Job openings fall as the U.S. economy shrinks
American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates.
Inflation
Weighing the state of the U.S. economy
Lori Bettinger, the president and BancAlliance and former director of the Troubled Asset Relief Program, joins CBS News' Tanya Rivero and Lana Zak to discuss consumer spending, falling consumer confidence, the upcoming Federal Reserve meeting and recession concerns.
Auto insurance costs are going up
Auto insurance prices are going up as inflation rises, but the increase is happening more for drivers in certain metro areas. Bankrate.com analyst Sarah Foster explains what is behind the increase and what drivers can do to save money.
Overall health of the U.S. economy
The Dow Jones dropped Thursday following the release of the weekly jobless numbers and the Federal Reserve announcing a 0.5% interest rate hike as part of its ongoing effort to combat rising inflation. Frances Stacy, the director of portfolio strategy at Optimal Capital, joins CBS News to discuss the overall health of the U.S. economy.
Tips on saving money as prices climb
As inflation rises, many Americans are looking at ways to save money where they can. E. Napoletano, contributor at Forbes Advisor, joins CBS News with advice on how to save as the U.S. heads toward a possible recession.
Initial jobless claims fall slightly
The latest Labor Department report shows that new unemployment filings fell to 231,000 for the week of June 25, down 2,000 from the previous week. CBS News' Vladimir Duthiers and Anne-Marie Green sit down with Kathryn Gill, a reporter for The Wall Street Journal, to discuss these figures and other developments in the U.S. labor market and economy.
What to do with your 401(k) in bear market
High inflation and fears of a recession have many Americans wondering what to do with their 401(k) retirement investments. Those fears have been magnified by U.S. stocks falling by at least 20% from their most recent peak in January. CBS News MoneyWatch reporter Aimee Picchi joined CBS News' Errol Barnett and Debra Alfarone to discuss.
Deutsche Bank forecasts U.S. recession
Deutsche Bank is forecasting the U.S. will see a recession next year. The company's Global Head of Economic Research Peter Hooper spoke with CBS News' Tanya Rivero and Mola Lenghi about the new report.
Wall Street looks to recover losses
Inflation and rising interest rates are affecting stocks and increasing fears about a possible U.S. recession. Joe Saluzzi, co-founder and partner with Themis Trading, joined CBS News to discuss what to expect from the markets in the coming weeks.
Possibility of economic recession looms
The possibility of a recession is looming large, as the Federal Reserve raises interest rates in the hopes of driving down inflation. President Joe Biden's critics argue he's not doing enough to address the issue and say rate hikes could cause more economic turmoil. Rick Newman, senior columnist with Yahoo Finance, joined CBS News to discuss some ways to lower consumer costs and prevent an economic downturn.
MoneyWatch: What report says about economy
The U.S. added 431,000 jobs in March as the unemployment rate dropped to 3.6%. Friday's jobs report also showed wages grew 5.6% in the past year. Sarah House, a senior economist at Wells Fargo, joined CBS News after the closing bell on Wall Street to discuss what this signals for the future of the U.S. economy.
Rents rising across the U.S.
Rent in the U.S. is rising at the fastest rate in decades. According the Washington Post, the average cost of rent increased 11.3% in 2021. Washington Post U.S. economy reporter Ahba Bhattarai joins CBS News to discuss what is causing the increase and who is most impacted by it.
MoneyWatch: Markets tumble after rate hike
Stock markets tumbled a day after the Federal Reserve announced an interest rate hike to combat inflation. Gargi Chaudhuri, head of iShares Investment Strategy, Americas at Blackrock, joins CBS News' Tanya Rivero and Mola Lenghi to break down the trading day and the Fed's decision.
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.
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.
Live
Oil prices surge as Trump suggests U.S. fees on Strait of Hormuz
Trump's declaration that the U.S. will control the Strait of Hormuz and charge fees on cargo has sparked a second day of oil price rises.
Man fatally shot by ICE in Maine wasn't intended target of warrant, lawmakers say
Maine Sen. Angus King said he told Homeland Security Secretary Markwayne Mullin that he wanted a transparent investigation into the shooting in Biddeford.
Trump says Reflecting Pool has been drained for repairs
President Trump said the Lincoln Memorial Reflecting Pool was drained for repairs, after weeks of railing against alleged vandals.
