Fed Chair Powell faces delicate balancing act in Jackson Hole speech
Jerome Powell will address the state of the U.S. economy — and perhaps offer hints about interest rates — in a closely watched speech on Friday.
Walmart recalls Great Value shrimp after FDA warns of radioactive risk
Some packages of Great Value frozen shrimp sold at Walmart are at risk for potential for Cesium-137 contamination, the FDA says.
S&P reaffirms the U.S. credit rating, citing higher tariff revenue
S&P said it is maintaining the AA+ rating on the U.S. as it expects tariff revenue will shore up the nation's finances.
Many U.S. jobs are falling further behind inflation, study finds
Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
MSNBC to change its name to MS NOW and drop the peacock logo
The cable news channel is getting a new name and dropping NBC's peacock logo as part of a spinoff from NBC Universal.
Kodak warns it might not continue in business. Here's why.
Kodak says it might not be able to meet its debt obligations, raising "substantial doubt" about its ability to continue business.
Trump's BLS nominee Antoni suggests suspending monthly jobs report
E.J. Antoni, an economist nominated by President Trump to lead the Bureau of Labor Statistics, said the jobs report is flawed.
What to know about Trump's push to open 401(k) to crypto and private equity
President Trump signed an executive order that he says will democratize alternative investments for workers saving for retirement.
Trump claims banks discriminate against conservatives through debanking
President Trump said two major banks turned down his business. Here's why conservatives are concerned with so-called debanking.
The labor market just hit a wall. Here's what it means for the economy.
Friday's unexpectedly weak jobs report signals that some sectors are cutting back on hiring amid economic uncertainty.
Americans could soon see higher costs from tariffs, Fed's Hammack says
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
Trump fires labor statistics chief after disappointing job numbers
President Trump said he ordered his administration to fire Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report.
Student loan interest for millions resumes on Aug. 1. Here's what to know.
Millions of borrowers in forbearance through the SAVE plan will see interest start accruing on Friday. Here's what to know.
Trump says he's extended the tariff deadline for Mexico by 90 days
President Trump said he is giving more time to Mexico to strike a trade deal ahead of his Aug. 1 tariff deadline.
Federal Reserve holds its benchmark rate steady at today's FOMC meeting
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.