Many U.S. jobs are falling further behind inflation, study finds
Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
Economy
Air Canada union remains defiant after ordered to end strike on Monday
Canadian regulators once again ordered union leaders to end Air Canada's work stoppage on Monday, while employees remain defiant.
Youngstown, Ohio, revival gains momentum in former steel stronghold
After decades of steel mill closures and population loss, the city of Youngstown, Ohio, is drawing new investment and fostering small businesses.
How Youngstown, Ohio, is moving on from its past
After decades of steel mill closures and population loss, the city of Youngstown, Ohio, is drawing new investment and fostering small businesses. Dave Malkoff reports.
July wholesale prices up more than expected
The Dow Jones dipped slightly on Thursday after new inflation data showed that wholesale prices rose more than expected last month. CBS News senior business and technology correspondent Jo Ling Kent reports.
July wholesale prices higher than expected
U.S. wholesale inflation jumped unexpectedly in July, a sign that higher prices could soon hit consumers. Claire Jones, an economics editor for the Financial Times, joins to discuss.
Breaking down Trump's economic actions
A new Wall Street Journal article says that President Trump is emulating the Chinese Communist Party by extending political control deep into the economy. Barry Naughton, a professor from the University of California, San Diego, joins "The Takeout" to discuss the article.
8/7: The Takeout with Major Garrett
Higher U.S. tariffs take effect on dozens of countries; What to know about "buy now, pay later" services.
What the new CPI report means for the economy
The Labor Department reported that inflation rose at an annual pace of 2.7% last month, slightly better than what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Details on Trump's labor statistics pick
President Trump has announced E.J. Antoni, the Heritage Foundation's chief economist, as his pick to run the U.S. Bureau of Labor Statistics after the previous chief was fired amid a weaker-than-expected jobs report. Antoni on Monday criticized the monthly jobs report as flawed and suggested it be replaced with "more accurate, though less timely, quarterly data." James Bennet, D.C. bureau chief for The Economist, joins "The Takeout" with analysis.
Key takeaways from July's inflation report
Inflation in July rose 2.7% on an annual basis, which was slightly less than economists had forecast, according to a report released Tuesday. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.
Trump's BLS nominee Antoni suggests suspending monthly jobs report
E.J. Antoni, an economist nominated by President Trump to lead the Bureau of Labor Statistics, said the jobs report is flawed.
Trump delays China tariff hike for another 90 days
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
Trump's tariff war hurting auto industry in Japan
As the country's largest export, Japan's auto industry is a source of national pride. But in recent months, it has been rocked by President Trump's tariffs. The volatility has been felt acutely at Mazda, one of the nation's oldest car companies. Anna Coren reports.
Wendy's is struggling as low-income consumers cut back
Wendy's is facing softer consumer demand, with households earning less than $50,000 planning to cut back on eating out.
Why Trump's new tariffs are fueling economists' stagflation concerns
Economists caution new tariffs could pose economic risks, but the White House says growth is rebounding amid low inflation.
Details on new Trump tariffs now in effect
President Trump's broad tariffs on dozens of nations took effect on Thursday following months of threats. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump tariffs take effect: What to know
President Trump's new round of sweeping tariffs against dozens of countries are now in effect, putting import tariffs at their highest levels since the Great Depression. CBS News' Kelly O'Grady and Nancy Cordes have more.
Higher U.S. tariffs officially in effect on dozens of nations
The U.S. officially began levying higher tariffs on dozens of countries, just as the economic fallout of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
Takeaways from the Trump-Apple announcement
President Trump and Apple CEO Tim Cook announced a new $100 billion commitment to U.S. manufacturing on Wednesday. Peter Kafka, Business Insider chief correspondent, joins CBS News with analysis.
Jobs revisions could signal an economic shift, Fed official says
Federal Reserve Governor Lisa Cook said the significant downward revisions to the monthly jobs numbers could point to an economic shift.
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.
Understanding the Bureau of Labor Statistics
President Trump's firing of the Bureau of Labor Statistics chief following a lackluster jobs report has sparked debate over how the agency gets its data. Ben Casselman, the chief economics correspondent for the New York Times, breaks it down.
Trump defends firing labor statistics chief
The White House is defending President Trump's decision to fire the head of the Bureau of Labor Statistics following a weaker-than-expected July jobs report. CBS News' Olivia Rinaldi and Kelly O'Grady have the latest.
Ex-labor statistics chief on Trump firing
President Trump fired the Bureau of Labor Statistics commissioner on Friday. The reason cited, though it lacked evidence, was that last week's job report was "rigged." Katharine Abraham, who held the position from 1993 until 2001, joins "The Takeout" to discuss.
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.
Trump administration moving detainees out of "Alligator Alcatraz"
Immigration officials are moving detainees out of a controversial, state-run detention center in the middle of the Florida Everglades dubbed "Alligator Alcatraz."
CDC Director Susan Monarez refuses to step down, arguing only Trump can fire her
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 attorneys called her firing "legally deficient."
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.
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.
Powerball jackpot nears $1 billion mark at estimated $950 million
Saturday's Powerball jackpot has an estimated cash value of $428.9 million.
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.
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.
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."