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
Iran's drone and missile strikes continue, hit new ground as war spreads
As Iran and the U.S. vow to intensify their attacks, Gulf states are caught in the middle, and they're running low on interceptors to block Iran's retaliation.
Could Iran attack on U.S. soil? Be "extra vigilant right now," security analyst says
A former national security official says Iran has "surrogate networks here in the United States" and urges Americans to be "extra vigilant right now."
Congress to vote on funding DHS, with GOP stressing urgency amid Iran war
GOP leaders said the lack of long-term funding for the Department of Homeland Security puts the nation at risk amid heightened threats.
Arab states running dangerously low on interceptors in Iran war, officials say
Officials speculated that Iran is intentionally hitting the Arab states to get them to pressure the U.S. to end the war.
FBI confirms its networks were targeted by "suspicious" cyber activities
The FBI said it "identified and addressed suspicious activities on FBI networks" and that it was responding but did not elaborate.
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.
House to vote on curbing Trump's Iran war powers
The House resolution to rein in Trump's war powers in Iran is expected to fail, after the Senate resolution was voted down Wednesday.
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.
Britney Spears arrested on suspicion of DUI in Southern California
According to Ventura County inmate records, Spears was arrested by the California Highway Patrol at 9:28 p.m. Wednesday and released at 6:07 a.m. on Thursday.
U.S.
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FBI confirms its networks were targeted by "suspicious" cyber activities
The FBI said it "identified and addressed suspicious activities on FBI networks" and that it was responding but did not elaborate.
Could Iran attack on U.S. soil? Be "extra vigilant right now," security analyst says
A former national security official says Iran has "surrogate networks here in the United States" and urges Americans to be "extra vigilant right now."
Obama calls on voters to help Democrats' Virginia redistricting ahead of midterms
A special election is being held on April 21 on whether to amend Virginia's constitution to enable redistricting that could help Democrats in the midterm elections.
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.
MoneyWatch
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Elon Musk testifies in Twitter shareholder trial over actions before purchase
Elon Musk reached a deal to buy Twitter in April 2022. On May 13, 2022, he declared his plan "temporarily on hold" over the number of spam and fake accounts on the platform. Twitter's stock tumbled as a result.
Companies are entitled to Trump tariff refunds, trade court rules
A federal court in New York ruled Wednesday that businesses that paid emergency tariffs invalidated by the Supreme Court are eligible for refunds.
Nearly 37 million pounds of food recalled because it could contain glass
Oregon food manufacturer Ajinomoto expands an earlier recall of frozen and ready-to-eat products over glass contamination.
Google faces first lawsuit alleging its AI chatbot encouraged man's suicide
Google is accused in a wrongful death lawsuit filed by the family of a man who committed suicide in October, allegedly at the direction of the tech giant's AI chatbot, Gemini.
Tariff refund delays could cost U.S. $700 million a month in interest
The U.S. government must also reimburse businesses for the interest they paid on tariffs recently struck down by the Supreme Court, according to the Cato Institute.
Politics
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FBI confirms its networks were targeted by "suspicious" cyber activities
The FBI said it "identified and addressed suspicious activities on FBI networks" and that it was responding but did not elaborate.
Obama calls on voters to help Democrats' Virginia redistricting ahead of midterms
A special election is being held on April 21 on whether to amend Virginia's constitution to enable redistricting that could help Democrats in the midterm elections.
Arab states running dangerously low on interceptors in Iran war, officials say
Officials speculated that Iran is intentionally hitting the Arab states to get them to pressure the U.S. to end the war.
House to vote on curbing Trump's Iran war powers
The House resolution to rein in Trump's war powers in Iran is expected to fail, after the Senate resolution was voted down Wednesday.
Congress to vote on funding DHS, with GOP stressing urgency amid Iran war
GOP leaders said the lack of long-term funding for the Department of Homeland Security puts the nation at risk amid heightened threats.
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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Could Iran attack on U.S. soil? Be "extra vigilant right now," security analyst says
A former national security official says Iran has "surrogate networks here in the United States" and urges Americans to be "extra vigilant right now."
Ecuador sinks "narco sub" as nation works with U.S. to fight organized crime
Ecuador and the U.S. began joint military operations on Tuesday, the U.S. Southern Command said on social media.
Arab states running dangerously low on interceptors in Iran war, officials say
Officials speculated that Iran is intentionally hitting the Arab states to get them to pressure the U.S. to end the war.
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.
House to vote on curbing Trump's Iran war powers
The House resolution to rein in Trump's war powers in Iran is expected to fail, after the Senate resolution was voted down Wednesday.
Entertainment
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Entertainment
Savannah Louie on "Survivor 50" elimination
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.
How families can change their habits
Bestselling author Michaeleen Doucleff offers science-backed tips on how families can curb their screen time and cut back on ultraprocessed foods. She explains how her new book, which is aimed at rewiring children's brains, began with a personal revelation.
Technology
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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."
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.
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.
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.
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AI executive Dario Amodei on the red lines Anthropic would not cross
The CEO of Anthropic says his company refused to allow its technology to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement).
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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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.
Gloves found near Guthrie's home tied to restaurant worker, no connection to case
DNA from the gloves found near Nancy Gunthrie's Arizona home was traced back to a local restaurant worker who has no connection to the investigation, the Pima County Sheriff's Department said.
Exclusive
Justice Dept. employee charged in child pornography case
Timothy Parsons, a legal staffer at the U.S. Attorney's Office in Washington, D.C., is facing federal criminal charges in Maryland, where he lives, three sources said.
Officers who killed Austin gunman "undoubtedly saved lives," DA says
Travis County DA Jose Garza said suggestions that he would seek charges were "intentionally false" and political in nature, calling the officers heroes.
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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Veteran finds new purpose after diagnosis
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"The Perfect Neighbor"documentary director
"The Perfect Neighbor" director Geeta Gandbhir joins CBS News with more on her documentary about Ajike Owens, a Black mother in Florida who was shot and killed by Susan Lorincz, her neighbor, in front of her children.
Colby slammed for "disingenuous" responses
GOP Rep. Mike Turner slammed Under Secretary of Defense for Policy Elbridge Colby for his responses to questions from the House committee. "I want you make certain that the decision-making is President Trump's," Turner said.