Economy

UK government divided over minimum wage increase in face of youth jobs crisis

Exclusive: Some fear raising rate for people aged 18-20 will exacerbate unemployment while others point to lack of evidence

Here's how much interest a $10,000 long-term CD can earn now

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Wall Street rides high into June on hopes that the war will soon come to an end. Here's what's ahead

The stock market continues to bet on some sort of resolution being found with Iran. But there is also no shortage of other risks heading into a new month.

Southwest rolls back its overweight passenger policy. Here's what's changing.

Updated on: May 29, 2026 / 1:49 PM EDT / CBS News

Iran War Cost: Average U.S. Household Paying $450 More on Gas and Energy

Higher energy costs can force consumers to raid their savings and lean more on debt to cover expenses.

Roth IRA owners may need a second retirement account to claim the new Saver's Match

The Saver's Match program, which starts in 2027, is for lower- and moderate-income retirement savers — but Roth IRA owners may face a hurdle to get the money.

Will the EU finally get tough on China's 'existential' trade threat? Doubtful

The European Union is holding key discussions on Friday over whether to impose tariffs or other measures against Chinese imports. While symbolic action is likely, that action will likely be delayed and largely watered down. Assuming that is the case, European industries will remain victim to China’s endemic dumping of state-subsidized goods into their markets.

As SpaceX IPO nears, traders think it's a near-certainty Musk becomes the first trillionaire

With buzz about a record-shattering IPO for SpaceX, traders are confident Elon Musk will advance to trillionaire status before 2027.

Stocks Making the Biggest Moves Midday: Nextpower, AST SpaceMobile, Dell, NetApp & More

These are the stocks posting the largest moves midday.

Oil prices on track for steepest monthly fall since 2020

Brent crude futures down 19% since end of April amid hopes of US-Iran peace deal, while stock markets rally

Can Buy Now, Pay Later Debt Impact Social Security Recipients?

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Brent oil price posts biggest monthly loss in six years as market counts on a U.S.-Iran deal

Oil prices fell Friday after President Trump said he would meet in the White House Situation Room to make a final decision about a deal with Iran.