"Shrinkflation": Consumers getting less for their money
Consumers are getting less for their money as products get smaller and prices stay the same. Carter Evans has more on "shrinkflation."
Inflation
U.S. inflation hits 41-year high
Inflation surged to a 41-year high, with the Consumer Price Index showing Americans paid more last month for just about every necessity from gas prices to rent. Nancy Chen takes a look.
Fed rate hikes hurting would-be home buyers
The Fed has tried to ease inflation by raising interest rates, but that move is also shutting some would-be home buyers out of the housing market. New York Times Federal Reserve and economy reporter Jeanna Smialek explains how the Fed's actions are putting more pressure on renters.
CPI report shows inflation rose 9.1% in June
The U.S. Department of Labor's latest CPI report shows prices in June rose 9.1% from last year, marking the largest year-over-year increase since 1981. CBS News' Sarah Ewall-Wice shares more about what this could mean for the economy.
Republicans criticize Biden amid inflation
Republicans criticized President Joe Biden after new data revealed that inflation surged to a 41-year high last month. CBS News' Tanya Rivero and Elaine Quijano assess the current state of the U.S. economy with reporter Sarah Ewall-Wice.
U.S. inflation hits new 40-year high
Across the board, Americans are paying more for everything, including housing, groceries and gas, according to new government data. CBS News' Tanya Rivero and Elaine Quijano spoke with Wall Street Journal economics reporter Gwynn Guilford about the state of the economy and how the Federal Reserve may react.
Social Security checks could get a 10.5% bump due to inflation
June inflation was higher than expected, at 9.1%. That could set up seniors for the biggest payment boost since 1981.
Tips to prepare for a possible recession
With inflation at a 40-year high, and the Federal Reserve raising interest rates, many financial experts warn of an economic slowdown. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss how to protect your finances during this uncertain time.
June Consumer Price Index to be released
June may have been an even hotter month for inflation than in previous months. Inflation could rise again in the latest CPI report, but economists say it might begin to cool off. President of Sevens Report Research Tom Essay joins CBS News Mornings to talk about what to expect.
War in Ukraine rages on as global crisis worsens
The war in Ukraine is having a major impact on food and fuel supplies worldwide. William Taylor, former U.S. ambassador to Ukraine, joined John Dickerson to discuss the situation.
How to save despite economic uncertainty
CBS News business analyst Jill Schlesinger joined Anne-Marie Green and Vladimir Duthiers to discuss the ongoing recession fears amid a strong job market and offered tips on how to save money despite economic uncertainty.
Prices of essential items continue to surge
Americans are seeing a significant price increase for essential items, hitting a 40-year high. Sarah Foster, an analyst for Bankrate.com, joins "CBS News Mornings" to discuss how Americans can combat the rise in the cost of goods.
8 in 10 travelers experienced travel problems this year, survey finds
The findings come as Americans continue to struggle with higher inflation.
Are corporate profits driving inflation?
There are two commonly-accepted aspects of economics that determine prices: supply and demand. But some say a third factor is companies' pursuit of increased profits in the midst of supply-and-demand chaos stirred by war and pandemic. Correspondent David Pogue talks with former Treasury Secretary Larry Summers, former Labor Secretary Robert Reich, and economist Mike Konczal about the legitimacy of corporate avarice
"Greedflation": Is corporate profit-taking driving prices higher?
Two commonly-accepted aspects of economics that determine prices are supply and demand. But some say a third factor is companies exploiting our present chaos, stirred by war and pandemic, in the pursuit of increased profits.
Britain feels the impact of record inflation
Britain's inflation rate hit a new 40-year high of 9.1%.
Inflation rates climb across the globe
The United States isn’t the only country seeing inflation rates soar. In Britain, costs have increased up to 25 to 30%, sending shockwaves throughout industries. Roxana Saberi has more.
Mick Mulvaney weighs in on the U.S. economy
Mick Mulvaney, former acting White House chief of staff, spoke to CBS News’ Catherine Herridge about the current state of the U.S. economy and why he believes a recession is "inevitable."
Hiring remains strong despite Fed interest rate hikes
U.S. employers added 372,000 jobs, the Labor Department reported Friday, greatly surpassing what economists had expected. Akin Oyedele, investing deputy editor for Business Insider, joins Catherine Herridge to discuss what these numbers could mean.
Las Vegas home prices drop for first time in 2 years
Home prices in Las Vegas have dropped for the first time in over two years. According to the Las Vegas Review Journal, increasing mortgage rates and decreasing home sales are causing the trend. Eli Segall, a real estate reporter for the Las Vegas Review Journal, joins CBS News' Jamie Yuccas to discuss.
Inflation causing housing affordability crisis
Rrecord-high inflation is making homelessness worse across the U.S., according to a report from the Washington Post. Rachel Siegel co-authored that article and joins Lana Zak on CBS News to discuss.
