ECONOMY

Experts, including a former White House Council of Economic Advisers chair, weigh in on where the economy stands and how consumers can brace for what's ahead.

Amid fears of a looming recession, President Joe Biden hit the road Thursday for Springfield, Virginia to tout his economic wins.

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.

The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.

Some 73% of CEOs think global growth will decline in the next year, which is the most pessimistic outlook in 12 years, according to a new survey by PwC.

The economy grew by 0.1% in November, partly boosted by World Cup fans spending more in pubs and restaurants.

President Joe Biden is holding a news conference Thursday morning to deliver remarks about the economy and his administration’s efforts to tackle inflation.

The move further restricts women's access to education, after they were excluded from secondary schools.

People are prepared to wait longer for handmade items, says the chief of the e-commerce firm.

Important dates to know if you plan on sending packages to loved ones for holiday season.

The CEO of the private investment firm said during CNBC's Financial Advisor Summit on Tuesday that there's no question that the U.S. is headed for recession.

Drivers in South Florida should expect gas prices to continue decreasing this month, according to the White House.

In March, the U.S. Senate passed what is known as the Sunshine Protection Act, which would end the twice-a-year ritual of changing clocks by making one set time permanent after the nation springs forward again in March 2023.

President Joe Biden is holding a news conference Wednesday to speak about new actions his administration is taking to provide families with “more breathing room.”

Stephen Moore joined 'The Faulkner Focus' Monday to weigh in on Transportation Secretary Pete Buttigieg defending the Biden economic policies.

Got milk? If you need to buy some in the future, the question instead will be, Got money?

Liz Truss reverses her plan to scrap a business tax rise but vows to deliver economic growth.

Starting on Wednesday, U.S. customers who link Delta SkyMiles and Starbucks Rewards loyalty programs will earn one mile on every $1 spent on eligible purchases at Starbucks.

Farming might not be a glamorous job for many, but simply put, we might not exist without the hardworking farm owners and laborers out there.

In news that should come as no surprise to any Sunshine State renter, a new report out of Harvard University found that eight out of 10 areas with the highest year-over-year rent increases were in Florida.

New government data shows economic growth shrank at a 0.6% annual rate in the second quarter — less than initially thought.

One portion of the house has the original basketball court and bleachers, while another portion was renovated into elements of what typical homes have, such as a kitchen, bathroom and bedrooms.

In a new article, The Washington Post breaks down how the U.S. knew Russia would invade Ukraine, and began to prepare the country to go to war. Washington Post national security reporter Karen DeYoung joins CBS News to discuss.

The unemployment rate dipped to 3.5%, tying a 50-year low reached just before the coronavirus pandemic slammed the U.S. economy in early 2020.

President Joe Biden talks about the U.S. economy as he tours flood damage in Kentucky on Monday.

Time will tell if the trend will continue.

The Great Lakes might be home to the world’s most abundant supply of freshwater whitefish, and to many, that treat tastes even better when it is smoked to give it even more flavor.

The Las Vegas Valley saw widespread flooding after severe thunderstorms, leaving multiple casinos on the Las Vegas Strip with water damage.

There are still mounting concerns about the U.S. economy's resilience. Inflation is at 40-year highs, home sales are weakening and even the-red hot labor market is beginning to show cracks.

Federal Reserve Chairman Jerome Powell said on Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. "This is a very strong labor market....it doesn't make sense that the economy would be in a recession with this kind of thing happening." Investors are fearing the Fed's hiking campaign may tip the economy into a recession. The gross domestic product reading for the second quarter is due on Thursday with economists expecting the economy to have barely expanded following a 1.6% contraction in the first quarter. Many on Wall Street refer to two consecutive negative quarters as a recession, but the official definition takes into account more factors than just GDP.

"Rebooting" the UK's "brittle" economy would be Labour's main focus, its leader will say.

Name a product, and somehow cherries have found their way into them when visiting the Cherry Republic, a group of stores in Michigan.

June's big payroll jump helped clear away some of those recession clouds for a U.S. economy that nonetheless faces some stormy weather ahead.

