Economy

Why we like Starbucks’ latest turnaround move

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

This stock’s defensive appeal faces a valuation test. Here’s where else investors can look

Investors looking for defensive stocks need to be wary. Best-of-breed companies can become pricey relative to other options.

Surging Treasury Yields Pose a Brand New Problem for Kevin Warsh and the Fed

Markets expect the central bank will take a firmer hand on inflation. It's not that easy.

Bond liquidation wrecks small caps. Here's how bad some traders see it getting

While the S&P 500 powers through rising bond yields and higher crude oil prices, one section of the U.S. stock market is falling behind.

FAFSA opens early: Why families should apply for college aid now

College-bound students and their families can now complete the 2027-28 Free Application for Federal Student Aid, or FAFSA.

Pete Hegseth reports at least $3.1 million in cash, investments and bitcoin

Defense Secretary Pete Hegseth reported at least $3.1 million in assets as he faces an impeachment push in Congress over his handling of the Iran war.

Mortgage rates surpass 7% in blow to housing market

Mortgage rates in the United States have surpassed 7% for the first time in nearly two years, as the housing market continues to reel from the ongoing Iran war.

Mortgage rates are back above 7%. How much higher could they climb?

Updated on: September 24, 2026 / 3:46 PM EDT / CBS News

US mortgage rates top 7% for first time in 20 months

Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wages

Scott and Warnock unveil bill to strengthen critical mineral supply chain

EXCLUSIVE — Sens. Tim Scott (R-SC) and Raphael Warnock (D-GA) have introduced bipartisan legislation to bolster the U.S. critical mineral supply chain by creating a training program for members of the Foreign Service and establishing a permanent adviser on minerals.

What today's gold prices could mean for your retirement savings

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Energy Department spending $5 billion on grids to boost data centers, lower bills

The Department of Energy has unveiled $5 billion in spending on projects to upgrade grid and transmission infrastructure across the country, aiming to make more power available to data centers while also lowering electric bills.