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The Dow Jones had an up and down day Wednesday, finishing flat after news of the U.S. and China agreeing to a framework for a trade deal and new data that showed inflation rose slightly in May, although less than economists had expected. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The inflation rate is inching higher, with Wall Street expecting tariffs to increase prices throughout the remainder of 2025.
The latest Consumer Price Index (CPI) report shows that U.S. inflation rose by 0.1% in May, which is less than expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down. Also, CBS News' Natalie Brand has the latest updates from the White House as President Trump boasts about an agreement with China being close to the finish line.
Treasury Secretary Scott Bessent is testifying before the House Ways and Means Committee in Washington, D.C., where he boasted new Consumer Price Index data that showed cooling inflation. The rate did show a slight rise from April's numbers, however. Bessent also called out China after he spent days in London negotiating with senior Chinese officials on a potential trade agreement.
New evidence shows that President Trump's tariff policies are shaking up global trade. Imports of foreign goods plunged about 16% in April, the largest one-month drop on record. Nancy Chen dives into how the toy business is being impacted.
The Trump administration's increased 50% tariff on steel and aluminum imports went into effect Wednesday. U.S. steel firms have praised the action, while various foreign trade partners have condemned it. CBS News MoneyWatch Correspondent Kelly O'Grady reports.
ADP's May employment report, released on Wednesday, suggests that the labor market is weakening. CBS News MoneyWatch correspondent Kelly O'Grady unpacks the data and what it could mean for the U.S. economy.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
While "buy now, pay later" loans have been used for big-ticket items for years, new data shows that a growing number of American consumers use the method for everyday items. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Red Lobster is coming back from bankruptcy in this era of economic uncertainty. Red Lobster CEO Damola Adamolekun spoke with CBS News MoneyWatch correspondent Kelly O'Grady about the company's strategy.
Higher prices haven't stopped convention traffic in Las Vegas, but casual trips are down.
Las Vegas may still dazzle, but for many visitors, that sparkle now comes at a steeper price. Inflation is hitting hard, and that means fewer tourists are traveling to the city. Andrés Gutierrez reports.
A new CBS News poll shows that 39% of Americans rate the state of the U.S. economy as "good." Anthony Salvanto, CBS News executive director of elections and surveys, breaks down the findings.
On Friday in Pennsylvania, President Trump announced that "we are going to be imposing a 25% increase, from 25% to 50%, the tariffs on steel into the U.S., which will even further secure the steel industry in the U.S." CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.
New economic data released on Friday showed higher U.S. personal income, a softening of inflation and lower trade deficits. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.
U.S. consumer sentiment improved slightly in May, according to new data from the University of Michigan. CBS News' MoneyWatch correspondent Kelly O'Grady has the latest.
While CBS News polling shows that Americans' views on the economy have improved since winter, there is still concern when it comes to finances. CBS News executive director of elections and surveys Anthony Salvanto breaks it down.
President Trump's efforts to reorient global trade has sparked a legal whirlwind. After two separate rulings halted Mr. Trump's global tariffs, a federal appeals court blocked that decision, allowing his plan to go forward as the legal challenges unfold. CBS News' Olivia Rinaldi and Barron's senior markets analysis writer Paul La Monica break it all down.
A national toymaker is suing the Trump administration over sweeping tariffs, claiming that they are an overreach of the president's authority. The CEO of learning-based toy company Learning Resources says tariffs specifically on China will be catastrophic for his 500-employee business. Rick Woldenberg joins "The Daily Report" to discuss.
In a return to the global trade war, President Trump threatened a new round of tariffs on the European Union. He said he recommends a 50% tariff on EU imports starting as soon as June 1, after saying negotiations with the EU are "going nowhere." CBS News' Major Garrett and Javier David have more.
More than half of Americans are planning to spend less money on travel, entertainment and dining purchases this year, according to a Bankrate survey. Ted Rossman, a senior industry analyst at Bankrate, joins CBS Morning News to break down what it all means.
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
The international credit agency Moody's has downgraded the U.S.' credit rating from its highest AAA rating to Aa1. CBS News senior business and technology correspondent Jo Ling Kent explains what the move could mean for the average American.
The U.S. economy is the largest globally, but its debt outweighs that distinction by trillions. Maya MacGuineas, president of the nonpartisan nonprofit Committee for a Responsible Federal Budget, joins "America Decides" to explain why that's a problem, and how increasing that debt with the latest budget proposal could hurt average Americans.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
A federal judge granted a Justice Department request to unseal grand jury transcripts from a federal investigation in Florida into convicted sex offender Jeffrey Epstein.
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
The man suspected of planting pipe bombs outside the RNC and DNC headquarters in 2021 was ordered detained in his first appearance in federal court.
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.
Kerrville Police Chief Chris McCall warned that the calls received by dispatchers are distressing.
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Federal regulators are investigating multiple Texas incidents in which the robotaxis drove around stopped school buses.
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Federal regulators are investigating multiple Texas incidents in which the robotaxis drove around stopped school buses.
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
A former autoworker was given back his retirement through the kindness of strangers.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
The man suspected of planting pipe bombs outside the RNC and DNC headquarters in 2021 was ordered detained in his first appearance in federal court.
A federal judge granted a Justice Department request to unseal grand jury transcripts from a federal investigation in Florida into convicted sex offender Jeffrey Epstein.
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
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."
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.
The royal symbol on the newly discovered figurines solves a long-standing mystery by identifying who was buried in the sarcophagus.
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
After a number of drone sightings near European airports and military bases, mysterious aircraft were seen over Ireland as Ukraine's Zelenskyy visited.
The Trump administration says societal threats mean some European nations may not be "strong enough to remain reliable allies."
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.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Eleven exclusive 2026 Golden Globes categories will be revealed Monday at 8:30 a.m. ET, only on "CBS Mornings."
The New York Times bestselling author returns to the village of Mitford in her 15th novel featuring Father Tim Kavanagh.
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 on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
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.
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.
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 has released its list of the 2025 top search trends. Robert Ferrera, a Google Trends expert, joins CBS News with more.
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.
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.
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Basketball legend Michael Jordan is expected to testify in an antitrust case against NASCAR. CBS News' Skyler Henry reports.
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.
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.
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.
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.
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.
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.
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Parents who lost their daughter to suicide say Character.AI chatbots led her down a dark and sexually explicit path. Sharyn Alfonsi investigates the scale and dangers of what's unfolding inside this rapidly growing AI technology.
When Scott Pelley profiled Gehry in 2002, his introduction said it all: "You may not know the man, but if you've ever seen a building designed by Frank Gehry, you'll never forget it. Gehry is to architecture what Einstein was to physics, what Picasso was to painting, what Jordan is to basketball." The celebrated and controversial architect has died at the age of 96.
The Supreme Court agreed on Friday to decide the legality of President Trump's plan to end birthright citizenship. CBS News politics reporter Melissa Quinn has more.
The Centers for Disease Control and Prevention's vaccine advisory panel voted to change recommendations on Hepatitis B vaccines for children, recommending delaying them until a child is 2 months old for children born to mothers who test negative for the virus. Dr. Yvonne Maldonado from Stanford Healthcare joins CBS News with her take on the change.
911 calls during the horrific Texas floods that killed dozens have been released. CBS News' Jason Allen reports.