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Rising gas prices are causing a ripple effect across the U.S. economy, raising shipping and transportation costs as well. Harrison Fell, economist and senior research scholar at Columbia University's Center on Global Energy Policy, joined CBS News' Enrique Acevedo to discuss.
April was the worst month for the stock market since the pandemic began. Meanwhile, inflation continues to impact household budgets. Michael George has the details.
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.
U.S. stocks dropped Friday to cap off a turbulent month for financial markets. CBS News' Mola Lenghi and Michelle Miller talk with Megan Cassella, an economics and policy reporter for Barron's magazine, about what's driving the markets, inflation in the U.S., and the significance of the economy shrinking last quarter.
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.
Deutsche Bank has predicted that a major recession is in store for the U.S. by the end of next year. The bank's chief U.S. economist, Matthew Luzzetti, joins CBS News' Mola Lenghi and Nikki Battiste to discuss what's fueling the forecast and the possible implications.
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.
Many retirees are struggling amid inflation. Rising prices are forcing some to reenter the workforce. Mark Strassmann has more.
Rent in the U.S. is rising at the fastest rate in decades. According the Washington Post, the average cost of rent increased 11.3% in 2021. Washington Post U.S. economy reporter Ahba Bhattarai joins CBS News to discuss what is causing the increase and who is most impacted by it.
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.
The U.S. Commerce Department reported last month that major corporations were extremely profitable in 2021. But small business owners say they are struggling to compete as prices continue to rise. CBS News reporter Sarah Ewall-Wice joins Elaine Quijano to discuss.
Small-business owners describe the economic landscape in the wake of the COVID-19 pandemic as a tale of two recoveries.
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.
As inflation surges, one Wall Street analyst expects U.S. food costs to continue rising this year and into 2023.
The Fed raised its rate by .25% in March, which some experts felt was not enough.
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.
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.
Sarah Henry, managing director and portfolio manager at Logan Capital Management, joins CBS News at the closing bell on the New York Stock Exchange to break down what's driving the market, and how inflation is impacting consumers.
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.
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.
The top 10 retailers have raked in $99 billion of profit last year, according to one corporate accountability group.
In MoneyWatch, the markets were closed today but it was a tough week for investors on Wall Street. Steve Odland, the CEO of the Conference Board, joins CBS News to discuss how the recent inflation report is impacting the markets.
The Biden administration is considering sending a top official to Kyiv to meet with Ukrainian President Volodymyr Zelenskyy. CBS News chief White House correspondent Nancy Cordes and CBS News political reporter Caitlin Huey-Burns join "Red and Blue" to discuss who they might send, and why the administration continues to blame inflation on Russia's invasion of Ukraine.
A new report released by the U.S. Labor Department shows initial jobless claims rose for the week ending April 9. A separate report from the Commerce Department reveals that retail sales increased in March despite inflation. CBS News' Tanya Rivero discusses this and more with Lori Bettinger, the president of BancAlliance.
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.
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
"Whatever bumps and bruises we were suffering, we put it all aside and celebrated Thanksgiving in Nantucket," President Biden wrote in his 2017 book "Promise Me, Dad."
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
Need to shop on Thanksgiving? Here's what stores, restaurants, and other businesses are open and closed on Turkey Day.
Less than two full days into a ceasefire, Israel's military and Hezbollah were both claiming isolated breaches of the deal.
Dustin Kjersem's death was initially reported as a bear attack after his girlfriend found his body in a tent on Oct. 12.
Linebacker Medrick Burnett Jr. sustained a head injury in an October game against Alabama State and has been hospitalized since.
The woman boarded Delta Flight No. 264 from John F. Kennedy International Airport to Paris Charles de Gaulle Airport, CBS News learned. She was discovered while the plane was in midair and was taken into custody in Paris.
Celebrating Thanksgiving and Native American Heritage Day this week highlights the importance of recognizing indigenous cuisines in the United States and the authentic, sustainable food it offers.
Taylor Swift's Eras Tour book goes on sale Friday. Here's the only place to buy it, how much it costs and what you'll get.
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
Linebacker Medrick Burnett Jr. sustained a head injury in an October game against Alabama State and has been hospitalized since.
A seventh grade media literacy class in New York is learning how to have difficult but empathetic questions as they combat misinformation.
