Beef prices reach record highs as cattle industry struggles with costs
The average cost of one pound of ground beef reached a record-high of $5.80 in April, according to numbers from the Bureau of Labor Statistics.
Consumer Price Index
Kroger customers overcharged for items on sale, Consumer Reports finds
Expired sales labels led to overcharges on more than 150 grocery items, according to an investigation led by Consumer Reports and others.
Consumer confidence falls to lowest level in 3 years amid inflation fears
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
Inflation rate hits lowest level since 2021
The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Inflation rate rose by 2.3% in April, CPI report shows. Here's what it means.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Inflation rises 2.3% in April
The Consumer Price Index for April showed a 2.3% rise on an annual basis, which was lower than economists had predicted. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Grocery prices continue to rise, but increases vary from city to city
A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
Inflation rate rose by 2.4% last month, showing cooling prices
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
Unpacking slight February inflation cooldown
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Inflation rises by 2.8% in February
The new consumer price index shows inflation cooled in February, coming in at a lower rate than economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has a look at the numbers.
Egg prices expected to continue to rise
Egg prices are expected to continue going up as farmers across the country deal with outbreaks of bird flu. The USDA is working to reimburse farmers who have to kill and replace their chickens. Kati Weis reports.
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.
Wholesale prices rise 0.4% in January
The producer price index jumped 0.4% in January, a mark that's higher than expected and possibly another indicator that progress against inflation has stalled. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Breaking down Jan. consumer price index report
The latest CPI report reveals a 3% increase in prices compared to last year, with eggs being just one of the many items seeing higher costs. CBS News Moneywatch correspondent Kelly O'Grady breaks down the key takeaways from the report.
Inflation accelerated in January, CPI report finds
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. Martin Baccardax joins to discuss.
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.
CPI: Inflation hotter than expected in January
The consumer price index shows that inflation accelerated in January at a pace economists weren't forecasting, rising 3% on an annual basis and 0.5% monthly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Inflation up 2.9% in latest CPI report
The latest consumer price index report shows inflation rose 2.9% year-over-year in December, marking three months of consecutive increases. Experts are warning of delays in interest rate cuts and possibly even rate hikes. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Holiday shoppers feeling inflation pinch
The Labor Department reported Wednesday that consumer prices rose 2.7% year-over-year in November. The news comes as consumers do their holiday shopping and the Federal Reserve weighs its final rate decision of 2024. CBS News contributor Javier David has more.
Concerning new data on U.S. inflation
New inflation data shows concerning consumer trends and sticky high prices for food and shelter. CBS MoneyWatch correspondent Kelly O'Grady reports.
CPI shows uptick in inflation for November
New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will likely impact the Federal Reserve's final interest rate decision of 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Thanksgiving grocery prices down slightly
Shoppers buying Thanksgiving groceries are seeing some relief at the register for the first time in years. The price of staples like turkey, pumpkin and green beans are down compared to last year, although cranberries and wine have jumped. Kelly O'Grady reports.
Live
Trump says U.S. and Israel intend to "go in and clean out" Iran regime
With the U.S.-Israeli war on Iran in its seventh day, Trump says the aim is to "go in and clean out everything," suggesting a regime change objective.
Inside the decision to remove Kristi Noem as DHS secretary
The timing of President Trump's Truth Social post announcing Kristi Noem's removal as DHS secretary took DHS officials and the secretary herself by surprise.
Exclusive
Mom whose son was killed by ICE doesn't blame Trump, but calls for change
"I just want to know what happened," Rachel Reyes told CBS News during her first TV interview since the death of her son, Ruben Ray Martinez, a U.S. citizen shot and killed by an ICE agent in Texas last year.
Rep. Tony Gonzales drops out of House runoff race after admitting affair with aide
GOP Rep. Tony Gonzales had been in a runoff with Brandon Herrera after Tuesday's primary in Texas.
Exclusive
Iran appeared to surveil center where U.S. forces were killed, Army memo says
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
Kristi Noem out as secretary of Homeland Security, Trump says
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
Lindsey Halligan under investigation by the Florida Bar
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
Pentagon formally designates Anthropic a supply chain risk amid feud over AI guardrails
The U.S. military has formally designated artificial intelligence firm Anthropic a supply chain risk, sources told CBS News, a sweeping move that could cut it off from military contracts.
