Tag: Economy
Last Kmart store closes down
Shoppers bid farewell to the final Kmart store in Bridgehampton, New York, while snagging great deals before the store shut its doors for good. Shanelle Kaul has the story.
Despite signals the U.S. economy is strong, voters are wary
Wall Street has seen six straight weeks of gains and with unemployment near a 50-year low, there are signs the economy is strong. However, the cost of everyday essentials is still a top-of-mind issue for voters, and although the rate of inflation is at a...
European Central Bank cuts key rate to lowest level in 3 years
The interest rate cut is the European Central Bank's third since June and shows optimism among rate-setters over the path of inflation.
Alimentation Couche-Tard makes revised offer for 7-Eleven owner
The convenience store giant behind Circle K is not giving up its hope of taking over the Japanese owner of its international rival, 7-Eleven.
What unexpected surge in jobs report means for the U.S economy
The Labor Department reported an unexpectedly large surge in new job creation, with employers adding 254,000 jobs in September. That's far above what was projected by economists. Jo Ling Kent explains.
Expert on financial advice to help parents save money
In her new weekly segment on
Breaking down the VP debate between Walz and Vance
CBS News chief political analyst John Dickerson breaks down the vice presidential debate between Minnesota Gov. Tim Walz and Sen. JD Vance.
Trump, Harris highlight economic policies
Vice President Kamala Harris and former President Donald Trump are both highlighting their economic proposals in campaign stops this week. Robert Costa has the details on both candidates' plans.
Chinese central bank injects stimulus in bid to boost flagging economy
The broader-than-expected package offering more funding and interest rate cuts marks the latest attempt by policymakers to restore confidence in the world's second-largest economy.
Inflation concerns weigh heavily on voters
Many Americans are voting with their wallets this year, which is unsurprising considering the U.S. economy consistently polls as a top concern. Vice President Kamala Harris and former President Donald Trump are offering vastly different proposals for solv...
Bank of England holds key rate after U.S. Fed makes 1st cut in 4 years
The Bank of England kept its benchmark interest rate on hold at five per cent on Thursday, mere hours after the U.S. Federal Reserve had delivered an oversized rate cut.
How the “YIMBY” movement seeks to address America’s housing crisis
Due to a nationwide shortage, many prospective homeowners have been unable to get into the home of their dreams. A growing nationwide coalition of pro-housing advocates part of the
Weakening economy pushes European Central bank to another rate cut
The ECB lowered its deposit rate by 25 basis points in a widely telegraphed move, following up on a similar cut in June as inflation is now within striking distance of its target.
Couche-Tard ‘disappointed’ after 7-Eleven owner rejects takeover offer
The Quebec-based Couche-Tard argued its proposal offers clear strategic and financial benefits and it believes the two companies can reach a mutually agreeable transaction.
Reality check: What’s up with the economy?
The economy is the number one issue for voters going to the ballot box this November, and polls say most Americans, when asked about the economy, are pessimistic. But according to many economic indicators, the economy is actually doing quite well. So, why...
