Category: Finance

Treasury Secretary Scott Bessent on Sunday defended the Trump administration’s escalating tariff policies, saying that while some companies have already…

Los Angeles — For years, Phil Mangano made a good living as a film and television editor in Los Angeles.…

Hey, Team! Huddle up! I want to leverage this platform and give an ROI on your time! Corporate buzzwords: we…

The Trump administration could pursue alternative pathways for imposing tariffs after a federal court this week struck down its use…

Las Vegas — The “Welcome to Fabulous Las Vegas” sign is usually the first stop for millions of tourists. But…

China eyes global help to end U.S. trade war China eyes international help to resolve U.S. trade war 05:44 President…

Summer begins with Americans’ economy ratings continuing to get a bit brighter than they were this winter — though still…

Stock futures are jumping after a federal court late Wednesday froze most of the tariffs the Trump administration has imposed…

Reality television stars Todd and Julie Chrisley were pardoned Wednesday by President Trump. The couple have been incarcerated since 2022 after…

Ankara, Turkey — Airline passengers in Turkey who unbuckle their seat belts, access overhead compartments, or occupy the aisle before…

Recent college graduates are having a harder time finding work, despite their higher education degrees, which usually give job-seekers a…

Southwest Airlines changing bag policy Why Southwest Airlines is changing its checked bag policy 02:47 After more than 50 years,…

Trump pauses tariffs on European Union goods after negotiations – CBS News Watch CBS News Negotiators from the U.S. and…

Easy Memorial Day weekend activities Easy, last-minute Memorial Day weekend activities 03:22 For many Americans, Memorial Day means spending the…

When you picture a garage sale, you might think of your neighbor’s driveway down the street, not an aviation workshop…

Stocks tumbled on Friday after President Trump threatened to impose a fresh round of tariffs, this time aimed at Apple and…

The supermarket chain Publix has recalled fruit and vegetable baby food sold in eight states because product testing found elevated…

President Trump said this week he may take home lenders Fannie Mae and Freddie Mac public, winding down 17 years…

President Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a…

President Trump threatened to impose a fresh round of tariffs Friday morning, including a 25% tariff on Apple if they…

Fort Worth, Texas — The dinner shopping list for Darlowe Torkelson and his wife was short. At today’s prices, it…

New York City — Every time Jorge Badilla shifts into gear, he’s sitting in the driver’s seat of an industry…

There’s good news and bad news for the nearly 50% of Americans who say they’re planning on taking a trip…

Americans with student loans who are behind on their payments could face having their wages garnished and other serious financial…

The largest holder of President Trump’s cryptocurrency token is entrepreneur Justin Sun, the billionaire revealed Tuesday — earning him an…

The Republican-backed tax and spending bill that’s now moving forward in the House is getting a reality check from Wall…

The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the increase coming…

During his first administration, President Trump’s top health officials gave North Carolina permission to use Medicaid money for social services…

Trump warns Walmart against raising prices, saying they should “eat the tariffs” – CBS News Watch CBS News President Trump…

President Trump ripped into Walmart, saying on social media Saturday that the retail giant should “eat the tariffs” instead of…

Calligraphy by a South Korean independence hero, created while awaiting execution for assassinating a Japanese leader, is breaking new auction…

The U.S. credit rating was downgraded by Moody’s Ratings on Friday, highlighting investor concerns about the government’s growing debt. The…

Walmart on Thursday warned that even softer tariffs on China could soon force the company to raise prices on certain…

One week into a new job, Lisa Grouette discovered something missing come Sunday night: the sinking feeling of dread she…

Flying can be a hassle even under the best of circumstances. When trips are marred by delays, cancellations and mishandled…

Kroger shoppers might be paying more at checkout than they bargained for. A new investigation found price tag errors at the…

The Consumer Price Index in April rose 2.3% on an annual basis, rising less than economists had expected yet still reflecting price…

United Airlines is adding some extra bells and whistles to its new Boeing fleet. The Chicago-based company announced that its…

A bitcoin mining firm backed by President Trump’s son Eric will go public this year, the company announced Monday, deepening…

A massive change could soon be in the works for the 71 million Americans on Medicaid, with House Republicans unveiling…

The U.S. and China have agreed to a temporary but significant easing of the tariffs imposed over the last couple…

