Economy News - LeadStory

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Markets react to Trump administration's newest tariff threats

The White House sent letters to warn countries about reaching trade deals before President Trump's 90-day tariff pause expires. CBS News MoneyWatch correspondent Kelly O'Grady has the latest on how markets are reacting to the newest tari...

CBS News

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Strait of Hormuz in the spotlight

The Strait of Hormuz, through which 20% of the world’s oil passes, is critical to global energy and trade. CNN explores how it could be disrupted by regional conflict, how regional players are preparing for the worst, and the potential i...

CNN

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Trump: U.S. trade deals near, but BRICs nations may get extra tariff

The United States is close to finalizing several trade pacts in the coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, though he later also flagged a new policy, saying BR...

Reuters

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White House warns higher tariffs could roll out August 1

U.S. President Donald Trump's 90-day pause on global tariffs announced in April is nearing its expiration, and the White House warned that steeper tariffs could roll out at the beginning of August.

CBS News

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How Jordan is future-proofing its economy

Jordan is securing new sources of investment to drive economic growth. CNN’s Eleni Giokos speaks to the Jordanian Minister of Investment to explore how he plans to strengthen investor confidence to shape its economic future.

CNN

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Kenya's Ruto faces growing discontent over economy, police brutality

Barely two years into his presidency and Kenya’s William Ruto is already facing calls for him to leave - summed up in the slogan ‘wantam,’ or one term. Protesters say he hasn't delivered on his promises to economically empower the workin...

Africanews

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Missouri fireworks retailer worried about tariff impact

President Trump lit the fuse on sweeping tariffs on April 2, which he called "Liberation Day." Ian Lee explains how import taxes on fireworks could affect America's 250th birthday celebration, next year.

CBS America

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Tariffs could spell trouble for fireworks shows

Fireworks, a hallmark of July 4th celebrations, are feeling the impact of President Trump's trade war with China. CBS News correspondent Ian Lee spoke to a Missouri fireworks distributor about the issue.

CBS America

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Mexicans protest Americans moving into their neighborhoods

The influx of Americans moving to Mexico is pushing housing prices up and forcing Mexicans out of some cities. CNN’s Valeria León reports.

CNN

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U.S. energy costs set to rise as solar incentives cut in new budget

A new US budget bill, recently passed, eliminates tax incentives designed to promote renewable energy, including solar initiatives. Republicans argue that the move helps cut costs, but industry experts warn it will likely lead to higher ...

Al Jazeera

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What to know about massive budget bill passed by House

With time running out, House Republicans pushed through a massive budget bill, racing to meet their self-imposed July 4 deadline. The legislation now awaits a presidential signature. Nikole Killion has more.

CBS America

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Sec. Bessent: ‘Countries should be careful’ not to delay negotiations

U.S. Treasury Secretary Scott Bessent joins 'Squawk on the Street' for a sweeping interview on President Trump's budget bill, tariff policy, and potential trade deals.

CNBC

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Insurance costs for Strait of Hormuz 'all over the place'

Tom Lister, the CEO of Global Ship Lease, discusses the impact of Trump's tariffs and the ongoing crises in the Middle East on global shipping.

CNBC

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Why the Trump tax bill could "enormously" hit low income

The Trump tax bill could "enormously" hit low income. Here's why.

Bloomberg

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Fed can't justify cutting rates right now, says Allison Schrager

Allison Schrager, of The Manhattan Institute, and Wendy Edelberg, from The Brookings Institution, joins 'Squawk Box' to discuss the latest jobs report.

CNBC

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Who will benefit from President Trump's tax bill?

CNBC's Robert Frank joins 'Squawk on the Street' to discuss how new tax cuts could be distributed across income brackets.

CNBC

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Trump admin, EU holding talks in D.C. as tariff deadline nears

The Trump administration is holding chats with representatives of the European Union to discuss trade as the tariffs deadline looms. CBS News' Ramy Inocencio reports.

CBS News

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White House reacts to June jobs report that beat expectations

The U.S. added more jobs than expected in June, but a slowing trend in hiring is also evident as new data emerges about the state of the economy. CBS MoneyWatch correspondent Kelly O'Grady reports.

CBS America

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UAE, Saudi Arabia big gainers from a weaker USD: Strategist

Vijay Valecha, Chief Investment Officer for Middle East markets at Century Financial says the UAE and Saudi Arabia would benefit the most among Gulf countries from a weakening U.S. dollar.

CNBC

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UK government 'in an absolute bind' after U-turns, panic

Max Wilson, director of public affairs at Whitehouse Communications, talks to CNBC about tumult in the U.K. government and the economic and political mess that the Labour leadership finds itself in.

CNBC

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Trump’s Big Beautiful Bill nears approval

The U.S. Congress inched towards approving President Donald Trump’s Big Beautiful Bill, despite attempts by Democrats to stop it. The bill is Trump’s signature legislation which includes massive spending increases on the military and imm...

CBC News

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House Republican divisions could threaten Trump's budget bill

House Republicans are struggling to reach a consensus on President Trump's budget bill. The legislation passed the Senate, but some Republican holdouts aren't happy with the changes made in the upper chamber.

CBS America

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Will Trump's tax cut promises lead to economic growth?

House Republicans are struggling to reach a consensus on President Trump's budget bill. The legislation passed the Senate on Tuesday, but some Republican holdouts in the House aren't happy with the changes made in the upper chamber.

CBS America

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Families brace for devastating Medicaid cuts under Trump’s budget bill

President Donald Trump's proposed tax and spending bill could have significant consequences for millions of Americans relying on Medicaid. The legislation, if approved, would cut approximately $1 trillion from the program over the next d...

Al Jazeera

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States face increasing insurance costs

CNBC's Scott Cohn joins 'Squawk on the Street' to with the latest Top States list.

CNBC

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PNC: Tariffs unlikely to cause as much consumer disruption as feared

Yung-Yu Ma, PNC Asset Management chief investment strategist, joins 'Money Movers' to discuss his market outlook and Trump's recent announcement of a trade deal with Vietnam.

CNBC

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Tax changes for high earners: Here's what to know

CNBC's Robert Frank joins 'Squawk Box' with a look at the impact of President Trump's tax and spending bill on high earners and investors.

CNBC

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U.S. Senate passes Trump’s ‘One Big Beautiful Bill’

The US Senate has narrowly passed President Donald Trump's new tax and spending measures. The bill now goes to the house of representatives for a potential final vote.

Al Jazeera

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Iranians face economic strain after conflict with Israel

The impact of the conflict with Israel is still being felt across Iran. There are fears the economy, which was halted for two weeks, will struggle to recover.

Al Jazeera

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U.S. lifts Mexico cattle ban after screw-worm scare

After a nearly two-month long ban, the US Department of Agriculture has announced the reopening of its southern border to livestock from Mexico. Imports had stopped over concerns of a flesh-eating parasite called screw-worm.

Al Jazeera