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.
Aerial footage shows the bear in a Pacoima neighborhood, surprising neighbors, exciting dogs and causing a brief lockdown of the Sara Coughlin Elementary School campus.
"I have great confidence that Yuhaaviatam of San Manuel Nation will carry this legacy forward with the same care, respect, and vision," said Kelly Roberts, soon-to-be former owner.
Through her attorney, Britney Spears pleaded guilty to reckless driving in her DUI case.
The endorsement comes less than one month before the June 2 election.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
Through her attorney, Britney Spears pleaded guilty to reckless driving in her DUI case.
Aerial footage shows the bear in a Pacoima neighborhood, surprising neighbors, exciting dogs and causing a brief lockdown of the Sara Coughlin Elementary School campus.
A suspect wanted for allegedly injuring a Los Angeles County sheriff's deputy has been arrested after leading police on a pursuit before crashing and then barricading himself inside a car in Beverly Hills on Sunday, prompting an hours-long standoff with police.
"I have great confidence that Yuhaaviatam of San Manuel Nation will carry this legacy forward with the same care, respect, and vision," said Kelly Roberts, soon-to-be former owner.
The endorsement comes less than one month before the June 2 election.
Aerial footage shows the bear in a Pacoima neighborhood, surprising neighbors, exciting dogs and causing a brief lockdown of the Sara Coughlin Elementary School campus.
Through her attorney, Britney Spears pleaded guilty to reckless driving in her DUI case.
The building and several cars caught fire.
A suspect wanted for allegedly injuring a Los Angeles County sheriff's deputy has been arrested after leading police on a pursuit before crashing and then barricading himself inside a car in Beverly Hills on Sunday, prompting an hours-long standoff with police.
Police said that the threat is believed to have been a hoax.
Following the Orange County death of victim Ed Ashman on Thursday, new charges of involuntary manslaughter for the teen's mother were announced by the DA on Friday.
Ocean experts say to expect more shark sightings through the summer. "It is gearing up to be a sharky summer," said Chris Lowe, the director of the Shark Lab at California State University, Long Beach.
The redesignation of All American Way to Charlie Kirk Way is "in honor of slain activist Charlie Kirk," according to Westminster City Council documents. The name change was approved by the city council in a 4–1 vote last fall.
The crash happened at around 11:50 a.m. near Newland Street, police said.
Evacuation warnings were lifted on Sunday morning, firefighters said.
San Bernardino County Sheriff's Department deputies fatally shot a man who was wanted in connection with an alleged assault in the Oak Hills area, near Hesperia, on Saturday.
Riverside County firefighters have fully contained the Gopher Fire, which broke out in southern Riverside County on Saturday afternoon and temporarily forced evacuation orders for some residents.
The team will move from El Segundo to the Coachella Valley beginning with the 2026-27 season.
The Sunshine Motel, at 570 N. H Street, was also found to be unsafe due to health and safety violations and was red-tagged for closure.
The Ontario Tower Buzzers teamed up with a pair of kids from the Make-A-Wish foundation to design unique jerseys for the Minor League Baseball team.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
At least 13 people were at hospitals following a shooting at a party at Arcadia Lake, near Oklahoma City, police say.
The 81-year-old former New York City mayor has been hospitalized for pneumonia, his spokesperson said.
An investigation is underway after a United Airlines plane struck a light pole and truck on the New Jersey Turnpike as it was coming in for a landing at Newark Liberty Airport on Sunday afternoon, officials said.
The service members were participating in African Lion, the largest joint military exercise on the continent.
The 81-year-old former New York City mayor has been hospitalized for pneumonia, his spokesperson said.
Los Angeles mayoral candidate Spencer Pratt lashed out at his opponents in a new attack ad.
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
Negotiations over a $500 million dollar government aid package for Spirit stalled after bondholders balked at the terms.
ICE reported the 18th death of an individual in its custody so far this year, putting the agency on track to record a new all-time high in detainee deaths.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
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.
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.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
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.
Mark Vientos hit two home runs and right-hander Clay Holmes allowed one run in 6 2/3 innings as the New York Mets beat the Los Angeles Angels 5-1 on Sunday.
Justin Wrobleski tossed six scoreless innings to help the Los Angeles Dodgers beat the St. Louis Cardinals 4-1 to snap a four-game losing streak.
The Los Angeles placed left-hander Yusei Kikuchi on the 15-day injured list Sunday with shoulder inflammation and purchased the contract of left-hander Tayler Saucedo from Triple-A Salt Lake.
Oswald Peraza hit a two-out RBI single in the 10th inning and the Los Angeles Angels snapped a seven-game losing streak with a 4-3 victory over the New York Mets.
Mathias Laborda scored in the 82nd minute for the Vancouver Whitecaps in a 1-1 tie with the LA Galaxy.
Just a week after the two-weekend Coachella Music Festival left Indio, the Empire Polo Club grounds were flooded by country music fans for Stagecoach. Police arrested 119 people during the three-day event, most of whom were arrested for possession of alcohol under 21 years of age.
The Stagecoach Music Festival was evacuated on Saturday night due to extreme winds blowing in the area.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
During a court appearance on Thursday, Los Angeles County prosecutors said that singer D4vd, who was charged with murder in connection with the death of 14-year-old Celeste Rivas Hernandez, had a "significant amount" of child pornography on his cellphone.
Michael Tilson Thomas, the 12-time Grammy Award winning composer and famed conductor who led the San Francisco Symphony for a quarter century, has died.
Judith Nwandu, LA Sentinel correspondent, shares news highlights: NAACP responds to rising hate incidents and showcasing Black women entrepreneurs.
This week's Class Act takes us to one of the oldest schools in the San Fernando Valley, where the Hunters or Canoga Park High School learn skills in and out of the classroom. Jasmine Viel reports.
California Department of Fish and Wildlife representatives sedated the bear and transported it out of the neighborhood after it wandered about on Monday morning.
Comedian Joe Dombrowski talks about his new special “Dad on Arrival.”
Dr. May Nour, UCLA Health Vascular and Interventional Neurologist, talks about the two types of strokes and how to respond when key indicators present.
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.
