Wholesale inflation up 0.6% in February
Wholesale inflation saw its biggest increase since last summer in February, rising 0.6% according to the Producer Price Index. CBS News business analyst Jill Schlesinger has more.
Inflation
Biden, Trump pivot to general election mode
President Biden and former President Donald Trump are shifting focus to the general election after gaining enough delegates to clinch their parties' nominations. Biden campaign senior spokesperson Kevin Munoz and Trump campaign national press secretary Karoline Leavitt join "America Decides" to discuss what they believe will be key to their victory.
Why inflation ticked up in February
Consumer prices rose 0.4% from January to February, indicating inflation continues to be a hurdle in the U.S. economy. Gas and home prices contributed to the increase. CBS News' Jo Ling Kent breaks down the figures.
How Fed could react to hot February inflation
Consumer prices climbed again in February, according to a new U.S. Bureau of Labor Statistics report. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss if the increase could change the Fed timeline for a rate drop.
Inflation hotter than expected in February
New economic data shows inflation ticked up last month at a higher-than-expected rate. The Consumer Price Index rose four-tenths of a percent in February with a marked increase in the cost of shelter and gasoline. CBS News contributor Javier David has more.
Jobs grow in February, unemployment rises
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Sen. Katie Britt delivers GOP rebuttal
Republican Sen. Katie Britt of Alabama delivered her party's response to President Biden's State of the Union address Thursday night, in emotional remarks from her kitchen. "CBS Evening News" anchor and managing editor Norah O'Donnell leads a panel to break down Britt's speech.
Biden touts economic record, infrastructure
In his 2024 State of the Union address, President Biden ran through his legislative achievements during his first term in office. He highlighted a $1.2 trillion infrastructure package to revitalize the nation's roads, bridges, waterways and public transit, and legislation that aims to boost domestic production of semiconductor chips.
Aldi plans to open 800 new stores around the U.S.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
Previewing 2024 State of the Union address
President Biden is set to deliver the 2024 State of the Union address Thursday as he lags behind Donald Trump in the polls. CBS News senior White House and political correspondent Ed O'Keefe has more.
Jerome Powell wants more proof inflation is falling before cutting rates
Jerome Powell noted inflation is slowing for both goods and services, but offered no hints on potential timing of rate cuts.
Creative shopping for high food costs
As food inflation continues to persist, some shoppers are getting creative with the way they shop for groceries and plan meals. The Wall Street Journal reports consumers are cutting down on eating out, leaning more on coupons and changing the kind of food they eat. Heather Haddon, the co-writer of that Wall Street Journal story, joined CBS News to discuss.
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.
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.
Sen. Lindsey Graham's cause of death was aortic dissection, medical examiner says
President Trump paid tribute to the late senator, who was reportedly scheduled to do an interview on Sunday.
Live
Trump orders new strikes "to hold Iranian forces accountable," CENTCOM says
U.S. forces conducted more rounds of strikes on Iran this week, one of which was in retaliation for an attack on a commercial ship in the Strait of Hormuz, the Pentagon said.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Keystone Pipeline operator agrees to pay $26.9 million over 2022 spill
A proposed settlement with the U.S. government would require the Keystone Pipeline system's operator to pay $26.9 million over a 2022 oil spill in Kansas.
Changing conditions cause expanded evacuation orders for Ferris Fire
Colorado officials expanded mandatory evacuation orders for residents near the Ferris Fire as conditions continued to change on Sunday.
How white supremacists staged the only successful coup in U.S. history
In 1898, Wilmington, N.C., was prosperous and integrated. But white supremacists took back control of the city's multi-racial government at gunpoint, and killed scores of Black residents - a little-known story retold in Lauren Collins' "They Stole a City."
Ukraine's prime minister resigns; Zelenskyy shifts several government roles
Ukrainian Prime Minister Yulia Svyrydenko has stepped down as President Volodymyr Zelenskyy announced fresh changes to Ukraine's government.
At least 27 killed in Bangkok beer pub after fire broke out, authorities say
Footage shared online by first responders shows a huge blaze raging and plumes coming out of the front door of the Na Ladprao pub in the northern part of the Thai capital.
