Inflation rose in July, marking the first increase in a year
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
Tomorrow morning, the government releases the July employment report. CBS News Business Analyst Jill Schlesinger joins us with a look at what's expected.
We hear from CBS News Business Analyst Jill Schlesinger for a look at where the economy stands.
The average price for a Big Mac in the U.S. is $5.35. At the location in Darien, Connecticut, some combo meals top $21.
We sit down with CBS News Business Analyst Jill Schlesinger to discuss the impact on consumers.
The monthly employment report, a key economic indicator, was released just moments ago. We hear from CBS News' Jarred Hill for the highlights.
Hiring reflects a sharp slowdown compared with May, reflecting economic headwinds facing some businesses.
Now that the Supreme Court has ruled against the Biden administration's plan to cancel student loans, millions of borrowers have a lot of questions. We hear from CBS News Business Analyst Jill Schlesinger for her answers.
As CBS News Business Analyst Jill Schlesinger reports, travel fraud is one of the biggest money makers for criminals.
President Joe Biden is set to host his first campaign event for 2024 on Saturday. He is expected to get a major labor union endorsement ahead of his speech, where he will talk about helping America's middle class. Christina Ruffini reports.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Inflation has been slowing down in recent months, did that trend continue in May? We ask CBS News Business Analyst Jill Schlesinger to find out.
The financial health of some groups has deteriorated sharply compared with a year ago due to rising inflation and higher bills.
CBS News business analyst Jill Schlesinger breaks down the latest U.S. hiring surge, its impact on inflation, and what's behind a 70-year low in the youth unemployment rate.
Congress stands at odds about the deal reached between President Biden and House Speaker McCarthy, but it must pass by June 5 to avoid the government defaulting on its bills.
CBS News Business Analyst Jill Schlesinger is here to explain and share some tips to prepare.
It's graduation season, and new grads will soon be feeling the squeeze, from juggling outstanding student loans to entering the workforce.
A new report shows Americans are carrying a record amount of debt, and most of it is on credit cards. CBS2's Zinnia Maldonado spoke with experts for tips on how to pay it down.
The U.S. goverment just released the latest report on inflation, and CBS News Business Analyst Jill Schlesinger is here to break it all down.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
The Labor Department just released the April employment report, and CBS News Business Analyst Jill Schlesinger joins us to break down the findings.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The government just released a report on overall economic growth for the first quarter of the year. CBS News' Business Analyst Jill Schlesinger is here to explain the numbers.
The economy grew at a tepid 1.1% rate, showing that the Fed's interest rate hikes are taking effect.
Rookie receiver Malik Nabers suffered a concussion late in the Giants' 20-15 loss to the Cowboys on Thursday night.
Aaron Judge and Giancarlo Stanton homered and Gerrit Cole pitched into the 7th in the Yankees' 10-1 win over the Orioles on Thursday.
New Jersey police found over 100 illegal weapons and ammo stashed inside a home in Totowa after a man shared a picture of himself pointing a gun on social media.
The incoming head of New York City Public Schools sat down Thursday with CBS News New York, one day after she was appointed to replace the retiring David Banks.
Couples desperate to find a new place to get married after a wedding venue in New Jersey abruptly closed are getting some help.
Aaron Judge and Giancarlo Stanton homered and Gerrit Cole pitched into the 7th in the Yankees' 10-1 win over the Orioles on Thursday.
The incoming head of New York City Public Schools sat down Thursday with CBS News New York, one day after she was appointed to replace the retiring David Banks.
As Mayor Eric Adams faces federal bribery charges, NYC Public Advocate Jumaane Williams would become acting mayor if he resigns.
Read New York City Mayor Eric Adams' five count indictment in New York on conspiracy, wire fraud, and bribery charges here.
NYC Mayor Eric Adams has been indicted on federal charges, including bribery, conspiracy and campaign finance violations.
New York and New Jersey could see the first significant rainfall in weeks over the next couple days. See the maps.
The U.S. News and World Report college rankings list New York, New Jersey and Connecticut's Ivy League schools among the best for 2025.
NYC's dry spell continued over the weekend, despite the clouds and rain chances in the forecast. How much longer will it last?
After 10 consecutive days without rain, NYC and its suburbs are expecting showers in the weather forecast today.
This National Voter Registration Day, here's a reminder about how to register to vote across New York, New Jersey and Connecticut.
New Jersey police found over 100 illegal weapons and ammo stashed inside a home in Totowa after a man shared a picture of himself pointing a gun on social media.
Couples desperate to find a new place to get married after a wedding venue in New Jersey abruptly closed are getting some help.
A popular New Jersey wedding venue recently closed, leaving couples scrambling to find a new place to get married.