States call out big businesses with employees on Medicaid
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
Deputy U.S. marshal shot dead serving arrest warrant in Louisiana, agency says
A deputy U.S. marshal was shot and killed while serving an arrest warrant on a fugitive in Louisiana, authorities say. The suspect is in custody.
U.S. uses sea drones in combat for first time to attack Iranian port
The U.S. military shared video of what it said was its first use of sea drones in combat, to attack an Iranian submarine and ship maintenance facility.
First on CBS
Video shows NBA's Brandon Clarke stopped by police 6 weeks before his death
Arkansas police said they found bags of capsules containing a green powdery substance in Brandon Clarke's car, which he told them was kratom.
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
Judge rebukes Trump and DOJ over IRS lawsuit in scathing decision
U.S. District Judge Kathleen Williams said President Trump's lawsuit against the IRS had been filed for an "improper purpose."
U.S.
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Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
Trump says Reflecting Pool has been drained for repairs
President Trump said the Lincoln Memorial Reflecting Pool was drained for repairs, after weeks of railing against alleged vandals.
New York temporarily bans construction on new data centers
There will be a one-year pause on building new data centers across New York to allow state officials to establish guidelines protecting residents and the environment.
Why gaining full control of Strait of Hormuz has proven so hard for U.S.
Restoring oil tanker traffic in the vital Middle East shipping corridor to prewar levels likely will require a much bigger armada of U.S. warships if not tens of thousands of American troops on Iranian soil, experts say.
Deputy U.S. marshal shot dead serving arrest warrant in Louisiana, agency says
A deputy U.S. marshal was shot and killed while serving an arrest warrant on a fugitive in Louisiana, authorities say. The suspect is in custody.
MoneyWatch
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Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
States call out big businesses with employees on Medicaid
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
AI companies are creating "generative ghosts" of deceased loved ones
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
12 states sue to block Paramount-Warner Bros. Discovery merger
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
Millions of Americans take on debt and drain savings to afford food
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
Politics
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Trump says Reflecting Pool has been drained for repairs
President Trump said the Lincoln Memorial Reflecting Pool was drained for repairs, after weeks of railing against alleged vandals.
Why gaining full control of Strait of Hormuz has proven so hard for U.S.
Restoring oil tanker traffic in the vital Middle East shipping corridor to prewar levels likely will require a much bigger armada of U.S. warships if not tens of thousands of American troops on Iranian soil, experts say.
States call out big businesses with employees on Medicaid
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
Military action against Iran formally restarted last week, Trump told lawmakers
President Trump formally notified Congress that "military action" against Iran restarted last week in a letter obtained by CBS News, as a monthslong ceasefire comes to an end.
Sources: FBI fires 2 analysts who raised concerns about Georgia 2020 election probe
The two analysts expressed concerns that the 2020 election investigation in Fulton County, Georgia, was thin on evidence, sources said.
HealthWatch
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States call out big businesses with employees on Medicaid
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
Sen. Lindsey Graham just died of aorta disease. My husband did too.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
Common knee surgery may do more harm than good, 10-year study shows
A Finnish study followed patients for 10 years after they had a popular knee surgery. For many, the pain continued or even worsened.
New Jersey works to destroy firefighting foam laced with cancer-linked PFAS
New Jersey is one of more than a dozen states that are working to collect, remove and destroy all of their aqueous film-forming foam.
Departments getting rid of firefighting foam
Fire departments across the U.S. are changing how they extinguish fires. For decades, they used foam that contained so-called "forever chemicals" that are now linked to cancer. More than a dozen states are now working to collect, remove and destroy all of it. Mark Strassmann has more.
World
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U.S. uses sea drones in combat for first time to attack Iranian port
The U.S. military shared video of what it said was its first use of sea drones in combat, to attack an Iranian submarine and ship maintenance facility.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Why gaining full control of Strait of Hormuz has proven so hard for U.S.
Restoring oil tanker traffic in the vital Middle East shipping corridor to prewar levels likely will require a much bigger armada of U.S. warships if not tens of thousands of American troops on Iranian soil, experts say.
Climbers found dead in Italian Alps week after going missing
The two climbers had not made contact since leaving a mountain refuge on July 9, according to authorities.
Music group "still shocked" after bandmates killed in small plane crash
Surviving members of the beloved Bahamian musical group Da Pond Band are speaking out about their friends who were killed when a small plane crashed in the Bahamas on Friday, killing 10 people.