Margaret Brennan: I spoke with Lindsey Graham a day before he died
Fierce Ukraine supporter Lindsey Graham passed away Saturday on the heels of his tenth trip to the warzone, and at a key moment for one of the Republican senator's proudest accomplishments.
U.S.
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Full transcript of "Face the Nation with Margaret Brennan," July 12, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Republican Sen. Tim Scott remembers Lindsey Graham, and Israeli Ambassador Michael Leiter and retired Gen. Frank McKenzie discuss the Iran war.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Keystone Pipeline operator agrees to pay $26.9 million over 2022 spill
A proposed settlement with the U.S. government would require the Keystone Pipeline system's operator to pay $26.9 million over a 2022 oil spill in Kansas.
Turner says he hopes Senate will pass Russia sanctions as part of Lindsey Graham's legacy
GOP Rep. Mike Turner of Ohio said that he's hopeful the Senate will soon pass a Russia sanctions bill as "one of the legacies" of Sen. Lindsey Graham, who died suddenly Saturday.
40 million under alerts as heat dome peaks across western U.S.
Heat alerts were issued for millions across parts of the western U.S. Sunday as an unusually prolonged heat dome reached its peak.
MoneyWatch
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High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
Household staff can earn up to $300,000 working for America's rich
Good help is hard — and expensive — to find, according to a recruiting firm for private chefs, chauffeurs and other household workers.
Gas prices start climbing again as U.S.-Iran tensions flare
Prices at the pump sank following a June ceasefire. But renewed conflict in the Middle East and other factors are driving fuel costs back up.
Politics
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Full transcript of "Face the Nation with Margaret Brennan," July 12, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Republican Sen. Tim Scott remembers Lindsey Graham, and Israeli Ambassador Michael Leiter and retired Gen. Frank McKenzie discuss the Iran war.
McConnell says he was "briefly unconscious," had pneumonia in health update
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
Transcript: Rep. Mike Turner on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with Republican Rep. Mike Turner of Ohio that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Transcript: Rahm Emanuel on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with former White House chief of staff and Chicago Mayor Rahm Emanuel that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Transcript: Michael Leiter on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with Israeli Ambassador to the U.S. Michael Leiter that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
HealthWatch
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New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Departments getting rid of firefighting foam
Fire departments across the U.S. are changing how they extinguish fires. For decades, they used foam that contained so-called "forever chemicals" that are now linked to cancer. More than a dozen states are now working to collect, remove and destroy all of it. Mark Strassmann has more.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
Pregnant mom diagnosed with Stage IV cancer after symptoms were dismissed
Jenney Bitner feared she wouldn't get to see her children grow up after a tumor in her brain revealed she had Stage IV melanoma.
Michigan's cyclosporiasis outbreak grows to more than 1,500 cases
Michigan health officials say the state's cyclosporiasis outbreak has grown to more than 1,500 cases.
World
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At least 27 killed in Bangkok beer pub fire, authorities say
Footage shared online by first responders shows a huge blaze raging and plumes coming out of the front door of the Na Ladprao pub in the northern part of the Thai capital.
Archaeologists uncover 3,000-year-old tomb near Egypt's Luxor
The burial site was identified as belonging to a man named Paser based on inscriptions.
Transcript: Rep. Mike Turner on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with Republican Rep. Mike Turner of Ohio that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Ukraine's prime minister resigns; Zelenskyy shifts several government roles
Ukrainian Prime Minister Yulia Svyrydenko has stepped down as President Volodymyr Zelenskyy announced fresh changes to Ukraine's government.
Transcript: Rahm Emanuel on "Face the Nation with Margaret Brennan," July 12, 2026
The following is the transcript of an interview with former White House chief of staff and Chicago Mayor Rahm Emanuel that aired on "Face the Nation with Margaret Brennan" on July 12, 2026.
Entertainment
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Entertainment
7/12: Sunday Morning
Hosted by Tracy Smith. Featured: The only successful coup in U.S. history; Behind the scenes of "The Pitt"; Trump's monumental reimagining of Washington, D.C.; singer-songwriter Gracie Abrams; "Take Me Home, Country Roads"; and a Tuscany tradition: wine barrel races.
