CBS News - Moneywatch

A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.

As the war with Iran drags on, the cost of living is rising faster than wages, putting a major squeeze on middle and working-class Americans. Kelly O'Grady reports.

Jason Allen has a closer look at how rising prices are impacting both American consumers and business owners in Dallas.

"I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said.

CPI gas price index has surged 28% from a year ago, while overall energy costs are up nearly 18%, new inflation data shows.