Gas price spike leads to rise in CPI
The Consumer Price Index rose six-tenths of a percentage point in August, largely driven by a spike in gas prices. CBS News contributor Javier David has more on what the number could mean for interest rates.
The Consumer Price Index rose six-tenths of a percentage point in August, largely driven by a spike in gas prices. CBS News contributor Javier David has more on what the number could mean for interest rates.
For the first time in the U.S., credit card debt has surpassed $1 trillion.
High prices and interest rates are still weighing on personal budgets.
For the first time since early 2021, the U.S. Labor Department says wages are rising at a faster rate than inflation. Compared with early 2021, wages are up about 4% while the Consumer Price Index has increased by about 3%. Amara Omeokwe, economics reporter at The Wall Street Journal, has more.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
The Consumer Price Index shows inflation rose 0.4% between March and April. Prices rose 4.9% year-over-year. Axios managing editor for business and markets and CBS News contributor Javier David discusses what this means for the economy with Anne-Marie Green and Vlad Duthiers.
The stock market closed relatively flat Wednesday following the release of the new inflation data in the Consumer Price index. BancAlliance president Lori Bettinger joined CBS News to discuss what the information means for investors.
Data released Wednesday shows the Consumer Price iIdex rose 0.1% in the month of March, beating estimates from Dow Jones. Barron's economics and politics senior writer Megan Cassella joined CBS News' Omar Villafranca to discuss the latest inflation data and what it could mean ahead of the Federal Reserve meeting in May.
The stock market closed relatively flat Monday, after being closed for Good Friday. The lack of movement comes days ahead of the release of the March consumer and producer price index reports. Waddell and Associates CEO David Waddell spoke with CBS News about what investors can expect.
The Consumer Price Index report for February indicates inflation is cooling off. The new numbers were released a few days after Silicon Valley Bank and Signature Bank failed, and ahead of a Federal Reserve meeting on interest rates next week. Megan Greene, the global chief economist at Kroll, joins CBS News to discuss.
The consumer price index rose 0.4% in February and 6% year-over-year, showing signs that inflation is easing year over year. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Nikki Battiste to discuss the latest numbers, moves the federal government made to avoid a banking crisis and a potential interest rate hike.
The Consumer Confidence Index fell again in the month of February, reaching its lowest point in three months. The Conference Board chief economist Dana Peterson joins CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the latest numbers and what trends consumers are following.
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
The latest Consumer Price Index report shows inflation slowing overall, but the numbers in January were higher than anticipated. Lori Bettinger, the president of Bancalliance, joins CBS News to explain what the report means.
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Inflation appears to be slowing, as the Consumer Price Index fell to 6.5% in December. But the price of some items — like eggs — is skyrocketing. The high cost of housing is also having an impact on young people, forcing many to move home with their parents. Nancy Chen takes a look.
Stocks climbed Thursday after the latest Consumer Price Index report showed inflation slowing. But Big Tech companies are still going through a series of layoffs. Insider startups and VC reporter Samantha Stokes joined CBS News to discuss the latest on the economy.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
There is some positive news in the battle to tame inflation: the Consumer Price Index fell slightly from November to December, marking the sixth straight month of decelerating prices. CBS News reporter Sarah Ewall-Wice joins us with more.
President Biden said aides found more classified documents in at least one other location. CBS News senior White House correspondent Weijia Jiang joined Vladimir Duthiers and Anne-Marie Green to discuss the president's remarks and the latest economic numbers.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
An adviser to Israeli Prime Minister Benjamin Netanyahu told CBS News that "the end of the war will come with the end of Hamas in Gaza."
The U.S. Coast Guard said they had medevaced an hours-old baby from Cleveland, Texas, amid the floodwaters.
Protesters chanted anti-war messages and waved Palestinian flags and Israeli flags during the University of Michigan's commencement Saturday.
Police say multiple bomb threats were reported against synagogues across New York City on Saturday.
Australian brothers Jake and Callum Robinson and their American friend have not been seen since April 27.
The painter, sculptor and printmaker created work that was hailed as landmarks of the minimalist and post-painterly abstraction art movements.
