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How the war with Iran is affecting your wallet
When it comes to increased costs, the conflict with Iran appears to be affecting many aspects of American life, from transportation to food production. CBS News senior business and tech correspondent Jo Ling Kent reports.
How many days Australians need to work just to pay their tax bill
How many days Australians need to work just to pay their tax billGovernment tax take rises $120billion in three yearsREAD MORE: NSW considers stockpiling fuel reservesBy NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 23:18, 16 April 2026 | Updated: 23:18, 16 April 2026 e-mail View comments
Netflix Misses Estimate, Stocks Hold Record Highs | The Close 4/16/2026
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Barings’ David Mihalick, PNC Financial Services CEO Bill Demchak, Ariel Investments’ John Rogers, Gabelli Funds’ John Belton, Seaport Research Partners’ David Joyce, Gerber Kawasaki’s Ross Gerber, AlixPartners’ Jeff Goldstein, MNTN CEO Mark Douglas, & EDO President & CEO Kevin Krim. (Source: Bloomberg)
Oil, gas tanker traffic explodes at Panama canal as global energy routes shift amid Mideast war
A surge of oil tankers and liquefied natural gas (LNG) carriers is crowding the Panama Canal, as shifting global energy routes driven by conflict in the Middle East push the strategic waterway to near-maximum capacity. Videos circulating online this week show long lines of vessels waiting to transit the canal after loading crude oil and gas shipments from US Gulf Coast ports, underscoring a sharp rise in traffic bound for Asia.Strong demandCanal authorities say daily transits have climbed to bet...
This is the fastest-growing job for young workers, LinkedIn says
MoneyWatch This is the fastest-growing job for young workers, LinkedIn says .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 Updated on: April 16, 2026 / 5:47 PM EDT / CBS News Add CBS News on Google...
Spirit Airlines 'may liquidate in days' – it operates hundreds of flights daily
Spirit Airlines 'may liquidate in days' – it operates hundreds of flights dailyAmerican low-cost carrier Spirit Airlines could liquidate as early as this week, according to several US outlets, as the fuel crisis sparked by the Iran war rages onCommentsNewsEliana Nunes News Reporter22:38, 16 Apr 2026Updated 22:45, 16 Apr 2026View 3 ImagesSpirit Airlines could liquidate as early as this week, according to reports (stock)(Image: AP)A major airline could liquidate as early as this week, ac...
Morocco Launches New 25% Increase in Fuel Support for Transport Professionals
Rabat — The Moroccan government has announced a new round of financial support for road transport professionals, increasing the value of the subsidy by 25 percent amid continued pressure from rising fuel prices. According to a statement from the Ministry of Transport and Logistics, the decision comes in response to ongoing market conditions marked by elevated fuel costs, with the new support package designed to ease the burden on transport operators and maintain stability in logistics and servic...
Netflix Earnings Forecast Misses, Reed Hastings Steps Down
Netflix gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading. The streaming pioneer also announced that chairman and co-founder Reed Hastings is stepping down from the board after 29 years to pursue philanthropy and personal interests. (Source: Bloomberg)
Netflix Co-CEOs Ted Sarandos, Greg Peters See Pay Packages Drop in 2025
Netflix co-CEOs Ted Sarandos and Greg Peters saw their compensation come in just above $53 million in 2025, which actually marked a decrease in the chiefs’ pay packages from 2024. The streamer announced the CEOs’ pay in an SEC filing Thursday, which came out just as the Netflix execs were fielding analyst questions about their […]
LIV Golf stream goes down mid-tournament amid rumored financial trouble
Technical difficulties took down LIV Golf’s stream of its Mexico City tournament moments after it went live on Thursday.LIV’s sixth tournament of the 2026 season began on YouTube and the Fox Sports app at 3:15 p.m. ET. About five minutes later, an error message appeared telling viewers to “please standby.” The stream remains unavailable as of 5 p.m. ET.Advertisement
The Syrian Pound Emerges Among the World’s Worst-Performing Currencies
The Syrian Pound has now surpassed the Egyptian Pound as one of the world’s weakest currencies against the US Dollar. Even as the dollar retreats globally from the initial shock of the U.S.–Israeli confrontation with Iran, the SYP continues its steep descent with no sign of stabilization. By Wednesday, the dollar traded in Damascus at roughly 13,600 (old) SYP. On February 28, at the outset of regional hostilities, the rate stood at 11,750. The currency has therefore lost 15.74 percent of its val...
Iran War Pushes Asia to Think Twice Before Doubling Down on LNG
A record wave of new liquefied natural gas supply was meant to usher in a prolonged period of lower prices. Governments from India to Southeast Asia crafted energy strategies that would allow them to use the surplus to move away from a heavy reliance on coal.
Treasury’s Cash Pile Jumps Most Since September on Tax Day
Tax‑day inflows jolted the US Treasury’s cash balance on Wednesday, lifting it by the most since September, a shift that briefly pulled liquidity out of the financial system even as pressures remained contained.
Jet fuel shortage: Why Iran war could disrupt flights in Europe within weeks
Jet fuel shortage Why Iran war could disrupt flights in Europe within weeks
Netflix Just Keeps Printing Money, Gerber Says
Ross Gerber, Gerber Kawasaki Wealth and Investment Management co-founder, president and CEO, says Netflix is in a phenomenal position and just keeps printing money. Netflix reported earnings that topped analyst estimates, but its forecast fell short. Gerber speaks on "Bloomberg The Close." (Source: Bloomberg)
More than $5 trillion in US taxes. Who gets it?
From war spending to healthcare cuts, US budget choices have real impacts. So who is the system really working for?
How could the Iran war affect fizzy drinks in the UK?
The BBC's Emma Simpson explains why fizzy drinks, salad and meat could be affected by the Gulf conflict.
Burger chain collapses into administration after being forced to close all but three branches
Burger chain collapses into administration after being forced to close all but three branchesBy ROBERT FOLKER, NEWS REPORTER Published: 21:25, 16 April 2026 | Updated: 21:30, 16 April 2026 e-mail View comments
PNC CEO on US Consumers, Private Credit and Real Estate
PNC Financial Services Group CEO Bill Demchak says he hasn't seen a slowdown in US consumer spending yet. Speaking on "Bloomberg The Close," Demchak also comments on the recent concerns about private credit, the state of commercial real estate and PNC's growth strategy. (Source: Bloomberg)
Finance Minister confirms launch of Pakistan’s Global Medium-Term Note program
BusinessPakistanFinance Minister confirms launch of Pakistan’s Global Medium-Term Note programBy Web Desk-Apr 17, 2026The Finance Minister of Pakistan, Senator Muhammad Aurangzeb, has confirmed the launch of the country’s Global Medium-Term Note (GMTN) program, noting that requests for proposals (RFPs) for lead managers are being issued across three segments: Eurobonds, Islamic Sukuk, and a first-ever dollar-settled, rupee-linked bond. Speaking at the Citi Macro Forum, attended by institutional...