Economy

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July jobs report reveals unexpected loss of 23,000 jobs, missing economists' forecasts

Updated on: August 7, 2026 / 7:46 PM EDT / CBS News

U.S. targets Iran's banking system, companies with new sanctions

August 7, 2026 / 6:51 PM EDT / CBS News

Trump reveals $180 million in grants to expand mining education

President Donald Trump announced more than $180 million in grants to expand mining education across the country as part of his administration’s goal to boost the critical mineral industry.

The Fed was expected to hike interest rates in September. Don't bet on that now, economists say.

Updated on: August 7, 2026 / 4:58 PM EDT / CBS News

BlackRock is finding solid tax-free yields in this corner of the bond market

The municipal bond market has attractive opportunities, and it pays to be particular.

The stakes for next week's inflation data just got higher. Here's what's ahead

Friday's jobs report for July complicated the monetary policy outlook.

Nevada energy company sues data center in first-of-its-kind fight over who should pay for AI buildout

August 7, 2026 / 2:31 PM EDT / CBS News

Prediction markets take center stage in latest round of quarterly earnings reports

Recent quarterly reports from DraftKings, Flutter Entertainment and others offer a view into prediction markets businesses and their performance.

Gold bugs spend $180 million betting all's clear for metal as bond yields stall

Despite a 25% decline in gold from its high in January, proponents of the precious metal are storming into bullish call positions.

Burger King overtakes Wendy's as the nation's second-largest burger chain

Burger King is once again the second-largest burger chain in the U.S. by system-wide sales.

Falling long-term unemployment isn't good news, economists say

Unemployment appears to have fallen due to an exodus of workers from the labor force, which would be bad for household finances and the economy.