U.K. economy in recession for first time since 2008
The country's finance minister made the announcement as he unveiled a litany of tax hikes and other measures to help Britain "face into the storm."
Inflation
Rental car companies benefit from travel rise
In MoneyWatch, used car prices are falling which could suggest we are entering a period of cooling inflation. The potentially positive sign for the economy could ultimately impact the rental car market as many Americans prepare to travel ahead of the busy holiday season. Sally French is the lead travel writer at NerdWallet. She joins CBS News for more.
Report suggests inflation cooled in October
Wholesale prices rose 0.2% in October from September, the government said Tuesday in its producer price index. Prices at the wholesale level rose 8% from a year ago in a decline from previous months. Lori Bettinger, president of BancAlliance and a former director of the Troubled Assets Relief Program during the Obama administration, joined CBS News to discuss.
Changing investment strategies for retirement
Traditional investing advice calls for 60% of your portfolio invested in stocks and 40% in bonds. However, investors following the 60-40 rule have seen a 15% loss in 2022, complicating retirement savings for many Americans. The Wall Street Journal's Akane Otani joins CBS News to discuss the various strategies in investing for retirement.
Last-minute flights for holidays will cost you more this year
"Prices will be higher, and we will see flights sell out for both holidays," one travel pro said.
Sam's Club drops price on hot dog and drink combo, undercutting Costco
Both chains had been charging $1.50 for the combo, but Sam's Club has dropped their price down to $1.38.
Stocks rise on cooler-than-expected inflation data
Investors were fueled by hopes that cooling prices could influence Federal Reserve ahead of its December meeting.
Yellen warns of "risky" cryptocurrency, touts "resilient" U.S. economy
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
Inflation and bird flu raise turkey prices
Turkey, the centerpiece of Thanksgiving, is up 17% from last year as farmers are dealing with a one-two punch of soaring costs and the highly contagious avian flu, which is on par for one of its deadliest years yet. Nancy Chen takes a look at the price increases and some ways to save.
European markets drop after Truss' resignation
European markets have been taking direct hits following the resignation of British Prime Minister Liz Truss. The continent was already facing record-high inflation and interest rate hikes, similar to the U.S. Akin Oyedele, investing deputy editor at Business Insider, joined CBS News' Catherine Herridge to discuss.
Mortgage rate soars to 6.7%, highest since 2007
According to Freddie Mac, the average 30-year mortgage rate in the U.S. has risen to 6.7%, the highest since 2007. Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, joined CBS News to provide some advice for new homebuyers.
Concerns about inflation and interest rates
Core inflation in the U.S. surged to the highest level in 40 years as prices for housing, food and health care continued to rise. Abha Bhattarai, an economics correspondent for The Washington Post, joined Catherine Herridge to discuss September's CPI report.
U.S. stocks fall after September jobs report
The stock market tumbled Friday after a stronger-than-expected September jobs report, creating fears among investors that it could lead to yet another rate hike by the Federal Reserve. Colby Smith, U.S. economics editor for the Financial Times, joined Catherine Herridge to discuss what the report could mean to the U.S. economy.
What does jobs report say about economy?
As the unemployment rate rose slightly to 3.7% last month, hiring across the nation continued to remained robust. Jacob Sonenshine, a markets reporter at Barron's, joined Weijia Jiang on CBS News to discuss what the recent jobs report means for the Federal Reserve's monetary tightening.
Impact of latest interest rate hike on Americans
CBS News chief foreign affairs correspondent Margaret Brennan joins CBS News' Catherine Herridge to discuss this week's edition of "Face the Nation." They break down the Federal Reserve's latest interest rate hike and preview an upcoming exclusive interview with Ukrainian President Volodymyr Zelenskyy.
Credit card interest rates hit record high
The average interest rate for a credit card has climbed to a record high as the Federal Reserve keeps hiking interest rates to curb inflation. Lilia Luciano takes a look.
Inflation showed signs of slowing in October
According to a monthly report released by the Labor Department Thursday, the consumer price index rose 7.7% from October 2021 to October 2022, an indication that inflation may finally be easing. Lori Bettinger, president of BancAlliance, joined John Dickerson to discuss the latest inflation data, and what it means for the economy.
MoneyWatch: Inflation at lowest since January
The annual rate of inflation has hit 7.7%, the lowest level since January. CBS News business analyst Jill Schlesinger joins CBS News' Lana Zak and Errol Barnett on what this means for families who've dealt with high prices for months.
Dow surges on lower inflation report
Markets surged Thursday as investors cheered the lower-than-expected October Consumer Price Index. John Leer, chief economist at Morning Consult, joins CBS News' Lana Zak and Errol Barnett to discuss the potential impact on interest rates and the overall economic outlook.
