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.
Inflation
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.
CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
Labor Dept watchdog launches probe into the Bureau of Labor Statistics
Internal review, which will focus on how BLS collects and reports economic data, follows claims by President Trump that the statistics bureau is politicized.
Inflation is creeping higher, putting pressure on American consumers
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
Live
25 years after 9/11 attacks, America reflects and remembers
Four former presidents plan to gather at the World Trade Center memorial site for 9/11 commemorations, while President Trump will visit the Pentagon.
Where does the case against the alleged 9/11 plotters stand?
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
Explore NYC's transformation since 9/11 through images, personal accounts
An in-depth look at how 9/11 has changed Lower Manhattan and beyond, 25 years after the World Trade Center attacks.
Live
Diesel hits record $6 a gallon as Houthis take key Red Sea port city
Diesel prices in the U.S. have hit a painful new milestone, $6 a gallon as, reports said, Yemen's Houthis took a key Red Sea port city.
George W. Bush says Americans "don't pay attention to the lesson of 9/11"
Former President George W. Bush gave rare remarks on Wednesday as Americans mark 25 years since the Sept. 11 terrorist attacks.
Exclusive
Trump shares more details on $5,000 dividends in exclusive interview
CBS News Texas political reporter Jack Fink spoke with President Trump for an exclusive interview during the president's visit to North Texas.
Joe diGenova resigns from DOJ after overseeing "grand conspiracy" probe
Joe diGenova, the prosecutor who was tapped by Attorney General Todd Blanche to supervise the "grand conspiracy" investigation targeting Obama- and Biden-era officials, told CBS News he has resigned.
August CPI report could spark the Fed's first rate hike in over 3 years
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
Afghan girls who study in secret want you to read their "letters to the world"
21 Afghan girls, bravely defying the Taliban by continuing to study, handed CBS News letters containing their stifled, often humble dreams "for an ordinary life."
U.S.
More U.S.
Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
How would consumers feel a U.S. ban on Canadian booze and other products?
One Canadian whiskey maker has found a workaround to Trump's Canadian alcohol ban.
Where does the case against the alleged 9/11 plotters stand?
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
Live
25 years after 9/11 attacks, America reflects and remembers
Four former presidents plan to gather at the World Trade Center memorial site for 9/11 commemorations, while President Trump will visit the Pentagon.
Family's 9/11 loss inspires a school that's helped hundreds of kids
CBS News producer Caroline Lewis shares the story of her mother Patty, who established a school in a disadvantaged community after losing her husband on 9/11.
MoneyWatch
More MoneyWatch
How would consumers feel a U.S. ban on Canadian booze and other products?
One Canadian whiskey maker has found a workaround to Trump's Canadian alcohol ban.
Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Diesel prices in U.S. top $6 a gallon for first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts say is likely to continue. Here's why.
Trump's $5,000 payments would reignite inflation, economists say
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
August CPI report could spark the Fed's first rate hike in over 3 years
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
Politics
More Politics
How would consumers feel a U.S. ban on Canadian booze and other products?
One Canadian whiskey maker has found a workaround to Trump's Canadian alcohol ban.
Where does the case against the alleged 9/11 plotters stand?
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
Live
25 years after 9/11 attacks, America reflects and remembers
Four former presidents plan to gather at the World Trade Center memorial site for 9/11 commemorations, while President Trump will visit the Pentagon.
GOP Rep. Rob Bresnahan campaigns on data center limits while investing in industry
According to a financial disclosure, the Pennsylvania lawmaker holds investments in companies positioned to benefit from the data center industry's continued growth.
Surrogate appeals to Supreme Court in custody dispute over baby with heart defect
A California couple's surrogate who refused their wishes to have an abortion has asked the U.S. Supreme Court to intervene in a custody dispute over the 4-week-old child, who was born in Texas with a serious heart defect.
HealthWatch
More HealthWatch
Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
How donating blood could reveal clues about your own health
Amid a national blood supply crisis, Dr. Courtney Lawrence sat down with Norah O'Donnell to talk about donating blood, health myths and more.
A generation of kids suffers as Trump destabilizes immigrant families
Children in immigrant families are facing multiple health threats from President Trump's policies.
NYC officials release unseen post-9/11 air quality documents
New York City officials released thousands of previously unseen documents questioning the air quality at Ground Zero following the 9/11 attacks.
What is postpartum psychosis?
Experts discuss the symptoms, diagnosis and stigma surrounding postpartum psychosis (not to be confused with postpartum depression), a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy.
World
More World
Live
Diesel hits record $6 a gallon as Houthis take key Red Sea port city
Diesel prices in the U.S. have hit a painful new milestone, $6 a gallon as, reports said, Houthi rebels in Yemen took the key Red Sea port city of Mokha.
Anthropic says scientists used AI for possible biological weapons development
Anthropic said it blocked scientists who used its Claude AI models "in ways that could support biological weapons development."
Spain's spy agency warned of Ceuta border breach plans before crisis, declassified files show
Spain's national intelligence agency issued multiple warnings about a potential mass crossing of migrants from Morocco into the Spanish exclave of Ceuta, declassified documents show.
