How inflation could impact Memorial Day plans
Memorial Day travel is already underway for many Americans. CBS News senior transportation correspondent Kris Van Cleave details the fluctuating costs of vacationing this year.
Inflation
Home sales fell in April, new data shows
Home sales appear to have fallen in April, according to new data from the National Association of Realtors. CBS News business analyst Jill Schlesinger breaks down the current trends in the real estate market.
Inflation putting stress on summer vacations
Compared to last year's Memorial Day, the overall cost of travel is actually down slightly, but vacationing in 2024 still costs 15% more than before the pandemic. CBS News senior transportation correspondent Kris Van Cleave has more.
Embattled U.K. prime minister sets July 4 election date
U.K. Prime Minister Rishi Sunak set July 4 as the date for a national election, with the opposition Labour Party strongly favored to win.
Retailers cut prices on thousands of items
Some companies, including Target and Michaels, recently announced they're slashing prices on thousands of items that were seeing higher costs due to inflation. According to the Labor Department, groceries and other household items are cheaper now than last year. CBS News contributor Javier David has more on the trend.
Target cutting prices on thousands of items
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
Economy, border front of mind for Arizonans
Arizona and Florida have both been in the national spotlight over abortion rights in recent weeks, but a new CBS News poll finds other issues are more pressing for voters in those states. CBS News executive director of elections and surveys Anthony Salvanto unpacks the numbers. Then, political strategists Meghan Hays and Matt Gorman join with analysis.
Biden, Trump hit campaign trail
President Biden and former President Donald Trump hit the campaign trail over the weekend ahead of the 2024 general election. Mr. Biden addressed Morehouse College students in Atlanta, and Trump spoke to members of the National Rifle Association, which formally endorsed him for president in Dallas. CBS News' Caitlin Huey-Burns has more.
Breaking down the Dow's 40,000 milestone
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
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.
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.
Inflation eases to 3.4% in boost for the Federal Reserve
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
Inflation slows in April: CPI report
The Consumer Price Index rose by 0.3% in April, a smaller than anticipated increase that signals inflation is cooling. Prices have gone up 3.4% over the last 12 months. CBS News business analyst Jill Schlesinger has more.
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.
The Fed is struggling to break the back of inflation. Here's why.
The Federal Reserve's campaign to snuff out runaway inflation has bogged down this year. Blame housing costs.
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.
Argentina workers strike over economic policies
A 24-hour national strike in Argentina by the main labor union confederation is protesting President Javier Milei's economic policies. Ignacio Bottaro, a Telefe news reporter, joins CBS News with more.
Heineken vows nearly $50 million to transform "tired pubs" in U.K.
Heineken said the investment is a demonstration of "confidence in the resilience of the great British local in the face of uncertainty."
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. added jobs in April: What to know
New data shows the labor market is in a healthy place but did cool down in April. CBS News senior business and technology correspondent Jo Ling Kent has more.
Fed holds interest rates steady
The Federal Reserve will keep its benchmark rate steady, a sign that inflation has not yet come down to the targeted rate. CBS News' Jill Schlesinger and Jo Ling Kent look ahead to what this means for Americans.
live updates
Senate to vote again as government shutdown continues into second week
The government shutdown stretched into its sixth day on Monday with no signs of an imminent resolution. Follow live updates here.
Illinois, Chicago sue to block Trump deployment of National Guard
The state of Illinois and city of Chicago are suing the Trump administration over their plans to deploy the National Guard.
Israel and Hamas begin indirect Gaza ceasefire talks in Egypt
President Trump wants Israeli and Hamas negotiators to "move fast" in new talks aimed at securing a ceasefire in the Gaza war, spurred by his 20-point plan.
Ex-NFL quarterback Mark Sanchez charged with felony over violent altercation
Mark Sanchez was hospitalized with multiple stab wounds following a violent altercation over the weekend.
Air traffic controllers told to keep working during government shutdown
National Air Traffic Controllers Association tells its members that failing to report to work could cost them their job.
Report warns extremists increasingly using AI to intensify antisemitic propaganda
Secure Communities Network, a nonprofit group dedicated to safeguarding the Jewish community in North America, published the report on AI and antisemitism.
Costco now sells Ozempic and Wegovy at its pharmacies
A one-month supply of Ozempic and Wegovy will now cost $499 out of pocket for Costco shoppers.
Supreme Court won't take up Ghislaine Maxwell's appeal of conviction
The Supreme Court on Monday said it will not take up a bid by Ghislaine Maxwell to overturn her 2021 conviction for sex trafficking.
Bari Weiss named editor-in-chief of CBS News as Paramount acquires The Free Press
Paramount, a Skydance Corporation, has announced the acquisition of The Free Press. Its co-founder and CEO, Bari Weiss, will join CBS News as editor-in-chief.