
Consumer confidence tumbles to lowest in 4 months
Americans are taking more gloomy view of economy as cost of food, rent, clothing and other essentials continue to surge.
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Americans are taking more gloomy view of economy as cost of food, rent, clothing and other essentials continue to surge.
Drivers traveling for Thanksgiving Day face lower fuel costs than a month ago, but prices still top $5 per gallon in two states.
AAA expects nearly 55 million people to travel this Thanksgiving. This holiday season follows a summer full of air travel disruptions, staffing shortages and record-high gas and airfare prices. CBS News senior travel adviser Peter Greenberg joined CBS News' John Dickerson to discuss.
Housing prices have fallen 32% this year, although they remain higher than before the pandemic.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
"Prices will be higher, and we will see flights sell out for both holidays," one travel pro said.
Investors were fueled by hopes that cooling prices could influence Federal Reserve ahead of its December meeting.
Core inflation in the U.S. surged to the highest level in 40 years as prices for housing, food and health care continued to rise. Abha Bhattarai, an economics correspondent for The Washington Post, joined Catherine Herridge to discuss September's CPI report.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
Wall Street is waiting to see if balance of power in Washington shifts, but hot inflation remains main focus.
2022 has been full of history-making news stories and many of them are a big part of what's driving voters to the polls. CBS News national correspondent Errol Barnett discusses the news events on voters' minds in "The Pulse of the Nation."
The economy has been front and center in the minds of many voters and throughout the campaign season. CBS News national correspondent Errol Barnett looks at the issue of the economy by the numbers, with another dive into the "Pulse of the Nation."
Coupon codes and cash-back offers can help take the sting out of soaring prices, expert says.
The U.S. will be releasing one million barrels of oil a day from the country's Strategic Petroleum Reserve for the next six months in an effort to mitigate high gas prices, President Biden announced Thursday. Watch his remarks in this CBS News Special Report.
President Biden on Tuesday announced the release of oil from the Strategic Petroleum Reserve in an effort to lower gas prices amid the Thanksgiving holiday. Major Garrett anchors a special report from Washington, D.C., on the president's decision, Weijia Jiang joins from the White House and Jill Schlesinger discusses the economic impact.
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
Despite the convenience, experts say buying a flight by mobile phone could end up costing you more.
Economists had expected the number of job openings to drop below 10 million for the first time since June 2021.
Exxon and Chevron reported surging quarterly earnings, with gas prices still up sharply from a year ago.
North Korean leader Kim Jong-un could soon test a tactical nuclear weapon, according to U.S. and South Korean officials. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan joins CBS News' John Dickerson to discuss.
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
Weak earnings reports at Meta and other major tech companies offset gains in other parts of the market.
President Biden said there will be "consequences" for Saudi Arabia after the country, as part of OPEC, sided with other oil producing countries to cut production. CBS News chief White House correspondent Nancy Cordes discussed what those consequences could be.
The issues have forced concession companies to get creative in an effort to address the rising costs.
The president highlighted his administration's push to crack down on so-called junk fees that banks and other companies charge their customers.
Congressional leaders are set to meet with President Trump at the White House as Washington barrels toward a 2025 shutdown. Follow live updates here.
New details are emerging Monday about the gunman in a fatal attack on The Church of Jesus Christ of Latter-day Saints in Michigan.
"I think we have maybe a deal on Gaza," President Trump said this weekend.
Prosecutors have charged the man accused of killing Charlie Kirk with aggravated murder and plan to seek the death penalty.
The U.S. government could shut down on Wednesday if Congress fails to approve funding for federal agencies. Here's how that could affect Social Security recipients.
Nigel Edge, 40, is charged with murder, attempted murder and assault in connection with a mass shooting Saturday night at the American Fish Company in Southport.
The White House is weighing Ukraine's request for long-range Tomahawk missiles to defend the country against Russian forces, Vice President JD Vance said Sunday.
Imelda is the ninth named storm of the 2025 Atlantic hurricane season and is expected to strengthen into a hurricane Tuesday.
Much of the federal government is on the verge of shutting down if Congress does not reach a deal to approve new funding by Oct. 1. Here's what that means.