Cleveland Fed chief expects inflation above 2% into 2023
Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, says she expects inflation to ease into next year, but remain above 2%.
Inflation
World food prices at all-time high due to Ukraine war, U.N. says
One official of the world body calls it "remarkable." The measure rose 12.6% from February's record mark.
Postal Service seeks to raise mail prices
The U.S. Postal Service wants to raise postage rates this summer, less than a year after it increased the price for a first-class Forever stamp. The price would rise to 60 cents from 58 cents.
Economic challenges continue with inflation
Despite unemployment hitting a record low, Americans are still seeing high prices at grocery stores and gas stations. Scott MacFarlane has more on the economic situation from the White House.
MoneyWatch: Unemployment drops in March
According to a report released Friday by the U.S. Bureau of Labor Statistics, U.S. employers added 431,000 jobs in March. Wages also picked up and unemployment dropped, but high inflation rates and a high demand for workers continue to plague the U.S. CBS News' Tanya Rivero and Nikki Battiste discuss the report with Diane Swonk, a chief economist for Grant Thornton.
Europe seeks energy independence from Russia
Gas prices are once again climbing in Europe, which gets 40% of its gas from Russia, because of supply-chain-related concerns related to the invasion of Ukraine. Josh Wingrove, White House reporter for Bloomberg, joins CBS News' Tanya Rivero and Mola Lenghi to discuss where Europe could begin looking for its future gas needs.
Inflation will clobber "entitled generation," BlackRock exec says
"We have a very entitled generation that has never had to sacrifice," Rob Kapito reportedly said at an oil and gas conference.
Stimulus checks for gas? Here's what could be coming your way.
A trio of bills in Congress would offer stimulus payments and rebates to help Americans cope with soaring gas prices.
Several states temporarily suspend gas taxes
Certain states have temporarily suspended their gas taxes as prices at the pump have surged in the U.S. amid inflation and Russia's war with Ukraine. Tamar Essner of Vectis Energy Partners joined CBS News' Meg Oliver and Tanya Rivero to discuss the gas tax holiday.
Here are the states suspending their gas taxes
As gas prices soar across the country to record highs, states are grappling with how to help consumers.
Inflation is just crushing U.S. renters
The cost of housing, heating and transportation is reaching record highs, squeezing renters on all sides.
War in Ukraine exacerbates global food crisis
Ukraine is one of the world's top exporters of wheat. Many countries in Africa and the Middle East rely on the country for its food products. But, Russia's attacks on Ukraine are disrupting its agricultural and shipping industries. Joseph Glauber, a senior fellow at the International Food Policy Research Institute, joined CBS News to discuss.
Pandemic impact on commercial real estate
A shift to remote work during the COVID-19 pandemic emptied out offices across the U.S., but companies are now bringing their workers back. However, the real estate market for offices is in a whole different place than it was before the pandemic. Crain's New York Business editor-in-chief Cory Schouten joins CBS News to discuss how small businesses and tenants have the upper hand.
MoneyWatch: Tips for coping with inflation
U.S. inflation is at its highest rate in 40 years. Economists at Moody's Analytics say higher costs add up to almost $300 per month for the average family. CNET Money editor-at-large Farnoosh Torabi joins CBS News' Tony Dokoupil and Tanya Rivero to share spending strategies that may help offset inflation's toll on your wallet.
"Hypermilers" go to extremes for fuel efficiency
As gas prices hover near record highs, some drivers are going to extremes to conserve fuel. They're known as "hypermilers." Kris Van Cleave takes a look.
Stock market reacts to interest rate hike
The Federal Reserve announced it will raise interest rates by a quarter percentage point to fight soaring gas prices and inflation. Trading expert Joe Saluzzi joined CBS News' Anne-Marie Green and Vladimir Duthiers to discuss how the stock market is reacting and what this means for our bank accounts.
Trucking industry hit hard by rising fuel costs
Record diesel prices are stalling the trucking industry. The costs are trickling down through the economy. Errol Barnett reports.
