Category: Economy

Vinted sales soar to £1bn amid bargain hunting sec...

DO NEWSFEED Apr 9, 2026 0 31

Vinted chief executive Thomas Plantenga suggested the second-hand selling app could see an uptick in transactions should the Iran ...

Economy

Labour cuts red tape on EV charging points by slas...

DO NEWSFEED Apr 9, 2026 0 35

Ministers promise it will also accelerate the installation process, meaning new devices can be fitted in just days rather than wai...

Economy

Lawmakers call for CFTC crackdown on prediction ma...

DO NEWSFEED Apr 8, 2026 0 35

Prediction market bets on the fate of U.S. service members are "morally corrupt and completely unacceptable," one lawmaker said.

Economy

Oil prices, stocks swing sharply ahead of Trump's ...

DO NEWSFEED Apr 8, 2026 0 32

"This is a potentially huge market event like no other. It's a known unknown with a clock," one investment adviser said.

Economy

Average cost to raise a child now tops $300,000, s...

DO NEWSFEED Apr 8, 2026 0 34

Raising a child through age 18 is most expensive in Hawaii, where a family would spend an estimated $412,661 in 2026, LendingTree ...

Economy

Delta hikes bag check fee by up to $50 as jet fuel...

DO NEWSFEED Apr 8, 2026 0 33

Delta is the third major U.S. carrier to hike its bag fees, as airlines face surging jet fuel costs and other headwinds from the I...

Economy

Oracle hires new CFO with $950K salary as thousand...

DO NEWSFEED Apr 8, 2026 0 37

Oracle reinstates the CFO role by hiring Hilary Maxson from Schneider Electric as the company reportedly lays off thousands amid a...

Economy

I'm 73 and a victim of a National Insurance glitch...

DO NEWSFEED Apr 6, 2026 0 31

I asked for a reconsideration 14 months ago on a decision by HMRC about NI credits. My state pension is £625 a month. I would like...

Economy

The state pension rises by up to £575 today but 8....

DO NEWSFEED Apr 6, 2026 0 28

Millions of retirees will be awarded a chunky 4.8 pc increase to their state pension from today. As energy bills are poised to cli...

Economy

Good Hair Days ahead for GHD as lustrous locks def...

DO NEWSFEED Apr 6, 2026 0 29

GHD and other companies like it are gambling on demand for expensive beauty products of every sort remaining strong in a tough eco...

Economy

3 ways the Iran war is hitting Americans' pocketbo...

DO NEWSFEED Apr 6, 2026 0 45

U.S. consumers are starting to feel the financial impact of the Iran war. Here's how the conflict is seeping into the economy.

Economy

Employers added 178,000 jobs in March, blowing pas...

DO NEWSFEED Apr 6, 2026 0 32

Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted...

Economy

Sauté pans sold at Costco recalled after metal cap...

DO NEWSFEED Apr 6, 2026 0 36

One consumer reported sustaining bruising and burn injuries.

Economy

Chicago Fed's Goolsbee says he sees inflation as r...

DO NEWSFEED Apr 6, 2026 0 34

Goolsbee, president of the Federal Reserve Bank of Chicago, said mounting inflation risks "complicates the picture" on interest ra...

Economy

See which stores are open and closed for Easter 20...

DO NEWSFEED Apr 6, 2026 0 36

Some major retailers and other stores will close their doors on Easter, so it's best to plan ahead. Here's what to know.

Economy

US taps millions more barrels from strategic reser...

DO NEWSFEED Apr 6, 2026 0 29

The U.S. Energy Department plans to loan 10 million more barrels from the Strategic Petroleum Reserve as the Iran conflict sends o...

Economy

GM to boost pickup truck production in Michigan am...

DO NEWSFEED Apr 6, 2026 0 34

GM plans to run its Flint Assembly plant six days a week starting in June, mandating overtime for 4,200 workers to boost heavy-dut...

Economy

Meta's Bay Area layoffs affect roughly 200 workers...

DO NEWSFEED Apr 6, 2026 0 36

Meta is cutting approximately 200 jobs in the San Francisco Bay Area as the company restructures teams and invests heavily in AI i...

Economy

Saks Global expects to exit bankruptcy this summer...

DO NEWSFEED Apr 6, 2026 0 30

Saks Global secured a $500 million financing commitment from capital partners, and the luxury retailer plans to emerge from Chapte...

Economy

Our pension investments are down 10% thanks to the...

