Latest in Service Economy
Sort by
198 items
-
CNBC Daily Open: U.S. markets slump as Trump dismisses economic fears
Aiming to boost the economy, U.S. President Donald Trump is firing off a salvo of policies and causing collateral damage within the country’s own borders.CNBC - 2d -
Trump Intensifies ‘51st State’ Threats in Attack on Canada
The U.S. president on Tuesday reiterated his claims on Canada’s territory as he increased tariffs, threatening to bring the country’s economy to its knees.The New York Times - 1d -
Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies
Mnuchin, who served under Trump in the Republican's first term in office, said does not see signs of an imminent slowdown for the U.S. economy.CNBC - 16h -
S&P 500 closes higher on soft inflation report; Nasdaq jumps 1% as traders snap up tech shares
The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares.NBC News - 10h -
How did deadly Syria clashes start and who is responsible for civilian killings?
More than 1,000 people are believed to have died so far in fighting between security services and Assad loyalists. Clashes between Syrian security services and fighters loyal to the ousted Assad ...The Guardian - 2d -
Can Matchmaking Platforms Save Us From Dating App Fatigue?
Big Dating got singles hooked on convenience culture. But finding a partner is work—and a batch of matchmaking services think they’ve cracked the code for partnership.Wired - 5d -
USCIS employees asked to volunteer to help ICE operations
U.S. Citizenship and Immigration Services employees were asked to sign up for 60-day assignments — or what the government calls "details" — to assist ICE.CBS News - 4d -
HHS sends all employees a $25,000 voluntary buyout offer
Health and Human Services employees were offered voluntary buyouts to resign from their jobs on Friday night, according to a person who received the email and an administration official.NBC News - 4d -
He Was Once a Covert Taliban Operative. Now He’s the Friendly Taxman.
Abdul Qahar Ghorbandi, head of Afghanistan’s Taxpayers Services Directorate, has the hard job of raising money in an impoverished country hobbled by international sanctions.The New York Times - 4d -
Trump 2nd term live updates: Trump defends tariffs, declines comment on Ukraine aid
President Donald Trump signed an executive order on Friday limiting who is eligible to benefit from the Public Service Loan Forgiveness program.ABC News - 3d -
Amazon to begin streaming Trump's 'The Apprentice'
Amazon has announced it will begin streaming "The Apprentice" — the reality TV show famous for boosting Donald Trump's profile — on its Prime Video service on Monday.NBC News - 2d -
More NOAA Employees May Be Let Go, Making 20% of Staff Cut
Together with recent firings and resignations, the new cuts could hamper the National Weather Service’s ability to produce lifesaving forecasts, scientists say.The New York Times - 2d -
12 dead, dozens hurt as bus overturns, passengers thrown on highway in South Africa
Emergency services say at least 12 people died and 45 were injured when a bus overturned on a highway in the South African city of JohannesburgABC News - 1d -
Federal Agency Dedicated to Mental Illness and Addiction Faces Huge Cuts
The Substance Abuse and Mental Health Services Administration has already closed offices and could see staff numbers reduced by 50 percent.The New York Times - 3h -
‘A new phase’: why climate activists are turning to sabotage instead of protest
Tougher laws said to be inspiring clandestine attacks on the ‘property and machinery’ of the fossil fuel economy. It was raining and the sparkling lights of the City of London shone back from the ...The Guardian - 5d -
German election winner Merz moves step closer to forming government
Conservative bloc and SPD to start full coalition talks as chancellor-in-waiting plans to revive ailing economy. Germany’s conservative election winner, Friedrich Merz, came a step closer on ...The Guardian - 4d -
The Price of Milk: Immigrants Behind American Dairy | CBS Reports
The economy and immigration are two of the biggest issues on the minds of Americans, but we rarely get a look behind the scenes to see how these key forces in American life intersect. CBS News Race ...CBS News - 3d -
Trump doesn't rule out recession, rising inflation
In an interview with Fox News, President Trump acknowledged inflation could continue to rise and wouldn't say whether or not he thinks the U.S. economy could fall into a recession. Nikole Killion ...CBS News - 3d -
Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Volatility soars and shares slide after Beijing imposes tariffs on imports of agricultural goods from America. Analysts at investment bank Jefferies remain optimistic about the prospects for the ...The Guardian - 2d -
Risk of ‘Trumpcession’ rising, economists say, as global markets fall
Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investors. Business live – latest updates The risk that the US economy will enter recession this year is rising, according ...The Guardian - 2d -
Trump economic adviser: 'First quarter is going to squeak into the positive category'
