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CBSN Business News
Latest Business Updates from CBSN - Read Today's All Business News
Over the past few weeks, information has been spreading on social media about a nationwide economic protest called the "Feb 28 Economic Blackout."
The U.S. Department of Agriculture said it is trying to rehire bird flu experts that the agency accidentally fired as part of its efforts to cut costs based on recommendations from the Department of Government Efficiency, or DOGE.
President Trump on Thursday signed a memorandum directing his administration to weigh reciprocal tariffs, threatening to impose levies on U.S. imports from nations that put higher duties on American products.
Egg prices continue to soar — if shoppers can even find them in grocery stores.
Starbucks faces a new lawsuit filed by Missouri's attorney general alleging the restaurant chain relies on "race-and-sex-based hiring practices" that violate federal and state laws. The complaint also claims the coffee chain's hiring policies have led to slower service and higher prices for consumers because it isn't recruiting the most qualified workers.
President Trump is again turning to tariffs to advance his trade agenda, signing new orders to place 25% import duties on all steel and aluminum imports. Although the idea is to protect U.S. manufacturers from unfair competition, consumers could end up paying more for some products that use the metals, according to economists.
The White House's Department of Government Efficiency, or DOGE, was created by President Trump on Jan. 20 with a mission to slash federal spending. Since then, the task force led by billionaire Elon Musk says it has saved more than $1 billion by canceling diversity, equity and inclusion contracts, among other expenses, according to DOGE's social media account.
Americans could soon be paying more for everything from automobiles to avocados if the Trump administration proceeds with its plan to slap stiff new tariffs on the nation's three largest trading partners starting Feb. 1.
Americans could soon be paying more for everything from automobiles to avocados if the Trump administration proceeds with its plan to slap stiff new tariffs on the nation's three largest trading partners starting Feb. 1.