Economy

Airlines to save big money on fuel as new weight loss pills gain popularity, Wall Street says

Jefferies argued that a 10% reduction in average passenger weight could translate into roughly 2% total aircraft weight savings.

Exxon Mobil hit a record after Trump threatened to cut it out of Venezuela

Exxon isn't rushing back to Venezeula, but it stands to benefit in other ways.

The Climate Question That Economists Cannot Answer

Models can predict catastrophic or modest damages from climate change, but not which of these futures is coming.

Chew on this: U.S. food prices are still up 19% since 2022

January 14, 2026 / 10:50 AM EST / CBS News

What are today's mortgage interest rates: January 14, 2026?

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Trump's war on the Fed threatens global financial stability, European central bankers warn

European central bankers said an "obedient" Fed under White House control would be "extremely grave" for global financial stability.

Saks Global files for bankruptcy after takeover leads to financial collapse

Debt-riddled retail giant’s demise has cast uncertainty over the future of US luxury fashion

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