Aimee Picchi
Associate Managing Editor at CBS Moneywatch
CBS MoneyWatch associate managing editor. Business and economics coverage for CBS News. Nebula finalist. [email protected]. Opinions are my own.
Articles
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1 day ago |
cbsnews.com | Mary Cunningham |Aimee Picchi
The S&P 500 is approaching a record high, marking a stunning turnaround from April when stocks nosedived after President Donald Trump unveiled a flurry of tariffs on so-called "Liberation Day."The S&P 500 has jumped 23% since closing at its 2025 low on April 8. On Thursday, it closed up 9 points, or 0.8%, to 6,141, just three points shy of its record closing high of 6,144 on February 19.
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1 day ago |
cbsnews.com | Aimee Picchi |Alain Sherter
The U.S. economy shrank faster than previously thought during the first three months of 2025, with growth contracting for the first time in three years. The country's gross domestic product fell at an annual rate of 0.5% from January through March, the Commerce Department reported Thursday in its third and final GDP report for the period. The agency's initial first-quarter GDP report, issued in April, estimated a 0.3% decline, which was later revised to a 0.2% dip in its second print.
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1 day ago |
cbsnews.com | Aimee Picchi |Alain Sherter
The Republican budget package aims to make President Donald Trump's tax cuts permanent while offering a host of new financial breaks. Yet the "big, beautiful bill," as the legislation is dubbed, could also effectively transfer wealth from younger generations to older Americans over their lifetimes, a recent study finds.
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2 days ago |
cbsnews.com | Megan Cerullo |Aimee Picchi
BP shares jumped as much as 10% after the Wall Street Journal reported that rival Shell is in early talks to acquire the British oil company. Shares of BP jumped $3.11, or 10%, to $32.94 in early afternoon trading. U.S.-listed shares of Shell, which is also U.K.-based, meanwhile, slid 3%.
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3 days ago |
cbsnews.com | Aimee Picchi |Alain Sherter
First-ever Starbucks Global Barista champion crowned Starbucks said Tuesday that the coffee chain is changing how it charges for beverage add-ins like matcha and syrups as it moves to standardize pricing across the company's stores. Starbucks will now charge 80 cents for any combination of syrup or sauce that modifies an unflavored drink, instead of charging for each addition.
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