Economy

Ovo Energy fined £2.7m for failing to deliver government bill support on time

Regulator says thousands of UK’s most vulnerable households missed rebate for months amid soaring costs

Trump administration officials expect the strongest economy in years in 2026. Here's why.

Updated on: January 22, 2026 / 7:35 AM EST / CBS News

How Trump can get consumers spending again

President Donald Trump is on the verge of making one of the most important economic changes of his second term: reshaping the leadership of the Federal Reserve after years of frustration with a central bank whose artificially high interest rates distorted markets for far too long.

Stop saying that the Yuan will replace the Dollar as the global reserve currency

Due to President Donald Trump’s willingness to upend the global status quo, financial commentators and elite media outlets confidently predict that the status of the United States dollar is under threat as the global reserve currency. They say that China’s yuan may replace the dollar in that privileged position. The same voices insist that international investors and central banks are preparing to dump dollar-denominated assets.

Tougher stance on Trump is 'very good for business', says JP Morgan's Europe boss as CEOs welcome tariff U-turn

Market watches breathed sigh of relief on President Donald Trump's tariff U-turn, but keep focused on corporate resilience.

Guilty plea in $380 million Ponzi scheme, feds say

Atlanta — A financial adviser in Georgia pleaded guilty Wednesday to wire fraud in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities announced.

Ubisoft shares plummet after Assassin’s Creed maker unveils reorganization, cancels six games

The games designer saw stock plunge on Thursday, following years of share price decline.

Top business leaders issue an expletive-laced message on the green backlash

Top business leaders at the World Economic Forum delivered an expletive-laden message on the green backlash.

Carlsberg CEO on growth and innovation in low- and zero-alcohol drinks

Carlsberg CEO Jacob Aarup-Andersen tells CNBC’s Dan Murphy in Davos that low- and no-alcohol drinks are becoming a bigger share of sales and a key focus for R&D. He also identifies India and Central Asia as Carlsberg’s top beer growth markets for 2026, while Europe leads for soft drinks.

European stocks close higher after Trump's Greenland 'deal,' tariffs retreat

European stocks advanced Thursday after U.S. President Donald Trump said a framework agreement had been reached on Greenland and called off tariffs.

‘We want to make jacket potatoes sexy again!’: how the humble spud became a fast food sensation

After Spudulike closed in 2024, the reign of the jacket potato seemed over in the UK. But now the favourite is back, piled with new toppings, sold by new companies and promoted all over social media by potato influencers

Wealth inequality in America just hit its widest gap in more than 3 decades

Updated on: January 21, 2026 / 5:11 PM EST / CBS News