New data shows inflation rose in September
New Consumer Price Index data for September has emerged, showing inflation rose but at a slower pace than expected. CBS News contributor Javier E. David has more.
Inflation
Here's what economists say to expect from Friday's inflation report
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
Tariffs impacting consumer prices: analysis
A new analysis shows that President Trump's tariffs are starting to have an impact on businesses and consumers. The St. Louis Federal Reserve found that companies passed 35% of tariff costs onto shoppers early this summer. CBS News MoneyWatch reporter Megan Cerullo has more.
Price of gold hit record high this week. Here's why.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a safe haven for their money.
California restaurant owner says tariffs, inflation leave him "barely breaking even"
The National Restaurant Association says menu prices for U.S. restaurants would need to increase by 30.3% just to maintain a thin profit margin of 5% under the current economic conditions.
Restaurant owner says he's "barely breaking even"
One family's legacy, an Italian restaurant called Sunday Gravy that's been operating for decades, is now "barely breaking even," owner Sol Bashirian says, as tariffs and inflation are eating into its profits. Elise Preston reports.
Government shutdown delays Social Security's cost-of-living announcement
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Economists expect faster growth, but weaker job gains, through 2025
The U.S. economy picked up speed in the second half of the year, although job growth and inflation remain a concern, economists say.
Market sell-off amid U.S.-China trade tensions
The Dow Jones closed down on Friday after President Trump threatened new tariffs on China. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Foreclosure filings rising, report finds
As more U.S. homeowners struggle to keep up with mortgage payments and maintenance costs, new data shows the number of property foreclosures is steadily rising. CBS News contributor Javier David has more.
Federal Reserve officials remain cautious on future rate cuts
Minutes from September Fed meeting reveal a divide between members who support additional rate cuts and those worried about inflation.
Americans think economy's getting worse: poll
New CBS News polling shows the growing pessimism Americans have about the U.S. economy, with more people sharing concerns about the job market and the potential risk AI might pose to the workforce in the years ahead. CBS News' Anthony Salvanto has the numbers.
Inflation held steady in August, in line with economist forecasts
Inflation has eased since peaking in 2022, but remains above the Fed's 2% annual target
GDP revision finds growth at 3.8% pace
The U.S. government has reported its final second-quarter revision, which found that the U.S. gross domestic product grew at a strong 3.8% pace. The Director of the National Economic Council, Kevin Hassett, joins "The Takeout" to discuss.
Rising grocery prices could lead to shrinkflation, food industry analyst says
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
Expert breaks down grocery price increases
Food prices started rising rapidly during COVID-19. Since then, food inflation has slowed, but prices are still going up. Jo Ling Kent reports.
How the interest rate impacts Americans
The Federal Reserve's latest decision to implement a cut to its benchmark interest rate comes after lagging job growth. Allie Kelly, a reporter for Business Insider, joins CBS News with more on the impact on America's economy.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
U.S. inflation rose in August. Here's why.
The latest Consumer Price Index numbers show inflation is rising while jobless claims hit their highest level in nearly four years. CBS News MoneyWatch correspondent Kelly O'Grady explains what to know.
The most striking figures in new inflation data
The latest Consumer Price Index shows overall prices rose by nearly 3% on an annual basis last month. There were more warning signs about the labor market. Kelly O'Grady explains.
Breaking down the latest inflation numbers
New data from the Labor Department shows that inflation ticked up last month with the consumer price index rising by nearly 3% in August compared to the year before. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Social Security COLA could increase 2.7% in 2026, new estimate shows
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
U.S. consumer inflation increase in August
The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.
Live
Trump says Iran "not ready to make the right deal" as U.S. turns to economic warfare
As Vice President JD Vance declares economic pressure "the most effective tool that we have," Iran seeks to show deepening trade ties with its neighbors.
Supreme Court temporarily allows work on White House ballroom to continue
Chief Justice John Roberts issued a stay that will remain in place until the Supreme Court takes further action.
First on CBS
Pentagon moves to fire publisher and editor of Stars and Stripes
The Pentagon has given separation notices to both the publisher and the editor in chief of Stars and Stripes, according to people familiar with the matter.
Controversial pro-Trump attorney Ed Martin leaving administration
Ed Martin, the pro-Trump lawyer who has been at the center of several controversies, is departing the administration, the president announced.
