Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
Economy
How to avoid financial fraud and tax scams
CBS News business analyst Jill Schlesinger joins “CBS Mornings” to discuss IRS scams and how to avoid them. She shares red flags to watch for, and how to report them to the government.
CBS Evening News, July 15, 2022
Biden holds controversial meeting with Saudi crown prince; "CBS Evening News" viewers help raise $45,000 for family struggling to afford gas
Goldman Sachs' CEO on small businesses
Goldman Sachs' CEO David Solomon joins “CBS Mornings” with his financial outlook and why the company is trying to get more support for small businesses.
Making sense of the economy amid inflation
Economists were spot on that our post-pandemic recovery will not follow the normal rules. However, we now find ourselves watching inflation skyrocket as fuel prices fall. Derek Thompson, staff writer at the Atlantic, joins CBS News to discuss his latest piece, titled "The Everything-Is-Weird Economy."
Federal Reserve signals possible rate hike
The Federal Reserve is signaling it could again raise interest rates. Matt Luzzetti, senior U.S. economist at Deutsche Bank, speaks with CBS News’ Adriana Diaz on what this could mean for American consumers.
Europe feels pain of soaring fuel costs as Ukraine war drags on
In Italy more people are heading to food banks, while Germans are turning down the AC to prep for energy rationing.
Open: This is "Face the Nation with Margaret Brennan," July 17
This week on “Face the Nation with Margaret Brennan,” with inflation now hitting over 9%, we have a string of guests to talk about the state of the American economy as experts fear a recession is coming. Plus, more on the subpoena to the U.S. Secret Service sent by the House select committee investigating the Jan. 6 attack on the U.S. Capitol with member Rep. Adam Kinzinger.
Viewers donate to family struggling to afford gas
"CBS Evening News" viewers helped raised more than $45,000 for a family who was struggling to pay for gas to get their daughter who has cancer to her medical appointments. The family won't have to rely on high-interest payday loans to buy gas thanks to the donations.
TechWatch: Tech companies upping layoffs
Technology companies have increasingly laid off workers in recent months. CBS News tech reporter Dan Patterson dives into the pattern of more layoffs and slower hiring.
This week on "Face the Nation with Margaret Brennan," July 17, 2022
Rep. Adam Kinzinger, former FDA Commissioner Dr. Scott Gottlieb and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Stocks rally as investors look for "pockets of optimism"
Investors were cheered by new data on strong consumer spending, but worries remain about the impact of high inflation.
Families struggle as inflation, gas prices soar
Inflation is pushing many Americans past their financial limits. Adriana Diaz met one family that's taking out high-interest loans to pay for gas to get their daughter to her cancer treatments.
U.S. stocks sink as investors worry Fed hikes might derail growth
"Growth fears are hitting the markets harder than inflation concerns," said one analyst.
A look at shark economics
Swimmers, surfers and businesses in Southern California have adapted to life with juvenile great white sharks. Now, researchers who have studied sharks for years are trying to understand their impact on the local economy. Carter Evans has more.
Understanding the used car market bubble
Experts warn that the market bubble for used cars might explode in the coming months. Wholesale prices for used cars reportedly increased 44% in November 2021 compared to one year before. CBS News' Tanya Rivero and Elaine Quijano sit down with Lisa Beilfuss Popeo, a senior writer for Barron's, to discuss the used car market, its relation to a rise in car repossessions, and when Americans can expect the market to stabilize.
Inflation surges in June
Inflation hit a fresh 40-year record in June, with consumer prices increasing 9.1% . It's the fastest increase in prices since November 1981, and above what economists had expected. Nancy Chen reports.
CBS Evening News, July 13, 2022
U.S. inflation hits 41-year high; Statue of civil rights leader replaces Confederate statue at U.S. Capitol
"Shrinkflation": Consumers getting less for their money
Consumers are getting less for their money as products get smaller and prices stay the same. Carter Evans has more on "shrinkflation."
U.S. inflation hits 41-year high
Inflation surged to a 41-year high, with the Consumer Price Index showing Americans paid more last month for just about every necessity from gas prices to rent. Nancy Chen takes a look.
