Stocks rise after Fed admits more rate hikes could weaken economy
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Inflation
Job openings fell in May but remained near historic high
Employers advertised fewer jobs as the economy showed signs of slowing, but there are nearly two job openings for every unemployed person.
Americans are eating into pandemic savings to cope with inflation
Low-income workers are the only group not to touch their savings yet due to strong wage gains, a new analysis finds.
Why fears of a recession could lead to one
Some financial experts say the U.S. is headed into a recession, defined as two back-to-back quarters of falling GDP, as inflation continues to soar. In the first quarter of 2022, the U.S. GDP dropped by 1.6%. Javier David, managing editor for business and markets at Axios, joined CBS News to discuss why some experts say consumer fear could make matters worse.
Can't "out-budget" inflation? Here are things you can do
Rising prices feel impossible to manage when money is already tight. These tips might help.
U.S. stocks fall as inflation, energy weigh on growth
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Alcohol industry affected by inflation
Amidst supply chain disruptions, the cost of alcohol has remained steady but there are new warnings of inflation in the industry. Scott MacFarlane reports.
MoneyWatch: Paper coupons on the decline
Lack of availability and convenience are causing many customers to turn away from using physical coupons when they shop for groceries, despite rising prices on consumer goods. Axios Senior News Reporter Kelly Tyko shares her advice for saving money without coupons and how to best use digital options on "CBS News Mornings."
Fourth of July burgers cost 10% more this year
A home-grilled cheeseburger cost $2.07 this year, an increase of 21 cents from the last Fourth of July holiday, USDA says.
Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Biden claims U.S. inflation rate lower than other nations
President Biden Thursday said the U.S. is better positioned to deal with inflation than any other nation in the world. David Nelson, chief strategist of Belpointe Asset Management, joins CBS News' Ben Tracy to discuss the state of the economy.
German leader: Putin ready for long war in Ukraine
German Chancellor Olaf Scholz revealed in an exclusive interview with Margaret Brennan that Russian President Vladimir Putin is ready to wage war in Ukraine for "a long time." He also said even though Putin "will not really admit it," he "understands the deep impacts of our sanctions on his economy."
Stocks fall as report reveals pullback in consumer spending
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Key inflation gauge rose 6.3% in May, unchanged from April
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
Texans view state's economic growth as good but feel higher prices' pinch
Most Texans are having to drive less and cut back on spending.
Consumer confidence declines amid inflation
Yahoo Finance anchor and reporter Akiko Fujita spoke with CBS News' Elaine Quijano and Tanya Rivero about the impacts of inflation on consumer confidence and spending. Fujita also discussed a new ban on Russian imports and how sanctions could affect the U.S. economy.
Stocks fall as inflation fears continue to grip investors
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
Social Security's cost-of-living bump could be near 11%: Report
Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis.
6/27: CBS News Mornings
Supreme Court abortion ruling sparks nationwide protests; Amid inflation concerns, many are stockpiling U.S. currency
Biden attends G-7 summit
President Biden is in Germany for the annual G-7 summit, where world leaders are set to discuss pressing global issues such as the war in Ukraine and worldwide inflation. Ed O'Keefe has the details.
Analyst on why "it's a mistake" to assume that worst of inflation has happened
Food prices are up 10%, new vehicles 12.5% and gasoline almost 50% compared to last year, according to U.S. Bureau of Labor Statistics.
6/16: CBS News Mornings
Federal Reserve looking to slow spending amid record inflation; U.S. veterans who fought for Ukraine may have been captured
6/13: CBS News Mornings
House Jan 6. committee holding second hearing; New Jersey gas tops $5 for first time
6/15: CBS News Mornings
Fed likely to announce interest rate hike; Texas lawmaker demands answers on police response.
Exclusive
Army survivors of deadly attack in Kuwait dispute Pentagon's account
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Exclusive
California officials make arrests in LA hospice fraud crackdown
California's attorney general filed charges against 21 suspects, accusing the group of defrauding the state of $267 million. Arrests come after a CBS News investigation into hospice fraud.
