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.
Live
Trump says he's not ready to make a deal with Iran as Gulf countries report new attacks
The war, which shows no signs of ending soon, has upended global air travel, disrupted oil exports from the region and sent fuel prices rising across the world.
Exclusive
U.S. intel shows Iran's late leader was wary of son in power, sources say
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
Iranian foreign minister says "we don't see any reason" to talk with U.S.
Iranian Foreign Minister Abbas Araghchi said that "we don't see any reason why we should talk with Americans" as President Trump has claimed Iran is seeking a deal to end the war between the U.S. and Iran.
Exclusive
FCC Chair Brendan Carr says broadcast licenses are not a "property right"
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
IDF says Michigan synagogue suspect's brother was Hezbollah commander
The Israel Defense Forces said Ibrahim Muhammad Ghazali was responsible for managing weapons operations for the unit within the U.S.-designated terrorist group.
White House proposes new underground visitor screening facility
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
Ukraine waiting on U.S. and Russia to agree on next round of peace talks
Ukrainian President Volodymyr Zelenskyy says he is ready for the next trilateral peace talks with the U.S. and Russia, but the meeting depends on Washington and Moscow.
Norovirus outbreak on Princess cruise ship sickens more than 150 people
More than 150 passengers and crew members on a Princess cruise ship fell ill last week due to an outbreak of norovirus, the Centers for Disease Control and Prevention said.
Trump thanks TSA agents working with no pay amid government shutdown
TSA officers faced their first full missed paycheck Friday.
U.S.
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IDF says Michigan synagogue suspect's brother was Hezbollah commander
The Israel Defense Forces said Ibrahim Muhammad Ghazali was responsible for managing weapons operations for the unit within the U.S.-designated terrorist group.
Iranian foreign minister says "we don't see any reason" to talk with U.S.
Iranian Foreign Minister Abbas Araghchi said that "we don't see any reason why we should talk with Americans" as President Trump has claimed Iran is seeking a deal to end the war between the U.S. and Iran.
Norovirus outbreak on Princess cruise ship sickens more than 150 people
More than 150 passengers and crew members on a Princess cruise ship fell ill last week due to an outbreak of norovirus, the Centers for Disease Control and Prevention said.
Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
2 former federal workers turned their firings into a movement to help others
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
MoneyWatch
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How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Chart shows what you're paying for when you buy a gallon of gas
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
High oil prices are boosting airfares. These tips could save you money.
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
These 2 bills would erase income taxes for millions of Americans
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Toyota recalls 550,000 Highlander SUVs because seats may fail to lock
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
Politics
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Transcript: Sen. Mark Warner on "Face the Nation with Margaret Brennan," March 15, 2026
The following is the transcript of the interview with Sen. Mark Warner, Democrat of Virginia, that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," March 15, 2026
The following is the transcript of the interview with National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
Transcript: Rep. Dan Crenshaw on "Face the Nation with Margaret Brennan," March 15, 2026
The following is the transcript of the interview with Rep. Dan Crenshaw, Republican of Texas, that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
Iranian foreign minister says "we don't see any reason" to talk with U.S.
Iranian Foreign Minister Abbas Araghchi said that "we don't see any reason why we should talk with Americans" as President Trump has claimed Iran is seeking a deal to end the war between the U.S. and Iran.
Transcript: Iranian foreign minister Abbas Araghchi on "Face the Nation with Margaret Brennan," March 15, 2026
The following is the transcript of the interview with Iranian Foreign Minister Abbas Araghchi that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
HealthWatch
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A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Disease once linked to mining hits workers in countertops industry
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
World
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IDF says Michigan synagogue suspect's brother was Hezbollah commander
The Israel Defense Forces said Ibrahim Muhammad Ghazali was responsible for managing weapons operations for the unit within the U.S.-designated terrorist group.