New York and New Jersey could see the first significant rainfall in weeks over the next couple days. See the maps.
The former Beatles drummer was set to play in Philadelphia with his All Starr Band on Sept. 24 and in New York the following night.
There's a tragic update to the weekend crash in West Babylon. Bella Trezza, 17, has died. She had been fighting for her life since the crash.
Long Island Republican Congressman Anthony D'Esposito allegedly gave part-time jobs to both his lover and fiancée's daughter.
A Long Island community is praying for Bella Trezza, her brother Austin, Jack Murphy, Anthony Pagliuca and the family of Riley Goot following a deadly crash.
The power of prayer and community was palpable at a candlelight vigil for four teenagers who are fighting for their lives following a deadly multi-car crash in West Babylon on Saturday.
Days after Donald Trump's campaign rally, security is high around Nassau Coliseum again Sunday for Indian Prime Minister Narendra Modi.
The incoming head of New York City Public Schools sat down Thursday with CBS News New York, one day after she was appointed to replace the retiring David Banks.
As Mayor Eric Adams faces federal bribery charges, NYC Public Advocate Jumaane Williams would become acting mayor if he resigns.
Read New York City Mayor Eric Adams' five count indictment in New York on conspiracy, wire fraud, and bribery charges here.
NYC Mayor Eric Adams has been indicted on federal charges, including bribery, conspiracy and campaign finance violations.
Former New York City Mayor Rudy Giuliani has been disbarred from practicing law in the nation's capital, a D.C. appeals court ruled.
New York state announced Monday that someone in Ulster County has died from eastern equine encephalitis, or EEE.
Parents of kids injured at birth due to medical malpractice say New York is denying their claims under the state's Medical Indemnity Fund, which promises lifelong health care.
New York City Health Commissioner Dr. Ashwin Vasan is resigning and will step down in January.
The New York resident who tested positive for the mosquito-borne EEE virus has died, prompting state health officials to declare an "imminent threat to the public for EEE."
The government has already disbursed more than 900 million free at-home COVID-19 tests, and will be reopening its free test kit portal.
The adventure begins for 16 ordinary Americans as they embark on their trek to the top of the treacherous New Zealand Alps in 'The Summit.'
The former Beatles drummer was set to play in Philadelphia with his All Starr Band on Sept. 24 and in New York the following night.
The industry data and analytics company Luminate said the music mogul's music saw an average 18.3% increase in on-demand streams.
Actors Olivia Munn and John Mulaney announced the birth of their second child, daughter Méi June Mulaney, via surrogate.
Since their debut nearly 35 years ago, Pearl Jam has been one of the world's most popular and influential rock groups. Lead singer Eddie Vedder and bassist Jeff Ament talk about success, friendship, creativity, and giving back to their loyal fans.
Rookie receiver Malik Nabers suffered a concussion late in the Giants' 20-15 loss to the Cowboys on Thursday night.
Aaron Judge and Giancarlo Stanton homered and Gerrit Cole pitched into the 7th in the Yankees' 10-1 win over the Orioles on Thursday.
Stadiums in Pittsburgh, New Jersey, Seattle, and Tampa have been picked as emergency locations.
Aaron Judge homered for the fourth straight game, his 57th overall, but the Yankees lost to the Orioles 9-7 on Wednesday.
The Orioles clinched their second straight playoff berth, overcoming Aaron Judge's 56th home run to beat the Yankees 5-3 on Tuesday night.
Despite being billed as a popular initiative aimed to create vibrant public spaces, some NYC business owners are pushing back against Open Streets.
Curators of Harlem Sculpture Gardens are revealing their research into climate change on Uptown parks.
We took an inside look at the operations of New York City's primary recycling center during Climate Week 2024.
Frustrated residents in Greenpoint claim a concrete plant in their neighborhood is a bad actor that's polluting their community.
The HOPE Inside Center within the Harlem Wells Fargo has helped more than 500 people increase savings and decrease debt for free.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
CBS News New York's Lonnie Quinn says it's possible the Tri-State Area could see some rain from Hurricane Helene at some point.
The newly unsealed indictment, which is more than 50 pages long, alleges the mayor accepted illegal campaign donations, including those from Turkish businessmen in exchange for political favors. CBS News New York's Ali Bauman, Dick Brennan and Alecia Reid lead team coverage.
CBS News New York's Jason Allen and Lonnie Quinn have the latest on the powerful storm's track.
CBS News New York's Carolyn Gusoff was in the courtroom Thursday when the victim's relatives called Steven Syrop a coward for not staying at the scene to try to save her life.
Richie Henderson was killed in a subway shooting earlier this year. For 10 years he watched over students from Avenues of the World School. CBS News New York's Kristie Keleshian reports