Live
U.S. will host diplomatic talks between Israel and Lebanon, sources say
As Trump issues a new warning to Iran to comply with a tenuous two-week ceasefire, the two sides don't even seem to agree on the terms of the deal.
First lady Melania Trump slams "baseless lies" tying her to Jeffrey Epstein
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Inside Pam Bondi's aggressive push to crack down on animal cruelty crimes
A politically connected nonprofit animal shelter helped steer Bondi on DOJ's approach on animal cruelty crimes and their prosecution.
Husband arrested in Bahamas in connection to wife's disappearance
The search for Lynette Hooker is ongoing in the Bahamas, as the U.S. Coast Guard takes the lead on investigative efforts and has launched a criminal investigation, a U.S. official said.
DOJ probing NFL over games on paid platforms, sources say
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
USPS halts contributions to pension plan after warning of "cash crisis"
The U.S. Postal Service, which lost $9 billion in 2025, recently warned that it could run out of money within 12 months.
Independence Arch, or "Arc de Trump," plans include taxpayer funds
The president says the arch will commemorate the nation's 250th anniversary.
U.S.
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Inside Pam Bondi's aggressive push to crack down on animal cruelty crimes
A politically connected nonprofit animal shelter helped steer Bondi on DOJ's approach on animal cruelty crimes and their prosecution.
Property taxes are surging. See what homeowners by state and county.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
U.S. to lead ceasefire talks between Lebanon and Israel in D.C.
The U.S. is convening hastily arranged diplomatic talks next week in Washington, D.C., aimed at crafting a ceasefire in Lebanon.
First lady Melania Trump slams "baseless lies" tying her to Jeffrey Epstein
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Independence Arch, or "Arc de Trump," plans include taxpayer funds
The president says the arch will commemorate the nation's 250th anniversary.
MoneyWatch
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Property taxes are surging. See what homeowners by state and county.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
DOJ probing NFL over games on paid platforms, sources say
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
USPS halts contributions to pension plan after warning of "cash crisis"
The U.S. Postal Service, which lost $9 billion in 2025, recently warned that it could run out of money within 12 months.
CPI report may show inflation hitting 2024 levels amid soaring gas prices
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Will the Iran ceasefire ease U.S. gas prices? Here's what experts think.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
Politics
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Inside Pam Bondi's aggressive push to crack down on animal cruelty crimes
A politically connected nonprofit animal shelter helped steer Bondi on DOJ's approach on animal cruelty crimes and their prosecution.
U.S. to lead ceasefire talks between Lebanon and Israel in D.C.
The U.S. is convening hastily arranged diplomatic talks next week in Washington, D.C., aimed at crafting a ceasefire in Lebanon.
First lady Melania Trump slams "baseless lies" tying her to Jeffrey Epstein
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Independence Arch, or "Arc de Trump," plans include taxpayer funds
The president says the arch will commemorate the nation's 250th anniversary.
Exclusive
California officials make arrests in LA hospice fraud crackdown
California's attorney general filed charges against 21 suspects, accusing the group of defrauding the state of $267 million. Arrests come after a CBS News investigation into hospice fraud.
HealthWatch
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Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Social media driving teens toward steroids, extreme body transformations
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Scientist with rare ALS genetic mutation looks to experimental treatment
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
New ALS treatment brings hope to patients
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
World
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Putin declares 32-hour ceasefire in Ukraine for Orthodox Easter
Russia's President Vladimir Putin has declared a ceasefire in Ukraine over the Orthodox Easter.
U.S. to lead ceasefire talks between Lebanon and Israel in D.C.
The U.S. is convening hastily arranged diplomatic talks next week in Washington, D.C., aimed at crafting a ceasefire in Lebanon.
A man stole a handbag outside a London pub. Inside was a Faberge egg and watch.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
Israel's war in Lebanon has become a flashpoint for the Iran ceasefire
The U.S. and Israel publicly disagree with Iran and Pakistan over whether the country to Israel's north is included in the Iran ceasefire.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
Entertainment
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Entertainment
How realistic is "Project Hail Mary"?
