Inflation eased in May with prices rising less than expected
Key report on consumer prices comes ahead of interest-rate decision by the Federal Reserve in the afternoon.
Inflation
Inflation cools more than expected in May
Price increases in the U.S. were up 3.3% from last year in May's Consumer Price Index, a smaller increase than was predicted by economists, while month-over-month prices stayed the same. CBS News business analyst Jill Schlesinger has more.
Fed set to make another decision on rates. What are the odds of a cut?
The Federal Reserve will announce its next interest rate decision on June 12. Here's what to expect — and what it means for your money.
Why is the global supply chain so fragile?
The COVID-19 pandemic dislodged the global supply chain, but the vulnerabilities in the system had already been building up for decades. A new book titled "How the World Ran Out of Everything" examines how the health crisis exposed the fragility of a system that was always at risk of collapse. Author Peter Goodman joins to discuss.
Labor market resilient despite inflation concerns
The latest jobs report showed that the U.S. added 272,000 jobs last month, significantly higher than forecasters had expected. Michael George has more.
How the Fed could react to May jobs report
The latest data from the Labor Department shows the U.S. added 272,000 jobs in May. The figure was much higher than economists expected, indicating that the market is not slowing down. CBS News senior business and technology correspondent Jo Ling Kent explains what the report means for the Fed's fight against inflation.
What to look for in the Labor Department's May jobs report
U.S. unemployment rate forecast to stay below 4% for a 28th straight month — that would be the longest stretch in more than 70 years.
European Central Bank interest rate cuts
The European Central Bank has announced a cut to key interest rates after 18 months of declining inflation in Europe's economy. CBS News' Ramy Inocencio has more.
U.S. prices cooled in April, key inflation gauge shows
Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
Abortion access finds wide support, but inflation, immigration fears propel Trump
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
Why many think the U.S. is in a recession
More than half of Americans believe the U.S. is in a recession, according to a Harris poll conducted for the Guardian. CBS News contributor Javier E. David discusses the data, which shows the economy is strong despite people's sentiment.
Stores are cutting prices for inflation-weary shoppers. Here's where.
Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather.
Food prices up for Memorial Day 2024
Memorial Day marks the unofficial start of summer, and about half of all Americans are expected to grill over the weekend. But food prices are up this year, making those cookouts a bit more expensive. Jonathan Vigliotti reports.
Inflation to create sticker shock for vacationers
Those planning vacations this summer should buckle up for considerably higher prices. Kris Van Cleave explains.
How inflation could impact Memorial Day plans
Memorial Day travel is already underway for many Americans. CBS News senior transportation correspondent Kris Van Cleave details the fluctuating costs of vacationing this year.
Home sales fell in April, new data shows
Home sales appear to have fallen in April, according to new data from the National Association of Realtors. CBS News business analyst Jill Schlesinger breaks down the current trends in the real estate market.
Inflation putting stress on summer vacations
Compared to last year's Memorial Day, the overall cost of travel is actually down slightly, but vacationing in 2024 still costs 15% more than before the pandemic. CBS News senior transportation correspondent Kris Van Cleave has more.
Embattled U.K. prime minister sets July 4 election date
U.K. Prime Minister Rishi Sunak set July 4 as the date for a national election, with the opposition Labour Party strongly favored to win.
Retailers cut prices on thousands of items
Some companies, including Target and Michaels, recently announced they're slashing prices on thousands of items that were seeing higher costs due to inflation. According to the Labor Department, groceries and other household items are cheaper now than last year. CBS News contributor Javier David has more on the trend.
Target cutting prices on thousands of items
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
Economy, border front of mind for Arizonans
Arizona and Florida have both been in the national spotlight over abortion rights in recent weeks, but a new CBS News poll finds other issues are more pressing for voters in those states. CBS News executive director of elections and surveys Anthony Salvanto unpacks the numbers. Then, political strategists Meghan Hays and Matt Gorman join with analysis.
Biden, Trump hit campaign trail
President Biden and former President Donald Trump hit the campaign trail over the weekend ahead of the 2024 general election. Mr. Biden addressed Morehouse College students in Atlanta, and Trump spoke to members of the National Rifle Association, which formally endorsed him for president in Dallas. CBS News' Caitlin Huey-Burns has more.
Breaking down the Dow's 40,000 milestone
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Dow Jones reaches 40,000 for first time
A strong labor market and cooling inflation fueled a spike in the Dow Jones Industrial Average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.
Nick Reiner being charged with first-degree murder in parents' deaths
Officials in Los Angeles held a news conference about the killings of Rob Reiner and his wife Michele Singer Reiner, who were found dead in their home Sunday.
Brown shooting investigators release new "enhanced" footage of person of interest
In several zoomed-in videos police say were captured on the East Side of Providence approximately two hours before the shooting, the person of interest is seen walking on a sidewalk and looking around.
Hegseth won't release video of U.S. "double tap" strike that killed 2 survivors
Democrats have called on the Pentagon to release the full video of the "double-tap" U.S. strike that killed two survivors who were alive after an initial strike.
