Gas price spike leads to rise in CPI
The Consumer Price Index rose six-tenths of a percentage point in August, largely driven by a spike in gas prices. CBS News contributor Javier David has more on what the number could mean for interest rates.
Inflation
Inflation rose in August amid higher prices at the pump
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
Key inflation gauge shows prices hikes remained low in July
PCE price index indicates signs of cooling price increases, raising likelihood Fed will leave interest rates unchanged in September.
U.S. job growth cooled in August. Here's how that impacts inflation.
Overheated labor market of the past two years may be over, raising questions about Fed's next move, experts say.
Jackson Hole: Powell signals additional rate hikes may be necessary
Stocks are holding on to gains after Federal Reserve Chair Jerome Powell said more rate hikes could be on the way.
Issues GOP voters want discussed at debate
A new CBS News poll is providing more insight into the issues GOP voters want candidates to talk about at Wednesday's Republican presidential debate. 86% of likely Republican primary voters responded that it is "very important" to hear from candidates about plans to lower inflation. Anthony Salvanto, CBS News executive director of elections and surveys, breaks down the findings.
Americans' salary expectations at record high
Wage expectations are at their highest level in 10 years, according to new data from the Federal Reserve Bank of New York. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the state of wages and the labor market.
Average new car cost in U.S. up to $48,000
The average new vehicle in the U.S. costs $48,000 and, this year, there was only one model on sale for less than $20,000, according to data from Cox Automotive. Jared Rosenholtz, editor-at-large for CarBuzz, joined CBS News to discuss how prices have changed over time and what it means for the industry.
Fewer Americans expecting recession now — CBS News analysis
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Only one new car in the U.S. now sells for under $20,000
Strong consumer demand for SUVs and trucks has left few options for price-conscious vehicle buyers.
White House touts Inflation Reduction Act
The White House is marking one year since the Inflation Reduction Act was signed into law. CBS News chief White House correspondent Nancy Cordes previewed President Biden's remarks on Wednesday and discussed his upcoming trip to the Hawaiian island of Maui following the deadly wildfires.
Fed Reserve: "Significant" inflation risk may merit more rate hikes
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
Tips for saving on back-to-school shopping
As we head into the fall, it's time to tackle that back-to-school shopping list -- and this year, parents are expected to shell out a record amount of money on supplies. CBS News' Haley Ott has tips on ways to save.
Inflation cools, but costs still high
While inflation has slowed, many Americans are still seeing costs of necessities like food, shelter and energy impacting household budgets. CBS News' Carter Evans takes a deeper look.
Despite slowing inflation, many Americans still struggling with high prices
For the first time in the U.S., credit card debt has surpassed $1 trillion.
Biden says "economy remains strong"
President Biden praised the numbers in the latest consumer price index report saying it shows the "economy remains strong." The report shows inflation rose for the first time in 12 months, but not as much as experts predicted. CBS News senior White House correspondent Weijia Jiang has more.
U.S. inflation rises 0.2% in July, data shows
A new report from the Bureau of Labor Statistics shows prices for consumer goods rose two-tenths of a percent in July, bringing the annual level to 3.2%. Javier David, managing editor for business and markets for Axios, joined CBS News to go inside the numbers and discuss the possibility of further rate hikes.
Inflation rose in July, marking the first increase in a year
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
New jobs report shows solid labor market
The latest jobs report is showing a strong labor market in the face of inflation-fighting interest rate hikes, with 187,000 jobs added in July. And the unemployment rate is approaching a 50-year low at 3.5%. Daniel Zhao, lead economist at Glassdoor, joined CBS News to discuss the new numbers.
U.S. businesses add 187,000 jobs in July
U.S. businesses added 187,000 jobs in July, keeping pace with June's hiring as employers sought to add staff amid a tight labor market. Job growth has become more muted than earlier this year, Axios managing editor for business and markets Javier David joins CBS News to discuss why.
Where Biden's economic approval stands
President Biden has toured the U.S. touting his administration's economic policies, but do Americans approve of how he has handled the economy? CBS News' executive director of elections and surveys Anthony Salvanto joined "America Decides" to examine the results of new CBS polling on the topic.
Poll shows people pessimistic about economy
Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here.
The economy's long, hot, and uncertain summer — CBS News poll
High prices and interest rates are still weighing on personal budgets.
Minneapolis Fed president on economy
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week.
Optimistic signs about the economy
There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.
