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.
Economy
America's billionaires pay lower tax rates than you do, study finds
The wealthiest 400 people in the U.S. pay a tax rate of 24%, lower than the average rate for all other taxpayers, economists find.
Questions about Trump move to fire Lisa Cook
President Trump has taken his fight with the Federal Reserve to another level, demanding the removal of one of the Central Bank's governors. Overnight, Trump posted an apparent termination letter online, saying that he removed Lisa Cook over allegations that she committed mortgage fraud. But there are questions about Mr. Trump's authority to remove Cook. CBS News' Aaron Navarro and Jo Ling Kent break the situation down.
Lisa Cook to Trump: "I will not resign"
An epic legal fight is brewing between President Trump and the Federal Reserve after he moved to fire board governor Lisa Cook. CBS News White House reporter Aaron Navarro has the latest. Then, Abha Bhattarai, economics correspondent for The Washington Post, and Tom Dupree, former deputy assistant attorney general, join with analysis.
Wired: AI eliminating young workers' jobs
Artificial intelligence is growing at a rapid pace, leaving some young workers wondering what the technology means for their future. According to a report from Wired, economists at Stanford University say they've found the strongest evidence yet that AI is starting to eliminate certain jobs for young people. Will Knight, senior writer at Wired and author of the A.I. Lab newsletter, joins CBS News to discuss.
New Federal Reserve statement on Trump, Cook
The Federal Reserve on Tuesday issued a new statement regarding President Trump's move to fire Fed Governor Lisa Cook. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
New August economic data
New Consumer confidence data released Tuesday shows a drop in August. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
The Fed's Powell is worried about the job market. Here are 3 red flags.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Economist on potential interest rate cut
Federal Reserve chair Jerome Powell signaled Friday that he could cut interest rates soon, which comes after months of pressure from the Trump administration. Allianz chief economic adviser Mohamed El-Erian tells "Face the Nation with Margaret Brennan" that many economists think Powell should cut rates earlier as well, saying that he believes that Powell "hasn't looked forward enough" on interest rates and that the Fed chair has "been very data dependent. And therefore, he has tended to be late."
Las Vegas tourism slumps, costing city billions
Tourism in Las Vegas is slumping this summer, costing the city billions. That could signal trouble ahead for the U.S. economy. Andres Gutierrez has new details.
Fed Chair Powell teases lower interest rates
Federal Reserve Chair Jerome Powell signaled Friday that he may lower interest rates. The announcement comes after months of pressure from the Trump administration.
Historian's book analyzes American capitalism
A new book called "Ages of American Capitalism" explores the Federal Reserve's role and other dimensions of economic history in America. Its author, historian Jonathan Levy, joins "The Takeout" to discuss.
Stocks skyrocket after Powell speech
Federal Reserve Chair Jerome Powell gave a speech that sent all three stock indexes soaring. Traders excavated clues of an interest rate coming. Archie Hall, U.S. economics editor for The Economist, joins "The Takeout" to discuss.
Dow surges more than 800 points after Fed's Powell hints at rate cut
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Dow Jones soars over 800 points
Investors reacted to a major speech from Federal Reserve Chair Jerome Powell, offering his strongest indication yet that interest rates may be coming. Paul La Monica, senior market analysis writer for Barron's, joins CBS News to discuss.
Fed Chair Jerome Powell signals path to rate cuts at Jackson Hole
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Fed Chair Powell faces delicate balancing act in Jackson Hole speech
Jerome Powell will address the state of the U.S. economy — and perhaps offer hints about interest rates — in a closely watched speech on Friday.
Products impacted by U.S.-EU trade deal
The Trump administration and the European Union are sharing new information about a trade framework between the EU and United States. CBS News senior business and technology correspondent Jo Ling Kent has the details.
U.S. and EU flesh out trade commitments under new framework deal
The U.S. and European Union said they have formalized a deal aimed at rebalancing their trade relationship.
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.
What to know as Target changes CEO
Target shares fell more than 6% on Wednesday after the retailer reported a quarterly drop in sales and announced a new CEO. Ted Rossman, a senior industry analyst for Bankrate, a financial services company, joins "The Daily Report" to discuss.
Inflation still outpacing wages, study finds
Four years after the pandemic caused prices to increase, a new study found that U.S. wages have still not caught up with inflation. Sarah Foster, a U.S. economy reporter and analyst for Bankrate, the service that released the report, joins "The Daily Report" to discuss.
S&P reaffirms the U.S. credit rating, citing higher tariff revenue
S&P said it is maintaining the AA+ rating on the U.S. as it expects tariff revenue will shore up the nation's finances.
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.
2 children killed, 17 people injured in shooting at Catholic school in Minneapolis
Two young children were killed and 17 others injured in a shooting during a Catholic Mass packed with young students. The shooter is also dead.
CDC Director Susan Monarez ousted weeks after she was confirmed by Senate
Susan Monarez, the director of the Centers for Disease Control and Prevention, has been removed from her job, a source told CBS News — but her attorney alleges she wasn't formally fired.
Here's what we know about the Minneapolis school shooting
Two children are dead and more are injured after a shooting at a back-to-school mass at Annunciation Catholic Church in Minneapolis.
FDA authorizes updated COVID shots with restrictions on who can get them
The Food and Drug Administration rescinded the emergency use authorization that made COVID-19 shots available for healthy children under 5 years old.
Denmark summons U.S. envoy over reported covert ops in Greenland
Denmark's primary national broadcaster says Americans linked to Trump are carrying out covert influence operations to foment dissent in Greenland.
Kilmar Abrego Garcia to seek asylum in U.S.
A lawyer for Kilmar Abrego Garcia said he has asked a judge to reopen his immigration proceedings and is seeking asylum in the United States.
Feds fail to obtain indictment against man who threw sandwich at officer
Sean Dunn allegedly threw a "submarine-style sandwich" at a CBP officer stationed in Northwest Washington, D.C., earlier this month.
Defense lawyer in D.C. tries to get client released with filing saying "Help!!!!"
A judge said in an order that it was "baffling" that the woman had been "detained in the first place."
Missing New Orleans boy was killed by an alligator, police say
Bryan Vasquez's disappearance prompted a massive search that included multiple agencies, volunteers, airboats and bloodhounds.