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Consumer prices rose again in September despite the Federal Reserve's attempts to drive down inflation. CBS News' Errol Barnett and Lana Zak speak with Diane Swonk, chief economist at KPMG U.S., about how the latest data could impact the Fed's next rate hike decision.
More Americans filed for jobless aid last week as layoffs jumped, showing the Fed's rate hikes are taking a toll.
219,000 Americans filed for unemployment benefits this week, but layoffs remain historically low. Meanwhile, Peloton announced another round of layoffs as the company struggles to grow. CBS News' Lana Zak and Errol Barnett speak with John Leer, chief economist at Morning Consult, on what all this says about the economy and the labor market.
The Federal Reserve raised interest rates again by three-quarters of a percentage point. Lori Bettinger, the president of BancAlliance and former director of the U.S. Treasury Department's troubled asset relief program, explains what the latest increases mean for consumers.
U.S. jobless claims declined for the third week in a row, according to numbers released by the Labor Department Thursday. However, investors fear it could give the Federal Reserve the opportunity to make another aggressive interest rate hike this month. Marley Kayden, economic journalist and a professor at DePaul University, joined CBS News to discuss the job market and its impact on the stock market.
A new report from the Labor Department shows new claims for unemployment benefits rose for a second straight week. Kayla Bruun, an economic analyst at Morning Consult, joined CBS News' Tanya Rivero and Lilia Luciano to discuss the latest numbers.
Although the labor market is slowing, businesses around the U.S. still have millions of job openings. .
The Department of Labor's weekly unemployment report shows there were 251,000 first time applications filed in the week ending July 16. Senior economic analyst and Washington bureau chief at Bankrate.com, Mark Hamrick, joined CBS News' Anne-Marie Green and Vladimir Duthiers with more on what this means for our economy.
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
CBS News business analyst Jill Schlesinger joined Anne-Marie Green and Vladimir Duthiers to discuss the ongoing recession fears amid a strong job market and offered tips on how to save money despite economic uncertainty.
U.S. employers added 372,000 jobs, the Labor Department reported Friday, greatly surpassing what economists had expected. Akin Oyedele, investing deputy editor for Business Insider, joins Catherine Herridge to discuss what these numbers could mean.
While layoffs remain low, they've risen for five consecutive weeks to reach 235,000 in the week that ended.
The latest report from the U.S. Labor Department shows initial jobless claims fell to 229,000 for the week ending in June 18, 2,000 fewer than the previous week. CBS News Moneywatch Reporter Irina Ivanova explains what that indicates about the state of the economy.
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 facing concerns over jobs, the economy and inflation as well as the leak of a Supreme Court draft opinion indicating Roe v. Wade may soon be overturned. CBS News senior White House and political correspondent Ed O'Keefe joins Vladimir Duthiers and Anne-Marie Green with the latest.
Brooklyn subway shooting suspect held without bail; Jobless claims rise after hitting 54-year low
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.
While jobless claims are at their lowest point in more than 50 years, Americans are still feeling the pinch of rising prices. CBS News political reporter Caitlin Huey-Burns joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss how voters' views on inflation could sink Democrats in the upcoming midterm elections.
American jobless claims fell by to 214,000 as the Federal Reserve raises interest rates. Ted Rossman from Bankrate.com joins CBS News to discuss these economic shifts.
Gas prices are soaring to record highs as inflation hits its highest level in 40 years. The Consumer Price Index jumped 0.8% in February, marking a 7.9% increase over the past year. CBS News transportation correspondent Errol Barnett has more on the rising gas prices, and then Lori Bettinger, the president of BancAlliance and former director of the Troubled Asset Relief Program during the Obama administration, joins CBS News to discuss the impact on American families.
Uncertainty over the Russia-Ukraine conflict has been the main driver for major stock indexes, which all saw loses Thursday. Lori Bettinger, president of BancAlliance, joins CBS News at the closing bell of the New York Stock Exchange to discuss the economic ramifications.
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
Mike Pyle, chief economic adviser to Vice President Kamala Harris, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the country's economic growth, inflation and supply chain issues.
The job market remains tight as the U.S. economy expands at its fastest pace since 1984.
First-time unemployment claims took an unexpectedly large jump last week. The U.S. Labor Department reports 286,000 people filed new claims the week ending January 15th. Diane Swonk, chief economist at Grant Thornton, joins CBSN to discuss the latest.
Firearms sold by law enforcement have turned up at crime scenes thousands of times in recent years, a CBS News Investigation found.
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
The Houston Mayor's Office confirmed to CBS News that there were at least four weather-related deaths from the storms.
The Justice Department said Thursday morning that the president was asserting executive privilege over the recordings with special counsel Robert Hur.
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.
Migrant adults released by federal border officials after crossing into the U.S. unlawfully will be eligible to be placed in the program.
The district at the center of the landmark 1954 Brown v. Board of Education ruling, which outlawed racial segregation in schools, is now helmed by its first Black female superintendent.