Transcript: Sen. Mark Warner on "Face the Nation with Margaret Brennan," March 15, 2026
The following is the transcript of the interview with Sen. Mark Warner, Democrat of Virginia, that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," March 15, 2026
The following is the transcript of the interview with National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
Transcript: Rep. Dan Crenshaw on "Face the Nation with Margaret Brennan," March 15, 2026
The following is the transcript of the interview with Rep. Dan Crenshaw, Republican of Texas, that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
Iranian foreign minister says "we don't see any reason" to talk with U.S.
Iranian Foreign Minister Abbas Araghchi said that "we don't see any reason why we should talk with Americans" as President Trump has claimed Iran is seeking a deal to end the war between the U.S. and Iran.
Entertainment
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Entertainment
3/15: Sunday Morning
Hosted by Mo Rocca. Featured: Hollywood, the Dream Factory; "Peaky Blinders" actor Cillian Murphy; Marc Jacobs and Sofia Coppola; John Mayer and McG preserve a Hollywood landmark; a Russian schoolteacher's resistance documented in "Mr. Nobody Against Putin"; and a tribute to documentary filmmaker Frederick Wiseman.
A tribute to documentary filmmaker Frederick Wiseman
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
A tribute to documentary filmmaker Frederick Wiseman
Acclaimed filmmaker Frederick Wiseman, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies," "High School," and "Hospital." In an interview with "Sunday Morning" recorded last year, the pioneering Wiseman talked with David Pogue about his unusual production methods aimed at capturing life, in films as funny, sad, and tragic as any fiction film.
"Peaky Blinders: The Immortal Man" star Cillian Murphy on playing complicated characters
The Irish actor, an Oscar-winner for "Oppenheimer," is back in a new film, "Peaky Blinders: The Immortal Man," a follow-up to his hit TV series about a charismatic gangster who rules post-World War I Birmingham, England.
Extended Interview: Cillian Murphy
In this web exclusive, Academy Award-winning actor Cillian Murphy talks with Seth Doane about returning as gangster Tommy Shelby in a new film, "Peaky Blinders: The Immortal Man," a follow-up to the cult TV series. He also talks about how London was a formative city for him; the search for good writing; and "messing around" with music.
Technology
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Technology
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberates in social media trial
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Players Championship start delayed amid manhunt for murder suspect
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Judge in Charlie Kirk murder case makes ruling on media access
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
FBI: Synagogue attacker died by suicide
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials give update on synagogue attack
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
Space
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Space
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
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.
Latest CBS News Videos
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Latest CBS News Videos
Ex-DHS official on counterterrorism model
After two apparent terror attacks in the U.S. this week and rising energy prices, former CIA executive and operative Jonathan Gannon, CBS News national security contributor and Biden administration top counterterrorism official Sam Vinograd and energy policy expert and analyst Kevin Book join "Face the Nation with Margaret Brennan" to discuss.
Crenshaw on Marine deployment to Middle East
Rep. Dan Crenshaw, a retired Navy SEAL, told "Face the Nation with Margaret Brennan" that Americans should take the sending of 5,000 more Marines to the Middle East "as boots on the ground deployment, especially with only 5,000 troops."
3/15: Sunday Morning
Hosted by Mo Rocca. Featured: Hollywood, the Dream Factory; "Peaky Blinders" actor Cillian Murphy; Marc Jacobs and Sofia Coppola; John Mayer and McG preserve a Hollywood landmark; a Russian schoolteacher's resistance documented in "Mr. Nobody Against Putin"; and a tribute to documentary filmmaker Frederick Wiseman.
Hassett on Iran war funding
White House National Economic Council Director Kevin Hassett told "Face the Nation with Margaret Brennan" that so far, the war with Iran has cost $12 billion, adding that "right now, we've got what we need" on funding as lawmakers are preparing for a possible supplemental funding request from the White House.
Open: "Face the Nation," March 15, 2026
This week on "Face the Nation with Margaret Brennan," amid new strikes from Israel and Iran in the Middle East, Margaret Brennan speaks to Iranian Foreign Minister Abbas Araghchi and Trump economic adviser Kevin Hassett. Plus, Rep. Dan Crenshaw and Sen. Mark Warner join.