Americans to spend big this holiday despite gloomy economic views
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Inflation
What the Fed's rate cut means for your wallet
The Federal Reserve has lowered interest rates for the second time in a row. The Fed announced a quarter of a percentage point rate cut, which falls in line with what economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Why the Fed cut interest rates again
The Federal Reserve on Wednesday cut interest rates for the second consecutive time despite inflation remaining above its target rate. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Powell suggests Fed may not make December cut
The Dow Jones dipped on Wednesday after Federal Reserve Chair Jerome Powell suggested the central bank may not cut interest rates again in 2025. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Halloween candy prices on the rise
Halloween is less than a week away. This year, forget the tricks– the treat prices are proving scary. Ali Bauman has more.
CPI report shows inflation continued to climb in September
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
What's behind the latest inflation numbers?
The Labor Department reports inflation is now at 3% -- the highest annual rate since January. Jo Ling Kent explains.
Inflation ticks up to 3% in September
The Bureau of Labor Statistics released the first piece of economic data since the shutdown began. Delayed more than a week, the Consumer Price Index shows the inflation rate ticked up in September to 3%. Kelly O'Grady has details.
Investors celebrate September inflation data
The first significant report on the U.S. economy since the government shutdown shows inflation edged up slightly in September. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the stock market reaction.
How rising inflation affected Americans
New data has emerged on the rising inflation rate in September as Americans continue to face higher costs for some of their favorite products. CBS News' Kelly O'Grady reports.
Social Security sets its COLA increase for 2026 at 2.8%
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
New data shows inflation rose in September
New Consumer Price Index data for September has emerged, showing inflation rose but at a slower pace than expected. CBS News contributor Javier E. David has more.
Here's what economists say to expect from Friday's inflation report
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
Tariffs impacting consumer prices: analysis
A new analysis shows that President Trump's tariffs are starting to have an impact on businesses and consumers. The St. Louis Federal Reserve found that companies passed 35% of tariff costs onto shoppers early this summer. CBS News MoneyWatch reporter Megan Cerullo has more.
Price of gold hit record high this week. Here's why.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a safe haven for their money.
California restaurant owner says tariffs, inflation leave him "barely breaking even"
The National Restaurant Association says menu prices for U.S. restaurants would need to increase by 30.3% just to maintain a thin profit margin of 5% under the current economic conditions.
Restaurant owner says he's "barely breaking even"
One family's legacy, an Italian restaurant called Sunday Gravy that's been operating for decades, is now "barely breaking even," owner Sol Bashirian says, as tariffs and inflation are eating into its profits. Elise Preston reports.
Government shutdown delays Social Security's cost-of-living announcement
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Economists expect faster growth, but weaker job gains, through 2025
The U.S. economy picked up speed in the second half of the year, although job growth and inflation remain a concern, economists say.
Market sell-off amid U.S.-China trade tensions
The Dow Jones closed down on Friday after President Trump threatened new tariffs on China. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Foreclosure filings rising, report finds
As more U.S. homeowners struggle to keep up with mortgage payments and maintenance costs, new data shows the number of property foreclosures is steadily rising. CBS News contributor Javier David has more.
Federal Reserve officials remain cautious on future rate cuts
Minutes from September Fed meeting reveal a divide between members who support additional rate cuts and those worried about inflation.
Americans think economy's getting worse: poll
New CBS News polling shows the growing pessimism Americans have about the U.S. economy, with more people sharing concerns about the job market and the potential risk AI might pose to the workforce in the years ahead. CBS News' Anthony Salvanto has the numbers.
Inflation held steady in August, in line with economist forecasts
Inflation has eased since peaking in 2022, but remains above the Fed's 2% annual target
GDP revision finds growth at 3.8% pace
The U.S. government has reported its final second-quarter revision, which found that the U.S. gross domestic product grew at a strong 3.8% pace. The Director of the National Economic Council, Kevin Hassett, joins "The Takeout" to discuss.
Live
Live Updates: Witkoff, Kushner heading to Pakistan for new Iran peace talks
While the U.S. sends representatives to Islamabad, Israel's fight with Hezbollah continues despite a ceasefire.
Arrest made in case of missing USF doctoral students, 1 found dead
Zamil Limon's remains were found on the Howard Franklin Bridge in Tampa. His roommate was in custody, officials said.
