Economy

Utility companies to spend $1.4 trillion over the next 5 years amid data center boom

April 14, 2026 / 11:43 AM EDT / CBS News

What are today's home equity loan and HELOC interest rates: April 14, 2026?

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Global recession is inevitable if Strait of Hormuz stays shut, says Citadel's Ken Griffin

A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.

A 'systemic' jet fuel shortage is brewing in Europe

'We've seen constraints in countries like Vietnam and Thailand on air travel, but this is also spilling over to Europe,' an ING analyst told CNBC.

BP's new CEO to simplify company structure into upstream, downstream units

BP will reorganize into two main business units - upstream and downstream - under new CEO Meg O'Neill, who took the helm on April 1.

Trump says gas prices 'could be the same' or 'a little bit higher' by the midterms

The U.S. began blocking ships through the Strait of Hormuz on Monday, sending oil prices surging after peace talks failed over the weekend.

Iran War, Oil Surge, Failing 'Mag 7' Trade

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Senate to hold Kevin Warsh Fed confirmation hearing next week

Senate Banking Committee Chairman Tim Scott (R-SC) announced that his committee will hold a confirmation hearing on Kevin Warsh’s nomination for chairman of the Federal Reserve next week.

Iran war will hit UK growth the hardest of any rich economies, IMF says

The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.

What are today's mortgage interest rates: April 14, 2026?

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Fed nominee Warsh filings detail vast wealth, far exceeding past chairs

Kevin Warsh, nominee to lead the Federal Reserve, detailed his holdings in newly released financial disclosures.

The top 10 large U.S. cities for recent college graduates in 2026, according to new report—3 are in Texas

New York City and LA didn't make the list, published by Glassdoor and Redfin on April 14.