U.S. prices cooled in April, key inflation gauge shows
Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
More than half of Americans believe the U.S. is in a recession, according to a Harris poll conducted for the Guardian. CBS News contributor Javier E. David discusses the data, which shows the economy is strong despite people's sentiment.
Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather.
Memorial Day marks the unofficial start of summer, and about half of all Americans are expected to grill over the weekend. But food prices are up this year, making those cookouts a bit more expensive. Jonathan Vigliotti reports.
Those planning vacations this summer should buckle up for considerably higher prices. Kris Van Cleave explains.
Memorial Day travel is already underway for many Americans. CBS News senior transportation correspondent Kris Van Cleave details the fluctuating costs of vacationing this year.
Home sales appear to have fallen in April, according to new data from the National Association of Realtors. CBS News business analyst Jill Schlesinger breaks down the current trends in the real estate market.
Compared to last year's Memorial Day, the overall cost of travel is actually down slightly, but vacationing in 2024 still costs 15% more than before the pandemic. CBS News senior transportation correspondent Kris Van Cleave has more.
U.K. Prime Minister Rishi Sunak set July 4 as the date for a national election, with the opposition Labour Party strongly favored to win.
Some companies, including Target and Michaels, recently announced they're slashing prices on thousands of items that were seeing higher costs due to inflation. According to the Labor Department, groceries and other household items are cheaper now than last year. CBS News contributor Javier David has more on the trend.
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
Arizona and Florida have both been in the national spotlight over abortion rights in recent weeks, but a new CBS News poll finds other issues are more pressing for voters in those states. CBS News executive director of elections and surveys Anthony Salvanto unpacks the numbers. Then, political strategists Meghan Hays and Matt Gorman join with analysis.
President Biden and former President Donald Trump hit the campaign trail over the weekend ahead of the 2024 general election. Mr. Biden addressed Morehouse College students in Atlanta, and Trump spoke to members of the National Rifle Association, which formally endorsed him for president in Dallas. CBS News' Caitlin Huey-Burns has more.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
A strong labor market and cooling inflation fueled a spike in the Dow Jones Industrial Average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Inflation declined slightly in April after two straight months of increases, the U.S. Bureau of Labor Statistics announced Wednesday. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to unpack the numbers.
While Americans are saving a little money at the grocery store, dining out is another story. Jo Ling Kent reports on the high cost of fast food.
U.S. inflation cooled slightly in April, but President Biden says prices are still too high. CBS News executive director of elections and surveys Anthony Salvanto explains how voters feel about rising prices' impact.
New Consumer Price Index data indicates inflation slightly slowed in April, but certain costs of living, like gas prices and shelter, are still increasing. CBS News senior business and technology correspondent Jo Ling Kent reports.
The Consumer Price Index rose by 0.3% in April, a smaller than anticipated increase that signals inflation is cooling. Prices have gone up 3.4% over the last 12 months. CBS News business analyst Jill Schlesinger has more.
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
The White House announced new tariffs on Chinese imports Tuesday as part of an effort to protect U.S. businesses. William Reinsch, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess the policy changes.
The Federal Reserve's campaign to snuff out runaway inflation has bogged down this year. Blame housing costs.
President Biden urged Hamas to agree on the deal that would release some 100 remaining hostages, along with the bodies of around 30 more.
Nearly a month after a frustrating launch scrub, the Starliner and its two-person crew were initially cleared for a second attempt to reach orbit.
Chad Daybell was sentenced to death in the murders of his wife, Tammy Daybell, and his then-girlfriend's children Joshua "JJ" Vallow and Tylee Ryan.
The spacecraft, part of the Chang'e moon exploration program, will collect soil and rock samples.
Experts previously said that such pregnancy was not possible.
Last summer, otter 841 terrorized surfers in Santa Cruz, California, biting surfboards and even hijacking them. Now she has returned.
Almost 160,000 Allied troops landed at Normandy on June 6, 1944, in a massive operation designed to break through heavily fortified German defenses and begin the liberation of Western Europe.
Garry Conille, a U.N. development specialist tasked with restoring order to Haiti, has arrived to the Caribbean nation to take up his new post as prime minister.
Police say a photographer and one-time contestant on "The Dating Game" was also a chameleon and a serial killer —perhaps the deadliest in U.S. history.
Prosecutors say evidence, including damning cellphone searches and texts, led them to Tim Bliefnick for the February murder of Becky Bliefnick.
