More Americans report shoplifting as inflation climbs, survey finds
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
Inflation
The Rising Cost of Being Single
Dating has become another casualty of inflation. A new study finds millennials spend an average of $252 per date and Gen Z spends $205. Meanwhile, half of singles say they're going on fewer dates or choosing cheaper activities. Plus, a 30-year-old single woman is daunted by the exorbitant cost of freezing her eggs, and TikTok investor Raoul Pal dismisses the S&P 500's 11% average annual return in favor of investing in bitcoin.
Moynihan: "Affordability is a challenge"
Bank of America CEO Brian Moynihan told "Face the Nation with Margaret Brennan" that he has been hearing from customers that "affordability is a challenge" amid rising gas and food prices and inflation, but he added that "in the last couple months, we're seeing the wage growth of all income cohorts kind of coalesce together around 3 to 4% which is good."
Warsh vows to tackle inflation in first testimony as Fed chairman
Federal Reserve Chairman Kevin Warsh told the House Financial Services Committee that the central bank has "no tolerance for persistently elevated inflation."
Fed Chair Warsh testifies about inflation
Federal Reserve Chair Kevin Warsh testified before the House Financial Services Committee Tuesday as new government data showed inflation rose 3.5% annually in June. Taurean Small reports from Washington, D.C.
Social Security's 2027 COLA could be the biggest in years
New estimates call for a 3.6% to 3.8% benefit increase next year, although the final adjustment will depend on inflation readings released this summer.
Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
Fed chair Kevin Warsh testifies
Federal Reserve Chair Kevin Warsh testified on Capitol Hill about the U.S. economic outlook and took questions about fiscal policy. Taurean Small has more after new data shows inflation cooled in June.
New inflation data from June
Recently released Labor Department data indicates inflation cooled more than expected in June due to falling gas prices following U.S. diplomatic efforts with Iran. CBS News' Kelly O'Grady has more.
Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
Bessent talks Trump Accounts' July 4 debut
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about inflation, gas prices and Trump Accounts, which are now available.
Bessent on Trump accounts, U.S. economy
In an exclusive interview with Kelly O'Grady, Treasury Secretary Scott Bessent reacted to high gas prices, inflation, President Trump's cryptocurrency earnings disclosure and the official launch of Trump Accounts for children.
Exclusive
Bessent on Trump's crypto earnings: "I don't think there's an appearance problem"
Treasury Secretary Scott Bessent touched on the recent disclosure of President Trump's crypto earnings, the latest developments with the tax-deferred Trump Accounts, and the struggles facing the U.S. economy.
Couples are spending thousands more on weddings. Here's why.
Tariffs, inflation and changing consumer habits are reshaping how much Americans spend to tie the knot.
Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
Why Fed may raise interest rates this year
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Greg Robb, economics editor at MarketWatch, joins with analysis.
PCE inflation index hit 4.1% in May
May's personal consumption expenditure index, the Federal Reserve's preferred inflation gauge, rose 4.1% year to year, the highest level in three years. CBS News senior business and tech correspondent Jo Ling Kent has more.
Key inflation gauge at highest level since 2023
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Josh Schafer, Barron's Investor Circle Newsletter editor, joins with analysis.
Fed's preferred inflation gauge hits 3-year high
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
Americans concerned about costs of Iran war
With gas prices still higher than last year and inflation stretching household budgets thin, many Americans are facing high financial stress. A recent CBS News poll shows that most Americans think the Iran war is not worth its cost. Political strategists Harrison Fields and Jonae Wartel discuss.
Warsh announces plan to reshape Federal Reserve
The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
How Georgia candidates plan on tackling costs
Voters in Georgia are casting their ballots in two key Republican runoff races on Tuesday. Trump-backed Lieutenant Gov. Burt Jones and billionaire Rick Jackson are vying for the GOP nomination for governor. The winner will face Democrat and former Atlanta Mayor Keisha Lance Bottoms in November. Meanwhile, Trump-backed Rep. Mike Collins is facing off with former college football coach Derek Dooley for the GOP nomination for Senate. The winner of that race will take on Sen. Jon Ossoff in November. CBS News correspondent Skyler Henry has more.
Wholesale prices see biggest spike since 2022
The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS News' Kelly O'Grady explains.
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Trump shares more details on $5,000 dividends in exclusive interview
CBS News Texas political reporter Jack Fink spoke with President Trump for an exclusive interview during the president's visit to North Texas.
Live
Iran strikes U.S. jets after Trump promises war to end after midterms
U.S. jets were hit by Iranian missiles while parked at a base in Jordan, sources tell CBS News, while Trump said the war will end "immediately" after midterms.
