Markets plummet over inflation, tariff fears
The markets ended the week with a significant sell-off amid concerns over President Trump's incoming tariffs and inflation. MarketWatch markets reporter Isabel Wang joins "The Daily Report" to discuss.
Consumer News
Chomps beef and turkey sticks recalled after metal fragments found
Chomps, a maker of protein snacks, is recalling beef and turkey sticks after consumers report metal fragments.
The challenges facing casual dining restaurants
Red Lobster is among more than a dozen casual dining chains that filed for bankruptcy in 2024. Now, its new CEO is attempting to reinvigorate and reinvent it in a challenging economic climate. Elise Preston reports.
Fed Chair on consumer sentiment
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump tariff threat's impact on economy
President Trump is threatening to put new tariffs on European alcohol. Meanwhile, Commerce Secretary Howard Lutnick held talks with Canada's finance minister and Ontario's premiere on the tariff back-and-forth between the U.S. and its northern neighbor. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Is the U.S. heading for a recession? Here's what economists say.
Consumers, businesses and investors are increasingly jittery about the risks of a protracted slump. So what exactly is a recession?
Investors buoyed by signs of cooling U.S. inflation
Wall Street breathes a sigh of relief after a new report showed inflation slowed last month by more than expected.
Southwest Airlines ending free checked bags policy for many passengers
Southwest Airlines is ending its free checked bags policy for many passengers. Some experts think customer loyalty could suffer.
February's job growth falls below predictions
U.S. job growth was weaker than expected in February, although still strong, according to the Labor Department's first jobs report of the second Trump administration. 151,000 jobs were added last month, falling below economists' predictions of 160,000. The unemployment rate ticked up to 4.1%. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Poll and analysis: Americans most want to hear Trump talk about lowering prices
Republicans are more likely than Democrats to say they'll watch President Trump's joint address to Congress.
Kroger CEO resigns after probe into his personal conduct
Rodney McMullen's conduct was not related to business, but nevertheless violated Kroger's ethics policy.
Trump's new tariffs could hike car prices by $12,000, report says
Here's how new tariffs on Canada, Mexico and China could impact car prices for consumers, according to a new analysis.
Wall Street slumps after Trump says tariffs will begin on March 4
Investors wary of President Trump's plan to add tariffs of 25% on imports from Mexico and Canada, as well as a negative GDP forecast.
Americans say incomes not keeping up with inflation — CBS News poll
Americans express concern about their ability to pay bills and save money.
Consumer confidence plunged in February amid rising economic concerns
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.
Bitcoin drops to three-month low
Bitcoin has dropped to its lowest price in three months as the Trump administration embraces cryptocurrency. CBS MoneyWatch correspondent Kelly O'Grady reports.
Joann closing all of its remaining stores and going out of business
Fabric and crafts retailer Joann is closing all of its remaining stores after failing to find a buyer that would keep them open.
How pop-up auctions scam people with phony goods
One auction attendee spent $6,000 on what was supposed to be an "authenticated" Picasso. It was actually a reproduction worth about $70.
More than 1 million Igloo coolers recalled after fingertip amputations
Recalled rolling coolers were sold for a six-year period by retailers nationwide including Amazon, Costco and Target.
Which grocery brands offer the best value
Consumer Reports tested both name brands and store brands to determine which offers the best value. Deputy Editor Brian Vines shares practical tips to help you save on your next grocery run.
Egg prices expected to go even higher
The Department of Agriculture says egg prices could go up another 20% this year as bird flu outbreaks continue to fuel a supply shortage. CBS News MoneyWatch correspondent Kelly O'Grady reports.
What does inflation mean for the economy?
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
LG ranges recalled after dozens of fires burn people, property, pets
Knobs on ranges can be unintentionally activated, an issue that has proved a hazard with other brands, safety agency says.
Over 90% of U.S. airport towers are understaffed, data shows
Less than 10% of the nation's airport terminal towers have enough air traffic controllers to meet a set of standards set by a working group that included the FAA and the controllers' union.
Starbucks brings back condiment bar, free refills on "for here" drinks
Starbucks fans can now get free refills for some drinks — but not all. The coffee chain is also bringing back its self-serve milk and sweeteners bar.
Trump touts American "golden age," attacks communism in July 4th speech
In a speech delayed by a two-hour evacuation of the National Mall due to severe weather, President Trump mixed politics with history.
