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The Federal Reserve raised interest rates as all major stock averages ended last week in the negative, but U.S. Treasury Secretary Janet Yellen said a recession is neither "imminent" nor "inevitable." Akane Otani, a reporter at The Wall Street Journal, spoke with "CBS News Mornings" about Yellen's comments amid growing fears about the future of the economy.
The U.S. stock market on Friday ended its worst week since March 2020. John Quelch, dean of the University of Miami Herbert Business School, joins CBS News senior investigative correspondent Catherine Herridge to discuss the state of the economy.
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve raised its key rate by three-quarters of a point. CBS News' Lana Zak joins Carter Evans to discuss the impact of soaring rates on consumers.
The Federal Reserve raised interest rates by 0.75 percentage points Wednesday in an effort to fight inflation. CBS News Chief White House Correspondent Nancy Cordes reports on how the Biden administration is responding to the news, then CBS News Business Analyst Jill Schlesinger breaks down the impacts of this rate hike on the job market and your finances.
The Federal Reserve announced Wednesday it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994. CBS News correspondent Carter Evans reports on the decision. Then, Megan Greene, global chief economist for the Kroll Institute and a senior fellow at the Harvard Kennedy School, joins CBS News to discuss how the increase could affect the consumers.
With stocks plunging and inflation at a 40-year high, experts offer tips for riding out the turbulence.
Making the right moves with your investments and retirement plan is key when the stock market is in free fall like it has been. Joe Saluzzi, partner and co-founder of Themis Trading spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about what to do with your portfolio.
Wall Street has entered a bear market, but experts warn you shouldn't do anything rash. CBS News Business Analyst Jill Schlesinger spoke to Anne-Marie Green and Vladimir Duthiers on CBS News about how to handle your finances in a down market, and what's to blame for plummeting prices.
Volatility follows Monday's turmoil which brought panic among many worried about their 401(k) retirement savings.
The S&P 500 hit a bear market for the first time in two years as stocks face "their worst start to a year in decades."
May surge in consumer prices raises odds that the Fed will continue to sharply hike interest rates.
Lori Bettinger, the co-president of Alliance Partners, joined CBS News' Tanya Rivero and Nikki Battiste to discuss the upcoming consumer price index report.
Dow dives more than 600 points as central bankers struggle to contain spiraling food, energy and other prices.
Yahoo! Finance reporter Emily McCormick speaks with CBS News' Tanya Rivero and Elaine Quijano about the factors causing the U.S. stock market to fluctuate.
Trading remains choppy as investors try to determine how rising interest rates and inflation will impact economy.
While major financial markets ended the day in positive territory, the average price of gas in the U.S. hit a record high of $4.97 per gallon. CBS News' Elaine Quijano and Tanya Rivero discuss the latest developments with Tom Kloza, global head of energy analysis for the Oil Price Information Service.
The U.S. added 390,000 jobs in May and unemployment remained flat at 3.6%, according to the latest jobs report from the Labor Department, but stocks closed the week in the red. CBS News' Elaine Quijano spoke with Lori Bettinger, president of BancAlliance and former director of the federal Troubled Asset Relief Program, about how this affects your paycheck.
The major stock indexes ended Tuesday with losses after ping-ponging throughout the day. Geetu Sharma, the founder and investment manager of AlphasFuture LLC, joins CBS News during the closing bell on Wall Street to discuss what was driving the market and what to expect in June.
Investors retreat as global crude prices jump on European Union plan to embargo most Russian oil exports.
Americans have been facing rapidly increasing prices at the gas station and grocery store and in the housing market. President Biden is expected to address this during a meeting with Federal Reserve Chairman Jerome Powell on Tuesday. Frances Stacy, director of strategy at Optimal Capital, joined "CBS News Mornings" to discuss what's contributing to high inflation.
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
Greg Swenson, a founding partner of the merchant banking firm Brigg Macadam, joins CBS News' Jim Axelrod to discuss the latest stock market updates.
As the fears about the stock market swings continue, many are worried about their retirement funds. Senior writer, editor and producer at AARP John Waggoner joins "CBS News Mornings" to explain what people ages 50 and older should consider when looking at the changing market.
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
The Trump administration is planning to demolish the entirety of the White House's East Wing as early as this weekend, two senior administration officials said.
The Senate fell short in its 12th vote on advancing the Republican bill to end the government shutdown. Follow live updates here.
This is the first U.S. strike against an alleged drug vessel on the Pacific side of South America.
Officials say Border Patrol's operations in the Northern California area could start as early as later this week, but that the timing could shift.
Master jeweler Stephen Portier said the Louvre robbers might recut the stolen gems, which would significantly decrease their value.
A memo obtained by CBS News directs nearly all correspondence with Congress to go through the assistant secretary for legislative affairs.
An American missionary charity pilot was kidnapped from his home in Niger's capital Niamey, multiple sources tell CBS News.
The proposed map targets a closely- divided House district currently held by a Democrat.
The side effects from antidepressants can vary widely depending on which drug you take, a study shows.