Inflation is cooling, Fed Vice Chair Lael Brainard says
But central bank will have to keep interest rates elevated "for some time" to keep a lid on price increases, official notes.
Inflation
U.K.'s King Charles says property windfall should go to "wider public"
The royal family owns a lot of property, and plans for new wind farms are making it much more valuable.
Claims for jobless aid fall to lowest level in 4 months
Despite a spike in tech layoffs, most U.S. employers are holding on to their workers amid a tight job market.
Dow drops on negative retail sales report
The Dow Jones dropped more than 600 points Wednesday following the release of the December retail sales report by the U.S. Commerce Department. Kayla Bruun, an economic analyst for "Morning Consult", joined CBS News to provide her reaction to the report.
Market has biggest pullback of the year, led by tech
Dow falls more than 600 points, while sharp drop wipes out S&P 500's gains from last week.
The high cost of health care in America
The latest Gallup poll shows a record number of Americans delayed medical care in 2022 because they could not afford it. Pediatric airway surgeon Dr. Susannah Hills joined CBS News to break down the data.
Party City files for bankruptcy protection amid rising prices
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Thousands of U.K. nurses walk out as wave of strikes continues
Key health and transport workers, driving instructors, bus drivers and postal workers have all gone on strike in recent months in a standoff with the government.
What is causing egg prices to skyrocket?
Inflation has slowed for six months straight, but some grocery store staples have continued to skyrocket in price. Among items leaving consumers shell-shocked at the increased cost: eggs. Carter Evans takes a look.
Egg prices have soared 60% in a year. Here's why.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
IRS says tax refunds may be smaller
Tax season begins on Monday, and taxpayers should expect some changes this year. The IRS warned refunds could be smaller because of the expiration of COVID-19 relief initiatives. CBS MoneyWatch associate managing editor Aimee Picchi joined CBS News to discuss.
4 ways parents can cut their child care costs in 2023
As the new year kicks off, here are some tips for parents looking to save money amid high inflation.
GM president on future of electric vehicles
Popularity of electric vehicles soared in 2022 with around 7.8 million units sold globally. General Motors President Mark Reuss joined CBS News to discuss Chevrolet's new fully electric Corvette and the future of the electric vehicle industry.
What are the chances of a U.S. recession?
Despite signs of inflation easing up, many economists are still expecting the U.S. to fall into a recession. CBS News' Tony Dokoupil and Lana Zak are joined by Harriet Torry, economics reporter for the Wall Street Journal, to discuss the economic outlook.
World Economic Forum begins in Davos
World leaders and executives are gathering in Switzerland for the annual World Economic Forum. Simon Kennedy, executive editor for economics at Bloomberg News, joins "CBS News Mornings" to explain the main focus points for this year's meeting and how it differs from prior ones.
As Davos kicks off, Oxfam calls for tax on food companies
"Very large food and energy companies are making excessive profits," anti-poverty group chief said.
Margarine and butter prices are surging. Here's why.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
U.K. economy facing challenges
The British GDP grew slightly in the month of November, beating expectations from economists. CBS News foreign correspondent Ramy Inocencio joined Vladimir Duthiers and Anne-Marie Green to discuss what the numbers mean, as well as the impact of loosened travel restrictions for China's economy.
High housing costs force young adults to move home
Inflation appears to be slowing, as the Consumer Price Index fell to 6.5% in December. But the price of some items — like eggs — is skyrocketing. The high cost of housing is also having an impact on young people, forcing many to move home with their parents. Nancy Chen takes a look.
CPI report indicates inflation is slowing
The Consumer Price Index fell in December for the sixth straight month. It could be a sign the Federal Reserve will soon ease up on its aggressive interest rate hikes. Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, joined to CBS News for what this news means for the U.S. economy in 2023.
Inflation slowed to 6.5% in December from a year ago
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Americans' car debt reached $1.5 trillion
Americans owed more than $1.5 trillion on their car loans in the third quarter. New York Times business reporter Jack Ewing joins CBS News' Debra Alfarone to discuss a potential car bubble, inflation and rising interest rates and advice for consumers.
