U.K. hobbled by biggest labor strikes in more than a decade
An estimated 500K workers, from teachers to train drivers, are demanding better pay and work conditions amid soaring inflation exacerbated by Brexit.
Inflation
Job openings unexpectedly rose in December to 11 million
American labor market remains hot despite the Federal Reserve's efforts to cool it down.
Wall Street sends stocks to their highest levels since summer
Stocks closed higher on Wall Street, marking the market's third winning week in the last four.
A key inflation measure cooled in December
Easing of Personal Consumption Expenditures price index indicates Fed's interest rate hikes are slowing the economy.
Stocks finish higher on encouraging GDP numbers
The Dow Jones ended in the green Thursday following a report that showed the U.S. gross domestic product rose 2.9% in the fourth quarter of 2022. Kayla Bruun, economic analyst for Morning Consult, joined CBS News to discuss what the latest GPD data could mean to the economy.
U.S. GDP grew 2.9% in final quarter of 2022
The economy is fighting back against inflationary pressures, but many economists say that won't last, and the economy could slow down in 2023 as an intended consequence of the Federal Reserve's efforts to rein in inflation by raising interest rates. Economist and Harvard University professor Jeffrey Frankel joined CBS News to discuss what the latest GDP data could mean for the economy moving forward.
Economic growth remains solid, shrugging off recession fears
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
Egg prices have soared. Now a lawmaker wants to know why.
With egg costs more than doubling in the past year, calls are coming for an investigation into possible price gouging.
Experts predict lower housing prices
Many real estate experts say they expect to see lower housing prices in 2023. CBS News' Tony Dokoupil and Lilia Luciano are joined by Kenny Simpson, mortgage adviser for The Simpson Team, to discuss the market trends.
U.K. consumers cut back on spending
New data from Britain's Office for National Statistics shows that consumers in the United Kingdom cut down on their shopping in December by the largest amount in at least 25 years. Meanwhile, the latest report from the government shows that inflation in the U.K. eased from November to December. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Anne-Marie Green from London to discuss.
Stocks fall as recession fears weigh on market
"Disappointing U.S. data releases and hawkish Fed rhetoric are also adding to the risk-off mood," said one analyst.
Inflation is cooling, Fed Vice Chair Lael Brainard says
But central bank will have to keep interest rates elevated "for some time" to keep a lid on price increases, official notes.
U.K.'s King Charles says property windfall should go to "wider public"
The royal family owns a lot of property, and plans for new wind farms are making it much more valuable.
Claims for jobless aid fall to lowest level in 4 months
Despite a spike in tech layoffs, most U.S. employers are holding on to their workers amid a tight job market.
Dow drops on negative retail sales report
The Dow Jones dropped more than 600 points Wednesday following the release of the December retail sales report by the U.S. Commerce Department. Kayla Bruun, an economic analyst for "Morning Consult", joined CBS News to provide her reaction to the report.
Market has biggest pullback of the year, led by tech
Dow falls more than 600 points, while sharp drop wipes out S&P 500's gains from last week.
The high cost of health care in America
The latest Gallup poll shows a record number of Americans delayed medical care in 2022 because they could not afford it. Pediatric airway surgeon Dr. Susannah Hills joined CBS News to break down the data.
Party City files for bankruptcy protection amid rising prices
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Thousands of U.K. nurses walk out as wave of strikes continues
Key health and transport workers, driving instructors, bus drivers and postal workers have all gone on strike in recent months in a standoff with the government.
What is causing egg prices to skyrocket?
Inflation has slowed for six months straight, but some grocery store staples have continued to skyrocket in price. Among items leaving consumers shell-shocked at the increased cost: eggs. Carter Evans takes a look.
Egg prices have soared 60% in a year. Here's why.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
IRS says tax refunds may be smaller
Tax season begins on Monday, and taxpayers should expect some changes this year. The IRS warned refunds could be smaller because of the expiration of COVID-19 relief initiatives. CBS MoneyWatch associate managing editor Aimee Picchi joined CBS News to discuss.
4 ways parents can cut their child care costs in 2023
As the new year kicks off, here are some tips for parents looking to save money amid high inflation.
GM president on future of electric vehicles
Popularity of electric vehicles soared in 2022 with around 7.8 million units sold globally. General Motors President Mark Reuss joined CBS News to discuss Chevrolet's new fully electric Corvette and the future of the electric vehicle industry.
What are the chances of a U.S. recession?
Despite signs of inflation easing up, many economists are still expecting the U.S. to fall into a recession. CBS News' Tony Dokoupil and Lana Zak are joined by Harriet Torry, economics reporter for the Wall Street Journal, to discuss the economic outlook.
House committee to make Epstein files public after Justice Department subpoena
The House Oversight Committee intends to release the documents related to the Jeffrey Epstein case, a spokesperson said.
Hurricane Erin threatens East Coast with dangerous rip currents
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
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.
Kilmar Abrego Garcia's lawyers ask judge to dismiss criminal charges
Kilmar Abrego Garcia — who was wrongfully deported to El Salvador only to be brought back to face smuggling charges — asked a federal judge to dismiss his indictment.
Florida executes man for 1982 killing of abducted woman, state's 10th execution in 2025
The 10th execution carried out by the state of Florida in 2025 extends the state's record for executions in a single year.
White House launches official TikTok account as Trump's deadline to ban app looms
The White House launched an official TikTok account on Tuesday, less than a month before a Sept. 17 deadline for the app to either find a new owner or face a U.S.-wide ban.
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.
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.
Exclusive
U.S. strikes deportation deals with Honduras and Uganda, documents show
The U.S. has expanded its campaign to persuade countries to aid its crackdown on illegal immigration by accepting deportations of migrants who are not their own citizens.