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An additional 963,000 Americans filed new unemployment claims for the week ending August 8th. This is the first week since March that initial jobless claims dropped below 1 million. Frances Stacy, the director of portfolio strategy at Optimal Capital, joined CBSN to break down the numbers.
Fewer than expected people filed for unemployment last week, though numbers remain far higher than before the pandemic.
Research shows money habits are set by the age of seven. CBS News business analyst Jill Schlesinger discusses the importance of teaching children to be financially literate, plus how and when to introduce them to different concepts surrounding money.
President Trump took matters into his own hands and signed 4 executive actions he said would help boost the economy. But the measures could face legal hurdles because they were not approved by Congress. Washington Post economics correspondent Heather Long joins CBSN's Tanya Rivero with a closer look at what the orders entail.
The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic.
The following is a transcript of an interview with Charles Evans, the president and CEO of the Federal Reserve Bank of Chicago, that aired Sunday, August 9, 2020, on "Face the Nation."
A July jobs report that saw 1.8 million new jobs created and a lowering of the national unemployment rate comes amid negotiations in Washington over a second stimulus package. However, the pace of hiring appears to be slowing as more states slow down or roll back their reopenings. CBS News senior business analyst Jill Schlesinger joins "CBS This Morning: Saturday" for what this all means, and what the numbers say about the future of the U.S. economy.
Lebanon is no stranger to turmoil and devastation. The country saw a bloody 15-year civil war that ended in 1990, but the massive explosion that devastated downtown Beirut may have an even greater economic impact. Tony Badran, a fellow at the Foundation for the Defense of Democracies, joins CBSN's Tanya Rivero for a closer look.
Allan Lichtman, a professor of history at American University, has been predicting presidential winners since 1984, using a 13-question system he developed. He joined CBSN to explain his methodology and announce his 2020 prediction.
The Trump administration's director of the Office of Trade and Manufacturing Policy, Peter Navarro, joins "CBS This Morning" ahead of a trip to Ohio with President Trump. He discusses the president's planned executive order, which he calls "pure Trump," aimed at sweeping away regulatory barriers on "traditional manufacturing, pharmaceuticals on our shores."
In this installment of Eye on Money, "CBS This Morning" takes a look at how the economic crisis brought on by the coronavirus pandemic is not just costing jobs, but leaving millions of Americans without health coverage. More than 50 million people have applied for unemployment since the pandemic began, and nearly half of U.S. workers get their health insurance through work. One study found that an estimated 5.4 million American workers lost their health insurance in just three months. Michelle Miller reports, and CBS News business analyst Jill Schlesinger joins the show to discuss coverage alternatives and what Americans who lost their coverage can do.
The economic shutdown since the coronavirus outbreak has forced more than 50 million Americans out of work and caused a turbulent stock market. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss how to navigate the financial uncertainty.
Clorox CEO Benno Dorer says that grocery stores won't be fully stocked with the company's disinfecting wipes any time soon, because demand increased six-fold during the coronavirus pandemic. CBS Los Angeles reports.
Missed the second half of the show? The latest on the coronavirus pandemic, the state of the economy and the 2020 presidential election
The following is a transcript of an interview with Neel Kashkari, the president and CEO of the Federal Reserve Bank of Minneapolis, that aired Sunday, August 2, 2020, on "Face the Nation."
President and CEO of the Federal Reserve Bank of Minneapolis projects if the U.S economy can grow, the country will be able to pay off its trillions of deficit spending
The former FDA commissioner says as families prepare to return to school this fall, "teachers need to be thought as frontline workers".
The House Majority Whip says he would support any measure that extended beyond a one-week extension of benefits.
President Trump and his top health officials on Thursday spoke about the importance of plasma donation from people who have antibodies, as the number of coronavirus deaths tops 150,000 in the U.S. Meantime, negotiations are stalled over the next relief package, with unemployment benefits set to expire Friday. CBS News' Skyler Henry joins CBSN's Elaine Quijano to discuss.
Nearly 30 million people were sometimes or often unable to get enough to eat last week, Census survey shows.
Two key reports show the impact of the pandemic. CBS News business analyst Jill Schlesinger explains what the historic drop in GDP and rise in weekly unemployment claims mean for the country's economy.
The coronavirus "will weigh heavily on economic activity, employment and inflation," central bank says.
Danny Meyer is one of New York City's most successful and influential restaurateurs. In mid-March he closed all 20 of his restaurants and laid off nearly 2,100 employees. Meyer, and his top executive, Chip Wade, president of the Union Square Hospitality Group, tell correspondent Martha Teichner how they plan to rebuild their business – and how the entire restaurant industry must evolve – in order to survive not only the pandemic, but a changing economy and changing tastes.
Many states raced to reopen for business even as COVID-19 continued to spread — now we're paying the price.
The coronavirus pandemic has hit many businesses hard, including local clothing stores, dry cleaners and tailors. CBS News reporters Nicole Sganga and Zak Hudak join CBSN to discuss their reporting.
Trump indicates he could abandon efforts to force Iran to reopen the Strait of Hormuz as the war pushes U.S. gas prices over the $4 mark.
The Supreme Court ruled in favor of a Colorado counselor who challenged a law banning conversion therapy for minors, ruling that lower courts failed to apply "sufficiently rigorous First Amendment scrutiny."
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine held a news conference at the Pentagon as gas prices in the U.S. continued to climb amid the ongoing war with Iran.
President Trump told CBS News that he is not ready "quite yet" to abandon efforts to force Iran to reopen the Strait of Hormuz amid the Iran war, despite a Truth Social post suggesting allies need to do it themselves.
The visit "will celebrate the historic connections and the modern bilateral relationship between the United Kingdom and the United States," Buckingham Palace says.
