U.S. economy slowed more than expected last quarter
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
Inflation
Fed notes released on quarter-point hike
The stock market stayed relatively flat Wednesday following the release of the Federal Reserve's minutes prior to its last interest rate hike. CapWealth chief investment officer Tim Pagliara joined CBS News to discuss.
Maneuvering the housing market slowdown
Existing home sales declined once again in January for the 12th straight month, to the lowest level posted in more than 12 years. Veronica Dagher, a personal finance reporter for the Wall Street Journal, joins CBS News to discuss how you should maneuver the market if you're looking for a new home.
Rough day for the Dow Jones
The Dow Jones ended the day in the red, down about 700 points. The slide comes as big box retailers predict a rough outlook for 2024. Business journalist Kristin Myers joined CBS News to discuss what the numbers mean for the market.
Stocks tumble on worries of company profits, higher rates squeeze
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
What moved stocks and economy this week
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
Here are the latest tech layoffs as the industry shudders
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
MoneyWatch: How to lower credit card debt
Personal finance columnist Michelle Singletary joins CBS News' Errol Barnett and Elaine Quijano to offer some tips for lowering credit card debt as consumers grapple with inflation and rising interest rates.
Dow Jones plummets after inflation report
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
Latest numbers on inflation trends
The Producer Price Index rose 0.7% in the month of January, suggesting inflation pressures continue to hit the economy. CBS MoneyWatch reporter Aimee Picchi joined Anne-Marie Green and Nancy Chen to discuss what the numbers mean for consumers and why prices remain high at the grocery store.
Unemployment likely to surge this year, CBO says
U.S. debt is projected to almost double to $46.4 trillion in 2033, partly due to higher costs for Social Security.
53% of student borrowers say financial health tied to debt relief
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
IRS: State payments not subject to federal tax
The Internal Revenue Service says it will not be collecting federal taxes against payments issued in several states last year to offset inflation. But, certain requirements are being imposed in some states. Rebecca Walser, president of Walser Wealth Management, joins CBS News' Lilia Luciano and Lana Zak to answer questions about the tax confusion.
Understanding U.S. inflation trends
The latest Consumer Price Index report shows inflation slowing overall, but the numbers in January were higher than anticipated. Lori Bettinger, the president of Bancalliance, joins CBS News to explain what the report means.
Food prices continue to rise, with groceries a "pain point"
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
Inflation rate rose at slower pace in January
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
Inflation fell in January, but more slowly than forecast
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
More companies to report Q4 earnings
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Some Super Bowl party snacks will cost less this year
Americans watching Sunday's big game will spend less for meat and some other items for their Super Bowl parties this year.
Americans expected to spend $26 billion for Valentine's Day
Valentine's spending is expected to go up year-over-year as consumers expand their gift-giving to friends — and even pets.
How State of the Union impacted stocks
The Dow Jones ended Wednesday in the red following President Biden's State of the Union address. Dan Geltrude, founder of accounting firm Geltrude and Company, joined CBS to discuss the economic impact of the speech.
Biden touts progress on economy
Jared Bernstein, a member of the White House Council of Economic Advisers, joined CBS News to discuss the optimistic message in President Biden's State of the Union address and the state of the American economy.
Car insurance rates on the rise in U.S.
Consumers are seeing an alarming rise in car insurance rates. According to a recent study, the average cost for full coverage is over $2,000 a year nationwide, an increase of nearly 14% from last year. Bankrate analyst Cate Deventer joined "CBS News Mornings" to discuss.
President Biden to address America on Tuesday night
CBS News senior White House correspondent Weijia Jiang has some early excerpts from the president's State of the Union speech, plus details on who Mr. Biden has personally invited to Capitol Hill.
Biden expected to tout economy in address
The latest jobs report shows the unemployment rate is at its lowest level in 50 years. Terry Haines, founder of Pangaea Policy, joined CBS News to discuss how President Biden could frame his administration's economic record.
Americans weigh in on cost of living, Trump, expectations for 2026 in poll
More see Trump's policies responsible for economy today than Biden's; there are also concerns about AI impact on jobs.
Hassett says $2,000 tariff checks for Americans will depend on Congress
Director of the National Economic Council Kevin Hassett said Sunday that President Trump's idea to give Americans $2,000 checks funded by tariff revenue will "depend on what happens with Congress."
