Smaller boxes in cereal aisle? Say hello to shrinkflation.
Manufacturers are again downsizing packaging in an effort to ease the hit from inflation. Are they going too far?
Gas Prices
Second jobs, electric vehicles: How drivers are dealing with high gas prices
The current national average is $4.62 a gallon, according to AAA.
OECD: War in Ukraine will drag down global economy
"The war could spark starvation. It could cause social unrest and political turmoil," OECD chief economist said.
Gas prices break record
Gas prices continue to soar across the nation. In more than a dozen states, the typical gas price has topped $5 a gallon. Experts predict the worst has yet to come for customers. Carter Evans is in Los Angeles where gas prices are some of the highest in the nation.
U.S. gas prices hit record-high
Americans are paying record-high prices for gasoline as the summer travel season kicks off. CBS News correspondent Carter Evans has more on the rising gas prices. Then, John Leer, the chief economist for Morning Consult, joins Lana Zak on CBS News to discuss the U.S. economy and more.
U.S. gas prices hit record high
While major financial markets ended the day in positive territory, the average price of gas in the U.S. hit a record high of $4.97 per gallon. CBS News' Elaine Quijano and Tanya Rivero discuss the latest developments with Tom Kloza, global head of energy analysis for the Oil Price Information Service.
Gas prices soar to new record highs
Gas prices have once again soared to a new record high. The national average for a gallon of gas is now $4.92. That’s up nearly $2 from the same time last year. CBS News correspondent Carter Evans is in Los Angeles, which has some of the nation’s highest gas prices. He joins Tanya Rivero and Elaine Quijano for more on this.
5 credit card perks that can help you fight inflation
Whether your goal is to pay off debt or save money, credit cards offer rewards and benefits that can make a difference.
Target's shares tumble after cutting orders amid inventory glut
Americans have pivoted from pandemic spending, faster than some retailers expected. Target shares tumbled in pre-market trading.
Biden to host Summit of the Americas
President Biden is preparing for the Summit of the Americas, which is being held in Los Angeles. He will be joined by leaders from North, Central and South American countries as they explore economic relationships and shared policy goals. CBS News political contributor and Democratic strategist Joel Payne joined CBS News' Lana Zak to discuss.
Record-high gas prices affect summer travel
High gas prices are turning into a major speed bump as the summer travel season kicks into high gear. The national average for regular gas is nearing $5 per gallon. Kris Van Cleave has more on why gas prices are increasing.
U.S. gas prices could soon top $5 a gallon, analysts say
The cost of gasoline will impact Americans' summer travel plans more than COVID-19 rates, new survey finds.
In these locations, gas costs more than the U.S. minimum wage
A handful of gas stations are charging $7.25 or more for a gallon of gas as fuel prices hit another record.
Impact of EU's partial ban on Russian oil
Europeans are bracing for even higher gas prices after a partial ban on Russian oil. The short-term cost hike is expected to reach Americans, as well. CBS MoneyWatch reporter Irina Ivanova joins "CBS News Mornings" to explain the impact experts are predicting.
New York gas tax suspension set to begin
As gas prices have soared across the country hitting record highs this year, states grapple with how to help consumers.
Stocks slip after EU agrees to partial ban on Russian oil
Investors retreat as global crude prices jump on European Union plan to embargo most Russian oil exports.
MoneyWatch: Biden meeting with Fed chair
Americans have been facing rapidly increasing prices at the gas station and grocery store and in the housing market. President Biden is expected to address this during a meeting with Federal Reserve Chairman Jerome Powell on Tuesday. Frances Stacy, director of strategy at Optimal Capital, joined "CBS News Mornings" to discuss what's contributing to high inflation.
Senators push for bipartisan gun reform
A bipartisan group of lawmakers is trying to reach a compromise on new gun safety legislation after a string of mass shootings. Scott MacFarlane has more.
Soaring prices impact holiday travelers
The summer travel season got off to a rough start thanks to weather delays, cancellations and high gas prices. Errol Barnett reports.
U.S. gas prices reach new record high, as demand for gas drops
Prices at the pump have hit a record high across the U.S. this holiday weekend, which has caused demand for gas to drop. The Energy Information Administration says the demand for gas has hit its lowest level for this time of the year since 2013, excluding 2020 at the height of the pandemic. Robert Sinclair, the senior manager for AAA Northeast, joins Lana Zak on CBS News to discuss.
