Growing number of affluent consumers shop at discount stores. Here's why.
Discount retailers like Walmart and Dollar Tree are seeing an influx of more upscale consumers, market research data shows.
Dollar Tree
Dollar Tree says U.S. tariffs could cut its Q2 profits in half
Dollar Tree CEO says "the tariff landscape is highly fluid and changing week to week," as the discount retailer slashes its earnings guidance.
Dollar Tree to sell Family Dollar to private equity firms for $1 billion
Dollar Tree is selling Family Dollar to two private equity firms after the discount chain failed to gain traction with shoppers.
Here are the retailers shuttering thousands of stores in 2024
Some major retailers are struggling to attract customers, leading to more than 7,100 store closures in 2024 — a 69% jump from a year ago.
Dollar Tree considers potential sale of its Family Dollar chain
Dollar Tree acquired Family Dollar nearly a decade ago but has struggled to keep the chain of stores profitable.
Store closures are surging in 2024. Here are the worst-hit retailers.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
Dollar stores are hitting hard times amid inflation and shoplifting
Dollar General this week said their consumers are struggling. Meanwhile, Family Dollar plans to close 1,000 locations.
FDA says to throw away these 6 cinnamon products that contain lead
After traces of lead in applesauce poisons nearly 470 people, mostly young kids, FDA finds the metal in more food items.
Trump revisits disputed claims about elections but offers no new proof of fraud
In a primetime address, President Trump alleged the U.S. election system falls "catastrophically short," revisiting a topic that has drawn his attention for years — and making claims that election experts have heavily disputed.
Live
"Worst case scenario" for shippers as U.S. and Iran step up attacks
As the U.S. and Iran escalate attacks 140 days into the war, an industry analyst says "nobody is willing to move" through the Strait of Hormuz.
Maps show wildfire smoke forecast, air quality alerts in U.S.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is engulfing large swaths of the Midwest and Northeast U.S. this week.
Fact-checking Trump's speech on election security
President Trump delivered a speech on election security Thursday night at the White House. Here are the facts behind some of his claims.
Universities get funding from foreign entities on U.S. watch lists, records show
The State Department is cracking down on universities accepting funding from foreign entities on U S. government watch lists.
Andy Burnham declared Labour Party leader, will become U.K. prime minister
Andy Burnham was officially declared leader of Britain's governing Labour Party, clearing his final hurdle to taking office as prime minister next week.
Thousands of election-focused workers cut during Trump's 2nd term
Since the beginning of his second administration, the government has cut thousands of workers who were tasked with ensuring secure elections in the U.S.
Cyclosporiasis outbreak possibly traced to lettuce from Mexico used by Taco Bell
A lettuce supplier to fast-food giant Taco Bell is being investigated as a possible source for a nationwide cyclosporiasis outbreak that has sickened thousands of people.
Trump falsely alleges voting machines are "vulnerable" and "easily compromised"
President Trump alleged voting machines and ballot-counting systems are "extremely exposed to attack" — but experts say voting machines are subject to intense controls.
U.S.
More U.S.
Trump revisits disputed claims about elections but offers no new proof of fraud
In a primetime address, President Trump alleged the U.S. election system falls "catastrophically short," revisiting a topic that has drawn his attention for years — and making claims that election experts have heavily disputed.
Trump falsely alleges voting machines are "vulnerable" and "easily compromised"
President Trump alleged voting machines and ballot-counting systems are "extremely exposed to attack" — but experts say voting machines are subject to intense controls.
Fact-checking Trump's speech on election security
President Trump delivered a speech on election security Thursday night at the White House. Here are the facts behind some of his claims.
Blanche holds meeting with Epstein accusers after Tillis' request
Acting Attorney General Todd Blanche met with accusers of Jeffrey Epstein following a demand to do so by a Republican senator whose support is crucial to advancing his nomination to lead the Justice Department.
Dozens of Marineland's whales coming to U.S. through rescue plan
Dozens of beluga whales are set to be relocated from the shuttered Canadian theme park to aquariums across the United States through an international emergency rescue effort, officials said.