7/6: Red and Blue
Pat Cipollone to testify before Jan. 6 committee; Labor Dept. reports job openings near record high
Concerns linger on gas prices and inflation
Financial Times U.S. economics editor Colby Smith joins "Red and Blue" to break down what natural gas prices skyrocketing in Europe mean for the U.S., where gas prices may go next, and how worried people should be about inflation.
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
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.
U.S. launches more strikes on Iranian targets after Trump promises to hit Iran "hard"
The U.S. military launched an additional round of strikes on targets within Iran early Thursday morning local time, hours after President Trump vowed to hit Iran "hard."
Live
Hegseth says U.S. will "negotiate with bombs" if needed; U.S. announces more strikes
The U.S.-Iran ceasefire is appearing to crumble as U.S. forces struck Iran again Wednesday after President Trump pledged Tehran will "pay the price" for not accepting a deal.
Vance says Netanyahu has "certainly gotten some things wrong"
The vice president said President Trump "has been very clear about what is in our best interest" as the relationship with Israel is tested over the Iran war.
Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
Florida man blames wrongful arrest on "error-prone" AI facial recognition
The wrongful arrest is just one of over a dozen in recent years linked to facial recognition technology.
Judge declines to halt "anti-weaponization fund" but warns DOJ not to "play possum"
A judge denied a request to block the DOJ's "anti-weaponization fund," noting Acting Attorney General Todd Blanche had already vowed not to move forward. But the judge warned: "Don't play possum with this court."
Bill Gates tells Congress that meeting Epstein was "a grave error in judgment"
Bill Gates told members of Congress on Wednesday that Jeffrey Epstein put his philanthropic work at risk, and that meeting him represented "a grave error in judgment."
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
American's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
U.S.
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Far-right influencer arrested in Texas on charge of making terroristic threats
Jake Lang, a far-right influencer who was charged in connection with the Jan. 6, 2021, Capitol insurrection, was arrested in Dallas on a state charge of making terroristic threats.
In a tough economy, many U.S. teachers forced to work second jobs
According to a recent survey, 71% of U.S. public school teachers said they work at least one second job.
Florida man blames wrongful arrest on "error-prone" AI facial recognition
The wrongful arrest is just one of over a dozen in recent years linked to facial recognition technology.
American's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Will SpaceX's blockbuster IPO soar or sputter? Past IPOs offer clues.
Splashy initial public offerings often skyrocket early on, only to return to earth with a thud, Wall Street analysts say.
MoneyWatch
More MoneyWatch
In a tough economy, many U.S. teachers forced to work second jobs
According to a recent survey, 71% of U.S. public school teachers said they work at least one second job.
American's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Will SpaceX's blockbuster IPO soar or sputter? Past IPOs offer clues.
Splashy initial public offerings often skyrocket early on, only to return to earth with a thud, Wall Street analysts say.
Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
Honda recalls 880,000 vehicles over possible rear suspension issue
The recall affects certain Honda Pilot, Ridgeline, Passport, and Acura MDX vehicles sold in 23 states and the District of Columbia.
Politics
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Judge declines to halt "anti-weaponization fund" but warns DOJ not to "play possum"
A judge denied a request to block the DOJ's "anti-weaponization fund," noting Acting Attorney General Todd Blanche had already vowed not to move forward. But the judge warned: "Don't play possum with this court."
U.S. launches more strikes on Iranian targets after Trump promises to hit Iran "hard"
The U.S. military launched an additional round of strikes on targets within Iran early Thursday morning local time, hours after President Trump vowed to hit Iran "hard."
Vance says Netanyahu has "certainly gotten some things wrong"
The vice president said President Trump "has been very clear about what is in our best interest" as the relationship with Israel is tested over the Iran war.
Exclusive
ICE mandates additional training for new hires after backlash
ICE has extended training for new officers and mandated additional instruction for those onboarded under a shortened process that has now been scrapped.
When will the Iran war end? Here's what Trump has said.
President Trump has offered timelines of days and weeks for the Iran war, but a solution remains elusive.
HealthWatch
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HealthWatch
FDA approves new sunscreen ingredient
The FDA approved a new ingredient for sunscreen that's been in use in Europe for years. Dr. Jon LaPook has more details.
New sunscreen option wins FDA approval after years of delay
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Safety concerns over weight loss drug
There's a new safety concern about doctors prescribing one experimental weight loss treatment, retatrutide, that hasn't even been FDA approved yet. Adam Yamaguchi reports.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
World
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U.S. launches more strikes on Iranian targets after Trump promises to hit Iran "hard"
The U.S. military launched an additional round of strikes on targets within Iran early Thursday morning local time, hours after President Trump vowed to hit Iran "hard."
Vance says Netanyahu has "certainly gotten some things wrong"
The vice president said President Trump "has been very clear about what is in our best interest" as the relationship with Israel is tested over the Iran war.
When will the Iran war end? Here's what Trump has said.
