MoneyWatch: Stocks up; Musk buys Twitter
The Dow Jones Industrial Average rose back to even as tech stocks rallied on Monday. Yahoo Finance reporter Alexandra Semenova joins CBS News' Tanya Rivero to recap the stock market's gains.
Federal Reserve
Weighing the state of the U.S. economy
Lori Bettinger, the president and BancAlliance and former director of the Troubled Asset Relief Program, joins CBS News' Tanya Rivero and Lana Zak to discuss consumer spending, falling consumer confidence, the upcoming Federal Reserve meeting and recession concerns.
Overall health of the U.S. economy
The Dow Jones dropped Thursday following the release of the weekly jobless numbers and the Federal Reserve announcing a 0.5% interest rate hike as part of its ongoing effort to combat rising inflation. Frances Stacy, the director of portfolio strategy at Optimal Capital, joins CBS News to discuss the overall health of the U.S. economy.
Deutsche Bank forecasts U.S. recession
Deutsche Bank is forecasting the U.S. will see a recession next year. The company's Global Head of Economic Research Peter Hooper spoke with CBS News' Tanya Rivero and Mola Lenghi about the new report.
MoneyWatch: Markets tumble after rate hike
Stock markets tumbled a day after the Federal Reserve announced an interest rate hike to combat inflation. Gargi Chaudhuri, head of iShares Investment Strategy, Americas at Blackrock, joins CBS News' Tanya Rivero and Mola Lenghi to break down the trading day and the Fed's decision.
Jobs report shows stronger growth
The U,S. added 372,000 new jobs in the month of June according to the latest report from the Labor Department. Axios business reporter Hope King joined CBS News to discuss this stronger than predicted growth.
Yellen: inflation hit "unacceptable levels"
In MoneyWatch, Treasury Secretary Janet Yellen is testifying before the Senate Finance Committee today. Her appearance on Capitol Hill is slated to discuss the Biden administration's plans for the 2023 fiscal budget. Reuters Senior Correspondent Andrea Shalal joins CBS News for more.
MoneyWatch: Fed announces interest rate hike
The Federal Reserve announced a 0.25% interest rate hike -- the first increase since 2018. The Wall Street Journal's chief economics correspondent Nick Timiraos, author of "Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster," joins CBS News to explain what this means for American consumers.
What to expect from Tuesday's consumer report
The Conference Board will release its latest consumer confidence survey Tuesday, detailing the attitudes of consumers across the country. CBS News' Tony Dokoupil and Tanya Rivero sit down with Lori Bettinger, president of BancAlliance and former director of the Troubled Asset Relief Program, about what to expect from that report as well as another consumer price measure being released later this week.
Inflation hit 9.1% in June, highest rate in nearly 41 years
According to the Labor Department, inflation hit a fresh 40-year record last month with consumer prices increasing 9.1% over the last 12 months. CBS News correspondent Nancy Chen reports on how rising prices are affecting people across the country. Then, Joe Brusuelas, principal and chief economist for RSM, joins CBS News' John Dickerson to discuss the latest numbers.
MoneyWatch: Major stock indexes down Monday
Major stock indexes dropped Monday but Mark Hamrick, senior economic analyst at Bankrate, says the market is still rallying from losses earlier in the year and discusses why a recent inflation expectations report could be a good sign for the Federal Reserve.
MoneyWatch: Interest rate hikes slow loans
Rising interest rates are affecting nearly every aspect of the U.S. economy and the mortgage refinancing boom of 2021 seems to be the latest casualty. Axios markets correspondent Matt Phillips joined CBS News' Anne-Marie Green and Vladimir Duthiers to talk more about the end of that boom and how it might impact the housing market.
Analyzing a whirlwind week for stocks
CBS News' Elaine Quijano and Michelle Miller sit down with Brian Sozzi, editor-at-large and anchor for Yahoo! Finance, to discuss what's driving the U.S. stock market, the volatility of the cryptocurrency market, and the likelihood of a recession.
Fed expected to raise interest rates
The Federal Reserve is expected to raise interest rates on Wednesday. Brent Schutte, a chief investment strategist for Northwestern Mutual Wealth Management Company, talks with CBS News' Mola Lenghi and Tanya Rivero about this and other developments.