Dow soars 1,000 points on better-than-expected inflation report
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
30-year fixed mortgage rate climbs again
The average rate of a 30-year mortgage climbed back to 7.08%, the highest in two decades. CBS News’ Lana Zak and Errol Barnett speak with Dory Wiley, president & chief executive officer of Commerce Street Holdings, on what’s driving the increase in mortgage rates.
U.S. consumer prices rose
The consumer price index rose 7.7% in October from a year earlier. Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.
Inflation, bird flu send turkey prices soaring
Janet Shamlian traveled to an Indiana turkey farm, where she found inflation is not the only reason this year's Thanksgiving meal is going to cost more.
Stock market falls as midterm results come in
The stock market fell more than 600 points on Wednesday, erasing Tuesday's gains. Managing Director of Wedbush, Dan Ives, joins CBS News to discuss the markets' reaction, the recent fall in demand for mortgages, and tomorrow's Consumer Price Index report.
Stock market responds to midterm elections
The stock market has dipped as midterm election results are released amid continued political uncertainty. Javier David, managing editor of business and markets for Axios, discusses initial market reaction and the relationship between the financial markets and election results.
King Charles toasts U.S.-U.K. alliance in state dinner, after rare address to Congress
King Charles attended a state dinner at the White House, after speaking about what he called the "truly unique" relationship between the U.K. and the U.S.
Gunshot at dinner may have struck officer's phone in pocket of bulletproof vest
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
Strait of Hormuz stuck in limbo as Trump mulls Iran's latest offer
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
Renewal of controversial FISA program in limbo ahead of Thursday deadline
Section 702 of the Foreign Intelligence Surveillance Act is set to expire in two days.
Comey indicted again on charges stemming from Instagram post
Former FBI Director James Comey is again facing federal charges after the government's previous case against him was dismissed.
Exclusive
Trump administration mandates enhanced security checks for immigration applicants
The Trump administration is subjecting broad categories of immigrants applying for green cards and citizenship to enhanced FBI checks, and is pausing some cases while those changes are implemented, according to documents obtained by CBS News.
FCC orders Disney to file for early license renewal after Kimmel clash
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
Only "special relationship" U.S. has is "probably Israel," U.K. ambassador said
Britain's ambassador, in February remarks reported by the Financial Times, also called the lack of fallout from the Jeffrey Epstein scandal in the U.S. "extraordinary."
Maker of OxyContin set to dissolve after judge approves criminal sentence
Purdue Pharma, the maker of OxyContin, is set to be dissolved as a massive legal settlement resolving thousands of lawsuits takes effect.
U.S.
More U.S.
How a company likened to a sex cult is lobbying Trump for pardons
OneTaste, a company in San Francisco that prosecutors likened to a sex cult, has embarked on a campaign to court allies of President Trump as it seeks pardons for its two convicted leaders, CBS News has learned.
Judge tosses Trump admin. lawsuit seeking access to Arizona voter data
A federal judge on Tuesday dismissed a lawsuit from the Justice Department seeking information on Arizona voters, another defeat in the Trump administration's nationwide push for voter data.
NCAA March Madness tournaments could expand to 76 teams in 2027
The new format would add eight more at-large teams, and take eight more teams out of the main bracket for play-in games.
Gunshot at dinner may have struck officer's phone in pocket of bulletproof vest
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
Analysis: Dinner shooting brings reminders of past era of political violence
For historians, the 1960s and 1970s provide particularly eerie parallels to the present. Both eras were marked by bitter political divides and the unsettling feeling that America's social fabric was being ripped apart.
MoneyWatch
More MoneyWatch
Man takes sister's exhumed body to bank in bid to get to her money
An Indian man dug up his sister's body and carried it to a bank branch to prove she was dead after being refused access to her account without a death certificate, the lender says.
Feds have rejected 15% of businesses' tariff refund claims
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
FCC orders Disney to file for early license renewal after Kimmel clash
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
American Airlines tightens rules for portable chargers amid fire concerns
American Airlines is imposing new rules on portable chargers that passengers can bring on flights. Here's what to know.
Over half of Americans say their finances are worsening, Gallup finds
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
Politics
More Politics
Renewal of controversial FISA program in limbo ahead of Thursday deadline
Section 702 of the Foreign Intelligence Surveillance Act is set to expire in two days.
How a company likened to a sex cult is lobbying Trump for pardons
OneTaste, a company in San Francisco that prosecutors likened to a sex cult, has embarked on a campaign to court allies of President Trump as it seeks pardons for its two convicted leaders, CBS News has learned.
Judge tosses Trump admin. lawsuit seeking access to Arizona voter data
A federal judge on Tuesday dismissed a lawsuit from the Justice Department seeking information on Arizona voters, another defeat in the Trump administration's nationwide push for voter data.
