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Tuesday, June 16, 2026 5:15 PM ET

CBS News - Business

What to expect as Kevin Warsh leads his first Fed interest rate meeting -- New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.

2 hours ago

SpaceX to buy AI coding assistant Cursor for $60 billion -- The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.

8 hours ago

Hundreds of U.S. cities now have starter homes that cost $1 million -- The number of metropolitan areas around the country with basic homes worth at least $1 million has tripled since 2020. -- Jun 15

5 hours ago

Yum! Brands sells struggling Pizza Hut in $2.7 billion deal -- The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.

8 hours ago

3,600 stock trades in 3 months: Breaking down Trump's flurry of investments -- President Trump's investment accounts traded between $212 million and $695 million in stocks and other securities in the first three months of the year - an unprecedented sum for a sitting president. -- Jun 15

7 hours ago

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. -- Jun 13

1 day ago

Electricity costs expected to hit record this summer, news analysis finds -- A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.

1 day ago

Oil prices sink, stocks soar after Trump announces deal with Iran -- Markets rally on expectations that the agreement will ease global energy supply concerns, though analysts warn gas prices may remain elevated for some time. -- Jun 15

1 hour ago

Fox to acquire Roku in $22 billion deal -- Fox said it will buy Roku for $160 per share in a cash-and-stock deal that it expects to complete in the first half of 2027. -- Jun 15

5 hours ago

Here's how much interest a $20,000 2-year CD account can earn savers now -- A $20,000 2-year CD account could produce a big return for savers. Here's what to know before getting started now.

48 minutes ago

How much interest can a $50,000 CD account earn if opened now?

48 minutes ago

How much interest will a $35,000 CD account earn now?

48 minutes ago

Can Social Security recipients qualify for a home equity loan in 2026? -- A fixed monthly income isn't always the obstacle to borrowing that many retirees assume it is. Here's why.

2 hours ago

3 debt issues to address before you retire and claim Social Security -- If you're closing in on retirement, there are a few debt problems you should deal with before making other moves.

4 hours ago

Will credit card interest rates drop after this week's Fed meeting?

4 hours ago

Best debt relief companies, plus advice borrowers need to know now

11 months 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.

7 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.

13 days ago

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

26 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.

8 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.

8 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.

14 days ago