Cost-of-living crisis will hit women hardest, report says
U.S. ranks No. 27 in gender parity, behind New Zealand, Rwanda and Germany which received top marks in report.
"Inventory glut" forces deep discounts
Now that orders are finally catching up from pandemic-related shipping delays, consumers are taking advantage of storewide discounts as retailers try to clear the backlog of inventory. Carter Evans reports.
Tips to prepare for a possible recession
With inflation at a 40-year high, and the Federal Reserve raising interest rates, many financial experts warn of an economic slowdown. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss how to protect your finances during this uncertain time.
U.S. caused $2T in climate harm to poor nations, study finds
"It's the countries that have emitted the least that are also the ones that tend to be harmed," says co-author.
Sri Lankan president flees the country amid economic crisis
Lawmakers agreed to elect a new president next week but struggled Tuesday to decide on the makeup of a new government.
2 agents fired their weapons during Alex Pretti shooting, report to Congress says
Two agents fired their weapons during the fatal shooting of Alex Pretti, according to a report to Congress obtained by CBS News.
Watch Live: Rubio testifes about Venezuela at Senate hearing
The hearing will be the first chance for lawmakers to publicly question the secretary of state about the capture of Nicolás Maduro and the future of the country.
Trump warns Iran to make a nuclear deal, threatening new U.S. attack
Suggesting Iran could suffer the same fate as Venezuela, Trump warns Tehran to negotiate a new nuclear agreement, or face "major destruction."
Man sprays Rep. Ilhan Omar with unknown substance at town hall
Rep. Ilhan Omar was calling for the abolishment of ICE and for Homeland Security Secretary Kristi Noem to resign when a man sitting in the front row rushed up and sprayed her. He was arrested and Omar was not injured, police said.
Tillis becomes first GOP senator to call for "incompetent" Noem to step down
Republican Sen. Lisa Murkowski later echoed the sentiments shared by her colleague, Sen. Thom Tillis.
Would-be assassin of Iranian dissident set for sentencing in Manhattan
Iranian dissident Masih Alinejad Will confront a man who was involved in a murder-for-hire plot against her at his sentencing in federal court in Manhattan.
Former law enforcement trainer sees "unanswered questions" in Alex Pretti's shooting
A former federal law enforcement trainer says the fatal shooting of Alex Pretti by U.S. Customs and Border Protection officers raises serious concerns about their tactical decision-making and use of force.
CBS Boise chief meteorologist Roland Steadham killed in plane crash
Roland Steadham and one other person were aboard a small plane that crashed into the icy Payette River on Tuesday.
Amazon slashing some 16,000 jobs in its latest layoff round
Amazon is cutting about 16,000 jobs after eliminating some 14,000 in October.
U.S.
More U.S.
Tax season is here — don't fall for these common scams
The FTC is warning taxpayers to keep an eye out for phishing and smishing scams aimed at stealing tax refunds and personal data.
CBS Boise chief meteorologist Roland Steadham killed in plane crash
Roland Steadham and one other person were aboard a small plane that crashed into the icy Payette River on Tuesday.
Details emerge about victims killed in private jet crash in Maine
The victims in a private jet crash in Bangor, Maine, include a Texas mother who had been planning her daughter's wedding and a chef from Hawaii.
Texas man slated to be first person executed in U.S. this year, for double murder
A Texas man is slated to be first person executed in U.S. this year, for killing his ex-girlfriend and her new boyfriend. At one point he escaped for three days.
NASA plane makes belly landing at Texas airport, video shows
Video shows the NASA WB-57 plane touching down with a jolt, its wings bouncing as yellow fire and white smoke bursts from beneath it.
MoneyWatch
More MoneyWatch
Tax season is here — don't fall for these common scams
The FTC is warning taxpayers to keep an eye out for phishing and smishing scams aimed at stealing tax refunds and personal data.
Amazon slashing some 16,000 jobs in its latest layoff round
Amazon is cutting about 16,000 jobs after eliminating some 14,000 in October.