National Economic Council Director Kevin Hassett said Monday the “first quarter is going to squeak into the positive category,” even as anxieties around the economy rise nationwide. Stocks were ...The Hill - 2d -
Trump’s first 50 days: Stocks suffer worst start to a presidential term since 2009
The first 50 days of President Donald Trump’s second term brought heightened volatility to financial markets already worried about slowing economic growth in the world’s largest economy.MarketWatch - 2d -
Stocks are falling as Trump comments on risks of a recession
Stocks are still tumbling as President Trump leaves the door open for a potential recession in the U.S. economy, and as other nations unleash retaliatory tariffs. This comes as the United Auto ...CBS News - 2d -
U.S. stocks fall as recession fears grow
The Dow Jones shed nearly 900 points on Monday as tariffs, mounting federal layoffs and consumer confidence started to weigh on the economy. Adding to the chaos is the potential for another ...CBS News - 2d -
Cracks are emerging in the idea of America's economic exceptionalism
The U.S. economy and equity markets may be underperforming this year due to a surge in policy uncertainty, a decline in consumer sentiments, a delay in business investment, and a gradual weakening ...The Hill - 1d -
White House says U.S. is in 'period of economic transition' amid recession fears
White House press secretary Karoline Leavitt told reporters that the U.S. economy was in a "period of economic transition" and criticized the economic policies of the Biden administration amid ...NBC News - 1d -
Short-term Treasury yields remain near mid-October lows as investors await CPI report and more tariff talks
Bond yields ended higher Tuesday as investors monitored the tariff front, awaited a key inflation report out Wednesday and stayed on guard about a slowing U.S. economy.MarketWatch - 1d -
Lutnick says Trump tariffs 'worth it' even if they lead to recession
Commerce Secretary Howard Lutnick said Tuesday that President Trump’s tariff policies will be worth it, even if the economy ends up in a recession. In an interview that aired Tuesday, CBS News’s ...The Hill - 1d -
Trump’s Tariffs on Steel and Aluminum Take Effect
President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.The New York Times - 22h -
How concerned should Americans be about a potential recession?
President Trump's tariffs and a string of rough days on Wall Street are stoking anxiety over a possible recession in the United States. Kristin Myers, editor-in-chief for ETF.com, joined CBS News ...CBS News - 18h -
Navarro: US in 'difficult transition from Bidenomics to Trumpnomics'
Peter Navarro, a senior trade adviser to President Trump, said Wednesday that the U.S. is “in a difficult transition from Bidenomics to Trumpnomics.” “Help us understand, what is the bigger picture ...The Hill - 8h -
A breakdown of major EPA deregulatory moves around water, air, climate
Environmental Protection Agency Administrator Lee Zeldin on Wednesday announced nearly three dozen deregulatory moves that he said would spur the U.S. economy by rolling back rules that have ...ABC News - 5h -
Brush fires erupt in New York amid strong winds
Brush fires have erupted in Long Island and near Brooklyn as strong winds in New York created an elevated risk of fire spread Saturday, according to the National Weather Service.NBC News - 4d -
Here's the biggest news you missed this weekend
All employees of the Department of Health and Human Services, overseen by Secretary Robert F. Kennedy Jr., received unsigned emails Friday night offering them a “voluntary separation incentive ...NBC News - 3d -
Here's what is in the House GOP's plan to avoid a partial government shutdown
Another government shutdown is looming. If there's no deal by Friday, there will be a partial shutdown with major implications from military paychecks to air travel. Over the weekend, House ...CBS News - 2d -
DOGE’s AI App Replacing Fired Federal Workers Proves ‘About as Good as an Intern’
After mass firings at the General Services Administration, DOGE issued remaining staff an app to take up the excess work — but severely limited its use to a handful of repetitive tasks.Inc. - 2d -
Elon Musk claims ‘massive cyber-attack’ caused X outages
Billionaire owner speculates ‘coordinated group/and or country’ involved after platform was unresponsive for many. Elon Musk claimed on Monday afternoon that X was targeted in a “massive ...The Guardian - 2d -
HHS offers buyout option for workers who quit, source says
All employees at the U.S. Department of Health and Human Services received an offer of a $25,000 payment if they choose to voluntarily resign, a source familiar with the situation told CBS News. ...CBS News - 2d -
Why hospitals are increasingly treating patients at home
There are more than 380 approved hospital-at-home programs in 39 states, according to the Centers for Medicare & Medicaid Services. In overcrowded hospitals, the programs can help free up needed ...CBS News - 2d -
NOAA cuts raising concerns over public safety
Another wave of mass firings could be hitting the National Oceanic and Atmospheric Administration. The agency, which includes the National Weather Service, could ultimately lose about 20% of its ...CBS News - 2d