Inflation to last into 2023, says Congressional Budget Office
CBO's forecast suggests that inflation will slow from current annual levels of 8.3%, yet it would still be dramatically above a long-term baseline of 2.3%.
MoneyWatch
One legacy of COVID-19: More cash for Americans in need
Guaranteed income programs are sprouting up around the U.S. One mayor calls them "a form of economic resilience."
Here's how much the typical CEO made last year
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
More peanut butter products made with recalled Jif pulled
Federal officials warn against eating any of dozens of food items because of a multi-state salmonella outbreak.
FDA chief struggles to explain slow response on baby formula
Commissioner Robert Califf admitted the agency's reaction was "too slow," while a formula maker exec apologized to parents.
Elon Musk revises Twitter financing plan to include more equity
News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.
These U.S. companies are still doing business in Russia
Starbucks and McDonald's are leaving, but other food chains and American companies are "digging in," Yale professor says.
Twitter deceived people about how it used their data, FTC says
Feds allege the social media service cited security reasons in asking for phone numbers and emails, but used the info for ads.
More baby formula will soon hit store shelves, FDA says
Abbott Nutrition and U.K.-based Kendal Nutricare plan to ship more than 2 million cans of formula.
FDA chief to detail delays inspecting baby formula plant
FDA Commissioner Robert Califf will answer questions from House lawmakers about what's caused the formula shortage.
Pfizer lowers drug prices for some of world's poorest nations
"Supply was not enough to resolve the issues that these countries are having," Pfizer's CEO said at Davos.
Climate change case against Exxon can proceed, court rules
Massachusetts Attorney General Maura Healey says oil giant misled investors about the risks posed by global warming.
Billionaire in $1.4B tax case ruled mentally fit for trial
Lawyers for the software mogul argued he is mentally unfit, but a federal judge calls him "extremely intelligent."
Fireproof "Handmaid's Tale" edition is up for auction
Single edition of Margaret Atwood's novel, one of the most banned books in the U.S., could sell for as much as $100,000.
Latest News
What we know about the victims of the Uvalde school shooting
19 children and two teachers are dead and several more injured after a gunman opened fire at a Texas elementary school.
Watch Live: Police give updates amid questions over shooting response
Law enforcement authorities are facing mounting questions and criticism over how much time elapsed before they put a stop to the rampage.
Ray Liotta, iconic "Goodfellas" actor, dies at age 67
Liotta was 67 and is best known for his role as Henry Hill in the Scorsese mob classic "Goodfellas."
Trump must testify in N.Y. fraud investigation, appeals court rules
The court upheld a judge's ruling that the Trumps' fear that their depositions might end up being used in a parallel criminal investigation did not shield them from subpoenas.
Kevin Spacey charged with 4 counts of sexual assault
Britain's Crown Prosecution Service charged the Hollywood star with four counts of sexual assault against three men over incidents alleged to have taken place between 2005 and 2013.
Testimony concludes in civil trial between Johnny Depp and Amber Heard
Depp is suing Heard for libel over a 2018 op-ed she wrote describing herself as "a public figure representing domestic abuse."
Florida lawmaker says Biden will "learn" if anyone tries takes away guns
In a tweet directed at President Joe Biden, Fine said, "try to take our guns and you'll learn why the Second Amendment was written in the first place."
Senate fails to advance domestic terrorism bill over GOP opposition
The vote to begin debate failed by a margin of 47 to 47, falling short of the 60-vote threshold needed to overcome Republican opposition.
Minneapolis renames intersection to honor George Floyd
The renaming was followed by a candlelight vigil at a nearby ceremony.
Money Tech
More
Mastercard wants to let you buy stuff with your face
Credit card giant to test biometric system aimed at streamlining the checkout process in stores.
What are Twitter bots, and why is Elon Musk obsessed with them?
Tesla founder wants the SEC to investigate Twitter's claims about spam and fake accounts on the platform.
Elon Musk says Twitter deal is "temporarily on hold"
Tesla founder says his $44 billion purchase of the social media giant is being held up by questions over spam and fake accounts.
Twitter fires 2 executives, adding to Elon Musk buyout turmoil
Social media company said it dismissed two senior managers and will freeze most hiring.
