Argentina workers strike over economic policies
A 24-hour national strike in Argentina by the main labor union confederation is protesting President Javier Milei's economic policies. Ignacio Bottaro, a Telefe news reporter, joins CBS News with more.
Inflation
Heineken vows nearly $50 million to transform "tired pubs" in U.K.
Heineken said the investment is a demonstration of "confidence in the resilience of the great British local in the face of uncertainty."
Biden economic advisor on new jobs data
U.S. job growth cooled in April, according to new data by the Department of Labor. Jared Berstein, the chair of the United States Council of Economic Advisers, joins CBS News with his outlook on the new numbers.
U.S. added jobs in April: What to know
New data shows the labor market is in a healthy place but did cool down in April. CBS News senior business and technology correspondent Jo Ling Kent has more.
Fed holds interest rates steady
The Federal Reserve will keep its benchmark rate steady, a sign that inflation has not yet come down to the targeted rate. CBS News' Jill Schlesinger and Jo Ling Kent look ahead to what this means for Americans.
Fed keep rates steady: Breaking down decision
The Federal Reserve announced Wednesday it is keeping interest rates steady. The move comes as the central bank continues to deal with inflation. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss.
Parents struggle to afford summer camp costs
Inflation's impact has been felt in nearly every facet of U.S. consumer spending, including summer activities, with many parents saying they are unable to afford the spiking costs of summer camps. Nancy Chen has some tips on what parents can do to offset those higher costs.
Fed chair says interest rate hike unlikely
The Federal Reserve announced Wednesday it is leaving interest rates unchanged. Rates are the highest they've been in more than twenty years. CBS News senior business and technology correspondent Jo Ling Kent joins to discuss.
Interest rates likely to remain unchanged
The Federal Reserve is not expected to cut interest rates Wednesday as inflation persists. CBS News contributor J.D. Durkin breaks down the data.
Federal Reserve holds rates steady. Here's the financial impact.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Fed expected to leave interest rates alone
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
GDP growth slower than expected in early 2024
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why this actually might be good news for those looking for lower interest rates.
Major banks release first quarter earnings
JPMorgan Chase beat expectations in the first quarter of 2024, reporting an increase in both profits and revenues. CEO Jamie Dimon says the numbers are strong, but he warns that uncertainties like inflation and war pose potential threats for the future. CBS News contributor Javier David has more.
Inflation higher than expected in March
For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.
What does high March inflation mean for Fed?
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
Inflation runs hot for a third straight month, led by by gas and rent
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Stocks tumble as hot inflation numbers douse hopes of June rate cut
"You can kiss a June interest rate cut goodbye," one analyst said of the latest CPI numbers showing stubborn inflation.
Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Gas, rent and grocery prices keeping inflation up
Inflation rose more than expected for the third straight month. Gas, rent and grocery prices are the major categories keeping inflation stubbornly high. Jo Ling Kent reports.
Gas, rent prices contribute to inflation
The March consumer price index indicates a third straight month of price increases, a sign the U.S. economy is still dealing with inflation. Prices in March rose 3.5% on an annual basis. CBS News senior business and tech correspondent Jo Ling Kent breaks down the data.
Inflation hotter than expected in March
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more.
Young people spending more on groceries
Younger generations are showing a willingness to buy higher priced items when it comes to groceries, according to a report from McKinsey and Company. CBS News contributor Javier David, managing editor of business and markets at Axios, has more on the trend.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Is America suffering from a "vibecession"? Here's what the data says.
Economists say Americans should be more upbeat about the economy given strong job growth and lower inflation.
When will the Fed cut rates? Maybe not in 2024, Fed official cautions
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
Jane Doe's account of what happened at Cornell fraternity house
Trump says Europe will release "massive amount" of diesel oil from stockpiles
Gov. Hochul on Cornell: "I will not allow anyone to sweep this case under the rug"
Live
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