Economy

What are today's mortgage interest rates: May 1, 2026?

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Home prices dropped in dozens of big U.S. cities this year. Here's where.

Updated on: May 1, 2026 / 8:53 AM EDT / CBS News

A major shift could soon happen in the Mag 7

Quietly, shares of Google-parent Alphabet are on the verge of topping $5 trillion, and overtaking AI-leader Nvidia as the world's most valuable company.

Stocks making the biggest moves premarket: Apple, Estee Lauder, Roku, Reddit, Roblox and more

These are the stocks posting the largest moves premarket.

Japan risks Trump’s ire as Iran war fallout sparks currency intervention

“FX intervention will only get them so far,” one strategist said after the yen surged.

Exxon Mobil and Chevron earnings fall as Iran war disrupts oil shipments

Oil prices were depressed during the first two months of the year, but suddenly spiked after the U.S. and Israel attacked Iran on Feb. 28.

In abandoning OPEC for the free market, UAE sees Iran writing on the wall

By the time you’re reading this, the United Arab Emirates, the world’s fourth-largest oil exporter, will have left the Organization of the Petroleum Exporting Countries after nearly 60 years of membership.

CEO pay soared in 2025, 20 times faster than workers’ pay

Analysis finds real wages fell 12% since 2019, with inequality widening in the US beyond global levels

The GOP must deliver immediate tax relief before the midterm elections

In Focus delivers deeper coverage of the political, cultural, and ideological issues shaping America. Published daily by senior writers and experts, these in-depth pieces go beyond the headlines to give readers the full picture. You can find our full list of In Focus pieces here.

Forget Universal Daycare. Just Give New Parents Cash

The usual suspects denounced it as patriarchy and the oppression of women when the Trump administration suggested it, but Democrats in Michigan have quietly embraced the idea anyway — and it looks like it’s working.

Engine trouble ahead? How the Strait of Hormuz standoff threatens luxury auto giants

Supercar engines rely on base oils because they can withstand extreme heat, high revs and intense pressure.

Trump scraps Scotch whisky tariffs ‘in honor’ of King Charles

The move is expected to recoup millions of dollars a month for Scotland’s economy.