Virtual land rush driving up the cost of space in the metaverse
Top consumer brands and deep-pocketed investors are staking a claim to the next phase of the internet.
Small Business
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Labor shortage is biggest challenge for small businesses
Labor shortages, the Omicron variant and supply chain issues pose significant challenges to small businesses.
Bringing equity to the VC funding process
New data released by Crunchbase shows that only 2.2% of all venture funding went to female-founded startups in the first eight months of this year. Deena Shakir, partner at Lux Capital, joins CBSN to discuss what needs to change to bring equity for female entrepreneurs and investors.
A third of small businesses have reinstated COVID-19 rules
As the Delta variant surges, many small employers are again taking precautions in the way they do business.
NYC giving artists $5,000 checks from Biden stimulus
Some 1,800 artists will receive $5,000 checks, while other federal funds will go to cabbies and homeless people.
44% of small businesses have less than 3 months of cash
"Everything is up in the air," said one Ohio bakery owner who worries that COVID-19 could shut her down again.
Retirement
More
More Americans are working into old age
A growing swath of seniors are working beyond 65, with many needing to supplement their paltry retirement savings.
How gig economy workers can save for retirement
Several types of plans are available, but figuring out which one is right for you can be confusing, so here's some help
When delaying your Social Security benefits pays off
The impact of your age when you begin collecting benefits can be more financially significant than you think
Claiming Social Security too early costs Americans $3.4 trillion
Only 4% of retirees claim the benefit at the optimal time. Everyone else is losing out on $111,000 per household
Hardship withdrawals from your company's 401(k)
The rules for hardship withdrawals are strict and the costs of taking money from your future retirement can be sky-high
U.S.
More U.S.
Watch Live: Police give updates amid questions over shooting response
Law enforcement authorities are facing mounting questions and criticism over how much time elapsed before they put a stop to the rampage.
House Republicans ask banks, Treasury for information on Biden family finances
The letters appear to provide the underpinnings for probes Republicans would pursue if they take control of the House following November's elections.
Here's how much the typical CEO made last year
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
Funeral held for Buffalo security guard killed in mass shooting
Mourners gathered yesterday to honor former police officer Aaron Salter Jr.
Ray Liotta, iconic "Goodfellas" actor, dies at age 67
Liotta was 67 and is best known for his role as Henry Hill in the Scorsese mob classic "Goodfellas."
MoneyWatch
More MoneyWatch
Inflation to last into 2023, says Congressional Budget Office
CBO's forecast suggests that inflation will slow from current annual levels of 8.3%, yet it would still be dramatically above a long-term baseline of 2.3%.
One legacy of COVID-19: More cash for Americans in need
Guaranteed income programs are sprouting up around the U.S. One mayor calls them "a form of economic resilience."
Here's how much the typical CEO made last year
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
More peanut butter products made with recalled Jif pulled
Federal officials warn against eating any of dozens of food items because of a multi-state salmonella outbreak.
Politics
More Politics
House Republicans ask banks, Treasury for information on Biden family finances
The letters appear to provide the underpinnings for probes Republicans would pursue if they take control of the House following November's elections.
Pennsylvania, North Carolina, Kentucky, Idaho and Oregon primary results
CBS News projects Chuck Edwards will win the GOP nomination in North Carolina's 11th Congressional District, defeating incumbent Rep. Madison Cawthorn.
Florida lawmaker says Biden will "learn" if anyone tries takes away guns
In a tweet directed at President Joe Biden, Fine said, "try to take our guns and you'll learn why the Second Amendment was written in the first place."
Blinken says China is greater long-term threat than Russia
The secretary of state said China's vision "would move us away from the universal values that have sustained so much of the world's progress over the past 75 years."
U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
Health
More Health
Health
New link between mental health and arthritis
Clinical health psychologist Dr. Natalie Datillo explains how patients can make connections to reduce pain and increase mobility.
White House touts efforts to expand COVID test-to-treat sites amid latest wave
The moves come in the midst of a surge of COVID hospitalizations among the oldest Americans.
Processing grief after mass shootings
Karin Price, chief of psychology at Texas Children's Hospital, joins “CBS Mornings” with guidance on processing trauma and grief after the school shooting in Uvalde, Texas. She plans on leading a trauma response team that will offer support to the Uvalde community.