8 people, including 4 children, injured in July 4th shooting
A 21-year-old female is in critical condition, and 4 of the injured are juveniles between the ages of 6 and 14, according to he police.
Rep. Nancy Pelosi's husband suspected in California hit-and-run
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California
Live
Massive funeral for slain supreme leader enters second day
The dayslong funeral for Ayatollah Ali Khamenei, who was killed in February by U.S.-Israeli strikes, has been marked by chants for revenge.
Heat and severe storms damper July 4th celebrations, leave thousands without power
While millions of Americans across the Northeast experienced record-setting temperatures, thunderstorms in the Midwest downed trees, ruptured power lines and made transportation treacherous.
Weather woes impact July 4th celebrations as National Mall briefly evacuated
Americans celebrated 250 years of independence this Fourth of July, although severe weather put a damper on the proceedings in several parts of the country.
Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Taylor Swift and Travis Kelce married in ceremony officiated by Adam Sandler
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Joey Chestnut wins Nathan's Hot Dog Eating Contest, Miki Sudo is women's champion
Reigning champion Joey Chestnut ate 66 hot dogs and buns to win the 2026 Nathan's Famous Hot Dog Eating Contest while Miki Sudo ate 38 3/4 to win the women's competition.
U.S.
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The battle over Stars and Stripes
The newspaper for the American military has long taken pride in its editorial independence. But under the Trump administration, restrictions have been imposed, and the Pentagon's chief spokesman has vowed to rid the paper of "woke distractions."
8 people, including 4 children, injured in July 4th shooting
A 21-year-old woman is in critical condition, and 4 of the injured are children between the ages of 6 and 14, according to he police.
Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Heat and severe storms damper July 4th celebrations, leave thousands without power
While millions of Americans across the Northeast experienced record-setting temperatures, thunderstorms in the Midwest downed trees, ruptured power lines and made transportation treacherous.
DNA technology leads to identification of Revolutionary War soldier
The remains of a Revolutionary War soldier were identified as a young man from Maryland just before America's 250th anniversary.
MoneyWatch
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More than 100,000 fireworks recalled ahead of July 4
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
How to save money on air conditioning as electric bills climb
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
Here's who won — and lost — under Trump's "big, beautiful bill"
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
U.S. says it's monitoring oil markets for price-fixing, urges states to do same
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
What's open and closed on July 3 and July 4? See which stores are operating.
Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.
Politics
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Trump touts American "golden age," attacks communism in July 4th speech
In a speech delayed by a two-hour evacuation of the National Mall due to severe weather, President Trump mixed politics with history.
6 presidential speeches that shaped American history
These six presidential speeches are some that have most reverberated through the ages, and whose impacts are still felt today.
Trump warns of "communist menace" in speech at Mount Rushmore
The president kicked off America's 250th anniversary celebrations with a speech at Mount Rushmore where he warned of a resurgence in communism.
Trump announces pardons for pollution violators prosecuted for "fixing their car"
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
Trump gifted lavish ring from Belgian diamond group that won tariff relief
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
HealthWatch
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1 symptom leads to dad's cancer diagnosis: "I was like, 'Wait, what?'"
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
Actor Danny Glover reveals Alzheimer's diagnosis
Actor Danny Glover spoke about his Alzheimer's diagnosis in an interview with NBC's "Today" show, revealing that he has been living with the disease for several years.
Medicare to help pay for some GLP-1 drugs
Starting Wednesday, Medicare will help pay for some GLP-1 medications for weight loss. CBS News medical correspondent Dr. Celine Gounder explains what this means for patients.
World
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Pope Leo spends July 4th at migrant cemetery in Italy, meets with U.S. ambassador
After the pope's visit to the Sicilian island of Lampedusa, the U.S. Embassy said the ambassador to the Holy See gave Leo a commemorative baseball, an apple pie and a U.S. World Cup jersey.
Egypt uncovers lost Byzantine-era city in the western desert
The fourth-century residential city in the western desert is one of two major archaeological finds announced by Egypt on Saturday.
Prince Harry to travel solo to London amid security flap
Meghan and his children may eventually join him on the rest of the trip outside London, the source said.
Trump gifted lavish ring from Belgian diamond group that won tariff relief
The gift comes months after Belgium's diamond industry won the removal of U.S. tariffs on diamond imports.
Prince William appears on "New Heights" podcast ahead of Swift-Kelce wedding
Prince William will appear on the podcast hosted by Jason and Travis Kelce just hours before Travis Kelce and Taylor Swift's anticipated wedding.
