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Minutes Show Fed Officials See Differing Risks From Iran War
Minutes of the Federal Open Market Committee’s March 17-18 meeting show most Fed officials worried the war could hurt the labor market and warrant lower interest rates. At the same time, many policymakers highlighted the risk to inflation that might ultimately warrant rate increases. Mike McKee reports. (Source: Bloomberg)
How much does a HELOC cost monthly at today's rates?
MoneyWatch: Managing Your Money How much does a HELOC cost monthly at today's rates? 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 a...
Fed Minutes Show Officials See Dual-Sided Risks From Iran War
Federal Reserve officials wrestled with starkly differing scenarios for the US economy following the outbreak of the Iran war, including one that called for interest-rate cuts and another that would require raising rates.
Graphic: Track U.S. and state gas prices
Data GraphicsGraphic: Track U.S. and state gas pricesNational gas prices hit an average of $4 per gallon in March, the highest since 2022.Listen to this article with a free account00:0000:00A person pumps gas at Penn Jersey Mart gas station in Millersburg, Pa., in March. Gas prices in Pennsylvania are among the most expensive in the country.Hannah Beier for NBC NewsShareAdd NBC News to GoogleApril 8, 2026, 1:52 PM EDT / Updated April 18, 2026, 8:34 AM EDTBy Joe Murphy, Jiachuan Wu and Melinda Ya...
Flight Training Firm CAE Cuts Jobs Ahead of May Business Update
IndustriesTransportationFlight Training Firm CAE Cuts Jobs Ahead of May Business UpdateFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Mathieu DionApril 8, 2026 at 5:45 PM UTCBookmarkSaveCanadian flight simulator firm CAE Inc. is cutting 2% of its global workforce as part of a restructuring put forward...
Iran warning adds to shipping uncertainty
Ships still cautious about using Strait of Hormuz as Iran issues warning1 hour agoShareSaveAdd as preferred on GoogleTom Edgington, Joshua Cheetham and Kayleen DevlinBBC VerifyGetty ImagesThe Strait of Hormuz has become a focal point of the US-Israel war with Iran after Tehran effectively choked off one of the world's most important shipping lanes, carrying about a fifth of the world's oil and liquefied natural gas.A two-week ceasefire was agreed on Tuesday evening on the condition tha...
Will shipping in the strait of Hormuz – and oil prices – return to normal?
Analysts say doubts over stability of the ceasefire and damage to production sites mean the energy crisis is far from overMiddle East crisis – live updatesIf the US-Israeli ceasefire with Iran holds, it could offer the clearest hope of an end to the energy crisis since Iran’s Revolutionary Guards assumed control of the strait of Hormuz after the conflict began 40 days ago.But analysts fear that for hundreds of tankers stranded in the Gulf, any detente between the White House and Tehran will not...
Can a debt collector garnish your bank account and paycheck at the same time?
MoneyWatch: Managing Your Money Can a debt collector garnish your bank account and paycheck at the same time? 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 Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, w...
Delta CEO braces flyers for higher fares amid surge in oil prices tied to Iran war
Airline projected a $2bn increase in fuel costs this quarter amid volatility in oil markets sparked by the warThe CEO of Delta Air Lines, Ed Bastian, braced customers for higher fares following the surge in oil prices sparked by the US-Israel war on Iran, amid strong demand from passengers.Though rising oil prices have cost the company an extra $330m in fuel expenses, and it projected a $2bn increase in fuel costs in the current quarter, Delta forecast that revenue would grow 10% as flyers conti...
Moroccan-Born Trader Hamza Lemssouguer Builds $20 Billion Hedge Fund in London
Casablanca – In 2020, Hamza Lemssouguer had the kind of offer most traders spend a lifetime chasing. Ken Griffin wanted him to run several billion dollars inside Citadel. He said no. Six years later, that decision has turned into one of the sharpest rise stories in London finance. According to a Wall Street Journal (WSJ) report published this week, the Moroccan-born trader now oversees $20 billion at Arini Capital, the credit hedge fund he launched in 2022 with $1.3 billion. The paper describes...
