Biden announces nominees to fill out the U.S. Federal Reserve
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Inflation
Regional bank stocks tumble
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Inflation falls to level not seen since 2021
Inflation is down to 4.9% - its first time below 5% since 2021. John Leer, chief economist at Morning Consult, joins to discuss how the Federal Reserve could respond.
Italy calls a crisis meeting over surging pasta prices
Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.
New economic data signals easing inflation
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
Investors react as inflation slows
Stocks closed relatively flat Wednesday following the release of Consumer Price Index data for April. Wells Fargo senior global markets strategist Scott Wren joins CBS News to explain what the new inflation numbers mean for consumers and investors.
Starbucks customers peeved at new $1 charge for "no water" drinks
Coffee chain says the charge is necessary because the cold juice drinks are more expensive to make when not diluted.
Inflation cools to 4.9% in April
New data released Wednesday by the Bureau of Statistics showed inflation cooled to an annual rate of 4.9% in April, but is still short of the Federal Reserve's goal of 2%. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joined CBS News to discuss whether this report is in line with what economists predicted, and what to expect from housing costs.
Consumer Price Index up 0.4% in April
The Consumer Price Index shows inflation rose 0.4% between March and April. Prices rose 4.9% year-over-year. Axios managing editor for business and markets and CBS News contributor Javier David discusses what this means for the economy with Anne-Marie Green and Vlad Duthiers.
Inflation rate falls below 5% for first time since June 2021
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Investors monitoring debt ceiling, inflation data
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
Food inflation is easing. Here's where shoppers can get a break.
Grocery costs are rising at a slower pace, with some food items actually dipping.
Markets, money and Americans' mental health
Stocks closed flat Monday as investors await new data on consumer and producer prices. Bankrate senior industry analyst Ted Rossman joins CBS News to discuss the markets as well as a new survey on personal finances and mental health.
Corporate profits could be fueling inflation
Some companies are raising prices faster than costs are increasing, fueling inflation. CBS News' Tony Dokoupil and Errol Barnett are joined by Wall Street Journal reporter Paul Hannon with more.
Airbnb CEO on new features, safety and AI
Airbnb co-founder and CEO Brian Chesky joins "CBS Mornings" to discuss the company's 2023 Summer Release, including some new features and a focus on Airbnb Rooms. Plus, he addresses users safety, privacy concerns, the impact of inflation and a possible recession.
European Central Bank raises interest rates
Inflation in the Eurozone ticked up to 7% in April. The European Central Bank raised interest rates to 3.25% and indicated more hikes are to come. Brendan McKenna , an international economist for Wells Fargo, joined CBS News to compare the ECB and Federal Reserve's approaches to inflation.
Markets react to jobs report, interest rates
Javier David, a CBS News contributor and managing editor for business and markets for Axios, and Jeanna Smialek, an economics reporter for The New York Times, join us to discuss the latest financial news, including the April jobs report released today, the Federal Reserve's decision to raise interest rates again this week, and the health of the nation's banking system.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
How to save money as inflation remains high
Many Americans are struggling to save money as inflation keeps costs high. Jennifer Streaks, a senior personal finance reporter for Business Insider, shares tips on how to increase financial stability.
Fed indicates pause after latest rate hike
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Interest rates highest since 2007
The Federal Reserve pushed interest rates to the highest point since 2007 to combat inflation. Critics warn the hikes could lead to a recession. Nancy Cordes reports.
Federal Reserve poised to raise interest rates
The Federal Reserve is expected to raise interest rates Wednesday for the tenth consecutive time in just over a year. Rod von Lipsey, a managing director for UBS Private Wealth Management, joins Errol Barnett and Lana Zak to discuss the anticipated decision.
Fed expected to again hike interest rates
The Federal Reserve is expected to hike interest rates again in an attempt to lower high inflation rates. Jeanna Smialek, Federal Reserve and economy reporter at The New York Times, joins "CBS News Mornings" to explain the impact of the previous rate hikes and why they've continued.
Rate hike expected Wednesday
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Live
Trump calls Iran "duplicitous" after they deny his claim talks are resuming
President Trump called Tehran "unbelievably duplicitous" on Monday after Iran dismissed his claim that talks with the U.S. were set to restart.
Cornyn, Tillis back Blanche for attorney general after deal on DOJ fund
GOP Sens. John Cornyn of Texas and Thom Tillis of North Carolina formally announced their support on Monday for Todd Blanche's nomination for attorney general.
Fast-moving wildfires in Spokane area destroy hundreds of homes
Spokane Mayor Lisa Brown called the wildfires burning through the area the "worst natural disaster our region has faced."
Morocco blames Ceuta border surge on misleading info spread online
Morocco is blaming a massive surge of migrants into Ceuta on various factors, including "malicious exploitation of digital platforms" and the spread of misleading information.
RFK Jr., Oz blame ACA enrollment drop on fraud, but experts cite rising costs
Rising premiums forced many people in Affordable Care Act plans to give up their coverage. But the Trump administration claims a huge drop in enrollment is almost entirely due to its fraud crackdown.
