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Concern grows over whether Hollywood’s film and TV industry can survive in California
Los Angeles — For years, Phil Mangano made a good living as a film and television editor in…
Las Vegas may still dazzle, but its sparkle is coming at a steeper price: “No longer a bargain vacation”
Las Vegas — The “Welcome to Fabulous Las Vegas” sign is usually the first stop for millions of…
Trump says he’s doubling steel tariffs to 50% during visit to U.S. Steel mill near Pittsburgh
President Trump announced that he would be doubling tariffs on steel to 50% as he visited a U.S.…
Trump says China is violating its trade agreement with the U.S.
President Trump on Friday said that China is violating a trade agreement with the U.S., just weeks after…
CBS News poll: Economy views better than winter, but Americans feel concern more than secure about finances
Summer begins with Americans’ economy ratings continuing to get a bit brighter than they were this winter —…
United Airlines and JetBlue strike deal that will impact fliers’ points, return United to JFK airport
JetBlue and United Airlines on Thursday announced a new partnership that will allow frequent fliers to earn and…
JD Vance says “crypto finally has a champion” in the White House during Bitcoin conference speech
Vice President JD Vance on Wednesday touted the Trump administration’s ties with the cryptocurrency industry — a once-fringe…
GameStop purchases more than $500 million in bitcoin in first crypto push
GameStop on Wednesday announced it has bought 4,710 bitcoin, worth over $500 million, as the video game retailer…
Southwest sets its first checked bag fee, starting at $35
After more than 50 years, Southwest Airlines’ “bags fly free” policy is finally coming to an end. Southwest…
Tesla’s monthly sales in Europe plunge by almost 50% amid protests and backlash against Elon Musk
Tesla sales across Europe plummeted by almost 50% last month even as the broader market for electric cars…
Trump pauses tariffs on European Union goods after negotiations
Trump pauses tariffs on European Union goods after negotiations – CBS News Watch CBS News Negotiators from the…
What’s open and closed for Memorial Day? See which stores are operating today.
Easy Memorial Day weekend activities Easy, last-minute Memorial Day weekend activities 03:22 For many Americans, Memorial Day means…
Delta Air Lines’ 100th year takes flight
When you picture a garage sale, you might think of your neighbor’s driveway down the street, not an…
Trump announces “partnership” between U.S. Steel and Japan-based Nippon Steel
President Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he…
Publix recalls baby food sold in more than 1,400 stores after testing finds elevated lead levels
The supermarket chain Publix has recalled fruit and vegetable baby food sold in eight states because product testing…
Trump floats bringing Fannie Mae and Freddie Mac public. Here’s what it could mean to homebuyers and investors.
President Trump said this week he may take home lenders Fannie Mae and Freddie Mac public, winding down…
Markets close lower after Trump lobs tariff threats at Apple and EU
Stocks tumbled on Friday after President Trump threatened to impose a fresh round of tariffs, this time aimed…
Trump threatens to hit Apple with 25% tariff on iPhones made outside U.S.
President Trump threatened to impose a fresh round of tariffs Friday morning, including a 25% tariff on Apple…
U.S. beef prices reach record highs as cattle industry struggles to keep costs down
Fort Worth, Texas — The dinner shopping list for Darlowe Torkelson and his wife was short. At today’s…
Walmart to lay off roughly 1,500 employees from its corporate tech workforce
Walmart raising prices amid tariff uncertainty Walmart plans to raise prices as tariff uncertainty looms over upcoming holidays…
Here’s how to save money on your summer vacation, despite rising prices
There’s good news and bad news for the nearly 50% of Americans who say they’re planning on taking…
Fast-food isn’t so affordable anymore. Here are the U.S. cities where prices are the highest.
Like Subway’s $5 footlong, affordable fast-food may soon be a thing of the past. The average price of…
Crypto billionaire Justin Sun says he’s the biggest owner of Trump’s meme coin, will attend dinner with president
The largest holder of President Trump’s cryptocurrency token is entrepreneur Justin Sun, the billionaire revealed Tuesday — earning…
GOP bill could add trillions to the U.S. deficit, some experts say. Here’s what to know.
