ECONOMY

Amid rising housing costs and relentless inflation, an increasing number of Texans are struggling to pay their rent and stay in their homes.

According to the latest data from the U.S. Department of Housing and Urban Development, San Antonio's median family income has reached $83,500, a 13% spike over last year’s median of $74,100

An affordable housing community on the Northeast Side, which broke ground in 2020 and held its ribbon cutting last month, is already 99% leased, as San Antonio scrambles to bring affordably priced units online.

Initial plans to rehabilitate the historic Spaghetti Warehouse building at 1226 E. Houston St. may be hitting a snag as the developer contends with the realities of the current economy.

Eager to bring new jobs to their towns and boost their tax base, rural Texas counties are courting companies that produce cryptocurrencies.

The report shows the number of employed Texans remained virtually unchanged from July to August, while unemployment ticked up slightly.

Texas agencies say they are being hammered by a historic staffing crisis, particularly when it comes to those in the trenches serving the state’s most vulnerable populations.

It has been nearly six months since the trucker-blockade at the Pharr-Reynosa International Bridge in response to Governor Greg Abbott’s additional inspections. Alicia Barrera is back in the Rio Grande Valley to see what's changed since the order was lifted.

The stress of inflation might make you want to grab a cold one, but unfortunately your favorite brew is being affected too. A local San Antonio brewery breaks down what hurdles the beer industry is dealing with.

Mobile homes are a vital source of affordable housing for around 2 million Texans. But as Texas cities grow, many mobile home parks are being closed and redeveloped, pushing out longtime residents.

Local governments in Texas have spent the summer preparing their budgets for next year, wrestling with inflation and a law that prohibits them from raising property tax revenues beyond 3.5% without voter approval.

For months, 12 On Your Side has been tracking prices on the same 48 items purchased online for curbside pickup from the same northside grocery store

Prefabricated modular homes may soon be on the rise in San Antonio thanks in part to a proposed change to the city’s development code.

While businesses across the country navigate a rocky economy, inflating prices, and rising interest rates, the effects have trickled down to shoppers’ wallets at the checkout. Grow Disrupt CEO Stephanie Scheller discusses tips for businesses that are struggling or that want to get ahead of rough times.

If railroad companies and workers can’t resolve their dispute by Thursday night, the country could see its first railroad strike in 30 years.

There has been a lot of discussion around the economy, interest rates, and jobs, but what impact do we see here in our community?

Over the course of the pandemic, nine San Antonio ZIP codes became prohibitively expensive for median income households.

Thursday, Sept. 1 is Circle K Fuel Day and that means drivers can save up to 40 cents per gallon.

Texas had more houses on the market in July than any time since late 2020 as home sales declined in the state’s major metros. Sellers have had to cut prices to entice buyers.

The minimum wage in Travis County will soon be $20 an hour.

Cotton is Texas’ largest crop, and industry experts say they expect just half the normal annual yield — which will drive up costs for consumers.

If VIA approves the development plans, they could be underway by the fourth quarter of 2023, and could be complete within 18 months.

New government data shows economic growth shrank at a 0.6% annual rate in the second quarter — less than initially thought.

People earning $125,000 or less will see $10,000 eliminated from their student loan debt. People in that group who received federal Pell Grants will see $20,000 in debt eliminated, a move intended to help low-income borrowers.

One portion of the house has the original basketball court and bleachers, while another portion was renovated into elements of what typical homes have, such as a kitchen, bathroom and bedrooms.

Every caregiver knows the costs associated with raising a child are high but a new report from the Wall Street Journal states that the cost is at a four-decade high.

In a new article, The Washington Post breaks down how the U.S. knew Russia would invade Ukraine, and began to prepare the country to go to war. Washington Post national security reporter Karen DeYoung joins CBS News to discuss.

Recent surges in pricing are contributing to a slowdown in the pace and competitiveness of home sales in the San Antonio region, and developers are responding in kind.

The unemployment rate dipped to 3.5%, tying a 50-year low reached just before the coronavirus pandemic slammed the U.S. economy in early 2020.

For nine consecutive weeks, prices have tumbled. The average price in San Antonio on Tuesday was $3.36 per gallon, according to GasBuddy.com.

The bill would invest billions into issues acutely impacting Texas, including climate change and health care, and is the result of months of intraparty fighting between moderates and progressives.

Lawmakers let the program, known as Chapter 313, expire at the end of this year after the Senate declined to consider a bill extending it. It was the first time in its 20-year history that legislators decided not to renew the program.

Time will tell if the trend will continue as school starts and the fall approaches.

The federal environment agency says it will continue flyovers of the Permian Basin in Texas and New Mexico until Aug. 15 using infrared cameras to survey oil and gas operations.

The Great Lakes might be home to the world’s most abundant supply of freshwater whitefish, and to many, that treat tastes even better when it is smoked to give it even more flavor.

Gas prices are steadily falling after hitting record highs earlier this year and Texans are enjoying the lowest gas prices in the country.

