An inflation measure watched by the Fed eases to 5.5%
Personal consumption expenditures increased at the lowest rate in over a year, showing the long run-up in prices is likely ending.
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Personal consumption expenditures increased at the lowest rate in over a year, showing the long run-up in prices is likely ending.
The minimum salary people want has risen to 8-year high, reflecting a hot job market and high cost of living, a survey says.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
Inflation is driving up prices at grocery stores, and fewer donations are impacting food banks.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
From higher prices to "shrinkflation" grocery trips are costing shoppers more and more. However, there are small and easy ways to save money. Joy Benedict reports.
The 10 most popular candy brands have seen an average price increase of 13% since 2021, according to Datasembly.
The National Retail Federation estimates that people will spend more than $3 billion on Halloween candy. Jasmine Viel reports.
Kristine Lazar reports on the array of checks heading toward millions of Californian's bank accounts in the form of inflation relief due to escalating gas prices.
The price of poultry has been steadily rising after a bird flu killed millions of turkey. Michele Gile reports.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
Julie Ramhold, a Consumer Analyst with DealNews.com, joined the studio to provide some tips for parents to avoid inflation as children head back to school taking advantage of online deals.
The U.S. Bureau of Labor Statistics announced the rise in food prices in its latest report.
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
Industry experts report that airlines and travel companies are struggling to meet the demand of travelers, who are hitting the road and skies at nearly all-time highs, despite rising inflation.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Rina Nakano reports on "heatflation," a term coined by climate change experts and food industry analysts to describe the growing burden that higher temperatures puts on those in the agricultural industries and, ultimately, spikes the cost of food for consumers.
Consumer prices increased by 9.1%, according to the Labor Department, and the sudden acceleration in prices has many people needing help to get by.
Jasmine Viel reports on how the spike in inflation, which drives up the cost of everyday goods and services, has also driven up demand at local food banks.
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
While many people have a bleak outlook of the current economy, investment professional Chris Markowski predicts the price of some every day products at stores like Target will come down around Independence Day.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
A 21-year-old who demonstrated in Santa Ana, California, against the shooting death of Renee Good says exercising his right to free speech nearly cost him his life.
Lauren Hamlett, Director of Wildlife and Education Services for Pasadena Humane, said there is no definitive research as to whether the number of coyotes in Southern California has grown or if some packs relocated following last year's wildfires.
The rental truck driver arrested during an anti-Iranian regime rally last week said he had no intention to harm anyone and supported the demonstration.
After his son died while hiking Mount Baldy, Kenneth Muensch Casanova called on Angeles National Forest officials to require permits on the dangerous mountain.
A 21-year-old who demonstrated in Santa Ana, California, against the shooting death of Renee Good says exercising his right to free speech nearly cost him his life.
Lauren Hamlett, Director of Wildlife and Education Services for Pasadena Humane, said there is no definitive research as to whether the number of coyotes in Southern California has grown or if some packs relocated following last year's wildfires.
The rental truck driver arrested during an anti-Iranian regime rally last week said he had no intention to harm anyone and supported the demonstration.
After his son died while hiking Mount Baldy, Kenneth Muensch Casanova called on Angeles National Forest officials to require permits on the dangerous mountain.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
Lauren Hamlett, Director of Wildlife and Education Services for Pasadena Humane, said there is no definitive research as to whether the number of coyotes in Southern California has grown or if some packs relocated following last year's wildfires.
The rental truck driver arrested during an anti-Iranian regime rally last week said he had no intention to harm anyone and supported the demonstration.
After his son died while hiking Mount Baldy, Kenneth Muensch Casanova called on Angeles National Forest officials to require permits on the dangerous mountain.
Police said the casino was evacuated for an active investigation, but did not specify.
The westbound 10 Freeway near Sawtelle was closed after a pursuit suspect surrendered to Los Angeles police.
After his son died while hiking Mount Baldy, Kenneth Muensch Casanova called on Angeles National Forest officials to require permits on the dangerous mountain.
