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.
Inflation
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.
Job market cools but remains resilient, report shows
The U.S. added 206,000 new jobs in June, marking a slight cooling in the labor market, but still a sign that hiring remains strong. Michael George has more on what this could mean for interest rates moving forward.
What to look for in the U.S. government's June jobs report
Forecasters expect job numbers on Friday to show slower hiring in June, clearing the way for the Fed to cut interest rates later this year.
Voters explain how they're making 2024 pick
CBS News polls consistently show that democracy and the American Dream itself are on the ballot this November, but why do voters think that? And how do their personal lives shape their views on our national conversations? CBS News executive director of elections and surveys Anthony Salvanto spoke with people from across America, including some who participated in our polls, to find out.
Voters who reject labels discuss 2024 race
In Independence, Oregon, members of one family of voters are pushing back on the idea of political labels. CBS News executive director of elections and surveys Anthony Salvanto spoke with them about their views on the 2024 election.
Voters sound off on inflation
Many Americans say for the last couple of years, their finances either haven't changed or have gotten worse, according to CBS News polling. CBS News executive director of elections and surveys Anthony Salvanto spoke with George Fleur, a landscaper in Shohola, Pennsylvania, and Taliah Ayers, a caregiver in Atlanta, Georgia, about how inflation is playing a role in their 2024 presidential pick.
Houses becoming unaffordable for most
New data shows a growing portion of the U.S. has become unaffordable for home buyers. Meanwhile, insurance companies are backing out of some places because of extreme weather. CBS News contributor Javier David discusses the numbers.
Inflation measure preferred by Fed shows cooling prices
The better-than-expected PCE data is increasing expectations that the Fed could cut rates in September, analysts said.
Issues that could come up at 1st 2024 debate
President Biden and former President Donald Trump are expected to tackle several issues important to voters during Thursday night's debate. CBS News' Jo Ling Kent, Camilo Montoya-Galvez and Shawna Mizelle walk through some of them.
New poll on youngest voter turnout
About a third of U.S. voters ages 18-29 say they are not planning to vote in the 2024 election, according to a CBS News poll. Caitlin Huey-Burns spoke to some young voters about their plan to sit this election out.
Americans frustrated with economy
Inflation showed signs of cooling and both stock indexes and corporate profits are up. But many Americans aren't feeling any economic relief. Mark Strassmann looks at why.
Voters feeling frustrated with inflation
The latest CBS News poll found that 72% of Americans say higher prices have been a hardship or more difficult, and 63% rate the economy as fairly bad or very bad. Mark Strassmann on how voters are feeling amid the signs that inflation is cooling — but not fast enough for many Americans.
These 5 U.S. cities have been hit hardest by inflation
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
The state of inflation in the U.S.
There are some indications that prices are falling in some parts of the U.S. economy. This comes after the Federal Reserve's announcement to hold interest rates steady for now. CBS News contributor Javier E. David looks at some key economic indicators as inflation slows slightly.
Inflation eases as Fed holds rates steady
The Federal Reserve left interest rates unchanged Wednesday after the government announced consumer prices in May rose 3.3% year over year. The central bank has been hesitant to cut rates due to inflation. Ben Casselman, economy reporter for The New York Times, joins CBS News to unpack the data.
The Fed expects only one rate cut this year amid sticky inflation
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
Federal Reserve holds interest rates steady
The Federal Reserve is leaving interest rates unchanged for now as it awaits a more sustained period of declining inflation in the U.S. economy. CBS News contributors J.D. Durkin and Javier E. David break down the decision.
Inflation eases in May, some prices rise
The Federal Reserve is meeting again to determine if interest rates should remain steady or be altered. The latest data by the Department of Labor shows inflation cooled slightly in May but some consumer prices, including for shelter and food, continued to rise. CBS News' Jo Ling Kent has more.
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 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.
Live
Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
More tankers are transiting the Strait of Hormuz after 111 days of gridlock, but Iran and the U.S. still have much to discuss.
Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
How Trump's memo of understanding with Iran compares to Obama nuclear deal
The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.
Ukraine drone strike hits major Russian oil refinery near Moscow
Ukraine's Zelenskyy says after second major strike on Russian oil refinery that unless Putin stops his war, "Moscow will burn."
This law firm has deep ties to Trump. Now a partner is his pick for a top job.
Jamie McDonald, a partner at the firm Sullivan & Cromwell, is President Trump's choice to helm one of the nation's most prestigious federal prosecutors' offices.
Read the 14 points of the agreement between Iran and the U.S.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
Live
Live Updates: Knicks celebrate championship win with parade in NYC
The New York Knicks are being honored with a ticker-tape parade at 10 a.m. Thursday through the Canyon of Heroes in Lower Manhattan.
Tornadoes tear through Illinois, Iowa as severe weather roils Midwest
Confirmed tornadoes were reported in Illinois and Iowa Wednesday as severe weather brought the risk of thunderstorms and prompted a flurry of tornado warnings for a large swath of the Midwest.
1,200-year-old Robin Hood oak tree in Sherwood Forest has died, group says
A massive ancient oak tree linked to the legend of Robin Hood may have been loved to death.
U.S.
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Supreme Court sides with man who challenged law barring drug users from having guns
The Supreme Court on Thursday ruled in favor of a Texas man who challenged a federal law that bars certain drug users from having firearms.
Intel shares leap after Trump announces chip deal with Apple
In a social media post, President Trump touted the U.S.' 10% stake in Intel, noting that it is now worth $60 billion.
Trump upends Senate GOP's plans once again with nomination demands
A number of poorly timed announcements have forced Senate Republicans to squander carefully laid plans, exposing a widening rift within the party.
Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
Live
Live Updates: Knicks celebrate championship win with parade in NYC
The New York Knicks are being honored with a ticker-tape parade at 10 a.m. Thursday through the Canyon of Heroes in Lower Manhattan.
MoneyWatch
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Intel shares leap after Trump announces chip deal with Apple
In a social media post, President Trump touted the U.S.' 10% stake in Intel, noting that it is now worth $60 billion.
Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
Social Security faces looming benefit cuts. Can the program be saved?
Social Security checks could see a 22% cut in 2032 unless Congress takes steps to shore up the program. Here are 5 ideas for fixing it.
Want to start a business? AI can help, business owners say
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
Politics
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Supreme Court sides with man who challenged law barring drug users from having guns
The Supreme Court on Thursday ruled in favor of a Texas man who challenged a federal law that bars certain drug users from having firearms.
Trump upends Senate GOP's plans once again with nomination demands
A number of poorly timed announcements have forced Senate Republicans to squander carefully laid plans, exposing a widening rift within the party.
Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
Knicks accepted invitation to visit Trump at White House, Dolan says
The New York Knicks are planning to visit the White House, owner James Dolan said Wednesday, marking a first for an NBA Finals winner during President Trump's time in office.
How Trump's memo of understanding with Iran compares to the Obama nuclear deal
The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.
HealthWatch
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HealthWatch
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
Ebola outbreak still spreading in Congo: "We are missing cases"
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
American doctor who recovered from Ebola back in U.S., says he's "feeling well"
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
World
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Ukraine drone strike hits major Russian oil refinery near Moscow
Ukraine's Zelenskyy says after second major strike on Russian oil refinery that unless Putin stops his war, "Moscow will burn."
1,200-year-old Robin Hood oak tree in Sherwood Forest has died, group says
A massive ancient oak tree linked to the legend of Robin Hood may have been loved to death.
Live
Strait of Hormuz traffic ramps up in wake of U.S.-Iran deal signing
More tankers are transiting the Strait of Hormuz after 111 days of gridlock, but Iran and the U.S. still have much to discuss.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
How mistrust and war are fueling a deadly Ebola outbreak
Efforts to stop Central Africa's deadly Ebola outbreak face widespread mistrust and porous borders in a war zone.
Entertainment
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Entertainment
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Extended interview: Myles Smith
British singer-songwriter Myles Smith talks to Anthony Mason about his much-anticipated debut album, "My Mess, My Heart, My Life," growing up in London, his rapid rise to stardom and more.
CBS to host "The Great American Block Party 250" special on July 4
CBS will host a primetime special celebrating America's 250th birthday on Saturday, July 4, with exclusive performances and the largest fireworks show in history.
CBS to host America 250 special on July 4
"CBS Evening News" anchor Tony Dokoupil and "Entertainment Tonight" co-host Nischelle Turner will host "The Great American Block Party 250," a primetime special on July 4 celebrating America's 250th birthday from Washington, D.C.
Technology
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Technology
Americans on AI's future impact
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
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.
Inside an Irish town raising kids without smartphones
When parents and educators in Greystones, Ireland saw children dealing with increasing anxiety, they acted – and took phones out of the equation.
Australia's social media ban, 6 months later
Six months after Australia implemented the world's first-ever social media ban for kids under 16, South Australia Premier Peter Malinauskas joins "The Daily Report" to discuss the changes he's seen among teens.
Science
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Science
Watch: Pentagon releases 6 new UFO videos
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Goblin shark seen alive in natural deep-sea habitat for the first time
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Crime
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Crime
Ex-police commissioner on Heuermann sentence
The Long Island architect who lived a secret life as the Gilgo Beach serial killer was sentenced to life in prison without parole on Wednesday. Former Suffolk County Police Commissioner Rodney Harrison, who formed the task force that ultimately led to Rex Heuermann's arrest, joins with analysis.
Gilgo Beach serial killer sentenced
In a Long Island courtroom Wednesday, Rex Heuermann received three life sentences for choking and dismembering eight women, most of them in his basement, over the course of more than 15 years. The 62-year-old addressed the court before he was sent away. Tom Hanson reports.
Inside Gilgo Beach killer's sentencing hearing
A judge on Wednesday sentenced Gilgo Beach serial killer Rex Heuermann to life in prison without parole. CBS News New York's Jennifer McLogan was in the courtroom and joins with details.
Heuermann addresses court as he's sentenced
Rex Heuermann was sentenced to life in prison without parole Wednesday after pleading guilty to a series of murders known as the Gilgo Beach serial killings. Heuermann spoke at the hearing where the sentence was handed down. CBS News' Shanelle Kaul reports.
Rex Heuermann sentenced to life in prison
Rex Huermann, the man who pleaded guilty to a series of murders known as the Gilgo Beach serial killings, has been sentenced to life in prison without the possibility of parole. CBS News' Shanelle Kaul reports.
Space
More Space
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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?
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
More Latest CBS News Videos
Latest CBS News Videos
Americans on AI's future impact
A Pew survey shows 40% of Americans think AI's future impact will be negative. MIT Sloan professor Eric So joins CBS News with more details.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Why didn't Clayton testify?
President Trump announced Wednesday that federal prosecutor Jay Clayton would not be testifying before a Senate panel of lawmakers for his confirmation process to be the director of national intelligence. CBS News' Taurean Small reports.
Shocking draw in World Cup match
All 48 teams in the FIFA World Cup have played their opening matches. Portugal and Cristiano Ronaldo only got a draw against Congo, who played in its first World Cup match since 1974. Meanwhile, Harry Kane led England to a win over Croatia.
Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.