Inflation slows for first time in 9 months
While inflation eased slightly in April, it remains near a four-decade high. Americans are facing rising prices on everything from groceries, gas and rent. Carter Evans has more.
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While inflation eased slightly in April, it remains near a four-decade high. Americans are facing rising prices on everything from groceries, gas and rent. Carter Evans has more.
The new Consumer Price index report released Wednesday shows a 8.3% price increase compared with last year, but down from March's spike in inflation. Markets reporter Julia-Ambra Verlaine from The Wall Street Journal joins CBS News with more analysis.
President Biden speaks on combating inflation; House hearing on "unidentified aerial vehicles"
President Biden speaks on how his administration is fighting inflation, while the politics of abortion continues to be at the forefront. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Nikole Killion join "Red and Blue" to discuss.
President Biden delivered a speech Tuesday outlining his plans to reduce inflation and lower costs for consumers. CBS News senior White House and political correspondent Ed O'Keefe reports from Washington, then Ann Barry, the chief investment officer at Wheelhouse, joins Elaine Quijano on CBS News to discuss.
Parents and doctors are worried about a worsening baby formula shortage in the U.S. A mother in Texas said she is having to ration baby formula because she can't find more. Janet Shamlian takes a look.
President Biden addressed rising costs and inflation in a speech Tuesday. Saira Malik, chief investment officer at Nuveen, joins CBS News' Tanya Rivero and Mola Lenghi with more on inflation and what to expect from Wednesday's consumer price index release.
As inflation takes center stage six months ahead of the midterm elections, President Biden said his administration is working to tackle rising costs, calling it his "top domestic priority." Ed O'Keefe has more details.
Gas prices are now 46% higher than they were at this time last year. For diesel, the situation is especially dire -- the price of diesel gas is up 78% over the past year. Carter Evans reports.
Gas prices hit a record high Tuesday as President Biden is set to announce new plans to fight inflation. Nancy Cordes reports from the White House.
The stock market continued its downward trend Monday, as Americans face the highest inflation in decades. John Leer, chief economist for Morning Consult. joins Elaine Quijano on CBS News to discuss.
China's strict COVID-19 lockdowns in cities including the financial hub of Shanghai have led to a sharp decrease in economic activity and a slowdown in exports. Jörg Wuttke, president of the European Chamber of Commerce in China, joins "CBS News Mornings" to discuss the impact across Europe.
With the Federal Reserve introducing the steepest interest rate increase since 2000, prospective home owners are struggling to adjust. U.S. housing prices are up nearly 40% since March 2019, forcing many Americans out of their communities. Mark Strassmann has more.
Rising costs in the United Kingdom have compelled officials to hike up interest rates. CBS News contributor Simon Bates describes how British people are dealing with surging prices in this week's edition of "London Calling."
As the U.S. COVID-19 death toll nears 1 million, states across the country are looking for ways to help the hundreds of thousands of kids who lost a parent or caregiver to COVID-19. Michael George reports.
Job growth in the U.S. held steady as employers added 428,000 new jobs in April. The unemployment rate stayed unchanged at 3.6%, according to a new jobs report. Despite this, stocks dipped on Friday—capping a volatile week in U.S. markets. Jill Schlesinger has more.
The U.S. economy remains strong despite rising inflation. But not everyone is feeling the economic boom. Carter Evans reports.
The Dow, Nasdaq and S&P plummeted Thursday as investors worry that the Federal Reserve's plan to fight inflation could slow the economy. CBS News business analyst Jill Schlesinger explains the volatility.
President Biden is facing concerns over jobs, the economy and inflation as well as the leak of a Supreme Court draft opinion indicating Roe v. Wade may soon be overturned. CBS News senior White House and political correspondent Ed O'Keefe joins Vladimir Duthiers and Anne-Marie Green with the latest.
The fed is trying to tame skyrocketing inflation by hiking interest rates. That includes mortgage rates, which have jumped to over 5% from the start of this year. Nancy Chen reports.
Six in 10 Americans are worried that a sharp economic downturn could be around the corner. Here's what economists say.
Additional funding for Ukraine could end up tied in with money for COVID-19 and immigration. Plus, what the White House is doing to address inflation and Title 42. CBS News congressional correspondent Nikole Killion and Washington Examiner political and investigative reporter Sarah Westwood join "Red and Blue" discuss.