Oklahoma governor signs nation's strictest abortion ban
Two of Oklahoma's four abortion clinics already stopped providing abortions after the governor signed a six-week ban earlier this month.
Second federal baby formula shipment arrives in U.S.
Another massive shipment of hypoallergenic baby formula arrived in the U.S. and could be shipped as early as this weekend to retailers, hospitals and families in need. The Food and Drug Administration appointed an independent investigator to look into delays that led to the shortage of formula.
World
More World
Ukraine video shows massive shelling: "Most horrific war of the 21st century"
The ministry said "Ukraine is ready to strike back" — but can only do so it gets NATO-style multiple launch rocket systems.
How other countries have reacted to their own mass shootings
People in Britain, Australia and New Zealand are yet again struggling to comprehend why America's lawmakers appear unmoved by a massacre of innocents.
Pregnant elephant on brink of extinction found dead; poisoning suspected
Indonesia faces an ongoing battle against wildlife crime and several elephant poisoning cases have been reported in recent years.
Kevin Spacey charged with 4 counts of sexual assault
Britain's Crown Prosecution Service charged the Hollywood star with four counts of sexual assault against three men over incidents alleged to have taken place between 2005 and 2013.
CBS News team and Ukrainian troops duck for cover from Russian artillery
The farming village near the city of Kherson was taken back from Russia's occupying forces weeks ago. As CBS News' Imtiaz Tyab discovered, it's still being punished.
Entertainment
More Entertainment
Ray Liotta, iconic "Goodfellas" actor, dies at age 67
Liotta was 67 and is best known for his role as Henry Hill in the Scorsese mob classic "Goodfellas."
Testimony concludes in civil trial between Johnny Depp and Amber Heard
Depp is suing Heard for libel over a 2018 op-ed she wrote describing herself as "a public figure representing domestic abuse."
Tony nominee Jesse Williams on Broadway debut
Actor Jesse Williams joins "CBS Mornings" to talk about his Tony-nominated Broadway debut in "Take Me Out." He discusses the vulnerabilities of this new role, including performing nude.
Actor Glen Powell on "Top Gun: Maverick"
Actor Glen Powell stars in "Top Gun: Maverick" as the young pilot, Hangman. He joins “CBS Mornings'' to discuss how the original "Top Gun" film made him want to be an actor, what it was like working with Tom Cruise and the intense pilot training he went through to prepare for the role.
Johnny Depp calls ex-wife Amber Heard's allegations "cruel and all false"
Depp is suing Heard for libel over a 2018 op-ed she wrote describing herself as "a public figure representing domestic abuse."
Technology
More Technology
Elon Musk revises Twitter financing plan to include more equity
News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.
Twitter deceived people about how it used their data, FTC says
Feds allege the social media service cited security reasons in asking for phone numbers and emails, but used the info for ads.
Social media and the Texas school shooting
Texas Governor Greg Abbott says the school shooting suspect posted several messages about his plans on Facebook minutes before the attack. The company says they were private chat messages. CBS News tech reporter Dan Patterson has the latest on that part of the investigation.
Kids talk impact of cell phones
Nate Burleson sits down with kids to discuss the affects of cell phones and social media on their growth and development. They address the pressures of having a cell phone at an early age.
Activision Blizzard workers vote to unionize, an industry first
Microsoft, which is in the process of buying the Call of Duty publisher for nearly $69 billion, says it will not interfere.
Science
More Science
Chanting climate change activists disrupt Shell shareholders meeting
Some sang "We will, we will stop you!" to the tune of Queen's 1977 rock anthem "We will rock you." Some glued themselves to their seats.
U.S. and Japan teaming to put first Japanese astronaut on moon
No non-American has ever touched down on the lunar surface, and Japan has previously said it hopes to achieve a Moon landing by the end of this decade.
"Efficient predator": Invasive green crab found in new area
The Carcinus maenas — or "raving mad crab" — preys on juvenile clams, out-competes native crab species and wreaks havoc on marine ecosystems.
Major climate indicators set "alarming" records in 2021, U.N. says
The ocean is more acidic than it's been in 26,000 years and hotter than ever as greenhouse gases continue to flood the atmosphere. Here's what it could mean for the climate crisis.