A Santa Ana community scrambled to ensure their 101-year-old neighbor wasn't left behind when a fire broke out in her condo.
Orange County prosecutors said the suspect was allegedly sex trafficking a 17-year-old girl in Anaheim.
Irvine police are looking for a woman who left a Bible on a doorstep after stealing a package in Irvine.
The abandoned Westminster Mall has turned into a hotspot for vandalism since shuttering in late 2025, according to police who are attempting to raise awareness about the issue.
After his son died while hiking Mount Baldy, Kenneth Muensch Casanova called on Angeles National Forest officials to require permits on the dangerous mountain.
"If you don't have the training or the right equipment, you will end up like I did," said Manny Vasquez, who fell 300 feet while hiking up Mount Baldy.
The San Bernardino County Board of Supervisors approved the fee waivers to eligible property owners, primarily in Wrightwood, Lytle Creek, Phelan, Piñon Hills, Hesperia, and areas near Mt. Baldy.
A driver who was possibly driving under the influence triggered a deadly wrong-way crash on the 215 Freeway in Riverside early Wednesday morning, according to California Highway Patrol officers.
Firefighters said that the woman suffered severe burns when she escaped from the burning mobile home at around 11 a.m on Tuesday.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
A 21-year-old who demonstrated in Santa Ana, California, against the shooting death of Renee Good says exercising his right to free speech nearly cost him his life.
Kyle Tucker has agreed to a $240 million, four-year contract with the Los Angeles Dodgers, bolstering the franchise's chance for a third consecutive World Series championship.
Authorities said the alleged scheme involved 39 players, 17 different NCAA Division I men's basketball teams and 29 games.
California Gov. Gavin Newsom says he is blocking Louisiana's effort to extradite a California doctor accused of mailing abortion pills out of state.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
President Trump and California Gov. Gavin Newsom are both pitching plans to restrict corporations from buying single-family homes.
An Immigration and Customs Enforcement officer shot a man Wednesday night in north Minneapolis after allegedly being attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
The State Department announced it will stop giving out visas to nationals of dozens of countries who are seeking to move to the U.S. permanently.
A panel for the U.S. Central District Court of California ruled Democrats can proceed in using their redrawn congressional maps for the 2026 midterm elections.
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.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
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.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
At least 11 people have contracted Salmonella linked to powder supplements sold at Sam's Club stores nationwide, health authorities said.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
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.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
Kyle Tucker has agreed to a $240 million, four-year contract with the Los Angeles Dodgers, bolstering the franchise's chance for a third consecutive World Series championship.
Authorities said the alleged scheme involved 39 players, 17 different NCAA Division I men's basketball teams and 29 games.
FIFA says it has received over 500 million ticket requests for 2026 World Cup matches in the U.S., Canada and Mexico— with prices as high as $8,680.
Mark Stone scored 25 seconds into overtime, Jack Eichel had three assists and the Vegas Golden Knights beat the Los Angeles Kings 3-2 on Wednesday night.
Kawhi Leonard scored 33 points and James Harden added 22 points as the Los Angeles Clippers extended their winning streak to four games with a 119-105 victory over the Washington Wizards.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Events and things to do this weekend | Selena: From Texas to the World, Asian American Expo at Fairplex, Smorgsaburg LA at ROW DTLA, and King Day at CAAM.
Grae Drake reviews: “28 Years Later: The Bone Temple,” “The Rip,” and “Dead Man’s Wire.”
Gerard Marzilli, the American Red Cross Southern California, said there is a call for donors as this was the worst flu season in 20 years and there is a 35% blood supply shortage.
Coyote sightings seem to be on the rise in Del Rey, and wildlife experts say it’s the mating season, during which pack animals tend to be more vocal.
Bob McWhirter, Constitutional law expert, discusses the constitutionality and immigration law around recent ICE action, as well as President Trump's threat to use the Insurrection Act.
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.
