Travelers urged to take advantage of falling airline ticket prices, experts say
Airfares were down 7.8% in July compared to June, according to the latest numbers released by the Labor Department.
Inflation
The Inflation Reduction Act may not lower inflation: analysis
A new analysis from the Penn Wharton Budget Model finds that wealthier taxpayers will bear the brunt of the impact.
U.S. stocks fly high, as S&P 500 ends 4th straight week of gains
Some investors believe inflation may have peaked, allowing Federal Reserve to be less aggressive with hikes.
Inflation and July's Consumer Price Index
The U.S. Labor Department has released its latest Consumer Price Index for July 2022. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down what this means for prices and the economy.
Gas prices drop under $4 average
According to AAA, the national average price for a gallon of gas has dropped to $3.99. CBS News transportation correspondent Errol Barnett joins Carter Evans to discuss the latest.
Stock market recap
It turned out to be a relatively flat day on Wall Street. The Dow opened higher but took a turn midday, with the market dipping into the red. Chief economist for The Conference Board Dana Peterson joins CBS News' Tanya Rivero and Lilia Luciano to discuss.
Gas prices fall below $4 for first time since March
The average price for a gallon of regular gas fell below $4 for the first time in five months, according to AAA. The relief comes from an increase in global oil supply and a decrease in fuel demand. Errol Barnett takes a look.
USPS announces rate increase for holiday shipping
The U.S. Postal Service is increasing rates for holiday shipping, beginning in October. First-class packages will see a surcharge depending on weight and distance.
Grocery costs are surging at the fastest rate since 1979
Americans are dipping into savings and switching to lower-cost brands as food prices climb higher.
Food costs hit highest inflation level in 40 years
Despite inflation slowing down in July, food prices are rising to levels not seen in more than 40 years. Yahoo Finance reporter Alexandra Semenova joins "CBS News Mornings" to discuss the latest.
Investors cheered by another sign U.S. inflation is easing
Economy is "experiencing a healthy deceleration, not a recession," Goldman Sachs analyst says.
U.S. inflation slows after hitting 40-year high
Economists are cautiously optimistic that inflation may be slowing as prices on gas, airline tickets and clothes all fell last month. Carter Evans takes a look.
Investors cheer July CPI report
Investors are reacting to the July Consumer Price Index report, which showed the annual rate of inflation at 8.5%, down from 9.1% in June. CBS News' Tanya Rivero and Elaine Quijano speak with Insider reporter Ben Winck on what the report means for American consumers.
U.S. stocks soar to 3-month high as inflation falls in July
Latest inflation data bolsters hopes that consumer prices have peaked and that the Fed can temper interest rate hikes.
Inflation slowed in July, showing Fed's rate hikes are working
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
MoneyWatch: Signs inflation is slowing
July's Consumer Price Index report showed a 8.5% annual inflation rate, down from 9.1% in June, which was the highest in over 40 years. The Wall Street Journal's Akani Otani joins CBS News with more on the economic impact.
8/10: CBS News Mornings
Former President Trump to be deposed in New York; Inflation impacting back-to-school shopping
Inflation rate declines a bit as gas prices drop
The annual inflation rate was 8.5% in July, a slight dip from the four-decade high of 9.1% in June. CBS News reporter Sarah Ewall-Wice breaks down what this means for American consumers.
Inflation rate down from 40-year high
The Consumer Price Index rose to 8.5% in the month of July, bringing inflation down from its 40-year high. Gas prices are falling, but the cost of food and rent are still increasing. Lori Bettinger, president of BancAlliance and the former director of the U.S. Treasury's Troubled Asset Relief Program, joined CBS News to discuss what this data means for the economy.
Biden's approval rating and economic outlook
The news of a slowly shrinking inflation rate comes amid a jump in President Joe Biden's approval rating. CBS News political correspondent Caitlin Huey-Burns joined Vladimir Duthiers and Anne-Marie Green to discuss the impact economic factors may have on the upcoming midterm elections, and the president signing the PACT act into law.
Inflation impacting back-to-school shopping
Families getting ready to send kids back to school are facing higher prices for school supplies, clothes and other items. Axios senior reporter Kelly Tyko joins "CBS News Mornings" with advice on how to save money when back-to-school shopping.
Drivers find relief at gas pump as prices drop
Americans are finally seeing relief at the pump. The average price of gas has fallen for more than 50 straight days, and the national average is on the verge of falling below $4 per gallon. Errol Barnett takes a look.
Investors await July inflation report
Investors are awaiting the July Consumer Price Index report for signs of whether inflation has started to ease after hitting another four-decade high in June. CBS News' Tanya Rivero and Elaine Quijano speak with Rick Newman, senior columnist for Yahoo Finance, about the state of the economy.
Making sense of the economy
The U.S. economy added 528,000 jobs in July. However, the GDP has shrunk $125 million since the end of 2021, despite adding 3.3 million jobs in that time. Washington Post global economics correspondent David J. Lynch joins CBS News to help make sense of the contradictions.
Senate passes climate, health and tax bill in major win for Democrats
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
New York court throws out $527 million penalty in Trump civil fraud case
A New York appellate court threw out the $527 million penalty in the civil fraud case against President Trump and others on Thursday, ruling that the fine was "excessive."
Alina Habba serving unlawfully as N.J.'s top federal prosecutor, judge rules
Alina Habba, President Trump's former personal lawyer, has been serving as New Jersey's U.S. attorney "without lawful authority" since early July, a judge said.
Trump hands out burgers and pizza to federal law enforcement amid D.C. police surge
President Trump visited a crowd of federal law enforcement officers on Thursday.
Hurricane Erin starts moving away from North Carolina coastline
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
Ukraine says huge Russian attack proves Putin uninterested in peace
As Trump pushes for peace, Ukraine accuses Russia of a deadly drone and missile strike, "as if there were no efforts by the world to stop this war."
California lawmakers approve Newsom-backed redistricting plan
The new map would shift five of California's Republican House seats to be more favorable to Democrats in the 2026 midterm elections — counteracting a Texas redistricting plan backed by President Trump.
U.S. Navy sailor convicted of selling secrets to China
Jinchao Wei, who was an active-duty sailor stationed in San Diego, was found guilty of charges he sold military secrets to China.
Cracker Barrel loses almost $200 million in value after new logo release
Cracker Barrel stock plunged almost 15% on Thursday after the company released a new logo that removes its long-time image of a man leaning against a barrel.
Woman charged with murder after using abortion pill details claims against D.A.
Lizelle Gonzalez was indicted on murder charges in 2022, after she used medication to induce an abortion. The charges were later dropped.