Costco sells $100 million in gold bars amid inflation fears
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Inflation
Annual raises likely lower in 2024: Survey
Employers plan to offer an average salary increase of 4% for 2024, nearly half a percent less than last year, according to a new survey from Willis Towers Watson, which advises companies on compensation issues. Lori Wisper, a managing director at WTW, joins CBS News with the projections.
Here's what a "soft landing" for the U.S. economy means for you
Wall Street economists increasingly predict inflation will continue to cool while avoiding a recession sparked by the Fed's rate hikes.
Fed hints at interest rate cuts in 2024
Federal Reserve chair Jerome Powell announced Wednesday that interest rates would remain unchanged through the end of 2023 and indicated there could be rate cuts coming next year. Greg McBride, the chief financial analyst at Bankrate, joined CBS News to discuss what could be coming for the economy.
How high interest rates hurt tech startups
Tech startups faced closures and layoffs in 2023 as the Federal Reserve raised interest rates to a 22-year high. New York Times reporter Erin Griffith joins CBS News to explain what's going on in Silicon Valley.
Dow surges after Fed keeps rates unchanged
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Federal Reserve to decide on interest rates
The Federal Reserve on Wednesday will announce another decision on interest rates with the expectation it will not raise or cut them. CBS News contributor and Axios' managing editor of business and markets Javier David joins CBS News with his analysis.
Fed unlikely to raise interest rates
Wholesale inflation remained unchanged in November after Dow Jones economists predicted a tenth of a percentage point increase. Lori Bettinger, the president of BancAlliance and former director of the Troubled Asset Relief Program, joined CBS News to discuss what the new numbers could mean for interest rates.
Jill Schlesinger on inflation, interest rates
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the latest Consumer Price Index report, which shows inflation slowing. Plus, what to expect on interest rates from the final Federal Reserve meeting of the year.
Inflation holds steady in latest CPI report
Consumer prices crept up a tenth of a percent in November as the cost of certain goods and services rose last month while energy and gas prices saw a decline. CBS News senior business and technology correspondent Jo Ling Kent has more.
Record-breaking holiday shopping
Just over 200 million people went shopping between Thanksgiving to Cyber Monday, beating the National Retail Federation's expectations and breaking last year's record. Katherine Cullen, vice president of industry and consumer insights for the National Retail Federation, joined CBS News to discuss what the organization expects to be a holiday season with record-breaking shopping levels.
Inflation eased in November as gas prices fell
Inflation across the U.S. continues to fall but remains sticky, with the cost of rent, medicare care and used cars edging up last month.
How Biden's pro-Israel stance may impact 2024
A new CBS News poll shows what Americans think about the economy and the Israel-Hamas war, with major implications for 2024. CBS News' Anthony Salvanto, Ed O'Keefe and Bo Erickson have more.
These 4 couponing apps could help keep your wallet padded this holiday
Use these apps to earn cashback and rewards on holiday shopping purchases to avoid blowing your budget as gift prices rise.
Americans still hurting from inflation: Poll
New CBS News polling shows many Americans believe their standard of living is worse than their parents. The poll found people are feeling deep impacts of inflation, despite strong economic data and speculation surrounding a so-called "soft landing" for the economy. CBS News executive director of elections and surveys Anthony Salvanto breaks down the numbers.
Poll: Americans feel inflation's impact on living standards, opportunities
Many feel worse off than their parents' generation as income isn't keeping up.
CBS News poll: Americans on inflation's impact
Inflation's impact may even go beyond the immediate pressure on Americans' pocketbooks, to a larger sense that it is stifling opportunity in America and the deeper sense that the nation's economic troubles of recent years have been, as a whole, tougher than others it has faced in generations. Anthony Salvanto joins "Face the Nation" to discuss the results the CBS News poll's findings
Holiday spending forecasted to be merry and bright
After a period of high inflation, the U.S. has received some good economic news in time for the holidays. Gas prices and mortgage rates have dipped, and job growth remains steady. For many shoppers, it will translate to more holiday spending. Joy Benedict has more.
Job growth shows signs of economic resilience
The latest job numbers from the U.S. Labor Department could indicate the economy may not slow down as inflation decreases. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBS News with a look at the data.
Deflation hits used cars and appliances: WSJ
Americans are starting to see deflation for the first time in three years -- but only on some items, not across the economy. New reporting from the Wall Street Journal shows price drops for used cars, furniture and appliances. David Harrison, reporter for The Wall Street Journal, joined CBS News to talk about the numbers.
The U.S. economy has a new twist: Deflation. Here's what that means.
After more than two years of price hikes, consumers are finally getting breaks on some items. That could help push inflation closer to 2%.
U.S. workers say inflation outpacing income
Around two-thirds of employed Americans say they have received a pay raise since last October, but 60% say their income hasn't been high enough to keep up with inflation, according to a Bankrate survey. CBS News business analyst Jill Schlesinger has more details.
Here's how much more you need to spend to maintain your living standard
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
Red Lobster's cheap "endless shrimp" offer chewed into its profits
Red Lobster added all-you-can-eat shrimp to its menu. Then it realized how much Americans can eat.
U.S. economy growing faster than expected
The U.S. gross domestic product — the broadest measure of economic activity — grew a revised 5.2% in the third quarter of 2023. That's the highest quarterly GDP growth in nearly two years, according to the Bureau of Economic Analysis. Reade Pickert, Federal Reserve editor for Bloomberg, joins CBS News to unpack the state of the economy.
Trump to host Zelenskyy, Europeans at White House for Ukraine talks today
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.
William Barr investigated Epstein's death. Now Congress has questions.
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.
Hurricane Erin likely to bring East Coast life-threatening surf, rip currents
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
2 police officers killed, 1 wounded in Utah shooting; suspect in custody
"Upon arrival, they immediately began taking fire," police said. "They requested additional units. And then stopped answering their radio."
Putin agreed to allow NATO-style protection for Ukraine, Trump envoy says
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 Democrats who fled the state over redistricting bill begin returning
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.
Gold rush could bring open pit mines to Black Hills in South Dakota
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.
Sherrod Brown launches Senate comeback bid in Ohio for 2026
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.
U.S. tourist attacked by a shark while spearfishing in the Bahamas
The shark attack happened near Big Grand Cay on the island of Abaco, Bahamas, on Sunday, police said.