Inflation runs hot for a third straight month, led by by gas and rent
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
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.
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.
Baseball moms are getting a special lesson in setting their kids up for success in the sport in Long Beach.
Deputies closed two major South LA streets to investigate a reported robbery at a local Wells Fargo branch.
The pedestrian died at the scene. Deputies did not say what prompted the shooting or if the man was armed.
Public Health officials closed the popular waters off Dockweiler and Venice Beaches after thousands of gallons of untreated sewage spilled in the area.
Los Angeles County deputies need help tracking down the suspect who allegedly stole an X-ray machine from a dentist's office in Calabasas.
Baseball moms are getting a special lesson in setting their kids up for success in the sport in Long Beach.
Deputies closed two major South LA streets to investigate a reported robbery at a local Wells Fargo branch.
The pedestrian died at the scene. Deputies did not say what prompted the shooting or if the man was armed.
Public Health officials closed the popular waters off Dockweiler and Venice Beaches after thousands of gallons of untreated sewage spilled in the area.
Los Angeles County deputies need help tracking down the suspect who allegedly stole an X-ray machine from a dentist's office in Calabasas.
Baseball moms are getting a special lesson in setting their kids up for success in the sport in Long Beach.
Deputies closed two major South LA streets to investigate a reported robbery at a local Wells Fargo branch.
Public Health officials closed the popular waters off Dockweiler and Venice Beaches after thousands of gallons of untreated sewage spilled in the area.
Los Angeles County deputies need help tracking down the suspect who allegedly stole an X-ray machine from a dentist's office in Calabasas.
An Irvine physician has been charged with groping two female patients, Orange County prosecutors announced Thursday.
Anaheim police surrounded a BMO building after a bank robbery Wednesday afternoon.
Police found the bodies of Jordan Block and Brian Xan Martin after Block's boyfriend allegedly stabbed and shot them to death.
A man drowned in Laguna Lake over the weekend.
Police discovered two dead bodies inside of a Santa Ana business park.
A UC Irvine senior expressed her determination to spread her message despite police arresting more than 200 of her peers at UCLA's pro-Palestinian encampment.
The pedestrian died at the scene. Deputies did not say what prompted the shooting or if the man was armed.
Two people, including a 16-year-old boy, have been arrested for a car-to-car shooting that left an 18-year-old with major injuries on the 210 Freeway in early April.
The crash happened a little before 1:45 p.m. on southbound lanes of I-215 near SR-210, according to CHP officers.
Campus police discovered an assault rifle registered to the student, as well as several high-capacity magazines, ammunition and "hand-drawn images in a journal depicting a violent act."
The camera, which was wrapped in clay to be disguised as a rock, has neighbors concerned as to why someone would be watching their homes.
"No teacher should have to lie as part of their job". Ross Palombo talks to a teacher in the Los Angeles Unified School who says he was told to lie about class attendance, which is how the state calculates funding from your tax dollars.
The CDC recommends that at least 95% of students have the MMR vaccine in order to lower the risk of measles outbreaks at their school, but a recent KCAL News investigation shows that hundreds of SoCal schools are well below that number.
For months, migrants have arrived in Los Angeles on controversial buses chartered from Texas. With a lack of coordination from the Lone Star state, community groups stepped in to help bring things under control and helped hundreds across Southern California.
KCAL senior reporter Ross Palombo gets an unprecedented look into the tactics the LAPD uses to stop retail theft.
A federal court ruling involving a controversial arrest within Moreno Valley Unified School District could lead to big changes in school policies nationwide.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
President Biden said in an interview with CNN he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
The start date for former President Trump's classified documents trial was originally scheduled for May 20.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
President Biden said in an interview with CNN he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
The start date for former President Trump's classified documents trial was originally scheduled for May 20.
The lawsuit claims that the measure, signed into law by President Biden, is unconstitutional.
President Biden delivered the keynote address at the U.S. Holocaust Memorial Museum's Annual Day of Remembrance Celebration.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
When, who and how much to tip is becoming more of a question in consumers' minds.
