Economy

Fed Approves Interest Rate Hike, Signals One More to Come This Year

The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.

Fossil fuel advertising contracts at all-time high in 2026

In year of extreme weather, ad agencies found to be building Big Oil’s image as integral to family life and security

Energy disruptions set off alarm bells over rising oil and gas prices

Renewed energy market disruptions have triggered panic around the world, sending prices soaring as the Trump administration seeks to quell backlash against the effects of wars in the Middle East.

Trump donor Harold Hamm's Continental Resources to develop oil region in Venezuela

Continental said it undertook an "independent evaluation of opportunities" in Venezuela after President Donald Trump called for the industry to invest.

China Opens $10 Billion Shipping Canal to Southeast Asia in Big Win for CCP

The Chinese Communist Party has chalked up a major win for its Belt and Road Initiative, opening a massive shipping canal that will connect swaths of the country to trade routes in Southeast Asia.

Amazon Raising Starting Pay to $20 an Hour and Adding Whole Foods Perks, Company Says

September 16, 2026 / 11:56 AM EDT / CBS News

Can a debt relief company help after you've been sued for unpaid debt?

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Taxing unsold crypto isn't policy

For the better part of a decade, Washington has tried to force 21st-century financial technology into a tax code built for another era. The results are predictable: confusion, unnecessary compliance costs, arbitrary tax treatment, and a bureaucracy that makes ordinary people pay for Washington’s failure to keep pace.

Ed Yardeni slashes S&P 500 target, says ‘proceed with caution’ in stocks as rates rise

The sharp rise in bond yields is making even the biggest market bulls nervous. Ed Yardeni is no exception.

International protests break out over rising oil and gas costs

Oil market shocks related to wars in the Middle East and Ukraine have triggered international protests, unrest slated to grow as continued shocks send oil and gas prices soaring.

World's Top-Performing Sovereign Wealth Fund Warns of Looming Pullback in U.S. Stock Market

New Zealand's $54 billion pension fund returned 14.2% in the year to June.

Duke Energy CEO says data centers will have 'no impact' on electricity bills

EXCLUSIVE — The CEO of one of the largest utility companies in the United States said that the rapid build-out of artificial intelligence data centers will not increase electricity bills, a possibility that has scared voters ahead of the November midterm elections.