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.
Economy
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.
Consumers fed up with soaring fast food prices
While Americans are saving a little money at the grocery store, dining out is another story. Jo Ling Kent reports on the high cost of fast food.
How voters view inflation ahead of November
U.S. inflation cooled slightly in April, but President Biden says prices are still too high. CBS News executive director of elections and surveys Anthony Salvanto explains how voters feel about rising prices' impact.
Inflation slightly cooled in April
New Consumer Price Index data indicates inflation slightly slowed in April, but certain costs of living, like gas prices and shelter, are still increasing. CBS News senior business and technology correspondent Jo Ling Kent reports.
Economic impact of Biden's new China tariffs
The White House announced new tariffs on Chinese imports Tuesday as part of an effort to protect U.S. businesses. William Reinsch, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess the policy changes.
What to know about Biden's new China tariffs
President Biden announced new steps Tuesday to keep China from undercutting U.S. companies. His administration is hiking tariffs on Chinese electric vehicles, semiconductors, batteries, solar cells, steel and aluminum. CBS News chief White House correspondent Nancy Cordes reports.
Biden ups tariffs on some goods from China
President Biden announced Tuesday increased tariffs on certain goods from China, including electric vehicles. CBS News chief White House correspondent Nancy Cordes breaks down the new tariffs on some imports.
Store closures are surging in 2024. Here are the worst-hit retailers.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
Judge rejects DOJ's push to force California to set aside ballots
Investigation
Classified material missing from Epstein files, documents suggest
Live
Obama and Trump hold dueling rallies as midterm campaigns make final pitch
High-speed train crash in Spain kills at least 68, dozens injured
Experts react to new findings on CTE in former NFL players
Live
Qatari mediators hand Iran new proposal to end the war
Ted Cruz calls El-Sayed a "jihadist leprechaun" at campaign stop
Brewers defeat Rays in 5 games to win first World Series in franchise history
