Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Watch CBS News
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis.
"We had to raise our prices," said Phantom Fireworks CEO Bruce Zoldan.
CBS4's Joan Murray reports it's also jeopardizing the ability for many others to finally retire.
According to the Center for Research Retirement, the selloff has erased nearly $3 trillion from retirement accounts.
"We began to get reports that, at times, people had to return their pets to the shelters," said Gil Zepeda.
Sharon Lodge is trying to make dollars stretch as she buys wholesale bulk items.
Pet food distributions in Miami-Dade want none of our furry friends to go hungry.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Demand at food banks is going up as inflation is making it harder for people keep up with the rising costs.
The Federal Reserve chairman says he anticipates more rate increases to try to bring down record inflation to its target of 2%.
Interest rates are expected to go up to combat inflation.
CBS4's Jacqueline Quynh spoke with some who say they’re back to square one as rising gas prices are crippling their cash flow.
Alex Horenstein is an associate professor of economics at the University of Miami.
The head of JP Morgan Chase, one of the largest banks in the world, recently cautioned about an 'economic hurricane" headed our way.
The cost of rising food prices is becoming a real struggle for many in South Florida.
A big reason why is gas prices which continue to hit record highs.
CBS4's Michael George reports on the increase of gas and food prices, and how budgeting differently will help make it past this inflation.
May surge in consumer prices raises odds that the Fed will continue to sharply hike interest rates.
If you've been grocery shopping and noticed your normal items are smaller, it's true.
Manufacturers are again downsizing packaging in an effort to ease the hit from inflation. Are they going too far?
CBS4's Hank Tester shares what can you do now to protect what you have and to be better prepared financially for what's next.
In an effort to get a handle on the worst inflation in America in the last 40 years, the Federal Reserve has raised interest rates by a half-percentage point.
Month by month, more of the roughly 40 million Americans who get help buying groceries through the federal food stamp program are seeing their benefits plunge even as the nation struggles with the biggest increase in food costs in decades.
Costs for food, housing, and gasoline helped drive inflation to its highest level in 40 years, according to the U.S. Bureau of Labor Statistics.
President Trump says he's "not a fan" of Pope Leo XIV while defending a controversial AI image, as Miami's archbishop weighs in on the growing feud.
Plans for a 7-story, 600-bed student housing facility near NSU's sports complex are pulled following pushback from nearby residents.
Major carriers and small business owners alike are passing higher fuel costs onto customers as gas prices soar, squeezing profits for businesses and gig workers across Florida.
Authorities say the shooting was personal and not tied to a festival as investigators review surveillance and seek public tips.
Advocates warn reductions to drug access, eligibility and provider contracts could disrupt care for thousands across South Florida.
President Trump says he's "not a fan" of Pope Leo XIV while defending a controversial AI image, as Miami's archbishop weighs in on the growing feud.
Plans for a 7-story, 600-bed student housing facility near NSU's sports complex are pulled following pushback from nearby residents.
Major carriers and small business owners alike are passing higher fuel costs onto customers as gas prices soar, squeezing profits for businesses and gig workers across Florida.
Authorities say the shooting was personal and not tied to a festival as investigators review surveillance and seek public tips.
Advocates warn reductions to drug access, eligibility and provider contracts could disrupt care for thousands across South Florida.
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.
President Trump told CBS News senior correspondent Norah O'Donnell that Pope Leo is "wrong on the issues" Monday after lashing out at the pontiff late Sunday in a Truth Social post.
The image was deleted from President Trump's Truth Social account, but the president said it depicted him as a "doctor, making people better."
The average daily ICE detention population declined by 12% from January to March, as a shakeup in DHS leadership suggests a potential shift in enforcement strategy.
Pope Leo has been critical of the war in Iran and other priorities of the Trump administration, but says his comments are "not meant as attacks on anyone."
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Uthmeier was asked several times during a press conference in Miami this week if he had formally requested the judge overseeing the grand jury to keep the findings secret.
Former state Sen. Lauren Book launched her 11th annual statewide walk, encouraging survivors to share their stories amid renewed attention on the Epstein case.
Miami Archbishop Thomas Wenski is pressing county commissioners to approve a long-delayed mental health center, warning lives are at stake as the building sits empty.
Emily Gregory describes the days following her upset victory in Tuesday's special election as "a little overwhelming, surreal, but exciting."
The Miami Center for Mental Health and Recovery, located at 2200 NW 7th Avenue, would be a first-of-its-kind facility that could make a difference in the lives of countless people.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
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.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Rapper Offset is recovering after a shooting at Seminole Hard Rock Hotel and Casino, where Lil Tjay was among two people detained and later charged.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.