Stocks dive as recession fears mount
Stocks plummeted Friday, driven in part by inflation worries, the direction of the U.S. economy and concerns about another short-term interest rate hike. Michael George has more.
Inflation
Gas prices and GDP raise concerns
Gas prices are once again rising, with the national average now around $4.14 per gallon. Democrats are proposing new legislation to give the Federal Trade Commission increased authority to crack down on price gouging. CBS News chief White House correspondent Nancy Cordes joins "CBS News Mornings" to discuss.
U.S. economy takes another hit
The U.S. economy shrank in the first quarter of 2022, but American consumers and businesses kept spending despite high inflation and rising costs. Steve Odland, president and CEO of The Conference Board, joined CBS News to discuss the latest GDP data and its impact on consumers.
Inflation forces retirees to rejoin the workforce
Many retirees are struggling amid inflation. Rising prices are forcing some to reenter the workforce. Mark Strassmann has more.
MoneyWatch: Inflation and retirement planning
Inflation has hit a 40-year high, forcing employees and employers to adapt when planning for the future. Rebecca Walser, president of Walser Wealth Management, joins "CBS News Mornings" to explain what you can do to set yourself up for a comfortable retirement.
Small business owners report feeling inflation's squeeze
Small-business owners describe the economic landscape in the wake of the COVID-19 pandemic as a tale of two recoveries.
Lagarde says European inflation "a different beast"
Christine Lagarde, the president of the European Central Bank, says half of Europe's growing inflation is related to energy prices, which have "dramatically increased" due to the war in Ukraine.
U.S. food prices are likely to keep rising. Here's why.
As inflation surges, one Wall Street analyst expects U.S. food costs to continue rising this year and into 2023.
Fed looks to hike interest rates half a point as inflation soars
The Fed raised its rate by .25% in March, which some experts felt was not enough.
Netflix stock drops after subscriber loss
Netflix suffered its biggest stock loss in nearly two decades, losing more than $50 billion in market value. It comes after the streaming giant announced a loss of 200,000 subscribers last quarter. Carter Evans takes a look.
The cost of returning to the office
Many companies are calling employees back to an in-person work environment, and workers are now dealing with the costs of coming back to the office. Charisse Jones, a business reporter for USA Today, joins "CBS News Mornings" to discuss employees' financial concerns.
How rising inflation impacts businesses and families
CBS News' Mark Strassmann takes a closer look at how inflation, which reached another four-decade high of 8.5% in March, is impacting businesses and families across the country.
Inflations hits 40-year record in U.S.
Inflation hit a fresh 40-year record in March as U.S. consumer prices rose 8.5% from a year ago. Meanwhile, Russia is accused of using starvation as a weapon of war against Ukraine. CBS News chief foreign affairs correspondent and moderator of "Face the Nation" Margaret Brennan joins Lana Zak to discuss the latest.
Inflation at highest level since 1981
Inflation is at its highest point in the U.S. since 1981, and Americans are feeling it in everything from gas prices to the rising cost of food. CBS News reporter Sarah Ewall-Wice joins "Red and Blue" to discuss the impact.
Biden says Putin committing "genocide"
President Biden said Russia's Vladimir Putin has committed genocide in Ukraine. He is also blaming the Russian invasion for economic inflation. Ed O'Keefe reports.
Biden announces ethanol rule change
The Biden administration plans to allow an ethanol blend in fuel during the summer months in an effort to ease the burden of steep gas prices. Stephen Gruber-Miller, a statehouse and politics reporter for the Des Moines Register, joins "Red and Blue" to discuss the announcement during the president's visit to Iowa.
Inflation jumps to highest level since 1981
The cost of living in America shot up in March, as consumer prices have risen 8.5% from a year ago. Steve Odland, the president and CEO of The Conference Board, joins CBS News to discuss what the increase in costs means for the economy and if the U.S. is headed towards a recession.
Inflation accelerated to 8.5% in March, highest since 1981
Price of gasoline, food and shelter rose in March, driving inflation to its highest level in more than 40 years.
Inflation reaches 40-year high
The U.S. Labor Department's latest Consumer Price Index shows prices have jumped 8.5% over the past year, the biggest spike since December 1981. Michael Pond, head of inflation research at Barclays, spoke with CBS News' Anne-Marie Green and Vladimir Duthiers about what that means for your bottom line.
What's causing the rise in inflation?
Consumer Price Index inflation is the highest it has been in over four decades. Greg McBride, chief financial analyst with Bankrate.com, joins "CBS News Mornings" to discuss some of the factors behind the latest numbers.
Inflation hit 40-year record
The Labor Department released its consumer price index report on Tuesday, showing inflation hit a fresh 40-year record in March as U.S. consumer prices rose 8.5% from a year ago. Ed O'Keefe reports from the White House.
Inflation, bird flu drive up egg prices
With Easter less than a week away, the price of eggs is skyrocketing. Costs are being driven up by several factors, including an outbreak of bird flu and record inflation. Omar Villafranca visited a Texas egg farm to learn more.
EPA to try to fight high gas prices at the pump with ethanol blend
It's the Biden administration's latest attempt to bring gas prices down for Americans.
Inflation, deadly bird flu drive up egg prices
The cost of eggs is skyrocketing, thanks to several factors. Omar Villafranca reports.
Decline in Biden's approval rating
Despite a strong job market, the rising costs of food, gas and rent have Americans concerned, and it's taking a toll on President Biden's approval rating. CBS News Washington reporter Caitlin Huey-Burns joins Tanya Rivero to discuss the possible impact on this year's midterm elections.
Government shutdown continues as Smithsonian museums, National Zoo temporarily close
The government shutdown entered its 12th day on Sunday as Republicans and Democrats remain at an impasse over a spending plan, and the Trump administration began laying off thousands of federal workers.
Vance accuses Democrats of "hostage-taking" with government shutdown posture
Democratic leaders in Congress have pushed for serious negotiations with Republican leaders and the White House to end the stalemate.
Israel expects hostages to be freed "in a few hours" as ceasefire holds
The ceasefire between Israel and Hamas has brought cautious calm to the region as aid begins to flow into the Gaza Strip.
Diane Keaton, star of "Annie Hall" and "Father of the Bride," dies at 79
Diane Keaton had a decades-long career with performances in 1977's "Annie Hall," the "The Godfather" films, and many more.
Justice Anthony Kennedy on the Supreme Court today
The former justice who was the deciding vote on some of the Supreme Court's most consequential decisions talks about the Court today, and about his memoir, "Life, Law & Liberty."
Former NFL quarterback Mark Sanchez released from Indianapolis hospital
Mark Sanchez was hospitalized with multiple stab wounds following the altercation on Oct. 4. He was then charged with battery involving serious bodily injury, a felony.
South Carolina bar shooting kills at least 4, injures 20
The shooting at Willie's Bar and Grill on St. Helena Island left at least 20 injured, including four in critical condition, the Beaufort County Sheriff's Office said.
"A House of Dynamite": Battling a nuclear nightmare
The latest white-knuckle thriller by director Kathryn Bigelow imagines the responses within the government and the military when a single ICBM is launched toward the United States.
A wife is accused of her husband's murder. Can she clear her name?
Alison Davis says she woke up to find her husband, Kevin Davis, face down in a pool of blood inside their New Haven, Indiana, home. She says he fell down the stairs. But after an autopsy report, police came to a different conclusion.