Beth Benike is a mom, a veteran, and a small business owner – and she’s sounding the alarm. “I’ve been…

Rich Trumka Jr., a commissioner of the Consumer Product Safety Commission until he was fired by President Trump on Thursday,…

Checking your vehicle for important safety recalls Checking your vehicle for important safety recalls 02:15 General Motors is recalling 597,630…

President Trump signaled Friday that the U.S. may be open to lowering tariffs on China. “80% Tariff on China seems…

Chinese exports to the U.S. plunged in April, as steep tariffs on China make it too costly for many U.S.-based…

Steep new U.S. tariffs on imports are rattling businesses large and small, with many companies planning to absorb the higher…

Stocks closed modestly higher on Thursday after President Trump announced a new trade agreement with the United Kingdom. The S&P…

Top advisers have sent President Trump a plan to create a government-run investment fund, a request the president made earlier…

The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged, resisting pressure from President Trump to lower…

President Trump slammed Gavin Newsom on Tuesday just hours after the California governor asked for collaboration on a massive film…

It’s a nightmare for any traveler: getting to the airport and not having their ID. For many Americans, a version…

The Trump administration’s plan to trim the IRS workforce has resulted in almost one-third of its tax auditors leaving the…

The Social Security Administration is retreating from a recent policy change on the agency recovering overpayments that sparked concerns it…

President Trump on Sunday announced movies as the latest target for tariffs because the U.S. movie industry “is DYING a…

Cheaper goods from China are set to become a lot more expensive for U.S. consumers with the May 2 expiration…

“CBS Weekend News” headlines for Saturday, May 3, 2025 – CBS News Watch CBS News Here’s a look at the…

Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday he plans to step down as CEO. Buffett, who has…

The Three Brothers Diner has been serving the Danbury, Connecticut community for the last 50 years. The family-run business, which…

Grand Theft Auto fans will have to wait another year to get their hands on the latest version of the…

Kohl’s Corporation said Thursday it has fired CEO Ashley Buchanan for cause after an investigation found he had violated the company’s…

Starbucks is rethinking the role of “innovation” in running a coffee chain.  After rolling out a new system of technical…

A federal judge has strongly rebuked Apple, finding that the iPhone maker willfully violated a court injunction in an antitrust…

President Trump appeared on Wednesday to acknowledge that his high tariffs on China may lead to fewer goods on shelves…

Shipments of goods from China to the U.S. are dropping sharply with the Trump administration’s steep tariffs in place, leading…

White House press secretary Karoline Leavitt, citing a report that Amazon plans to display tariff charges on imported goods, called…

Getting a college education has traditionally been seen as a way to move up the economic ladder. But an analysis…

IBM on Monday announced that it will invest $150 billion in U.S. manufacturing to “fuel the economy.” The investment will…

Americans are having fewer babies, with the annual birth rate now standing near a record low. It’s a trend that…

Is 100 days enough time to evaluate this president? His supporters generally don’t think so, but others do — perhaps…

American consumers are starting to feel the impact of President Trump’s tariffs on Chinese imports, especially online. Since the second…

Elon Musk’s Department of Government Efficiency, or DOGE, says it has saved $160 billion through its push to root out…

Small business owners are begging for relief from steep new U.S. tariffs on foreign goods, saying the higher import taxes…

Learning Resources CEO Rick Woldenberg thinks the Trump administration’s sweeping tariffs will be catastrophic for both his family-owned toy business…

The stock market surged early Wednesday but then steadily lost momentum as investors digested news of a possible trade deal…

Pope Francis’ funeral could be a boon for airlines but a pain for travelers.  As the late pontiff lies in state…

Washington — Hundreds of U.S. universities and colleges, including Harvard, Princeton, Penn, Brown, MIT, Cornell and Tufts issued a joint…

Treasury Secretary Scott Bessent on Wednesday said the Trump administration has an “opportunity for a big deal” on trade between…

Washington — The Education Department will soon begin collecting payments for student loans that are in default, including through wage…

Data shows the IRS’ Direct File free tax-filing tool has helped save taxpayers money. Now lawmakers want to know why…

Stocks fell sharply on Monday as Wall Street returned from a shortened trading week and President Trump renewed his criticism…

