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While the U.S. added 263,000 jobs in September, economists are bracing for the next Consumer Price Index report, due out this week, which gives a snapshot of inflation. Javier David, managing editor of business and markets at Axios, joins "CBS News Mornings" to discuss the latest economic news and what to expect from the markets this week.
Mohamed El-Erian, Allianz Chief Economic Adviser, said the " main drivers of inflation and how broad they are is still going up." He joins "Face the Nation" to discuss the "unsettling volatility" of the market right now.
The latest jobs report is fueling fears that a big interest rate hike is likely, as the Federal Reserve tries to aggressively fight inflation. Business analyst Jill Schlesinger breaks down the report.
The September jobs numbers showed a slight slowdown in hiring. The latest numbers come as the Federal Reserve weighs its next steps to try to tame inflation. According to the Labor Department, 263,000 jobs were added last month. The unemployment rate also fell to 3.5%. CBS News reporter Sarah Ewall-Wice has more.
Cost of U.S. flights around the Thanksgiving holiday is up roughly 25% compared with last year, booking data shows.
A member of the Proud Boys extremist group has pleaded guilty to seditious conspiracy charges in connection with the Jan. 6 Capitol riot. Jeremy Bertino faces up to 63 months in prison. A 430-foot tall Orlando amusement park ride is being taken down after a 14-year-old boy’s fatal fall from it in March. And all eyes are on the new monthly jobs report for its possible influence on the Federal Reserve’s fight against inflation.
It now costs nearly $100 to fill up a mid-size car with gas in California. Though gas prices are rising amid the decision by OPEC+ to cut 2 million barrels of oil per day, California prices have little to do with it. Jonathan Vigliotti takes a look.
Californians dealing with the rising cost of gas will start to see some financial relief starting Friday. CBS News correspondent Jonathan Vigliotti explains who is eligible for a gas tax rebate.
Some older Americans are cutting back on food, medicine and other basics. An annual Social Security bump may not be enough.
More Americans filed for jobless aid last week as layoffs jumped, showing the Fed's rate hikes are taking a toll.
Apple farmers say they're struggling to grow and sell the fall fruit due to inflation and labor shortages.
Indication of lasting inflation worries Americans; White House steps in amid potential railroad workers strike.
Tentative deal averts rail strike; Commerce Department says August retail sales up 0.3%.
The races for Arizona's new governor, senator and secretary of state are heating up, with just five weeks until election day. New CBS polling shows inflation and the economy are top voter priorities, while election security and abortion are still top of mind for candidates. Ed O'Keefe reports from Tempe.
Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.
This week on "Face the Nation with Margaret Brennan," we discuss the Jan. 6 hearings with Rep. Zoe Lofgren, a Democrat from California, go over the recently approved COVID-19 vaccine for kids with former FDA Commissioner Dr. Scott Gottlieb and take a look at America’s inflation problem.
This week on “Face the Nation with Margaret Brennan,” with inflation now hitting over 9%, we have a string of guests to talk about the state of the American economy as experts fear a recession is coming. Plus, more on the subpoena to the U.S. Secret Service sent by the House select committee investigating the Jan. 6 attack on the U.S. Capitol with member Rep. Adam Kinzinger.
Most people say it's harder to own a home or raise a family these days, crimping their standard of living.
Consumer advocates say some companies are reformulating products to use cheaper ingredients — but charging the same price.
Sharp drop in job openings will be welcomed by Fed Reserve as it pushes to raise unemployment to cool inflation.
Stocks start October on a high note after coming off their worst month since COVID-19 crashed financial markets.
It can be hard to believe we're talking the holidays already – but it could save some big bucks to start shopping early this year. High inflation and rising interest rates don't have to also mean soaring holiday spending. Nancy Chen has more.
Markets closed down Friday, closing the worst September for stocks since 2008. CBS News anchors Nikki Battiste and Elaine Quijano speak with Tim Pagliara, chief investment officer of CapWealth, about what drove trading.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
The latest federal data shows U.S. gross domestic product fell 0.6% in the second quarter, fueling fears of a recession. Lori Bettinger, the president of Bancalliance and the former director of the Troubled Asset Relief Program at the U.S. Treasury Department, joined CBS News to break down what this means for the economy.
The announcement comes days after he presented a 20-point peace plan aimed at ending the war in Gaza.
The government shutdown stretched into Day 9 on Thursday as another round of Senate votes failed to advance funding bills.
A federal judge is expected to rule on Thursday on a request from the governor and mayor to block the troop deployment.
Senate Democrats forced a vote under the War Powers Act aimed at blocking continued U.S. strikes on alleged drug-carrying boats off the coast of Venezuela.
The Pentagon Press Association said its negotiations with the Defense Dept. over new restrictions "have not been as successful as we had hoped."
The president of Colombia alleged the U.S. military struck a boat carrying Colombian citizens — which the White House vehemently denied.
The decision comes about two weeks after an appeals court ruling overturned the state's ban on open carry.
Two Pennsylvania State troopers and a suspect were shot Wednesday in Chambersburg, officials say.
Tropical Storm Jerry could become a hurricane by the weekend, forecasters say.