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May inflation likely topped 4% for first time in 3 years, economists say
MoneyWatch Inflation in May likely topped 4% for the first time in 3 years, economists say .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham June 9, 2026 / 3:37 PM EDT / CBS News Add CBS News on Google...
How much interest can a $200,000 CD account earn now?
MoneyWatch: Managing Your Money How much interest can a $200,000 CD account earn now? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes...
Mortgage rates dos and don'ts that borrowers should know now
MoneyWatch: Managing Your Money Mortgage rates dos and don'ts that borrowers should know now We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He...
Jason and Kylie Kelce’s 2026 net worth reflects success beyond football
Jason Kelce is a Super Bowl-winning former Philadelphia Eagles center. And his wife Kylie Kelce is a former field hockey player. They boast a combined est. net worth of $61 million in 2026. Their wealth stems from Jason’s NFL career earnings, lucrative ESPN contract, and his popular New Heights podcast. Alongside Kylie’s media ventures and brand partnerships with Dove for instance.
Critical Social Security Fund Expected To Run Dry In 2032, New Report Says
BreakingBusinessCritical Social Security Fund Expected To Run Dry In 2032, New Report SaysByMary Whitfill Roeloffs,Forbes Staff. Mary Roeloffs is a Forbes breaking news reporter covering pop culture.Follow AuthorJun 09, 2026, 02:35pm EDTToplineA new study found the critical Social Security fund that allows the program to cover the disparity between income and beneficiary payouts is projected to run out of money in late 2032, putting the monthly income of tens of millions at risk sooner than prev...
‘Our use of H-1B sponsorships is...’: Walmart details immigration policy impact to shareholders
Walmart shareholders rejected a proposal urging a report on US immigration policy's impact on operations. The proposal cited potential workforce and supply chain risks due to policy shifts. Walmart stated it hasn't faced significant disruptions, noting its limited reliance on employment-based visas for specialized roles.
$8,000 CD vs. $8,000 high-yield savings account: Which will earn more interest in one year?
MoneyWatch: Managing Your Money $8,000 CD vs. $8,000 high-yield savings account: Which will earn more interest in one year? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Mon...
The Good That Can Come From Platner’s Candidacy
The Senate race in Maine is a chance to do away with inconsistent standards applied according to political bias.
Larry Ellison’s Net Worth Plunges $10 Billion—Falls Behind Bezos To Fifth-Richest
BreakingBusinessLarry Ellison’s Net Worth Plunges $10 Billion—Falls Behind Bezos To Fifth-RichestByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorJun 09, 2026, 01:53pm EDTToplineLarry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tech stocks.The Oracle co-founder was recently ranked the world’s second-ric...
Bank Resolution Planning: Evaluating The FDIC’s New Direction
MoneyBanking & InsuranceBank Resolution Planning: Evaluating The FDIC’s New DirectionByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorJun 09, 2026, 01:50pm EDTRethinking Resolution Readiness: Learning from Experience and Sharpening FocusgettyIn recent speeches and policy statements, Federal Deposit Insurance Corporation Chairman Travis Hill has outlined a significant shift in how the agency approaches resolution planning for large banks. The initiative, he describes as a move toward...
Magna CEO Has Requests For Automakers, Investors In Quick Pivot Market
InnovationTransportationMagna CEO Has Requests For Automakers, Investors In Quick Pivot MarketByEd Garsten,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Ed Garsten is a metro Detroit-based reporter who covers autos/mobilityFollow AuthorJun 09, 2026, 01:41pm EDTJun 09, 2026, 01:44pm EDTMagna International CEO Swami Kotagiri makes a presentation to the Automotive Press Association at the company's U.S. headquarters in Troy, Michigan, June 9, 2026.Magna In...
Quantinuum’s British Founder Becomes Billionaire After $15 Billion IPO
BETAThis is a BETA experience. opt-out hereInnovationQuantinuum’s British Founder Becomes Billionaire After $15 Billion IPOThe U.S.-U.K-based startup raised $1.68 billion in its Nasdaq debut, valuing cofounder Illyas Khan’s stake at $2.2 billion.ByIain Martin,Forbes Staff. I'm a senior editor at Forbes and cover tech and venture capital.Follow AuthorJun 09, 2026, 01:26pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.
Social Security’s retirement trust fund faces funding shortfall earlier than expected
Social Security’s retirement trust fund is projected to face a funding shortfall in 2032, a year earlier than previously expected
PM Shehbaz directs acceleration of DISCOs privatisation
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed that the privatisation of power distribution companies (DISCOs) be “accelerated”, reiterating that offloading loss-making state-owned enterprises (SOEs) was a priority for the government. In a handout, the Prime Minister’s Office (PMO) said PM Shehbaz had presided over a high-level review meeting in Islamabad earlier in the day. “The prime minister instructed officials to ensure complete...
Oil slides as US official says Hormuz transits are ‘meaningfully’ climbing
Energy secretary Chris Wright cautions that flows through the strait will take months to fully recover
Social Security Benefits Could Be Cut in 6 Years Unless Congress Acts
The trust fund for the program, which supports roughly 68 million Americans, is on schedule to be depleted in the next six years. Benefits could be cut on average by 22 percent.
Social Security funds could run short by 2032, program's Trustees warn
A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.(Image credit: Kevin Dietsch)
A bidding war is underway for the world's oldest bank
World Bidding war underway for world's oldest bank, Italy's Banca Monte dei Paschi di Siena By Anna Matranga June 9, 2026 / 12:37 PM EDT / CBS News Add CBS News on Google Rome — A bidding war is underway for the world's oldest bank, Italy's Banca Monte dei Paschi di Siena (MPS).Founded in 1472 by the Republic of Siena to provide credit to poorer citizens, the Tuscan lender has evolved over more than five centuries into one of Italy's largest banking institutions and a cornerstone of the country'...
Nasdaq sinks 3% as tech sell-off reignites
Heavy losses for AI-linked stocks overshadow gains across rest of market
Director of 'cash giveaway' program tailored to new mothers grilled on how taxpayer funding is used in debate
Michigan House Republicans are demanding a rigorous inspection of a taxpayer-funded cash assistance program for new mothers, aggressively questioning its benefits and sounding the alarm over how millions of dollars are being spent.The scrutiny boiled over during a June 2 House Oversight Committee hearing, where GOP lawmakers targeted "Rx Kids"— an initiative billed as the nation's largest city-wide cash aid program for prenatal and infant care."I think there was a belief that there was this smal...