In some U.S. cities the war on inflation is already won
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
Consumer Price Index
Regional bank stocks tumble
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.
New economic data signals easing inflation
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.
Consumer Price Index up 0.4% in April
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.
Reaction to latest inflation numbers
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.
Inflation rate eases in March
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.
March jobs report shows solid growth
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.
Inflation cools as Fed weighs interest rates
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.
Prices were up in February, new data shows
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.
Consumer Confidence Index falls in February
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.
What moved stocks and economy this week
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.
Dow Jones plummets after inflation report
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.
Understanding U.S. inflation trends
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.
Inflation rate rose at slower pace in January
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.
More companies to report Q4 earnings
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.
Egg prices have soared 60% in a year. Here's why.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
High housing costs force young adults to move home
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.
Inflation slowed to 6.5% in December from a year ago
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Stock market update & Big Tech layoffs
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.
Consumer prices rose more slowly in December
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.
Economists weigh impact of consumer prices
The Consumer Price Index report for the month of December is the last one before the Federal Reserve makes a decision over possible interest rate hikes. Editor-in-chief of The Balance, Kristin Myers, joins "CBS News Mornings" to discuss the trends.
Biden aides find more classified documents
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.
Live
Stocks plunge and oil prices soar as war rages with no end in sight
Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
Trump says he's "not happy" about Iran's new supreme leader
Mojtaba Khamenei was named Iran's new supreme leader following the death of his father in the U.S.-Israeli strikes.
Hegseth says Iran will eventually have no choice but to surrender
Secretary Pete Hegseth says it's President Trump who will set the terms of Iran's surrender, noting the U.S. is confident it will come, even as Iran's president said the U.S. demand for "unconditional surrender" is "a dream that they should take to their grave."
Anthropic sues Pentagon over "supply chain risk" designation
Anthropic sued the Defense Department on Monday over the Pentagon's move to designate it a risk to the supply chain.
FBI launches terrorism probe into IED attack outside Mamdani's residence
Videos, verified by the CBS News Confirmed team, show a man apparently yelling "Allahu Akbar" just as a protester throws an "ignited device" during an anti-Islam demonstration
Here's how much Americans are paying for gas as oil tops $100
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Exclusive
Wes Moore to give commencement addresses in 2028 battleground states
Maryland Gov. Wes Moore, considered a 2028 presidential contender, is planning a series of commencement addresses in May as he broadens his national profile.
JFK's grandson criticizes "Love Story" as Daryl Hannah slams her portrayal
The series "Love Story," which follows the relationship between JFK Jr. and his wife Carolyn Bessette Kennedy, has received pushback over its portrayals.
LAPD identifies woman arrested for allegedly firing shots at Rihanna's home
The Los Angeles Police Department identified the woman as 35-year-old Ivanna Ortiz. She has been booked for attempted murder.
U.S.
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Here's how much Americans are paying for gas as oil prices spike
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Anthropic sues Trump administration over "supply chain risk" order
Anthropic sued the Defense Department and other federal agencies on Monday over the government's move to designate it a risk to the supply chain.
Stocks slump as Iran war sends oil prices above $100 a barrel
Stocks in the U.S. renewed their slide on Monday after global oil prices topped $100 a barrel for the first time since 2022.
Trump says he's "not happy" about Iran's new supreme leader
Mojtaba Khamenei was named Iran's new supreme leader following the death of his father in the U.S.-Israeli strikes.
New 3D images show wreck of iconic Civil War ship that sank in 1862
Three-dimensional images and digital illustrations offer a detailed new look at the USS Monitor, an important Civil War ship that sank more than 160 years ago and has since become a reef.
MoneyWatch
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Here's how much Americans are paying for gas as oil prices spike
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Anthropic sues Trump administration over "supply chain risk" order
Anthropic sued the Defense Department and other federal agencies on Monday over the government's move to designate it a risk to the supply chain.
Stocks slump as Iran war sends oil prices above $100 a barrel
Stocks in the U.S. renewed their slide on Monday after global oil prices topped $100 a barrel for the first time since 2022.
Live Nation to open Ticketmaster to other sellers in U.S. antitrust deal
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Overusing artificial intelligence can give workers "AI brain fry," study finds
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
Politics
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Anthropic sues Trump administration over "supply chain risk" order
Anthropic sued the Defense Department and other federal agencies on Monday over the government's move to designate it a risk to the supply chain.
Trump says he's "not happy" about Iran's new supreme leader
Mojtaba Khamenei was named Iran's new supreme leader following the death of his father in the U.S.-Israeli strikes.
Live Nation to open Ticketmaster to other sellers in U.S. antitrust deal
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Exclusive
Wes Moore to give commencement addresses in 2028 battleground states
Maryland Gov. Wes Moore, considered a 2028 presidential contender, is planning a series of commencement addresses in May as he broadens his national profile.
Strike on alleged drug boat kills 6 in Eastern Pacific, U.S. military says
The U.S. military says it has killed six men in a strike on an alleged drug-smuggling vessel in the eastern Pacific Ocean as part of the Trump administration's campaign against alleged traffickers.
HealthWatch
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More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
Baby sleepsuit sold at Walmart recalled over potential choking hazard
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
A Pilates teacher thought she had the flu. Doctors found aggressive cancer
Debi Weiss thought her fatigue and weakness was a seasonal illness, but her condition quickly worsened.
Trump administration's embattled FDA vaccine chief is leaving — again
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
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.
World
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23 soccer players sent off after huge brawl in Brazilian Cup final
Former Brazil forward Hulk was among the players sent off following the violence that lasted more than a minute.
Trump says he's "not happy" about Iran's new supreme leader
Mojtaba Khamenei was named Iran's new supreme leader following the death of his father in the U.S.-Israeli strikes.