Senate pushes ahead with plan to fund government through midterms
The Senate is moving ahead with a plan to keep the government funded and avoid another shutdown before the midterm elections.
JPMorgan Chase to invest $750 billion in boosting housing and homebuying
JPMorgan Chase said the investment will include financing for 1 million affordable housing units and assistance to 500,000 people in buying homes.
Zac Brown Band surprises 37,000 Fenway Park concert fans with free cruises
Zac Brown Band celebrated their 15th straight sold-out concert at Fenway Park in Boston by giving everyone a free vacation on a cruise ship.
Idaho In-N-Out shooting suspect identified after 3 killed, 7 wounded
The suspect, identified as 24-year-old Chad Williams, died from a self-inflicted gunshot wound, police said.
U.S.
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JPMorgan Chase to invest $750 billion in boosting housing and homebuying
JPMorgan Chase said the investment will include financing for 1 million affordable housing units and assistance to 500,000 people in buying homes.
Federal workers sour on government work, decrying eroding job security
Nearly two-thirds of current and retired U.S. government workers said they wouldn't re-enter public service, according to a recent survey.
Cornyn, Tillis back Blanche for attorney general after deal on DOJ fund
GOP Sens. John Cornyn of Texas and Thom Tillis of North Carolina formally announced their support on Monday for Todd Blanche's nomination for attorney general.
Senate pushes ahead with plan to fund government through midterms
The Senate is moving ahead with a plan to keep the government funded and avoid another shutdown before the midterm elections.
Ariana Grande pulls out of musical over "endless, ongoing public scrutiny"
Ariana Grande had been due to star alongside her "Wicked" co-star Jonathan Bailey in a production of "Sunday in the Park with George" in 2027.
MoneyWatch
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JPMorgan Chase to invest $750 billion in boosting housing and homebuying
JPMorgan Chase said the investment will include financing for 1 million affordable housing units and assistance to 500,000 people in buying homes.
Federal workers sour on government work, decrying eroding job security
Nearly two-thirds of current and retired U.S. government workers said they wouldn't re-enter public service, according to a recent survey.
Hugging Face CEO calls hack by rogue OpenAI model "very weird and unprecedented"
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
Flights canceled as WestJet flight attendants strike over pay dispute
WestJet canceled more than 300 flights as of early Sunday, snarling travel plans in Canada in the middle of a three-day weekend.
Nearly 1 in 4 Americans want CEOs to "stop being greedy," survey finds
New poll explores what people wish corporate leaders understood about economic life in the U.S. today.
Politics
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Cornyn, Tillis back Blanche for attorney general after deal on DOJ fund
GOP Sens. John Cornyn of Texas and Thom Tillis of North Carolina formally announced their support on Monday for Todd Blanche's nomination for attorney general.
Senate pushes ahead with plan to fund government through midterms
The Senate is moving ahead with a plan to keep the government funded and avoid another shutdown before the midterm elections.
RFK Jr., Oz blame ACA enrollment drop on fraud, but experts cite rising costs
Rising premiums forced many people in Affordable Care Act plans to give up their coverage. But the Trump administration claims a huge drop in enrollment is almost entirely due to its fraud crackdown.
Acting attorney general issues order rescinding "anti-weaponization fund"
The order came after Republican Senators Thom Tillis and John Cornyn threatened to block Blanche's confirmation for Attorney General if the fund was not rescinded in writing.
Hugging Face CEO calls hack by rogue OpenAI model "very weird and unprecedented"
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
HealthWatch
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RFK Jr., Oz blame ACA enrollment drop on fraud, but experts cite rising costs
Rising premiums forced many people in Affordable Care Act plans to give up their coverage. But the Trump administration claims a huge drop in enrollment is almost entirely due to its fraud crackdown.
She went to "hell and back" for a diagnosis. Then her sister showed symptoms.
Megan Kaverman's weight gain, fatigue, high blood pressure and other symptoms were dismissed for years before she was diagnosed with a rare heart disease.
Peptide vendor sentenced for "trail of harm"
A federal judge sentenced the owner of a peptide company to nearly 6 years in prison for deceiving customers and selling products adulterated with steroids, citing a "trail of harm." Adam Yamaguchi reports.
People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
Senate committee advances Dr. Erica Schwartz to be Trump's CDC director
If confirmed by the full Senate, Dr. Erica Schwartz would become the 22nd director of the Atlanta-based Centers for Disease Control and Prevention.
World
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Human remains exhumed at WWII massacre site in Ukraine
It is believed that 30 to 40% of the 50 remains so far discovered at the site were children.
Morocco blames Ceuta border surge on misleading info spread online
Morocco is blaming a massive surge of migrants into Ceuta on various factors, including "malicious exploitation of digital platforms" and the spread of misleading information.
Live
Trump calls Iran "duplicitous" after they deny his claim talks are resuming
President Trump called Tehran "unbelievably duplicitous" on Monday after Iran dismissed his claim that talks with the U.S. were set to restart.
Suspect arrested in Greece after U.K. woman's body found in suitcase
Police say the suspect transported the body to an abandoned site in a suitcase and subsequently used her bank cards to withdraw money.