One in four college students says they have credit card debt, according to a new survey by U.S. News and World Report. And with interest rates topping 20 percent, those students could be in debt for years. On Your Side's Kristine Lazar has more on the biggest mistakes college students are making with their credit cards.
Fewer than a third of Americans have a will. Experts say that could lead to confusion and money loss when someone dies without one. On Your Side's Kristine Lazar has expert tips on who needs a will and how to create one.
Choosing random numbers increases your chances of not having to split the prize money should you win.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Recall includes yogurt pretzels and other confections sold by retailers such as Dollar General, HyVee, Target and Walmart.
Around 1 in 5 retail milk samples had tested positive for the bird flu virus, but further tests show it was not infectious.
The California State Capitol Capitol doesn't generally work the way people think it does. We're following bills prompted by our reporting, to show you how things really work inside California's Capitol.
Governor Gavin Newsom is seeking a bold new step to open California medical facilities to Arizona doctors for abortions on their patients after the state's Supreme Court upheld an 1864 abortion ban.
Robotaxis are hitting the streets of Los Angeles.
Disney is seeking approval from local officials to expand its California theme park offerings over the next four decades.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
Southern California Edison will pay $80 million to settle claims on behalf of the U.S. Forest Service connected to a massive wildfire that destroyed more than a thousand homes and other structures in 2017.
As he closes in on the Republican presidential nomination, former President Donald Trump made a highly unusual stop.
Jo Adell hit his fifth homer of the season and added an RBI single and the Los Angeles Angels slipped by the Pittsburgh Pirates 5-4.
Teoscar Hernández hit a two-run homer in the sixth, Gavin Stone continued the run of solid Dodgers' starts and Los Angeles beat the Miami Marlins 3-1 to complete an unbeaten six-game homestand.
Ippei Mizuhara, 39, of Newport Beach, has agreed to plead guilty to one count of bank fraud, which carries a maximum sentence of 30 years in federal prison, and one count of subscribing to a false tax return, which carries a sentence of up to three years in federal prison.
Yoshinobu Yamamoto pitched eight effective innings, Max Muncy hit a grand slam in the first and the Los Angeles Dodgers beat the Miami Marlins 8-2 for their sixth straight victory.
Kevin Pillar homered twice and drove in six runs, helping Patrick Sandoval and the Los Angeles Angels beat the Pittsburgh Pirates 9-0.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
The 2024 Met Gala theme is "The Garden of Time" — to go along with the spring exhibition, titled "Sleeping Beauties: Reawakening Fashion."
Former Nickelodeon producer Dan Schneider is suing the makers of the documentary "Quiet on Set: The Dark Side of Kids TV" for implying that he sexually abused children.
There was a heavy police presence outside a Wells Fargo in South LA, where officers were investigating a possible bank robbery. But it was a false alarm! Also, commencement celebrations are underway at USC after recent encampment protests on campus. Plus, it's shaping up to be a beautiful weekend in Southern California for Mother's Day weekend. Dani Ruberti has your Next Weather forecast. Your top stories at the top of the hour, weekdays at 2p, 3p, and 7p streaming on CBS News Los Angeles.
Los Angeles County deputies need help tracking down the suspect who allegedly stole an X-ray machine from a dentist's office in Calabasas.
LA's oldest record shop is looking for its second act. KCAL News reporter Lauren Pozen takes us inside the iconic store that's now up for sale.
Public Health officials closed the popular Dockweiler and Venice Beaches after thousands of gallons of untreated sewage spilled in the area.
Baseball moms are getting a special lesson in setting their kids up for success in the sport in Long Beach.
Shots from the second day of the JM Eagle LA Championship held at the Wilshire Country Club in the Palos Verdes Estates.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The Academy Awards will hand out filmmaking's top honor in 23 categories during the 2024 Oscars at the Dolby Theatre in Hollywood, starting at 7 p.m. Eastern, 4 p.m. PDT.
Shots from the PGA's Genesis Invitational golf tournament held at the Riviera Golf Club in the Pacific Palisades.
Even a potentially historic storm bearing down on California couldn't keep the stars away from the red carpet ahead of the 66th Grammy Awards in Los Angeles.