Facebook parent Meta posts first revenue drop in company's history
"Questions about Meta's leadership" contributed to the decline, said Raj Shah, a managing partner at Publicis Sapient.
Economy
Federal Reserve preps rate hike announcement
In an effort to curb inflation, officials at the Federal Reserve are looking to hike interest rates. Finance correspondent for Insider Aaron Wineman joins CBS News Mornings with what that could mean for American's wallets.
U.S. stocks tumble over fears of another Fed rate hike
Investors and economists are bracing for another possible interest rate hike as the Federal Reserve is set to meet this week. Dion Rabouin, a reporter for the Wall Street Journal, joins CBS News to discuss what another hike could mean for the U.S. economy.
Consumer confidence index falls again
The Conference Board's consumer confidence index fell for the third straight month in July as inflation and interest rate hikes discourage spending. Steve Odland, president and CEO of The Conference Board, speaks with CBS News' Tanya Rivero and Lana Zak about why consumers are worried.
White House braces for economic indicators
Major financial reports are due out this week that are expected to give an idea of the direction the U.S. economy is headed, as President Biden continues to recover from his COVID-19 infection. CBS News chief White House correspondent Nancy Cordes spoke with Vladimir Duthiers and Jericka Duncan about when the president could come out of isolation and what to expect on the economic front.
Stocks sink after weak profit report from Walmart
Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.
Biden's COVID-19 symptoms almost gone, doctor says
President Biden's COVID-19 symptoms have almost completely gone away, his doctor said. CBS News political correspondent Caitlin Huey-Burns joins CBS News' Lana Zak to discuss Biden's condition, plus the White House's response to monkeypox, the upcoming GDP numbers and the semiconductor chips bill.
7/25: CBS News Mornings
Oak Fire grows in California, forcing thousand to evacuate near Yosemite; Pope Francis will meet with Indigenous groups in Canada and apologize for abuse at schools
Americans cash in on strong dollar in Europe: "Now is the best time to come"
The U.S. dollar is now the strongest it's been against the euro for two decades — now $1 just about equals 1 euro.
Unemployment applications reach 8-month high
The U.S. Labor Department's weekly jobs report showed 251,000 Americans filed for jobless benefits in the week ending July 16, marking the highest level in eight months. It raises concerns about a possible recession. Colby Smith, U.S. economics editor for the Financial Times, breaks down what this could mean.
U.S. jobless claim rise in mid-July
The Department of Labor's weekly unemployment report shows there were 251,000 first time applications filed in the week ending July 16. Senior economic analyst and Washington bureau chief at Bankrate.com, Mark Hamrick, joined CBS News' Anne-Marie Green and Vladimir Duthiers with more on what this means for our economy.
Americans filing jobless claims at highest level in 8 months
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
MoneyWatch: Existing home sales fell in June
As mortgage rates rise, the number of homes being sold is dropping. Existing home sales fell 5.4% in June. But housing prices are still still rising and reaching historic levels. Jessica Lautz, vice president of demographics and behavioral insight at the National Association of REALTORS, joins CBS News to discuss the latest housing report.
Sri Lanka lawmakers elect new president
Sri Lanka votes in six-time Prime Minister Ranil Wickremesinghe as president after its former leader fled the country and resigned by email amid the worst economic crisis in the country's history. But the protesters blame the government for the country's financial woes and the election of a former so-called "holdout" from the government comes with some controversy.
7/20: CBS News Mornings
Dangerous heat wave hits U.S. and Europe; Package sizes for products get smaller as companies react to inflation
Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
How to avoid financial fraud and tax scams
CBS News business analyst Jill Schlesinger joins “CBS Mornings” to discuss IRS scams and how to avoid them. She shares red flags to watch for, and how to report them to the government.
CBS Evening News, July 15, 2022
Biden holds controversial meeting with Saudi crown prince; "CBS Evening News" viewers help raise $45,000 for family struggling to afford gas
Goldman Sachs' CEO on small businesses
Goldman Sachs' CEO David Solomon joins “CBS Mornings” with his financial outlook and why the company is trying to get more support for small businesses.
Making sense of the economy amid inflation
Economists were spot on that our post-pandemic recovery will not follow the normal rules. However, we now find ourselves watching inflation skyrocket as fuel prices fall. Derek Thompson, staff writer at the Atlantic, joins CBS News to discuss his latest piece, titled "The Everything-Is-Weird Economy."
Federal Reserve signals possible rate hike
The Federal Reserve is signaling it could again raise interest rates. Matt Luzzetti, senior U.S. economist at Deutsche Bank, speaks with CBS News’ Adriana Diaz on what this could mean for American consumers.
Europe feels pain of soaring fuel costs as Ukraine war drags on
In Italy more people are heading to food banks, while Germans are turning down the AC to prep for energy rationing.
Open: This is "Face the Nation with Margaret Brennan," July 17
This week on “Face the Nation with Margaret Brennan,” with inflation now hitting over 9%, we have a string of guests to talk about the state of the American economy as experts fear a recession is coming. Plus, more on the subpoena to the U.S. Secret Service sent by the House select committee investigating the Jan. 6 attack on the U.S. Capitol with member Rep. Adam Kinzinger.
Viewers donate to family struggling to afford gas
"CBS Evening News" viewers helped raised more than $45,000 for a family who was struggling to pay for gas to get their daughter who has cancer to her medical appointments. The family won't have to rely on high-interest payday loans to buy gas thanks to the donations.
TechWatch: Tech companies upping layoffs
Technology companies have increasingly laid off workers in recent months. CBS News tech reporter Dan Patterson dives into the pattern of more layoffs and slower hiring.
FlyDubai co-pilot was likely lone wolf, Israeli investigators believe
CBS News poll finds Democrats maintain House advantage amid concern about prices
Tennessee prison system head to resign after failed Christa Pike execution
Hero passengers on Fly Dubai flight speak
Debris found of medical plane that went missing near Nantucket with 6 on board
Supreme Court gears up for new term with major cases on climate change, guns
U.S. Marine arrested, accused of killing Japanese woman in Okinawa
Live
Senior Trump administration officials met to discuss Iran war at Camp David
