Economy News | LeadStory

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Floods across Southeast Asia cause billions in damage

Torrential rain floods Southeast Asia, killing 100 in Vietnam and forcing thousands to evacuate.

Al Jazeera

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Canada opens door to more trade with India at G20

Prime Minister Mark Carney used the G20 meeting to diversify Canada’s trade options including an agreement to work toward a new trade deal with India after years of tension between the two countries.

CBC News

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Americans pessimistic about economy ahead of holiday shopping

Holiday shopping is kicking off, and a new CBS News poll shows only 32% of Americans think the economy is in good shape.

CBS America

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African nations join coalition levying taxes on luxury air travel

A coalition of 13 countries has announced new taxes on luxury air travel, applying to private jets as well as business and first-class tickets. Most of the members are from the Global South.

Africanews

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UN chief Guterres calls on G20 leaders to tackle trade inequalities

The UN Secretary-General said trade barriers consistently place developing countries at a disadvantage.

Africanews

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Trump removes 40% tariffs on Brazilian coffee and beef

President Trump has eased tariffs on Brazilian coffee, fruit and beef to help lower U.S. consumer costs, aligning previous trade policies.

Scripps News

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COP30 host city tries to stoke economy while preserving the Amazon

On the banks of the Guama River where the city of Belem presses up against the vast green Amazon, Brazil is pioneering an economic model designed to help locals profit from a healthy rainforest.

Reuters

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Fed speak has spooked markets, Roland says

Emily Roland of Manulife John Hancock says talk of the Federal Reserve loosening monetary policy might have spooked the markets. She also comments on the collapse of Bitcoin and crypto on "Bloomberg Open Interest."

Bloomberg

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South Africa confronts stark inequality ahead of G20 Summit

Just 15 kilometers can separate two very different worlds in South Africa. In Diepsloot, tightly packed shacks line crumbling roads, and opportunities for advancement remain scarce. Nearby Thatchfield, with its spacious homes and manicur...

Africanews

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Are Americans buying Trump's affordability claims?

President Donlad Trump's claims about his work to make things more affordable may be clashing with prices currently rising in different sectors. CBS News' Fin Gómez reports.

CBS America

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UNICEF: More than 400 million children globally live in poverty

According to UNICEF, more than 400 million children globally live in poverty, missing out on at least two daily needs such as nutrition and sanitation.

Africanews

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How debt has reached record levels in Africa

Africa is in the middle of a debt crisis. The level of debt has reached record levels, and it is holding back development in countries across the continent.

DW News

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Ending global hunger by 2030 costs less than 1% of military budgets

Ending hunger by 2030 would cost just $93 billion a year — less than one per cent of the $21.9 trillion spent on military budgets over the past decade, according to the UN World Food Programme (WFP).

Africanews

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Poverty on the rise in France

In France, the most vulnerable households—families, the sick, and foreign nationals—are growing poorer, warns an annual report. Median income for those assisted fell from €658 in 2014 to €565 in 2024, with 95% below the poverty line and ...

France 24

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Stock market reacts to new jobs report data, Nvidia earnings

The stock market is reacting to a new jobs report from September and Nvidia's latest earnings report. CBS News' Kelly O'Grady reports.

CBS News

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Nvidia's Q3 earnings come in higher than expected

Nvidia's latest earnings report came in Wednesday, and its results were higher than Wall Street expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the numbers.

CBS News

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U.S. trade deficit shrank in August on decline in imports

The US trade deficit narrowed in August with imports declining by the most in four months. The goods and services trade gap narrowed almost 24% from the prior month to $59.6 billion. Michael McKee reports on Bloomberg Television.

Bloomberg

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Japanese seafood caught up in diplomatic dispute with China

China has announced it will ban all imports of Japanese seafood, two government officials in Tokyo said on Wednesday, in what appears to be the latest salvo in an escalating diplomatic dispute between Asia's top two economies.

France 24

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Concerns among investors over potential AI bubble pop

Investors are starting to voice concerns about a potential artificial intelligence bubble burst in the stock market. Puck's Ian Krietzberg joins CBS News with more details.

CBS News

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Concerns over AI-related companies driving stock sell-off

All three major market indexes continued a fourth day of sell-offs on Tuesday over concerns about artificial intelligence-related stocks. Paul La Monica, senior markets analysis writer at Barron's, joins "The Daily Report" to break it down.

CBS News

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Trump, MBS announce boost in Saudi investment to U.S.

President Trump welcomed Saudi Crown Prince Mohammed Bin Salman to the White House on Tuesday. The two leaders announced a boost in Saudi Arabia's planned investment in the U.S., from $600 billion to nearly $1 trillion.

CBS News

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Saudi investments quietly reshape America's economic future

Saudi Arabia's Public Investment Fund (PIF), valued at over $1 trillion, has invested $170 billion in the United States since 2017, targeting industries such as technology, entertainment, and transportation.

Al Jazeera

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South Africa readies for G20 despite U.S. boycott

Hopes for a strong G20 declaration on climate and debt relief are slim as South Africa readies to host the summit from Saturday (November 22). Global tensions and a boycott by the United States threaten to overshadow the gathering.

Reuters

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Comparing China, U.S. stocks amid 'ugly' technical signals

"Bloomberg: The China Show" co-anchor and Bloomberg Asia TV Chief Markets Editor David Ingles compares technical, volatility, and fundamental factors of U.S. and Chinese stocks.

Bloomberg

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How AI can help you save money on Thanksgiving this year

Artificial intelligence is helping people save money on their Thanksgiving plans this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.

CBS America

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Japan seeks to calm escalating row with China over Taiwan

Japan on Monday (November 17) moved to tamp down an escalating row with China over Taiwan that has prompted Beijing to urge its citizens to stay away from its East Asian neighbor.

Reuters

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Equity markets have 'more upside' if feds cuts rates, UBS says

Adrian Zuercher of UBS says the equity market "definitely has more upside" if the Federal Reserve signals further rate cuts. He tells Bloomberg Television that U.S. markets are "quite healthy" as earnings have been strong in the third qu...

Bloomberg

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UK luxury home sales slump ahead of expected mansion tax

Sales of the UK's most expensive homes plummeted in October, according to new data, with affluent buyers appearing to be put off by the prospect of a so-called mansion tax in Labour's upcoming budget. Property website Rightmove said Mond...

Bloomberg

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New report shows share of first-time home buyers dropped to record low

The American dream feels increasing out of reach as home prices have skyrocketed for years. The latest report from the National Association of Realtors shows the share of first-time home buyers has dropped to 21%.

CBS America

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Trump's Gaza plan arrives at UN Security Council

The UN Security Council will vote Monday on a resolution endorsing U.S. President Donald Trump's Gaza peace plan, diplomats said. Last week the Americans officially launched negotiations within the 15-member Security Council on a text th...

France 24