Economy News | LeadStory

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U.S. Federal Reserve: Central bank under pressure over interest rates

U.S. central bank weighs rate decisions under political pressure—Economists warn cutting rates could fuel inflation.

Al Jazeera

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More than 75% of homes on the market are unaffordable, study finds

Homeownership feels increasingly out of reach for many American families. A new study found that more than 75% of homes across the U.S. are unaffordable for the average household.

CBS News

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Federal Reserve expected to make third straight interest rate cut

It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why.

CBS America

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Tanger CEO sees retail rebound

U.S. consumer sentiment just snapped a five-month slump, ticking higher right as holiday shopping kicks into overdrive. Tanger outlets are riding the wave, with shares rebounding into year-end and Black Friday crowds lining up out the do...

Bloomberg

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U.S. job openings pick up to highest level in five months

The number of available positions rose slightly to 7.67 million in October from 7.66 million in the prior month, according to Bureau of Labor Statistics data. The median estimate in a Bloomberg survey of economists called for 7.12 millio...

Bloomberg

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Citi's Chronert expects 'fundamental broadening' in markets

Scott Chronert, Citi U.S. equity strategist and managing director, sees a "broadening theme" in markets in addition to the AI tailwinds in tech going into 2026 on "Bloomberg Open Interest."

Bloomberg

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Trump gives Nvidia green light to sell H200 chips to China

The U.S. government said the approval, which comes in exchange for a 25% surcharge, would also be available to other chipmakers like Intel and AMD.

Euronews

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Plunging temperatures impact heat costs for families

A blast of winter weather left parts of the South and Midwest blanketed with a fresh coat of snow Monday. Meanwhile, more arctic air is making temperatures feel colder than normal from Minnesota to Maine.

CBS America

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Trump unveils $12 billion aid package for farmers hit by trade war

U.S. President Donald Trump on Monday (December 8) unveiled a $12 billion aid package for American farmers, the latest government effort to shore up a key political constituency hurt by the financial fallout from his trade policies.

Reuters

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Unity in a fragmented world: dialogue, trade and climate at Astana Forum

Titled “Connecting Minds, Shaping the Future,” the Astana International Forum (AIF) gathered over 160 international speakers and around 7,000 participants.

Euronews

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EU–Central Asia cooperation expands as Síkela visit seals major deals

European Commissioner Jozef Síkela has concluded a visit to Central Asia, securing major agreements aimed at strengthening cooperation under the EU’s Global Gateway investment strategy. The deals focus on connectivity, energy, and sustai...

Euronews

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How the rise of GLP-1 drugs is shifting consumer habits

The rise in the use of GLP-1 weight-loss drugs across the U.S. is shifting not only scales, but also how Americans are spending their time and money.

CBS America

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JPMorgan CEO Dimon says Europe has a 'real problem'

JPMorgan Chase Chief Executive Officer Jamie Dimon spoke at the Reagan National Defense Forum, calling out slow bureaucracy in Europe in a warning that a "weak" continent poses a major economic risk to the US.

Bloomberg

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Trump announces $12 billion aid package for farmers

President Trump has unveiled a new $12 billion aid package for farmers hurt by low crop prices and the administration's tariffs. CBS News White House reporter Olivia Rinaldi has more.

CBS America

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White House tries to tackle affordability crisis

The White House is set to announce strategies to battle the affordability crisis as President Trump slams claims about high prices. CBS News' Aaron Navarro reports.

CBS America

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Turkey's Gaziantep rebounds after Syria war and earthquake

Turkey sees major economic opportunities in postwar Syria, with the border city of Gaziantep poised to benefit most. The end of the Syrian war and eased sanctions could revive trade routes and spark a reconstruction boom.

DW News

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Copper demand to outstrip supply: BloombergNEF

Kwasi Ampofo, analyst at BloombergNEF, says demand for copper is going to rise to about 50 million tonnes from 30 million tonnes in the next 25 years, and that miners will struggle to supply the market.

Bloomberg

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Americans face tough decisions with holiday spending in full swing

Economists say holiday spending is growing over last year, but at a slower pace. Americans are facing higher prices without seeing more in their paychecks and that's leading to tough decisions at the register.

CBS America

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Sri Lanka cyclone: Food prices skyrocket after crop, livestock losses

Sri Lanka has asked the International Monetary Fund for an additional 200 million dollars, to help rebuild after Cyclone Ditwah. The country suffered a level of death and destruction not seen since the 2004 Tsunami, and it's still assess...

Al Jazeera

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Palestinians hope Christmas season will boost their economy

Bethlehem will light up its Christmas tree for the first time in two years on Saturday. The city’s economy is in deep crisis due to Israel’s repeated assaults over the past two years.

Al Jazeera

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Mexico City’s World Cup stadium water divide

Mexico City’s legendary Azteca Stadium has its own well, but the people living around it can go days without water. For The National, CBC’s Jorge Barrera talks to people in Santa Úrsula Coapa who fear the 2026 World Cup will put even mor...

CBC News

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Chinese exports to Africa soar despite tariff wars

Chinese customs data shows that $122 billion worth of goods were exported to Africa in the first eight months of 2025, with projections that the figure could reach $200 billion.

Africanews

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Business leaders warn abandoning CUSMA could be ‘economic catastrophe’

On the second day of high-stakes consultation hearings in Washington, several U.S. business leaders spoke in defense of CUSMA as President Donald Trump threatens to exit the trade deal early.

CBC News

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Boosted by 'Dubai chocolate' craze, Argentina bets on pistachios

In Argentina’s rapidly growing pistachio heartland, rows of trees bearing the ripening yellow fruit dot the dry landscape, a sign of how this agricultural region is striving to capitalize on its favorable climate to cash in on worldwide ...

Reuters

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Climate change costing U.S. households up to $900 per year

AccuWeather Vice President of Forecast Operations Dan DePodwin and AccuWeather Climate Expert Brett Anderson discuss the top headlines related to climate change in the December 5 edition of Climate In The News.

AccuWeather

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High bride price discourages Zambian youth from marriage

In Zambia, bride price — known locally as lobola or nsalamu—can range from $1,000 to $5,000, often influenced by the bride’s level of education. Many young men say these costs are pushing them away from marriage. Could regulating bride p...

DW News

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Ukraine refugees help Poland's economy thrive

Poland's economy is experiencing an upswing due to growing domestic demand, low unemployment, and a transparent tax system that is attracting foreign capital and labor — also from neighboring Ukraine.

DW News

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Gas prices dropping, expected to get cheaper in 2026

New data shows gas prices have dropped to the lowest level since 2021. CBS MoneyWatch correspondent Kelly O'Grady reports.

CBS America

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Angola: Agriculture and beekeeping give refugees hope

In Angola, food aid for thousands of refugees from the Democratic Republic of Congo has been cut in half. As donors retreated, the UN has launched farming and beekeeping projects to build sustainable food sources.

DW News

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Australian miner rally set to extend in 2026

Australia's mining sector could see more gains next year as trade risks ease and China's economy picks up. That could spur a more durable rotation into the sector, which is closely tied to the global economic outlook.

Bloomberg