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 secretly switched to different plane in Turkey amid Iran threat
Ahead of a flight from Turkey, he secretly left Air Force One and was moved to another plane with the help of a catering truck, according to a source.
Live
Trump claims control of Strait of Hormuz as stalemate deepens
Stalemate between two countries deepens as President Trump mirrors Iran's demand for compensation and claims U.S. controls the Strait of Hormuz
Video of Arkansas trooper punching 18-year-old draws calls for investigation
Alisa Hackett, 18, was pulled over for speeding and alcohol possession when she was tackled to the ground and punched.
Farm linked to cyclosporaisis outbreak went years without FDA inspection
The FDA has long fallen short of legally required inspection targets, and foreign inspections fell further last year amid agency layoffs.
U.S. Marine veteran freed from Russian prison after nearly 4 years
A U.S. Marine veteran from Massachusetts who has been held in Russia for more than four years on disputed charges has been released.
DOJ office says Trump's outside advisers can be shielded by executive privilege
Trump's outside advisers may now be protected from future congressional and legal investigations, according to a new opinion from the Justice Department's Office of Legal Counsel.
Powerball jackpot hits $1 billion after no one won $905 million grand prize
No winning tickets were sold for Monday night's $905 million Powerball jackpot, so the estimated grand prize for Wednesday's drawing will be at least $1 billion, Powerball says.
Rescuers race to find Colombia earthquake survivors as death toll rises
More than 2,700 people were reported missing on Monday night, after the country was struck by its strongest earthquake on record.
In texts, Fauci discussed potential risks, benefits of COVID vaccine for pregnant women
Two Senate Republicans released a set of 2021 texts that show Dr. Anthony Fauci discussing how to "weigh the potential risks against the benefits" of pregnant women taking COVID-19 vaccines.
U.S.
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DOJ office says Trump's outside advisers can be shielded by executive privilege
Trump's outside advisers may now be protected from future congressional and legal investigations, according to a new opinion from the Justice Department's Office of Legal Counsel.
Maine lifeguard "started swimming like hell" when shark pulled him underwater
A lifeguard said a shark off the coast of Scarborough Beach in Maine grabbed onto his buoy and pulled him 5 feet underwater before he was able to get free.
U.S. Marine veteran freed from Russian prison after nearly 4 years
A U.S. Marine veteran from Massachusetts who has been held in Russia for more than four years on disputed charges has been released.
Are humanoid robots ready to scrub your kitchen? Not quite.
Startup companies are now starting to test their humanoid robots for home use, but experts said wider adoption will take years.
Farm linked to cyclosporaisis outbreak went years without FDA inspection
The FDA has long fallen short of legally required inspection targets, and foreign inspections fell further last year amid agency layoffs.
MoneyWatch
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Are humanoid robots ready to scrub your kitchen? Not quite.
Startup companies are now starting to test their humanoid robots for home use, but experts said wider adoption will take years.
Farm linked to cyclosporaisis outbreak went years without FDA inspection
The FDA has long fallen short of legally required inspection targets, and foreign inspections fell further last year amid agency layoffs.
Powerball jackpot hits $1 billion after no one won $905 million grand prize
No winning tickets were sold for Monday night's $905 million Powerball jackpot, so the estimated grand prize for Wednesday's drawing will be at least $1 billion, Powerball says.
Court clears way for social media addiction suits against tech giants
Appeals court ruling could open the door to a flood of litigation against Google, Meta and other social media players.
Why Taylor Farms faces scrutiny over salmonella and cyclospora outbreaks
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
Politics
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DOJ office says Trump's outside advisers can be shielded by executive privilege
Trump's outside advisers may now be protected from future congressional and legal investigations, according to a new opinion from the Justice Department's Office of Legal Counsel.
U.S. Marine veteran freed from Russian prison after nearly 4 years
A U.S. Marine veteran from Massachusetts who has been held in Russia for more than four years on disputed charges has been released.
North Carolina GOP chooses replacement candidate for Rep. Chuck Edwards
State Rep. Jennifer Balkcom will face Jamie Ager on the ballot in November.
Wisconsin's Democratic showdown and more primary races to watch today
South Carolina Republicans will be choosing a successor for the late Sen. Lindsey Graham's seat, and Minnesota's Senate primary is another battle between moderate and progressive Democrats.
