Consumer confidence climbs
Confidence among U.S. consumers climbed in August. Steve Odland, the CEO and president of The Conference Board, joins CBS News to discuss why, if we can expect this trend to continue and ongoing recession concerns.
Inflation
States tap surpluses for tax cuts, rebates to offset inflation
Republicans and Democrats alike have joined the tax-cutting trend during a midterm election year.
U.S. stocks slump as investors continue to fret over Fed plans
Markets have been roiled since Fed chair's speech Friday reaffirming central bank's aggressive plans to cool inflation.
Job openings rose in July after 3 months of declines
Rate of workers quitting fell, and layoffs stayed near record low — showing employers are urgently seeking workers.
Food bank demand spikes amid inflation
High food prices are making it difficult for many families to afford even basic groceries. Food banks across the country are feeling the impact, with long lines as more families struggle to make ends meet. Janet Shamlian has more.
White House adviser weighs in on inflation fears
Federal reserve chair Jerome Powell has warned there will be "some pain" for Americans in the fight to reduce inflation. Gene Sperling, senior adviser to the president, joins CBS News' John Dickerson to discuss the state of the economy.
Markets cautious after Fed chair's remarks
Investors remain hesitant after Federal Reserve Chair Jerome Powell's Friday remarks on inflation triggered a massive sell-off. CBS News' Tanya Rivero speaks with Joe Saluzzi, partner and co-founder at Themis Trading, about how the markets are reacting.
Stocks close lower, adding to Friday's steep losses
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
Stock market drops after Fed chair's speech
The Dow Jones Industrial Average fell more than 1,000 points Friday after Federal Reserve Chair Jerome Powell said the Fed will continue raising interest rates to tame inflation. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News' Catherine Herridge to discuss.
Fed chair’s remarks trigger market sell-off
Federal Reserve Chair Jerome Powell’s remarks on inflation triggered a massive sell-off on Wall Street. Melissa Armo, owner and founder of The Stock Swoosh, breaks down why investors aren’t thrilled with the Fed chair’s comments on a possible interest rate hike.
Stocks fall amid fears of rate hikes
Wall Street ended the week with its worst day in months. The Dow Jones fell more than 1,000 points with all three major indexes off more than 3%. Nikki Battiste reports.
Powell warns fighting inflation could bring “pain”
Federal Reserve Chair Jerome Powell signaled the Fed will likely continue raising interest rates to combat inflation. Yahoo Finance columnist Rick Newman reacts to Powell’s comments and explains how investors will likely react.
Inflation cools as U.S. consumer prices rose 6.3% in July
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
Powell says Fed could keep lifting rates "for some time"
While higher borrowing costs will hurt, failure to ease inflation "would mean far greater pain," Federal Reserve chief says.
Analyzing consumer spending trends
Despite higher prices, consumer spending remains strong. But what Americans are spending their money on has changed. Jaclyn Peiser, a retail reporter for The Washington Post, joins CBS News to discuss how consumer trends have changed in response to the economic climate.
The rise of side hustles amid inflation
CBS News' Anne-Marie Green and Errol Barnett talk with Alejandro Chavarria, Erin Welsh and Pamela Ortiz, who are each pursuing side hustles, as part of CBS News' Uncertain Economy series. More and more Americans are taking on extra work as they struggle to make ends meet amid rising gas and grocery prices due to inflation.
Analyst explains decline in housing sales
Home prices fell for the first time in 3 years last month, marking the sharpest decline since 2011. Real estate analyst Erin Sykes joins "CBS News Mornings" to discuss the latest.
U.S. unemployment claims fall as GDP shrinks
The number of Americans filing for first-time unemployment benefits dropped last week. Meanwhile the Department of Commerce released updated gross domestic product figures for the second quarter of 2022. Yahoo Finance senior columnist Rick Newman joins CBS News to discuss these and the mortgage market.
Latest GDP figure eases concern about imminent U.S. recession
New government data shows economic growth shrank at a 0.6% annual rate in the second quarter — less than initially thought.
Biden says student loan forgiveness will help economy
President Biden announced his plan to forgive up to $20,000 in student loan debt for millions of Americans. But, some lawmakers and economic experts have raised concerns over its potential impact on inflation and the cost of college tuition. CBS News correspondent Christina Ruffini joined CBS News' Caitlin Huey-Burns on "Red and Blue."
How the student loan relief plan will work
President Biden unveiled his plan to cancel billions of dollars in student loan debt. It will impact millions of borrowers earning less than $125,000 a year. Roy Paul, executive director of Cents Ability, joins CBS News to discuss how the plan will work and its economic impact.
Economic impact of cancelling student debt
President Biden unveiled his plan to cancel billions of dollars in student loan debt, saying it will benefit 43 million Americans earning less than $125,000 a year. Pell Grant recipients will receive up to $20,000 in relief, while other borrowers can get up to $10,000 in debt cancellation. The pause on federal loan payments will also be extended until the end of the year. Roy Paul, executive director of Cents Ability, joins CBS News to discuss the economic impact of this plan.
Protests challenging Haiti's prime minister
Thousands of protesters took the streets of Haiti's capital calling for the resignation of Prime Minister Ariel Henry. It comes as the country deals with a surge in crime and rising inflation. The Haitian Times' Macollvie Neel joined CBS News with a look at the current economic situation there.
Americans worry a recession is coming
About 69% of Americans are worried the U.S. will be in a recession by the end of next year, a survey conducted by Bankrate found. About 41% of people say if a recession happens, they are not prepared. Mark Hamrick, senior economic analyst at Bankrate, joins CBS News to discuss how people should be preparing for a possible recession.
Here are the least and most expensive Big Macs in U.S.
Like everything else, the cost of fast food is rising, but in some states it's more affordable than others.
Elon Musk says SpaceX throttled Ukraine Starlink speeds over drone strikes
More than 1,000 arrested in France as protestors and police clash
Iran has "increased efforts to target U.S. personnel," intel chief warns
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Iran says U.S. military not allowed in Gulf "under any circumstance"
ICE crackdown prompts some Texas Latinos to turn away from Trump
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Rubio calls on Cubans seeking "positive change" to work with CIA
President Trump, first lady vote early in person in Florida