The Republican-backed tax and spending bill that’s now moving forward in the House is getting a reality check…
Mortgage rates climb back above 7% after Moody’s U.S. debt downgrade
The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the…
Housing, nutrition in peril as Trump pulls back Medicaid social services
During his first administration, President Trump’s top health officials gave North Carolina permission to use Medicaid money for…
Trump warns Walmart against raising prices, saying they should “eat the tariffs”
Trump warns Walmart against raising prices, saying they should “eat the tariffs” – CBS News Watch CBS News…
Trump warns Walmart against raising prices, tells company to “eat the tariffs”
President Trump ripped into Walmart, saying on social media Saturday that the retail giant should “eat the tariffs”…
How much would Americans of different income save in taxes if the GOP bill is signed into law?
The White House on Friday touted a Republican-backed tax bill as delivering “PERMANENT tax cuts and bigger paychecks.”…
Moody’s downgrades U.S. credit rating, citing rising government debt
The U.S. credit rating was downgraded by Moody’s Ratings on Friday, highlighting investor concerns about the government’s growing…
Trump says U.S. will set tariff rates for most nations within weeks
Walmart raising prices amid tariff uncertainty Walmart plans to raise prices as tariff uncertainty looms over upcoming holidays…
Is TikTok down? Here’s what to know.
Meet the “grandfluencers” Meet the “grandfluencers” 04:29 Some TikTok users may have had their scrolling interrupted on Thursday…
Dick’s Sporting Goods to buy Foot Locker for $2.4 billion
Dick’s Sporting Goods is buying ailing shoe company Foot Locker for $2.4 billion, the second deal for a…
Kroger overcharges customers for items marked as being on sale, Consumer Reports finds
Kroger shoppers might be paying more at checkout than they bargained for. A new investigation found price tag…
United Airlines unveils Polaris Studio suites for premium travelers. See inside the cabin.
United Airlines is adding some extra bells and whistles to its new Boeing fleet. The Chicago-based company announced…
Inflation rate rose by 2.3% in April, CPI report shows. Here’s what the data means.
The Consumer Price Index in April rose 2.3% on an annual basis, rising less than economists had expected…
Shopping tips to save you money amid ever-changing U.S. tariff policies
President Trump’s ever-changing tariffs have caused some confusion for Americans, as higher prices and expectations of empty store…
Dow jumps more than 1,000 point as U.S. and China agree to slash tariffs for 90 days
News of a U.S. agreement with China to temporarily ease tariffs sent stocks soaring on Monday. The S&P…
U.S. and China to ease tariffs significantly for 90 days, White House announces
The U.S. and China have agreed to a temporary but significant easing of the tariffs imposed over the…
Small business owners on damage from Trump’s tariffs
Beth Benike is a mom, a veteran, and a small business owner – and she’s sounding the alarm.…
Why the U.S.-U.K. trade deal may not be as good as it sounds
President Trump on Thursday hailed his new trade pact with the U.K. as a “maxed out deal” that…
GM recalls nearly 600,000 trucks and SUVs over risk of engine failure
Checking your vehicle for important safety recalls Checking your vehicle for important safety recalls 02:15 General Motors is…
Chinese exports plunge as U.S. retailers cancel orders amid steep tariffs
Chinese exports to the U.S. plunged in April, as steep tariffs on China make it too costly for…
Fired CPSC commissioner tells President Trump, “See you in court”
Rich Trumka Jr., a commissioner of the Consumer Product Safety Commission until he was fired by President Trump…
Forget tariffs — this U.S. shoe company vows not to hike its prices
Steep new U.S. tariffs on imports are rattling businesses large and small, with many companies planning to absorb…
Stocks close higher after U.S. and U.K. announce trade deal
Stocks closed modestly higher on Thursday after President Trump announced a new trade agreement with the United Kingdom.…
Trump says trade deals could come this week. Here’s what to know as negotiations continue.
