UAW members reject tentative contract deal with Mack Trucks
The United Auto Workers union says members at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday.
The United Auto Workers union says members at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday.
During President Biden's remarks today on the September jobs market, he took questions on why sentiments among Americans about the economy may not reflect what the strength this month's data yields. Biden also announced more American jobs in manufacturing. CBS News chief White House correspondent Nancy Cordes has more.
Businesses are still hiring at a high rate as consumer spending remains robust. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News with some of the indicators of where the economy is headed next.
The September jobs report showed that the U.S. economy created 336,000 jobs last month -- a sign that the job market remained strong despite challenges with inflation. Jeanna Smialek, a Federal Reserve and U.S. economy reporter at The New York Times, has more.
Bosses across America's biggest cities are still struggling to get workers back into the office. Andrew Keshner, a MarketWatch reporter, joins CBS News with some reasons why the hybrid model continues to prevail after the pandemic.
Kamila Elliot, a certified financial planner, shares advice on how employees can best contribute to their retirement savings decades before exiting the workforce.
People across the country remain "deeply dissatisfied" with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on why consumers remain angry.
A bipartisan delegation of U.S. senators will travel to China next week. The visit comes amid a time of persistent disagreement over policies concerning Taiwan, the South China Sea and what the U.S. calls genocide of the country's Uyghur population. Patrick Cronin, Asia-Pacific security chair at the Hudson Institute, joins CBS News to discuss what's at stake for the visit.
Tens of millions of Americans are expected to resume paying student loans after a three-year pandemic-era pause. CBS News correspondent Carter Evans has more. Plus, Politico education reporter Michael Stratford explains how the Biden administration is attempting to ease the burden for borrowers.
As the U.S. economy sees increased inflation and interest rates, many young adults are finding themselves sinking deeper into debt. Catey Hill, managing editor for MarketWatch Picks, joined CBS News to discuss how accumulating debt could have a long-term effect on Gen-Z Americans.
Wall Street index futures kicked off October on a high note after lawmakers averted a government shutdown. Investors will wait to hear from Federal Reserve Chair Jerome Powell on Monday for more on the central bank's interest-rate path. CBS News contributor Javier David, managing editor for business and markets at Axios, has more.
The typical American cannot afford to buy a home in a growing number of communities across the nation under common lending standards, according to a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average earner, who makes $71,214 a year, according to ATTOM.
The average interest rate on a credit card in November 2021 was 16.4%. As of September, the average credit card interest rate is nearly 24.5%. Javier David, managing editor at Axios, joined CBS News to discuss other ways rising interest rates are putting pressure on Americans.
The U.S. Real GDP increased at an annual rate of 2.1% for the second quarter of 2023, according to a revised report released Thursday by the Bureau of Economic Analysis. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the numbers.
Americans were able to save more money during the pandemic because they were spending less due to lockdown restrictions, but new data from the Federal Reserve shows that excess money has now run out for most people. Alex Tanzi, a senior editor for the U.S. economy team at Bloomberg, joined CBS News to discuss how the rich have gotten richer and everyone else has, at best, what they had before the coronavirus pandemic.
Ukrainian forces have been making slight gains in their counteroffensive against Russia. But as "The Economist" reports -- this plan may only be a short-term solution in a long-term conflict. Zanny Minton Beddoes, editor-in-chief of The Economist, joins CBS News to discuss her recent trip to the war-torn country -- and her conversation with Ukrainian President Volodymyr Zelenskyy.
While jobless claims are at an eight-month low, unemployment rates vary across the U.S. Since last year, the unemployment rate in 18 states has fallen by half a percentage point or more. But three states, plus Washington, D.C., have seen claims rise. Al Root, senior writer for Barron's, joined CBS News to discuss the job market.
Roughly 45% of Americans ages 18 to 29 are living at home with their families — the highest level in 70 years, new data shows.
The Bank of England followed the U.S. Federal Reserve's lead Thursday, leaving interest rates unchanged for the first time in nearly two years, but the U.K.'s rate remains at a 15-year high of 5.25%. Martin Baccardax, senior editor and chief markets correspondent for financial news website TheStreet, joins CBS News to talk about the pause in rate hikes.
A recent CBS News poll finds that 65% of voters disapprove of the way President Biden is handling the economy compared to just 35% who approve, with lack of home affordability likely factoring into those numbers. Middle-income households, or those with annual earnings of up to $75,000, can afford only 23% of the homes listed for sale in the U.S., according to data posted over the summer from the National Association of Realtors. Mark Niquette, economy and politics reporter for Bloomberg News, joined CBS News to discuss the home-buying situation.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the Federal Reserve's decision to hold interest rates steady this month. She also addresses the United Auto Workers union strike and how it it might impact the economy.
With mortgage rates hovering above 7% for five straight weeks, prospective buyers are facing a housing shortage as would-be sellers seek to keep their low, locked-in rates. Nancy Chen has details.
