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In a policy meeting yesterday, Federal Reserve Chair Janet Yellen said the unemployment rate would drop to 6 percent, which prompted a rally in the markets. Also, Amazon unveils its new smartphone; Jill Wagner reports on the day's top financial stories.
Speaking to reporters in her second formal news conference as head of the Federal Reserve, Janet Yellen downplayed the recent uptick in inflation, saying prices are rising in line with the central bank's 2014 projections.
Employers added 217,000 jobs in May, holding the unemployment rate steady at 6.3 percent. Joe Deaux, economics analyst for thestreet.com, joins “CBS This Morning: Saturday” to explain why economists aren’t happy.
The nation’s unemployment rate sits at 6.3 percent, just a tenth of a percent below the pre-recession peak. While the number of those out of work more than six months has dropped by more than 900,000 in the past year, the ranks remain bloated at 3.5 million. Jill Schlesinger reports.
Electronics retailer Best Buy says its cost cutting efforts helped the company post a profit of $461 million in the first three months of the year, compared to a loss during the same period in 2013. Jill Wagner has that story and more MoneyWatch headlines.
The unemployment rate is down in nearly all of the states. Analysts say that's a sign of widespread improvement in the nation's job market. Jericka Duncan has that story and more MoneyWatch headlines.
GM has added five recalls to its lengthy list, pushing the total number of recalled vehicles to more than 11 million this year alone. GM says they'll be recalling another 2.7 million cars and trucks to fix problems with brake lights, headlamps and power breaks. Jill Wagner has that story and more MoneyWatch headlines.
Fast food workers are taking their fight for higher pay global. Workers from dozens of countries on six continents are expected to strike on May 15. They’re demanding pay of $15 an hour. Jill Wagner has that story and more MoneyWatch headlines.
Employers added 288,000 jobs in April, bringing the unemployment rate down to 6.3 percent. CBS News contributor and analyst Mellody Hobson joins “CBS This Morning: Saturday” to discuss what this means for the economy.
The economy added a 288,000 jobs in April, the Labor Department said Friday. That is much more than economists had expected. The unemployment rate plunged to 6.3 percent, the lowest level since 2008. Jill Wagner has that story and more MoneyWatch headlines.
Ford announced that CEO Alan Mulally is retiring July 1st. Mulally, who is credited with saving the company from financial ruin, will be replaced by COO Mark Fields. Jill Wagner has that story and more MoneyWatch headlines.
President Barack Obama speaks with Major Garrett about the $600 million in grants for job training he announced Wednesday in Pennsylvania. The president said training for specific jobs, combined with apprenticeships and partnerships between the public and private sectors, will reduce unemployment and boost career advancement.
CBSNews.com Executive Washington Editor Steve Chaggaris talks with RealClearPolitics Political Reporter Caitlin Huey-Burns about the GOP's opposition to extending unemployment benefits and how it could impact the 2014 elections.
Women in the U.S. have lost more than five million jobs over the past year, including a travel consultant from Chicago who was laid off when travel was grounded last year. Caroline Fairchild, Editor-at-Large for LinkedIn News, joins “CBS This Morning” to give advice to women looking to get back into the workforce.
New legislation passed the Senate, but faces stiff opposition in the House. Plus, a look at Equal Pay Day and a new battery pack that can charge your phone in 30 seconds on today's MoneyWatch report.
At a recent job fair in New York City, employers were looking to hire veterans, who lag behind the general population when it comes to employment. Many of the employers at the fair say veterans have useful skills that make them valuable employees. Alexis Christoforous reports.
The U.S. added 192,000 new jobs for the month March, finally regaining jobs lost in the Great Recession. Private sector jobs are now at a record high of 116 million. But could that be reason to celebrate? CBS News business analyst Jill Schlesinger explains what these numbers could mean for the job market.
The IRS has extended the filing deadline, but has yet to issue rules for workers who received unemployment benefits.
The Labor Department says the U.S. job market added 192,000 jobs for the month of March, leaving the national unemployment rate unchanged at 6.7 percent. CBS News contributor and analyst Mellody Hobson joins "CBS This Morning: Saturday" for a discussion of what this means.
The U.S. economy has regained all the private sector jobs it lost in the Great Recession. The latest unemployment rate remained unchanged, sitting at 6.7 percent, but as Anthony Mason reports, millions of Americans have been forced to work part time.
New government figures show the job market is bouncing back as the country added 192,000 positions in March. The unemployment rate stayed the same, at 6.7 percent. Charlie Rose reports.
Over 1 million Americans filed for first-time unemployment benefits as pandemic continues to hinder labor market.
This week's jobs report shows a jump in new unemployment claims after several months of decline. Bankrate senior economic analyst Mark Hamrick joins CBSN to explain the latest spike and how President Biden's stimulus package may reverse the trend.
House Minority Leader Nancy Pelosi, D-Calif., contrasts the bipartisan deal in the Senate on extending unemployment benefits with the continued opposition from House Republicans.
According to the research firm SNL Kagan, the number of Americans who pay for TV through cable, satellite or fiber fell by more than a quarter of a million last year. Jill Wagner has that story and more MoneyWatch headlines.