DO NEWSFEED Apr 3, 2026 0 31

My wife and I are in a bit of a panic over events in the Middle East and the impact this is having on our pensions.

Economy

Blue Whale manager: How I avoided the AI slump and...

DO NEWSFEED Apr 3, 2026 0 33

Stephen Yiu was among the first wave of investors to see the potential gains from artificial intelligence for companies and their ...

Economy

Why investors are worried by the murky shadow bank...

DO NEWSFEED Apr 3, 2026 0 38

Blue Owl Capital, a private credit investment firm, has been hit by demands from investors to pull out $5.4bn (£4bn) from two of i...

Economy

Former engineer Geoff has a £23,000 state pension ...

DO NEWSFEED Apr 3, 2026 0 29

While Geoff Exton travelled the world for his job as a power station engineer, he never paid much attention to his future state pe...

Economy

Troubled 'shadow bank' Blue Owl caps withdrawals a...

DO NEWSFEED Apr 3, 2026 0 29

Wall Street firm Blue Owl Capital was forced to stall investors taking money out of two of its flagship funds, after being hit by ...

Economy

Iran war's impact is spreading beyond oil, hitting...

DO NEWSFEED Apr 1, 2026 0 39

Shortages of helium, a byproduct of natural gas processing, could create problems for semiconductor and medical equipment manufact...

Economy

CBS News gas and oil price tracker shows how much ...

DO NEWSFEED Apr 1, 2026 0 39

As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or h...

Economy

Jamie Dimon says rejecting capitalism is "dead wro...

DO NEWSFEED Apr 1, 2026 0 35

JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evenin...

Economy

Gas prices hit $4.06 a gallon before Trump's prime...

DO NEWSFEED Apr 1, 2026 0 36

U.S. gasoline prices continue to inch higher after crossing the $4 a gallon threshold on Tuesday for the first time since 2022.

Economy

Which home improvement projects are worth the cost...

DO NEWSFEED Apr 1, 2026 0 34

CBS News business analyst Jill Schlesinger dives into the state of the housing market and offers tips for deciding which home reno...

Economy

Markets are nervous, but Main Street isn't: Wells ...

DO NEWSFEED Apr 1, 2026 0 37

Markets may feel fragile amid the ongoing Iran conflict, but Wells Fargo CEO Charlie Scharf argues that Main Street's economic ind...

Economy

The increased state pension is arriving soon: How ...

DO NEWSFEED Mar 30, 2026 0 34

The annual rise will not kick in all at once for everyone The headline state pension rates will be hiked by 4.8 per cent under the...

Economy

The simple hacks that can turbocharge your state p...

DO NEWSFEED Mar 30, 2026 0 36

While Geoff Exton travelled the world for his job as a power station engineer, he never paid much attention to his future state pe...

Economy

This is what I wish I'd known before abandoning my...

DO NEWSFEED Mar 30, 2026 0 37

When Graeme Eadie decided to downsize from a four-bedroom Georgian townhouse, he looked forward to a simpler life in a more manage...

Economy

Landlord mortgage rates soar to highest level in t...

DO NEWSFEED Mar 30, 2026 0 32

The typical five-year fixed rate buy-to-let mortgage has risen sharply since the conflict in Iran began, according to rates scruti...

Economy

The best cash Isas for TRANSFERS - how to earn a t...

DO NEWSFEED Mar 30, 2026 0 37

New cash Isa deals are arriving thick and fast ahead of tax-year end, but the top rates won't always be available to those who wan...

Economy

Netflix raises its subscription prices for the sec...

DO NEWSFEED Mar 27, 2026 0 112

The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.

Economy

Iran war fallout raises odds of a U.S. recession, ...

DO NEWSFEED Mar 27, 2026 0 46

Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.

Economy

Stocks tumble as Wall Street nears longest losing ...

DO NEWSFEED Mar 27, 2026 0 46

Stocks are heading for a fifth straight weekly loss as oil prices climb and mixed signals on Iran raise fears about inflation and ...

Economy

Consumer confidence slides amid concerns over the ...

DO NEWSFEED Mar 27, 2026 0 51

Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.

Economy

NS&I will 'reunite' bereaved families with cash an...

DO NEWSFEED Mar 26, 2026 0 47

NS&I said it estimated that up to 37,500 bereavement claims with a total value of up to £476m in customer deposits may have been a...

Economy

Co-op boss steps down after four years as retailer...

DO NEWSFEED Mar 26, 2026 0 44

The boss of the Co-op will step down after four years, as the retailer reported it had taken a significant hit from a cyber attack...

