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The most important economic questions of 2023
Will inflation finally relent? Is your job safe as recession looms? Here's what to expect from the U.S. economy this year.
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Will inflation finally relent? Is your job safe as recession looms? Here's what to expect from the U.S. economy this year.
Employers are, on average, offering their highest raises in decades as they look to hold on to employees who might otherwise switch companies or jobs for a salary boost. Wall Street Journal reporter Gabriel Rubin joins "CBS News Mornings" to break down how salaries compare for workers who are staying put versus those who are jumping ship.
New reports from the Commerce and Labor departments showed a stronger-than-expected economy. Lori Bettinger, president of BancAlliance, joined CBS News to discuss the reaction on Wall Street.
Employment rates have rebounded since the pandemic recession, Labor Department data shows, but one group is lagging behind: men aged 35 to 44. New York Times reporter Jeanna Smialek discusses the reasons why.
Uber CEO Dara Khosrowshahi says the company won't be cutting jobs despite mounting tech industry layoffs. Bloomberg Tech reporter Jackie Davalos joins "CBS News Mornings" to discuss the latest.
With the Labor Department on Friday reporting stronger November job numbers than expected, the Federal Reserve could react with yet another interest rate hike in an effort to curb inflation. Skyler Henry has the details.
The November jobs report released by the Labor Department Friday showed that 263,000 new jobs were added last month, and the unemployment rate remains at 3.7%. The strong labor market comes amid a flurry of recent interest rate hikes. CBS News business analyst Jill Schlesinger discussed the impact of the latest numbers, and provided some tips on avoiding financial missteps heading into 2023.
The Labor Department's November jobs report showed the U.S. gained 263,000 jobs last month. But fears about inflation and a possible recession remain. Meg Oliver reports.
CBS News contributor Javier E. David joined Vladimir Duthiers and Anne-Marie Green with a look at the November jobs report and what it shows about the U.S. labor market as rising interest rates start to bite.
The job market remains surprisingly resilient despite the Federal Reserve's attempts to weaken it.
The Federal Reserve is expected to keep an eye on the November jobs report as it considers its next interest rate hike. Kristin Myers, editor-in-chief of The Balance, joins CBS News' Errol Barnett and Elaine Quijano to discuss on what to expect.
Network CEO Chris Licht sent an email to staffers saying this week's cuts "will be a difficult time for everyone."
As the Federal Reserve continues efforts to bring Inflation down, S & P Global Ratings is warning of a mild recession in 2023. Beth Ann Bovino, chief economist for S & P Global Ratings, joined John Dickerson on "Prime Time" to discuss.
There have been a growing number of mass layoffs this year, including at major tech companies like Twitter, Amazon and Netflix. Drew McCaskill, a career expert at LinkedIn, joins CBS News with some advice on what to do if you are laid off.
The number of first-time unemployment claims filed last week rose to the highest level since August, with 240,000 new applicants, according to numbers from the U.S. Labor Department. Javier David, managing editor of business and markets for Axios, discusses what the uptick could be saying about the state of the economy.
Number of Americans applying for unemployment benefits rose to a 3-month high amid rise in layoffs.
As the unemployment rate rose slightly to 3.7% last month, hiring across the nation continued to remained robust. Jacob Sonenshine, a markets reporter at Barron's, joined Weijia Jiang on CBS News to discuss what the recent jobs report means for the Federal Reserve's monetary tightening.
Employers added 261,000 jobs in October while the unemployment rate ticked up to 3.7%, the Labor Department reported Friday. Gregory Daco, chief economist at EY-Parthenon, joined CBS News to discuss the labor market in a "resilient" economy.
The Labor Department reported a drop in jobless claims for the week ending Oct. 29. This comes as the Federal Reserve hiked interest rates this week in an effort to tame rising inflation. Nick Bunker, economic research director for the Indeed Hiring Lab, joined CBS News to help bring clarity to the state of the economy and project what could be next.
The Commerce Department is reporting that the GDP grew at an annualized rate last quarter for the first time this year. Lori Bettinger, the president of BancAlliance and former director of the Treasury Department's Troubled Asset Relief Program, joins CBS News to discuss the significance of this report and other economic developments.
The U.S. economy grew in the third quarter of 2022 by a 2.6% annual rate. Meanwhile, the Labor Department reports the number of new unemployment claims last week dropped from the week before. "CBS News Mornings" spoke with New York Times Federal Reserve and economy reporter Jeanna Smialek about the nation's economic outlook.
Some economists think the nation's jobless rate could surge far beyond what the Federal Reserve expects.
Economists are shifting gears and now saying the U.S. will enter a recession within the next year. CBS News anchors Lana Zak and Lilia Luciano spoke with Wall Street Journal reporter Harriet Torry about the potential impact.
