Target's profit craters after it cut prices to clear inventory
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
Watch CBS News
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
President Biden is signing the Inflation Reduction Act, making it officially a law, on Tuesday.
The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future.
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Inflation was up again in June, with the latest numbers showing the highest annual rate since 1981.
Inflation was up again in June with the latest numbers showing the highest annual rate since 1981.
Inflation was up again in June with the latest numbers showing the highest annual rate since 1981.
The U.S. Postal Service cites inflation and rising operating costs as the reason for the price hike.
Inflation continues to disrupt the market.
Dining out may be a bit more expensive moving forward.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Inflation is not an easy issue to solve, and the candidates usually have several ideas.
It will be the largest rate hike in more than two decades, so why is the Federal Reserve making this move?
Figuring out the right time to retire is more challenging than ever.
Figuring out the right time to retire is more challenging than ever.
KDKA's Royce Jones talks to an expert on how you can save money.
KDKA's Amy Wadas visited small businesses in Washington County whose owners say this inflation is the worst they've ever seen.
Small business owners in Washington County say this inflation is the worst they've ever seen.
Inflation is impacting prescription medicine costs.
When the cost of goods and services goes up, so does the cost of everything else, including the price of watching your child.
What really is inflation?
As many experience the pain of higher costs, there are ways to navigate without cutting back too much.
A bus driver in Dauphin County, Pennsylvania, was charged after she had a gun on her while driving kids to school, authorities said.
Miller Moss passed for 339 yards and three touchdowns to lead Louisville to a 34-27 comeback win over Pittsburgh.
Abrego Garcia's lawyers argued that travel to Moshannon is far more difficult for members of the defense team based in Nashville, and not easier for those in New York.
A man was stabbed multiple times inside a Pittsburgh home, and police arrested a woman who is now in custody at the Allegheny County Jail.
A work truck with Pennsylvania plates was stolen on West Virginia's campus sometime on Friday.
A bus driver in Dauphin County, Pennsylvania, was charged after she had a gun on her while driving kids to school, authorities said.
Miller Moss passed for 339 yards and three touchdowns to lead Louisville to a 34-27 comeback win over Pittsburgh.
Abrego Garcia's lawyers argued that travel to Moshannon is far more difficult for members of the defense team based in Nashville, and not easier for those in New York.
A man was stabbed multiple times inside a Pittsburgh home, and police arrested a woman who is now in custody at the Allegheny County Jail.
A work truck with Pennsylvania plates was stolen on West Virginia's campus sometime on Friday.
President Trump's Justice Department has brought criminal charges against James Comey, indicting him on two counts, though a federal grand jury rejected one count.
The Trump administration is raising the stakes as Congress faces a looming deadline to pass a government funding bill.
President Trump on Thursday signed an executive order that paves the way for a deal brokered by his administration to keep TikTok operating in the U.S.
Jimmy Kimmel returned to his late-night show just less than a week after network broadcaster ABC pulled "Jimmy Kimmel Live!" over remarks he made about the assassination of conservative activist Charlie Kirk.
The Trump administration announced it believes acetaminophen is linked to autism risk, but the maker of Tylenol and medical experts have strongly pushed back on the claims.
As Starbucks announces its plan to close "underperforming" locations nationwide, at least two Pittsburgh stores will close their doors this weekend.
Next week, the electric vehicle tax credit will end, and if you're looking to buy a new car, you might need to act quickly.
A popular shopping destination in Robinson Township could soon have a new owner.
A Fayette County flower shop is sounding the alarm after learning another out-of-state business appears to be impersonating its company.
Several areas in Butler County fall under the voluntary notice, and it's expected to last indefinitely.
That's a wrap for this week on PTL!
We've got a special crossover this morning with colder temperatures on the horizon. Thermo Twin Windows is teaming up with KDKA Meteorologist Ray Petelin to talk about how that cool breeze during the winter can creep into your home.
When you think of flowers, you think of things like love, Valentine's Day, and the like, but with Halloween coming soon, Neubauer's Flowers has a unique selection for your home. Team PTL's Katie O'Malley checked out all they have to offer!
