Key inflation gauge surged 5.8% in 2021 — most in 39 years
Consumer prices and employer costs are rising at their fastest pace in decades, as Fed moves to douse inflation.
MoneyWatch
Gas stoves worse for climate than previously thought, study shows
Stoves continuously leak small amounts of methane, emitting as much greenhouse gas as 500,000 cars put out in one year.
Interest rates are set to rise. Here's how that will affect consumers.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Apple notches record results despite supply-chain snags
Tech company is showing "Teflon-like" resistance to semiconductor shortages, Wall Street analysts say.
"Meme stocks" have returned to Earth — and to a changed market
Although stocks embraced on social media last year have nosed down, Wall Street pros say they've changed the investment game.
Here's how long it will take to get your tax refund in 2022
The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
Many stores expect to offer free N95 masks this week
For most Americans, getting their hands on the higher quality masks will require some patience.
What's behind the push for a fourth stimulus check
IRS has distributed almost 170 million payments. But hardship remains widespread as the Omicron variant spreads.
Federal judge blocks big Gulf of Mexico oil lease sale
The judge said the Biden administration didn't adequately take into account the effect the drilling would have on planet-warming greenhouse gas emissions, violating a bedrock environmental law.
Amazon warehouse workers in NYC get OK to vote on union
"We quickly bounced back" and kept gathering signatures, organizer Christian Smalls said after getting green light from NLRB.
Apple AirTags are being used to stalk people
The small devices, designed to track belongings, are being misused to keep tabs on unsuspecting individuals.
School wrongly gave scholarships to 58 students. Now it's making it right.
Central Michigan University is blaming a technical error for mistakenly telling the students they'd been awarded a full ride.
Tesla halts new models in 2022, citing chip shortages
That means yet another delay for the Cybertruck pickup, which was originally scheduled to go on sale last year.
Unemployment claims fall for the first time in a month
The job market remains tight as the U.S. economy expands at its fastest pace since 1984.
Fed appears poised for rate increase in March
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Latest News
Powerful winter storm forecast to slam East Coast
It could be the largest Nor'easter in years as parts of New Jersey, Maine, Massachusetts and Maryland are under blizzard warnings.
Pittsburgh bridge collapse injures 10 people
President Biden is expected to visit the area later Friday.
Nine officers fatally shoot pedestrian on Nashville interstate
The shooting came after a half-hour standoff caught on body cameras.
Biden and Zelenskyy speak amid Russia's military buildup
President Biden later tweeted a continuation of Washington's hard line, saying the U.S. "will respond decisively — along with our Allies and partners — if Russia further invades Ukraine."
Biden says he'll name a Black woman to Supreme Court by end of February
"It's long overdue, in my view," the president said, announcing the retirement of Justice Stephen Breyer.
Millions can't isolate from COVID at home. Here's what experts suggest.
The CDC has modified its isolation and quarantine guidance several times since its major update last month.
Alabama executes inmate after Supreme Court clears way
Matthew Reeves claimed the state failed to help him understand a form that would have let him choose a new execution method involving nitrogen.
Federal judge blocks big Gulf of Mexico oil lease sale
The judge said saying the Biden administration didn't adequately take into account the effect the drilling would have on planet-warming greenhouse gas emissions, violating a bedrock environmental law.
Here's how long it will take to get your tax refund in 2022
The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
Money Tech
More
2,750 people have more wealth than half the planet: report
Inequality during the pandemic has swelled to the highest level in over a century, new economic data show.
Key inflation gauge surged 5.8% in 2021 — most in 39 years
Consumer prices and employer costs are rising at their fastest pace in decades, as Fed moves to douse inflation.
Apple notches record results despite supply-chain snags
Tech company is showing "Teflon-like" resistance to semiconductor shortages, Wall Street analysts say.
What's behind the push for a fourth stimulus check
IRS has distributed almost 170 million payments. But hardship remains widespread as the Omicron variant spreads.
Gas stoves worse for climate than previously thought, study shows
Stoves continuously leak small amounts of methane, emitting as much greenhouse gas as 500,000 cars put out in one year.
Small Business
More
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.
Their small business was big events — then they had to adapt
The Vintage Market had shows with up to 30,000 in attendance. After the pandemic, its owners found new ways to survive.
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.
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.
Pittsburgh bridge collapse injures 10 people
President Biden is expected to visit the area Friday to discuss infrastructure.
Key inflation gauge surged 5.8% in 2021 — most in 39 years
Consumer prices and employer costs are rising at their fastest pace in decades, as Fed moves to douse inflation.
Powerful winter storm forecast to slam East Coast
It could be the largest Nor'easter in years as parts of New Jersey, Maine, Massachusetts and Maryland are under blizzard warnings.
Did man stage a freak car accident to cover up wife's murder?
The couple's children say their father is innocent and point out that he had 28 guns in the basement if he really wanted to kill her.
Nine officers fatally shoot pedestrian on Nashville interstate
The shooting came after a half-hour standoff caught on body cameras.
Politics
More Politics
Biden and Zelenskyy speak amid Russia's military buildup
President Biden later tweeted a continuation of Washington's hard line toward Moscow, saying the U.S. "will respond decisively — along with our Allies and partners — if Russia further invades Ukraine."
