Economy

Some U.S. allies see higher duties under new tariffs, rivals see relief, trade body says

U.S. allies and partners like the U.K. and the European Union facing higher tariffs but countries like Brazil, China and India get a reprieve.

European stocks end lower as markets react to new Trump tariffs

European stocks closed lower on Monday as global markets reacted to U.S. President Donald Trump's latest global tariffs policy.

How the AI debt binge shattered hyperscalers’ ‘unspoken contract’ with investors

Hyperscalers' AI capex spending is approaching "unheard of levels"

US tariff policy ‘hasn’t changed’ despite supreme court ruling, trade chief says

Jamieson Greer also said US won’t pull out of deals with UK, EU and others after court declared Trump tariffs illegal

U.S. trade representative says White House expects to "stand by" trade deals after Supreme Court ruling

February 22, 2026 / 12:40 PM EST / CBS News

US will not back out of its tariff deals with UK and others, says Trump trade representative

Promise comes as minister admits to ‘uncertainty’ about new 15% levy on imports from around the world

Here are the 5 big things we're watching in the stock market this week

Nvidia and Salesforce, key gauges of the AI and software trades, are set to report earnings.

Transcript: Christine Lagarde, European Central Bank president, on "Face the Nation with Margaret Brennan," Feb. 22, 2026

February 22, 2026 / 10:31 AM EST / CBS News

‘Peanut butter’ pay raises could cost companies their top performers, according to experts: 'It's such a shortsighted strategy'

In an effort to cut costs, some companies are implementing "peanut butter" pay increases. According to experts, it could motivate top performers to leave.

Homebuyers are paying more for mortgage credit checks. Here’s why

Despite being a small part of closing costs, credit report fees have become a flashpoint in the mortgage industry.

As American Girl turns 40, Mattel grapples with bringing dolls into a new era

American Girl marks its 40th anniversary after five quarters of sales growth, but revenue remains far below its peak as Mattel faces industry pressures.

The 'Magnificent Seven' drove the stock market to record highs in recent years. Is the trade over?

Shares of all but two stocks in the "Mag 7" are in the red this year as worries mount about tech giants' soaring AI-fueled capex and earnings growth rate.