Expert breaks down grocery price increases
Food prices started rising rapidly during COVID-19. Since then, food inflation has slowed, but prices are still going up. Jo Ling Kent reports.
Consumer Price Index
The most striking figures in new inflation data
The latest Consumer Price Index shows overall prices rose by nearly 3% on an annual basis last month. There were more warning signs about the labor market. Kelly O'Grady explains.
Social Security COLA could increase 2.7% in 2026, new estimate shows
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
U.S. consumer inflation increase in August
The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.
Biggest takeaways from the government's latest inflation data
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Almost half of adults say they are ordering kids' meals. Here's why.
Adult customers admit to ordering from kids' menus to save money and eat smaller portions, a new survey shows.
Inflation rate rose by 2.7% in July, CPI report shows
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
What the latest CPI data says about tariff impact
New government data shows the cost of consumer goods increased slightly last month, but the true effect of the higher tariffs haven't hit consumers yet. Jo Ling Kent explains.
Tracking cost of cars, trucks, groceries as Trump announces new tariffs
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
CPI rose in June to 2.7% annual rate, highest since February
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Beef prices in the U.S. are searingly high. Here's why.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
inflation rose less than expected, data shows
The latest Consumer Price Index (CPI) report shows that U.S. inflation rose by 0.1% in May, which is less than expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down. Also, CBS News' Natalie Brand has the latest updates from the White House as President Trump boasts about an agreement with China being close to the finish line.
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.
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.
Live
Trump lauds "very good meetings" as indirect U.S.-Iran talks resume
Vance says the U.S. has accomplished its "core mission" in Iran, as Steve Witkoff and Jared Kushner meet mediators in Qatar, but not Iranians.
One NYC neighborhood has dozens of adult daycares. Now the feds have questions.
Investigations are underway into possible fraudulent activity at some of these kinds of facilities across New York, CBS News has learned.
NCAA chief: No plan to change rules on transgender athletes after SCOTUS ruling
NCAA President Charlie Baker told CBS News he doesn't think the group will need to change its rules on transgender athletes in light of a Supreme Court ruling that allowed states to ban their participation.
U.S. takes down Bosnia 2-0 for second-ever World Cup knockout round win
Folarin Balogun got the scoring going with a goal in the 45th minute, but was sent off with a controversial red card in the 64th minute.
2 people climb to top of NYC's Empire State Building, appear to get engaged
Two people climbed to the top of New York City's Empire State Building, unfurled a banner, and then apparently got engaged Wednesday afternoon.
This July 4th could be hottest ever in parts of U.S.
Extremely dangerous heat, coupled with humidity, could result in heat index readings of 100 to 115 degrees from the Midwest to the East Coast, forecasters said.
Jaylen Brown reportedly traded from Celtics to 76ers
Jaylen Brown is done with the Boston Celtics. The Celtics have traded Brown to Philadelphia 76ers.
EMS was called to Mitch McConnell's home for "unconscious" patient last month
On the same morning Sen. Mitch McConnell was hospitalized last month, EMS personnel went to his home to respond to an unconscious person who appeared to experience "cardiac arrest," according to a dispatch call.
FBI investigating legitimacy of Nancy Guthrie ransom notes
The FBI said in a statement Wednesday that some ransom notes in Nancy Guthrie's disappearance have been "deemed to be extortion attempts without legitimacy," and other "demands may potentially be legitimate and are still being investigated as such."
U.S.
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FBI investigating legitimacy of Nancy Guthrie ransom notes
The FBI said in a statement Wednesday that some ransom notes in Nancy Guthrie's disappearance have been "deemed to be extortion attempts without legitimacy," and other "demands may potentially be legitimate and are still being investigated as such."
U.S. takes down Bosnia 2-0 for second-ever World Cup knockout round win
Folarin Balogun got the scoring going with a goal in the 45th minute, but was sent off with a controversial red card in the 64th minute.
