Rising grocery prices could lead to shrinkflation, food industry analyst says
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
Inflation
Expert breaks down grocery price increases
Food prices started rising rapidly during COVID-19. Since then, food inflation has slowed, but prices are still going up. Jo Ling Kent reports.
How the interest rate impacts Americans
The Federal Reserve's latest decision to implement a cut to its benchmark interest rate comes after lagging job growth. Allie Kelly, a reporter for Business Insider, joins CBS News with more on the impact on America's economy.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
U.S. inflation rose in August. Here's why.
The latest Consumer Price Index numbers show inflation is rising while jobless claims hit their highest level in nearly four years. CBS News MoneyWatch correspondent Kelly O'Grady explains what to know.
The most striking figures in new inflation data
The latest Consumer Price Index shows overall prices rose by nearly 3% on an annual basis last month. There were more warning signs about the labor market. Kelly O'Grady explains.
Breaking down the latest inflation numbers
New data from the Labor Department shows that inflation ticked up last month with the consumer price index rising by nearly 3% in August compared to the year before. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Social Security COLA could increase 2.7% in 2026, new estimate shows
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
U.S. consumer inflation increase in August
The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.
CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
Labor Dept watchdog launches probe into the Bureau of Labor Statistics
Internal review, which will focus on how BLS collects and reports economic data, follows claims by President Trump that the statistics bureau is politicized.
Inflation is creeping higher, putting pressure on American consumers
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
New economic data shows slight dip
The Producer Price Index fell by 0.1% in August, according to new data released Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Economists' top 3 takeaways from the dismal August jobs report
Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
Why August jobs report could be concerning
The August jobs report fell short of economists' muted expectations. The Labor Department said U.S. employers added 22,000 new jobs last month. Economists had expected a number closer to 80,000. The unemployment rate also ticked up slightly to 4.3% in August. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Digging into the weak August jobs report
The U.S. economy added 22,000 non-farm jobs in August, below the 75,000 forecast by leading economists. Unemployment ticked up to 4.3%. CBS News' Jo Ling Kent reports and Justin Wolfers, an economics professor at the University of Michigan, joins "The Takeout" to discuss.
White House reacts to lousy jobs report
The White House is downplaying recent jobs data that falls short of expectations. This comes as the Federal Reserve prepares to announce a potential interest rate cut. CBS MoneyWatch correspondent Kelly O'Grady reports, and Willie James Inman has more from the Trump administration.
The government's next jobs report lands Friday. Here's what to look for.
After President Trump expressed "shock" over the pace of hiring in July, much is riding on the employment data for August.
Americans plan to spend less this holiday season, survey shows
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
Retailers warn cost of pantry items to rise
Some major U.S. retailers are warning that the costs of staple pantry items are expected to rise as a result of President Trump's new trade policies. Patrick Thomas, a reporter for the Wall Street Journal, joins with more details.
Dow Jones dips after new July inflation data
The Dow Jones fell on Friday after new data showed inflation remained mostly steady in July, but with some prices edging up. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Biggest takeaways from the government's latest inflation data
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Inflation remained mostly level in July, though some prices edged up
Prices rose at an annual pace of 2.6% in July, the same rate as the previous month and in line with economist forecasts.
Live
Witkoff, Kushner to take part in second round of Iran peace talks in Pakistan
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."
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.
Sam Altman apologizes for not flagging authorities to mass shooter's ChatGPT account
The ChatGPT account of the shooter, who killed eight people in a small British Columbia community, had been banned about eight months prior to the massacre.
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.
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.
U.S.
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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
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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.
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
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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
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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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Sam Altman apologizes for not flagging authorities to mass shooter's ChatGPT account
The ChatGPT account of the shooter, who killed eight people in a small British Columbia community, had been banned about eight months prior to the massacre.
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 take part in second round of Iran peace talks in Pakistan
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.
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
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Sam Altman apologizes for not flagging authorities to mass shooter's ChatGPT account
The ChatGPT account of the shooter, who killed eight people in a small British Columbia community, had been banned about eight months prior to the massacre.
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.
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.
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.
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.
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
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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
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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
Watch tornadoes swirl through Oklahoma
On Thursday night, at least six tornadoes whipped through Oklahoma, causing chaos and destruction. Videos show them spiraling through the state. Some footage does not contain audio.
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.