U.S. inflation higher than expected in December as food and rent rise
Upticks signal a longer wait for rate cuts as the Federal Reserve's war against inflation isn't won just yet.
Inflation
White House quiet on Hunter Biden appearances
The White House is being pressed on Hunter Biden, who pleaded not guilty to nine federal tax charges Thursday. CBS News chief White House correspondent Nancy Cordes has the latest.
Inflation uptick reflects U.S. economic struggles
Inflation grew at an annual rate of 3.4% in December, higher than economists had predicted. The increase could impact whether the Federal Reserve chooses to lower interest rates. Higher prices and mortgage rates have also left many Americans struggling. Jo Ling Kent has more.
Inflation up more than expected in December
Inflation rose at a faster pace than expected last month as the Consumer Price Index increased by 0.3 of a percent in December. Unemployment claims dropped by 1,000 for the week ending Jan. 6. CBS News contributor Javier David has a look at the numbers.
Breaking down stock market's 1st week of 2024
The Dow Jones, NASDAQ and S&P 500 all closed relatively flat on the first Friday of 2024. Javier David, Axios managing editor for business and markets, and Kristin Myers, editor-in-chief and senior vice president of ETF.com, join CBS News to recap the week on Wall Street.
How to overcome financial stress in 2024
A new survey finds that Americans have financial success on their minds for their goals in the new year. It also reveals that personal finances are overwhelming and stressful to many people. CBS News business analyst Jill Schlesinger joins to lay out strategies that may help you balance the books in 2024.
Eurozone ends 2023 with rising inflation
New data shows consumer prices climbed higher across the eurozone in the final month of 2023. Ann Berry, founder of Threadneedle Ventures, joins CBS News to discuss what's driving the rise, and what it could mean for the U.S. economy.
Carrefour pulls Doritos and other PepsiCo products from shelves
The global supermarket chain will stop selling popular items like Doritos, Quaker Oats, Lipton tea and Pepsi soda in France, Belgium, Spain and Italy.
Why England's junior doctors are on strike
England's junior doctors have walked off the job to protest pay raises that they say are not keeping up with inflation. CBS News foreign correspondent Ramy Inocencio is looking at the factors that are contributing to the strike.
These jobs saw the biggest pay hikes across the U.S. in 2023
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
2023 a mixed bag for Wall Street, U.S. economy
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
Investors close out 2023 with a stock market gain of 24%
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
How the U.S. avoided a recession in 2023
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Shoppers opened their wallets this holiday, defying fears of pullback
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
What happens to the billions in gift cards that go unspent every year?
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Many who are struggling financially won't be buying any gifts this season
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
Inflation falls for the first time since April 2020
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Breaking down Argentina's inflation crisis
Argentina is experiencing rapid economic change under the leadership of new president Javier Milei as the third-largest economy in Latin America continues to suffer from decades of struggles. CBS News' Errol Barnett looks at how Argentina ended up in this economic situation.
Biggest financial stories heading into 2024
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
Survey: Americans overstate president's power
A recent survey suggests the American public tends to hold exaggerated ideas of what a president can and can't do. Brendan Nyhan, professor of government at Dartmouth College and one of the survey's co-authors, joins CBS News to unpack the findings.
Consumers signal optimism this holiday season
Consumer confidence climbed this month, appearing to signal optimism in the U.S. economy during the holiday season, according to a new report by The Conference Board. Dana Peterson, the chief economist at The Conference Board, joins CBS News with a look at the new data.
When will Fed reach inflation goal?
The Federal Reserve's actions appear to be cooling inflation in the U.S. economy. Bartie Scott, a senior economy editor at Business Insider, joins CBS News with a look at the goals the government has set.
Egg prices are expected to soar
Egg prices could spike again, thanks to an avian flu outbreak at a large egg producer. Courtenay Brown, an economics reporter for Axios, joins CBS News with a look at how this could affect Americans already grappling with inflation.
Costco sells $100 million in gold bars amid inflation fears
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Annual raises likely lower in 2024: Survey
Employers plan to offer an average salary increase of 4% for 2024, nearly half a percent less than last year, according to a new survey from Willis Towers Watson, which advises companies on compensation issues. Lori Wisper, a managing director at WTW, joins CBS News with the projections.
Live
Tehran threatens to retaliate after U.S. attacks vital Iranian oil hub
President Trump said that other countries would join the U.S. in sending warships to the Strait of Hormuz, but did not share more specifics.
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.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
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.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
Trump thanks TSA agents working with no pay amid government shutdown
TSA officers faced their first full missed paycheck Friday.
Russian strike on Kyiv region kills 4 people and wounds at least 15
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
U.S.
More U.S.
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.
U.S. identifies 6 service members killed in refueling aircraft crash in Iraq
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
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.
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.
MoneyWatch
More MoneyWatch
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
More Politics
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.
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.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
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.
FCC chair threatens broadcast licenses as Trump criticizes Iran war coverage
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
HealthWatch
More HealthWatch
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
More World
U.S. identifies 6 service members killed in refueling aircraft crash in Iraq
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
3 more members of Iran women's soccer team decline to accept asylum in Australia
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
Pope Leo moves into papal residence eschewed by Pope Francis
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
What to know about Kharg Island, the Iranian oil site struck by U.S.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
Russian strike on Kyiv region kills at least 6 people and wounds dozens
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
Entertainment
More Entertainment
The 2026 Oscars are tonight. Here's how to watch live and what to know.
Hollywood's biggest stars are gearing up for the 98th annual Academy Awards. Here is what to know and how to watch the 2026 Oscars.
Oscars 2026: Behind the scenes with the best picture nominees
Watch scenes from the films nominated for best picture at the 98th annual Academy Awards, as well as interviews with the filmmakers.
Why the paparazzi aren't what they once were
The Academy Awards are on Sunday night and Hollywood's biggest stars will be under the watchful eye of the paparazzi. Barry Petersen reports that those who once made a lot of money for their shots are no longer.
Meet one of the last true paparazzi
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Oscars 2026 predictions
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Technology
More Technology
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
More Science
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
More Crime
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
More Space
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
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Jocelyn Peters and the Notebook
Why did a man eat pages from a notebook when facing questions about the murder of a third grade teacher? "48 Hours" correspondent Anne-Marie Green reports.
Watch: TSA lines amid DHS shutdown
Since the Department of Homeland Security shut down last month, Transportation Security Administration employees have been working without pay. Travelers around the U.S. saw long lines and delays as the agency grappled with staffing shortages and resignations.
Choke Point | Sunday on 60 Minutes
Iranian attacks on tankers and cargo ships have choked the flow of oil and goods through the Strait of Hormuz, a narrow passage connecting Persian Gulf oil producers to global markets. The disruption threatens to drive U.S. gas prices to record highs.
Two fired federal workers helping others like them
Two former federal workers are turning their firings into a movement to help others. Nikole Killion has their story.
Fliers facing long lines in U.S. amid DHS shutdown
Fliers in the U.S. experienced long lines at security as TSA agents worked without pay. Tim McNicholas has more on the major problems looming this spring break.