Inflation rose in July, marking the first increase in a year
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
Watch CBS News
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
President Biden woke up Tuesday morning in Arizona, the first of three stops on a western trip where he'll tout what his administration says is the success of so-called "Bidenomics." CBS News White House reporter Bo Erickson is covering the president in Arizona and has the latest.
Stash provides simple, automated tools and timely advice that has changed the lives of millions of Americans who now have a path forward to achieve lifelong goals.
Two bodies found in Rio Grande, including one near floating border barrier; Last-minute Labor day weekend getaways that wont break the bank.
In California, film and television production accounts for more than 700,000 jobs and nearly $70 billion a year in wages.
The latest jobs report is showing a strong labor market in the face of inflation-fighting interest rate hikes, with 187,000 jobs added in July. And the unemployment rate is approaching a 50-year low at 3.5%. Daniel Zhao, lead economist at Glassdoor, joined CBS News to discuss the new numbers.
The average price of a gallon of gas across the U.S. is $3.83 according to AAA, a 9-month high. Wall Street Journal reporter Hardika Singh joined CBS News to discuss the reason for the price spike at the pump.
U.S. businesses added 187,000 jobs in July, keeping pace with June's hiring as employers sought to add staff amid a tight labor market. Job growth has become more muted than earlier this year, Axios managing editor for business and markets Javier David joins CBS News to discuss why.
Lollapalooza kicks off in Chicago Thursday with the 4-day music festival featuring acts like Kendrick Lamar and Billie Eilish. About 400,000 people are expected to attend this year. Time Out Chicago editor Jeffy Mai joined CBS News to discuss the festival.
One of three major credit firms has downgraded the U.S.' credit rating from AAA to AA+. "The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management," Fitch Ratings said in a statement explaining the decision. Javier David, Axios managing editor for business and markets, joined CBS News to discuss the significance of the downgrade and what it could mean for Americans' finances.
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
How Trump is framing Georgia election legal troubles; Poll: 34% approve of Biden's handling of economy
President Biden has toured the U.S. touting his administration's economic policies, but do Americans approve of how he has handled the economy? CBS News' executive director of elections and surveys Anthony Salvanto joined "America Decides" to examine the results of new CBS polling on the topic.
Florida Gov. Ron DeSantis unveiled his new economic plan at a campaign stop in New Hampshire on Monday as he looks to rejuvenate his campaign. DeSantis claims the plan, dubbed the "Declaration of Economic Independence," would bring 3% annual growth. CBS News political reporter Aaron Navarro has the latest from the campaign trail.
Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here.
New CBS News polling shows most Americans, about 60%, still think the economy is struggling. Despite many indicators suggesting the economy is rebounding, including a rising GDP and the central bank no longer predicting a recession, only 15% of Americans see the economy as improving. CBS News executive director of elections and surveys Anthony Salvanto has more. Read more here.
A new CBS News poll finds 65% refer to the U.S. economy as "bad" even though major economic indicators have been improving. President Biden's aides are promoting the term "Bidenomics" to try to reverse Americans' perceptions. Nancy Cordes reports from Delaware.
This week on "Face the Nation with Margaret Brennan," new charges of a cover-up were filed against former President Donald Trump in the classified documents case. Plus, some optimistic signs when it comes to the economy.
High prices and interest rates are still weighing on personal budgets.
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week.
There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.
Missed the second half of the show? The latest on…former Arkansas Gov. Asa Hutchinson, who is seeking the Republican nomination for president, discussed a proposed mental acuity test for politicians over 75, Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week, and San Antonio Mayor Ron Nirenberg discussed the ongoing heat wave has put much of the Southeastern U.S. under dangerous heat alerts.
President Biden is visiting Maine Friday for the first time as president to highlight his economic agenda in a speech at a textile factory. The speech comes one day after new data showed the economy grew 2.4% in the second quarter. CBS News chief White House correspondent Nancy Cordes has more.
CBS News Business Analyst Jill Schlesinger joins "CBS Mornings" to discuss how to do a mid-year money check-up. She shares which accounts, policies, and subscriptions to review if your goal is saving money for the rest of the year.
Florida Gov. Ron DeSantis campaigned in Iowa on Thursday as part of a bus tour set up by a super PAC supporting him. CBS News senior White House and political correspondent Ed O'Keefe spoke with the governor about former President Donald Trump's indictments, economic growth, climate change and more.
The Justice Department early Tuesday released more than 11,000 additional documents and photos from the Jeffrey Epstein files. Follow live updates here.
ICE has filed more than 8,000 requests to toss out asylum claims in immigration court, asking judges to send immigrants to third-party countries.
Economists polled by financial data firm FactSet had forecast an annualized 3% pace for the July to September period.
Republican Ben Sasse represented Nebraska in the U.S. Senate from 2015 to 2023, then became president of the University of Florida.
President Trump announced plans to build a new "Trump class" of battleships, part of the Pentagon's new "Golden Fleet."
Brown University police chief Rodney Chatman has been placed on leave after the mass shooting that killed two students in Providence, Rhode Island.
The children of slain filmmaker Rob Reiner and his wife, Michele Singer Reiner, have released another statement in the wake of their parents' deaths.
President Trump has responded to the release of the Epstein files, saying Monday that the release of photos risked ensnaring "highly respected" people with no connection to Epstein's crimes.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
Job listings for store Santas have plunged in recent years as more families shop online and retailers look to contain costs, a new analysis found.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
Concerns about inflation, tariffs and politics weighed on consumer sentiment in December, The Conference Board said.
