Economy

3 Debt Issues to Address Before You Retire and Claim Social Security

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Trump says the Strait of Hormuz is "safe, secure and pristine." Shipping companies aren't convinced.

June 16, 2026 / 12:46 PM EDT / CBS News

Veteran traders stunned as SpaceX fans bet on 80% overnight gains: 'I've never seen anything like it'

Believers in Elon Musk's astronomic vision for SpaceX are storming options.

With inflation up, my friends are asking about TIPS and I bonds—here's what I told them

Any time inflation makes headlines, savers begin to wonder about tools that help them preserve the value of their money.

European parliament finally approves Trump tariff deal

MEPs agree to implement deal almost 12 months after it was proposed and just days before deadline of US threat to raise tariffs

Rahm Emanuel Calls on Democrats to Follow Texas on Energy Production

Former Chicago mayor and expected Democratic 2028 presidential candidate Rahm Emanuel is calling on Democrats to embrace a more diversified energy portfolio, similar to that of Texas, that includes both clean energy and fossil fuels.

How much interest can a $50,000 CD account earn if opened now?

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Will credit card interest rates drop after this week's Fed meeting?

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EU approves US trade deal to avert Trump tariffs

The European Union approved legislation to enact its trade deal with the United States on Tuesday, more than two weeks before President Donald Trump would have imposed higher tariffs on the 27-nation bloc if the pact hadn’t taken effect.

As Hormuz Crisis Eases, Gas Prices May Drop—Other Costs Like Groceries and Home Goods Could Stay High for a While

Oil prices are falling after a tentative agreement to reopen the Strait of Hormuz, but broader relief from higher prices may take time.

Struggling Pizza Hut restaurant chain to be sold in two deals worth $2.7bn

Yum! Brands, parent company of KFC and Taco Bell, to sell Pizza Hut as it faces dated stores and growing competition

Democrats' freakout over Musk shows they don’t know how prosperity is created

Businessman Elon Musk became the world’s first trillionaire last Friday, after his company SpaceX raised $75 billion through an initial public offering on Nasdaq, a price that placed SpaceX’s valuation at $2.1 trillion. The IPO also made millionaires of over 4,000 current and former SpaceX employees, facts which most Americans celebrated.