Latest in Economic Downturn
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Employee Fears of an Economic Downturn Rise on Latest Data
Though recent bumps in joblessness, growth, and inflation data remain minor, workers still worry that Trump’s tariffs, mass federal employee layoffs, and spending cuts could tank the economy.Inc. - 12h -
Economic partnership will protect the Ukrainian people and the US taxpayer
Trump’s bold international leadership aligns interests and benefits allFinancial Times - 6d -
China government spending on citizens lags economic peers
Relatively low expenditure that directly supports individual consumption could undermine growth effortsFinancial Times - 6d -
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Satellite rivalries are politicising the world’s economic plumbing
Governments are increasingly wary of relying on foreign communication systemsFinancial Times - 4d -
Analyzing potential economic consequences of DOGE cuts
The Trump administration ordered the termination of more than 6,000 Internal Revenue Service employees last week. According to a local union, that includes roughly 1,000 IRS workers in Kansas City ...CBS News - 2d -
UK services exports shine amid economic gloom
Consulting is key to unlocking growth in the face of global headwinds, says analystsFinancial Times - 2d -
Why Americans are planning an "economic blackout" day
Activists are planning an "economic blackout" day on Feb. 28 to limit spending at major retailers. The move is part of a growing protest to rising prices across the nation. Betty Lin-Fisher, a ...CBS News - 1d -
Group calls for 'economic blackout' boycott Friday
Grassroots group People's Union USA is organizing a "blackout" boycott of major businesses on Friday to protest against corporate greed and high costs, with the goal of uniting Americans against ...The Hill - 17h -
Today’s ‘economic blackout’ is just performance art
If you want to change things, you have to get real.MarketWatch - 16h -
Why Americans are participating in an "economic blackout" day
Many Americans are protesting inflation and higher prices by refusing to spend money on Feb. 28 at major retailers. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 10h -
Here's what to know about the "Feb 28 Economic Blackout" protest
A grassroots effort is asking American consumers to refrain from making purchases at major retailers for one day in February.CBS News - Feb. 21 -
US stocks post worst slide in two months on gloomy economic data
Sentiment among businesses and consumers cools sharply as tariffs and inflation take a tollFinancial Times - Feb. 21 -
As consumer delinquencies rise, U.S. economic growth increasingly powered by the wealthy
Most official data continues to show the U.S. economy is humming along, with unemployment historically low and inflation expectations still relatively stable.NBC News - 6d -
Bessent says US-Ukraine deal has 'implicit' economic security guarantee
Treasury Secretary Scott Bessent said a U.S.-Ukraine deal featuring “strategic minerals, energy and state-owned enterprises” has an “implicit” economic security guarantee. “This deal is part of ...The Hill - 5d -
Consumer confidence plunged in February amid rising economic concerns
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.CBS News - 3d -
German Central Bank Loss Points to More Economic Woes for Germany
The central bank’s president said it was “not possible to rule out” a third year of no economic growth.The New York Times - 3d -
Ad giant WPP says economic uncertainty is building. Its stock is sliding.
WPP, the world’s largest advertising company, saw its shares plunge on Wednesday after it forecast that sales may drop this year.MarketWatch - 1d -
Trump’s threatened 25% tariffs on EU imports could trigger ‘economic turmoil’
US president’s plan could prove to be an economic shock to both blocs, German thinktank says. Business live – latest updates Donald Trump’s threatened 25% tariffs on EU imports could trigger ...The Guardian - 1d -
No add to cart: Shoppers launch 'economic blackout' to protest corporate corruption
An effort to encourage U.S. consumers to participate in a day of protest by not spending money Friday has picked up momentum online, with thousands of people across social media saying they plan to ...NBC News - 16h -
What to know about Friday's economic blackout planned against retailers
An economic blackout has been planned for Friday. The movement calls on consumers to avoid all unnecessary spending, especially at major retailers. The boycott aims to call attention to higher ...CBS News - 15h -
Friday’s ‘economic blackout’ is a fool’s errand — and gives ‘woke’ a bad name
Organized by the People’s Union USA, it aims to boycott major retailers for 24 hours.MarketWatch - 15h -
Economic Blackout: Does Paying in Cash Really Help Small Businesses?
A large consumer boycott aims to hit back at big businesses and banks. But many small companies have moved away from cash.Inc. - 11h -
Who is John Schwarz, the man behind today's "Economic Blackout"?
The man who launched the Economic Blackout said he is "trying to cause economic resistance, against the corporations and politicians, to stand for the people."CBS News - 11h -
‘Trump Bump’ in Stocks Faded in February Amid Economic Anxiety
A bounce in the S&P 500 on Friday afternoon wasn’t enough to pull the index out of the red for the month.The New York Times - 10h -
Home price growth has slowed. But high costs, economic worries have some buyers retreating
High prices and economic uncertainty are factors pulling homebuyers back out of the housing market, experts say.CNBC - Feb. 20 -
Warning of economic uncertainty as Walmart stocks tumble after retailer lowers sales outlook
CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to analyze a possible sign that the economy could slip back this year due to lower consumer spending. Walmart's yearly sales ...CBS News - Feb. 21 -
S&P 500 and Dow slide in worst day of 2025 amid economic worries
Stocks fell sharply after reports signaled concerns that President Trump's policies could be impacting the U.S. economy.CBS News - Feb. 21 -
Dow drops 700 points for worst day of 2025 so far on new fears about economic growth
Stocks sold off on Friday as new U.S. data sparked concern among investors over a slowing economy and sticky inflation, leading them in search of safer assets.NBC News - Feb. 21 -
Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.CNBC - 4d -
10-year Treasury yield ends at nearly 11-week low as economic concerns build
Yields on 2- and 10-year U.S. government debt fell for a fifth straight session on Tuesday as traders considered the risks of slowing global growth and a potential domestic recession.MarketWatch - 3d -
Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening
Initial filings for unemployment benefits hit their highest level of the year last week.CNBC - 1d -
Friday’s ‘economic blackout day’ boycott shows shoppers are fed up with high prices. Will it hit retailers where it hurts?
One day can make a difference to retailers, but the biggest impact of the 24-hour economic blackout protest could be the message it sends about the mood among consumers right now.MarketWatch - 14h -
The People’s Union USA’s ‘Economic Blackout’ Organizer Served Jail Time on Sex Charge
John Schwarz, who organized a viral shopping boycott, was previously registered as a sex offender after pleading guilty to “disseminating voyeuristic material.”The New York Times - 11h
