Texans view state's economic growth as good but feel higher prices' pinch
Most Texans are having to drive less and cut back on spending.
Most Texans are having to drive less and cut back on spending.
Yahoo Finance anchor and reporter Akiko Fujita spoke with CBS News' Elaine Quijano and Tanya Rivero about the impacts of inflation on consumer confidence and spending. Fujita also discussed a new ban on Russian imports and how sanctions could affect the U.S. economy.
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
The Consumer Confidence Index dropped in June to its lowest level since February 2021. The Expectations Index also dropped dramatically, falling to its lowest level since 2013. Yahoo Finance senior columnist Rick Newman joins CBS News to explain why those low expectations may not be real indicator of the direction of the economy.
Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis.
All three major stock market indexes showed some volatility on Monday, with the Dow Jones down about 60 points at the end of the afternoon following early gains in the morning. Jeanna Smialek, a reporter covering the Federal Reserve and the economy at The New York Times, discussed factors driving the current market and how the Fed is working to combat inflation on CBS News.
The Conference Board will release its latest consumer confidence survey Tuesday, detailing the attitudes of consumers across the country. CBS News' Tony Dokoupil and Tanya Rivero sit down with Lori Bettinger, president of BancAlliance and former director of the Troubled Asset Relief Program, about what to expect from that report as well as another consumer price measure being released later this week.
Supreme Court abortion ruling sparks nationwide protests; Amid inflation concerns, many are stockpiling U.S. currency
President Biden is in Germany for the annual G-7 summit, where world leaders are set to discuss pressing global issues such as the war in Ukraine and worldwide inflation. Ed O'Keefe has the details.
Food prices are up 10%, new vehicles 12.5% and gasoline almost 50% compared to last year, according to U.S. Bureau of Labor Statistics.
Aaron Weinman, finance correspondent for Business Insider, joined CBS News' Michelle Miller and Tanya Rivero to discuss Friday's stock market rally.
Financial markets are rising, with some analysts predicting an economic slowdown rather than a recession.
According to the U.S. Department of Labor, initial jobless claims fell to 229,000 for the week ending June 18th. That's 2,000 fewer than the previous week. CBS News reporter Sarah Ewall-Wice joined Errol Barnett and Anne-Marie Green to discuss what these numbers mean for the U.S. economy and yesterday's congressional testimony on inflation from Federal Reserve Chair Jerome Powell.
President Biden is calling on Congress to suspend the federal 18-cent federal gas tax and 24-cent federal diesel tax. CBS News chief White House correspondent Nancy Cordes reports.
President Biden called on Congress to halt the federal gas tax for three months as gas prices soar. But there's debate about whether it will actually help consumers. Nancy Cordes has the details.
CBS News' Tanya Rivero and Elaine Quijano sit down with Aaron Weinman, a finance correspondent for Insider, to discuss what is driving the financial markets, the probability of a recession, and President Biden's proposed gas tax holiday.
Fed Chairman Jerome Powell acknowledged recession is possible but later said its likelihood is not "particularly elevated right now."
President Joe Biden is urging congress to pass a three-month federal gas tax holiday. However, some Democrats -- including former President Barack Obama -- have long criticized the idea. CBS News Senior White House and Political Correspondent Ed O'Keefe has more on why Biden is moving forward with this proposal.
Stocks have slumped in recent weeks amid investor fears that sharply higher interest rates could trigger a recession.
Several major investment banks are predicting that the U.S. will enter a recession sometime this year. This month the Federal Reserve announced its highest interest rate hike in decades in an effort to control inflation. Yahoo Finance Senior Reporter Emily McCormick joins “CBS News Mornings” to discuss the latest on the economy.
Dan Geltrude, founder of accounting and financial consulting firm Geltrude and Company, offers advice for navigating retirement spending as inflation soars and the stock market sinks.
Financial markets rebounded Tuesday, but some analysts think U.S. stocks have yet to touch bottom.
The possibility of a recession is looming large, as the Federal Reserve raises interest rates in the hopes of driving down inflation. President Joe Biden's critics argue he's not doing enough to address the issue and say rate hikes could cause more economic turmoil. Rick Newman, senior columnist with Yahoo Finance, joined CBS News to discuss some ways to lower consumer costs and prevent an economic downturn.
The term describes when the economy suffers from high unemployment and inflation with low growth. Lana Zak explains why economists are worried it could happen again.
