Economy

UK bank bosses plan to set up Visa and Mastercard alternative amid Trump fears

Exclusive: First meeting to be held over domestic payments system aimed at reducing reliance on US networks

Visa's Olympics monopoly highlights Europe's payment headache

Under a sponsorship deal with the International Olympic Committee dating back to 1986 and extended to 2032, Visa is the sole card provider at the Games.

Is silver investing too risky in retirement? Here's what experts say.

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S&P 500 finds itself once again unable to surmount the 7,000 threshold

Another week when "It could've been worse" passes for a declaration of victory on Wall Street, as traders navigate mini-crashes rolling through one sector after the next.

Long-term unemployment is becoming 'a status quo' in today's job market: It's a 'mental war,' job seeker says

Long-term job seekers say they're lowering their expectations, taking on gig work and reconsidering what to do with their careers.

Parents with student loans have a short window to secure affordable repayment and forgiveness

Parents with student debt may be excluded from affordable repayment plans and loan forgiveness in the coming months if they don't take certain steps soon.

What's Open and Closed on Presidents Day 2026? Here's What to Expect on the Federal Holiday.

Updated on: February 16, 2026 / 8:38 AM EST / CBS News

The AI ‘scare trade’ is tearing through markets. Bernstein picked 8 stocks that can weather the storm

Analysts at Bernstein have highlighted eight stocks they consider as AI disruption-proof.

The US is merely the latest to join the global rush to hoard critical minerals

JD Vance is seeking to create a ‘trading bloc’ as shortages and climate crises mean a kaleidoscope of rare earths are increasingly jealously guarded

Crypto Is a Victim of Its Own Success

Bitcoin, which has been plummeting in value, has come to feel less like a rebel upstart, more like an eccentric uncle.

What to know about Trump's 'Project Vault' mineral stockpile

President Donald Trump‘s new critical minerals stockpile is aimed at safeguarding the U.S. supply chain from market disruptions, furthering the administration’s push to bolster domestic supply chains and reduce reliance on China.

Debate heats up over California wealth tax

California has long been hailed as the land of innovation and opportunity, but now, the state is at the center of a heated debate over wealth, fairness, and the future of its economy.