What $100 buys you now vs. then
CBS News correspondent Errol Barnett shows how inflation impacts the value of a dollar and why your money is worth less now than even a few years ago.
Inflation
Inflation's impact on mortgage rates
The affordability crisis in housing has only gotten worse thanks to rising mortgage rates. As a part of our series "MoneyWatch: The Uncertain Economy," CBS News correspondents Errol Barnett and Tanya Rivero break down the relationship between mortgage rates and inflation.
Stretching your dollar at the grocery store
As inflation rates rise, so do prices at the grocery store, which means your dollar is not stretching as far. In our MoneyWatch series, "The Uncertain Economy," Roy Paul, executive director of Cents Ability, has some tips on how you can make sure a trip to the store doesn't break the bank.
Surging school supply costs affect families
Back-to-school spending in total is expected to match the record high set in 2021: $37 billion.
Lowe's announces $55 million bonus for hourly employees to offset inflation
The company is one of many providing bonuses, wage increases or additional benefits as inflation rises and labor shortages persist.
The history of recessions in America
Many people are worried the country is headed toward a recession, or may already be in one. While not all recessions are created equal, economists say we can learn lessons from our past. CBS News takes a look back at the history of recessions in America as part of our series "MoneyWatch: The Uncertain Economy."
Fed saw evidence of a slowing economy at its last meeting
Despite sputtering U.S. economic growth, Federal Reserve hiked interest rates to ease "unacceptably high" inflation.
Inflation Reduction Act signed into law
President Biden has signed the Inflation Reduction Act into law after months of negotiations. Democrats said the measure addresses climate change and health care costs. CBS News senior White House and political correspondent Ed O'Keefe joined "CBS News Mornings" to discuss the legislation and provide an update on first lady Jill Biden, who is isolating following her COVID-19 diagnosis.
Inflation rate in U.K. tops 10%
Inflation in the U.K. rose to a staggering 10.1% in July compared to last year. CBS News foreign correspondent Roxana Saberi joins us from London to break down what's driving the rise in prices and how British families are coping.
U.K. inflation tops 10% on soaring food and energy costs
Britain's inflation rate soared to a new 40-year high, squeezing households. Economists expect it to get worse.
Target's profit craters after it cut prices to clear inventory
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
Key issues impacting voters ahead of the midterms
Several key primary elections will take place Tuesday in Alaska and Wyoming. Anthony Salvanto, CBS News executive director of elections and surveys, discussed some of the key issues impacting voters ahead of the November midterms.
Walmart reports better-than-expected Q2 as Americans cut costs
The company is cutting prices to get rid of excess inventory after a huge shift in how Americans spend.
MoneyWatch: Cost of rent continues to rise
The most recent CPI showed a 0.7% increase in rent prices in July. That number has continued to rise over the last year, especially for younger renters. KC Tenants' Tara Raguhveer joins CBS News to discuss the steep costs and what action the Biden administration can take.
U.S. stocks up as investors focus on economy ahead of retail data
Walmart and Home Depot kick off a host of retail earnings reports on Tuesday, followed by Lowe's and Target.
Travelers urged to take advantage of falling airline ticket prices, experts say
Airfares were down 7.8% in July compared to June, according to the latest numbers released by the Labor Department.
The Inflation Reduction Act may not lower inflation: analysis
A new analysis from the Penn Wharton Budget Model finds that wealthier taxpayers will bear the brunt of the impact.
U.S. stocks fly high, as S&P 500 ends 4th straight week of gains
Some investors believe inflation may have peaked, allowing Federal Reserve to be less aggressive with hikes.
Inflation and July's Consumer Price Index
The U.S. Labor Department has released its latest Consumer Price Index for July 2022. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down what this means for prices and the economy.
Gas prices drop under $4 average
According to AAA, the national average price for a gallon of gas has dropped to $3.99. CBS News transportation correspondent Errol Barnett joins Carter Evans to discuss the latest.
Stock market recap
It turned out to be a relatively flat day on Wall Street. The Dow opened higher but took a turn midday, with the market dipping into the red. Chief economist for The Conference Board Dana Peterson joins CBS News' Tanya Rivero and Lilia Luciano to discuss.
Gas prices fall below $4 for first time since March
The average price for a gallon of regular gas fell below $4 for the first time in five months, according to AAA. The relief comes from an increase in global oil supply and a decrease in fuel demand. Errol Barnett takes a look.
USPS announces rate increase for holiday shipping
The U.S. Postal Service is increasing rates for holiday shipping, beginning in October. First-class packages will see a surcharge depending on weight and distance.
Grocery costs are surging at the fastest rate since 1979
Americans are dipping into savings and switching to lower-cost brands as food prices climb higher.
