Businesses' hidden inflation fees
Amid historic inflation many companies are using hidden fees to increase profits. CBS News MoneyWatch reporter Irina Ivanova has more on how consumers can combat surprise charges.
Inflation
Jobs report shows stronger growth
The U,S. added 372,000 new jobs in the month of June according to the latest report from the Labor Department. Axios business reporter Hope King joined CBS News to discuss this stronger than predicted growth.
April jobs report is "good news" for economy
Wendy Edelberg, director of The Hamilton Project and senior fellow at Brookings, joins CBS News at the closing bell Friday to discuss what's driving the market. She also explains why she thinks the April jobs numbers are a good sign for the U.S. economy.
Stock market and inflation concerns
Sarah Henry, managing director and portfolio manager at Logan Capital Management, joins CBS News at the closing bell on the New York Stock Exchange to break down what's driving the market, and how inflation is impacting consumers.
Yellen: inflation hit "unacceptable levels"
In MoneyWatch, Treasury Secretary Janet Yellen is testifying before the Senate Finance Committee today. Her appearance on Capitol Hill is slated to discuss the Biden administration's plans for the 2023 fiscal budget. Reuters Senior Correspondent Andrea Shalal joins CBS News for more.
MoneyWatch: Fed announces interest rate hike
The Federal Reserve announced a 0.25% interest rate hike -- the first increase since 2018. The Wall Street Journal's chief economics correspondent Nick Timiraos, author of "Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster," joins CBS News to explain what this means for American consumers.
Inflation's impact on retirement funds
New figures from the Bureau of Labor Statistics show inflation slowed in April for the first time since August. But the Dow ended the day down more than 300 points. Michael Rosen, managing partner and chief investment officer at Angeles Investments, joins CBS News to discuss the impact inflation coupled with the falling stock and bonds markets have had on Americans' pensions and retirement funds.
Recession fears and employment trends
CBS News' Tanya Rivero and Elaine Quijano discuss the current state of the economy with Frances Stacy, the director of portfolio strategy at Optimal Capital. She talks about what's driving the markets, a recent report released by the U.S. Department of Labor, and rising recession concerns.
Small businesses struggle with inflation
The U.S. Commerce Department reported last month that major corporations were extremely profitable in 2021. But small business owners say they are struggling to compete as prices continue to rise. CBS News reporter Sarah Ewall-Wice joins Elaine Quijano to discuss.
Stock market hit by inflation fears
Stock markets tanked early Friday after news that May's Consumer Price Index rose more than economists expected. Melissa Armo, founder and owner of The Stock Swoosh, LLC, joined CBS News to discuss the market's reaction to rising inflation.
U.S. adds 431,000 jobs in March
The U.S. added 431,000 jobs in the month of March, a sign the economy is continuing to rebound and the job market is growing. Gargi Chaudhuri, head of iShares Investment Strategy Americas at BlackRock, joined CBS News to break down the data.
MoneyWatch: Small businesses on the brink
In MoneyWatch, a new survey conducted by Goldman Sachs 10,000 Small Businesses Voices initiative reveals that 79% of small business owners are concerned about the ongoing pandemic while 13% say they have been forced to temporarily close or scale back operations during the pandemic. Joe Wall, national director for Goldman Sachs 10,000 Small Businesses Voices, joins CBS News to discuss.
Mortgage rates at highest level since 2009
Mortgage rates in the U.S. are at their highest level since 2009. The average for a 30-year loan jumped a tenth of a percent last week to 5.2%. Mike Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association, joined CBS News' Tony Dokoupil and Tanya Rivero to discuss.
Business owners' fears of a recession grows
A new survey by Goldman Sachs shows 93% of small business owners fear a recession is coming, and most are already feeling the effects of inflation. David Nelson, chief strategist at Belpointe Asset Management, tells CBS News even if the U.S. enters a recession, it will be mild compared to past economic downturns.
What to expect from Tuesday's consumer report
The Conference Board will release its latest consumer confidence survey Tuesday, detailing the attitudes of consumers across the country. CBS News' Tony Dokoupil and Tanya Rivero sit down with Lori Bettinger, president of BancAlliance and former director of the Troubled Asset Relief Program, about what to expect from that report as well as another consumer price measure being released later this week.
Inflation hit 9.1% in June, highest rate in nearly 41 years
According to the Labor Department, inflation hit a fresh 40-year record last month with consumer prices increasing 9.1% over the last 12 months. CBS News correspondent Nancy Chen reports on how rising prices are affecting people across the country. Then, Joe Brusuelas, principal and chief economist for RSM, joins CBS News' John Dickerson to discuss the latest numbers.
MoneyWatch: Market recap for June 27th, 2022
All three major stock market indexes showed some volatility on Monday, with the Dow Jones down about 60 points at the end of the afternoon following early gains in the morning. Jeanna Smialek, a reporter covering the Federal Reserve and the economy at The New York Times, discussed factors driving the current market and how the Fed is working to combat inflation on CBS News.
U.S. stocks drop to end a volatile month
U.S. stocks dropped Friday to cap off a turbulent month for financial markets. CBS News' Mola Lenghi and Michelle Miller talk with Megan Cassella, an economics and policy reporter for Barron's magazine, about what's driving the markets, inflation in the U.S., and the significance of the economy shrinking last quarter.
