Inflation higher than expected in March
For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.
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For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
The Wall Street Journal reports Americans are turning to social services helpline 211 in economic emergencies. Rachel Wolfe, consumer trends reporter for The Wall Street Journal, joins CBS News to discuss.
Inflation rose more than expected for the third straight month. Gas, rent and grocery prices are the major categories keeping inflation stubbornly high. Jo Ling Kent reports.
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more.
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
The 2024 eclipse also brought with it an economic boom for cities and towns in the path of totality. Millions of people from around the world traveled to get a glimpse of the celestial event. Janet Shamlian has more.
Treasury Secretary Janet Yellen held economic talks with Chinese officials in Beijing over the weekend, calling them "productive, direct and extensive." Scott Kennedy, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess what Yellen's trip to Beijing will mean for the relationship between the world's largest economies.
Treasury Secretary Janet Yellen is wrapping up her trip to China where she discussed economic policies that affect Americans and the Chinese. CBS News' Jo Ling Kent has the latest on the talks.
New data from the Labor Department shows the U.S. added 303,000 jobs in March, beating the Dow Jones estimated gain of around 200,000 jobs. CBS News business analyst Jill Schlesinger breaks down the numbers and acting Labor Secretary Julie Su joins CBS News with her reaction.
The White House wants to create a time system for the moon, in part to help promote economic opportunities for lunar travel.
Wall Street is closely watching the jobs report and next week's inflation data to predict when the Fed might cut rates.
The village of Makanda, Illinois, is home to roughly 600 people. But thousands are expected to come for Monday's total solar eclipse, with Makanda directly in the path of totality, just as it was back in 2017. Roxana Saberi has the story.
Crews are facing daunting challenges in reopening the Port of Baltimore following the collapse of the Francis Scott Key Bridge. Meanwhile, a federal program is offering loans to small businesses impacted by the disaster. CBS News senior transportation correspondent Kris Van Cleave has more.
Gen Z is increasingly saying no to degrees from four-year colleges and universities and instead going the trade school route, according to new reporting from the Wall Street Journal which dubs Gen Z as "the toolbelt generation." Te-Ping Chen, the Wall Street Journal reporter who wrote the story, joined CBS News to discuss the trend.
Tesla has reclaimed the title of largest electric vehicle seller in the world, so why did its stock fall 5% on Tuesday? Rebecca Elliott, reporter for The Wall Street Journal, joins CBS News to discuss.
Workers in California who are sick of work calls and emails after hours might be getting some back-up from the state legislature. A new bill would give workers the right to ignore calls and messages from their bosses until they're back on the clock. It would be the first law of its kind in the U.S., though France already has a similar law on the books and Australia will implement one later this year. California assemblymember Matt Haney proposed the legislation and joined CBS News to talk about it.
Fast food workers in California will now earn a minimum of $20 an hour. CBS News correspondent Carter Evans has more details. Then, economy and labor journalist Margot Roosevelt joins to discuss what the wage changes mean for the industry and Californians.
Fast-food workers in California are now the highest paid in the U.S. as a $20 per hour minimum wage takes effect. Carter Evans reports on the increase and its detractors.
A total solar eclipse will cross a large section of the U.S. on April 8, and up to 4 million people are expected to travel to be in the “path of totality” for the rare event. It will pump an estimated $1 billion into local economies.
The highest state minimum wage for fast food workers in the country will go into effect Monday in California. Jeff Nguyen takes a look at the possible impacts.
A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
Following his clinch of the Democratic nomination, President Biden takes his campaign to the crucial battleground of Wisconsin, eyeing a November rematch with former President Trump. Conversations with Wisconsin voters reveal immigration and the economy are pivotal issues that are shaping the upcoming electoral battle.
As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.
Maryland Gov. Wes Moore and other officials gave an update Friday on the Key Bridge collapse, announcing the U.S. Navy is supplying four heavy lift cranes to help clear the wreckage. The governor emphasized the "mission isn't just about Maryland" because the economic impacts affect the entire U.S. as the port of Baltimore is responsible for more cars and farm equipment than any other port in the country.
As Iran threatens to mine the entire Persian Gulf, Trump says his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.
Two pilots were killed and dozens of people injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and fire and rescue vehicle collided, authorities said.
The Trump administration began deploying U.S. Immigration and Customs Enforcement agents to some of the busiest airports in the country Monday morning.
Iranian state media said there was no "direct or indirect communication" with President Trump.
The Supreme Court is considering a challenge to a Mississippi law that allows ballots that are postmarked by but received up to five days after Election Day to be counted.
Police in London are investigating a suspected antisemitic hate crime after vehicles belonging to a Jewish ambulance service were set on fire early Monday morning.
