Are we in a recession?
CBS News Business Analyst Jill Schlesinger discusses the economy, the possibility of a recession and what the would mean for you.
Economy
Federal Reserve announces interest rate hike
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
Bracing for a possible recession: What to know about gas prices, interest rates, and your bottom line
If we are headed for a recession, here's what you need to know to protect your pocketbook.
Federal Reserve hikes key interest rate by another 75 basis points
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
Around The Table 2022: Investing In The Economy 07-05-2022
Stacy Smith and our panel of experts discuss real estate and investing in your own home in this weeks Around The Table
Around The Table: Stock Market Discussion
Stacy Smith and a group of political analysts suggest investing tips in the current stock market.
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.
To work from home or work from the office? Employers faced with dilemma
Many people now want the flexibility so employers find themselves at the crossroads.
Shrinkflation Grows As Manufacturers Downsize Products Without Lowering Prices
The annual inflation rate hit 7.5 percent in January, the highest in forty years, and it's having consequences on grocery store shelves.
Inflation Rate Affects People Differently Depending On Their Circumstances
The inflation rate grew in January, up to 7.5 percent over the last year.
Check Your Stimulus Check's Status With The 'Get My Payment' Tool
The IRS says it sent out another 2.3 million stimulus payments this week.
WalletHub Ranks Pennsylvania As 3rd Worst State For Jobs
WalletHub ranks Pennsylvania as the third-worst state for jobs.
Pennsylvania's Unemployment Rate Stable In February As Payrolls And Labor Force Grow
Pennsylvania's unemployment rate was stable in February, as the labor force and payrolls both grew as they creep back toward pre-pandemic levels, according to state figures released Friday.
Chief Economist For PNC Looks At Economy In 2021
KDKA's Stacy Smith takes a look at the economic challenges that will confront Joe Biden.
Gov. Tom Wolf, Lt. Gov. John Fetterman Once Again Push For Recreational Marijuana Legalization
For the second time in less than two weeks, Gov. Tom Wolf and Lt. Gov. John Fetterman are pushing for the legalization of recreational marijuana.
Mayor Peduto Meets With Other Pa. City Leaders, Talks Toll Pandemic Is Taking On Economy
The Pennsylvania Municipal League is talking about the economic effects the coronavirus pandemic has on the state's municipalities.
Report: Dr. Rachel Levine Declined To Attend Struggling Restaurant Owners Meeting With Pa. GOP Lawmakers Over Shutdown
Restaurants continue to struggle and now they are banding together to ask for financial help from lawmakers in Harrisburg.
Report: Pennsylvania's State Economy Has Some Of The Most Racial Inequality In The Country
When it comes to state economies with the most racial equality, a study ranks Pennsylvania near the bottom of the list.
Vice President Mike Pence To Visit Pittsburgh-Area This Week
Vice President Mike Pence is set to visit the Pittsburgh area.
'Welcome Back,' But Please Social Distance: Area Malls Staying Cautious About Reopening Due To Coronavirus Fears
Come Friday, when most of the region moves into the "Yellow Phase" of COVID-19 recovery, stores like Dick's Sporting Goods can welcome customers back inside.
What Companies Benefit From Coronavirus?
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
'It's Not Time': Pittsburghers Apprehensive About Economy Reopening Too Soon
Some Pittsburghers are apprehensive about the economy reopening right now amid the coronavirus pandemic.
Coronavirus In Pennsylvania: State's Economy Is The 6th 'Most Exposed' To Coronavirus In The Nation, Study Says
Pennsylvania's economy is one of the most vulnerable to coronavirus, according to a study.
Inside Politics With Jon Delano: Congress Rolls The Dice On Economic Stimulus
Inside Politics with KDKA's Jon Delano.
CBS News Pittsburgh — Watch Live 24/7
Latest News
Olivia Newton-John, beloved singer and actress, dies at 73
Her husband John Easterling announced her passing on her Facebook page.
New Stanton Sheetz gets $100K for selling jackpot-winning Powerball ticket
Lottery officials gave the Sheetz in New Stanton $100,000 for selling the jackpot-winning Powerball ticket last week.
American Queen, world's largest riverboat, docks in Pittsburgh
For the first time in two years, the world's largest riverboat is back in Pittsburgh.
Pittsburgh Mayor Ed Gainey speaks out after night of gun violence in city
Mayor Ed Gainey is speaking out following another night of violence in the city of Pittsburgh.
"Terrifying" study links climate hazards to hundreds of infectious diseases
"There is no speculation here whatsoever," the study's lead author said. "These are things that have already happened."
Coroner: All 10 Nescopeck fire victims died of smoke inhalation
All 10 people found dead after a fire in northeastern Pennsylvania last week died of smoke inhalation.
