Economy

Citigroup tops estimates on stronger net interest income, smaller loan loss provision

Under CEO Jane Fraser, Citigroup is in the midst of a restructuring, selling off parts of its overseas operations.

How activist investors plan to take on Big Oil at the 2026 AGM season

In its newly revised strategy, Dutch group Follow This said it would will focus on the financial risks associated with declining oil and gas demand.

Supreme Court tariff ruling: It's not just about refunds. Volume of U.S. freight trade could hinge on decision

Logistics experts tell CNBC that freight shipping container trade could see a bump if the Supreme Court rules President Trump's IEEPA tariffs are illegal.

Bank of America tops estimates on better-than-expected net interest income, equities trading

Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry's recent tail winds.

Tariffs and AI's downside pose top global risks for business, World Economic Forum says

The report captures a shifting landscape where geoeconomic confrontation leaps to the top spot on the list of business worries over the next two years

Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection

Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.

‘Resource nationalism’ could propel gold to $5,000 and silver to $100 this year, investors say

Silver broke above $90 for the first time on Tuesday.

European stocks close higher as focus shifts to Greenland talks; BP warns of $5 billion impairment charge

European stocks ended higher on Wednesday as investors in the region focused on a meeting between U.S. and Danish officials to discuss Greenland.

General Motors CEO Mary Barra on adjusting to "few-billion-dollar impact" of tariffs on business

January 13, 2026 / 7:28 PM EST / CBS News

Japanese stocks hit another record high as expectations of snap poll rise

This comes as Japan's ruling LDP under Prime Minister Sanae Takaichi is expected to call an election in February.

Looking to kickstart your career? These are the best jobs for 2026, Indeed says

Updated on: January 13, 2026 / 5:43 PM EST / CBS News

Munis have a strong start to 2026. Where Wall Street sees opportunity

This is the ideal moment for investors to add municipal bonds, says strategist Tom Kozlik.