Khanna says DOJ Epstein files release was a "slap in the face" to survivors
Rep. Ro Khanna said the release of an initial tranche of files and photos related to late sex offender Jeffrey Epstein was a "slap in the face of survivors," while Rep. Thomas Massie said the DOJ is "flouting the spirit and the letter of the law."
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
The pursuit of the tanker, off the coast of Venezuela, is the second such operation this weekend and the third in less than a week.
Thousands of mourners gather at Bondi Beach to honor attack victims
Prime Minister Anthony Albanese, whose government earlier this year recongized a Palestinian state, was booed by the crowd.
Israel's Cabinet approves 19 new settlements in West Bank
The latest approvals bring the total number of new settlements over the past two years to 69, Finance Minister Betzalel Smotrich posted on social media.
Suspected Brown and MIT professor shooter showed signs of anger, former friend says
A former friend of the man accused of the deadly Brown University shooting and killing an MIT professor described him as a "socially awkward" person who showed signs of anger during their time on campus together.
MS-13 gang member sentenced to 1,335 years in prison in El Salvador
Earlier this year, the U.S. designated MS-13, which was formed in Los Angeles in the 1980s by Salvadoran immigrants, a terrorist organization.
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.
More U.S.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Georgetown coach suspended for one game for water bottle throw
Georgetown men's basketball coach Ed Cooley was suspended by the school on Sunday for one game after throwing a water bottle into the stands at the end of a loss to Xavier the night before.
Full transcript of "Face the Nation with Margaret Brennan," Dec. 21, 2025
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Thomas Massie and Ro Khanna join Margaret Brennan.
Khanna says DOJ Epstein files release was a "slap in the face" to survivors
Rep. Ro Khanna said the release of an initial tranche of files and photos related to late sex offender Jeffrey Epstein was a "slap in the face of survivors," while Rep. Thomas Massie said the DOJ is "flouting the spirit and the letter of the law."
Hassett says $2,000 tariff checks for Americans will depend on Congress
Director of the National Economic Council Kevin Hassett said Sunday that President Trump's idea to give Americans $2,000 checks funded by tariff revenue will "depend on what happens with Congress."
MoneyWatch
More MoneyWatch
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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Full transcript of "Face the Nation with Margaret Brennan," Dec. 21, 2025
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Thomas Massie and Ro Khanna join Margaret Brennan.
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
The pursuit of the tanker, off the coast of Venezuela, is the second such operation this weekend and the third in less than a week.
Khanna says DOJ Epstein files release was a "slap in the face" to survivors
Rep. Ro Khanna said the release of an initial tranche of files and photos related to late sex offender Jeffrey Epstein was a "slap in the face of survivors," while Rep. Thomas Massie said the DOJ is "flouting the spirit and the letter of the law."
Transcript: Reps. Thomas Massie and Ro Khanna on "Face the Nation with Margaret Brennan," Dec. 21, 2025
The following is the transcript of the interview with Reps. Thomas Massie, a Kentucky Republican, and Ro Khanna, a California Democrat, that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025.
Transcript: UNICEF's Catherine Russell on "Face the Nation with Margaret Brennan," Dec. 21, 2025
The following is the transcript of the interview with UNICEF Executive Director Catherine Russell that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025.
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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MS-13 gang member sentenced to 1,335 years in prison in El Salvador
Earlier this year, the U.S. designated MS-13, which was formed in Los Angeles in the 1980s by Salvadoran immigrants, a terrorist organization.
U.S. Coast Guard pursuing third oil tanker off Venezuela coast, source says
The pursuit of the tanker, off the coast of Venezuela, is the second such operation this weekend and the third in less than a week.
Thousands gather for winter solstice celebrations at Stonehenge
Many make the pilgrimage to the stone circle every summer and winter and consider it a spiritual experience.
Transcript: Reps. Thomas Massie and Ro Khanna on "Face the Nation with Margaret Brennan," Dec. 21, 2025
The following is the transcript of the interview with Reps. Thomas Massie, a Kentucky Republican, and Ro Khanna, a California Democrat, that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025.
Transcript: UNICEF's Catherine Russell on "Face the Nation with Margaret Brennan," Dec. 21, 2025
The following is the transcript of the interview with UNICEF Executive Director Catherine Russell that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025.