Israel says it killed Iran's top security official Ali Larijani, as America's European allies reject Trump's demands for help in the Strait of Hormuz.
The subpoena issued by GOP Rep. James Comer of Kentucky requires Bondi to appear for a deposition on April 14.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
The Illinois primary election for 2026 is today, March 17, with races for governor, U.S. Senate and U.S. House up for grabs. Get live updates and results from the polls.
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
President Trump has slammed the Supreme Court justices who voted to strike down most of his tariffs, claiming they "openly disrespect the Presidents who nominate them."
The Senate is voting on beginning a marathon debate on the SAVE America Act, an elections bill that President Trump has been pressing Republicans to pass.
A bitter Democratic primary is unfolding in Maine as Gov. Janet Mills and Graham Platner battle for the chance to challenge GOP Sen. Susan Collins — pitting a governor with a long political resume against an anti-establishment oyster farmer.
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO.
Amazon is speeding deliveries, putting pressure on other retailers. Here's where 1- and 3-hour delivery options are available and how much the service costs.
President Trump has slammed the Supreme Court justices who voted to strike down most of his tariffs, claiming they "openly disrespect the Presidents who nominate them."
AI and other technologies can help you manage your financial life. But don't rely exclusively on such tools for money matters.
Spring break "takeovers," which are massive gatherings organized on social media, are overwhelming some top destinations and posing dangers.
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
Amazon is speeding deliveries, putting pressure on other retailers. Here's where 1- and 3-hour delivery options are available and how much the service costs.
AI and other technologies can help you manage your financial life. But don't rely exclusively on such tools for money matters.
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
Rising diesel prices could push up costs across the U.S. economy, as many goods move by diesel-powered trucks.
Hopping on the property train earlier in life can significantly increase your wealth, a recent study found. Here's how much.
The Defense Department inspector general found Major General Antonio Aguto in separate incidents improperly handled classified documents and engaged in the "overindulgence of alcohol."
President Trump has slammed the Supreme Court justices who voted to strike down most of his tariffs, claiming they "openly disrespect the Presidents who nominate them."
The subpoena issued by GOP Rep. James Comer of Kentucky requires Bondi to appear for a deposition on April 14.
The Illinois primary election for 2026 is today, March 17, with races for governor, U.S. Senate and U.S. House up for grabs. Get live updates and results from the polls.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
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.
Shigeaki Mori was 8 years old when he survived the Aug. 6, 1945 U.S. attack, only one and a half miles away from the blast.
Despite Trump's repeated calls, the EU foreign policy chief says "nobody is ready to put their people in harm's way in the Strait of Hormuz."
Ali Larijani was among the most senior leaders of the regime still alive in Iran after top leaders were killed at the start of the war.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
Sebastian Marset, who eluded police for years, was captured in Bolivia last week and transferred to U.S. custody.
Melissa Etheridge speaks with "CBS Mornings" about releasing her 17th studio album "Rise" later this month, writing about the loss of her son and grief.
Kristin Cabot, the woman from the viral Coldplay "kiss cam" video, spoke in an exclusive interview with Oprah Winfrey about the backlash she received from that moment and how it differed from comments made about her boss Andy Byron, the CEO of their company.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.
The 2026 Academy Awards were held in Los Angeles on Sunday. Entertainment Tonight host Kevin Frazier breaks down the winners and the biggest upsets.
A verdict could come as soon as Tuesday in the landmark trial against Meta and Google for allegedly fueling social media addictions. CBS News contributor Jessica Levinson has more.
A constant battle in the U.S. health care system is the fight between insurers and providers over the cost of medical procedures and who foots the bill. Both sides are turning to artificial intelligence to make their case. CBS News medical contributor Dr. Céline Gounder explains.
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.
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.
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
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.
Kouri Richins, the Utah mom accused of killing her husband and later writing a children's book about grief, was found guilty on all charges Monday, including aggravated murder. Her sentencing is now set for May and she faces the possibility of life in prison.
Sebastian Marset, who eluded police for years, was captured in Bolivia last week and transferred to U.S. custody.
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
A jury on Monday found Kouri Richins, a Utah mom who wrote about grief, guilty of murder in the fatal poisoning of her husband. CBS News reporter Andres Gutierrez has more.
Jurors delivered their verdict Monday in the trial of Kouri Richins, a Utah mother accused of murdering her husband and later publishing a children's book about grief.
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
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.
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.
President Trump said Tuesday that he's "disappointed in NATO" as he pushes for the alliance to help reopen the Strait of Hormuz. CBS News White House reporter Olivia Rinaldi has more.
President Trump announced Monday that White House chief of staff Susie Wiles was diagnosed with early-stage breast cancer. Andy Card, who was White House chief of staff for former President George W. Bush, joins CBS News with more.
A verdict could come as soon as Tuesday in the landmark trial against Meta and Google for allegedly fueling social media addictions. CBS News contributor Jessica Levinson has more.
President Trump reiterated his frustration with NATO allies on Tuesday while speaking to reporters in the Oval Office with Ireland's leader, Micheál Martin. CBS News' Olivia Rinaldi has more.
Illinois is holding primary elections on Tuesday that will help determine who will fill retiring Sen. Dick Durbin's seat. CBS News' Aaron Navarro has more.