Surging mortgage rates cool U.S. housing market
Home prices rose 43% in two years, but now in cities that had those massive spikes, prices are being slashed. Danya Bacchus has more.
Economy
Biden makes late push across West aiming to deliver votes for Democrats
President Joe Biden's trip to Oregon, California and Colorado is showing how he's trying to turn out Democratic votes on Election Day.
Stocks slump Friday after inflation report
The Dow Jones Industrial Average gave back a big chuck of the gains it made the day before, following the latest report on inflation in the U.S. David Grasso, an editor at Bold, joins CBS News to discuss the latest on the economy.
This week on "Face the Nation with Margaret Brennan," October 16, 2022
Transportation Secretary Pete Buttigieg, Ukrainian Ambassador to the U.S. Oksana Markarova, Professor of Economics and Public Policy at the University of Michigan Betsey Stevenson, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
U.S. mortgage rates reach 20-year high
U.S. mortgage rates reached a 20-year high as the Federal Reserve continues to raise interest rates to try to tame inflation. CBS News' Errol Barnett and Elaine Quijano are joined by Zillow senior economist Orphe Divounguy to discuss the impact.
Takeaways from Wisconsin, Michigan debates
Michigan's gubernatorial candidates, Democratic Gov. Gretchen Whitmer and Republican Tudor Dixon, clashed over abortion rights in their debate Thursday night. And in Wisconsin, GOP Sen. Ron Johnson and challenger Mandela Barnes sparred in their final debate before the midterms. CBS News political correspondent Caitlin Huey-Burns breaks down what's at stake in each state.
U.K. leader sacks finance chief amid economic turmoil over tax cuts
The "mini-budget" rolled out by the duo caused the pound to plummet in value, interest rates to soar, and sparked chaos in financial markets.
Alaska snow crab season canceled after an estimated 1 billion crabs disappear
An estimated 1 billion crabs have mysteriously disappeared from Alaskan waters in two years, officials said.
Markets rally despite inflation report
The stock market finished strong on Thursday despite the latest CPI report showing a 0.4% September increase in inflation. Pete Earle, economist and research fellow at the American Instiute for Economic Research, joins CBS News to discuss the state of the economy and whether we're facing a recession.
Stocks come back strong, shrugging off hot inflation reading
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
Consumer prices climb 8.2%
Consumer prices rose again in September despite the Federal Reserve's attempts to drive down inflation. CBS News' Errol Barnett and Lana Zak speak with Diane Swonk, chief economist at KPMG U.S., about how the latest data could impact the Fed's next rate hike decision.
MoneyWatch: Tips for managing your savings
National Savings Day is the perfect time to take stock of your personal finances. CBS News’ Errol Barnett and Meg Oliver spoke with Kimberly Palmer, a personal finance expert with NerdWallet, about the best ways to manage your hard-earned savings.
Biden begins 3-state western swing with midterms weeks away
President Biden will make the case for Democrats and his administration's accomplishments.
Mortgage rates hit 14-year high
Home buyers nationwide are pulling back from the market due to high interest rates. Igor Popov, chief economist at Apartment Listing, joined Elaine Quijano to discuss where the housing market is heading.
Potential railroad strike threatens U.S. economy
Contract negotiations between railroad workers' unions and railways remain stalled. The Biden administration is now actively trying to avert a potential strike that could have a major impact on the economy, supply chains and travel. Wall Street Journal reporter Esther Fung joined CBS News' John Dickerson to discuss the latest.
U.K. drops plan to cut income tax for wealthy
The U.K. government is abandoning a plan to cut income taxes for the wealthy. The move was wildly unpopular, and even sent the value of the pound tumbling when it was first announced last month. John Quelch, dean of the Miami Herbert Business School at the University of Miami, joined CBS News' John Dickerson for his analysis.
U.S. economy still rebounding from pandemic
The U.S. economy and labor market are still rebounding from the COVID-19 pandemic. Several workplace trends, such as working from home, still remain prevalent. Aki Ito, senior correspondent for Business Insider, joined CBS News to discuss.
Risks of potential Fed interest rate hike
The Federal Reserve's plan to get inflation under control is fueling concerns of future layoffs and a possible recession. CBS News' John Dickerson breaks down how this will affect you with Guy Berger, principal economist for LinkedIn.
What are the chances of a recession?
The CEO of JPMorgan Chase is warning of a possible recession in six to nine months. The head of economic analytics for Morning Consult, Scott Brave, joins "CBS News Mornings" to share his thoughts on the comments and the impact a recession could have on everyday Americans.
Tim Ryan, JD Vance attack over jobs, party loyalty in Senate debate
Democratic Rep. Tim Ryan and Republican JD Vance are facing off in one of the most expensive and closely watched U.S. Senate races this November.
IMF dims outlooks for global economy in 2023 amid Ukraine war
Recession risks are rising amid "historic fragility" in the global economy, the agency's managing director said.
Iran escalates brutal crackdown on protesters
Anti-government protests are now targeting the lifeblood of Iran's economy -- oil and gas production. Some oil and gas workers have joined the protests as activists say the government's crackdown is getting more brutal. Roxana Saberi reports.
Large rail union rejects deal, raising specter of eventual strike
The third-largest railroad union rejected its deal with the railroads Monday, saying the offer didn't do enough to address sick time.
El-Erian on "unsettling volatility" in the market
Mohamed El-Erian, Allianz Chief Economic Adviser, said the " main drivers of inflation and how broad they are is still going up." He joins "Face the Nation" to discuss the "unsettling volatility" of the market right now.
Jobs report fuels interest rate hike fears
The latest jobs report is fueling fears that a big interest rate hike is likely, as the Federal Reserve tries to aggressively fight inflation. Business analyst Jill Schlesinger breaks down the report.
Iowa approves pricy foreign-owned steel plant project in swing district
Jane Doe's attorney says "she was incapable of consent," alleges cover-up
Medical plane missing near Nantucket with 6 on board, authorities say
Live
Trump vows Iran war to end "very quickly" as more troops head to Mideast
More details emerge about FlyDubai co-pilot who tried to crash plane
Christa Pike critically ill, intubated after botched execution, attorneys say
Judge says federal law banning noncitizen voting is unconstitutional
Hawaii sea arch collapses into Pacific Ocean after storms batter island state