Entertainment
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Entertainment
Young People's Chorus of NYC: "Jolly Toyland"
To mark the Christmas season, "Sunday Morning" presents a performance by the Young People's Chorus of New York City, of "Jolly Toyland," arranged by Francisco J. Nunez.
Young People's Chorus of NYC: "Deck the Halls"
"Sunday Morning" gifts to its viewers a Christmas tradition: a performance by the Young People's Chorus of New York City. They present "Deck the Halls," arranged by Francisco J. Nunez and Jim Papoulis.
Sean Ono Lennon on being caretaker of the legacy of John Lennon & Yoko Ono
The musician-songwriter-producer, who says he feels a responsibility to promote his parents' legacy, talks about the animated short inspired by their anti-war anthem, "Happy Xmas (War Is Over)," and the new HBO documentary "One to One: John & Yoko."
Extended interview: Sean Ono Lennon
In this web exclusive, Sean Ono Lennon talks with Anthony Mason about The Claypool Lennon Delirium, his musical collaboration with Les Claypool of Primus, and his upcoming jazz album. He also discusses his animated short film, "War Is Over!"; his custodianship of the musical legacy of his parents, John Lennon and Yoko Ono; how concert footage and previously-unknown private recordings came together in the documentary "One to One"; and how creating art is "a fundamental force" in his life.
Sean Ono Lennon on the legacy of John & Yoko
The music of The Beatles, and of John Lennon and Yoko Ono, is timeless. And yet, musician, songwriter and producer Sean Ono Lennon says he feels a responsibility to promote his parents' legacy, by reminding the world of its power. He talks with Anthony Mason about the Oscar-winning animated short inspired by their anti-war anthem "Happy Xmas (War Is Over)"; and of the new HBO documentary "One to One: John & Yoko," which features material he'd never heard before.
Technology
More Technology
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
More Science
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
Khanna on full Epstein file release
Reps. Ro Khanna, a California Democrat, and Thomas Massie, a Kentucky Republican, who pushed for the Justice Department to release the Jeffrey Epstein files, said the problem with the release isn't that it's "taking too long" and but that Friday's release is a "slap in the face of survivors."
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.
Space
More Space
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
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.
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
Face the Nation: Hassett, Russell, Coakley
Missed the second half of the show? White House National Economic Council Director Kevin Hassett, UNICEF Executive Director Catherine Russell and Archbishop Paul S. Coakley join.
12/21: Face The Nation
This week on "Face the Nation with Margaret Brennan," Republican Rep. Thomas Massie and Democratic Rep. Ro Khanna join to discuss the newest batch of Jeffrey Epstein files released by the Justice Department. National Economic Council Director Kevin Hassett and UNICEF Executive Director Catherine Russell also join.
Hassett on tariff checks
Top White House economic adviser Kevin Hassett said that President Trump's proposed $2,000 checks to Americans from tariff revenue would "have to be money that would be an appropriation," which would have to be approved by Congress.
Investigation
Beauty Exposed: "Sephora kids," cosmetic companies, and California law | CBS News California Investigates
Get-ready-with-me videos saturate social media feeds, targeting young girls with multi-step skincare routines where popular brands partner with kid-fluencers to create viral skincare products. The skincare industry is cashing in on so-called "Sephora kids," fueled by Gen Alpha (kids under 12). But dermatologists warn that many viral products contain anti-aging ingredients that can harm young skin, and it's hard to tell the products apart. A California lawmaker wants to restrict the sale of some anti-aging products for kids under 18. Critics say that's misguided. So, CBS News California investigative correspondent Julie Watts teamed up with her daughter's fifth-grade class and the CBS News Confirmed team to examine the risks and the proposed solutions. WATCH PART 1 - Investigating "Sephora Kid" Concerns: How skincare brands make billions selling products to tweens. WATCH PART 2 - Investigating "Sephora Kids" Solutions: Fifth-graders help investigate California bill targeting anti-aging skincare sales to minors. READ MORE HERE: https://www.cbsnews.com/news/skincare-industry-products-tweens-harm-young-skin/
Archbishop Coakley on deportations
Archbishop Paul Coakley, the president of the U.S. Conference of Catholic Bishops, said that President Trump's deportation campaign is instilling fear, and "that's something that concerns us all, that people have a right to live in, in security and without fear of random deportations."