Ryan Gosling's new movie, "Project Hail Mary," is raising questions about the future of the Sun. CBS News contributor Janna Levin joins with more details.
"Survivor 50" castaway talks elimination
(Spoilers ahead) The latest castaway voted off "Survivor 50: In the Hands of the Fans" joins "CBS Mornings" to discuss being eliminated from the game, this season's challenges and being the first member of the jury.
NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Kanye West's upcoming Italy gig sparks debate after U.K. denied rapper entry
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
"You, Me & Tuscany" stars talk new movie
Halle Bailey and Regé-Jean Page join "CBS Mornings" to talk about starring in the new romantic comedy "You, Me & Tuscany." The two discuss what it was like to shoot in Italy, preparing for their roles and how it's a renaissance for romantic comedies.
Technology
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Technology
Behind Anthropic's alarming AI model
Anthropic announced its new AI model is too powerful for public release. Puck's Ian Krietzberg joins CBS News with more.
Analysis finds AI will reshape 50-55% of jobs
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
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.
Anthropic claims new AI too powerful to release
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
AI will affect more than half of all U.S. jobs, analysis finds
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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A man stole a handbag outside a London pub. Inside was a Faberge egg and watch.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
"Ketamine Queen" sentenced to 15 years
Jasveen Sangha, the woman described as the "Ketamine Queen," was sentenced Wednesday to 15 years in federal prison for her role in the death of "Friends" co-star Matthew Perry. Carter Evans reports.
Husband arrested after wife falls overboard
Brian Hooker has been arrested by the Royal Bahamas Police Force after his wife, Lynette Hooker, apparently fell overboard from their dinghy and was swept away by currents. Hooker's lawyer denies any wrongdoing. CBS News' Cristian Benavides reports.
Doctor found guilty of attempted manslaughter
Gerhardt Konig, the anesthesiologist accused of trying to kill his wife in Hawaii last year, was found guilty Wednesday of attempted manslaughter based upon extreme mental or emotional disturbance.
Doctor accused of trying to kill wife on hike found guilty of attempted manslaughter
Jurors delivered their verdict Wednesday in the trial of an anesthesiologist accused of trying to kill his wife during a cliffside hike in Hawaii.
Space
More Space
NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
NASA gears up for Artemis II crew's return to Earth
With Artemis II astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Artemis II crew on path back to Earth after historic trip around the moon
The Artemis II crew flew farther from Earth than any humans in history as they passed over the far side of the moon on Monday night.
Artemis II astronauts find hidden Easter eggs as they close in on the moon
The NASA astronauts also sent down Easter messages Sunday while gearing up for a historic pass behind the moon Monday.
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.
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
Melania Trump denies Epstein relationship
First lady Melania Trump slammed "baseless lies" tying her to Jeffrey Epstein in a statement Thursday at the White House.
How Iranians feel about ceasefire with U.S.
Alex Shams, editor-in-chief of the AJAM Media Collection, has family in Iran and spoke with CBS News about their reactions to the fragile ceasefire currently in place with the U.S.
New event puts singles on literal blind dates
Apps are the dominant way people look for love these days, but a new dating startup has a different idea. Participants meet and go on an in-person date, without ever laying eyes on each other. Bradley Blackburn reports.
Latest on Iran war as Lebanon becomes flashpoint
Iran says the U.S. is violating the ceasefire agreement announced earlier this week between the two countries by letting Israel continue its strikes against Hezbollah in Lebanon. Meanwhile, Iran is still holding a tight grip on the Strait of Hormuz. CBS News' Elizabeth Palmer, Natalie Brand and Caitlin Huey-Burns have more.
Democrats seek to limit Trump's Iran powers
Democratic lawmakers are taking action to curb President Trump's powers over Iran, but a favorable outcome seems unlikely. CBS News' Caitlin Huey-Burns reports.