Egg prices are falling after five months of price hikes
The average cost of a dozen Grade A eggs fell to $4.21 last month from a high of $4.82 in January.
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The average cost of a dozen Grade A eggs fell to $4.21 last month from a high of $4.82 in January.
Fed "stuck between a rock and a hard place" as it must now decide if the banking system can handle more interest-rate hikes.
Investors are reacting to the latest consumer price index numbers and the failure of Silicon Valley Bank and Signature Bank. Joe Saluzzi, co-founder and partner of brokerage firm Themis Trading LLC, joined CBS News' Anne-Marie Green and Nikki Battiste to discuss the reaction, what Meta's layoffs mean for the tech sector and a looming potential interest rate hike.
The consumer price index rose 0.4% in February and 6% year-over-year, showing signs that inflation is easing year over year. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Nikki Battiste to discuss the latest numbers, moves the federal government made to avoid a banking crisis and a potential interest rate hike.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
The stock market closed relatively flat a day after the federal government took action to ensure that Silicon Valley Bank's customers would not lose their deposits in the bank's collapse. CBS News business analyst Jill Schlesinger joined Elaine Quijano to discuss how the action will impact investors and consumers going forward.
President Biden spoke with California Gov. Gavin Newsom on Saturday night about the government's response to SVB failure. The turbulence comes at a curious moment for the U.S. economy, as the continued strength of the labor market feeds concerns about persistent inflation. Mark Strassmann reports from Atlanta on America's economic crossroads.
At least 16 dead after helicopter crash near Kyiv; inflation and bird flu cause egg prices to double over the past year.
Russia launches new missile attack on Ukraine; Gen Z and millennials struggle to save money.
Child care costs in the United Kingdom are soaring as availability dwindles. And in China, inflation rates sank to a one-year low. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Shanelle Kaul for MoneyWatch International.
New weekly jobless claims rose to the highest numbers in five months, and the February numbers are due out Friday. CBS News' Jim Axelrod and Nikki Battiste are joined by Daniel Altman, chief economist for the flexible job platform Instawork.
Layoffs remain historically low as labor market continues to be largely unaffected by Fed's interest rate hikes.
Federal Reserve Chairman Jerome Powell testified to the Senate Banking Committee Tuesday that interest rates could rise higher and faster than anticipated in an effort to fight inflation. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBS News' John Dickerson to discuss the comments, plus a new corporate trend that's convincing consumers to spend more on similar products.
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Investors pulled back after the Federal Reserve Chair said policy makers may accelerate interest-rate hikes.
Fed chair expected to reinforce his commitment to continue pushing up borrowing costs to rein in inflation.
Home shortages and inflation have forced many retirees to move in with family members. The trend has also contributed to the growing popularity of housing options such as accessory dwelling units. Carter Evans has more.
Mark Lehmann, CEO of JMP Securities, a Citizens Company, joined CBS News on Friday to discuss the state of the tech industry and the U.S. economy after the closing bell on Wall Street.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
In honor of America Saves Week, CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the best ways to dig yourself out of debt and replenishing your savings. New government data shows Americans' personal savings rate is at a low of 4.7%.
Daryl Fairweather, a chief economist for Redfin, joins CBS News' Errol Barnett and Elaine Quijano to explain what's driving the decline in mortgage applications. She also discusses forecasts for the housing market's 2023 performance.
The cost of organic chicken has more tripled over the last year, while produce prices have also jumped.
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
Some policy experts are urging the central bank to stop jacking up interest rates before it tanks the economy.
Harley Finkelstein, the president of Shopify, joins Lilia Luciano and Lana Zak to discuss what consumers are buying and how the rise of online retail has affected consumer spending, as well as discusses how Shopify's decision to cut back its meetings has benefited the company.
The war, which shows no signs of ending soon, has upended global air travel, disrupted oil exports from the region and sent fuel prices rising across the world.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
Ukrainian President Volodymyr Zelenskyy says he is ready for the next trilateral peace talks with the U.S. and Russia, but the meeting depends on Washington and Moscow.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
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.
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?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
The following is the transcript of the interview with Iranian Foreign Minister Abbas Araghchi that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
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.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
The following is the transcript of the interview with Iranian Foreign Minister Abbas Araghchi that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
When the Kremlin's propaganda machine framed the invasion of Ukraine as a heroic calling, drilling the message into schoolchildren, one brave teacher turned his camera onto that indoctrination. The result: a remarkable Oscar-nominated documentary.
Ukrainian President Volodymyr Zelenskyy says he is ready for the next trilateral peace talks with the U.S. and Russia, but the meeting depends on Washington and Moscow.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Acclaimed filmmaker Frederick Wiseman, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies," "High School," and "Hospital." In an interview with "Sunday Morning" recorded last year, the pioneering Wiseman talked with David Pogue about his unusual production methods aimed at capturing life, in films as funny, sad, and tragic as any fiction film.
The Irish actor, an Oscar-winner for "Oppenheimer," is back in a new film, "Peaky Blinders: The Immortal Man," a follow-up to his hit TV series about a charismatic gangster who rules post-World War I Birmingham, England.
In this web exclusive, Academy Award-winning actor Cillian Murphy talks with Seth Doane about returning as gangster Tommy Shelby in a new film, "Peaky Blinders: The Immortal Man," a follow-up to the cult TV series. He also talks about how London was a formative city for him; the search for good writing; and "messing around" with music.
Cillian Murphy, an Oscar-winner for "Oppenheimer," is back in a new film, "Peaky Blinders: The Immortal Man," a follow-up to his hit TV series about a charismatic gangster who rules post-World War I Birmingham, England. The Irish actor talks with Seth Doane about the appeal of portraying complicated or tormented characters; taking his work "deadly seriously"; and trying to have a nose for great writing.
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 deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
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.
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.
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 Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
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.
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.
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
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.
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 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.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
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.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Acclaimed filmmaker Frederick Wiseman, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies," "High School," and "Hospital." In an interview with "Sunday Morning" recorded last year, the pioneering Wiseman talked with David Pogue about his unusual production methods aimed at capturing life, in films as funny, sad, and tragic as any fiction film.
In this web exclusive, Academy Award-winning actor Cillian Murphy talks with Seth Doane about returning as gangster Tommy Shelby in a new film, "Peaky Blinders: The Immortal Man," a follow-up to the cult TV series. He also talks about how London was a formative city for him; the search for good writing; and "messing around" with music.
Cillian Murphy, an Oscar-winner for "Oppenheimer," is back in a new film, "Peaky Blinders: The Immortal Man," a follow-up to his hit TV series about a charismatic gangster who rules post-World War I Birmingham, England. The Irish actor talks with Seth Doane about the appeal of portraying complicated or tormented characters; taking his work "deadly seriously"; and trying to have a nose for great writing.
When True, a five-year-old under the care of social services, was dropped off for heart surgery at Children's Nebraska, an Omaha children's hospital, anesthesiologist Dr. Amy Beethe found him in pre-operative care all alone. Beethe decided that True needed a stable home. But what she and her husband, Ryan, gave True when they adopted the boy didn't end there. Steve Hartman reports on a doctor who believed saving lives wasn't just her day job.
For 30 years Sofia Coppola and Marc Jacobs have been friends and collaborators. Now, the Oscar-winning filmmaker has made her first documentary about the fashion designer, "Marc By Sofia." They talk with Anthony Mason about their friendship, and how Jacobs brought a punk sensibility to the runway.