Economy

Coinbase is falling after revenue miss, but Citigroup says a rebound is coming. Here's why

Coinbase posted a surprise first-quarter loss on Thursday, but Citi is optimistic on the stock's long-term growth potential.

Coach handbag parent tumbled 12% after earnings. JPMorgan tells clients to buy the dip

Tapestry shares should gain, despite their plunge Thursday. The revival of the Coach brand will underpin a likely rally, according to JPMorgan.

What are today's mortgage interest rates: May 8, 2026?

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Some software stocks are breaking out of the AI-driven 'SaaSpocalypse.' JPMorgan likes these names

Things may be turning around for one of the most beaten-down parts of the stock market.

Jim Cramer's Top 10 Things to Watch in the Stock Market Friday

The April jobs report came in stronger than expected.

46 firms accounted for half the wealth generated by the stock market over the past 100 years, researchers say

Research shows that a relatively small number of stocks have historically driven markets, but that doesn't mean you should try to pick winners, experts say.

More people are using AI for retirement planning, but how accurate is it? Here's what experts say.

Updated on: May 8, 2026 / 8:55 AM EDT / CBS News

Job growth beat expectations at 115,000 in April as unemployment held at 4.3%

Job growth slowed to a still-strong 115,000 in April, the Bureau of Labor Statistics reported Friday, and the unemployment rate held at 4.3%, as the labor market showed surprising strength.

Fuel Price Spikes May Hurt Trump Admin Less Than Originally Thought

Americans’ domestic and international trips likely won’t be massively curtailed by higher gasoline prices this summer, analysts have said. Though some would-be tourists may make some subtle changes in how they travel.

Sony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch

While hardware sales took a hit in Sony's fourth-quarter, strong revenue from its image sensing and music businesses offset the dip.

Commerzbank boss pledges to defend shareholders in UniCredit takeover battle

Commerzbank said it would defend the interests of its shareholders as it fends off an acquisition move from UniCredit

Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadline

President Donald Trump said he will give the European Union until July 4 to ratify its trade agreement with the U.S.