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.
A diver swimming under the waves along the Laguna Beach coast has formed an unlikely bond with a young white seal.
Los Angeles Rams quarterback Matthew Stafford was named the NFL MVP, just edging out four other candidates that included New England Patriots quarterback Drake Maye and Buffalo Bills quarterback Josh Allen, last year's MVP.
Glendale police arrested a special education assistant after a student accused him of child sexual abuse.
The FBI arrested a Los Angeles County man for allegedly sending a phony ransom text to Savannah Guthrie's family amid the high-profile search for the "Today" show host's mother.
The California Highway Patrol closed one lane of the southbound I-15 Freeway near Eastvale after a dump truck crashed its trailer into an overpass.
A diver swimming under the waves along the Laguna Beach coast has formed an unlikely bond with a young white seal.
Los Angeles Rams quarterback Matthew Stafford was named the NFL MVP, just edging out four other candidates that included New England Patriots quarterback Drake Maye and Buffalo Bills quarterback Josh Allen, last year's MVP.
Glendale police arrested a special education assistant after a student accused him of child sexual abuse.
The FBI arrested a Los Angeles County man for allegedly sending a phony ransom text to Savannah Guthrie's family amid the high-profile search for the "Today" show host's mother.
The California Highway Patrol closed one lane of the southbound I-15 Freeway near Eastvale after a dump truck crashed its trailer into an overpass.
Los Angeles Rams quarterback Matthew Stafford was named the NFL MVP, just edging out four other candidates that included New England Patriots quarterback Drake Maye and Buffalo Bills quarterback Josh Allen, last year's MVP.
Glendale police arrested a special education assistant after a student accused him of child sexual abuse.
The FBI arrested a Los Angeles County man for allegedly sending a phony ransom text to Savannah Guthrie's family amid the high-profile search for the "Today" show host's mother.
The California Highway Patrol closed one lane of the southbound I-15 Freeway near Eastvale after a dump truck crashed its trailer into an overpass.
Social media giants Meta, YouTube, TikTok and Snapchat are accused of intentionally designing features, like infinite scrolling, at the expense of the mental health of youth.
A diver swimming under the waves along the Laguna Beach coast has formed an unlikely bond with a young white seal.
An Orange County landfill has been cited for foul odors after Irvine neighbors complained about the stinky smell.
The Santa Ana winds will affect the valleys, mountains and inland areas of Los Angeles and Orange Counties, as well as much of the Inland Empire.
Anaheim police arrested a teen connected to a group of smash-and-grab robbers who purposefully rammed an SUV into an Anaheim jewelry store before crashing their getaway cars during a pursuit last month.
Fullerton's police chief denied allegations that his officers helped federal agents during a recent immigration operation.
The California Highway Patrol closed one lane of the southbound I-15 Freeway near Eastvale after a dump truck crashed its trailer into an overpass.
Riverside County installed a new camera system on the 91 Freeway to crack down on carpool lane violators.
A 19-year-old man was arrested for murder on Monday, weeks after a 63-year-old man was found dead from traumatic injuries in Riverside County in January.
Dozens of people gathered on Tuesday to protest a possible change coming to Rancho Springs Hospital in Murrieta, where officials are considering ending their midwifery program.
The Santa Ana winds will affect the valleys, mountains and inland areas of Los Angeles and Orange Counties, as well as much of the Inland Empire.
Investigators have no proof that the missing mother of "Today" show host Savannah Guthrie is still alive but are holding out hope she is "still out there," the sheriff said.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
Savannah Guthrie said she and her family were aware of reports of a ransom note and that they are "ready to talk."
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
Ryan Routh, the man convicted in a 2024 assassination attempt of President Trump at his Florida golf course, has been sentenced to life in prison.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
Starting March 1, the SBA will no longer guarantee loans for small businesses owned by foreign nationals, including green card holders.
Hillary Clinton will appear for a deposition on Feb. 26, while former President Bill Clinton will appear on Feb. 27, according to the House Oversight Committee.
The Clintons made a last-ditch effort to avoid a contempt vote.
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.
Health officials said that the traveler arrived at LAX's Tom Bradley International Airport Terminal on a Viva Aerobus Flight on Jan. 26.
Orange County health officials have confirmed their second measles case of 2026 in an international traveler who arrived in California at Los Angeles International Airport before visiting Disneyland and California Adventure last week.
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.
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.
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.
Los Angeles Rams quarterback Matthew Stafford was named the NFL MVP, just edging out four other candidates that included New England Patriots quarterback Drake Maye and Buffalo Bills quarterback Josh Allen, last year's MVP.
Two NFC West rivals, the San Francisco 49ers and Los Angeles Rams, will face off in the NFL's first regular season game in Australia later this year, the league announced.
Donovan Mitchell scored 29 points and had nine assists as the Cleveland Cavaliers routed the Los Angeles Clippers 124-89.
Shane Wright scored twice to lead the Seattle Kraken to a 4-2 win over the Los Angeles Kings.
Kiki Rice scored 17 points and No. 2 UCLA routed Rutgers 86-46.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The 2026 Grammy Awards recognized the best of the best in music from last year, with big wins for Kendrick Lamar and Bad Bunny. Here's the full list of winners and nominees.
At least three people were killed and six others injured when a car crashed into a supermarket in the Westwood neighborhood of Los Angeles on Thursday afternoon, authorities said. Gio Insignares reports.
A diver swimming under the waves along the Laguna Beach coast has formed an unlikely bond with a young white seal. Nicole Comstock reports.
Investigators believe "Today" show co-host Savannah Guthrie's mom, Nancy Guthrie, is "still out there" as the high-profile search in Arizona continues without a suspect identified in the case, Pima County Sheriff Chris Nanos said Thursday. The FBI also announced a $50,000 reward for information leading to Nancy Guthrie's recovery or the arrest and conviction of people involved in her disappearance. Hunter Sowards reports.
With a well-known candidate dropping out and a political newcomer throwing his hat in the race, Tom Wait shares the campaigns running for Los Angeles Mayor.
Parents and advocates gathered outside a downtown Los Angeles courthouse for a vigil honoring children who have died, they say, due to social media. Hunter Sowards reports.
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.