The Federal Reserve left interest rates unchanged in its September meeting in spite of inflation accelerating in August and remaining above the central bank's target rate. CBS News business analyst Jill Schlesinger and CBS News senior White House and political correspondent Ed O'Keefe have the latest.
The Federal Reserve is expected to announce its decision on another possible interest rate hike Wednesday afternoon. Jeanna Smialek, a Federal Reserve and economics reporter for The New York Times, joined CBS News to discuss the chances of a rate increase.
1,300 members of the United Auto Workers union are on strike across three production plants and more could follow. Seth Harris, former top labor official in the Biden and Obama administrations, joins CBS News to unpack the historic autoworkers strike.
Israel says it's "taking more time" than expected to fend off an unprecedented attack by Hamas, as airstrikes and gun battles continued for a third day.
Defense Secretary Austin said Sunday that he has ordered American military ships to move closer to Israel after Hamas' unprecedented attack.
Gen. Mark Milley looked back at his years as chairman of the Joint Chiefs of Staff, including the differences he had with President Trump that nearly caused him to resign.
Several Republican candidates criticized President Biden for a recent prisoner swap with Iran.
As families search for loved ones missing after Hamas' raid on Israel a former Israeli commander says the group has crossed "point of no return."
So far, eight candidates will be listed on the U.S. Virgin Islands ballot. Former Vice President Mike Pence is not yet on the islands' ballot.
"I am going to be supporting Jim Jordan for speaker," Rep. Nancy Mace said after voting to oust former House Speaker Kevin McCarthy from the role.
Geoffrey Hinton believes artificial intelligence will do enormous good but also could do enormous harm.
The United Auto Workers union says members at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday.
School nurses treat kids for a wide range of illnesses and injuries, and are sometimes their only health provider. Yet many states don't require them, and school districts struggle to hire them.
So far, eight candidates will be listed on the U.S. Virgin Islands ballot. Former Vice President Mike Pence is not yet on the islands' ballot.
The United Auto Workers union says members at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday.
Several Republican candidates criticized President Biden for a recent prisoner swap with Iran.
On this "Face the Nation" broadcast, U.S. Secretary of State Antony Blinken and Rep. Nancy Mace, Republican of South Carolina, join Margaret Brennan.
The United Auto Workers union says members at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday.
One retiree told CBS News he fell for an online scam that cost him almost $800,000. And then the IRS said he owed $200,000 because the money was taken from a retirement account.
That figure is only a fraction of the actual harm, as most cases of fraud go unreported, according to FTC scam data analysis.
Union coalition leading the three-day walkout said employees may strike again later this year unless health care giant addresses their concerns.
UAW President Shawn Fain said striking autoworkers are "winning" by securing key concessions from Ford, GM and Stellantis.
So far, eight candidates will be listed on the U.S. Virgin Islands ballot. Former Vice President Mike Pence is not yet on the islands' ballot.
Several Republican candidates criticized President Biden for a recent prisoner swap with Iran.
On this "Face the Nation" broadcast, U.S. Secretary of State Antony Blinken and Rep. Nancy Mace, Republican of South Carolina, join Margaret Brennan.
Places like Chicago and New York City have struggled to meet the needs of a historic influx of asylum seekers arriving in sanctuary cities.
Sen. Cory Booker and his staff were in Jerusalem when Hamas began carrying out its large-scale offensive against Israel "and sheltered in place for their safety," his office said.
School nurses treat kids for a wide range of illnesses and injuries, and are sometimes their only health provider. Yet many states don't require them, and school districts struggle to hire them.
Union coalition leading the three-day walkout said employees may strike again later this year unless health care giant addresses their concerns.
Researchers found that people with acute respiratory infections who tested negative for COVID-19 could still experience long-term symptoms including coughing, stomach pain and diarrhea.
Harris County Judge Lina Hidalgo returned to work this week after a nine-week leave of absence. She told CBS News she is feeling "better than ever."
Lina Hidalgo, who leads one of the most populated areas of the country, which includes Houston, stunned constituents over the summer when she took leave to seek treatment for clinical depression. First on "CBS Mornings," Hidalgo opens up to CBS News senior White House and political correspondent Ed O'Keefe about what led to her leave and how she hopes to help others.
Israel says it's "taking more time" than expected to fend off an unprecedented attack by Hamas, as airstrikes and gun battles continued for a third day.
Several Republican candidates criticized President Biden for a recent prisoner swap with Iran.
Defense Secretary Austin said Sunday that he has ordered American military ships to move closer to Israel after Hamas' unprecedented attack.
Sen. Cory Booker and his staff were in Jerusalem when Hamas began carrying out its large-scale offensive against Israel "and sheltered in place for their safety," his office said.
As families search for loved ones missing after Hamas' raid on Israel a former Israeli commander says the group has crossed "point of no return."
