Economy

The $13bn World Cup: how the numbers stack up on Fifa’s 2026 balance sheet

The earnings from the tournament in the US, Mexico and Canada will make it the most lucrative competition in the history of sport, even if some of the 48 competing countries say they are struggling to make ends meet

European markets rebound as oil prices fall; BOE and ECB hold rates

European stocks edged higher on Thursday, reversing morning losses, as investors assessed more earnings and central bank moves.

Brent oil pulls back after climbing to $126 per barrel on U.S.-Iran escalation fears

Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.

Talks to bail out Spirit Airlines stall as company teeters toward collapse

Updated on: April 29, 2026 / 6:39 PM EDT / CBS News

How Banyan Group survived crisis after crisis

Banyan Group’s founders share insights on building a global luxury hospitality brand — and how they navigated crisis after crisis without compromising their values.

Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs

April 29, 2026 / 5:53 PM EDT / CBS News

Stocks making the biggest moves after hours: Alphabet, Microsoft, Amazon, Meta & more

See which stocks are posting big moves after the bell.

Analysis: The Warsh Revolution is Coming. Powell Won’t Stand in the Way.

The outgoing leader may be staying on in a lesser capacity, but he won't be a spoiler in Kevin Warsh's Fed.

Jerome Powell says he’ll stay on Fed board after central bank keeps interest rates unchanged in defiance of Trump

Chair had said he’d leave after inquiry into building renovations but now says there are ‘remaining steps in the process’ he’s watching

Stock investors fared very well under Powell. Bond investors, not so much

Investors are starting to draw conclusions on what Powell's tenure has meant for Wall Street.

$50,000 CD vs. $50,000 high-yield savings account vs. $50,000 money market account: Which will earn the most in 2026?

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Trump says it's 'great' that UAE pulled out of OPEC

The UAE has faced repeated missile and drone attacks by Iran, a fellow OPEC member, as it responds to the U.S.-Israeli war.