Economic News

By Jin Kimiaki, Keijiro Otsuka, Tetsushi SonobeThere is a consensus among economists that for economic growth to be sustainable in the long run, it must be driven by productivity gains. While it is true that productivity can be improved using new machinery, technology does not improve productivity unless operators use and maintain it properly. Good…

By Blair Levin One of the few bipartisan agreements in Washington, D.C. these days is that our country needs to bridge the digital divide and guarantee that no area is bereft of the broadband infrastructure necessary to thrive in the 21st century information economy. Despite that consensus, the digital divide is about to get worse,…

By Payce Madden On January 11, the Africa Growth Initiative at Brookings released Foresight Africa: Top priorities for the continent in 2019, focusing on six key priorities for the region in 2019. The fifth chapter, Africa’s untapped business potential, focuses on the massive opportunities that exist for the private sector in African markets that could…

By Adama Koné Côte d’Ivoire’s objective is to reach the status of an emerging country by 2020, a goal that will require a debt management strategy that enhances economic performance over the coming years while preserving macroeconomic stability. While debt issuance is necessary to help finance capital expenditure and the broader economic agenda, the government…

The U.S. economy posted 7.3 million open jobs in December despite trade tensions and a partial government shutdown

The investment, which values the social media service at $3 billion, comes as Reddit is blocked in China

Investors are watching for progress in U.S.-China trade talks and in negotiations to avert a second government shutdown

Despite a healthy U.S. economy, most businesses plan to offer employees only a modest raise this year

The children’s brand is planning to return as Tru Kids, with smaller stores and a stronger e-commerce presence

Mattel says it’s making iconic toy line more diverse after adding two dolls with disabilities

Presidential candidate Andrew Yang will pay two families that much for a year to promote his free income proposal

The children’s brand is planning to return as Tru Kids, with smaller stores and a stronger e-commerce presence

States are cracking down on cannabidiol-infused food over safety concerns — some in the industry say it’s warranted

Now you can easily find out when your check will arrive, but you’ll also have to allow yourself to be tracked

Few employers offer phased-retirement plans, which can help both workers and companies plan for retirement

Educators are planning to strike Monday after failed negotiations with the school district over base pay

CBS News business analyst and certified financial planner, Jill Schlesinger, joins “CBS This Morning: Saturday” to discuss some key financial tips from her new book, “The Dumb Things Smart People Do with Their Money: Thirteen Ways to Right Your Financial Wrongs.”

The Federal Reserve reports that since 2013, there has been a $1 trillion increase in the amount of debt American are carrying

The Federal Reserve reports that since 2013, there has been a $1 trillion increase in the amount of debt American are carrying. Jericka Duncan reports.

Diamonds may be a girl’s best friend, but blood-red gemstones are a cut above the rest. Serena Altschul examines what qualities make rubies the new gold standard for romantic gifts

Upscale fashion designers spur backlash with racist designs — are they as clueless as they seem?

A record low number of people plan to mark the commercial occasion, but those who do are spending more than ever

The countersuit claims Kelleth Cuthbert, who went viral for her Golden Globes photobombing, wants “to extort” money from the water company

Banking customers complained about problems accessing their accounts, while the bank vowed to reverse fees

Average refund dropped by $170 from this time last year, leaving some taxpayers fuming

His boycott was a powerful message to fashion houses

More than two-thirds of small business owners can’t pay themselves and nearly one-fifth can’t invest in their businesses as a result

While it may not be as strong of a seller’s market, higher mortgage rates and lack of inventory could stymie buyers

The TV station randomly picked 10 items and found four of them jumped in price when they approached a store

Ecommerce giant faces fierce local resistance to its plan to build a second headquarters in borough of Queens

Consumers were allegedly duped out of millions of dollars by debt collectors masquerading as lawyers

While other economies are stronger, America’s is no slouch, but it is noticeably slower than just a few months ago

States are cracking down on cannabidiol-infused food over safety concerns — some in the industry say it’s warranted

Subaru, Tesla and five other car manufacturers will replace potentially lethal inflators from Takata

The change comes after a father blamed the social-media service for contributing to his daughter’s decision to take her life

Cash is no longer king at many businesses, but a lawmakers across the country are trying to protect consumers’ options

Proposals to jack up taxes on the richest Americans are back on the political map, and still popular with the public

Investor says his plan would keep more than 400 stores open and save tens of thousands of jobs

FDA says the drugstore chain has racked up nearly 1,800 violations for selling tobacco products to children

By Alan Berube A little over one year from now, the United States will participate in a democratic tradition that stretches back to the founding of the republic: the once-a-decade census of its population. From 1790 (U.S. population: 3.9 million) to 2010 (U.S. population: 309 million), the decennial census has changed alongside the nation itself….

Housewares giant will test rental program this spring as it looks to attract new customers and adapt to changing habits

The director is seeking $68 million from the tech giant, which refused to distribute Allen’s latest film

Participants in the federal health program often struggle to afford treatments for cancer and other diseases