Economy

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Mamdani offers 30% discounts for staple items in city-owned grocery stores

New York City Mayor Zohran Mamdani announced on Monday his administration will be offering 30% discounts for staple items at his promised government-run grocery stores in each of the city’s five boroughs.

Cattle imports on southern border reopened after screwworm halt

The Department of Agriculture on Friday announced it was opening several southern ports back up for livestock imports, lifting a ban it had placed on entry points bordering Mexico designed to keep the New World Screwworm at bay.

Musk's Bad Week: Tesla Suffers Worst Slump Since 2022, SpaceX Drops Ahead of Starship Test Flight

Tesla shares plunged almost 18% this week after the company missed on earnings and turned cash flow negative.

South Korea’s AI boom is spilling into housing, widening the property divide

AI-driven gains at Samsung and SK Hynix are moving into South Korea’s housing market, raising affordability concerns.

Wealth migration from UK could accelerate with Andy Burnham’s policies: Consultant

deVere’s Nigel Green explains how newly appointed U.K. PM Andy Burnham’s proposed fiscal policy which intends to spur growth may have reverse effects where increased wealth migration may lead to a net reduction in tax revenue.

LNG market disruption may continue for months as a top producer withholds some Italian shipments

QatarEnergy extended its force majeure, withholding four additional liquefied natural gas cargoes until September.

Iran Says It Is Selling Oil at 20% Premium as End of U.S. Blockade Sees 40 Million Barrels Exported

The ceasefire prompted a surge in crude shipments through the Strait of Hormuz, where traffic had largely ground to a halt during the conflict.

CNBC Daily Open: AI demand fuels investors' portfolios while oil posts biggest monthly decline

The tech space continues to be fueled by rising artificial intelligence demand, with investors piling their portfolios in the technology, while Amazon Web Services dabbles with Forward Deployed Engineering units to better compete with OpenAI and Anthropic.

'Fine for others to pay more': can Japan attract more overseas tourists while charging them extra?

Japan has ambitious targets to increase overseas visitor numbers, but there are growing concerns about overtourism. One possible answer is two-tier pricing

Trump Made Over $1 Billion on Crypto Ventures Last Year, Financial Disclosure Shows

Updated on: June 30, 2026 / 9:13 PM EDT / CBS News

Trump made over $1 billion from crypto businesses in 2025, filing shows

President Donald Trump raked in over $1 billion from his cryptocurrency dealings in 2025, according to a recent Office of Government Ethics filing.