Stock market update & Big Tech layoffs
Stocks climbed Thursday after the latest Consumer Price Index report showed inflation slowing. But Big Tech companies are still going through a series of layoffs. Insider startups and VC reporter Samantha Stokes joined CBS News to discuss the latest on the economy.
Consumer prices rose more slowly in December
There is some positive news in the battle to tame inflation: the Consumer Price Index fell slightly from November to December, marking the sixth straight month of decelerating prices. CBS News reporter Sarah Ewall-Wice joins us with more.
As inflation eases, U.S. economy looks a little less bleak
With inflation showing signs of cooling down, Americans may yet evade a recession, experts said.
Exclusive
DHS memo directs ICE to ramp up asylum-related fraud cases
A top DHS official directed ICE attorneys to aggressively pursue administrative fraud cases against immigration lawyers accused of filing false asylum claims.
Live
Iran says U.S. violating ceasefire as Trump seeks "good deal or no deal"
As Iran accuses the U.S. of a "grave violation" of the fragile ceasefire, Rubio says a deal is still possible despite the latest clash.
Infrared camera on sailboat may hold clues in Lynette Hooker investigation
CBS News has learned the sailboat used by Brian and Lynette Hooker before her disappearance in the Bahamas had an infrared camera capable of detecting heat radiation.
Here's what to watch for in the Texas primary runoff election today
Sen. John Cornyn is facing off against Texas Attorney General Ken Paxton, who received President Trump's endorsement.
Trump undergoes "6 month physical" at Walter Reed
President Trump on Tuesday underwent a "6 month physical at Walter Reed National Military Hospital, he posted on social media.
Supreme Court rejects NFL's bid to step into coach's racial discrimination suit
The Supreme Court turned away an appeal by the NFL stemming from coach Brian Flores' racial discrimination suit, allowing his case to proceed in federal court.
Court blocks Alabama congressional map with 1 majority-Black district
The three-judge district court panel ordered Alabama to use a congressional map with two majority-Black districts in the upcoming midterm elections.
Here's what the draft memo for a proposed deal with Iran includes
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
North Korea fires ballistic missile, other weapons toward sea, South says
North Korea launched multiple short-range ballistic missiles toward the sea, South Korea's military said, the latest in a series of weapons demonstrations by Pyongyang this year.
U.S.
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Supreme Court rejects Florida suit against other states over immigrant truck drivers
Florida sought to sue Washington and California for allegedly issuing commercial driver's licenses to undocumented immigrants.
Infrared camera on sailboat may hold clues in Lynette Hooker investigation
CBS News has learned the sailboat used by Brian and Lynette Hooker before her disappearance in the Bahamas had an infrared camera capable of detecting heat radiation.
Suspect arrested in North Carolina double murder nearly 2 decades later
The suspect in an infamous North Carolina double murder was arrested after nearly two decades, some 3,000 miles from the scene of the killings, police said.
Exclusive
DHS memo directs ICE to ramp up asylum-related fraud cases
A top DHS official directed ICE attorneys to aggressively pursue administrative fraud cases against immigration lawyers accused of filing false asylum claims.
Sponsored
Planning to start your own business? Consider these key tips.
Launching a business can be thrilling, but it pays to plan ahead to maximize your chances of success. Here's what to consider (sponsored by AT&T).
MoneyWatch
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Sponsored
Planning to start your own business? Consider these key tips.
Launching a business can be thrilling, but it pays to plan ahead to maximize your chances of success. Here's what to consider (sponsored by AT&T).
Stocks rise as investors shrug off renewed fighting in Iran
Oil prices were mixed after U.S. strikes on Iranian forces, underscoring the risks still hanging over markets and consumers.
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
South Korean Starbucks boss apologizes for ad campaign that evoked massacre
South Korean Starbucks' boss apologized again as it faced a backlash over a marketing campaign widely seen as mocking victims of a bloody military crackdown in 1980.
Buying a car? Here are some tips to save money.
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
Politics
More Politics
Supreme Court rejects Florida suit against other states over immigrant truck drivers
Florida sought to sue Washington and California for allegedly issuing commercial driver's licenses to undocumented immigrants.