8 dead in charter plane crash near remote military radar site in Alaska
The crash of a small plane in Alaska chartered by the U.S. Army Corps of Engineers is under investigation.
Court says prosecutor who subpoenaed Letitia James was unlawfully appointed
A federal appeals court said the top federal prosecutor in the Northern District of New York was unlawfully serving when he subpoenaed state Attorney General Letitia James.
Alfalfa sprouts recalled after E. coli, salmonella outbreak sickens dozens
An outbreak of E. coli and salmonella that has sickened dozens of people across 15 states has been linked to an alfalfa grower in Minnesota, federal health officials said Friday.
Another child's room now a silent memorial to the toll of school shootings
In south Minneapolis, a second-floor bedroom remains much as it was. For the parents of 8-year-old Fletcher Merkel, it's something every American should see.
People are scrambling to find wads of cash dropped all over American cities
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
U.S.
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Another child's room now a silent memorial to the toll of school shootings
In south Minneapolis, a second-floor bedroom remains much as it was. For the parents of 8-year-old Fletcher Merkel, it's something every American should see.
Reports of sexual assault in the military decline for third straight year: Pentagon
The review included data from an anonymous survey conducted every other year that asks service members whether they've been the victim of unwanted sexual conduct or harassment.
Alfalfa sprouts recalled after E. coli, salmonella outbreak sickens dozens
An outbreak of E. coli and salmonella that has sickened dozens of people across 15 states has been linked to an alfalfa grower in Minnesota, federal health officials said Friday.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
MoneyWatch
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Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
People are scrambling to find wads of cash dropped all over American cities
Cash drop social media accounts have people racing to find money hidden across the country. Here's what's behind the viral videos.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Nearly 25% of workers are "functionally unemployed," analysis finds
An alternative measure of unemployment that accounts for wages suggests the U.S. labor market is weaker than it looks.
Politics
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Reports of sexual assault in the military decline for third straight year: Pentagon
The review included data from an anonymous survey conducted every other year that asks service members whether they've been the victim of unwanted sexual conduct or harassment.
Controversial pro-Trump attorney Ed Martin leaving administration
Ed Martin, the pro-Trump lawyer who has been at the center of several controversies, is departing the administration, the president announced.
Court says prosecutor who subpoenaed Letitia James was unlawfully appointed
A federal appeals court said the top federal prosecutor in the Northern District of New York was unlawfully serving when he subpoenaed state Attorney General Letitia James.
First on CBS
Pentagon moves to fire publisher and editor of Stars and Stripes
The Pentagon has given separation notices to both the publisher and the editor-in-chief of Stars and Stripes, according to people familiar with the matter.
Supreme Court temporarily allows work on White House ballroom to continue
Chief Justice John Roberts issued a stay that will remain in place until the Supreme Court takes further action.
HealthWatch
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Alfalfa sprouts recalled after E. coli, salmonella outbreak sickens dozens
An outbreak of E. coli and salmonella that has sickened dozens of people across 15 states has been linked to an alfalfa grower in Minnesota, federal health officials said Friday.
Cardiac event reveals Olympian's rare heart condition: "There was a God present"
Olympian Jenny Simpson said she won't be able to run again after being diagnosed with a rare heart condition earlier this year.
Mom says postpartum psychosis made her feel like "such a monster"
As the trial of Lindsay Clancy brings renewed attention to postpartum psychosis, Haley Ashcom shares her experience with the dangerous condition.
Drug mix-up at hospital causes dire complications in 4 patients
Four patients at Ascension Saint Thomas Midtown received incorrect medications last week, CBS affiliate WTVF reported.
How Moderna's melanoma mRNA vaccine could fight deadliest skin cancer
CBS News medical correspondent Dr. Céline Gounder, who has had melanoma herself, said Moderna's experimental trial is "a big win for mRNA vaccines against cancer."
World
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Sword attack at school in Sweden leaves 1 dead, police say
An 18-year-old with a sword attacked a school Friday in central Sweden, killing one person and seriously injuring at least two others.
Russian strike kills 15 people at shopping mall in Zelenskyy's hometown
Zelenskyy described the attack as a double-tap strike, in which an initial wave of drones hit the area, followed by a second wave as rescue workers responded.
