Stocks up, but consumer confidence down
Almost six in 10 Americans say the economy is in bad shape, according to a new CBS News poll. Stocks were up across the board on Tuesday though. Kelly O'Grady has more.
Economy
The global role of the Strait of Hormuz
The intensifying conflict in the Middle East is raising new concerns about its potential impact on the oil and gas industry. Much of the focus is on whether Iran will close the Strait of Hormuz, a critical waterway for global crude oil supply. CBS News' Meg Oliver explains how the Strait functions and what a potential closure could mean on a worldwide scale.
Stocks rise after Iran's attack on U.S. base
Investors experienced some whiplash on Monday as stocks shot up following Iran's retaliatory attack on a U.S. base in Qatar. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Oil prices drop after Iran attacks U.S. base
Oil investors backed off Monday after seeing Iran's retaliatory response to U.S. strikes on some of its nuclear facilities, with oil prices dropping 9% since Sunday. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Global economy reacts to U.S. strikes on Iran
U.S. and global markets remained mostly steady following U.S. strikes on Iran's key nuclear sites over the weekend. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Financial burden rises for transportation
America's affordability crisis is getting worse. Average Americans are struggling to afford rent, groceries and transportation. Elise Preston reports on the economic struggle many face to even leave their home.
Fed Chair on why rates stayed steady
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
The U.S. minted 1,000 new millionaires a day last year, UBS report says
The U.S. accounts for the largest share of individuals with net worths of at least $1 million across the globe.
Data shows drop in U.S. retail sales in May
New economic data released Tuesday suggests the turmoil surrounding tariffs is affecting U.S. consumer spending. Retail sales in the U.S. dropped 0.9% in May, a sharp dip from the 0.1% decline the month before. Kelly O'Grady takes a look at the numbers.
Investors uncertain over Iran, Israel
The ripple effect of the back-to-back strikes between Israel and Iran were seen in the U.S. stock market on Friday. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Oil prices spike amid Israel-Iran strikes
Stocks lost ground on Friday as traders kept a close eye on the conflict between Israel and Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Stocks drop, oil prices surge
Stocks tumbled and oil prices surged on Friday in the wake of Israel's strikes in Iran. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Americans share struggles to afford basic needs
America is facing a cost of living crisis. "CBS Evening News" spoke to three Americans about what it's like trying to stay afloat as everyday costs surge.
Reporter's Notebook: Tax plan gamble
A new tax proposal backed by President Trump would give the biggest benefits to the top earners, while cutting support for the poor. If the promised growth doesn't come, the most vulnerable will pay the price. "CBS Evening News" co-anchor John Dickerson explains.
Young Americans are embracing thrifting
Americans worried about costs have flocked to the used clothing market. Thrifting is an easy way to avoid tariffs, with prices generally 50% to 75% off of retail. Janet Shamlian reports.
Bank of America report on consumer spending
A new report from Bank of America is showing signs of slowing consumer spending with people stocking up in anticipation of President Trump's tariff policies going into effect. David Tinsley, senior economist at the Bank of America Institute, joined CBS News to discuss the report.
Police officer shares struggle to buy first home
Americans are sharing their struggles to make ends meet in CBS News' series, "The Cost of Living." A rookie cop in Connecticut talks about the challenges of buying his first home.
More on trade framework between U.S., China
The Trump administration says it agreed to a framework for a trade deal with China. Plus, new data from the Labor Department shows inflation rose less than expected last month. CBS News' Olivia Rinaldi and Kelly O'Grady have more.
Stocks waver in wake of U.S.-China framework
The Dow Jones had an up and down day Wednesday, finishing flat after news of the U.S. and China agreeing to a framework for a trade deal and new data that showed inflation rose slightly in May, although less than economists had expected. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Bessent defends tariffs, U.S.-China trade deal
Rep. Linda Sánchez of California and Treasury Secretary Scott Bessent sparred over President Trump's tariff policy at a House hearing on the department's budget request. Sánchez questioned whether the Trump administration negotiated a good trade deal with China.
Report: Home sellers outnumber buyers
The U.S. is facing the widest gap on record between the number of homebuyers and home sellers in the country, creating an opportunity market for those currently looking to buy a house. Axios Phoenix reporter Jeremy Duda discusses his article on the trend with "The Daily Report."
Teacher on $37,000 salary fights to stay afloat
In a recent CBS News poll, two out of three Americans said they're stressed about their own finances, while three out of four said their incomes are not keeping up with inflation. A single mom of three shows what it's like to make ends meet on a teacher's salary of $37,000.
Rare earths at center of U.S.-China talks
U.S. and Chinese officials met in London on Monday for a second round of trade talks. CBS News senior business and technology correspondent Jo Ling Kent has the latest on where things stand in negotiations to strike a deal between the world's two largest economies.
Toys caught in the crosshairs of Trump's tariffs
New evidence shows that President Trump's tariff policies are shaking up global trade. Imports of foreign goods plunged about 16% in April, the largest one-month drop on record. Nancy Chen dives into how the toy business is being impacted.
Investigation
In Trump's pardon economy, victims lost out on $119M in restitution
Live
8-month Iran war looms large over Israeli election
Only On CBS
John Thune's balancing act: Inside his push to save the GOP majority
These factors could decide Netanyahu's fate as Israel votes today
Exclusive
Photos show Ukraine's Starlink was down during fatal strike
New charges tossed against ex-FBI officials in Hunter Biden probe
First on CBS
New details revealed in "People's Court" cold case murder arrest
Israelis living abroad spend thousands to fly in to vote in crucial election
