"Uncomfortably high" inflation likely ahead this year: Yellen
Consumers could see the cost of food climb in addition to the spike in gas prices driven by the Russia-Ukraine crisis.
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Consumers could see the cost of food climb in addition to the spike in gas prices driven by the Russia-Ukraine crisis.
A day after gas prices reached an all-time high, fuel costs jumped to a new record. Americans are feeling the pain.
Rent prices are soaring for apartments across the U.S., but especially in South Florida. Some residents are now facing homelessness. Nancy Chen takes a look.
Inflation is causing prices to increase across the board, especially monthly rent — which soared nearly 20% last year in the U.S.
The war in Ukraine continues to push fuel prices across the U.S. to record highs. The national average jumped 8 cents overnight to $4.25 a gallon -- 60 cents higher than last week. Errol Barnett reports.
Food prices, especially the cost of meat, are on the rise -- with corporations citing the pandemic and inflation. But, corporate greed may also be a major factor in the price hike. Manuel Bojorquez investigates.
U.S. stocks are continuing to drop over tensions in Ukraine, as rising oil prices disrupt global markets. Dion Rabouin, a reporter for The Wall Street Journal, joins CBS News to discuss the impact on the nation's economy.
Already slammed with the highest inflation in 40 years, some consumers say they'll cut back amid rising gas prices.
Worries about the war in Ukraine sent stocks into a tailspin, despite a blockbuster jobs report. Meanwhile, gas prices are rising at a rate not seen since Hurricane Katrina in 2005. Carter Evans takes a look.
Numbers released Friday show major job growth nationwide as COVID cases fall and states roll back restrictions. According to the Department of Labor, U.S. employers added 678,000 jobs in February, and the unemployment rate fell from 4% to 3.8%. Barclays chief U.S. economist Michael Gapen joined CBS News's Vladimir Duthiers and Anne-Marie Green to discuss the numbers.
Federal Reserve Chair Jerome Powell testified Wednesday that the government will raise interest rates this month to curb rising inflation. CBS News reporter Sarah Ewall-Wice joined "Red and Blue" to discuss the economic impact.
Health benefits can help companies attract and retain employees, but for small businesses, offering coverage can be difficult. CBS News business analyst Jill Schlesinger shares how small business owners can navigate the rising costs of health care while also trying to manage labor shortage issues.
In his first State of the Union address, President Biden called for unity on a number of issues. CBS News senior White House and political correspondent Ed O'Keefe joined CBS News' Anne-Marie Green with a recap for "CBS News Mornings."
President Biden delivered his first State of the Union address under the shadow of the Russian invasion of Ukraine and soaring inflation. CBS News senior White House and political correspondent Ed O'Keefe joined CBS News' Anne-Marie Green and Vlad Duthiers with reaction to the president's address.
Gloom is spreading despite a rebound in the labor market. Even higher-income Americans are distressed.
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
President Biden delivered his first State of the Union address Tuesday night with a speech focused on bipartisanship and condemning Vladamir Putin and Russia's invasion of Ukraine. Sarada Peri, Former speechwriter for President Barack Obama, joins CBS News to discuss Mr. Biden's speech and what it says about the agenda of his administration.
Iowa Governor Kim Reynolds delivered the Republican response to President Biden's State of the Union address. In her speech, she highlighted concerns about inflation and education policies. Watch her full remarks here.
As inflation rates continue to rise, President Biden reiterated that his administration has a plan to address the issue. He said he will "lower your costs, not your wages." Watch this portion of his State of the Union address.
President Biden's State of the Union address will cover everything from the war in Ukraine and the pandemic to inflation and climate change. Republican strategist Leslie Sanchez and Democratic strategist Antjuan Seawright joined CBS News to discuss.
President Biden is gearing up to deliver his first State of the Union address Tuesday. CBS News senior White House and political correspondent Ed O'Keefe joined Anne-Marie Green and Vladimir Duthiers with a preview.
President Biden will deliver his first State of the Union address as the fighting in Ukraine worsens. CBS News senior White House and political correspondent Ed O'Keefe has more on what the president is planning to discuss Tuesday night when he speaks to the nation.
Even as President Biden touts his economic record, many people's finances are still far from recovery.
President Biden will give his first State of the Union address tonight against the backdrop of Russia's invasion of Ukraine and high inflation in the U.S. CBS News political reporter Caitlin Huey-Burns joined Anne-Marie Green and Vladimir Duthiers with a look at new poll numbers about the president's handling of the economy.
Transportation Secretary Pete Buttigieg joins CBS News' Tanya Rivero and Tony Dokoupil to talk about President Biden's upcoming State of the Union, what the administration is doing about rising gas prices, the supply chain crisis and other major priorities and challenges.
President Trump's comments came shortly after he said that the U.S. military had conducted "one of the most power bombing raids" on a vital Iranian oil hub.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
The stolen gun used in the Old Dominion University was sold this week to the shooter for $100, according to a federal law enforcement affidavit.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
The attacker rammed a vehicle into Temple Israel in West Bloomfield and opened fire, but he was the only one killed, law enforcement officials said.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Clinton, New Jersey, is known primarily for its old grist mill, its quaint downtown, and its historic resident, "Dave the Rave."
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
The stolen gun used in the Old Dominion University was sold this week to the shooter for $100, according to a federal law enforcement affidavit.
Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
Jan Carey was facing two misdemeanor criminal counts in Washington, D.C., federal court.
Matt Floca will be the new CEO and executive director of the Kennedy Center, President Trump announced.
A security detail has been requested from the federal health department's inspector general for top federal housing official Bill Pulte.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
The wild boar sparked a police response that drew in officers and veterinarians equipped with a tranquilizer gun, shields and even a blowgun.
Hamas called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
Amsterdam's mayor said police have CCTV footage of a person placing the explosive device against the school's exterior wall.
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Deep Swimming."
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "Sway."
Jay Buchanan is the frontman for the Grammy-nominated rock group Rival Sons. Outside of the band, he's collaborated with Brandi Carlile, Jason Isbell, and the Bee Gees' Barry Gibb. His debut solo album, Weapons of Beauty, is out now. Here's Jay Buchanan performing "True Black."
Watch scenes from the performances nominated for best supporting actress at the 98th annual Academy Awards, as well as interviews with the nominees.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
The U.S. is on high alert after two separate domestic attacks on Thursday: A shooting at Old Dominion University, and a car ramming at a Michigan synagogue. CBS News justice correspondent Scott MacFarlane has the latest details on the incidents.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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.
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
"CBS Saturday Morning" offers tips for avoiding scams this tax season.
Qatar, home to the largest U.S. military base in the Middle East, has been hit by Iranian retaliatory strikes amid the U.S.-Israeli war. Dr. Majed Mohammed Al-Ansari told CBS News' Imtiaz Tyab that the region needs "an end to this as soon as possible," warning, "a prolonged conflict in this region will have a profound impact" on the energy industry.
A federal judge blocked two grand jury subpoenas against Federal Reserve Chair Jerome Powell on Friday. Chief Judge James Boasberg wrote that "the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."