Economy

Roomba maker iRobot bought by Chinese supplier after filing for bankruptcy

US-listed company, whose profits have been in decline since the pandemic, will be taken over by Picea

‘They’re selling everything as trauma’: how our emotional pain became a product

In an economy that rewards confession and self-labeling, pain is no longer something to survive – but something to brand, sell, and curate

iRobot, the maker of Roomba vacuums, files for bankruptcy and sells itself to Chinese company

Updated on: December 15, 2025 / 9:01 AM EST / CBS News

JBS to Shutter Southern California Beef Processing Plant

JBS Foods, the leading producer of beef in the United States, plans to close its Swift Beef Company processing plant in Southern California on Feb. 2, the company confirmed Monday.

How Major US Stock Indexes Fared Dec. 15

Wall Street drifted in mixed trading ahead of this week’s economic reports that could drive where interest rates, and thus stock prices, go.

Ford Discontinues Several EV Models, Takes $19.5 Billion Writedown in Pivot to Hybrids

The Michigan-based company intends to replace its all-electric F-150 Lightning pickups with an extended-range version that uses a gasoline engine for battery recharging. Ford is also stopping production on a forthcoming electric truck, called T3 in international markets, along with electric vans designed for commercial use.

Ford Discontinues Several EV Models, Takes $19.5 Billion Writedown in Pivot to Hybrids

The Michigan-based company intends to replace its all-electric F-150 Lightning pickups with an extended-range version that uses a gasoline engine for battery recharging. Ford is also stopping production on a forthcoming electric truck, called T3 in international markets, along with electric vans designed for commercial use.

What a Netflix-WBD merger would mean for movie theaters

Since Netflix announced its plan to buy Warner Bros. Discovery this month, film exhibitors have expressed consternation and worry as to what the pending merger would mean for the theatrical business if the world’s leading streaming service acquired one of Hollywood’s oldest studios.

What are the monthly payments on a $600,000 mortgage now, after the Fed's December rate cut?

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Gas prices: Now at $2.93 per gallon and less expensive than a year ago

The national average price for a gallon of gas dropped again on Friday to $2.932 per gallon.

Costco Earnings Highlight K‑Shaped Split in Consumer Spending

Membership-based wholesale retailer Costco’s latest earnings spotlighted a growing K-shaped divide among its shoppers.

Georgia's first unemployment report in months shows job loss

(The Center Square) – Georgia’s first unemployment numbers show the state’s unemployment rate is steady at 3.4% but the number of jobs is declining.