Fed hikes key interest rate 0.75 percentage points as it battles inflation
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
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"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
May surge in consumer prices raises odds that the Fed will continue to sharply hike interest rates.
Manufacturers are again downsizing packaging in an effort to ease the hit from inflation. Are they going too far?
The US average for the price of a gallon of regular gas hit $4.96 according to the most recent reading from AAA Wednesday
Last year, almost 48 million workers quit their jobs... But where did the workers go?
A year ago, you were paying an average of $2.861 a gallon for regular gas in Florida. On Wednesday, the current average for the same gasoline jumped to $4.645.
The number of people living paycheck to paycheck is on the rise, for consumers across all income brackets.
The US dollar serves as the backbone of the global economy and is considered the safest currency to hold. So in times of uncertainty, investors like to stock up.
The cost of living is still on the rise. A new report shows prices for everyday items are once again increasing, including Valentine's Day gifts for that special someone.
Florida GOP Sen. Marco Rubio is calling on President-Elect Joe Biden to support increasing stimulus money from $600 to $2,000, on his first day in office as a show of unity following the D.C. insurrection last week.
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
Florida's March unemployment jumped to 4.3 percent, according to numbers released Friday by the state leading to a strong demand for unemployment benefit applications but the state is still having issues with the website.
Vice President Mike Pence has returned to vote-rich Florida, hoping to draw attention to the Trump administration's record on jobs and the economy.
South Florida Mayors helped unveil 'Resilient 305' on Thursday morning, a 20-year strategy to tackle environmental, economic and social challenges for our region.
The US economy surged into high gear in the Spring, growing at the fastest pace in almost four years.
Wall Street has tried to ignore warning signs about a trade war for months. It can't any longer. The Dow sank 287 points on Tuesday.
Interest rates are going up again as the economy gets hotter.
There should be a lot more job openings for the college class of 2018, but starting salaries won't be much higher than last year.
Stocks tumbled Friday as trade tensions between the United States and China heated up.
The Dow closed down 459 points on Monday amid trade war fears and a presidential attack on Amazon.
Wall Street's trade war fears are easing — for now. The Dow jumped more than 600 points Monday after its worst week in two years.
The U.S. economy added 200,000 jobs in January and wages grew at the fastest pace in eight years.
General Electric is cutting 12,000 jobs as its new CEO tries to turn the troubled company around.
Black Friday was huge for online shopping, but Cyber Monday could be even bigger.
By mid-afternoon on the Thanksgiving holiday, the Dolphin Mall and surrounding area began to see the surge of shoppers, out in full force ahead of Black Friday.
University of Miami scientists are working to save an endangered coral species from extinction by bringing them ashore.
Florida may surpass last year's child drowning rate, prompting a push for pool safety and swim education.
The Hialeah Housing Authority began accepting online applications Wednesday, with city officials reporting they were receiving an average of 1,000 applications per hour shortly after the application period opened, at midnight.
County officials, healthcare advocates and business leaders gathered Wednesday to highlight the potential ramifications of the program's expiration, which follows a previous two-week extension.
Fabian Izaguirrecepero had 17 pending child porn counts when he was arrested, according to Miami-Dade arrest records.
University of Miami scientists are working to save an endangered coral species from extinction by bringing them ashore.
Florida may surpass last year's child drowning rate, prompting a push for pool safety and swim education.
The Hialeah Housing Authority began accepting online applications Wednesday, with city officials reporting they were receiving an average of 1,000 applications per hour shortly after the application period opened, at midnight.
County officials, healthcare advocates and business leaders gathered Wednesday to highlight the potential ramifications of the program's expiration, which follows a previous two-week extension.
Fabian Izaguirrecepero had 17 pending child porn counts when he was arrested, according to Miami-Dade arrest records.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
House Republicans adopted a budget resolution that kickstarts the party-line reconciliation process. It now heads to the Senate, where it'll face an uphill battle.
President Trump attended a dignified transfer honoring the four U.S. Army soldiers killed in the Middle East in recent days during the ongoing war with Iran.
A June 1 trial date was set Wednesday for Nicolás Maduro and his wife to face drug trafficking charges.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
The Office of Personnel Management said it will "pseudonymize" medical records it collects on more than 8 million people — federal workers and retirees, and their family members.
Larkin spoke this week to CBS News Miami's Jim DeFede.
The sordid life of Fabian Basabe is one CBS Miami first began covering on this show three years ago.
Dotie Joseph said after talking with neighbors and looking at the field, she thinks she has plenty of experience to assume the governorship.
Perhaps the most controversial cut DeSantis made was the $15 million that would have gone to fund security efforts at Catholic schools in Miami-Dade County.
The likely Republican candidate for governor, Congressman Byron Donalds, said he would vote for it, but as he told CBS Miami's Jim DeFede, if it does fail, they will tackle the issue again next year.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
A recall has been issued for frozen blueberries sold at Publix stores in Georgia, Florida and other Southern states after 12 people became sick, the FDA says.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
A lawyer says influencer brothers Andrew and Tristan Tate will fight extradition to the United Kingdom.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
A total of 22,141 fans wore the caps in London's Hyde Park on Friday ahead of his set at the British Summer Time festival.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.