What are today's mortgage interest rates: April 15, 2026?

liberal

What are today's mortgage interest rates: April 15, 2026?

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4 months ago

economy

Sales engineer takes home $1 million Picasso with $117 raffle ticket

liberal

Sales engineer takes home $1 million Picasso with $117 raffle ticket

Updated on: April 15, 2026 / 8:50 AM EDT / CBS/AP

4 months ago

economy

$30 Million an Hour: Big Oil Reaping Huge War Windfall From Consumers, Analysis Finds

liberal

$30 Million an Hour: Big Oil Reaping Huge War Windfall From Consumers, Analysis Finds

Exclusive: Climate action blockers including Saudi Arabia, Russia and major fossil fuel firms set to make extra $234bn by end of 2026

4 months ago

economy

'They want to keep denying us our rights': workers in Vermont’s $5.4bn dairy industry fight for basic labor protections

liberal

'They want to keep denying us our rights': workers in Vermont’s $5.4bn dairy industry fight for basic labor protections

Migrant labor fuels much of Vermont’s dairy industry, but workers are exempt from minimum wage rules, overtime protections and the right to unionize

4 months ago

economy

Morgan Stanley tops estimates as trading revenue exceeds expectations by nearly $1 billion

liberal

Morgan Stanley tops estimates as trading revenue exceeds expectations by nearly $1 billion

Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in revenue.

4 months ago

economy

Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

liberal

Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of control

4 months ago

economy

Gas Prices: Five Days of Decreases at the Pumps

conservative

Gas Prices: Five Days of Decreases at the Pumps

The national average price for regular gas decreased again on Wednesday to $4.11 per gallon. It was the fifth day since Friday that gas prices nationwide have dropped, according to AAA.

4 months ago

economy

Bank of America tops estimates as CEO Brian Moynihan says consumer banking is 'healthy'

liberal

Bank of America tops estimates as CEO Brian Moynihan says consumer banking is 'healthy'

Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.

4 months ago

economy