The Supreme Court will consider the legality of President Trump's executive order seeking to end birthright citizenship.
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
JD Vance headlined a closed-door gathering for the spring summit of the Rockbridge Network, a secretive donor group that Vance co-founded in 2019 during his stint as a private investor.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
The Supreme Court ruled in favor of a Colorado counselor who challenged a law banning conversion therapy for minors, ruling that lower courts failed to apply "sufficiently rigorous First Amendment scrutiny."
The visit "will celebrate the historic connections and the modern bilateral relationship between the United Kingdom and the United States," Buckingham Palace says.
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine held a news conference at the Pentagon as gas prices in the U.S. continued to climb amid the ongoing war with Iran.
The Supreme Court will consider the legality of President Trump's executive order seeking to end birthright citizenship.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
The bank plans to lend $80 billion to small businesses over the next 10 years as part of what it's calling the "American Dream Initiative."
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
JetBlue is hiking bag check fees as airlines face higher jet fuel costs related to the Iran war, making flying more expensive.
A study from the New York Fed found that delinquency rates increased faster in states where online sports betting is legal.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
The Supreme Court ruled in favor of a Colorado counselor who challenged a law banning conversion therapy for minors, ruling that lower courts failed to apply "sufficiently rigorous First Amendment scrutiny."
President Trump told CBS News that he is not ready "quite yet" to abandon efforts to force Iran to reopen the Strait of Hormuz amid the Iran war, despite a Truth Social post suggesting allies need to do it themselves.
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine held a news conference at the Pentagon as gas prices in the U.S. continued to climb amid the ongoing war with Iran.
Lawyers for the man charged with killing Charlie Kirk are citing a federal agency's report in questioning the link between a bullet from his autopsy and a rifle found near the scene.
The Supreme Court will consider the legality of President Trump's executive order seeking to end birthright citizenship.
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
President Trump told CBS News that he is not ready "quite yet" to abandon efforts to force Iran to reopen the Strait of Hormuz amid the Iran war, despite a Truth Social post suggesting allies need to do it themselves.
The visit "will celebrate the historic connections and the modern bilateral relationship between the United Kingdom and the United States," Buckingham Palace says.
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine held a news conference at the Pentagon as gas prices in the U.S. continued to climb amid the ongoing war with Iran.
Authorities said the smuggler turned to forest paths and camels to avoid road checkpoints.
Trump indicates he could abandon efforts to force Iran to reopen the Strait of Hormuz as the war pushes U.S. gas prices over the $4 mark.
Taylor Swift is being sued by Las Vegas performer Maren Wade who has accused the superstar of trademark infringement over her latest album, "The Life of a Showgirl." Wade is the creator of the "Confessions of a Showgirl" podcast, which started as a column in 2014.
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
A Barbie Dream Fest event in Fort Lauderdale, Florida, generated backlash from attendees over its allegedly underwhelming experience. Jessica Nova, who drove in from Atlanta for the occasion, joins CBS News to recount her experience.
The New York Times says the Defense Department flouted a court order blocking it from enforcing a policy limiting press access to the Pentagon.
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
A judge has temporarily blocked the Pentagon's attempt to designate Anthropic as a supply chain risk. CBS News legal contributor Jessica Levinson joins with analysis.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
As AI use rises, many see it decreasing the number of jobs available.
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
NASA is poised to launch four astronauts April 1 on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
A new court filing reveals defense attorneys for Tyler Robinson, the man accused of killing Charlie Kirk, claim an ATF analysis could not conclusively connect the bullet that killed Kirk to the gun Robinson allegedly used. Now the lawyers are asking to delay Robinson's preliminary hearing to review the evidence. Carter Evans reports.
Authorities said the smuggler turned to forest paths and camels to avoid road checkpoints.
Lawyers for the man charged with killing Charlie Kirk are citing a federal agency's report in questioning the link between a bullet from his autopsy and a rifle found near the scene.
The FBI has labeled the March 12 attack on a Michigan synagogue as an act of terrorism inspired by Hezbollah, the Iran-backed militant group. CBS News' Anna Schecter has the details.
The March 12 attack on a synagogue in West Bloomfield, Michigan, was an act of terrorism inspired by the militia group Hezbollah, federal officials said at a news conference Monday. Watch the full remarks.
The Artemis II mission could lift off as soon as Wednesday in a historic space flight around the moon. The crew of four has been training for nearly three years for the nine-day mission. Mark Strassmann gives a look at the risks and safety of space travel.
Forecasters are predicting good weather ahead of the scheduled, historic Artemis II moon mission on Wednesday. CBS News space consultant Bill Harwood joins from the Kennedy Space Center with the latest on preparations.
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
A crew of four astronauts are set for liftoff on Wednesday in a mission that will take them around the moon. Former NASA astronaut Terry Hart joins "The Takeout" to discuss the historic Artemis II effort.
NASA is hoping to lift off Wednesday on its Artemis II mission that will send a four-member crew on a nine-day trip around the moon and back before splashing down off the coast of San Diego. Mark Strassmann has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Taylor Swift is being sued by Las Vegas performer Maren Wade who has accused the superstar of trademark infringement over her latest album, "The Life of a Showgirl." Wade is the creator of the "Confessions of a Showgirl" podcast, which started as a column in 2014.
President Trump posted on social media a video of apparent strikes in Isfahan, a key Iranian city, as Iranians cope with the war and the regime's stance on the drawn-out conflict. CBS News' Holly Williams reports.
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
In an exclusive interview, "CBS Mornings" co-host Gayle King speaks with Michael Jordan and Denny Hamlin, the co-owners of 23XI Racing, about how the sport of NASCAR has changed over time, their partnership and what the future holds for 23XI Racing.