Economy

Pinterest stock sinks nearly 17% as tariffs hit earnings. Here's what's happening

Many of the largest retailers have been disproportionately impacted by tariffs and have been pulling back on advertising spend, Pinterest's CEO said.

Steven Spielberg, Dawson Leery’s idol, donates $25,000 to James Van Der Beek fundraiser

Director revered by actor’s character in Dawson’s Creek is among film industry figures – also including Zoe Saldaña and John M Chu – to make large donation to family

China's mineral monopoly is putting our national security at risk

As artificial intelligence rapidly reshapes nearly every aspect of American life, a less visible but far more consequential challenge is emerging. The critical minerals that are essential to the weapons systems and platforms that underpin U.S. national security are also instrumental in powering the AI technological surge. Right now, access to these minerals is dominated by a single foreign source.

How advanced manufacturing helped this Asian nation beat growth forecasts

In 2025, Singapore's economy exceeded expectations, with advanced manufacturing emerging as a surprising growth engine, from biomedicals to AI-related semiconductors and servers.

Shares in trucking and logistics firms plunge after AI freight tool launch

SemiCab platform by Algorhythm, previously considered a ‘penny stock’, sparks ‘category 5 paranoia’ across sector

Europe Stoxx 600 Closes Lower After Latest AI-Driven Sell-Off

The Stoxx 600 closed lower on Friday as investors monitored AI concerns that hit stocks on Wall Street Thursday.

Businesses must take responsibility for biodiversity loss

Scientists believe we’re seeing the largest loss of life since the dinosaurs – and it’s a risk to the global economy. Governments and companies need to work together on solutions

How China's 'unruly' speculators might be fueling the frenzy in gold market

Gold has rarely been this volatile, and the bullion's sharp price swings are increasingly being linked to China's speculative traders, some analysts believe.

Manufacturing drives Singapore’s economic growth, but not necessarily its job growth: EIU

According to the Economist Intelligence Unit’s Alex Holmes, recent strength in global trade reflects some front-loading of activity. Yet deeper demand fundamentals persist, suggesting that as this effect unwinds, growth will moderate rather than reverse.

At 87, he can't afford his rent without a roommate. He's far from alone.

February 12, 2026 / 8:16 PM EST / CBS News

Asia stock markets track losses on Wall Street as AI fears hit sentiment

Shares of office real estate and logistics firms sank after the release of AI tools that could replicate their businesses — or eat into their profit margins.

Consumers and businesses paid nearly 90% of Trump tariffs in 2025, new analysis found

February 12, 2026 / 5:10 PM EST / CBS News