Economy

Trump says gas prices should be at $2.25 if not for oil conglomerates

President Donald Trump excoriated several U.S. oil giants for not working to bring down gas prices fast enough in the wake of the memorandum of understanding with Iran, which he signed last week.

JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test

The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks weathered a hypothetical recession.

Elon Musk loses trillionaire status as SpaceX and Tesla stock drops

Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire

Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules

The Fed's annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.

How much interest can a $45,000 CD account earn now?

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Trump to ask Congress to make 15% ethanol-gas blend permanent

Updated on: June 24, 2026 / 3:16 PM EDT / CBS News

These are Schwab's top three income ideas for the rest of 2026

Collin Martin of Schwab Center for Financial Research lays out where he sees the best opportunity for income investors right now.

Will mortgage interest rates drop in July? 4 things to consider now

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Buy Verizon over Alphabet if a history of Dow changes is any guide

Verizon's removal from the Dow may not be bad news for investors. Historical data shows deleted stocks often outperform the companies replacing them

Energy Secretary Says U.S. Has Ended Iran's Ability to Close Strait of Hormuz

Some 72 ships loaded with 19 million barrels of oil have passed through Hormuz in the past 24 hours, Energy Secretary Chris Wright said.

This industrial play has been a quiet winner in 2026. Why the stock has more room to go

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

Wright says US can control oil through Strait of Hormuz even if Iran deal fails

Energy Secretary Chris Wright said Wednesday that the United States is in a position to maintain normal flows of oil through the Strait of Hormuz even if the U.S. is unable to strike a broader peace deal with Iran.