President Trump has offered timelines of days and weeks for the Iran war, but a solution remains elusive.
Just 1 in 10 Europeans now view the U.S. as an ally, according to poll
A growing number of Europeans see the U.S. as a rival or an adversary, especially in Denmark, France, Spain and Switzerland, according to the poll.
U.S. Embassy in Mexico warns Americans of safety risks ahead of World Cup
The U.S. Embassy said Americans traveling to Mexico for the World Cup should look at advisories for the region they will be visiting.
Entertainment
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Entertainment
G Flip on song becoming a hit in "Off Campus"
Musician G Flip first rose to fame in Australia but has become a global star since their song "Bed of Fire" appeared in the series "Off Campus." They speak to "CBS Mornings" about how the song's popularity has impacted their music, family support and advice for young artists.
Amazon's best books of the year so far
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to reveal Amazon's best books of the year so far and why they made the list.
Pope Leo met with Bad Bunny in Spain
Pope Leo XIV met with music superstar Bad Bunny in Spain as the pontiff continues his multi-city tour. CBS News' Chris Livesay reports.
Taylor Swift wedding fuels prediction markets
Bettors have wagered millions of dollars on platforms like Polymarket and Kalshi as rumors swirl surrounding the wedding of Taylor Swift and Travis Kelce. Jo Ling Kent has more.
Broadway stars at the Tony Awards
Hollywood stars like Daniel Radcliffe and Rachel Dratch took to the stage this Broadway season. CBS News' Taylor Masi spoke with some of the stars at the 2026 Tony Awards.
Technology
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Technology
Diving into smart glasses' pros and cons
Major tech players are racing to put AI on your face, literally, with smart glasses. Ziad Asghar, senior vice president and general manager of XR, Wearables and Personal AI for Qualcomm, joins CBS News to discuss.
American's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
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.
OpenAI announces plan to go public
Last week, Anthropic, valued at almost a trillion dollars, filed to go public. Yesterday, its chief rival OpenAI confidentially filed for an initial public offering. Later this week, SpaceX is set to go public in what could be the largest IPO ever. Jon Krohn, the co-founder and CEO of Y Carrot, joins CBS News to discuss.
Meta launches program to train workers for data center jobs
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
Science
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World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Crime
More Crime
Florida man blames wrongful arrest on "error-prone" AI facial recognition
The wrongful arrest is just one of over a dozen in recent years linked to facial recognition technology.
Gates speaks out before Epstein testimony
Microsoft co-founder Bill Gates spoke to reporters on Capitol Hill Wednesday before testifying for members of the House Oversight Committee about his ties to convicted sex offender Jeffrey Epstein. CBS News' Taurean Small reports.
Inside the White House Epstein files reaction
The release of the Epstein files triggered a "freakout" inside the White House for President Trump's top advisers, a new report from The New York Times shows. CBS News' Nancy Cordes has more.
Pilot accused of flying without valid license
An Air Canada pilot is accused of flying 900 flights over 17 years without a proper license. The man used false documents after being promoted to captain in 2009 until his retirement last year, authorities said. He did have a valid commercial pilot license, but never got the license required to act as a captain.
Bill Gates testifying on ties to Epstein
Microsoft co-founder Bill Gates is expected to testify before members of the House Oversight Committee in a closed-door interview to discuss his ties to convicted sex offender Jeffrey Epstein. CBS News' Taurean Small reports.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
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.
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
New survey results on U.S. financial stress
A new poll from Edward Jones and Gallup of more than 5,000 adults found only 16% felt financially "fulfilled." More than half said they feel financially "conflicted," experiencing both stability and uncertainty. 32% were financially stressed. Washington Post columnist Michelle Singletary joins "The Daily Report" to discuss her article about the poll.
Constitutional questions around SNAP rules
A federal judge has halted an effort by the Trump administration to force states to comply with conditions tied to SNAP food benefits. Twenty Democratic states sued over requirements surrounding gender ideology, immigration and fair opportunities in sports for women and girls. CBS News legal contributor Jessica Levinson answers constitutional questions about the case.
FDA approves sunscreen ingredient
The Food and Drug Administration approved the chemical compound bemotrizinol in sunscreens sold in the U.S. It's the first time in over 25 years that the FDA has approved a new sunscreen ingredient. CBS News medical correspondent Dr. Céline Gounder has more.
Ret. Maj. Lyons on new U.S. strikes against Iran
The U.S. launched strikes against Iran on Wednesday night following the downing of an Apache helicopter earlier in the week. CBS News Pentagon reporter Eleanor Watson has the latest. Then, Ret. Army Maj. Mike Lyons joins with analysis.
More details on U.S. strikes in Iran
U.S. Central Command said the U.S. launched a new round of what it called self-defense strikes against Iran on Wednesday. Two U.S. officials familiar with the strikes told CBS News the targets include amminuition depots, command and control centers and warehouses. CBS News' Charlie D'Agata and Courtney Kealy have more.