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Consumer prices in July rose 2.7%, the same annual increase as June. However, the core rate, which removes good and energy categories that are more volatile, increased by 3.1%. CBS News business analyst Jill Schlesinger breaks down the report.
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
The Labor Department reported that inflation rose at an annual pace of 2.7% last month, slightly better than what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Inflation in July rose 2.7% on an annual basis, which was slightly less than economists had forecast, according to a report released Tuesday. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.
July's Consumer Price Index rose 2.7% on an annual basis and 0.2% month-over-month, with some prices rising as President Trump's tariffs took effect. CBS News MoneyWatch correspondent Kelly O'Grady has more details, while Ramy Inocencio discusses the U.S. and China's renewed trade truce.
Wendy's is facing softer consumer demand, with households earning less than $50,000 planning to cut back on eating out.
Economists caution new tariffs could pose economic risks, but the White House says growth is rebounding amid low inflation.
About 90 countries, including the European Union, are now facing tariffs of 15% or higher as President Trump's sweeping levies go into effect. Erica Brown reports.
President Trump's blanket tariffs on U.S. trading partners are now in effect. This means that American businesses will have to pay more to bring in foreign goods. CBS News' Javier David and Nancy Cordes have the latest.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
President Trump's new tariffs on dozens of countries will go into effect on Aug. 7. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the potential impact on the economy.
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
A new round of CBS News polling shows views of the economy are slightly better than they were earlier this summer, but concerns about more price increases are weighing down the outlook. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
Much remains to be decided about President Trump's tariffs. Top trade adviser Peter Navarro joins "The Takeout" to discuss where things are headed.
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
New numbers show Americans have a slightly more positive outlook on the economy. The Consumer Confidence Index rose two points in July compared to June. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The Federal Reserve is kicking off meetings as a decision over interest rates is expected. President Trump has urged Fed chair Jerome Powell to apply a cut. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Consumers might be feeling more optimistic about the economy, new consumer confidence index data shows. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali Bauman has more.
President Trump visited the Federal Reserve on Thursday, where he publicly disagreed with its chair, Jerome Powell, about the central bank's renovation costs. Following the tour, Mr. Trump denied tensions between himself and Powell, saying they had a "good meeting." CBS News MoneyWatch correspondent Kelly O'Grady reports.
The president says he's trying to force Congress to pass a voter ID bill that currently lacks enough support to be approved.
With the specifics of the U.S.-Iran deal still unclear, Israel continues strikes in Lebanon and shippers face mixed messages on the Strait of Hormuz.
ICE has moved detainees out of a controversial soft-sided detention center in the Florida Everglades known as "Alligator Alcatraz," a spokesperson said, citing safety concerns around hurricane season.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
President Trump has invoked the Defense Production Act to address constraints in the production of munitions, according to a presidential memo released Tuesday.
A business jet with six on board crashed on a Laredo, Texas, highway and caught fire, killing one person and causing chaos as passersby frantically tried to save those inside.
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
The FBI said it disrupted an attempt to attack Sunday's UFC America 250 event at the White House, with court records detailing an alleged plot to use small drones carrying explosives.
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
A business jet with six on board crashed on a Laredo, Texas, highway and caught fire, killing one person and causing chaos as passersby frantically tried to save those inside.
Rep. Barry Moore won the Republican Senate runoff in Alabama on Tuesday night, CBS News projects, defeating political newcomer and U.S. Navy Seal Jared Hudson.
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
President Trump delayed Jay Clayton's nomination to lead the U.S. intelligence community, saying he's trying to force Congress to pass a voter ID bill that currently lacks enough support to be approved.
ICE has moved detainees out of a controversial soft-sided detention center in the Florida Everglades known as "Alligator Alcatraz," a spokesperson said, citing safety concerns around hurricane season.
Rep. Barry Moore won the Republican Senate runoff in Alabama on Tuesday night, CBS News projects, defeating political newcomer and U.S. Navy Seal Jared Hudson.
Critics have questioned the overall legality of the boat strikes as well as their effectiveness since the U.S. military began them in September 2025.
Rep. Mike Collins will face off against Democratic Sen. Jon Ossoff in November as Republicans look to Georgia to deliver a key GOP victory that could determine control of the Senate.
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
With the specifics of the U.S.-Iran deal still unclear, Israel continues strikes in Lebanon and shippers face mixed messages on the Strait of Hormuz.
Critics have questioned the overall legality of the boat strikes as well as their effectiveness since the U.S. military began them in September 2025.
The Senate narrowly rejected a war powers resolution on Iran as President Trump touts a framework agreement with Tehran to end the monthslong conflict.
India alone has more than 18,000 sailors stuck across the Persian Gulf region. Some tell CBS News it feels like they're "in jail."
Semyon Skrepetsky was known for performances and artwork attacking Russian President Vladimir Putin and other authoritarian leaders.
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
Chris Stapleton and The Smashing Pumpkins are set to headline America250's "America's Block Party Concert," with Queen Latifah set to host. Rosie Rios, the chair of America250, joins CBS News 24/7 with more.
Harlan Coben talks about casting for the Netflix adaptation of his 2023 bestselling novel "I Will Find You." The series stars Sam Worthington, who describes how fatherhood impacted him in his role and how he sees his character.
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Serena and Venus Williams are getting back together as a doubles team, at Wimbledon. The last time the sisters were a doubles duo was at the 2022 U.S. Open, where they lost their opening match.
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
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.
Anthropic's senior staff is planning to meet with White House officials amid a recent dispute over the company's safety measures. Maria Curi, a tech reporter for Axios, has more.
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
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.
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
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 sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Law enforcement sources tell CBS News officials allegedly seized weapons, thousands of rounds of ammunition, and tactical gear while conducting search warrants in connection with the foiled plot to attack the UFC event at the White House over the weekend. CBS News security and law enforcement contributor Lance Leising has more.
Police in Delaware are still searching for a suspect who shot two people at Wilmington Hospital on Tuesday, officials said at a news conference. At least one person is dead and another injured.
Federal prosecutors charged at least five people in connection with an alleged plot to kill the president and countless others at Sunday's UFC cage fight on the White House lawn. Ed O'Keefe reports.
The FBI disrupted an alleged plot targeting the White House UFC event, officials announced Tuesday. CBS News Department of Justice reporter Jake Rosen has the details.
New charges were filed against a man accused of fatally shooting one National Guard member and gravely injuring another in Washington, D.C., opening the door for the DOJ to seek the death penalty if he's convicted.
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
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.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
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.
A man charged with murder for poisoning two women tells a friend, "dead girls don't talk." Brave survivors speak out on their behalf. "48 Hours" contributor Jonathan Vigliotti reports Saturday, June 20 at 10/9c* on CBS and streaming on Paramount+. (*Following the WNBA on CBS)
Lawmakers on Capitol Hill are calling on the White House to release the text of the tentative deal reached with Iran to end the war. Both Democrats and Republicans have said they are eager to see the details. CBS News national security analyst Aaron MacLean has more.
Law enforcement sources tell CBS News officials allegedly seized weapons, thousands of rounds of ammunition, and tactical gear while conducting search warrants in connection with the foiled plot to attack the UFC event at the White House over the weekend. CBS News security and law enforcement contributor Lance Leising has more.
A new Gallup study reveals that social media users across platforms differ in how they express their views on democracy. Dr. Ellyn Maese, senior researcher at Gallup and author of the study, joins CBS News to unpack the findings.
In this extended interview, CBS News chief Washington correspondent Major Garrett sits down with Democratic Sen. Raphael Warnock of Georgia to discuss the Iran war, voting rights and morality in America.