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.
Economy
Here's how much the typical CEO made last year
Compensation for chief executives rose more than 17% in 2021, compared with 4.4% for private-sector workers.
Travelers, costs up for Memorial Day weekend
An estimated 39.2 million Americans are expected to travel over the holiday weekend, despite high gas and hotel costs.
Elon Musk revises Twitter financing plan to include more equity
News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.
U.S. economy shrank at 1.5% rate in the first quarter
Even though consumers and businesses kept spending, a trade imbalance pushed down the economy between January and March.
Impact of rising food costs on school lunches
Nationwide, school lunch programs are grappling with the rising food prices and ingredient shortages due to supply chain disruptions. CBS News correspondent Scott MacFarlane spoke to school lunch administrators who are struggling to put together the weekly lunch menus.
Economy a concern in primaries
New polling from CBS News shows that the majority of Americans are concerned about the economy as more states hold their midterm primary elections. Former President Donald Trump’s influence over the Republican Party is set to be tested again in two critical races in Georgia. CBS News senior White House and political correspondent Ed O'Keefe joins “CBS News Mornings” from Atlanta with the latest.
Americans increasingly concerned with economy
New CBS News polling shows Americans are increasingly concerned with economic issues ahead of the 2022 midterm elections. Meanwhile, critical primary races in Georgia on Tuesday are poised to test former President Trump's influence in the Republican Party.
Brutal week on the stock market
Americans are paying record high prices at the pumps, as inflation fears wreak havoc on the stock market. Errol Barnett reports from Washington, then Lana Zak speaks with Baker Boyer Bank's Chief Financial Officer John Cunnison about how this will impact the average American.
CBS News poll: Americans feel uneasy as economic concerns grow00
CBS News elections and surveys director Anthony Salvanto breaks down a new CBS News poll that finds the number of Americans who say things are going badly in the country, particularly with the economy, is at the highest rate of the Biden presidency.
Biden reaffirms alliance with South Korea
President Biden reaffirmed the U.S.-South Korea alliance as the two countries look to deter North Korean nuclear missile threats and dependence on Chinese manufacturing. Nancy Cordes has more.
U.N. cites Ukraine war in grain shortage
Russia's war on Ukraine has disrupted the world's food supply. After the Russian military targeted a grain elevator in the city of Dnipro and blockaded Ukrainian sea transit routes, a halt on grain exports from the region has affected more than a billion people. Imtiaz Tyab has more.
Impact of Wall Street volatility
A volatile week for the stock market has some investors worried the economy could fall into a recession. Jaime Quiros, senior portfolio manager at FBB Capital Partners, speaks with CBS News' Lana Zak on how the uncertainty could impact our daily lives.
Gas prices hit records as inflation fears intensify
As the price of gas and groceries rise with inflation, plenty of Americans are feeling the financial pressure of an economy potentially heading toward a recession. Errol Barnett takes a look.
This week on "Face the Nation with Margaret Brennan," May 22, 2022
Former United States Secretary of Defense Robert Gates, Senator Rick Scott and more appear on "Face the Nation with Margaret Brennan" this Sunday.
5/19: Red and Blue
U.S. Senate passes $40B Ukraine aid package; Rise in U.S. unemployment claims
Stocks plunge as economic fears intensify
The stock market plunge and inflation present two challenges for President Biden and Democrats, who are hoping to retain control in the upcoming midterm elections. Ed O'Keefe has more details.
Inflation rises to near 40-year high
Global forces including supply chain disruptions, energy costs and Russia's invasion of Ukraine have contributed to rising inflation, which is at a near 40-year high. Mark Strassmann reports.
Rising prices fuel frustration over inflation
CBS News' Mark Strassmann reports from Atlanta on Americans' growing frustration with inflation, as gas, food and housing prices continue to climb.
Face The Nation: Gottlieb, Blankfein, Esper
Missed the Second half of the show? The latest on the baby formula shortage with Dr. Scott Gottlieb, GOP candidates make final pitch for Senate primary election, the war in Ukraine, inflation with Goldman Sachs’ Lloyd Blankfein, and Former Defense Secretary Mark Esper discusses January 6 committee.
House takes action amid baby formula shortage
The House is set to consider a measure to buy an excess supply of baby formula from other countries to ease the struggle so many American families are facing. But some Republicans are demanding more action from the Biden administration and are wondering why the shortages have become so severe. Elise Preston has more.
This week on "Face the Nation with Margaret Brennan," May 15, 2022
Transportation Secretary Pete Buttigieg, former U.S. Secretary of Defense Mark Esper and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Crypto meltdown continues as investors exit market
The massive downturn in cryptocurrencies continued Thursday, as the price of Bitcoin plunged to its lowest point since 2020. Peter Smith, CEO and co-founder of Blockchain.com, joins CBS News' Lilia Luciano to discuss the recent volatility.
