Cost of butter, other baking ingredients is higher this holiday season
CBS News’ Nancy Chen visited a dairy farm near Albany, New York to learn more about the spike.
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CBS News’ Nancy Chen visited a dairy farm near Albany, New York to learn more about the spike.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
"It's the economy, stupid," – A four-word strategy that helped Bill Clinton defeat incumbent President George H.W. Bush in 1992. Three decades later, the economy again was a driving factor in a presidential election. CBS News Chicago examined exit poll results and the way rising prices helped President-elect Donald Trump win his second term in office.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Those grilling or feeding friends this holiday weekend are likely paying more this year than they did last Labor Day. Prices are up for several summer cookout staples. CBS News Chicago wanted to know how local eateries are coping with higher prices for food.
The cost of Labor Day staples like meat, beer, and beans, was up anywhere from 3% to 10%, according to the CBS News price tracker.
Those grilling or feeding friends this holiday weekend are likely paying more this year than they did last Labor Day. Prices are up for several summer cookout staples. CBS News Chicago wanted to know how local eateries are coping with higher prices for food.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
Analysts say home buying and renting costs can lag behind other inflation improvements, but many see good news for homebuyers down the line.
Mars is buying food company Kellanova, giving it access to brands such as Cheez-It and Pop-Tarts.
Certified financial planner Jessica Debold of Goldstone Financial Group joins us with a sobering report on how inflation has affected back-to-school shopping, and what you can do to cut costs.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
This week, Mcdonald's is launching a new $5 meal deal and CBS Correspondent Kenny Choi reports, Americans crave fast food, but with higher prices, more and more simply, they aren't lovin' it.
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
Marnie was ticked off by the practices of a local ice cream vendor – with the price of ice cream apparently having risen to more than $11 in U.S. dollars for two treats.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Connor Bedard recorded his 100th career point on a second-period goal.
This marks the first time since 2018 that new Head Coach Gregg Berhalter is at the helm for an MLS team.
The amendment to the Welcoming City Ordinance would allow Chicago Police to work with Immigration and Customs Enforcement when they have arrested an undocumented immigrant for certain crimes.
The Civic Federation's finance report for the 2025 budget raises serious concerns about how the district will survive in the future.
It was not immediately learned if anyone was home during the fire or if anyone was injured.
The amendment to the Welcoming City Ordinance would allow Chicago Police to work with Immigration and Customs Enforcement when they have arrested an undocumented immigrant for certain crimes.
The Civic Federation's finance report for the 2025 budget raises serious concerns about how the district will survive in the future.
Residents will be able to access their driver's licenses and state IDs using their iPhone or Apple Watch.
His retirement is effective Friday, Jan. 31, 2025.
The people attending the protest said they were sending the message not just to Mr. Trump, but to local leaders as well.
Macy's announced the impending closures Thursday, calling it part of the retailer's plan to "return the company to sustainable, profitable sales growth."
Many turned out to take advantage of day-after-Christmas sales that can be hard to pass up.
At Yorktown Center in Lombard, just about everyone who spoke with CBS News Chicago on Monday said the act of going out and physically shopping puts them in the Christmas spirit.
Scammers know many of us are waiting for packages this holiday season.
The National Retail Foundation projected roughly 157 million people across the country would shop last-minute and try to wrap up their shopping lists.
In addition to norovirus, regular winter respiratory illnesses like RSV and flu are spiking, as is COVID-19.
Those with endometriosis, ovarian cysts, uterine fibroids, and female orgasmic disorder are now eligible to be prescribed medical cannabis in Illinois.
Lower immunity to the new GII.17 strain could be leading to more infections.
According to the CDC, at least 66 people have been infected with bird flu since last year. Most have had direct contact with sick birds.
The Louisiana patient was hospitalized with a severe case of bird flu in the first death in the U.S. caused by the H5N1 virus.
Macy's announced the impending closures Thursday, calling it part of the retailer's plan to "return the company to sustainable, profitable sales growth."
There remains a question of where exactly ground will be broken for the stadium.
Chef Bayless also addressed his lack of a relationship with his brother, sports broadcaster Skip Bayless.
John Carruthers and his thin crusts have raised $80,000—a lot of dough for charities around Chicago.
Many turned out to take advantage of day-after-Christmas sales that can be hard to pass up.
As we say ADIEU to 2024, a new study has revealed last year's hardest Wordle puzzles in each U.S. state, including Illinois.
Peter Yarrow was a singer-songwriter and a social activist, but he was best known as one-third of the folk-music group Peter, Paul and Mary.
Here is the full list of winners who took home awards at the 2025 Golden Globe Awards.
Here are the books and characters newly joining the list of works in the public domain in 2025.
Taylor also played two nights at Ravinia this past June.
Chief Meteorologist Albert Ramon has your 10 p.m. First Alert Weather forecast for Monday, Jan. 13, 2025.
Coyote mating season is in progress from January through March, and coyotes are now more visible as they search for mates and establish territory. Marissa Sulek reports.
Kris Habermehl shows us how the evening commute went from CBS Skywatch.
The Civic Federation’s finance report for the 2025 budget raises serious concerns about how the district will survive in the future. Jermont Terry reports.
The Los Angeles wildfires have killed at least 24 people and destroyed 12,000 homes and businesses, and there is now fear that heavy winds could make the catastrophic situation even worse. Danya Bacchus reports from Los Angeles, and Chief Meteorologist Albert Ramon explains the dangers of the winds.
Customers could be heard gasping as officers made several attempts to yank the coyote out of the shelf—finally pulling the animal out by its tail.
The Civic Federation's finance report for the 2025 budget raises serious concerns about how the district will survive in the future.
His retirement is effective Friday, Jan. 31, 2025.
Fire crews responded to the apartment for a hazmat with high carbon monoxide readings of 300 parts per million.
Fires across the Los Angeles area have killed at least 24 people, and the Palisades and Eaton wildfires still burn in Southern California.
City attorneys recommended the settlements in lawsuits tied to former CPD Commander Jon Burge, former Sgt. Ronald Watts, and former Det. Reynaldo Guevara - all of whom have been accused of framing dozens of people.
Ald. Ray Lopez (15th) said the wooden or plastic traffic barriers currently recommended for permitted street fairs and festivals in Chicago are a security weakness, and that needs to change.
Cook County sheriff deputies served only 25% of protective orders between 2021 and 2023, data show.
"San Antonio has really led the way in using aerial surveillance technology to prevent these activities," said Ald. Brian Hopkins (2nd), who chairs the City Council Public Safety Committee.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Connor Bedard recorded his 100th career point on a second-period goal.
This marks the first time since 2018 that new Head Coach Gregg Berhalter is at the helm for an MLS team.
Mike Vrabel snagged the first interview with the Bears last week, but it came as no surprise that he is going back to the New England Patriots as their head coach.
Zach LaVine led the Bulls with 36 points. Making his first start since Jan. 14, 2022, Lonzo Ball set season highs with 15 points and five 3s.
The Eagles defeated the Packers, 22-10, thanks to a strong defensive performance on Sunday in the wild-card round of the NFL playoffs.
A Chicago apartment building has been evacuated after a woman called 911 to report concerns about suspicious materials found inside an apartment.
Police said the incident that led to the man being shot by officers was an isolated domestic matter.
n each incident, the burglars smashed into a business using at least one vehicle, and then took gaming equipment and fled the scene.
At 5:25 p.m., the victims were in a house in the 13400 block of South Carondolet Avenue when someone fired multiple gunshots outside.
Police released surveillance video of the thief, who used a screwdriver to smash the windows of three businesses in the Edgewater neighborhood in the span of a week.
