Economy

Gas prices fall below $4 a gallon for the first time in nearly 3 months

Updated on: June 18, 2026 / 3:27 PM EDT / CBS News

Cuba expands permits in emergency economic plan

The Cuban Communist Party approved an emergency economic reform package on Thursday aimed at opening parts of the island’s tightly controlled economy as the government grapples with a deepening economic crisis and renewed pressure from the United States.

Trump administration temporarily cuts student loan interest rates for borrowers on autopay

The Trump administration announced it will offer federal student loan borrowers who sign up for autopay a larger interest rate discount.

The average SpaceX buyer post-IPO is almost under water after two-day slide

Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.

The Fed just paused interest rates again. Here are 3 affordable ways you can still borrow money.

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Wall Street recovers from Fed slump, and the next step for Amazon's AI chip ambitions

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

Kalshi traders see greater than 50% odds the Fed will hike rates this year

The Federal Reserve suggested higher rates could be in the cards, and traders on Kalshi see growing odds of a hike in 2026.

These families have been in business for 100 years—they say the American Dream isn't what it used to be

For the first time in generations, a wide array of U.S. entrepreneurs are struggling to do better than their parents, small-business owners and experts say.

How this century-old NYC family business achieved the American Dream—and how it survives today

Adam Brand is the fourth generation in his family to run M&S Schmalberg, a New York-based custom fabric flower shop founded by his great-great uncles Morris and Sam Schmalberg in 1916. Today, its flowers of all shapes, sizes and materials appear on Met Gala red carpets and in TV shows like HBO's "Sex and The City" and Netflix's "Bridgerton."

How to find the highest CD interest rate this June

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SpaceX shares to more than double to above $400, research firm predicts

The stock move could make SpaceX the largest company in the world.

More than 12.5 million barrels of oil crossed Strait of Hormuz: Vance

Vice President JD Vance said more than 12.5 million barrels of oil have passed through the Strait of Hormuz overnight following the agreement reached with Iran, indicating that global oil markets are seeing relief from the supply disruptions that have driven up prices over the past few months.