Wall Street breaks 7-week losing streak — longest since 2001
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
Inflation
Retailers use price-gouging to score record profits, watchdog charges
The top 10 retailers have raked in $99 billion of profit last year, according to one corporate accountability group.
Key inflation gauge eases for the first time since 2020
Although U.S. inflation remains painfully high, two closely watched barometers suggest prices are moderating.
Newly built home sales fall to pre-pandemic lows
Sales of newly built homes have plummeted to pre-pandemic levels as inflation and mortgage rates rise. Danielle Hale, chief economist for Realtor.com, joined CBS News' Jim Axelrod to discuss what this means for the market.
Rancher describes financial struggles amid inflation
The price of meat, poultry and fish has increased 14% in a year. Ranchers across the U.S. are feeling the pinch as the cost of doing business increases. Dennis Sun, publisher of Wyoming Livestock Roundup and a fourth generation rancher, joins CBS News' Tony Dokoupil and Tanya Rivero to discuss.
U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
School lunches scaled back by higher costs and supply chain issues
Supply chain issues and the spiraling cost of key ingredients has forced school districts to pull back or make substitutions.
Impact of rising food costs on school lunches
Nationwide, school lunch programs are grappling with the rising food prices and ingredient shortages due to supply chain disruptions. CBS News correspondent Scott MacFarlane spoke to school lunch administrators who are struggling to put together the weekly lunch menus.
Americans increasingly concerned with economy
New CBS News polling shows Americans are increasingly concerned with economic issues ahead of the 2022 midterm elections. Meanwhile, critical primary races in Georgia on Tuesday are poised to test former President Trump's influence in the Republican Party.
Brutal week on the stock market
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
Scott says GOP will focus on inflation in midterms
GOP Sen. Rick Scott of Florida says the midterm elections are "going to be about the effectiveness of the Biden administration, and I think it bodes well for Republicans."
What's fueling high gas prices
Inflation, the war in Ukraine, supply chain issues coupled with rising demand are all factors in the steep gas prices the country is seeing, but there's more to it. Michael George has the latest.
Biden takes multi-day trip to Asia
President Biden is on his first overseas trip to Asia since taking office, spending time in both South Korea and Japan. CBS News chief White House correspondent Nancy Cordes reporters. Then CBS News political analyst Leslie Sanchez and CBS News political contributor Joel Payne join CBS News' Lana Zak to discuss the president's travels and more.
Stocks plunge as major retailers show poor results
Stocks plummeted on Wall Street after disappointing quarterly results from the nation's largest retailers. CBS News senior White House and political correspondent Ed O'Keefe has the latest. Then, Akane Otani, a reporter for The Wall Street Journal, joins Elaine Quijano on CBS News to explain the current market volatility.
Gas prices hit records as inflation fears intensify
As the price of gas and groceries rise with inflation, plenty of Americans are feeling the financial pressure of an economy potentially heading toward a recession. Errol Barnett takes a look.
Stocks plunge as economic fears intensify
The stock market plunge and inflation present two challenges for President Biden and Democrats, who are hoping to retain control in the upcoming midterm elections. Ed O'Keefe has more details.
FDA plans to ease baby formula shortage
The FDA has announced plans to ease the baby formula shortage after reaching an agreement with Abbott Laboratories to allow the manufacturer to reopen its Michigan plant. The FDA is also easing import rules to allow international manufacturers to ship formula to America. This comes as families have been struggling to get by with dwindling supply on shelves. "CBS News Mornings" spoke with Taylor Miller, the mother of a four-month-old in Texas, about the challenges she's facing as a new parent.
Inflation rises to near 40-year high
Global forces including supply chain disruptions, energy costs and Russia's invasion of Ukraine have contributed to rising inflation, which is at a near 40-year high. Mark Strassmann reports.
Rising prices fuel frustration over inflation
CBS News' Mark Strassmann reports from Atlanta on Americans' growing frustration with inflation, as gas, food and housing prices continue to climb.
Face The Nation: Gottlieb, Blankfein, Esper
Missed the Second half of the show? The latest on the baby formula shortage with Dr. Scott Gottlieb, GOP candidates make final pitch for Senate primary election, the war in Ukraine, inflation with Goldman Sachs’ Lloyd Blankfein, and Former Defense Secretary Mark Esper discusses January 6 committee.
Blankfein on inflation, the Fed and supply chain issues
Lloyd Blankfein, the former CEO and current senior chairman of Goldman Sachs, says tamping down inflation will require "some pain" as the Federal Reserve raises interest rates.
Gas prices surge to new record high of $4.43 per gallon
Prices at the pump now top $4 in all but three U.S. states, with costs driven up by a drop in capacity.
Tips for dealing with soaring grocery prices
According to the U.S. Bureau of Labor Statistics, grocery prices increased 10.8% from April 2021 to April 2022. CBS News' Tanya Rivero meets with money-saving expert Andrea Woroch to discuss how Americans can save money at the grocery store.
Inflation, rising costs pressure food banks
As Americans deal with high inflation and rising costs of goods, many are turning to food banks to supplement their shelves. Libby Campbell, chief executive officer of the West Texas Food Bank, joins "CBS News Mornings" to discuss.
Consumer prices on the rise
The pace of inflation around the U.S. dropped after eight straight months. The Consumer Price Index rose 8.3% from a year ago with food and gas prices seeing continued steep increases. Analysts and business owners say inflation won't be going away anytime soon. Carter Evans has more.
CBS News poll finds Democrats still boosted by voters' economic concerns
Israeli election to test Benjamin Netanyahu's ability to hold power
Elon Musk says SpaceX throttled Ukraine Starlink speeds over drone strikes
Some Florida voters with ties to Venezuela discouraged by Trump's policies
More than 1,000 arrested in France as protesters and police clash
Live
Trump says he's weighing deal with Iran against action to "finish them off"
At least 12 injured, including 6 children, in shooting near Florida A&M
In Ohio rally, Obama blasts Ramaswamy, GOP over controversial Acton ad
