Data on consumer sentiment, inflation
U.S. consumer sentiment improved slightly in May, according to new data from the University of Michigan. CBS News' MoneyWatch correspondent Kelly O'Grady has the latest.
Inflation
Poll: Americans' economic views improving
While CBS News polling shows that Americans' views on the economy have improved since winter, there is still concern when it comes to finances. CBS News executive director of elections and surveys Anthony Salvanto breaks it down.
Legal issues over Trump's tariffs to continue
President Trump's efforts to reorient global trade has sparked a legal whirlwind. After two separate rulings halted Mr. Trump's global tariffs, a federal appeals court blocked that decision, allowing his plan to go forward as the legal challenges unfold. CBS News' Olivia Rinaldi and Barron's senior markets analysis writer Paul La Monica break it all down.
Toymaker sues Trump over tariffs
A national toymaker is suing the Trump administration over sweeping tariffs, claiming that they are an overreach of the president's authority. The CEO of learning-based toy company Learning Resources says tariffs specifically on China will be catastrophic for his 500-employee business. Rick Woldenberg joins "The Daily Report" to discuss.
Trump threatens EU, Apple with new tariffs
In a return to the global trade war, President Trump threatened a new round of tariffs on the European Union. He said he recommends a 50% tariff on EU imports starting as soon as June 1, after saying negotiations with the EU are "going nowhere." CBS News' Major Garrett and Javier David have more.
Data on Americans spending less on "fun"
More than half of Americans are planning to spend less money on travel, entertainment and dining purchases this year, according to a Bankrate survey. Ted Rossman, a senior industry analyst at Bankrate, joins CBS Morning News to break down what it all means.
Home electricity bills forecast to reach a 12-year high this summer
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
Impact of Moody's U.S. credit downgrade
The international credit agency Moody's has downgraded the U.S.' credit rating from its highest AAA rating to Aa1. CBS News senior business and technology correspondent Jo Ling Kent explains what the move could mean for the average American.
Understanding cycle of deficit spending, debt
The U.S. economy is the largest globally, but its debt outweighs that distinction by trillions. Maya MacGuineas, president of the nonpartisan nonprofit Committee for a Responsible Federal Budget, joins "America Decides" to explain why that's a problem, and how increasing that debt with the latest budget proposal could hurt average Americans.
Consumer confidence falls to lowest level in 3 years amid inflation fears
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
U.S. producer price index unexpectedly drops
U.S. wholesale prices unexpectedly fell in April, marking the largest monthly drop since the start of the pandemic in 2020. CBS News contributor J.D. Durkin has more.
Walmart warns about Q2 price hikes
Walmart made headlines Thursday with an announcement warning consumers about impending price increases due to tariffs. MarketWatch financial columnist James Rogers joins CBS News with more details.
Walmart warns of price hikes due to tariffs
The Producer Price Index fell 0.5% in April, the largest decline since the COVID-19 pandemic began. Meanwhile, Walmart warned of price hikes due to President Trump's tariff plan despite recent trade deals. Barron's senior writer Megan Leonhardt joins CBS News 24/7 to break it down.
What's next for U.S. ports?
The U.S. and China have agreed to a 90-day tariff reduction with the Trump administration lowering import taxes on Chinese goods from 145% to 30% on Wednesday. Port of Los Angeles executive director Gene Seroka joins "The Daily Report" to discuss.
Inflation rate hits lowest level since 2021
The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Inflation rate rose by 2.3% in April, CPI report shows. Here's what it means.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Cost of auto parts rises in April
New data on Tuesday showed inflation cooled in April as President Trump rolled out his sweeping tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Big Tech stocks rise with CEOs in Saudi Arabia
The Dow Jones dipped on Tuesday, but Big Tech stocks saw gains as CEOs joined President Trump on his trip to Saudi Arabia. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Inflation rises 2.3% in April
The Consumer Price Index for April showed a 2.3% rise on an annual basis, which was lower than economists had predicted. CBS News MoneyWatch correspondent Kelly O'Grady reports.
New data on Trump tariffs effect
New Consumer Price Index data shows inflation is still affecting Americans and depicts the initial effects of President Trump's tariffs. CBS MoneyWatch correspondent Kelly O'Grady reports.
Why did the Fed hold rates steady?
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
Fed ignores Trump's call for cuts
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
American toymaker on tariff impact
One industry reeling from President Trump's tariffs is American toy makers. Jay Foreman, CEO of Basic Fun!, the toymaker selling brand names like My Little Pony, Tonka Trucks and Lincoln Logs, joins CBS News to discuss the impact.
Powell warns of risks from tariffs
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Small businesses deal with trade uncertainty
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
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