DOJ releases trove of Epstein files including photos, grand jury testimonies
The Justice Department has released records from the Epstein files, the first documents to come to light under a new law signed by President Trump.
U.S. seizes a second vessel off the coast of Venezuela
It's the second time in recent weeks that the United States has interdicted a tanker, and it comes amid a large U.S. military build-up in Latin America.
At least 15 newly-released Epstein files have disappeared from DOJ's website, records show
The episode has deepened concerns that had already emerged from the Justice Department's much-anticipated document release.
Trump endorses Bruce Blakeman in New York governor's race after Stefanik's exit
President Trump initially signaled he would not make an endorsement at this stage, but Rep. Elise Stefanik's exit cleared the way for him to show his support for Bruce Blakeman.
Over 500 pages in initial Epstein files release were entirely blacked out, CBS finds
The Justice Department released thousands of new photos and records on Jeffrey Epstein on Friday, but at least 550 pages in the documents were fully redacted.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Russia strikes Ukrainian port, killing 8 and wounding dozens
Some of the wounded were on a bus at the epicenter of the strike, Ukraine's Emergency Service said.
At least 10 killed, 10 wounded in shooting in South Africa
The motive for the attack in Bekkersdal, 25 miles southwest of Johannesburg, was not clear, police said.
Rob Reiner's friends and colleagues share fond and funny memories
Friends and colleagues of Rob Reiner sat down with CBS News to share personal anecdotes and fond memories of him following the news of his tragic death.
U.S.
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Winning numbers announced for estimated $1.5 billion Powerball jackpot
Saturday's jackpot has an estimated cash value of $686.5 million, Powerball said. It's the game's seventh-largest among U.S. lottery jackpots.
At least 15 newly-released Epstein files have disappeared from DOJ's website, records show
The episode has deepened concerns that had already emerged from the Justice Department's much-anticipated document release.
Trump endorses Bruce Blakeman in New York governor's race after Stefanik's exit
President Trump initially signaled he would not make an endorsement at this stage, but Rep. Elise Stefanik's exit cleared the way for him to show his support for Bruce Blakeman.
Three officers injured after responding to domestic violence call, police say
The suspect was killed, and the man who called law enforcement was also injured, officials said Saturday.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
MoneyWatch
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Rome introduces tourist fee for some Trevi fountain visitors
Tourists visiting the Trevi Fountain are now going to pay more than just the legendary coin toss over their shoulder.
Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Trump reaches deal with 9 major drugmakers to lower prices
Nine drug manufacturers will offer their drugs to Medicaid recipients at most-favored-nation discounts in exchange for tariff exemptions.
Judge in nursing home bankruptcy case gives families fresh hope
A bankruptcy judge blocked an attempt by a nursing home chain's primary investor to shield himself from settlement payments and liability in lawsuits over allegations of poor care.
Politics
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At least 15 newly-released Epstein files have disappeared from DOJ's website, records show
The episode has deepened concerns that had already emerged from the Justice Department's much-anticipated document release.
Trump endorses Bruce Blakeman in New York governor's race after Stefanik's exit
President Trump initially signaled he would not make an endorsement at this stage, but Rep. Elise Stefanik's exit cleared the way for him to show his support for Bruce Blakeman.
"Face the Nation with Margaret Brennan" guests for Dec. 21, 2025
This week's guests include Reps. Ro Khanna and Thomas Massie, who led the push for Friday's release of the Epstein files.
U.S. seizes a second vessel off the coast of Venezuela
It's the second time in recent weeks that the United States has interdicted a tanker, and it comes amid a large U.S. military build-up in Latin America.
Stefanik drops out of New York governor's race after Trump stays neutral
Republican Rep. Elise Stefanik's decision to drop out came after President Trump signaled he would not make an endorsement in the race at this stage.
HealthWatch
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This professional Santa's dream of spreading holiday cheer fuels stroke recovery
Brent Rasmussen had a massive stroke in 2023. Getting his "ho ho ho back" helped motivate his recovery.
Here's how much ACA costs would have risen this year without subsidies
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Inside the FDA's vaccine uproar
A memo from Dr. Vinay Prasad, the head of the FDA's Center for Biologics Evaluation and Research, may signal an effort to to rewrite the rules governing the U.S. vaccine system.
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.
World
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At least 10 killed, 10 wounded in shooting in South Africa
The motive for the attack in Bekkersdal, 25 miles southwest of Johannesburg, was not clear, police said.
U.S. seizes a second vessel off the coast of Venezuela
It's the second time in recent weeks that the United States has interdicted a tanker, and it comes amid a large U.S. military build-up in Latin America.