Holiday weekend travel up despite gas prices
Despite record-high gas prices increasing the cost of travel, millions of Americans are hitting the road and taking to the skies for Memorial Day weekend. Tom Wait has more.
AAA spokesperson on why Americans are traveling more despite higher costs
More than 39 million people are expected to travel at least 50 miles from home during Memorial Day weekend.
High gas prices not deterring travelers
As gas prices remain at a record high, millions of drivers are expected to travel this holiday weekend. More than 39 million people are expected to travel at least 50 miles from home, an increase of more than 8% over last year. Michael George has the latest on the costs of getting out on the road this summer.
Severe weather, gas prices impacting holiday travel
Nearly 40 million Americans will travel over Memorial Day weekend, AAA estimates. While inflation and gas prices aren't keeping them home, severe weather could delay travel plans. Errol Barnett has more.
Wall Street breaks 7-week losing streak — longest since 2001
Investors cheered by economic data showing that inflation slowed in April for the first time since November 2020.
Trump unveils new Air Force One, a $400 million plane gifted by Qatar
"This is considered the world's most luxurious plane," the president said in front of the enormous new jet.
Company owned by Trump donor won $1.7M no-bid Reflecting Pool contract
The federal government awarded a company owned by a Trump donor $1.7 million to install a new water cleaning system for the Lincoln Memorial Reflecting Pool, records show.
Investigation
What's missing from the Epstein files? Here's what we found
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Kennedy Center still weighing "partial closure," Trump admin. tells judge
The Trump administration told a federal judge that the Kennedy Center is still weighing whether to offer a full slate of performances or more limited programming over the coming months.
Live
Israel and Hezbollah agree to ceasefire, officials say
Israel and Hezbollah have reached a Lebanon ceasefire agreement after their fighting delayed progression of the U.S.-Iran deal, a diplomat tells CBS News.
U.S. clinches spot in World Cup knockout round with dominant 2-0 win over Australia
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
1 killed, dozens injured after trains collide in England, British officials say
At least one person was killed and dozens more were injured after two trains collided north of London on Friday, British officials said.
James Burrows, co-creator of "Cheers" and prolific director, dies at 85
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
1 killed in large fire at luxury resort, several others injured
One person was killed and several others were hurt when a fire broke out at a luxury beach resort in the Dominican Republic on Friday, local officials said.
U.S.
More U.S.
Kennedy Center still weighing "partial closure," Trump admin. tells judge
The Trump administration told a federal judge that the Kennedy Center is still weighing whether to offer a full slate of performances or more limited programming over the coming months.
Given 8 months to live, a teen beat cancer thanks to an extraordinary friendship
In 2022, at the age of 14, Dylan Mwaniki was diagnosed with Stage 4 kidney cancer. Four years later, he graduated from high school.
U.S. clinches spot in World Cup knockout round with dominant win over Australia
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
Judge blocks DOJ from releasing Biden's conversations with biographer for 3 weeks
A judge on Friday cleared the way for the DOJ to disclose former President Joe Biden's conversations with his biographer to the Heritage Foundation. Later in the day, she blocked the release for three weeks.
George W. Bush gifts Michelle Obama mints in an ode to their friendship
The Altoids were a callback to a viral moment between former first lady Michelle Obama and former President George W. Bush.
MoneyWatch
More MoneyWatch
Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
Prediction markets are betting on celebrities to boost their brands
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
A father of 3 wanted to leave wealth to his kids. He turned to a coffee can.
Matthew Ankrum wanted to build wealth for his daughters and teach them about financial stability. A new book shares how.
What's open and closed for Juneteenth 2026?
Juneteenth will affect banking, mail service and financial markets, although retailers and restaurants are largely staying open.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Politics
More Politics
Kennedy Center still weighing "partial closure," Trump admin. tells judge
The Trump administration told a federal judge that the Kennedy Center is still weighing whether to offer a full slate of performances or more limited programming over the coming months.
Company owned by Trump donor won $1.7 million no-bid Reflecting Pool contract
The federal government awarded a company owned by a Trump donor $1.7 million to install a new water cleaning system for the Lincoln Memorial Reflecting Pool, records show.
Judge blocks DOJ from releasing Biden's conversations with biographer for 3 weeks
A judge on Friday cleared the way for the DOJ to disclose former President Joe Biden's conversations with his biographer to the Heritage Foundation. Later in the day, she blocked the release for three weeks.
