Trump on firing Powell: "Highly unlikely"
President Trump on Tuesday night privately floated firing Federal Reserve Chairman Jerome Powell, then publicly backed away on Wednesday. CBS News chief White House correspondent Nancy Cordes reports.
Inflation
CPI rose in June to 2.7% annual rate, highest since February
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Breaking down wholesale inflation rate
The Producer Price Index report showed wholesale inflation measure was unchanged in June. It comes on the heels of the Consumer Price Index showing inflation accelerated in June. CBS News business contributor Javier David joins to break it down.
Wholesale inflation measure stays the same
Wholesale inflation remained unchanged in June, according to new Producer Price Index data. Meanwhile, "crypto week" in Washington has hit a snag as Republican lawmakers side with Democrats on cryptocurrency legislation. CBS News' Natalie Brand has the latest, while Stephen Kates, a financial analyst with Bankrate, joins to break down PPI data.
What to know about June's rise in inflation
The Consumer Price Index, which tracks the changing costs of goods, rose in June for the second month in a row. Kelly O'Grady breaks down what that means.
How Trump tariffs impacted June inflation
The new Consumer Price Index showed inflation accelerated in June, a sign that President Trump's tariffs are beginning to have an impact. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Inflation uptick's effect on interest rates
New data from the Labor Department shows inflation ticked up to its highest level since February in June with consumer prices rising at an annual rate of 2.7%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Stocks fall after June inflation report
The Dow Jones finished the day down on Tuesday after new data showed inflation accelerated in June, rising 2.7% on an annual basis. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Trump urges Fed to lower rates amid CPI data
President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Breaking down June inflation data
Consumer Price Index data for June emerged Tuesday, showing a 0.3% rise for the month and a 2.7% annual rate. CBS News' Natalie Brand has more from the White House.
Global backlash grows to Trump's tariff threats
President Trump on Thursday threatened to impose a 35% tariff on Canadian goods beginning Aug. 1. Mr. Trump's latest salvo came after he also threatened tariffs on a number of other countries earlier in the week, including Japan and South Korea. Kelly O'Grady looks at how other nations are reacting.
How investors react to Trump tariff threats
Stocks fell across the board on Friday after President Trump threatened a new 35% tariff on Canada. CBS News contributor Javier David breaks down the market's reaction.
Snack Wrap redux: How McD's is refreshing its menu to lure back customers
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
The Trump tariffs aren't causing U.S. prices to spike. Here's why.
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
S&P 500 closes at record high, marking sharp snapback after April plunge
The S&P 500 and Nasdaq notched new all-time highs, buoyed by easing trade tensions and hopes for lower interest rates.
U.S. inflation ticked higher in May as consumers cut back on spending
New federal data showed that inflation edged up in May, but U.S. prices show only modest impact from U.S. tariffs.
Fed Chair: Tariffs could drive up inflation
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Many Americans say they need to earn six figures to feel financially set
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
Fed Chair on why rates stayed steady
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed set to decide interest rates
The Federal Reserve is set to announce what's next for its benchmark interest rate on Wednesday. CBS News business contributor Javier David joins "CBS Morning News" with more on what to expect.
Investors uncertain over Iran, Israel
The ripple effect of the back-to-back strikes between Israel and Iran were seen in the U.S. stock market on Friday. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Oil prices spike amid Israel-Iran strikes
Stocks lost ground on Friday as traders kept a close eye on the conflict between Israel and Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Stocks drop, oil prices surge
Stocks tumbled and oil prices surged on Friday in the wake of Israel's strikes in Iran. CBS News MoneyWatch correspondent Kelly O'Grady has more.
More on trade framework between U.S., China
The Trump administration says it agreed to a framework for a trade deal with China. Plus, new data from the Labor Department shows inflation rose less than expected last month. CBS News' Olivia Rinaldi and Kelly O'Grady have more.
CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Live
Live updates as 2026 FIFA World Cup draw revealed
The 2026 Men's World Cup will be held across the United States, Canada and Mexico. The draw is being revealed from the Kennedy Center in Washington, D.C.
Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
White House claims Europe facing "civilizational erasure" in 2 decades
The Trump administration says societal threats mean some European nations may not be "strong enough to remain reliable allies."
Minnesota officials saw signs of massive fraud even before COVID hit
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Texas flood disaster 911 calls released: "Some callers did not survive"
Kerrville Police Chief Chris McCall warned that the calls received by dispatchers are distressing.
Mystery drones seen over Ireland during Zelenskyy's visit
After a number of drone sightings near European airports and military bases, mysterious aircraft were seen over Ireland as Ukraine's Zelenskyy visited.
7 tons of cocaine seized off Colombia, 11 arrested unharmed, navy says
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
Google reveals top search trends of 2025
The assassination of conservative activist Charlie Kirk, President Trump's "big, beautiful bill," and the longest government shutdown in U.S. history ranked among Google's top search trends this year.
U.S.
More U.S.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Live
Live updates as 2026 FIFA World Cup draw revealed
The 2026 Men's World Cup will be held across the United States, Canada and Mexico. The draw is being revealed from the Kennedy Center in Washington, D.C.
Texas flood disaster 911 calls released: "Some callers did not survive"
Kerrville Police Chief Chris McCall warned that the calls received by dispatchers are distressing.
CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Google reveals top search trends of 2025
The assassination of conservative activist Charlie Kirk, President Trump's "big, beautiful bill," and the longest government shutdown in U.S. history ranked among Google's top search trends this year.
