Inflation slowed in July, showing Fed's rate hikes are working
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
MoneyWatch
Latest News
Inflation bill could be "game-changing" for millions of U.S. seniors
Experts say the bill would help many older Americans with high drug costs save thousands of dollars per year.
Google data center near Omaha explodes, causing service outages
Three Google employees were injured and taken to a nearby hospital after an apparent electrical explosion.
Elon Musk sells $7 billion in Tesla shares amid Twitter fight
Court likely to force Tesla CEO to complete his $44 billion purchase of social media company, Wall Street analyst says.
Online prices fall for the first time in two years
Drop in online prices, driven by discounts on electronics and apparel, raises hopes inflation may be turning the corner.
Civilians hit with "exorbitant" medical bills at military facilities
Only 32 civilian medical debt cases out of 27,000 reviewed between a five-year period were reduced, according to a GAO report.
Novavax shares plunge on weak demand for its COVID-19 vaccine
Biotech CEO said he expects no new revenue for 2022 in the U.S. or through an international partnership.
Federal judge denies LIV golfers bid for PGA Tour postseason
A federal judge in California has ruled three golfers who joined Saudi-backed LIV Golf will not be able to compete in the PGA Tour's postseason.
Italy says "arrivederci" to Domino's Pizza
Restaurant chain hoped to export American-style slices to pizza's culinary birthplace, but Italians weren't buying it.
Managing Your Money
More
How much mortgage can you afford based on your salary, income and assets?
Before you can even start searching for a new home, you first need to zero in on your homebuying budget.
What is a Roth IRA, and how does it work?
Whether you're considering opening a Roth IRA or if you're already using one, it never hurts to understand how it can affect your overall retirement plans.
Your most frequently asked credit card questions, answered
Despite their popularity, credit cards can be confusing. We answer your most frequently asked questions to help you understand how credit cards work and maximize their value.
Money Tech
Online prices fall for the first time in two years
Drop in online prices, driven by discounts on electronics and apparel, raises hopes inflation may be turning the corner.
Bankrupt company drops plan to rehire ex-CFO at $93K a month
Investors had panned the proposal while pleading for release of frozen funds: "I'm begging you," wrote one 72-year-old woman.
Amazon to buy Roomba vacuum maker iRobot for $1.7 billion
Robotic vacuum cleaner manufacturer will also lay off 10% of its workers as sales slump.
Want to cool off in a swimming pool? There's an app for that
Swimply lets private pool owners rent them by the hour, while helping people beat the heat.
Twitter posts quarterly loss ahead of Elon Musk legal fight
Fight with Musk taking a toll, but social media company sees nearly 17% gain in users from the previous year.
Apple slows hiring as tech industry tightens belt, report says
Other tech industry bellwethers are also trimming jobs as they brace for slower consumer spending.
Once-hot NFTs suddenly are not
Hype around nonfungible tokens is starting to fade, but some buyers say they have no regrets.
Amazon sues Facebook group administrators over fake reviews
Retail giant claims "bad actors" on Facebook are recruiting people to post phony reviews about products sold on Amazon.
Bombarded by scammy robo-texts? You're not alone.
New schemes are proliferating just as enforcers are making headway in reducing illegal robocalls, consumer watchdog finds.
Latest News
Trump lawyer who was at Mar-a-Lago for FBI search describes the scene
Lindsey Halligan, a Florida-based attorney for Trump, was at Mar-a-Lago and spoke with CBS News about the FBI search.
Trump will be questioned in New York fraud investigation Wednesday
Trump confirmed it in a post on his social network. The deposition is part of a wide-ranging probe by New York Attorney General Letitia James.
Civilians hit with "exorbitant" medical bills at military facilities
Only 32 civilian medical debt cases out of 27,000 reviewed between a five-year period were reduced, according to a GAO report.
2 soldiers dead, 3 injured in "weather-related" incident in Georgia
This is the second deadly incident involving soldiers stationed in Georgia in the past month
Wisconsin, Minnesota, Vermont and Connecticut primary results
Trump and Pence have backed different candidates in the Wisconsin Republican primary for governor.
Inflation slowed in July, showing Fed's rate hikes are working
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but remaining painfully high for many consumers.
Polio vaccine to be offered to London kids after more virus found
Britain's Health Security Agency said it had detected polio viruses derived from the oral polio vaccine in sewage water from eight boroughs of London.