George W. Bush says Americans "don't pay attention to the lesson of 9/11"
Former President George W. Bush gave rare remarks on Wednesday as Americans mark 25 years since the Sept. 11 terrorist attacks.
Anthropic says scientists used AI for possible biological weapons development
Anthropic said it blocked scientists who used its Claude AI models "in ways that could support biological weapons development."
Joe diGenova resigns from DOJ after overseeing "grand conspiracy" probe
Joe diGenova, the prosecutor who was tapped by Attorney General Todd Blanche to supervise the "grand conspiracy" investigation targeting Obama- and Biden-era officials, told CBS News he has resigned.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
GOP Rep. Rob Bresnahan campaigns on data center limits while investing in industry
According to a financial disclosure, the Pennsylvania lawmaker holds investments in companies positioned to benefit from the data center industry's continued growth.
Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Afghan girls who study in secret want you to read their "letters to the world"
21 Afghan girls, bravely defying the Taliban by continuing to study, handed CBS News letters containing their stifled, often humble dreams "for an ordinary life."
U.S.
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Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Family's 9/11 loss inspires a school that's helped hundreds of kids
CBS News producer Caroline Lewis shares the story of her mother Patty, who established a school in a disadvantaged community after losing her husband on 9/11.
Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Surrogate appeals to Supreme Court in custody dispute over baby with heart defect
A California couple's surrogate who refused their wishes to have an abortion has asked the U.S. Supreme Court to intervene in a custody dispute over the 4-week-old child, who was born in Texas with a serious heart defect.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
MoneyWatch
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Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
Trump's $5,000 payments would reignite inflation, economists say
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
August CPI report could spark the Fed's first rate hike in over 3 years
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
Why you shouldn't bank on Trump's $5,000 dividends happening
President Trump pledged $5,000 to all American adults if Republicans retain control of Congress. You may not be able to take that to the bank.
Politics
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GOP Rep. Rob Bresnahan campaigns on data center limits while investing in industry
According to a financial disclosure, the Pennsylvania lawmaker holds investments in companies positioned to benefit from the data center industry's continued growth.
Surrogate appeals to Supreme Court in custody dispute over baby with heart defect
A California couple's surrogate who refused their wishes to have an abortion has asked the U.S. Supreme Court to intervene in a custody dispute over the 4-week-old child, who was born in Texas with a serious heart defect.
Joe diGenova resigns from DOJ after overseeing "grand conspiracy" probe
Joe diGenova, the prosecutor who was tapped by Attorney General Todd Blanche to supervise the "grand conspiracy" investigation targeting Obama- and Biden-era officials, told CBS News he has resigned.
Exclusive
Trump shares more details on $5,000 dividends in exclusive interview
CBS News Texas political reporter Jack Fink spoke with President Trump for an exclusive interview during the president's visit to North Texas.
Trump's $5,000 payments would reignite inflation, economists say
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
HealthWatch
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Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
How donating blood could reveal clues about your own health
Amid a national blood supply crisis, Dr. Courtney Lawrence sat down with Norah O'Donnell to talk about donating blood, health myths and more.
A generation of kids suffers as Trump destabilizes immigrant families
Children in immigrant families are facing multiple health threats from President Trump's policies.
NYC officials release unseen post-9/11 air quality documents
New York City officials released thousands of previously unseen documents questioning the air quality at Ground Zero following the 9/11 attacks.
What is postpartum psychosis?
Experts discuss the symptoms, diagnosis and stigma surrounding postpartum psychosis (not to be confused with postpartum depression), a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy.
World
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Spain's spy agency warned of Ceuta border breach plans before crisis, declassified files show
Spain's national intelligence agency issued multiple warnings about a potential mass crossing of migrants from Morocco into the Spanish exclave of Ceuta, declassified documents show.
25 people killed in fire on cargo ship docked in China, state media reports
The deadly fire broke out when the cargo ship was docked for repairs at a major shipping hub on China's northeastern coast.
Multiple U.S. military aircraft damaged in Iranian strikes on base in Jordan, sources say
One A-10 Thunderbolt, an attack aircraft known as the Warthog, was struck and lost a wing, according to sources.
Deadly fire on ferry off Philippines leaves dozens of people missing
A fire on a passenger ferry off the western Philippines left dozens of people missing and killed at least five. An intense and widespread search was on for the unaccounted for.
Barry Melrose, prominent NHL player, coach and broadcaster, dies at 70
Barry Melrose, a hockey player-turned-coach who led the Los Angeles Kings to the 1993 Stanley Cup Final before going on to a long career in broadcasting the sport, has died at 70.