Trump doubles number of countries facing travel bans or restrictions
President Trump on Tuesday more than doubled the list of countries subject to his travel ban or to heavy restrictions, bringing the total number of nations affected to 39.
Judge denies request to temporarily block construction of White House ballroom
A federal judge in Washington, D.C., put limits on what construction crews can do on the project over the next two weeks.
Epstein offered advice to billionaire facing accusation of sexual impropriety
Recently released emails document Jeffrey Epstein's involvement in Leon Black's personal affairs.
Trump and his allies defend Susie Wiles over blunt quotes in Vanity Fair
President Trump defended White House chief of staff Susie Wiles after she was quoted offering blunt assessments of his inner circle in Vanity Fair.
Trump says he'll deliver prime-time address to the nation on Wednesday
President Trump said he will deliver an address live to the nation Wednesday at 9 p.m.
7 highlights from Erika Kirk's CBS News town hall
Erika Kirk recalls the emotional fog of Charlie Kirk's assassination, addresses conspiracy theories and takes questions during a CBS News town hall hosted by Bari Weiss.
U.S.
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Hegseth won't release video of U.S. "double tap" strike that killed 2 survivors
Democrats have called on the Pentagon to release the full video of the "double-tap" U.S. strike that killed two survivors who were alive after an initial strike.
Measles outbreaks worsen in South Carolina, Arizona and Utah
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
Judge denies request to temporarily block construction of White House ballroom
A federal judge in Washington, D.C., put limits on what construction crews can do on the project over the next two weeks.
Brown University shooting survivor describes moment he was shot in the back
Two students were killed and nine others were wounded during a mass shooting on the campus of Brown University in Rhode Island.
Nick Reiner being charged with first-degree murder in parents' deaths
Officials in Los Angeles held a news conference about the killings of Rob Reiner and his wife Michele Singer Reiner, who were found dead in their home Sunday.
MoneyWatch
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Millions of Hyundai and Kia owners can get free repairs from settlement
Automakers Hyundai and Kia have reached a settlement with dozens of states over anti-theft technology in models of their vehicles.
These are the most popular internet services of 2025, as AI gains traction
Global internet traffic rose 19% this year as people rely more on tech for daily communication and entertainment, a new report finds.
FIFA slashes some World Cup ticket prices after global fan backlash
FIFA slashed the price of some World Cup tickets following a worldwide backlash, with some final seats available for $60.
Family of late Zappos CEO alleges mysterious will is a "scam"
The family of Tony Hsieh, who died at 46, is disputing a will that emerged in 2025, allegedly from a Pakistani man with no ties to the businessman.
U.S. adds 64,000 jobs in November as unemployment hits four-year high
The unemployment rate in November rose to 4.6%, its highest level since September 2021.
Politics
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Hegseth won't release video of U.S. "double tap" strike that killed 2 survivors
Democrats have called on the Pentagon to release the full video of the "double-tap" U.S. strike that killed two survivors who were alive after an initial strike.
Judge denies request to temporarily block construction of White House ballroom
A federal judge in Washington, D.C., put limits on what construction crews can do on the project over the next two weeks.
Trump doubles number of countries facing travel bans or restrictions
President Trump on Tuesday more than doubled the list of countries subject to his travel ban or to heavy restrictions, bringing the total number of nations affected to 39.
At DNC meetings, Democrats see hope in 2025 wins as Newsom, Harris loom large
Democrats felt jubilant at this year's winter party meetings after decisive off-year election wins. Now, they say they are looking to build on the 2025 momentum in next year's midterms — and beyond.
Senate Republicans push for progress on next funding package this week
Senate Republicans are aiming to move forward on a new package of funding bills before leaving for the holidays, with just weeks to go before the next deadline to avoid another shutdown.
HealthWatch
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Measles outbreaks worsen in South Carolina, Arizona and Utah
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
He made his brothers see a cardiologist. Each had advanced heart disease.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
Millions of Americans could see health plan costs double as ACA credits vanish
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Vaccine vote signals turbulence for immunization policy, public trust
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
Botulism outbreak tied to ByHeart products includes 51 babies in 19 states
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
World
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Bondi suspects reportedly trained where Islamist separatists have been for years
Australia's Prime Minister Anthony Albanese said that the terror attack on Jewish people at Bondi Beach was "motivated by ISIS ideology."
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Video shows couple trying to stop Bondi attackers: "Bravery and selflessness"
Newly revealed video footage shows a couple in their 60s trying to stop the gunmen right before the attack on a Hanukkah celebration at Australia's Bondi Beach.
Woman's phone found over 2 years after she vanished in wilderness
A missing woman's phone has been found in Australia's Tasmanian wilderness more than two years after she disappeared, police said.
Australian leader says terror attack motivated by ISIS as new info emerges
The men suspected of attacking a Jewish gathering on Bondi Beach were inspired by the ISIS terror group and spent weeks last month in the Philippines, officials say.