George W. Bush gifts Michelle Obama mints in an ode to their friendship
The Altoids were a callback to a viral moment between former first lady Michelle Obama and former President George W. Bush.
Trump unveils new Air Force One, a $400 million plane gifted by Qatar
"This is considered the world's most luxurious plane," the president said in front of the enormous new jet.
HealthWatch
More HealthWatch
HealthWatch
Doctor has a special surprise for her patient
Steve Hartman goes "On the Road" with a story of a teen battling for his life and the doctor who made him a promise.
Air Force unit faces flu outbreak weeks after vaccine mandate dropped
Dozens of service members at Lackland Air Force Base in Texas have fallen ill with the flu in the weeks since Defense Secretary Pete Hegseth rescinded the vaccine mandate, sources familiar confirmed to CBS News.
Less than half of Americans can afford quality healthcare, Gallup finds
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
World
More World
1 killed in large fire at luxury resort, several others injured
One person was killed and several others were hurt when a fire broke out at a luxury beach resort in the Dominican Republic on Friday, local officials said.
U.S. clinches spot in World Cup knockout round with dominant win over Australia
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
1 killed, dozens injured after trains collide in England, British officials say
At least one person was killed and dozens more were injured after two trains collided north of London on Friday, British officials said.
Climber trapped on Everest for days says avalanche saved him
Dawa Sherpa was airlifted to Kathmandu, where doctors treated him for frostbite, severe dehydration and a fractured thigh bone.
How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
Entertainment
More Entertainment
James Burrows, co-creator of "Cheers" and prolific director, dies at 85
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
"The War and Treaty" talk new music
Husband and wife duo Michael and Tanya Trotter, known as "The War and Treaty," talk to "CBS Mornings" about their new music, major collaborations, including with Whoopi Goldberg, and how they came up with their band's name.
Tay Keith, Grammy-nominated producer, found dead in Nashville at 29
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Americans say they're reading fewer books. Here's what they're doing instead.
Many people are spending more time on screens, but also doing more physical activities, a new CBS News poll finds.
Singer Myles Smith talks debut album
Myles Smith's career skyrocketed after his hit song "Stargazing" became the biggest song by a U.K. artist worldwide in 2024. Now, he's releasing his debut album, "My Mess, My Heart, My Life," on June 19. Myles Smith joins "CBS Mornings" to discuss his rapid rise to stardom, his first album and his experience touring with Ed Sheeran.
Technology
More Technology
Waymo recalls robotaxis after some vehicles entered construction zone
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
Americans on AI's future impact
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
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.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
More Crime
Crime
Mangione's legal team axes psychiatric defense
Lawyers for Luigi Mangione have withdrawn their plan to pursue a psychiatric defense in his New York state murder trial over the killing of UnitedHealthcare CEO Brian Thompson. CBS News legal contributor Jessica Levinson breaks down the decision.
U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
What's missing from the Epstein files?
A CBS News analysis of the released Epstein files shows what documents appear to be absent. CBS News' Vlad Duthiers has more on the search for answers surrounding the case against convicted sex offender Jeffrey Epstein.
Mangione team no longer pursuing this defense
In a stunning reversal, Luigi Mangione's defense team for his New York state trial has announced it will no longer pursue a psychiatric defense. CBS News legal contributor Caroline Polisi joins with more insight.
Mayor accused of faking her kidnapping in embezzlement scheme
Nancy Napoles denied the accusation and said she was willing to cooperate with authorities to clarify what happened.
Space
More Space
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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
Peeled paint in Reflecting Pool after algae bloom
President Trump's multi-million dollar makeover of the Lincoln Memorial Reflecting Pool is not going swimmingly. CBS News' Mark Strassmann reports.
The rise of fitness dating apps
The New York Times reports some singles are turning to fitness dating apps to find a relationship. Danielle Friedman, a contributor for the Times who wrote the piece, joins "The Daily Report" to discuss.
How Trump's Iran goals have changed
With a memorandum of understanding in place between the U.S. and Iran, "The Daily Report" takes a look at where things stand on some of the goals the Trump administration laid out for the conflict. CBS News' Sam Vinograd also joins with analysis.
Massive fire at resort in Dominican Republic
One person was killed and several others were hurt in a massive fire at a luxury beach resort in the Dominican Republic on Friday, local officials said.
Train collision kills at least 1, injures 89
Warning: Graphic video. Two passenger trains collided Friday in Bedford, England, outside of London. At least one person was killed and 89 others were injured, officials said.