The Las Vegas Valley saw widespread flooding after severe thunderstorms, leaving multiple casinos on the Las Vegas Strip with water damage.

The highest level of inflation in decades has people across San Antonio and the country worried about the decreasing power of their paychecks, but the Federal Reserve’s series of interest rate hikes will affect you, too. KSAT talks with the experts about how.

Four corporate landlords, including Dallas-based Invitation Homes, tried to evict thousands of tenants during a federal ban on evictions, according to an investigation by a congressional subcommittee.

In spite of strong support among Texas GOP leaders, nearly all Texas House Republicans voted against the bill intended to boost the state’s semiconductor industry.

There are still mounting concerns about the U.S. economy's resilience. Inflation is at 40-year highs, home sales are weakening and even the-red hot labor market is beginning to show cracks.

Federal Reserve Chairman Jerome Powell said on Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. "This is a very strong labor market....it doesn't make sense that the economy would be in a recession with this kind of thing happening." Investors are fearing the Fed's hiking campaign may tip the economy into a recession. The gross domestic product reading for the second quarter is due on Thursday with economists expecting the economy to have barely expanded following a 1.6% contraction in the first quarter. Many on Wall Street refer to two consecutive negative quarters as a recession, but the official definition takes into account more factors than just GDP.

Heat-related emergency calls have spiked amid historic heat. Cooling centers are available in major cities but often close in the late afternoon — during the hottest parts of the day.

As companies like Samsung and Texas Instruments expand their operations in the state, Gov. Greg Abbott and other state leaders are backing federal efforts to grow the industry.

Texas has not been immune to rising inflation costs and shrinking product sizes but how exactly is it affecting us locally?

San Antonio veteran uses VA loan to purchase home for her Gold Star family.

"Rebooting" the UK's "brittle" economy would be Labour's main focus, its leader will say.

A large majority of people in the San Antonio area say the rise in inflation is affecting their daily life and spending behaviors, according to a new Google survey.

Texas ranked fifth best state for business in CNBC’s Americas Top States for Business 2022 study.

At $1,209 per month, San Antonio’s average rental price is 12% more expensive than it was at the end of Q2 last year, according to the report.

Cryptocurrency mining requires huge amounts of electricity, prompting concerns over the industry’s environmental impact — and whether the state’s grid can keep up.

Inflation has risen to 9.1% over the past year, according to Bureau of Labor Statistics.

Name a product, and somehow cherries have found their way into them when visiting the Cherry Republic, a group of stores in Michigan.

June's big payroll jump helped clear away some of those recession clouds for a U.S. economy that nonetheless faces some stormy weather ahead.

Tucked along the Little Traverse Bay in Northern Michigan, Petoskey is a hotspot in the summer for tourists with its scenic water views, boating and other water activities.

The cost of electricity in Texas is tightly tied to the price of natural gas, which has more than doubled since Russia invaded Ukraine in late February.

Of Texas’ 254 counties, 27 no longer have a newspaper. Loss of local news coverage has been associated with higher levels of mistrust, misinformation and malfeasance. Only California and New Jersey have lost more newspaper journalists, relative to population.

For nearly two years, the U.S. economy has notched blockbuster gains, with millions of new jobs and wage hikes adding to the streak of good news. But now economists are bracing for a cool-down.

The economy contracted by 0.3% in April after it shrank by 0.1% in March, official figures show.

The global economy may be headed for years of weak growth and rising prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the World Bank warned.

During an uncertain period for the U.S. economy, The Washington Post is producing a series of animated guides examining several important trends, including persistent inflation and soaring gas prices.

Alan Blinder, former Federal Reserve vice chair, thinks that it's likely the U.S. will fall into a recession next year.

Sterling hit a two-year low versus the U.S. dollar following the GDP data as traders digested growing uncertainty about the U.K.'s economic outlook.

An EU ban on oil and gas from Russia would limit its ability to fight in Ukraine, Sergeii Marchenko says.

China on Monday posted better-than-expected GDP growth in the first quarter, though retail sales for March slumped amid ongoing Covid lockdowns on the mainland.

Though the economy may be the focus of November’s congressional elections, other divisive topics -- some new, some perennial -- will also vie for attention from voters. These so-called wedge issues are being fanned mostly by Republicans, who see little downside in taking on polarizing issues that might motivate conservative voters. The Supreme Court, with six of its nine seats filled by conservative justices appointed by Republicans, seems poised to stir things up even further with upcoming deci

Elizabeth Economy looks closely at Xi Jinping's push to make China the center of the world.

Economic activity jumped by 6.9% in the last three months of last year, beating forecasts.

The German economy grew by 2.7% in 2021, despite another year of surging Covid-19 cases, pandemic-related restrictions and supply chain pressures.

Prices rose 6.8% in the year to November with the cost of fuel, used cars and food rising fastest.

A large Russian island north of Japan will be a testing ground for Moscow’s efforts to reconcile its prized fossil fuel industry with the need to do something about climate change

October's job creation was strong in almost every sector, as hiring across industries helped the broader U.S. economy rebound from a late-summer lull.