Police say a photographer and one-time contestant on "The Dating Game" was also a chameleon and a serial killer —perhaps the deadliest in U.S. history.
Last summer, otter 841 terrorized surfers in Santa Cruz, California, biting surfboards and even hijacking them. Now she has returned.
Almost 160,000 Allied troops landed at Normandy on June 6, 1944, in a massive operation designed to break through heavily fortified German defenses and begin the liberation of Western Europe.
Zulkifli Bin Yusof, 36, was part of a three-man climbing team from Malaysia.
Authors complained for years that the organization was predominantly White — causing membership to plummet.
Costco hasn't raised the cost of its popular hot dog and soda combo in nearly 40 years, and it's not about to now, a senior exec says.
FCC calls on Congress for funding to restart program that helped low-income households get high-speed internet service.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
the law would require fossil fuel companies to contribute to a superfund that will be used to help the state adapt to climate change and develop more resilient infrastructure.
As the verdict was read, former President Donald Trump's eyes appeared to close, and his head shook slightly, lips pursed and eyes downcast.
Former President Donald Trump was found guilty on 34 felony counts in a case stemming from a "hush money" payment to adult film star Stormy Daniels.
CBS News fact checked four misleading claims Trump made about his trial in remarks he made Friday morning.
A former top U.S. agricultural official testified that Menendez tried to stop him from disrupting a halal certification monopoly that Egypt awarded to one of his constituents.
The former president often speaks about removing "criminals out of our country." Some countries could keep Trump out of theirs.
Even if someone has gone through a healing process with body image or their relationship with food, these challenges can "last a lifetime," a licensed mental health counselor tells CBS News.
Almost one in five survey responders had lost a family member or close friend to a drug overdose, researchers found.
The U.S. has ordered 4.8 million doses of vaccine to target bird flu in case the outbreak spreads in people.
Details of the FDA's proposal were published Friday ahead of a meeting next week.
The Mediterranean diet has long been regarded as a heart-healthy option, but a new study has found the diet may help reduce risk of death.
The spacecraft, part of the Chang'e moon exploration program, will collect soil and rock samples.
Almost 160,000 Allied troops landed at Normandy on June 6, 1944, in a massive operation designed to break through heavily fortified German defenses and begin the liberation of Western Europe.
Zulkifli Bin Yusof, 36, was part of a three-man climbing team from Malaysia.
Vinicius Junior scored in the 83rd minute at Wembley Stadium to seal a record-extending 15th European Cup for Real Madrid.
The activist targeted Claude Monet's "Poppy Field" painting, affixing a sticker that covered about half of the artwork with an apocalyptic, futuristic vision of the same scene.
West Virginia native Rett Madison started writing songs as a child and performing at summer camps. Her most recent album, "One for Jackie," is an emotional powerhouse about her mother that thrust her into the spotlight. Now, from "One for Jackie," here is Rett Madison with "One for Jackie, One for Crystal."
West Virginia native Rett Madison started writing songs as a child and performing at summer camps. Her most recent album, "One for Jackie," is an emotional powerhouse about her mother that thrust her into the spotlight. Now, from "One for Jackie," here is Rett Madison with "Fortune Teller."
West Virginia native Rett Madison started writing songs as a child and performing at summer camps. Her most recent album, "One for Jackie," is an emotional powerhouse about her mother that thrust her into the spotlight. Now, from "One for Jackie," here is Rett Madison with "Flea Market."
In "The Truman Show," Jim Carrey's character, Truman, learns that his entire life is a lie and that he is the subject of a reality TV show. Before the film even hit theaters, a similar real-life scenario was taking place in Japan: Nasubi, a 22-year-old aspiring comedian, became an unwitting participant on a twisted reality show. A new documentary explores the show and its impact. Michelle Miller reports.
Jennifer Lopez has canceled her upcoming summer tour to spend more time with her "children, family and close friends," Live Nation announced Friday.
What was to be the maiden launch of the Boeing Starliner with astronauts on board was halted yet again Saturday, this time less than four minutes before liftoff, when a computer system triggered an automatic hold. A launch last month was also canceled due to various issues. Manuel Bojorquez has the latest.
All systems are go for a second attempted launch of Boeing's Starliner capsule on Saturday, making its maiden voyage to the International Space Station with two astronauts on board. Manuel Bojorquez reports from the Kennedy Space Center.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
ChatGPT developer OpenAI warns that state actors worldwide use generative artificial intelligence to run covert propaganda operations. The company told The Washington Post it found groups in Russia, China, Iran and Israel using its technology to build and launch social media campaigns. Gerrit De Vynck, tech reporter for The Post, joins CBS News to discuss.