Doctor caught on camera allegedly poisoning her husband with Drano
Yue Yu, 45, was arrested last Thursday for poisoning her husband of 10 years.
New remains found at Lake Mead may be linked to bones found in July
Police have speculated that more remains may be discovered as the water level at Lake Mead continues to recede.
Small Business
More
Small business faces big challenges: Inflation and 18-hour days
"Would you be comfortable paying $36 for a hamburger? That's kind of what it's worth," says restaurant owner Jenna Petersiel.
For small businesses, looming recession brings uncertainty
But Jessica Johnson-Cope, CEO of a family-owned security services company, remains optimistic even as the U.S. economy darkens.
Want to cool off in a swimming pool? There's an app for that
Swimply lets private pool owners rent them by the hour, while helping people beat the heat.
How to use your car to earn cash without driving for a living
You don't have to work for Uber or Lyft to make money using your car. Instead, just wrap it in ads.
Optimism among small business owners at historic low amid inflation surge
Nationally, 85% of small businesses experienced financial challenges in the last year, according to the Small Business Credit Survey.
Retirement
More
Dems propose raising taxes on high earners to preserve Medicare
Sens. Joe Manchin and Chuck Schumer craft a scaled-back version of the economic package thwarted by Manchin last year.
A common retirement strategy can erode your savings: watchdog
Workers who move 401(k)s into IRAs can lose significant money to a choice they didn't have to make, new analysis shows.
How can you financially prepare for a recession?
"The quicker you move, the more agency you have in reducing the impact of a recession," one expert says.
Stock drop has erased $3 trillion in retirement savings this year
With Americans' nest eggs mostly held in 401(k)s and IRAs, the swoon could force many to delay their retirement.
Social Security bill would give seniors an extra $2,400 a year
Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.
U.S.
More U.S.
2 soldiers dead, 3 injured in "weather-related" incident in Georgia
This is the second deadly incident involving soldiers stationed in Georgia in the past month
Watch Live: Biden to sign burn pit legislation into law
The bill is the largest expansion of health care benefits for veterans exposed to toxins in more than 30 years.
Civilians hit with "exorbitant" medical bills at military facilities
Only 32 civilian medical debt cases out of 27,000 reviewed between a five-year period were reduced, according to a GAO report.
Woman rescued moments before car swallowed by sinkhole
Within moments of the woman being rescued, only the tail end of the car could be seen above the water on the road.
Inflation slowed in July, showing Fed's rate hikes are working
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
MoneyWatch
More MoneyWatch
Civilians hit with "exorbitant" medical bills at military facilities
Only 32 civilian medical debt cases out of 27,000 reviewed between a five-year period were reduced, according to a GAO report.
Inflation slowed in July, showing Fed's rate hikes are working
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
Elon Musk sells $7 billion in Tesla shares amid Twitter fight
Court likely to force Tesla CEO to complete his $44 billion purchase of social media company, Wall Street analyst says.
Federal judge denies LIV golfers bid for PGA Tour postseason
A federal judge in California has ruled three golfers who joined Saudi-backed LIV Golf will not be able to compete in the PGA Tour's postseason.
Italy says "arrivederci" to Domino's Pizza
Restaurant chain hoped to export American-style slices to pizza's culinary birthplace, but Italians weren't buying it.
Politics
More Politics
Watch Live: Biden to sign burn pit legislation into law
The bill is the largest expansion of health care benefits for veterans exposed to toxins in more than 30 years.
Trump will be questioned in New York fraud investigation Wednesday
Trump confirmed it in a post on his social network. The deposition is part of a wide-ranging probe by New York Attorney General Letitia James.
Hal Brands on potential of future conflict with China
Host Michael Morell talks with Johns Hopkins China scholar Hal Brands about China and the risk of conflict between the U.S. and China in the coming years.
Nebraska woman charged with helping teen daughter have abortion
Investigators uncovered Facebook messages in which the two discussed using medication to induce an abortion and plans to burn the fetus afterward.
Wisconsin, Minnesota, Vermont and Connecticut primary results
Trump and Pence have backed different candidates in the Wisconsin Republican primary for governor.
Health
More Health
Polio vaccine to be offered to London kids after more virus found
Britain's Health Security Agency said it had detected polio viruses derived from the oral polio vaccine in sewage water from eight boroughs of London.