David McCullough, Pulitzer-winning historian and Pittsburgh native, dies at 89
David McCullough, the Pulitzer Prize-winning author and Pittsburgh native has died at the age of 89.
Sixth of seven suspects wanted in New Kensington fatal shooting now in custody
The sixth of seven suspects charged in a deadly shooting in New Kensington is now in custody.
Dump truck overturns, spills its load in Wilkins Township
A dump truck crashed and overturned in Wilkins Township on Monday morning.
Latest News
More Latest News
Olivia Newton-John, beloved singer and actress, dies at 73
Her husband John Easterling announced her passing on her Facebook page.
New Stanton Sheetz gets $100K for selling jackpot-winning Powerball ticket
Lottery officials gave the Sheetz in New Stanton $100,000 for selling the jackpot-winning Powerball ticket last week.
American Queen, world's largest riverboat, docks in Pittsburgh
For the first time in two years, the world's largest riverboat is back in Pittsburgh.
Pittsburgh Mayor Ed Gainey speaks out after night of gun violence in city
Mayor Ed Gainey is speaking out following another night of violence in the city of Pittsburgh.
"Terrifying" study links climate hazards to hundreds of infectious diseases
"There is no speculation here whatsoever," the study's lead author said. "These are things that have already happened."
Politics
More Politics
Doug Mastriano's attorney sends letter to January 6 Committee, considers backing out of testifying
His attorney has said Mastriano will not testify unless he can record the session.
Pennsylvania's newest political party has candidates for governor and senator on ballot
Pennsylvania has a new political party and it's running candidates for both governor and U.S. senator.
Pa.'s newest political party has candidates for governor and senator on the ballot
Pennsylvania has a new political party, and it’s running candidates for both governor and U.S. senator this November; KDKA's Jon Delano reports.
New 3rd party emerges in Pennsylvania
Pennsylvania has a new political party, and it’s running candidates for both governor and U.S. senator this November; KDKA's Jon Delano reports.
John Fetterman returning to campaign trail for first time since stroke
John Fetterman is returning to the campaign trail for the first time since suffering a stroke.
Consumer News
More Consumer News
Keep it or pitch it? The age-old used by debate for food
We've all seen the used by date on food in our fridge, but is it something to strictly follow?
P.F. Chang's Home Menu beef and broccoli under recall
Conagra is recalling more than 100,000 pounds of P.F. Chang's Home Menu beef and broccoli.
Conagra recalls P.F. Chang beef and broccoli
Conagra is recalling more than 100,000 pounds of P.F. Chang's Home Menu beef and broccoli
Gov. Wolf pushes General Assembly to pass bill to send $2,000 to families
Gov. Tom Wolf reintroduced a program he says is aimed at supporting families in Pennsylvania through the inflation crisis.
Protein, nutritional drinks recalled due to possible microbial contamination
More than 50 protein and nutritional drink products are being pulled from store shelves for what is described as microbial contamination.
Pittsburgh Today Live
More Pittsburgh Today Live
Pittsburgh Today Live
Pittsburgh Today Live Chat: Aug. 8. 2022
Pittsburgh Today Live's Heather Abraham and David Highfield catch up on all the latest happenings and preview what's coming up on the show.
That's A Wrap: Aug. 5, 2022
That's a wrap for this week on PTL!
'Burgh Buzz: Aug. 5, 2022
What's buzzing around the Pittsburgh area?
New Canine Companions' pups arrive in Pittsburgh
Three new Canine Companions puppies have arrived in the Pittsburgh area to begin their training as service dogs.
Young woman honors Pittsburgh man who donated his heart
A young woman is honoring a Pittsburgh man one year after his heart saved her life.
KDKA Investigations
More KDKA Investigations
City says affordable housing is one way to help people experiencing homelessness
What is being done to help people experiencing homelessness in the city of Pittsburgh?
KDKA Investigates: Helping people experiencing homelessness in Pittsburgh
Homelessness is on the rise in our region, up 21 percent in Allegheny County from last year.
Developers say cracker plant in Beaver County will be economic boost needed for region
Shell's cracker plant in Beaver County is finally set to open later this summer.
Environmentalists watch water quality with cracker plant set to open in Beaver County
Shell's cracker plant in Beaver County is finally set to open later this summer.
KDKA Investigates: Will Shell's cracker plant be an economic boom or environmental bust?
After a decade of planning and construction, Shell's cracker plant in Beaver County is finally about to open.
Health
More Health
"Terrifying" study links climate hazards to hundreds of infectious diseases
"There is no speculation here whatsoever," the study's lead author said. "These are things that have already happened."
Monkeypox very serious, but no reason for widespread alarm, top doctor says
Dr. Ashish Jha told "CBS Mornings" that declaring a public health emergency for the monkeypox outbreak will speed up vaccinations and help health officials obtain data to stop the spread of the disease.
