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Category: Economy

What to know about Greg Abel, the new CEO of Berks...

Abel, 63, takes the helm of Berkshire Hathaway after a six-decade run by Buffett.

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2026 car buying tips and trends

Kristen Lee, the senior features editor at MotorTrends, joins "CBS Saturday Morning" with what to know about buying a car in 2026.

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California could impose a billionaire tax. Here's ...

Proposed California ballot initiative would impose a one-time 5% tax on billionaires, with the revenue funneled toward health care...

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U.S. seeks to tap Venezuela's vast oil reserves af...

President Trump said "we're going to get the oil flowing the way it should be" after the surprise U.S. attack. Here's what to know...

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ETF race hits $1T at record speed with more gains ...

Money is flowing into ETFs so fast this year that the industry hit $1 trillion in October, months ahead of last year's pace, as go...

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Ford shatters decade-old recall record with 152 sa...

Ford is breaking records for all the wrong reasons. It's had 152 recalls in 2025, eclipsing a decade-old industry high. Quality is...

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How to save on heat and energy costs this winter

Cold weather spikes often mean higher energy bills. Ash-har Quraishi has tips on how people can "energy audit" their own homes and...

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Trump hails tariff boom as US economy grows at fas...

Gross domestic product increased at an annualised pace of 4.3% - smashing expectations of 3.3% growth - according to latest figure...

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Ten ways to avoid inheritance tax legally

There are many legal ways to dodge the dreaded 40 per cent 'death tax' if you want to pass on the maximum sum possible and are pre...

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The surprise winner in the fund best-sellers lists...

Investors love to know what other investors are buying. I know this because the data we publish regularly ranks among the most pop...

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Can you guess the best-selling cars ever from ever...

In the first of our three-part series running over the coming days, we cover the car makers from A to J.

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H-1B visa lottery system being replaced as DHS shi...

The Department of Homeland Security says it's replacing its longstanding lottery system for H-1B work visas with an approach that ...

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California farming magnate arrested in Arizona in ...

A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, ...

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We asked experts to rate the U.S. economy in 2025....

The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how thin...

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U.S. says China's chip policies are unfair but wil...

The U.S. Trade Representative said tariffs on Chinese semiconductors, now at zero, are set to increase in June 2027.

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What's open on Christmas Eve 2025? See which store...

Many businesses adjust their hours on Christmas Eve, so it's best to plan ahead if you need to do any last-minute shopping.

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How to make £2,026 in an HOUR: From energy to car ...

The hazy time warp between Christmas and the New Year is a great opportunity to review all your bills and savings to ensure you st...

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How low will interest rates go... and will they st...

The base rate is now the lowest it's been since 2023 but a split vote means markets and economists are now question how much lower...

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Leonardo boss: Delayed defence spending plan shoul...

Labour has been told that the frustrated defence sector 'needs some decisions' after an investment plan was delayed into next year...

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My pension firm 'blocked' me from moving £350k ret...

Steve Bentley, pictured, contacted This is Money after his UK pension firm unfairly 'blocked' an overseas transfer following a min...

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Britain's best paid woman Bet365 boss Denise Coate...

This was an increase of the £150million she was paid for the previous financial year - but is short of her record pay deal in 2021...

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Jim Beam to pause production at its main distiller...

The main distillery will be closed for site enhancements, the company said. The pause comes after whiskey production has dropped a...

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Trump admin says it's halting offshore wind projec...

Secretary of the Interior Doug Burgum said the agency is pausing leases for five offshore wind farms "due to national security con...

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A fifth of Britons regret actions they made in a p...

Concerns ranged from a cut to cash Isas, which did arrive, to fears the Chancellor would also take an axe to pension lump sum allo...

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I have a final salary pension with a firm that mig...

I received a letter from the scheme which said it might need to be taken over by the Pension Protection Fund. Am I trapped in a fa...

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Government pushes investing - but Britons are more...