Timeline: Investigating the Long Island serial killings
48 Hours Long Island serial killings: A timeline of the investigation .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-48-hours.jpg'); } By Morgan Canty, Shaheen Tokhi Updated on: April 8, 2026 / 11:43 AM EDT / CBS News Add CBS News on Google What began as a search for one missing woman led to multiple bodies and the capture of a man police say is a serial killer. May 1, 2010: Shannan Gilbert disappearsShannan Gilbert, 23, was working as an escort. In the ear...
Provinces urged to lead SME financing efforts
The Small and Medium Enterprises Development Authority (SMEDA), on advice of the Special Assistant to PM Haroon Akhtar Khan, convened a series of five meetings with regional stakeholders, including banks and industries departments of Sindh, Balochistan, Khyber-Pakhtunkhwa, AJK and Gilgit-Baltistan (G-B) for equitable promotion of the SME financing across Pakistan. Nadia Jahangir Seth, Chief Executive Officer of SMEDA, convened the meetings today in collaboration with the State Bank of Pakis...
Pakistan must turn diplomacy into economic success
When Pakistan's Prime Minister Shehbaz Sharif posted a carefully worded appeal on X in the early hours of Wednesday, requesting President Trump to extend his deadline by two weeks and simultaneously urging Iran to open the Strait of Hormuz as a gesture of goodwill, few expected that within hours the world would be exhaling its first collective breath of relief in over five weeks. But that is precisely what happened. Trump agreed to suspend aggressive attacks on Iran for two weeks, foll...
War impact looms as remittances dip 5% YoY
Pakistan's workers' remittances posted a year-on-year decline in March 2026, reflecting emerging external risks even as overall inflows remain strong, with analysts warning that escalating geopolitical tensions in the Middle East could weigh on future trends. According to the latest data released by the State Bank of Pakistan (SBP), remittances stood at $3.83 billion in March, down about 5% compared with $4.05 billion in the same month last year, although inflows increased 17% on a...
Govt seeks $1b ADB climate loan
The government has decided to take a $1 billion budget support loan for making policies to deal with climate disaster but deferred approval of a $40 million project due to exorbitant rates quoted for buying furniture and laptops by using a foreign loan. The Central Development Working Party (CDWP) approved the concept clearance proposal for taking the $1 billion loan from the Asian Development Bank (ADB) under the second tranche of the Climate Disaster Resilience Enhancement Programme (CDR...
Mills demand sugar export
The Pakistan Sugar Mills Association (PSMA) has appealed to the government to immediately export the surplus sugar produced during the current crushing season 2025-26 in order to boost the country's foreign exchange reserves. A spokesperson for the association stated that as of November 15, 2025, the carry-forward stock from the previous season stood at 271,704 metric tons, comprising 117,541 metric tons of local sugar and 154,163 metric tons of imported sugar. According to data from...
Al Filahi Cash Partners with Moroccan Pharmacists to Boost Digital Payments
Agadir – Al Filahi Cash, a subsidiary of Crédit Agricole du Maroc, has signed a partnership agreement with the Confederation of Pharmacists’ Unions of Morocco (CSPM), aiming to modernize payment systems across the country. “Proud to announce the signing of a strategic partnership with the Confederation of Pharmacists’ Unions of Morocco (CSPM) to deploy TPEs adapted to pharmacies,” announced the general director manager El Ansari Fahd. The agreement focuses on equipping pharmac...
Scottish Labour pledges £30m to top up artists’ income to a living wage
Anas Sarwar says scheme would be part of overhaul of arts funding in ScotlandLabour has pledged to spend £30m on giving Scottish artists and musicians a living wage, mirroring a similar scheme in Ireland guaranteeing artists a basic income.Anas Sarwar, the Scottish Labour leader, said the scheme would be part of a deeper shake-up of cultural funding in Scotland by integrating arts and culture into the Scottish government’s economic strategies if his party won power in next month’s Holyrood elect...
Last-minute tips if you haven't filed your taxes yet
CBS News business analyst Jill Schlesinger gives last-minute tax tips for anyone who hasn't filed yet. Most Americans have until April 15 to file their tax return, request an extension to file and pay any taxes owed. (Sponsored by Edward Jones)
Nigerian Dual-Listed Stocks Rally on Frontier Index Return
Nigerian stocks with overseas listings outperformed Wednesday after index provider FTSE Russell said it would allow the country’s equities to return to its frontier-markets benchmark later this year.