Economy

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.

Trump tariffs slap-down could limit, if not end, economic damage

American small businesspeople likely let out a collective gasp at the Supreme Court’s rejection of President Donald Trump’s tariff regime. Justices on Feb. 20, in a 6-3 decision, struck down the president’s sweeping tariffs. The ruling marked an extraordinary rejection of both his signature economic policy and the lever of power he’s used to bend the global economy to his will.

India's Economy Grows at Faster-Than-Expected Pace of 7.8% in December Quarter

The world's fastest-growing major economy expanded by 7.8% in the December quarter.