Interest rates on car loans spike
High interest rates on car loans are impacting car sales. Keith Naughton, a reporter for Bloomberg News, shares more information on CBS News.
Inflation
Oil prices soar after OPEC+ announces production cuts
Surprise move by Saudi Arabia and other oil exporters to curb production could boost U.S. gasoline prices, analysts say.
Europe sees conflicting economic data
New data shows some European nations are seeing inflation slow to its lowest level in a year. However, the same report shows upward pressure on prices and a rise in core inflation. CBS News anchors Weijia Jiang and Jim Axelrod spoke with Barron's reporter Megan Cassella about what this means for policymakers trying to stabilize Europe's economy.
Key inflation gauge slowed in February
A key inflation gauge tracked closely by the Federal Reserve slowed sharply in February. The release of the personal consumption expenditures price index Friday comes after the central bank raised interest rates for the ninth time in about a year. Ann Berry, the founder of Threadneedle, joined Jim Axelrod and Weijia Jiang to discuss that and other economic news.
Fake job listings are a growing problem
Federal data shows there are more than 10 million job openings across the U.S. But a new report shows not all of those jobs really exist. CBS MoneyWatch associate managing editor Irina Ivanova joined Errol Barnett and Lana Zak to discuss.
Unemployment up; revised GDP data released
Initial unemployment benefits ticked up for the first time in three weeks and revised federal data showed the fourth quarter GDP trimmed slightly at a 2.6% annual rate. CBS News contributor and managing editor for business and markets at Axios, Javier David joined Anne-Marie Green and Vladimir Duthiers to discuss these key economic indicators.
Home prices fall for 7th straight month
New data shows that U.S. home prices fell 0.2% in January, the seventh consecutive month prices have gone down. Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News's Errol Barnett and Lana Zak to discuss where prices are falling fastest and what to expect in the coming months, as the Federal Reserve may continue its interest rate hikes.
How to use your tax refund to fight inflation
Over half of tax filers expect to receive refunds. Here's how to use that money to offset rising costs of everyday items.
Investors mull latest interest rate hike
CBS News business analyst Jill Schlesinger and J.D. Durkin, host of "The Street," join Errol Barnett and Elaine Quijano to discuss this week's market movers on Wall Street.
Home renovation costs, delays on the rise
Home repairs and renovations can be daunting for anyone with delays and unexpected costs throwing a wrench into plans. A recent article in the Wall Street Journal found that since the pandemic started, some projects have turned into never-ending nightmares with more time and money needed to complete them. Wall Street Journal reporter Rachel Wolfe and general contractor Miguel Villamil joined CBS News to discuss.
More than a third of U.S. adults are stressed out over money
Stubbornly high inflation and mounting debt are weighing on many people's finances — and their minds.
U.K. interest rates at 15-year high
The Bank of England has raised interest rates to their highest level in 15 years. CBS News anchors Meg Oliver and Errol Barnett spoke with foreign correspondent Imtiaz Tyab about what this means for residents and the economy.
Stocks rally despite banking concerns
Stocks closed in the green one day after the Federal Reserve announced a quarter-point interest rate hike. Washington Post economics reporter Rachel Siegel joined CBS News to discuss what the move means for investors.
Impact of Fed raising interest rates again
The Federal Reserve raised interest rates another quarter-point in an effort to ease inflation. In the U.K., the Bank of England also raised rates. CBS News contributor and Axios managing editor for business and markets Javier David discusses the impact with anchors Anne-Marie Green and Vlad Duthiers.
Americans voice confidence in their banks, but inflation woes continue
They say government helps wealthy more than middle class amid bank issues.
Federal Reserve raises interest rates
The Federal Reserve is raising interest rates again in an effort to ease inflation. The quarter-point hike comes amid increased concern over the U.S. banking system. CBS News political correspondent Caitlin Huey-Burns joins "Red and Blue" to discuss the White House's response.
What to expect from today's Fed meeting
The Federal Reserve will decide whether it needs to boost interest rates again at a meeting Wednesday. Inflation still remains high, but the nation's recent banking crisis is causing concern over how the Fed should respond. CBS News senior White House and political correspondent Ed O'Keefe has more, and then Ann Berry, the founder of Threadneedle Strategies, joins CBS News to discuss the next steps for the Fed.
White House economy official on bank failures
Bharat Ramamurti, deputy director for the National Economic Council, joins Lana Zak and Errol Barnett ahead of the Federal Reserve's decision on interest rates. He discusses the Biden administration's response to recent bank failures and stubbornly high inflation.
Fed set to make pivotal decision on rates
The Federal Reserve is widely expected to raise interest rates for ninth time in roughly the span of a year today. CBS News reporter Sarah Ewall-Wice joins Errol Barnett and Lana Zak to discuss what analysts are anticipating and the significance of the central bank's forthcoming decision.
Interest rate decision expected from Fed
The Federal Reserve is expected to announce its latest decision on interest rates Wednesday afternoon. CBS News reporter Sarah Ewall-Wice joins "CBS News Mornings" to explain how the banking crisis is playing into the decision and what makes it different from the 2008 financial crisis.
Protest chaos as economic crisis leaves Lebanese "struggling to survive"
"If our demands are not met, we will go back to the streets and escalate," one retired military general and protest leader told CBS News.
Federal Reserve faces key decision
The Federal Reserve will announce its rate decision after several recent bank failures have shaken the industry. Real estate has been among the most impacted sectors. Ed O'Keefe reports.
More Americans can't pay their bills. Here's where it's worst.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
Yellen tells Senate panel nation's "banking system is sound"
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
Banking instability sparks U.S. recession fears
The Dow Jones fell sharply Wednesday after shares in Swiss bank Credit Suisse hit a record low. Host of "The Street" J.D. Durkin spoke with CBS News about recent trends in the marketplace and how they could impact federal economic action.
Hurricane Erin likely to grow and bring dangerous rip currents to East Coast
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
Trump working to arrange a summit between Putin, Zelenskyy
President Trump is working to coordinate a meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy after Monday's talks at the White House.
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.
Thousands of Taylor Swift tickets illegally resold by broker, FTC alleges
A Maryland ticket broker is accused of illegally purchasing and reselling hundreds of thousands of tickets for profit, including thousands to Taylor Swift's highly-sought Eras Tour.
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.
David Allvin, top Air Force general, to retire early
Air Force chief of staff Gen. David Allvin announced he will retire in November, just two years into what is usually a four-year term as Air Force Chief of Staff.
Hurricane Erin forces Outer Banks evacuations; East Coast beaches close
Hurricane Erin is forcing evacuations on North Carolina's Outer Banks as it threatens to whip up wild waves and tropical force winds.
Inmate set to die by nitrogen gas asks for firing squad, hanging instead
An Alabama death row inmate who is scheduled to be executed using nitrogen gas later this year is challenging the controversial method in an ongoing lawsuit.
State Department revokes over 6,000 student visas
More than a million foreign students study in the U.S. each year.