Personal spending rises as Americans continue to battle inflation
Despite sky-high inflation, Americans are spending big on things like vacations and cars.
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Despite sky-high inflation, Americans are spending big on things like vacations and cars.
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
The home-improvement store said it is investing $1 billion in pay raises for its employees.
1 in 4 parents has had to quit a job because of child care problems, according to the study.
Americans want compromise. The prospect of default impacts views.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
"Prices will be higher, and we will see flights sell out for both holidays," one travel pro said.
Stacy Smith and his panel of experts share their opinions on investing in the latest stock market trends.
Stacy Smith and his panel of experts share their opinions on investing in the latest stock market trends.
Stacy Smith and his panel of experts share their opinions on investing in the latest stock market trends.
Stacy Smith and his panel of experts share their opinions on investing in the latest stock market trends.
A new government report shows Americans are spending beyond their means.
The Bureau of Labor Statistics released its quarterly index, showing wages have increased but they're not keeping up with inflation.
The Bureau of Economic Analysis released its latest index. The index measures prices paid by consumers for goods and services. It showed consumer spending increased over a half percent from August to September while savings fell and incomes only grew 0.4%.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
A new CBS News Battleground Tracker poll is diving deeper into the heated races coming up in the midterm elections.
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
A growing number of Americans say they're done going the extra mile for their employers. Some experts call that progress.
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
CBS News Business Analyst Jill Schlesinger discusses the economy, the possibility of a recession and what the would mean for you.
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.
Crews have blocked off a portion of a road in McCandless, Allegheny County, near UPMC Passavant, after a large sinkhole formed.
The Pittsburgh Penguins have avoided arbitration with four eligible players.
Slippery Rock Borough has declared a disaster emergency following excessive and intense rainfall in the area.
Konnor Griffin had a tiebreaking two-run single in the eighth inning, leading the Pirates over the Washington Nationals 11-5.
Balogun's reinstatement came after President Trump called FIFA President Gianni Infantino last week to ask whether the organization was going to review the situation, sources told CBS News.
Slippery Rock Borough has declared a disaster emergency following excessive and intense rainfall in the area.
The 16 children rescued from an Ohio home in deplorable conditions face a long road toward recovery, experts say.
Crews have blocked off a portion of a road in McCandless, Allegheny County, near UPMC Passavant, after a large sinkhole formed.
The Pittsburgh Penguins have avoided arbitration with four eligible players.
Konnor Griffin had a tiebreaking two-run single in the eighth inning, leading the Pirates over the Washington Nationals 11-5.
Rep. Eric Davanzo later said he "will never apologize for putting patriotism before politics."
Some lawmakers say the Pennsylvania State Senate is stalling on a bill to increase the state's minimum wage.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
The Supreme Court upheld state laws from West Virginia and Idaho that restricted participation by transgender athletes in girls' and women's sports.
The Supreme Court on Monday ruled that states can count mail ballots that are cast by Election Day but arrive later, rejecting a GOP challenge to a Mississippi law.
Giant Eagle has remained the dominant grocer in southwestern Pennsylvania for more than 40 years, and one of those reasons was the exit of Kroger.
A major healthcare merger is now official.
Imagine finding out the home you own is no longer yours, even though you weren't behind on your mortgage or selling it.
Schewbel's is closing after 120 years, meaning Giant Eagle will have to find a new bakery to make its branded bread.
Schwebel's, which sells bread at grocery stores across western Pennsylvania, is closing after 120 years.
Are we dreaming? Or are these beds *actually* flying? That's right...Daisy takes us to the 5th Annual Zelienople Bed Derby, where the beds are less for sleeping, and more for speed.
Grab your calendars because Kidsburgh Ambassador Yuling Behr is sharing all the family-friendly events happening around the 'burgh this month.
Fine Wine and Good Spirits are bringing out the bubbly...here are some American-made wines that are perfect for your holiday celebration.
Daisy Jade is live from the Big Butler Fair! Take a look at all the fun things these fairgrounds have to offer.
The first week of July doesn't just bring fireworks...it also brings one of the biggest conventions in Pittsburgh...Anthrocon!
Allegheny County is facing a major financial crisis that leaders are unsure how to address.
Rising Tide Partners began acquiring depressed properties five years ago with the promise of transforming struggling neighborhoods.
A Westmoreland County woman is demanding answers after she said a broken pipe flooded her apartment in Rostraver Township.
The school board in McKeesport has called a special meeting on Wednesday to decide the future of its football coaching staff.
Delta-8 is unregulated and untested, and more and more users are paying the price.
A major healthcare merger is now official.
Representatives from UPMC and Allegheny County Public Safety held a demonstration to encourage firework safety in Pittsburgh.
When you hear you're diagnosed with cancer, it can be overwhelming. It can leave questions, anger and a feeling of seclusion.
Allegheny County health officials said babies who have died from sudden unexpected infant death have more than doubled since 2000.
Lone star ticks have been found in Franklin and Erie counties in Pennsylvania.
The Pittsburgh Penguins have avoided arbitration with four eligible players.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Konnor Griffin had a tiebreaking two-run single in the eighth inning, leading the Pirates over the Washington Nationals 11-5.
Balogun's reinstatement came after President Trump called FIFA President Gianni Infantino last week to ask whether the organization was going to review the situation, sources told CBS News.
Pittsburgh Pirates superstar pitcher Paul Skenes has been named to the National League All-Star team for the third consecutive season.
Giant Eagle has remained the dominant grocer in southwestern Pennsylvania for more than 40 years, and one of those reasons was the exit of Kroger.
A major healthcare merger is now official.
The Kroger Company announced the acquisition of Giant Eagle on Wednesday morning.
Schewbel's is closing after 120 years, meaning Giant Eagle will have to find a new bakery to make its branded bread.
A federal judge has extended his block on enforcement of an Ohio law that would require children under 16 to get parental consent to use social media apps while a legal challenge proceeds.
It's shaping up to be a busy holiday weekend across western Pennsylvania, which includes the Westmoreland Arts and Heritage Festival.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
When are the fireworks tonight in Pittsburgh? Here's what to know about the city's Fourth of July celebration.
Anthrocon 2026, dubbed "Critters, Cryptids and Curses," will return to the David L. Lawrence Convention Center.
Road closures will be in place ahead of the America250PA concert at Point State Park on Saturday, June 27.
Slippery Rock Borough in Butler County has declared a disaster emergency following excessive and intense rainfall that hit the area on Sunday afternoon. KDKA-TV's Ricky Sayer has more.
Crews have blocked off a portion of a road in McCandless, Allegheny County, near UPMC Passavant, after a large sinkhole formed. KDKA-TV's Ricky Sayer reports.
Thousands were expected in Downtown Pittsburgh on Saturday for Fourth of July festivities. And despite some severe weather, that didn't stop those from coming out to celebrate America's 250th anniversary. KDKA-TV's Ricky Sayer has more.
Stay on top of local weather with First Alert Meteorologist Trey Fulbright's forecast!
Slippery Rock Borough in Butler County has declared a disaster emergency following excessive and intense rainfall that hit the area on Sunday afternoon.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