Tucked along the Little Traverse Bay in Northern Michigan, Petoskey is a hotspot in the summer for tourists with its scenic water views, boating and other water activities.

For nearly two years, the U.S. economy has notched blockbuster gains, with millions of new jobs and wage hikes adding to the streak of good news. But now economists are bracing for a cool-down.

At the Major Economies Forum on Energy and Climate, President Joe Biden talked about trying to ease the pain of high gas prices and rising inflation.

President Joe Biden is delivering remarks on the economy Tuesday at the 29th AFL-CIO Quadrennial Constitutional Convention.

The economy contracted by 0.3% in April after it shrank by 0.1% in March, official figures show.

The global economy may be headed for years of weak growth and rising prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the World Bank warned.

During an uncertain period for the U.S. economy, The Washington Post is producing a series of animated guides examining several important trends, including persistent inflation and soaring gas prices.

Alan Blinder, former Federal Reserve vice chair, thinks that it's likely the U.S. will fall into a recession next year.

Sterling hit a two-year low versus the U.S. dollar following the GDP data as traders digested growing uncertainty about the U.K.'s economic outlook.

An EU ban on oil and gas from Russia would limit its ability to fight in Ukraine, Sergeii Marchenko says.

China on Monday posted better-than-expected GDP growth in the first quarter, though retail sales for March slumped amid ongoing Covid lockdowns on the mainland.

Though the economy may be the focus of November’s congressional elections, other divisive topics -- some new, some perennial -- will also vie for attention from voters. These so-called wedge issues are being fanned mostly by Republicans, who see little downside in taking on polarizing issues that might motivate conservative voters. The Supreme Court, with six of its nine seats filled by conservative justices appointed by Republicans, seems poised to stir things up even further with upcoming deci

The Biden White House is betting the U.S. economy is strong enough to withstand the threats to growth posed by inflation and the war in Ukraine.

The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates.

Here are facts and figures of the OECD’s plan and what it hopes to achieve.

The popular breakfast food had sales over $9 billion in 2020 and then $8.66 billion in 2021, according to IRI, a market research firm in Chicago.

According to data from globalpetrolprices.com, 46 countries has gas prices that are $6 a gallon or more, 26 have prices that are at least $7 a gallon while nine countries have gas prices that are $8 a gallon or more.

According to the American Automobile Association on Sunday, the national average price for regular gasoline climbed to $4.01 a gallon.

Tax havens, also known as offshore financial centers, are a country or jurisdiction that has minimal tax liabilities to foreign individuals or businesses.

Some futurists depict Michigan and the Great Lakes as “climate havens” that will lure people and businesses weary of worsening drought, wildfire, hurricanes and other disasters. Not so fast, skeptics say.

Elizabeth Economy looks closely at Xi Jinping's push to make China the center of the world.

Economic activity jumped by 6.9% in the last three months of last year, beating forecasts.

The German government has cut its growth forecast for this year.

The German economy grew by 2.7% in 2021, despite another year of surging Covid-19 cases, pandemic-related restrictions and supply chain pressures.

Whether you’ve already booked holiday travel plans, or you’re waiting for the last minute to make sure there aren’t restrictions, there are certain things to keep in mind about which days will be best to travel, and what resources might be more scarce than in years past.

Prices rose 6.8% in the year to November with the cost of fuel, used cars and food rising fastest.

President Biden salutes troops on his first Veterans Day as president and discusses inflation in the United States.

The British economy slowed down during the third quarter of the year as widespread supply chain problems hobbled the recovery from the coronavirus pandemic.

A large Russian island north of Japan will be a testing ground for Moscow’s efforts to reconcile its prized fossil fuel industry with the need to do something about climate change

October's job creation was strong in almost every sector, as hiring across industries helped the broader U.S. economy rebound from a late-summer lull.

Can free flights and rent lure the foreign workers back to Australia who quit when Covid arrived?

Yes, growth was weaker than forecast in the third quarter, but the latest GDP report also shows that the softness is temporary.

