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.
Darline Graham Nordone, Lindsey Graham's sister, appointed to fill Senate seat
South Carolina Gov. Henry McMaster announced his pick to fill the vacancy left by Sen. Lindsey Graham's death.
Live
Trump orders more Iran strikes after vowing to "keep" Strait of Hormuz, charge fees
President Trump says the U.S. will "probably run" the Strait of Hormuz, as dueling attacks with Iran continue over control of the strategic waterway.
First on CBS
Video shows NBA's Brandon Clarke stopped by police 6 weeks before his death
Arkansas police said they found bags of capsules containing a green powdery substance in Brandon Clarke's car, which he told them was kratom.
Man fatally shot by ICE in Maine was not intended target of warrant, lawmakers say
Maine Sen. Angus King said he told Homeland Security Secretary Markwayne Mullin that he wanted a transparent investigation into the shooting in Biddeford.
Military action against Iran formally restarted last week, Trump told lawmakers
President Trump formally notified Congress that "military action" against Iran restarted last week in a letter obtained by CBS News, as a monthslong ceasefire comes to an end.
Judge rebukes Trump and DOJ over IRS lawsuit in scathing decision
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
Investigation
Innocent bystander shot by police is one of dozens of cases nationwide
CBS News reviewed police records, body camera footage, court documents and local news reports to find more than 50 cases of innocent bystanders shot by police.
Sources: FBI fires 2 analysts who raised concerns about Georgia 2020 election probe
The two analysts expressed concerns that the 2020 election investigation in Fulton County, Georgia, was thin on evidence, sources said.
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
U.S.
More U.S.
First on CBS
Video shows NBA's Brandon Clarke stopped by police 6 weeks before his death
Arkansas police said they found bags of capsules containing a green powdery substance in Brandon Clarke's car, which he told them was kratom.
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
Sources: FBI fires 2 analysts who raised concerns about Georgia 2020 election probe
The two analysts expressed concerns that the 2020 election investigation in Fulton County, Georgia, was thin on evidence, sources said.
Investigation
Innocent bystander shot by police is one of dozens of cases nationwide
CBS News reviewed police records, body camera footage, court documents and local news reports to find more than 50 cases of innocent bystanders shot by police.
AI companies are creating "generative ghosts" of deceased loved ones
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
MoneyWatch
More MoneyWatch
AI companies are creating "generative ghosts" of deceased loved ones
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
12 states sue to block Paramount-Warner Bros. Discovery merger
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
High energy costs from Iran war heighten pressure on struggling farmers
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Bipartisan housing bill becomes law after Trump refuses to sign it
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
Politics
More Politics
Military action against Iran formally restarted last week, Trump told lawmakers
President Trump formally notified Congress that "military action" against Iran restarted last week in a letter obtained by CBS News, as a monthslong ceasefire comes to an end.
Sources: FBI fires 2 analysts who raised concerns about Georgia 2020 election probe
The two analysts expressed concerns that the 2020 election investigation in Fulton County, Georgia, was thin on evidence, sources said.
Judge rebukes Trump and DOJ over IRS lawsuit in scathing decision
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
Who could replace Lindsey Graham in the Senate after his sudden death?
South Carolina Sen. Lindsey Graham's sudden death late Saturday has set off a scramble for who will succeed him in the Senate.
Darline Graham Nordone, Lindsey Graham's sister, appointed to fill Senate seat
South Carolina Gov. Henry McMaster announced his pick to fill the vacancy left by Sen. Lindsey Graham's death.
HealthWatch
More HealthWatch
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
Common knee surgery may do more harm than good, 10-year study shows
A Finnish study followed patients for 10 years after they had a popular knee surgery. For many, the pain continued or even worsened.
New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Departments getting rid of firefighting foam
Fire departments across the U.S. are changing how they extinguish fires. For decades, they used foam that contained so-called "forever chemicals" that are now linked to cancer. More than a dozen states are now working to collect, remove and destroy all of it. Mark Strassmann has more.
