Economy News | LeadStory

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Bank of England: What to expect from today's decision

The Bank of England will likely deliver a pre-Christmas interest-rate cut on Thursday as concerns shift away from inflation and toward the UK's struggling economy and jobs market. Bloomberg's Ven Ram reports.

Bloomberg

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How Hasbro's meeting the tariff challenge

Tariffs on imports from China have hit US toy and game companies hard, with Hasbro estimating a $60M impact on net profit in 2025. On Bloomberg Chief Future Officer, CFO/COO Gina Goetter tells Matt Miller how the company has been diversi...

Bloomberg

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Most Americans say holidays are costing more, CBS News poll finds

The holiday season is in full swing, but according to a new CBS News poll, many Americans say they're having trouble keeping up with rising prices. CBS News executive director of elections and surveys Anthony Salvanto breaks down the fin...

CBS America

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How Trump’s tariffs are enforced at the border

Across the border from Windsor, Ont., import specialists in Detroit check transport truck shipments coming into the U.S., ensuring companies have claimed tariffs correctly — otherwise they could face financial penalties.

CBC News

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Kenya: bullfighting boosts economy, social unity

In Kenya's Kakamega County, bullfighting boosts the economy and social unity.

Africanews

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What November jobs report says about state of economy

Numbers from the November jobs report released on Tuesday show the unemployment rate rose to 4.6%, its highest level in four years. CBS News business analyst Jill Schlesinger explains what to know.

CBS America

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UK inflation drop clears way for BOE rate cut

Santander Economist Victoria Clarke reacts to UK inflation data which slipped to its lowest level in eight months, a bigger than expected drop that clears the path to an interest-rate cut at the Bank of England on Thursday. She speaks on...

Bloomberg

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U.S. job growth tanks, unemployment rises ahead of holidays

The first U.S. jobs report since the government shutdown shows hiring slowed sharply in November, with unemployment rising to 4.6%, the highest since September 2021. The nation lost over 100,000 jobs in October, driven by steep federal c...

Scripps News

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Employers add 64,000 jobs in November, unemployment hits 4-year high

U.S. employers added 64,000 jobs in November, beating economists' forecasts, a new jobs report shows. But the unemployment rate in November jumped to 4.6%, the highest level since September 2021.

CBS America

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All eyes on Italy as Mercosur deal hangs in the balance

Rome is torn between protecting farmers and maintaining exports to Mercosur countries. But supporters of the Mercosur agreement fear its silence signals Italy may not be on board.

Euronews

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U.S. pauses implementation of $40 billion technology deal with Britain

The United States has paused a $40 billion technology agreement with Britain, officials said, following concerns in Washington over London's approach to digital regulation and food standards.

Reuters

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HK's red-hot IPO market closing 2025 with rush of deals

Hong Kong's IPO market, which has raised more than $34 billion this year, is in its busiest month for listings in at least four years. That's as companies rush to list their shares. Bloomberg's Dave Sebastian reports.

Bloomberg

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Port of LA celebrates 2025 performance despite trade volatility

After a rollercoaster 2025 of rapidly shifting tariff policies that threatened multiple businesses that rely on shipping, the Port of Los Angeles is on track to have its third busiest year on record. Executive director Gene Seroka joins ...

CBS America

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Trump leaning toward Warsh or Hassett for Fed Chair: WSJ

President Donald Trump said that Kevin Hassett and Kevin Warsh are his top choices to lead the U.S. Federal Reserve and that he expects the next chair of the central bank to consult with him on interest rates. He spoke in an interview wi...

Bloomberg

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What to expect from November jobs report

The November jobs report is expected to be released Tuesday. Kristin Myers, the ETF editor-in-chief for AssetTV, joins with more on what to expect.

CBS America

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EU energy ministers set to tackle price discrepancies

High energy taxes and extra charges on the final bill from energy producers are creating large discrepancies among member states fueling the case to complete energy market. EU member states look to narrow the gap.

Euronews

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Gold climbs near fresh record on fifth day of gains

Gold continued its longest winning streak since the run-up to an all-time high in October, rising for a fifth day Monday. Gold has surged about 65% this year and is on track for its best annual performance since 1979.

Bloomberg

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Qatar hosts UN anticorruption conference amid global stability crisis

The United Nations estimates that corruption costs the global economy $5 trillion annually, representing 5% of worldwide GDP. The issue is highlighted at the UN Anti-Corruption Conference in Doha, which brings together international stak...

Al Jazeera

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Morgan Stanley's Xing on China data

Chief China Economist Robin Xing explains why China must rebalance its social safety net to boost consumer spending. He speaks after China released fresh data on retail sales and home prices.

Bloomberg

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High prices hitting Christmas shoppers hard

A new poll finds roughly half of Americans say they're finding it harder than usual to afford holiday gifts this year and 40% are having to dip into their savings.

CBS America

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Iran raises gasoline prices for first time since deadly 2019 protests

Iran introduced a new pricing tier Saturday for its nationally subsidized gasoline, attempting to rein in spiraling costs for the first time since a price hike in 2019 that sparked nationwide protests and a crackdown that reportedly kill...

Africanews

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Black Sea strikes: Turkiye warns about escalations in shipping routes

Turkiye is warning an escalation in hostilities in the Black Sea is affecting shipping routes and trade. Kyiv has been carrying out strikes on Russia's so-called 'shadow fleet' of unmarked tankers, that's believed to be used as a way to ...

Al Jazeera

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Fed set up to keep cutting rates in 2026, Newedge's Dawson says

Newedge Wealth CIO Cameron Dawson says it's the ultimate "party on, Garth" type of market environment. Speaking during an interview with Matt Miller on "Bloomberg Open Interest," Dawson also says she expects the Federal Reserve to keep c...

Bloomberg

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Millions live in cold houses in Europe

The share of people in the EU who are unable to keep their homes adequately warm has increased since the energy crisis sparked by Russia's invasion of Ukraine.

Euronews

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How the end of Affordable Care Act subsidies will impact premiums

In less than three weeks, millions of Americans who rely on the Affordable Care Act for their health insurance could see their premiums skyrocket. Julie Rovner, chief Washington correspondent at KFF, joins "The Daily Report" to discuss.

CBS America

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Migration remains an opportunity for Europe: Spanish economy minister

Spanish Economy Minister Carlos Cuerpo said migration remains an economic opportunity even as the debate around it is hijacked by political forces, with false narratives about migrants amplified by social media.

Euronews

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What the Fed rate cut means for consumers

The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points. It's the third consecutive rate cut for the Fed as inflation continues to rise. CBS News MoneyWatch correspondent Kelly O'Grady explains what it ...

CBS America

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White House pressure grows as Fed cuts rates

The Federal Reserve cut interest rates as the U.S. economy slows, intensifying tensions between the White House and Fed Chair Jerome Powell.

Al Jazeera

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Sugar factory closure ripples throughout California town

More than 1 million American workers have been laid off this year -- several hundred of them in Brawley, California. Mark Strassmann traveled there to examine the ripple effects of those layoffs on the local economy.

CBS America

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What does the Fed's rate cut mean for consumers?

The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, the third rate cut this year. CBS News business analyst Jill Schlesinger has more.

CBS America