Live
U.S. and Iran close to "peace arrangement or a deal," Pakistan says
The U.S. and Iran are close to agreeing on "some sort of arrangement," Pakistan's defense minister told Bloomberg on Tuesday.
HealthWatch
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Farm linked to cyclosporaisis outbreak went years without FDA inspection
The FDA has long fallen short of legally required inspection targets, and foreign inspections fell further last year amid agency layoffs.
As Medicare pays less for cataract surgery, doctors turn to moneymaking lasers
More cataract patients, wanting not only restored but improved vision, are paying extra for their doctors to use a laser when a scalpel would do.
Congo Ebola death toll tops 2,000 in fastest spreading outbreak on record
At least 2,000 people have died among the confirmed cases in Congo's Ebola outbreak that is the fastest-spreading on record, according to the latest government data.
In texts, Fauci discussed potential risks, benefits of COVID vaccine for pregnant women
Two Senate Republicans released a set of 2021 texts that show Dr. Anthony Fauci discussing how to "weigh the potential risks against the benefits" of pregnant women taking COVID-19 vaccines.
Taylor Farms recalls jalapeño products
Taylor Farms, the company linked to this summer's lettuce-related parasite outbreak, is now recalling jalapeño pepper products after new concerns about salmonella. Tom Hanson reports.
World
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Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Rescuers race to find Colombia earthquake survivors as death toll rises
More than 3,000 people were reported missing after the country was struck by its strongest earthquake on record.
Zelenskyy says Russia using North Korean missiles in Ukraine
Russia and North Korea have been collaborating in the offensive against Ukraine since 2024.
Congo Ebola death toll tops 2,000 in fastest spreading outbreak on record
At least 2,000 people have died among the confirmed cases in Congo's Ebola outbreak that is the fastest-spreading on record, according to the latest government data.
Live
U.S. and Iran close to "peace arrangement or a deal," Pakistan says
The U.S. and Iran are close to agreeing on "some sort of arrangement," Pakistan's defense minister told Bloomberg on Tuesday.
Entertainment
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Entertainment
Graceland celebrates "Elvis Week"
"Elvis Week" kicked off at Graceland in Memphis, Tennessee, on Aug. 8 and runs until Aug. 16, marking Elvis Presley's death. Alicia Dean, the longtime marketing and promotions specialist for Elvis Presley Enterprises, joins with more.
Dallas Cowboys Cheerleader takes on Broadway
Reece Weaver, whose exit from the Dallas Cowboys Cheerleaders on the show "America's Sweethearts: Dallas Cowboys Cheerleaders" left viewers shocked, exclusively announced on "CBS Mornings" that she is making her Broadway debut. She talks about the transition, why she made the decision and what it was like to start rehearsals.
Jury selection begins in Tupac Shakur trial
Nearly 30 years after the killing of rapper Tupac Shakur, jury selection is underway for the man charged in connection with the murder, Duane "Keffe D" Davis. Celebrity attorney Chris Melcher joins CBS News to discuss.
Riley Green talks upcoming album
Country music star Riley Green joins "CBS Mornings" to talk about his upcoming album, "That's Just Me," which is set for release in mid-September.
Meet Paw Patrol look-alike contest winners
The winners of a Paw Patrol look-alike contest join "CBS Mornings" ahead of the "Paw Patrol: The Dino Movie" which premieres Aug. 14.
Technology
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Technology
Wall Street targets $500B for AI
Nvidia scored an astounding $500 billion in financing for artificial intelligence, backed by Wall Street's top power brokers and firms. Puck founding partner and industry journalist William D. Cohan weighs in on the AI boom and data center construction.
Are humanoid robots ready to scrub your kitchen? Not quite.
Startup companies are now starting to test their humanoid robots for home use, but experts said wider adoption will take years.
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.
Zuckerberg wants open source AI
Facebook co-founder and Meta CEO Mark Zuckerberg argues that artificial intelligence should be open source to improve accessibility. CNET reporter Katelyn Chedraoui has more on what the philosophy of open source technology means in the AI era.
Behind Mark Zuckerberg's AI essay
Despite concerns about AI, Meta CEO Mark Zuckerberg has an optimistic vision for its future, which he shared in a new essay. He also described what he thinks is the "most dangerous" AI scenario. Nick Thompson, CEO of The Atlantic, breaks down Zuckerberg's essay.
