Possible TikTok ban leaves some small businesses concerned for their survival
Under the new law signed this week, ByteDance has nine to 12 months to sell the platform to an American owner, or TikTok faces being banned in the U.S.
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Under the new law signed this week, ByteDance has nine to 12 months to sell the platform to an American owner, or TikTok faces being banned in the U.S.
Secretary of State Antony Blinken embarked on a three-day trip to China this week, meeting with his Chinese counterpart and President Xi Jinping on Friday. Trade and national security were among the topics of discussion. CBS News national security contributor Sam Vinograd joins with analysis.
Secretary of State Antony Blinken met with Chinese President Xi Jinping and other senior officials in Beijing on Friday. CBS News chief White House correspondent Nancy Cordes has the details.
The once-popular clothing store Express filed for bankruptcy along with the arts and crafts retailer JOANN. They're just the latest middle-tier retailers to suffer as demand for high-end and budget stores grows. Jordyn Holman, business and retail reporter for the New York Times, joined CBS News to discuss the trend.
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why this actually might be good news for those looking for lower interest rates.
Tesla announced it will lay off nearly 2,700 workers at its factory in Austin a week after the company said it would cut more than 10% of its global workforce. The carmaker also said it plans to launch new, more affordable vehicles next year. That news boosted shares more than 10% in after-hours trading Wednesday.
The Federal Trade Commission officially banned new noncompete agreements Tuesday, giving workers who are considering quitting more options. The U.S. Chamber of Commerce plans to sue in response.
Secretary of Commerce Gina Raimondo is at the center of a global competition for semiconductor dominance. It's a battle that also puts her at the center of two of the hottest global national security hotspots. Lesley Stahl of 60 Minutes spoke with Raimondo for the broadcast.
A new CBS poll finds that most of the public favors the U.S. taking steps to address climate change. CBS News executive director of elections and surveys Anthony Salvanto breaks down the numbers.
U.S. officials, from the president to the Treasury secretary, are accusing China of pushing cheap goods. Mark Wu, professor of law at Harvard University, joins CBS News to examine how low-priced Chinese products could impact American businesses, workers and the global economy.
The U.S. economic blockade on Cuba is to blame for its migrant exodus, Cuba's Deputy Foreign Minister Carlos Fernández de Cossío told CBS News in an exclusive interview. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.
Senate rejects Mayorkas articles of impeachment; Biden pitches economic strategy to steelworkers
If you haven't filed your taxes yet, the deadline is quickly approaching with returns and extension requests due by Monday. IRS commissioner Danny Werfel joined CBS News to discuss tax season.
For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
The Wall Street Journal reports Americans are turning to social services helpline 211 in economic emergencies. Rachel Wolfe, consumer trends reporter for The Wall Street Journal, joins CBS News to discuss.
Inflation rose more than expected for the third straight month. Gas, rent and grocery prices are the major categories keeping inflation stubbornly high. Jo Ling Kent reports.
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more.
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
The 2024 eclipse also brought with it an economic boom for cities and towns in the path of totality. Millions of people from around the world traveled to get a glimpse of the celestial event. Janet Shamlian has more.
Treasury Secretary Janet Yellen held economic talks with Chinese officials in Beijing over the weekend, calling them "productive, direct and extensive." Scott Kennedy, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess what Yellen's trip to Beijing will mean for the relationship between the world's largest economies.
Treasury Secretary Janet Yellen is wrapping up her trip to China where she discussed economic policies that affect Americans and the Chinese. CBS News' Jo Ling Kent has the latest on the talks.
New data from the Labor Department shows the U.S. added 303,000 jobs in March, beating the Dow Jones estimated gain of around 200,000 jobs. CBS News business analyst Jill Schlesinger breaks down the numbers and acting Labor Secretary Julie Su joins CBS News with her reaction.
The White House wants to create a time system for the moon, in part to help promote economic opportunities for lunar travel.
Wall Street is closely watching the jobs report and next week's inflation data to predict when the Fed might cut rates.