Economy

Oil prices fall after double-digit weekly gains above $100

The decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.

Global bond sell-off deepens as $100 oil stokes stagflation fears

The yield on German 10-year bonds, seen as the euro area benchmark, crossed 3.5% on Friday for the first time since April 2011.

Live Updates: Diesel hits record $6 a gallon as, reports say, Iran-backed Houthis take key Red Sea territory

Updated on: September 11, 2026 / 7:48 PM EDT / CBS News

‘Just worry upon worry’: Europe faces a bleak winter as supply shock pushes factories to the brink

From Shropshire to Hamburg, depleting reserves and spiralling costs are spawning a continent-wide energy crisis

Further European rate hikes 'very much dependent' on energy costs, Bundesbank chief tells CNBC

Joachim Nagel told CNBC that a potential move in rates into restrictive territory was "very much dependent on how the energy prices evolve."

Jamie Dimon joins bankers lobbying the UK ahead of its critical budget

Bankers are pressuring the British government ahead of its Autumn Budget, in which the newly minted leadership will lay out its fiscal plans for Britain.

CNBC Daily Open: Two market forces battle for dominance

Bond yields and oil prices keep investors' attention ahead of key inflation data that could set the course for the Fed.

China's global hunt for tax revenue may be just getting started

Beijing's recent push to tax offshore wealth may be only the opening phase of a broader campaign that could eventually reach overseas properties, inheritances.

'Welcome to Foldables' Samsung roasts Apple for being late to party

Samsung trolls Apple's foldable debut; oil back above $100, pushing the Fed toward a hike next week.

Hassett kept up to $5 million Coinbase stake as Trump reshaped crypto policy

Trump economic advisor Kevin Hassett owned as much as $5 million in Coinbase while serving as the White House's top economic advisor, his disclosure shows.

Bessent says 'a large bank' will be sanctioned on Monday as part of Iran strategy

U.S. Treasury Secretary Scott Bessent said that a large bank would be sanctioned next week.

Friday's big stock stories: What's likely to move the market in the next trading session

The major averages slid for the fourth straight session on Thursday, dragged lower by a jump in Treasury yields and oil prices.