EMS was called to Mitch McConnell's home for "unconscious" patient last month
On the same morning Sen. Mitch McConnell was hospitalized last month, EMS personnel went to his home to respond to an unconscious person who appeared to experience "cardiac arrest," according to a dispatch call.
Couples are spending thousands more on weddings. Here's why.
Tariffs, inflation and changing consumer habits are reshaping how much Americans spend to tie the knot.
What is the "buy, borrow, die" tax strategy Gavin Newsom wants to ban?
As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.
MoneyWatch
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Couples are spending thousands more on weddings. Here's why.
Tariffs, inflation and changing consumer habits are reshaping how much Americans spend to tie the knot.
What is the "buy, borrow, die" tax strategy Gavin Newsom wants to ban?
As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.
U.S. says it won't extend key trade deal with Canada and Mexico
The United States-Mexico-Canada Agreement will remain in effect until it expires in 2036, unless the countries strike another deal to extend it.
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.
Anthropic says Trump admin. lifted restrictions on powerful Claude AI models
Artificial intelligence giant Anthropic says the federal government lifted a set of restrictions on its powerful Claude Fable 5 and Mythos 5 models, resolving a weekslong dispute.
Politics
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EMS was called to Mitch McConnell's home for "unconscious" patient last month
On the same morning Sen. Mitch McConnell was hospitalized last month, EMS personnel went to his home to respond to an unconscious person who appeared to experience "cardiac arrest," according to a dispatch call.
NCAA chief: No plan to change rules on transgender athletes after SCOTUS ruling
NCAA President Charlie Baker told CBS News he doesn't think the group will need to change its rules on transgender athletes in light of a Supreme Court ruling that allowed states to ban their participation.
About 2,000 U.S. troops supporting relief efforts after Venezuela earthquakes
Almost 60,000 buildings may have been damaged or destroyed in Venezuela after two powerful earthquakes last week, according to a NASA satellite assessment.
One NYC neighborhood has dozens of adult daycares. Now the feds have questions.
Investigations are underway into possible fraudulent activity at some of these kinds of facilities across New York, CBS News has learned.
Former CIA Director John Brennan sues DOJ, Trump officials over criminal probes
Brennan is seeking a court order to force the preservation of records in the investigations targeting him. His attorneys say he's being "vindictively singled out for investigation."
HealthWatch
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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.
New disease threats follow Trump administration's health program cuts
From screwworm to flesh-eating bacteria, mounting public health risks are emerging in the wake of deep cuts to federal health agencies and programs.
What is the viral trend looksmaxxing?
Looksmaxxing is a viral and controversial trend that encourages young men to maximize their appearance. Adam Yamaguchi shows why it's resonating with some people.
He dreamed of becoming a physician assistant. New loan rules may thwart him.
Starting July 1, the government will cap what graduate students may borrow in federal loans, forcing many toward private lenders with higher interest rates.
World
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U.S. takes down Bosnia 2-0 for second-ever World Cup knockout round win
Folarin Balogun got the scoring going with a goal in the 45th minute, but was sent off with a controversial red card in the 64th minute.
About 2,000 U.S. troops supporting relief efforts after Venezuela earthquakes
Almost 60,000 buildings may have been damaged or destroyed in Venezuela after two powerful earthquakes last week, according to a NASA satellite assessment.
U.S. helicopter goes down in Arabian Sea, crew member missing, Navy says
The helicopter, which was assigned to the USS George H.W. Bush, is not believed to have been taken down by hostile action, the Navy said.
Dog pulled from rubble 5 days after Venezuela quakes, video shows
Dramatic video showed the moment a rescue team pulled a small dog from the rubble nearly a week after twin earthquakes devastated Venezuela.
How Iran could try to control the Strait of Hormuz — and profit from it
Some experts say the Strait of Hormuz will not return to its pre-war state, so what could the future of this vital shipping lane look like?