Crude oil prices also dropped after President Trump said the administration had held "good and productive" peace talks with Iran.
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
The Trump administration has asked a federal judge to dissolve her order preventing ICE from deporting Kilmar Abrego Garcia to Liberia.
"TSA PreCheck will likely help you, even now with the long lines we're seeing at checkpoints," said one travel expert.
A statue of Christopher Columbus been placed on the grounds of the Eisenhower Executive Office Building adjacent to the White House.
The reclusive billionaire bought a majority stake in OnlyFans in 2018, growing the site into a major adult content platform.
The Trump administration began deploying U.S. Immigration and Customs Enforcement agents to some of the busiest airports in the country Monday morning.
The Supreme Court is considering a challenge to a Mississippi law that allows ballots that are postmarked by but received up to five days after Election Day to be counted.
"TSA PreCheck will likely help you, even now with the long lines we're seeing at checkpoints," said one travel expert.
Pet ownership costs over the past year have increased by up to 10%, according to Rover.
The reclusive billionaire bought a majority stake in OnlyFans in 2018, growing the site into a major adult content platform.
Crude oil prices also dropped after President Trump said the administration had held "good and productive" peace talks with Iran.
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.
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
A statue of Christopher Columbus been placed on the grounds of the Eisenhower Executive Office Building adjacent to the White House.
Iranian state media said there was no "direct or indirect communication" with President Trump.
The Trump administration began deploying U.S. Immigration and Customs Enforcement agents to some of the busiest airports in the country Monday morning.
The Supreme Court is considering a challenge to a Mississippi law that allows ballots that are postmarked by but received up to five days after Election Day to be counted.
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
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.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
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.
A military cargo plane crashed shortly after taking off in southwestern Colombia, the South American country's military said.
Trump says aid for Ukraine depleted U.S. weapons stockpiles, but as the Iran war takes that mantle, Kyiv eyes opportunities to build long-term defense partnerships.
Cocaine with an estimated value of $12 million has been seized off the north coast of Puerto Rico, authorities said.
Iranian state media said there was no "direct or indirect communication" with President Trump.
As Iran threatens to mine the entire Persian Gulf, President Trump says his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.
"The Pitt" star Patrick Ball tells "CBS Mornings" he had been auditioning since 2013 and didn't think his acting dreams were "ever going to happen" when he was cast in the medical drama. He also opens up about how the series is personal for him.
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.
In this web exclusive, Emmy-winning actress Lisa Kudrow talks with Tracy Smith about "Friends," and her HBO show "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.
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.
The cost of care for your pet is rising with one study finding that one in five pet owners carry at least $2,000 in pet-related debt. But there are ways to cut down on pet expenses. Ash-har Quraishi explains.
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!
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.
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.
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.
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.
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
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 Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
Newly released bodycam footage shows Justin Timberlake during his 2024 DWI arrest in New York. CBS News' Shanelle Kaul has more.
Police in London are investigating a suspected antisemitic hate crime after vehicles belonging to a Jewish ambulance service were set on fire early Monday morning.
Police found that five Barbie packages containing fentanyl were sold. They have all been recovered.
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.
Kendra Duggar was charged with multiple misdemeanors a day after husband Joseph Duggar's arrest.
NASA's Artemis II rocket is back on the launch pad after repairs inside the massive Vehicle Assembly Building at the Kennedy Space Center. Early next month, NASA will try, for a second time, to send a crew of four on a flyby of the moon. Mark Strassmann has more.
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
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.
After a trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
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.
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.
Newly released bodycam footage shows Justin Timberlake during his 2024 DWI arrest in New York. CBS News' Shanelle Kaul has more.
The stock market is responding favorably after President Trump said Monday morning that he would postpone his ultimatum for Iran to reopen the Strait of Hormuz. Mr. Trump had previously threatened to "obliterate" Iran's power plants if the strait wasn't reopened by Monday evening. Sabrina Escobar, a reporter for Barron's, joins CBS News to discuss the markets.
Two pilots were killed and dozens were injured when an Air Canada Express plane collided with a fire-and-rescue vehicle at New York's LaGuardia Airport Sunday night. CBS News correspondent Tom Hanson has more.
Immigration and Customs Enforcement agents have begun deploying to some U.S. airports to help Transportation Security Administration officers while the partial government shutdown continues. Several TSA officers, who have been working without pay since the shutdown began in mid-February, have resigned or are calling out of work. CBS News reporter Jared Eggleston has more.
Senators reconvened Sunday on Capitol Hill, where they worked through Sen. Markwayne Mullins' nomination for Department of Homeland Security secretary and debated DHS funding and the SAVE America Act. CBS News' Taurean Small has more.