Americans are spending more on food than they have in 3 decades
The high cost of food both at home and in restaurants continues to be a sore spot for millions of U.S. households.
Inflation
Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
U.S. food prices at 30-year high
Even though economic reports show inflation is letting up, Americans are spending more on food than they have in three decades, according to new data from the Labor Department. Restaurants and food company executives are blaming labor and production costs. Jesse Newman, food reporter for The Wall Street Journal, joined CBS News to discuss the high prices.
S&P 500, Dow rally to new records after Nvidia's earnings report
Nvidia's stock price surged after delivering another blowout quarter, setting off a rally in other tech stocks that carried Wall Street to another record high.
What's driving inflation right now?
The producer price index jumped by 0.3% in January, according to a U.S. Department of Labor report released on Friday. The data is fueling concerns that the stubbornly high inflation rate may not be going away anytime soon. Lori Bettinger, president of a network of community banks known as BancAlliance, joins CBS News to break down the findings.
Inflation concerns loom in election year
As voter anxiety over the economy intensifies this presidential election year, inflation remains high at 3.1% year-over-year, despite a significant reduction. Treasury Secretary Janet Yellen talks to CBS News about the Biden’s administration's strategy in an exclusive interview.
As inflation cools, workers "are getting ahead," Treasury's Yellen says
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
Janet Yellen discusses inflation, U.S. economy
Treasury Secretary Janet Yellen sat down with Jo Ling Kent in the battleground state of Michigan for an exclusive interview about the concerns many Americans continue to have about high prices. This comes after inflation rose again in January at a higher rate than expected.
The impact of inflation
Following new cost of living data revealing a slower-than-anticipated cooling in inflation and with the Consumer Price Index up 3.1% from the previous year, stocks faced significant losses. CBS News business analyst Jill Schlesinger talks about what’s driving these numbers.
Here's when experts think the Fed could start cutting interest rates
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
Stocks tumble after hot inflation report
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
Tips for those with student loans
Student loan payments resumed last fall, and for millions, the added bill combined with stubborn inflation makes for a difficult financial burden. One expert gives tips and advice that may help reduce costs. Nancy Chen reports.
Inflation didn't drop as expected
Although the rate of inflation still appears to be declining, in January it did not cool as targeted. Heather Boushey, a member of President Biden's Council of Economic Advisers, joins CBS News with the administration's reaction to the fresh data.
Here's why food prices, from steak to fast-food meals, are still rising
Higher food prices partly caused the hotter-than-expected inflation report. Getting pinched at the grocery store is souring Americans on the economy.
Inflation hotter than expected in January
January's Consumer Price Index showed a slightly higher increase in prices than economists had predicted, rising 3.1% from a year earlier. CBS News business analyst Jill Schlesinger has a breakdown of the numbers.
Inflation ran hotter than expected in January
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Federal Reserve Chair Jerome Powell discusses interest rate cut timeline
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Fed Chair Jerome Powell shares why Fed hasn't yet cut interest rates
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
Chairman Powell I Sunday on 60 Minutes
There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.
Why January's jobs report is a big surprise
The U.S. economy added 353,000 jobs in January, according to the Labor Department's first jobs report of the year. Daniel Zhao, the lead economist at Glassdoor, joins CBS News with a look at the surprising data.
Presidential candidates address housing costs
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
When will the Fed cut interest rates?
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
Why the Fed is holding interest rates steady
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
Here's what to know about the Fed's first rate meeting of 2024
The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
Regional banks try to combat low earnings
Regional banks are seeing steep drops in their 2023 fourth quarter profits after avoiding a crisis last year as inflation persisted. Gina Heeb, a Wall Street Journal reporter, joins CBS News with her take on the regional banking outlook.
Brown University shooting suspect found dead, also killed MIT professor, officials say
The Brown University shooting suspect was found dead in a storage unit in New Hampshire. Authorities believe he is also responsible for killing an MIT professor.
Noem says Brown suspect got U.S. visa through diversity lottery, pauses program
Secretary of Homeland Security Kristi Noem said late Thursday the Trump administration will pause the diversity visa lottery program, which she said was used by alleged Brown University shooter Claudio Manuel Neves Valente.
"Fraud tourists" went to Minnesota to make money off state programs, prosecutors say
Federal prosecutors announced new indictments Thursday in the widening Minnesota fraud scandal, this time involving two Philadelphia-based men accused of traveling to the state.
House Democrats release 68 more photos from Epstein estate
Democrats on the House Oversight Committee have released a new batch of 68 photos obtained from Jeffrey Epstein's estate. Follow live updates here.