House approves bill to fund DHS, but roadblocks remain in Senate
The House passed a measure to fund the Department of Homeland Security on Thursday, but Senate Democrats blocked similar legislation.
U.S.
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Exclusive
Mom whose son was killed by ICE doesn't blame Trump, but calls for change
"I just want to know what happened," Rachel Reyes told CBS News during her first TV interview since the death of her son, Ruben Ray Martinez, a U.S. citizen shot and killed by an ICE agent in Texas last year.
Daylight saving time is almost here. Here's what to know.
The time change known as daylight savings is set to start for 2026, meaning most Americans will lose an hour of sleep when they "spring forward" on Sunday, March 8.
Bernard LaFayette, Selma voting rights organizer, dies at 85
Bernard LaFayette, the advance man who did the risky groundwork for the voter registration campaign in Selma, Alabama, that culminated in the passage of the Voting Rights Act of 1965, has died.
Lindsey Halligan under investigation by the Florida Bar
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
Inside the decision to remove Kristi Noem as DHS secretary
The timing of Trump's Truth Social post announcing Kristi Noem's removal as DHS secretary took DHS officials and the secretary herself by surprise.
MoneyWatch
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Iran war hits housing market as mortgage rates rise to 6%
Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.
Record share of Americans are tapping 401(k)s for hardship withdrawals
More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows.
Pentagon formally designates Anthropic a supply chain risk amid feud over AI guardrails
The U.S. military has formally designated artificial intelligence firm Anthropic a supply chain risk, a sweeping move that could cut it off from military contracts.
Trump vowed to revive manufacturing. Factory jobs are still vanishing.
Job cuts at a Whirlpool factory in Iowa underscore the challenges in reviving American manufacturing. "Every day, workers' jobs are still in jeopardy," a union official said.
Dow tumbles almost 800 points amid concerns about surging oil prices
Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
Politics
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Exclusive
Mom whose son was killed by ICE doesn't blame Trump, but calls for change
"I just want to know what happened," Rachel Reyes told CBS News during her first TV interview since the death of her son, Ruben Ray Martinez, a U.S. citizen shot and killed by an ICE agent in Texas last year.
Rep. Tony Gonzales drops out of House runoff race after admitting affair with aide
GOP Rep. Tony Gonzales had been in a runoff with Brandon Herrera after Tuesday's primary in Texas.
U.S., Venezuela to establish diplomatic relations for first time since 2019
Relations between the two countries were cut off in 2019, during the first Trump administration.
Exclusive
Iran appeared to surveil center where U.S. forces were killed, Army memo says
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
Lindsey Halligan under investigation by the Florida Bar
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
HealthWatch
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RFK Jr. challenges Dunkin' and Starbucks over sugary drinks
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Some baby formula brands contain heavy metals, Consumer Reports says
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
States face pushback on their rural health transformation plans
Some Republican state lawmakers and health associations are pushing back against spending plans under the Trump administration's $50 billion federal rural health fund.
Chocolate supplement recalled over erectile dysfunction drug
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
College student's mystery illness diagnosed as Stage IV cancer
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
World
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Live
Trump says U.S. and Israel intend to "go in and clean out" Iran regime
With the U.S.-Israeli war on Iran in its seventh day, Trump says the aim is to "go in and clean out everything," suggesting a regime change objective.
U.S., Venezuela to establish diplomatic relations for first time since 2019
Relations between the two countries were cut off in 2019, during the first Trump administration.
Exclusive
Iran appeared to surveil center where U.S. forces were killed, Army memo says
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
U.S. contractor who allegedly stole $46 million of crypto arrested, FBI says
John Daghita was arrested on the island of Saint Martin, FBI Director Kash Patel said.
U.S. seeking to "raze or level" Iran's ballistic missile industry, Adm. Cooper says
Defense Secretary Pete Hegseth gave a press briefing with Admiral Brad Cooper, the commander of U.S. Central Command.
Entertainment
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Savannah Guthrie visits "Today" studio, says she intends to return to show
Savannah Guthrie thanked her colleagues for "caring about my mom as much as I do" in her visit to the studio since Nancy Guthrie's disappearance.