Exclusive
DHS memo directs ICE to ramp up asylum-related fraud cases
A top DHS official directed ICE attorneys to aggressively pursue administrative fraud cases against immigration lawyers accused of filing false asylum claims.
Trump to hold Cabinet meeting at Camp David on Wednesday
All Cabinet members, including outgoing Director of National Intelligence Tulsi Gabbard, are expected to attend, a White House official told CBS News.
Court blocks Alabama congressional map with 1 majority-Black district
The three-judge district court panel ordered Alabama to use a congressional map with two majority-Black districts in the upcoming midterm elections.
Supreme Court rejects NFL's bid to step into coach's racial discrimination suit
The Supreme Court turned away an appeal by the NFL stemming from coach Brian Flores' racial discrimination suit, allowing his case to proceed in federal court.
HealthWatch
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Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about the chemical tank in California that forced evacuations
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Teen's mystery illness solved: "It took 18 years to get an answer"
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
World
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U.S.-wanted nephew of drug lord "El Chapo" is captured in Mexico
The nephew of notorious Mexican drug lord Joaquin "El Chapo" Guzman is sought by U.S. authorities, officials said.
Trump to hold Cabinet meeting at Camp David on Wednesday
All Cabinet members, including outgoing Director of National Intelligence Tulsi Gabbard, are expected to attend, a White House official told CBS News.
Iran hangs man over alleged spying for Israel as executions mount
Iran's judiciary described Gholamreza Khani Shakarab as "one of the operational ringleaders of Mossad abroad."
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Live
Iran says U.S. violating ceasefire as Trump seeks "good deal or no deal"
As Iran accuses the U.S. of a "grave violation" of the fragile ceasefire, Rubio says a deal is still possible despite the latest clash.
Entertainment
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Entertainment
Estelle on her latest album "Stay Alta"
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Josh Johnson on new special, career in comedy
Comedian Josh Johnson talks with "CBS Mornings" about finding humor in everyday life, how storytelling is at the center of his jokes and his first HBO special, "Symphony."
BTS wins big at the American Music Awards
The American Music Awards honored the influence of K-pop during its 2026 celebration. Pop music journalist Brittany Spanos joins CBS News Mornings with more.
Top moments from the American Music Awards
There were 12 new categories this year at the American Music Awards, which were held on Memorial Day. For the second time at the awards show, BTS took home the night's biggest prize.
Extended interview: Josh Johnson
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
Technology
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Technology
How the U.S. military is using AI in warfare
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
Pope Leo's AI warning rocks tech industry
Pope Leo XIV warns of the dangers of artificial intelligence in his first encyclical. CBS News' Chris Livesay reports.
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.
Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
CBS News poll finds most doubt government will ensure AI used appropriately
Amid concern about AI taking jobs, people see a range of motives by AI companies.
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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U.S.-wanted nephew of drug lord "El Chapo" is captured in Mexico
The nephew of notorious Mexican drug lord Joaquin "El Chapo" Guzman is sought by U.S. authorities, officials said.
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Wander Franco found criminally responsible for abusing minor, avoids jail time
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
Latest on shooting near White House
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.
Suspects wanted by FBI for robbing athletes' homes arrested in Chile
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
Space
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China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
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.
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
Train crashes into school bus in Belgium
A train crashed into a mini school bus in Belgium, killing at least four people, officials said. Aruna Iyengar with BBC, a CBS News partner, has the latest.
Latest on California chemical tank threat
Officials say the threat of a massive explosion at a California chemical tank has been eliminated and most evacuation orders have been lifted. However, there are still concerns of a smaller explosion. Jonathan Vigliotti reports.
U.S. and Iran trade fire despite peace talks
The U.S. and Iran traded fire overnight in the Middle East despite the Trump administration's insistence that a peace deal is close. CBS News' Charlie D'Agata and Nikole Killion have the latest.
Estelle on her latest album "Stay Alta"
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Federal judges block Alabama's latest map
A panel of three federal judges blocked Alabama Republicans' attempt to use a 2023 congressional map previously ruled unconstitutional, citing "race-based discrimination." CBS News' Katrina Kaufman has more.