Stocks fall as trading wobbles along with investor confidence
Trading remains choppy as investors try to determine how rising interest rates and inflation will impact economy.
Economy
Smaller boxes in cereal aisle? Say hello to shrinkflation.
Manufacturers are again downsizing packaging in an effort to ease the hit from inflation. Are they going too far?
OECD: War in Ukraine will drag down global economy
"The war could spark starvation. It could cause social unrest and political turmoil," OECD chief economist said.
U.S. gas prices hit record-high
Americans are paying record-high prices for gasoline as the summer travel season kicks off. CBS News correspondent Carter Evans has more on the rising gas prices. Then, John Leer, the chief economist for Morning Consult, joins Lana Zak on CBS News to discuss the U.S. economy and more.
Soaring gas prices hit new record
The national average for a gallon of gas hit $4.91. In 13 states, it's above $5 a gallon. Carter Evans has more.
Gas prices soar to new record highs
Gas prices have once again soared to a new record high. The national average for a gallon of gas is now $4.92. That’s up nearly $2 from the same time last year. CBS News correspondent Carter Evans is in Los Angeles, which has some of the nation’s highest gas prices. He joins Tanya Rivero and Elaine Quijano for more on this.
5 credit card perks that can help you fight inflation
Whether your goal is to pay off debt or save money, credit cards offer rewards and benefits that can make a difference.
Target's shares tumble after cutting orders amid inventory glut
Americans have pivoted from pandemic spending, faster than some retailers expected. Target shares tumbled in pre-market trading.
Summit of the Americas kicks off in Los Angeles
The United States is hosting the Summit of the Americas in Los Angeles. The gathering includes world leaders from across North, South and Central America. Eric Farnsworth, the vice president of Council of the Americas, joined CBS News' Lana Zak to discuss the summit.
Open: This is "Face the Nation with Margaret Brennan," June 5
This week on “Face the Nation with Margaret Brennan,” we try to understand what the country wants to see happen when it comes to new gun control laws in the wake of the Uvalde and Buffalo shootings. Plus, a look at the state of the economy and a preview of the Jan. 6 hearings.
Stocks close down despite upbeat jobs report
The U.S. added 390,000 jobs in May and unemployment remained flat at 3.6%, according to the latest jobs report from the Labor Department, but stocks closed the week in the red. CBS News' Elaine Quijano spoke with Lori Bettinger, president of BancAlliance and former director of the federal Troubled Asset Relief Program, about how this affects your paycheck.
This week on "Face the Nation with Margaret Brennan," June 5, 2022
Rep. Adam Schiff, Sen. Pat Toomey, Dr. Walter J. Koroshetz and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Biden responds to Elon Musk's economic doubts
President Biden on Friday responded to Elon Musk's recent doubts about the U.S. economy, saying he wished the Tesla CEO "lots of luck on his trip to the moon." According to Reuters, Musk said in an email to Tesla executives Thursday he has a "super bad feeling" about the economy and he said in an email to employees Friday that he'll be cutting about 10% of workers.
U.S. employers added 390,000 jobs in May
U.S. employers added 390,000 jobs in May, according to the Bureau of Labor Statistics. The unemployment rate stayed at 3.6% for the third straight month. Senior economist at Glassdoor, Daniel Zhao, joined CBS News' Anne-Marie Green and Vladimir Duthiers with reaction to these latest figures.
Musk reportedly wants to cut 10% of Tesla workforce
Tesla shares fell more than 7% on a report the CEO is considering layoffs over a "super bad feeling" about the economy.
Jamie Dimon: Interest rates, war will cause economic "hurricane"
It won't necessarily be a recession, but expect a rocky road ahead, warns the JPMorgan Chase CEO.
U.S. strengthens trade ties with Taiwan
The Biden administration has announced new trade initiatives with Taiwan to strengthen economic ties, focusing on supply chains, clean energy, labor rights and technology exports. Tensions between Washington and Beijing are already high after President Biden promised to defend Taiwan if it was invaded. Shelley Rigger, a political science professor at Davidson University, joined CBS News' Elaine Quijano to discuss.
Parents facing mounting stress
Issues like the COVID-19 pandemic, an unstable economy and fear of violence are causing more parents anxiety. Dr. Howard Stevenson joins "CBS News Mornings" with more insight and information to help cope.
5/31: Red and Blue
Congress discussing bipartisan gun control bills; Biden looks to curb inflation
Layoffs hit 20-year low in April as job market stayed tight
The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high.
White House adviser talks fighting inflation
The U.S. is struggling with some of its highest levels of inflation in four decades. Heather Boushey, who is on the White House’s Council of Economic Advisers, joins CBS News to discuss the Biden Administration’s plans to address its new top economic priority, inflation.
