Biden unveils new economic plan
President Biden has unveiled his new plan for the U.S. economy. During a speech in Chicago, he touted growing the economy by focusing on expanding the middle class. CBS News White House reporter Bo Erickson has more.
President Biden has unveiled his new plan for the U.S. economy. During a speech in Chicago, he touted growing the economy by focusing on expanding the middle class. CBS News White House reporter Bo Erickson has more.
A report of U.S. job cuts showed roughly 5% of job losses in May were due to AI technology.
According to the U.S. Labor Department, 339,000 jobs were added in May, much more than the 190,000 predicted by some economists. The unemployment rate rose to 3.7%. Lori Bettinger, president of BancAlliance and the former director of the TARP Capital Purchase Program at the Treasury Department, joins CBS News with her analysis of the numbers.
Big pay hikes from switching jobs, a key trend that drove the Great Resignation, is unwinding, a new analysis finds.
With the youth unemployment rate at a 70-year low, this year's crop of new graduates is likely to have an easier time getting hired.
Santos allegedly claimed almost $25,000 in jobless aid while earning $120,000 annually, according to federal prosecutors.
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
The U.S. added 253,000 jobs in April, according to a report released Friday by the Labor Department, well above estimates from economists. Unemployment also fell to 3.4%, and wages were also higher. Ed O'Keefe has the details.
Javier David, a CBS News contributor and managing editor for business and markets for Axios, and Jeanna Smialek, an economics reporter for The New York Times, join us to discuss the latest financial news, including the April jobs report released today, the Federal Reserve's decision to raise interest rates again this week, and the health of the nation's banking system.
Fearing an imminent recession, corporate employers are pulling back on hiring in a range of professional fields.
The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.
The nation's gross domestic product grew at an annual rate of 1.1% in the first quarter of 2023, lower than what economists expected. But, the latest jobs report shows unemployment claims fell by 16,000. Ben Eisen, a reporter for the Wall Street Journal, joined CBS news to parse through the latest numbers.
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
J.D. Durkin, host of "TheStreet," and Jacob Bogage, business reporter for The Washington Post, joined CBS News to discuss Friday's report of strong first quarter earnings for big banks. They also reacted to the latest unemployment numbers, and strong sales for Burger King.
The latest jobs report from the U.S. Labor Department showed unemployment in March at just 3.5%. Americans remain concerned over the ongoing impact of incessant inflation amid high interest rates, with the average American spending more than $700 on a new car. Michael George has more.
Despite nine federal rate hikes over the past year, the U.S. added 236,000 jobs in March, according to the latest data from the Labor Department. CBS News senior investigative correspondent Catherine Herridge broke down the latest jobs report with Lori Bettinger, BancAlliance president and former director of the Troubled Assets Relief Program .
Tennessee's Republican-controlled state House expelled two of the three Democratic members involved in protests for gun reform on the chamber floor last week. CBS News senior White House correspondent Weijia Jiang joins us with more on the Biden administration's response.
Sarah House, a senior economist for Wells Fargo, joins CBS News' Vladimir Duthiers and Errol Barnett to discuss the March 2023 jobs report, what it means for the economy and how it could impact the Federal Reserve's future decisions on interest rates.
Employers added 236,000 jobs last month, and the nation's unemployment rate fell to 3.5%.
The latest jobless claims report reveals first-time filings fell by 18,000 to 228,000 for the week ending April 1. CBS News' Errol Barnett and Lana Zak are joined by Axios economics reporter Courtenay Brown with more on the findings.
As the Fed continues hiking interest rates, weaker hiring and mounting layoffs suggest the U.S. job market is softening.
Federal data shows there are more than 10 million job openings across the U.S. But a new report shows not all of those jobs really exist. CBS MoneyWatch associate managing editor Irina Ivanova joined Errol Barnett and Lana Zak to discuss.
Plentiful job listings show an overheated hiring market — but many are duplicates or fake, say economists and recruiters.
A better-than-expected jobs report was released yesterday and touted by President Biden as a sign of economic progress. There was a jump in unemployment, even as jobs were added. Christina Ruffini has more.
The Bureau of Labor Statistics released its jobs report for February. It shows 311,000 jobs were added last month and that the unemployment rate rose to 3.6%. CBS News contributor and Axios managing editor for business and markets Javier David joins Vladimir Duthiers and Shaunelle Kaul to discuss.
Day 2 was firmly focused on projecting unity within the party, with former President Donald Trump looking on as his onetime rivals for the nomination lined up to support him.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
U.S. intelligence recently detected an Iranian plot against former President Donald Trump, two U.S. officials tell CBS News.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
Naomi Pomeroy, an award-winning chef who helped put Portland on the map as a culinary destination, was 49 years old.
Mayor Anne Hidalgo declare the Seine river "exquisite" after taking a long-promised dip to show its water is safe for the Paris Olympics.
Britain's King Charles III donned a ceremonial crown and robe to give a speech opening the U.K.'s first left-leaning parliament in 14 years.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Federal transportation officials say $5 billion will be devoted to replacing or improving aging bridges in 16 states.