Economy

FTSE in the red as oil rebounds to $105; NS&I comp...

DO NEWSFEED Mar 26, 2026 0 36

The FTSE 100 sank lower as oil topped $105 a barrel again, amid fading hopes of a de-escalation in the Middle East.

Economy

'Just not sustainable': Marks & Spencer boss accus...

DO NEWSFEED Mar 26, 2026 0 42

Stuart Machin, who runs one of Britain's biggest High Street chains, said that government levies now make up more than half of the...

Economy

Daniel Craig helps launch BYD's new premium Chines...

DO NEWSFEED Mar 26, 2026 0 40

Denza, BYD's new energy vehicle sub-brand, has revelaed Daniel Craig as its new brand ambassador ahead of its European launch.

Economy

USPS to add temporary fuel surcharge for some post...

DO NEWSFEED Mar 26, 2026 0 36

The U.S. Postal Service is raising some postage prices to help offset the federal agency's rising transportation costs as fuel pri...

Economy

$100,000 in Social Security benefits? New proposal...

DO NEWSFEED Mar 26, 2026 0 35

With Social Security's trust fund sliding toward insolvency, one group wants to cap benefits for the wealthiest U.S. couples.

Economy

As wealth taxes gain traction, Warren proposes lev...

DO NEWSFEED Mar 26, 2026 0 38

Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.

Economy

High gas prices impact food delivery drivers, farm...

DO NEWSFEED Mar 26, 2026 0 35

The national average price for gas has climbed more than 30 cents over the past month amid the Iran war. A man near Dallas earning...

Economy

Truth about Samuel Leeds and his £20m fortune: He'...

DO NEWSFEED Mar 24, 2026 0 39

Posing on a specially chartered £150,000 private jet, self-proclaimed 'property expert' Samuel Leeds had a message for his fellow ...

Economy

Why economists think interest rates WON'T rise thi...

DO NEWSFEED Mar 24, 2026 0 39

Traders are now betting on as many as four interest hikes by the Bank of England this year. Three respected economists tell us why...

Economy

Fixed rate mortgages go above 5.5% - but borrowers...

DO NEWSFEED Mar 24, 2026 0 39

Barclays and TSB have announced they will hike rates tomorrow, following on from Nationwide Building Society and Halifax which upp...

Economy

Are you earning nothing from your savings? The sim...

DO NEWSFEED Mar 24, 2026 0 40

Do you keep your savings with your High Street bank? Millions do even though other smaller banks and building societies offer jus...

Economy

As airport delays continue, can enrolling in TSA P...

DO NEWSFEED Mar 24, 2026 0 44

"TSA PreCheck will likely help you, even now with the long lines we're seeing at checkpoints," said one travel expert.

Economy

How to cut down on pet expenses as costs rise

DO NEWSFEED Mar 24, 2026 0 42

Pet ownership costs over the past year have increased by up to 10%, according to Rover.

Economy

Dow jumps more than 1,000 points after Trump delay...

DO NEWSFEED Mar 24, 2026 0 39

Crude oil prices also dropped after President Trump said the administration had held "good and productive" peace talks with Iran.

Economy

Uber, Rivian ink $1.25B deal to put thousands of r...

DO NEWSFEED Mar 24, 2026 0 38

Uber plans to purchase 10,000 Rivian R2 robotaxis with the option for 40,000 more as the companies target a 2028 launch for autono...

Economy

Kohl’s CEO signals what's next for stores after se...

DO NEWSFEED Mar 24, 2026 0 40

Kohl's CEO signals no additional store closures planned this year after shuttering 27 locations last year, focusing on optimizing ...

Economy

HSBC weighs deep job cuts as AI overhaul unfolds: ...

DO NEWSFEED Mar 24, 2026 0 40

Global banking giant HSBC Holdings Plc is considering significant job reductions thanks to artificial intelligence, a Bloomberg re...

Economy

Households face FOUR interest rate hikes this year...

DO NEWSFEED Mar 23, 2026 0 41

With Sir Keir Starmer hosting an emergency Cobra meeting on the economic fallout of the Iran war, investors ramped up bets that a ...

Economy

Protein-shake maker Huel backed by Idris Elba sold...

DO NEWSFEED Mar 23, 2026 0 37

Danone, which makes Activia yoghurt and Evian water, is looking to cash in on consumers' growing demand for health-focused product...

Economy

SMALL CAP IDEA: Britain's energy crisis has expose...

