Consumers saying "enough's enough" is helping to tame inflation
The great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.
Inflation
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
U.S. hiring slows as unemployment rate ticks up
The U.S. added just 114,000 jobs in July, below expectations, the Labor Department reported Friday, while the unemployment rate rose to 4.3%. Jo Ling Kent examines what is behind the slowdown.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
Recession fears after new data
Disappointing July jobs data could bring about fears of a potential recession as Americans navigate a period of inflation in the U.S. economy. CBS News contributor Javier E. David breaks down the signals to look out for as the markets react to the latest numbers.
Fed chair defends holding off on rate cuts
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.
Federal Reserve holds interest rates steady
The Federal Reserve left the benchmark federal funds rate unchanged Wednesday. Experts still believe the Fed's September meeting could lead to cuts. CBS News business analyst Jill Schlesinger and CBS News contributor Javier David break down the decision.
Federal Reserve decision coming
The Federal Reserve will announce a decision Wednesday on potential interest rate cuts as inflation appears to cool. CBS News contributor Javier E. David has more on what economists expect.
Can Harris maintain 2024 race momentum?
Vice President Kamala Harris revived enthusiasm among Democrats hoping to win congressional races and the White House in November. A potential vice president pick announcement ahead, news about the inflation cooling and shifts in some battleground states could help Harris maintain momentum. Tom LoBianco, a national politics reporter for 24sight News, joins CBS News with more on the 2024 race.
Rents are cooling off, bolstering Fed's case for cutting rates
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Economic growth accelerates in 2nd quarter
The Commerce Department says the nation's gross domestic product, or GDP, rose at an annual rate of 2.8% from April through June. That's more than the 1.9% rate economists had expected for the second quarter. Jeff Stein, White House economics reporter for The Washington Post, joins CBS News to explain what the GDP growth says about the economy, and how the Federal Reserve could read the data.
Chipotle customers were right — some restaurants were skimping, CEO says
Chipotle CEO Brian Niccol said the company is addressing portion sizes after finding 10% of its locations were skimping.
U.S. economy grew 2.8% last quarter as growth hit the gas
Consumer spending helped drive growth despite cost-of-living expenses that have spiked across the country.
Trump's plan to tackle inflation could cause price spikes, experts say
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
Examining causes of Americans' economic anger
According to most voters, the state of the U.S. economy is a widespread problem. Neil Malhotra, professor of political economy at the Stanford University Graduate School of Business, joins CBS News to discuss what's fueling so many Americans' anger, and what policies may fix it.
How the RNC will focus on the economy
Speakers at this week's Republican National Convention are expected to highlight inflation and affordability as they make their case against President Biden's reelection. CBS News contributor Javier David has more.
Inflation may be cooling, but car insurance rates are revving up. Here's why.
Auto insurance has gone up 19.5% since June of last year, according to the latest Consumer Price Index data. The reason? Getting T-boned by inflation.
How Project 2025 would impact U.S. tax code
Project 2025, the plan from the conservative think tank Heritage Foundation, aims to overhaul several portions of the federal government. Some of the proposed changes include a restructuring of the tax code. Howard Gleckman, senior fellow at the Urban Institute, joins CBS News to examine the plan's potential impacts and practicality.
The story of 2 American economies
Two major stock indexes, the S&P 500 and Dow Jones Industrial Average, are up over 15% compared to a year ago. Financial analysts point to this as an example of the U.S. economy's health, but the benefits are not accessible to all Americans. CBS News' Lindsey Reiser explains.
Inflation slows more than expected in June
Labor Department data released Thursday showed the annual inflation rate cooled from 3.3% in May to 3% in June. That's lower than the 3.1% rate some economists had projected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to unpack the report.
What to make of the latest inflation numbers
Inflation slowed in June more than expected, according to the latest CPI report. CBS News contributor Javier E. David breaks down the numbers and what they might mean for interest rates.
In a boost for consumers, U.S. inflation is cooling fast
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
Inflation cools more than expected in June
The latest CPI report shows inflation came down 0.1% in June, putting the rate over the past year at 3%, slightly lower than economists predicted. CBS News business analyst Jill Schlesinger has more on if the report could spark an interest rate cut from the Federal Reserve.
Live
U.S. and Iran exchange fire again as Trump seeks "good deal or no deal"
Iran says 4 people were killed in what the U.S. military describes as "self-defense strikes," but Rubio says a deal is still possible despite the clash.
Here's what to watch for in the Texas primary runoff election today
Sen. John Cornyn is facing off against Texas Attorney General Ken Paxton, who received President Trump's endorsement.
Trump heading to Walter Reed for "routine annual dental and medical assessments"
The White House announced the visit earlier this month.
4 people killed as train slams into school minibus in Belgium
Authorities in Belgium say a train slammed into a school minibus at a crossing in the town of Buggenhout, killing at least 4 people including 2 children.
North Korea fires ballistic missile, other weapons toward sea, South says
North Korea launched multiple short-range ballistic missiles toward the sea, South Korea's military said, the latest in a series of weapons demonstrations by Pyongyang this year.
South Korean Starbucks boss apologizes for ad campaign that evoked massacre
South Korean Starbucks' boss issued another apology as Starbucks' local operation faced a backlash over a marketing campaign widely perceived as mocking victims of a bloody military crackdown in1980.
Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
AG requests to resume ballroom construction, citing latest shooting
Attorney General Todd Blanche said the ballroom is "being constructed for the physical safety and security of all Presidents, their families, staff, Foreign Dignitaries, and guests."
Threat of massive blast "eliminated" for California chemical leak, officials say
California crews conducted an overnight operation at the Orange County site of a chemical leak in Garden Grove and said Monday that the threat of an explosion had been "eliminated" and was "off the table."
U.S.
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Here's what to watch for in the Texas primary runoff election today
Sen. John Cornyn is facing off against Texas Attorney General Ken Paxton, who received President Trump's endorsement.
Trump heads to Walter Reed for "routine annual dental and medical assessments"
The White House announced the visit earlier this month.
Sonny Rollins, trailblazing jazz saxophonist, dies at age 95
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Wander Franco found criminally responsible for abusing minor, avoids jail time
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
1,500 strangers attend WWII veteran's funeral
Veterans service officer Terrance O'Keefe put out a call from Massachusetts for a World War II veteran who needed a proper hero's send-off. When he arrived at the funeral, a line was already out the church door.
MoneyWatch
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Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
South Korean Starbucks boss apologizes for ad campaign that evoked massacre
South Korean Starbucks' boss apologized again as it faced a backlash over a marketing campaign widely seen as mocking victims of a bloody military crackdown in 1980.
Buying a car? Here are some tips to save money.
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
What's open and closed for Memorial Day 2026?
Most retail stores will be open for business on Memorial Day, while post offices will be closed. Here's what to know.
AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
Politics
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Here's what to watch for in the Texas primary runoff election today
Sen. John Cornyn is facing off against Texas Attorney General Ken Paxton, who received President Trump's endorsement.
Trump heads to Walter Reed for "routine annual dental and medical assessments"
The White House announced the visit earlier this month.
Here's what the draft memo for a proposed deal with Iran includes
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
AG requests to resume ballroom construction, citing latest shooting
Attorney General Todd Blanche said the ballroom is "being constructed for the physical safety and security of all Presidents, their families, staff, Foreign Dignitaries, and guests."
DOJ says it scrubbed news releases about Jan. 6 criminal cases from its website
The Justice Department acknowledges it has removed from its website news releases about criminal cases related to the Jan. 6, 2021 riot, calling the information "partisan propaganda."
HealthWatch
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Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about the chemical tank in California that forced evacuations
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Teen's mystery illness solved: "It took 18 years to get an answer"
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
World
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Iran hangs man over alleged spying for Israel as executions mount
Iran's judiciary described Gholamreza Khani Shakarab as "one of the operational ringleaders of Mossad abroad."
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Live
U.S. and Iran exchange fire again as Trump seeks "good deal or no deal"
Iran says 4 people were killed in what the U.S. military describes as "self-defense strikes," but Rubio says a deal is still possible despite the clash.
New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
South Korean Starbucks boss apologizes for ad campaign that evoked massacre
South Korean Starbucks' boss apologized again as it faced a backlash over a marketing campaign widely seen as mocking victims of a bloody military crackdown in 1980.
Entertainment
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Entertainment
Extended interview: Josh Johnson
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
Sonny Rollins, trailblazing jazz saxophonist, dies at age 95
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
American Music Awards air tonight with star-studded performances
The American Music Awards celebrate fan favorites in the music world and feature performances from multiple artists.
Extended interview: Patti LaBelle
It's been some 50 years since Patti LaBelle first sang her hit song "Lady Marmalade." As she marks her 82nd birthday, LaBelle talks to correspondent Tracy Smith about her career and what's next.
5/24: Sunday Morning
Hosted by Lee Cowan. Featured: Concours d'LeMons, Iranian propaganda, Patti LaBelle.
Technology
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Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
CBS News poll finds most doubt government will ensure AI used appropriately
Amid concern about AI taking jobs, people see a range of motives by AI companies.
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.
Ring founder on the Fire Watch feature
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
Stanford student on how AI impacted his class
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Wander Franco found criminally responsible for abusing minor, avoids jail time
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
Latest on shooting near White House
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.
Suspects wanted by FBI for robbing athletes' homes arrested in Chile
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
Husband convicted of hiring hitman to kill NYC art dealer in Brazil
Daniel Sikkema faces a mandatory sentence of life in prison. Brent Sikkema was stabbed to death in his Rio de Janeiro townhouse in 2024.
Space
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China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
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
Extended interview: Josh Johnson
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
The history of Memorial Day
In celebrations throughout the country, communities honored the lives of fallen U.S. service members. Jericka Duncan takes a look at the history of Memorial Day.
Remembering Paul Douglas and James Brolan
On this Memorial Day, we remember CBS News cameraman Paul Douglas and soundman James Brolan, who were killed 20 years ago by a car bomb in Iraq.
Inside the U.S. military's war games using AI
The U.S. military has been using artificial intelligence to process battlefield intelligence in real time. Chris Livesay observes a U.S. military training exercise in Morocco that's being shaped by AI.
High gas prices, storms hamper Memorial Day
Millions of drivers hit the road for a record-breaking Memorial Day travel weekend despite high gas prices. Meanwhile, three days of relentless rain in the northeast U.S. hampered travel plans. Skyler Henry has more.