A rare look inside LEGO's own secret shrine to the hugely popular toy
To what does LEGO owe its remarkable half-century success story? CBS News visits the toy giant's Denmark headquarters to find out.
Syria monitor group says at least 5 ISIS members killed by U.S. strikes
Jordan confirmed that its air force took part in the U.S. air strikes "targeting several ISIS positions in southern Syria."
Pope Leo summons cardinals for assembly to help him govern the church
The consistory, as such gatherings are called, will be held Jan. 7-8, immediately following the Jan. 6 conclusion of the 2025 Holy Year.
Entertainment
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Entertainment
Old Crow Medicine Show performs "Corn Whiskey Christmas"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Corn Whiskey Christmas."
Old Crow Medicine Show performs "Jolly Man"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Jolly Man."
Old Crow Medicine Show performs "Holly Jolly Christmas"
Two-time Grammy winners Old Crow Medicine Show are best known for their smash hit "Wagon Wheel" and their classic Americana sound. This year, the band is out with a new holiday album, "OCMS XMAS," which features both Christmas classics and new holiday songs. Here's Old Crow Medicine Show performing "Holly Jolly Christmas."
Kate Winslet's directorial debut
Kate Winslet is one of Hollywood's most accalimed actors, and now she's testing her skills as a director with the new Christmas film "Goodbye June." She sat down with "CBS Saturday Morning" to discuss the challenges of the new role after so many years in front of the camera.
A rare look inside LEGO's own secret shrine to the hugely popular toy
To what does LEGO owe its remarkable half-century success story? CBS News visits the toy giant's Denmark headquarters to find out.
Technology
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Want to work in AI? Here are the skills to master, economist says
Rapid emergence of AI will foster demand for new types of workers, including "explainers" and bias auditors, according to economist Robert Seamans.
DraftKings hopes to score big with new prediction markets app
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
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.
Japanese woman marries AI boyfriend
People are starting to develop lasting connections with artificial technology. Melissa J. Perry, the dean of the College of Public Health at George Mason University, joins CBS News with more details.
TikTok nears deal to avoid U.S. ban
TikTok has signed a deal to sell its U.S. operations to a group of investors in America, a source familiar with the deal tells CBS News. Jo Ling Kent has 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
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Crime
Police seek motive in deadly shootings
Authorities are seeking motive after the man responsible for the deadly shooting at Brown University and the murder of an MIT professor was found dead in a New Hampshire storage unit on Thursday.
Epstein survivor on partial files release
The Justice Department released a new batch of files related to convicted sex offender Jeffrey Epstein on Friday. Epstein survivor Sharlene Rochard joins with her reaction. Then, Spencer Kuvin, an attorney who represents some Epstein survivors, provides further analysis.
New photos in initial trove of Epstein files
The Justice Department on Friday released a batch of files related to convicted sex offender Jeffrey Epstein. CBS News' Erica Brown and Katrina Kaufman report.
Investigators struggled to ID Brown suspect while gunman went on to kill again
The manhunt for the Brown University shooter was complicated by the early misidentification of a person of interest and limited, low-quality video footage.
Search for motive in Brown and MIT shootings
The manhunt for the suspect in Saturday's deadly shooting at Brown University is finally over. Police discovered 48-year-old Claudio Manuel Neves Valente dead in a New Hampshire storage unit on Thursday night. CBS News' Anna Schecter explains what led to the discovery.
Space
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Space
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach 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.
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
Three Days Before Christmas
"48 Hours" Live to Tell: Two sisters who survive a deadly home invasion share their journey to hell and back.
Vintage WWII plane turned into a Christmas sleigh
The Southern Cross, a restored C-49 World War II-era plane, is used by a nonprofit group for a peaceful mission this holiday season, to provide a Santa-eye view of the Christmas lights in North Texas. The goal is to keep veteran history alive and air-worthy. Omar Villafranca explains.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Laws in many states don't cover pregnancy loss
There's a growing recognition of a gap in the family leave laws of many states for those that suffer pregnancy loss. As Nikki Battiste reports, some lawmakers and advocates are pushing for more protections for grieving families.
Holiday shoppers out in force amid economic fears
Holiday shopping is in high gear, with the National Retail Federation predicting a record 159 million shoppers on what it calls "Super Saturday," with nearly a third buying gifts in stores. However, consumer sentiment is down as many Americans are concerned about their economic future. Nicole Valdes explains.