DO NEWSFEED Mar 23, 2026 0 39

With the Middle East conflict squeezing global gas supplies and the UK running dangerously low on reserves, the case for a homegro...

Economy

Close Brothers claims car customers got good value...

DO NEWSFEED Mar 23, 2026 0 39

Mike Morgan's comments came as the City watchdog prepares to reveal details of a multi-billion-pound compensation scheme.

Economy

'A national institution in meltdown': MPs slam Roy...

DO NEWSFEED Mar 23, 2026 0 37

Royal Mail has been branded 'a national institution in meltdown' as its new owner faces questioning in Parliament over its dismal ...

Economy

Analysts warn oil prices could keep climbing as Ir...

DO NEWSFEED Mar 20, 2026 0 35

Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.

Economy

U.S. oil producers could get $63 billion boost fro...

DO NEWSFEED Mar 20, 2026 0 36

Domestic energy companies could benefit from high oil prices in the short-term, but take a hit if the Iran war drags on.

Economy

Mortgage rates rise as Iran war heightens U.S. inf...

DO NEWSFEED Mar 20, 2026 0 42

Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.

Economy

Surging U.S. gas prices could erase bigger tax ref...

DO NEWSFEED Mar 20, 2026 0 39

Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in...

Economy

FCC approves Nexstar's purchase of Tegna hours aft...

DO NEWSFEED Mar 20, 2026 0 38

The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.

Economy

Papa John's reportedly weighs $1.5B buyout offer f...

DO NEWSFEED Mar 19, 2026 0 39

Papa John's stock surges 15% as Qatari-backed fund reportedly offers $1.5B buyout at $47 a share, a 44% premium; the pizza chain i...

Economy

SeatGeek job posting touts $25K sex change perk, 6...

DO NEWSFEED Mar 19, 2026 0 44

SeatGeek faced backlash after a job posting offering up to $175,000 and sex change benefits sparked criticism and renewed pricing ...

Economy

Honda cancels 3 planned EV models for US

DO NEWSFEED Mar 19, 2026 0 34

Honda shifts U.S. strategy from electric vehicles to hybrids as consumer demand weakens, canceling three planned EV models includi...

Economy

I asked my wife to call a plumber and it ended up ...

DO NEWSFEED Mar 11, 2026 0 50

When Jonathan Reeves left for work one morning in September 2023 and asked his wife to call a plumber to fix their boiler, he neve...

Economy

Private equity chief warns impact of war in Iran o...

DO NEWSFEED Mar 11, 2026 0 41

The boss of private equity giant CVC yesterday warned that global upheaval amid the war in Iran was comparable with the dotcom cra...

Economy

The ultimate guide to beating mortgage hikes: Our ...

DO NEWSFEED Mar 11, 2026 0 43

The typical two-year fixed rate mortgage has gone above 5 per cent for the first time since August as lenders continue to re-price...

Economy

Direct Line won't pay out for gearbox fault it cla...

DO NEWSFEED Mar 11, 2026 0 39

I drive a Motability Mercedes van adapted for wheelchair use. In November last year, it developed a gearbox fault.

Economy

Nearly 37 million pounds of food recalled because ...

DO NEWSFEED Mar 5, 2026 0 43

Oregon food manufacturer Ajinomoto expands an earlier recall of frozen and ready-to-eat products over glass contamination.

Economy

Google faces first lawsuit alleging its AI chatbot...

DO NEWSFEED Mar 5, 2026 0 40

Google is accused in a wrongful death lawsuit filed by the family of a man who committed suicide in October, allegedly at the dire...

Economy

Elon Musk testifies in Twitter shareholder trial o...

DO NEWSFEED Mar 5, 2026 0 42

Elon Musk reached a deal to buy Twitter in April 2022. On May 13, 2022, he declared his plan "temporarily on hold" over the number...

Economy

What to know about the agency Trump says will insu...

DO NEWSFEED Mar 5, 2026 0 50

President Trump said the government agency will provide political risk insurance to "all shipping lines" operating in the Persian ...

Economy

Companies are entitled to Trump tariff refunds, tr...

DO NEWSFEED Mar 5, 2026 0 44

A federal court in New York ruled Wednesday that businesses that paid emergency tariffs invalidated by the Supreme Court are eligi...

Economy

US ‘sitting on significant proven reserves’: Analy...

DO NEWSFEED Mar 5, 2026 0 48

U.S. energy security proves resilient, according to one analyst, as Iranian attacks disrupt Qatar LNG production and A domestic oi...

