The layoffs affected several dozen employees at the news division, which is owned by the technology heir David Ellison. The company is also shuttering CBS News Radio.
The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern.
Critics fear the consolidation will add to strains facing local news and degrade coverage.
Federal Reserve Board issues enforcement actions with former employee of Ally Bank and former employee of Regions Bank
The interest rate on government debt is climbing over fears about inflation, interest rates, and public spending, experts have said.
Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken.