S&P 500 marks worst quarter since 2022 amid tariff and inflation fears
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
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Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
President Trump is set to announce the next round of tariffs on Wednesday. Many Americans feel he's focusing too much on these taxes, which will raise the cost of imported goods, and not enough on inflation. Nancy Cordes and Lana Zak report.
The Trump administration will unveil its long-planned reciprocal tariffs this week with a 25% import tax on foreign-made cars and auto parts also set to go into effect. CBS News' Fin Gómez, Kelly O'Grady and Anthony Salvanto have more.
A recent CBS News poll reflects the worries among Americans as they prepare for potential higher prices that may be ushered by President Trump's tariffs. Isabel Wang, a markets reporter for MarketWatch, joins CBS News with more.
President Trump's new tariffs are set to take effect this week, including a 25% tariff on foreign cars and auto parts. A new CBS News poll shows more than half of Americans disapprove of Mr. Trump's handling of the economy with 55% saying there's too much emphasis on tariffs.
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
A new CBS News poll has found that 64% of Americans think President Trump has not focused enough on lowering prices. A majority think Mr. Trump has been too focused on tariffs. Taurean Small reports.
A CBS News poll released Sunday finds that Americans' approval of President Trump's handling of the economy has ticked down, and most say he's focusing too much on tariffs and not lowering prices. CBS News director of elections and surveys Anthony Salvanto breaks down the poll.
Wall Street's decline fueled by inflation worries and the impact of tariffs likely won't be short-lived as wider reciprocal import taxes are set to go into effect next week. Consumer confidence along with spending aren't faring much better. Jo Ling Kent joins to discuss.
Peak wedding season officially kicks off next week. The average wedding in the U.S. costs over $30,000 and event planners are warning that prices could go up from President Trump's new tariffs. CBS News MoneyWatch correspondent Nancy Chen reports.
The markets ended the week with a significant sell-off amid concerns over President Trump's incoming tariffs and inflation. MarketWatch markets reporter Isabel Wang joins "The Daily Report" to discuss.
The economic fallout from COVID-19 hit Las Vegas harder than any other major city in the nation, devastating households far from the famous Strip. Though the lights are flickering on once again, uncertainty still looms. This episode of CBS Reports reveals how some Las Vegas workers are navigating a tough new reality with no end in sight.
This CBS Reports documentary explores the growing economic inequality in Puerto Rico and the divide over whether statehood is the solution.
New economic data shows Americans remain concerned over inflation and they are making cautious decisions with money. CBS News' Jill Schlesinger reports.
A majority of Americans are not feeling great about the economy, according to a new CBS News poll revealing 60% of participants said the economy was "bad." CBS News' Anthony Salvanto has more.
A closely watched measure of inflation shows that prices excluding fuel and food ticked up in February. Here's what to know.
President Trump hopes 25% tariffs on auto imports will grow America's manufacturing base and reduce the nation's debt, but will it lead to short-term price spikes for American car buyers? Kelly O'Grady explains.
Prices continue to be the dominant factor in how Americans evaluate the economy.
Optimism about the economy is falling, according to a new CBS News poll. Last month, a third of Americans said they expect the economy to be booming next year. Since then, that number has fallen five points. Skyler Henry reports from rural Georgia. Then, Kelly O'Grady and Anthony Salvanto join for analysis.
President Trump says he will put a 25% tariff on all foreign vehicles and auto parts imported into the U.S. Kelley Blue Book executive editor Brian Moody breaks down the potential impact.
A new CBS News poll finds that Americans' economic outlook has grown slightly more pessimistic in the past month. High prices are weighing on people, with most saying they're on the rise. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
There is uncertainty over the growth of the U.S. economy during the first few months of 2025 as new data emerges on economic growth in the last quarter of 2024. CBS News business analyst Jill Schlesinger reports.
More than 172,000 jobs were eliminated last month, marking the highest monthly total since the early months of the pandemic. LinkedIn career expert Catherine Fisher joins us with advice for navigating job loss and finding stability in an uncertain market.
A new report finds consumer confidence in the economy has plunged this month to its lowest level in more than four years. CBS News business analyst Jill Schlesinger breaks down what it means.