Yale to offer free tuition to families who earn less than $200,000 a year
Yale joins Harvard, MIT and other top universities that have eliminated tuition for households with modest income.
Pinterest cites AI in laying off 15% of workforce
Pinterest is cutting costs to create more cash flow for AI-focused roles and AI‑powered products, the company said in a filing Tuesday.
Here's what to expect at the Fed's first interest rate meeting of 2026
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Politics
More Politics
Former law enforcement trainer sees "unanswered questions" in Alex Pretti's shooting
A former federal law enforcement trainer says the fatal shooting of Alex Pretti by U.S. Customs and Border Protection officers raises serious concerns about their tactical decision-making and use of force.
Watch Live: Rubio testifes about Venezuela at Senate hearing
The hearing provides the first opportunity for lawmakers to publicly question the secretary of state about the capture of Nicolás Maduro and the future of Venezuela.
DOJ says it will finish releasing Epstein files soon, but doesn't offer timeline
Top Justice Department officials said Tuesday they expect to finish reviewing and publishing files on the late sex offender Jeffrey Epstein soon, but cannot provide a specific timeline.
Man sprays Rep. Ilhan Omar with unknown substance at town hall
Rep. Ilhan Omar was calling for the abolishment of ICE and for Homeland Security Secretary Kristi Noem to resign when a man sitting in the front row rushed up and sprayed her. He was arrested and Omar was not injured, police said.
One of Alex Pretti's final ICU patients says terrorism claims "broke my heart"
Alex Pretti, the man fatally shot Saturday by Border Patrol officers, was a nurse at the Minneapolis VA hospital, where he worked with the sickest of the sick in the ICU.
HealthWatch
More HealthWatch
South Carolina measles outbreak now larger than Texas' in 2025, new data shows
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
Trump policies at odds with emerging understanding of COVID's long-term harm
Studies offer insights into the health risks and burdens faced by people who have had COVID infections. Meanwhile, the Trump administration has narrowed COVID vaccine recommendations and cut research.
Pediatrics group releases vaccine recommendations, breaks with CDC
The AAP is recommending immunization against 18 diseases. Earlier this month, the CDC reduced its recommendations for childhood vaccines to 11 diseases.
Academy of Pediatrics vaccine reccomendations
The American Academy of Pediatrics released its own recommendations for childhood vaccinations Monday. The list differs significantly from the reduced vaccine schedule released earlier this month by the CDC. Dr. Amanda Kravitz, pediatrician at Weill Cornell in New York City, joins CBS News to discuss.
Winter storm brings warnings about heart attack risk of shoveling snow
Cardiologists say shoveling snow can increase a person's risk of experiencing a heart attack.
World
More World
Trump warns Iran to make a nuclear deal, threatening new U.S. attack
Suggesting Iran could suffer the same fate as Venezuela, Trump warns Tehran to negotiate a new nuclear agreement, or face "major destruction."
Would-be assassin of Iranian dissident set for sentencing in Manhattan
Iranian dissident Masih Alinejad Will confront a man who was involved in a murder-for-hire plot against her at his sentencing in federal court in Manhattan.
French ex-senator found guilty of drugging lawmaker to assault her
The trial comes months after the landmark drugging-and-rape case that turned Gisèle Pelicot into a global icon of the fight against sexual violence.
Iranian man describes surviving deadly protest crackdown
Amid an ongoing internet blackout in Iran, one man was able to get through and speak with CBS News, describing what he said was a massacre of anti-government protesters in early January.
Families of 2 men killed in Caribbean boat strike sue U.S. government
The families of two Trinidadian men who were killed in a boat strike sued the U.S. government, arguing the "premeditated and intentional killings lack any plausible legal justification."
Entertainment
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Entertainment
Peyton List on new season of "School Spirits"
Peyton List, who stars in the series "School Spirits" talks to "CBS Mornings" about the show's third season, her desire for her character to get closure and performing in off-Broadway's "Heathers The Musical."
Rosé opens up about success, self-doubt
Singer Rosé is the first K-pop star to have a song nominated in the Grammy's main categories, including record of the year and song of the year. She spoke to "CBS Mornings" about why she's still coming to terms with her success.
