Inflation cools slightly in July
July's producer price index report showed price pressures were largely flat, with inflation easing slightly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Inflation
CPI report shows inflation eased in July to a 3.4% annual pace
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
Inflation cools slightly; NYC probes Kalshi
U.S. inflation cooled slightly in new data from July. Also, the New York City Council launched a sweeping investigation into the marketing practices of prediction market companies such as Kalshi and Polymarket. Axios markets correspondent Matt Phillips shares his thoughts.
Trump faces disappointing July jobs report
The economy unexpectedly lost 23,000 jobs in July, signaling a slowdown that could complicate the Federal Reserve's next move on interest rates in September. The Trump administration downplayed the jobs report, blaming it on federal downsizing and layoffs in World Cup hospitality. CBS News business producer Emily Pandise has more.
U.S. unexpectedly loses 23,000 jobs in July
The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Americans got their biggest raises in 40 years. Inflation took most of it.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
More adults moving back home
With wages stagnant, inflation up, and the cost of living increasing, more American adults are seeing their parents as potential roommates as they look to save cash. CBS MoneyWatch reporter Megan Cerullo has more.
"Peanut butter" pay raises are out, as employers shift to merit hikes
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
More young Americans moving home to save cash
With inflation and rising costs, the affordability crisis is prompting some adults to consider rooming with their parents. CBS News' Jericka Duncan spoke with a 34-year-old woman about her decision to move back home.
Survey on Americans' sentiments on CEOs
A new survey examined Americans' attitudes and perceptions toward CEOs and extreme wealth concentration. CBS News contributor Javier E. David responds.
Americans surveyed on back-to-school budgets
With inflation contributing to price bumps, many families are looking to save on their back-to-school budgets. We took a look at a spending survey.
Poll: 75% say inflation outpacing income
New CBS News polling shows many Americans don't think President Trump is doing enough to bring down prices. Political strategists Rina Shah and Amirah Sequeira join with analysis.
More Americans buying groceries on credit
More Americans are resorting to buying groceries on credit, according to research by the think tank Urban Institute. Washington Post personal finance columnist Michelle Singletary joins "The Takeout" to discuss what's behind the trend.
7/31: The Takeout with Major Garrett
President Trump holds Cabinet meeting at Camp David; 7 states report cyberattack on water systems.
Finding back-to-school shopping deals
With inflation up, Americans are expected to spend even more this year on back-to-school purchases. "CBS Mornings" has saving tips, plus how to find deals.
Poll: Many say neither party helping inflation
As the perceived disparity between incomes and inflation continues to grow, new CBS News polling shows many Americans don't feel relief coming from Republicans or Democrats. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Poll: Democrats, GOP tied on economic ratings
In a shift, new CBS News polling finds both Democrats and Republicans are tied on economic approval ratings. CBS News executive director of elections and surveys Anthony Salvanto has the numbers.
Stocks rebound as some tech companies rally
Wall Street saw a big rebound on Thursday, with the Dow and Nasdaq shooting up more than 600 points. Yahoo Finance senior reporter Brooke DiPalma joins with analysis.
U.S. economic growth slows down
U.S. economic growth slowed down in the second quarter of 2026. CBS News business analyst Jill Schlesinger weighs in.
U.S. economy slowed in second quarter as Iran war weighs on growth
Economic activity weakened between April and June as energy costs surged, new government data shows.
Stocks fall as Fed keeps interest rate steady
Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.
Dow has worst day since April 2025
Investors reacted sharply on Wednesday to the Federal Reserve's decision to leave interest rates unchanged amid persistent inflation and spikes in energy prices. Emily Russell, commentary and policy editor at Barron's, joins with analysis.
3 Fed members voted to hike interest rates
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, but the decision was not unanimous: three members voted to raise rates by a quarter of a percentage point. CBS News MoneyWatch correspondent Kelly O'Grady joins with analysis.
Dow closes down over 1,000 points
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Will the Fed increase interest rates?
The Federal Reserve is widely expected to leave interest rates unchanged, but some believe inflation warrants a rate hike. CBS News' Kelly O'Grady has more.
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.
Live
Iran strikes U.S. jets after Trump promises war to end after midterms
U.S. jets were hit by Iranian missiles while parked at a base in Jordan, sources tell CBS News, while Trump said the war will end "immediately" after midterms.
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.
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."
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.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
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.
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.
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.
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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.
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.
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.
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.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
MoneyWatch
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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 are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said 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.
Why you shouldn't bank on Trump's $5,000 dividends happening
President Trump pledged $5,000 to all American adults if Republicans retain control of Congress. You may not be able to take that to the bank.
Politics
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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.
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.
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.
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.
HealthWatch
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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
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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.
Deadly fire on ferry off Philippines leaves dozens of people missing
A fire on a passenger ferry off the western Philippines left dozens of people missing and killed at least five. An intense and widespread search was on for the unaccounted for.
Barry Melrose, prominent NHL player, coach and broadcaster, dies at 70
Barry Melrose, a hockey player-turned-coach who led the Los Angeles Kings to the 1993 Stanley Cup Final before going on to a long career in broadcasting the sport, has died at 70.
Entertainment
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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
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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
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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
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Crime
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.
Lindsay Clancy Mistrial: Reddington Weighs In
In the wake of the mistrial in the Lindsay Clancy murder case, CBS News correspondent Shanelle Kaul and WBZ-TV reporter and anchor Kristina Rex share new reporting from inside the courtroom, exclusive juror insights, and behind-the-scenes details of the dramatic final courtroom moments. Plus, we learn what's next as the Plymouth County District Attorney's Office weighs its options.
Space
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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
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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.
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
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Latest CBS News Videos
Extended Interview: Jacob Coxon
Jacob Coxon publicly resigned from his position as an Anthropic researcher on Tuesday, accusing the company and rival developer and ChatGPT-maker OpenAI of "gambling with our lives" by racing to develop advanced AI models. He spoke with Jo Ling Kent about his decision to resign and why he feels AI could one day threaten humanity.
First regular NFL game in Australia
The NFL's first-ever regular season game in Australia is about to kick off, with the Los Angeles Rams set to play the San Francisco 49ers. A halftime performance by Joe Jonas is also expected. Network 10 reporter Steph Baumgartel joins "The Daily Report" to share the excitement.
Ongoing efforts to ID 9/11 victims' remains
It's been 25 years since 9/11, and the New York City Office of Chief Medical Examiner continues its pledge to identify remains for as long as there are families looking for answers.
Republican candidate on GOP convention
Republican congressional candidate Michael Bouchard Jr., who is attending the GOP midterm convention, joins "The Daily Report" to share his thoughts on the Iran war, Trump's promised $5,000 payments, and more.
Legal expert on Missouri congressional map
The Supreme Court has blocked Missouri's use of a new congressional map that would have favored Republicans ahead of the midterms. CBS News legal contributor Jessica Levinson explains what this means.