President Trump says the U.S. may be close to announcing new trade agreements as his administration faces pressure…
Fed holds interest rates steady as the central bank weighs impact of Trump tariffs
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged, resisting pressure from President Trump…
Tariffs force U.S. bicycle company to halt imports from China
The Kamler family, owner of Fairfield, New Jersey-based Kent International, has been in the bicycle business for four…
Flowers for Mother’s Day may be more expensive due to Trump’s tariffs
With Mother’s Day approaching, you may be looking to buy a bouquet of flowers — and prices could…
Student loan collections resume as record number of borrowers fall behind on payments
Millions of student loan borrowers could face a wake-up call Monday as the Department of Education resumes collecting…
Social Security to reduce overpayment clawbacks to 50%, down from 100%
The Social Security Administration is retreating from a recent policy change on the agency recovering overpayments that sparked…
The Real ID deadline is just around the corner. Here’s what to know.
The Real ID deadline is rapidly approaching. Americans will be required to switch to the enhanced form of…
Tomatoes recalled in 14 states due to salmonella risk, FDA says
Two brands of tomatoes have been recalled in 14 states due to possible salmonella contamination, the Food and…
“CBS Weekend News” headlines for Saturday, May 3, 2025
“CBS Weekend News” headlines for Saturday, May 3, 2025 – CBS News Watch CBS News Here’s a look…
Warren Buffett announces he’ll step down as Berkshire Hathaway CEO, says he wants Greg Abel as replacement
Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday he plans to step down as CEO. Buffett,…
Sam Altman, the architect of ChatGPT, is rolling out an orb that verifies you’re human
Sam Altman, the CEO of OpenAI and the architect of ChatGPT, is behind a venture that wants to…
How one diner is navigating economic uncertainty in Danbury, Connecticut
The Three Brothers Diner has been serving the Danbury, Connecticut community for the last 50 years. The family-run…
What to know about the U.S.-Ukraine minerals deal, from the type of rare earths to deposits
The joint economic investment deal announced Wednesday that gives the U.S. access to Ukrainian minerals may provide Ukraine…
Chamber of Commerce asks Trump administration for tariff exclusions to “stave off a recession”
As Small Business Month kicks off, the Chamber of Commerce is speaking out against the Trump administration’s trade…
Apple violated injunction in antitrust case, judge finds
A federal judge has strongly rebuked Apple, finding that the iPhone maker willfully violated a court injunction in…
Stocks make comeback, close in the green after early losses
Stocks rebounded after early losses as investors largely shrugged off new government data showing the U.S. economy shrank…
China exports to U.S. plunge as tariffs hit, leading some experts to warn of product shortages
Shipments of goods from China to the U.S. are dropping sharply with the Trump administration’s steep tariffs in…
UPS cutting 20,000 jobs amid reduction in Amazon shipments
UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort…
IBM announces $150 billion investment in U.S. manufacturing, research
IBM on Monday announced that it will invest $150 billion in U.S. manufacturing to “fuel the economy.” The…
When is going to college not worth the money?
Getting a college education has traditionally been seen as a way to move up the economic ladder. But…
Wall Street ends week on muted note amid ongoing trade uncertainty
U.S. stocks wavered on Friday, signaling an end to a three-day rally that was driven by investor hopes…
Trump’s first 100 days seen as bringing big changes, but still too much focus on tariffs — CBS News poll
Is 100 days enough time to evaluate this president? His supporters generally don’t think so, but others do…
Could a $5,000 “baby bonus” convince Americans to have more kids? Here’s what the data shows.
Americans are having fewer babies, with the annual birth rate now standing near a record low. It’s a…
Amazon sellers are hiking prices on hundreds of goods as tariffs bite
American consumers are starting to feel the impact of President Trump’s tariffs on Chinese imports, especially online. Since…
DOGE says it has saved $160 billion. Those cuts have cost taxpayers $135 billion, one analysis says.
