Many who are struggling financially won't be buying any gifts this season
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
Economy
Breaking down Argentina's inflation crisis
Argentina is experiencing rapid economic change under the leadership of new president Javier Milei as the third-largest economy in Latin America continues to suffer from decades of struggles. CBS News' Errol Barnett looks at how Argentina ended up in this economic situation.
How overseas conflicts impact U.S. economy
Two wars overseas and growing tensions with Russia and China are prompting top U.S. military contractors to boost production. Bill Hartung, senior research fellow at the Quincy Institute, joins CBS News to discuss the state of the U.S. military-industrial complex.
Biggest financial stories heading into 2024
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
Mortgage rates starting to slowly drop
Sky-high mortgage rates that scared off some potential home-buyers this year are slowly starting to drop. Rates are now at their lowest level since June after hitting a 23-year high in October. Greg McBride, chief financial analyst at Bankrate, joined CBS News to discuss how much lower rates might go.
How minority voters could shape 2024 outcome
President Biden touted his economic policies in Milwaukee on Wednesday and emphasized his support of Black-owned businesses. Political strategists Leslie Sanchez and Chuck Rocha join "America Decides" to discuss Mr. Biden's reelection bid and his appeal to mobilize minority voters.
Consumers signal optimism this holiday season
Consumer confidence climbed this month, appearing to signal optimism in the U.S. economy during the holiday season, according to a new report by The Conference Board. Dana Peterson, the chief economist at The Conference Board, joins CBS News with a look at the new data.
Tips for saving money this holiday season
Looking to spread holiday cheer without breaking the bank this year? If you haven't done your shopping yet, Bankrate senior economic analyst Mark Hamrick joined CBS News with advice on how to save.
When will Fed reach inflation goal?
The Federal Reserve's actions appear to be cooling inflation in the U.S. economy. Bartie Scott, a senior economy editor at Business Insider, joins CBS News with a look at the goals the government has set.
Goolsbee: Economy must be viewed "in a totality"
Austan Goolsbee, the president of the Federal Reserve Bank of Chicago, tells "Face the Nation" that it's "too early to declare victory" in avoiding a recession, although he said it is looking like "it's going to end up being a very substantial reduction in inflation without a big increase in the unemployment rate." But despite the positive outlook for 2024, he warned that the economy must be viewed "in a totality."
Despite resilient U.S. economy, some pessimistic
The U.S. economy continues to show strong growth, with inflation and mortgage rates dipping and gas prices dropping. The Dow Jones Industrial Average hit an all-time high Friday. However, economists say not everyone is feeling optimistic. Michael George reports.
Here's what a "soft landing" for the U.S. economy means for you
Wall Street economists increasingly predict inflation will continue to cool while avoiding a recession sparked by the Fed's rate hikes.
Fed hints at interest rate cuts in 2024
Federal Reserve chair Jerome Powell announced Wednesday that interest rates would remain unchanged through the end of 2023 and indicated there could be rate cuts coming next year. Greg McBride, the chief financial analyst at Bankrate, joined CBS News to discuss what could be coming for the economy.
Offshore wind highs and woes
Last week, the first full utility-scale offshore wind farm in United States waters started sending power to American shores. But the offshore wind industry is facing daunting economic conditions that are slowing down overly-optimistic clean energy projections. CBS News' Senior National and Environmental Correspondent Ben Tracy reports.
Dow Jones Industrial Average hits record high
The Dow Jones Industrial Average surged to close at more than 37,000 points for the first time as investors applauded a statement from the Federal Reserve that it could cut its benchmark interest rate next year. But many Americans remain pessimistic about their financial future. CBS News' Jo Ling Kent reports.
How high interest rates hurt tech startups
Tech startups faced closures and layoffs in 2023 as the Federal Reserve raised interest rates to a 22-year high. New York Times reporter Erin Griffith joins CBS News to explain what's going on in Silicon Valley.
Dow surges after Fed keeps rates unchanged
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Dow reaches 37,000-point milestone
The Dow Jones Industrial Average jumped 500 points Wednesday, crossing the 37,000-mark for the first time ever.
Jill Schlesinger on inflation, interest rates
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the latest Consumer Price Index report, which shows inflation slowing. Plus, what to expect on interest rates from the final Federal Reserve meeting of the year.
Why a Japanese farmer is selling her food for pennies in trendy Tokyo
She earned enough in real estate to buy a pad in Florida, but Tomo-chan returned to her family farm outside Tokyo, determined to show struggling youngsters "they're not forgotten."
Argentina announces a 50% devaluation of its currency
The sharp devaluation of its currency and other cuts are needed to deal with an economic "emergency," said President Javier Milei.
Inflation holds steady in latest CPI report
Consumer prices crept up a tenth of a percent in November as the cost of certain goods and services rose last month while energy and gas prices saw a decline. CBS News senior business and technology correspondent Jo Ling Kent has more.
Record-breaking holiday shopping
Just over 200 million people went shopping between Thanksgiving to Cyber Monday, beating the National Retail Federation's expectations and breaking last year's record. Katherine Cullen, vice president of industry and consumer insights for the National Retail Federation, joined CBS News to discuss what the organization expects to be a holiday season with record-breaking shopping levels.
How Biden's pro-Israel stance may impact 2024
A new CBS News poll shows what Americans think about the economy and the Israel-Hamas war, with major implications for 2024. CBS News' Anthony Salvanto, Ed O'Keefe and Bo Erickson have more.
Poor ratings for Biden in new CBS News poll
New CBS News polling finds most Americans disapprove of how President Biden is handling the war between Israel and Hamas, and that number has grown as the war stretches on. The poll also found 62% disapprove of Biden's handling of the economy. CBS News senior White House and political correspondent Ed O'Keefe has more.
Investigation
Whistleblower says DEA let fentanyl pills hit the streets
Live
Live Updates: Alaska's ballot controversy and more from campaign trail
Live
Ship burns as Iran claims 3 tankers hit mines in Strait of Hormuz
Hegseth fires Pentagon's top military planner over alleged leaks
Judge rejects DOJ's push to force California to set aside ballots
Investigation
Classified material missing from Epstein files, documents suggest
Experts react to new findings on CTE in former NFL players
RFK Jr. to ease access to unapproved peptides, draft policy states
