Economy

The Federal Reserve is quickly running out of reasons to cut interest rates

Friday's jobs report provided evidence that the central bank's larger concern is a cost of living that is getting increasingly hard to bear.

Michael Burry says the market today feels like 'the last months of the 1999-2000 bubble'

"Stocks are not up or down because of jobs or consumer sentiment," Burry wrote. "Feeling like the last months of the 1999-2000 bubble."

Stock pullbacks can be an opportunity to make your money back and then some. Here's how

Following its Q1 2026 earnings release, Fluor is pulling back by 15%.

Stocks making the biggest moves midday: Akamai, Fluence, Cloudflare, Micron Technology, Upwork & more

Here are some of the stocks making headlines in midday trading.

$100,000 CD vs. $100,000 high-yield savings account vs. $100,000 money market account: Here's which will earn more interest now

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Applied Materials is among the stocks reporting next week with earnings momentum

Other stocks with earnings momentum at their back include Constellation Energy and Ross Stores.

Jim Cramer says this struggling stock could remain under pressure in AI-driven market

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

New jobs data beats expectations but unemployment rate remains concerning

The U.S. added 115,000 jobs in April, but some data remains concerning. CBS News' Kelly O'Grady reports.

Employers added 115,000 jobs in April, blowing past forecasts

Updated on: May 8, 2026 / 11:44 AM EDT / CBS News

This company made headlines for its aggressive AI-driven layoffs. Citi says it's paying off

The bank, which has buy rating on the fintech name, raised its price target on shares.

Is ‘tax the rich’ really hate speech? Won’t someone think of the billionaires?

The top 1% have it hard, too

Consumer sentiment falls to fresh record low in May as surging gas prices hit outlook

Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.