Japan’s government says more than 50% of the population has been fully vaccinated.

The Taliban's hold over the country is not in dispute but it is facing challenges from women against its extreme version of sharia law and guerrilla fighters in Afghanistan's north.

Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy has been permanently changed by the COVID pandemic and it is important that the central bank adapt to those changes. “We're not simply going back to the economy that we had before the pandemic,” Powell said at a Fed virtual town hall for educators and students. Powell said that, while it is not yet clear if the delta variant of COVID will have further impact on the economy, the country has already seen significant changes since the pandemic began shutting the country down in March 2020.

Official figures show that the British economy rebounded further in May following another easing of lockdown restrictions, though the increase was about half that expected by economists.

The easing of lockdown restrictions in April helped the British economy grow at its fastest rate since July 2020 and recoup further ground lost during the coronavirus pandemic.

Golf is a notable Father’s Day pastime that’s not going anywhere any time soon.

President Joe Biden is holding a news conference Thursday afternoon regarding the economy.

The March quarter national accounts, which will provide the latest economic growth readings, are due on June 2. In the build-up to that data, the Australian Bureau of Statistics will release a number of reports to gauge the speed of the recovery in the quarter, kicking off with construction work figures on May 26. What is known so far, retail spending will be a modest drag on growth in the quarter, after declining 0.5 percent, following a relatively large 2.4 percent increase in the December quarter. The Australian Bureau of Statistics will release on May 25 more up-to-date data with its preliminary trade figures for April and its latest weekly payroll jobs report. As per the Labour Force Statistics by the Australian Bureau of Statistics released on May 20, in April 2021, the unemployment rate saw a decrease to 5.5 percent with unemployed people decreased by 33,600 to 756,200.

Official figures show that the British economy contracted by 1.5% in the first quarter of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat a second wave of the coronavirus.

Economy expected to grow by 7.25% in 2021 as lockdown restrictions are eased, says Bank of England.

The economy rose 6.4% in the first quarter.

The economy rose 6.4% in the first quarter.

The U.S. recovery likely found its rhythm in the first three months of 2021, according to early forecasts of data to be released by the Bureau of Economic Analysis this morning. It appears likely all Covid-19-era losses will be recovered by the middle of this year.

CNBC's Jim Cramer on Monday advised that retail investors ignore talk of a potential market top with the economy in recovery mode.

The pandemic has battered the British economy, which has suffered its deepest recession in more than 300 years. (AP Photo/Matt Dunham)LONDON – Official figures show that the British economy ended 2020 on a stronger footing than previously thought but that it suffered a bigger than anticipated fall in output in the immediate aftermath of the first coronavirus lockdown. In its latest revisions for 2020 data, the Office for National Statistics said Wednesday that the British economy contracted by 19.5% during the second quarter, the first full quarter of lockdown. Overall, the agency said, the British economy ended 2020 9.8% smaller, slightly better than the previous estimate of 9.9%. The U.K. as a whole has had Europe’s deadliest coronavirus outbreak, with over 126,000 people having died after testing positive for COVID-19.

Pedestrians walk outside the New York Stock Exchange in the U.S. The U.S. economy is recovering from the Covid-19 recession, but some economic "scarring" may take a long time to heal, said Richmond Federal Reserve Bank President Thomas Barkin. Economic scarring refers to damage left behind by crises that will suppress growth prospects over the medium or long term. "I'm hopeful we're on the brink of completing this recovery," Barkin said Monday at the Credit Suisse Asian Investment Conference that's being held virtually this year. The U.S. economy contracted by 3.5% in 2020 compared to a year ago, estimated the Bureau of Economic Analysis.

Lightfoot’s plan created a six-month payment plan that reduces required down payments and gives those with ticket debt more time to pay. The plan also allowed people to request a 24-hour extension to pay their fines in full or get on a payment plan after their vehicles are locked with a Denver boot, though the plan does not ban use of the controversial device that has been the bane of many motorists’ existence.

