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Half of Americans say their financial situation is worse now than it was during the last presidential election, according to a new survey from Bankrate. Only 21% said their financial situation is better since 2020. Mark Hamrick, a senior economic analyst and Washington bureau chief at Bankrate, joined CBS News to discuss the survey's findings.
The shared office space company WeWork, which was at one time valued at $47 billion, has filed for bankruptcy protection.
A $2 bill with a red seal can sell for $300 to $2,500. Those with brown or blue seals can sell for hundreds.
The economy is set to be a hot-button issue ahead of the 2024 presidential election. CBS News' Lana Zak spoke with people in Baldwin County, Georgia, to see how inflation is affecting daily life and how the state of the economy could influence their vote.
One year before the presidential election, new polling shows former President Donald Trump leading President Biden on key issues to voters and in a majority of battleground states. Nancy Cordes reports.
The Federal Reserve on Wednesday held its benchmark interest rate steady for a second consecutive time while upgrading its view of the U.S. economy and leaving open the possibility of additional rate hikes should inflation quicken in coming months. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined CBS News to discuss the reasoning behind the decision.
Job growth slowed more than expected in October. The Labor Department reports employers added 150,000 jobs to the U.S. Economy. CBS News business and tech correspondent Jo Ling Kent reports on the latest figures.
Kamila Elliott, a certified financial planner, shares advice on how employees can best contribute to their retirement savings decades before exiting the workforce.
A new report from Wells Fargo has found that turkey prices are down 9% this year, while the price of cranberries are up 20%.
Earlier this week, a federal jury awarded $1.8 billion in damages against the National Association of Realtors and several real estate companies for finding that they artificially inflated brokerage commissions. Carter Evans takes a look at what the staggering payout could mean for the real estate industry.
Slight increase in job openings in September indicates U.S. job market remains strong in the face of higher interest rates.
Federal Reserve Chairman Jerome Powell will issue the central bank's latest decision on interest rates Wednesday after pausing rate hikes in September. Greg Robb, a senior reporter and economics editor for MarketWatch, joined CBS News to discuss how the Fed will make its decision.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
The first big test for the new speaker of the House will be negotiating government funding, which runs out in November. Alan Auerbach, economics professor at the University of California, Berkeley, joins CBS News to discuss the debates that need to happen to shrink the deficit.
Consumers and businesses are continuing to spend despite the headwinds of higher interest rates, fueling economic growth.
The Bank of Israel says it expects the nation's economy to slow amid the ongoing war with Hamas. For now, Israel is seeing an increase in defense spending as well as increases in support for local businesses and its citizens. Liz Alderman, the chief European business correspondent for The New York Times, joined CBS News to discuss the economic forecast.
The "American Dream" doesn't mean what it used to for many people. David Leonhardt, author of a new book about American prosperity, "Ours Was the Shining Future," joins CBS News to discuss why the dream has diminished -- and how we can get it back.
Unemployment claims in the U.S. are at their lowest level in about eight months, with first-time applications falling by 13,000 last week to 198,000. Victoria Guida, an economics policy reporter for Politico, joined CBS News to discuss the numbers.
There is uncertainty surrounding how much wealth baby boomers will be able to hand down to the next generation. Costs of assisted living and medical expenses can significantly deplete the nest egg that boomers have prepared. Ann Logue, a contributor for Insider, joined CBS News to discuss why "the great boomer wealth transfer" could be a myth.
There are growing concerns that the outbreak of war in the Middle East could tip the world economy into a recession. If Israel is brought into direct conflict with Iran, Bloomberg Economics estimates oil prices could soar to $150 per barrel. Sultan Meghji, former chief innovation officer for the FDIC, joined CBS News to discuss the potential economic fallout of the war.
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
President Biden on Friday spoke for over an hour with the families of 14 Americans who are missing following Hamas' attack on Israel. At an event in Philadelphia, he spoke about his conversation with them before an address on his economic agenda.
Census data shows that median household incomes dropped in one-third of U.S. states last year. Many of those 17 states where households lost economic ground are clustered in the Midwest and Northeast, including electoral swing states such as Michigan, Ohio and Pennsylvania. CBS MoneyWatch associate managing editor Aimee Picchi has more.
Many Americans are sour about the economy as median household incomes took a hit in one-third of U.S. states, while stagnating elsewhere.
X's AI chatbot Grok, the AI-search engine Perplexity and Google's AI summaries all provided false information in the aftermath of Charlie Kirk's assassination.
Erika Kirk, the widow of Charlie Kirk, speaks out for the first time since her husband's death on Wednesday.
Mr. Trump said that NATO's commitment to winning the war in Ukraine "has been far less than 100%."
Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University.
An ICE agent shot and killed a man in Franklin Park, Illinois, Friday morning after authorities say he attempted to drive into agents as they tried to make an arrest.
A U.S. Secret Service agent who wrote a negative social media post about Charlie Kirk has been put on leave, U.S. officials said Friday.
Missouri is the third state to seek to redraw its congressional maps ahead of next year's midterms.
The Justice Department filed a $125 million lawsuit against Uber, alleging the company discriminates against disabled passengers.
Fourteen animal shelter workers were evacuated and went to the hospital. The shelter's 75 dogs and cats were relocated or put into foster homes.