Here's what's making it so hard to buy a home in the U.S. these days
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
Inflation
Wendy's plans to test surge pricing in 2025
Wendy's is planning to roll out a "dynamic pricing" model for its menu in 2025, meaning prices will change throughout the day based on a few different factors. CBS News senior business and technology correspondent Jo Ling Kent explains.
Wendy's to introduce surge pricing in 2025
Wendy's says it will introduce surge pricing in 2025, meaning the cost of a burger or Frosty could go up at the busiest times of the day. Jo Ling Kent reports.
Economists see brighter outlook for 2024. Here's why.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
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.
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.
Live
Iran "negotiating on fumes," Trump says, as U.S. conducts new strikes
The U.S. and Iran had appeared ready to de-escalate before the U.S. military conducted what it said were defensive strikes against Iran on Wednesday.
Exclusive
Jill Biden: "I was frightened" by 2024 debate, thought husband was having a stroke
Former first lady Jill Biden said she thought her husband, Joe Biden, was having a stroke during the 2024 debate against Donald Trump.
Exclusive
GPS data appears to contradict Brian Hooker's account of wife's disappearance
After forensic evidence appeared to contradict Brian Hooker's account of where Lynette Hooker was the night she disappeared, U.S. investigators are renewing their search in the Bahamas.
U.S. carries out new strikes against Iranian military site, official says
The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News on Wednesday, another challenge to a shaky ceasefire between the two countries.
Exclusive
Trump visited soldiers at Walter Reed, but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
Talarico: Paxton "clipping my cringey comments to distract from his career of corruption"
Texas state Rep. James Talarico, the Democratic nominee for U.S. Senate in the Lone Star State, concedes some past statements during debates over transgender policy "missed the mark."
2 dead, 9 workers "unrecovered" after Washington chemical tank implosion
The damaged tank at Nippon Dynawave Packaging Co. held approximately 900,000 gallons of white liquor, a chemical used in paper processing, authorities said.
Uganda closes its border with Congo over Ebola outbreak
Uganda on Wednesday ordered the closure of its border with Congo, where suspected cases of a rare type of Ebola are surging.
Takeaways from Texas' primaries: Trump's power, Latino vote, redistricting and more
The November ballot in Texas is now set, after a four-term Republican senator lost to a Trump-endorsed challenger in Tuesday's primary runoffs. Meanwhile, Texas Democrats are angling to win their first Senate race since 1988.
U.S.
More U.S.
Ex-judges push to look into "anti-weaponization fund" deal
A group of 35 former federal judges asked a court to reopen a legal dispute between President Trump and the government, calling the deal to create a $1.776 billion "anti-weaponization fund" potentially fraudulent.
New York City man sentenced to 10 years in plot to kill Iranian American writer
A federal judge has given a onetime truck and bus driver charged in an assassination plot against an Iranian American writer a 10-year prison sentence.
Exclusive
Top FEMA official Bob Fenton says "we're ready for hurricane season"
FEMA says it's ready for hurricane season, though it's still racing to recover from months of shutdown disruptions, delayed grants and a depleted Disaster Relief Fund.
Exclusive
Trump visited soldiers at Walter Reed — but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
YouTube taking steps to make clear when realistic videos are made by AI
YouTube said it will automatically label photorealistic content created by AI, the video platform said.
MoneyWatch
More MoneyWatch
YouTube taking steps to make clear when realistic videos are made by AI
YouTube said it will automatically label photorealistic content created by AI, the video platform said.
Stocks are rallying despite the Iran war and stubborn inflation. Here's why.
The S&P 500 hit a new record on Wednesday, even as soaring gas prices fuel inflation and consumer confidence sinks.
Conservative tech critic seen as leading candidate to be DOJ antitrust chief
The former assistant attorney general for the Justice Department Antitrust Division, Gail Slater, was abruptly terminated in February after clashes with Pam Bondi and Todd Blanche.
How much money you need to earn to afford a home in 49 U.S. cities
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
The safest vehicles for teen drivers and how much they cost
The Insurance Institute and Consumer Reports ranked 96 of the safest cars for teens. Here's what to know.
Politics
More Politics
Ex-judges push to look into "anti-weaponization fund" deal
A group of 35 former federal judges asked a court to reopen a legal dispute between President Trump and the government, calling the deal to create a $1.776 billion "anti-weaponization fund" potentially fraudulent.
U.S. carries out new strikes against Iranian military site, official says
The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News on Wednesday, another challenge to a shaky ceasefire between the two countries.
Exclusive
Top FEMA official Bob Fenton says "we're ready for hurricane season"
FEMA says it's ready for hurricane season, though it's still racing to recover from months of shutdown disruptions, delayed grants and a depleted Disaster Relief Fund.
Exclusive
Trump visited soldiers at Walter Reed — but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
Takeaways from Texas' primaries: Trump's power, Latino vote, redistricting and more
The November ballot in Texas is now set, after a four-term Republican senator lost to a Trump-endorsed challenger in Tuesday's primary runoffs. Meanwhile, Texas Democrats are angling to win their first Senate race since 1988.