Milepost: David Attenborough
This week, British documentarian Sir David Attenborough, who turned 100 years old in May, broke the record for oldest nominee for a Primetime Emmy Award, earning two nominations this year.
Grace notes: Art as a reverie of gentle sounds
French artist and composer Céleste Boursier-Mougenot's "Clinamen," at the Park Avenue Armory in New York City, is a mesmerizing installation in which porcelain bowls floating in giant basins of water collide, producing chiming sounds that reverberate in the 55,000-square-foot hall, to foster a state of grace. Tracy Smith reports.
Behind the scenes of "The Pitt"
The Emmy-winning HBO Max drama "The Pitt" immerses viewers in the hour-by-hour struggles faced by the overworked-yet-superhuman emergency room staff at the fictional Pittsburgh Trauma Medical Center. CBS News chief medical correspondent Dr. Jon LaPook visits the series' hyper-realistic set at Warner Brothers Studios in Burbank, Calif. (where cast members undergo a two-week medical boot camp), and talks with star, writer, director and executive producer Noah Wylie about why the former "ER" actor returned to the medical drama genre. (The series just received 25 Emmy nominations, including Outstanding Drama Series, the most of any program.) [Originally broadcast Jan. 4, 2026.]
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including "Mary Hartman, Mary Hartman" actress Louise Lasser, and singer Bonnie Tyler, best known for "Total Eclipse of the Heart."
Technology
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Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
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.
MSG tracked celebrities, WIRED reports
A major database breach at James Dolan's Madison Square Garden arena revealed an apparent internal list tracking nearly 40,000 celebrities, according to a new report from WIRED. The report alleges that surveillance labels included "LGBTQIA," "DO NOT HOST," and evaluated individuals on a "risk" level. MSG claims the report is inaccurate. WIRED contributing editor Noah Shachtman joins "CBS News 24/7" to discuss his reporting.
Breaking down the Texas app store age law
Earlier this week, the Supreme Court said it would allow Texas to enforce a law requiring app stores to verify users' ages while the issue plays out in the lower courts. CBS News legal contributor Jessica Levinson breaks down the constitutional question.
Science
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Science
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
Crime
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Kansas woman convicted of double murder after three trials
Mike Sisco and his girlfriend Karen Harkness were gunned down in her Topeka, Kansas, home in 2002. Authorities believed it was a crime of passion. Sisco's daughter set out to help prove it was her mother, Dana Chandler, who was responsible.
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
Nolan Wells' parents speak out
Teen football player Nolan Wells was found dead on a Mississippi island days after he vanished during a July Fourth outing. Wells' parents are searching for answers, saying that they don't believe their son would have stayed behind on the island by choice.
Takeaways from weeklong Tyler Robinson hearing
The weeklong pre-trial hearing for the man accused of killing conservative activist Charlie Kirk wrapped up on Friday with the defense calling one final witness to the stand. CBS News legal contributor Jessica Levinson joins with analysis.
Indictments in White House UFC attack plot
Eight people have each been charged with conspiracy counts over a planned attack at the UFC event that was held at the White House in June. CBS News' Jake Rosen reports.
Space
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Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
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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.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
The Vatican's Orphans
For decades, unwed mothers in Italy were pressured to give up children born out of wedlock. Thousands were sent to America. Now some families are reuniting and looking for answers.
Christopher Nolan: The 60 Minutes Interview
Christopher Nolan, director of "Oppenheimer," "Inception," "Interstellar," and "The Dark Knight," imagines every movie is the last he'll make, leading him toward an ambitious plan for "The Odyssey."
Welcome to Sealand: World's smallest state
Sealand, an offshore platform off England's coast, is the world's smallest state. It has just one permanent resident and its own royal family.
Sen. Dick Durbin on Lindsey Graham's legacy
Democratic Sen. Dick Durbin of Illinois joins CBS News 24/7 to discuss his friendship and political clashes with Sen. Lindsey Graham, who died suddenly this weekend.
How Sen. Graham's seat will get filled
Longtime South Caroline Republican Sen. Lindsey Graham died at 71 after a "brief and sudden illness," his office said early Sunday morning. CBS News' Major Garrett breaks down how his Senate seat will be filled.