Economy

Hormuz closure clouds China's crude imports after they hit a 3-month high in July

China's crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.

How Rent Control Squeezes the Housing Market

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China's Exports Growth Beats Estimates in July, as AI-Driven Shipments Surge

China's exports rose more than expected in July, as global demand for high-tech components continues to absorb the country's manufactured goods.

CNBC Daily Open: Trump's deal seems to be in dire straits

It is starting to look like the Iran deal with the U.S. is unlikely to be sealed soon, even as the Trump administration had signaled an agreement by Thursday.

After decades of decline, New Zealand’s wool industry is making a comeback

Forty years ago there were more than 22 sheep to every New Zealander, but wool prices and production declined with the uptake of synthetic alternatives

Oil rises as Iran's draft plan sees U.S. and Israel banned from Strait of Hormuz

News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

A 'weaponized' yen: How the U.S.-Japan intervention may reshape global currency markets

The unprecedented U.S.-Japan intervention to support the yen may end up shaping market behavior.

Trump administration pays out $100 billion in tariff refunds to businesses

The U.S. government has refunded more than $100 billion to several companies for tariffs they paid after the Supreme Court deemed them illegal, according to a court filing this week. But will consumers see any of that money? CBS News MoneyWatch reporter Megan Cerullo joins to discuss.

From birth to brokerage: Why South Korea is seeing a surge in infant investment accounts

South Korean babies are turning into mini shareholders, thanks to their parents' investment strategies.

Friday's big stock stories: What’s likely to move the market in the next trading session

The Dow Industrials snapped a five-day winning streak on Thursday and the S&P 500 notched back-to-back losses as oil prices rose.

Jim Cramer explains why Ralph Lauren remains one of retail's best stocks

CNBC's Cramer said RL's outperformance stems from a strategy centered on elevating the brand, expanding its core business, and winning in key global markets.

Trump Is Asking the Private Sector to Save Him

Piecemeal price cuts won’t solve the Iran war’s effects on inflation.