Stocks slip after EU agrees to partial ban on Russian oil
Investors retreat as global crude prices jump on European Union plan to embargo most Russian oil exports.
Summer travelers can expect sticker shock experts say
With domestic airfares averaging over $400 a round trip, "Europe is the best travel bargain out there," says one expert.
Wall Street breaks 7-week losing streak — longest since 2001
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
Key inflation gauge eases for the first time since 2020
Although U.S. inflation remains painfully high, two closely watched barometers suggest prices are moderating.
Live
Iran warns of "irreversible damage" to region after Trump attack threat
President Trump's threat comes after CENTCOM's commander said that Iran's ability to threaten the Strait of Hormuz had been "degraded."
Poll: Most say Iran war not going well, but don't want regime left in power
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
Trump says ICE agents will assist TSA at airports as delays worsen
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
Robert Mueller, former FBI director and special counsel, dies at 81
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Iranian strikes on towns near Israel's main nuclear research center injure over 100
Iran struck two communities near Israel's main nuclear research center late Saturday, leaving at least 90 people wounded in the southern part of the country.
Trump administration says it is ready to deport Abrego Garcia to Liberia
The Trump administration has asked a federal judge to dissolve her order preventing ICE from deporting Kilmar Abrego Garcia to Liberia.
Cory Booker: "We, the people, are the heroes this country needs"
The New Jersey Senator has been a face of the Democratic Party's resistance to the Trump administration. He expresses his hopes for our nation in a new book, "Stand," in which he encourages Americans to stand together, reminding us of our shared virtues.
More than 230 rescued amid severe floods in Hawaii; more rain expected
Raging waters lifted homes and cars and prompted evacuation orders for 5,500 people north of Honolulu, though they were later lifted.
Possible meteorite crashes into Houston area home, officials say
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
U.S.
More U.S.
Fentanyl found inside Barbies sold at Missouri discount store, police say
Police found that five Barbie packages containing fentanyl were sold. They have all been recovered.
Trump administration says it is ready to deport Abrego Garcia to Liberia
The Trump administration has asked a federal judge to dissolve her order preventing ICE from deporting Kilmar Abrego Garcia to Liberia.
Why it pays to be bored
Resolving boredom through our incessant attention to our devices has, according to New York Times bestselling author Arthur C. Brooks, also brought an end to letting our minds wander, inhibiting abstract thinking, and making us vulnerable to anxiety and depression.
Signs of the times: Removing stories of America's past from our national parks
Following an executive order from President Trump, the Department of the Interior has removed dozens of educational signs at our national parks that the administration claims promote "divisive narratives" and "corrosive ideology."
How iNaturalist app users have fun while aiding science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss - and, as Martha Stewart discovers, it's fun!
MoneyWatch
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Jury finds Elon Musk liable for misleading investors during Twitter purchase
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
CBS News Radio to shut down after nearly a century of broadcasting
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Getting ready to fly? Here are 3 ways to track TSA wait times.
Security lines are stretching up to 2 hours at some airports amid TSA staffing shortages. Here's how to check wait times before you leave.
Are the Trump administration's efforts to lower oil and gas prices working?
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
Nearly 90,000 bottles of children's ibuprofen recalled across the U.S.
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
Politics
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Cory Booker: "We, the people, are the heroes this country needs"
The New Jersey Senator has been a face of the Democratic Party's resistance to the Trump administration. He expresses his hopes for our nation in a new book, "Stand," in which he encourages Americans to stand together, reminding us of our shared virtues.
Poll: Most say Iran war not going well, but don't want regime left in power
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
Supreme Court to consider deadlines for late-arriving mail ballots
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Senate blocks voting bill's amendment on trans athletes during weekend session
Democrats are expected to eventually block the broader legislation.
Robert Mueller, former FBI director and special counsel, dies at 81
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
HealthWatch
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More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Complex procedure saves officer with chest pain, heart condition
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
World
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Poll: Most say Iran war not going well, but don't want regime left in power
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
Iranian strikes on towns near Israel's main nuclear research center injure over 100
Iran struck two communities near Israel's main nuclear research center late Saturday, leaving more than 100 people wounded in the southern part of the country.
Cuba suffers second nationwide power outage in less than a week
Humanitarian organizations began delivering aid to Cuba by air Friday, including solar panels, food and medicine.
2 skiers killed, 5 hurt in northern Italy avalanche
A total of 25 skiers were on the mountainside where the avalanche occurred, but most had escaped.
BTS kicks off global tour with South Korea concert
Local reports estimate that roughly 40,000 people gathered across central Seoul to watch K-pop band BTS reunite.
