Average holiday debt jumps to $1,550 — an 8-year high
Almost 4 in 10 of consumers who went into debt expect it will take at least five months to pay off their bills.
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Almost 4 in 10 of consumers who went into debt expect it will take at least five months to pay off their bills.
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.
California gas prices reached their highest mark since 2023 as the last oil shipment from the Strait of Hormuz arrived at a Los Angeles County port.
Munetaka Murakami hit his 14th homer and Miguel Vargas also went deep as the Chicago White Sox beat the Los Angeles Angels 6-0.
Firefighters said that one of the drivers was detained at the scene by bystanders before being taken to a nearby hospital in unknown condition.
It happened just before 6:15 a.m. at a home in the 2400 block of Strathmore Avenue in Rosemead, according to a news release from the Los Angeles County Sheriff's Department.
Kyle Tucker homered and drove in two runs against his former team to lead the Los Angeles Dodgers to a 8-3 win over the Houston Astros.
California's top insurance regulator says the state is seeking millions of dollars in penalties from State Farm after an investigation found the insurance company violated state law while handling claims from the 2025 Los Angeles-area wildfires.
California gas prices reached their highest mark since 2023 as the last oil shipment from the Strait of Hormuz arrived at a Los Angeles County port.
Firefighters said that one of the drivers was detained at the scene by bystanders before being taken to a nearby hospital in unknown condition.
Through her attorney, Britney Spears pleaded guilty to reckless driving in her DUI case.
It happened just before 6:15 a.m. at a home in the 2400 block of Strathmore Avenue in Rosemead, according to a news release from the Los Angeles County Sheriff's Department.
California gas prices reached their highest mark since 2023 as the last oil shipment from the Strait of Hormuz arrived at a Los Angeles County port.
Firefighters said that one of the drivers was detained at the scene by bystanders before being taken to a nearby hospital in unknown condition.
It happened just before 6:15 a.m. at a home in the 2400 block of Strathmore Avenue in Rosemead, according to a news release from the Los Angeles County Sheriff's Department.
"Fans attending games on the pilot dates are encouraged to take advantage of this service and share feedback to shape future offerings," the City of Torrance wrote in a news release.
The 26-year-old man was ordered to remain behind bars in lieu of $1.4 million bail and is due back in court on June 8 after pleading not guilty to the alleged kidnapping and sexual assault of a UCLA student in March and the alleged rape of a woman in Culver City in October 2025.
Some light showers could pass through Southern California overnight on Monday and Tuesday.
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.
Some light showers could pass through Southern California overnight on Monday and Tuesday.
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.
Search and rescue efforts were still underway as of Monday after the two U.S. Army soldiers went missing off Morocco's southern coast over the weekend while off duty during a training exercise.
A federal judge on Monday sharply criticized the treatment of accused White House Correspondents' Dinner attacker Cole Allen, at one point apologizing to the defendant for what he saw as overly restrictive and punitive conditions in jail.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
At least 18 people were at hospitals following a shooting at a party at Arcadia Lake, near Oklahoma City, police say.
A federal judge on Monday sharply criticized the treatment of accused White House Correspondents' Dinner attacker Cole Allen, at one point apologizing to the defendant for what he saw as overly restrictive and punitive conditions in jail.
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.
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.
Munetaka Murakami hit his 14th homer and Miguel Vargas also went deep as the Chicago White Sox beat the Los Angeles Angels 6-0.
Kyle Tucker homered and drove in two runs against his former team to lead the Los Angeles Dodgers to a 8-3 win over the Houston Astros.
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.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
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.
A bear surprised neighbors and pets in a Pacoima neighborhood as it wandered from yard to yard on Monday morning. Wildlife experts tranquilized the bear and returned it to the Angeles National Forest.
The Yuhaaviatam of San Manuel Nation on Monday announced an agreement to purchase the historic Mission Inn Hotel & Spa in Riverside, which is expected to close as early as the end of the month. Joy Benedict reports.
Evelyn Taft tracks the light showers coming to Southern California.
An armed suspect who was wanted for the alleged attempted murder of an LA County sheriff's deputy was arrested following a nearly 12-hour standoff in Beverly Hills on Sunday, during which he was also holding a hostage. Jeff Nguyen reports.
It is estimated that between 10 to 25 percent of people experiencing homelessness have pets, but access to veterinary care is often out of reach.
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.
