Sabri Ben-Achour

Correspondent & Host

Latest Stories (617)

Major retailers lower prices as competition heats up

May 23, 2024
Target and Walmart are among the outlets competing for the dollars of consumers who may have reached the limit of what they will pay.
"We've made price cuts on 1,500 frequently shopped items," Target CEO Brian Cornell told investors.
Joe Raedle/Getty Images

The high stakes trade that can move entire currencies 

May 16, 2024
The “currency carry trade” is one way investors chase returns by moving their money from one country to another, and it can move currency markets. It’s emblematic of the power of interest rates to slosh money around the globe, and it may be growing. 
Currency carry trade is a particular type of bet that investors make when they think they can earn more money in one country than in another.
Kazuhiro Nogi/APF via Getty Images

How GE made history: a look back at an iconic conglomerate

May 8, 2024
In April, General Electric split itself up to focus on wind power, aerospace and health care. Its finance and media divisions are long gone.
A General Electric employee viewed rows of wind turbine parts in 2021. GE was an "incredible industrial company and built truly incredible things," reporter Ted Mann said.
Sebastien Salom-Gomis/AFP via Getty Images

When the government can no longer pay full Social Security benefits

May 7, 2024
Monday's report on the system's "go-broke" date raises questions about how Social Security is funded.
Projections indicate that Social Security and Medicare benefits will be cut immediately after 2033 by 21%, says Will McBride, vice president of federal tax policy at the Tax Foundation.
Bill Oxford via Getty Images

U.S. and Europe chafe over "overcapacity" — but is it real?

May 6, 2024
Is the problem unfair industry subsidies, or is China just better at making electric vehicles?
The U.S. and Europe say China is flooding countries with leftover electric cars, like the ones made by BYD, above.
STR/AFP via Getty Images

Why does the world want dollars? Because of high interest rates, thriving economy in U.S.

Apr 23, 2024
The greenback is so strong that Japan and South Korea have complained.
“The U.S. has strong growth, strong earnings potential, and so we’re drawing in global equity investment,” said Win Thin at Brown Brothers Harriman.
Azure-Dragon/Getty Images

Monday was a big filing day for PACs and other political groups

Earlier this week, political campaigns and PACs had to turn in numbers on spending and fundraising to the Federal Election Commission.
"Having cash on hand becomes an important metric for understanding how much by way of resources a campaign or a PAC has yet to spend," said University of Mary Washington's Rosalyn Cooperman.
Stefani Reynolds/AFP via Getty Images

Demand for Treasury bonds dips in times of uncertainty

Apr 16, 2024
Investors fear missing out on higher rates of return by locking up the money they put in for 10 years or more.
Thanks to uncertainty about the Fed's next move, bond traders may not be too excited about upcoming Treasury bonds.
Kevin Dietsch/Getty Images

Tesla cuts more than 10% of global workforce as challenges mount

Apr 15, 2024
The electric vehicle maker faces softening demand and intense competition on prices, and earlier price cuts have not sufficiently jolted sales.
Tesla’s deliveries dropped by 8.5% in the first quarter, making it the first decline in four years.
Brandon Bell/Getty Images

Washington, D.C., is a test case for phasing out the tipped minimum wage

Apr 12, 2024
“Now, it is leaner crews,” says one restaurant server, but a more stable income. Other states are watching how it plays out in the capital.
Shortly after the phaseout of the tip credit started in Washington, D.C., last year, employment at sit-down restaurants started to fall sharply, according to state-level data from the Bureau of Labor Statistics.
Eva Marie Uzcategui/AFP via Getty Images