Entertainment
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Lisa Kudrow on making "The Comeback"
In 2005, the "Friends" star played Valerine Cherish, a washed-up sitcom actress, in the HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and returned in 2014. Now, "The Comeback" is itself making a comeback.
Extended interview: Lisa Kudrow
In this web exclusive, Emmy-winning actress Lisa Kudrow talks with Tracy Smith about "Friends," and her HBO show "The Comeback."
Lisa Kudrow on making "The Comeback"
"Friends" star Lisa Kudrow played a washed-up sitcom actress, Valerie Cherish, in the 2005 HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and then returned in 2014. Now, "The Comeback" is itself making a comeback for a third season. Kudrow talks with correspondent Tracy Smith about her love for playing Phoebe Buffay; her aptitude for "cringe comedy"; and how she found solace following the death of "Friends" castmate Matthew Perry.
Chef Ruthie Rogers on the comforts of food and conversation
The River Cafe in London has had a Michelin star since the late 1990s, thanks to co-founder, owner, acclaimed chef and podcaster Ruthie Rogers, whose new book, "Table 4 at the River Cafe," celebrates conversations and comfort food.
Chef Ruthie Rogers: Food and conversation
The River Cafe in London has had a Michelin star since the late 1990s, thanks to co-founder, owner and acclaimed chef Ruthie Rogers. Seth Doane talks with the American-born Rogers about her fabled Italian restaurant, her new book, "Table 4 at the River Cafe," and her podcast, all of which celebrate the connections brought about by conversations and comfort food.
Technology
More Technology
How iNaturalist app users have fun while aiding science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss - and, as Martha Stewart discovers, it's fun!
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
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.
Jury finds Elon Musk liable for misleading investors during Twitter purchase
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
White House unveils AI framework for Congress
The White House unveiled a national framework for how it wants Congress to address concerns about artificial intelligence. Technology journalist Jacob Ward joins CBS News to discuss the outline and AI concerns.
Science
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Science
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
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.
Crime
More Crime
Fentanyl found inside Barbies sold at Missouri discount store, police say
Police found that five Barbie packages containing fentanyl were sold. They have all been recovered.
Couple on unusual activity at neighbor's home: "I think they finally killed him"
When Gary Herbst, described by his Minnesota neighbors as confrontational, disappeared on July 8, 2013, it appeared he walked out on his wife and teenage son. Years later, a startling discovery would confirm what neighbors thought they might have witnessed.
Wife of Joseph Duggar charged with child endangerment after his arrest
Kendra Duggar was charged with multiple misdemeanors a day after husband Joseph Duggar's arrest.
5 more defendants plead guilty in Feeding Our Future fraud scheme
Five people who were charged in connection to the Feeding Our Future scheme pleaded guilty to wire fraud this week.
See police bodycam video of Justin Timberlake's DWI arrest on Long Island
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Space
More Space
Possible meteorite crashes into Houston area home, officials say
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
Eileen Collins on breaking barriers in space
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
Repaired moon rocket heads back to launch pad for April 1 blastoff
After a trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
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.
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
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Latest CBS News Videos
Iranian missiles hit Israel
Iranian missiles hit southern Israel overnight near its main nuclear facility at Dimona, injuring at least 170 people according to the authorities and causing heavy destruction. Charlie D'Agata reports from the worst-hit town of Arad.
Open: "Face the Nation," March 22, 2026
This week in "Face the Nation with Margaret Brennan," amid an escalation of the Iranian war, a new CBS News poll shows the conflict and rising gas prices are fueling economic concerns in the U.S. Plus, U.N. Ambassador Mike Waltz and NATO Secretary General Mark Rutte join.
Nature: Spring in Mason County, Texas
We leave you this first Sunday of spring surrounded by wildflowers and songbirds in Mason County, Texas. Videographer: Scot Miller.
In conversation with Cory Booker
New Jersey Senator Cory Booker has been a face of the Democratic Party's resistance to the Trump administration – from a record-breaking filibuster critical of the president's policies, to calls for accountability over U.S. involvement in the war with Iran. He also expresses his hopes for our nation in a new book, "Stand," in which he encourages Americans to stand together, reminding us of our shared virtues. He talks with Faith Salie about a political career forged in Newark, N.J. ("the toughest place in politics ever"), and how it is time to "seize, reclaim, and redeem the dream of America."
Why it pays to be bored
Resolving boredom through our incessant attention to our devices has, according to New York Times bestselling author Arthur Brooks, also brought an end to our willingness to let our minds wander – inhibiting abstract thinking and making us vulnerable to anxiety and depression. He talks about his new book, "The Meaning of Your Life: Finding Purpose in an Age of Emptiness," and why constant distraction gets in the way of our ability to be fully alive.