U.S. jobless claims reach 235k, highest in nearly six months
While layoffs remain low, they've risen for five consecutive weeks to reach 235,000 in the week that ended.
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While layoffs remain low, they've risen for five consecutive weeks to reach 235,000 in the week that ended.
Pat Cipollone to testify before Jan. 6 committee; Labor Dept. reports job openings near record high
On a visit to Cleveland, Ohio, President Biden announced details of a plan to address troubled pension funding for millions of Americans. CBS News political correspondent Caitlin Huey-Burns joins Tanya Rivero and Elaine Quijano with more on the plan, how it could impact the midterm elections, and the recently announced departure of the White House communications director.
Financial Times U.S. economics editor Colby Smith joins "Red and Blue" to break down what natural gas prices skyrocketing in Europe mean for the U.S., where gas prices may go next, and how worried people should be about inflation.
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Employers advertised fewer jobs as the economy showed signs of slowing, but there are nearly two job openings for every unemployed person.
Rising prices feel impossible to manage when money is already tight. These tips might help.
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
President Biden Thursday said the U.S. is better positioned to deal with inflation than any other nation in the world. David Nelson, chief strategist of Belpointe Asset Management, joins CBS News' Ben Tracy to discuss the state of the economy.
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Sale means brand will return to Israel and West Bank — with or without Vermont ice cream maker's support.
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
Most Texans are having to drive less and cut back on spending.
"The profitability of many industries ... has become negative at the current exchange rate," says minister of economic development.
Fed Chair Jerome Powell is asked if the Fed is done raising interest rates and whether or not he thinks President Trump can fire him; then, the ACLU's surprising new political strategy, modeled in part after the NRA; and, could gene therapy cure sickle cell anemia?
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
In separate interviews, President Barack Obama and his challenger, Republican presidential candidate Mitt Romney, discuss the election year's hot button issues. Steve Kroft interviews Obama. Scott Pelley interviews Romney.
CBS News polling finds a majority of Americans disapprove of the Supreme Court's decision to overturn Roe v. Wade. Surveys also find many Americans are pessimistic about the state of the U.S. economy. CBS News executive director of elections and surveys Anthony Salvanto has more.
Supreme Court abortion ruling sparks nationwide protests; Amid inflation concerns, many are stockpiling U.S. currency
Western sanctions have damaged Russia's economy and spurred many foreign companies to exit the country.
Missed the second half of the show? The latest on abortion rights in America, Jan. 6 court hearings with Democratic Rep. Pete Aguilar, and debt crisis with World Bank president David Malpass.
Watch the full version of an interview with David Malpass, president of the World Bank Group, that aired June 26, 2022, on “Face the Nation with Margaret Brennan.”