Economy

Utility trade group head warns of higher costs from stalling wind farms

Stalling under-construction offshore wind farms that are nearly complete and ready to plug into the grid will result in higher costs for consumers, the head of the primary utility trade association warned.

What to expect from Kevin Warsh, Trump’s pick to lead the Fed

Powell, 73, is set to depart as Fed chairman in May, though he has the option to remain on the Federal Reserve Board of Governors until Jan. 31, 2028. Such a move would no doubt anger Trump, who chose Powell as Fed chairman during his first White House term.

The real population bomb to come? Social Security's looming bankruptcy

Throughout President Donald Trump‘s second, nonconsecutive term, pundits across the political spectrum have warned that the economy is on the cusp of mass job losses. They have cited everything from the demonstrable downward pressure on the labor market from tariffs to Trump’s orders for the Federal Reserve, an independent body, to immediately slash the federal funds rate.

Stellantis takes €22bn hit after ‘overestimating’ pace of shift to EVs

Carmaker, which owns marques including Peugeot and Jeep, will also sell stake in battery joint venture

European stocks close higher as bumper earnings week concludes

The pan-European Stoxx 600 provisionally advanced 0.9% by the end of the trading session, reversing morning losses.

Toyota promotes finance chief Kenta Kon as CEO in second leadership change in 3 years

Toyota Motor has announced that its chief executive Koji Sato will step down, and be replaced by the automaker’s chief financial officer, Kenta Kon.

The Russian economy is finally stagnating. What does it mean for the war

A wartime boom in Russia has given way to sluggish growth, tax hikes and squeezed public services. Will it affect the conflict in Ukraine?

Silver's volatility has exceeded 100%. Where exactly is the bottom?

Silver's dizzying plunge last week and erratic trading this week have left investors wondering: Where and when is the bottom?

India is reportedly 'ready' to buy up to $80 billion in Boeing aircraft following trade deal with U.S.

An Indian government minister shares details about India-U.S. deal timeline and New Delhi's potential to buy more American goods.

POWERFUL EXCLUSIVE: Learn Why Silver, Gold, & Bitcoin Plunged After JD Vance Announced The US Government’s New Policy Of Securing Rare Earth Minerals!

Bottom line: The experts agree—silver is set to EXPLODE to new all-time highs!

CBS News poll on opportunity and the economy. Is it easier or harder now to buy a house, get a job?

February 5, 2026 / 5:13 PM EST / CBS News

Bitcoin Plunges to Lowest Price Since Trump Was Elected

Bitcoin fell below $65,000 on Thursday, marking its lowest price since President Donald Trump won the 2024 election.