TEHRAN, Iran — Iran on Wednesday appointed a new governor to the central bank after the former one resigned following a record currency fall against the U.S. dollar…
Read more Iran appoints new central bank governor after record currency fall and mass protestsTOKYO — Major Asian stock markets, including Tokyo and Seoul, were closed Wednesday for the yearend and New Year’s holidays, while trading was mixed in those bourses that…
Read more Asian shares trade mixed with some exchanges closed ahead of the New YearSome Federal Reserve officials who supported cutting a key interest rate earlier this month could have instead backed keeping the rate unchanged, minutes released Tuesday show, underscoring the…
Read more Fed meeting minutes reveal deep splits on December rate cut decisionWASHINGTON — The standard mileage rate for the business use of a car, truck, van or other vehicle will increase by 2.5 cents in 2026. The IRS announced…
Read more IRS increases 2026 business mileage rate by 2.5 centsSilver and gold futures are falling sharply after the Chicago Mercantile Exchange, one of the world’s largest trading floors for commodities, required traders to put up more cash…
Read more Surging silver and gold slide after CME raises margin requirementsWhy beef prices are so high right now – CBS News Watch CBS News Beef prices are up 15% compared to last year, while chicken and pork prices…
Read more Why beef prices are so high right nowWASHINGTON — The average rate on a 30-year U.S. mortgage ticked down modestly this week, remaining in the same narrow range of the past two months. The average…
Read more Average US long-term mortgage rate ticks down to 6.18% this weekHONG KONG — Asian markets mostly advanced Wednesday after the benchmark S&P 500 closed at another record high following a report that the U.S. economy grew at an…
Read more Asian markets mostly advance after the S&P 500 hits record highThis holiday season, many U.S. drivers are getting the gift of lower gas prices. According to data from motor club AAA, December has been the cheapest month for…
Read more US drivers are seeing lower gas prices this holiday seasonNEW YORK — Consumers stepped up their spending, particularly on items like gadgets and clothing, for the first seven weeks of the holiday shopping period. But the pace…
Read more Visa: Sales are up 4.2% for first 7 weeks of the holiday period; pace lags last yearJohn and Theresa Anderson meandered through the sprawling Ralph Lauren clothing store on Rodeo Drive, shopping for holiday gifts. They emerged carrying boxy blue bags. John scored quarter-zip…
Read more A tale of two Ralphs — Lauren and the supermarket — shows the reality of a K-shaped economyPresident Trump delivered a prime-time address from the White House on Wednesday night, touting the administration’s actions during the first 11 months of his second term and outlining…
Read more President Trump delivers year-end address to the nation | Special ReportFederal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change U.S. interest rates for months ahead after the central bank cut borrowing costs…
Read more Fed’s Hammack Signals Holding Rates Steady for MonthsAfter nearly two months without new consumer price data, the Bureau of Labor Statistics released its latest report Thursday, providing a glimpse at energy costs, food prices and…
Read more In his national address, President Trump claimed he’s bringing prices down. Here’s what the data shows.A food shopper browses for groceries ahead of the Thanksgiving Day holiday at an Albertsons supermarket in Redmond, Washington, U.S., November 24, 2025. David Ryder | Reuters The…
Read more CNBC Daily Open: Investors might not want to take U.S. inflation numbers in November at face valueWASHINGTON — President Trump made dozens of promises when he campaigned to retake the White House last year, from boosting economic growth to banning transgender athletes from girls’ sports. But…
Read more News Analysis: Trump’s math problem: Rising prices, falling approval ratingsThe Bank of Japan raised its key policy rate to a 30-year high on Friday to help curb inflation, as widely expected, and financial markets took the move…
Read more What to know about the Bank of Japan’s interest rate hikeThe Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and providing a sign that price pressures may be easing.…
Read more CPI report shows inflation rose at a 2.7% annual pace in November, cooler than expectedFact-checking Trump’s affordability claims as Americans remain concerned about the economy in poll – CBS News Watch CBS News President Trump touted the initiatives he says are turning…
Read more Fact-checking Trump’s affordability claims as Americans remain concerned about the economy in pollLONDON — The Bank of England on Thursday cut its key interest rate for the first time in four months amid signs that the stubbornly high inflation that…
Read more The Bank of England cuts its key interest rate from 4% to 3.75%