A hearing kicked off today in Washington, D.C., that could determine whether Google remains in its current form, or if…

As ongoing inflation continues to deplete household budgets, perhaps nowhere is the pinch felt more strongly than in grocery aisles. However,…

Canada car dealership braces for tariffs Canadian car dealership depicts anger over Trump tariffs 04:57 Honda Motor this week said…

Car buyers say they are not racing to the dealership amid tariffs – CBS News Watch CBS News Car manufacturers…

The battle between President Trump and Harvard University has moved to a new front, with the IRS now considering whether…

President Trump and his team are studying whether firing Federal Reserve Chair Jerome Powell is an option, according to National…

Dow Jones falls more than 500 points Dow Jones falls more than 500 points, fueled by UnitedHealth tumble 03:22 The…

Eli Lilly and Co., the maker of Zepbound and Mounjaro, announced success Thursday of its Phase 3 clinical trial for…

President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post that Powell…

New York City — Skincare store Senti Senti in Brooklyn sells items you won’t typically find at other retailers in…

Spotify releases its 2024 review What to know about Spotify’s top artists, songs and albums of the year 02:52 Spotify…

Meta CEO Mark Zuckerberg sparred Tuesday with a Federal Trade Commission attorney over the meaning of emails the Facebook founder…

Will Trump or Xi initiate tariffs talks? Will Trump or China’s Xi initiate tariffs talks as trade war escalates? 07:26…

Starbucks makes layoffs, cuts drinks Starbucks to lay off 1,100 employees and cut drinks from its menu 01:53 Starbucks on…

Meta Platforms CEO Mark Zuckerberg took the stand Monday in a Washington, D.C., courtroom to defend his social media company…

Amid a tumultuous week in the markets, the outlook on President Trump’s trade and tariff policy hinges not just on…

JPMorgan Chase CEO Jamie Dimon said the U.S. economy faces a critical stretch, while also warning of the ongoing uncertainty…

The Trump administration’s volley of tariffs has U.S. companies scrambling for ways to absorb — and if possible avoid —…

Smartphones, computers and other electronics have been exempted from the Trump administration’s escalating trade war with China. According to a notice published…

All sense of survivors’ guilt was fleeting for those residents whose homes remained standing after wildfires ripped through the Los…

For China, soaring U.S. tariffs are a “joke,” as Chinese officials put it Friday in sharply hiking levies on American…

Rep. Marjorie Taylor Greene, an avid supporter of the Trump administration’s trade policies, not only bought stocks last week as…

Apple wants to get its iPhones into the hands of U.S. customers before tariffs could lead to hike prices.  The…

President Trump has shaken up stock markets around the world as he announced sweeping tariffs on what he dubbed “Liberation Day” last week, then partially…

The stock market exploded higher on Wednesday after President Trump said he would place a 90-day pause on his reciprocal…

President Trump’s tariffs on imports from dozens of countries came into force Wednesday, including 104% on goods from China, dramatically…

A core element of the protectionist trade policies President Trump announced last week — an import tax blitz on long-standing global trade…

It was another wild ride on Wall Street, with stocks swinging sharply Monday as economists raised the specter of a…

Jamie Dimon, the CEO of JPMorgan Chase, is speaking out President Trump’s sweeping tariffs, cautioning the levies could lead to higher…

Overseas financial markets plunged in early trading Monday, while U.S. stock futures came under renewed selling pressure after leading indexes…

Some of the new tariffs announced by President Trump earlier this week went into effect Saturday, triggering customs agents’ collections…

Frito-Lay issued a recall of some bags of Tostito’s tortilla chips, saying the snack foods may have been contaminated with…

Europe vowed retaliation. China plotted tariffs of its own. Mexico scrambled to blunt the blow. But while the world’s leaders…

Financial markets ended a tumultuous week with a thud, as stocks tumbled for a second straight day on concerns about…

Maseru, Lesotho — President Trump in March described Lesotho as a place “nobody has ever heard of,” and then this…

Amazon has told the White House it is interested in buying TikTok ahead of a key deadline by which its…

Inflation-weary Americans may soon find they’re paying more for a host of products after President Trump announced two new types…

Washington — President Trump on Wednesday announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported…

