Economy News - LeadStory

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Trump says NATO must stop buying Russian oil

President Trump signaled a new position on Russia's war with Ukraine. He said the U.S. will agree to additional sanctions on Moscow, but only when NATO allies stop buying Russian oil. Willie James Inman has more details.

CBS News

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Fitch downgrades France's credit rating in new debt blow

The Fitch agency downgraded France's credit rating on Friday, as President Emmanuel Macron struggles with political instability and disagreements on how to put the country's strained public finances in order.

France 24

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Inflation fears drive falling consumer sentiment

New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month.

CBS America

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ECB’s Patsalides says euro-area inflation risks remain balanced

European Central Bank official Christodoulos Patsalides says risks to euro-area inflation are “balanced.” Speaking in Frankfurt, he highlighted the outlook for the region’s economy, indicating neither significant upside nor downside pres...

Bloomberg

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JPMorgan says stock and bond rally can continue ‘for a while’

Julio Callegari of JPMorgan Asset Management says stocks and bonds could continue rising due to a “Goldilocks” economic environment. He discussed the market outlook on Bloomberg, highlighting conditions that may support ongoing gains in ...

Bloomberg

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Inflation rises nearly 3% as new data signals labor market strain

The latest Consumer Price Index shows prices climbed nearly 3% over the past year, raising fresh concerns about inflation pressures. Alongside the increase, new data pointed to warning signs in the labor market, highlighting challenges f...

CBS America

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U.S. consumer inflation increase in August, jobless claims surge

The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.

CBS America

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ECB expected to keep interest rates unchanged

The European Central Bank is set to leave interest rates on hold. The deposit rate will be held at 2%, according to economists. New ECB forecasts are likely to show economic growth gradually picking up and inflation at target over the me...

Bloomberg

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Trump escalates attacks on BLS amid jobs report revisions

The Bureau of Labor Statistics (BLS) revised its jobs report to show that the U.S. added 911,000 fewer jobs than previously reported between March 2024 and March 2025. Meanwhile, President Trump continued his attacks on the agency's data...

CBS America

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Producer price inflation report shows slight dip

The Producer Price Index fell by 0.1% in August, according to new data released Wednesday, fueling the push for an interest rate drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

CBS America

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Trump urges EU to impose 100% tariffs on China and India, sources say

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.

Reuters

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UN humanitarian chief warns of imminent funding crisis in Haiti

The UN Humanitarian Affairs chief in Haiti warned on Tuesday that not enough is being done to support humanitarian efforts and that funds could run out by the end of the month.

Africanews

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Iran's nomad community: Women struggle for sanitation

In Iran's remote plains and mountains, nomadic women endure life without access to proper toilets and clean water. Despite being vital to Iran's economy, these nomads face a daily struggle for basic sanitation and hygiene.

DW News

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What a major downward revision in U.S. jobs means for the economy

The Bureau of Labor Statistics released updated hiring numbers from April 2024 through March of 2025, showing employers added 911,000 fewer jobs that initially recorded over those months.

CBS America

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Will the Fed cut interest rates by half a point?

Revised data from the Bureau of Labor Statistics showed the U.S. economy added nearly a million fewer jobs for the 12 months that ended this past March than previously reported.

CBS America

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Mali fuel blockade sparks fear and economic strain

Now, as fuel trucks burn on the roads leading into the capital, many Malians fear that beyond the violence, the insurgents are waging economic warfare aimed at suffocating the country.

Africanews

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U.S. jobs growth revised down by 911,000

The Bureau of Labor Statistics said the U.S. labor market added 911,000 fewer jobs between April 2024 and March 2025. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

CBS America

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Economic impact of France's political crisis

French President Emmanuel Macron is seeking his fifth prime minister in less than two years after opposition parties united to oust centre-right Prime Minister François Bayrou over his unpopular plans for budget tightening.

France 24

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Pakistan floods disrupt Sialkot’s global exports and supply chains

Sialkot in Pakistan is world-famous for its sports goods and surgical tools. Industries there export billions of dollars’ worth of products each year. But recent floods have left streets under water, factories idle and supply chains disr...

Al Jazeera

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Behind the steep decline in young mothers leaving the workforce

For six years, Mackenzie Bruegge worked in medical billing. But with two young children at home, she says the math just didn't add up. Her decision to quit reflects a national trend.

CBS America

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Severe cash shortage cripples Guinea’s economy, trade, and daily life

Traders in Guinea are counting losses as a severe cash shortage hits the economy. Many people have been unable to withdraw their savings from banks. The government says it's shipping in tons of printed money, to ease the liquidity shortage.

Al Jazeera

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Japan PM hopefuls prepare leadership bids, markets roiled

Ruling party lawmakers in Japan prepared their bids to replace outgoing premier Shigeru Ishiba on Monday, as financial markets recoiled on the political uncertainty and the possibility of his successors ramping up government spending.

Reuters

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Argentina's Milei suffers major setback as opposition wins vote

Argentina's opposition Peronist party triumphed in legislative elections in the key province of Buenos Aires, leaving President Javier Milei's ruling party in a distant second place, the provisional official tally showed.

France 24

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66,000 Kenyans to lose jobs if AGOA not renewed

Kenya’s economic lifeline may soon be cut. The African Growth and Opportunity Act AGOA is set to expire on September 30, ending a key duty-free trade arrangement with the US.

Africanews

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Schools reopen in DRC as families struggle with fees and insecurity

Why thousands of children in the Democratic Republic of Congo won't be returning to school this year.

Al Jazeera

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South Africa to enhance global cooperation in face of U.S. tariffs

South African economists are urging enhanced global cooperation, stressing the urgent need to counter American trade policies that have severely disrupted exports and could exacerbate job losses in an already struggling economy.

Africanews

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Breaking down the August jobs report that has economists talking

The U.S. economy added 22,000 jobs in August -- well below expectations. Economists had expected a number closer to 80,000.

CBS America

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Trump's pick for Fed governor says he will preserve independence

Stephen Miran, President Donald Trump's pick to join the Federal Reserve Board of Governors, is testifying on Capitol Hill. CBS MoneyWatch correspondent Kelly O'Grady breaks down Miran's remarks.

CBS News

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Housing market shifts create buyer opportunities

Small investors are making up a larger share of home purchases this year and signs of a more balanced market could mean an opening for the average consumer.

Scripps News

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Drier weather threatens India's tea exports as leaves wilt

Weather extremes are shriveling harvests on India's tea plantations, endangering the future of an industry famed for iconic varieties such as Assam and Darjeeling, while reshaping a global trade estimated at more than $10 billion a year.

Reuters