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.
Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Grand jury refuses to re-indict Letitia James
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
Supreme Court allows Texas GOP to use new redistricted map for now
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
White House claims Europe facing "civilizational erasure" in 2 decades
The Trump administration says societal threats mean some European nations may not be "strong enough to remain reliable allies."
CDC panel to vote Friday on hepatitis B vaccine for newborns
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
Lawmakers see video of boat strike, say admiral testified there was no kill order
"What I saw in that room was one of the most troubling things I've seen in my time in public service," Democratic Rep. Jim Himes said.
Luigi Mangione returning to court for crucial evidence hearing
Luigi Mangione will be back in court Friday as a crucial court hearing about what evidence should be admitted in the trial continues.
7 tons of cocaine seized off Colombia, 11 arrested unharmed, navy says
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
FBI arrests suspect in 2021 D.C. pipe bomb case, identified as Virginia man
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
U.S.
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Book excerpt: "Family of Spies" by Christine Kuehn
Christine Kuehn uncovered a devastating family secret long hidden by her father: her grandfather, Otto, was a Nazi spy who passed military information on to the Axis powers in the run-up to the attack on Pearl Harbor.
Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Luigi Mangione ill, crucial evidence hearing postponed until Monday
Luigi Mangione was unable to appear in court Friday due to illness, so a a crucial court hearing about what evidence should be admitted in the trial was postponed until Monday morning.
Endangered jaguar spotted at watering hole in Arizona
Officials have said that jaguar breeding in the U.S. has not been documented in more than a century.
Appeals court lets Trump admin. keep National Guard deployed in D.C. for now
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
MoneyWatch
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Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Despite Trump's pressure, Putin finds an eager trade partner in India
As the White House tries to curb Moscow's energy income, Vladimir Putin enjoys a warm welcome in India, and promises an "uninterrupted supply" of Russian fuel.
These U.S. cities have seen the biggest rent increases since 2020
Rents in the 50 largest cities have surged by hundreds of dollars per month over the last five years, a LendingTree analysis found.
Employers have cut 1.1 million jobs this year. Here's why.
Job cuts so far this year are at their highest levels since 2020, new report says.
Trump thinks tariff revenue could replace income taxes. Is that possible?
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
Politics
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Jasmine Crockett called Texas Senate race contenders as she weighs jumping into fray
As intrigue grows over whether Texas Democratic Rep. Jasmine Crockett plans to announce a U.S. Senate campaign next week, she confirmed to CBS News she's spoken with would-be opponents.
Appeals court lets Trump admin. keep National Guard deployed in D.C. for now
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
Operations against Houthis played into Truman Strike Group accidents, Navy finds
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
4 killed in latest strike on alleged drug boat, Pentagon says
At least 87 people have been killed since the vessel strikes began in early September.
ICE begins surge in Minnesota as Trump pushes for crackdown on Somali immigrants
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
HealthWatch
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Could pets be next for weight loss drugs? Here's what to know about a study.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
CDC panel to vote Friday on hepatitis B vaccine for newborns
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
12 ex-FDA leaders criticize claims made by agency's current vaccine chief
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
How to avoid holiday stress
The holiday season can be a wonderful, but also stressful time – filled with unrealistic expectations. A recent poll found 41% of adults anticipate more holiday stress this year. Psychiatrist Dr. Sue Varma has tips to unwind during the holidays.
World
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White House claims Europe facing "civilizational erasure" in 2 decades
The Trump administration says societal threats mean some European nations may not be "strong enough to remain reliable allies."
7 tons of cocaine seized off Colombia, 11 arrested unharmed, navy says
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
Despite Trump's pressure, Putin finds an eager trade partner in India
As the White House tries to curb Moscow's energy income, Vladimir Putin enjoys a warm welcome in India, and promises an "uninterrupted supply" of Russian fuel.