Science
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Science
Protecting the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world. (Originally broadcast April 26, 2026.)
Genetically altered beagles offer hope for dog lovers with allergies
Matt Walker, a geneticist and the CEO of Kindred Companion Sciences, joins "CBS Mornings" with his gene-altered beagle, Bailey, to discuss creating future options for people with severe pet allergies.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Crime
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Crime
The Sentencing of the Gilgo Beach Serial Killer
After decades of waiting, the victims of Gilgo Beach serial killer Rex Heuermann finally faced him in a courtroom that became a space for grief, rage, and release. In this episode, we focus on the emotional heart of the sentencing — from raw statements to the quiet devastation of children who grew up without their mothers — and what it meant to finally say these words, face-to-face.
More healthcare testimony in Clancy trial
Healthcare workers who treated Lindsay Clancy's postpartum mental health concerns are back on the stand Tuesday in her murder trial. CBS News legal contributor Jessica Levinson has the latest.
Lindsay Clancy's psychiatrist back on stand
Lindsay Clancy's psychiatrist, Dr. Jennifer Tufts, is back on the stand Monday as the Massachusetts murder trial enters its third week. CBS News' Katrina Kaufman has more.
Man who allegedly arranged Tupac Shakur's 1996 killing is on trial in Las Vegas
The man who prosecutors say orchestrated the 1996 killing of rap icon Tupac Shakur, Duane "Keffe D" Davis, is on trial almost 30 years after the drive-by shooting in Las Vegas.
2 killed in New York Harbor boat capsize
The captain of a boat that overturned in New York Harbor was charged with reckless endangerment. Twelve people were saved, but a mother and her 5-month-old daughter died. Michael George reports.
Space
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Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Latest Galleries
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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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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
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Latest CBS News Videos
Inside D4vd's Preliminary Hearing in Murder Case
A preliminary hearing offers the clearest look yet at the case against singer-songwriter D4vd, who is charged with the murder of 14-year-old Celeste Rivas Hernandez. "48 Hours" correspondent Anne-Marie Green is joined by Los Angeles Times investigative crime writer Richard Winton to unpack the latest courtroom developments, the prosecution's strategy, the defense's response, and the evidence that could determine whether the case advances to trial.
Disturbing New Allegations Against D4vd
On April 29, prosecutors released a brief outlining their case against singer-songwriter D4vd, who has been charged in the murder of 14-year-old Celeste Rivas Hernandez. On this episode of "Case By Case," we examine the state's timeline of events, including the allegation that D4vd stabbed Celeste and went to great lengths to cover up the crime. Plus, an update on Nick Reiner who appeared in the same court just hours before D4vd. "48 Hours" correspondent Erin Moriarty and Los Angeles Times crime writer Richard Winton dig into the new details on both stories.
The Sentencing of the Gilgo Beach Serial Killer
After decades of waiting, the victims of Gilgo Beach serial killer Rex Heuermann finally faced him in a courtroom that became a space for grief, rage, and release. In this episode, we focus on the emotional heart of the sentencing — from raw statements to the quiet devastation of children who grew up without their mothers — and what it meant to finally say these words, face-to-face.
The Au Pair Affair: Banfield Sentenced to Life
On Friday, June 5, Brendan Banfield was sentenced to life in prison without parole for orchestrating an elaborate plot to murder his wife, Christine Banfield, while carrying on an affair with the family's au pair, Juliana Peres Magalhães. The scheme involved luring an unsuspecting man, Joseph Ryan, to the Banfield home and attempting to frame him for the crime. "48 Hours" correspondent Anne-Marie Green and "48 Hours" producer Michelle Sigona share the most passionate moments from victim impact statements. You'll also hear from Brendan Banfield in court as he maintained his innocence.
D4vd Charged with Murder
Following the discovery of Celeste Rivas Hernandez's remains in a vehicle registered to D4vd last fall, what were the key developments that led to charges this week? On this episode of "Case by Case," we examine all of the new details coming out of the case against singer-songwriter David Anthony Burke, who professionally goes by D4vd. "48 Hours" correspondent Natalie Morales and CBS News chief correspondent Matt Gutman break down what we know so far about Celeste's death and the alleged abusive relationship she had with the singer.