
Stocks tumble on worries of company profits, higher rates squeeze
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
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Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
Personal finance columnist Michelle Singletary joins CBS News' Errol Barnett and Elaine Quijano to offer some tips for lowering credit card debt as consumers grapple with inflation and rising interest rates.
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
The Producer Price Index rose 0.7% in the month of January, suggesting inflation pressures continue to hit the economy. CBS MoneyWatch reporter Aimee Picchi joined Anne-Marie Green and Nancy Chen to discuss what the numbers mean for consumers and why prices remain high at the grocery store.
U.S. debt is projected to almost double to $46.4 trillion in 2033, partly due to higher costs for Social Security.
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
The Internal Revenue Service says it will not be collecting federal taxes against payments issued in several states last year to offset inflation. But, certain requirements are being imposed in some states. Rebecca Walser, president of Walser Wealth Management, joins CBS News' Lilia Luciano and Lana Zak to answer questions about the tax confusion.
The latest Consumer Price Index report shows inflation slowing overall, but the numbers in January were higher than anticipated. Lori Bettinger, the president of Bancalliance, joins CBS News to explain what the report means.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Americans watching Sunday's big game will spend less for meat and some other items for their Super Bowl parties this year.
Valentine's spending is expected to go up year-over-year as consumers expand their gift-giving to friends — and even pets.
The Dow Jones ended Wednesday in the red following President Biden's State of the Union address. Dan Geltrude, founder of accounting firm Geltrude and Company, joined CBS to discuss the economic impact of the speech.
Jared Bernstein, a member of the White House Council of Economic Advisers, joined CBS News to discuss the optimistic message in President Biden's State of the Union address and the state of the American economy.
Consumers are seeing an alarming rise in car insurance rates. According to a recent study, the average cost for full coverage is over $2,000 a year nationwide, an increase of nearly 14% from last year. Bankrate analyst Cate Deventer joined "CBS News Mornings" to discuss.
CBS News senior White House correspondent Weijia Jiang has some early excerpts from the president's State of the Union speech, plus details on who Mr. Biden has personally invited to Capitol Hill.
The latest jobs report shows the unemployment rate is at its lowest level in 50 years. Terry Haines, founder of Pangaea Policy, joined CBS News to discuss how President Biden could frame his administration's economic record.
President Biden is set to deliver his State of the Union address, facing new challenges from the Republican controlled House. CBS News chief Washington correspondent Major Garrett has more.
President Biden delivers his State of the Union address tonight. He is expected to discuss the U.S. debt ceiling as well as his administration's accomplishments, such as the bipartisan infrastructure deal and improvements in the unemployment rate. CBS News congressional correspondent Nikole Killion has a preview of what to expect, and the Congresswoman Rosa DeLauro, a Democrat from Connecticut, joins CBS News with her take on the key issues.
President Biden is set to deliver his State of the Union address Tuesday at 9 p.m. ET. CBS News chief White House correspondent Nancy Cordes joins "CBS News Mornings" to discuss what he's expected to talk about and what the address means for his potential reelection campaign.
Social Security recipients received their largest annual increase in decades last month, but some say it's still not enough to make ends meet amid inflation. Carter Evans has more.
The government shutdown entered its eighth day Wednesday as both sides remained locked in their positions with no signs of relenting.
The Senate on Tuesday confirmed former football star and Georgia Senate candidate Herschel Walker to serve as U.S. ambassador to the Bahamas.
Attorney General Pam Bondi appeared before the Senate Judiciary Committee for her first hearing since her confirmation.
DNI Tulsi Gabbard issued a directive to review polygraph policies and curb press leaks, echoing actions taken by the Bush and Obama administrations.
Members of the Texas National Guard will be assigned to the protection of federal facilities and federal law enforcement personnel in the Chicago area.
Airports in several U.S. states are seeing flight delays as the government shutdown enters a second week.
Violent games, including a simulation of the graphic shooting of activist Charlie Kirk, are seen by young children on the social gaming platform, the lawsuit alleges.
The Supreme Court is hearing a challenge to a Colorado law banning "conversion therapy" for minors that was brought by a licensed counselor in the state.
Tropical Storm Jerry formed Tuesday over tropical waters in the central Atlantic Ocean, the National Hurricane Center said.