Google said it's rolling back its AI-generated search results feature after two weeks. Here's why.
A recent study from the University of Washington suggests that rising summer temperatures threaten triploid oysters, specifically bred in the 1970s to be more resilient to harsher environments. Despite that, researchers found that triploids die nearly 2.5 times faster than other oysters when under heat stress. Neil Thompson, geneticist for the U.S. Department of Agriculture Agricultural Research Service, joins CBS News to unpack the findings.
The New Caledonian fern, Tmesipteris oblanceolata, has more than 50 times more DNA packed into the nucleus of its cells than humans do.
Can the climate crisis be won as temperatures soar, oceans rise and air quality deteriorates? Former presidential candidate Tom Steyer thinks it can. The climate investor joins "America Decides" to discuss his new book "Cheaper, Faster, Better: How We'll Win the Climate War."
The spread of an avian flu virus in cattle has again brought public health attention to the potential for a global pandemic. Fighting it would depend, for now, on 1940s technology that makes vaccines from hens' eggs.
Turbulence on flights has been increasing, and climate change could be one of the reasons why. CBS News senior weather producer David Parkinson explains how the human-caused phenomenon affects the flight path.
Prosecutors say evidence, including damning cellphone searches and texts, led them to Tim Bliefnick for the February murder of Becky Bliefnick.
Police say a photographer and one-time contestant on "The Dating Game" was also a chameleon and a serial killer —perhaps the deadliest in U.S. history.
Two days after he was convicted of triple-murder, an Idaho jury on Saturday sentenced Chad Daybell to death in the 2019 killing of his first wife, Tammy Daybell, and the killings of the two youngest children of his now wife, Lori Vallow Daybell. In 2023, Vallow Daybell was also convicted in the murders of those two children and sentenced to life in prison.
Chad Daybell was sentenced to death in the murders of his wife, Tammy Daybell, and his then-girlfriend's children Joshua "JJ" Vallow and Tylee Ryan.
John Demay said that what started as a seemingly innocuous encounter on Instagram quickly turned deadly for his teenage son Jordan.
The spacecraft, part of the Chang'e moon exploration program, will collect soil and rock samples.
The second attempt to send Boeing's Starliner crew capsule into orbit was canceled just minutes before it was set to launch on Saturday.
Nearly a month after a frustrating launch scrub, the Starliner and its two-person crew were initially cleared for a second attempt to reach orbit.
If you missed the fantastic display of the northern lights in May, you could soon have another chance. In early June, the active solar region responsible for those multi-colored hues in the night sky will be in prime position to generate solar storms impacting us on Earth. Ryan French, solar physicist with the National Solar Observatory, joins CBS News to explain.
Boeing is preparing to launch its crewed Starliner spacecraft on Saturday after having to scrub the plan twice before due to technical difficulties. CBS News space consultant Bill Harwood is following the preparations for Boeing's flight.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Forrest Fenn hid a treasure somewhere in the Rocky Mountains. Five men died searching for it.
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Two days after he was convicted of triple-murder, an Idaho jury on Saturday sentenced Chad Daybell to death in the 2019 killing of his first wife, Tammy Daybell, and the killings of the two youngest children of his now wife, Lori Vallow Daybell. In 2023, Vallow Daybell was also convicted in the murders of those two children and sentenced to life in prison.
Following former President Donald Trump's conviction in his New York "hush money" trial, voters in the battleground state of Pennsylvania spoke to Nikole Killion about whether Trump's legal troubles will impact their vote.
The African National Congress party, once led by the late Nelson Mandela, has lost its parliamentary majority for the first time since 1994, when it helped bring about the end of apartheid.
Former President Donald Trump on Friday lashed out at his conviction in his New York "hush money" trial, making several false claims, while upside down flags, a symbol of protest adopted by the MAGA movement, were on display at Trump Tower. President Biden called Trump's remarks "reckless" and "dangerous." Natalie Brand reports from Washington.
Israeli Prime Minister Benjamin Netanyahu Saturday indicated that Israel would not agree to a cease-fire until certain conditions are met, including the return of all hostages and the elimination of Hamas' military and governing capabilities. This seemed to contradict President Biden's announcement Friday that Israel had extended a new cease-fire proposal. Imtiaz Tyab reports from Tel Aviv.