25 people killed in fire on cargo ship docked in China, state media reports
The deadly fire broke out when the cargo ship was docked for repairs at a major shipping hub on China's northeastern coast.
Multiple U.S. military aircraft damaged in Iranian strikes on base in Jordan, sources say
One A-10 Thunderbolt, an attack aircraft known as the Warthog, was struck and lost a wing, according to sources.
Entertainment
More Entertainment
Entertainment
Dolly Parton's sister on Dolly's marriage
Dolly Parton's younger sister sat down with Gayle King for a conversation that included Dolly's makeup routine and her decades-long love affair with her husband Carl.
Sandra Bullock, Lee Pace on "Practical Magic 2"
Sandra Bullock and Lee Pace sat down with Adriana Diaz to discuss "Practical Magic 2," which premieres Friday.
Exclusive
Stella Parton says her sister Dolly was prepared and at peace when she died
Stella Parton gives insight into her sister Dolly Parton's marriage, makeup habits and views on death in an exclusive CBS News interview.
Dolly Parton's sister on star's life, death
Dolly Parton's sister, Stella, sits down with Gayle King for her first interview since Dolly's death to discuss her sister's legendary life. Stella Parton says the country star was "definitely prepared" and at peace when she died last month.
Fashion designer Romeo Hunte shares new pieces
Fashion designer Romeo Hunte joins "The Daily Report" to discuss pieces in his new collection as New York Fashion Week kicks off.
Technology
More Technology
Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Expert on threats of AI "superintelligence"
Public concerns over the threat of "superintelligence" are on the rise following comments from a former Anthropic researcher that the technology could kill off humanity. J.B Branch, director of federal AI governance and technology policy at Public Citizen, joins "The Daily Report" to discuss.
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.
Former Anthropic employee on his fears
Anthropic said on Thursday that it disrupted several potential efforts this year to make biological weapons using its models. It's the exact kind of threat that has some people worried, including former Anthropic employee Jacob Coxon. Jo Ling Kent spoke with him on Thursday.
Democrats, Republicans in stalemate over AI
No federal law exists to regulate AI as Democrats and Republicans clash in the wake of renewed fears of human extinction. CBS News' Nikole Killion has more.
Science
More Science
First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
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."
Crime
More Crime
Where does the case against the alleged 9/11 plotters stand?
The trial of Khalid Sheikh Mohammed and three other alleged 9/11 plotters is scheduled to begin in June 2028.
Ex-FBI agent on hunt for alleged 9/11 planner
"Daughters of 9/11," a new documentary airing on CBS on Friday, follows two women who lost their fathers in the attacks and are demanding alleged mastermind Khalid Sheikh Mohammed be held accountable. Their journey leads them to Retired FBI Special Agent Frank Pellegrino, who spent more than a decade hunting for Mohammed and eventually questioned him. Pellegrino joins "The Takeout" to discuss.
Lindsay Clancy lawyer files to toss mistrial
Lindsay Clancy's defense attorney, Kevin Reddington, filed a motion Thursday to throw out last week's mistrial and acquit Clancy. Clancy admitted to killing her three children, but pled not guilty to murder charges, arguing she was suffering from postpartum psychosis.
One year since Charlie Kirk's killing
It has been one year since conservative political activist Charlie Kirk was fatally shot during an event in Utah. Benji Backer, the founder and CEO of Nature Is Nonpartisan, joins CBS News with more on his friendship with Kirk.
Video shows attempted murder in Ohio
A potential killing was caught on camera in Ohio and was revealed at the trial of a man found guilty of attempting to shoot his wife in a crowded restaurant. Mark Strassmann reports.
Space
More Space
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
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.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
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.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Sept. 11 ceremony occurring in Shanksville
Americans will honor the lives lost on Sept. 11, 2001, at the Flight 93 National Memorial in Shanksville, Pennsylvania. CBS News' Nicole Sganga reports.
Trump's plans for September 11
President Trump will commemorate 25 years since Sept. 11, 2001, at the Pentagon. CBS News' Olivia Rinaldi reports.
NYC remembers Sept. 11 attacks 25 years
New York City will commemorate the terror attacks that occurred on Sept. 11, 2021, when hijackers deliberately crashed two planes into the World Trade Center towers. CBS News' Jarred Hill reports.
Woman recalls Betty Ong's bravery on 9/11
On Sept. 11, 2001, Vanessa Minter, an American Airlines reservations agent, answered Betty Ong's call from one of the hijacked planes during the terror attacks. In an exclusive interview with Jonah Kaplan, Minter recalls the flight attendant's bravery and finally meets Ong's family 25 years later.
Look back: Jay Maisel on photographing the Twin Towers
During the course of his life, New York photographer Jay Maisel, who died last month at age 95, photographed the World Trade Center thousands of times – including on 9/11, when they were destroyed. In this "Sunday Morning" report that aired Sept. 16, 2011, Maisel talked with correspondent Richard Schlesinger about the hold the Twin Towers had on the imagination, and on his camera's lens.