Food costs hit highest inflation level in 40 years
Despite inflation slowing down in July, food prices are rising to levels not seen in more than 40 years. Yahoo Finance reporter Alexandra Semenova joins "CBS News Mornings" to discuss the latest.
DOJ says "over a million more documents" potentially related to Epstein case have been found
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
Powerball $1.817 billion Christmas Eve jackpot won by one ticket, in Arkansas
A single winning ticket was sold for Powerball's Christmas Eve jackpot of $1.817 billion, in Arkansas. It was the second biggest winning jackpot in U.S. lottery history.
We asked experts to rate the U.S. economy in 2025. Here's what they said.
The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
Kennedy Center Christmas Eve concert canceled after Trump's name added
A planned Christmas Eve jazz concert at the Kennedy Center has been canceled.
California storm threatens homes and holiday travel
Forecasters said Southern California could see its wettest Christmas in years and warned about flash flooding and mudslides, especially in areas scorched by wildfires.
Trump suggests pulling licenses if networks are "almost 100% Negative" about him
President Trump said TV broadcast licenses should be revoked if newscasts and late-night shows are almost entirely negative about him and the GOP.
DOJ releases huge set of Epstein files with many mentions of Trump
The Justice Department early Tuesday released more than 11,000 additional documents and photos from the Jeffrey Epstein files.
Thousands attend Christmas Eve events in Bethlehem, first since Gaza war
Thousands of people traveled from nearby towns and villages to attend Bethlehem's annual Christmas Eve tree lighting ceremony, which was canceled the last two years.
NORAD tracks Santa in Christmas tradition. See the live map.
NORAD, the North American Aerospace Defense Command, tracks Santa's Christmas Eve flight around the world each year. Follow a live map of the tracker here.
U.S.
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Powerball $1.817 billion Christmas Eve jackpot won by one ticket, in Arkansas
A single winning ticket was sold for Powerball's Christmas Eve jackpot of $1.817 billion, in Arkansas. It was the second-largest U.S. lottery jackpot ever won.
NHTSA investigating Tesla Model 3 emergency door handles
Traffic safety regulators are reviewing a motorist's complaints that the manual door handles on some Model 3 cars are hard to find, a potential hazard in a crash.
Hawaii cruise passengers face new climate change tax after court ruling
The new tourist tax imposes an 11% tax on the gross fares paid by a cruise ship's passengers to address climate change threats to Hawaii.
DOJ says "over a million more documents" found, potentially related to Epstein case
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
How to save money on your utility bill this winter as heating costs rise
Many Americans face soaring costs to heat their homes this winter. Here are some ways to lower your monthly utility bill.
MoneyWatch
More MoneyWatch
NHTSA investigating Tesla Model 3 emergency door handles
Traffic safety regulators are reviewing a motorist's complaints that the manual door handles on some Model 3 cars are hard to find, a potential hazard in a crash.
Hawaii cruise passengers face new climate change tax after court ruling
The new tourist tax imposes an 11% tax on the gross fares paid by a cruise ship's passengers to address climate change threats to Hawaii.
How to save money on your utility bill this winter as heating costs rise
Many Americans face soaring costs to heat their homes this winter. Here are some ways to lower your monthly utility bill.
We asked experts to rate the U.S. economy in 2025. Here's what they said.
The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
U.S. says China's chip policies are unfair but will delay tariffs to 2027
The U.S. Trade Representative said tariffs on Chinese semiconductors, now at zero, are set to increase in June 2027.
Politics
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Kennedy Center Christmas Eve concert canceled after Trump's name added
A planned Christmas Eve jazz concert at the Kennedy Center has been canceled.
Trump promises to guard against "bad Santa" in Christmas Eve calls with kids
President Trump spent part of Christmas Eve bantering with kids, updating families on NORAD's Santa tracker and reminding one child that the big guy has a "serious appetite."
Trump-backed candidate declared winner of Honduras' presidential vote
President Trump-backed candidate Nasry Asfura has won Honduras' presidential election, the country's electoral authorities said, ending a weeks-long count.
DOJ says "over a million more documents" found, potentially related to Epstein case
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
Judge blocks Trump from stripping security clearance from attorney for now
Trump signed an executive order in March saying it was "no longer in the national interest" for attorney Mark Zaid and others to access classified information.
