New Economic Changes in Cuba Viewed as More of the Same, but Will Capitalism Take Hold This Time?

By Alexander Lee Cuba Rally Picture from [CBS News]  Back in June of this year, Cuba approved a reform that includes long-sought legal status for private businesses, but skeptics say it is p...

| 08-25 21:23

Sri Lanka's PM admits economic meltdown; oil purchases stall

By Alexander Lee  Women wait in a queue to buy kerosene in in Colombo, Sri Lanka, Saturday, June 11, 2022.Sri Lanka's economy is in a state of collapse, Prime Minister Ranil Wickremesinghe a...

| 06-24 20:06

Ida's Impact on U.S. Economy Expected to Be Minimal, Analysts Predict

By Alexander Lee The aftermath of Hurricane Ida is expected to affect the energy, chemical, and shipping industries in the Gulf Coast region. However, economists believe the overall impact on the...

| 08-31 20:22

LA County Board Seeks Voter Approval to Oust Sheriff Villanueva

By Alexander LeeNext week, the Los Angeles County Board of Supervisors is slated to vote on an agenda that could put a charter change in front of voters this November, asking them if they want to give...

| 07-08 20:47

California Scientists Examine the Economic Ripple Effect of Sharks, Comparing Them to Local Canines

By Alexander LeeIn Southern California, swimmers, surfers, and local businesses have adjusted to the presence of juvenile great white sharks. Researchers are now diving deep to explore the impacts of ...

| 07-16 18:25

U.S. Stocks Climb as Fed Acknowledges Rate Hike Risks

By Alexander Lee Wednesday saw Wall Street's major stock indexes make modest gains after a day of fluctuating trading, as investors sifted through the Federal Reserve's latest interest rate polic...

| 07-06 18:17

Experts Weigh In on America's Economic Trajectory Amidst Uncertainty

By Alexander Lee Photo from [CBS News]In these uncertain economic times, with inflation and recession making headlines, it's important to gain insights from those who understand the com...

| 08-01 21:30

Stocks Surge as Investors Keep a Keen Eye on the Economy Before Retail Earnings Unfold

By Alexander Lee View of NYSE [CBS News]On Monday, Wall Street stocks made a comeback from early declines, ending the afternoon on a positive note. This shift comes as investors keep a close eye on th...

| 08-16 22:00

Economy Hits the Brakes: Federal Reserve Spots Slowing Momentum in Latest Meeting

By Alexander Lee Fed Chair Powell from last meeting [CBS News] At the most recent meeting, Federal Reserve officials noticed a deceleration in the U.S. economy, despite an aggressi...

| 08-18 19:51

The economy is showing signs of strain, but it probably hasn't entered a recession.

By Alexander Lee Photo of a market from [CBS News]  Investors are on edge, home sales have dropped sharply, and Americans are curtailing their driving and spending more on foo...

| 07-27 20:29