As Ukrainians pray for peace, Russia keeps hope for diplomacy alive
Moscow is disappointed by the U.S. and NATO's response to its demand for "security guarantees," but the Kremlin at least sees "hope for the start of a serious conversation."
Biden says he'll name a Black woman for Supreme Court by end of February
"It's long overdue, in my view," the president said, announcing the retirement of Justice Stephen Breyer.
What's behind the push for a fourth stimulus check
IRS has distributed almost 170 million payments. But hardship remains widespread as the Omicron variant spreads.
Read the Supreme Court justices' reactions to Breyer's retirement
Liberal or conservative, his fellow justices appear to have developed a warm friendship with Breyer over the years.
Health
More Health
Millions can't isolate from COVID at home. Here's what experts suggest.
The CDC has modified its isolation and quarantine guidance several times since its major update last month.
Surgeon General on how U.S. can "get to a better place" with COVID
"While we are heading in the right direction, we are not where we want to be," Dr. Vivek Murthy told CBS News
Woman is vaccinated, and "grateful," after ICU stay in pregnancy
"I would sit and count my breaths because I didn't know if I would survive the night," she said.
Scientists keep an eye on "stealth" Omicron variant BA.2
This version of the coronavirus, which scientists call BA.2, has been found in at least 40 countries, including the U.S.
Spotify says it will grant Neil Young's request to remove his music
Young asked for his music to be removed over Spotify's hosting of Joe Rogan's podcast, which features what Young called "life-threatening misinformation."
MoneyWatch
More MoneyWatch
Key inflation gauge surged 5.8% in 2021 — most in 39 years
Consumer prices and employer costs are rising at their fastest pace in decades, as Fed moves to douse inflation.
Gas stoves worse for climate than previously thought, study shows
Stoves continuously leak small amounts of methane, emitting as much greenhouse gas as 500,000 cars put out in one year.
Interest rates are set to rise. Here's how that will affect consumers.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Apple notches record results despite supply-chain snags
Tech company is showing "Teflon-like" resistance to semiconductor shortages, Wall Street analysts say.
"Meme stocks" have returned to Earth — and to a changed market
Although stocks embraced on social media last year have nosed down, Wall Street pros say they've changed the investment game.
World
More World
Biden and Zelenskyy speak amid Russia's military buildup
President Biden later tweeted a continuation of Washington's hard line toward Moscow, saying the U.S. "will respond decisively — along with our Allies and partners — if Russia further invades Ukraine."
As Ukrainians pray for peace, Russia keeps hope for diplomacy alive
Moscow is disappointed by the U.S. and NATO's response to its demand for "security guarantees," but the Kremlin at least sees "hope for the start of a serious conversation."
Holocaust survivor tells students: "We cannot let it happen again"
"Undeniable: The Truth to Remember," on CBS and Paramount+, follows several Holocaust survivors who share their harrowing stories with a diverse group of high school students.
Russia claims jailed U.S. teacher is a "large scale" drug smuggler
Marc Fogel says he brought less than half an ounce of medical marijuana with him to Russia, not knowing it was illegal. Russia says he was trying to set up a smuggling route.
98-year-old Holocaust survivor shares her story on TikTok
Holocaust survivor Lily Ebert has shared her stories from the Auschwitz death camp for decades. Now, with the help of her great-grandson, she is amassing followers on TikTok as users flock to learn more.
Entertainment
More Entertainment
Entertainment
Nicole Kidman on portraying a legend
“CBS Mornings” co-host Gayle King sits down with Golden Globe winner Nicole Kidman to talk about her role as Lucille Ball in the new film "Being the Ricardos." Kidman had access to secret recordings to transform into character.
Best shows to watch on Netflix right now – January 2022
One of these shows could be your next binge obsession.
Best movies streaming right now on Netflix
Looking for something fresh to watch? Here are the top films available on the streaming platform.
"Jeopardy!" champion's winning streak ends
After 40 consecutive victories, "Jeopardy!" champion Amy Schneider's winning streak came to an end Wednesday. Her cash winnings on the show reached over a million dollars, placing her in fourth place for highest all-time regular season cash winnings on the show.
Rick Glassman on new TV show "As We See It"
"As We See It," a new show on Prime Video, is a TV first as the three lead actors, who play characters on the autism spectrum, also identify as living on the spectrum. Actor Rick Glassman joins "CBS Mornings" to talk about the series and positive feedback the show has received.
Technology
More Technology
Apple notches record results despite supply-chain snags
Tech company is showing "Teflon-like" resistance to semiconductor shortages, Wall Street analysts say.
Amazon warehouse workers in NYC get OK to vote on union
"We quickly bounced back" and kept gathering signatures, organizer Christian Smalls said after getting green light from NLRB.
Tesla halts new models in 2022, citing chip shortages
That means yet another delay for the Cybertruck pickup, which was originally scheduled to go on sale last year.
Picasso heirs launch NFTs of ceramic work by famed artist
"We're trying to build a bridge between the NFT world and the fine art world,"the famed artist's great-grandson said.