Can free flights and rent lure the foreign workers back to Australia who quit when Covid arrived?

Yes, growth was weaker than forecast in the third quarter, but the latest GDP report also shows that the softness is temporary.

The Taliban's hold over the country is not in dispute but it is facing challenges from women against its extreme version of sharia law and guerrilla fighters in Afghanistan's north.

Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy has been permanently changed by the COVID pandemic and it is important that the central bank adapt to those changes. “We're not simply going back to the economy that we had before the pandemic,” Powell said at a Fed virtual town hall for educators and students. Powell said that, while it is not yet clear if the delta variant of COVID will have further impact on the economy, the country has already seen significant changes since the pandemic began shutting the country down in March 2020.

Economy expected to grow by 7.25% in 2021 as lockdown restrictions are eased, says Bank of England.

The economy rose 6.4% in the first quarter.

The economy rose 6.4% in the first quarter.

The U.S. recovery likely found its rhythm in the first three months of 2021, according to early forecasts of data to be released by the Bureau of Economic Analysis this morning. It appears likely all Covid-19-era losses will be recovered by the middle of this year.

CNBC's Jim Cramer on Monday advised that retail investors ignore talk of a potential market top with the economy in recovery mode.

Pedestrians walk outside the New York Stock Exchange in the U.S. The U.S. economy is recovering from the Covid-19 recession, but some economic "scarring" may take a long time to heal, said Richmond Federal Reserve Bank President Thomas Barkin. Economic scarring refers to damage left behind by crises that will suppress growth prospects over the medium or long term. "I'm hopeful we're on the brink of completing this recovery," Barkin said Monday at the Credit Suisse Asian Investment Conference that's being held virtually this year. The U.S. economy contracted by 3.5% in 2020 compared to a year ago, estimated the Bureau of Economic Analysis.

Without stimulus, employment might not reach pre-pandemic level until 2024 New analysis from the Congressional Budget Office predicts the U.S. economy will return to its pre-pandemic peak in the middle of 2021, but the number of people employed won't return to previous levels until 2024. Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, joins CBSN's "Red & Blue" host Elaine Quijano to discuss what she thinks the federal government should do to aid the economy.

Militias take aim at gun laws: "It's about shooting tyrants in the face"

Militias take aim at gun laws: "It's about shooting tyrants in the face"

The gain came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones. "It's obviously good news that the economy bounced back in the third quarter," said Eric Winograd, senior economist at AllianceBernstein. "There's still a lot of work to do here and the pace of improvement ... is going to slow. That is part of the reason that the pace of growth is going to slow from here." The economy has been in a technical recession since February, as first-quarter growth declined at a 5% pace.

The International Monetary Fund on Tuesday turned slightly more positive on the global economy for this year, but warned of a "long, uneven and uncertain" recovery. The global economy is now projected to contract by 4.4% in 2020 — an upward revision from an estimate of -4.9% made in June. The IMF's projection assumes that social distancing due to the coronavirus pandemic will continue into 2021, and that local transmission will fall everywhere by the end of 2022. However, it warned that the coronavirus crisis is far from over. The IMF projected "only limited progress" going forward and cut its GDP (gross domestic product) growth expectations for next year to 5.2%, from an estimate of 5.4% made in June.

Child care facilities, bars and sports events will also now be able to return with restrictions in place, Abbott said. In allowing more businesses in Texas to open, Abbott has said hes following data and experts to guide his decisions. The energy sector is tightly tied to the states economy and budget. Since Abbott and several local Texas officials first shuttered businesses to stop the virus' spread, hundreds of thousands of people lost their jobs. With so much economic devastation wrought by the virus, many Texans simply don't have the money right now to support businesses.

China, the world's second largest economy, is under threat as the pandemic wipes out jobs and slows productivity and growth. But even with the economic setback, that's not stopping Beijing from doubling down on its geopolitical agenda. China could be using diplomatic outreach, while skirting any responsibility for the crisis, as a way to move forward with its geopolitical plans, Economy said. I think the Trump administration will be looking to China to buy American, to fulfill the promises that it made," she said. In the meantime, the People's Republic of China has rolled out significant measures to offset the economic impact of the pandemic.

The economy is the theme on Day 2 of the RNC; Yahoo saw profits plunge 64%; and Nintendo doubled its market cap thanks to "Pokemon Go." These headlines and more from CBS MoneyWatch.

The economy is improving, so why are Americans feeling so down? Steady job-creation this year has failed to quell people's anxiety about their financial prospects and the broader direction of the economy. CBS News' Lauren Lyster reports.

Will the economy change much during the year's second half? The economy contracted nearly three percent during the first quarter of the year. CBS News business analyst Jill Schlesinger explains what to expect in the second half of the year.

U.S. economy shrinks for first time in three years The harsh weather this past winter is getting much of the blame for a slowdown in the economy, but most economists believe it sets the economy up for a strong rebound this quarter. Anthony Mason reports.