Food banks see increase in demand with rising inflation
Jasmine Viel reports on how the spike in inflation, which drives up the cost of everyday goods and services, has also driven up demand at local food banks.
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Jasmine Viel reports on how the spike in inflation, which drives up the cost of everyday goods and services, has also driven up demand at local food banks.
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
While many people have a bleak outlook of the current economy, investment professional Chris Markowski predicts the price of some every day products at stores like Target will come down around Independence Day.
Rina Nakano speaks to an investment professional who says the price of consumer goods may decline around Independence Day due to supply chain issues being resolved and some retailers having a glut of products.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Tina Patel reports as gas prices continue to inch nearer the $7 threshold in prices. Tuesday's average of $6.46 is the 19th record set in the last 20 days.
Michele Gile reports from Santa Ana where a local restaurant owner talks about how the cost of running his business has nearly doubled, though he's doing his best to keep from passing those prices on to his customers.
Consumer prices accelerated in May as Americans face the steepest inflation in four decades.
Manufacturers are again downsizing packaging in an effort to ease the hit from inflation. Are they going too far?
CBS News Business Analyst Jill Schlesinger joined the studio to discuss the recent job report from the Department of Labor, and what the nation can expect when it comes to inflation.
AA reports that the national average cost of gasoline as of Tuesday is $4.37.
Lawrence Harris, Professor at the USC Marshall School of Business and former Chief Economist with the SEC, joined the studio to discuss the ever-rising rate of inflation and how to combat the steep cost of living.
Watchdog group Accountable.US notes that the nation's top 10 retailers have recently generated $99 billion in profit.
As prices continue to rise in the midst of one of the largest periods of inflation America has ever seen, Dr. Christopher Thornburg, an economist and cofounder of Beacon Economics, joined the studio to offer advice on how people can prepare for "recession shock."
A warning from Bank of America has brought more questions than answers as experts warn of an oncoming recession. Dr. Richard Thornburg, an economist and founding partner of Beacon Economics, joined the studio to discuss the potential "recession shock" and what it means.
Price of gasoline, food and shelter rose in March, driving inflation to its highest level in more than 40 years.
It's the Biden administration's latest attempt to bring gas prices down for Americans.