MoneyWatch
More MoneyWatch
Trump Media to sell faster access to president's Truth Social posts
"Markets already move on Truth Social posts," the company's chief executive said in the Truth API announcement.
Airlines say permanent daylight saving time won't be simple
Adjusting to permanent daylight saving time would cause significant disruptions to schedules and operations, an airline trade group said.
Teleprompter operator made over $100K betting on Trump speeches
After detecting suspicious activity on the teleprompter operator's account, Kalshi investigated and then referred the case to federal regulators.
Nearly 736,000 Pillsbury rolls recalled over possible glass contamination
The recall includes cases of Pillsbury "Hard Roll Dough" and "Kaiser Roll Dough" bread rolls, which are marketed to businesses.
Foreclosures surged 21% in the first half of 2026, new data shows
The state with the biggest jump in foreclosure activity was Idaho, where filings increased 59% compared to the same time last year.
Politics
More Politics
Trump revisits disputed claims about elections but offers no new proof of fraud
In a primetime address, President Trump alleged the U.S. election system falls "catastrophically short," revisiting a topic that has drawn his attention for years — and making claims that election experts have heavily disputed.
Trump falsely alleges voting machines are "vulnerable" and "easily compromised"
President Trump alleged voting machines and ballot-counting systems are "extremely exposed to attack" — but experts say voting machines are subject to intense controls.
Fact-checking Trump's speech on election security
President Trump delivered a speech on election security Thursday night at the White House. Here are the facts behind some of his claims.
Blanche holds meeting with Epstein accusers after Tillis' request
Acting Attorney General Todd Blanche met with accusers of Jeffrey Epstein following a demand to do so by a Republican senator whose support is crucial to advancing his nomination to lead the Justice Department.
Thousands of election-focused workers cut during Trump's 2nd term
Since the beginning of his second administration, the government has cut thousands of workers who were tasked with ensuring secure elections in the U.S.
HealthWatch
More HealthWatch
HealthWatch
FDA approves new cholesterol pill
The FDA has approved a new daily cholesterol pill that works differently from popular statins and may deliver better results for some people. Dr. Corey Bradley, a cardiologist at Columbia University's Irving Medical Center, joins "CBS Evening News" to discuss.
FDA names likely cyclosporiasis source
The FDA has identified Taylor Farms as the likely source of lettuce contaminated with the parasite behind cyclosporiasis, as the outbreak grows. Mark Strassmann reports.
Cyclosporiasis outbreak possibly traced to lettuce from Mexico used by Taco Bell
A lettuce supplier to fast-food giant Taco Bell is being investigated as a possible source for a nationwide cyclosporiasis outbreak that has sickened thousands of people.
Doctors question plan to screen military members for low testosterone
Doctors raised a range of concerns about a testosterone screening policy announced by Defense Secretary Pete Hegseth, which is likely to be costly to implement.
Introducing Norah O'Donnell's new health podcast
"Healthful with Norah O'Donnell" launches July 22.
World
More World
Tree-killing Asian beetle detected in EU for first time
The emerald ash borer, which has devastated ash forests in North America, has been detected in the European Union for the first time.
Andy Burnham declared Labour Party leader, will become U.K. prime minister
Andy Burnham was officially declared leader of Britain's governing Labour Party, clearing his final hurdle to taking office as prime minister next week.
Journalist known as "The Jaguar" shot dead in Mexico
The state government condemned the murder of Josue Martinez, and called on prosecutors to launch a probe in order to find those responsible.
Live
"Worst case scenario" for shippers as U.S. and Iran step up attacks
As the U.S. and Iran escalate attacks 140 days into the war, an industry analyst says "nobody is willing to move" through the Strait of Hormuz.
Dozens of Marineland's whales coming to U.S. through rescue plan
Dozens of beluga whales are set to be relocated from the shuttered Canadian theme park to aquariums across the United States through an international emergency rescue effort, officials said.