Highlights from the CBS California Governor's Debate
Top gubernatorial candidates met onstage at the CBS California Governor's Debate on April 28. Here are the highlights.
Gunshot at dinner may have struck officer's phone in pocket of bulletproof vest
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
HealthWatch
More HealthWatch
Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Exclusive
Johnson & Johnson to launch on TrumpRx with 4 of its prescription drugs
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
World
More World
Live
Trump and Iran issue fresh warnings as standoff continues
As Trump warns Iran to "get smart soon" and make a deal to end the war, an Iranian lawmaker vows Tehran will "never relinquish its control over the Strait of Hormuz."
Man takes sister's exhumed body to bank in bid to get to her money
An Indian man dug up his sister's body and carried it to a bank branch to prove she was dead after being refused access to her account without a death certificate, the lender says.
Senate Republicans block Democrats' attempt to force Cuba war powers vote
President Trump has warned that Cuba is "next" after he's launched military operations against Venezuela and Iran.
King Charles tells Congress that alliance is "more important today" than ever
Saying he felt the "weight of history" on his shoulders, King Charles became the first British monarch in 35 years to address Congress on Tuesday.
Only "special relationship" U.S. has is "probably Israel," U.K. ambassador said
Britain's ambassador, in February remarks reported by the Financial Times, also called the lack of fallout from the Jeffrey Epstein scandal in the U.S. "extraordinary."
Entertainment
More Entertainment
Entertainment
FCC reviewing ABC licenses amid Kimmel feud
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
FCC reviewing Disney licenses over DEI practices
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Justin Hartley gives "Tracker" preview
"Tracker" star Justin Hartley reveals how he feels about the upcoming finale of the third season of the show. He also discusses his wife making appearances in the series and the best advice he's received in the industry.
Trumps call for Jimmy Kimmel to be fired
President Trump and first lady Melania Trump are demanding that late-night host Jimmy Kimmel be fired over remarks he made before the White House Correspondents' Dinner. Nancy Cordes reports.
Trump calls for Kimmel to be fired over jokes made before correspondents' dinner
First lady Melania Trump said that jokes Jimmy Kimmel made on his show days before the White House Correspondents' Dinner were "hateful and violent rhetoric."
Technology
More Technology
Technology
Elon Musk testifies in OpenAI trial
Opening statements began on Tuesday in Tesla CEO Elon Musk's lawsuit against OpenAI co-founder Sam Altman. Maxwell Zeff, senior writer at Wired, joins with more.
Jury selection begins in Musk-Altman legal battle
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
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.
How the AI-driven data center boom is leading to skyrocketing energy bills
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
How data centers are impacting Americans
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
Science
More Science
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
More Crime
Crime
Correspondents' dinner suspect's devices probed
The man accused of trying to assassinate President Trump at the White House Correspondents' Dinner over the weekend is set to be back in court on Thursday. Nicole Sganga reports.
Forensic reviews underway in dinner shooting
The FBI is conducting forensic reviews of evidence recovered from the Hilton Hotel in Washington, D.C., following the White House Correspondents' Dinner shooting. CBS News' Anna Schecter has the latest.
U.S. soldier pleads not guilty to charges of gambling on Maduro raid
A U.S. soldier pleaded not guilty to charges that he used classified information about the mission to capture former Venezuelan leader Nicolás Maduro to win more than $400,000.
Details on FBI raid of Minnesota daycares
Federal agents exercised search warrants at about 20 daycare centers for suspected fraud Tuesday morning, multiple officials confirmed to CBS News.
Ex-NBA player Damon Jones first to plead guilty in pair of gambling cases
Federal prosecutors charged 34 defendants across two indictments, alleging sports betting and mafia-linked rigged poker games.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Latest Galleries
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Gen Z teens learning how to use ham radio
Kids today have countless ways to connect, but at one school in New York, they're going old school. Michael George introduces us to a group of teens learning about ham radio.
Charles gives Trump bell from the HMS Trump
King Charles on Tuesday night presented President Trump with what he said was the original bell from the HMS Trump before giving cheers to the ongoing relationship between the U.S. and England.
4/28: The Takeout with Major Garrett
Former FBI Director James Comey says he's innocent after second indictment; King Charles visits the White House and addresses Congress.
Woman dies on Carnival cruise ship
Federal officials are investigating the death of a woman who fell from the balcony of her state room on a Carnival Cruise Line ship. Kris Van Cleave reports.
Camp Mystic director tells parents he failed
In front of a state committee investigating last year's deadly Texas flash floods, Camp Mystic director Edward Eastland on Tuesday told parents of the victims he had failed them. Jason Allen reports.