Russia threatened by Finland's race to join NATO
Russia is lashing out after Finland said it is applying to NATO. Russia cut off gas supplies to Europe, a day after the Ukrainian government halted gas transfers through its territory. Charlie D'Agata reports.
Tips for dealing with soaring grocery prices
According to the U.S. Bureau of Labor Statistics, grocery prices increased 10.8% from April 2021 to April 2022. CBS News' Tanya Rivero meets with money-saving expert Andrea Woroch to discuss how Americans can save money at the grocery store.
Live
U.S.-Iran Strait of Hormuz standoff and Israeli strikes in Lebanon continue
There's no confirmation of plans for new U.S.-Iran talks as the costly Strait of Hormuz standoff and Israel's fight with Hezbollah both continue despite ceasefires.
Justice Department drops probe into Fed Chair Jerome Powell
U.S. Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.
As U.S. re-arms during ceasefire, long-term concerns about munitions supplies
The Trump administration has sought to project confidence in the U.S. military's munitions stocks after more than a month of war with Iran, but long-term supply questions remain.
U.S. special forces soldier who won $409K on Maduro bet is arrested
The soldier allegedly bet on Nicolás Maduro's removal as president of Venezuela before news of the raid was reported, a law enforcement source told CBS News.
Melania Trump adds White House-shaped beehive to South Lawn
The new beehive expands existing beekeeping and honey production operations at the White House.
Netanyahu says he was treated for early-stage prostate cancer
Israeli Prime Minister Benjamin Netanyahu says the successful operation for prostate cancer happened 18 months ago and that he is now in "excellent physical condition."
Oklahoma tornado destroys homes, forces Air Force base to close
A powerful tornado in Oklahoma ripped roofs off buildings, destroyed homes, knocked down utility poles and forced an Air Force base to close.
Rob and Michele Reiner's son, Jake, speaks out about his parents' deaths
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price"
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
U.S.
More U.S.
Study reveals the college majors that new grads regret the most
One in five recent grads regret their college major, a ZipRecruiter report finds.
Rob and Michele Reiner's son, Jake, speaks out about his parents' deaths: "My world, as I knew it, had collapsed"
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Melania Trump adds White House-shaped beehive to South Lawn
The new beehive expands existing beekeeping and honey production operations at the White House.
Justice Department drops probe into Fed Chair Jerome Powell
U.S. Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.
Video, images show elite forces searching for U.S. ship's missing crew
New video and photos show the search for the five crewmembers who remain missing after a U.S.-flagged ship capsized in the Pacific Ocean.
MoneyWatch
More MoneyWatch
Study reveals the college majors that new grads regret the most
One in five recent grads regret their college major, a ZipRecruiter report finds.
Planning a summer flight? Book now before prices surge, airline experts say.
"If you haven't booked for this summer, get busy," Atmosphere Research Group Airline industry analyst Henry Harteveldt told CBS News.
Air travel prices likely to get worse in coming weeks, Chevron CEO says
Travelers could see airline fares rise and fewer flights available in the coming weeks, Chevron CEO Mike Wirth said in an interview with "Face the Nation with Margaret Brennan."
Only one Trump "gold card" visa has been approved, Lutnick says
The Trump administration started accepting applications in December for foreigners willing to pay $1 million for the right to live in the U.S.
Nearly 208,000 heated socks sold at Costco recalled due to burn injuries
The 32 Degrees Heated Socks can pose a burn risk due to the combination of heat, friction, moisture and pressure created during athletic activities.
Politics
More Politics
Melania Trump adds White House-shaped beehive to South Lawn
The new beehive expands existing beekeeping and honey production operations at the White House.
Justice Department drops probe into Fed Chair Jerome Powell
U.S. Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.
As U.S. re-arms during ceasefire, long-term concerns about munitions supplies
The Trump administration has sought to project confidence in the U.S. military's munitions stocks after more than a month of war with Iran, but long-term supply questions remain.
Hegseth says U.S. blockade of Iranian vessels to continue for "as long as it takes"
Hegseth indicated during a Pentagon news conference that the Trump administration is in no hurry to reach a peace deal as the war continues.
Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price"
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
HealthWatch
More HealthWatch
Medigap premiums leap, and consumers have few alternatives
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
World
More World
Netanyahu says he was treated for early-stage prostate cancer
Israeli Prime Minister Benjamin Netanyahu says the successful operation for prostate cancer happened 18 months ago and that he is now in "excellent physical condition."
Live
U.S.-Iran Strait of Hormuz standoff and Israeli strikes in Lebanon continue
There's no confirmation of plans for new U.S.-Iran talks as the costly Strait of Hormuz standoff and Israel's fight with Hezbollah both continue despite ceasefires.
