Impacts of inflation on Thanksgiving turkey
With Thanksgiving around the corner, CBS News correspondent Janet Shamlian visits a family farm in rural Indiana to report on the impacts of inflation on turkeys.
Inflation
Inflation raises cost of Thanksgiving dinner
New York Times food correspondent Kim Severson joins CBS News' Anne-Marie Green and Dana Jacobson with a breakdown of how much more your Thanksgiving dinner will cost this year thanks to inflation.
Americans delaying financial milestones
From the coronavirus pandemic to inflation, Americans have spent the last two-and-a-half years delaying big purchases and even avoiding events due to economic uncertainty. Ted Rossman, senior industry analyst at Bankrate, joins CBS News to discuss a new survey that shows where people are cutting back.
Holiday shopping season begins
With high inflation, holiday shopping could be trickier than years past. Nerdwallet spokesperson and lead writer Sara Rathner joins "CBS News Mornings" with tips on how to navigate the season.
Here's how much more Thanksgiving dinner will cost this year
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
UK Chancellor announces recession
In autumn statement British Chancellor, Jeremy Hunt, admitted the UK was in recession as the government plans to prioritize stability, growth and public services. CBS News Foreign Correspondent, Ramy Inocencio, joins 'CBS News Mornings' with more on the Autumn Statement.
U.K. economy in recession for first time since 2008
The country's finance minister made the announcement as he unveiled a litany of tax hikes and other measures to help Britain "face into the storm."
Rental car companies benefit from travel rise
In MoneyWatch, used car prices are falling which could suggest we are entering a period of cooling inflation. The potentially positive sign for the economy could ultimately impact the rental car market as many Americans prepare to travel ahead of the busy holiday season. Sally French is the lead travel writer at NerdWallet. She joins CBS News for more.
Report suggests inflation cooled in October
Wholesale prices rose 0.2% in October from September, the government said Tuesday in its producer price index. Prices at the wholesale level rose 8% from a year ago in a decline from previous months. Lori Bettinger, president of BancAlliance and a former director of the Troubled Assets Relief Program during the Obama administration, joined CBS News to discuss.
Changing investment strategies for retirement
Traditional investing advice calls for 60% of your portfolio invested in stocks and 40% in bonds. However, investors following the 60-40 rule have seen a 15% loss in 2022, complicating retirement savings for many Americans. The Wall Street Journal's Akane Otani joins CBS News to discuss the various strategies in investing for retirement.
Last-minute flights for holidays will cost you more this year
"Prices will be higher, and we will see flights sell out for both holidays," one travel pro said.
Sam's Club drops price on hot dog and drink combo, undercutting Costco
Both chains had been charging $1.50 for the combo, but Sam's Club has dropped their price down to $1.38.
Stocks rise on cooler-than-expected inflation data
Investors were fueled by hopes that cooling prices could influence Federal Reserve ahead of its December meeting.
Yellen warns of "risky" cryptocurrency, touts "resilient" U.S. economy
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
Inflation and bird flu raise turkey prices
Turkey, the centerpiece of Thanksgiving, is up 17% from last year as farmers are dealing with a one-two punch of soaring costs and the highly contagious avian flu, which is on par for one of its deadliest years yet. Nancy Chen takes a look at the price increases and some ways to save.
European markets drop after Truss' resignation
European markets have been taking direct hits following the resignation of British Prime Minister Liz Truss. The continent was already facing record-high inflation and interest rate hikes, similar to the U.S. Akin Oyedele, investing deputy editor at Business Insider, joined CBS News' Catherine Herridge to discuss.
Mortgage rate soars to 6.7%, highest since 2007
According to Freddie Mac, the average 30-year mortgage rate in the U.S. has risen to 6.7%, the highest since 2007. Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, joined CBS News to provide some advice for new homebuyers.
Concerns about inflation and interest rates
Core inflation in the U.S. surged to the highest level in 40 years as prices for housing, food and health care continued to rise. Abha Bhattarai, an economics correspondent for The Washington Post, joined Catherine Herridge to discuss September's CPI report.
U.S. stocks fall after September jobs report
The stock market tumbled Friday after a stronger-than-expected September jobs report, creating fears among investors that it could lead to yet another rate hike by the Federal Reserve. Colby Smith, U.S. economics editor for the Financial Times, joined Catherine Herridge to discuss what the report could mean to the U.S. economy.
What does jobs report say about economy?
As the unemployment rate rose slightly to 3.7% last month, hiring across the nation continued to remained robust. Jacob Sonenshine, a markets reporter at Barron's, joined Weijia Jiang on CBS News to discuss what the recent jobs report means for the Federal Reserve's monetary tightening.
Impact of latest interest rate hike on Americans
CBS News chief foreign affairs correspondent Margaret Brennan joins CBS News' Catherine Herridge to discuss this week's edition of "Face the Nation." They break down the Federal Reserve's latest interest rate hike and preview an upcoming exclusive interview with Ukrainian President Volodymyr Zelenskyy.
Credit card interest rates hit record high
The average interest rate for a credit card has climbed to a record high as the Federal Reserve keeps hiking interest rates to curb inflation. Lilia Luciano takes a look.
Inflation showed signs of slowing in October
According to a monthly report released by the Labor Department Thursday, the consumer price index rose 7.7% from October 2021 to October 2022, an indication that inflation may finally be easing. Lori Bettinger, president of BancAlliance, joined John Dickerson to discuss the latest inflation data, and what it means for the economy.
MoneyWatch: Inflation at lowest since January
The annual rate of inflation has hit 7.7%, the lowest level since January. CBS News business analyst Jill Schlesinger joins CBS News' Lana Zak and Errol Barnett on what this means for families who've dealt with high prices for months.
Dow surges on lower inflation report
Markets surged Thursday as investors cheered the lower-than-expected October Consumer Price Index. John Leer, chief economist at Morning Consult, joins CBS News' Lana Zak and Errol Barnett to discuss the potential impact on interest rates and the overall economic outlook.
live updates
Senate votes fail again on Day 8 of government shutdown
The government shutdown stretched into Day 8 on Wednesday as another round of Senate votes failed to advance funding bills. Follow live updates here.
Trump says he "may go" to the Middle East this weekend amid peace talks
"I may go there sometime toward the end of the week," President Trump said of a possible trip to the Middle East.
Senate Democrats to force vote on blocking Trump strikes on alleged drug boats
Senate Democrats plan to force a vote under the War Powers Act aimed at blocking continued U.S. strikes on alleged drug-carrying boats off the coast of Venezuela.
Dolly Parton says "I'm not dying" after sister asks for prayers
Dolly Parton's spokesperson told CBS News that she was filming the video to address fans' concerns.
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, appeared in Virginia for an arraignment, in his first court appearance since he was charged.
Latino voters who backed Trump could be a key factor in NJ governor's race
Trump made substantial inroads in heavily Latino areas in New Jersey in 2024, but many have since soured on him and the GOP, a CBS News analysis finds.
14 soldiers killed as "love triangle" turns deadly in South Sudan
At least 14 soldiers were killed in South Sudan after a suspected "love triangle" dispute led to a shootout, the army said.
Florida man arrested for allegedly starting Palisades Fire
The Palisades Fire burned more than 23,000 acres and killed at least 12 people in January.
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.