Taylor Swift's Eras Tour book goes on sale Friday. Here's the only place to buy it, how much it costs and what you'll get.
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
Need to shop on Thanksgiving? Here's what stores, restaurants, and other businesses are open and closed on Turkey Day.
A November 2023 survey from the Pew Research Center found that 72% of people think tipping is expected in more places than it was five years ago.
Here's what a noted housing expert thinks will happen to mortgage rates next year as Donald Trump outlines his priorities.
Then-candidate Donald Trump in September promised that he would sign legislation to grant federal recognition to the Lumbee Tribe.
"Whatever bumps and bruises we were suffering, we put it all aside and celebrated Thanksgiving in Nantucket," President Biden wrote in his 2017 book "Promise Me, Dad."
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
Former Sen. Bob Menendez, a Democrat from New Jersey, was convicted of 16 felony counts in July.
The man's attorneys said the punitive and compensatory damages total the largest amount to ever be awarded by a jury in a medical malpractice case in the U.S.
Tired from your Thanksgiving feast? You're not alone. But is it the tryptophan in turkey that leads to our food comas? Here's what experts say.
Can cats and dogs eat turkey and other Thanksgiving foods? Here's what experts say about what is safe and not.
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Why is Thanksgiving traditionally associated with turkey and other specific foods? We asked a history expert why we eat what we do on the holiday.
A missing hiker was found alive this week in the remote Canadian wilderness, where he had been missing since October.
Amalka, a female, slipped out of a carrier cage on November 19 during an unloading operation.
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
"The accused appears to have had no motive for killing the people other than the act of killing itself," prosecutors said.
Iga Swiatek is a 23-year-old from Poland who was ranked No. 1 most of the past two seasons but is now at No. 2.
Taylor Swift's Eras Tour book goes on sale Friday. Here's the only place to buy it, how much it costs and what you'll get.
In settling, the three plaintiffs said they assign no "ill intent" to Rose and realize now that his conduct could be subject to interpretation.
Sean "Diddy" Combs' lawyers again asked the rapper be released on bond ahead of his trial, but the request was denied.
Members of the iconic band, the Grateful Dead, reflected on the impact bandmate Phil Lesh had on their lives and said they had hoped to play together again.
Iconic band The Grateful Dead, is remembering one of the band's original members, Phil Lesh, who died in October at 84 years old. The surviving original members of the band credit Lesh for the impact he made in each of their lives and revealed they were hoping to play together one more time.
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
Australia's full legislature has now passed a bill that will soon ban children under the age of 16 from using most social media platforms.
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.
British phone company Virgin Media O2 has developed an AI-generated grandmother to talk to scammers all day and waste their time so you don't have to. CBS News Confirmed executive producer Melissa Mahtani has more on the "grandma" and how you can protect yourself from phone scams.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
"The accused appears to have had no motive for killing the people other than the act of killing itself," prosecutors said.
Dustin Kjersem's death was initially reported as a bear attack after his girlfriend found his body in a tent on Oct. 12.
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
Sean "Diddy" Combs' lawyers again asked the rapper be released on bond ahead of his trial, but the request was denied.
Police in the Balkans arrested 11 alleged members of a criminal syndicate responsible for smuggling cocaine from South America to Europe, officials said.
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
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.
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.
This Thanksgiving, CBS News New York's Jessi Mitchell introduces us to a family who is spending their holiday giving thanks to not only their family, but the special place they call home.
Historian Kenneth C. Davis, the bestselling author of "Don't Know Much About History" and "The World in Books," joined "CBS Mornings Plus" to discuss the history behind Thanksgiving and some of the traditions that go along with the holiday.
Thanksgiving isn't complete without a side of cranberries, but it's pretty tough work to harvest them. That's what a CBS News crew discovered on this day in 2002.
Atlanta Vibe setter Whitney Bower, 23, joined "CBS Mornings Plus" to discuss the upcoming second season of the Pro Volleyball Federation and the draft of collegiate players held earlier this week.
Officials with the Biden administration said Tuesday that President-elect Donald Trump's transition team has yet to agree to terms on a memorandum of understanding with the Justice Department, which will allow for the processing of security clearance requests. CBS News national security contributor Samantha Vinograd has more.