Economy News | LeadStory

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White House pressure grows as Fed cuts rates

The Federal Reserve cut interest rates as the U.S. economy slows, intensifying tensions between the White House and Fed Chair Jerome Powell.

Al Jazeera

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Sugar factory closure ripples throughout California town

More than 1 million American workers have been laid off this year -- several hundred of them in Brawley, California. Mark Strassmann traveled there to examine the ripple effects of those layoffs on the local economy.

CBS America

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What does the Fed's rate cut mean for consumers?

The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, the third rate cut this year. CBS News business analyst Jill Schlesinger has more.

CBS America

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Federal Reserve cuts interest rates by 0.25 percentage points

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points Wednesday, bringing the federal funds rate to its lowest level in more than three years. CBS News' Kelly O'Grady and Olivia Rinaldi have more.

CBS News

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Trump says he's crushing inflation as Americans remain anxious

President Trump told the crowd at a Pennsylvania rally that he's crushing inflation despite Americans voicing affordability concerns. CBS News' Ed O'Keefe has more details.

CBS News

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Trump touts economic record, but some voters disagree

President Trump was in Pennsylvania on Tuesday, touting his administration's record on the economy despite polling poorly on the issue. Some voters told CBS News they disagree with the president's economic claims. Ed O'Keefe reports.

CBS America

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Federal Reserve interest rate cut expected. How will economy react?

The Federal Reserve is expected to announce an interest rate cut as the nation navigates an affordability crunch. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.

CBS America

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Trump's Nvidia reprieve spurred by Huawei's AI gains

President Donald Trump decided to let Nvidia sell its H200 chips to China after weeks of deliberations with advisers. Bloomberg's Annabelle Droulers breaks down the key factors that drove the decision.

Bloomberg

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U.S. Federal Reserve: Central bank under pressure over interest rates

U.S. central bank weighs rate decisions under political pressure—Economists warn cutting rates could fuel inflation.

Al Jazeera

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More than 75% of homes on the market are unaffordable, study finds

Homeownership feels increasingly out of reach for many American families. A new study found that more than 75% of homes across the U.S. are unaffordable for the average household.

CBS News

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Federal Reserve expected to make third straight interest rate cut

It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why.

CBS America

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Tanger CEO sees retail rebound

U.S. consumer sentiment just snapped a five-month slump, ticking higher right as holiday shopping kicks into overdrive. Tanger outlets are riding the wave, with shares rebounding into year-end and Black Friday crowds lining up out the do...

Bloomberg

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U.S. job openings pick up to highest level in five months

The number of available positions rose slightly to 7.67 million in October from 7.66 million in the prior month, according to Bureau of Labor Statistics data. The median estimate in a Bloomberg survey of economists called for 7.12 millio...

Bloomberg

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Citi's Chronert expects 'fundamental broadening' in markets

Scott Chronert, Citi U.S. equity strategist and managing director, sees a "broadening theme" in markets in addition to the AI tailwinds in tech going into 2026 on "Bloomberg Open Interest."

Bloomberg

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Trump gives Nvidia green light to sell H200 chips to China

The U.S. government said the approval, which comes in exchange for a 25% surcharge, would also be available to other chipmakers like Intel and AMD.

Euronews

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Plunging temperatures impact heat costs for families

A blast of winter weather left parts of the South and Midwest blanketed with a fresh coat of snow Monday. Meanwhile, more arctic air is making temperatures feel colder than normal from Minnesota to Maine.

CBS America

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Trump unveils $12 billion aid package for farmers hit by trade war

U.S. President Donald Trump on Monday (December 8) unveiled a $12 billion aid package for American farmers, the latest government effort to shore up a key political constituency hurt by the financial fallout from his trade policies.

Reuters

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Unity in a fragmented world: dialogue, trade and climate at Astana Forum

Titled “Connecting Minds, Shaping the Future,” the Astana International Forum (AIF) gathered over 160 international speakers and around 7,000 participants.

Euronews

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EU–Central Asia cooperation expands as Síkela visit seals major deals

European Commissioner Jozef Síkela has concluded a visit to Central Asia, securing major agreements aimed at strengthening cooperation under the EU’s Global Gateway investment strategy. The deals focus on connectivity, energy, and sustai...

Euronews

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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