While most puppies learn how to sit, stay, and not chew your favorite shoes, Jeeves had a more unique journey to becoming a service dog that included a stop at a federal prison. Canine Companions stops by to tell us his story!
David and Ron are joined in studio by Daniel Hill, the owner of House Call Personal Training to learn some at-home workouts that will help fit into your busy lives!
A Fayette County flower shop is sounding the alarm after learning another out-of-state business appears to be impersonating its company.
Pittsburgh councilmembers plan on introducing new legislation that will change the zoning code for vape shops.
People who live next to a blighted and abandoned property in Sharpsburg say they're living in a nightmare.
The new year is starting at Pittsburgh's colleges and universities, but there will be fewer international students on campus.
After buying a home in Beaver County, a couple says they were appalled when they found a swastika permanently tiled into the basement floor.
President Trump's announcement this week about an alleged link between Tylenol and autism has drawn pushback from medical experts.
Andy Potocki went to the dentist in February of 2024 and asked his hygienist about some tenderness in his jaw.
The annual Walk to End Alzheimer’s is coming up this fall. Hear more about how the walk benefits Pittsburgh neighbors.
A third human case of West Nile virus has been confirmed in Allegheny County.
The Monessen City School District is aware of more than five cases of hand, foot, and mouth disease in its elementary school.
Miller Moss passed for 339 yards and three touchdowns to lead Louisville to a 34-27 comeback win over Pittsburgh.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Penguins fans are expected to pack PPG Paints Arena for Marc-Andre Fleury's final game in Pittsburgh.
Spencer Horwitz went 3 for 3 with two homers and four RBIs, Tommy Pham added a two-run shot and the Pittsburgh Pirates beat the Atlanta Braves 9-3.
Fox Chapel parents voiced disappointment after the team's coaching staff asked Pine-Richland for mercy ahead of Friday's game.
Nippon Steel and U.S. Steel are pledging $100 million in upgrades to the historic plant in the Mon Valley.
A Fayette County flower shop is sounding the alarm after learning another out-of-state business appears to be impersonating its company.
Businesses in Pittsburgh are preparing for a busy weekend.
Sheetz is the second-best employer in the nation for retail workers, according to a new list from Fortune.
Forbes has ranked the top 400 richest people in America, and the list features billionaires from the Pittsburgh area.
Two major TV station owners, Sinclair and Nexstar, said they would return "Jimmy Kimmel Live!" to the air Friday after preempting the show last week.
Jimmy Kimmel returned to his late-night show just less than a week after network broadcaster ABC pulled "Jimmy Kimmel Live!" over remarks he made about the assassination of conservative activist Charlie Kirk.
These big productions mean big dollars, especially for small communities.
Pittsburgh was one of five municipalities in the United States to receive the designation in 2025.
Combs faces an Oct. 3 sentencing after his conviction by a Manhattan jury on two charges that outlaw interstate commerce related to prostitution.
Watch as teams from McGuffey, Grove City, and Ringgold high schools compete on this edition of KD Quiz!
Watch as teams from McGuffey, Grove City, and Ringgold high schools compete on this edition of KD Quiz!
Watch as teams from McGuffey, Grove City, and Ringgold high schools compete on this edition of KD Quiz!
Watch as teams from McGuffey, Grove City, and Ringgold high schools compete on this edition of KD Quiz!
Citing "specific threats of violence" FBI Pittsburgh field agents, local, and federal law enforcement carried out a raid at a Wilkinsburg home on Friday morning.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
West Virginia scored a late touchdown to tie the game and then beat Pitt in overtime to win the 108th Backyard Brawl.
Eli Holstein threw for 304 yards and 4 touchdown passes in the 45-17 Panthers' win over the Chippewas.
Spaun made a thrilling 64-foot birdie putt to win the U.S. Open at Oakmont Country Club.
It was a wet and rainy day at Oakmont Country Club for the third round of the U.S. Open.
