Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Tariffs
Data shows drop in U.S. retail sales in May
New economic data released Tuesday suggests the turmoil surrounding tariffs is affecting U.S. consumer spending. Retail sales in the U.S. dropped 0.9% in May, a sharp dip from the 0.1% decline the month before. Kelly O'Grady takes a look at the numbers.
At Home retailer files for bankruptcy. Here are stores that will close.
As part of the bankruptcy proceedings, 26 At Home stores across the United States will close.
Why Trump didn't sign G7 statement on Iran
President Trump attended a G7 summit in Canada on Monday, where he discussed the Israel-Iran conflict, but did not join other world leaders in signing a joint statement calling for de-escalation. CBS News senior White House correspondent Weijia Jiang has more.
Israel-Iran conflict looming over G7 summit
In Canada, President Trump met on Monday with the world's top democracies as a trade war he started brings the prospect of new deals or continued global economic uncertainty. On the trip, Mr. Trump said Iran wants to negotiate as Israel continues its aerial assault on the nation. CBS News' Holly Williams, Nancy Cordes and Robert Costa have the latest.
How will G7 leaders receive Trump
President Trump is meeting with other world leaders in Canada at the G7 summit during a period of global tensions. Max Bergmann, a director at the Center for Strategic and International Studies, joins CBS News with more.
G7 summit begins in Canada
The annual Group of Seven (G7) summit begins Monday in Alberta, Canada. President Trump and world leaders from Canada, France, Germany, Italy, Japan and the United Kingdom are expected to discuss the current conflict between Israel and Iran, as well as world trade. CBS News' Nancy Cordes has the latest.
Trump's tariffs impact the toy industry
The toy industry is dominated by imports, with the overwhelming majority of toys made overseas and shipped into the U.S. President Trump's tariffs have given domestic toy makers an opening, but not without risk.
Thrifting interest explodes for Americans worried about rising clothing prices
The secondhand market is expected to more than double by 2028, according to a resale report from Thredup, an online thrift store.
Young Americans are embracing thrifting
Americans worried about costs have flocked to the used clothing market. Thrifting is an easy way to avoid tariffs, with prices generally 50% to 75% off of retail. Janet Shamlian reports.
The latest in U.S.-China trade talks
After two days of trade talks in London, President Trump says the U.S. and China have reached the framework of a deal. Scott Lincicome, a vice president at the Cato Institute's Center for Trade Policy Studies, joins to discuss.
What is the rare earth element samarium?
President Trump says a new trade framework with China will give the U.S. access to rare earth minerals. China has a tight grip on one element critical to U.S. military hardware: Samarium. Gracelin Baskaran, director of the Critical Minerals Security Program at CSIS, explains the element's significance.
More on trade framework between U.S., China
The Trump administration says it agreed to a framework for a trade deal with China. Plus, new data from the Labor Department shows inflation rose less than expected last month. CBS News' Olivia Rinaldi and Kelly O'Grady have more.
Bessent defends tariffs, U.S.-China trade deal
Rep. Linda Sánchez of California and Treasury Secretary Scott Bessent sparred over President Trump's tariff policy at a House hearing on the department's budget request. Sánchez questioned whether the Trump administration negotiated a good trade deal with China.
inflation rose less than expected, data shows
The latest Consumer Price Index (CPI) report shows that U.S. inflation rose by 0.1% in May, which is less than expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down. Also, CBS News' Natalie Brand has the latest updates from the White House as President Trump boasts about an agreement with China being close to the finish line.
Trump says U.S. trade deal with China is done after talks in London
U.S. and Chinese trade teams appeared to make modest progress a month before paused monster tariffs are due to resume, but Trump says a deal "is done."
Trump claims U.S. and China reached deal
President Trump is claiming that a trade deal with China is "done," but few details are known about the apparent agreement. This follows meetings between senior officials from both nations in London. CBS News' Natalie Brand reports.
U.S., China agree on "trade framework"
Commerce Secretary Howard Lutnick says the U.S. and China have reached a "trade framework" after two days of negotiations in London.
Rare earths at center of U.S.-China talks
U.S. and Chinese officials met in London on Monday for a second round of trade talks. CBS News senior business and technology correspondent Jo Ling Kent has the latest on where things stand in negotiations to strike a deal between the world's two largest economies.
Trump's tariffs create boom for one toy manufacturer
The Rodon Group produces billions of plastic parts every year — including parts for the popular toy brand K'nex — at its factory in Hatfield, Pennsylvania.
Mom buys product she thought was U.S.-made, but warns of misleading labels
A woman says a product she purchased was labeled as "crafted in the USA," but it was actually made in China. Here's how to know if products are American-made.
May 5: CBS News 24/7, 4pm ET
The Trump administration is offering some migrants free airline tickets, $1,000 stipends to self-deport; New parents face higher prices for baby products following Trump's tariffs on Chinese goods.
What's at stake for U.S.-China in talks
Top U.S. and Chinese officials met on Monday in London to discuss trade, tariffs and access to rare earth elements. Akin Oyedele, a deputy editor at Business Insider, joins with more on what's at stake for each nation.
Why U.S.-China trade talks are in London
Representatives from the U.S. and China are holding trade talks in London on Monday. CBS News foreign correspondent Ramy Inocencio breaks down the significance of the meetings happening in the United Kingdom.
How new tariffs are impacting small businesses
Sana Javeri Kadri of Diaspora Co. and Katya Eckert of A Domani return to "CBS Mornings" to discuss how changing tariffs are affecting their spice and sleepwear companies, and what it means for the future of small business.
More than 1,000 arrested in France as protestors and police clash
Iran has "increased efforts to target U.S. personnel," intel chief warns
Ukraine says Starlink speed restored after long disruption
Live
Iran says U.S. military not allowed in Gulf "under any circumstance"
ICE crackdown prompts some Texas Latinos to turn away from Trump
DOJ sues to block Alaska Senate certification if Sullivan loses
Rubio calls on Cubans seeking "positive change" to work with CIA
President Trump, first lady vote early in person in Florida
