Stocks plummet as good economic news fuels interest-rate fears
Wall Street loses its gains from the last two days, as reports show better-than-expected data on economy.
Inflation
U.K. economy faces "stagflation," strikes
John Quelch, dean of the University of Miami Herbert School Business, joins "CBS News Mornings" to discuss the recent downturn n the U.K. economy.
Here's how much pay Americans say they'd need to switch jobs
The minimum salary people want has risen to 8-year high, reflecting a hot job market and high cost of living, a survey says.
Consumer confidence helps drive market
The Dow Jones Industrial Average gained over 500 points on Wednesday as investors reacted to a higher-than-expected consumer confidence report. Dana Peterson, chief economist at The Conference Board, joined CBS News to discuss her organization's findings and her expectations for 2023.
Stocks on Wall Street gain ground, turning higher for the week
Major stock indexes rose into the green for the week, as investors remain focused on hot inflation and a potential recession.
Here's when the 8.7% Social Security hike will arrive in 2023
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
Holiday budgeting amid inflation
Although inflation has shown signs of easing, many families are still feeling the pinch. But inflation does not have to be the Grinch that steals Christmas this year. Nancy Chen has more on different ways to budget.
Stocks fall for fifth straight trading day
Stocks fell for a fifth straight trading day on Monday after the Federal Reserve last week raised its forecast of how long interest rates have to stay elevated to cool inflation. Frances Stacy, director of strategy at Optimal Capital, joined CBS News' Lilia Luciano to discuss.
Consumers watching holiday spending
Inflation is coming down in the U.S., and gas prices dropped more than 50 cents in the last month. But November's retail sales were the biggest decline this year. Worrisome to retailers: shoppers spent less in holiday categories: electronics, clothing, toys. Mark Strassmann reports.
As Fed hikes interest rates, home prices dip
Home prices are on a decline as the Federal Reserve continues to raise interest rates to tame inflation. Skylar Olsen, chief economist at Zillow, joined CBS News' Catherine Herridge to discuss how rising interest rates are affecting the housing market and what homeowners and home buyers should do.
Stocks fall on recession fears, marking 2nd straight weekly loss
The central bank signaled rates will likely remain higher over the coming few years than it had previously anticipated.
Troubles for U.K. economy
Labor strikes, rising costs of living and inflation rate hikes are weighing on U.K. consumers as the holiday season approaches. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Errol Barnett to discuss.
Agriculture secretary discusses rising food prices
As food prices continue to rise, farmers are struggling to stay afloat. U.S. Secretary of Agriculture Tom Vilsack joins CBS News' "Prime Time" to discuss the issue.
Stocks drop after rate hike, weak sales data
Stocks on Wall Street plunged Thursday, a day after the Federal Reserve announced yet another interest rate hike. Megan Greene, senior fellow at Brown University, and the global chief economist for the Kroll Institute, joins CBS News' "Prime Time" to discuss the state of the economy.
Managing your checking account
CBS MoneyWatch reporter Megan Cerullo joins CBS News to share tips for managing checking accounts as interest rates rise.
High interest rates hinder home buyers
The Federal Reserve raised interest rates again as it tries to ease inflation. Tanya Rivero takes a look at what it means for the housing market.
Fed chair says rate cuts unlikely in 2023
The Federal Reserve boosted its benchmark interest rate by 0.5 percentage point, marking its seventh consecutive hike this year. David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined John Dickerson to discuss the Fed's efforts to bring inflation down.
Inflation slows more than expected
Inflation slowed sharply in November, continuing a gradual decline since price hikes peaked across the U.S. this summer. Ed O'Keefe reports.
Fed hikes key interest rate for seventh time this year
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Stocks fall following latest rate hikes
The Federal Reserve raised interest rates by half a point Wednesday, and the Dow Jones Industrial Average index fell following the announcement before briefly spiking when Fed Chairman Jerome Powell said that he wouldn't rule out the prospect of a soft landing. J.D. Durkin, host of "TheStreet," joined CBS News to look back on the Fed's work in 2022 and discuss what Americans should expect in the coming year.
Tackling student loans amid high interest rates
Concerns over rising interest rates and inflation are weighing on many parents and students as they consider taking out loans for college. Ann Berry, founder of Threadneedle Ventures, joined CBS News' Lana Zak and Errol Barnett to discuss how to approach the important decision.
Americans say holiday gifts harder to afford, poll shows
Punishing inflation is forcing many people to economize this holiday season, while some are skipping gifts altogether.
Inflation slows ahead of Fed meeting
The Labor Department reported Tuesday that the Consumer Price Index rose 7.1% over the last 12 months, the slowest rate of inflation since December of 2021. William Lee, chief economist for the Milken Institute, joined CBS News to discuss the latest data.
Treasury Secretary Janet Yellen on inflation
In the U.S., inflation is at a 40-year high. Secretary of the Treasury Janet Yellen told 60 Minutes she sees positive signs that many of the underlying causes are being resolved and that by the end of 2023, inflation will be substantially reduced.
CPI report shows inflation slowing down
President Biden says the latest Consumer Price Index report is a sign that the country's economy is heading in the right direction. November's monthly index showed inflation is slowing, and the rate was not only lower than October's, but less than economists predicted. CBS News senior White House and political correspondent Ed O'Keefe has more on the administration's economic agenda and the celebratory plans for the signing of the Respect For Marriage Act into law.
Ex-FBI chief James Comey pleads not guilty to charges of lying to Congress
Former FBI Director James Comey, a longtime foe of President Trump, will appear in Virginia for an arraignment, in his first court appearance since being criminally charged.
live updates
Senate prepares to vote again on Day 8 of government shutdown
The government shutdown stretched into Day 8 on Wednesday with more Senate votes planned. Follow live updates here.
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.
Gazans orphaned by Israel's war with Hamas long for lost childhoods
CBS News meets young Palestinians who've lost their parents to Israel's war with Hamas, who say they're scared, and know "life will never be the same."
Trump posts that Chicago mayor, Gov. Pritzker "should be in jail"
"Chicago Mayor should be in jail for failing to protect Ice [U.S. Immigration and Customs Enforcement]" Officers!" President Trump posted. "Governor Pritzker also!"
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.
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 churns over central Atlantic Ocean
Tropical Storm Jerry continued to churn over tropical waters of the central Atlantic Ocean and was likely to become a hurricane.