HealthWatch
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FDA approves Wegovy pill for weight loss
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
Aetna to cover IVF treatments for same-sex couples in national settlement
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Flu season is ramping up, and some experts are "pretty worried"
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
Finding hope through cancer clinical trials
#LillyPartner Cancer clinical trials can offer patients access to investigational treatments that can be explored as early as the time of diagnosis. Ovarian cancer survivor Alicia Dellario and Dr. Arjun Balar, senior vice president of global clinical development at Eli Lilly and Company, join "CBS Mornings" to talk about the potential benefits of cancer clinical trials -- and clarify common misconceptions. Visit cancerclinicaltrials.lilly.com for more information. (Sponsored by Eli Lilly and Company)
Details on new flu strain as cases rise
The Centers for Disease Control and Prevention estimates there have been 4.6 million flu cases across the U.S. since the season began. Dr. Amanda Kravitz, a pediatrician at Weill Cornell in New York, explains what to know about rising cases, symptoms to watch for and how to protect your family.
World
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Trump-backed candidate declared winner of Honduras' presidential vote
President Trump-backed candidate Nasry Asfura has won Honduras' presidential election, the country's electoral authorities said, ending a weeks-long count.
Photos of ways Christmas is celebrated all around the world
Billions worldwide mark the birth of Jesus of Nazareth with various traditions.
Investigators probe plane crash in Turkey that killed Libyan military officials
The private jet carrying Libya's Gen. Muhammad Ali Ahmad al-Haddad and four other military officials crashed on Tuesday.
Thousands attend Christmas Eve events in Bethlehem, the first since Gaza war
Thousands of people traveled from nearby towns and villages to attend Bethlehem's annual Christmas Eve tree lighting ceremony, which was canceled the last two years.
Ukraine peace plan might include demilitarized zones, Zelenskyy says
Ukrainian President Volodymyr Zelenskyy says a plan to end his country's war with Russia might include the establishment of demilitarized zones between Ukrianian and Russian forces.
Entertainment
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Kennedy Center Christmas Eve concert canceled after Trump's name added
A planned Christmas Eve jazz concert at the Kennedy Center has been canceled.
NYT movie critic breaks down top 2025 movies
The New York Times movie critic Alissa Wilkinson ranked the top films of 2025. She joins CBS News 24/7 to review this year's list.
Small Oklahoma town pays homage to leg lamp
The leg lamp in "A Christmas Story" might be one of cinema's most iconic props, and one small town in Oklahoma has a special way to celebrate it. Omar Villafranca reports.
Kiefer Sutherland on new comedy "Tinsel Town"
Kiefer Sutherland stars in the new holiday comedy "Tinsel Town," about a washed-up Hollywood actor who lands in a small English town doing a theater production of "Cinderella." He talks about what drew him to the role.
Taylor Swift donates $1 million to Feeding America, group says
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
Technology
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Technology
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Terry Rozier seeks to have charges thrown out in NBA gambling case
His lawyers argued that Rozier's alleged involvement in the wire fraud and money laundering conspiracies is limited.
California farming magnate arrested in Arizona in wife's shooting death
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
D.C. National Guard shooting suspect facing 5 additional federal charges
Rahmanullah Lakanwal, a 29-year-old Afghan national, is accused of fatally shooting Army Spc. Sarah Beckstrom and wounding Air Force Staff Sgt. Andrew Wolfe.
Officials: Melodee Buzzard's body recovered
California authorities announced Tuesday they have found the body of 9-year-old Melodee Buzzard and arrested her mother for murder. See the full news conference.
Delaware state trooper killed in DMV shooting
A Delaware state trooper was killed Tuesday during a shooting at a Wilmington DMV, the Delaware State Police said. The state's governor confirmed the shooter is also dead.
Space
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Space
NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Latest Galleries
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Notable Deaths in 2025
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
Why flamingos are returning to Florida
In late 19th-century Florida, hunters pushed flamingos into functional extinction. But something changed over the last 25 years when hurricanes in the Caribbean chased them into the Everglades. Mark Strassmann reports.
Christmas celebrations slowly return to Bethlehem
Thousands traveled from nearby towns and villages to attend Bethlehem's annual tree lighting ceremony in Manger Square -- the first such celebration since 2023. As Imtiaz Tyab reports, there's hope for a brighter future and lasting peace.
Gas leak suspected in deadly nursing home blasts
At least two people were killed, and about 20 others were taken to hospitals, after a gas leak is believed to have sparked two explosions and a fire at a nursing home in Pennsylvania. Lilia Luciano has more on the victims and the investigation.
Burn areas at risk for mudslides in California
The hills of Altadena, California, scorched at the beginning of this year by a wildfire, are now sliding amid heavy rain. Andres Gutierrez spoke to one homeowner who plans to ride out the storm. Andrew Kozak has the forecast.
Heavy rain turns roads to rivers in Los Angeles
The Christmas Eve drive was anything but a holiday gift for many across Los Angeles as heavy rain turned roads into rivers in some areas. At LAX, the last-minute dash to make it home before Christmas had flyers lining up early hoping the storm didn't keep them grounded. Kris Van Cleave reports.