U.S. strikes 2 more alleged drug boats, bringing total death count to over 100
The U.S. military says it struck two more alleged drug-carrying boats on Thursday, bringing the total death toll from the Trump administration's monthslong campaign to upwards of 100.
Retired NASCAR driver Greg Biffle and wife, kids among 7 killed in plane crash, officials say
Seven passengers aboard a business jet that crashed Thursday at a regional airport in North Carolina have died, the State Highway Patrol said.
TikTok signs deal for sale of U.S. operations to American investors
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
What we know about the suspect in the Brown and MIT professor shootings
Officials say the same gunman who opened fire at Brown University also killed an MIT professor two days later. Here's what we know about the suspect, who was found dead Thursday night.
Kathy Bates says Rob Reiner "changed the course of my life" with "Misery" role
Kathy Bates rose to prominence with her Oscar-winning breakout role in Rob Reiner's adaptation of Stephen King's "Misery" in 1990.
U.S.
More U.S.
Noem says Brown suspect got U.S. visa through diversity lottery, pauses program
Secretary of Homeland Security Kristi Noem said late Thursday the Trump administration will pause the diversity visa lottery program, which she said was used by alleged Brown University shooter Claudio Manuel Neves Valente.
What we know about the suspect in the Brown and MIT professor shootings
Officials say the same gunman who opened fire at Brown University also killed an MIT professor two days later. Here's what we know about the suspect, who was found dead Thursday night.
Kathy Bates says Rob Reiner "changed the course of my life" with "Misery" role
Kathy Bates rose to prominence with her Oscar-winning breakout role in Rob Reiner's adaptation of Stephen King's "Misery" in 1990.
Brown University shooting suspect found dead, also killed MIT professor, officials say
The Brown University shooting suspect was found dead in a storage unit in Salem, New Hampshire. Authorities believe he is also responsible for killing an MIT professor.
This week on "Sunday Morning" (Dec. 21)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
MoneyWatch
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TikTok signs deal for sale of U.S. operations to American investors
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
Instacart to pay $60M in refunds over allegations it deceived customers
Instacart's "unlawful tactics" hurt shoppers and raised the cost of groceries, according to the FTC.
Trump announces "warrior dividend" for military. Here's what to know.
The president announced the one-time payments during his White House address on Wednesday. Here's what to know about timing, taxes and more.
Small businesses face affordability crunch as tariff and other costs rise
Some small business owners say they're struggling to stay afloat because of higher tariff, health insurance and energy costs.
CPI report shows the inflation rate rose at a 2.7% pace in November
Economists had expected CPI to rise at an annual rate of 3% last month.
Politics
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Noem says Brown suspect got U.S. visa through diversity lottery, pauses program
Secretary of Homeland Security Kristi Noem said late Thursday the Trump administration will pause the diversity visa lottery program, which she said was used by alleged Brown University shooter Claudio Manuel Neves Valente.
U.S. strikes 2 more alleged drug boats, bringing total death count to over 100
The U.S. military says it struck two more alleged drug-carrying boats on Thursday, bringing the total death toll from the Trump administration's monthslong campaign to upwards of 100.
Exclusive
Trump administration pauses immigration cases for people from another 20 countries
The U.S. government has expanded a sweeping pause on legal immigration applications to include those filed by people from an additional 20 countries, a U.S. official told CBS News.
Milwaukee judge found guilty of obstruction after allegedly helping migrant evade arrest
A jury convicted a Milwaukee judge on one count of felony obstruction Thursday, the Associated Press reported, after she was accused of helping a man who was in the U.S. illegally evade federal immigration authorities.
TikTok signs deal for sale of U.S. operations to American investors
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
HealthWatch
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Trump administration unveils proposals to cut off transgender care for minors
The proposals run counter to the recommendations of most major U.S. medical organizations.
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.
World
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TikTok signs deal for sale of U.S. operations to American investors
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
Witkoff to meet with Kremlin envoy in Miami on U.S. peace plan for Ukraine
A U.S. official says a Kremlin envoy will travel to Florida to discuss a U.S.-proposed plan to end the war in Ukraine.
Texas rabbi shot trying to help faces long recovery after Australia attack
As the youngest Bondi Beach shooting victim is mourned, a Texas couple tell CBS News about their "quick thinking" son's bid to intervene, and his road to recovery.
Teen inmate captured weeks after escaping prison with bedsheets
The inmate and another detainee fled an overcrowded jail after sawing through their cell bars with blades that investigators suspect were delivered by drone.
China fumes as White House announces record $10B in arms sales to Taiwan
The Trump administration's announcement of plan to sell Taiwan a record $10 billion worth of weapons draws an angry response from China.
