Latest in Impacting Economy
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How new tariffs could impact prices and your wallet
As new tariffs take effect, Americans are watching for potential price increases on everyday goods. CBS News business analyst Jill Schlesinger explains how the tariffs are connected and what they ...CBS News - 2d -
NFL free agency 2025: Biggest moves that could impact remainder of the offseason
The ripple effect of these early moves could reshape the NFL in 2025CBS Sports - 2d -
Oceanographers study the impact of toxic ash from the L.A. wildfires
By coincidence, a Scripps Institute of Oceanography research ship pulled up to Los Angeles as the deadly wildfires were burning thousands of homes, incinerating plastic, paint, asbestos and car ...CBS News - 1d -
Campbell’s joins list of consumer companies baffled over specific tariff impacts
Campbell’s said it’s currently too difficult to estimate how tariffs will affect prices and sales.MarketWatch - 1d -
Business owner worries over impact of President Trump's new tariffs
Following President Trump's new tariffs against Mexico, Canada and China, some companies, like Best Buy and Target, say price hikes are expected. The head of a Canadian company who supplies molds ...CBS News - 1d -
Fears DOGE cuts could impact housing assistance programs
With expected staffing and budget cuts looming at the Department of Housing and Urban Development, there are fears some housing assistance programs could lose funding. In Kansas City, officials ...NBC News - 16h -
Toxic ash from L.A. wildfires could impact fish, marine life
After the deadly Los Angeles area wildfires, there's growing concern about the nearby marine ecosystems. The ash and runoff from the fires settled over the Pacific Ocean for up to 100 miles. CBS ...CBS News - 13h -
Jobs lost and lifesaving cures not discovered: Possible impacts of research cuts
Ripple effects of the Trump administration's crackdown on U.S. medical research promise to reach every corner of AmericaABC News - 4h -
How "asteroid detectives" protect Earth from potential impacts
NASA was recently tracking a large asteroid, known as the "city killer," after finding a small chance of it hitting Earth in 2032. NASA says it "no longer poses a significant threat" in an ...CBS News - 2h -
What to know about potential cuts to Medicaid and how it could impact you
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss potential cuts to Medicaid. As Congress works on a federal budget, Republicans are looking to slash $2 trillion in ...CBS News - 1h -
Moscow loathed the U.S. for years as its economy paid a high price for war — now, it’s doing a U-turn
Moscow has denigrated the United States' leadership, economy and culture — but now things are changing amid a "revival" of Russia-U.S. relations.CNBC - Feb. 20 -
Germany’s election will usher in new leadership — but might not turn tides for the country's struggling economy
Friedrich Merz has criticized Olaf Scholz on the economy, but experts question if a government led by the Christian Democratic Union would fare much better.CNBC - Feb. 21 -
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - Feb. 21 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration's federal mass job cuts may amount to the largest in history. That has financial ramifications for households and the economy.CNBC - Feb. 23 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration’s purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local ...NBC News - Feb. 23 -
Why the Apollo economist who coined ‘no landing’ now sees intensifying risks to the U.S. economy
Policy uncertainty is no friend to animal spirits, says a leading economist.MarketWatch - Feb. 24 -
‘I have fear of financial insecurity’: I’m 58, recently widowed with $1 million saved for retirement. What if the economy tanks?
“My pension after taxes is estimated at $6,500 per month. I’m eligible at age 60 to access $2,400 per month of my husband’s Social Security.”MarketWatch - Feb. 25 -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday.NBC News - Feb. 25 -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
The board's Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.CNBC - Feb. 25 -
'The knowledge economy is on the way out.' These are the skills workers will need in the age of AI, says LinkedIn
Skills such as creativity, curiosity, courage, compassion and communication will be key as AI continues to disrupt workforces, said LinkedIn's Aneesh Raman.CNBC - Feb. 26 -
Ukraine’s economy could grow by 5% next year if hostilities end, EBRD says
European reconstruction bank will help rebuild country if peace is agreed but a lasting end to conflict is needed. The war-torn Ukrainian economy could expand by 5% next year if a ceasefire is ...The Guardian - Feb. 27 -
Trump administration briefing: hundreds fired from US climate agency as Americans feel economy getting worse
Democrats warn that cutting jobs at Noaa ‘will cost American lives’ – key US politics stories from Wednesday at a glance. The Trump administration has fired hundreds of workers at the National ...The Guardian - 6d -
Trump can’t fulfil his promise to fix the economy, so he’s blaming workers instead
Forget about inflation. Now it’s all about cutting ‘waste’ in the form of jobs and our already paltry social safety net. During his presidential campaign, Donald Trump never missed an opportunity ...The Guardian - 6d -
Closely watched Atlanta Fed GDP tracker sees U.S. economy contracting in first quarter
This would be the first negative quarter in three years, and comes as talk of a possible recession picks up.MarketWatch - 5d -
The economy’s at risk of plunging into an air pocket, says JPMorgan. What that would mean for stocks.
