Trump fires labor statistics chief after disappointing job numbers
President Trump said he ordered his administration to fire Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report.
MoneyWatch
Latest News
Tesla ordered to pay $200 million in punitive damages over fatal crash
Tesla must pay a total of $329 million in damages after a court found the electric car maker partially liable for a 2019 crash.
AI is leading to thousands of job losses, report finds
The advent of AI in the workplace is one factor behind a spike in layoffs this year, new labor data shows.
Corporation for Public Broadcasting to end operations after federal cuts
The Corporation for Public Broadcasting is a nonprofit that provides funds to public radio and TV stations, including NPR and PBS.
Employers added 73,000 jobs in July, falling short of forecasts
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
Stocks slide as investors digest hiring slowdown and new U.S. tariffs
Stocks are slumping after labor data showed that hiring across the U.S. was weaker than expected in July and investors assessed the impact of tariffs.
Trump unveils new tariffs on dozens of countries
The Trump administration is poised to hit dozens of nations around the world with higher tariffs.
Student loan interest for millions resumes on Aug. 1. Here's what to know.
Millions of borrowers in forbearance through the SAVE plan will see interest start accruing on Friday. Here's what to know.
How new U.S. tariffs on the EU and U.K. could affect the cost of booze
Steep American tariffs on the European Union and United Kingdom could mean higher prices for imported wines and spirits, merchants say.
Managing Your Money
More
$10,000 3-month CD vs. $10,000 high-yield savings account: Which earns more interest now?
Both CDs and high-yield savings accounts have high rates now. Here's which earns more interest on a $10,000 deposit.
$100,000 HELOCs: 3 questions homeowners should ask before borrowing equity now
Homeowners should avoid jumping into a $100,000 HELOC without knowing the answers to these three timely questions.
Why 1-ounce gold bars could be a smart investment this August
Want to add physical gold to your investment portfolio? If so, 1-ounce gold bars could be your best bet right now.
From Our Data Team
Tracking rising cost of cars, trucks, groceries ahead of Trump's tariffs
CBS News is tracking the rising cost of products most impacted by tariffs imposed and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Retirement
How the FIRE movement is inspiring early retirees
Nik and Adinah Johnson, who retired in their forties, are part of FIRE (Financial Independence, Retire Early), a movement that looks at work as a means to an end, and where frugality buys freedom from the rat race.
Americans are holding off on retirement over money concerns, study finds
About 23% of people over 50 want to delay their retirements over financial readiness and economic worries, a survey found.
Half of all private-sector workers lack access to a retirement plan
Tens of millions of Americans are unable to save for retirement through their jobs. "That's not a gap — it's a crisis," one expert says.
Work
Women making strides at work have one thing in common: a college degree
New research shows a growing divide between women in the workforce who hold a college degree and those who do not.
Recent college graduates face a new obstacle in finding a job: AI
Unemployment is rising among recent college grads as employers turn to artificial intelligence to handle entry-level work.
Layoffs across the U.S. reach highest level since 2020. Here's why.
Companies have reported more than 744,000 job cuts this year — the highest figure since the first six months of 2020, according to an outplacement firm.