Entertainment
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Entertainment
Dolly Parton's sister on Dolly's marriage
Dolly Parton's younger sister sat down with Gayle King for a conversation that included Dolly's makeup routine and her decades-long love affair with her husband Carl.
Sandra Bullock, Lee Pace on "Practical Magic 2"
Sandra Bullock and Lee Pace sat down with Adriana Diaz to discuss "Practical Magic 2," which premieres Friday.
Exclusive
Stella Parton says her sister Dolly was prepared and at peace when she died
Stella Parton gives insight into her sister Dolly Parton's marriage, makeup habits and views on death in an exclusive CBS News interview.
Dolly Parton's sister on star's life, death
Dolly Parton's sister, Stella, sits down with Gayle King for her first interview since Dolly's death to discuss her sister's legendary life. Stella Parton says the country star was "definitely prepared" and at peace when she died last month.
Fashion designer Romeo Hunte shares new pieces
Fashion designer Romeo Hunte joins "The Daily Report" to discuss pieces in his new collection as New York Fashion Week kicks off.
Technology
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Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Expert on threats of AI "superintelligence"
Public concerns over the threat of "superintelligence" are on the rise following comments from a former Anthropic researcher that the technology could kill off humanity. J.B Branch, director of federal AI governance and technology policy at Public Citizen, joins "The Daily Report" to discuss.
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.
Former Anthropic employee on his fears
Anthropic said on Thursday that it disrupted several potential efforts this year to make biological weapons using its models. It's the exact kind of threat that has some people worried, including former Anthropic employee Jacob Coxon. Jo Ling Kent spoke with him on Thursday.
Democrats, Republicans in stalemate over AI
No federal law exists to regulate AI as Democrats and Republicans clash in the wake of renewed fears of human extinction. CBS News' Nikole Killion has more.
Science
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First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
Crime
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Crime
Ex-FBI agent on hunt for alleged 9/11 planner
"Daughters of 9/11," a new documentary airing on CBS on Friday, follows two women who lost their fathers in the attacks and are demanding alleged mastermind Khalid Sheikh Mohammed be held accountable. Their journey leads them to Retired FBI Special Agent Frank Pellegrino, who spent more than a decade hunting for Mohammed and eventually questioned him. Pellegrino joins "The Takeout" to discuss.
Lindsay Clancy lawyer files to toss mistrial
Lindsay Clancy's defense attorney, Kevin Reddington, filed a motion Thursday to throw out last week's mistrial and acquit Clancy. Clancy admitted to killing her three children, but pled not guilty to murder charges, arguing she was suffering from postpartum psychosis.
One year since Charlie Kirk's killing
It has been one year since conservative political activist Charlie Kirk was fatally shot during an event in Utah. Benji Backer, the founder and CEO of Nature Is Nonpartisan, joins CBS News with more on his friendship with Kirk.
Video shows attempted murder in Ohio
A potential killing was caught on camera in Ohio and was revealed at the trial of a man found guilty of attempting to shoot his wife in a crowded restaurant. Mark Strassmann reports.
Lindsay Clancy Mistrial: Reddington Weighs In
In the wake of the mistrial in the Lindsay Clancy murder case, CBS News correspondent Shanelle Kaul and WBZ-TV reporter and anchor Kristina Rex share new reporting from inside the courtroom, exclusive juror insights, and behind-the-scenes details of the dramatic final courtroom moments. Plus, we learn what's next as the Plymouth County District Attorney's Office weighs its options.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
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Latest CBS News Videos
Extended Interview: Jacob Coxon
Jacob Coxon publicly resigned from his position as an Anthropic researcher on Tuesday, accusing the company and rival developer and ChatGPT-maker OpenAI of "gambling with our lives" by racing to develop advanced AI models. He spoke with Jo Ling Kent about his decision to resign and why he feels AI could one day threaten humanity.
First regular NFL game in Australia
The NFL's first-ever regular season game in Australia is about to kick off, with the Los Angeles Rams set to play the San Francisco 49ers. A halftime performance by Joe Jonas is also expected. Network 10 reporter Steph Baumgartel joins "The Daily Report" to share the excitement.
Ongoing efforts to ID 9/11 victims' remains
It's been 25 years since 9/11, and the New York City Office of Chief Medical Examiner continues its pledge to identify remains for as long as there are families looking for answers.
Republican candidate on GOP convention
Republican congressional candidate Michael Bouchard Jr., who is attending the GOP midterm convention, joins "The Daily Report" to share his thoughts on the Iran war, Trump's promised $5,000 payments, and more.
Legal expert on Missouri congressional map
The Supreme Court has blocked Missouri's use of a new congressional map that would have favored Republicans ahead of the midterms. CBS News legal contributor Jessica Levinson explains what this means.