Economy News | LeadStory

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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

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Economy fuels Venezuelan calls for regime change amid U.S. threats

Venezuelans grappling with economic hardship are voicing support for regime change as the U.S. increases military presence in the Caribbean.

Al Jazeera

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The AI rush is heating up the power grid, and your costs

AI data centers are fueling a surge in power demand, straining grids, driving up electric bills, and leaving more Americans behind on payments.

Scripps News

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Trump to ease mileage rules in bid to curb rising car prices

Bloomberg News broke the story that Trump administration is poised to announce new fuel efficiency standards for cars in a bid to undo requirements it has assailed for driving up the cost of new cars.

Bloomberg

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Kenya scrambles to save key trade pact with EU suspended by court

In force since 2024, the so-called Kenya-European Union Economic Partnership Agreement (EPA) drew opposition from experts who argued that the deal was supposed to be agreed with all east African countries, and not with Kenya alone

Africanews

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Cyber Monday could break spending records despite economic uncertainty

Americans are set to spend billion of dollars on Cyber Monday deals.

Scripps News

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Portland coffee roasters and cafés still struggling after tariffs lifted

In Portland, Oregon, the lingering effects of coffee tariffs are impacting small businesses. Mark Strassmann reports.

CBS America

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These are the only EU countries where poverty rates have increased

General poverty levels have been falling across the bloc, but not everywhere.

Euronews

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Fear grips copper market, leading prices to record high

Copper advanced to a record high on the London Metal Exchange on fears the global market is heading for a supply crunch. The sharp moves higher came after a major industry conference in Shanghai last week that highlighted signs of supply...

Bloomberg

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Australia expands grain-fed beef exports as U.S. production falters

The rise of feedlots is helping Australia supply beef more consistently for export and take market share from U.S. exporters in Asian countries that prefer grain-fed meat. The growth coincides with a contraction in the United States wher...

Reuters

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Oil rises after OPEC+ pause and Trump’s Venezuela remarks

Oil rose after OPEC+ confirmed it will stick with plans to pause production hikes during the first quarter, while traders weighed the fallout from President Donald Trump's rhetoric around Venezuela.

Bloomberg

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Deadline approaching for clean energy tax credits

Time is running out for Americans looking to cash in on clean energy tax credits. The incentives, like those for solar panels, are going away by the end of the year. Nikole Killion reports.

CBS America