Stocks rally as investors look for "pockets of optimism"
Investors were cheered by new data on strong consumer spending, but worries remain about the impact of high inflation.
Gas Prices
U.S. stocks sink as investors worry Fed hikes might derail growth
"Growth fears are hitting the markets harder than inflation concerns," said one analyst.
Cost-of-living crisis will hit women hardest, report says
U.S. ranks No. 27 in gender parity, behind New Zealand, Rwanda and Germany which received top marks in report.
War in Ukraine rages on as global crisis worsens
The war in Ukraine is having a major impact on food and fuel supplies worldwide. William Taylor, former U.S. ambassador to Ukraine, joined John Dickerson to discuss the situation.
Biden travels to Middle East
President Joe Biden holds talks with Mexican President Andrés Manuel López Obrador at the White House before traveling to the Middle East to meet with several leaders from the region. CBS News correspondent Christina Ruffini joined Vladimir Duthiers and Anne-Marie Green to discuss Mr. Biden's agenda.
Gas prices drop across U.S.
Drivers are beginning to feel some relief as gas prices start to trickle downward. Bloomberg oil futures reporter Julia Fanzeres joins CBS News Mornings to discuss why and who is seeing the lowest price tags.
President Biden seeks price cap on Russian oil
President Biden is evaluating options to curb the price of Russian oil, in an attempt to limit how much Moscow can spend funding the conflict in Ukraine. Threadneedle Ventures founder and managing partner Ann Berry discussed the administration's plan on CBS News.
Are gas credit cards worth it?
With the rising cost of gas prices, many drivers are considering gas credit cards to save money and earn rewards. CBS MoneyWatch reporter Megan Cerullo joins "CBS News Mornings" to discuss these cards and how to figure out if they're worth using.
How much can you save with a gas credit card?
Not taking advantage of any fuel-savings programs at all is a mistake, according to one analyst.
Gas prices are crazy: The best electric lawnmowers and rechargeable power tools in 2022
Pump the brakes on your gas-powered lawn tools with these electric alternatives from Ego, Black + Decker and more.
Texas home energy bills skyrocket
According to the Texas Tribune, many customers in the state are paying at least 50% more for electricity than they did this time last year. Mitchell Ferman, an energy and economy reporter for the Texas Tribune, joins CBS News' Lana Zak to talk about why natural gas is driving up electric bills in Texas.
Concerns linger on gas prices and inflation
Financial Times U.S. economics editor Colby Smith joins "Red and Blue" to break down what natural gas prices skyrocketing in Europe mean for the U.S., where gas prices may go next, and how worried people should be about inflation.
gas prices impacting summer travel
Lana Zak breaks down how the inflation and high gas prices are impacting summer travel plans.
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Stocks rise after Fed admits more rate hikes could weaken economy
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Crude falls below $100 a barrel for the first time since May 11
Gasoline is now below $5 a gallon across most of U.S. Prices at pump could fall another 40 to 65 cents, expert says.
Can't "out-budget" inflation? Here are things you can do
Rising prices feel impossible to manage when money is already tight. These tips might help.
U.S. stocks fall as inflation, energy weigh on growth
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Bezos slams White House for telling gas stations to cut prices
The Amazon.com founder claims Biden is either relying on "misdirection or a deep misunderstanding of basic market dynamics."
Millions expected to travel Fourth of July
Approximately 48 million Americans are expected to travel 50 miles or more this Fourth of July holiday. But the high volume of travelers are being met with near-record high gas prices, long airport lines, flight delays and cancellations. Elise Preston has more.
Bracing for Fourth of July travel nightmare
The Fourth of July holiday weekend is expected to be a difficult one for travelers. The airline industry is struggling with a spike in flight cancellations and delays, while drivers face high gas prices. CBS News transportation correspondent Errol Barnett has more.
Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Stocks fall as report reveals pullback in consumer spending
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Key inflation gauge rose 6.3% in May, unchanged from April
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
Live
Hegseth says U.S. "just getting started" as Iran war spreads
The U.S. is "accelerating, not decelerating" war on Iran, Hegseth says, as strikes intensify in the region and reach 1,000 miles away.
Noem defends Trump immigration crackdown in second day of testimony
Homeland Security Secretary Kristi Noem faced friendly Republicans and critical Democrats on the House Judiciary Committee, where she testified about the administration's immigration agenda.
Key takeaways from House hearing with Walz, Ellison on Minnesota fraud
Minnesota Gov. Tim Walz told lawmakers that fraud "happened on my watch," but defended his administration's handling of the allegations.
Exclusive
Anthropic CEO: We're trying to "deescalate" Pentagon AI standoff to reach agreement
Anthropic CEO Dario Amodei said his company and the Department of Defense "have much more in common than we have differences."
Senate voting on reining in Trump's war powers amid Iran campaign
The measure, which would block President Trump from further military force against Iran, appears poised to fall short of the simple majority needed to advance in the Senate.
House Oversight Committee votes to subpoena Bondi to testify in Epstein probe
Several Republicans on the Oversight panel joined with Democrats in supporting the motion to subpoena Attorney General Pam Bondi.