Elon Musk’s Department of Government Efficiency, or DOGE, says it has saved $160 billion through its push to…
Small businesses push for exemptions from Trump tariffs
Small businesses are begging for relief from steep new U.S. tariffs on foreign goods, saying the higher import…
Stock futures slide as China dashes hopes of trade negotiations
Momentum from a two-day relief rally in the stock market slowed considerably on Thursday, with mixed signals about…
Pope Francis’ funeral could spur tourism spike among Americans headed to Rome
Pope Francis’ funeral could be a boon for airlines but a pain for travelers. As the late pontiff…
Hundreds of colleges and universities issue letter condemning Trump’s “political interference”
Washington — Hundreds of U.S. universities and colleges, including Harvard, Princeton, Penn, Brown, MIT, Cornell and Tufts issued…
Stocks shed early gains but still close higher
The stock market surged early Wednesday but then steadily lost momentum as investors digested news of a possible…
As Tesla’s sales and profit tumble, investors ask Elon Musk to ditch DOGE and return to automaker
Tesla CEO Elon Musk is facing a corporate reckoning on Tuesday, with the electric car maker’s first-quarter results…
Trump says he has “no intention of firing” Federal Reserve chief Jerome Powell
President Trump said Tuesday he has “no intention of firing” Federal Reserve chair Jerome Powell, one day after…
Stock market slumps as Trump renews criticism of Federal Reserve Chair Jerome Powell
Stocks fell sharply on Monday as Wall Street returned from a shortened trading week and President Trump renewed…
Harvard sues Trump administration, alleging unlawful actions in freezing funding
Can IRS remove Harvard’s tax-exempt status? Does the IRS have the power to revoke Harvard’s tax-exempt status? 02:05…
Vance, Modi set to meet in India with Trump’s tariffs expected to take center stage
New Delhi — U.S. Vice President JD Vance arrived in India on Monday for a four-day visit as…
Can Trump or the IRS strip Harvard of its tax-exempt status? Here’s what to know.
The battle between President Trump and Harvard University has moved to a new front, with the IRS now…
Car buyers say they are not racing to the dealership amid tariffs
Car buyers say they are not racing to the dealership amid tariffs – CBS News Watch CBS News…
Trump says Fed Chair Jerome Powell’s “termination cannot come fast enough”
President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post…
Trump is studying how to remove Fed Chair Jerome Powell, economic adviser says
President Trump and his team are studying whether firing Federal Reserve Chair Jerome Powell is an option, according…
Is the stock market open today on Good Friday? See what’s open and closed.
Dow Jones falls more than 500 points Dow Jones falls more than 500 points, fueled by UnitedHealth tumble…
Eli Lilly says GLP-1 pill for diabetes and weight loss effective in study, plans to seek FDA approval
Eli Lilly and Co., the maker of Zepbound and Mounjaro, announced success Thursday of its Phase 3 clinical…
Grocery prices continue to rise, but some cities see higher spikes than others
As ongoing inflation continues to deplete household budgets, perhaps nowhere is the pinch felt more strongly than in…
U.S. consumers are “panic-buying” Korean beauty products amid Trump’s tariff war, retailers say
New York City — Skincare store Senti Senti in Brooklyn sells items you won’t typically find at other…
Is Zoom down? Users report problems with the video conferencing app.
Zoom, the popular video communications service, was down for tens of thousands of users Wednesday, according to website…
China orders its airlines to stop accepting deliveries of Boeing jets, report says
The Chinese government has told the country’s domestic airlines to stop accepting deliveries of Boeing jets as a…
Meta CEO Zuckerberg returns to witness stand, pushes back against FTC antitrust allegations
Meta CEO Mark Zuckerberg sparred Tuesday with a Federal Trade Commission attorney over the meaning of emails the…
Starbucks changing its dress code for baristas. Here’s the new look.