60-foot octopus ruled the seas during age of dinosaurs, fossils show
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Hegseth says U.S. blockade of Iranian vessels to continue for "as long as it takes"
Hegseth indicated during a Pentagon news conference that the Trump administration is in no hurry to reach a peace deal as the war continues.
Cartel members linked to notorious drug lord's brother captured in Mexico
The U.S. has offered a reward of $5 million for information leading to the arrest and conviction of Aureliano Guzman Loera, known as "El Guano."
Entertainment
More Entertainment
Rob and Michele Reiner's son, Jake, speaks out about his parents' deaths: "My world, as I knew it, had collapsed"
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Ellen Burstyn reflects on impact of poetry
Ellen Burstyn, known for her Oscar-winning role in "Alice Doesn't Live Here Anymore," has spent seven decades in Hollywood, but she tells "CBS Mornings" that poetry has also shaped her life as she discusses her new book "Poetry Says It Better."
"Survivor" castaway on elimination from game
(Spoilers ahead) "CBS Mornings" speaks with the latest eliminated contestant from "Survivor 50" about exiting the game, strategy and transitioning to the jury.
"Giant" explores Roald Dahl scandal
"Giant," which is now on Broadway, dramatizes a real-life scandal that stained the legacy of world-famous children's author Roald Dahl. Anthony Mason spoke to John Lithgow, who stars in the play, and playwright Mark Rosenblatt.
DiCaprio speaks at 2016 Paris Agreement signing
On April 22, 2016, the U.N. held a signing ceremony for the Paris Agreement, an international treaty aimed at curbing climate change, featuring several speakers from various nations, including actor and environmental activist Leonardo DiCaprio. Watch his full speech from the event.
Technology
More Technology
Meta to cut 8,000 jobs as it charges into AI
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
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.
How to dispose of e-waste this Earth Day
Tuesday marks Earth Day, and if you have any unused devices at home, there are green ways to dispose of them. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
Meta to track workers' computer use to train AI
Business Insider got a look at an email Meta, the parent company of Facebook, sent to all employees, letting them know that it would start tracking their interactions with their computers to train the company's artificial intelligence. Business Insider tech correspondent Charles Rollet joins to discuss.
Science
More Science
60-foot octopus ruled the seas during age of dinosaurs, fossils show
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Mysterious "golden orb" found in deep sea in 2023 is finally identified
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Salmon exposed to cocaine swim almost twice as far, study shows
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Crime
More Crime
Crime
Probe into bet on Maduro's capture
U.S. Army Master Sgt. Gannon Ken Van Dyke is being investigated for allegedly betting on Venezuelan President Nicolás Maduro's removal from office before the raid was made public. CBS News' Nicole Sganga reports.
Cartel members linked to notorious drug lord's brother captured in Mexico
The U.S. has offered a reward of $5 million for information leading to the arrest and conviction of Aureliano Guzman Loera, known as "El Guano."
Police stop man before alleged mass shooting
Florida police say they stopped a mass shooting by arresting a man who was on his way to Jazz Fest in New Orleans with a handgun and hundreds of rounds of ammunition. Cristian Benavides has details.
2 rival groups open fire in mall food court
A shooting broke out at a major mall in Baton Rouge, Louisiana, where police said a feud in the food court ended with bullets flying and at least five people in the hospital. Matt Gutman reports.
What to expect from Baton Rouge investigation
At least one person was killed and several others were hurt during a shooting at a mall in Baton Rouge, Louisiana, Thursday. Police have five suspects in custody. CBS News' Anna Schecter has more. Editor's note: CBS News has removed an earlier report in light of new information from Louisiana authorities about the number of people hurt in the shooting.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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.
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
Prince Harry's message to the U.S. on Ukraine
Prince Harry visited Kyiv and delivered remarks on the U.S.-Ukraine partnership as the war with Russia continues. CBS News' Aidan Stretch reports.
Charges against soldier for apparent bets
Federal investigators believe U.S. Army Master Sgt. Gannon Ken Van Dyke placed bets on the prediction market Polymarket before a January announcement that Maduro had been captured, a source tells CBS News. Nicole Sganga reports and contributor Elliot Ackerman joins with more insight.
Pakistan says Iranians headed to Islamabad
Iran's Foreign Minister Abbas Araghchi says he is headed to Pakistan as hopes for more peace talks with the U.S. linger. CBS News' Olivia Rinaldi and Ramy Inocencio report.
Ellen Burstyn reflects on impact of poetry
Ellen Burstyn, known for her Oscar-winning role in "Alice Doesn't Live Here Anymore," has spent seven decades in Hollywood, but she tells "CBS Mornings" that poetry has also shaped her life as she discusses her new book "Poetry Says It Better."
Justice Department drops Jerome Powell probe
U.S. Attorney Jeanine Pirro announced Friday that the Justice Department is dropping the investigation into Federal Reserve Chairman Jerome Powell.