GM is "aggressively moving" on electric vehicles, CEO Mary Barra says
GM is investing nearly $7 billion in Michigan to build a new battery plant and overhaul an existing factory to make electric trucks.
Science
More Science
Gas stoves worse for climate than previously thought, study shows
Stoves continuously leak small amounts of methane, emitting as much greenhouse gas as 500,000 cars put out in one year.
Astronomers discover mysterious space object emitting giant radio waves
"Somehow it's converting magnetic energy to radio waves much more effectively than anything we've seen before," team leader Dr. Hurley-Walker said.
GM is "aggressively moving" on electric vehicles, CEO Mary Barra says
GM is investing nearly $7 billion in Michigan to build a new battery plant and overhaul an existing factory to make electric trucks.
Ghostly monkey, twin slug snake among 224 new species identified
There are also dozens of newly identified reptiles, frogs and newts, fish and 155 plant species, including the only known succulent bamboo species, found in Laos.
Man who needs new heart refuses to get vaccine
A 31-year-old man who needs a new heart isn't getting one because he hasn't been vaccinated against COVID-19. David Ferguson said his son DJ refuses to get the shot, and the hospital treating him said the coronavirus vaccine is one of several required for transplant candidates. Paul Burton of CBS Boston reports.
Crime
More Crime
Did man stage a freak car accident to cover up wife's murder?
The couple's children say their father is innocent and point out that he had 28 guns in the basement if he really wanted to kill her.
Nine officers fatally shoot pedestrian on Nashville interstate
The shooting came after a half-hour standoff caught on body cameras.
Man identified through DNA charged in 1978 killing of girl
Mark Personette was arrested in suburban Denver in connection with the 1978 death of 15-year-old Marissa Harvey.
Suspect arrested after Houston officers shot
A suspect is in custody Friday morning following the shooting of three police officers in central Houston. It is the latest incident in what has been a violent month for police officers across the nation. Jeff Pegues reports.
The Trials of Critical Race Theory
A new episode of CBS Reports' Reverb series examines the backlash to so-called critical race theory in schools and the impact on students and teachers.
Space
More Space
SpaceX rocket piece on track to collide with the moon
This is believed to be the first unintentional case of space junk hitting the moon, one astronomer said.
5 amazing facts about the James Webb Space Telescope
Technically, it could also see details as small as a U.S. penny at a distance of about 25 miles.
Saturn's tiny frozen moon could be a "stealth" ocean world
The latest discovery has "expanded the definition of a potentially habitable world in our solar system and beyond," scientists say.
Webb space telescope reaches orbit nearly a million miles away
With Webb on station, engineers will focus on aligning the telescope's optical system.
Webb space telescope nearing destination a million miles away
If all goes well, Webb will be 100 times more powerful than Hubble — so sensitive to infrared light that it could detect the faint heat of a bumble bee as far away as the moon.
Latest Galleries
More Latest Galleries
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Best shows to watch on Netflix right now – January 2022
One of these shows could be your next binge obsession.
Best movies streaming right now on Netflix
Looking for something fresh to watch? Here are the top films available on the streaming platform.
Top U.S. athletes to watch at Beijing Winter Olympics
Thousands of the world's best athletes are getting ready for the Beijing Winter Olympics. These top Americans should be on your list to watch.
Evidence in the Suzanne Morphew case
Bizarre clues and evidence in the investigation into the Colorado mother's disappearance include a spy pen, plastic needle cap, and a chipmunk alibi.
Latest Videos
More Latest Videos
Latest Videos
Holocaust survivor takes to TikTok
Lily Ebert is a 98-year-old Holocaust survivor who has gone viral on TikTok, with the help of her 18-year-old great-grandson. Together, they are sharing inspiring messages and teaching a younger generation about the horrors of the Holocaust. Charlie D'Agata reports.
Here Comes The Sun: Kirsten Dunst, Marcel Duchamp
Kirsten Dunst has spent the better part of her life in front of the camera. In a "Here Comes The Sun" exclusive, she discusses freedom from fear and other lessons learned from acting. We also have a story on influential artist Marcel Duchamp that may leave you asking, "Is that art?" "Here Comes The Sun" is a closer look at some of the people, places and things we bring you every week on "CBS Sunday Morning."
Eye On America: Inspiring youth, threat to tribal land
An alternative music program in California is motivating high school students to open up about anxiety, anger and depression. Meanwhile, rising ocean water in Washington state is consuming a Native American tribe's land. Watch these stores and more on "Eye on America" with host Michelle Miller.
Bridge collapses in Pittsburgh
Emergency crews are on the scene of a bridge collapse in Pittsburgh, and officials say it appears there were only minor injuries. President Biden is scheduled to visit the city today to talk about the economy and infrastructure. CBS News' Anne-Marie Green and Vladimir Duthiers have more on the breaking news.
Nicole Kidman on portraying a legend
“CBS Mornings” co-host Gayle King sits down with Golden Globe winner Nicole Kidman to talk about her role as Lucille Ball in the new film "Being the Ricardos." Kidman had access to secret recordings to transform into character.