MoneyWatch
More MoneyWatch
Trump touts $20 trillion in new U.S. investments, but numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Over $1.7 million raised for 88-year-old Army vet working at grocery store
A former autoworker was given back his retirement through the kindness of strangers.
Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Despite Trump's pressure, Putin finds an eager trade partner in India
As the White House tries to curb Moscow's energy income, Vladimir Putin enjoys a warm welcome in India, and promises an "uninterrupted supply" of Russian fuel.
Politics
More Politics
Trump touts $20 trillion in new U.S. investments, but numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
Minnesota officials saw signs of massive fraud even before COVID hit
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Jasmine Crockett called Texas Senate race contenders as she weighs jumping into fray
As intrigue grows over whether Texas Democratic Rep. Jasmine Crockett plans to announce a U.S. Senate campaign next week, she confirmed to CBS News she's spoken with would-be opponents.
Appeals court lets Trump admin. keep National Guard deployed in D.C. for now
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
Operations against Houthis played into Truman Strike Group accidents, Navy finds
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
HealthWatch
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CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Could pets be next for weight loss drugs? Here's what to know about a study.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
CDC panel to vote Friday on hepatitis B vaccine for newborns
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
12 ex-FDA leaders criticize claims made by agency's current vaccine chief
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
World
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Treasure trove found in Egyptian tomb solves ancient mystery
The royal symbol on the newly discovered figurines solves a long-standing mystery by identifying who was buried in the sarcophagus.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Mystery drones seen over Ireland during Zelenskyy's visit
After a number of drone sightings near European airports and military bases, mysterious aircraft were seen over Ireland as Ukraine's Zelenskyy visited.
White House claims Europe facing "civilizational erasure" in 2 decades
The Trump administration says societal threats mean some European nations may not be "strong enough to remain reliable allies."
7 tons of cocaine seized off Colombia, 11 arrested unharmed, navy says
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
Entertainment
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2026 Golden Globes nominees to be revealed on "CBS Mornings"
Eleven exclusive 2026 Golden Globes categories will be revealed Monday at 8:30 a.m. ET, only on "CBS Mornings."
Book excerpt: "My Beloved" by Jan Karon
The New York Times bestselling author returns to the village of Mitford in her 15th novel featuring Father Tim Kavanagh.
Amy Allen on songwriting, Grammy nods
Amy Allen, who is up for four Grammys, including songwriter of the year, sits down with Anthony Mason to talk about how she went from a nursing student to writing Grammy-nominated hits for Sabrina Carpenter and other pop stars.
Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Lucy Liu talks new movie, "Rosemead"
Lucy Liu talks about starring in and producing the movie "Rosemead," why she says the story resonates universally and reflecting on personal experiences for the film.
Technology
More Technology
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Google reveals top search trends of 2025
The assassination of conservative activist Charlie Kirk, President Trump's "big, beautiful bill," and the longest government shutdown in U.S. history ranked among Google's top search trends this year.
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.
Politico: Trump admin. looks to robotics
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Google's top search trends in 2025
Google has released its list of the 2025 top search trends. Robert Ferrera, a Google Trends expert, joins CBS News with more.
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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Crime
Luigi Mangione's pretrial hearings postponed
Luigi Mangione, the man who faces a New York state trial over the death of UnitedHealthcare CEO Brian Thompson, did not attend his pretrial hearing because he's sick, the court announced Friday. CBS News' Katrina Kaufman has the latest.
4 killed in new boat strike, Pentagon says
The Pentagon announced a new strike and the deaths of four people aboard a boat apparently carrying drugs in the Pacific Ocean. CBS News' Eleanor Watson reports.
More on Letitia James indictments
A federal grand jury refused to re-indict Letitia James, the New York attorney general, after a judge threw out earlier fraud charges against her. Reuters reporter Sarah Lynch joins CBS News with more.
New evidence in Luigi Mangione case
Police bodycam footage of Luigi Mangione's arrest played in court shows officers questioning the suspect in the UnitedHealthcare CEO's murder after receiving a tip about his whereabouts. CBS News' Jericka Duncan reports.
Suspect in D.C. bombs case expected in court
The Justice Department and FBI announced the arrest of a man accused of planting pipe bombs in Washington, D.C., on the eve of the U.S. Capitol riots on January 6, 2021. Scott MacFarlane reports.
Space
More Space
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
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.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
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
Iowa man braving cold temperatures in car
An Iowa man who spoke to CBS News about sleeping in his car with his dog during the frigid winter temperatures is now receiving support from his community. CBS News' Tom Hanson has more, and meteorologist John Elliott has the latest weather forecast.
Luigi Mangione's pretrial hearings postponed
Luigi Mangione, the man who faces a New York state trial over the death of UnitedHealthcare CEO Brian Thompson, did not attend his pretrial hearing because he's sick, the court announced Friday. CBS News' Katrina Kaufman has the latest.
4 killed in new boat strike, Pentagon says
The Pentagon announced a new strike and the deaths of four people aboard a boat apparently carrying drugs in the Pacific Ocean. CBS News' Eleanor Watson reports.
Trump's National Security Strategy document
The Trump administration's newly released National Security Strategy details potential dangers for Europe in the next 20 years. CBS News' Natalie Brand reports.
Breaking down the 2026 FIFA World Cup draw
The 2026 FIFA World Cup draw will determine the groups and schedule for the highly anticipated global soccer tournament in the Americas. Alan Rothenberg, the former president of the U.S. Soccer Federation, to explain the drawing.