Republican Ben Sasse represented Nebraska in the U.S. Senate from 2015 to 2023, then became president of the University of Florida.
The children of slain filmmaker Rob Reiner and his wife, Michele Singer Reiner, have released another statement in the wake of their parents' deaths.
Job listings for store Santas have plunged in recent years as more families shop online and retailers look to contain costs, a new analysis found.
Concerns about inflation, tariffs and politics weighed on consumer sentiment in December, The Conference Board said.
Economic growth blew past forecasts in the third quarter despite ongoing concerns about jobs, tariffs and inflation.
The Federal Communications Commission says it's banning new foreign-made drones, a move that will keep new Chinese-made drones out of the U.S. market.
Mercedes-Benz USA and parent company Daimler AG agreed to settle allegations the automaker secretly installed devices in hundreds of thousands of vehicles to pass emission tests.
Republican Ben Sasse represented Nebraska in the U.S. Senate from 2015 to 2023, then became president of the University of Florida.
The Federal Communications Commission says it's banning new foreign-made drones, a move that will keep new Chinese-made drones out of the U.S. market.
The 2025 Kennedy Center Honors will be broadcast tonight, Dec. 23, celebrating George Strait, Gloria Gaynor, Kiss, Michael Crawford and Sylvester Stallone.
ICE has filed more than 8,000 requests to toss out asylum claims in immigration court, asking judges to send immigrants to third-party countries.
George Conway, a conservative lawyer turned vocal critic of President Trump, has filed paperwork for a bid to represent New York City in the House.
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
#LillyPartner Cancer clinical trials can offer patients access to investigational treatments that can be explored as early as the time of diagnosis. Ovarian cancer survivor Alicia Dellario and Dr. Arjun Balar, senior vice president of global clinical development at Eli Lilly and Company, join "CBS Mornings" to talk about the potential benefits of cancer clinical trials -- and clarify common misconceptions. Visit cancerclinicaltrials.lilly.com for more information. (Sponsored by Eli Lilly and Company)
The Centers for Disease Control and Prevention estimates there have been 4.6 million flu cases across the U.S. since the season began. Dr. Amanda Kravitz, a pediatrician at Weill Cornell in New York, explains what to know about rising cases, symptoms to watch for and how to protect your family.
Maintenance workers secured metal bars over the window thieves used to break into the Louvre in October.
Russia fired more than 650 drones and three dozen missiles at Ukraine in a major pre-Christmas attack, killing at least three people including a child.
The U.S. military says it struck a vessel that was allegedly carrying drugs in the eastern Pacific on Monday, killing one person — part of a months-long campaign of boat strikes near Latin America.
Philip Young was charged with 56 sexual offences, including multiple counts of rape and administering a substance with the intent to "stupefy" Joanne Young, his ex-wife.
The elusive street artist posted two photos of an artwork on his official Instagram account amid speculation that he was behind it. An identical image appeared elsewhere.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
Actor Mandy Patinkin and writer and director Aram Rappaport are behind the new murder mystery series, "The Artist," which is a work of historical fiction set in the Gilded Age. They speak to "CBS Mornings" about the series and how it got started. Patinkin also reflects on the life of Hollywood icon Rob Reiner.
Aubrey O'Day discusses the disturbing witness affidavit involving Sean "Diddy" Combs in a "CBS Mornings" interview on Tuesday.
The 2025 Kennedy Center Honors will be broadcast tonight, Dec. 23, celebrating George Strait, Gloria Gaynor, Kiss, Michael Crawford and Sylvester Stallone.
Vince Zampella, a video game developer known for pioneering iconic franchises like "Call of Duty," died in a car crash on the Angeles Crest Highway in Los Angeles County on Sunday afternoon.
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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.
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
The DOJ released more than 10,000 files in the Jeffrey Epstein case. The release includes court records, emails, news clippings, photos, spreadsheets, audio and video files. It also offers new details on Epstein's associates, including President Trump. Mr. Trump has not been charged in connection with Epstein and the new documents do not accuse him of any crime. Scott MacFarlane has more.
The Justice Department released more than 10,000 files relating to Jeffrey Epstein early Tuesday morning. CBS News' Scott MacFarlane has more details.
The Department of Justice has released another batch of files related to convicted sex offender Jeffrey Epstein. CBS News' Scott MacFarlane reports.
Australian police released new documents Monday showing the father and son who are accused of killing 15 people at Bondi Beach undergoing firearms training just weeks before the attack. CBS News' Anna Schecter reports.
The Justice Department is under scrutiny for heavily redacting the initial batches of files related to convicted sex offender Jeffrey Epstein. CBS News justice correspondent Scott MacFarlane has the details.
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
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.
The U.S. military says it struck another vessel that was allegedly carrying drugs in the eastern Pacific on Monday, killing one person. CBS News national security contributor Samantha Vinograd has more.
Early Tuesday morning, the Justice Department released thousands of new documents from the Jeffrey Epstein files, including many that mention President Trump. CBS News' Scott MacFarlane and Willie James Inman have more.
In the "CBS Mornings" series "Note to Self," Paralympic medalist Hunter Woodhall reflects on the challenges he's faced in life and his journey of perseverance.
Former Republican Sen. Ben Sasse announced Tuesday that he has terminal stage-four pancreatic cancer.
The FDA has approved the pill version of the weight loss drug Wegovy, the first oral medication of its kind. The new pills are expected to be available in a few weeks. Chief medical correspondent Dr. Jon LaPook has more.