Economy News - LeadStory

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Are bets on Fed interest-rate cuts overdone?

Laura Cooper, global investment strategist at Nuveen, discusses the outlook for US economic data and the potential impact on Federal Reserve policy. The major market catalysts begin to hit on Friday with the monthly jobs report.

Bloomberg

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What's next for Prabowo after Indonesia protests?

Indonesian President Prabowo Subianto said he would revoke an allowance for lawmakers which helped fuel fierce protests across the nation. Joshua Kurlantzick, a senior fellow for Southeast Asia and South Asia at the Council on Foreign Re...

Bloomberg

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Labor Day protests held against Trump, billionaires

It’s Labor Day in the U.S., which is a day off of work for many and thousands of people are using the day not to rest, but instead to protest. The country’s largest federation of labor unions is leading the movement aimed at the growing ...

France 24

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Families watching their wallets at national parks

Workers at Yellowstone say guests visiting the park have been paying more attention to their money this year in the face of economic uncertainty. Ian Lee reports.

CBS America

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Senegal debt crisis pushes vulnerable families into deepening poverty

Senegal is battling a mounting debt crisis. The International Monetary Fund froze a 1.8-billion-dollar loan after the previous administration hid seven billion dollars of debt. The new government says it must now raise taxes and cut publ...

Al Jazeera

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Reflecting on the total economic damage of Hurricane Katrina

In addition to its toll on human life, Katrina dealt enormous economic damage, dwarfing any other storms in recent history.

AccuWeather

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Survey finds student loan stress keeping Americans up at night

A survey finds that student loan stress is keeping Americans up at night.

Scripps Local

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Poll: Vast majority of Americans say life getting pricier under Trump

A Scripps News/Talker Research poll finds that a majority of the country feels that everyday goods, monthly expenses and travel have all gone up since the start of President Trump’s second term.

Scripps News

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How the end of de minimis rule will hit U.S. shoppers, businesses

The Trump administration on Friday ended U.S. duty-free imports of packages worth less than $800, the so-called "de minimis" exemption that has fueled a surge in shipments from global sellers to U.S. consumers who will now likely face hi...

Reuters

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U.S. ends tariff exemption for small packages shipped globally

The United States on August 29 ended tariff exemptions on small packages entering the country from abroad, in a move that has sparked concern among small businesses and warnings of consumer price hikes.

France 24

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Indonesians angry over lawmakers’ perks amid economic hardship

Indonesia faces nationwide protests by students and workers amid economic hardship and political frustration.

Al Jazeera

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Kagame, Chapo deepen Military and Economic Cooperation

Mozambique's President Daniel Chapo is in Rwanda on a two-day working visit, where he and President Paul Kagame hailed excellent relations between their countries and signed new bilateral agreements, including a Status of Forces Agreemen...

Africanews

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Factors that have led to rising electricity bills across the nation

For most households across the country, summer electricity bills are causing some sticker shock.

Scripps Local

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Which EU countries lead in second-home ownership?

In one European country, almost half of all homeowners have a second property. Across the bloc, the appeal tends more to be one of leisure than investment.

Euronews

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New data signals slight bounce in U.S. economy

Recent gross domestic product data indicates a slight bounce in revised numbers concerning the U.S. economy. CBS News' Kelly O'Grady reports.

CBS America

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Europe prepares sanctions as Iran's currency falls

In Tehran on Thursday, Iran’s currency traded at over 1 million to $1. At the time of the 2015 accord, it traded at 32,000 to $1, showing the currency’s precipitous collapse in the time since.

Africanews

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2,000 children in France are experiencing homelessness

More than 2,000 children are sleeping on the streets of France as the 2025 school year begins, the UN Children's Fund (UNICEF) said Thursday. Data have increased by 30% since 2022.

France 24

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U.S. economy expands, jobless claims fall

The U.S. economy expanded in the second quarter at a 3.3% annualized pace, slightly faster than initially estimated, while initial jobless claims decreased by 5,000 to 229,000 in the week ended Aug. 23.

Bloomberg

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Prasad: Fed rate cut could aid Egypt’s economic recovery

Egypt’s central bank is expected to resume monetary easing after last month’s pause, as the country works to curb inflation that hit 38% in 2023. Economist Aathira Prasad says a Fed rate cut would support Egypt’s efforts to stabilize its...

Bloomberg

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Russia extends gasoline export ban amid shortages, price surge

Officials insist the situation is not yet “system critical,” with Moscow and major cities largely spared. But experts warn that with inflation, high demand, and continuing drone strikes, Russia’s vulnerability on the home front could dee...

Africanews

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Trump's tariffs on India: Industries expected to be hit hardest

President Trump's steep 50% tariff on Indian goods is now in effect. The president had initially announced a 25% tariff on India, but earlier this month he signed an executive order imposing an additional 25% tax because India buys Russi...

CBS News

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Indian exporters brace for impact as steep U.S. tariffs hit

Indian exporters are bracing for a sharp decline in U.S. orders after trade talks collapsed and Washington confirmed steep new tariffs on the South Asian nation's goods will take effect from Wednesday, escalating tension between the stra...

Reuters

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Senegal awaits resolution on debt misreporting, recovery plan ramps up

Senegal is also rebasing its economy for the first time since 2018 in hopes of recalibrating its debt-to-GDP ratio to more manageable levels.

Africanews

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LeBlanc reports ‘productive’ trade talks with U.S.

Canada-U.S. Trade Minister Dominic LeBlanc said his meeting Tuesday with U.S. Commerce Secretary Howard Lutnick was ‘productive,’ while a source tells CBC News Canadian negotiators see a window of opportunity to reach a trade deal.

CBC News

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India braces for export shock as 50% U.S. tariff takes effect

India is bracing for a sharp blow to its overseas trade as steep US tariffs take effect on a range of Indian products on Wednesday. The move threatens over half of India’s exports to its largest market and highlights the fragile trade ti...

Euronews

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Trump clashes with Fed board member Lisa Cook, pushing to oust her

A standoff is brewing between President Trump and economist Lisa Cook. Mr. Trump tried to fire her, claiming "there is sufficient cause" to believe that Cook made false statements on one or more mortgage agreements.

CBS America

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Tariffs could drive up car insurance costs as rates climb nationwide

Car insurance rates are up 5.3% from a year ago, according to the most recent federal inflation data. Premiums could rise even more as tariffs continue to impact the auto industry.

Scripps News

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WHO: Billions are still without safe water and sanitation

Progress has been made in terms of improving sanitation and hygiene worldwide, but 2.1 billion people globally still lack access to safe drinking water.

Africanews

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Fragile truce sparks economic recovery in Nigeria’s Katsina state

A truce between armed groups and local communities has enabled the return of agricultural and other economic activities in Katsina state.

Al Jazeera

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China and India rush to build mega-dams

India and China are racing to build mega-dams along major rivers that would massively affect water supplies to both countries. The source of that water is a glacier in Tibet, which supplies millions of people with water downstream - and ...

France 24