How the war with Iran may impact the U.S. economy
As the war in Iran continues, gas prices keep climbing. University of St. Thomas associate professor Tyler Schipper talks about the costs to consumers across the country.
Watch CBS News
As the war in Iran continues, gas prices keep climbing. University of St. Thomas associate professor Tyler Schipper talks about the costs to consumers across the country.
Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.
Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
Minnesotans woke up to biggest increase in gas prices in more than four years. Last week, the average price at the pump for unleaded gasoline was $2.71 a gallon. According to AAA, the price jumped 16 cents in a day from $2.83 on Monday to $2.99 today. Reg Chapman looks at what it could mean for the busy driving season ahead.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
The U.S. Supreme Court struck down a key part of President Trump's economic plan late last week: tariffs. But the president fought back, slapping a 15% global tariff on imported goods.
A major setback for President Trump's tariffs has left Minnesota businesses and shoppers in limbo.
The U.S. Supreme Court on Friday ruled that President Trump's import tariffs are illegal. He fought back with a new 10% global tax, using a different power instead. Some economists fear the changes could lead to even more economic uncertainty. WCCO's Adam Duxter explains how the trade wars have made a mark across Minnesota businesses.
The Feeding our Future fraud case made national headlines and spurred a surge of ICE agents to Minnesota. Aimee Bock was convicted of leading the operation. Many of the others charged or convicted were Somali. We've been working for weeks to uncover the overall economic impact of Somalis in Minnesota. Here's what Susan-Elizabeth Littlefield found out.
Officials in Minneapolis say the city has experienced at least $203.1 million "in impact" as a result of federal immigration enforcement activity.
The Minneapolis Lake Street Council alone says they’ve lost $46 million in revenue since December, and are pleading with community members to spend money at local shops and restaurants.
The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
Economic growth blew past forecasts in the third quarter despite ongoing concerns about jobs, tariffs and inflation.
During his address, the president blamed Biden for increased costs at your house. He says things are looking up, and prices are coming down. But new CBS News polling out shows two-thirds of Americans think the economy is in bad shape. As Ashley Grams reports, most say the holidays will be harder to afford.
President Trump spoke about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.
Holiday spending is hitting new records, but some data shows that people are buying fewer items amid higher prices.
Des Moines Public Schools has released a report claiming it received an incomplete background check and a likely forged transcript when hiring former superintendent Ian Roberts.
The September jobs report, which was delayed due to the government shutdown, comes amid a slowdown in hiring across the U.S.
More than 2.2 million vehicles have already been repossessed this year, a number expected to climb past 3 million by the end of 2025, in line with the Great Recession.
Employers have slashed nearly 1.1 million jobs through October this year, up 65% from a year ago, new labor data shows.
Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.
Americans are paying significantly more for these food staples, price inflation data shows. Will inflation ever relent?
Target is asking corporate employees to work from home next week. On Tuesday, the company will announce changes, including the elimination of around 1,800 corporate positions. Photojournalist Tony Peterson and Frank Vascellaro report.
Even though leaves are still falling from trees, Tuesday's brisk, chillier weather is a reminder that a Minnesota winter is right around the corner, at least in theory.
With open enrollment starting soon, employees could get sticker shock, with their costs expected to rise 6% to 7% for 2026, a new study says.