Investors are brushing aside the possibilities of more turbulence to come for the U.S. economy and potential fallout for markets, warns JPMorgan.MarketWatch - 3d -
Trump’s tariff talk is raising inflation and could weaken the economy, ISM finds: ‘Customers are pausing on new orders’
The specter of rising U.S. inflation reared its head in February as the cost of supplies for U.S. manufacturers jumped to more than a 2 1/2-year high in response to new or threatened tariffs by ...MarketWatch - 3d -
The top 10% of Americans are propping up the economy. Here’s what will happen if they stop spending.
The wealthy are spending, but many consumers are pulling back — and the stock market is fragile.MarketWatch - 2d -
How Does Warren Buffett Think Tariffs Will Affect the U.S. Economy? He Just Called Them an ‘Act of War’
President Trump says tariffs on Canada and Mexico will begin Tuesday. Here’s what Warren Buffett thinks of the idea.Inc. - 2d -
Bank of England governor says risks to UK, global economy from trade wars ‘substantial’ – as it happened
Andrew Bailey says ‘essential that we don’t abandon multilateralism;’ European stock markets, euro rally after Germany announces fiscal ‘bazooka’. German stock markets are surging while the ...The Guardian - 1d -
U.S. economy is still growing, ISM says, even as Trump tariffs generate ‘great uncertainty’ and fuel further inflation
The large service side of the U.S. economy that employs most Americans grew in February, but businesses said they were nervous about the Trump tariffs and were already facing higher costs.MarketWatch - 1d -
Germany's fiscal U-turn could be a 'game changer' for the country's sluggish economy, analysts say
Leaders of the likely incoming coalition government announced plans to reform the debt brake and create a special investment fund.CNBC - 1d -
Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank
Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies. A full-blown trade war would pose a “substantial” threat to the British economy, Bank ...The Guardian - 23h -
ECB cuts rates again and warns trade war fears are hurting Europe’s economy
Quarter-point cut to deposit rate, to 2.5%, comes as Trump prepares to impose tariffs on EU exports to US. Business live – latest updates The European Central Bank has cut interest rates ...The Guardian - 49m -
‘The impact has been devastating’: how USAid freeze sent shockwaves through Ethiopia
Ethiopia was the largest recipient of US aid assistance in sub-Saharan Africa before Donald Trump froze funding last month. From food and health to support for refugees and sexual abuse survivors, ...The Guardian - Feb. 21 -
Delayed flights, NFL advice and epic rants: How traveling in expanded conferences is impacting teams
College basketball coaches in the ACC, Big Ten and Big 12 are dealing with cross-country travel following conference realignmentCBS Sports - Feb. 21 -
Three ripple effects of Victor Wembanyama injury: How season-ending diagnosis impacts Spurs, DPOY race, more
Wembanyama's injury changes quite a bit for the Spurs and the rest of the leagueCBS Sports - Feb. 21 -
Mental health agency loses 1 in 10 to DOGE cuts, 988 hotline team impacted
Around 100 were fired from the Substance Abuse and Mental Health Services Administration.CBS News - Feb. 21 -
Here's how IRS layoffs could impact your tax filing and refund this season
Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending.CNBC - Feb. 21 -
10 Yankees players who were most impacted by team's facial hair policy: Johnny Damon, Randy Johnson, more
With the Yankees lifting their ban on beards, we're looking at 10 notable players who were forced to shaveCBS Sports - Feb. 21 -
FDA says Ozempic, Wegovy are not in short supply anymore, which could impact prices
The U.S. Food and Drug Administration said Ozempic and Wegovy, the popular GLP-1 drugs for diabetes and weight loss, are no longer in short supply. CBS News New York reporter Ali Bauman reports on ...CBS News - Feb. 22