U.S. declares monkeypox outbreak a public health emergency
The declaration could help the federal government respond as the number of cases grows and demand for the vaccine far exceeds supply around the country.
CDC expected to provide updated guidance for COVID-19 and back to school
Several changes are being discussed, including distancing, isolation, and others.
Judge rules West Virginia Medicaid must cover transgender care
U.S. District Judge Chuck Chambers in Huntington made the ruling Tuesday in a lawsuit filed by Lambda Legal.
Sports
More Sports
Sidney Crosby turns 35: A look back at some of Crosby's greatest moments
Happy birthday, Sidney Crosby.
Pirates get rare win at Camden Yards, 8-1 over Orioles
The Buccos responded in a dominant fashion after losing games one and two.
Orioles run winning streak to 5 with 6-3 win over Pirates
The Orioles have taken games one and two of the three-game set.
Pro Football Hall of Fame highlights women's impact on the sport
The "Women's Impact on Football" exhibit debuted ahead of this week's enshrinement festivities.
Pirates winning streak snapped by Orioles in 1-0 shutout
It was a pitchers' duel at Camden Yards.
Business News
More Business News
Unpaid unemployment: the frustrations surrounding delays in receiving payments
Several times per week here at KDKA, we hear from unemployed people whose frustrations have boiled over while trying to get some help from the state -- so John Shumway went asking for answers.
Animal shelters overwhelmed as more and more people surrender their pets
Animal shelters in some areas of the country are seeing more pets returned to their care.
Recall expands for baked goods possibly contaminated with plastic pieces
Enjoy Life Natural Brands is expanding its voluntary recall of baked goods over the potential presence of hard pieces of plastic.
Kraft Heinz reaches deal to continue presence at Acrisure Stadium
The iconic Heinz Ketchup bottles may no longer be on the end zone scoreboard, but they are not leaving Acrisure Stadium.
Target opens its doors in Downtown Pittsburgh
The store may turn into a one-stop shop for residents of the area.
Entertainment
More Entertainment
Olivia Newton-John, beloved singer and actress, dies at 73
Her husband John Easterling announced her passing on her Facebook page.
2 Pittsburgh officers injured while trying to arrest suspect on South Side
Two Pittsburgh police officers were injured while trying to make an arrest on the South Side.
Woody Harrelson pens poem for baby girl who looks like him
Not only did the Oscar-nominated actor respond, he wrote the little girl a poem.
Vin Scully, legendary Dodgers broadcaster, dies at age 94
"His voice will always be heard and etched in all of our minds forever," Dodgers president and CEO Stan Kasten said in a statement.
Sting to perform with Pittsburgh Symphony Orchestra
Sting is coming to Heinz Hall to perform his greatest hits reimagined with the Pittsburgh Symphony Orchestra.
Latest Videos
More Latest Videos
Latest Videos
Pittsburgh Today Live Chat: Aug. 8. 2022
Pittsburgh Today Live's Heather Abraham and David Highfield catch up on all the latest happenings and preview what's coming up on the show.
Reporter Update: Student athletes begin practices in muggy, hot weather
KDKA's Chris Hoffman has more on the beginning of football practice for high schools around the area and how student athletes acclimate their body for the warmer weather.
Military Mondays: Aug. 8, 2022
Military Mondays pays tribute to local servicemen and servicewomen.
KDKA-TV Afternoon Forecast (8/8)
Stay on top of local weather with meteorologist Ron Smiley's forecast!
New Stanton Sheetz receives $100K for selling Powerball ticket worth $206.9M
Lottery officials gave the Sheetz in New Stanton a $100,000 bonus for selling a jackpot-winning Powerball ticket last week.
Latest Galleries
More Latest Galleries
Goodbye Heinz Field: Ketchup bottles and signage removed to make way for Acrisure Stadium
On Monday, July 18, 2022, crews were hard at work at the former Heinz Field. They were taking down signage to make way for Acrisure Stadium. After removing the endzone ketchup bottles on Monday and Tuesday, the iconic Heinz Field sign on the front of the stadium was taken down.
Artist renderings offer early look of new UPMC Presbyterian Hospital
The new UPMC Presbyterian Hospital will stand 17-stories high and have 636 private patient rooms, officials said.
17 train cars derail in Harmar Township, injuring 3
More than a dozen tanker cars derailed in Harmar Township, sending three people to the hospital on Thursday.
Pittsburgh Marathon returns, thousands of runners participate
Pittsburgh Marathon weekend 2022 brought hundreds of thousands of people into the city. Despite a rainy day, runners made their way through 14 city neighborhoods.
Aftermath of mass shooting on the North Side
A violent morning in the North Side saw 11 victims, including 2 dead juveniles and 9 others who were injured.
