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Food banks are having a hard time keeping up with families' needs as inflation raises the price of food and other essentials. Brian Ourien, director of brand marketing and communication at The Bowery Mission, joins CBS News to discuss the latest.
Michael Gapen, chief economist at Bank of America, says the U.S. "may be able to avoid" a recession in 2023, but it "could be a difficult year."
Major indexes close out tough year buffeted by stubbornly hot inflation, war in Ukraine and a lingering pandemic.
International Monetary Fund Managing Director Kristalina Georgieva, Bank of America Managing Director and Chief U.S. Economist Michael Gapen and more will appear on "Face the Nation with Margaret Brennan" this Sunday.
Should Fed's rate hikes cause a recession, a jump in layoffs and unemployment claims would be an early sign.
Many retailers have changed their return policies to add additional fees, which could impact those looking to exchange their unwanted holiday gifts. Nancy Chen reports.
Nearly half of all Americans are holding onto $21 billion in unused gift cards, according to a new report.
U.K. officials have warned travelers that there could be disruptions and delays as the Border Force stages a strike. Mail and highway workers are also walking off the job amid a wave of labor actions. Helena Humphrey joined Elaine Quijano on "CBS News Mornings" to discuss the strikes.
Wall Street loses its gains from the last two days, as reports show better-than-expected data on economy.
John Quelch, dean of the University of Miami Herbert School Business, joins "CBS News Mornings" to discuss the recent downturn n the U.K. economy.
The U.S. economy grew at a faster rate in the third quarter than first estimated. Morning Consult economic analyst Jesse Wheeler joined CBS News' Elaine Quijano to discuss GDP numbers, recession fears and consumer confidence.
A growing number of homeowners are considering refinancing as mortgage rates begin to decline. Mike Fratantoni, chief economist at the Mortgage Bankers Association, joins CBS News' Lana Zak and Jim Axelrod to discuss the state of the housing market.
The Dow Jones Industrial Average gained over 500 points on Wednesday as investors reacted to a higher-than-expected consumer confidence report. Dana Peterson, chief economist at The Conference Board, joined CBS News to discuss her organization's findings and her expectations for 2023.
Binance, one of the world's largest cryptocurrency exchanges, is facing questions about its business model and the stability of crypto markets. Binance chief strategy officer Patrick Hillmann joins CBS News to discuss the impact FTX's collapse is having on the market.
Major stock indexes rose into the green for the week, as investors remain focused on hot inflation and a potential recession.
A new report from the U.S. Department of Housing and Urban Development estimates that more than 580,000 people were experiencing homelessness on a single night in January 2022. Now the Biden administration is announcing a new plan to help address the problem. Greg Kim, who reports on homelessness for the Seattle Times, joins CBS News' John Dickerson with more.
Missed the second half of the show? The latest on Henry Cuellar call for Biden to visit border; consumers watching holiday spending despite hopeful economic indicators; Keisha Lance Bottoms on how the end of Title 42 is an issue that "affects us all"; Scott Gottlieb thoughts on the tripledemic looms this holiday season; and life is desperate in Kherson as war in Ukraine passes its 300th day.
The Dow dropped another 300 points at its opening Friday, the index's third straight day of losses after news of a rise in interest rates and a drop in retail spending. Jesse Wheeler, an economic analyst for Morning Consult, joins CBS News to discuss the latest financial news and what the future holds.
The Dow Jones Industrial Average had its third straight day of losses after the Federal Reserve announced an interest rate hike. Senior columnist at Yahoo Finance Rick Newman joins CBS News to discuss the impact on the markets.
Labor strikes, rising costs of living and inflation rate hikes are weighing on U.K. consumers as the holiday season approaches. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Errol Barnett to discuss.
As food prices continue to rise, farmers are struggling to stay afloat. U.S. Secretary of Agriculture Tom Vilsack joins CBS News' "Prime Time" to discuss the issue.
Stocks on Wall Street plunged Thursday, a day after the Federal Reserve announced yet another interest rate hike. Megan Greene, senior fellow at Brown University, and the global chief economist for the Kroll Institute, joins CBS News' "Prime Time" to discuss the state of the economy.
CBS MoneyWatch reporter Megan Cerullo joins CBS News to share tips for managing checking accounts as interest rates rise.
The Federal Reserve raised interest rates again as it tries to ease inflation. Tanya Rivero takes a look at what it means for the housing market.
President Biden on Wednesday announced a series of economic and investment initiatives in a speech at the U.S.-Africa Leaders Summit. The goal is to expand free trade opportunities across the continent, while also countering Russia and China's influence. Michelle Gavin, senior fellow on Africa policy studies at the Council on Foreign Relations, joined CBS News to discuss.
