Economy

How big oil is cashing in on Iran war

The world’s top 100 oil and gas companies made more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, according to exclusive analysis for the Guardian.

A few tankers and ships are going through the Strait of Hormuz. Here's the latest traffic

Tanker transits Tuesday were 90% below traffic before the U.S. and Israel attacked Iran, according to shipping data.

Big US Banks Rake in Near $50 Billion Profit as Iran War Shakes Markets

Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings

China is also 'hurting' from the Iran ceasefire: Tiana Lowe Doescher

Washington Examiner economics columnist Tiana Lowe Doescher said Iran and China are both “hurting” as economic and energy pressures mount from the Iran war, even amid the ongoing two-week ceasefire.

What could mortgage interest rates look like by the end of 2026? Here's what some experts predict.

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It's Tax Day. Here's how big the average tax refund is in 2026.

Updated on: April 15, 2026 / 9:43 AM EDT / CBS News

What are today's mortgage interest rates: April 15, 2026?

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Sales engineer takes home $1 million Picasso with $117 raffle ticket

Updated on: April 15, 2026 / 8:50 AM EDT / CBS/AP

$30 Million an Hour: Big Oil Reaping Huge War Windfall From Consumers, Analysis Finds

Exclusive: Climate action blockers including Saudi Arabia, Russia and major fossil fuel firms set to make extra $234bn by end of 2026

'They want to keep denying us our rights': workers in Vermont’s $5.4bn dairy industry fight for basic labor protections

Migrant labor fuels much of Vermont’s dairy industry, but workers are exempt from minimum wage rules, overtime protections and the right to unionize

Morgan Stanley tops estimates as trading revenue exceeds expectations by nearly $1 billion

Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in revenue.

Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of control