Surprising jobs report shows strong hiring
The Labor Department's November jobs report showed the U.S. gained 263,000 jobs last month. But fears about inflation and a possible recession remain. Meg Oliver reports.
Economy
Stocks fall with another rate hike expected
The Dow plunged over 480 points Monday as investors remain fearful the Federal Reserve could drive the economy into a recession with additional interest rate hikes. Dory Wiley, president and CEO of Commerce Street Holdings, joined CBS News' Lilia Luciano on the implications of the Fed's next move.
Stocks fall as strong data suggests difficult inflation fight
"It's more of that 'good news is bad news,'" said Tom Martin, senior portfolio manager at Globalt Investments.
Uber seeks to avoid tech layoffs
Uber CEO Dara Khosrowshahi says the company won't be cutting jobs despite mounting tech industry layoffs. Bloomberg Tech reporter Jackie Davalos joins "CBS News Mornings" to discuss the latest.
12/4: Face The Nation: Blinken, Aguilar, Holder
This week on "Face the Nation with Margaret Brennan," the race to get as much done before the holidays as possible is on here in the nation's capital. International diplomacy has stepped up on a number of fronts. With continuing protests in Iran, and new challenges when it comes to China, we'll talk to Secretary of State Antony Blinken.
OPEC maintains oil targets amid uncertainty over Russian sanctions
The OPEC oil cartel and allied producers including Russia aren't changing their targets for shipping oil to the global economy.
Russia rejects $60-per-barrel price cap and threatens oil supply cutoff
Russian authorities have rejected a price cap on the country's oil set by Ukraine's Western supporters and are threatening to stop supplying the nations that endorsed it.
November jobs report shows resilient market
The November jobs report released by the Labor Department Friday showed that 263,000 new jobs were added last month, and the unemployment rate remains at 3.7%. The strong labor market comes amid a flurry of recent interest rate hikes. CBS News business analyst Jill Schlesinger discussed the impact of the latest numbers, and provided some tips on avoiding financial missteps heading into 2023.
G-7 and EU impose $60-per-barrel price cap on Russian oil
The move is key for Western powers' efforts to prevent oil price spikes and starve Russia of funding for its war in Ukraine.
This week on "Face the Nation with Margaret Brennan," December 4, 2022
U.S. Secretary of State Antony Blinken, former U.S. Attorney General Eric Holder, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
U.S. adds 263,000 new jobs in November
CBS News contributor Javier E. David joined Vladimir Duthiers and Anne-Marie Green with a look at the November jobs report and what it shows about the U.S. labor market as rising interest rates start to bite.
Stock market mixed after strong hiring data fans inflation worries
Stronger-than-expected wage data raised expectations Fed hikes will be more aggressive to get inflation under control.
The labor force is shrinking. Here's what's sidelining workers.
More people are unable to work due to sickness than a year ago, with retirement and child care issues adding to the problem.
How the Fed may react to monthly jobs report
The Federal Reserve is expected to keep an eye on the November jobs report as it considers its next interest rate hike. Kristin Myers, editor-in-chief of The Balance, joins CBS News' Errol Barnett and Elaine Quijano to discuss on what to expect.
Rail bill heads to Senate; Jan. 6 meeting
CBS News congressional correspondent Scott MacFarlane joined Anne-Marie Green and Vladimir Duthiers with a look at the Senate's plans to review a tentative agreement that would avert a nationwide rail strike, and he also has a preview of tomorrow's January 6 House committee meeting.
GivingTuesday raises record $3.1B for charities in tough economy
"Whatever it is that people are experiencing, they were as generous as they had the capacity to be," said GivingTuesday CEO.
Inflation slowed in October, gauge closely tracked by Fed shows
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Meet the company that’s been driving industrial efficiency for nearly a century
With digitalization at the core of RS Group’s mission to deliver for people, the planet and profit, they are looking forward, not back.
Economist warns of recession next year
As the Federal Reserve continues efforts to bring Inflation down, S & P Global Ratings is warning of a mild recession in 2023. Beth Ann Bovino, chief economist for S & P Global Ratings, joined John Dickerson on "Prime Time" to discuss.
Fed hints at slower interest rate hikes
Federal Reserve Chair Jerome Powell said Wednesday that the Fed could slow interest rate hikes as soon as December. Larry Adam, chief investment officer at Raymond James, joined CBS News to discuss Powell's comments and what it could mean for the economic outlook.
House passes bill to avert rail strike
The House voted to block a potential railroad strike that could devastate the nation's economy ahead of the holidays. The bill, which now moves to the Senate, forces rail companies and workers to accept the labor agreement the White House helped negotiate in September.
U.S. economy grows despite surging inflation
After six months of decline, the U.S. Gross Domestic Product increased at an annual rate of 2.9% in the third quarter. Lori Bettinger, president of BancAlliance and the former director of the Troubled Asset Relief Program at the Treasury Department, joined CBS News to discuss this latest economic indicator.
House approves bill to prevent rail workers strike in bipartisan vote
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
Fed will slow down pace of interest-rate hikes, Powell says
Smaller hike shouldn't be taken as sign central bank will let up on inflation fight anytime soon, Fed chair cautions.
U.S. economy sees growth in Q3
Ryan Payne, president of Payne Capital Management, joined CBS News to discuss the latest U.S. economic indicators and what the third-quarter rise in the GDP means for consumers and the economy.
Jane Doe's attorney says "she was incapable of consent," alleges cover-up
Christa Pike critically ill, intubated after botched execution, attorneys say
More details emerge about FlyDubai co-pilot who tried to crash plane
Live
Trump vows Iran war to end "very quickly" as more troops head to Mideast
Judge says federal law banning noncitizen voting is unconstitutional
Professor to present findings questioning whether Epstein killed himself
Trump says Europe will release "massive amount" of diesel oil from stockpiles
Photo of Jane Doe shared in Snapchat group on night of alleged rape