Starbucks makes layoffs, cuts drinks Starbucks to lay off 1,100 employees and cut drinks from its menu 01:53…
Mark Zuckerberg called to testify in Facebook parent Meta’s antitrust trial
Meta Platforms CEO Mark Zuckerberg took the stand Monday in a Washington, D.C., courtroom to defend his social…
Trump tariff plans bring concern about prices, financial impact, but GOP base sees jobs long-term — CBS News poll
Amid a tumultuous week in the markets, the outlook on President Trump’s trade and tariff policy hinges not…
JPMorgan Chase’s Jamie Dimon says U.S. economy faces “considerable turbulence”
JPMorgan Chase CEO Jamie Dimon said the U.S. economy faces a critical stretch, while also warning of the…
Los Angeles-area residents crowdsource wildfire contamination data in battle with insurers
All sense of survivors’ guilt was fleeting for those residents whose homes remained standing after wildfires ripped through…
U.S. exempts smartphones, computers from global Trump tariffs
Smartphones, computers and other electronics have been exempted from the Trump administration’s escalating trade war with China. According…
Stocks cap a manic week with their best performance since November 2023
After one of the most turbulent weeks on Wall Street in recent history, stocks ended higher on Friday,…
Consumers now face “tariff surcharges” for some goods as companies pass along costs
The Trump administration’s volley of tariffs has U.S. companies scrambling for ways to absorb — and if possible…
China says it’s raising tariffs on U.S. goods to 125%
Fed official says no “playbook” for economy woes Fed official says “no generic playbook” for economy woes amid…
Stock market plummets a day after huge gains on tariff pause announcement
U.S. stocks surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade…
World markets jump after Trump delays most tariff hikes, though U.S. futures move lower
World markets soared on Thursday, with Japan’s benchmark jumping more than 9%, as investors welcomed President Trump’s decision…
Stocks soar after Trump pauses reciprocal tariffs on most countries for 90 days
The stock market exploded higher on Wednesday to one of their best days in history after President Trump…
Trump’s sweeping new tariffs in effect, including 104% on goods from China
President Trump’s tariffs on imports from dozens of countries came into force Wednesday, including 104% on goods from…
Stocks slide after U.S. says it will impose a 104% tariff on China starting tonight
Stocks shed their gains in the afternoon after an earlier rebound on Tuesday, with the Dow Jones Industrial…
Trump threatens to impose an additional 50% tariff on China
President Trump on Monday said the U.S. will apply an additional 50% tariff on imports from China if…
Stock market whipsaws as Trump makes new China threat
It was another wild ride on Wall Street, with stocks swinging sharply Monday as economists raised the specter…
Overseas stock markets plunge, U.S. futures tumble as tariff turmoil continues
Overseas financial markets plummeted Monday and U.S. stock futures came under renewed selling pressure after leading indexes crumbled…
Trump tells Americans to “hang tough” as 10% universal tariffs take effect
Some of the new tariffs announced by President Trump earlier this week went into effect Saturday, triggering customs…
Tostitos tortilla chips recalled after they may have been contaminated, Frito-Lay says
Frito-Lay issued a recall of some bags of Tostito’s tortilla chips, saying the snack foods may have been…
Argentinian president doubles down on Trump support, attends Mar-a-Lago event as the world reacts to tariffs
Europe vowed retaliation. China plotted tariffs of its own. Mexico scrambled to blunt the blow. But while the…
Wholesale egg prices are falling. Will consumers see some relief?
When announcing his latest round of tariffs on April 2, President Trump veered into the subject of eggs,…
Stock market rout deepens as Dow plunges more than 2,200 points and Nasdaq enters bear market
Financial markets ended a tumultuous week with a thud, as stocks tumbled for a second straight day on…
Amazon tells White House it’s interested in buying TikTok
Amazon has told the White House it is interested in buying TikTok ahead of a key deadline by…
Dow Jones plunges more than 1,600 points as stock market recoils from Trump tariff shock
Stocks cratered in the U.S. on Thursday as anxious investors tried to assess the potential economic impact of…
Trump announces new tariffs on what he calls “Liberation Day” amid fears of higher prices
Washington — President Trump on Wednesday announced the U.S. will impose a minimum baseline of 10% tariffs on…
Trump announces new tariffs on what he calls “Liberation Day”
5m ago What is a “reciprocal” tariff? President Trump on Wednesday announced so-called reciprocal tariffs on roughly 60…
Hooters files for bankruptcy but says it’s “here to stay”
Hooters, the U.S.-based restaurant chain known for chicken wings and “Hooters Girls” skimpy wait-staff outfits, has filed for…
Trump to consider final TikTok proposal Wednesday, sources say
Sen. Cotton on China, TikTok Republican Sen. Tom Cotton on China, TikTok and the risks he sees for…
Ahead of Trump’s auto tariffs, are U.S. consumers rushing to buy cars?
President Trump’s forthcoming tariffs on automobiles threaten to make cars more expensive, and some consumers are responding by…
Wall Street tumbles on fears about Trump’s “Liberation Day” tariff announcement
Wall Street tumbled on Monday ahead of President Trump’s plans to announce more tariffs on April 2, which…
Trump says he’s planning more tariffs on April 2, calling it “liberation day.” Here’s what it means.