President Biden is considering a federal gas tax holiday, which could save consumers money at the pump amid rising inflation and gas prices. CBS News chief White House correspondent Nancy Cordes joins "Red and Blue" to discuss the administration's approach to the economy. Then, CBS News congressional correspondent Scott MacFarlane breaks down the latest from the January 6 committee.
The vice presidential showdown on Oct. 1 is expected to be the last debate before the November election.
Hurricane Helene killed at least 116 people, caused widespread destruction and knocked out power to millions of homes and businesses.
"The conduct of one Russian Su-35 was unsafe, unprofessional, and endangered all," a NORAD commander said.
Ryan Routh, who is accused of plotting to kill Donald Trump, appeared in a West Palm Beach federal court and pleaded not guilty to five counts.
Dikembe Mutombo, who was an eight-time NBA All-Star, was diagnosed with a brain tumor in 2022.
Israel has killed many of Hezbollah's senior leaders with devastating strikes in Lebanon, but neither side appears ready to step back from the brink.
Verizon customers reported their mobile phone service wasn't working in cities across the U.S., giving them only SOS mode.
Many of the convicted criminals described in a recent letter from ICE have been in the U.S. for a long time, before the Biden administration took office.
North Carolina Gov. Roy Cooper predicted the toll would rise as rescuers reached areas isolated by collapsed roads and widespread flooding.
Hannah Gutierrez-Reed sought to dismiss her conviction or convene a new trial in the shooting death, alleging misconduct and suppression of evidence by law enforcement.
"The conduct of one Russian Su-35 was unsafe, unprofessional, and endangered all," a NORAD commander said.
Here's a look at where Sen. JD Vance stands on several important issues heading into Tuesday's vice presidential debate, hosted by CBS News.
Here's a look at where Gov. Tim Walz stands on several important issues heading into Tuesday's vice presidential debate, hosted by CBS News.
The Biden administration announced new regulations to shore up the partial asylum ban it enacted at the U.S. southern border in June.
Unpaid and underpaid labor prevails, an analysis of research by several NGO's found, including wage deductions, "significant" debt bondage and child labor.
Verizon customers reported their mobile phone service was down in cities across the U.S., giving them only SOS mode.
AT&T is selling its remaining 70% stake in DirecTV to private equity firm TPG a decade after agreeing to buy the satellite TV provider.
More than 40,000 people reported outages with the music platform on downdetector.com.
The house goes live on Oct. 3 and will be available for 25 total one-night stays, with a max of four people per stay.
Here's a look at where Sen. JD Vance stands on several important issues heading into Tuesday's vice presidential debate, hosted by CBS News.
Here's a look at where Gov. Tim Walz stands on several important issues heading into Tuesday's vice presidential debate, hosted by CBS News.
The Biden administration announced new regulations to shore up the partial asylum ban it enacted at the U.S. southern border in June.
Ryan Routh, who is accused of plotting to kill Donald Trump, appeared in a West Palm Beach federal court and pleaded not guilty to five counts.
President Biden said he expects he will need to ask Congress to pass supplemental funding to respond to the storm.
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
Tyler Theroux was born with a brachial plexus injury that would eventually leave him depressed and in extreme pain. A complex surgery finally provided relief.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
Unpaid and underpaid labor prevails, an analysis of research by several NGO's found, including wage deductions, "significant" debt bondage and child labor.
The last coal-fired power plant in the U.K. is closing, ending Britain's 140-year reliance on the fossil fuel for electricity.
Austria's far-right Freedom Party won a national parliamentary election, but it will struggle to find other parties willing to form a coalition government.
Iwao Hakamada, 88, was declared innocent of the quadruple murder that he spent 46 years on death row for.
Two Czech brothers allegedly ran a gang that forced 16 people into modern slavery, working at a McDonald's and other businesses in the U.K.
After surviving a 1990 bus crash that left her temporarily paralyzed, Gloria Estefan has donated over $42 million to paralysis research.
There are five new stadium dates for next summer in Toronto, Chicago, New Jersey, Los Angeles and Mexico City.
Acclaimed author Ta-Nehisi Coates joins "CBS Mornings" to talk about his new book, "The Message" and about the banning of his work in South Carolina.
After surviving a tour bus crash in 1990 that left her temporarily paralyzed, Gloria Estefan has donated more than $42 million to paralysis research. The Grammy-winning icon shares her passion for finding a cure.