Impact of intermittent fasting on weight loss
A new study published in the JAMA Internal Medicine found eating only between the hours of 7am and 3pm could help people lose weight and treat hypertension. Good Housekeeping's deputy nutrition director and registered dietician Stefani Sassos joins "CBS Mornings" to discuss the study's findings and limitations.
Trial for rectal cancer offers hope
A small immunotherapy trial for a certain type of rectal cancer reports a 100% success rate. Dr. Jon LaPook explains how it's designed to work, and how it could be used as a model to treat other cancers.
Military medical centers sending huge bills
Only on "CBS Mornings," members of Congress are calling on the Department of Defense to do more to help civilians who have gotten huge medical bills for emergency treatment at U.S. military facilities. A non-partisan government report says even though many of those bills could be waived or reduced, the DOD almost never does. Anna Werner reports.
U.S. moves to stretch out monkeypox vaccine supply
The Food and Drug Administration has greenlit the Biden administration's plan to stretch out its limited supply of monkeypox vaccine by allowing shots that use only one-fifth of the usual dose.
World
More World
Lin-Manuel Miranda and "Hamilton" launch abortion access fundraiser
"We can stand up for every person's right to make decisions about their own body and their own lives," say the people behind the global musical hit.
Polio vaccine to be offered to London kids after more virus found
Britain's Health Security Agency said it had detected polio viruses derived from the oral polio vaccine in sewage water from eight boroughs of London.
Russian journalist who's protested Ukraine war faces criminal charge
Former state TV producer Marina Ovsyannikova's home was raided and she's facing a criminal case under a law forbidding "false information" on Russia's military.
Dozens of people missing after packed migrant boat sinks
"According to the statements of 29 rescued people, there were 80 people on the boat, so up to 50 people are missing," according to the Greek Coast Guard.
Star jockey dies after falling from his horse during a race
Yanagida, who was nicknamed "Tiger" in the racing industry, reportedly rode 162 winners in New Zealand
Entertainment
More Entertainment
Entertainment
Lamont Dozier, Motown legend, dies at 81
Motown hitmaker Lamont Dozier has died. The Detroit native was part of the legendary songwriting team behind dozens of classics, including "You Can't Hurry Love," "Stop in the Name of Love," "Reach Out, I'll Be There," and more.
Marshawn Lynch arrested on suspicion of DUI in Las Vegas
"Through the course of the investigation, officers determined that Lynch was impaired and conducted an arrest," Las Vegas police said.
What is vasculitis? Ashton Kutcher says he battled rare disease
"I had this weird, super rare form of vasculitis, that like knocked out my vision, it knocked out my hearing, it knocked out like all my equilibrium," Kutcher said.
Motown legend Lamont Dozier dead at 81
Over a four-year period, 1963-67, Lamont Dozier and brothers Brian and Eddie Holland crafted more than 25 top 10 songs.
Stars and friends pay tribute to Olivia Newton-John
"Hopelessly Devoted to YOU, Olivia Newton John": Stars share their memories with the singer and actress, who died at age 73 after a long battle with cancer.
Technology
More Technology
Snapchat's new features will let parents see who their kids are talking to
The new in-app tool will let parents keep a closer eye on their kids – without letting them read private conversations.
Cool summer energy bills with smart home systems
NerdWallet personal finance expert Sara Rathner explains how to use smart home tech to save on energy costs.
Biden signs bill to boost U.S. chip production
President Biden has signed the bipartisan Chips and Science Act, designed to help boost manufacturing of computer chips in the U.S. and decrease reliance on overseas manufacturing of the components that power nearly all facets of modern technology. Meg Oliver reports.
Online prices fall for the first time in two years
Drop in online prices, driven by discounts on electronics and apparel, raises hopes inflation may be turning the corner.
Bankrupt company drops plan to rehire ex-CFO at $93K a month
Investors had panned the proposal while pleading for release of frozen funds: "I'm begging you," wrote one 72-year-old woman.
Science
More Science
Study finds spiders likely sleep and dream a lot like people
Researchers in Germany monitored jumping spiders as they snoozed, and saw characteristic traits of REM sleep never observed before in invertebrates.
Evidence of "bone-crushing" dog found at Tennessee fossil site
The university says this is the first evidence of a dog at the site that was a densely forested habitat with plants and tree-dwelling animals.