HealthWatch
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HealthWatch
Americans speak on health insurance costs
In the 1800s, Hartford, Connecticut, picked up the nickname, "The Insurance Capital of the World." Tony Dokoupil visits the city to ask people about rising insurance and healthcare costs.
Uganda closes its border with Congo over Ebola outbreak
Uganda on Wednesday ordered the closure of its border with Congo, where suspected cases of a rare type of Ebola are surging.
Sponsored
TV host Ty Pennington on bronchiectasis
HGTV host and designer Ty Pennington opens up about his mother's yearslong battle with bronchiectasis, a chronic lung condition that often goes undiagnosed, and shares tips for caregivers on creating a calm environment. (Sponsored by Insmed)
Trump has third medical exam of the past year
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
World
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U.S. carries out new strikes against Iranian military site, official says
The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News on Wednesday, another challenge to a shaky ceasefire between the two countries.
Uganda closes its border with Congo over Ebola outbreak
Uganda on Wednesday ordered the closure of its border with Congo, where suspected cases of a rare type of Ebola are surging.
Exclusive
Trump visited soldiers at Walter Reed — but not the 14 injured in the Iran war
More than a dozen soldiers injured in Operation Epic Fury are still recovering at the military hospital.
Official complains of persecution over CIA agents' deaths in Mexico
Two CIA agents died in a car crash while accompanying soldiers and state prosecutors in a raid of a drug lab in Chihuahua.
U.S. setting up Ebola quarantine facility in Kenya, officials say
The U.S. is in the process of setting up a quarantine facility in Kenya for Americans who were exposed to Ebola or infected with the deadly illness.
Entertainment
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Entertainment
Estelle on her latest album "Stay Alta"
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Josh Johnson on new special, career in comedy
Comedian Josh Johnson talks with "CBS Mornings" about finding humor in everyday life, how storytelling is at the center of his jokes and his first HBO special, "Symphony."
Top moments from the American Music Awards
There were 12 new categories this year at the American Music Awards, which were held on Memorial Day. For the second time at the awards show, BTS took home the night's biggest prize.
Extended interview: Josh Johnson
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
Sonny Rollins, trailblazing jazz saxophonist, dies at age 95
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Technology
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Technology
YouTube revamping its AI labeling system
YouTube unveiled a new AI labeling system on Wednesday, aiming to make it easier for viewers to distinguish between real and AI content. CNET editor-at-large Scott Stein joins CBS News to break down the change.
YouTube taking steps to make clear when realistic videos are made by AI
YouTube said it will automatically label photorealistic content created by AI, the video platform said.
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.
Study evaluates AI's accuracy on news
More than 1 billion people worldwide use artificial intelligence chatbots, but just how accurate are the answers? Forum AI released results from its latest study to determine the accuracy of chatbots in news and current events. Robbie Goldfarb, co-founder of Forum AI, joins CBS News to discuss.
How the U.S. military is using AI in warfare
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
Science
More Science
New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
More Crime
Crime
New evidence in Bahamas disappearance
New forensic evidence appears to contradict Brian Hooker's account of where he says he was the night his wife Lynette went missing in the Bahamas. Cristian Benavides has the details.
Matthew Perry's assistant sentenced
"Friends" star Matthew Perry drowned in his hot tub in 2023 under the effects of ketamine. The 54-year-old's longtime personal assistant, who gave him the fatal injection, pleaded guilty to conspiracy and was sentenced to over three years in prison.
Clues in the Lynette Hooker investigation
An infrared camera mounted on the sailboat used by Brian and Lynette Hooker in the Bahamas could contain clues about her disappearance, CBS News has learned. Cristian Benavides has more.
China executes man for poisoning billionaire Netflix producer
Xu Yao was found guilty of killing Lin Qi, the founder of the company that holds the film adaptation rights for the blockbuster sci-fi trilogy "The Three-Body Problem."
Matthew Perry's assistant to be sentenced
Matthew Perry's assistant, Kenneth Iwamasa, will be the fifth and final person sentenced for playing a role in the actor's 2023 ketamine death. Carter Evans reports.
Space
More Space
NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
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
Former Obama adviser Ben Rhodes on Iran
Ben Rhodes, former foreign policy adviser and speechwriter for President Obama, discusses the current war in Iran and President Trump's comments about Obama's 2015 deal with the country.
Video: Driver missing hand pulled over for phone use
Kathleen Thomas was issued a citation in February after a Palm Beach County Sheriff's deputy pulled her over for allegedly using a phone with her right hand. But Thomas doesn't have a right hand. The week, the officer requested that the citation be dismissed. Here's the uncut bodycam footage of the traffic stop.
Christian Menefee on win over Al Green
Rep. Christian Menefee speaks with Major Garrett about his win over Rep. Al Green in Tuesday's Democratic primary for Texas' redrawn 18th Congressional District
Spelling bee coach speaks on kids' potential
The 98th Scripps National Spelling Bee finals are on Thursday night. Tony Dokoupil has the story about one spelling bee coach's mission to "make every speller the best speller they can be."
New evidence in Bahamas disappearance
New forensic evidence appears to contradict Brian Hooker's account of where he says he was the night his wife Lynette went missing in the Bahamas. Cristian Benavides has the details.