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
White House mulls using Defense Production Act in Spirit Airlines takeover
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
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.
As U.S. re-arms during ceasefire, long-term concerns emerge about munitions supplies
The Trump administration has sought to project confidence in the U.S. military's munitions stocks after more than a month of war with Iran, but long-term supply questions remain.
Appeals court blocks Trump's asylum crackdown at U.S.-Mexico border
A three-judge appellate panel agreed with a lower court ruling that the Trump administration can't put aside laws allowing individuals to apply for asylum.
DOJ reinstates firing squads, pentobarbital for federal executions
The Justice Department announced Friday it would readopt the death penalty protocols for lethal injection and firing squads.
Rob and Michele Reiner's son, Jake, speaks out about his parents' deaths
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
U.S.
More U.S.
How a 9-year-old girl found a confidence-changing role model in a Denver soccer star
"I didn't want to be known as the girl with one arm that plays soccer," Denver Summit FC player Carson Pickett told CBS News. "I just wanted to be known for the girl that plays soccer."
The Iran war's economic hit could linger through 2026, economists say
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
Exclusive
White House mulls using Defense Production Act in Spirit Airlines takeover
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
Trader Joe's customers sue over coffee's caffeine levels
Consumers allege that Trader Joe's improperly advertised a coffee product as fully caffeinated when it was not.
Appeals court blocks Trump's asylum crackdown at U.S.-Mexico border
A three-judge appellate panel agreed with a lower court ruling that the Trump administration can't put aside laws allowing individuals to apply for asylum.
MoneyWatch
More MoneyWatch
Naval escorts will likely be needed when Strait of Hormuz reopens, Chevron CEO says
Commercial vessels face risks from mines and threats from land, Chevron's chief executive Mike Wirth said in an interview with "Face the Nation" moderator Margaret Brennan.
The Iran war's economic hit could linger through 2026, economists say
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
Trump extends Jones Act waiver for another 90 days
The waiver lets international ships carry goods between U.S. ports and is aimed at lowering energy prices.
Trader Joe's customers sue over coffee's caffeine levels
Consumers allege that Trader Joe's improperly advertised a coffee product as fully caffeinated when it was not.
IEA says Iran war will keep the natural gas market tight for two years
The conflict is expected to crimp global natural gas supplies due to damage to liquefied natural gas facilities in Qatar.
Politics
More Politics
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.
Trump extends Jones Act waiver for another 90 days
The waiver lets international ships carry goods between U.S. ports and is aimed at lowering energy prices.
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.
Exclusive
White House mulls using Defense Production Act in Spirit Airlines takeover
President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he'd "do it to save the jobs."
Appeals court blocks Trump's asylum crackdown at U.S.-Mexico border
A three-judge appellate panel agreed with a lower court ruling that the Trump administration can't put aside laws allowing individuals to apply for asylum.
HealthWatch
More HealthWatch
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.
Medigap premiums leap, and consumers have few alternatives
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
World
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Naval escorts will likely be needed when Strait of Hormuz reopens, Chevron CEO says
Commercial vessels face risks from mines and threats from land, Chevron's chief executive Mike Wirth said in an interview with "Face the Nation" moderator Margaret Brennan.
Netanyahu says he was treated for early-stage prostate cancer
Israeli Prime Minister Benjamin Netanyahu says the successful operation for prostate cancer happened 18 months ago and that he is now in "excellent physical condition."
Live
Witkoff, Kushner to head to Pakistan for new Iran peace talks
While the U.S. sends representatives to Islamabad, Israel's fight with Hezbollah continues despite a ceasefire.
60-foot octopus ruled the seas during age of dinosaurs, fossils show
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Hegseth says U.S. blockade of Iranian vessels to continue for "as long as it takes"
Hegseth indicated during a Pentagon news conference that the Trump administration is in no hurry to reach a peace deal as the war continues.
Entertainment
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Entertainment
Extended interview: Don Cheadle
Oscar-nominated actor Don Cheadle has appeared in more than 100 films and TV shows. But it had been a quarter-century since he appeared on stage in the Off-Broadway hit "Topdog/Underdog," until he made his Broadway debut this spring in a revival of "Proof." In this web exclusive, he talks with Tracy Smith about the lessons of his parents; catching the "theater bug" as a child; the "hamster wheel" of an actor's career; and his emotional investment in works like "Hotel Rwanda."