Entertainment
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Entertainment
CBS News journalists on Swift-Kelce wedding
Rumors are swirling about Taylor Swift and Travis Kelce tying the knot at Madison Square Garden. CBS News' Olivia Rinaldi and Gabrielle Ake, self-described Swifties, join "The Takeout" with the latest.
What we know about rumored Swift-Kelce wedding
Taylor Swift and Travis Kelce's wedding festivities are expected to begin Thursday, sources said. Crews have been spotted at Madison Square Garden in New York City unloading equipment ahead of the July Fourth weekend. Here's what we know so far.
Swift-Kelce wedding events taking shape
Taylor Swift and Travis Kelce's wedding events are set to begin in New York City, sources say. CBS News' Jo Ling Kent has the latest.
Sophia Bush, Jerry O'Connell on new comedy
Sophia Bush and Jerry O'Connell join CBS News 24/7 Mornings to discuss their new comedy, "Summer's Last Resort," which premieres on Tubi July 3.
Stars talk "Summer's Last Resort" comedy
Sophia Bush and Jerry O'Connell talk to "CBS Mornings" about starring in the coming-of-age comedy "Summer's Last Resort." Bush discusses what drew her to the project and says there was "never a dull day on set," while O'Connell reveals what his daughters thought about the film.
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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Science
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.
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.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Crime
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FBI investigating legitimacy of Nancy Guthrie ransom notes
The FBI said in a statement Wednesday that some ransom notes in Nancy Guthrie's disappearance have been "deemed to be extortion attempts without legitimacy," and other "demands may potentially be legitimate and are still being investigated as such."
NYC building climbers engaged, under arrest
Two people in black masks scaled the Empire State Building, scrambling the New York City Police Department. They call themselves "roof-toppers," or stunt climbers, and they unfurled a banner about world peace before one of them got out a ring and proposed. By the time they got down, they were engaged and under arrest. Tom Hanson reports.
More than 1,000 cases under review after Broadview Six misconduct revelations
More than 1,000 grand jury presentations are under review after charges were dismissed in the "Broadview Six" case due to grand jury abuses and prosecutorial misconduct, Chicago's top federal prosecutor said.
Potential charges for Empire State Building climbers
Two people climbed to the top of the Empire State Building Wednesday and unfurled a banner before seemingly getting engaged. CBS News law enforcement contributor Rodney Harrison has more on what repercussions the couple could face.
Couple climbs Empire State Building: Details
Two people climbed to the top of the Empire State Building in New York City on Wednesday, unfurling a banner and appearing to get engaged. CBS News' Tom Hanson and Shanelle Kaul have more.
Space
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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.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Latest Galleries
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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
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Latest CBS News Videos
6/27: CBS Weekend News
High winds and heat are fueling Utah's out-of-control wildfires; Iranian drones target Bahrain after U.S. strikes Iran.
Camp Mystic rescuer reflects on the tragedy
It's been almost a year since deadly floods killed more than 130 people in the Hill Country region of Central Texas. The flooding at Camp Mystic killed 25 campers, two counselors and the camp's executive director. Scott Ruskan, aviation survival technician 2nd class for the U.S. Coast Guard, joined CBS News to remember the tragedy, his first ever mission.
Child psychologist on nicotine pouch risks
The Food and Drug Administration now allows ZYN nicotine pouches to be marketed as less harmful than cigarettes. Child psychologist Bonnie Halpern-Felsher joins "The Daily Report" to discuss the risks.
SCOTUS lifts political party spending limits
The Supreme Court has lifted limits on how much money political parties can spend on congressional campaigns ahead of the midterms. In a 6-3 vote, the justices found the Federal Election Campaign Act violated the First Amendment. CBS News legal contributor Jessica Levinson has more.
Why democratic socialists are winning primaries
Democratic socialists are celebrating another win in a key U.S. congressional primary ahead of the 2026 midterms. CBS News political reporter Zak Hudak has more.