U.S. citizen working in Congo tests positive for Ebola, CDC says
The Africa Centres for Disease Control and Prevention said the outbreak is the fastest-growing Ebola outbreak recorded on the continent.
World
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Music group "still shocked" after bandmates killed in small plane crash
Surviving members of the beloved Bahamian musical group Da Pond Band are speaking out about their friends who were killed when a small plane crashed in the Bahamas on Friday, killing 10 people.
Military action against Iran formally restarted last week, Trump told lawmakers
President Trump formally notified Congress that "military action" against Iran restarted last week in a letter obtained by CBS News, as a monthslong ceasefire comes to an end.
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.
British counterterrorism police lead probe into murder of politician
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
Trump says U.S. reinstating Iran blockade in Strait of Hormuz
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
Entertainment
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Entertainment
Mick Jagger on music and politics
Mick Jagger spoke with The New York Times recently about the role of politics in his music. Political strategists Erin Maguire and Dan Kanninen join "The Takeout" to discuss.
"Jurassic Park" star dies at 78
Actor Sam Neill, who starred in "Jurassic Park" and "The Piano," died Monday at the age of 78, his family said in a statement. Neill had been battling cancer, but his family said he had beaten it and his death was unexpected.
Extended interview: Sean Evans
Vladimir Duthiers speaks with Sean Evans about how he came to host "Hot Ones," his interview with Conan O'Brien, who he would like to see on the show and more.
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
7/12: Sunday Morning
Hosted by Tracy Smith. Featured: The only successful coup in U.S. history; Behind the scenes of "The Pitt"; Trump's monumental reimagining of Washington, D.C.; singer-songwriter Gracie Abrams; "Take Me Home, Country Roads"; and a Tuscany tradition: wine barrel races.
Technology
More Technology
AI companies are creating "generative ghosts" of deceased loved ones
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
Family says they're forced to sell home to help power data centers
Georgia Power says building a new transmission line will require acquiring more than 300 parcels of land, including residential properties.
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.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
Science
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Science
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
Crime
More Crime
Investigation
Innocent bystander shot by police is one of dozens of cases nationwide
CBS News reviewed police records, body camera footage, court documents and local news reports to find more than 50 cases of innocent bystanders shot by police.
Investigating police shootings of bystanders
A CBS News investigation found that no federal agency is tracking police shootings of innocent bystanders, making it difficult to hold officers accountable. CBS News' Jonathan Vigliotti reports.
British counterterrorism police lead probe into murder of politician
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
Kansas woman convicted of double murder after three trials
Mike Sisco and his girlfriend Karen Harkness were gunned down in her Topeka, Kansas, home in 2002. Authorities believed it was a crime of passion. Sisco's daughter set out to help prove it was her mother, Dana Chandler, who was responsible.
Apalachee High School shooting suspect set to change plea, documents show
Colt Gray is scheduled to appear in Barrow County Superior Court on July 24 for a plea hearing, court documents show.
Space
More Space
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.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
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.
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.
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.
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?
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
Purdue puts in new AI graduation requirements
New students at Purdue University will now have to display working competency in AI as a graduation requirement. Haley Oliver-Jischke, senior vice provost for Purdue University, joins to discuss.
Brandon Clarke stopped by police before death
Six weeks before NBA player Brandon Clarke of the Memphis Grizzlies died mysteriously in Los Angeles this spring at the age of 29, he was pulled over in Arkansas for fleeing from the police, who said he was driving well over 100 miles per hour in his new Corvette.
Rep. Chellie Pingree on Maine ICE shooting
A man was shot and killed by an ICE agent Monday in Maine. Rep. Chellie Pingree of Maine joins "The Daily Report" to discuss.
Mick Jagger on music and politics
Mick Jagger spoke with The New York Times recently about the role of politics in his music. Political strategists Erin Maguire and Dan Kanninen join "The Takeout" to discuss.
Latest on Sen. Mitch McConnell health update
Sen. Mitch McConnell released an update on his health over the weekend after questions swirled about his well-being. CBS News' Taurean Small reports.