Entertainment
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Entertainment
States sue to block Paramount-WBD merger
A coalition of a dozen states on Monday sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, posing a new challenge to the $110 billion deal that would unite two of the nation's largest media companies. Paramount Skydance is the parent company of CBS News. CBS News' Jo Ling Kent reports.
Mick Jagger on music and politics
Mick Jagger spoke with The New York Times recently about the role of politics in his music. Political strategists Erin Maguire and Dan Kanninen join "The Takeout" to discuss.
"Jurassic Park" star dies at 78
Actor Sam Neill, who starred in "Jurassic Park" and "The Piano," died Monday at the age of 78, his family said in a statement. Neill had been battling cancer, but his family said he had beaten it and his death was unexpected.
Extended interview: Sean Evans
Vladimir Duthiers speaks with Sean Evans about how he came to host "Hot Ones," his interview with Conan O'Brien, who he would like to see on the show and more.
Sam Neill, "Jurassic Park" and "The Piano" star, dies at 78
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
Technology
More Technology
AI companies are creating "generative ghosts" of deceased loved ones
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
Family says they're forced to sell home to help power data centers
Georgia Power says building a new transmission line will require acquiring more than 300 parcels of land, including residential properties.
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.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple alleges that OpenAI and two of its employees stole trade secrets and engaged in a "pattern of misconduct."
AI slop floods social media, report says
A new report from AI detector Pangram found that AI-generated content is flooding socials like X and Reddit, with LinkedIn accounting for nearly two-thirds of all AI content detected. Pangram CEO and co-founder Max Spero joins CBS News to discuss his findings.
Science
More Science
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Crime
More Crime
Deputy U.S. marshal shot dead serving arrest warrant in Louisiana, agency says
A deputy U.S. marshal was shot and killed while serving an arrest warrant on a fugitive in Louisiana, authorities say. The suspect is in custody.
Police chase goes through Ohio golf course
Video from the Ohio State Highway Patrol shows the chaotic chase through a golf course for a suspect wanted in a stabbing last week in Ohio. Shanelle Kaul reports.
Investigation
Innocent bystander shot by police is one of dozens of cases nationwide
CBS News reviewed police records, body camera footage, court documents and local news reports to find more than 50 cases of innocent bystanders shot by police.
Investigating police shootings of bystanders
A CBS News investigation found that no federal agency is tracking police shootings of innocent bystanders, making it difficult to hold officers accountable. CBS News' Jonathan Vigliotti reports.
British counterterrorism police lead probe into murder of politician
British counterterrorism police are now leading the investigation into the death of Ann Widdecombe after "new information and evidence" came to light.
Space
More Space
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.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
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.
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.
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.
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?
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
U.S., Iran battle over Strait of Hormuz
The U.S. and Iran have traded strikes for the third night in a row and the U.S. used an explosive sea drone or the first time to attack an Iranian port. Meanwhile, President Trump has claimed the U.S. will control the Strait of Hormuz and impose a 20% fee on cargo. Weijia Jiang reports.
Man fatally shot by ICE in Maine
There's a demand for answers after a Colombian immigrant was shot and killed by ICE agents in Biddeford, Maine. An official says the man was not the target of an operation. Lilia Luciano reports.
Eye Opener: Protests over ICE shooting
Protesters gather in Maine to demand answers after a man was fatally shot by ICE. Plus, President Trump says the U.S. will charge a 20% fee to use the Strait of Hormuz. All that and all that matters in today's Eye Opener.
They Left NYC for a $13,000 House in Italy
Cassandra and her husband made headlines after leaving New York City to buy a home in rural Italy for just $13,000. She breaks down what motivated the move, how she's adjusted to life in a tiny mountain town, embraced a lower-cost lifestyle and whether trading the conventional American dream for a simpler life abroad was worth it. Plus, Jill and Mark explain what SpaceX's inclusion in Nasdaq index funds actually means for investors, and why one TikToker's recommended tax loophole is complete nonsense.
Surviving members of Da Pond Band discuss crash
Surviving members of the beloved Bahamian musical group Da Pond Band are speaking out about their friends and bandmates who were killed when a small plane operated by Flamingo Air crashed in the Bahamas on Friday, killing all 10 people on board.