U.S. economy slowed in second quarter as Iran war weighs on growth
Economic activity weakened between April and June as energy costs surged, new government data shows.
Watch CBS News
Economic activity weakened between April and June as energy costs surged, new government data shows.
President Trump held a rally where he touted economic wins.
Price increases at full-service restaurants far outpaced overall inflation, a study found.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
The White House levied new import duties on its three closest trading partners.
Inflation is being felt all around, especially for many Maryland residents who rely on affordable housing.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
Key report on consumer prices comes ahead of interest-rate decision by the Federal Reserve in the afternoon.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Upticks signal a longer wait for rate cuts as the Federal Reserve's war against inflation isn't won just yet.
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
Cookout costs will vary, but Americans hitting the road are about to save $2.6 billion on gas this holiday weekend over last year.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Inflation is at an all-time high just in time for the holidays.
The debate over who and when to tip is back in the spotlight and reigniting discussion on when to include gratuity, thanks to popular technology.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
Back-to-school spending in total is expected to match the record high set in 2021: $37 billion.
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The economists, who serve together as the Business Cycle Dating Committee, are hand-selected by and work under the umbrella of the National Bureau of Economic Research (NBER), a private nonprofit organization.
With Maryland's July primary election just a few weeks out, three Democratic candidates for the state's highest elected office are running neck and neck, according to the results of a new poll.
Researchers say Black families will suffer the worst effects of rising inflation because they lag behind their White counterparts in income, wealth, financial savings and home ownership.
Christian Encarnacion-Strand hit a tiebreaking RBI double, Leody Taveras and Pete Alonso homered and the Baltimore Orioles beat the St. Louis Cardinals 8-7 on Wednesday night after squandering a five-run, first-inning lead.
Maryland gubernatorial candidates Dan Cox and incumbent Wes Moore have agreed to debate in October ahead of the election, both campaigns confirmed.
Baltimore's Harbor Connector is getting a major upgrade thanks to nearly $11 million in federal funding.
Police responded to a large gathering in the area of Allegheny Avenue Wednesday night, making multiple arrests while helping people safely leave the area.
A 17-year-old was arrested in connection with a fatal double shooting that killed a man and injured another in April in Harford County.
Police responded to a large gathering in the area of Allegheny Avenue Wednesday night, making multiple arrests while helping people safely leave the area.
Maryland gubernatorial candidates Dan Cox and incumbent Wes Moore have agreed to debate in October ahead of the election, both campaigns confirmed.
Thursday is a First Alert Weather Day.
Maryland transportation officials said the replacement Key Bridge remains on track to open by 2030 and that cost estimates have not increased in recent months.
A judge has ruled against Maryland's ballot question regarding the future of congressional redistricting in the state.
The Maryland State Fair is back for 2026, with three weekends of fun starting on Friday, Aug. 28 and running through Sept. 13.
A judge has ruled against Maryland's ballot question regarding the future of congressional redistricting in the state.
A group of civil rights and privacy organizations have filed a complaint, accusing seven companies of violating the Maryland Data Privacy Act.
An EF-1 tornado touched down during Thursday's intense storms in Queen Anne's County, Maryland, according to the National Weather Service.
A New York man was arrested at Dulles International Airport after U.S. Customs and Border Protection (CBP) officers discovered 368 pounds of khat in his luggage.
Greg Padgett is checking out the upcoming Bromo Arts Walk scheduled for Thursday, September 10.
In celebration of National Dog Day, meet the four-legged guardians keeping geese off the green at Golf At CA. These pups have undergone intensive training to become working geese dogs.
Dr. Kurt Ela, licensed clinical psychologist with MedStar Health, discusses perfectionism and how that can increase stress and anxiety.
Founder Liz Tzeng joins us to share her story on what inspired her to create Paradise Island Cuisine, and where you can find her around Baltimore.
Local franchisee owner Bruce Dash shares a variety of sweet and savory pretzel snacks and talks about how you can cater Wetzel's for your next party or sporting event.
Christian Encarnacion-Strand hit a tiebreaking RBI double, Leody Taveras and Pete Alonso homered and the Baltimore Orioles beat the St. Louis Cardinals 8-7 on Wednesday night after squandering a five-run, first-inning lead.
Lamar Jackson and Jayden Daniels took a moment to chat on the field as the Ravens and Commanders held a joint practice on Wednesday.