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.
The stock market tumbled Friday after a stronger-than-expected September jobs report, creating fears among investors that it could lead to yet another rate hike by the Federal Reserve. Colby Smith, U.S. economics editor for the Financial Times, joined Catherine Herridge to discuss what the report could mean to the U.S. economy.
Former President Donald Trump looked on Tuesday night as his onetime rivals for the nomination lined up to support him.
"He was millimeters away from having his life expunged ... I'm sure the ear doesn't feel well," Eric Trump told "CBS Mornings" co-host Tony Dokoupil.
Terrell Davis and his wife, Tamiko, discussed the moment the former Denver Broncos star was handcuffed in front of his children and other passengers on a United Airlines flight.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
The DNC sent a letter to the convention rules committee saying that "no virtual voting will begin before August 1."
Peter Navarro, 75, was released from federal prison in Miami on Wednesday after serving a four-month sentence.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
Naomi Pomeroy, an award-winning chef who helped put Portland on the map as a culinary destination, was 49 years old.
JD Vance's 2016 memoir "Hillbilly Elegy" is getting a sales bump after the Ohio senator was picked to run alongside former President Donald Trump.
Jack Black said he has put all future creative plans on hold after Tenacious D bandmate Kyle Gass made a controversial comment about the Trump rally shooting.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Over bratwurst, a couple of beers and a whole lot of Wisconsin cheese, "CBS Mornings" co-host Tony Dokoupil set out to answer a few bedrock questions about the 2024 presidential election.
JD Vance's 2016 memoir "Hillbilly Elegy" is getting a sales bump after the Ohio senator was picked to run alongside former President Donald Trump.
"He was millimeters away from having his life expunged ... I'm sure the ear doesn't feel well," Eric Trump told "CBS Mornings" co-host Tony Dokoupil.
JD Vance's 2016 memoir "Hillbilly Elegy" is getting a sales bump after the Ohio senator was picked to run alongside former President Donald Trump.
Here's how much EssilorLuxottica is paying for Supreme, the skate brand with a cult following.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
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.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Over bratwurst, a couple of beers and a whole lot of Wisconsin cheese, "CBS Mornings" co-host Tony Dokoupil set out to answer a few bedrock questions about the 2024 presidential election.
"He was millimeters away from having his life expunged ... I'm sure the ear doesn't feel well," Eric Trump told "CBS Mornings" co-host Tony Dokoupil.
The DNC sent a letter to the convention rules committee saying that "no virtual voting will begin before August 1."
Peter Navarro, 75, was released from federal prison in Miami on Wednesday after serving a four-month sentence.
At least 36 have been hospitalized after eating the mushroom "edibles."
A workout that mindlessly tones your arms while getting some cardio in? If it sounds too good to be true, that's because it may be. Here's what experts say.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
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.
Jack Black said he has put all future creative plans on hold after Tenacious D bandmate Kyle Gass made a controversial comment about the Trump rally shooting.
Residents of a Toronto suburb tell CBS News they're worried a U.S. company may be emitting a cancer-causing gas in their community.
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 declared the Seine river "exquisite" after taking a long-promised dip to show its water is safe for the Paris Olympics.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
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.
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.
A young gas station operator in Wisconsin was stabbed to death on June 12. Authorities have never named a suspect in the murder until now.
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.
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.
The Paris Olympics are a week away and there are still worries the Seine is too polluted for swimmers to compete in the events slated for the river's waters. Paris Mayor Anne Hidalgo tried to alleviate those fears with a swim in the river Wednesday morning. CBS News correspondent Elaine Cobbe has more.
Did a Florida man hire a look-alike to kill his wife? A GPS leads police right to the hit man’s door. "48 Hours" correspondent Erin Moriarty reports Saturday, July 20 at 10/9c on CBS and streaming on Paramount+.
The Democratic National Committee will hold a virtual roll call vote to formally nominate President Biden as the party's 2024 presidential candidate in August before the convention in Chicago, according to a letter sent Wednesday by the heads of the convention rules committee. CBS News senior White House correspondent Weijia Jiang has more.
A woman is dead and identical twin brothers are the suspects. Did studying TV crime shows help them come close to pulling off the perfect crime? "48 Hours" correspondent Erin Moriarty reports Saturday, July 20 at 9 /8c on CBS and and streaming on Paramount+.
Speakers taking the stage for the third day of the Republican National Convention will spotlight national security and foreign policy, including the ongoing wars in Ukraine and the Middle East. Seth Jones, senior vice president at the Center for Strategic and International Studies, joined CBS News to discuss how Republicans have recently approached those conflicts.