In the Autumn Budget, Chancellor Rachel Reeves announced that the cash Isa allowance would be slashed to £12,000 from its previous...

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Aldi boss Giles Hurley sets sights on toppling Asd...

Hurley, who joined the no-frills grocer in 2000, has seen Aldi turn itself from 'probably quite a quirky discount retailer' to the...

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CC JAPAN INCOME & GROWTH TRUST is a success story ...

The trust, managed by boutique investment house Chikara, has been a success story, with launch shareholders so far enjoying total ...

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Holiday shoppers out in force, but concerns over c...

Holiday shopping is in high gear, with the National Retail Federation predicting a record 159 million shoppers on what it calls "S...

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Rome introduces tourist fee for some Trevi fountai...

Tourists visiting the Trevi Fountain are now going to pay more than just the legendary coin toss over their shoulder.

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Inside the idea of 50-year mortgages

Carter Evans reports on the perceived benefits and downsides of 50-year mortgages.

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Skincare industry profits from marketing products ...

A CBS News Confirmed analysis of a dozen skincare influencers' accounts found that many featured ingredients not suitable for kids...

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Fed's Goolsbee says rates ‘could come down’ if eco...

The Fed's Austan Goolsbee signaled more rate cuts are possible if inflation trends continue improving, calling November's CPI data...

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Arrivederci Roma, Ciao Amalfi: Why the new £200k '...

It takes a big company - especially one with such a proud Italian heritage - to admit that it got something fundamentally wrong. A...

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Labour warned over future of UK's 'crown jewels' a...

Labour has been warned it is not doing enough to protect Britain's industrial 'crown jewels' after it emerged that Rolls-Royce cou...

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Christmas treat for high street stocks as UK inves...

Beleaguered UK retail shares saw a surge in new buyers this year, as investors bet on them being undervalued.

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Leasehold reform delayed until next year as fears ...

Details of the Leasehold and Commonhold Reform Bill were expected to be made public before the end of this year, but that has been...

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WH Smith set to claw back bonuses from bosses afte...

WH Smith, which runs about 1,200 stores in airports and other travel hubs, said it was seeking to claw back 'overpaid bonuses' fro...

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TikTok signs deal for sale of U.S. operations to A...

TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting servic...

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American Airlines stops offering miles for basic e...

Members of the carrier's AAdvantage loyalty program no longer earn miles or status points when purchasing a basic ticket.

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Ford recalls nearly 273,000 vehicles over rollaway...

Regulators said the parking module in certain Ford vehicles may fail, potentially allowing cars to roll away.

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Hands-on fund managers drive ETF growth

BlackRock's Jay Jacobs predicts active exchange-traded fund management will provide significant value in 2026 amid stock market vo...

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Ford cuts electric F-150 Lightning production, tak...

Ford cuts F-150 Lightning production as CEO Jim Farley shifts strategic focus to hybrids and affordable EVs, taking massive $19.5 ...

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Elon Musk's net worth soars, now more than double ...

Elon Musk's net worth hits $681 billion, more than double Google co-founder Larry Page's $249 billion wealth, as Tesla's stock sur...

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Hyundai, Kia to spend millions fixing anti-theft t...

Hyundai and Kia reach major settlement over missing anti-theft technology in millions of vehicles, paying up to $9 million in rest...

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Cheaper than a Tesla: Chinese brand's first EV sol...

The Tesla Model Y rival is not just cheaper to buy but can charge from 10-80% in less than a quarter of an hour.

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Frasers Group shares soar as it announces £70m buy...

Shares in Frasers jumped by 9% to 688p by mid-morning, and are up 13% in the year-to-date.

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Hampshire and Isle of Wight the luckiest spots thi...

A corner of the UK with a surface area of 4,148 sq km and a population of 2m is the luckiest place for winning a £100,000 Premium ...

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Badminton star GAIL EMMS: I won an Olympic medal, ...

The 48-year-old hung up her racket in 2008 and has gone into coaching, commentating, media and motivational speaking.

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Labour accused of 'shocking' lack of understanding...

