Producer prices shot up 6%, adding to pressure on companies to raise prices for customers
Business

Producer prices shot up 6%, adding to pressure on companies to raise prices for customers

Numbers were much higher than economists expected and alters the dynamic at the Federal Reserve's fight against inflation

US consumer prices jump as Iran war sends energy prices rapidly higher
Business

US consumer prices jump as Iran war sends energy prices rapidly higher

"Gas is up 28.4% from a year ago, and one area that bears watching is electricity," says CBS' Jill Schlesinger

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April
Business

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

Underlying numbers show a more complicated situation, however: "What really happened was that people kind of stopped looking for work"

inflation
Business

US producer prices rose by a surprisingly hot 3.4% last month, the most in a year

Food prices rose 2.4% from January, led by a 49% surge in vegetable prices and a 10% increase in fruit prices

Supreme Court strikes down Trump's worldwide import taxes but the president still has other tariff options
National

Supreme Court strikes down Trump's worldwide import taxes but the president still has other tariff options

“I am pretty convinced he could rebuild the tariff landscape he has now using other authorities"
by Paul Wiseman
Supreme Court strikes down Trump's worldwide import taxes but the president still has other tariff options
National

Supreme Court strikes down Trump's worldwide import taxes but the president still has other tariff options

“I am pretty convinced he could rebuild the tariff landscape he has now using other authorities"
by Paul Wiseman
New data shows the US job market was much weaker than thought in 2024, and this year as well
National

New data shows the US job market was much weaker than thought in 2024, and this year as well

"There's a cool breeze blowing over the labor market and it is probably going to persist," says Jill Schlesinger
by Paul Wiseman, Lindsey Peterson
New data shows the US job market was much weaker than thought in 2024, and this year as well
Business

New data shows the US job market was much weaker than thought in 2024, and this year as well

"There's a cool breeze blowing over the labor market and it is probably going to persist," says Jill Schlesinger
by Paul Wiseman, Lindsey Peterson