Explaining the latest on inflation
The Consumer Price Index rose 0.4% last month with energy and housing prices contributing to the increase. Greg Robb, a senior economic reporter for MarketWatch, joined CBS News to break down the numbers.
Inflation
Could a housing market recession be looming?
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
PPI up slightly higher than expected
The Producer Price Index, measuring how much wholesale goods cost, rose half a percentage point in September, slightly higher than the 0.3% some experts expected. More than 40% of the increase can be attributed to a rise in energy costs. Business journalist Kristin Myers joined CBS News to discuss the numbers.
Chipotle to raise menu prices for 4th time in 2 years
Chipotle attributes plans to bump up menu prices again to "state of the economy," a company spokesperson told Insider.
Biden's new plan for more manufacturing jobs
During President Biden's remarks today on the September jobs market, he took questions on why sentiments among Americans about the economy may not reflect what the strength this month's data yields. Biden also announced more American jobs in manufacturing. CBS News chief White House correspondent Nancy Cordes has more.
High costs still making consumers angry
People across the country remain "deeply dissatisfied" with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on why consumers remain angry.
Why Social Security's next cost-of-living hike could hurt seniors
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Apple workers go on strike in France right as the iPhone 15 hits stores
Some 200 workers from Apple stores across France joined picket lines, vying for sidewalk space with customers eager to get the new iPhone 15.
Wholesale inflation on the rise
Wholesale inflation saw its biggest month-to-month gain since June 2022 last month, with the Producer P rice Index rising seven-tenths of a percent between July and August. Alcynna Lloyd, reporter for Insider, joined CBS News to discuss the numbers.
PPI for August higher than expected
The producer price index rose seven-tenths of a percent in August, a spike driven by the cost of energy. Hope King, senior business reporter for Axios, joined CBS News to discuss what the number means and if it will lead to another interest rate hike from the Fed.
What the August rise in inflation could mean
Inflation ticked up for a second straight month in August, with the Bureau of Labor Statistics reporting the biggest month-to-month increase in consumer prices all year. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News with analysis of the numbers.
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 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.
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Trump says Iran is "totally defeated" as war reaches 2-week mark
President Trump's comments came shortly after he said that the U.S. military had conducted "one of the most power bombing raids" on a vital Iranian oil hub.
How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Judge quashes subpoenas sent to Fed in DOJ criminal probe
A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.
Hamas calls on Iran to stop "targeting neighboring countries"
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
Man charged with selling stolen firearm used in Old Dominion shooting
The stolen gun used in the Old Dominion University was sold this week to the shooter for $100, according to a federal law enforcement affidavit.
U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
Jury finds defendants guilty of terrorism charges in attack on Prairieland ICE center
Nine defendants were on trial on charges related to the July 4 attack on the Prairieland ICE detention center in North Texas.
New details emerge on attack at Michigan synagogue and suspect's history
The attacker rammed a vehicle into Temple Israel in West Bloomfield and opened fire, but he was the only one killed, law enforcement officials said.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
U.S.
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How a beloved resident has been embraced by his town for more than a half-century
Clinton, New Jersey, is known primarily for its old grist mill, its quaint downtown, and its historic resident, "Dave the Rave."
DOJ moves to drop charges against man who burned American flag outside White House
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Man charged with selling stolen firearm used in Old Dominion shooting
The stolen gun used in the Old Dominion University was sold this week to the shooter for $100, according to a federal law enforcement affidavit.
Trump announces Ric Grenell stepping aside as Kennedy Center president
Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.
MoneyWatch
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How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Chart shows what you're paying for when you buy a gallon of gas
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
High oil prices are boosting airfares. These tips could save you money.
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
These 2 bills would erase income taxes for millions of Americans
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Toyota recalls 550,000 Highlander SUVs because seats may fail to lock
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
Politics
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U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
How would escorting oil tankers through Strait of Hormuz work?
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
DOJ moves to drop charges against man who burned American flag outside White House
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
Trump announces Ric Grenell stepping aside as Kennedy Center president
Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.
Exclusive
Security detail requested for U.S. official who asked for Lisa Cook, Adam Schiff probes
A security detail has been requested from the federal health department's inspector general for top federal housing official Bill Pulte.
HealthWatch
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A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Disease once linked to mining hits workers in countertops industry
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
World
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Police chase wild boar wandering in mall with blowgun, riot shields
The wild boar sparked a police response that drew in officers and veterinarians equipped with a tranquilizer gun, shields and even a blowgun.
Hamas calls on Iran to stop "targeting neighboring countries"
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
U.S. offers $10 million, chance to relocate for info on Iran's leaders
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
No injuries after explosion at Jewish school in Amsterdam, officials say
Amsterdam's mayor said police have CCTV footage of a person placing the explosive device against the school's exterior wall.
New release of oil reserves will put U.S. supplies at 40-year low
The latest release of oil follows historic withdrawals from the Biden administration to combat gas prices from the Ukraine war.
Entertainment
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Entertainment
Actors, fans prepare for 98th Oscars
The 98th Academy Awards Sunday will feature a battle of vampires versus revolutionaries as the films "Sinners" and "One Battle After Another" compete for many of the show's top prizes. Nigel Smith, senior movies editor for People, joins "The Daily Report" to discuss.
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
Texas prepares for SXSW 2026
Austin Mayor Kirk Watson joins CBS News 24/7 Mornings with the latest details on preparations for SXSW 2026.
2026 Oscar winner predictions
The 98th annual Academy Awards will be held on Sunday. With 10 films nominated for the night's biggest honor, best picture, an expert says there are only two major contenders. Entertainment Tonight's Nischelle Turner previews Hollywood's big night.
James Blake on new album, leaving his label
Grammy-winning artist James Blake speaks about making his first solo album as an independent artist. He talks to Anthony Mason about why he decided to leave his record label, what it's like to work with some of the world's biggest musicians and the passion behind his music.
Technology
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Technology
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberates in social media trial
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Judge in Charlie Kirk murder case makes ruling on media access
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
FBI: Synagogue attacker died by suicide
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials give update on synagogue attack
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
New details from Virginia, Michigan attacks
The U.S. is on high alert after two separate domestic attacks on Thursday: A shooting at Old Dominion University, and a car ramming at a Michigan synagogue. CBS News justice correspondent Scott MacFarlane has the latest details on the incidents.
Synagogue attacker spent $2,000 on fireworks
CBS News has learned that the man who attacked a Michigan synagogue on Thursday purchased $2,000 worth of fireworks days before the incident. CBS News' Anna Schecter has more.
Space
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Space
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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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.
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
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Latest CBS News Videos
The Woman Who Died Twice | Post Mortem
48 Hours correspondents Erin Moriarty and Anne-Marie Green discuss the murder of Mindi Kassotis on "Post Mortem." Her dismembered remains were discovered in the woods in 2022 after her husband told family and friends that Mindi had died in a hospital.
The Uplift: Surfing lessons
A Hawaii man gathers his group of friends to teach surfing lessons to strangers – and there is a powerful reason why they don't charge a cent. Plus, more heartwarming news.
From the archives: Nixon on 1973 oil crisis
Then-President Richard Nixon addressed the nation from the Oval Office during the 1973 energy crisis. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries in the Middle East banned the sale of oil to the U.S. and other countries, sharply raising gas prices for Americans as they faced their first fuel shortage since WWII.
From the archives: Grappling with the 1973 oil crisis
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.