Fed lowers interest rates by 0.25 percentage points in first cut since 2024
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Consumer News
Survey: Holiday shopping starts early
A new Bankrate survey finds nearly half of holiday shoppers plan to start buying gifts before Halloween, with many worried about rising costs. CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" with tips on how to plan ahead and avoid the last-minute rush.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
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.
Trump orders crackdown on some pharma ads, RFK Jr. releases child health report
President Trump ordered the FDA to enforce rules on direct-to-consumer drug ads, after HHS Secretary Robert F. Kennedy Jr. released a report on the administration's approach to healthy outcomes for children and families.
Apple unveils new Phone 17, upgraded AirPods and watch at annual launch
Apple's annual technology showcase includes the iPhone 17, along with refreshed AirPods that can offer live translation.
The U.S. has lost thousands of manufacturing jobs this year, analysis finds
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
Americans' confidence in finding a new job is crumbling
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Advice for Powerball winners
Americans are eagerly awaiting the Powerball drawing for an estimated $1.7 billion. Dan Geltrude, a certified public accountant, joins CBS News with advice for the lucky winners.
CBS News poll finds Americans describe "uncertain" economy
Most Americans say prices are going up and expect them to keep going up.
Amazon says it's ending the Prime Invitee program. Here are the details.
Amazon wants users who don't live with a Prime account holder to sign up for their own memberships.
5 costly mistakes to avoid before buying your next car, according to Edmunds
A 2025 analysis from Edmunds reveals that nearly 20% of new car buyers are committing to monthly payments of $1,000 or more.
Why Cracker Barrel's new logo is a flop, according to branding experts
Cracker Barrel misread its own customer base — and our culturally sensitive times — in revamping its image, experts say.
Almost half of adults say they are ordering kids' meals. Here's why.
Adult customers admit to ordering from kids' menus to save money and eat smaller portions, a new survey shows.
4 reasons why the Trump tariffs haven't caused U.S. inflation to soar
For months, economists warned that the Trump administration's sweeping tariffs would sharply boost consumer prices. Here's why it hasn't happened.
Walmart recalls Great Value shrimp after FDA warns of radioactive risk
Some packages of Great Value frozen shrimp sold at Walmart are at risk for potential for Cesium-137 contamination, the FDA says.
Fake Labubu dolls pose safety hazard to kids
Viral plush toys called Labubus are taking over the internet, but it has also inspired counterfeits. According to the Consumer Product Safety Commission, the fraudulent dolls can break apart easily and are small enough to lead to choking hazards.
Back to school season is here. See these tips to save money.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
Why Nevada is facing worsening food insecurity
High costs and cuts to federal government subsidies have made the nation's food insecurity crisis worse. Andres Gutierrez reports on the struggle to put food on the table in Nevada.
New York AG sues Zelle parent company, alleging lack of fraud safeguards
The lawsuit alleges that Early Warning Services, Zelle's parent, failed to implement safeguards, enabling fraudsters to steal more than $1 billion.
Amazon expands same-day grocery delivery to 1,000 cities
Amazon expands same-day grocery delivery service so more customers can get their goods within hours.
GE Appliances moving some output from China, Mexico to U.S. as part of $3B plan
GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations in the U.S.
Spirit shares plunge after airline warns it's facing cash crunch
Just months after emerging from Chapter 11 bankruptcy, Spirit Airlines is warning about its ability to stay in business.
Inflation rate rose by 2.7% in July, CPI report shows
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
Bed Bath & Beyond brand returns with new store in Nashville
The first Bed Bath & Beyond Home store will open Friday in Nashville, where shoppers will be able to use legacy coupons to get discounts.
live updates
Watch Live: Charlie Kirk memorial service honors conservative activist
President Trump, Vice President JD Vance and Erika Kirk are speaking at Sunday's memorial service for Charlie Kirk, founder of Turning Point USA, at State Farm Stadium in Arizona.
U.K, Australia and Canada recognize Palestinian state despite U.S. opposition
More than 140 countries have already taken that step and more are expected to do so at the U.N. General Assembly this week, including France.
Macron calls Ambassador Kushner's criticism of France "unacceptable" for diplomat
In an interview with CBS News' "Face the Nation with Margaret Brennan," the French president pushed back on criticism for recognizing a Palestinian state.
Former Trump economic official says "we've seen the job market degrade"
Gary Cohn, IBM vice chair and director of the National Economic Council in the first Trump term, said for companies in a "very difficult environment," cutting down on the cost of labor is "the one lever they can pull."
Exclusive
ICE threatens lawsuits if Democratic states don't hold migrants
The Department of Homeland Security is escalating its clash with so-called sanctuary states, warning multiple states they could face legal action, CBS News has learned.
Pentagon to impose new limits on media, documents show
The Pentagon's new guidelines were sent to reporters on Friday.
Newsom signs bill barring on-duty federal officers from wearing masks in California
California Gov. Gavin Newsom also signed bills enhancing protections for children at schools, hospitals.
1 dead, 2 injured in shooting at New Hampshire country club; suspect arrested
One person is dead and several people were wounded during a shooting Saturday night at Sky Meadow Country Club in Nashua, New Hampshire.
Rabbi Angela Buchdahl on Rosh Hashanah, and a return to "our better selves"
As the Jewish calendar marks Rosh Hashanah, Rabbi Angela Buchdahl offers a message to us all about commemorating the New Year.