Amazon Prime Day arrives amid inflation and "frugal" shoppers
Amazon's Prime Day, which runs July 12 to 13, arrives as online sales growth is slowing.
Economy
Biden heads to Middle East for first official visit
President Biden will travel to Saudi Arabia and Israel this week for his first official visit to the region since taking office. The White House confirms the president will hold talks with the Saudi king and Crown Prince Mohammed bin Salman. He will also meet with Palestinian officials in Israel's occupied West Bank. Zeke Miller, a CBS News political contributor and White House reporter for the Associated Press, joined CBS News' John Dickerson to discuss.
Twitter stock plunges on prospect of legal battle with Elon Musk
After billionaire Elon Musk said that he was abandoning his $44 billion buyout, Twitter vowed to pursue him in court.
Prices of essential items continue to surge
Americans are seeing a significant price increase for essential items, hitting a 40-year high. Sarah Foster, an analyst for Bankrate.com, joins "CBS News Mornings" to discuss how Americans can combat the rise in the cost of goods.
Are corporate profits driving inflation?
There are two commonly-accepted aspects of economics that determine prices: supply and demand. But some say a third factor is companies' pursuit of increased profits in the midst of supply-and-demand chaos stirred by war and pandemic. Correspondent David Pogue talks with former Treasury Secretary Larry Summers, former Labor Secretary Robert Reich, and economist Mike Konczal about the legitimacy of corporate avarice
Sri Lankan opposition meets to install new government amid turmoil
Sri Lanka's opposition political parties are meeting to install a new government a day after the president and prime minister offered to resign in the most dramatic day of monthslong political turmoil.
Mick Mulvaney weighs in on the U.S. economy
Mick Mulvaney, former acting White House chief of staff, spoke to CBS News’ Catherine Herridge about the current state of the U.S. economy and why he believes a recession is "inevitable."
White House responds to Abe shooting death
President Biden released a statement Friday following the shooting death of former Japanese Prime Minister Shinzo Abe. CBS News correspondent Christina Ruffini joined Nancy Chen and Anne-Marie Green to discuss the president's reaction as well as his upcoming remarks and executive orders on abortion rights.
Las Vegas home prices drop for first time in 2 years
Home prices in Las Vegas have dropped for the first time in over two years. According to the Las Vegas Review Journal, increasing mortgage rates and decreasing home sales are causing the trend. Eli Segall, a real estate reporter for the Las Vegas Review Journal, joins CBS News' Jamie Yuccas to discuss.
Dems propose raising taxes on high earners to preserve Medicare
Sens. Joe Manchin and Chuck Schumer craft a scaled-back version of the economic package thwarted by Manchin last year.
U.S. jobless claims reach 235k, highest in nearly six months
While layoffs remain low, they've risen for five consecutive weeks to reach 235,000 in the week that ended.
7/6: Red and Blue
Pat Cipollone to testify before Jan. 6 committee; Labor Dept. reports job openings near record high
President Biden unveils pension relief
On a visit to Cleveland, Ohio, President Biden announced details of a plan to address troubled pension funding for millions of Americans. CBS News political correspondent Caitlin Huey-Burns joins Tanya Rivero and Elaine Quijano with more on the plan, how it could impact the midterm elections, and the recently announced departure of the White House communications director.
Concerns linger on gas prices and inflation
Financial Times U.S. economics editor Colby Smith joins "Red and Blue" to break down what natural gas prices skyrocketing in Europe mean for the U.S., where gas prices may go next, and how worried people should be about inflation.
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Stocks rise after Fed admits more rate hikes could weaken economy
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Job openings fell in May but remained near historic high
Employers advertised fewer jobs as the economy showed signs of slowing, but there are nearly two job openings for every unemployed person.
Can't "out-budget" inflation? Here are things you can do
Rising prices feel impossible to manage when money is already tight. These tips might help.
U.S. stocks fall as inflation, energy weigh on growth
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Biden claims U.S. inflation rate lower than other nations
President Biden Thursday said the U.S. is better positioned to deal with inflation than any other nation in the world. David Nelson, chief strategist of Belpointe Asset Management, joins CBS News' Ben Tracy to discuss the state of the economy.
Stocks fall as report reveals pullback in consumer spending
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Ben & Jerry's objects to sale of its ice cream in West Bank
Sale means brand will return to Israel and West Bank — with or without Vermont ice cream maker's support.
Key inflation gauge rose 6.3% in May, unchanged from April
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
3 police officers killed, 2 wounded in York County, Pennsylvania, shooting; suspect dead
Three police officers were fatally shot and two others were wounded in a shooting Wednesday.
ABC pre-empts "Jimmy Kimmel Live!" over Kimmel's Charlie Kirk comments
ABC's announcement came as media giants Nexstar and Sinclair announced they would preempt Jimmy Kimmel's show indefinitely on all their stations over his remarks.
Exclusive
Suspect arrested for allegedly making threat against Utah college where Kirk was killed
On the same day that Tyler Robinson was formally charged with killing Charlie Kirk at a Utah university, a suspect was taken into custody for allegedly making threats against the same college.
Breaking
Trump announces he's designating antifa as a "major terrorist organization"
President Trump late Wednesday called for investigations into alleged funders of antifa.
Charlie Kirk's accused assassin feared being shot by police, sheriff says
Washington County Sheriff Nate Brooksby held a news conference on Wednesday and went through the timeline of events, dispelling certain false reports that had been spreading online.
Maps show the forecast track of Tropical Storm Gabrielle
Tropical Storm Gabrielle formed Wednesday morning over the central Atlantic Ocean, becoming the seventh named storm of the 2025 Atlantic hurricane season.
Pentagon reviewing service members' social media posts on Charlie Kirk
Hegseth and each service secretary said posts mocking or celebrating the assassination of Charlie Kirk are unacceptable.
Florida executes man for 1990 triple murder, marking state's 12th execution this year
A Florida man convicted of killing his estranged wife's sister and parents and setting their house on fire was put to death Wednesday.
The IRS will soon set its 2026 tax brackets. See how yours could change.
The IRS adjusts its tax provisions for inflation every year, which can help taxpayers avoid so-called "bracket creep."