Entertainment
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Entertainment
Punch Brothers' "Song of the Water Kelpie (unsung)"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "Song of the Water Kelpie (unsung)."
Taylor and Travis say yes at MSG
The vows have been exchanged, the party is over, and slowly, details are emerging about Taylor Swift and Travis Kelce's wedding. Lilia Luciano reports.
Are drones the new fireworks?
While many in the U.S. light fireworks on the Fourth of July, some towns are turning to drones as a cleaner, quieter alternative. Mark Strassmann gets a preview in Texas.
Punch Brothers play "This Land Is Your Land"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. In celebration of the Fourth of July, here's Punch Brothers performing their cover of Woody Guthrie's classic song, "This Land Is Your Land."
Taylor Swift and Travis Kelce tie the knot
Taylor Swift and Travis Kelce were married at Madison Square Garden in New York City on Friday. Comedian Adam Sandler officiated the ceremony, a representative for Swift confirmed. Jo Ling Kent has more details.
Technology
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Technology
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Consumers need protection from AI agents, lawmaker says
Sen. Mark Warner wants to create a federal registry of trusted AI agents and ensure autonomous bots operate like fiduciaries.
Science
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The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
3 futurists predict what America will be like in the centuries ahead
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
NASA strives to save doomed telescope
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Fossil found in drawer turns out to be first dinosaur bone from Antarctica
Dinosaur fossils are rare to find in Antarctica because of the unforgiving ice caps. But millions of years ago, the region was populated by lush forests.
Crime
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Rep. Nancy Pelosi's husband suspected in Napa County hit-and-run
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, is suspected of crashing into a parked car and driving away from the scene Friday afternoon in Northern California.
Trump announces 6 new pardons
The four presidents carved into Mount Rushmore collectively issued over 1,100 pardons. President Trump, who is visiting there tonight, has outdone them all and is now adding more. Nancy Cordes reports.
Trump considering pardons and clemency
President Trump is considering pardons for a group of people convicted of emissions and clean-air-related violations and has discussed potential clemency for Sean "Diddy" Combs, according to sources familiar with his plans. CBS News' Nikole Killion reports.
Trump weighing Diddy clemency, sources say
President Trump is considering pardons for a slew of individuals, including potential clemency for disgraced music mogul Sean "Diddy" Combs and some offenders with pollution-related convictions, sources say. CBS News' Olivia Rinaldi reports.
Olympian charged over alleged D.C. vandalism
U.S. Olympian David Hearn is facing a felony charge after being accused of vandalizing the Lincoln Memorial Reflecting Pool. CBS News senior Justice Department reporter Sarah Lynch has the details.
Space
More Space
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Latest Galleries
More Latest Galleries
Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
The battle over Stars and Stripes
Stars and Stripes, the newspaper for the American military, is part of the Department of Defense, but has long taken pride in its editorial independence. Under the Trump administration, however, the Pentagon's chief spokesman has vowed to rid the paper of "woke distractions," and the deputy secretary of defense has imposed restrictions on what it can publish (including banning news stories by the Associated Press). CBS News national defense correspondent David Martin reports on fears that a source of independent news for the military could be turned into what the paper's former ombudsman (who was fired after writing a column critical of Secretary of Defense Pete Hegseth) calls "a public affairs propaganda machine."
Celebrating the Fourth
This weekend, our nation's 250th birthday was marked with parades, fireworks, and commemorations of all shapes and sizes, from sea to shining sea. Correspondent Lee Cowan explores the many ways in which, despite its differences, the United States remains united in its celebration of the ideals of America.
Trump speaks at Freedom 250 event
President Trump spoke in Washington, D.C., at the "Salute to America" Freedom 250 event on the Fourth of July. He highlighted veterans, the Artemis II crew, an early version of the American flag and more in his speech.
Punch Brothers' "Song of the Water Kelpie (unsung)"
Bluegrass band Punch Brothers was formed by mandolinist Chris Thile in 2006. Their upcoming all-instrumental album, "The Unsung Adventures of Punch Brothers," will be released on July 24. Here's Punch Brothers performing "Song of the Water Kelpie (unsung)."
Relay for America runs flag across U.S.
Relay for America ran the American flag from San Francisco to Washington, D.C., this week to commemorate America's 250th birthday. They did it nonstop for 20 days and nights for more than 3,000 miles on a mission of unity heading to the Fourth of July. Tony Dokoupil has the story.