Party City files for bankruptcy protection amid rising prices
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Inflation
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.
World Economic Forum begins in Davos
World leaders and executives are gathering in Switzerland for the annual World Economic Forum. Simon Kennedy, executive editor for economics at Bloomberg News, joins "CBS News Mornings" to explain the main focus points for this year's meeting and how it differs from prior ones.
As Davos kicks off, Oxfam calls for tax on food companies
"Very large food and energy companies are making excessive profits," anti-poverty group chief said.
Margarine and butter prices are surging. Here's why.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
U.K. economy facing challenges
The British GDP grew slightly in the month of November, beating expectations from economists. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Anne-Marie Green to discuss what the numbers mean, as well as the impact of loosened travel restrictions for China's economy.
High housing costs force young adults to move home
Inflation appears to be slowing, as the Consumer Price Index fell to 6.5% in December. But the price of some items — like eggs — is skyrocketing. The high cost of housing is also having an impact on young people, forcing many to move home with their parents. Nancy Chen takes a look.
CPI report indicates inflation is slowing
The Consumer Price Index fell in December for the sixth straight month. It could be a sign the Federal Reserve will soon ease up on its aggressive interest rate hikes. Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, joined to CBS News for what this news means for the U.S. economy in 2023.
Inflation slowed to 6.5% in December from a year ago
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Americans' car debt reached $1.5 trillion
Americans owed more than $1.5 trillion on their car loans in the third quarter. New York Times business reporter Jack Ewing joins CBS News' Debra Alfarone to discuss a potential car bubble, inflation and rising interest rates and advice for consumers.
Stock market update & Big Tech layoffs
Stocks climbed Thursday after the latest Consumer Price Index report showed inflation slowing. But Big Tech companies are still going through a series of layoffs. Insider startups and VC reporter Samantha Stokes joined CBS News to discuss the latest on the economy.
Consumer prices rose more slowly in December
There is some positive news in the battle to tame inflation: the Consumer Price Index fell slightly from November to December, marking the sixth straight month of decelerating prices. CBS News reporter Sarah Ewall-Wice joins us with more.
As inflation eases, U.S. economy looks a little less bleak
With inflation showing signs of cooling down, Americans may yet evade a recession, experts said.
25,000 U.K. ambulance workers go on strike in blow to health service
"People are waiting longer because we can't get to them. It's a lack of capacity in every department," said one ambulance worker.
World Bank cuts 2023 global growth projection
As high inflation elevates the risk of a worldwide recession, the World Bank has lowered its growth forecast for the global economy. Paul Hannon, a reporter for The Wall Street Journal, joined "CBS News Mornings" to discuss.
New inflation data expected as Fed weighs hike
The government is expected to release new inflation data Thursday. Lori Bettinger, the president of BancAlliance and a former director of the Troubled Asset Relief Program at the Treasury Department, joined CBS News after the closing bell on Wall Street to discuss the Federal Reserve's fight against inflation and how investors are reacting.
Fed eyes first rate hike of new year
The Federal Reserve is eyeing another interest rate hike, and experts say the increase could be just a quarter of a percentage point. Sultan Meghji, the former chief innovation officer at the Federal Deposit Insurance Corporation and a professor at Duke University's Pratt Engineering School, joins CBS News to discuss.
Fed can't do much to fight climate change, Powell says
Central banks should lean on banks to consider environmental risks in lending, climate activists say.
Americans turn to credit cards amid inflation
More Americans are carrying credit card debt, which could affect the future of their finances. Ted Rossman, senior industry analyst for Bankrate, joins CBS News with some tips on how to control debt amid high inflation.
Ex-FBI chief James Comey in court today for arraignment — here's what to expect
Former FBI Director James Comey, a longtime foe of President Trump, will appear in Virginia for an arraignment, his first court appearance since he was criminally charged.
Dispute emerges over back pay for furloughed workers
The government shutdown entered its eighth day Wednesday as both sides remained locked in their positions with no signs of relenting.
Bondi faces questions on DOJ probes, Epstein files at Senate hearing
Attorney General Pam Bondi appeared before the Senate Judiciary Committee for her first hearing since her confirmation.
Texas National Guard arrives in Illinois, could begin assignments Wednesday
Members of the Texas National Guard will be assigned to the protection of federal facilities and federal law enforcement personnel in the Chicago area.
Exclusive
DNI Tulsi Gabbard orders U.S. intel agency leaders to stem leaks
DNI Tulsi Gabbard issued a directive to review polygraph policies and curb press leaks, echoing actions taken by the Bush and Obama administrations.
Herschel Walker confirmed as U.S. ambassador to the Bahamas
The Senate on Tuesday confirmed former football star and Georgia Senate candidate Herschel Walker to serve as U.S. ambassador to the Bahamas.
Flights delayed at some airports amid air traffic controller shortage
Airports in several U.S. states are seeing flight delays as the government shutdown enters a second week.
Soldiers investigated after 6 people shot dead on highway
Numerous violent clashes involving security forces in Tamaulipas have prompted accusations of extrajudicial killings.
Tropical Storm Jerry forms over central Atlantic Ocean
Tropical Storm Jerry formed Tuesday over tropical waters in the central Atlantic Ocean, the National Hurricane Center said.