Analysts warn oil prices could keep climbing as Iran war intensifies
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
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Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
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.
"Shrinkflation" — when companies charge the same for smaller sizes — is a sneaky way to raise prices. Read on to see what kind of products have shrunk the most.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
Drivers could continue to see higher car insurance rates in 2024, with the average U.S. rate projected to jump 22% this year.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
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.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Chipotle attributes plans to bump up menu prices again to "state of the economy," a company spokesperson told Insider.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
President Biden is highlighting January's job report after it soared past economists' predictions. Jeanna Smialek, a financial reporter at The New York Times, joins CBS News to discuss what the numbers mean for the state of the U.S. economy and future Fed moves.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
The crash occurred at 12:37 a.m. on Katella Avenue near the 57 Freeway.
A federal judge in Miami handed President Trump a defeat in his defamation lawsuit against the Wall Street Journal over a story about a birthday book for Jeffrey Epstein.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
The crash happened just after 5 p.m. on Saturday in the 1700 block of Pacific Coast Highway, according to police.
Marco Rossi scored with 9.5 seconds left in overtime to help the Vancouver Canucks beat Anaheim 4-3 on and prevent the Ducks from clinching a playoff spot.
Swalwell faced pressure from his own party to drop out of the race after a former staffer accused him of sexually assaulting her when she was too drunk to consent.
The union was preparing to strike on Tuesday.
The woman alleged the California gubernatorial candidate sexually assaulted her twice when she was too drunk to consent.
The crash occurred at 12:37 a.m. on Katella Avenue near the 57 Freeway.
A federal judge in Miami handed President Trump a defeat in his defamation lawsuit against the Wall Street Journal over a story about a birthday book for Jeffrey Epstein.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
The crash happened just after 5 p.m. on Saturday in the 1700 block of Pacific Coast Highway, according to police.
All four of the victims, between 17 and 22 years old, were hospitalized in stable condition after they were struck by gunfire at a street takeover at the intersection of Garvey and Del Mar avenues.
The woman was walking near the LA River and Anaheim Street when she said she was attacked by a pit bull and suffered severe injuries to her arms and legs.
Los Angeles County Sheriff's Department detectives are investigating a homicide that happened in El Monte early Sunday morning.
Two waves of rainstorms are predicted to hit Southern California over the weekend, bringing a drop in temperatures across the region.
The homicide investigation led Orange County deputies to an illegal gambling house in Stanton, where nearly 50 people were detained over the weekend.
An hours-long pursuit finally came to an end after the alleged DUI suspect led California Highway Patrol officers through Orange, Los Angeles, Riverside and San Bernardino counties on Tuesday night.
Santa Ana Police Department detectives are seeking help from the public in solving a homicide that left a 37-year-old man dead outside his home in early 2025.
Two Inland Empire teenagers, including the daughter of an Orange County firefighter, were hospitalized with severe injuries after they were involved in an off-roading accident in Utah last week.
The Riverside County Sheriff's Office said the teens shot and killed the 16-year-old inside a Moreno Valley business.
Detectives said the man was murdered and then left on the side of a remote road near Twentynine Palms.
An Ontario mother sued the school district after staff found her son face down in a pool after teachers and aides allegedly left him unattended.
A deputy in Riverside County was caught scrolling on what appeared to be a dating app during a standoff with an armed suspect.
The arson suspect who was arrested for allegedly starting a fire that decimated a 1.2 million square-foot Kimberly-Clark paper goods warehouse in Ontario earlier this week was charged by prosecutors on Thursday.
A federal judge in Miami handed President Trump a defeat in his defamation lawsuit against the Wall Street Journal over a story about a birthday book for Jeffrey Epstein.
Pope Leo has been critical of the war in Iran and other priorities of the Trump administration, but says his comments are "not meant as attacks on anyone."
Swalwell faced pressure from his own party to drop out of the race after a former staffer accused him of sexually assaulting her when she was too drunk to consent.
The probe comes as Swalwell is also being accused of assaulting a former staffer in an unrelated case.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
A federal judge in Miami handed President Trump a defeat in his defamation lawsuit against the Wall Street Journal over a story about a birthday book for Jeffrey Epstein.
Pope Leo has been critical of the war in Iran and other priorities of the Trump administration, but says his comments are "not meant as attacks on anyone."
Swalwell faced pressure from his own party to drop out of the race after a former staffer accused him of sexually assaulting her when she was too drunk to consent.
The probe comes as Swalwell is also being accused of assaulting a former staffer in an unrelated case.
A former staffer of Rep. Eric Swalwell said he allegedly forced himself on her after they met for drinks in New York in 2024.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
LA County public health officials issued a bacteria warning at several beaches as a potentially record-breaking heat wave arrives in Southern California.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A home-based food movement has been heating up in California, with home cooks turning their beloved family recipes into small businesses.
More than a dozen cities and counties across California were given a "final warning" from state officials Wednesday, saying they have failed to properly plan for additional new homes amid the state's lack of affordable housing.
A nonprofit that booked a Social Agent said it's a lot cheaper than hiring someone to do their social media full-time. A typical job runs about $200, with same-day delivery, and if clients already have footage, they can upload it and get a finished piece.
A California judge has tentatively stopped the state from canceling commercial licenses for more than 20,000 immigrant truck drivers.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
Marco Rossi scored with 9.5 seconds left in overtime to help the Vancouver Canucks beat Anaheim 4-3 on and prevent the Ducks from clinching a playoff spot.
LeBron James had 18 points, six assists and four rebounds in the first half, and the Los Angeles Lakers tuned up for the postseason with a 131-107 win over the Utah Jazz.
Bennedict Mathurin scored 20 points off the bench as the Los Angeles Clippers defeated the Golden State Warriors 115-110.
Shohei Ohtani connected off Jacob deGrom for his second straight leadoff home run, but the Texas Rangers rallied to beat the Los Angeles Dodgers 5-2 and avoid a three-game sweep.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
The Pitt star Noah Wyle is the newest name on the Hollywood Walk of Fame, and the Pittsburgh-based show is a big reason why.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
It's time for the 26th Annual Beverly Hills Film Festival. President and founder Nino Simone and executive producer Adam Ottmar join CBS LA to discuss.
A fight that led to a shooting may be connected to a street takeover in South Los Angeles. Tina Patel reports.
The Los Angeles Unified School District has come to tentative agreements with two unions ahead of Tuesday's planned work stoppage, but negotiations continue with a third union. Rick Montanez reports.
Southern California's wet weekend is over, although a little more drizzle could trickle in Monday morning. Amber Lee reports.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
