Economy News | LeadStory

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Switzerland wins U.S. tariff rate cut, pledges large investments

The United States and Switzerland announced a framework trade agreement on Friday that includes Washington slashing its tariffs on imported Swiss products to 15% from 39% and a pledge by Swiss companies to invest $200 billion in the U.S....

Reuters

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The hangover from the government shutdown just hit Wall Street

A lack of economic data muddied the waters for investors this week, and analysts preparing their outlooks for 2026 are doing so without key economic information due to the government shutdown.

Scripps News

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Canadian travel slump could cost U.S. economy millions

Travel from Canada dropped by double digits last month, continuing a near-yearlong decline fueled by trade disputes.

Scripps News

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Ghana growth prospects strengthen amid increasing investor confidence

Ghana has emerged from its worst economic crisis in a generation and is positioned for sustained growth, Finance Minister Cassiel Ato Forson announced Thursday, declaring the nation "back, strong, credible, and open for business" during ...

Africanews

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Trump administration says it has trade frameworks with Argentina

The Trump administration said Thursday that it had reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala.

France 24

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China's factory output, retail sales growth worst in over a year

China's factory output and retail sales grew at their weakest pace in over a year in October, piling pressure on policymakers to revamp the $19 trillion export-driven economy as mounting supply and demand strains threaten to further curt...

Reuters

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Rapper Bad Bunny's global stardom boosts Puerto Rico's economy

Rapper Bad Bunny has brought a major boost to Puerto Rican pride, and the economy.

Al Jazeera

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Federal reserve has room for more rate cuts, Pimco's Wilding says

Tiffany Wilding, economist at Pacific Investment Management Co. (Pimco), says the labor market is slowing but not falling off of a cliff. Speaking on "Bloomberg Surveillance," Wilding says the Federal Reserve has room to cut rates at lea...

Bloomberg

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Government shutdown may impact Fed decision on interest rates cuts

The government shutdown impacted key economic data reports that the Federal Reserve uses to determine a potential interest rate cut. CBS MoneyWatch correspondent Kelly O'Grady reports.

CBS America

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How much did the government shutdown cost?

The Congressional Budget Office estimates that around $11 billion of economic activity was lost during the 43-day government shutdown. CBS News' Kelly O'Grady breaks down the figures.

CBS America

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Canadians boycotting U.S. mainly behind billions in lost tourism

A U.S. Travel Association report forecasts a 3.2 per cent decline in international tourism spending in the country for 2025, a loss of $5.7 billion U.S. compared with the previous year. The association largely attributes the loss to a de...

CBC News

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Goldman Sachs predicts a lost decade for U.S. equities

Strategists at Goldman Sachs expect U.S. equities to keep lagging global peers for the next decade. Peter Oppenheimer and his team recommend that investors increase diversification beyond the U.S. They see the S&P 500 returning an averag...

Bloomberg

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African Union says rising debt crisis undermines development

The chairperson of the AU Commission says many governments are spending more on servicing debt than on investments in human development.

Africanews

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Trump proposes tariffs on Italian pasta companies

A new wave of tariffs could cause many Italian pastas to disappear from grocery shelves. A report from the Wall Street Journal details the Trump administration's plan to impose duties of 107% on Italian pasta imports.

CBS America

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China's soybean import dependence grows amid crop shift

An expected trade deal between China and the U.S. is offering relief to American farmers hit hard by Beijing’s block on soybean imports and China’s challenge to grow enough of its own.

DW News

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Trump: Americans to receive 'at least $2,000' from tariff revenue

Could Americans be getting checks from the federal government due to revenue brought in by Tariffs? That's something President Donald Trump says he's considering.

Scripps News

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Polls indicate many Americans downbeat on Trump's handling of economy

U.S. economic growth looks lopsided due to reliance on the AI boom and stock-market wealth causing many Americans to be downbeat about the economy and the president's handling of it. Many voters expressing cost-of-living anxieties and ha...

Bloomberg

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Von der Leyen offers minor concessions on EU budget

Ursula von der Leyen has proposed changes to her €2 trillion EU budget to empower regional authorities and protect financing for rural areas. The tweaks look to stave off a parliamentary rebellion after a week of tensions.

Euronews

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How sanctions cripple Syria’s economy and its people

As al-Sharaa becomes the first Syrian leader to visit the White House, Syria remains crippled by sanctions. Business owners are warning, unless some are lifted, industries that are still functioning are at risk of shutting down.

Al Jazeera

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Global shares jump as investors eye potential end to U.S. shutdown

Global shares rose on Monday on optimism that an end to the historic U.S. government shutdown was in sight, while yields rose and the dollar nursed losses from last week.

Reuters

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Trump administration claims prices are leveling off

The Trump administration is claiming that the economy is making progress despite a gap between wage and price increases. CBS News MoneyWatch correspondent Kelly O'Grady has more.

CBS America

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Brazil climate conference begins amid soaring climate costs

Ten years after the Paris Agreement, world leaders gather in Brazil as climate costs soar and progress lags.

Al Jazeera

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Consumer confidence in U.S. economy is near record-lows, survey shows

A recent survey shows consumer confidence in the economy is near record-low amid the ongoing government shutdown. Andres Gutierrez is in Burbank, California, with the details.

CBS America

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What's fueling accelerating economic growth in Spain?

After years of sluggish growth, Spain is thriving again. GDP surged by 3.5% last year, powered by record tourism and immigration, some experts have said.

DW News

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No end in sight for longest government shutdown in U.S. history

The U.S. government shutdown is now at 40 days—the longest in American history—with no sign of it ending soon. That’s led to chaos at airports but also knock-on effects across industries.

Al Jazeera

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Iowa farmers' incomes to decline amid trade war

The net income for Iowa farmers is expected to fall by 24% compared to this year. That's a total of $3 billion, according to the Rural and Farm Finance Policy Analysis Center at the University of Missouri.

CBS America

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Is Germany straying from climate goals ahead of COP30?

Germany has long been considered a leader in climate action, and Chancellor Friedrich Merz is set to join the COP30 conference in Brazil. However, a stagnant economy may jeopardize the country's stated climate goals.

DW News

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Who is most in need of food assistance right now

A federal judge has ordered the Trump administration to fully fund Supplemental Nutrition Assistance Program benefits this month. Stephanie Kingsbury, the executive director of Mustard Seed Ministries, joins 'The Daily Report" to discuss...

CBS America

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Can Germany's steel industry survive a deepening cost crisis?

As Germany's steel industry is under pressure from both high energy prices and competition from China, the government has called a steel summit to seek ways to secure the business and its jobs.

DW News

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Americans debt hits a new record high: Here are tips to pay it off

A new Federal Reserve report shows total household debt is more than $18 trillion, which is equivalent to nearly half the size of the U.S. economy. CBS News business analyst Jill Schlesinger has tips to help you cut down on your debt.

CBS America