MoneyWatch: Major stock indexes down Monday
Major stock indexes dropped Monday but Mark Hamrick, senior economic analyst at Bankrate, says the market is still rallying from losses earlier in the year and discusses why a recent inflation expectations report could be a good sign for the Federal Reserve.
MoneyWatch: Inflation slowed in April
The latest numbers from the Bureau of Labor Statistics show inflation rose 0.3% in April. It's the first time the rate has slowed since August 2021. Michelle Singletary, personal finance columnist at the Washington Post and the author of the book, "What to Do with Your Money When Crisis Hits: A Survival Guide," joins CBS News to discuss how you should invest your money during periods of high inflation.
Is the U.S. heading for another recession?
Many Americans are questioning the financial health of the U.S. High inflation, rising interest rates, a sluggish supply chain and the war in Ukraine have created conditions for a possible recession. Yet economists say otherwise and that the economy is doing OK. Christopher Rugaber, an economics reporter for the Associated Press, explains why the economic forecast is showing a small chance of a recession.
Stocks move higher despite recession fears
U.S. stocks ended in positive territory after the release of the latest GDP numbers and the Federal Reserve's decision to raise interest rates. Bankrate.com chief financial analyst Greg McBride joined CBS News' Christina Ruffini and Tanya Rivero to discuss.
Analyzing a whirlwind week for stocks
CBS News' Elaine Quijano and Michelle Miller sit down with Brian Sozzi, editor-at-large and anchor for Yahoo! Finance, to discuss what's driving the U.S. stock market, the volatility of the cryptocurrency market, and the likelihood of a recession.
MoneyWatch: Markets react to inflation report
In MoneyWatch, the stock market fell following the release of the Labor Department's March Consumer Price Index. Consumer prices rose 1.2% last month, up 8.5% from the same time last year. Matt Stucky, a senior portfolio manager at Northwestern Mutual Wealth Management, joins CBS News with more on the impact.
Consumer confidence falls again in June
The Consumer Confidence Index dropped in June to its lowest level since February 2021. The Expectations Index also dropped dramatically, falling to its lowest level since 2013. Yahoo Finance senior columnist Rick Newman joins CBS News to explain why those low expectations may not be real indicator of the direction of the economy.
More severe weather in store for a soaked California
More severe weather is forecast for an already soaked California, raising risk of additional mudslides and debris flows.
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.
Is anything open on Christmas Day 2025? See which businesses are operating.
Most major retail stores and grocery chains are closed on Christmas Day, with some exceptions.
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.
Pope Leo's first Christmas homily laments conditions in Gaza, war in Ukraine
In his first Christmas homily, Pope Leo lamented conditions for Palestinians in Gaza and urged Ukraine and Russia to engage in direct talks to end their wr.
Rescue helicopter crashes on Mount Kilimanjaro
Two foreigners, a local doctor, a tour guide and the pilot were killed in the helicopter crash on Mount Kilimanjaro.
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.
U.S.
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More severe weather in store for a soaked California
More severe weather is forecast for an already soaked California, raising risk of additional mudslides and debris flows.
Is anything open on Christmas Day 2025? See which businesses are operating.
Most major retail stores and grocery chains are closed on Christmas Day, with some exceptions.
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.
MoneyWatch
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Is anything open on Christmas Day 2025? See which businesses are operating.
Most major retail stores and grocery chains are closed on Christmas Day, with some exceptions.
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.
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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Baby defies all odds after growing outside his mom's womb
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
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)
World
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Imprisoned Brazilian ex-president Bolsonaro undergoes surgery
Jair Bolsonaro, who has been hospitalized since Wednesday, has been serving a 27-year prison sentence since November for an attempted coup.
King Charles and royal family, minus Andrew, gather for Christmas
King Charles III led his family to church on foot ahead of his annual Christmas Day speech that is expected to focus on pilgrimage.
Rescue helicopter crashes on Mount Kilimanjaro
Two foreigners, a local doctor, a tour guide and the pilot were killed in the helicopter crash on Mount Kilimanjaro.
Pope Leo's first Christmas homily laments conditions in Gaza, war in Ukraine
In his first Christmas homily, Pope Leo lamented conditions for Palestinians in Gaza and urged Ukraine and Russia to engage in direct talks to end their wr.
Blast at Nigeria mosque kills 5, injures 35 in apparent suicide attack
A bomb exploded during prayers at a mosque in Nigeria, killing five people in what police described as a likely suicide attack.
Entertainment
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King Charles and royal family, minus Andrew, gather for Christmas
King Charles III led his family to church on foot ahead of his annual Christmas Day speech that is expected to focus on pilgrimage.
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.
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
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Latest CBS News Videos
"The Polar Express" children's book turns 40
This year marks the 40th anniversary of Chris Van Allsburg's beloved children's book, "The Polar Express." He tells CBS News' Bradley Blackburn about how he came up with the classic Christmas tale at just 34 years old.
Winning Powerball ticket sold in Arkansas
The Christmas Eve Powerball jackpot worth $1.817 billion, the second-largest ever, was won by a single ticket sold in Arkansas.
Leo XIV celebrates first Christmas as pope
Pope Leo XIV celebrated his first Christmas since he became pontiff. At Midnight Mass on Christmas Eve, Leo urged people to care for the poor and for migrants.
Powerful storm slams California
A powerful storm brought heavy rain to parts of California on Wednesday, flooding roads and prompting evacuations in some areas. The deluge of rain is causing dangerous travel conditions on Christmas Day.
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.