Trucking industry feels pain of rising diesel prices
The steep prices are trickling down through the economy.
Can Keystone XL pipeline lower U.S. gas prices?
As Americans face record high gas prices, many are debating whether the Keystone XL pipeline could help. Here's what experts say.
Federal Reserve announces interest rate hike
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
Federal Reserve expected to raise interest rates
The Federal Reserve is expected to raise interest rates by a quarter point on Wednesday amid soaring inflation rates. Joe Glauber, a senior research fellow for the International Food Policy Research Institute, joins CBS News' Lana Zak and Enrique Acevado to discuss the Fed's plan and how it could affect rising food prices and related food insecurity.
Here's how much inflation is costing Americans each month
Sharply higher prices for food, energy and other products are draining household budgets across the U.S.
Omicron variant, inflation cause stock drop
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the stock market's drop upon news that the Fed could end some emergency COVID measures sooner than expected. Plus, what the newly-identified Omicron COVID-19 variant is doing to the economy.
How to cut costs amid 7.9% inflation
CBS News business analyst Jill Schlesinger joins "CBS Morning" to share ways to save money at the gas pump and grocery store amid record-high inflation.
How supply shortages will impact Thanksgiving
Supply chain problems across the country could cause havoc for people's holiday plans. Meg Oliver finds out why shoppers may want to hit the grocery store soon to prepare for Thanksgiving, and Jill Schlesinger tells us how long we can expect to see inflated prices.
2 U.S. service members missing amid training exercise in Morocco
The service members were participating in African Lion, the largest joint military exercise on the continent.
Former guerrillas learn about birding in Colombia
Years after he was kidnapped by guerrillas in Colombia, a bird expert decided to introduce his former captors to birding, thinking they might make good guides.
Press gala shooting suspect moved off suicide watch, records show
In a motion requesting Allen's removal from suicide watch, his lawyers said that the restrictions amount to "violations of his rights under the Due Process Clause."
Live
Trump announces new effort to escort ships out of Strait of Hormuz
President Trump on Sunday announced Project Freedom, an effort to escort ships not involved in the war with Iran out of the Strait of Hormuz, will begin Monday.
Rudy Giuliani hospitalized in critical condition, spokesperson says
There was no immediate reason given for the 81-year-old's hospitalization.
Rep. Jason Crow says U.S. is "not good at having off ramps" in Middle East
Democratic Rep. Jason Crow of Colorado said on Sunday that the U.S should be considering a broader question of strategy in the war with Iran.
Why some white nationalists are showing up to areas hit by natural disasters
After natural disasters, white nationalists, militias, and conspiracists often arrive, offering help. But they also want to recruit and improve their image.
Ukraine hits Russian oil assets, including "shadow fleet" tankers
Ukraine has launched a wave of strikes against Russia's oil export infrastructure, including tankers in its "shadow fleet."
United flight landing at Newark strikes light pole, truck on NJ Turnpike
An investigation is underway after a United Airlines plane struck a light pole and truck on the New Jersey Turnpike as it was coming in for a landing at Newark Liberty Airport on Sunday afternoon, officials said.
U.S.
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Man arrested at Trump Miami golf club for disturbance, Secret Service says
The incident occurred one week after shots were fired during the White House Correspondents' Dinner in Washington, D.C., and Mr. Trump was rushed off the dais.
Rudy Giuliani hospitalized in critical condition, spokesperson says
There was no immediate reason given for the 81-year-old's hospitalization.
Video shows United flight strike truck on NJ Turnpike before landing at Newark
An investigation is underway after a United Airlines plane struck a light pole and truck on the New Jersey Turnpike as it was coming in for a landing at Newark Liberty Airport on Sunday afternoon, officials said.
Press gala shooting suspect moved off suicide watch, records show
In a motion requesting Allen's removal from suicide watch, his lawyers said that the restrictions amount to "violations of his rights under the Due Process Clause."