MoneyWatch: Stock market drops as mortgage rate climbs
U.S. stocks fell sharply on Thursday, pushing the Dow Jones below 30,000 for the first time since January 2021. Meanwhile, mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve hiked interest rates to tame inflation. Bartie Scott, a senior economy editor for Business Insider, joins Carter Evans to discuss.
Markets react to Fed interest rate hike
The Federal Reserve on Wednesday announced its largest interest rate hike since 1994, in an effort to combat historic inflation. Matthew Luzzetti, a senior economist at Deutsche Bank, joins CBS News to discuss how the move is impacting the stock market.
Fed to announce another interest rate hike
The Federal Reserve is kicking off a two-day meeting that could end with a higher-than-expected interest rate hike being announced. The new hike expectations are a result of last weeks disappointing inflation report. Mark Hamrick, senior economic analyst and Washington bureau chief at Bankrate, joins CBS News to break it all down.
Tips for Americans with recession concerns
President Biden is meeting Tuesday with Federal Reserve Chair Jerome Powell. The president says the Fed has the primary responsibility to control inflation and he will refrain from meddling in its process. Washington Post economic columnist Heather Long discusses what this could entail and how Americans worried about a possible recession can prepare.
Market drops after Friday inflation report
Stocks fell Monday as markets continue to respond to Friday's inflation report. Tim Pagliara, a wealth adviser and the chief investment officer at CapWealth, talked to CBS News about what these losses could mean for the future of the U.S. economy.
Stock market ends the week with gains
The stock market closed out the week with gains as it responded to the Federal Reserve's interest rate hike. Melissa Armo, founder and owner of The Stock Swoosh, joins CBS News at the closing bell to break down what's driving the market.
Federal Reserve raises interest rates
The Federal Reserve Board announced plans to raise interest rates a quarter-point in the first hike since 2018. New York Times Dealbook editor Stephen Gandel and Kroll Institute global chief economist Megan Greene join CBS News' Lana Zak and Enrique Acevedo with their insights on the breaking news.
Powell and Yellen testify on inflation, debt ceiling
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the Senate banking committee Tuesday. They addressed top economic concerns including rising inflation and the approaching deadline to raise the debt ceiling. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" with more.
Inflation rises as U.S. economy rebounds
Inflation is rising as the U.S. economy rebounds from the pandemic downturn. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" anchor Elaine Quijano with more on the factors driving prices higher and why small business owners fear they could miss out on President Biden's plan to increase federal contracts.
Experts struggle to predict job gains
The pandemic has made it even more difficult for experts to predict job growth. Josh Mitchell, a staff reporter with the Wall Street Journal, joins Elaine Quijano on CBSN's "Red & Blue" to explain why.
Trump: Fed should lead, not be led
President Trump is criticizing the Federal Reserve for not taking more action on interest rates. This comes after the Fed slashed rates Tuesday to combat economic concerns stemming from the coronavirus outbreak. Politico's Daniel Lippman and the Wall Street Journal's Gabriel Rubin discuss how lawmakers and the White House are reacting to the Fed's decision.
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.
Charlie Kirk, influential voice for young conservatives, killed at 31
Charlie Kirk died Wednesday after he was shot in the neck while speaking at an event at Utah Valley University.
More than 300 Koreans detained by ICE at Georgia Hyundai plant heading home
The ICE raid that swept up 300 South Koreans in Georgia has strained an important bilateral relationship, and highlighted a significant challenge.
House votes to repeal Iraq war authorizations
It's unclear if the repeal will end up in the final version of the National Defense Authorization Act, which still has to get through the Senate.
Politics, retribution behind FBI purge, agents allege in new lawsuit
A new lawsuit filed by fired FBI agents says the bureau "tried to put the President in jail and he hasn't forgotten it."
Harris: Biden 2024 decision shouldn't have been "left to an individual's ego"
Former Vice President Kamala Harris' book, "107 Days," will detail her sprint of a race for the presidency.
2 students wounded in shooting at Colorado high school; suspect dead
Authorities said a male student opened fire with a handgun Wednesday at Evergreen High School, wounding two students, before fatally shooting himself, according to authorities.
Elon Musk is no longer the world's richest person, new ranking says
Oracle co-founder Larry Ellison took the title of world's richest person from Elon Musk after stock in the software giant shot up on Wednesday.
Why thousands of people in rural West Virginia lack reliable drinking water
About 250,000 West Virginia residents rely on untreated sources of water, like natural springs or aquifers from coal mines.