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.
Live
Trump threatens Iran with "decapitation" as Houthis claim strike on Saudi airport
Trump threatened Tehran with "decapitation" Monday, before Yemen's Iran-backed Houthis claimed to have struck a Saudi airport.
What to know about primaries in 5 states today: Michigan, Virginia and more
Voters are going to the polls Tuesday in five states: Michigan, Virginia, Missouri, Kansas and Washington.
Arson suspect in Spokane-area wildfire had prior manslaughter conviction
More than 700 buildings in the Spokane area have been destroyed and 400 more haven't been assessed, officials said as three fires burned in the area and an arrest was made in connection with one of them.
Trump says Jeanine Pirro "choked" in dropping Reflecting Pool cases
"She folded like an umbrella," President Trump said of Jeanine Pirro, U.S. Attorney for the District of Columbia.
Justice Dept. moves to dismiss Jan. 6 class action lawsuit
The Justice Department argued that the Jan. 6, 2021, rioters had until Jan. 6, 2023, to sue the federal government under the Federal Tort Claims Act, missing the deadline to file a lawsuit by over two years.
Senate candidate Haley Stevens stands firm on backing U.S. military aid to Israel
Michigan Rep. Haley Stevens, one of two Democrats in the primary for her party's Senate nomination, stands firm on backing U.S. military aid to Israel and claims opponent Abdul El-Sayed "equivocates" on the issue.
Senate candidate El-Sayed questions assumption Michigan voters are moderates
Populist Abdul El-Sayed and Rep. Haley Stevens top the Democratic field going into Tuesday's Senate primary. Former Rep. Mike Rogers is running unopposed for the GOP nomination.
More Lincoln Memorial Reflecting Pool charges dropped by Pirro's office
Since Friday, D.C. U.S. Attorney Jeanine Pirro's office has dropped charges against three more people accused of vandalism.
New details on Twin Falls In-N-Out shooting 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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"Peanut butter" pay raises are out, as employers shift to merit hikes
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
What to know about primaries in 5 states today: Michigan, Virginia and more
Voters are going to the polls Tuesday in five states: Michigan, Virginia, Missouri, Kansas and Washington.
Trump raises concerns in call with Rep. Max Miller amid abuse allegations
Ohio Rep. Max Miller's reelection campaign has been upended by allegations Miller assaulted his ex-wife, Emily Moreno, and their 2-year-old daughter.
More Lincoln Memorial Reflecting Pool charges dropped by Pirro's office
Since Friday, D.C. U.S. Attorney Jeanine Pirro's office has dropped charges against three more people accused of vandalism.
Arson suspect in Spokane-area wildfire had prior manslaughter conviction
More than 700 buildings in the Spokane area have been destroyed and 400 more haven't been assessed, officials said as three fires burned in the area and an arrest was made in connection with one of them.
MoneyWatch
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"Peanut butter" pay raises are out, as employers shift to merit hikes
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
25 states sue Trump administration over latest round of tariffs
New U.S. tariffs are hurting consumers and businesses, California's attorney general said in filing suit to block levies on 60 countries.
Trump says oil companies should cut gas prices after making "too much money"
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
What to watch for in SpaceX's first public earnings report this week
SpaceX will release its first earnings report as a public company on Tuesday in a key test for the company's stuttering stock price.
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.
Politics
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Senate candidate Haley Stevens stands firm on backing U.S. military aid to Israel
Michigan Rep. Haley Stevens, one of two Democrats in the primary for her party's Senate nomination, stands firm on backing U.S. military aid to Israel and claims opponent Abdul El-Sayed doesn't recognize Israel's right to exist.
What to know about primaries in 5 states today: Michigan, Virginia and more
Voters are going to the polls Tuesday in five states: Michigan, Virginia, Missouri, Kansas and Washington.
Trump raises concerns in call with Rep. Max Miller amid abuse allegations
Ohio Rep. Max Miller's reelection campaign has been upended by allegations Miller assaulted his ex-wife, Emily Moreno, and their 2-year-old daughter.
More Lincoln Memorial Reflecting Pool charges dropped by Pirro's office
Since Friday, D.C. U.S. Attorney Jeanine Pirro's office has dropped charges against three more people accused of vandalism.
Justice Dept. moves to dismiss Jan. 6 class action lawsuit
The Justice Department argued that the Jan. 6, 2021, rioters had until Jan. 6, 2023, to sue the federal government under the Federal Tort Claims Act, missing the deadline to file a lawsuit by over two years.