Watch a Spirit pilot's impromptu retirement celebration after airline shutters
A Spirit pilot received an impromptu retirement party from a different airline after what would have been his final flight was canceled.
MoneyWatch
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Overtourism: Too much of a good thing?
"Sunday Morning" looks at the impacts that increasing numbers of tourists, spurred in large part by social media, are having in some of the world's most popular and fragile destinations.
Berkshire Hathaway has 1st annual meeting without Warren Buffett
The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
Spirit Airlines shutting down after failed effort at government rescue deal
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Pickleball Inc. $225 million deal creates new home for sport
The deal merged Major League Pickleball and the Carvana PPA Tour, two of the nascent sport's most active entities, under one company, Pickleball Inc.
Exclusive
Ford CEO says company is focusing on making vehicles more affordable
Ford CEO Jim Farley tells CBS News, "Most of our new models are going to be more affordable versions."
Politics
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Man arrested at Trump Miami golf club for disturbance, Secret Service says
The incident occurred one week after shots were fired during the White House Correspondents' Dinner in Washington, D.C., and Mr. Trump was rushed off the dais.
Rudy Giuliani hospitalized in critical condition, spokesperson says
There was no immediate reason given for the 81-year-old's hospitalization.
Rep. Jason Crow says U.S. is "not good at having off ramps" in Middle East
Democratic Rep. Jason Crow of Colorado said on Sunday that the U.S should be considering a broader question of strategy in the war with Iran.
Sen. Raphael Warnock: Supreme Court "poured fuel on this redistricting arms race"
Democratic Sen. Raphael Warnock of Georgia called the Supreme Court's decision last week to strike down Louisiana's congressional map and weaken the Voting Rights Act "a massive and devastating blow."
Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with White House National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
HealthWatch
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HealthWatch
5/3: Sunday Morning
Hosted by Jane Pauley. Featured: The effects of overtourism; horse therapy; a tool to help keep dementia in check; Sting on "The Last Ship"; a golf journalist takes over a failing golf course; a Mozart exhibition; and collecting PEZ dispensers.
A tool to help keep dementia in check
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia. National Public Radio correspondent Allison Aubrey talks with neurologist Dr. Jonathan Rosand about how making changes to your daily habits might just be the prescription needed.
A tool to help keep dementia in check
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
Horsepower: How horses are therapeutic
Horses can form powerful bonds with people owing to their ability to sense and feel human emotions. Endeavor Therapeutic Horsemanship, in Bedford Corners, N.Y., has programs that help people with disabilities, veterans with PTSD, and the incarcerated through interactions with their horses. "60 Minutes" correspondent Lesley Stahl reports.
Football practice was leaving a teen fatigued. A rare cancer was to blame.
Cameron Rider's fatigue, body aches and fever were diagnosed as pneumonia, but he couldn't seem to get better.
World
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Ukraine hits Russian oil assets, including "shadow fleet" tankers
Ukraine has launched a wave of strikes against Russia's oil export infrastructure, including tankers in its "shadow fleet."
Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with White House National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Rep. Jason Crow on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Rep. Jason Crow, Democrat of Colorado, that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Minneapolis Fed president and CEO Neel Kashkari on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Minneapolis Fed president and CEO Neel Kashkari that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Transcript: Sen. Raphael Warnock on "Face the Nation with Margaret Brennan," May 3, 2026
The following is the transcript of the interview with Sen. Raphael Warnock, Democrat of Georgia, that aired on "Face the Nation with Margaret Brennan" on May 3, 2026.
Entertainment
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Entertainment
5/3: Sunday Morning
Hosted by Jane Pauley. Featured: The effects of overtourism; horse therapy; a tool to help keep dementia in check; Sting on "The Last Ship"; a golf journalist takes over a failing golf course; a Mozart exhibition; and collecting PEZ dispensers.