Caitlyn Mai underwent cochlear implant surgery with her insurer's approval, expecting it would be covered in full. Then she started getting the bills.
Naomi Pomeroy, an award-winning chef who helped put Portland on the map as a culinary destination, was 49 years old.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
Day 2 was firmly focused on projecting unity within the party, with former President Donald Trump looking on as his onetime rivals for the nomination lined up to support him.
Caitlyn Mai underwent cochlear implant surgery with her insurer's approval, expecting it would be covered in full. Then she started getting the bills.
Gambling ends and the doors close Wednesday at The Mirage, which changed the face of Las Vegas. It's slated to resurface in 2027 as the Hard Rock Las Vegas.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
A larger stock of smaller homes could mean more budget-friendly options for buyers.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
Day 2 was firmly focused on projecting unity within the party, with former President Donald Trump looking on as his onetime rivals for the nomination lined up to support him.
Thousands of officers from multiple jurisdictions are in Milwaukee providing additional security for the convention.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
"Donald Trump has my strong endorsement," Nikki Haley said in her speech at the Republican National Convention on the second night of the RNC.
Caitlyn Mai underwent cochlear implant surgery with her insurer's approval, expecting it would be covered in full. Then she started getting the bills.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
A new rankings list from U.S. News & World Report aims to highlight the top ranked hospitals for different specialized care needs, from cancer to cardiology.
14 students from a Tokyo high school were rushed to a hospital after eating chips marketed as "so spicy that they might cause you pain."
Rite Aid, which has already closed hundreds of stores, is shutting more locations in Michigan and Ohio.
Britain's King Charles III donned a ceremonial crown and robe to give a speech opening the U.K.'s first left-leaning parliament in 14 years.
President Santiago Peña said the record discovery, code-named "Operation Sweetness," added to a string of "very sad episodes" in Paraguay.
Mayor Anne Hidalgo declare the Seine river "exquisite" after taking a long-promised dip to show its water is safe for the Paris Olympics.
Officials say traces of cyanide were found on 6 people found dead in a Bangkok hotel, with one suspected of murdering the others.
Two U.S. officials say U.S. Central Command has recommended the military permanently dismantle the pier run by the U.S. military to get aid into Gaza amidst the Israel-Hamas war.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Season 26 of the CBS reality TV show "Big Brother" premieres on Wednesday. Sixteen new house guests will compete and strategize to evict one of their own each week to try and be the last person standing. The prize is $750,000. "Entertainment Tonight" host Nischelle Turner visited the house and even entered a one-day competition.
"90210" stars like Jennie Garth and Brian Austin Green paid tribute, and Alyssa Milano commented on her "complicated relationship" with Shannen Doherty.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
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.
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
AT&T disclosed yet another major data breach on Friday. The company said a third party illegally downloaded call and text records for nearly all its 109 million customers with accounts between May and October 2022. CBS News senior business and technology correspondent Jo Ling Kent is following this story.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
The 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
President Santiago Peña said the record discovery, code-named "Operation Sweetness," added to a string of "very sad episodes" in Paraguay.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Officials say traces of cyanide were found on 6 people found dead in a Bangkok hotel, with one suspected of murdering the others.
The alleged leader of a violent extremist group plotted to poison children and minorities in New York City, authorities said Tuesday.
Three snipers from local law enforcement were inside the building former President Trump's would-be assassin fired from, and one of them had spotted him outside on three separate occasions prior to the shooting. The sniper took a picture of the gunman nearly 30 minutes before the shooting, when he saw he had a rangefinder. Meg Oliver has more on the investigation.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
The engine failure blamed for stranding 20 Starlink satellites in a low, non-survivable orbit was caused by a liquid oxygen leak.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
In 2020, Scott Pelley reported on the investigation into the downing of Malaysia Airlines Flight 17. The passenger jet was shot down over Ukraine in 2014, killing 298 people. In 2022, a Dutch court found two Russians and one Ukrainian guilty for the shootdown and murder of the passengers and crew.
Lara Trump, who is the co-chair of the Republican National Committee, and is married to former President Donald Trump's son Eric, spoke Tuesday night at the 2024 Republican National Convention. She said she had a "very different" speech planned, but rewrote it in the wake of the attempted assassination of her father-in-law. "Nothing prepares you for a moment like that," she said.
Sen. Marco Rubio of Florida, a top contender for former President Donald Trump's 2024 vice presidential pick, who ultimately wasn't selected, delivered an impassioned speech Tuesday night at the Republican National Convention, arguing for Trump's "America first" agenda. "It is time to put our country and our people first again," Rubio said.
Arkansas Gov. Sarah Huckabee Sanders took the stage on the second night of the Republican National Convention to talk about former President Donald Trump's character, recalling memories from her time as White House press secretary during his administration. She began her speech by addressing the attempted assassination of Trump, saying "not even an assassin's bullet could stop him," then taking a jab at President Biden's age.
The 2024 Republican National Convention is already making its fair share of headlines. CBS News chief political analyst John Dickerson takes a look back at the GOP conventions of elections past, and the defining moments spanning administrations.