Economy

Exclusive discounts from CBS Mornings Deals

CBS Mornings Deals shows viewers products that can improve daily life. The segment offers exclusive discounts on those items. People can go to cbsdeals.com to get the deals. CBS receives a commission when purchases are made through the site.

College funds, retirement planning, and more: Jill Schlesinger answers your financial questions

CBS News business analyst Jill Schlesinger answered readers' financial questions. She gave tips on saving for college and planning for retirement. She also discussed smart investing options.

These boots are the safest for US wildland firefighters. Fewer and fewer can afford them

Handmade leather boots are considered the safest shoes for US wildland firefighters. Hotshot firefighters are elite crews that fight fires on foot. These boots can cost as much as $800 each. Many firefighters now find it hard to pay that price.

Instead of selling his luxury boat company for millions, he invested in his employees

Eddie Smith owns Grady-White Boats, a luxury boat maker. He could have sold the company for hundreds of millions of dollars. Instead, he transferred ownership to a charitable trust that benefits his employees. This move keeps the company independent and rewards workers.

Does homeowners insurance cover HVAC replacement? This is what's actually included.

A long heat wave has made many air conditioners work harder than usual. Some homeowners find their old HVAC systems break down and need to be replaced. Replacing an HVAC system can cost several thousand dollars. Homeowners are asking whether their insurance will pay for the replacement.

Fed leaves interest rate unchanged, but could a hike come later this year?

The Federal Reserve kept its benchmark interest rate steady at 3.5% to 3.75% on Wednesday. Nine officials voted to hold rates, while three voted to raise them by a quarter point. The decision reflects ongoing inflation worries and higher energy prices linked to Iran tensions.

First Thing: US government borrowing costs hit new high as strikes on Iran resume

The US Federal Reserve kept its main interest rate unchanged at between 3.5% and 3.75%. Three Fed officials wanted a rate increase, but the majority voted to hold rates steady. After the decision, the cost for the US government to borrow money rose to its highest level since 2007. Inflation remains above the Fed’s 2% goal, and officials say they will keep fighting rising prices.

Americans are down on the economy and concerned about costs: Polls

Americans are down on the economy and concerned about costs: Polls

What type of insurance you need to protect your home if a natural disaster strikes

The cost of damage from natural disasters in the U.S. was $115 billion last year. This is a lot of money. You need insurance to protect your home from natural disasters like floods and earthquakes.

Jasmine Amy Rogers' Brief But Spectacular take on growing up a theater kid

Jasmine Amy Rogers is a young actress. She got a Tony nomination for her first play on Broadway. This play was called 'Boop! The Musical'.

Why a high-yield savings account makes sense after the Fed rate pause

Why a high-yield savings account makes sense after the Fed rate pause

School supplies really do cost more this year. Here's how much, from lunchboxes to pencils

This year, the price of many school supplies, such as lunchboxes and pencils, is higher than last year. Families buying items for the new school year are seeing these increases. The rise comes while overall living costs are already putting pressure on American households. Experts say the higher prices are due to inflation and supply chain issues.

35+ best college-exclusive deals, sales and memberships from stores you actually want to shop

{"NBC News shares a list of more than 35 deals just for college students.","The deals are from stores such as Target, Walmart and Amazon.","They cover school supplies, dorm decorations and technology items.","Only people who are in college can use these offers."}

Can debt collectors add more fees after buying your debt?

{"When a company buys your debt, it becomes the new creditor.","It can try to collect the money you originally owed.","Usually, it cannot add extra charges unless your original contract or state law allows it.","If it does add fees, you have the right to dispute them."}

The Cities That Said Yes to Drugs

Goldman traders are on pace for a record year. A close-up look at how they're doing it

Goldman Sachs traders are on track to have their best year ever. A Goldman executive told CNBC what is pushing stock prices up. He also shared his view on where the markets might go next. He said the bank’s equities desk is a big part of its growth.

FACTBOX-Bank of England sets out economic scenarios in July meeting

The Bank of England kept its main interest rate at 3.75% on Thursday. Six members voted to hold rates while three voted for a rise to 4%. The Bank also shared its economic outlook, saying inflation may peak at 3.2% in late 2026 before falling below target. It expects the UK economy to grow around 1.1% a year in 2026‑2027 and a bit faster later.

Sick of A.I.-Generated Content? The ‘Slop Janitor’ Is Here to Help.

