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Inflation remains high but slowed slightly in April, according to new data from the U.S. Bureau of Labor Statistics. Consumer prices are up 8.3% from one year ago, which is down 0.2% from March but still higher than what experts predicted. CBS News political contributor Sean Sullivan, a White House reporter for the Washington Post, joined CBS News' Tanya Rivero and Mola Lenghi to discuss.
The April inflation report is expected to show rising costs across sectors, and President Biden says inflation is his top domestic priority. CBS News' Debra Alfarone reports, and then CBS News business Analyst Jill Schlesinger joins "CBS News Mornings" to discuss what the latest numbers means for consumers and their wallets.
The Labor Department released new inflation numbers on Wednesday while farmers are getting hit with upfront costs. It's impacting the supply chain, leaving store shelves empty. Nancy Cordes reports from the White House.
The average 30-year fixed mortgage rate hits 5.27%, nearly double what it was a year ago. Erin Sykes, chief economist at Nest Seekers International, has more on the impact.
Experts say Americans could soon see some relief as surging prices starts to weigh on consumer spending.
President Biden speaks on combating inflation; House hearing on "unidentified aerial vehicles"
President Biden speaks on how his administration is fighting inflation, while the politics of abortion continues to be at the forefront. CBS News chief White House correspondent Nancy Cordes and CBS News congressional correspondent Nikole Killion join "Red and Blue" to discuss.
President Biden delivered a speech Tuesday outlining his plans to reduce inflation and lower costs for consumers. CBS News senior White House and political correspondent Ed O'Keefe reports from Washington, then Ann Barry, the chief investment officer at Wheelhouse, joins Elaine Quijano on CBS News to discuss.
President Biden addressed rising costs and inflation in a speech Tuesday. Saira Malik, chief investment officer at Nuveen, joins CBS News' Tanya Rivero and Mola Lenghi with more on inflation and what to expect from Wednesday's consumer price index release.
As inflation takes center stage six months ahead of the midterm elections, President Biden said his administration is working to tackle rising costs, calling it his "top domestic priority." Ed O'Keefe has more details.
Gas prices are now 46% higher than they were at this time last year. For diesel, the situation is especially dire -- the price of diesel gas is up 78% over the past year. Carter Evans reports.
President Biden gave a speech on Tuesday on his plans to steady the economy, and he pushed back against Republicans who have been targeting Democrats over rising prices and inflation. Federal Reserve reporter for The New York Times Jeanna Smialek joins CBS News' Tanya Rivero and Mola Lenghi with more on the president's speech.
AA reports that the national average cost of gasoline as of Tuesday is $4.37.
Both Ukraine and Russia are major exporters of wheat, and as a result of the war Ukraine, prices worldwide have increased. Joseph Glauber, senior research fellow at the International Food Policy Research Institute and former USDA chief economist, joins CBS News to explain the changes consumers are seeing and how countries are responding.
Gas prices hit a record high Tuesday as President Biden is set to announce new plans to fight inflation. Nancy Cordes reports from the White House.
The stock market continued its downward trend Monday, as Americans face the highest inflation in decades. John Leer, chief economist for Morning Consult. joins Elaine Quijano on CBS News to discuss.
With the Federal Reserve introducing the steepest interest rate increase since 2000, prospective home owners are struggling to adjust. U.S. housing prices are up nearly 40% since March 2019, forcing many Americans out of their communities. Mark Strassmann has more.
Rising costs in the United Kingdom have compelled officials to hike up interest rates. CBS News contributor Simon Bates describes how British people are dealing with surging prices in this week's edition of "London Calling."
The U.S. economy remains strong despite rising inflation. But not everyone is feeling the economic boom. Carter Evans reports.
The Dow, Nasdaq and S&P plummeted Thursday as investors worry that the Federal Reserve's plan to fight inflation could slow the economy. CBS News business analyst Jill Schlesinger explains the volatility.
The Federal Reserve announced its biggest interest rate increase in over 20 years. The 0.5% increase is in response to high levels of inflation in America. Ajay Rajadhyaksha, Global Chairman of Research at Barclays, joins "CBS News Mornings" to discuss the impact it will have on Americans and the motivations behind the Fed's move.
Federal Reserve raising interest rates; Hawaii lawmakers pass bill to raise minimum wage
President Biden is facing concerns over jobs, the economy and inflation as well as the leak of a Supreme Court draft opinion indicating Roe v. Wade may soon be overturned. CBS News senior White House and political correspondent Ed O'Keefe joins Vladimir Duthiers and Anne-Marie Green with the latest.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the Federal Reserve raising interest rates to combat high inflation. She explains when prices may finally drop and what this means.
The fed is trying to tame skyrocketing inflation by hiking interest rates. That includes mortgage rates, which have jumped to over 5% from the start of this year. Nancy Chen reports.
Ukrainian President Zelenskyy says he and President Trump have agreed to meet in Florida on Sunday, signaling progress in talks to end the Russia-Ukraine war.
Millions of Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz carrying some 25,000 barrels of smuggled fuel, state media said.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
The body of 9-year-old Melodee Buzzard was found by authorities in Utah on Dec. 6 after she went missing in October.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Mickey Lee, a former "Big Brother" houseguest known for her vibrant personality and bold gameplay, has died, her family announced in a social media post shared Friday.
The band announced Perry Bamonte's death on their official website on Friday.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year.
Most major retail stores and grocery chains are closed on Christmas Day, with some exceptions.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
#LillyPartner Cancer clinical trials can offer patients access to investigational treatments that can be explored as early as the time of diagnosis. Ovarian cancer survivor Alicia Dellario and Dr. Arjun Balar, senior vice president of global clinical development at Eli Lilly and Company, join "CBS Mornings" to talk about the potential benefits of cancer clinical trials -- and clarify common misconceptions. Visit cancerclinicaltrials.lilly.com for more information. (Sponsored by Eli Lilly and Company)
The attack began Friday afternoon in the northern city of Beit Shean, where the Palestinian man crashed his vehicle into people, killing one man and injuring a teenage boy.
Images shared by Syria's state-run news agency showed blood on carpets, holes in the walls, shattered windows and fire damage.
Flat-headed cats are among the world's most threatened wild felines.
Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz carrying some 25,000 barrels of smuggled fuel, state media said.
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
Smith previously played young Nala in "The Lion King" on Broadway.
Mickey Lee, a former "Big Brother" houseguest known for her vibrant personality and bold gameplay, has died, her family announced in a social media post shared Friday.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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.
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
Smith previously played young Nala in "The Lion King" on Broadway.
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
His lawyers argued that Rozier's alleged involvement in the wire fraud and money laundering conspiracies is limited.
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
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.
Steve Hartman follows up on the story about a boy he met "On the Road" who can perfectly imitate bird calls.
Hassle-free returns may be a thing of the past, and if you're staring at a stack of unwanted Christmas gifts, you may have to think twice before mailing them back. Dave Malkoff reports.
The cost of heating a home is going through the roof, but there are steps you can take to try to keep your energy bills down. Ash-har Quraishi has details.
Flu season is in full swing, with close to 5 million cases and nearly 2,000 deaths, including at least three children, according to the Centers for Disease Control. Kati Weis reports.
Details are emerging about the Christmas Day military strikes in northern Nigeria. The U.S. launched what President Trump called a "powerful and deadly" strike on ISIS targets in the West African nation. Willie Inman has more.