Economy News | LeadStory

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Christmas in Kenya: Families spend on average one month's salary

In Kenya, Christmas is primarily a religious celebration that brings families together. As summer approaches and temperatures rise, Santa Claus and Christmas trees are relatively rare. But that does not mean people don’t celebrate — the ...

France 24

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Kevin McCallister's grocery run would cost triple compared to 1990

It's a scene that many of us remember: Kevin McCallister in "Home Alone," casually strolling through the grocery store with $20 in hand. How much would that same grocery run really cost today?

Scripps Local

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Canada’s cost of living crisis hitting shoppers hard during holidays

As many Canadians grapple with mounting financial pressure, political leaders stress social programs and tax cuts as evidence they’re trying to help. That said, even with inflation steadying, grocery prices in particular rose again subst...

CBC News

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U.S. holiday spending hits 20-year high

Americans are expected to spend nearly $900 each this holiday season, the second-highest level in 20 years. The surge reflects strong consumer demand and a continued shift towards online shopping.

Al Jazeera

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The financial strain of caring for both children and aging parents

Between now and 2030, about 10,000 Americans will turn 65 every single day, giving rise to a term known as the "sandwich generation": adults who find themselves caring for their aging parents while still raising their own children.

CBS America

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What role did Trump's tariffs play in economy's third quarter surge?

New government data reveals the U.S. economy saw a major surge in the third quarter of 2025.

CBS America

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Views of U.S. economy fall short of expectations from start of year

Americans entered 2025 with optimistic expectations for jobs, inflation and living costs. But as we near the end of the year, recent CBS News polling finds that only 32% of people view the current economy positively.

CBS America

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Midwesterners grapple with rising prices during the holidays

Recent CBS News polling shows Americans have a bleak view of the state of the economy. CBS News correspondent Lana Zak has firsthand insight into how Americans are dealing with economic pressures this holiday season.

CBS America

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Inflation on the rise again in Venezuela

Pressure from the U.S. has accelerated the devaluation of Venezuela's currency. Nonetheless, people are trying to maintain a festive atmosphere with traditional purchases of seasonal ingredients and home decorations.

DW News

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U.S. toy prices rise as tariffs push up costs ahead of Christmas

U.S. shoppers are feeling the impact of tariffs as toy prices rise ahead of the holidays. Imports from China still dominate the U.S. toy market, worth around $41 billion.

Al Jazeera

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Cambodia fears long-term economic damage as Thailand conflict continues

The Thailand-Cambodia conflict disrupts trade, tourism, and garment exports, leaving markets empty and livelihoods at risk without peace.

Al Jazeera

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High living costs upset Christmas celebrations in Nigeria

Normally, Nigerians celebrate Christmas with a rich blend of faith, family, food, travel, and vibrant cultural traditions, creating one of the most festive seasons in the country. But things are not normal, right now.

DW News

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U.S. GDP rises by 4.3% in 3Q, fastest pace in two years

The U.S. economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer trade policies. Inflation-adjusted GDP rose by 4.3% beating estimates of 3.3%. Former Fed E...

Bloomberg

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Ukraine investors' conference sets sights on reconstruction

As signs of hope for an end to the Ukraine war emerge, a business conference in Berlin has shifted the focus to the reconstruction of the war-torn country, with Germany offering loans and risk insurance for investors.

DW News

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Beef prices stuck at record highs headed into Christmas

Ground beef cost an average of $6.78 a pound in November. That is a 2.1% increase from September and 15% higher than this time last year.

Scripps News

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China says U.S. ship seizures ‘serious violation' of international law

China's foreign ministry on Monday (December 22) said the United States' seizure of another country's ships was a serious violation of international law, after the U.S. intercepted a China-bound oil tanker off the Venezuelan coast.

Reuters

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New poll shows Americans remain concerned about affordability

A recent CBS News poll shows how Americans are feeling about the costs of health care, food and housing. CBS News' Anthony Salvanto has more following President Trump's comments on the state of the U.S. economy.

CBS America

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Gold climbs to record high amid geopolitical tensions

Gold rose to an all-time high as escalating geopolitical tensions and bets on further U.S. rate cuts added momentum to the best annual performance in more than four decades.

Bloomberg

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Orban's giveaways still not turning election tide in Hungary

Hungary's Viktor Orban may have got a brief poll boost last month from a costly pension sweetener, but he faces a race against time before April's election to turn the stagnating economy around enough to extend a 15-year grip on power.

Reuters

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Shell and BP struggle to secure Indonesian fuel supply after scandal

Private gas stations in Indonesia, like Shell and BP, had run dry for more than three months. No gasoline was available at any of their stations, forcing consumers to buy fuel from the state-owned oil company.

DW News

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Iranians celebrate Yalda as economic sanctions dampen festivities

Iranians of all religions and all walks of life are marking the ancient Persian festival of Yalda. Historically marking the victory of Good over Evil, Yalda sees families and get together, eating nuts, sweets and fruits. Yet, rampant inf...

France 24

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Gold climbs to record high amid geopolitical tensions

Gold rose to an all-time high as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades. Bloomberg's Martin Ritchie breaks down the situation.

Bloomberg

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Mercosur Summit kicks off: Lula calls on EU to sign deal

The summit at which South American leaders had hoped the Mercosur trade agreement would finally be signed ultimately took place without their European counterparts. EU leaders are postponing the conclusion amid large-scale demonstrations...

France 24

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Rome imposes 2-euro fee on visiting Trevi Fountain

Starting Feb. 1, the city of Rome is imposing a 2-euro fee for tourists to get close to the fountain made famous by Federico Fellini’s “La Dolce Vita” during prime-time daylight hours.

France 24

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Consumer sentiment edges up as existing-home sales barely rise

U.S. consumer sentiment rose in December by less than expected and U.S. existing-home sales barely rose in November, with contract closings ticking up 0.5% to an annual rate of 4.13 million.

Bloomberg

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New poll suggests Americans concerned with high costs of holidays

A recent CBS News poll shows many Americans are concerned about the high costs of holiday shopping. Lori Bettinger, the president of BancAlliance, joins CBS News with more details.

CBS America

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Mercosur trade pact down to the wire at EU summit

Brussels sees the trade deal with the South American regional trading bloc Mercosur as a chance to open new markets. But resistance to the deal from some EU members is massive.

DW News

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India to open nuclear industry to private firms

India's parliament passed a bill that will open its nuclear industry to private firms, unlocking investment opportunities worth $214 billion following decades of tight regulations that stifled the sector. Bloomberg News' Stephen Stapczyn...

Bloomberg

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Breaking down the November CPI report

Geoeconomics correspondent Erin Delmore joins CBS News to discuss the latest numbers on inflation.

CBS America

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Food, tobacco products top consumer spending growth forecasts

New data highlights surprising growth trends in everyday essentials and tobacco products.

Scripps News