Brian Fanion says he and his wife Amy Fanion had been arguing about his retirement plans when she picked up his service weapon and shot herself. Investigators did not believe his story.
Police in Wisconsin fatally shot a student who had pointed a pellet rifle in their direction outside a middle school, according to the state's Department of Justice.
Federal prosecutors said the men used fake badges, police lights and firearms to rob and kidnap Shamari Taylor for drug money.
Brian Fanion says he and his wife Amy Fanion had been arguing about his retirement plans when she picked up his service weapon and shot herself. Investigators did not believe his story.
The painter, sculptor and printmaker created work that was hailed as landmarks of the minimalist and post-painterly abstraction art movements.
It was just the 10th Kentucky Derby decided by a nose, and the first since Grindstone wore the garland of red roses in 1996.
Federal prosecutors said the men used fake badges, police lights and firearms to rob and kidnap Shamari Taylor for drug money.
Laborers, many of whom are migrants from Mexico, Guatemala, Venezuela or other Latin American countries, head to the tracks six days a week to help keep the $2.7 billion racing economy galloping.
Warren Buffett referred to close friend Charlie Munger as the "the architect of Berkshire Hathaway."
The retailer says the peelable treats have been "flying off the shelves" ever since TikTokers discovered the candy.
Audit firm BF Borgers allegedly failed to comply with accounting standards and fabricated audit documentation, regulators claim.
U.S. unemployment rate rose slightly to 3.9% in April, continuing a stretch of remaining under 4% for 27 months.
Job site Indeed identified the top 10 most sought-after job candidates by employers and recruiters. Here's what they found.
The decision prompted a wave of public backlash as women saw fertility treatments canceled or put in jeopardy after the ruling.
The hostage and cease-fire talks have taken on new urgency amid a looming Israeli ground invasion of Rafah, in southern Gaza.
Democratic Rep. Henry Cuellar of Texas was elected to the House in 2005 and represents the state's 28th Congressional District.
Ex-government employee Miguel Zapata is accused of sending fake FBI tips falsely accusing multiple coworkers of taking part in the Jan. 6, 2021, Capitol breach.
Roughly 100,000 immigrants who were brought to the U.S. as children are expected to enroll in the Affordable Care Act's health insurance next year under a new administration rule, the White House says.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Stress is hard to avoid, but experts say getting outdoors can have a positive impact on both our mental and physical health.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
New CDC data shows about 680 women in the U.S. died during pregnancy or shortly after childbirth in 2023, a decline from the previous year.
UnitedHealth Group CEO Andrew Witty disclosed that a cyberattack on one of its subsidiaries earlier this year might affect up to a third of all Americans.
Sadiq Khan, the Labour Party's mayor of London, has romped to victory, securing a record third straight term at City Hall, on another hugely disappointing day for the U.K.'s governing Conservatives ahead of a looming general election.
An adviser to Israeli Prime Minister Benjamin Netanyahu told CBS News that "the end of the war will come with the end of Hamas in Gaza."
Torrential rain pounding the area since Thursday triggered a landslide in Luwu district in South Sulawesi province, officials say.
In the past few weeks, flooding in Kenya and Tanzania killed hundreds after heavy rain during the region's monsoon season, officials said.
Three suspects were arrested and charged in the slaying of Hardeep Singh Nijjar by masked gunmen outside Vancouver.
Renowned artist Frank Stella, whose large-scale minimalist "Black Paintings" took the art world by storm in the 1950s, has died at the age of 87.
Oscar-winning actor Kevin Spacey fired back at fresh allegations of sexual harassment and assault from men who will feature as part of a documentary on British television.
We're counting down some of the most iconic Met Gala looks from the best dressed stars, like Rihanna, Bad Bunny, Zendaya and more.
In an effort to fully understand our nation's founding document, the New York Times bestselling author and humorist embarked on a year-long quest to be the original originalist. Muskets were involved.
Old 97's first started in Dallas as a popular bar band in the 90s, but since then, they've garnered a national fan base and critical acclaim. Now, three decades later, the alt-country pioneers are making a return visit to Saturday Sessions with their new studio album. From their new album "American Primitive," here are Old 97's with "Where The Road Goes."
