Latest in Bubble U.s Inflation
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High snow totals for U.S. as another system moves East
A break from the snow in the Northeast may come to a close as another weather system threatens parts of the U.S. CBS News' Rob Marciano looks at the weather impact.CBS News - Dec. 3 -
U.S. woman accused of fatally stabbing man who she says groped her at German train station
An American woman is accused of fatally stabbing a man at a train station in southwest Germany, over 60 miles south of Frankfurt.NBC News - Dec. 3 -
U.S. officials urge Americans to use encrypted apps amid cyberattack that exposed live phone calls
Amid an unprecedented cyberattack on telecommunications companies such as AT&T and Verizon, U.S. officials have recommended that Americans use encrypted messaging apps to ensure their ...NBC News - Dec. 3 -
Alleged North Korea operative uncovered in the U.S.
The Department of Justice has charged a Chinese national for working as a North Korean operative to ship guns and ammunition from the U.S. for a potential attack against South Korea. CBS News' Rob ...CBS News - Dec. 3 -
U.S. charges Chinese national for exporting guns and ammo to North Korea
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.CBS News - Dec. 3 -
U.S. looks to end subminimum wage for workers with disabilities
A Biden administration proposal would phase out a program that lets employers pay some workers less than $7.25 an hour.CBS News - Dec. 3 -
U.S. investors watch French budget mess amid memories of eurozone debt crisis
Bond-market participants in the U.S. and abroad were zeroing in Tuesday on the possibility that French Prime Minister Michel Barnier’s government could fall and assessing whether this could turn ...MarketWatch - Dec. 3 -
China Announces a Ban on Rare Minerals to the U.S.
The move escalates supply chain warfare and comes a day after the Biden administration expanded curbs on the sale of advanced American technology to China.The New York Times - Dec. 3 -
China bans exports to U.S. of some materials for electronics manufacturing
China has banned exports to the U.S. of some materials essential to the manufacturing of electronics and some military equipment. It comes in response to Washington's chip sanctions on Beijing. CBS ...CBS News - Dec. 3 -
Tiger Woods believes U.S. Ryder Cup players deserve to be paid ... under one condition
Discussions of paying U.S. Ryder Cup players stretch back to 1999CBS Sports - Dec. 3 -
Job openings rise and more workers quit in sign of improving U.S. labor market
U.S. job openings rose slightly in October and the number of workers quitting one job for another rose to the highest level in five months, suggesting the labor market has improved after a soft ...MarketWatch - Dec. 3 -
Biden’s Christmas present for Trump: Sticky inflation
President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.The Hill - Dec. 3 -
'Realistic' green policies good for the U.S., Aramco CEO says, with Trump to return to White House
Trump has pledged to "end Biden's delays in federal drilling permits and leases that are needed to unleash American oil and natural gas production."CNBC - Dec. 3 -
South Korean won falls sharply against the U.S. dollar after president declares martial law
South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared martial law.CNBC - Dec. 3 -
Is the Stock Market Bubble About to Pop?
Investor euphoria is soaring, but strategists remain hesitant to call it too frothy.Inc. - Dec. 3 -
Trump's Threat Over an Imaginary Currency Risks Backfiring on the U.S. Dollar
After his 100% tariffs warning to Brics nations, some economists say the president-elect risks accelerating the pursuit of alternatives to the greenback.The Wall Street Journal - Dec. 3 -
Biden delivers remarks on the relationship between Angola and the U.S.
Watch live coverage as President Biden delivers remarks to honor the past and future of the relationship between the United States and Angola during his trip to Africa.NBC News - Dec. 3 -
Winter storm blasts Great Lakes region as temperatures dip across parts of U.S.
