Economy News | LeadStory

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Port of LA celebrates 2025 performance despite trade volatility

After a rollercoaster 2025 of rapidly shifting tariff policies that threatened multiple businesses that rely on shipping, the Port of Los Angeles is on track to have its third busiest year on record. Executive director Gene Seroka joins ...

CBS America

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Trump leaning toward Warsh or Hassett for Fed Chair: WSJ

President Donald Trump said that Kevin Hassett and Kevin Warsh are his top choices to lead the U.S. Federal Reserve and that he expects the next chair of the central bank to consult with him on interest rates. He spoke in an interview wi...

Bloomberg

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What to expect from November jobs report

The November jobs report is expected to be released Tuesday. Kristin Myers, the ETF editor-in-chief for AssetTV, joins with more on what to expect.

CBS America

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EU energy ministers set to tackle price discrepancies

High energy taxes and extra charges on the final bill from energy producers are creating large discrepancies among member states fueling the case to complete energy market. EU member states look to narrow the gap.

Euronews

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Gold climbs near fresh record on fifth day of gains

Gold continued its longest winning streak since the run-up to an all-time high in October, rising for a fifth day Monday. Gold has surged about 65% this year and is on track for its best annual performance since 1979.

Bloomberg

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Qatar hosts UN anticorruption conference amid global stability crisis

The United Nations estimates that corruption costs the global economy $5 trillion annually, representing 5% of worldwide GDP. The issue is highlighted at the UN Anti-Corruption Conference in Doha, which brings together international stak...

Al Jazeera

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Morgan Stanley's Xing on China data

Chief China Economist Robin Xing explains why China must rebalance its social safety net to boost consumer spending. He speaks after China released fresh data on retail sales and home prices.

Bloomberg

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High prices hitting Christmas shoppers hard

A new poll finds roughly half of Americans say they're finding it harder than usual to afford holiday gifts this year and 40% are having to dip into their savings.

CBS America

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Iran raises gasoline prices for first time since deadly 2019 protests

Iran introduced a new pricing tier Saturday for its nationally subsidized gasoline, attempting to rein in spiraling costs for the first time since a price hike in 2019 that sparked nationwide protests and a crackdown that reportedly kill...

Africanews

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Black Sea strikes: Turkiye warns about escalations in shipping routes

Turkiye is warning an escalation in hostilities in the Black Sea is affecting shipping routes and trade. Kyiv has been carrying out strikes on Russia's so-called 'shadow fleet' of unmarked tankers, that's believed to be used as a way to ...

Al Jazeera

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Fed set up to keep cutting rates in 2026, Newedge's Dawson says

Newedge Wealth CIO Cameron Dawson says it's the ultimate "party on, Garth" type of market environment. Speaking during an interview with Matt Miller on "Bloomberg Open Interest," Dawson also says she expects the Federal Reserve to keep c...

Bloomberg

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Millions live in cold houses in Europe

The share of people in the EU who are unable to keep their homes adequately warm has increased since the energy crisis sparked by Russia's invasion of Ukraine.

Euronews

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How the end of Affordable Care Act subsidies will impact premiums

In less than three weeks, millions of Americans who rely on the Affordable Care Act for their health insurance could see their premiums skyrocket. Julie Rovner, chief Washington correspondent at KFF, joins "The Daily Report" to discuss.

CBS America

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Migration remains an opportunity for Europe: Spanish economy minister

Spanish Economy Minister Carlos Cuerpo said migration remains an economic opportunity even as the debate around it is hijacked by political forces, with false narratives about migrants amplified by social media.

Euronews

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What the Fed rate cut means for consumers

The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points. It's the third consecutive rate cut for the Fed as inflation continues to rise. CBS News MoneyWatch correspondent Kelly O'Grady explains what it ...

CBS America

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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