Economic growth hit the brakes in the first quarter
The economy grew at a tepid 1.1% rate, showing that the Fed's interest rate hikes are taking effect.
Economy
Microsoft-Activision Blizzard deal blocked
British antitrust regulators have blocked Microsoft's $69 billion deal to buy video game maker Activision Blizzard. In a statement Wednesday, Britain's Competition and Markets Authority said, "we've prevented Microsoft from purchasing Activision over concerns the deal would damage competition in the cloud gaming market, leading to less innovation and choice for UK gamers." The all-cash deal was set to be the biggest in the history of the tech industry. Michael Pachter, a managing director at Wedbush Securities, has more.
Market concern on bank earnings, debt ceiling
The Dow Jones closed in the red Wednesday as investors reacted to earnings reports and falling shares of First Republic Bank. Axios markets correspondent Emily Peck joined CBS News to discuss what this means for investors and the economy.
Pandemic's impact on commercial real estate
Victor Calanog, the head of commercial real estate economics for Moody's Analytics, joins Errol Barnett and Roxana Saberi to discuss the lasting effect the pandemic has had on commercial real estate. He details rising office space vacancy, what's shifted for storefronts, and more.
Stocks slide after earnings reports
Stocks closed in the red across the board Tuesday, as investors react to first quarter earnings reports. CenterSquare senior investment strategist Uma Moriarity spoke with Errol Barnett about what the results mean for investors going forward.
Rent vs. buy: Which makes more sense in this housing market?
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Wall Street braces for debt ceiling standoff
The U.S. is close to exhausting its ability to borrow without a debt ceiling extension. Jeff Stein, White House economics reporter for "The Washington Post," joined to discuss how a political divide in Washington could create headwinds for capital markets and the economy.
Consumer confidence drops slightly in April
New data shows for the third time in four months, U.S. consumer confidence fell. Courtenay Brown, markets reporter for Axios, joined CBS News to evaluate how Americans are feeling about the economy, and previews the new GDP data set to be released later this week.
Bed Bath & Beyond closing all stores
Bed Bath & Beyond officially filed for bankruptcy protection, the company announced Sunday. The filing said that all brick-and-mortar stores, including 120 Buy Buy Baby locations, will close by the end of June. Roxana Saberi reports.
McCarthy says House will pass debt limit bill
Republican House Speaker Kevin McCarthy said he has the votes to pass his debt ceiling bill. CBS News congressional correspondent Nikole Killion joined with more.
Bed Bath & Beyond files for bankruptcy protection
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
ESPN announces layoffs as Disney cuts thousands of jobs
ESPN's corporate owner, the Walt Disney Company, plans to slash 7,000 jobs as a cost-cutting measure.
Bed Bath & Beyond files for bankruptcy
Bed Bath & Beyond announced that it has officially filed for bankruptcy. The company plans to close all of its stores by June, with some closing as early as Wednesday.
Mortgage rates rise. housing market tight
Mortgage rates continue to rise as housing inventory remains scarce. CBS News' Elaine Quijano and Meg Oliver are joined by Akin Oyedele, the deputy editor for investing at Insider.
BuzzFeed News shutting down as parent company cuts 15% of jobs
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
Key Democrats won't say whether they'll back Biden's labor secretary nominee
President Joe Biden's nominee to be the next labor secretary, Julie Su, is testifying before the Senate.
How millennials are planning for retirement
CBS MoneyWatch associate editor Aimee Picchi joins Errol Barnett and Lana Zak to discuss millennials' financial plans for retirement and how they differ from those of an older generation.
Stock market steady after earnings reports
EMG Advisors CEO and lead portfolio manager Will McDonough spoke with CBS News' Lana Zak and Lilia Luciano about how investors are reacting to earnings reports from Goldman Sachs and some other major companies.
How people are using artificial intelligence
Lakshmi Varanasi, a tech reporter for Business Insider, joins CBS News' Lilia Luciano and Lana Zak to discuss the multitude of ways people are using artificial intelligence at work and at home. She also reflects on what things A.I. tools cannot replace.
David's Bridal files for bankruptcy
David's Bridal, one of the largest sellers of wedding gowns and formal wear, is once again filing for bankruptcy protection. The company had previously emerged from bankruptcy in 2019.
David's Bridal goes bankrupt, will lay off more than 9,000 workers
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Poll: Large majority want to see debt ceiling raised to avoid default
Views of economy remain negative, with a mixed outlook at best, as possible debt limit crisis looms.
Health care now tops inflation among Americans' concerns
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Full interview: Christina Lagarde on "Face the Nation"
Watch the full interview with European Central Bank President Christine Lagarde that aired on April 16, 2023, on "Face the Nation with Margaret Brennan."
Face the Nation: Grisham, Turner, Lagarde
Missed the second half of the story? The latest on abortion rights, the Pentagon leaks and the economy.
How Charlie Kirk's assassination portends a national crisis
The murder of Charlie Kirk last week follows a litany of violent acts against political targets. Historian Jon Meacham talks about the existential questions now facing America.
Suspect in Charlie Kirk killing is not cooperating with authorities, gov says
Tyler Robinson, 22, was arrested on charges of aggravated murder, obstruction of justice and felony discharge of a firearm for the assassination of Charlie Kirk.
Colorado school shooter had account on "violent gore" site, ADL says
Desmond Holly and several school shooters in the past year were active on the same website, the ADL says.
Sen. Chris Coons: The internet "is driving extremism in our country"
In a joint segment with Republican Sen. James Lankford, Democratic Sen. Chris Coons said amid efforts to foster bipartisan discourse, the internet "is driving extremism in our country."
Ukrainian drones target one of Russia's top oil refineries
The strike on the Kirishi refinery, in Russia's northwestern Leningrad region, follows weeks of Ukrainian attacks on Russian oil infrastructure that Kyiv says fuels Moscow's war effort.
Texas Republican Rep. Michael McCaul announces will not seek reelection
Rep. Michael McCaul, a foreign policy leader who had strongly supported Ukraine, warned Sunday that Russian President Vladimir Putin is "testing the resolve of NATO."
Paris Hilton mini fridges recalled due to fire and burn risk
No injuries have been reported but there have been at least 27 reports of the mini fridges overheating and catching on fire, the recall announcement said.
Venezuela accuses U.S. of seizing fishing boat in Caribbean amid standoff
Venezuela's foreign ministry said nine fishermen were "illegally and hostilely" detained on Friday by the USS Jason Dunham.
Ex-world boxing champion Ricky Hatton found dead at age 46
Ricky Hatton shared the ring with the best boxers of his generation, including Kostya Tszyu, Floyd Mayweather and Manny Pacquiao.