Entertainment
More Entertainment
Entertainment
From the archives: Pat Oliphant and the art of political cartoons
Pulitzer Prize-winning cartoonist Pat Oliphant, whose acidic drawings skewering political figures were syndicated in as many as 500 publications around the world, died on July 13, 2026 at age 90. In this April 16, 2000 "Sunday Morning" story, Oliphant talked with Morley Safer about caricature, censorship, and the influence of the first great political cartoonist, 19th century French master Honoré Daumier, whose grotesque drawings of King Louis Philippe led to a curtailment of press freedom in France in 1835.
George Santos to try hand as contestant in grueling TV reality show
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
"Jurassic Park" star Sam Neill's cause of death revealed
The actor's agent said he was providing more information following news reports "which contain inaccuracies and outright falsehoods."
Behind the "Better in Person" talk show
Author and journalist Stephen Dubner, who rose to fame when he co-wrote The New York Times bestseller "Freakonomics," talks with "CBS Mornings" about launching his own weekly talk show on YouTube, "Better in Person." Dubner discusses how the show got its start, his wide range of guests and why he decided to self-finance it.
Insider at "The Wolf of Wall Street" firm opens up: "My lifestyle was insane"
The Paramount+ documentary "The Real Wolf of Wall Street" gives an inside look at Jordan Belfort's scandal-ridden firm, Stratton Oakmont.
Technology
More Technology
Technology
Erin Brockovich on data center regulation
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Mayor to homeowner losing sleep over data center plant: "Consider selling"
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
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.
Mississippi residents decry data center plant
Residents of Southaven, Mississippi, are sounding off about a data center plant powering Elon Musk's xAI data centers in the area, likening the constant noise to being tortured.
Meta announces new safety features
Meta announced it is introducing new features to help protect teens using Instagram, Facebook and WhatsApp, including alerting a parent if their child discusses self-harm with one of its AI chatbots. Kelly O'Grady explains.
Science
More Science
Science
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Crime
More Crime
Journalist known as "The Jaguar" shot dead in Mexico
The state government condemned the murder of Josue Martinez, and called on prosecutors to launch a probe in order to find those responsible.
U.S. designates cartel on Texas border as foreign terrorist organization
The Juárez Cartel and Los Viagras joined six other Mexican criminal organizations that the U.S. considers terrorist groups.
Woman speaks in support of Blanche at hearing
Antioch, Illinois, mother Jennifer Bos voiced her support for Todd Blanche at his confirmation hearing to become attorney general. Bos advocates for stricter immigration policy after her daughter was allegedly murdered by an illegal immigrant.
Sons of man killed by ICE agent speak out
Ronaldo Salgado and Lorenzo Salgado Jr., the sons of the Mexican man who was shot and killed by an ICE agent in Houston, spoke to CBS News' Camilo Montoya-Galvez about their father's death.
New details emerge in Nolan Wells case
Newly obtained GPS data from the Mississippi Department of Marine Resources tracks the movements of the boat that Mississippi teen Nolan Wells was on before he went missing. Wells was found dead after a Fourth of July boat trip to Horn Island with friends. CBS News' Anna Schecter has the latest on the investigation.
Space
More Space
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
Latest Galleries
More Latest Galleries
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.
Photos show 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.
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.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Fact-checking Trump's election fraud claims
President Trump criticized the U.S. election system and claimed China interfered in the 2020 election without providing any evidence during his primetime address. CBS News' Aaron Navarro, Jarred Hill and Anna Coren have more details.
Deadly flash flooding in Texas Hill Country
Torrential downpours dumped more than two feet of rain in Texas Hill Country in just four days, causing deadly flooding. CBS News' Jason Allen reports.
U.S. strikes Iran for 6th consecutive night
The U.S. military carried out strikes on Iran for the sixth night in a row. Iranian media said U.S. strikes targeted infrastructure, including bridges and a train station. CBS News' Courtney Kealy reports.
Possible help in treating high cholesterol
The FDA has approved a pill form of a powerful class of medication that targets bad LDL cholesterol. Chief medical correspondent Dr. Jon LaPook explains.
Canadian wildfires impact U.S. air quality
Smoke from wildfires in Canada is creating dangerous air quality conditions for approximately 100 million Americans in more than a dozen states. Rob Marciano has the latest.