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A new CBS News poll finds that Americans' economic outlook has grown slightly more pessimistic in the past month. High prices are weighing on people, with most saying they're on the rise. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Consumer confidence continues to wane as Americans worry about the economy, jobs and their income.
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
Red Lobster CEO Damola Adamolekun took over last September, shortly after the chain closed many locations and filed for bankruptcy.
Red Lobster is among more than a dozen casual dining chains that filed for bankruptcy in 2024. Now, its new CEO is attempting to reinvigorate and reinvent it in a challenging economic climate. Elise Preston reports.
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O'Grady has more on recession risk signs.
The Dow Jones regained some ground Monday after President Trump's tariffs put markets in a tailspin last week. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what happened on Wall Street.
U.S. stocks continue to flail as investors grapple with impact of Trump administration trade war and signs of economic slowdown.
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.
A better-than-expected inflation report may have contributed to a better stock market performance. Still the trade war is still on, and the European Union announced retaliatory tariffs. Kelly O'Grady explains.
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
New Consumer Price Index data showed inflation slowed in February, which may be a good sign for the U.S. economy for now. CBS MoneyWatch correspondent Kelly O'Grady reports.
The bird flu is still wiping out poultry flocks, leading to supply shortages. Here's when egg prices could come down, experts say.
Consumer price index data for February shows inflation slowed for the first time since September. It comes as investors navigate uncertainty over President Trump's tariffs. CBS News' Kelly O'Grady and Natalie Brand report.
Wall Street breathes a sigh of relief after a new report showed inflation slowed last month by more than expected.
The new consumer price index shows inflation cooled in February, coming in at a lower rate than economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has a look at the numbers.
Consumer Price Index data on Wednesday will give Americans, and the Federal Reserve, another readout on inflation.
Market volatility continued Tuesday with major indexes closing in the red as President Trump negotiates tariffs with Canada. CBS News chief White House correspondent Nancy Cordes sat down with Commerce Secretary Howard Lutnick to discuss the stock swings, inflation and risks of a recession.
Economic uncertainty looms over Wall Street after a back-and-forth between the U.S. and Canada on tariffs. On Wednesday, the U.S. will impose 25% tariffs on all Canadian steel and aluminum imports. CBS News' Kelly O'Grady and Zak Hudak break it down.
U.S. stocks plunged Monday as President Trump declined to rule out the possibility that the nation is tipping into a recession. CBS News MoneyWatch correspondent Kelly O'Grady examines the market's response. Then, Fin Gómez, CBS News political director, and Evan McMorris-Santoro, NOTUS reporter, join with analysis.
President Trump visits Alaska today for what the White House has called a "listening exercise" with Russia's President Vladimir Putin.
The move amounts to a sweeping reversal of "sanctuary" policies in the nation's capital.
A group of masked U.S. Border Patrol agents showed up in trucks outside of the press conference at the Japanese American National Museum.
CBS News will have live coverage as President Trump and Russia's President Vladimir Putin hold a rare meeting Friday at Joint Base Elmendorf-Richardson in Anchorage, Alaska.
Tropical Storm Erin was on the verge of becoming the Atlantic season's first hurricane early Friday.
A car accident, a series of secret wiretaps, a shootout with police and a drug bust eventually led federal investigators back to cartel leaders in Mexico.
Negotiators working on a landmark treaty to address the global crisis of plastic pollution failed to reach an agreement during talks that extended into Friday in Geneva.
Costco said it won't stock mifepristone after coming under pressure from conservative investors, activists.
As Social Security celebrates its 90th anniversary today, concerns are growing over its funding and recent staffing cuts.