Sidechat, an app launched in 2022 where students can post anonymously about their colleges, is becoming a tool for those choosing to protest at U.S. campuses. Amanda Silberling, a senior culture writer for TechCrunch, joins CBS News with more details on the app.
Microsoft users can now use biometric passkeys, like a thumbprint or Face ID, to sign into Microsoft 365, Copilot. Jon Fingas, senior editor at Techopedia, has more.
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.
Sidechat, an anonymous messaging app, has been used by students to share opinions and updates, but university administrators say it has also fueled hateful rhetoric.
Georgia is home to the nation's newest nuclear reactor. It's bringing clean energy to the state, but the project has run over budget and past its original completion date. Drew Kann, climate and environment reporter for The Atlanta Journal-Constitution, joins CBS News to explore the effort.
There's a newly-determined "major factor" in declining bumblebee populations – and it's attacking their nests.
On Monday, Boeing plans to launch astronauts on its new spacecraft that is called Starliner. The test flight to the International Space Station is years behind schedule.
Georgia is home to the nation's newest nuclear reactor. It's bringing clean energy to the state, but the project has run over budget and past its original completion date. Drew Kann, climate and environment reporter for The Atlanta Journal-Constitution, joins CBS News to explore the effort.
For the first time since 1803, two groups of periodical cicadas are emerging from the ground at the same time in parts of the Midwest and South. However, a small section of Central Illinois marks the only place where both the 13-year and 17-year cicadas are emerging in the same place. Dave Malkoff reports on the extraordinary event.
Much of Asia is sweltering under a heat wave that one expert calls "by far the most extreme event in world climatic history."
Brian Fanion says he and his wife Amy Fanion had been arguing about his retirement plans when she picked up his service weapon and shot herself. Investigators did not believe his story.
Federal prosecutors said the men used fake badges, police lights and firearms to rob and kidnap Shamari Taylor for drug money.
Police in Wisconsin fatally shot a student who had pointed a pellet rifle in their direction outside a middle school, according to the state's Department of Justice.
In one find, a K-9 officer helped police find over a dozen fish buried in the sand and hidden behind logs and brush piles.
Massachusetts investigators uncover a suspicious web history after Brian Fanion reports his wife Amy's death as a suicide.
Boeing is expected to launch its Starliner space capsule that will take two astronauts to the International Space Station. CBS News consultant Bill Harwood breaks down Boeing's mission.
It is the latest advance in China's increasingly sophisticated space exploration program, which is now competing with the U.S.
Boeing is set to launch its first-ever spaceflight with humans next week. The Starliner spacecraft will lift off from Florida on Monday night for a multi-day mission to the International Space Station. Commander Barry "Butch" Wilmore and pilot Sunny Williams, two seasoned NASA astronauts who are a part of the mission, join CBS News to go over the flight.
The Horsehead Nebula, which NASA has called "one of the most distinctive objects in our skies," is located in the constellation Orion.
Astronauts Barry Wilmore and Sunita Williams say they have complete confidence in the Starliner despite questions about Boeing's safety culture.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
This marks the 11th year in a row that that every member of the graduating class at Southland College Prep Charter High School in suburban Chicago has been admitted to college. Noel Brennan explains the school's streak of academic excellence.
The majestic ocean liner the Queen Mary, once the playground for the rich and famous, fell into disrepair and was in danger of sinking until officials in Long Beach, California, gave it another shot. Tom Wait has more.
Basketball star Caitlin Clark made her WNBA preseason debut Friday before a sold-out crowd in Arlington, Texas. Clark finished with a team-high 21 points, but her Indiana Fever fell to the Dallas Wings 79-76.
While CIA Director William Burns and Hamas representatives were in Cairo Saturday for cease-fire talks in the Israel-Hamas war, Israel said it is not sending a delegation until the militant group replies to Israel's latest proposal. Ramy Inocencio has the latest from Tel Aviv.
Renowned artist Frank Stella, whose large-scale minimalist "Black Paintings" took the art world by storm in the 1950s, has died at the age of 87.