Walmart and other big companies say tariffs are forcing them to hike prices
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
Watch CBS News
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
Oil prices could surge depending on the level of disruption from U.S. military strikes on Iran, Wall Street analysts say.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
New data on inflation rates is encouraging, but the burden of high prices continues to affect Americans. Erin Delmore, a geoeconomics correspondent, joins CBS News with more.
New data shows inflation in the U.S. cooled more than expected in January. CBS News' Natalie Brand has more.
Members of the House Select Committee on Economic Disparity and Fairness in Growth, chairman and Connecticut Democrat Rep. Jim Himes and Wisconsin Republican Rep. Bryan Steil, join Major Garrett for this week's episode of "The Takeout" to discuss the state of the U.S. economy, soaring energy prices and what options the current administration has in curbing rising costs.
Jill Schlesinger joins Major Garrett on this week's "The Takeout." Schlesinger and Garrett discuss the different terms around inflation, how the Fed affects inflation, the effect of the pandemic on the economy, bear markets, and stupid things smart people do with their money.
President Trump delivered a prime-time address from the White House on Wednesday night, touting the administration's actions during the first 11 months of his second term and outlining his goals for the next three years. CBS News' Norah O'Donnell anchors this special report.
President Trump on Friday announced former Fed Gov. Kevin Warsh as his pick to replace Jerome Powell as Federal Reserve Chair. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Warsh's experience.
The Federal Reserve, as expected, left its benchmark interest rate unchanged on Wednesday. The decision to keep the rate at its current mark comes after the central bank ended 2025 with three consecutive rate cuts. CBS News business analyst Jill Schlesinger breaks down the decision.
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
President Trump touted his economic agenda this week as he reflected on one year back in office. Barron's reporter Sabrina Escobar joins "The Daily Report" to discuss where the economy stands right now.
President Trump boasted about his economic successes during the first year of his second term in the White House despite Americans' sentiments on high prices and inflation. CBS News' Fin Gómez and Javier E. David have more.
It's been one year since President Trump took the oath of office and became the United States' 47th president. CBS News executive director of elections and surveys Anthony Salvanto has new polling on how Americans feel a year into Trump's second term.
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
Food prices in December saw their biggest jump in more than three years, data shows, while the cost of eating out has also risen.
President Trump delivered remarks at the Detroit Economic Club on Tuesday, where he touted a strong U.S. economy. CBS News' Aaron Navarro has the latest.
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
New Consumer Price Index data depicts there was no change in inflation rates from November through December of 2025. Sam Goldfarb, a markets reporter for The Wall Street Journal, has more.
December's jobs report, released on Friday, caps off a sluggish year for employers and workers. The U.S. economy only added 50,000 jobs last month, making 2025 the worst year for job gains since 2020. But it's not all bad news. The unemployment rate dropped to 4.4% in December, marking a downward swing after rising to a four-year high in November.
The new jobs report showed hiring slowed in 2025. CBS News' Jill Schlesinger has more on the most recent economic data.
An American Airlines plane carrying 178 people caught fire on the tarmac after making an emergency landing at Denver International Airport; Google touts Gemma 3 as "most capable" A.I. model that runs on just one GPU.
With just one day left of trading before the new year, CBS News is taking a look at where things stand today and what might be driving the markets in 2026. Dallas Morning News business editor Javier David joins with more.
The minutes released Tuesday indicate that some Fed officials who supported the rate cut had reservations.