Trump's expected economic impact
President Trump's economic impact could be determined by his take on big tech, immigration policies and cryptocurrencies. CBS MoneyWatch correspondent Kelly O'Grady reports.
Economy
What executive orders will Trump issue Day 1?
President-elect Donald Trump is expected to issue a flurry of executive orders after returning to the White House on Monday. Political strategists Joel Payne and Kevin Sheridan join "America Decides" with analysis.
As Biden exits, how will he be remembered for his handling of the U.S. economy?
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
Child labor in slaughterhouses spotlighted by 3 settlements this week
JSB and Perdue Farms agreed to settlements of $4 million each, while QSA, which employed 54 children, will pay $400,000.
Altium in Economy 4.0: Connecting Electronics Production for Accelerated Innovation
Altium and Renesas are enabling the drive toward Economy 4.0 ─ the digitized, interconnected, and automated economy that integrates data, AI, and the Internet of Things ─ by connecting and automating electronics creation across multiple industries.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
L.A. housing prices expected to rise
The housing crisis has long been an issue for Los Angeles thanks to high rent prices and a limited supply of homes. Prices are only expected to grow after the devastation caused by the wildfires raging in the area. Economic justice organization "Strategic Actions for a Just Economy" executive director Cynthia Strathmann joins "The Daily Report" with more.
Biden addresses wide range of topics
President Biden unexpectedly answered reporter questions on a wide range of topics on Friday, including if he regrets dropping out of the 2024 election. CBS News White House reporter Willie James Inman has details.
Stock market plunges after December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
Slowdown expected in December jobs report
The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are expected to have added 153,000 jobs last month, a significant drop from November's report that saw 227,000 new jobs. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Many Americans are leaving U.S. states with abortion bans, study finds
Abortion bans enacted since Roe v. Wade was overturned may be driving Americans to leave restrictive states, researchers find.
Another potential port strike is looming. Here's what to know.
After reaching a tentative deal that suspended a short strike in October, unionized dockworkers and port operators face another crucial test.
Top political risks that could arise in 2025
2025 is set to be another dynamic year on the world stage between the inauguration of Donald Trump, uncertainty in the Middle East, Ukraine and the South China Sea, and major political changes coming to South Korea and Canada. Ian Bremmer, founder and president of the Eurasia Group, joins CBS News to unpack the top political risks of the year.
Biggest financial stories of 2024
From the stock market to inflation, CBS News MoneyWatch correspondent Kelly O'Grady looks back on some of the big financial stories of 2024 and what to expect in 2025.
Stock market dips amid tech stock selloff
The U.S. stock market took a significant dip on Friday, fueled by a selloff in tech stocks. CBS News contributor Javier David breaks it down and looks ahead to 2025.
What is the state of the job market?
The number of Americans applying for unemployment benefits fell slightly last week. Meanwhile, the average 30-year mortgage rate hit 6.85%, the highest since July. CBS News contributor Javier David breaks it down.
What to know about after-Christmas sales from Amazon, Walmart and more
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
Poll: U.S. more hopeful for 2025 than 2024
A new CBS News poll finds Americans are more hopeful about 2025 than 2024. CBS News executive director of elections and surveys Anthony Salvanto unpacks the numbers.
Pope Francis tells Vatican staff to stop gossiping in Christmas speech
Pope Francis has told Vatican bureaucrats to stop speaking ill of one another, calling gossip "an evil that destroys social life."
Dec 12: CBS News 24/7, 10am ET
Trump rings opening bell at New York Stock Exchange; Mysterious drone sightings over New Jersey prompt concerns from residents and lawmakers.
Mortgage rates increase despite Fed's rate cut
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted Rossman joins "The Daily Report" to discuss.
Stocks rise, a day after disappointing forecast from Fed triggers sell-off
U.S. stocks are stabilizing following one of their worst days of the year.
Stock market plummets after Fed forecasts fewer rate cuts in 2025
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
Dow plunges after Powell's comments on rate cuts
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
Poland says it downed Russian drones in its airspace during Russian attacks on Ukraine
Apparent Russian drones and missiles have entered NATO members' airspace several times during Russia's war in Ukraine but no NATO country has ever tried to shoot them down.
Trump says he's "not thrilled" after Israel targets Hamas leaders in Qatar
President Trump said Tuesday he's "very unhappy" after Israel's military targeted members of Hamas in Qatar's capital of Doha.
Judge rules Lisa Cook can remain Fed governor for now as Trump tries to fire her
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Democrat James Walkinshaw to win Virginia House race, narrowing GOP majority
Democrat James Walkinshaw will defeat Republican Stewart Whitson in a Northern Virginia special House election to pick Rep. Gerry Connolly's successor, the Associated Press projects.
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.
Sen. Ruben Gallego seeks to block Ashli Babbitt from military funeral honors
In August, the Pentagon offered full military funeral honors to Jan. 6 rioter Ashli Babbitt, after denying her family's request for the honor in 2021.
Supreme Court takes up Trump tariffs, setting stage for major showdown
The Supreme Court on Tuesday said it will decide whether President Trump can impose his most sweeping tariffs.
DOJ charges man accused in deadly stabbing of Ukrainian refugee
The Justice Department charged the suspect, Decarlos Brown Jr., with one count of committing an act causing death on a mass transportation system.
Roberts halts lower court order that required Trump to unfreeze foreign aid
President Trump's administration asked the Supreme Court on Monday to allow it to freeze billions of dollars in foreign aid funding.