Who will suffer the most as climate change fuels heat waves in India?
As scientists warn heat waves are 100 times more likely in the region, millions of workers can't afford to take a day off, even if the heat could kill them.
Crime
More Crime
Watch Live: Police give updates amid questions over shooting response
Law enforcement authorities are facing mounting questions and criticism over how much time elapsed before they put a stop to the rampage.
Pregnant elephant on brink of extinction found dead; poisoning suspected
Indonesia faces an ongoing battle against wildlife crime and several elephant poisoning cases have been reported in recent years.
Kevin Spacey charged with 4 counts of sexual assault
Britain's Crown Prosecution Service charged the Hollywood star with four counts of sexual assault against three men over incidents alleged to have taken place between 2005 and 2013.
What are school resource officers?
Authorities in Uvalde, Texas, said the gunman in Tuesday's deadly shooting encountered a school district security officer outside Robb Elementary before storming the building and killing 21 people. According to local officials, no gunfire was exchanged in that initial confrontation. Mo Canady, executive director of the National Association of School Resource Officers, joined CBS News to discuss the role of such officers during a crisis situation and what more can be done to protect students.
Father of Texas shooting victim speaks out
Jackie Cazares and her cousin were among the at least 19 children killed at an elementary school in Uvalde, Texas, on Tuesday. Jackie's father says his daughter "brought us together" through COVID and a recent death in the family. "Now, we're being brought together, but it's in tragedy."
Space
More Space
Boeing Starliner ends test flight with pinpoint landing
SpaceX launched 59 small payloads while Boeing wrapped up its Starliner space station flight
Boeing's Starliner catches up with space station
For the first time, two U.S. astronaut ferry ships, from two different vendors are docked at space station.
Boeing Starliner capsule sets off after space station
Grounded earlier by software bugs and corroded valves, Boeing says the Starliner is finally ready for flight.
Boeing Starliner capsule poised for high-stakes flight
NASA is confident Boeing's Starliner astronaut ferry ship is finally ready for prime time.
InSight Mars lander nears the end of the road
NASA expects dwindling power to shut down the InSight Mars lander by the end of the year.
Latest Galleries
More Latest Galleries
What Happened to Tara Grinstead?
A beloved Georgia H.S. teacher went missing in 2005. Over 11 years later, an unexpected arrest -- but will we ever know the truth of what happened?
The best jobs in America in 2022, ranked
Glassdoor recently unveiled its list... and it's not all tech.
The best places to work in 2022, ranked
It's not only tech companies that continue to win over employees with flexible work environments, good pay and better benefits.
How police tracked an old work truck to find Jennifer Dulos' alleged killer
After scouring 12 hours of grainy surveillance footage, investigators say they found the way Fotis Dulos drove the 70 miles to murder his wife.
25 transgender athletes you should know
These athletes are making waves in the worlds of athletics and advocacy.
Latest Videos
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Latest Videos
Are the Kids All Right?: Gen(der) Z
For an unprecedented number of young people in Gen Z, gender is a social construct that needs dismantling. In this CBS Reports documentary, we follow four teens with diverse gender identities to see how they are dealing with and experiencing a world that’s redefining gender.
Gun violence as a public health crisis
Tuesday's Texas school shooting marked the 213th mass shooting in the U.S. this year. CBS News' Jim Axelrod sits down with Dr. Celine Gounder, an editor-at-large for public health for Kaiser Health News, to discuss why gun violence is a public health crisis and what can be done to prevent further tragedies.
Senators voting on domestic terrorism bill
Senators are voting on a bill designed to combat domestic terrorism two days after the Texas school shooting. CBS News' Tanya Rivero chats with CBS News Washington reporter Caitlin Huey-Burns about why the bill is expected to fail and the lasting impact of the mass shootings that have occurred this month.
Travelers, costs up for Memorial Day weekend
An estimated 39.2 million Americans are expected to travel over the holiday weekend, despite high gas and hotel costs.
Grandfather talks search for granddaughter
This grandfather choked up as he described the ongoing search for his missing granddaughter following the massacre at an elementary school in Uvalde, Texas.