Volkswagen could close plant in Germany for the first time ever
Scrambling to cut costs, Germany's Volkswagen warns it could shutter factories in the automaker's home country amid rising competition.
Economy
Food prices remain high for Labor Day
People are making some adjustments to meet the high food prices at the grocery store. As Labor Day Weekend approaches, these are the ways Americans are making their money last for their holiday weekend BBQ. CBS News' Janet Shamlian has more.
Inside Harris and Trump's competing tax plans
Vice President Kamala Harris and former President Donald Trump's tax plans could affect your paychecks in very different ways. CBS MoneyWatch associate managing editor Aimee Picchi has a look at each of them.
New numbers show U.S. economy grew 3% in Q2
Revised numbers from the Bureau of Economic Analysis show the U.S. economy grew in the second quarter of 2024 with the Gross Domestic Product jumping by 3% and corporate earnings increasing to $57.6 billion. CBS News senior business and tech correspondent Jo Ling Kent has more.
Middle-class Americans push back retirement
About half of middle-class Americans who are employed plan to work past 65, according to a study from the Transamerica Center for Retirement Studies and the Transamerica Institute. CBS News MoneyWatch reporter Aimee Picchi has more.
U.S. consumer confidence on the rise
The Conference Board, a nonprofit research group, says both the long-term consumer confidence index and the short-term expectations index rose in August. CBS News contributor Javier E. David has more on what that means.
Fed Chair Jerome Powell signals "time has come" for interest rate cuts
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
Canada's freight train shutdown to end as government steps in
The Canadian government has ordered the country's two major freight railroads to enter binding arbitration.
ATM fees reach 26-year high with charges topping $5 in some cities
The average out-of-network ATM fee climbed to $4.77 this year, a 4-cent increase from 2023, a new survey found.
What you need to know about Canada's rail halt
Canada's two largest railroads have ground to a halt after an ongoing labor dispute couldn't be resolved before a deadline.
The job market was weaker than earlier reported, new data shows
New government data shows the job market was weaker than earlier reported. That could pave the way to a September rate cut.
Real estate market, interest rates shift
The real estate market in the U.S. may see some movement when the Federal Reserve Board makes a decision on potentially cutting interest rates in September. CBS News contributor J.D. Durkin has more.
Gina Raimondo on DNC, state of economy
Secretary of Commerce Gina Raimondo is attending the Democratic National Convention in her capacity as former governor of Rhode Island and joins CBS News with more on the state of the economy and how Vice President Kamala Harris would take on rising costs.
What voters are saying about the economy
Vice President Harris unveiled her economic plan last week with inflation and home prices top of mind for many Americans. CBS News' Adriana Diaz spoke with voters about their thoughts on the economy and which candidate they think can steer it better.
Full Trump-Biden debate
At the first of three presidential debates between President Trump and former Vice President Joe Biden, the candidates were asked about a wide range of topics, including the coronavirus pandemic, the economy and ongoing protests against police brutality and racism. Moderator Chris Wallace often had trouble controlling the affair, as he had to rebuke the president for interrupting multiple times. Watch the full debate.
Economy takes center stage in presidential race
Former President Donald Trump has focused his latest line of attacks against his rival on the economy, which comes after Vice President Kamala Harris unveiled her first round of economic policy proposals. Natalie Brand has more.
Harris focuses on economy in campaign speech
Kamala Harris unveiled her "Opportunity Economy" plan during a campaign speech in North Carolina on Friday. During her first major policy pitch to working and middle class voters, she emphasized a push to lower prescription drug prices and a potential federal ban on grocery price gouging.
Harris releases economic plan aiming to lower housing costs, end price gouging
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
Harris lays out her economic vision
Vice President Kamala Harris released her first major economic policy proposal since entering the presidential race. The plan, aimed at middle-class voters, includes money for new homebuyers, expansion of the Child Tax Credit and government action on grocery prices. Nancy Cordes reports from Raleigh, North Carolina.
Harris lays out proposal for economic relief
Vice President Kamala Harris laid out an economic agenda she seeks to implement in the first 100 days if elected president. Her proposal includes an expansion of the Child Tax Credit, helping first-time home buyers with their down payments and banning price gouging for groceries. CBS News chief White House correspondent Nancy Cordes has more.
Kamala Harris unveiling economic plan
Vice President Kamala Harris will lay out the details of her economic plan and proposed policies if she is elected president in November. CBS News chief White House correspondent Nancy Cordes previews the campaign event in Raleigh, North Carolina.
What to know about new real estate rules
Starting Aug. 17, new regulations will change how real estate commissions are handled, potentially lowering costs for homebuyers and sellers. Under the new rules, buyers and sellers will have the opportunity to negotiate commissions directly with their agents, a shift that could impact everyone involved in the real estate market.
Harris, Trump focus on economy
Democratic nominee Kamala Harris delivers an economic speech in North Carolina, following her first joint appearance with President Biden since she replaced him on the ticket. Meanwhile, Republican nominee Donald Trump attacks Harris and the Biden administration's economic policies.
Kamala Harris lays out economic agenda
Vice President Kamala Harris has announced several proposals for her first 100 days in office aimed at lowering costs for American families, should she win the election. Her economic agenda includes a tax incentive to build a starter home, up to $25,000 in down-payment assistance to first-time homebuyers, expanding the Child Tax Credit, and a tax cut for lower-income individuals and couples. CBS News campaign reporter Hunter Woodall has more.
Americans spending less on travel, WSJ finds
Americans are hitting the brakes on their travel spending, according to new reporting from the Wall Street Journal, with executives from companies like Expedia and Hilton expecting Americans to take fewer trips in the coming months, pointing to signs of "softness" in spending. Paula Twidale, senior VP of travel for AAA, joined CBS News to discuss the trend.
live updates
Charlie Kirk shot and killed at Utah event; manhunt for shooter ongoing
Conservative activist and Turning Point USA co-founder Charlie Kirk died Wednesday after he was shot at an event at Utah Valley University.
Nation holds tributes to mark 24 years since 9/11
President Trump is attending the ceremony at the Pentagon.
Search for Charlie Kirk's killer continues. Here's what we know.
Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University. Authorities have not identified a suspect.
British ambassador to U.S. fired over his ties to Jeffrey Epstein
Britain's Ambassador to the U.S., Peter Mandelson, has been fired by Prime Minister Keir Starmer over "the depth and extent" of his relationship with Jeffrey Epstein.
Hyundai CEO says immigration raid will delay battery plant's construction
Construction will be delayed by up to three months as the plant now grapples with shortage of workers.
Nadine Menendez sentenced to more than 4 years in bribery case
Nadine Menendez, the wife of former Sen. Bob Menendez, was convicted of accepting cash and gold bars in exchange for political favors.
Social Security COLA could increase 2.7% in 2026, new estimate shows
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
Map shows West Nile virus cases as officials warn season isn't over
Health officials are warning the West Nile virus season isn't over yet. Here's where the mosquito-borne illness has been spreading.
Prince Harry has his first meeting with dad King Charles in 19 months
On a rare trip back to the U.K., devoted mostly to charity events, Prince Harry may have begun the reconciliation with his family he's said he wants.