Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Economy
Dow Jones reaches 40,000 for first time
A strong labor market and cooling inflation fueled a spike in the Dow Jones Industrial Average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.
Breaking down April inflation numbers
Inflation declined slightly in April after two straight months of increases, the U.S. Bureau of Labor Statistics announced Wednesday. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to unpack the numbers.
Consumers fed up with soaring fast food prices
While Americans are saving a little money at the grocery store, dining out is another story. Jo Ling Kent reports on the high cost of fast food.
How voters view inflation ahead of November
U.S. inflation cooled slightly in April, but President Biden says prices are still too high. CBS News executive director of elections and surveys Anthony Salvanto explains how voters feel about rising prices' impact.
Inflation slightly cooled in April
New Consumer Price Index data indicates inflation slightly slowed in April, but certain costs of living, like gas prices and shelter, are still increasing. CBS News senior business and technology correspondent Jo Ling Kent reports.
Economic impact of Biden's new China tariffs
The White House announced new tariffs on Chinese imports Tuesday as part of an effort to protect U.S. businesses. William Reinsch, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess the policy changes.
What to know about Biden's new China tariffs
President Biden announced new steps Tuesday to keep China from undercutting U.S. companies. His administration is hiking tariffs on Chinese electric vehicles, semiconductors, batteries, solar cells, steel and aluminum. CBS News chief White House correspondent Nancy Cordes reports.
Biden ups tariffs on some goods from China
President Biden announced Tuesday increased tariffs on certain goods from China, including electric vehicles. CBS News chief White House correspondent Nancy Cordes breaks down the new tariffs on some imports.
Store closures are surging in 2024. Here are the worst-hit retailers.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
Why spending to save may be costing you more
If you buy more items than you need to get a discount, you might be guilty of "spaving" -- or spending more to save money. While retailers' clever marketing ploys convince you you're getting a deal, the practice often leads to overspending. CBS News MoneyWatch reporter Megan Cerullo explains the financial pitfall and how to avoid it.
Biden heading out West for major fundraisers
With the 2024 election less than six months away, President Biden is traveling to the West Coast on Thursday night to drum up support. Kevin Munoz, spokesperson for the national Biden 2024 campaign, joins "America Decides" to discuss what the president has planned.
FTX says it plans to pay back most customers
FTX says most of its customers will receive some of their money back nearly two years after the cryptocurrency exchange collapsed. Yesha Yadav, associate dean of Vanderbilt Law School, joins CBS News to discuss how the payback will work.
Biden campaign emphasizes economic record
A majority of voters says the economy is a major factor for them. President Biden visited Racine, Wisconsin, on Wednesday, the future home of a Microsoft data center. It's also where his predecessor, former President Donald Trump, touted a project that ended up falling flat as Mr. Biden looks to contrast their economic records.
Biden highlights new Microsoft data center
President Biden highlighted Microsoft's plans to build a new data center during his recent visit to Wisconsin, saying it would be transformative and likely create thousands of jobs. CBS News campaign reporter Aaron Navarro has more.
Vice President Harris campaigns in Detroit
Vice President Kamala Harris was in Detroit on Monday as a part of her nationwide economic opportunity tour. CBS News campaign reporter Nidia Cavazos has more.
Hiring rate slows down for white-collar jobs
According to the Labor Department, job growth slowed across the U.S. in April but remained healthy. While the number of jobless claims remains historically low, a Business Insider report is warning of a possible white-collar recession. Aki Ito, chief correspondent at Business Insider, joins CBS News to explain.
Biden economic advisor on new jobs data
U.S. job growth cooled in April, according to new data by the Department of Labor. Jared Berstein, the chair of the United States Council of Economic Advisers, joins CBS News with his outlook on the new numbers.
U.S. labor market slows in April
The U.S. job market appears to have slowed last month. 175,000 jobs were added in April, falling short of expectations, while the unemployment rate came in at 3.9%. CBS News business analyst Jill Schlesinger has more.
Some 401(k) plans may cut you a monthly check
Some companies are offering fixed monthly checks from a portion of workers' 401(k) retirement plans, according to a new report by the Wall Street Journal. CBS News contributor Javier E. David breaks down the process gaining momentum.
Fed keep rates steady: Breaking down decision
The Federal Reserve announced Wednesday it is keeping interest rates steady. The move comes as the central bank continues to deal with inflation. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss.
Fed chair says interest rate hike unlikely
The Federal Reserve announced Wednesday it is leaving interest rates unchanged. Rates are the highest they've been in more than twenty years. CBS News senior business and technology correspondent Jo Ling Kent joins to discuss.
Dearborn mayor addresses Gaza campus protests
A new CBS News poll shows that more than one-third of Michigan voters want President Biden to encourage Israel to stop its military actions in Gaza. Dearborn Mayor Abdullah Hammoud joins "America Decides" to discuss how the war in Gaza could impact the president's reelection chances.
The Fed to discuss interest rates
CBS News business analyst Jill Schlesinger breaks down what to know as the Federal Reserve is set to meet to discuss interest rates that remain at a 23-year high since last summer.
Michigan voters on state of 2024 race
New CBS News polling has President Biden and former President Donald Trump in a dead heat in three key swing states. CBS News campaign reporter Aaron Navarro spoke with Michigan voters about the tight contest.
live updates
Trump says suspect in Charlie Kirk shooting is in custody
Conservative activist and Turning Point USA co-founder Charlie Kirk died Wednesday after he was shot at an event at Utah Valley University.
Poland rejects Trump's suggestion Russian drone raid a possible mistake
Responding to President Trump, Poland's leader said, "we would also wish that the drone attack on Poland was a mistake. But it wasn't."
Trump says Charlie Kirk shooting suspect in custody. 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.
Charlie Kirk's body flown on Air Force Two to Arizona
Charlie Kirk was shot and killed at an event at Utah Valley University Wednesday. His body was flown on Air Force Two to Arizona, where he lived with his family.
Under Trump, FDA seeks to abandon expert reviews of new drugs
Advisory committee meetings help FDA scientists make decisions and increase public understanding of drug regulation, and abandoning them doesn't make sense, former officials said.
Supreme Court's upcoming term could be marked by disputes over Trump policies
Over 300 lawsuits challenging many of Trump's second-term plans have been winding through federal courts, and a handful may be poised for Supreme Court review.
Alleged drug boat from Venezuela was turning back when hit, sources say
The U.S. military strike killed 11 people who the Trump administration said were Tren de Aragua members. A Venezuelan official denied they were involved in the gang.
Trump admin. asks appeals court to allow firing of Lisa Cook before Fed meeting
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
Lawmakers scale back outdoor events after Charlie Kirk assassination
Members of Congress are curtailing outdoor events and public appearances in the wake of the assassination of conservative commentator Charlie Kirk.