The streets in Shanghai remain vaccant although authorities say more than half the population is no longer under lockdown. The lockdowns are causing labor shortages and broken supply lines and U.S. companies are warning it will cost billions. Elizabeth Palmer has more.
Missed the second half of the show? The latest on GOP Rep. Adam Kinzinger of Illinois on the January 6 committee, data on vaccines for kids from Moderna's chief medical officer Paul Burton, and Deborah Birx, former president Donald Trump's COVID-19 response coordinator.
This week on “Face the Nation with Margaret Brennan,” we'll have the latest on Ukraine with Samantha Power, the head of the U.S. Agency for International Development, and Virginia Democratic Sen. Tim Kaine. Then we'll hear from Illinois Rep. Adam Kinzinger; Dr. Paul Burton, the chief medical officer at Moderna; and Dr. Deborah Birx, the COVID-19 response coordinator during the Trump administration.
While the U.S. sends representatives to Islamabad, Israel's fight with Hezbollah continues despite a ceasefire.
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.
A person is in custody in connection to the disappearance of Zamil Limon and Nahida Bristy, authorities said.
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.
The Justice Department announced Friday it would readopt the death penalty protocols for lethal injection and firing squads.
The new beehive expands existing beekeeping and honey production operations at the White House.
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."
A powerful tornado in Oklahoma ripped roofs off buildings, destroyed homes, knocked down utility poles and forced an Air Force base to close.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
The conflict is expected to crimp global natural gas supplies due to damage to liquefied natural gas facilities in Qatar.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
The Justice Department announced Friday it would readopt the death penalty protocols for lethal injection and firing squads.
A person is in custody in connection to the disappearance of USF doctoral students Zamil Limon and Nahida Bristy, authorities said.
One in five recent grads regret their college major, a ZipRecruiter report finds.
The conflict is expected to crimp global natural gas supplies due to damage to liquefied natural gas facilities in Qatar.
One in five recent grads regret their college major, a ZipRecruiter report finds.
"If you haven't booked for this summer, get busy," Atmosphere Research Group Airline industry analyst Henry Harteveldt told CBS News.
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."
The Trump administration started accepting applications in December for foreigners willing to pay $1 million for the right to live in the U.S.
The Justice Department announced Friday it would readopt the death penalty protocols for lethal injection and firing squads.
The new beehive expands existing beekeeping and honey production operations at the White House.
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.
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 indicated during a Pentagon news conference that the Trump administration is in no hurry to reach a peace deal as the war continues.
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
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.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
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."
While the U.S. sends representatives to Islamabad, Israel's fight with Hezbollah continues despite a ceasefire.
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Hegseth indicated during a Pentagon news conference that the Trump administration is in no hurry to reach a peace deal as the war continues.
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."
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
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."
(Spoilers ahead) "CBS Mornings" speaks with the latest eliminated contestant from "Survivor 50" about exiting the game, strategy and transitioning to the jury.
"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.
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.
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
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.
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.
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.
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
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.
A U.S. special forces soldier was arrested and charged for allegedly placing bets on Polymarket with information preceding the public announcement of Nicolás Maduro's removal from Venezuela. CBS News' Nicole Sganga reports.
A person is in custody in connection to the disappearance of USF doctoral students Zamil Limon and Nahida Bristy, authorities said.
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.
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."
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.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
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.
"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.
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.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
White House press secretary Karoline Leavitt says Trump advisers Steve Witkoff and Jared Kushner are headed back to Pakistan for more talks with Iranian officials on a potential peace deal.
A U.S. special forces soldier was arrested and charged for allegedly placing bets on Polymarket with information preceding the public announcement of Nicolás Maduro's removal from Venezuela. CBS News' Nicole Sganga reports.
At 54, former Nebraska Sen. Ben Sasse is dying of pancreatic cancer. In a conversation with Scott Pelley, he shares his message on faith, family, AI, and a divided nation. Sunday on 60 Minutes.
The Justice Department announced Friday that it would be dropping an investigation into Federal Reserve Chair Jerome Powell. CBS News' Kelly O'Grady reports.
Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine briefed reporters on Friday about U.S. military operations in the Middle East, including a blockade near the Strait of Hormuz targeting vessels linked to Iran. CBS News' Olivia Rinaldi and Elliot Ackerman have more.