For weeks, some students and faculty have challenged leaders of the historically Black college to rescind Mr. Biden's invitation over his administration's response to the Israel-Hamas war.
Texas Gov. Greg Abbott issued his pardon after the unanimous recommendation by the state's Board of Pardons and Paroles.
The Houston Mayor's Office confirmed to CBS News that there were at least four weather-related deaths from the storms.
Migrant adults released by federal border officials after crossing into the U.S. unlawfully will be eligible to be placed in the program.
For weeks, some students and faculty have challenged leaders of the historically Black college to rescind Mr. Biden's invitation over his administration's response to the Israel-Hamas war.
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
The manufacturer has received multiple reports of fires and injuries since the ranges were originally recalled more than a decade ago.
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
Migrant adults released by federal border officials after crossing into the U.S. unlawfully will be eligible to be placed in the program.
For weeks, some students and faculty have challenged leaders of the historically Black college to rescind Mr. Biden's invitation over his administration's response to the Israel-Hamas war.
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
President Biden marked the 70th anniversary of the Supreme Court decision.
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
Experts call for better drug testing procedures as more states legalize marijuana and societal norms change.
Opioid overdose deaths decreased, but there was an increase in overdose deaths from psychostimulants like meth and cocaine.
Nurse practitioners have been viewed as a key to addressing the shortage of primary care physicians. But data suggests that, just like doctors, they are increasingly drawn to better-paying specialties.
North Korea fired suspected short-range ballistic missiles off its east coast, South Korea's military said, a day after South Korea and the U.S. flew powerful fighter jets in a joint drill.
Trucks carrying badly needed aid for the Gaza Strip have started rolling across a newly-built U.S. floating pier into the besieged enclave for the first time.
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.
As the Israeli defense chief says his troops shouldn't take over Gaza after the war, mistaken tank fire kills 5 of the IDF's own.
Spanish police said they dismantled a major methamphetamine distribution network of the Mexican Sinaloa cartel after seizing 1.8 tons of the drug.
Celebrated makeup artist Daniel Martin is known for his work with Hollywood stars like Michelle Yeoh, Nina Dobrev, Jessica Alba and Meghan Markle.
Preview: The Emmy Award-winning news program's annual "By Design" edition on May 19 features Courteney Cox, a $3 million sports car, a bold new plan by tech billionaires, Martha Stewart and more.
Angie Harmon said she heard a gunshot and rushed outside, where she found her dog had been shot, and saw the delivery person putting a gun into the front of his pants, according to the lawsuit.
Whoopi Goldberg described the book as a way to dispel speculations about her upbringing and to share her story on her own terms.
Brittney and Cherelle Griner shared videos from their baby shower exclusively with "CBS Mornings."
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
Ransomware attack targeted a Nissan virtual private network, the automaker's U.S. subsidiary said.
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.
The Innovation & Disruption Leaders documentary series transforms corporate buzzwords like 'tech' and 'AI' into accessible concepts. Through the power of visual storytelling, we delve into the minds of industry leaders, executives and entrepreneurs alike. Who will decide the destiny of tomorrow's business landscape? By putting business in front of the camera, these incredible films get us one step closer to the answer.
The 12-second execution of the alleged theft took months to plan, federal prosecutors said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Solar storms can dazzle, bringing displays of the northern lights to large parts of the globe. But geomagnetic storms can also affect electronic systems.
Every year, police departments across the U.S. trade in their used firearms when it's time for an upgrade. But a CBS News investigation found thousands of those former police weapons wind up in the hands of criminals. National investigative correspondent Stephen Stock reports.
A joint investigation conducted by CBS News and the nonprofit newsrooms The Trace and Reveal from the Center for Investigative Reporting found that more than 140 law enforcement agencies nationwide sell or trade-in their used weapons when they update their arsenals. Thousands of those former cop guns are later tied to a crime. Stephen Stock reports.
Texas Gov. Greg Abbott issued his pardon after the unanimous recommendation by the state's Board of Pardons and Paroles.
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
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.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
Every year, police departments across the U.S. trade in their used firearms when it's time for an upgrade. But a CBS News investigation found thousands of those former police weapons wind up in the hands of criminals. National investigative correspondent Stephen Stock reports.
The Supreme Court rejected an effort Thursday to undermine the power of the Consumer Financial Protection Bureau. The agency was created after the 2008 financial crisis to protect consumers from unfair practices. CBS News legal contributor Jessica Levinson joins to unpack the case.
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins to discuss what the record mark suggests about the economy.
After years of coaching patients on how to navigate cancer treatment, nurse Leah Wilson of Charlotte, North Carolina, was suddenly facing her own battle after being diagnosed with non-Hodgkin's lymphoma at age 35. But she kept working, supporting her fellow cancer patients on their journeys while navigating her own.
Michael Cohen, the ex-attorney of former President Donald Trump, was back on the stand for cross-examination Thursday with Trump's defense team sharply questioning his credibility. CBS News campaign reporter and attorney Katrina Kaufman has the details.