A new A.I. detection tool is being used to find A.I.-generated content. This tool is called Pangram. It can identify A.I.-generated writing and images with high accuracy.

America's retirement nightmare has arrived

{"Many older Americans cannot afford to retire.","Economic insecurity and the rise of artificial intelligence are changing the job market.","The traditional idea of a peaceful retirement is disappearing.","As a result, some seniors may have to keep working for the rest of their lives."}

FTC and States Act Against Hims & Hers for Deceptive and Unlawful Privacy Practices

The Federal Trade Commission (FTC) and some states sued a company called Hims & Hers. They accused Hims & Hers of sharing people's health information with companies like Meta and Snap. This happened despite Hims & Hers promising to keep people's health information private.

Zhongji Innolight raises $6.81 billion in Asia’s second-largest listing of 2026

Zhongji Innolight raises $6.81 billion in Asia’s second-largest listing of 2026

Canadian tourism slumped in the U.S. last year amid heightened tensions

Canadian tourism slumped in the U.S. last year amid heightened tensions

Americans' confidence in U.S. economy falls again as Iran conflict sends gas prices higher

Americans' confidence in U.S. economy falls again as Iran conflict sends gas prices higher

Americans are living longer than our retirement system can handle — and many of us are unprepared

Americans are living longer than our retirement system can handle — and many of us are unprepared

I’m managing a former colleague who just can’t keep up with her workload. How do I handle this without being a jerk?

I’m managing a former colleague who just can’t keep up with her workload. How do I handle this without being a jerk?

David Ellison's Paramount agreeing to delay its WBD deal is actually a big flex

David Ellison's Paramount agreeing to delay its WBD deal is actually a big flex

Kevin Warsh’s mission: reviving the era of monetary restraint

{"Kevin Warsh, a former Federal Reserve governor, says he wants to bring back a period of tight monetary policy.","Tight monetary policy means higher interest rates and less money in the economy.","He argues this would help control inflation.","However, it is unclear if he will actually push for these changes."}

Looking for a second home? Sellers in these markets could be ready to make a deal.

If you're looking for a second home, you might find a good price in some areas. Sellers in the South and Midwest might be willing to make a deal. This could be good news for people who want to buy a second home.

The big focus now is on the potential for a September rate hike after the Fed stands pat

The big focus now is on the potential for a September rate hike after the Fed stands pat

Hims and Hers shares fall 10% as FTC sues company over data, billing practices

The Federal Trade Commission (FTC) sued Hims & Hers, a telehealth company. The FTC says the company shared users' health data with Meta and Snap without proper permission. It also says the company made it hard for customers to cancel subscriptions and used unfair billing. Because of the lawsuit, the company's stock price dropped about 10 percent.

Novartis chart may soon 'complete a well-defined bullish reversal,' Cappelleri says

Novartis, a Swiss company that makes medicines, may see its stock price go up. This is because the company recently reported good earnings. The earnings were good because the company's stock price has stayed near its recent highs.

Amazon overhauls its AI strategy, winding down most flagship models

Amazon overhauls its AI strategy, winding down most flagship models

Berkshire Hathaway shares hit eight-month high

Berkshire Hathaway's stock price rose to its highest level in eight months. The increase happened this week as investors reacted positively. Analysts say the stock could keep rising if it catches up with the broader S&P 500 index.

Robinhood puts up record revenue as volatility drives a trading bonanza

Robinhood puts up record revenue as volatility drives a trading bonanza

Here are the five big takeaways from this week's Fed meeting

Here are the five big takeaways from this week's Fed meeting

Carvana stock falls 15% as auto retailer's 2026 earnings guidance misses Wall Street's expectations

Carvana is a company that sells cars. Its stock price fell 15% because the company's earnings guidance for 2026 was not good enough for investors. Carvana expects to earn between $2.7 billion and $3 billion this year.

Here's what changed in the second Fed statement under Warsh

Here's what changed in the second Fed statement under Warsh

Why AI makes central banking tougher

The Bank for International Settlements in Switzerland studied how AI affects the economy. They found that AI is making it harder for central bankers to set policy. This is because AI is changing the usual indicators that central bankers use to make decisions.

A key cryptocurrency bill could flop because of Trump’s crypto ventures and banks’ objections

A bill about cryptocurrency is having trouble in the US Senate. This bill, called The Clarity Act, helped the price of bitcoin go up in May. Now, it's facing problems.