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.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
The victim, identified only as a man in his 50s, was pronounced dead at the scene.
The Kimberly-Clark distribution center in Ontario was fully engulfed in flames. Several Southern California agencies responded to provide assistance.
Adrian Kempe scored the only goal of the shootout in the second round, and the Los Angeles Kings tightened the Western Conference playoff race with a 3-2 win over the Nashville Predators.
Southern California residents are voicing their frustrations over the cost of tickets for the LA28 Olympic Games, which event organizers have billed as affordable, especially after getting early access last week.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
The victim, identified only as a man in his 50s, was pronounced dead at the scene.
The Kimberly-Clark distribution center in Ontario was fully engulfed in flames. Several Southern California agencies responded to provide assistance.
Southern California residents are voicing their frustrations over the cost of tickets for the LA28 Olympic Games, which event organizers have billed as affordable, especially after getting early access last week.
The LA Times report questioned whether Pratt lived in LA, a requirement for mayoral candidates. Pratt admitted that he moved to Santa Barbara after his house burned down in the Palisades Fire.
The Kimberly-Clark distribution center in Ontario was fully engulfed in flames. Several Southern California agencies responded to provide assistance.
Southern California residents are voicing their frustrations over the cost of tickets for the LA28 Olympic Games, which event organizers have billed as affordable, especially after getting early access last week.
The LA Times report questioned whether Pratt lived in LA, a requirement for mayoral candidates. Pratt admitted that he moved to Santa Barbara after his house burned down in the Palisades Fire.
The 76-year-old said he's honoring a lesser-known labor organizer who pre-dated Chavez -- Bert Corona. Moya said he originally wanted to honor Corona in the Jackson Street mural five years ago.
Annabelle Miller created a new game to help cut through the noise, teaching people how to spot fraud before it's too late. "The main thing you want to look out for with a scam is urgency," Miller explained at a recent presentation.
Two Inland Empire teenagers, including the daughter of an Orange County firefighter, were hospitalized with severe injuries after they were involved in an off-roading accident in Utah last week.
A man's suspicious death in Orange County led to a bust at an illegal gambling operation early Sunday morning, according to authorities.
With some non-citizens no longer eligible for Cal Fresh benefits, Orange County food banks are bracing for an influx of clients.
Honest drivers are now saving money after new cameras deterred toll violators from using the 91 Freeway's carpool lanes.
Renowned marine biologist Chris Lowe said the unusually warm winter has pushed young white sharks to Southern California's coastline.
A 61-year-old woman was killed early Sunday morning when she crashed off the side of a freeway in Riverside County, according to the California Highway Patrol.
Two Inland Empire teenagers, including the daughter of an Orange County firefighter, were hospitalized with severe injuries after they were involved in an off-roading accident in Utah last week.
A San Bernardino County Sheriff's Department deputy and an innocent driver were hospitalized after a crash stemming from a motorcycle pursuit in Fontana on Sunday.
A burglary suspect who allegedly stole from several people visiting the Riverside National Cemetery in recent months was arrested on Saturday following a pursuit, Riverside County deputies said.
A 27-year-old man was fatally shot late Saturday in the 45000 block of Castile Canyon Road, according to Riverside County deputies.
This is Michigan's second NCAA title in school history, and the win ends a 26-year national championship drought for the Big Ten.
Kawhi Leonard scored 26 points and the Los Angeles Clippers snapped a two-game skid by beating the Sacramento Kings 138-109 to improve their playoff positioning.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
Officials said the incident does not appear to be an intentional act based on a preliminary investigation.
Candace Parker, Elena Delle Donne, Chamique Holdsclaw and the 1996 U.S. Olympic women's basketball team will be enshrined in the Naismith Memorial Basketball Hall of Fame later this year.
The LA Times report questioned whether Pratt lived in LA, a requirement for mayoral candidates. Pratt admitted that he moved to Santa Barbara after his house burned down in the Palisades Fire.
The endorsement comes as two Republicans vie for the top two spots in June's primary election amid a crowded, split Democratic field.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
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.
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.
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.
A nonprofit that booked a Social Agent said it's a lot cheaper than hiring someone to do their social media full-time. A typical job runs about $200, with same-day delivery, and if clients already have footage, they can upload it and get a finished piece.
A California judge has tentatively stopped the state from canceling commercial licenses for more than 20,000 immigrant truck drivers.
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.
Adrian Kempe scored the only goal of the shootout in the second round, and the Los Angeles Kings tightened the Western Conference playoff race with a 3-2 win over the Nashville Predators.
Southern California residents are voicing their frustrations over the cost of tickets for the LA28 Olympic Games, which event organizers have billed as affordable, especially after getting early access last week.
José Soriano pitched eight dominant innings and the Los Angeles Angels got home runs from Zach Neto and Jo Adell in a 6-2 victory over the Atlanta Braves.
This is Michigan's second NCAA title in school history, and the win ends a 26-year national championship drought for the Big Ten.
Dalton Rushing hit two solo home runs for his first career multihomer game and the Los Angeles Dodgers went deep five times to rout the Toronto Blue Jays 14-2 on Monday in a rematch of the 2025 World Series.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
Several agencies are battling a massive 6-alarm fire at a warehouse in Ontario. Authorities said an individual was taken into custody as a possible arson suspect.
Temperatures on Tuesday in Southern California will continue to be about 1 to 3 degrees cooler. There will be an increase in sea breeze before a chance of rain returns over the weekend.
Police are investigating after a man was beaten to death with a pole near the Los Angeles Convention Center early Tuesday morning. Tina Patel reports.
Lesley Marin reports from DeForest Park in Long Beach, where an investigation into the discovery of human remains continues after they were found by a family doing an Easter egg hunt on Sunday.
Southern California residents are voicing their frustrations over the cost of tickets for the LA28 Olympic Games, which event organizers have billed as affordable, especially after getting early access last week. Laurie Perez 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.