Entertainment
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Kathy Bates says Rob Reiner "changed the course of my life" with "Misery" role
Kathy Bates rose to prominence with her Oscar-winning breakout role in Rob Reiner's adaptation of Stephen King's "Misery" in 1990.
Jelly Roll pardoned by Tennessee governor for robbery, drug convictions
Jelly Roll had said a pardon would make it easier for him to travel internationally for concert tours and to perform Christian missionary work without requiring burdensome paperwork.
Gloria Gaynor on how "I Will Survive" empowered her through a dark time
Gloria Gaynor told "CBS Mornings" her hit 1978 song gave her hope during one of the most difficult periods of her life.
Neil Patrick Harris talks new game show
Neil Patrick Harris says he's always loved game shows. He talks to "CBS Mornings" about how his passion started during his childhood and what it's like now hosting his own game show, "What's in the Box."
How Gloria Gaynor became the queen of disco
Gloria Gaynor's 1978 hit "I Will Survive" has been a motivational anthem for decades. The "Queen of Disco," a 2025 Kennedy Center Honoree, spoke to "CBS Mornings" about how the iconic song changed her outlook on life.
Technology
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Instacart to pay $60M in refunds over allegations it deceived customers
Instacart's "unlawful tactics" hurt shoppers and raised the cost of groceries, according to the FTC.
Helping teens develop healthy phone habits
Helping teens develop healthy habits around social media use and screen time is important when they first receive a smartphone. Pediatric psychologist Ann-Louise Lockhart, an Instagram brand spokesperson and author of the new book "Love the Teen You Have," joins "CBS Mornings" to share some advice and tools, such as Instagram Teen Accounts, that parents can use to help their teens. For more information on Instagram Teen Accounts, visit familycenter.meta.com. (Sponsored by Instagram)
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 artificial intelligence grew in 2025
In 2025, the integration of artificial intelligence into the U.S. economy and people's everyday lives grew to historic levels. CBS News senior business and technology correspondent Jo Ling Kent joins to recap how the transformative technology expanded over the past year, and what we can expect in 2026.
OpenAI, Amazon in talks over $10B investment
OpenAI, the developer for ChatGPT, and Amazon are in talks over a possible $10 billion investment. Mark DeCambre, editor-in-chief for MarketWatch, joins with more.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
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.
Crime
More Crime
What we know about the suspect in the Brown and MIT professor shootings
Officials say the same gunman who opened fire at Brown University also killed an MIT professor two days later. Here's what we know about the suspect, who was found dead Thursday night.
Officials: Brown shooter killed MIT professor
The gunman behind the shooting at Brown University also killed an MIT professor on Monday, according to Leah Foley, U.S. attorney for the District of Massachusetts. See Foley's full remarks from Thursday night.
Brown University shooting suspect found dead
The suspect in the Dec. 13 mass shooting on the campus of Brown University was found dead in a storage unit in Salem, New Hampshire, Thursday night. Jessi Mitchell anchored CBS News' special report.
New Hampshire search connected to Brown shooting
Police searched an area in Salem, New Hampshire, Thursday night in connection with the recent killings at Brown University and MIT, sources told CBS News Boston. CBS News' Katrina Kaufman reports and retired FBI special agent and profiler Mary Ellen O'Toole joins with analysis.
New Hampshire search connected to Brown shooting
Police are searching an area in Salem, New Hampshire, in connection with the Brown University mass shooting and the killing of the MIT professor, sources told CBS News Boston. CBS News Boston's Penny Kmitt reports and Jeff Harp, retired FBI assistant special agent in charge, joins with analysis.
Space
More Space
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
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.
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
The Uplift: Made with love
Visit a Uyghur restaurant in Southern California, where culture is shared and the food is made with love. Plus, a man who wanted to save his friends life by donating a kidney ends up saving his own life.
Officials: Brown shooter killed MIT professor
The gunman behind the shooting at Brown University also killed an MIT professor on Monday, according to Leah Foley, U.S. attorney for the District of Massachusetts. See Foley's full remarks from Thursday night.
Brown University shooting suspect found dead
The suspect in the Dec. 13 mass shooting on the campus of Brown University was found dead in a storage unit in Salem, New Hampshire, Thursday night. Jessi Mitchell anchored CBS News' special report.
Breaking down the November CPI report
Geoeconomics correspondent Erin Delmore joins CBS News to discuss the latest numbers on inflation.
New Hampshire search connected to Brown shooting
Police searched an area in Salem, New Hampshire, Thursday night in connection with the recent killings at Brown University and MIT, sources told CBS News Boston. CBS News' Katrina Kaufman reports and retired FBI special agent and profiler Mary Ellen O'Toole joins with analysis.