Transcript: Sen. Mark Kelly on "Face the Nation with Margaret Brennan," Aug. 2, 2026
The following is the transcript of an interview with Democratic Sen. Mark Kelly of Arizona that aired on "Face the Nation with Margaret Brennan" on Aug. 2, 2026.
Entertainment
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Entertainment
Paul W. Downs on historic "Hacks" Emmy run
Actor Paul W. Downs talks with "CBS Mornings" about the final season of "Hacks" and reveals if there could be a spinoff of the popular series. Downs also describes what it was like to tell his co-star Meg Stalter that she was nominated for an Emmy Award.
Controversy surrounding the next Met Gala
The 2027 Met Gala is already causing controversy for its plan to feature John Galliano, who is known for his theatrical and dramatic designs. Galliano's legacy is also marked by antisemitic and racist comments, which he has since apologized for. CBS News fashion contributor Lauren Sherman speaks with "CBS Mornings" about Galliano's work, legacy and the Met Gala's controversial decision.
Ariana Grande pulls out of musical over "endless, ongoing public scrutiny"
Ariana Grande had been due to star alongside her "Wicked" co-star Jonathan Bailey in a production of "Sunday in the Park with George" in 2027.
Zac Brown Band surprises 37,000 Fenway Park concert fans with free cruises
Zac Brown Band celebrated their 15th straight sold-out concert at Fenway Park in Boston by giving everyone a free vacation on a cruise ship.
Scarlett Johansson, skin care mogul
Actress Scarlett Johansson has played many roles in her career – and now, the Tony-winner and two-time Oscar-nominee has taken on another: launching her new line of products, called The Outset, designed for people with sensitive skin (like hers). She talks with correspondent Tracy Smith about her skin struggles, and how husband Colin Jost has been a "guinea pig" for her products. (Originally broadcast April 12, 2026.)
Technology
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Technology
U.S. probes cyberattack on water systems
Lauryn Williams, the deputy director and senior fellow of the Strategic Technologies Program at the Center for Strategic and International Studies, joins to discuss the U.S. probe into Iran possibly targeting water systems in Michigan and Minnesota.
Hugging Face CEO calls hack by rogue OpenAI model "very weird and unprecedented"
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
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.
CEO of AI firm Hugging Face on OpenAI hack
ChatGPT maker OpenAI revealed that its technology hacked into another AI company on its own during internal testing. Hugging Face CEO Clement Delangue, whose company was hacked, described the "very weird and unprecedented" incident in an interview on "Face the Nation with Margaret Brennan" -- and offered suggestions on how future incidents could be prevented.
Resistance grows nationwide against AI data center boom
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications of such facilities in their backyards, are fighting back. "Sunday Morning" national correspondent Robert Costa examines the drive to construct AI data centers, and the debate between opponents and AI advocates. (Originally broadcast April 12, 2026.)
Science
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Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Rare video shows humpback whale birth
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Crime
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Crime
Nancy Guthrie ransom notes released
Six months after Nancy Guthrie went missing, the Pima County, Arizona, sheriff has released two ransom notes, including one that claims Guthrie died "shortly after she was taken." Jonathan Vigliotti reports.
Deadly shooting at Idaho In-N-Out
Officials say three people were killed and seven were injured in a shooting at an In-N-Out in Idaho over the weekend. Officials believe the shooter acted alone and are investigating possible motives. Lilia Luciano reports.
Nancy Guthrie case is "active," sheriff says
The investigation into Nancy Guthrie's disappearance is still "very active," Pima County Sheriff Chris Nanos said after two ransom notes were released. CBS News' Anna Schecter has more.
Suspect arrested in Greece after U.K. woman's body found in suitcase
Police say the suspect transported the body to an abandoned site in a suitcase and subsequently used her bank cards to withdraw money.
New details on deadly In-N-Out shooting
New details are emerging about this weekend's deadly mass shooting at an In-N-Out restaurant in Twin Falls, Idaho. At least three people were killed in the attack and seven others wounded. Lindsey Reiser reports.
Space
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Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Latest Galleries
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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.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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
Powerball heads across the pond
Andria Vidler, the CEO of Allwyn UK and The National Lottery, joins CBS News 24/7 to discuss Powerball sales beginning in the United Kingdom.
Trump admin. offers few details on Iran
Frustration has grown among both Republican and Democratic lawmakers over a lack of information on the U.S.-Iran conflict. CBS News' Margaret Brennan has more.
Oil prices slide amid Iran confusion
Oil prices dropped Monday after President Trump called off an apparent strike on Iran, and then said the U.S. was starting diplomatic talks. Iran denied the claim. David Uberti, a reporter for The Wall Street Journal, has more.
ICE detentions hit Trump-era high in July
Immigration and Customs Enforcement detentions hit a record high during President Trump's second term, internal agency data shows. CBS News' Camilo Montoya-Galvez has more.
Michigan Democrats brace for key primary race
Candidates in Michigan are gearing up for Tuesday's primary races, including Democratic Senate hopefuls Haley Stevens and Abdul Al-Sayed. CBS News' Fin Gomez has more.