Economy

UBS downgrades the U.S. stock market. Here's what has the investment bank worried

UBS downgraded U.S. equities to "benchmark" in a fully invested global equity portfolio, saying factors that powered years of outperformance are starting to fade.

Netflix drops bid for Warner Bros. Discovery, paving the way for Paramount Skydance deal

Netflix announced it is dropping its bid for Warner Bros. Discovery, which paves the way for Paramount Skydance, the parent company of CBS News, to acquire it instead. The merger would require approval from Warner Bros. shareholders and federal regulators.

Netflix drops bid for Warner Bros. Discovery and paves way for Paramount acquisition

Netflix has ended its bid for Warner Bros. Discovery and is clearing the way for a Paramount acquisition. CBS News' Jo Ling Kent reports.

Has Coles been caught with its pants ‘down down’ over its prices promotion?

If the supermarket is found to have deliberately misled with the jingle that ‘sticks in one’s ears’, there will be sector-wide implications

Gen Z is embracing the prenup, says family law attorney: ‘The taboo of divorces is long gone’

Prenups are on the rise, says matrimonial law attorney Jacqueline Combs. Gen Z might be leading the charge.

American couple relocated to Italy and only spend about $1,246/month: 'We don’t have a mortgage'

Cassandra Tresl and her husband Alex Ninman made their official move to Abruzzo, Italy in 2022.

Core Wholesale Prices Rose 0.8% in January, Much More Than Expected

The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.

Trump said tariffs could someday 'substantially replace' income taxes. What policy experts say

During his State of the Union address, President Donald Trump said tariffs could someday "substantially replace" the federal income tax system.

Here's how Americans say they plan to use their bigger tax refunds this year

February 27, 2026 / 7:53 AM EST / CBS News

World's largest sovereign wealth fund's bets on Big Tech and banking drive gains

Norges Bank Investment Management manages the world's largest sovereign wealth fund.

Trump says affordability crisis is over. Voters and data disagree

Despite claims, polls and economists say tariffs and structural pressures keep US households under strain

Sorry, Xi, China hasn't suddenly gained a lever over Trump

Bloomberg’s Malcolm Scott is wrong. Last week’s Supreme Court decision to suspend President Donald Trump’s tariffs on nations including China did not give Beijing new leverage against the United States, nor did it undermine Trump’s efforts to uncouple the U.S. economy from the Chinese economy. Trump continues to possess several powerful tariff levers that he can use against China.