Business

Dow posts biggest gain of the year after Democrats sweep Congress

CBS News ·

The Dow soared nearly 1,600 points, as Wall Street analysts predicted that political gridlock would limit Congress's ability to pass major tax and spending packages.

McDonald's plans to cook up new affordable menu bundles

CBS News ·

McDonald's CEO Christopher Kempczinski said the company is testing new value pairings at select U.S. locations.

Interest rates hiked to 4% in first increase in over three years

BBC News ·

Most analysts expected the increase from 3.75% to 4%.

Americans wary of AI for medical care and insurance claims

CBS News ·

Most Americans have qualms about using AI in healthcare for tasks such as diagnosis and treatment, Pew Research poll finds.

Drunk and dangerous e-bike riders face on-the-spot fines under crackdown

BBC News ·

A consultation will consider fines and other ways to clamp down on dangerous e-bike riders.

First-time homebuyers remain scarce, but a record share of them pay all cash

NPR ·

A new report finds generational wealth is widening the divide between homebuyers and those priced out. The median age of first-time buyers also remains at a record high.

What does the raise in interest rates mean?

BBC News ·

The BBC's cost of living correspondent Kevin Peachey explains what the change could mean for those saving for a holiday or to buying a house.

Faisal Islam: How high will interest rates go?

BBC News ·

The BBC's economics editor views one more interest rate as likely, but thinks that will be all.

Three ways the interest rate rise could affect you

BBC News ·

Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.

Buy a Home or Build Your Wealth? | Money Moves with Jill Schlesinger

CBS News ·

Jillionaire Dylan is 23, lives at home, works two jobs, and has managed to save $100,000. So, what should he do with it?

Welsh aviation firm AerFin bought in £475m deal

BBC News ·

The company, which was majority owned by a private equity firm, said it was beginning a "new chapter".

Rural voters were feeling left behind before the midterms, poll shows

The Guardian ·

Polling done for the Guardian shows plummeting support from a former key constituency of Donald Trump’s base Q&A: Ask your questions about Democrats’ win in the midterms Polling conducted by the Harris Poll for the Guardian before the election shows just how angry voters were…

As budgets tighten, people are breaking out their library cards

NPR ·

Some Americans squeezed by high prices are relying more on their local libraries for things like books, streaming services and high-priced items like musical instruments and sewing machines.

Does the blue wave mean lower gasoline and diesel prices soon? Don't hold your breath

NPR ·

A new Democratic majority in Congress could pressure the president to end the war in Iran. But it will be harder for them to directly affect fuel prices, which are tied to a complex international oil market.

Second buyer makes rescue bid for Poundland as retailer faces collapse

BBC News ·

A little-known investment group has made a bid to buy the business.

Tech barons cozied up to Trump. What will they do in newly blue America?

The Guardian ·

Democrats’ success was helped by popular anger over tech, AI and the super rich – life for billionaires could become much more difficult The photo of Silicon Valley centibillionaires at Donald Trump’s inauguration – Musk, Bezos and Zuckerberg, front row and side by side – now…

Pound rises to its highest level since the Brexit referendum

BBC News ·

Pound reaches highest level against a basket of currencies since the Brexit referendum a decade ago.

Midterm elections could zap the data center buildout, experts say

CBS News ·

Democratic victories in several gubernatorial races are likely to slow data center development across the U.S., according to tech analysts.

US stocks rise, dollar slides as investors digest Democrats’ midterm victories

The Guardian ·

Government bond yields fall while initial fears ease over impact of election results on world’s biggest economy US midterm elections – live updates After US midterms, what will lame-duck Trump mean for global economy?

CVS Health to split pharmacy chain from health insurance

The Guardian ·

CVS Pharmacy will be separate from CVS Health, housing major insurer Aetna and benefits manager Caremark CVS Health, the largest US healthcare conglomerate valued at $117bn, has announced its plans split off its pharmacy chain from its health insurance and benefits businesses,…

Stock market surges after Democrats' midterm wins

CBS News ·

The stock market surged Wednesday morning after Democrats were projected to take control of Congress after decisive wins in battleground states. Kelly O'Grady breaks it down.

Where in the U.S. are homeowners most at risk of extreme weather?

CBS News ·

Flooding, hurricanes and convective storms are expected to drive the most housing market losses across the U.S. in the coming years, new analysis finds.

Trump blamed Fox News for Republican losses even as network’s hosts went easy on him

The Guardian ·

Fox News pundits hardly criticized the US president in midterms coverage but Trump was still quick to cast blame US midterms 2026 live – latest updates Track live results from all 50 states Q&A: Ask your questions about Democrats’ win in the midterms In the weeks leading up to…

Graduates are managing AI - but are they learning much else?

BBC News ·

Graduates are spending more time managing AI, but are they missing out on other work experience?

Google will block search access for schools that ban AI use

CBS News ·

New York City Mayor Zohran Mamdani and other critics are accusing Google of trying to pressure U.S. schools to use AI.

US tech stocks recover after selloff spooks investors over AI spending

The Guardian ·

Midterms didn’t appear to have huge impact, though predicted wins for Democrats could mean more regulation US tech stocks made a recovery on Tuesday afternoon after a selloff spooked investors over AI spending.

JetBlue hikes baggage fees for the second time this year

CBS News ·

Airlines have raised baggage fees and ticket prices to help offset the surging cost of jet fuel this year.

How Wall Street analysts think the midterms could affect stocks

CBS News ·

Despite the political drama surrounding U.S. elections, stocks have historically risen following midterms, market data shows.

Binance customers withdraw $7.42 billion after crypto heist

CBS News ·

Binance said the net outflow from the cryptocurrency exchange represents just 3% of its total holdings.

Snap settles social media addiction lawsuit, averting trial

CBS News ·

Snap joins Alphabet, Meta and TikTok in resolving allegations that its social media platform was designed to encourage addictive behavior.