“Florida is trying to build the economy back and wants to be first in the nation to say, ‘No lockdowns,’” he said. “We’re boasting about it — and helping the economy is a good thing — but there are strings attached. And a lot of them come in the name of the variant. So it’s imperative that we do the right thing to protect ourselves and our families and others around us even if the mandate is not there from businesses or the government.”

Did you know when you’re getting ready for tax season, there are two types of preparation methods?

Without stimulus, employment might not reach pre-pandemic level until 2024 New analysis from the Congressional Budget Office predicts the U.S. economy will return to its pre-pandemic peak in the middle of 2021, but the number of people employed won't return to previous levels until 2024. Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, joins CBSN's "Red & Blue" host Elaine Quijano to discuss what she thinks the federal government should do to aid the economy.

India's economy contracted by 7.7% in the 2020-21 financial year, battered by the coronavirus pandemic, according to a report released Friday. (AP Photo/Anupam Nath)NEW DELHI – India's economy contracted by 7.7% in the 2020-21 financial year, battered by the coronavirus pandemic, according to a report released Friday. A country enters a technical recession if its economy contracts for two successive quarters. The downturn followed a strict two-month lockdown imposed across the country beginning in March to combat the pandemic. That was followed by a $35.14 billion package to stimulate the economy by boosting jobs, consumer demand, manufacturing, agriculture and exports hit by the coronavirus pandemic.

WASHINGTON – As President Joe Biden continued to implement his strategy to save lives during the coronavirus pandemic, the Senate was juggling his Cabinet nominees, his proposed $1.9 trillion relief package and preparations for an impeachment trial. House Speaker Nancy Pelosi announced on Thursday that she will send the article of impeachment to the senators who will be serving as jurors in the trial on Monday. If at least 17 Republicans convict Trump, the Senate could prevent Trump from running for office again. Sen. Rick Scott is among the Republicans who oppose both the impeachment trial and Biden’s relief package, which includes a proposal for an additional $1,400 direct payment. Today’s Biden storiesToday’s Trump stories

“I think everyone is on the same page now that we absolutely in no circumstance should go back to where we were before when we shut down our economy,” Burgess said during a webinar held by the Florida Economic Development Council. “Our economy was strong. Our economy is strong. And our economy is bouncing back. But there are so many people who lost jobs and so many businesses who shuttered and who may never open again, and who won’t open again, for sure, because of what we’ve done.”

The Office for National Statistics said that as a result of the fall, the economy is 8.5% smaller than its pre-pandemic peak. Because of the November fall, the economy is set to contract again in the fourth quarter. “The economy took a hit from restrictions put in place to contain the pandemic during November, with pubs and hairdressers seeing the biggest impact," said Darren Morgan, director for economic statistics. The hope is that the rollout of coronavirus vaccines — the U.K. is ahead of many other countries — will see a pick-up in activity later this year. ___Follow AP coverage of the coronavirus pandemic at:https://apnews.com/hub/coronavirus-pandemichttps://apnews.com/hub/coronavirus-vaccinehttps://apnews.com/UnderstandingtheOutbreak

There is a lot that has changed about society over the past few decades, but one thing that has stayed constant is people’s love for fast food.

The London streets are nearly deserted during the first full week of a four-week coronavirus lockdown in England, but some are calling to allow businesses to reopen their doors to kickstart the city economy. The imposition of new limits on public life in the autumn means the economy will likely end the year even smaller. The Office for National Statistics said Thursday that the economy grew by 15.5% in the July to September period. Despite the third-quarter improvement, the statistics agency said the economy was still 9.7% below where it was at the end of 2019. In addition to virus developments, the British economy remains hobbled by uncertainty over the future trade relationship between the U.K. and the EU.

Militias take aim at gun laws: "It's about shooting tyrants in the face"

Militias take aim at gun laws: "It's about shooting tyrants in the face"

(AP Photo/Frank Augstein)LONDON – The International Monetary Fund has downgraded its growth forecasts for the British economy for this year and next, following an acceleration in the number of coronavirus infections over the past couple of weeks. In its annual assessment of the British economy published Thursday, the Washington D.C.-based body lowered the forecasts it made just two weeks ago. Instead of shrinking by 9.8% this year, the Fund now expects the British economy to contract by 10.4%. The other U.K. nations — Scotland, Wales and Northern Ireland — have also imposed fresh restrictions in recent weeks. After that, the British economy contracted by nearly a quarter before the restrictions started to be eased and large sections of the economy reopened.