HealthWatch
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HealthWatch
Michigan reports 2 cyclosporiasis deaths
Two people have died of cyclosporiasis in Michigan, officials said Monday, as the state battles the worst outbreak of the disease in the country. Carter Evans has the details.
Michigan health officials report 2 deaths among cyclosporiasis cases
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
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.
World
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WWII explosives detonate in France amid wildfires: "Sound of war"
The munitions, both German and French, consist mainly of mortar shells, along with some high-explosive anti-tank shells.
3 lions die at zoo as Japan bakes in "cruelly hot" summer
Ten of the 16 lions in Tama Zoological Park have suffered symptoms such as "loss of appetite and decreased activity" since mid-July, and three lionesses died, the zoo said.
Ukrainian drone strike on Russian warehouses in Moscow region kills 5
Ukraine has conducted long-range strikes targeting civilian infrastructure in Russia, and in recent weeks stepped up attacks on warehouses belonging to the Russian e-commerce giant Wildberries.
Funeral held for family "wiped off the map" in Russian strike
At least two adults and four children were killed in the strike but the death toll could be higher as all the remains have not yet been formally identified.
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.
Entertainment
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Entertainment
Ariana Grande on her plans to take break
One day after announcing she'll step back from the spotlight after her tour ends, Ariana Grande spoke directly to fans at Monday night's show in Chicago. The singer said the decision was her own and "was made from a thoughtful and empowered place."
Jordan Roth talks "The Shards"
Tony Award-winning producer Jordan Roth talks about starring in the "The Shards" and describes what it was like to go from behind the scenes on Broadway to making his major on-screen acting debut.
Hollywood on hot streak at the box office
"Spider-Man: Brand New Day" leapt straight to the top of the box office this weekend. Its $360 million opening weekend debut is the biggest in U.S. history. Marlow Stern, chief correspondent at Variety, joins CBS News to discuss all the latest movie news.
"My Favorite Person" takes over socials
A social media trend encouraging users to share what they love about their favorite person is bringing light to TikTok and other platforms.
Ariana Grande to step out of public eye
A representative for pop star Ariana Grande says the singer is planning to step out of the public eye after wrapping her ongoing Eternal Sunshine Tour amid "endless, ongoing public scrutiny." Grande has also dropped out of the London-based musical "Sunday in the Park with George," which is set to open next year.
Technology
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Trump administration finalizes AI framework, official says
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
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.
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.
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.
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.
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
More Crime
Crime
Arson arrest amid Washington fires
Police arrested a man in connection with one of three devastating wildfires charring homes, businesses and nature in Washington State. CBS News' Bradley Blackburn has more.
Questions about Nancy Guthrie ransom notes
Pima County Sheriff Chris Nanos told CBS News last Thursday that he didn't have a ransom note saying Nancy Guthrie was dead. But one day later he released a note saying just that. CBS News' Anna Schecter reports.
New details in Idaho In-N-Out shooting
New information is coming out about the shooting at an In-N-Out restaurant in Idaho that killed three people over the weekend. CBS News' Lilia Luciano reports.
Sheriff in Nancy Guthrie case contradicted himself on ransom note
Investigators in the disappearance of Nancy Guthrie released two ransom notes, including one contradicting what the Arizona sheriff overseeing the case told CBS News.
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.
Space
More Space
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
Fallout over D.C. Reflecting Pool damage
President Trump met in the Oval Office on Monday with U.S. attorney Jeanine Pirro after Pirro admitted poor installation caused the damage to the D.C. Reflecting Pool, not vandalism. Mr. Trump publicly slammed Pirro for her comments. Nicole Sganga has more.
Ariana Grande on her plans to take break
One day after announcing she'll step back from the spotlight after her tour ends, Ariana Grande spoke directly to fans at Monday night's show in Chicago. The singer said the decision was her own and "was made from a thoughtful and empowered place."
Drone hits crowded Russian beach
A drone hit a packed beach in southern Russia on Monday on the Black Sea coast. Russian officials say seven people were killed and dozens were injured. Holly Williams reports.
Jordan Roth talks "The Shards"
Tony Award-winning producer Jordan Roth talks about starring in the "The Shards" and describes what it was like to go from behind the scenes on Broadway to making his major on-screen acting debut.
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