Natalia Lafourcade reflects on music career
Natalia Lafourcade is the most awarded woman in Latin Grammy history with 20 awards. This year, she's up for best Latin pop album at the Grammys, which would be her fifth Grammy if she wins. Lafourcade spoke to Anthony Mason about her music journey and rise to fame.
Ye, formerly Kanye West, reveals brain injury, apologizes for antisemitic remarks
In a full-page ad in the Wall Street Journal, Ye, the artist formerly known as Kanye West, revealed that the right frontal lobe of his brain was injured in a car accident 25 years ago.
Sundance Film Festival leaving Park City, Utah
After more than 40 years, the Sundance Film Festival is leaving its longtime host of Park City, Utah, and heading to Boulder, Colorado. Sarah Horbacewicz reports.
Technology
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Technology
Newsom launches probe into TikTok
The new American version of TikTok is under scrutiny as some users claim the app is suppressing anti-ICE or anti-Trump content. Now, California Gov. Gavin Newsom is launching an investigation into the complaints. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Social media addiction case begins
A jury selection began on Tuesday in a landmark trial over alleged social media addiction. TikTok reached a late-night agreement Monday to settle the case. Stuart Benjamin, a professor at Duke Law School, breaks it down.
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.
Meta, YouTube still slated to go to trial
Tuesday marks the start of a landmark trial in a lawsuit claiming that social media companies are using addictive technology to hook children. TikTok, one of the giants being sued in this case, just agreed to settle and avoid the courtroom. CBS News' Shanelle Kaul and BBC Technology correspondent Lily Jamali have more.
TikTok settles ahead of landmark case
TikTok settled a lawsuit ahead of the landmark California case set to begin over social media addiction. CBS News' Shanelle Kaul has more details.
Science
More Science
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Crime
More Crime
Crime
New details in shooting of Indiana judge
Authorities say the shooting of an Indiana judge and his wife in their home was a gang attack and a planned assassination attempt. Five people were arrested last week and charged in the shooting. Jericka Duncan reports.
Government report on Alex Pretti shooting
A U.S. Customs and Border Protection report shared with Congress does not mention Alex Pretti reaching for his firearm before he was killed, as alleged by Trump administration officials. CBS News' Matt Gutman reports.
Man arrested after charging at Rep. Omar
A man charged at Minnesota Rep. Ilhan Omar during a town hall event in Minneapolis on Tuesday. Also, a government report sent to Congress reveals more details about the Border Patrol shooting of Alex Pretti. CBS News' Ian Lee reports.
Texas man slated to be first person executed in U.S. this year, for double murder
A Texas man is slated to be first person executed in U.S. this year, for killing his ex-girlfriend and her new boyfriend. At one point he escaped for three days.
Would-be assassin of Iranian dissident set for sentencing in Manhattan
Iranian dissident Masih Alinejad Will confront a man who was involved in a murder-for-hire plot against her at his sentencing in federal court in Manhattan.
Space
More Space
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
More on Virgin Galactic all-female space crew
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
Latest Galleries
More Latest Galleries
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.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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
More Latest CBS News Videos
Latest CBS News Videos
Peyton List on new season of "School Spirits"
Peyton List, who stars in the series "School Spirits" talks to "CBS Mornings" about the show's third season, her desire for her character to get closure and performing in off-Broadway's "Heathers The Musical."
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Fight over DHS funding may lead to shutdown
A partial government shutdown is likely if legislators can't agree on funding for the Department of Homeland Security. CBS News' Caitlin Huey-Burns reports.
Ben Crump on federal response in Minneapolis
While speaking with "CBS Mornings" about his debut novel, "Worse Than a Lie," attorney Ben Crump addressed the federal response in Minneapolis and said ICE's actions have been an "assault on our constitution." Crump also commented on what advice he would give the families of Alex Pretti and Renee Good.
Rosé opens up about success, self-doubt
Singer Rosé is the first K-pop star to have a song nominated in the Grammy's main categories, including record of the year and song of the year. She spoke to "CBS Mornings" about why she's still coming to terms with her success.