Economy

Stanley Black & Decker to cut hundreds of jobs, sh...

DO NEWSFEED Mar 5, 2026 0 40

Stanley Black & Decker will eliminate about 300 jobs and close a Connecticut tape-measure plant as demand declines, part of its mu...

Economy

Dow falls 400 points, oil spike moderates amid Mid...

DO NEWSFEED Mar 5, 2026 0 40

U.S. stocks fell Tuesday as Middle East tensions drive oil prices higher, increasing investor fears of inflation and global trade ...

Economy

Blockchain analysts say traders may have used insi...

DO NEWSFEED Mar 5, 2026 0 40

Suspected insider traders allegedly made $1.2 million betting on Iran strikes hours before they happened, sparking calls to ban wa...

Economy

IG launches a junior Isa and will give match a £25...

DO NEWSFEED Mar 2, 2026 0 40

IG says it will match the first investment into the junior Isa account up to £250, when parents first start investing at least £50...

Economy

Aegon bungled my pension transfer a year ago and I...

DO NEWSFEED Mar 2, 2026 0 44

I am appalled at the level of service given by my pension provider Aegon since last March. It didn't include my final pension paym...

Economy

Cash Isa race heats up as rates climb as high as 4...

DO NEWSFEED Mar 2, 2026 0 49

It's game on for savers as a new tussle to offer the best-buy cash Isa rate kicks off ahead of tax-year end.

Economy

End of the Dubai dream: Profound consequences of a...

DO NEWSFEED Mar 2, 2026 0 40

The missile strikes on Dubai come as a profound shock for the tiny emirate's ruling elite and the hundreds of thousands of British...

Economy

FTSE 100 tumbles and oil price surges after confli...

DO NEWSFEED Mar 2, 2026 0 40

Nervous investors will be watching markets closely today, amid fears that the conflict could send shares tumbling.

Economy

Warner Bros. Discovery reviewing sweetened bid fro...

DO NEWSFEED Feb 24, 2026 0 46

Paramount Skydance is continuing its efforts to buy Warner Bros. Discovery by upping the ante on Netflix.

Economy

CarMax to pay $420K to resolve DOJ allegations ove...

DO NEWSFEED Feb 24, 2026 0 41

CarMax allegedly violated federal law by repossessing servicemembers' vehicles without required court orders, leading to a $420,00...

Economy

Volvo recalls over 40,000 electric SUVs worldwide ...

DO NEWSFEED Feb 24, 2026 0 52

Volvo is recalling over 40,000 EX30 electric SUVs worldwide due to a battery fire risk. Owners are urged to limit charging to 70% ...

Economy

NS&I cuts Premium Bonds prize rate to 3.3% from Ap...

DO NEWSFEED Feb 24, 2026 0 47

National Savings and Investments will cut the Premium Bonds prize rate from 3.6% to 3.3% from the April 2026 draw.

Economy

The best public sector pension schemes revealed

DO NEWSFEED Feb 24, 2026 0 50

There's one particular job in which you can bag an extra £10,000 a year of income in retirement in just 12 years of work.

Economy

Forget the US Magnificent Seven... shares in Brita...

DO NEWSFEED Feb 24, 2026 0 41

A handful of UK stocks, including Aviva and M&S, performed better than the likes of Meta and Tesla last year, experts at the Rathb...

Economy

Gen Z are almost three times as likely to invest a...

DO NEWSFEED Feb 24, 2026 0 49

A study claims that 47 per cent of Generation Z adults actively invested outside of their workplace pension over the past twelve m...

Economy

My humbling week trying to survive on the paltry £...

DO NEWSFEED Feb 24, 2026 0 42

Some 1.2million people survive on the state pension with little or no other savings - and they are among the 13.1million who rely ...

Economy

Tariffs pose "huge uncertainty" after Supreme Cour...

DO NEWSFEED Feb 24, 2026 0 45

The Trump administration is unlikely to back down from pursuing additional tariffs following the Supreme Court decision, according...

Economy

Trump's Section 122 tariffs could spur new legal b...

DO NEWSFEED Feb 24, 2026 0 45

President Trump's novel use of a 1974 trade law to impose a global 15% tariff could be ripe for legal challenges, according to tra...

Economy

Dow closes down more than 800 points as AI and tar...

DO NEWSFEED Feb 24, 2026 0 53

Stocks slumped amid investor fear of AI disruption and uncertainty surrounding President Trump's new tariffs.

Category: Economy

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