Sting embarks on "The Last Ship"
The English city of Newcastle was hometown of the rock musician Sting, who as a young man witnessed the city's shipbuilding business dry up. He's paid homage to his town's heritage by writing and starring in a musical, "The Last Ship."
Extended interview: Sting
In this web exclusive, the rock musician Sting talks with Mark Phillips about his stage musical, "The Last Ship," in which he stars, and which is being performed on a global tour. He calls the show an elegy for what Newcastle and its people represented to him growing up. He also discusses why, for him, uncertainty is a key component of art; why performing "Roxanne" today is never tiresome; and why, for him, music is a church.
Sting embarks on "The Last Ship"
For centuries the English city of Newcastle was a hard-scrabble industrial powerhouse that built ships. It was also the hometown of the rock musician Sting, who as a young man witnessed the city's shipbuilding business dry up. He's paid homage to his town's heritage by writing and starring in a musical, "The Last Ship," which he's now taking on an international tour. He talks with Mark Phillips about his long career, and why he can't stop working.
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including songwriter David Allan Coe, famous for his country hit "Take This Job and Shove It."
Technology
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Technology
Almanac: May 3
"Sunday Morning" looks back at historical events on this date.
Reducing data center impact on U.S. power grid
Powerful artificial intelligence data centers are putting a significant strain on the nation's power grid, but one U.S.-based company has a proposal to help solve the issue. Jon Parella, CEO and founder of Terraflow Energy, joins to discuss.
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.
Apple's latest earnings beat expectations
Apple's latest earnings report beat Wall Street expectations. CBS News contributor Patrick McGee joins with more.
Elon Musk concludes testimony in OpenAI trial
Elon Musk's testimony concluded Thursday in his lawsuit against OpenAI. Nicholas Thompson, CEO of The Atlantic and host of "The Most Interesting Thing in AI" podcast, joins "The Takeout" with analysis.
Science
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Science
Bill Nye on the Artemis II moon mission
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
Crime
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Man arrested at Trump Miami golf club for disturbance, Secret Service says
The incident occurred one week after shots were fired during the White House Correspondents' Dinner in Washington, D.C., and Mr. Trump was rushed off the dais.
Press gala shooting suspect moved off suicide watch, records show
In a motion requesting Allen's removal from suicide watch, his lawyers said that the restrictions amount to "violations of his rights under the Due Process Clause."
Stalked woman shot at 14 times by ex-boyfriend during horrific 911 call
Gloria Choi and her friends called Lakewood, Washington, 911 four times in 48 hours to report her being stalked by an ex-boyfriend. Two days later, he ran her off the road and riddled her truck with bullets as she was on the line with a 911 dispatcher.
New video of correspondents' dinner suspect
New video shows the alleged White House Correspondents' Dinner shooter breaching event security after roaming the hotel hallways prior to the dinner.
Starmer urges action at some Gaza protests after antisemitic attacks
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
Space
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Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Artemis II astronauts talk mission toilet troubles: "We made do"
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
Only on CBS
Artemis crew tells kids moon flight was "the best roller coaster ride"
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
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
5/3/2026: Disaster Tourists; Birds Of War; Perfume Capital Of The World
First, when the volunteer helping after a hurricane is a white nationalist. Then, birders flock here since guerrillas disarmed. And, Grasse: The perfume capital of the world.
5/3: CBS Weekend News
Passengers deal with Spirit shutdown fallout; Trump's poll numbers tank as Iran war continues to jack up gas prices.
Cherie DeVaux reflects on historic derby win
Trainer Cherie DeVaux says she's still coming to grips with her horse Golden Tempo's longshot win in Saturday's Kentucky Derby. Jericka Duncan reports.
Replacing Minuteman III nuclear missiles
The United States is in the process of replacing the 60-year-old Minuteman III nuclear missile with the new Sentinel missile. Ian Lee reports, with an exclusive look at one of our nation's most secure and destructive weapons.
Fuel costs eating into firefighting budgets
Aircraft used to fight wildfires are getting more expensive as fuel prices rise. Carter Evans reports.