Sofia Coppola's intimate portrait of the romance, marriage and breakup of Priscilla and Elvis Presley is one of the top offerings of this year's festival. Read reviews of this and other highlights.
The music legend who invented his own kind of funky hybrid of rock 'n' roll and R&B with his '60s group Sly and the Family Stone has just penned a memoir, "Thank You (Falettinme Be Mice Elf Agin)."
Created by P.T. Barnum in 1871 and named "The Greatest Show on Earth," Ringling Bros. and Barnum & Bailey Circus shut down in 2017. But now this American institution is being reimagined for a new age, and is relaunching with a two-year tour, featuring aerial acts, a new take on clowns, and no animals (except for a robot dog named Bailey). Correspondent Martha Teichner reports on how the circus is catapulting into the future.
"Sunday Morning" remembers some of the notable figures who left us this week, including Chicago Bears legend Dick Butkus.
While skirts have hemmed women into traditional notions of femininity, a skirt's length, style and fabric – dangling from the waist with few restrictions – can also connote freedom, wealth and agency.
An Arizona company uses high-altitude helium balloons to collect data and images from the stratosphere. But the company also has aspirations to send up not just tools, but humans, too. Mark Strassman has details.
Online scammers known as "phantom hackers" who operate as fake tech support specialists are targeting older adults, sometimes bilking them out of hundreds of thousands of dollars. One Navy veteran lost $800,000 to such a scam. Jeff Pegues has his story.
Apple on Wednesday released a software update designed to address reports that the new iPhone 15 experiences overheating. Apple had said the overheating issue was possibly linked to the use of certain apps, including Uber and Instagram.
Billions of dollars in electric vehicle battery investments have created an estimated 70,000 manufacturing jobs. The growth is concentrated in what is now known as the "Battery Belt."
FEMA and the FCC launched a nationwide test of the emergency alert system on Wednesday.
The MacArthur Foundation named the winners of its 2023 "genius grants" this week. Arizona State University anthropologist Amber Wutich, who received a grant for her research into water insecurity, joins CBS News to discuss the impact of access to safe and clean drinking water.
It was previously believed humans existed in North America somewhere between 13,500 and 16,000 years ago, but these footprints are much older.
Scientists have warned for decades that India's Himalayan glacial lakes are disasters waiting to happen. Climate change means they aren't waiting any more.
Officials in India say at least 10 people are dead and 102 missing after a flash flood triggered by a swollen glacial lake bursting its banks.
The discovery of 35 gold pieces marks at least the third discovery of ancient treasures in the country in recent weeks.
Nicki Lenway was no stranger to violence -- the 33-year old worked crime scenes for the Minneapolis Police Department. But she never imagined she'd find herself fighting for her life after being gunned down in a parking lot.
Authorities are searching for a suspect who fatally shot a 77-year-old woman on a trail in Castleton, Vermont. The victim, Honoree Fleming, was a retired Vermont State University dean.
A crime scene investigator survives after being gunned down in broad daylight. The harrowing scene is captured on surveillance video. Who pulled the trigger? See how investigators followed a digital evidence trail to solve the case.
Police believe the stabbing may have been gang-related.
A judge has denied former President Donald Trump's request to halt his civil fraud trial. CBS News legal contributor Rebecca Roiphe unpacks the case.
Amazon plans to launch more than 3,000 internet relay satellites, competing with SpaceX and others in a fast-growing marketplace.
Virgin's Unity rocketplane completed its ninth piloted trip to space and its fourth with paying customers aboard.
The Perseverance rover was near Mars' Jezero Crater when it spotted the towering dust devil.
A rare "ring of fire" solar eclipse will move across the U.S. on Oct. 14. NASA shared a viewing map and timeline.
NASA's new asteroid probe, Psyche, is on track for launching Oct. 12 after a weeklong delay for additional tests.
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Inside South Carolina's "trial of the century" — how investigators built their case
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
What Angelina Fernandes saw the night her mother was accused of murder.
How prosecutors made the case that the Wisconsin man killed his parents Bart and Krista Halderson in July 2021.
Gen. Mark Milley looked back at his years as chairman of the Joint Chiefs of Staff, including the differences he had with President Trump that nearly caused him to resign.
Rich Paul honed his dealmaking instincts winning dice games as a kid. Today, he’s negotiated more than $4 billion in deals for his clients.
A Texas company — driven by a mission to create faster, better and more affordable housing — is 3D printing homes. It’s also working with NASA to 3D print on the Moon. Lesley Stahl reports.
There’s no guaranteed path to safety as artificial intelligence advances, Geoffrey Hinton, AI pioneer, warns. He shares his thoughts on AI’s benefits and dangers with Scott Pelley.
First, Geoffrey Hinton on promise, risks of AI. Then, Gen. Mark Milley: The 60 Minutes Interview. Next, Rich Paul: The 60 Minutes Interview. And, 3D printing homes on Earth, someday the moon.