Why Dubai may be vital to the Trump administration's economic war on Iran
The effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf, the United Arab Emirates.
Controversial Netflix dating show sparks backlash in Japan
Japan's justice ministry said it will cancel a collaboration with "Badly in Love," a Netflix dating show featuring ex-juvenile delinquents.
Iran set to impose longer prison terms for any contact with foreign media
Iranians could soon face up to two years in prison for daring to communicate in any way with a foreign news outlet, embassy or institution.
Entertainment
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Entertainment
Details on Prince Harry, Meghan Markle's return
Prince Harry and Meghan Markle are moving back to the U.K. after six years in California. CBS News royal contributor Amanda Foreman joins "The Takeout" to discuss what the homecoming could look like.
Man who took final photo of Tupac testifies
The man who took the last known photo of Tupac Shakur testified on Friday in the trial of a man accused of organizing the rapper's killing. CBS News legal reporter Katrina Kaufman has the latest.
Book excerpt: "The Serviceberry" by Robin Wall Kimmerer
The #1 New York Times bestselling author of "Braiding Sweetgrass" writes about embracing gratitude and reciprocity in our dealings with nature, and the importance of recognizing and sharing the many gifts the world gives us.
Hayden Panettiere's mom speaks out
Hayden Panettiere's mom is speaking out on their strained relationship. This comes as Neutrogena comments on its working relationship with the late actor.
Controversial Netflix dating show sparks backlash in Japan
Japan's justice ministry said it will cancel a collaboration with "Badly in Love," a Netflix dating show featuring ex-juvenile delinquents.
Technology
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Technology
AI-generated bills swamp congressional lawyers
Lawmakers and lobbyists are now using artificial intelligence to draft bills, but it turns out AI is currently terrible at the technicalities of federal law and regulations. Politico Congress tech reporter Owen Dahlkamp joins to discuss his recent article on the topic.
Walmart to let shoppers use Apple Pay and other tap-to-pay methods
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
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.
TikTok agrees to pay $400 million to settle child privacy lawsuit
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
AI companies accused of hoarding and destroying millions of books
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
Science
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Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Crime
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Crime
Psychiatrist testifies in Clancy trial
Dr. Phillip Resnick, whose testimony contributed to an acquittal in another high-profile child-killing case in 2001, testified in Lindsay Clancy's defense on Friday. Shanelle Kaul has more.
Inside an 8-year-old shooting victim's room
It's been a year since a shooting at Annunciation Catholic Church in Minneapolis killed two children and injured dozens. Steve Hartman visits the bedroom of a little boy who lost his life that day.
Panettiere given emergency drug, witness says
New details in Hayden Panettiere's sudden death have emerged as her on-and-off boyfriend's brother, who was present when she died, speaks out. Mark Strassmann has more.
Flock cameras sabotaged over privacy issues
Cities across the country are unplugging Flock cameras used to record traffic and other violations as privacy concerns grow. Jason Allen has more.
First week wraps in Tupac murder trial
The trial of Duane "Keefe D" Davis wrapped up its first week Friday with Davis telling the judge that he has concerns about the safety of his family. Davis is accused of orchestrating the killing of rapper Tupac Shakur in 1996. CBS News' Katrina Kaufman reports.
Space
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First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Powerful storms rock East Coast
Violent storms are bringing multiple tornadoes and record rainfall across the East Coast and beyond. Jared Ochacher reports.
Psychiatrist testifies in Clancy trial
Dr. Phillip Resnick, whose testimony contributed to an acquittal in another high-profile child-killing case in 2001, testified in Lindsay Clancy's defense on Friday. Shanelle Kaul has more.
The roller coaster popularity of plastic surgery
A new piece in The Free Press looks at the roller coaster popularity of plastic surgery. Freya India, author of the report and contributing writer for the Free Press, joins CBS News to discuss. The Free Press is a Paramount publication.
Inside an 8-year-old shooting victim's room
It's been a year since a shooting at Annunciation Catholic Church in Minneapolis killed two children and injured dozens. Steve Hartman visits the bedroom of a little boy who lost his life that day.
Panettiere given emergency drug, witness says
New details in Hayden Panettiere's sudden death have emerged as her on-and-off boyfriend's brother, who was present when she died, speaks out. Mark Strassmann has more.