"Terrifying" study links climate hazards to hundreds of infectious diseases
"There is no speculation here whatsoever," the study's lead author said. "These are things that have already happened."
Due to climate change, Nevada says goodbye to grass
In a state where every drop of water counts, ornamental grass – which accounts for a large percentage of outdoor water use – has been banned in Southern Nevada, just one step being taken to address rising temperatures and shriveling reservoirs.
Experts call for more public urgency on climate change
In a state where every drop of water counts, ornamental grass – which accounts for a large percentage of outdoor water use – has been banned in Southern Nevada. Correspondent Tracy Smith talks with climate and water experts about the steps being taken (or not) to address rising temperatures; and with astrophysicist Neil deGrasse Tyson about the lack of urgency he says is hampering humanity's ability to counter this existential threat to our planet.
Crime
More Crime
7 murder convictions tied to disgraced Chicago cop vacated
Reynaldo Guevara - a former member of a police department dogged by decades of scandal, cover-ups and brutality - has never been charged with a crime.
Truck driver acquitted in deaths of 7 motorcyclists in horrific 2019 crash
The bikers were members of the Jarheads Motorcycle Club, a Marine group. The driver was still being held pending court action on an ICE claim against him.
Arrest made in killings of Muslim men
Police in New Mexico have made an arrest in the killing of four Muslim men in Albuquerque. 51-year-old Muhammad Syed been charged for two of those killings and identified as the primary suspect in two others. Omar Villafranca has more on this development.
Grandpa, grandkids among 4 dead in golf cart crash: "A bad dream"
The driver of the SUV, Miguel Espinoza, has been charged with four counts of intoxication manslaughter.
DNA leads to arrest 40 years after girl abducted from bus stop, killed
A detective said he arrested Ramirez, who appeared so shocked he could say little more than, "Oh my gosh."
Space
More Space
How to watch the Sturgeon moon – the last supermoon of the year
The Sturgeon moon will be the last supermoon until August of 2023.
Scientist apologizes after posting image of star that was actually sausage
Etienne Klein apologized for misleading some Twitter followers with his "scientist's joke."
SpaceX launches Korean moon probe
South Korea's first moon mission will search for ice in permanently shadowed polar craters.
Blue Origin launches 6 passengers on sub-orbital trip to space
It was the sixth crewed flight of Blue Origin's New Shepard sub-orbital spacecraft.
Space Force early warning satellite launched into orbit
The $1.2 billion SBIRS satellite is the sixth and final member of a space-based fleet of infrared early warning stations.
Latest Galleries
More Latest Galleries
The Circleville letters: You've got hate mail
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
Timeline: The Jonelle Matthews case
Inside the case against Steven Pankey, a former political candidate who was tried for the kidnapping and murder of a Colorado 12-year-old.
The 50 most expensive colleges in America, ranked
These colleges come with a hefty price tag
Deadliest states for drug overdoses
CDC data reveals which U.S. state has the highest rate of drug overdose-related deaths per 100,000 residents.
The disappearance of Carole Baskin's then-husband Don Lewis
An inside look at the puzzling disappearance of the Florida millionaire
Latest Videos
More Latest Videos
Latest Videos
Inflation rate down from 40-year high
The Consumer Price Index rose to 8.5% in the month of July, bringing inflation down from its 40-year high. Gas prices are falling, but the cost of food and rent are still increasing. Lori Bettinger, president of BancAlliance and the former director of the U.S. Treasury's Troubled Asset Relief Program, joined CBS News to discuss what this data means for the economy.
Trump-backed candidates dominate GOP primaries
Candidates backed by former President Trump had good outcomes in Tuesday's primary elections. CBS News senior White House and political correspondent Ed O'Keefe joins "CBS News Mornings" to discuss.
N.Y. official urge polio vaccinations
One person has become severely ill after contracting polio in New York state, and health experts have found traces of the virus in wastewater in two counties. Denis Nash, distinguished professor of epidemiology at the City University of New York Graduate School of Public Health, joins "CBS News Mornings" to discuss.
Inflation impacting back-to-school shopping
Families getting ready to send kids back to school are facing higher prices for school supplies, clothes and other items. Axios senior reporter Kelly Tyko joins "CBS News Mornings" with advice on how to save money when back-to-school shopping.
Woman rescued before sinkhole swallows car
A woman in El Paso was rescued from her car on Tuesday moments before it was swallowed up by a sinkhole.