Understanding the fundamental characteristics of the U.S. economy system is essential for comprehending how resources are allocated, goods are produced, and wealth is distributed within the nation.

Three years ago, OpenAI CEO Sam Altman published an essay dubbed “Moore’s Law for Everything,” in which he claimed artificial intelligence would soon drastically reshape our world. “As AI produces ...

Although nearly a quarter of Americans (23%) say socialism means equality, fewer (17%) correctly identify socialism as an economic system where the government controls key factors of production and ...

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...

WASHINGTON, June 23, 2021—The World Bank today approved an additional International Development Association grant of $20 million for the Socio-Economic Inclusion of Refugees and Host Communities in ...