Economy

Gold and silver extend rebound but concerns over volatility linger

Gold and silver climb with further gains seen determined by rate expectations

UBS CEO Sergio Ermotti welcomes 'very strong' fourth-quarter results

Sergio Ermotti, CEO of UBS, said the Swiss lender delivered "very strong" fourth-quarter earnings.

Novo Nordisk CEO addresses U.S. headwinds after guidance shock

Novo Nordisk CEO Mike Doustdar discusses the pharma giant's Q4 reporting, uptake of obesity drugs and how he plans to navigate price pressures throughout 2026.

Europe stocks close higher after investors digested slew of earnings reports

European stocks closed marginally higher on Wednesday as investors in the region digested further earnings reports.

Gold extends gains, breaking past $5,000; Asia stocks trade mostly higher, breaking ranks with Wall Street

Asia-Pacific markets mostly rose, breaking ranks with Wall Street as a sell-off in U.S. technology stocks weighed on sentiment.

How one country is engineering its way out of a construction cost crisis

While a building boom is good for the economy, it presents challenges, with construction costs in Singapore consistently ranked among the highest in the world.

More companies are pointing to AI as they lay off employees

Updated on: February 3, 2026 / 5:47 PM EST / CBS News

Why Kevin Warsh's efforts to shrink the Fed balance sheet might not wreck markets this time

The prospect of a Fed chair determined to shrink asset holdings may not be the risk-off moment for the market that it appears to be.

U.S. could issue general license for oil companies to produce in Venezuela this week, source says

The oil industry's response to investing in Venezuela has been mixed, with ExxonMobil CEO Darren Woods describing the country as "uninvestable."

This little-known banking stock has upside, Bank of America says

Head over to the Caribbean for an unsung bank stock that offers a combination of upside and income.

Chipotle stock sinks as restaurant chain reports falling traffic, weak guidance

Chipotle stock has fallen about 33% over the last year, dragging the company's market value down to about $51 billion.

Private credit stocks plummet on concern about exposure to software industry disrupted by AI

Shares of stocks with significant private credit market exposure were diving on fears about exposure to the industries being disrupted by artificial intelligence, including software.