A snowstorm slammed a portion of the Great Lakes region, bringing up to 4 feet of snow. In Chautauqua County, New York, more than 55 inches of snow fell in the last four days. Meanwhile, freezing ...CBS News - Dec. 3 -
Trump repeats vow to 'block' Nippon Steel's bid for U.S. Steel
While he made similar statements on the 2024 campaign trail, it was the first time that Trump had spoken about the deal since he won a second presidential term last month.CNBC - Dec. 3 -
Trump vows to block U.S. Steel's takeover by Japan's Nippon Steel
President-elect Donald Trump said he is "totally against" Japan's Nippon Steel buying U.S. Steel.CBS News - Dec. 3 -
‘Contrarians aren’t being rewarded,’ and short sellers of U.S. stocks are giving up, says Citigroup
Strategists at Citigroup say investors are increasingly giving up on bets against the U.S. stock market.MarketWatch - Dec. 3 -
Missing U.S. climbers' gear found on New Zealand's highest peak
Silverton Avalanche School in Colorado said it had been notified that the climbers "appear to have taken a fatal fall from high upon the peak."CBS News - Dec. 3 -
U.S. Steel shares drop on Trump’s pledge to block Nippon Steel takeover
U.S. Steel Corp. shares fell 7% in Tuesday’s pre-market trading session after President-elect Donald Trump pledged to block Nippon Steel’s plans to acquire the 123-year-old Pittsburgh-headquartered ...MarketWatch - Dec. 3 -
Trump Says He Will Block Nippon Steel’s Acquisition of U.S. Steel
The announcement reiterated sentiments the president-elect expressed on the campaign trail, and further imperiled a deal that had already run into widespread political opposition.The New York Times - Dec. 3 -
Trump reportedly jokes Canada could be 51st U.S. state if tariffs wreck economy
Trump outlined his plans to place 25% tariffs on all Canadian goods imported into the U.S., in a meeting with Trudeau at Mar-a-LagoMarketWatch - Dec. 3 -
Three climbers from the U.S. and Canada are missing on New Zealand’s tallest peak
Three mountain climbers from the U.S. and Canada are missing after they did not return from their planned summit of New Zealand’s tallest mountain, Aoraki.NBC News - Dec. 3 -
China's AI balancing act — beating the U.S. but keeping the tech from threatening Beijing's rule
Prominent AI scientist Max Tegmark said the narrative of a geopolitical battle between the U.S. and China racing to build the smartest AI is a "suicide race."CNBC - Dec. 3 -
U.S. announces new export controls on China's chip industry
The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies.NBC News - Dec. 3 -
Trump says he will block Japanese firm's takeover of U.S. Steel
President-elect Donald Trump said Monday that he would block a Japanese company’s $15 billion bid to acquire U.S. Steel.NBC News - Dec. 3 -
Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
Shares of major Asian chip stocks mostly rose on Tuesday, shrugging off the U.S. announcing new emiconductor export controls on China.CNBC - Dec. 3 -
U.S. Sending $725 Million in Arms to Ukraine, Including More Land Mines
The package, the largest since April, comes amid deep concerns in Ukraine that the Trump administration may cut off aid. The president-elect has vowed to end the war quickly, but has not said how.The New York Times - Dec. 3 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
U.S. 10-year Treasury yield is little changed as investors look to key labor data this week
Investors awaited economic data, expected to be published through the week, including labor and manufacturing insights.CNBC - Dec. 2 -
Which College Football Teams Are on the Playoff Bubble?
Alabama is in danger of missing out on a 12-team playoff in its first season since Nick Saban’s retirement.The New York Times - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2 -
U.S. oil prices log modest gains on upbeat China data, ahead of OPEC+ meeting
Global oil prices ended little changed Monday, while U.S. prices posted a modest gain as upbeat manufacturing data from China lifted prospects for energy demandMarketWatch - Dec. 2 -
AC/DC's Power Up tour, its first U.S. run in nine years, will stop at the Rose Bowl
AC/DC's Power Up tour will hit 13 stadiums in North America in the spring, including the Rose Bowl in Pasadena on April 18.Los Angeles Times - Dec. 2 -
Biden makes history as the first U.S. president to visit Angola
President Joe Biden will make history Monday as he becomes the first ever American head-of-state to visit the west-African nation of Angola.NBC News - Dec. 2