High prices keeping Americans from buying new cars
For decades, buying a new car was a milestone. Now, for a lot of Americans, it's starting to look more like a luxury. Carter Evans reports.
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For decades, buying a new car was a milestone. Now, for a lot of Americans, it's starting to look more like a luxury. Carter Evans reports.
The Wall Street Journal reports that this summer is expected to be the worst for teen jobs since 1948, when the federal government started tracking the data. Ray A. Smith, a reporter covering career and workplace issues at the Wall Street Journal, joins "The Daily Report" to discuss.
A new report from Fidelity shows more Americans are withdrawing from their 401(k)s prematurely. CBS News MoneyWatch correspondent Kelly O'Grady joins with analysis.
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
The S&P 500 hit a new record on Wednesday, even as soaring gas prices fuel inflation and consumer confidence sinks.
New data shows the median compensation for CEOs of S&P 500 companies grew almost 6% in 2025, reaching $17.7 million. This uptick marks the smallest annual growth rate since 2022, when the median pay grew just about 1%. The figures come from the Associated Press' CEO compensation survey. Ken Sweet, a banking reporter for the AP who helped write the analysis, joins "The Daily Report" to discuss.
Americans are now paying 20% more for food than four years ago. Inflation rose nearly 1% this month, mainly due to higher gas prices. Shanelle Kaul reports.
As the Dow Jones hit an all-time high this week, consumer sentiment hit an all-time low, Kevin Hassett, the director of the White House National Economic Council, told "Face the Nation with Margaret Brennan" that he believes "we should stop calling it consumer sentiment and start calling it political sentiment, because it's really a political variable."
Millions are planning get-togethers with family and friends this weekend, despite high prices. In this week's "Affordability in America," Jo Ling Kent has more.
President Trump on Friday hosted a swearing-in ceremony for the new Federal Reserve Chair, Kevin Warsh. Jon Hilsenrath, visiting scholar at Duke University, joins with analysis on what Warsh will face in the coming months.
Stew Leonard Jr., the president and CEO of the Stew Leonard's grocery chain, joins CBS News to discuss navigating inflation and its impact.
An executive order signed by President Trump on Thursday loosens a federal rule requiring grocery stores and air conditioning companies to reduce greenhouse gas emissions from cooling equipment. CBS News correspondent Natalie Brand has more.
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in three years.
Home Depot, Target, Lowes and TJ Maxx all beat expectations with their first quarter earnings and revenue reported on Wednesday. Target had their strongest gains in years. CBS News senior business and tech correspondent Jo Ling Kent has more.
Senators grilled acting Attorney General Todd Blanche on Tuesday over the Justice Department's nearly $1.8 billion fund to compensate people who claim they were politically targeted. CBS News' Natalie Brand and Caitlin Huey-Burns report.
Adulting can be expensive, and a new survey shows Generation Z is having trouble keeping up. Will Smayda, head of financial centers at Bank of America, joins to unpack the data.
Since 2016, President Trump has thrived on the support of non-college-educated White voters. A recent CBS News poll shows that support is lower than ever, at 46%, down from 68% in early 2025. Political strategists Zac Petkanas and Joe Borelli join with analysis.
For weeks, President Trump has been on a crusade to impose party discipline by devoting his energy and millions upon millions in GOP dollars to defeating wayward Republicans. The biggest contest of Mr. Trump's purity passion play comes on Tuesday night: Rep. Thomas Massie's primary race against Ed Gallrein in Kentucky. CBS News chief Washington correspondent Major Garrett has more.
New CBS News polling shows a large number of Americans are concerned about their finances and a growing number of people are expressing negative overall views of the U.S. economy. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
CBS News polling finds Americans are growing more frustrated with the economy as the war with Iran keeps gas prices high. CBS News correspondent Natalie Brand reports.
Each trip to the grocery store is becoming more expensive for Florida mother Kiana Powell. Cristian Benavides reports on how she's trying to stretch her budget.
President Trump is facing a critical political test this week, with primaries in six states. CBS News' Anthony Salvanto and Aaron Navarro have more on the president's poll numbers and Rep. Thomas Massie's campaign in Kentucky. Then, Adam Beam, deputy politics editor at The Atlanta Journal-Constitution, joins to preview Georgia's primary day.
President Trump's approval rating has slipped to its lowest level since 2023, with more than half of Americans saying his policies are making the economy worse, a CBS News poll shows. CBS News contributor Javier David has more.
Political strategists Kevin Sheridan and Michael LaRosa join CBS News with their reactions to recent CBS News polling on the U.S. economy and President Trump.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.