In its latest survey of the the British economy, the Paris-based Organization for Economic Cooperation and Development said Wednesday that a trade deal that ensures a close relationship will minimize the costs of Brexit. The OECD warned that the economy will be further hobbled by a rise in unemployment, which has been largely held in check this year by a wage support program. A trade deal would ensure there are no tariffs and quotas on trade in goods between the two sides, but there would still be technical costs, partly associated with customs checks and non-tariff barriers on services. According to the OECD, even a smooth trade deal would see the British economy around 3.5% smaller in coming years than it would have been had it remained within the EU. British Prime Minister Boris Johnson had set a summit of EU leaders on Thursday as the deadline for a trade deal, but the talks are widely expected to continue for a few more weeks.

LONDON – The British economy did not contract as much as originally thought during the second quarter of the year when coronavirus lockdown measures were at their most intense — though the slump remained the worst on record. The Office for National Statistics said Wednesday that the British economy contracted by 19.8% in the April to June quarter from the previous three-month period, slightly less than its previous estimate of 20.4%. It now estimates that the economy shrank by 2.5% in the first quarter, against 2.2% previously. “It is clear that the U.K. is in the largest recession on record," the statistics agency said. Since May, when lockdown measures started to be eased, the British economy has managed to eke out three months of growth, which has helped it recoup around half of the output lost.

PARIS – The global economy is not doing as bad as previously expected, especially in the United States and China, but has still stuffered an unprecedented drop due to the coronavirus pandemic, an international watchdog said Wednesday. The global economy is expected to rebound and grow by 5% next year, the organization said. The OECD upgraded its forecast for the U.S. economy, anticipating a contraction of 3.8% this year instead of a plunge of 7.3% forecast previously. The Paris-based organization, which advises developed countries on economic policy, urged governments not to raise taxes or cut spending next year “to preserve confidence and limit uncertainty." “The aim must be to avoid premature budgetary tightening at a time when economies are still fragile,” it said.

MIAMI – As the coronavirus pandemic began to impact South Florida and officials were forced to implement safety measures, workers and entrepreneurs in almost every sector experienced the economy’s downturn during the April-June quarter. She is the owner of Café Ala Carte and Chocolate Fountains of South Florida. She said there are 12 million other business owners like her who depend on the live events industry. “We don’t see our industry coming back until the end of the first quarter of 2021.”Fimiano does advocacy work for the South Florida Chapter of the National Association of Catering and Events and International Live Events Association. She recently helped to organize a protest for business owners in front of Sen. Marco Rubio’s office in Miami-Dade County.

For those who are stumped about what kind of gift to buy for Father’s Day, maybe one suggestion that could help is this: Start with what not to buy for the occasion. Coupon Lawn surveyed more than 1,000 fathers in the United States to see what their most unwanted gifts were for Father’s Day. The survey found that 46% of people buy clothes as Father’s Day gifts. The responses found that 30% of fathers dislike receiving these, even though 59% of people who get gifts on Father’s Day buy cards. Coupon Lawn said as part of its survey that $5.3 billion is spent on unwanted Father’s Day gifts, although that is half of the $10.5 billion the site said is spent on unwanted Mother’s Day gifts.

With more states lifting stay-at-home orders and loosening restrictions, it could lead to the return of youth sports sidelined by the COVID-19 pandemic. While organizations in just about every state are formulating plans to return, some states have already set in motion dates for a return to action. The Ohio Department of Health said youth leagues for non-contact and limited-contact sports were able to start May 26, Texas Gov. Greg Abbott said youth sports and camps could start back up May 31, with games likely starting in mid-June, while Florida Gov. For more serious and expensive travel sports, this might be about the time organizations start seasons and playing prominent tournaments, but the clock is ticking.