The head of the CBI has accused Labour of a 'shocking' lack of understanding of business.

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Car buyer demand for petrol and diesel bounces bac...

In a poll of UK motorists intending to purchase a new car in the next 24 months, 41% said their preference would be petrol or dies...

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How YOU can get a loved one's care fees paid for b...

The NHS offers full funding for people requiring 'continuing healthcare' with complex care needs.

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Why are mortgage rates falling? SIMON LAMBERT reve...

The end of the year has brought good news for our finances. There's a mortgage price war going on - and anyone whose fix ends in t...

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What are the prospects for laid-off workers?

In 2025, more than 1.1 million Americans were laid off from their jobs, the most since the COVID pandemic, even as corporate profi...

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High prices hitting Christmas shoppers hard

A new poll finds roughly half of Americans say they're finding it harder than usual to afford holiday gifts this year and 40% are ...

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A guide to "Made in America" holiday gifts, state ...

The Made in America Holiday Gift Guide, promoting products made in the U.S., includes more than 150 companies from all 50 states. ...

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Coca-Cola announces major leadership change as Hen...

Coca-Cola named Henrique Braun as its new CEO, effective March 2026, replacing James Quincey, who will transition to executive cha...

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Cracker Barrel’s turnaround hits early snags; CEO ...

Cracker Barrel CEO Julie Masino admitted the company's turnaround is taking longer than expected after summer controversy hurt con...

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Cannabis stocks surge on report Trump seeks to eas...

President Donald Trump is expected to push for marijuana reclassification from Schedule I to Schedule III status, sending cannabis...

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Automaker gears up for self-driving future with ne...

Rivian announced a breakthrough autonomy chip and subscription service for hands-free driving across 3.5 million miles of roads st...

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Cracker Barrel diners are sounding the alarm; here...

Cracker Barrel customers slammed the restaurant chain for poor food quality as the company works to regain customer confidence aft...

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Business 'battered and betrayed' by botched busine...

Rachel Reeves is facing a mounting backlash over her botched business rates reforms as industry leaders warn crippling taxes are '...

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Accounting gaffe delays results at WH Smith

The retailer, which sold its High Street stores this year to focus on its travel locations, first revealed accounting issues in Au...

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The best part-time jobs revealed: You don't need t...

Tis the season of spending - and it's impossible to keep outgoings down. But with incomes squeezed, it's no wonder families are lo...

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How to cash in as big-money takeovers swarm showbu...

If you want to profit, here are the names to watch. Grab the popcorn and settle down, it could be a bumpy ride - but it will also ...

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A recession would be the Chancellor's fault, says ...

There is a way forward, but that would require the Chancellor tearing up all her damaging fiscal policies from last year and, ind...

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As Trump's tariffs face legal challenge, here are ...

President Trump has a number of options at his disposal to implement tariffs, but none are as broad and aggressive as IEEPA.

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Trump signs executive order to block "excessive" s...

President Trump has signed an executive order to block states from regulating artificial intelligence.

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Millions of Americans could see health plan costs ...

"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month s...

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U.S. could owe businesses $168B if Supreme Court r...

A ruling striking down emergency levies could force the federal government to return most of the tariff revenue it has collected t...

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Law prof sues Boeing, alleging exposure to toxic f...

A Temple University law professor alleges in a suit that he breathed in contaminated air on a Boeing craft, leaving him physically...

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Over $1.7 million raised for 88-year-old Army vet ...

A former autoworker was given back his retirement through the kindness of strangers.

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Despite Trump's pressure, Putin finds an eager tra...

As the White House tries to curb Moscow's energy income, Vladimir Putin enjoys a warm welcome in India, and promises an "uninterru...

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Ocado shares soar as US partner Kroger agrees to h...

Ocado shares soared on Friday after US retail giant Kroger agreed a one-off cash payment to the British firm as compensation for i...

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House prices fall in south east but rise in north:...

