Coffee chain grapples with tariffs as java prices boil over
"The last thing we want to do is just keep raising prices on our guests," Gregory's Coffee founder Gregory Zamfotis said. That might be easier said than done.
Economy
What's behind the coffee price hike?
The price of a pound of coffee has surged 40% in the last year. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what to know.
Inflation held steady in August, in line with economist forecasts
Inflation has eased since peaking in 2022, but remains above the Fed's 2% annual target
GDP revision finds growth at 3.8% pace
The U.S. government has reported its final second-quarter revision, which found that the U.S. gross domestic product grew at a strong 3.8% pace. The Director of the National Economic Council, Kevin Hassett, joins "The Takeout" to discuss.
New economic data on jobless claims, housing
News on American jobless claims and interest rates are painting a more positive picture for the U.S. economy. CBS News' Kelly O'Grady has more on the latest economic data.
How robots are being used for deliveries to prepare for the holiday retail rush
When you buy online, a robot could be helping to fill your order. A behind-the-scenes look at an Amazon fulfillment center shows how they impact jobs.
GDP expanded at a surprising 3.8% pace in second-quarter revision
The U.S. economy's 3.8% growth from April through June represents a significant upgrade of the government's previous estimate.
What's behind the increase in new home sales?
The government on Wednesday said seasonally adjusted new home sales in August jumped by 20% from the previous month, which was a bigger increase than expected and marks a three year high. CBS News business analyst Jill Schlesinger explains what this means for the housing market.
New home sales hit 3-year high
Data shows sales of newly-built homes have jumped to the highest level in three years. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the jump.
Millions could soon see food stamp cuts as grocery costs are on the rise
The Republicans' "big, beautiful" spending and tax law will result in cuts to food stamp benefits for many Americans, experts say.
Tariffs may impact U.S. in 2026, OECD warns
President Trump's sweeping global tariffs could impact the U.S. economy hard in 2026, the Organisation for Economic Co-operation and Development warns. Paul Hannon, an economics editor for The Wall Street Journal, breaks it down.
Cohn on "job market degrade"
As Federal Reserve chairman Jerome Powell said the U.S. economy is "cooling off," IBM vice chairman Gary Cohn, who served as director of the White House economic council in the first Trump administration, tells "Face the Nation with Margaret Brennan" that "it may be temporary …. But the reality is we have seen the job market degrade."
SEC chair eyes major rule change
The chairman of the Securities and Exchange Commission is weighing a major rule change for public companies. This week, on social media, President Trump said companies should not report earnings quarterly, but instead, just twice a year. SEC Chairman Paul Atkins told CNBC that he welcomes that idea. Wall Street Journal financial reporter Corrie Driebusch joins CBS News to discuss.
Rising grocery prices could lead to shrinkflation, food industry analyst says
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
L.A. cookie shop owner sees profits crumble
Lara Adekoya says her Los Angeles bakery is now paying $50 to $100 more per bag for premium ingredients imported from countries around the world due to President Trump's tariffs. Elise Preston reports.
United CEO Scott Kirby on the state of the economy
For airlines, the first half of the year was riddled with uncertainty as they saw bookings falter. But United Airlines remained profitable. Kris Van Cleave spoke to CEO Scott Kirby about the state of the economy.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Fed lowers interest rates by 0.25 percentage points in first cut since 2024
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Fed to announce interest rate decision
The Federal Reserve is set to announce its latest interest rate decision as economists expect the first cut since 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more on what to expect.
Will the Fed cut rates today? These charts may determine its decision.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
Recent grads face tougher odds in the job market
Graduates are entering a turbulent economy, with more competition for entry-level positions.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed meeting begins amid push for rate cuts
The Federal Reserve begins its two-day meeting on Tuesday amid renewed pressure from President Trump to cut interest rates. Madison Mills, a senior markets reporter for Axios, joins with more.
Tariffs hiked prices on some goods in August
New economic data found that heavily imported goods saw steep price hikes in August. CBS News MoneyWatch reporter Megan Cerullo has the details.
Ex-CBO director on Trump's 2nd term economy
President Trump's position on interest rates and the overall economy is under intense scrutiny. Former Congressional Budget Office Director Douglas Holtz-Eakin, one of the U.S.' foremost conservative economists, says in his first term, Mr. Trump did some "astounding" things for the economy. Holtz-Eakin joins "The Takeout" to discuss why his views on the president's second-term economic policies have turned negative.
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
Live
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