U.S. torpedo sinks Iranian warship, Hegseth says
In Defense Secretary Pete Hegseth's second news briefing since the start of the Iran war, Hegseth said the U.S. had sunk an enemy ship by a torpedo for the first time since World War II.
Trump nominee to lead nation's cyber agency removed from post as DHS adviser
Although Sean Plankey's access badge was taken and he was escorted out of Coast Guard headquarters Monday, he remains the nominee to lead the Cybersecurity and Infrastructure Security Agency, sources said.
What to know about the agency Trump says will insure ships in the Gulf
President Trump said the government agency will provide political risk insurance to "all shipping lines" operating in the Persian Gulf.
U.S.
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House Oversight Committee votes to subpoena Bondi to testify in Epstein probe
Several Republicans on the Oversight panel joined with Democrats in supporting the motion to subpoena Attorney General Pam Bondi.
Nearly 37 million pounds of food recalled because it could contain glass
Oregon food manufacturer Ajinomoto expands an earlier recall of frozen and ready-to-eat products over glass contamination.
Exclusive
Justice Dept. employee charged in child pornography case
Timothy Parsons, a legal staffer at the U.S. Attorney's Office in Washington, D.C., is facing federal criminal charges in Maryland, where he lives, three sources said.
Officers who killed Austin gunman won't face charges
Travis County DA Jose Garza said Tuesday that suggestions that he would seek charges in the killing were "intentionally false" and political in nature, calling the officers heroes.
Google faces first lawsuit alleging its AI chatbot encouraged man's suicide
Google is accused in a wrongful death lawsuit filed by the family of a man who committed suicide in October, allegedly at the direction of the tech giant's AI chatbot, Gemini.
MoneyWatch
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Nearly 37 million pounds of food recalled because it could contain glass
Oregon food manufacturer Ajinomoto expands an earlier recall of frozen and ready-to-eat products over glass contamination.
Google faces first lawsuit alleging its AI chatbot encouraged man's suicide
Google is accused in a wrongful death lawsuit filed by the family of a man who committed suicide in October, allegedly at the direction of the tech giant's AI chatbot, Gemini.
Tariff refund delays could cost U.S. $700 million a month in interest
The U.S. government must also reimburse businesses for the interest they paid on tariffs recently struck down by the Supreme Court, according to the Cato Institute.
What to know about the agency Trump says will insure ships in the Gulf
President Trump said the government agency will provide political risk insurance to "all shipping lines" operating in the Persian Gulf.
United Airlines can now boot passengers who refuse to use headphones
United said it could permanently ban travelers who refuse to wear headphones while listening to audio or video content on its flights.
Politics
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House Oversight Committee votes to subpoena Bondi to testify in Epstein probe
Several Republicans on the Oversight panel joined with Democrats in supporting the motion to subpoena Attorney General Pam Bondi.
Exclusive
Justice Dept. employee charged in child pornography case
Timothy Parsons, a legal staffer at the U.S. Attorney's Office in Washington, D.C., is facing federal criminal charges in Maryland, where he lives, three sources said.
Exclusive
Anthropic CEO: We're trying to "deescalate" Pentagon AI standoff to reach agreement
Anthropic CEO Dario Amodei said his company and the Department of Defense "have much more in common than we have differences."
Trump nominee to lead nation's cyber agency removed from post as senior DHS adviser
Although Sean Plankey's access badge was taken and he was escorted out of Coast Guard headquarters Monday, he remains the nominee to lead the Cybersecurity and Infrastructure Security Agency, sources said.
Key takeaways from House hearing with Walz, Ellison on Minnesota fraud
Minnesota Gov. Tim Walz told lawmakers that fraud "happened on my watch," but defended his administration's handling of the allegations.
HealthWatch
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Some baby formula brands contain heavy metals, Consumer Reports says
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
States face pushback on their rural health transformation plans
Some Republican state lawmakers and health associations are pushing back against spending plans under the Trump administration's $50 billion federal rural health fund.
Chocolate supplement recalled over erectile dysfunction drug
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
College student's mystery illness diagnosed as Stage IV cancer
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
Medicaid is paying for more dental care. GOP cuts threaten to reverse the trend.
More than three dozen states cover dental services for people on Medicaid, but with about $900 billion in cuts expected to hit states over the next decade, many programs could roll back dental coverage.
World
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What we know about U.S. service members killed in Iran war
The fallen soldiers identified by the Pentagon were Sgt. Declan Coady, Sgt. 1st Class Nicole Amor, Capt. Cody Khork, and Sgt. 1st Class Noah Tietjens.
Iran says a girls' school was hit by a deadly air strike. Here's what we know.
Iranian officials say more than 170 people were killed in the strike. Neither the U.S. nor Israel has said it was behind the attack, but the Pentagon is investigating.
Cuba charges 6 suspects with terrorism over fatal U.S. boat shooting
The government unveiled items said to have been found on the boat, including high-powered weapons, more than 12,800 pieces of ammunition and 11 pistols.