$20,000 Faberge egg recovered after man allegedly swallowed it
The special edition locket was inspired by the James Bond film "Octopussy," which revolves around a plot to steal a rare Faberge egg.
Operations against Houthis played into Truman Strike Group accidents, Navy finds
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
Entertainment
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Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Lucy Liu talks new movie, "Rosemead"
Lucy Liu talks about starring in and producing the movie "Rosemead," why she says the story resonates universally and reflecting on personal experiences for the film.
Steve Cropper, acclaimed guitarist for Booker T. and the M.G.'s, dies at 84
Steve Cropper co-wrote several classics, including "(Sittin' on) the Dock of the Bay," "Green Onions" and "In the Midnight Hour."
Kaytranada on rise to fame and his new album
Grammy winning DJ and producer Kaytranada has become one of the most influential voices in dance and electronic music, and has collaborated with top artists. He spoke with "CBS Mornings" about his latest album, touring and his journey in music.
Richie Moriarty talks 5th season of "Ghosts"
Actor and comedian Richie Moriarty talks with "CBS Mornings" about the fifth season of the comedy series "Ghosts," what's next for his character and how the cast has bonded.
Technology
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Technology
Politico: Trump admin. looks to robotics
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Google's top search trends in 2025
Google has released its list of the 2025 top search trends. Robert Ferrera, a Google Trends expert, joins CBS News with 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.
India revokes order for phone makers to install security app amid uproar
India's government, amid an uproar over privacy, has revoked an order quietly issued to smartphone makers to pre-install a state-run security app.
OpenAI responding to Google's moves: WSJ
OpenAI has declared a "code red" as Google threatens to unseat the AI industry's early leader, according to the Wall Street Journal. Technology journalist Jacob Ward joins CBS News to discuss.
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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Crime
New evidence in Luigi Mangione case
Police bodycam footage of Luigi Mangione's arrest played in court shows officers questioning the suspect in the UnitedHealthcare CEO's murder after receiving a tip about his whereabouts. CBS News' Jericka Duncan reports.
Suspect in D.C. bombs case expected in court
The Justice Department and FBI announced the arrest of a man accused of planting pipe bombs in Washington, D.C., on the eve of the U.S. Capitol riots on January 6, 2021. Scott MacFarlane reports.
Questions about D.C. pipe bombs case suspect
A Virginia man faces two federal charges in connection with the pipe bombs planted in Washington, D.C., on the eve of the Jan. 6, 2021, U.S. Capitol riots. CBS News' Scott MacFarlane reports.
7 tons of cocaine seized off Colombia, 11 arrested unharmed, navy says
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
New evidence in Luigi Mangione hearing
New evidence was presented in court in connection with the case against Luigi Mangione, the man accused of shooting UnitedHealthcare CEO Brian Thompson. CBS News' Katrina Kaufman reports.
Space
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
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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Bengals' Marco Wilson shares his love for art
Cincinnati Bengals cornerback Marco Wilson's passion for painting is making a mark. He became the first active player in the NFL to be featured in its Artist Replay program. Wilson sits down with Natalie Morales to talk about art's impact on his life.
Pentagon announces new deadly boat strike
A U.S. strike killed 4 people, according to the Pentagon, who were aboard an alleged drug-carrying boat in the Pacific Ocean. CBS News' Nikole Killion reports.
Where to get the latest CBS Mornings Deals
It's Day 8 of CBS Mornings Deals' special series 12 Days of Deals, where we show viewers even more products at even lower prices. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
New evidence in Luigi Mangione case
Police bodycam footage of Luigi Mangione's arrest played in court shows officers questioning the suspect in the UnitedHealthcare CEO's murder after receiving a tip about his whereabouts. CBS News' Jericka Duncan reports.
Suspect in D.C. bombs case expected in court
The Justice Department and FBI announced the arrest of a man accused of planting pipe bombs in Washington, D.C., on the eve of the U.S. Capitol riots on January 6, 2021. Scott MacFarlane reports.