Economy

Historic harvests and sky-high prices

Though coffee is one of the world’s most important commodities, little of the profit trickles down to the farmers, while workers are abandoning the countryside in search of more lucrative jobs in the city

Oil prices will likely fall quickly

Because Iran has previously demonstrated its willingness to close the key trade route through the Strait of Hormuz, some media outlets are speculating that oil prices could soar to $100 a barrel or higher. They argue that this could cause a recession in the United States, which would spread across the global economy.

Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.

Overdrawn, Underpaid and Over It: How Four People Conquered Their Debt Mountains

It’s easy to let your credit card balance mount up – and hard to admit you have a problem. But help is at hand. We talk to four people who worked their way back into the black

Swiss sneaker maker plunges 14% on weak guidance, slower than expected 2026 growth

On is entering the third and final year of its strategy to double sales by 2026 in a quest to "be the most premium global sportswear brand."

UK finance minister delivers economic update in the Spring Statement

Economists didn't expect any major policy announcements as the government prioritizes its "Autumn Budget" as the main fiscal event of the year.

Want a better job and a pay rise? Eleven ways to progress at work

Keep your boss happy, develop your ‘personal boardroom’, ask for honest feedback, don’t take the notes in every meeting and remember: no one gets promoted for inbox zero

European stocks close 3% lower as Middle East conflict intensifies

European stocks ended firmly in negative territory Tuesday as the geopolitical crisis in the Middle East continued to weigh on market sentiment.

The Strait of Hormuz is facing a blockade. These countries will be most impacted

A closure of the Strait of Hormuz would send shock waves through global energy markets, but the pain would be felt most acutely in Asia.

Target says it's on track to end its sales slump after another lackluster quarter

The big-box retailer Target posted its fiscal fourth-quarter results as it hosted an investor meeting at its Minneapolis headquarters.

Gas prices are set to rise amid U.S.-Israeli war with Iran. Here's what you could pay at the pump.

Updated on: March 2, 2026 / 8:11 PM EST / CBS News

Strait of Hormuz Ship Traffic Slows to a Crawl. Here's What to Know About the Key Oil Waterway.

Updated on: March 2, 2026 / 8:10 PM EST / CBS News