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New data on wholesale prices appears to indicate inflation may be moderating but has not yet cooled to the Federal Reserve's target. Greg Robb, an economics editor at MarketWatch, joins CBS News with insight on the new figures.
New data from the Labor Department shows inflation rose slightly to 3.4% in December. Morning Consult economist Sofia Baig joins CBS News to explain what's behind the numbers.
Upticks signal a longer wait for rate cuts as the Federal Reserve's war against inflation isn't won just yet.
The White House is being pressed on Hunter Biden, who pleaded not guilty to nine federal tax charges Thursday. CBS News chief White House correspondent Nancy Cordes has the latest.
Inflation grew at an annual rate of 3.4% in December, higher than economists had predicted. The increase could impact whether the Federal Reserve chooses to lower interest rates. Higher prices and mortgage rates have also left many Americans struggling. Jo Ling Kent has more.
Inflation rose at a faster pace than expected last month as the Consumer Price Index increased by 0.3 of a percent in December. Unemployment claims dropped by 1,000 for the week ending Jan. 6. CBS News contributor Javier David has a look at the numbers.
The Dow Jones, NASDAQ and S&P 500 all closed relatively flat on the first Friday of 2024. Javier David, Axios managing editor for business and markets, and Kristin Myers, editor-in-chief and senior vice president of ETF.com, join CBS News to recap the week on Wall Street.
A new survey finds that Americans have financial success on their minds for their goals in the new year. It also reveals that personal finances are overwhelming and stressful to many people. CBS News business analyst Jill Schlesinger joins to lay out strategies that may help you balance the books in 2024.
New data shows consumer prices climbed higher across the eurozone in the final month of 2023. Ann Berry, founder of Threadneedle Ventures, joins CBS News to discuss what's driving the rise, and what it could mean for the U.S. economy.
The global supermarket chain will stop selling popular items like Doritos, Quaker Oats, Lipton tea and Pepsi soda in France, Belgium, Spain and Italy.
England's junior doctors have walked off the job to protest pay raises that they say are not keeping up with inflation. CBS News foreign correspondent Ramy Inocencio is looking at the factors that are contributing to the strike.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Argentina is experiencing rapid economic change under the leadership of new president Javier Milei as the third-largest economy in Latin America continues to suffer from decades of struggles. CBS News' Errol Barnett looks at how Argentina ended up in this economic situation.
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
A recent survey suggests the American public tends to hold exaggerated ideas of what a president can and can't do. Brendan Nyhan, professor of government at Dartmouth College and one of the survey's co-authors, joins CBS News to unpack the findings.
Consumer confidence climbed this month, appearing to signal optimism in the U.S. economy during the holiday season, according to a new report by The Conference Board. Dana Peterson, the chief economist at The Conference Board, joins CBS News with a look at the new data.
The Federal Reserve's actions appear to be cooling inflation in the U.S. economy. Bartie Scott, a senior economy editor at Business Insider, joins CBS News with a look at the goals the government has set.
Egg prices could spike again, thanks to an avian flu outbreak at a large egg producer. Courtenay Brown, an economics reporter for Axios, joins CBS News with a look at how this could affect Americans already grappling with inflation.
President Trump is set to meet with Ukrainian President Volodymyr Zelenskyy and European leaders as the U.S. pursues a peace agreement between Russia and Ukraine.
Former Attorney General William Barr is the first person scheduled to be deposed by Congress members as questions surrounding his role in the Epstein investigation persist.
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
Special U.S. envoy Steve Witkoff says Russian leader Vladimir Putin agreed to allow the U.S. and Europe to offer Ukraine a security guarantee resembling NATO's collective defense mandate.
Texas Democratic lawmakers who fled the state to deny a quorum are making their way back, each on their own timeline, multiple sources familiar with the matter told CBS News.
"Upon arrival, they immediately began taking fire," police said. "They requested additional units. And then stopped answering their radio."
Miners want to return to the treasured landscape, promising an economic boost while raising fears of how modern gold extraction could forever change the region.
Former Democratic Sen. Sherrod Brown announced a bid to once again represent Ohio in the Senate on Monday, nearly a year after his reelection effort in 2024 fell short.
The shark attack happened near Big Grand Cay on the island of Abaco, Bahamas, on Sunday, police said.