The May 7 deadline is looming to have a Real ID, which will be required to get into government buildings…

Hooters, the U.S.-based restaurant chain known for chicken wings and “Hooters Girls” skimpy wait-staff outfits, has filed for bankruptcy protection.…

Flight bookings between Canada and the U.S. are plunging amid rising trade tensions between the two allied nations. Demand, measured…

President Trump’s forthcoming tariffs on automobiles threaten to make cars more expensive, and some consumers are responding by heading to dealerships…

Wall Street tumbled on Monday ahead of President Trump’s plans to announce more tariffs on April 2, which he’s dubbed “Liberation…

U.S. District Judge Amy Berman Jackson issued a preliminary injunction Friday that blocks the Trump administration from dismantling the Consumer…

After a week that brought tough economic news and polling showing Americans’ views of the economy are still sour, most say President…

Crowds protesting billionaire Elon Musk’s purge of the U.S. government under President Trump began amassing outside Tesla dealerships throughout the…

Shawn Fain, the president of the United Automobile Workers, assailed a new executive order signed this week by President Trump…

North Liberty, Iowa — At the weekly senior lunch social in North Liberty, Iowa, chicken was on the menu, but Social…

The Trump administration is planning to impose a round of fresh tariffs on April 2, a day President Trump has…

President Trump on Wednesday announced 25% tariffs on vehicles and auto parts imported into the U.S. The new duties could lead to…

Some Social Security recipients could soon find themselves in the crosshairs of a policy that advocates for seniors say could…

President Trump on Wednesday said he will put a 25% tariff on automobiles and light trucks imported into the U.S., escalating…

23andMe customers who once turned over the most personal form of information to the company — their own genetic data…

Americans are increasingly anxious about their financial prospects, with a closely watched gauge of consumer confidence slumping to a 12-year…

President Trump’s nominee to run the Social Security Administration, Frank Bisignano, was questioned about customer service improvements, erroneous payments and…

23andMe, a formerly high-flying genetic testing company, announced Sunday that it was declaring bankruptcy and that it would seek a…

Stocks jumped in early trading Monday on reports that Trump administration tariffs set to take effect on April 2 could…

President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jet, which the Pentagon says will…

DoorDash and fintech company Klarna are joining forces to offer customers of the food delivery app the option of buying…

The family of a former Boeing quality control manager who police say killed himself after lawyers questioned him for days about his…

President Trump’s executive order on Thursday starting the process of dismantling the Department of Education could throw federal student loan…

Los Angeles — With a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico set to take…

Stocks are sliding in morning trade amid ongoing concerns about U.S. tariffs and signs that the American economy is faltering.…

Segway is recalling about 220,000 Segway scooters sold nationwide because the product’s folding mechanism can fail while in use, posing…

For President Trump, the barrage of tariffs the U.S. is ready to unleash on the country’s largest trading partners on…

The Federal Reserve held its benchmark interest rate steady on Wednesday, with Chair Jerome Powell saying there is “high uncertainty”…

The Federal Reserve famously hates to surprise financial markets. That’s why Wall Street forecasters overwhelmingly expect the U.S. central bank…

As tariff uncertainty continues to roil the stock market, some economists believe the U.S. could be headed toward a recession, a…

Chinese electric vehicle maker BYD says its new cars can be charged in almost the same time it takes to…

President Trump’s tariff policies could make building or renovating a home in the U.S. more expensive, according to builders.  The…

Retail sales across the U.S. rose a modest 0.2% in February, missing forecasts amid fears that the economy is slowing,…

Washington — Irish Taoiseach Micheál Martin said he hopes dialogue can resolve the trade war between the U.S. and the…

In its 266th year of brewing, Guinness is experiencing an unprecedented “golden age” in America, chugging its way to become…

U.S. consumer sentiment swooned in March to a more than two-year low, with a preliminary gauge released by the University…

Electric vehicle maker Tesla is warning that the Trump administration’s trade policies could be detrimental to U.S.-based EV companies.  In…

Some signs of the U.S. economy’s trajectory, including consumer sentiment plunging to a two-year low, U.S. stocks sinking and President Trump’s foreign trade…

Trader Joe’s is cautioning customers that some glassbottles of Gerolsteiner sparkling water sold in 12 states could be cracked or…

