*By Jacqueline Corba*
For the first time in nearly three decades, women are allowed to get behind the wheel of a car in Saudi Arabia.
And while the change that went into effect Sunday may be a step forward for women's rights in the kingdom, it is also an economic move.
"The driving ban being lifted has been one in a set of limited economic and social reforms aimed specifically at making women good workers and good consumers," Human Rights Watch Acting Saudi Researcher Hiba Zayadin told Cheddar Monday. "With the drop in oil prices Saudi's strategy now is to shift the economy away from an over-dependence on oil."
And to do that, it means getting women to work.
Saudi Arabia's workforce is currently only [22 percent female](https://www.ft.com/content/c55d6cf4-8cd3-11e7-9084-d0c17942ba93), though women account for about 45 percent of the total population. PwC estimates that the number of female drivers will [reach 3 million within two years](https://www.pwc.com/m1/en/publications/women-driving-the-transformation-of-the-ksa-automotive-market.html), and if those women are better able to look for employment, that's going to have an impact. In fact, allowing women to drive will add $90 billion to Saudi Arabia's economy by 2030, according to [Bloomberg Economics](https://www.bloomberg.com/news/articles/2018-06-24/saudi-women-driving-is-seen-better-for-economy-than-aramco-ipo).
But getting everybody on board may not be so easy. The move, spearheaded by Saudi Arabia Crown Prince Mohammed bin Salman, [has some afraid of backlash](https://www.wsj.com/search/term.html?KEYWORDS=saudi%20arabia&page=2) from men reluctant to adopt more western norms. And many who champion equality reportedly remain detained for taking such a stance.
"The women's rights activists currently behind bars should be out there celebrating as well," said Zayadin. "What you are seeing on the news is women smiling with drivers licenses, but at the same time people are afraid to show solidarity for the women behind bars."
For the full segment, [click here.](https://cheddar.com/videos/saudi-arabia-lifts-womens-driving-ban)
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
A new report finds the Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
Shares of Tylenol maker Kenvue are bouncing back sharply before the opening bell a day after President Donald Trump promoted unproven and in some cases discredited ties between Tylenol, vaccines and autism. Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday. The drugmaker tumbled 7.5%. Shares have regained most of those losses early Tuesday in premarket trading.
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. His approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
President Donald Trump’s efforts to reshape the American media landscape have led to the suspension of late-night comedian Jimmy Kimmel.
