Nissan is recalling more than 480,000 vehicles in the U.S. and Canada because of manufacturing defects that could cause the engine to lose power while in use. In a recall notice posted with the the National Highway Traffic Safety Administration, Nissan said it had identified bearing failures in certain vehicles. Nissan is recalling 443,899 vehicles in the…
How can you lower your bills and save? Try these mid-year money moves for your finances. – CBS News Watch CBS News CBS News business analyst Jill Schlesinger breaks down financial tips and money moves to make as we mark the halfway point of 2025 – from reviewing insurance accounts to your retirement savings. Be…
A 90-day freeze on sweeping U.S. tariffs is set to expire on July 9, sowing economic uncertainty as the Trump administration works to revamp the terms of global trade. The stakes for millions of U.S. consumers and businesses are high. Economists warn that the barrage of import duties announced on April 2, which President Trump called “Liberation…
Employers across the U.S. added 147,000 jobs in June, with the labor market remaining resilient despite slowing economic growth this year. The numbers Job growth was stronger than expected in June. Payroll gains sailed past the 115,000 predicted by economists polled by financial data firm FactSet. The number of jobs employers added last month is just…
Tesla’s U.S. sales slumped in the second quarter as mounting competition and signs of backlash against founder CEO Elon Musk chipped away at the electric vehicle maker’s lead in the segment. Vehcle sales fell to 384,122 in April through June, a more than 13% drop from 443,956 in the same period last year. Sales of…
Layoffs across the U.S. this year have climbed to their highest level since the pandemic slammed the economy in 2020, new labor data shows. In the first half of 2025, companies announced 744,308 job cuts nationwide, the highest tally since the first six months of 2020, when employers cut nearly 1.6 million jobs in response…
Trump’s global tariff deadline looms What Trump’s looming global tariff deadline could mean for Americans 04:55 Washington — President Trump announced Wednesday that the U.S. has reached a trade deal with Vietnam, days before the July 9 deadline when the pause on his so-called reciprocal tariffs will expire. Under the terms of the agreement, Mr….
Microsoft, a leading U.S. software company, is laying off 4% of its workforce, or about 9,000 workers, in a new round of job cuts, the company said Wednesday. The latest round of layoffs comes after the company slashed over 6,000 jobs in May and June, in an effort to streamline operations. The previous job cuts…
Del Monte Foods, whose canned vegetables and fruit have long been a staple on grocery store shelves, announced Monday that it has filed for bankruptcy and will seek a buyer. The nearly 140-year-old company is entering Chapter 11 proceedings as part of a restructuring support agreement (RSA) with its lenders. “After a thorough evaluation of all available…
Small businesses facing higher import costs because of steeper U.S. tariffs are having to find different ways of handling the added expense. Facing hefty tariffs on parts shipped from China, one small business owner took the hit by redeeming over 1.8 million reward points on his American Express card. Robert Keeley, owner of Keeley Electronics,…