The Trump administration is planning to impose a round of fresh tariffs on April 2, a day President…
Americans want Trump’s focus more on prices, not tariffs; most approve of deportation efforts — CBS News poll
After a week that brought tough economic news and polling showing Americans’ views of the economy are still…
Flight bookings between Canada and the U.S. plunge amid Trump’s trade war
Flight bookings between Canada and the U.S. are plunging amid rising trade tensions between the two allied nations.…
UAW’s Shawn Fain slams Trump executive order targeting federal unions
Shawn Fain, the president of the United Automobile Workers, assailed a new executive order signed this week by…
Trump’s changes to the Social Security Administration has many seniors alarmed
North Liberty, Iowa — At the weekly senior lunch social in North Liberty, Iowa, chicken was on the…
Stock market suffers another wipeout over inflation and tariff fears
Stocks are taking a battering on Friday amid growing concerns on Wall Street about the impact of President…
Which automakers are most susceptible to Trump’s 25% car tariffs?
President Trump on Wednesday announced 25% tariffs on vehicles and auto parts imported into the U.S. The new…
Mega Millions price increase and new rules start in April. Here’s what it means for jackpots and odds.
Mega Millions will roll out several changes next month, including new ticket prices, jackpots and an increase in…
Stocks shift into reverse as Trump rolls out new auto tariffs
Stocks skidded in afternoon trading after the White House signaled that President Trump on Wednesday would announce more…
Social Security’s overpayments policy takes effect Thursday. Experts say it could hurt seniors.
Some Social Security recipients could soon find themselves in the crosshairs of a policy that advocates for seniors…
Social Security chief nominee Frank Bisignano vows to run agency “in the right fashion”
President Trump’s nominee to run the Social Security Administration, Frank Bisignano, faced questions about customer service, erroneous payments…
What to know about Signal, the app used by Trump officials to text war plans
An encrypted messaging app called Signal is drawing attention and questions after top Trump officials — including Defense…
23andMe files for bankruptcy and will try to find a buyer
23andMe, a formerly high-flying genetic testing company, announced Sunday that it was declaring bankruptcy and that it would…
Stocks jump amid signs Trump could scale back tariffs
Stocks jumped on Monday on reports that Trump administration tariffs set to take effect on April 2 could…
Boeing wins Air Force contract for new manned fighter jet to quarterback future drone fleet
President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jet, which the Pentagon…
Investors are taking cover as economic concerns grow
Stocks closed in the green, eking out a small gain Friday and snapping a four-week losing streak. After…
Family of Boeing whistleblower John Barnett accuses company of hounding him before he committed suicide
The family of a former Boeing quality control manager who police say killed himself after lawyers questioned him…
Dismantling Department of Education could cause chaos for Americans with student loans, experts warn
President Trump’s executive order on Thursday starting the process of dismantling the Department of Education could throw federal…
In U.S. auto market, uncertainty reigns over the potential impact of Trump’s tariff war
Los Angeles — With a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico set…
DoorDash and Klarna partner to offer an eat now, pay later plan
DoorDash and fintech company Klarna are joining forces to offer customers of the food delivery app the option…
Segway recalls 220,000 scooters after mechanical glitch injures 20
Segway is recalling about 220,000 Segway scooters sold nationwide because the product’s folding mechanism can fail while in…
Stocks waver as investors ponder what to make of rising economic uncertainty
For President Trump, the barrage of tariffs the U.S. is ready to unleash on the country’s largest trading…
Ben & Jerry’s claims Unilever unlawfully fired its CEO over political issues
Ben & Jerry’s says its parent company Unilever unlawfully fired its CEO David Stever over disputes involving the…
Federal Reserve holds interest rates steady, trims economic growth outlook
The Federal Reserve held its benchmark interest rate steady on Wednesday, with investors now waiting to hear from…
How close are we to a recession, and how will we know when we get there?
