Employers continue to offer solid pay hikes, new data shows
Although good for employees, strong wage growth could spur additional interest rate hikes by the Federal Reserve.
Watch CBS News
Although good for employees, strong wage growth could spur additional interest rate hikes by the Federal Reserve.
The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.
The Dow Jones closed in the red Wednesday as investors reacted to earnings reports and falling shares of First Republic Bank. Axios markets correspondent Emily Peck joined CBS News to discuss what this means for investors and the economy.
Stocks closed in the red across the board Tuesday, as investors react to first quarter earnings reports. CenterSquare senior investment strategist Uma Moriarity spoke with Errol Barnett about what the results mean for investors going forward.
Bed Bath & Beyond announced that it has officially filed for bankruptcy. The company plans to close all of its stores by June, with some closing as early as Wednesday.
Even a brief interruption in plan contributions can affect people's financial goals years down the road, experts say.
EMG Advisors CEO and lead portfolio manager Will McDonough spoke with CBS News' Lana Zak and Lilia Luciano about how investors are reacting to earnings reports from Goldman Sachs and some other major companies.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
J.D. Durkin, host of "TheStreet," and Jacob Bogage, business reporter for The Washington Post, joined CBS News to discuss Friday's report of strong first quarter earnings for big banks. They also reacted to the latest unemployment numbers, and strong sales for Burger King.
New Producer Price Index data suggests inflation could be easing. CBS News' Errol Barnett and Lana Zak are joined by Ahmed Riesgo, the CIO for Insigneo Financial Group.
Stocks rose to their highest level in almost two months in another sign that inflation is cooling.
The stock market closed relatively flat Wednesday following the release of the new inflation data in the Consumer Price index. BancAlliance president Lori Bettinger joined CBS News to discuss what the information means for investors.
Inflation cooled down to its lowest level in nearly two years last month. Bharat Ramamurti, White House National Economic Council deputy director, joined Prime Time to share what's next on the road to economic recovery.
With inflation at near-record highs, people appear to have become less generous with their tips. Brian Warrener, a professor at Johnson & Wales University, joins CBS News to discuss the change and the impact is has on delivery workers.
The latest Consumer Price Index report shows inflation cooled last month. CBS News reporter Sarah Ewall-Wice joins Errol Barnett and Lana Zak to break down the latest data and how it could impact potential future interest rate hikes.
Stocks closed lower following latest update on inflation and warning of possible recession.
Data released Wednesday shows the Consumer Price iIdex rose 0.1% in the month of March, beating estimates from Dow Jones. Barron's economics and politics senior writer Megan Cassella joined CBS News' Omar Villafranca to discuss the latest inflation data and what it could mean ahead of the Federal Reserve meeting in May.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
The Dow Jones closed Tuesday in the green, as investors await reports on the March consumer and producer price indexes. Axios Business reporter Nathan Bomey spoke with Lana Zak and Lilia Luciano about how the information could impact future interest rate hikes.
The latest jobs report from the U.S. Labor Department showed unemployment in March at just 3.5%. Americans remain concerned over the ongoing impact of incessant inflation amid high interest rates, with the average American spending more than $700 on a new car. Michael George has more.
Sarah House, a senior economist for Wells Fargo, joins CBS News' Vladimir Duthiers and Errol Barnett to discuss the March 2023 jobs report, what it means for the economy and how it could impact the Federal Reserve's future decisions on interest rates.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Job vacancies slipped to less than 10 million last month, the fewest since May 2021 and a sign the job market is cooling.
High interest rates on car loans are impacting car sales. Keith Naughton, a reporter for Bloomberg News, shares more information on CBS News.
Surprise move by Saudi Arabia and other oil exporters to curb production could boost U.S. gasoline prices, analysts say.
The war, which shows no signs of ending soon, has upended global air travel, disrupted oil exports from the region and sent fuel prices rising across the world.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
Ukrainian President Volodymyr Zelenskyy says he is ready for the next trilateral peace talks with the U.S. and Russia, but the meeting depends on Washington and Moscow.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
The following is the transcript of the interview with Iranian Foreign Minister Abbas Araghchi that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
The following is the transcript of the interview with Iranian Foreign Minister Abbas Araghchi that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
When the Kremlin's propaganda machine framed the invasion of Ukraine as a heroic calling, drilling the message into schoolchildren, one brave teacher turned his camera onto that indoctrination. The result: a remarkable Oscar-nominated documentary.
Ukrainian President Volodymyr Zelenskyy says he is ready for the next trilateral peace talks with the U.S. and Russia, but the meeting depends on Washington and Moscow.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Acclaimed filmmaker Frederick Wiseman, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies," "High School," and "Hospital." In an interview with "Sunday Morning" recorded last year, the pioneering Wiseman talked with David Pogue about his unusual production methods aimed at capturing life, in films as funny, sad, and tragic as any fiction film.
The Irish actor, an Oscar-winner for "Oppenheimer," is back in a new film, "Peaky Blinders: The Immortal Man," a follow-up to his hit TV series about a charismatic gangster who rules post-World War I Birmingham, England.
In this web exclusive, Academy Award-winning actor Cillian Murphy talks with Seth Doane about returning as gangster Tommy Shelby in a new film, "Peaky Blinders: The Immortal Man," a follow-up to the cult TV series. He also talks about how London was a formative city for him; the search for good writing; and "messing around" with music.
Cillian Murphy, an Oscar-winner for "Oppenheimer," is back in a new film, "Peaky Blinders: The Immortal Man," a follow-up to his hit TV series about a charismatic gangster who rules post-World War I Birmingham, England. The Irish actor talks with Seth Doane about the appeal of portraying complicated or tormented characters; taking his work "deadly seriously"; and trying to have a nose for great writing.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Acclaimed filmmaker Frederick Wiseman, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies," "High School," and "Hospital." In an interview with "Sunday Morning" recorded last year, the pioneering Wiseman talked with David Pogue about his unusual production methods aimed at capturing life, in films as funny, sad, and tragic as any fiction film.
In this web exclusive, Academy Award-winning actor Cillian Murphy talks with Seth Doane about returning as gangster Tommy Shelby in a new film, "Peaky Blinders: The Immortal Man," a follow-up to the cult TV series. He also talks about how London was a formative city for him; the search for good writing; and "messing around" with music.
Cillian Murphy, an Oscar-winner for "Oppenheimer," is back in a new film, "Peaky Blinders: The Immortal Man," a follow-up to his hit TV series about a charismatic gangster who rules post-World War I Birmingham, England. The Irish actor talks with Seth Doane about the appeal of portraying complicated or tormented characters; taking his work "deadly seriously"; and trying to have a nose for great writing.
When True, a five-year-old under the care of social services, was dropped off for heart surgery at Children's Nebraska, an Omaha children's hospital, anesthesiologist Dr. Amy Beethe found him in pre-operative care all alone. Beethe decided that True needed a stable home. But what she and her husband, Ryan, gave True when they adopted the boy didn't end there. Steve Hartman reports on a doctor who believed saving lives wasn't just her day job.
For 30 years Sofia Coppola and Marc Jacobs have been friends and collaborators. Now, the Oscar-winning filmmaker has made her first documentary about the fashion designer, "Marc By Sofia." They talk with Anthony Mason about their friendship, and how Jacobs brought a punk sensibility to the runway.