U.S. stocks rally toward record highs after better-than-expected inflation data
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
Inflation
Inflation rate rose by 2.7% in July, CPI report shows
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
What the new CPI report means for the economy
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.
Key takeaways from July's inflation report
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.
Breaking down July's CPI report
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 struggling as low-income consumers cut back
Wendy's is facing softer consumer demand, with households earning less than $50,000 planning to cut back on eating out.
Why Trump's new tariffs are fueling economists' stagflation concerns
Economists caution new tariffs could pose economic risks, but the White House says growth is rebounding amid low inflation.
Trump's tariffs take effect
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.
How latest tariffs could impact prices
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.
Tracking cost of cars, trucks, groceries as Trump announces new tariffs
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.
Employers added 73,000 jobs in July, falling short of forecasts
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
Top Trump economic adviser on new tariffs
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.
Inflation rose around the U.S. in June amid tariff hikes
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
Poll: Most Americans expect price hikes soon
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.
Why did Fed keep interest rates steady again?
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.
GDP surged in the second quarter after sliding earlier this year
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
Trump adviser Peter Navarro on interest rates
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.
Trump adviser Peter Navarro on tariff impacts
Much remains to be decided about President Trump's tariffs. Top trade adviser Peter Navarro joins "The Takeout" to discuss where things are headed.
Powell cautious on possible September cut
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.
Breaking down July's consumer confidence rise
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.
Federal Reserve kicks off two-day meeting
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.
Breaking down new economic data
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.
Parents rush to buy school supplies
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.
Is the U.S. economy in a desperate time?
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.
Takeaways from Trump's Federal Reserve tour
President Trump visited the Federal Reserve on Thursday to tour its multi-billion-dollar renovation project. It comes amid his repeated public attacks on Fed Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Exclusive
Men describe being deported by U.S. to dangerous African nation: "We cannot leave"
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
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.
Trump threatens defamation suit against left-leaning think tank
President Trump's legal team is threatening to sue left-leaning think tank Center for American Progress for defamation over a report it issued that found "no evidence that National Guard deployments have reduced violent crime."
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.
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.
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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Pilot reports possible burn injuries after passenger's laptop catches fire
"I think we have about four to five passengers that were burned by the laptop," a pilot could be heard saying in air traffic control audio obtained by CBS News.
Trump campaigns with Darline Graham in South Carolina ahead of runoff
Sen. Darline Graham is facing Rep. Ralph Norman to replace her late brother on the ballot in November.
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 U.S. military declined for third straight year
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.
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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Exclusive
Men describe being deported by U.S. to dangerous African nation: "We cannot leave"
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
Trump threatens defamation suit against left-leaning think tank
President Trump's legal team is threatening to sue left-leaning think tank Center for American Progress for defamation over a report it issued that found "no evidence that National Guard deployments have reduced violent crime."
Trump campaigns with Darline Graham in South Carolina ahead of runoff
Sen. Darline Graham is facing Rep. Ralph Norman to replace her late brother on the ballot in November.
Reports of sexual assault in U.S. military declined for third straight year
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.
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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Men describe being deported by U.S. to dangerous African nation: "We cannot leave"
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
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.
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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NFL storylines as preseason hits Week 2
Jacob Robinson, staff writer for the Athletic, joins CBS News to discuss the biggest headlines in the NFL as the league gears up for the regular season.
Liberia receives first group of U.S. deportees
The western African nation of Liberia has received the first round of "third country" deportees from the United States. The plane with roughly 20 deportees landed on Thursday. U.S. officials tell CBS News some of the passengers refused to deboard upon landing. The Trump administration has brokered deals with at least 35 countries to deport people to places where they have no ties. CBS News' Camilo Montoya-Galvez reports.
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.