Pete Alonso had four hits, including a three-run homer, and drove in four runs before leaving the game in the fifth inning, and the Baltimore Orioles routed the swooning St. Louis Cardinals 13-1 on Tuesday night.
Nick Martinez pitched six innings of one-hit ball; Junior Caminero and Chandler Simpson delivered RBI singles in the pivotal sixth inning, and the Tampa Bay Rays beat the Baltimore Orioles 3-1 Sunday to avoid a three-game sweep.
Gerrit Cole pitched six sharp innings, and the New York Yankees completed a three-game sweep in Baltimore with a 6-1 victory over the Orioles.
A judge has ruled against Maryland's ballot question regarding the future of congressional redistricting in the state.
The group of 24 states and the District of Columbia argues the Postal Service's new rule violates the Constitution and federal law.
The aircraft carrier and its 5,000 crew members will return to San Diego after an approximately nine-month deployment.
In May, a federal judge dismissed a criminal indictment against Abrego Garcia, who had been accused of smuggling immigrants in the U.S. illegally.
U.S. District Judge Theodore Chuang ruled that the Trump administration's move to divert funding and cancel a plan to move the FBI to Maryland was "arbitrary and capricious and not in accordance with law."
Nearly 200 families were expected to shop at the 10th annual Christmas Store, hosted by the University of Maryland, Baltimore, and The Foundry Church on Friday.
After a loved one became a victim of sexual assault, a Maryland family is on a mission to prevent it among teens.
Over 400 future star chefs took over Baltimore on Saturday for a National Culinary Cook-off.
Chopped Broadway Bodega & Deli is making its mark as the first Black- and women-owned bodega in Fells Point, bringing the unmistakable flavors of a classic New York bodega to Baltimore.
'I Believe in Me Girls' held its fifth annual workshop on Saturday to empower young women while introducing them to a variety of career opportunities in the creative industry.
Back to school means back to school shopping. How much does it cost to send kids to school?
Baltimore County Restaurant Week kicks off its summer 2026 edition on Friday, July 10 and runs through Sunday, July 19.
Despite the rash of thefts here and there, Howard County Police data shows airbag thefts have been on a downward trend.
Senator Kagan said this bill will limit what she calls "bait and switch" and price gouging.
The Maryland Department of Emergency Management increased the State Activation Level from Normal to Partial on Friday morning in response to a Microsoft outage that has paralyzed systems worldwide.
The Bitty & Beau's Coffee shop in the City Dock section of downtown Annapolis has confirmed its plans to close in September.
Steelefish Grille, located at 660 Boulton Street in Bel Air, announced on its Facebook page that it is abruptly closing after 14 years.
The Pittsburgh Post-Gazette will stay open after it was sold to a nonprofit.
New flights to both U.S. and Caribbean destinations are coming to BWI in 2026.
After three decades of serving customers on the Baltimore waterfront, The Cheesecake Factory is closing its Inner Harbor location.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Vibrio vulnificus is a rare flesh-eating bacterium that lives in brackish or salty water and has been on the rise in Maryland's Chesapeake Bay.
Health officials in Harford and Anne Arundel counties have issued new rabies alerts involving a raccoon, a fox and a bat.
Sydney Towle, known for her social media content about living with a rare form of cancer called cholangiocarcinoma, died Wednesday in Bethesda, Maryland.
As the nationwide cyclosporiasis outbreak continues to rise, a Maryland farmers' market vendor says a common question she hears is about food that gets people sick.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
BTS fans, better known as the BTS ARMY, have been flocking to a wide range of businesses in Charm City for days.
The Baltimore Cultural Alliance nonprofit has announced plans to shut down for financial reasons.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Scattered strong storms are possible on Thursday across Maryland
Rain and possible strong storms Thursday in Maryland
Thursday is a First Alert Weather Day.
WJZ-TV meteorologist Steve Sosna has your latest weather forecast.
Great weather continues Wednesday ahead of more rain in Maryland
Scattered strong storms are possible on Thursday across Maryland
Multiple arrests after large crowd disturbance in Towson
Double shooting in Pikesville leaves 1 dead, community "shocked"
Redistricting battle in Maryland heads to the Supreme Court
The Maryland State Fair is back for 2026, with three weekends of fun starting on Friday, Aug. 28 and running through Sept. 13.