Rob and Michele Reiner's son, Jake, speaks out about his parents' deaths: "My world, as I knew it, had collapsed"
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Ellen Burstyn reflects on impact of poetry
Ellen Burstyn, known for her Oscar-winning role in "Alice Doesn't Live Here Anymore," has spent seven decades in Hollywood, but she tells "CBS Mornings" that poetry has also shaped her life as she discusses her new book "Poetry Says It Better."
"Survivor" castaway on elimination from game
(Spoilers ahead) "CBS Mornings" speaks with the latest eliminated contestant from "Survivor 50" about exiting the game, strategy and transitioning to the jury.
"Giant" explores Roald Dahl scandal
"Giant," which is now on Broadway, dramatizes a real-life scandal that stained the legacy of world-famous children's author Roald Dahl. Anthony Mason spoke to John Lithgow, who stars in the play, and playwright Mark Rosenblatt.
Technology
More Technology
Technology
Why phone-free parties are gaining popularity
Some young people are opting to go phone-free to live in the moment. USA Today youth mental health reporter Rachel Hale went to an underground, phone-free party in New York City and wrote about her experience. She tells "The Daily Report" about it.
Meta to cut 8,000 jobs as it charges into AI
Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.
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.
Victim has "nothing left" as AI fuels a surge in crypto fraud schemes
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
How to dispose of e-waste this Earth Day
Tuesday marks Earth Day, and if you have any unused devices at home, there are green ways to dispose of them. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
Science
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Science
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.
60-foot octopus ruled the seas during age of dinosaurs, fossils show
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Mysterious "golden orb" found in deep sea in 2023 is finally identified
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Salmon exposed to cocaine swim almost twice as far, study shows
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
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.
Crime
More Crime
Crime
Mom charged after son injures Vietnam vet
A California teen on an electric motorcycle critically injured a pedestrian, and now the boy's mother could now face years in prison. Jonathan Vigliotti explains.
DOJ permits death by firing squad
Death by firing squad is now reinstated in U.S. federal cases, according to a new policy announced on Friday by the Trump administration.
Polymarket on soldier arrest: "The system works"
A U.S. special forces soldier was arrested Thursday for allegedly using confidential government information to make more than $400,000 off the arrest of former Venezuelan President Nicolás Maduro on Polymarket. CBS News homeland security correspondent Nicole Sganga has the details. Then, Dennis Kelleher, CEO of financial regulation nonprofit Better Markets, joins with analysis.
Missing Florida student found dead, arrest made
One of two missing University of South Florida doctoral students was found dead, and a roommate was taken into custody, police said on Friday.
Louisiana mall shooting, Jazz Fest plot
One person died, and five others were injured after a shooting at a Louisiana mall, officials said. This comes as more details emerge about an apparent mass shooting plot at New Orleans' Jazz Fest. CBS News' Anna Schecter reports.
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
Employers boosting entry-level hiring: data
After years of steady decline, a new survey finds employers expect to boost new graduate hires by more than 5% this spring compared to the same time last year. LinkedIn career expert Catherine Fisher joins "The Daily Report" to discuss.
Soccer star inspires young girl just like her
Nine-year-old Hayden Stine was born without most of her right arm. When she went to a Denver Summit women's soccer home opener, she saw a player, Carson Pickett, just like her. Steve Hartman goes "On the Road" with a story about the importance of role models.
Why phone-free parties are gaining popularity
Some young people are opting to go phone-free to live in the moment. USA Today youth mental health reporter Rachel Hale went to an underground, phone-free party in New York City and wrote about her experience. She tells "The Daily Report" about it.
Iran war tolling weapons stockpiles: analysis
An analysis from the Center for Strategic and International Studies finds the U.S. "may have expended more than half of the prewar inventory" of at least four key munitions, including Tomahawk missiles. CBS News national security contributor Sam Vinograd has more.
Mom charged after son injures Vietnam vet
A California teen on an electric motorcycle critically injured a pedestrian, and now the boy's mother could now face years in prison. Jonathan Vigliotti explains.