Spoiler: Ex-"Survivor" winner on elimination
(Warning: Spoiler alert ahead!) Savannah Louie, who won season 49 of "Survivor," talks about her early elimination from the show's 50th season, challenges she faced as a former winner and the lesson she took away from the game.
Leibovitz on photographing influential women
Throughout her career, Annie Leibovitz has photographed influential women, including Supreme Court Justice Ketanji Brown Jackson, Queen Elizabeth and former House Speaker Nancy Pelosi. She spoke to Anthony Mason about the moments behind the photos and what she plans for her future.
True crime series spotlights U.S. small towns
Hilarie Burton Morgan, known for playing Peyton on "One Tree Hill," talks about her docuseries, "True Crime Story: It Couldn't Happen Here," which is in its third season. She explains how each episode highlights a case in a small town in the U.S., how the series empowers the audience and recent developments in a cold case.
Padma Lakshmi talks "America's Culinary Cup"
TV host and food expert Padma Lakshmi, the creator and executive producer of the new CBS series, "America's Culinary Cup," speaks to "CBS Mornings" about creating the cooking competition and how it's different from other shows.
Technology
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Technology
Pentagon designates Anthropic a supply chain risk
The Pentagon formally designated artificial intelligence firm Anthropic as a supply chain risk on Thursday amid their feud over AI guardrails. Yahoo Finance senior reporter Brooke DiPalma joins CBS News with more.
Exclusive
Anthropic CEO: We're trying to "deescalate" Pentagon AI standoff to reach agreement
Anthropic CEO Dario Amodei said his company and the Department of Defense "have much more in common than we have differences."
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.
OpenAI changing Pentagon deal after backlash
Hours after the Trump administration ditched Anthropic over the dispute about AI use, OpenAI struck its own deal with the Pentagon. Now the details of that agreement appear to be changing after backlash. Katrina Manson, Bloomberg News reporter, has more.
Amazon says drones hit 3 of its Middle East data centers
Drones struck two facilities in the United Arab Emirates directly, and damaged a data center in Bahrain, Amazon said.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Crime
Suspect arrested in Utah triple homicide
Authorities have arrested a suspect in the killing of three women in Utah, identifying him as Ivan Miller. CBS News correspondent Carter Evans reports.
U.S. contractor who allegedly stole $46 million of crypto arrested, FBI says
John Daghita was arrested on the island of Saint Martin, FBI Director Kash Patel said.
Austin PD give update on probe of deadly mass shooting that killed 3
Austin Police Chief Lisa Davis played surveillance video and police body cam video.
Suspect identified and in custody after 3 women's bodies found in Utah
A suspect is in custody and has been identified after authorities in Utah found three women's bodies in two locations.
Man accused of plot to assassinate Trump says Iran pressured him
A man accused of plotting to kill U.S. politicians said he was pressured by Iran's Islamic Revolutionary Guard Corps to devise the murder-for-hire scheme.
Space
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Space
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Safety concerns over NASA's Artemis program
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA rolls Artemis II back for repairs
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
Latest Galleries
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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.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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
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Latest CBS News Videos
Mom calls for change after ICE killed her son
Rachel Reyes' son, 23-year-old American citizen Ruben Ray Martinez, was shot and killed by a U.S. Immigration and Customs Enforcement agent nearly one year ago. But she told CBS News she's still trying to understand why.
What's next for Iran's leadership
It took less than a minute for Israeli bombs to kill Iran's supreme leader, along with more than 40 senior figures, but according to people directly involved in the planning, the attack was three years in the making. As Matt Gutman reports, the big question now is who will lead Iran next.
Pentagon designates Anthropic a supply chain risk
The Pentagon formally designated artificial intelligence firm Anthropic as a supply chain risk on Thursday amid their feud over AI guardrails. Yahoo Finance senior reporter Brooke DiPalma joins CBS News with more.
Sen. Welch praises Trump's ouster of Noem
President Trump announced on Thursday that he will replace Kristi Noem with Republican Sen. Markwayne Mullin as Homeland Security secretary. Democratic Sen. Peter Welch of Vermont joins "The Takeout" with his reaction.
Suspect arrested in Utah triple homicide
Authorities have arrested a suspect in the killing of three women in Utah, identifying him as Ivan Miller. CBS News correspondent Carter Evans reports.