Hegseth says U.S. torpedo sank an Iranian warship as military campaign ramps up
In Defense Secretary Pete Hegseth's second news briefing since the start of the Iran war, Hegseth said the U.S. had sunk an enemy ship by a torpedo for the first time since World War II.
Senate voting on reining in Trump's war powers amid Iran campaign
The measure, which would block President Trump from further military force against Iran, appears poised to fall short of the simple majority needed to advance in the Senate.
Entertainment
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Entertainment
True crime series spotlights U.S. small towns
Hilarie Burton Morgan, known for playing Peyton on "One Tree Hill," talks about her docuseries, "True Crime Story: It Couldn't Happen Here," which is in its third season. She explains how each episode highlights a case in a small town in the U.S., how the series empowers the audience and recent developments in a cold case.
Padma Lakshmi talks "America's Culinary Cup"
TV host and food expert Padma Lakshmi, the creator and executive producer of the new CBS series, "America's Culinary Cup," speaks to "CBS Mornings" about creating the cooking competition and how it's different from other shows.
How families can change their habits
Bestselling author Michaeleen Doucleff offers science-backed tips on how families can curb their screen time and cut back on ultraprocessed foods. She explains how her new book, which is aimed at rewiring children's brains, began with a personal revelation.
Luke Grimes on "Marshals"
Actor Luke Grimes talks about starring in the "Yellowstone" spinoff "Marshals." Grimes reveals why he was hesitant to join the cast at first and what it was like to have his new song "Haunted" to play in the premiere episode.
Preview of UFC 326: Holloway vs. Oliveira
UFC commentator Laura Sanko joins "CBS Mornings" to preview Saturday's UFC fight where defending champion Max Holloway will take on Charles Oliveira for the BMF title.
Technology
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Exclusive
Anthropic CEO: We're trying to "deescalate" Pentagon AI standoff to reach agreement
Anthropic CEO Dario Amodei said his company and the Department of Defense "have much more in common than we have differences."
OpenAI changing Pentagon deal after backlash
Hours after the Trump administration ditched Anthropic over the dispute about AI use, OpenAI struck its own deal with the Pentagon. Now the details of that agreement appear to be changing after backlash. Katrina Manson, Bloomberg News reporter, has more.
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.
Amazon says drones hit 3 of its Middle East data centers
Drones struck two facilities in the United Arab Emirates directly, and damaged a data center in Bahrain, Amazon said.
Exclusive
AI executive Dario Amodei on the red lines Anthropic would not cross
The CEO of Anthropic says his company refused to allow its technology to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement).
Science
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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.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Crime
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Exclusive
Justice Dept. employee charged in child pornography case
Timothy Parsons, a legal staffer at the U.S. Attorney's Office in Washington, D.C., is facing federal criminal charges in Maryland, where he lives, three sources said.
Officers who killed Austin gunman won't face charges
Travis County DA Jose Garza said Tuesday that suggestions that he would seek charges in the killing were "intentionally false" and political in nature, calling the officers heroes.
Cuba charges 6 suspects with terrorism over fatal U.S. boat shooting
The government unveiled items said to have been found on the boat, including high-powered weapons, more than 12,800 pieces of ammunition and 11 pistols.
Dad of accused school shooter found guilty
A jury found Colin Gray, the father of an accused Georgia high school shooter, guilty on all 27 counts Tuesday, including second-degree murder. Last week Gray testified in his own defense that he never noticied any signs of trouble with his son, Colt Gray, who is charged with opening fire and killing four people inside Apalachee High School in 2024.
U.S. court convicts Japanese mafia leader for trafficking nuclear material
Takeshi Ebisawa was sentenced to 20 years in prison by a New York court after being convicted of trafficking nuclear material as well as drugs and weapons.
Space
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Space
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
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.
Safety concerns over NASA's Artemis program
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA rolls Artemis II back for repairs
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
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
Gonzales goes to runoff amid affair allegations
Republican Rep. Tony Gonzales of Texas will face gun rights activist Brandon Herrera in a runoff election after neither candidate secured more than 50% of the votes in their primary contest. Gonzales has been accused of having an affair with an aide who later died by suicide, which he denies. CBS News reporter Karen Hua has more from Houston.
Strait of Hormuz shipping grinds to halt
Iran's threat to set ships ablaze along the Strait of Hormuz, one of the world's busiest trade routes, is raising concerns about the implications for the global economy. Matt Smith, head U.S. analyst at the data firm Kpler, joins with analysis.
Kaine, Schumer on war powers vote
Democratic Sens. Tim Kaine and Chuck Schumer urged their colleagues to vote for the war powers resolution to block President Trump from continuing the conflict with Iran.
Goldman, Noem argue over DHS role in elections
Homeland Security Secretary Kristi Noem testified before the House Judiciary Committee on Wednesday at a hearing over the Trump administration's immigration crackdown. Democratic Rep. Dan Goldman of New York pressed Noem on whether she had taken any action on election security.
Trump discusses Iran, nuclear weapons
President Trump spoke more about the war in Iran on Wednesday, commenting on Iran's nuclear program prior to strikes. See his remarks.