Police warn of "crocs absolutely everywhere" after Australia floods
Police in Australia warned of crocodiles "absolutely everywhere" and said they had moved more than 1,000 people across the state into shelter after massive floods.
5 Iranian soccer players seek asylum in Australia, says exiled prince
Iran's women's soccer team were branded "traitors" after declining to sing their national anthem at the Asian Cup in Australia, fueling fear for the women if they return home.
U.S., Ecuador carry out joint anti-drug strikes, video shows
U.S. and Ecuadoran forces conducted "lethal kinetic operations" inside Ecuador to combat drug trafficking in the South American country, SOUTHCOM said.
Entertainment
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Entertainment
Matthew Fox on starring in "The Madison"
Matthew Fox, who starred in the hit series "Lost," talks about being part of the cast for the new Paramount+ show "The Madison." He describes how he relates to his character, why he decided to return to Hollywood and working with Kurt Russell again.
Controversy over new series "Love Story"
Daryl Hannah, who dated John F. Kennedy Jr. in the 1990s, criticized the series "Love Story" and its portrayal of her. The FX series is about JFK Jr. and Carolyn Bessette, focusing on their courtship and marriage, which began after Kennedy's relationship with Hannah. In The New York Times, Hannah said the portrayal of her is "not even remotely accurate."
Rihanna's Beverly Hills home hit by gunfire; suspect arrested, LAPD says
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
2 Chainz on fatherhood and success
Grammy-winning rapper 2 Chainz sits down with "CBS Saturday Morning" to discuss his memoir, "The Voice in my Head is God."
Viola Davis and her latest co-star, author James Patterson
The Oscar-winning actress often writes book-length biographies for the characters she portrays on screen. And now she's written an actual book: "Judge Stone," a courtroom thriller co-authored with bestselling writer James Patterson.
Technology
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Technology
The evolution of Apple over 50 years
David Pogue, an author and correspondent for "CBS Sunday Morning," talks about covering the rise of Apple over his career as the company is set to turn 50 next month, and his new book, "Apple: The First 50 Years."
Overusing artificial intelligence can give workers "AI brain fry," study finds
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
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.
Apple turns 50, in a world it helped create
David Pogue, author of "Apple: The First 50 Years," talks with Apple's co-founder Steve Wozniak, CEO Tim Cook, and others about the vision of Steve Jobs, and how the company's products and services have reshaped life, technology and culture in the 21st century.
Extended interview: Tim Cook
In this web exclusive, Tim Cook, the CEO of Apple, talks with "Sunday Morning" correspondent David Pogue (author of "Apple: The First 50 Years") to discuss the company's first half-century and its constant focus on "the next thing." He also talks about the vision of Steve Jobs, whose return to Apple in 1997 reinvigorated the company.
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
Latest on explosive devices at Gracie Mansion
TATP, or triacetone triperoxide, was found inside undetonated explosive devices near New York City Mayor Zohran Mamdani's house, NYPD Commissioner Jessica Tisch said on Monday. She also said the incident is being investigated as "an act of ISIS-inspired terrorism." CBS News' Anna Schecter has more details.
Latest on devices at NYC mayor mansion
New York City Mayor Zohran Mamdani and New York Police Department Commissioner Jessica Tisch provided updates on the explosive devices outside of the Gracie Mansion on Sunday after tensions escalated between two different protest groups. Tisch said the devices are being investigated as "an act of ISIS-inspired terrorism." CBS News senior coordinating producer Anna Schecter has more.
Explosive devices thrown at NYC mayor's home
The FBI launched a terrorism investigation after confirming that explosive devices were thrown at the home of New York City Mayor Zohran Mamdani during protests nearby. CBS News' Jericka Duncan reports.
Explosive devices thrown outside Mamdani home
The FBI's terrorism unit is investigating after improvised explosive devices were thrown during dueling protests outside Gracie Mansion, the official residence of New York City's mayor. It started as an anti-Islam protest, but a group of counter-protesters also gathered. Two men have been arrested, police say. Jericka Duncan reports.
U.S., Ecuador carry out joint anti-drug strikes, video shows
U.S. and Ecuadoran forces conducted "lethal kinetic operations" inside Ecuador to combat drug trafficking in the South American country, SOUTHCOM said.
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.
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Notable Deaths in 2026
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Latest CBS News Videos
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Latest CBS News Videos
U.S. weigh use of special forces, report says
Marc Caputo, who covers the White House for Axios, joins CBS News 24/7 to discuss his report on the U.S. weighing the use of special forces in Iran to destroy its stockpiles, and more details on the U.S. possibly being at odds with Israel over its strikes on Iran's fuel depots.
Trump "not happy" over Iran's new leader
President Trump told Fox News that he's "not happy" with Iran's choice of Ayatollah Mojtaba Khamenei as the country's new supreme leader. CBS News senior foreign correspondent Holly Williams has more.
Latest on explosive devices at Gracie Mansion
TATP, or triacetone triperoxide, was found inside undetonated explosive devices near New York City Mayor Zohran Mamdani's house, NYPD Commissioner Jessica Tisch said on Monday. She also said the incident is being investigated as "an act of ISIS-inspired terrorism." CBS News' Anna Schecter has more details.
Money's impact on choice for new Iran leader
Mojtaba Khamenei, the son of former Ayatollah Ali Khamenei, was chosen as Iran's new supreme leader following his father's death in U.S.-Israeli strikes, state media claims. CBS News' Courtney Kealy has more on how the decision was made.
Trump reacts to concerns over oil prices
Oil prices have skyrocketed as the U.S.-Israeli war on Iran entered its 10th day on Monday. President Trump reacted on social media, saying prices "will drop rapidly when the destruction of the Iran nuclear threat is over." CBS News' Aaron Navarro has more details.