Americans to spend big this holiday despite gloomy economic views
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Economy
Trump, Xi Jinping meet face-to-face
President Trump will hold a bilateral meeting with Chinese President Xi Jinping. This is their first face-to-face since Mr. Trump returned to the White House. Jessi Mitchell anchors this Special Report.
What the Fed's rate cut means for your wallet
The Federal Reserve has lowered interest rates for the second time in a row. The Fed announced a quarter of a percentage point rate cut, which falls in line with what economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Why the Fed cut interest rates again
The Federal Reserve on Wednesday cut interest rates for the second consecutive time despite inflation remaining above its target rate. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Potential consequences of Trump-Xi meeting
President Trump and Chinese leader Xi Jinping are set to meet on the sidelines of an economic conference in South Korea on Thursday. CBS News senior White House correspondent Weijia Jiang has more on what could come out of the meeting.
Powell suggests Fed may not make December cut
The Dow Jones dipped on Wednesday after Federal Reserve Chair Jerome Powell suggested the central bank may not cut interest rates again in 2025. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Paramount to lay off 2,000 workers shortly after merging with Skydance
Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.
What to expect from fed rate cut
The Federal Reserve is expected to make a quarter-point interest rate cut on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Why the "no hire, no fire" job market may no longer be a thing
Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.
Trump signs U.S.-Japan trade deal
President Trump signed trade and military agreements with Japan on the first leg of his Asia tour and touted the importance of the U.S. alliance. CBS News' Natalie Brand has more details.
Why your beef, bananas and coffee beans have gotten so expensive
Americans are paying significantly more for these food staples, price inflation data shows. Will inflation ever relent?
Trump travels to Asia for trade talks
Trade talks between U.S. and Chinese officials began earlier this morning in Kuala Lumpur, Malaysia. President Trump is traveling to the city as part of a five-day visit to Asia, where he is set to meet with Chinese president Xi Jinping on Thursday. The goal of the trip is to de-escalate the trade war with China, even as Trump ratchets up the economic pressure on Canada.
Ad that made Trump end Canada talks paused
President Trump on Thursday night said he terminated trade talks with Canada over an anti-tariff ad campaign from Ontario. CBS News congressional correspondent Nikole Killion has the latest. Then, Gary Shapiro, CEO of the Consumer Technology Association, joins from Toronto to discuss the state of trade meetings there.
Investors celebrate September inflation data
The first significant report on the U.S. economy since the government shutdown shows inflation edged up slightly in September. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the stock market reaction.
Consumer confidence slumps again amid inflation concerns
Economic sentiment dipped for the third month in a row, according to a closely watched gauge on consumer confidence.
How cargo thieves trick businesses by posing as legitimate truckers
Investigators say criminals are able to intercept goods along the supply chain by impersonating real companies.
How cargo thieves intercept truckloads of goods
A sheriff's department in Southern California announced the arrests of a dozen people accused of stealing millions of dollars in goods through a cargo theft ring that used legitimate trucking companies as cover. But the goods they stole represent just a drop in the bucket of a nationwide problem. Carter Evans reports.
Turkey prices soar
Wholesale turkey prices are up about 40% from last year, according to the American Farm Bureau Federation. CBS News MoneyWatch correspondent Kelly O'Grady explains the impact on your Thanksgiving meal.
Furloughed workers on money struggles
The government shutdown has reached Day 22 as lawmakers remain at odds over government funding. Meanwhile, furloughed federal workers are feeling the impact of the shutdown. CBS News' Nikole Killion has more.
Tariffs impacting consumer prices: analysis
A new analysis shows that President Trump's tariffs are starting to have an impact on businesses and consumers. The St. Louis Federal Reserve found that companies passed 35% of tariff costs onto shoppers early this summer. CBS News MoneyWatch reporter Megan Cerullo has more.
60% of workers are unhappy with key aspects of their job, survey finds
Six in 10 employees say their jobs are falling short on issues including pay, scheduling and career advancement, a new analysis finds.
Open enrollment may bring sticker shock as health insurance set to surge
With open enrollment starting soon, employees could get sticker shock, with their costs expected to rise 6% to 7% for 2026, a new study says.
Stellantis, Whirlpool boost American manufacturing
This week, Stellantis and Whirlpool became the latest companies to boost their American manufacturing footprints. Stellantis, the maker of Jeep, plans to add 5,000 jobs. Whirlpool announced a $300 million investment and new jobs in Ohio. Kelly O'Grady has more.
Opinion writer on small business health
Americans may have recently heard that several issues are spelling death to small businesses, perhaps at the hands of tariffs, mass deportations, inflation, or something else. However, an opinion piece from The Hill suggests that there is evidence to suggest these businesses are not in trouble at all. Gene Marks, founder and president of a small business consulting firm, The Marks Group, joins "The Takeout" to discuss his piece.
Judge temporarily blocks firing of federal workers during shutdown
A federal judge has temporarily blocked the Trump administration from firing workers during the government shutdown, saying the human cost "cannot be tolerated."
DOJ takes steps to charge James Comey again
These factors could decide Netanyahu's fate in Israel's election
First on CBS
Trump's oil and gas stocks gained millions during Iran war
Court dismisses DOJ's request to force California to set aside ballots
Maurene Comey, James Comey's daughter, was unlawfully fired, judge rules
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Iran shrugs off Trump's attack threats, says diplomacy ongoing
Duchess Meghan confronted dad over child abuse claims last year
Walter Koenig, actor who played Chekov on "Star Trek," dies at 90
