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Saturday, June 13, 2026 4:59 PM ET

CBS News - Business

Former SpaceX welder expected to become a millionaire after historic IPO -- Juan Hernandez, a former SpaceX employee who owns 6,500 company shares, could see his wealth balloon by as much as $880,000.

1 day ago

Elon Musk becomes the world's first trillionaire with SpaceX's IPO -- The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data. -- Jun 12

1 hour ago

SpaceX shares soar following record-breaking $75 billion IPO -- SpaceX's stock opened at $150 after making its debut on the Nasdaq exchange on Friday in the biggest ever initial public offering. -- Jun 12

26 minutes ago

As SpaceX IPO launches, Texans near its Starbase HQ are mixed on the company -- SpaceX's arrival in the region has been good for business, some Brownsville, Texas, residents say, while others rue its impact on the local community. -- Jun 12

3 hours ago

SpaceX's first employee remains on mission: "Space is super important" -- Tom Mueller, Elon Musk's first hire at SpaceX, expects the company's IPO to help power a new era in space exploration. -- Jun 11

21 hours ago

Why the liberal arts can help young Americans prepare for the era of AI -- The advent of AI puts a premium on developing skills like critical thinking and communication, according to education experts. The liberal arts can help. -- Jun 12

5 hours ago

Will SpaceX's blockbuster IPO soar or sputter? Past IPOs offer clues. -- Splashy initial public offerings often skyrocket early on, only to return to earth with a thud, Wall Street analysts say. -- Jun 10

2 days ago

FDA authorizes emergency use of drug to fight screwworms in pets -- Nitenpyram is the first generic animal drug authorized to treat screwworms in dogs and cats, according to federal regulators. -- Jun 12

6 hours ago

DOJ paves way for Paramount Skydance to buy Warner Bros. Discovery -- Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.

20 hours ago

3 ways Social Security recipients can access home equity now -- Tapping home equity can offer more financial flexibility in retirement, but finding the right approach is important.

1 day ago

Here's how much more affordable a $40,000 home equity loan is now compared to 2025

1 day ago

HELOC vs. reverse mortgage: Which will be better for seniors in 2026? Here's what experts think.

1 day ago

3 mortgage moves to make before the June Fed meeting -- The Federal Reserve is set to meet again on June 16. Here are three mortgage moves borrowers should make before then.

1 day ago

Inflation just increased again. Here's what that could mean for mortgage interest rates.

1 day ago

Mortgage rates dos and don'ts that borrowers should know now

3 days ago

Will a home warranty cover the cost of a central air conditioning unit? -- A home warranty helps cover repair or replacement of certain appliances, but does that include a central AC unit?

1 day ago

Is a home warranty worth it?

1 day ago

Home warranty pros and cons: What to know

1 day ago

Tracking rising cost of cars, trucks, groceries ahead of Trump's tariffs -- CBS News is tracking the rising cost of products most impacted by tariffs imposed​ and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.

1 year ago

MoneyWatch price tracker shows how much food, utility, housing costs are rising -- These charts track prices consumers pay for groceries and other goods now compared to five years ago.

1 year ago

Here's the retirement challenge nobody talks about -- Many Americans spend decades saving for retirement, but lack a plan for using that money once they stop working, a new survey finds. Here's what to know.

4 days ago

Social Security checks could be cut by $500 a month in 2032, report finds -- Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.

10 days ago

These are retirees' 5 biggest financial fears -- Retirees say inflation, health care costs and market volatility are threatening their financial security.

23 days ago

Can an AI agent cover for you while you're at the beach? -- "AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.

5 days ago

Working remotely can hurt people's mental health, research finds -- Although working remotely offers flexibility, it also takes a toll on people's mental health, experts said.

5 days ago

The main reason some young college grads are struggling to find work -- Economists at the New York Federal Reserve say they've identified the main reason some recent college grads are having trouble landing a job.

11 days ago