Economy

Beijing moves to clarify tax rules stoking confusion among China's ultra-wealthy

Beijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.

Russia's economy has defied the skeptics. Cracks are getting harder to hide

Russia's wartime economy is under growing strain as its budget deficit widens and analysts warn pressure could intensify next year.

Extreme heat spurs earliest-ever Champagne harvest, putting its famous taste to the test

Producers of the iconic French fizz face a challenge to preserve its taste profile while they also battle tariff complications and fewer drinkers.

Situational Awareness filing shows AI bets before forced portfolio sale to Citadel

The hedge fund's five largest disclosed stock holdings at the end of June were Sandisk, Micron Technology, Bloom Energy, Taiwan Semiconductor and Nebius Group.

World Liberty Financial bank charter preliminarily approved

A regulator has given conditional approval for a bank charter application tied to World Liberty Financial, the cryptocurrency firm associated with the Trump family.

Berkshire Hathaway boosts Alphabet to a top three holding, ups Delta and housing bets

Berkshire owned about 106 million shares in the parent of Google, worth $37.9 billion at the end of June, according to a regulatory filing released Friday.

Most global trade flows through these 27 chokepoints. The economic risks are rising, report says.

August 14, 2026 / 4:10 PM EDT / CBS News

Goldman’s latest cash cow is all about funding the AI infrastructure boom

Nvidia and Intel recently tapped the bank to help them meeting soaring demand for compute.

Retail earnings next week could shed light on the health of consumer spending. Here's what's ahead

Next week brings financial reports from some of the country's largest retailers, including bellwether Walmart.

How consumers can get a refund for Trump tariffs struck down by Supreme Court

August 14, 2026 / 2:47 PM EDT / CBS News

What flash memory maker SanDisk told investors this week is a boon for our newest stock

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Seth Klarman's Hedge Fund Baupost Buys Into Ackman's Pershing Square, Adds to Tech Bets

The Boston-based investment firm disclosed a small stake in Pershing Square Inc., which trades under the ticker symbol PS.