Italy calls a crisis meeting over surging pasta prices
Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.
Inflation
New economic data signals easing inflation
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
Investors react as inflation slows
Stocks closed relatively flat Wednesday following the release of Consumer Price Index data for April. Wells Fargo senior global markets strategist Scott Wren joins CBS News to explain what the new inflation numbers mean for consumers and investors.
Starbucks customers peeved at new $1 charge for "no water" drinks
Coffee chain says the charge is necessary because the cold juice drinks are more expensive to make when not diluted.
Inflation cools to 4.9% in April
New data released Wednesday by the Bureau of Statistics showed inflation cooled to an annual rate of 4.9% in April, but is still short of the Federal Reserve's goal of 2%. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joined CBS News to discuss whether this report is in line with what economists predicted, and what to expect from housing costs.
Consumer Price Index up 0.4% in April
The Consumer Price Index shows inflation rose 0.4% between March and April. Prices rose 4.9% year-over-year. Axios managing editor for business and markets and CBS News contributor Javier David discusses what this means for the economy with Anne-Marie Green and Vlad Duthiers.
Inflation rate falls below 5% for first time since June 2021
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
Food inflation is easing. Here's where shoppers can get a break.
Grocery costs are rising at a slower pace, with some food items actually dipping.
Markets, money and Americans' mental health
Stocks closed flat Monday as investors await new data on consumer and producer prices. Bankrate senior industry analyst Ted Rossman joins CBS News to discuss the markets as well as a new survey on personal finances and mental health.
Corporate profits could be fueling inflation
Some companies are raising prices faster than costs are increasing, fueling inflation. CBS News' Tony Dokoupil and Errol Barnett are joined by Wall Street Journal reporter Paul Hannon with more.
Airbnb CEO on new features, safety and AI
Airbnb co-founder and CEO Brian Chesky joins "CBS Mornings" to discuss the company's 2023 Summer Release, including some new features and a focus on Airbnb Rooms. Plus, he addresses users safety, privacy concerns, the impact of inflation and a possible recession.
European Central Bank raises interest rates
Inflation in the Eurozone ticked up to 7% in April. The European Central Bank raised interest rates to 3.25% and indicated more hikes are to come. Brendan McKenna , an international economist for Wells Fargo, joined CBS News to compare the ECB and Federal Reserve's approaches to inflation.
Markets react to jobs report, interest rates
Javier David, a CBS News contributor and managing editor for business and markets for Axios, and Jeanna Smialek, an economics reporter for The New York Times, join us to discuss the latest financial news, including the April jobs report released today, the Federal Reserve's decision to raise interest rates again this week, and the health of the nation's banking system.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
How to save money as inflation remains high
Many Americans are struggling to save money as inflation keeps costs high. Jennifer Streaks, a senior personal finance reporter for Business Insider, shares tips on how to increase financial stability.
Fed indicates pause after latest rate hike
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Interest rates highest since 2007
The Federal Reserve pushed interest rates to the highest point since 2007 to combat inflation. Critics warn the hikes could lead to a recession. Nancy Cordes reports.
Federal Reserve poised to raise interest rates
The Federal Reserve is expected to raise interest rates Wednesday for the tenth consecutive time in just over a year. Rod von Lipsey, a managing director for UBS Private Wealth Management, joins Errol Barnett and Lana Zak to discuss the anticipated decision.
Fed expected to again hike interest rates
The Federal Reserve is expected to hike interest rates again in an attempt to lower high inflation rates. Jeanna Smialek, Federal Reserve and economy reporter at The New York Times, joins "CBS News Mornings" to explain the impact of the previous rate hikes and why they've continued.
Rate hike expected Wednesday
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
U.S. stocks fall as beleaguered banks tumble again
Worries about economy worsen as regional bank shares take a beating and Washington edges closer to default.
Here's how big an apartment you can get for $1,500 across the U.S.
Renters in more affordable cities can get 1,000 square feet more for their money than people in pricey metros.
How markets reacted to bank seizure
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
U.S. seeking to set up Putin-Zelenskyy summit in wake of White House meetings
President Trump hosted Ukrainian President Volodymyr Zelenskyy and European leaders at the White House Monday. They presented a united front on the Russia-Ukraine war.
Maps show Ukrainian territories claimed by Russia
Russian troops currently control about 20% of Ukrainian territory, but the Ukrainian constitution forbids giving up territory or trading land.
Hurricane Erin likely to grow and bring dangerous rip currents to East Coast
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
Trump vows to try banning mail-in voting before 2026 midterms -- but can he?
President Trump says he plans to sign an executive order "to end mail-in ballots, because they're corrupt." Here's what to know about his claims.
Air Canada flight attendants end strike after tentative accord with carrier
The union representing 10,000 Air Canada flight attendants says it's reached a tentative agreement with the carrier and their strike, which had entered its fourth day, is over.
Kohberger's behavior alarmed university faculty, students before murders
More than 550 pages of investigation documents were released by Idaho State Police in response to public records requests.
Texas Democrat locked in state Capitol after refusing police escort
House leaders mandated police escorts for Democrats to guarantee they return for Wednesday's session.
Venezuela deploying millions of militia after "outlandish threats" by U.S.
The U.S. military has also reportedly deployed several vessels to the southern Caribbean, as part of President Trump's crackdown on Latin American drug cartels.
Missouri AG Andrew Bailey to become FBI co-deputy director, joining Bongino
Missouri Attorney General Andrew Bailey will serve as the FBI's co-deputy director, alongside the law enforcement agency's current second-in-command, Dan Bongino.