Economy

The Climate Question That Economists Cannot Answer

Models can predict catastrophic or modest damages from climate change, but not which of these futures is coming.

Chew on this: U.S. food prices are still up 19% since 2022

January 14, 2026 / 10:50 AM EST / CBS News

What are today's mortgage interest rates: January 14, 2026?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.

Trump's war on the Fed threatens global financial stability, European central bankers warn

European central bankers said an "obedient" Fed under White House control would be "extremely grave" for global financial stability.

Saks Global files for bankruptcy after takeover leads to financial collapse

Debt-riddled retail giant’s demise has cast uncertainty over the future of US luxury fashion

Citigroup tops estimates on stronger net interest income, smaller loan loss provision

Under CEO Jane Fraser, Citigroup is in the midst of a restructuring, selling off parts of its overseas operations.

How activist investors plan to take on Big Oil at the 2026 AGM season

In its newly revised strategy, Dutch group Follow This said it would will focus on the financial risks associated with declining oil and gas demand.

Supreme Court tariff ruling: It's not just about refunds. Volume of U.S. freight trade could hinge on decision

Logistics experts tell CNBC that freight shipping container trade could see a bump if the Supreme Court rules President Trump's IEEPA tariffs are illegal.

Bank of America tops estimates on better-than-expected net interest income, equities trading

Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry's recent tail winds.

Tariffs and AI's downside pose top global risks for business, World Economic Forum says

The report captures a shifting landscape where geoeconomic confrontation leaps to the top spot on the list of business worries over the next two years

Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection

Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.

‘Resource nationalism’ could propel gold to $5,000 and silver to $100 this year, investors say

Silver broke above $90 for the first time on Tuesday.