Inflation report: Gas and shelter factor into overall rise
The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
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The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
For the first time in more than 50 years, the city's vacancy rate has dropped to 1.4% So how did we get here, and what's being done about it?
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
CBS News Business Analyst Jill Schlesinger joins us to explain what it means for your wallet.
Consumers often hear a car loses its value once you drive it off the lot, but that may not be the case anymore.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Overall, the numbers show slight progress year-over-year, but holiday shoppers are still feeling the pinch. CBS New York's Jill Schlesinger is here with more.
Many feel worse off than their parents' generation as income isn't keeping up.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
CBS News Business Analyst Jill Schlesinger gives us a sense of where things stand and what's ahead in this so-called last mile.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
CBS News' Business Analyst Jill Schlesinger joins us to explain why economists were wrong when they thought we were heading for a recession.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
CBS News Business Analyst Jill Schlesinger joins us to break down the results.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Inflation has come down dramatically since peaking last summer, so where did things stand in July?
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
We sit down with CBS News Business Analyst Jill Schlesinger to discuss the impact on consumers.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
As reporter Danya Bacchus tells us, many items are higher again this year, but some staples are actually down.
Many items are even more expensive this year, while some staples are actually cheaper, CBS New York's Danya Bacchus reports.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
The Milwaukee Brewers rallied past the New York Yankees 4-3 on Saturday.
A woman is mourning the loss of her brother after he was stabbed to death in a random attack in Times Square late Monday night.
A wake was held Saturday for a mother and daughter killed in Monday's tragic apartment building fire in Inwood.
The Arizona Diamondbacks beat the New York Mets 2-1 for a much-needed win on Saturday night.
A man has been arrested following a police standoff in Bridgewater, N.J., that forced residents to shelter in place for over 24 hours, officials say.
A woman is mourning the loss of her brother after he was stabbed to death in a random attack in Times Square late Monday night.
A wake was held Saturday for a mother and daughter killed in Monday's tragic apartment building fire in Inwood.
Tenants in NYCHA's Queensbridge Houses in Long Island City say they've been living without gas in their units for several weeks.
A man is suspected of driving drunk and hitting a teenager in Brooklyn on Friday, police say.
Unions representing thousands of LIRR workers rallied Saturday amid a dispute with the MTA that could trigger their first strike in decades.
An unsettled pattern will continue through this entire Mother's Day weekend in the New York City area.
After summer-like warmth, rainy weather and cooler temperatures return to the New York City area mid-week.
A cool weekend is ahead for the New York City area before warmer weather returns.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Amtrak announced Thursday it is suing Metro-North for allegedly blocking nonrevenue trains on a portion of the busy Northeast Corridor for over two months.
A man has been arrested following a police standoff in Bridgewater, N.J., that forced residents to shelter in place for over 24 hours, officials say.
A woman has been charged with theft for taking a dog outside a Clifton, New Jersey, home in April, police say.
An unsettled pattern will continue through this entire Mother's Day weekend in the New York City area.
The owners of Boulevard Drinks in Jersey City's Journal Square said new building owners gave them until May 27 to get out.
A New Jersey neighborhood was ordered to shelter in place all day as police investigated at a home in Bridgewater Township.
Unions representing thousands of LIRR workers rallied Saturday amid a dispute with the MTA that could trigger their first strike in decades.
A new proposal on Long Island could change how quickly a business has to hand over surveillance video to police during an investigation.
The MTA and five of its unions are embroiled in a contract dispute that could trigger the LIRR's first work stoppage in more than 30 years.
New York Gov. Kathy Hochul announced a $268 billion budget that includes a pied-à-terre tax targeting wealthy New York City second home owners.
Brookhaven town residents are anxious and worried about the underwater toxic plume created by the landfill.
A new proposal on Long Island could change how quickly a business has to hand over surveillance video to police during an investigation.
The Trump administration announced a major expansion of its denaturalization campaign targeting foreign-born American citizens accused of fraudulently obtaining U.S. citizenship.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
New York City's Rent Guidelines Board held a preliminary vote Thursday proposing a potential increase for 1 million rent-stabilized apartments across the five boroughs.
Former New York City Mayor Eric Adams is weighing in on the ongoing war of words between Mayor Zohran Mamdani and billionaire Ken Griffin.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
Two New Jersey residents were potentially exposed to a person infected with hantavirus, according to health officials.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
There's been a confirmed measles case in Manhattan, health officials said Tuesday.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
Firefighters responded to Broadway's Eugene O'Neill Theater Monday morning after a blaze broke out.
The Milwaukee Brewers rallied past the New York Yankees 4-3 on Saturday.
The Arizona Diamondbacks beat the New York Mets 2-1 for a much-needed win on Saturday night.
Rookie Jorge Ruvalcaba, Cade Cowell and Eric Maxim Choupo-Moting scored goals to lead the Red Bulls to a 3-1 victory the Fire on Saturday.
Mark Vientos led off the 10th inning with a tiebreaking double to help the New York Mets beat the Arizona Diamondbacks 3-1 on Friday night.
Jacob Misiorowski reached 103 mph on 10 pitches while pitching two-hit ball over six innings in the Brewers' 6-0 victory over the Yankees on Friday.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
The Davis Center at the Harlem Meer is celebrating one year of providing year-round recreation space to New Yorkers while still spreading the word to residents.
Residents displaced by a deadly apartment building fire in Inwood say it was only a matter of time before their building went up in flames.
In New York City, where land is at a premium, a stockpile of pristine soil unearthed at construction sites helps lower emissions and support urban farmers.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
CBS News New York's Vanessa Murdock has your weather forecast for May 9 at 11 p.m.
A woman is mourning the loss of her brother after he was stabbed to death in a random attack in Times Square late Monday night. CBS News New York's Naomi Ruchim reports.
New video shows a driver's close call with falling debris on the George Washington Bridge.
We're hearing from a passenger who was on the Frontier Airlines jet that hit and killed a pedestrian in Denver. Sarah Horbacewicz reports.
Immigration advocates and neighbors rallied in Brooklyn on Saturday in support of a community member detained by ICE.
