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The article briefly reports that the Federal Reserve is expected to raise interest rates for the first time in three years. It notes that a CBS News business contributor will explain more, but provides little substantive detail.
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Frasers Group has increased its stake in Hugo Boss to nearly 50% and made Frasers CEO Michael Murray, son-in-law of Mike Ashley, chairman after Stephan Sturm stepped down. Hugo Boss rejected Frasers' roughly £1.7bn takeover offer as inadequate, while Frasers continues expanding into luxury retail.
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WH Smith shares fell to a 17-year low after the retailer trimmed profit guidance amid rising costs, promotions, and travel-sector disruption. The company expects pre-tax profit at the bottom of its guidance, with weakness in the US and resorts offsetting growth in airport, hospital, and rail station shops.
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Stocks remained lower on Tuesday as investors awaited the Federal Reserve's interest rate decision. A contributor previewed the upcoming meeting.
New York PostSig. 8NewsEconomyEnergyStocks
The 10-year Treasury yield reached 5.041%, its highest since 2007, as oil jumped above $105 and stocks fell ahead of an expected Fed rate hike. Rising diesel and gasoline prices tied to the Iran war are fueling inflation concerns, while major banks now predict a rate increase.
CBS NewsSig. 8NewsEconomyEnergyStocks
The Federal Reserve is expected to raise its benchmark interest rate on Sept. 16 for the first time since 2023 to fight inflation, with possible further hikes. The article explains what the move could mean for borrowers, savers, and investors amid elevated energy prices tied to the Iran war.
New York PostSig. 5NewsEconomyStocks
Wells Fargo CFO Mike Santomassimo said at an investor conference that 2026 loan growth should exceed prior forecasts, with healthy spending and credit trends in the US. He maintained full-year net interest income and expense forecasts and said investment banking fees and trading revenue should grow by mid-single digits. Bank shares initially rose 3% before falling into negative territory.
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Calls by AI leaders for a slowdown in AI development sparked a global selloff in tech stocks on Monday. A market analyst joins a segment to discuss the investor reaction.
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Stocks began the week lower amid high gas prices and fresh warnings from tech leaders about artificial intelligence. A markets correspondent joins to provide analysis.
New York PostSig. 7NewsEconomyEnergyStocks
The 10-year Treasury yield briefly topped 5% for the first time since 2023, driven by record diesel prices and a bond sell-off amid Middle East conflict and inflation fears. The move threatens higher mortgage and auto loan rates and adds pressure to housing and stock markets. The Fed is expected to raise rates, but analysts warn that cannot resolve energy-driven inflation.
New York PostSig. 6NewsEconomyStocks
Mall values have jumped 13% over the past year, outpacing other commercial real estate sectors, driven by consumer spending, entertainment tenants, and luxury retail. The article profiles top malls and investor moves by Simon Property Group and Unibail-Rodamco-Westfield, while including skeptical caution about the durability of the retail experience.
CBS NewsSig. 6NewsAIEconomyStocks
The article examines warnings from some economists that the AI stock boom resembles a bubble and could correct, while other economists caution that bubble calls are premature and AI may still deliver strong profits. It balances forecasts of a potential S&P 500 correction with skepticism about predicting bubbles.