As tariff uncertainty continues to roil the stock market, some economists believe the U.S. could be headed toward…
Investors are fleeing U.S. stocks as tariff risks loom
How to stay ahead amid inflation, market volatility How to stay ahead amid inflation, market volatility 02:48 Investors…
Trump tariffs could add more than $9,000 to cost of a new home, builders say
President Trump’s tariff policies could make building or renovating a home in the U.S. more expensive, according to…
Retail sales rose modestly in February, but fell short of forecasts
Retail sales across the U.S. rose a modest 0.2% in February, missing forecasts amid fears that the economy…
Irish prime minister says “tariffs are damaging” amid Trump trade standoff
Washington — Irish Taoiseach Micheál Martin said he hopes dialogue can resolve the trade war between the U.S.…
Guinness sees a resurgence as more Americans are raising a pint of the iconic Irish stout
In its 266th year of brewing, Guinness is experiencing an unprecedented “golden age” in America, chugging its way…
Student loan borrowers confused by suspension of some repayment plans. Here’s what to know.
The Trump administration’s recent changes to student loans are causing frustration and confusion for some borrowers. In response…
Tesla warns that Trump’s trade war could hurt U.S. automakers
Electric vehicle maker Tesla is warning that the Trump administration’s trade policies could be detrimental to U.S.-based EV…
Here’s what a key index is saying about the economy
Some signs of the U.S. economy’s trajectory, including consumer sentiment plunging to a two-year low, U.S. stocks sinking…
Consumer sentiment plunges to 2-year low amid tariff and inflation worries
U.S. consumer sentiment swooned in March to a more than two-year low, with a preliminary gauge released by…
10,000 Social Security Administration workers could accept buyout offer, former commissioner says
The Social Security Administration could soon lose as many as 10,000 workers, according to former agency leaders who…
Stocks sink as investors fret over volley of tariffs
Even good news on U.S. inflation isn’t assuaging investors spooked by the prospects of a global trade war.…
Inflation rate rose by 2.8% in February, CPI report shows. Here’s what that means for price relief.
Inflation in February rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to…
What is a recession, and is the U.S. economy heading for one? Here’s what economists say.
President Trump sparked concerns this week when he declined to rule out the possibility of a U.S. recession…
Trump backs off doubling Canadian steel and aluminum tariffs after Ontario suspends electricity surcharge
Washington — President Trump will not double tariffs on Canadian steel and aluminum imports, Commerce Secretary Howard Lutnick…
Dow drops nearly 600 points as Trump escalates trade war with Canada
U.S. stocks caved again on Tuesday as President Trump escalated his trade war with Canada, with the Dow…
China’s retaliatory tariffs are a direct hit to U.S. farmers
China’s retaliatory tariffs went into effect Monday, spelling trouble for American farmers by making U.S.-grown crops more expensive…
Stocks fall sharply as investors fret Trump’s policies
U.S. stocks fell sharply on Monday — continuing the prior week’s losses — after President Trump said the…
Big Tech’s big bet on nuclear power
Big Tech’s big bet on nuclear power – CBS News Watch CBS News Faced with increasing demand for…
Big Tech’s big bet on nuclear power to fuel artificial intelligence
It might have seemed like one of the weirder headlines of 2024: Microsoft is paying $1.6 billion to…
Tariffs are likely to push auto prices higher. Should you buy a new car now?
Buying a car can be a fraught financial decision even in the best of times. Now, car shoppers…
Federal Reserve Chair Jerome Powell says interest rates on hold amid rise in economic uncertainty
Federal Reserve Chair Jerome Powell said Friday that the central bank can remain patient in adjusting its benchmark…
Social Security says it will restart clawing back 100% of overpayments to beneficiaries
What is the best time to claim your social security? What is the best time to claim your…
Employers added 151,000 jobs in February, missing forecasts
Employers across the U.S. added 151,000 jobs in February, below economists’ forecasts and pointing to a slowdown in…
President Trump pauses Mexico and Canada tariffs until April 2
President Trump on Thursday said he will pause 25% tariffs on U.S. imports from Mexico and Canada that…
Congressional Budget Office finds House GOP budget goals would require Medicaid cuts
Washington — An analysis by the nonpartisan Congressional Budget Office that was sent to lawmakers this week showed…
Trump offers one-month tariff exemption to U.S. automakers
President Trump is giving a one-month exemption to U.S. automakers from the round of tariffs that took effect…
Trump’s trade war looms over China’s sluggish economy despite show of strength at National People’s Congress
Beijing — China has responded to President Trump’s trade war with defiance, something Mr. Trump is not accustomed…
BlackRock strikes $23 billion deal to place Panama Canal ports under American control
The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its…
Trump’s tariffs on Canada, China and Mexico draw quick retaliation, as Trudeau calls them a “dumb thing to do”
President Trump’s imposition of blanket 25% tariffs on all goods imported from Canada and Mexico drew swift vows…
Trump says tariffs on Mexico and Canada will go into effect overnight as planned
Washington — President Trump said Monday that he has decided to move forward with 25% tariffs on nearly…
Trump to announce Taiwanese company’s $100 billion investment in U.S. chip plants
Accelerating semiconductor innovation with AI and data insights Accelerating semiconductor innovation with AI and data insights 08:38 Washington…
Trump says he’s considering these 5 cryptocurrencies for new U.S. “strategic reserve”
President Trump on Sunday named five cryptocurrencies under consideration for a new U.S. “strategic reserve,” sending their values…
“It’s the pictures that got small”: How movies have changed in the era of streaming
Hollywood has been re-inventing itself for more 100 years. Change is part of the culture. But a pocket-sized…
Social Security was already dealing with backlogs. Employees warn job cuts could worsen services.