Coldplay's Chris Martin and Jonny Buckland add more in their "CBS Sunday Morning" conversation with Anthony Mason, discussing the success of their "Music of the Spheres" tour, their latest single, and why they plan to release only two more albums.
Verizon customers reported their mobile phone service was down in cities across the U.S., giving them only SOS mode.
Aerospace engineer Emily Calandrelli joins "CBS Mornings Plus" to discuss how planes remain in the air, despite some scientific uncertainty. She also reveals details about her space-bound adventure and her "Stay Curious" book series.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
With the rapid spread of AI-generated deepfakes, experts are sounding the alarm about their influence on society and elections. Laurie Segall, founder of Mostly Human Media, shares tips on how to spot what's real and what's not.
Gov. Gavin Newsom on Sunday vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models.
In this episode of "Climate Watch: Protecting the Planet," CBS News senior environmental correspondent Ben Tracy speaks to scientists and experts about the growing number of critically endangered plants and animals and how humans can help.
The author revisits his 2000 bestseller "The Tipping Point," to examine the flip side of that earlier book's lessons about studying social change. Among the topics he covers: Cheetah reproduction.
The Viking burial ground, used during the 9th and 10th centuries, was discovered on the southern outskirts of the village of Åsum.
Nine years after it was negotiated, the Paris Climate Agreement continues to serve as a blueprint for global environmental goals. Todd Stern, the top U.S. negotiator for the deal, outlines the years-long process it took to reach the landmark agreement in his new book, "Landing the Paris Climate Agreement: How It Happened, Why It Matters and What Comes Next." Stern joins CBS News to look back at the talks.
Florida is bracing for the wrath of Hurricane Helene. A common question that scientists face during natural disasters like this is: Has climate change impacted their severity? CBS News Miami investigative reporter Jim Defede and CBS News Texas investigative reporter Brian New break down how lawmakers and residents in their states view climate change amid natural disasters.
Ryan Wesley Routh, the suspect who allegedly plotted an assassination attempt in Florida against former President Donald Trump, pleaded not guilty to five counts against him Monday. CBS News' Cristian Benavides has the latest after Routh's court appearance.
Two Czech brothers allegedly ran a gang that forced 16 people into modern slavery, working at a McDonald's and other businesses in the U.K.
The city on the border with Arizona has suffered years of violence between drug cartels fighting for control of the border crossing.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
Lyle Menendez tells "48 Hours" contributor Natalie Morales, "There's just never been a case of guilt or innocence. It was always about why it happened."
A SpaceX Crew Dragon spacecraft caught up with the International Space Station and moved in for docking Sunday.
Crew Dragon's two astronauts will join two Starliner fliers for a five-month tour of duty aboard the International Space Station.
Later today, the SpaceX Dragon spacecraft is set to launch a crewed mission to the International Space Station. The craft is also set to bring back the two astronauts who have been waiting for a ride home since June.
A NASA astronaut and a Russian cosmonaut will join the Starliner astronauts for a normal tour of duty
The Soyuz landing in Kazakhstan sets the stage for launch of a SpaceX Crew Dragon flight to the space station Thursday.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
An official tells CBS News that Israel has notified the U.S. of its intent to launch a limited ground incursion into Lebanon. The operation could begin within hours, the official said. CBS News contributor Sam Vinograd has the latest.
Watch "CBS Mornings Plus," with co-hosts Tony Dokoupil and Adriana Diaz from 9-10 a.m. ET/PT weekdays on CBS-owned stations in Los Angeles, Chicago, San Francisco, Detroit and Miami, and is simulcast on CBS News 24/7, CBS News' national, free streaming news network.
Ryan Wesley Routh, the suspect who allegedly plotted an assassination attempt in Florida against former President Donald Trump, pleaded not guilty to five counts against him Monday. CBS News' Cristian Benavides has the latest after Routh's court appearance.
Americans in the Southeast are digging out from Hurricane Helene's destruction and subsequent storm damages estimated to be in the billions of dollars. At least 100 have died as flooding, storm surges and other storm effects are being blamed for the growing death toll. CBS News' Skyler Henry and Nicole Valdes report.
President Biden provided an update Monday on the federal response to the devastating damage from Helene across the Southeast. Over 100 people have been killed by the storm and power is still out for many throughout the region. CBS News chief White House correspondent Nancy Cordes has more.