With tax uncertainty over and mortgage rates falling, many agents and mortgage brokers are confident the market will bounce back i...

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Bending Spoons - the most exciting tech company yo...

Stephen Paice, of Baillie Gifford European Growth, joins Simon Lambert to discuss Europe's huge opportunity and the world's most e...

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SMALL CAP MOVERS: Annual City mining event goes in...

The great and the good of the junior mining sector gathered in London this week for one of the set-piece events of the year.

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Best fibre broadband deals: Compare our top picks

Fibre broadband doesn't have to be expensive. If you're not getting a good deal from your provider, compare offers to see whether ...

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These U.S. cities have seen the biggest rent incre...

Rents in the 50 largest cities have surged by hundreds of dollars per month over the last five years, a LendingTree analysis found...

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Employers have cut 1.1 million jobs this year. Her...

Job cuts so far this year are at their highest levels since 2020, new report says.

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Trump thinks tariff revenue could replace income t...

President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S....

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American Eagle boosts forecast after strong lift f...

American Eagle stock has soared after the viral Sydney Sweeney campaign drove record Thanksgiving traffic and boosted holiday sale...

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Ritz crackers recalled in 8 states over life-threa...

Ritz peanut butter crackers recalled in eight states after dangerous labeling mix-up could trigger severe allergic reactions in pe...

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Didi-Omah Reveals What To Do To Be Wealthy More Th...

If everything you are doing is stocks and salaries, stocks and salaries, stocks and salaries. I think you are doing good but not s...

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Business axes jobs at fastest pace since Covid as ...

In a bleak survey of more than 2,000 firms, the Bank of England found employment fell by 1.8 per cent in November. That was the st...

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US hedge fund Saba launches second Edinburgh World...

Saba Capital, led by Boaz Weinstein, has sparked upheaval across the UK investment company industry since last year.

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Jaguar rebrand and plans to become a fully electri...

Gerry McGovern, one of the biggest influencers of Jaguar's recent polarising relaunch campaignt, exited the company on Monday.

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Labour launches self-driving vehicle consultation ...

The Department for Transport has today taken its next step towards allowing driverless vehicles onto Britain's roads from 2027.

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Nationwide cuts its mortgage rates to lowest level...

Nationwide Building Society is cutting rates across a number of its mortgage deals from tomorrow.

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Trump moves to roll back fuel economy standards se...

The Trump administration proposed rules that would weaken fuel economy standards for vehicles set under President Biden in 2024.

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Argos reports huge losses - what's gone wrong at t...

Argos' most recent full-year results showed it had slumped to a loss and slashed thousands of jobs - we ask experts what's gone wr...

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U.S. lost 32,000 private-sector jobs last month in...

Weakening job growth could lock in an interest rate cut by the Federal Reserve next week, according to economists.

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FCA could 'adjust and refine' car finance scandal ...

Details of a compensation scheme for motorists affected by the car finance commissions scandal are being finalised, with payouts s...

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Households on the hook for £203,000 each to cover ...

The cost of gold-plated public sector pensions has ballooned to almost £6trillion this year, while private sector workers face a B...

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More families are using a trust to protect wealth ...

Lawyers and other professionals warn that it can be costly and complicated to close down a trust. Here's what you need to know.

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Jaguar reveals 'London Red' Type 00 EV available t...

Jaguar revealed a 'London Red' Type 00 yesterday in the capital but the event was overshadowed by the news that design boss Gerry ...

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Energy suppliers slash fixed tariffs on hopes of p...

Several energy suppliers have cut their fixed tariffs over the last week, with the wholesale cost of energy falling - meaning cust...

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GOP lawmaker moves to force vote on congressional ...

Rep. Anna Paulina Luna is seeking to force a vote on a bipartisan bill that would ban members of Congress from trading individual ...

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Home prices could dip in 22 U.S. cities next year,...

A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.

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Shredded cheese sold at Walmart and other stores r...

The FDA said more than 1 million bags of shredded cheese sold at major retailers are being recalled because they may contain metal...

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