Here's how the Fed's rate cut today may impact your finances
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
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The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Raising a child in the U.S. costs hundreds of thousands of dollars. Many younger Americans say they can't afford it.
The latest labor market data comes less than two weeks ahead of the Federal Reserve's decision on whether to cut interest rates.
The 142,000 jobs added in August is fewer than the expected 160,000. It's also the 44th consecutive month of job growth.
Vice President Kamala Harris will make her first visit to New Hampshire since 2021 where she is set to unveil another part of her economic plan. Trump is pushing to extend the tax cuts he and Republicans enacted years ago and will deliver a speech Thursday in New York about his plans.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
Wall Street is increasingly jittery about the health of the U.S. economy. Here's what the experts say about the chances of a recession.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Stocks in the U.S. plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,000 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending.
Stocks in the U.S. fell for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,000 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending.
This August, some changes could be coming to the way you buy and sell your home.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
Although U.S. unemployment remains near a 50-year low, job losses have surged this month. Here's what tells about the state of the labor market.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
It may seem hard to believe, but after the holidays, the presidential campaign season will really heat up -- and CBS News just out with a new poll on how people are feeling about the economy. CBS News pollster Anthony Salvanto joins us to explain the results.
Meanwhile, pilots at Southwest are poised to follow with the opening a "strike center" in Dallas this week.
Incomes fell in 2022 and more people fell into poverty after the end of pandemic benefits like stimulus checks.
UPS and the Teamsters union have reached a tentative contract on working conditions for the 340,000 unionized employees at the shipping giant, both parties announced Tuesday.
When Beyonce made her way to Philadelphia, search traffic for beauty services like nail salons soared 193% higher than normal. Searches for hair stylists rose 73%.
Queen B is coming to town, Beyonce that is, and with the Renaissance World Tour just a few days away, businesses are already preparing for a wave of concertgoers. CBS 2's Sabrina Franza explained.
"Revenge travel" continues to surge. Americans are booking trips right and left thanks to a burning desire to leave their homes after the pandemic. What's not so hot is how it's going behind the scenes at hotels. CBS 2's Lauren Victory reported on a recruitment solution the industry is pushing for and how it could affect your taxes.
President Joe Biden was in Chicago on Wednesday to deliver a major speech on his economic agenda and success during his term in office.
The president also attended fundraisers as he gears up for a reelection bid while he was in Chicago.
The founder of a popular youth outreach program in Englewood has been charged with grooming and sexually assaulting two girls
The discovery of dozens of decomposing bodies at a Chicago funeral home run by a couple with a history of mishandling human remains has raised questions about how Illinois regulates the funeral home and crematory industries.
New video from Chicago police shows a trio of armed robbers holding up a pawn shop. CPD said they are wanted for multiple crimes.
An arrest at a Lululemon athletic wear store in the Gold Coast neighborhood in Chicago led investigators to a crew that was exploiting unhoused people and responsible for thefts totaling $100,000.
Clay Holmes and three Cubs relievers combined on a three-hitter, and Seiya Suzuki hit a three-run homer Friday to send Chicago to a 3-0 win over the St. Louis Cardinals.
Alyssa's Law requires all school districts to have a mobile panic alert system to automatically notify law enforcement during on-site emergencies.
Senate Democrats are demanding answers about conditions aboard the USS Abraham Lincoln during the aircraft carrier's record-setting deployment.
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
Chicago mayoral candidate John Kelly on Wednesday said the city has had enough of career politicians, and took some of his opponents to task for running for two offices at once.
David Crowley unexpectedly beat a progressive candidate in the Democratic primary for Wisconsin governor, and will face Republican Rep. Tom Tiffany on the ballot in November.
Illinois is one of 46 states that have reached a $15.5 million settlement with a Pennsylvania-based mortgage servicer for improperly imposing new insurance policies on homeowners who already had insurance.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
The Illinois Department of Public Health is not adopting new federal child vaccine guidelines and will continue following recommendations by the American Academy of Pediatrics.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
The founder of a popular youth outreach program in Englewood has been charged with grooming and sexually assaulting two girls.
Friday’s rehearsals for the Chicago Air & Water Show were delayed by weather, but families visiting the lakefront weren’t letting the weather put a damper on a longtime tradition.
There is a significant risk of flooding Friday and into Saturday morning. Torrential downpours and strong storms start Friday night. Lows in the low 70s.
The Cook County Medical Examiner's Office said on Friday that they have now identified 33 of the 56 bodies found decomposing at a South Side funeral home last week, and 25 of those families have been notified.
A Chicago man convicted in Indonesia of helping his girlfriend kill her mother and hide her body in a suitcase at a resort in Bali is asking a judge to release him from jail while he awaits trial on U.S. charges.
Four people were injured in a shooting in Chicago's South Austin neighborhood on Friday morning.
An arrest at a Lululemon athletic wear store in the Gold Coast neighborhood in Chicago led investigators to a crew that was exploiting unhoused people and responsible for thefts totaling $100,000.
The founder of a popular youth outreach program in Englewood has been charged with grooming and sexually assaulting two girls
The discovery of dozens of decomposing bodies at a Chicago funeral home run by a couple with a history of mishandling human remains has raised questions about how Illinois regulates the funeral home and crematory industries.
New video from Chicago police shows a trio of armed robbers holding up a pawn shop. CPD said they are wanted for multiple crimes.
The discovery of dozens of decomposing bodies at a Chicago funeral home run by a couple with a history of mishandling human remains has raised questions about how Illinois regulates the funeral home and crematory industries.
An arrest at a Lululemon athletic wear store in the Gold Coast neighborhood in Chicago led investigators to a crew that was exploiting unhoused people and responsible for thefts totaling $100,000.
More violations at Chicago's Bohemian National Cemetery and Crematorium have surfaced, which is now under investigation for its role in mishandling bodies connected to the family that ran South Chicago Chapel.
Many unanswered questions remain after 56 decomposing bodies were found inside a Chicago funeral home last week.
A lawsuit on behalf of a man who was shot and killed by police in Humboldt Park in March claims a CPD officer fired deadly shots just after arriving at a controlled scene instead of de-escalating.
Clay Holmes and three Cubs relievers combined on a three-hitter, and Seiya Suzuki hit a three-run homer Friday to send Chicago to a 3-0 win over the St. Louis Cardinals.
Gov. JB Pritzker said he believes the Chicago Bears would like to stay in Illinois, but said they haven't yet come to the legislature with a bill they want passed to address building a new stadium in Arlington Heights or elsewhere.
Cade Cavalli took a no-hitter into the seventh inning, and the Washington Nationals beat the Chicago Cubs 7-0 to avoid a three-game sweep.
Sal Stewart, Eugenio Suárez and Tyler Stephenson homered and the Cincinnati Reds held off the Chicago White Sox for a 9-8 victory.
The Chicago White Sox announced they're moving their Thursday game at Rate Field against the Cincinnati Reds to an earlier time due to the weather.
The founder of a popular youth outreach program in Englewood has been charged with grooming and sexually assaulting two girls
Luigi Mangione entered a guilty plea in his federal case at a court appearance in Manhattan Friday morning.
A year-long investigation has led to an arrest in a fatal shooting in northwest suburban Des Plaines.
A man was due in court Thursday on charges of stabbing a woman to death in Chicago's Avondale community this week.
A man was set for a detention hearing Thursday in a shootout on Chicago's Near North Side.