Social Security Administration workers are warning that the Trump administration’s plan to significantly shrink the agency could cause…
U.S. set to unleash tariffs on Canada, Mexico and other countries. Economists are worried.
President Trump threatens major tariff increases on Mexico, Canada President Trump threatens major tariff increases on Mexico, Canada…
The PCE report, the Fed’s preferred inflation measure, is out. Here’s what it says.
The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 2.5% in January on…
Citi mistakenly credits $81 trillion to customer account
Citigroup mistakenly credited $81 trillion to a customer’s account instead of $280 before reversing the transaction hours later,…
Trump proposes offering $5 million “gold card” to wealthy immigrants. Here’s how it would work.
President Trump on Tuesday unveiled a new pathway to residency: a “gold card” aimed at wealthy foreigners willing…
Target to bring Warby Parker shops to certain stores in effort to drive sales
Retailer Target is opening five Warby Parker eyewear shops in its stores, as the two companies partner in…
Elon Musk’s Starlink in line for deal with FAA, raising potential ethical concerns
Elon Musk’s Starlink satellite internet service could take over a Federal Aviation Administration contract to upgrade the nation’s…
Tesla sales drop sharply in Europe, bucking trend for EVs, as Elon Musk comes under mounting criticism
London — Sales data show many Europeans, seemingly angry with Elon Musk as he navigates his close relationship…
Consumer confidence plunged in February amid rising economic concerns
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research…
Apple shareholders reject proposal to scrap DEI program
Trump administration sued over DEI President of the National Urban League on suing Trump administration over anti-DEI orders…
Fyre Festival 2 tickets go on sale today after spectacular flameout in 2017
Tickets for Fyre Festival 2, a second iteration of the infamous Fyre Festival in 2017, are now available…
Apple says it will invest $500 billion in U.S. over the next 4 years and hire 20,000 workers
Apple plans to invest $500 billion domestically over the next four years and hire 20,000 additional workers in…
Ford, Rivian recall more than 250,000 vehicles in the U.S. over seatbelt, headlight issues
Ford and Rivian have issued recalls affecting a total of about 257,000 vehicles in the United States over…
Tesla recalls more than 376,000 vehicles over potential loss of steering power
Tesla is recalling more than 376,000 vehicles because a possible loss of power steering that requires greater effort…
Frozen shakes sold to nursing homes recalled after listeria outbreak linked to 11 deaths
What to know about U.S food safety What to know about recall concerns, U.S food safety 02:34 At…
Why is the stock market down today? S&P 500 and Dow slide in worst day of 2025.
Stocks tumbled on Friday after weaker-than-expected economic reports suggested that President Trump’s policies could be impacting U.S. business…
Will the expected IRS staff cuts delay my 2025 tax refund?
Tax filing season is upon us, and some people are worried it may take longer to get their…
Elon Musk to be let inside Fort Knox depository to inspect gold reserves
President Donald Trump says Elon Musk will be looking at Fort Knox, the legendary depository in Kentucky for…
Over 6,000 IRS employees expected to be terminated by end of week
Over 6,000 Internal Revenue Service employees are expected to be terminated by the end of this week, according…