Entertainment
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Nick Reiner will not be in court today due to medical reasons, attorney says
Nick Reiner, who is being held in connection with the murder of his parents Rob Reiner and Michele Singer Reiner, will not be in court on Tuesday due to medical reasons, his attorney said.
Matt Rife tackles holiday chaos in new show
Comedian Matt Rife is known for poking fun at everything and everyone. Now, he's taking on Santa. He joins "CBS Mornings" to preview his new Netflix special, "Matt Rife: Unwrapped - A Christmas Crowd Work Special."
Storied career of "the king of country music"
George Strait, known as "the king of country music," has racked up more than 60 number one hits and the most certified platinum albums of any country artist. "CBS Mornings" takes a look back at the Kennedy Center honoree's storied career.
Hugh Jackman, Kate Hudson on "Song Sung Blue"
Hugh Jackman and Kate Hudson are starring in one of this year's most anticipated movies, "Song Sung Blue," which is based on the real-life story of Mike and Claire Sardina. They join "CBS Mornings" to discuss their upcoming roles.
Anthony Geary, "General Hospital" star, dies at age 78
Anthony Geary, who played Luke Spencer on the long-running soap opera "General Hospital," has died.
Technology
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Technology
Local pushback grows against AI data centers
A frenzy of development to support the artificial intelligence boom is prompting pushback from communities who say they don't want data centers in their backyards. Technology journalist Jacob Ward joins CBS News to discuss.
These are the most popular internet services of 2025, as AI gains traction
Global internet traffic rose 19% this year as people rely more on tech for daily communication and entertainment, a new report finds.
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.
How computers in classrooms impact students
Dr. Jared Cooney Horvath, a neuroscientist and director at LME Global, joins "CBS News 24/7 Mornings" to discuss his new book "The Digital Delusion," where he examines the impact of increased reliance on computers in classrooms. Horvath also talks about his recent article in The Free Press, a Paramount publication.
Spotify says it's investigating after thousands of users report outages
Tens of thousands of Spotify users reported outages on Monday, with some saying they had lost access to their playlists.
Science
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Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Crime
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Crime
Police ask public for help on Brown gunman
Police in Providence, Rhode Island, are asking the public for more help as the manhunt continues for the shooter who opened fire at Brown University over the weekend. CBS News' Anna Schecter and Katrina Kaufman report.
Early details on Nick Reiner murder charges
Los Angeles officials announced Tuesday that Nick Reiner will be charged with two counts of first-degree murder for the deaths of his parents, Rob and Michele Reiner. CBS News' Adam Yamaguchi reports on what we know. Then, retired FBI special agent Mary Ellen O'Toole and CBS News legal contributor Caroline Polisi break down the charges.
Nick Reiner being charged with first-degree murder in parents' deaths
Officials in Los Angeles held a news conference about the killings of Rob Reiner and his wife Michele Singer Reiner, who were found dead in their home Sunday.
Brown shooting investigators release "enhanced" footage of person of interest
In several zoomed-in videos police say were captured on the East Side of Providence approximately two hours before the shooting, the person of interest is seen walking on a sidewalk and looking around.
Nick Reiner will not be in court today due to medical reasons, attorney says
Nick Reiner, who is being held in connection with the murder of his parents Rob Reiner and Michele Singer Reiner, will not be in court on Tuesday due to medical reasons, his attorney said.
Space
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Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
"Wet lava ball" exoplanet may have an atmosphere, evidence shows
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA says Maven spacecraft that was orbiting Mars has gone silent
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
Black hole spotted blasting winds at 130 million miles per hour
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
3-man crew undocks from space station, wrapping up 8-month stay
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
"Son of Sam": A serial killer's reign of terror
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Latest CBS News Videos
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Latest CBS News Videos
Trump backs Susie Wiles after Vanity Fair story
President Trump defended White House Chief of Staff Susie Wiles Tuesday in the wake of a shockingly candid interview Wiles did with Vanity Fair. CBS News White House reporter Olivia Rinaldi has more.
Police ask public for help on Brown gunman
Police in Providence, Rhode Island, are asking the public for more help as the manhunt continues for the shooter who opened fire at Brown University over the weekend. CBS News' Anna Schecter and Katrina Kaufman report.
D.C. reporters on Vanity Fair's Trump story
NPR White House correspondent Deepa Shivaram and Juliegrace Brufke, who covers Congress for 24sight News, join CBS News with their reactions to an explosive Vanity Fair report on President Trump's inner circle.
Hegseth: Sept. 2 boat strike video won't be public
Defense Secretary Pete Hegseth said Tuesday that the full video of the controversial September 2 strike against an alleged drug boat will not be released to the public. CBS News congressional correspondent Nikole Killion reports.
GOP Rep. Mike Lawler bashes lack of ACA vote
House Speaker Mike Johnson says he will not hold a vote on a bill extending Obamacare subsidies this week. New York Republican Rep. Mike Lawler joined CBS News with his reaction.