European Central Bank interest rate cuts
The European Central Bank has announced a cut to key interest rates after 18 months of declining inflation in Europe's economy. CBS News' Ramy Inocencio has more.
Economy
Growing number of small colleges face closure
Last week, the University of the Arts in Philadelphia announced it would permanently shut down on Friday. It marks the latest closure among smaller arts and liberal arts schools. CBS News reporter Zak Hudak examines why the closures are happening.
How housing market could impact election
President Biden and former President Donald Trump have talked about the high cost and supply of housing on the campaign trail. Some voters in key swing states say it will be a factor in how they vote this fall.
U.S. looks to Europe to counter China exports
The Biden administration argues China subsidizes its products so aggressively and produces them at such scale it undermines other countries' economic output, which should be a global concern. Last week, Treasury Secretary Janet Yellen asked her European counterparts for help. Mark Wu, professor of law at Harvard University, joins CBS News to discuss whether a multi-national approach could produce real results.
Retailers roll out deals as summer starts
Major retailers like Walmart and Target are cutting prices to attract more consumers, but will the deals be enough for those struggling to make ends meet? CBS News contributor Javier E. David has more on that and how summer spending could affect the Federal Reserve's decisions on interest rates.
2/6: CBSN AM
President Trump's gives speech on theme of "unity"; Senator Klobuchar expected to run for President
Food prices up for Memorial Day 2024
Memorial Day marks the unofficial start of summer, and about half of all Americans are expected to grill over the weekend. But food prices are up this year, making those cookouts a bit more expensive. Jonathan Vigliotti reports.
Many Americans are wrong about economic trends. Test your knowledge here.
Pessimism about the U.S. economy may be heightened by misunderstandings on fundamental concepts like inflation, the stock market and more.
Inflation to create sticker shock for vacationers
Those planning vacations this summer should buckle up for considerably higher prices. Kris Van Cleave explains.
Inflation putting stress on summer vacations
Compared to last year's Memorial Day, the overall cost of travel is actually down slightly, but vacationing in 2024 still costs 15% more than before the pandemic. CBS News senior transportation correspondent Kris Van Cleave has more.
Do you need a college degree to succeed? Here's what the data shows.
Many Americans are increasingly skeptical about the value of a college degree. Here's what the income and wealth data shows.
Rules for "buy now, pay later" plans
The Consumer Financial Protection Bureau has announced expanded protections for Americans choosing to use the "buy now, pay later" options to purchase certain goods. CBS News senior business and technology correspondent Jo Ling Kent breaks down the protections.
Sunak announces U.K. general election
British Prime Minister Rishi Sunak announced Wednesday a general election will be held on July 4 as the center-right party's support dwindles after 14 years in power. CBS News' Ian Lee breaks down the latest after Sunak's announcement.
Retailers cut prices on thousands of items
Some companies, including Target and Michaels, recently announced they're slashing prices on thousands of items that were seeing higher costs due to inflation. According to the Labor Department, groceries and other household items are cheaper now than last year. CBS News contributor Javier David has more on the trend.
Target cutting prices on thousands of items
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
How migrant workers are vital to the economy
Two recent tragedies involving migrant workers serve as reminders that the U.S. relies on workers from abroad. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.
Navarro predicts Trump priorities from prison
Peter Navarro, a former White House aide under former President Donald Trump, is currently serving a four-month sentence in Florida for a contempt of Congress conviction. But Navarro's time behind bars is not stopping him from sharing what he believes to be Trump's economic agenda if reelected. Semafor editor Gina Chon joins to discuss some of the bold predictions Navarro made to her in emails sent from prison.
Top CEO pay is surging, report says
Paid compensation for chief executives of several Fortune 500 companies has risen dramatically over the last five years, according to a new report from The Wall Street Journal. WSJ writer Theo Francis joins to discuss why it's partly linked to a phenomenon known as the "Musk effect."
Economy, border front of mind for Arizonans
Arizona and Florida have both been in the national spotlight over abortion rights in recent weeks, but a new CBS News poll finds other issues are more pressing for voters in those states. CBS News executive director of elections and surveys Anthony Salvanto unpacks the numbers. Then, political strategists Meghan Hays and Matt Gorman join with analysis.
Mike Rogers discusses Michigan Senate race
Former Michigan Rep. Mike Rogers is hoping to return to Capitol Hill. The Republican is looking to replace Debbie Stabenow in the Senate and has the backing of former President Donald Trump. Rogers joins "America Decides" to unpack the competitive race.
Breaking down the Dow's 40,000 milestone
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
Putin, Xi meet in China to reaffirm close ties
China rolled out the red carpet for Russian President Vladimir Putin, who met with Chinese President Xi Jinping in Beijing on Thursday. It was the second meeting between the two autocratic leaders in seven months. Ian Bremmer, president of the Eurasia Group, joins CBS News to assess the state of Russia-China relations.
Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Dow Jones reaches 40,000 for first time
A strong labor market and cooling inflation fueled a spike in the Dow Jones Industrial Average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.
Breaking down April inflation numbers
Inflation declined slightly in April after two straight months of increases, the U.S. Bureau of Labor Statistics announced Wednesday. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to unpack the numbers.
Hegseth to announce 20% cut to generals and admirals
Trump and major AI executives sign "morally binding" voluntary controls
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Transcript shows campus police interview with Jane Doe in Cornell rape case
Live
Iran says it is considering U.S. counterproposal to 7-day ceasefire plan
Flight to Israel diverts to Saudi Arabia after violent cockpit altercation
U.S. military declares end of anti-ISIS Operation Inherent Resolve in Iraq
Exclusive
Sen. Josh Hawley introduces bill aimed at stopping abuse of Flock cameras
Treasury to auto-enroll up to 60 million children in Trump Accounts
