Economy

What next for BP? Leadership exits test investor confidence in board oversight

An executive exodus at BP has sparked intense scrutiny from investors.

It was Britain’s most expensive house. Why is its only resident a homeless man who lives on the porch?

2-8A Rutland Gate had jewel-encrusted bathroom suites and gold wastepaper bins in its 45 rooms, but has lain empty for years. With many people desperate for secure housing, what does the abandonment of this palace tell us about the UK?

China May wholesale inflation hits near 4-year high on Iran war-led higher input costs, AI boom

The Middle East conflict has given China's economy a reflationary boost as energy and raw material disruptions deepened.

Oil choppy after U.S. completes Iran strikes following Apache helicopter attack

Oil prices rose after the U.S. launched military strikes against Iran, raising concerns that renewed clashes may threaten shipping through the Strait of Hormuz.

CNBC Daily Open: Trump's Iran deal is 'days away'

U.S. Energy Secretary Chris Wright said ship traffic through the Strait of Hormuz was 'rising very meaningfully,' although he did not provide specific data.

OpenAI announces plan to go public, SpaceX set to launch IPO this week

Last week, Anthropic, valued at almost a trillion dollars, filed to go public. Yesterday, its chief rival OpenAI confidentially filed for an initial public offering. Later this week, SpaceX is set to go public in what could be the largest IPO ever. Jon Krohn, the co-founder and CEO of Y Carrot, joins CBS News to discuss.

Wednesday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session

The S&P 500 and Nasdaq Composite fell in Tuesday's trading as chip stocks went back to their losing ways.

Kalshi rolls out whistleblower services, employment verification to curb insider trading

The platform will require traders to disclose their employer's identity when trading on sensitive markets, a Wall Street Journal article first reported.

These dividend stocks have slashed their payments, Morgan Stanley says

Shares of some companies could turn around if they clean up their act after cutting their dividend payments.

Strategy's sell-off signals the first real stress test for the bitcoin treasury trade

"When Strategy comes under fire, bitcoin itself comes under fire," Benchmark analyst Mark Palmer.

Inflation in May likely topped 4% for the first time in 3 years, economists say

Economists expect a key inflation gauge set to be released on Wednesday to show that U.S. consumer prices in May rose at their fastest pace in more than three years.

How much interest can a $200,000 CD account earn now?

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