Economy

Electricity costs expected to hit record high this summer, new analysis finds

Updated on: June 15, 2026 / 12:51 PM EDT / CBS News

Dick's Sporting Goods expanding Lids shops to 100 locations

Dick's Sporting Goods announced a partnership to bring Lids shops to 100 Dick's stores.

Evercore ISI says landmark SpaceX IPO could reignite bull market, send S&P 500 to 9,000

Strategist Julian Emanuel likened the early enthusiasm around SpaceX to the Netscape IPO of 1995 that ushered in a period of optimism around the internet.

The Warner Bros.–Paramount Merger Isn’t Hollywood’s Biggest Problem

Regardless of what happens between the studios, the film industry “is still in trouble,” a historian says.

Oil tumbles on US-Iran deal framework: How one trader is playing the move

Airline stocks are rallying Monday and the U.S. Global Jets ETF (JETS) is on the verge of a new high for the year.

SpaceX IPO Leaves Retail Investors with Too Few Shares and a Tough Hold-or-Sell Decision

Those who did receive stock are taking different approaches, with some selling into the company's market debut while others holding for the long haul.

Trump trusts Fed Chair Kevin Warsh. It matters for more than interest rates

New Fed Chair Kevin Warsh is expected to hold interest rates steady this week, but President Donald Trump’s trust gives him room to pursue longer-term changes.

Stocks making the biggest moves midday: SpaceX, Roku, Tripadvisor, Ferrari & more

These are the stocks posting the largest moves in midday trading.

Hundreds of U.S. cities now have starter homes that cost $1 million, Zillow finds

June 15, 2026 / 11:53 AM EDT / CBS News

What happens if a debt collector freezes the wrong bank account?

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Crude oil prices drop to three-month low after Trump announces Iran deal

Crude oil prices fell to a three-month low Monday after President Donald Trump announced that the United States and Iran had reached a deal, which resumed tanker traffic through the Strait of Hormuz.

Can creditors garnish money from an inherited IRA?

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