Economy

How America’s EV retreat is increasing China's control of global markets

U.S. automakers are pivoting away from EVs to refocus on gas-guzzling trucks and SUVs while Chinese manufacturers are expected to keep growing electric exports.

£99,987 and Counting: Graduates Trapped by Ballooning Student Loans

As their debts rise, graduates reveal how loans are reshaping careers, finances and faith in the system

President Trump's tariffs fueled U.S. Customs bond market boom. Now billions hang on Supreme Court ruling

Companies are anxious for Supreme Court ruling on Trump tariffs, but in addition to trade tax refunds, billions were paid in customs bonds and collateral.

The typical U.S. worker has $955 saved for retirement, report finds

Updated on: February 6, 2026 / 8:56 AM EST / CBS News

Layoffs jumped in January as companies pull back on hiring

Updated on: February 6, 2026 / 8:35 AM EST / CBS News

Stellantis CEO says automaker is stronger together as stock plummets amid $26 billion charge

The automaker announced $26 billion in charges from a business restructuring that includes pulling back on electrification plans and reintroducing V8 engines.

Here are Friday's biggest analyst calls: Nvidia, Amazon, Micron, Reddit, Roblox, Estee Lauder, Palantir & more

Here are the biggest calls on Wall Street on Friday.

Bitcoin's rough week, Amazon's plunge, Super Bowl ads and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

Tell us: how have you been affected by falling cryptocurrency prices?

We want to hear how the fall in cryptocurrencies like Bitcoin and ether are impacting people

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.