The Social Security Administration could soon lose as many as 10,000 workers, according to former agency leaders who expect a…

Even good news on U.S. inflation isn’t assuaging jittery investors focused on the risks of a burgeoning global trade war.…

Inflation in February rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to signal that…

Trading in U.S. stocks mostly rebounded Wednesday after government report showed that U.S. inflation slowed more than expected in February.…

Stocks racked up heavy losses for a second day on Tuesday in a volatile session that had investors fixated on…

Washington — President Trump said that he will impose even higher tariffs on Canada beginning on Wednesday, doubling the levy…

China’s retaliatory tariffs went into effect Monday, spelling trouble for American farmers by making U.S.-grown crops more expensive for their…

Despite a major federal investment to help egg and poultry producers bounce back from bird flu losses, finding eggs at…

Big Tech’s big bet on nuclear power – CBS News Watch CBS News Faced with increasing demand for energy to…

It might have seemed like one of the weirder headlines of 2024: Microsoft is paying $1.6 billion to restart Three…

Buying a car can be a fraught financial decision even in the best of times. Now, car shoppers are facing…

Federal Reserve Chair Jerome Powell said Friday that the central bank can remain patient in adjusting its benchmark interest rate,…

What is the best time to claim your social security? What is the best time to claim your social security?…

Employers across the U.S. added 151,000 jobs in February, below economists’ forecasts and pointing to a slowdown in the labor…

President Trump on Thursday said he will pause 25% tariffs on U.S. imports from Mexico and Canada that are covered…

Salt Lake City — Utah on Wednesday became the first state to pass legislation requiring app stores to verify users’…

President Trump is giving a one-month exemption to U.S. automakers from the round of tariffs that took effect on March…

The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that…

President Trump’s imposition of blanket 25% tariffs on all goods imported from Canada and Mexico drew swift vows of retaliation…

Kroger’s CEO resigns following investigation into personal conduct Kroger’s CEO resigns following investigation into personal conduct 00:33 Kroger CEO Rodney…

President Trump said on social media Sunday that his administration is working toward creating a “crypto strategic reserve” that will…

Hollywood has been re-inventing itself for more 100 years. Change is part of the culture. But a pocket-sized “Sunset Boulevard”?…

President Trump on Sunday named five cryptocurrencies under consideration for a new U.S. “strategic reserve,” sending their values skyrocketing and…

After years of railing against corporate greed on social media, John Schwarz had an idea that suddenly caught fire: an…

Social Security Administration workers are warning that the Trump administration’s plan to significantly shrink the agency could cause chaos and…

President Trump threatens major tariff increases on Mexico, Canada President Trump threatens major tariff increases on Mexico, Canada 04:42 Experts…

The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 2.5% in January on an annual basis, matching…

A large majority of Americans say their incomes aren’t keeping pace with inflation, as they report prices around them either…

President Trump on Tuesday unveiled a new pathway to residency: a “gold card” aimed at wealthy foreigners willing to pay…

Washington — Former GOP Rep. Lori Chavez-DeRemer’s nomination to lead the Labor Department under President Trump is all but certain…

Elon Musk’s Starlink satellite internet service could take over a Federal Aviation Administration contract to upgrade the nation’s air traffic…

U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said…

What is the best time to claim your social security? What is the best time to claim your social security?…

Signs luring customers to pop-up auctions with the possibility of getting fancy cars and fine jewelry at bargain prices have…

Tickets for Fyre Festival 2, a second iteration of the infamous Fyre Festival in 2017, are now available for sale…

Egg prices jumped more than 15% in January from a year ago, with a carton of eggs costing Americans roughly…

Ford and Rivian have issued recalls affecting a total of about 257,000 vehicles in the United States over separate seatbelt…

Tesla is recalling more than 376,000 vehicles because a possible loss of power steering that requires greater effort from the…

What to know about U.S food safety What to know about recall concerns, U.S food safety 02:34 At least 11…

Stocks tumbled on Friday after weaker-than-expected economic reports suggested that President Trump’s policies could be impacting U.S. business activity, while…

Tax filing season is upon us, and some people are worried it may take longer to get their refunds as…

Last fall, before being named the senior U.S. health official, Robert F. Kennedy Jr. said the Trump administration would liberate…