Consumer confidence falls to lowest level in 3 years amid inflation fears
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
Inflation
U.S. producer price index unexpectedly drops
U.S. wholesale prices unexpectedly fell in April, marking the largest monthly drop since the start of the pandemic in 2020. CBS News contributor J.D. Durkin has more.
Walmart warns about Q2 price hikes
Walmart made headlines Thursday with an announcement warning consumers about impending price increases due to tariffs. MarketWatch financial columnist James Rogers joins CBS News with more details.
Walmart warns of price hikes due to tariffs
The Producer Price Index fell 0.5% in April, the largest decline since the COVID-19 pandemic began. Meanwhile, Walmart warned of price hikes due to President Trump's tariff plan despite recent trade deals. Barron's senior writer Megan Leonhardt joins CBS News 24/7 to break it down.
What's next for U.S. ports?
The U.S. and China have agreed to a 90-day tariff reduction with the Trump administration lowering import taxes on Chinese goods from 145% to 30% on Wednesday. Port of Los Angeles executive director Gene Seroka joins "The Daily Report" to discuss.
Inflation rate hits lowest level since 2021
The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Inflation rate rose by 2.3% in April, CPI report shows. Here's what it means.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Cost of auto parts rises in April
New data on Tuesday showed inflation cooled in April as President Trump rolled out his sweeping tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Big Tech stocks rise with CEOs in Saudi Arabia
The Dow Jones dipped on Tuesday, but Big Tech stocks saw gains as CEOs joined President Trump on his trip to Saudi Arabia. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Inflation rises 2.3% in April
The Consumer Price Index for April showed a 2.3% rise on an annual basis, which was lower than economists had predicted. CBS News MoneyWatch correspondent Kelly O'Grady reports.
New data on Trump tariffs effect
New Consumer Price Index data shows inflation is still affecting Americans and depicts the initial effects of President Trump's tariffs. CBS MoneyWatch correspondent Kelly O'Grady reports.
Why did the Fed hold rates steady?
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
Fed ignores Trump's call for cuts
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
American toymaker on tariff impact
One industry reeling from President Trump's tariffs is American toy makers. Jay Foreman, CEO of Basic Fun!, the toymaker selling brand names like My Little Pony, Tonka Trucks and Lincoln Logs, joins CBS News to discuss the impact.
Powell warns of risks from tariffs
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Small businesses deal with trade uncertainty
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
What's behind the declining economic numbers?
The U.S. economy shrank during the first three months of 2025. The Commerce Department reported Wednesday that U.S. gross domestic product declined at an annual rate of 0.3% from January to March. CBS News' Kelly O'Grady and Ed O'Keefe have more.
Poll finds shrinking Hispanic Trump support
President Trump won the 2024 election in no small part because of a surge of support from Hispanic voters. But a new poll shows the majority of his support among this key voting block is in decline. CBS News' Nidia Cavazos reports and Clarissa Martínez De Castro, vice president of the Latino Vote Initiative at UnidosUS, joins "America Decides," to discuss.
U.S. economy shrinks, Trump Cabinet meets
President Trump held a Cabinet meeting on Wednesday, coinciding with his administration's week-long first 100 days victory lap. But on this day 101, the economic numbers tell a different story. CBS News' Fin Gomez, Ed O'Keefe and Kelly O'Grady report on the details.
Stocks slide, new data shows economy shrank
Stocks slid on Wednesday after new data showed that the U.S. GDP declined at a .3% rate in the first quarter of 2025. It was the worst quarterly performance for the U.S. economy since early 2022. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Voters reflect on Trump's first 100 days
How are Americans grading President Trump's first 100 days back in office? CBS News chief Washington correspondent Major Garrett spoke with Republican and Democratic voters to hear what they had to say.
How is the economy 100 days into Trump's term?
"Trust in Trump" was the White House's message on Tuesday when it came to the president's economic policy. But his wide-reaching tariffs have shaken economic norms, led to market uncertainty and voter concerns. CBS News MoneyWatch correspondent Kelly O'Grady examines the state of the economy 100 days into Mr. Trump's second term.
State of economy 100 days into 2nd Trump term
The Dow Jones closed in the green on Tuesday as President Trump marked 100 days of his second term. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the state of the economy.
Trump makes false or misleading claims about grocery prices, cost of gas
President Trump has made a series of false or misleading statements about consumer prices, while shoppers are seeing some tariff-related cost hikes.
Eye on America: Rising energy costs and more
We travel to Connecticut to see how homeowners can save on rising energy costs. We also visit the community of Buffalo, New York, less than a year after a tragic mass shooting. Watch these stories and more on Eye on America with host Michelle Miller.
Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
2026 FIFA Men's World Cup groups revealed; Team USA learns its opponents
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
Frank Gehry, renowned architect, dies at age 96
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Judge orders unsealing of grand jury transcripts from Epstein case in Florida
A federal judge granted a Justice Department request to unseal grand jury transcripts from a federal investigation in Florida into convicted sex offender Jeffrey Epstein.
Here's were minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Suspect in D.C. pipe bomb case ordered detained in first court appearance
The man suspected of planting pipe bombs outside the RNC and DNC headquarters in 2021 was ordered detained in his first appearance in federal court.
Minnesota officials saw signs of massive fraud even before COVID hit
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Texas flood disaster 911 calls released: "Some callers did not survive"
Kerrville Police Chief Chris McCall warned that the calls received by dispatchers are distressing.
Indiana House GOP advances 9-0 congressional map, sending plan to state Senate
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
U.S.
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For Gen Zers, finding work after college is often a painful slog
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
Here's were minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Frank Gehry, renowned architect, dies at age 96
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Officials expand probe into Waymo over robotaxis driving around buses
Federal regulators are investigating multiple Texas incidents in which the robotaxis drove around stopped school buses.
MoneyWatch
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For Gen Zers, finding work after college is often a painful slog
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
Here's were minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Officials expand probe into Waymo over robotaxis driving around buses
Federal regulators are investigating multiple Texas incidents in which the robotaxis drove around stopped school buses.
Trump touts $20 trillion in new U.S. investments, but numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Politics
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Supreme Court to decide constitutionality of Trump's birthright citizenship order
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Indiana House GOP advances 9-0 congressional map, sending plan to state Senate
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
Suspect in D.C. pipe bomb case believed to be Trump supporter
The man suspected of planting pipe bombs outside the RNC and DNC is believed to be a Trump supporter and has been speaking with investigators, multiple sources told CBS News.
Judge orders unsealing of grand jury transcripts from Epstein case in Florida
A federal judge granted a Justice Department request to unseal grand jury transcripts from a federal investigation in Florida into convicted sex offender Jeffrey Epstein.
Trump touts $20 trillion in new U.S. investments, but numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
HealthWatch
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CDC panel votes to stop recommending birth dose of hepatitis B vaccine
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
Could pets be next for weight loss drugs? Here's what to know about a study.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
CDC panel to vote Friday on hepatitis B vaccine for newborns
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
12 ex-FDA leaders criticize claims made by agency's current vaccine chief
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
World
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Treasure trove found in Egyptian tomb solves ancient mystery
The royal symbol on the newly discovered figurines solves a long-standing mystery by identifying who was buried in the sarcophagus.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Mystery drones seen over Ireland during Zelenskyy's visit
After a number of drone sightings near European airports and military bases, mysterious aircraft were seen over Ireland as Ukraine's Zelenskyy visited.
White House claims Europe facing "civilizational erasure" in 2 decades
The Trump administration says societal threats mean some European nations may not be "strong enough to remain reliable allies."
7 tons of cocaine seized off Colombia, 11 arrested unharmed, navy says
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
Entertainment
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Frank Gehry, renowned architect, dies at age 96
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
2026 Golden Globes nominees to be revealed on "CBS Mornings"
Eleven exclusive 2026 Golden Globes categories will be revealed Monday at 8:30 a.m. ET, only on "CBS Mornings."
Book excerpt: "My Beloved" by Jan Karon
The New York Times bestselling author returns to the village of Mitford in her 15th novel featuring Father Tim Kavanagh.
Amy Allen on songwriting, Grammy nods
Amy Allen, who is up for four Grammys, including songwriter of the year, sits down with Anthony Mason to talk about how she went from a nursing student to writing Grammy-nominated hits for Sabrina Carpenter and other pop stars.
Netflix to buy Warner Bros. in a deal valued at $82.7 billion
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Technology
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Technology
Waymo says its cars are better at avoiding crashes
Waymo has released new data showing its robotaxis were involved in 91% fewer serious crashes when compared to human drivers. CBS News' Elizabeth Cook rode along in a Waymo with Politico economic policy reporter Yasmin Khorram to unpack the report.
Elon Musk's X fined $140 million for violating EU transparency rules
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
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.
Google reveals top search trends of 2025
The assassination of conservative activist Charlie Kirk, President Trump's "big, beautiful bill," and the longest government shutdown in U.S. history ranked among Google's top search trends this year.
Politico: Trump admin. looks to robotics
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Science
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Most dogs have wolf DNA. These breeds have more than others.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Crime
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Crime
D.C. pipe bomb case: What we still don't know
A judge ordered that the man accused of planting pipe bombs placed outside the Democratic and Republican National Committee headquarters in 2021 remain behind bars. CBS News justice correspondent Scott MacFarlane has more.
New video in UnitedHealthcare CEO shooting
Prosecutors have released new surveillance footage showing the lead-up to the shooting of UnitedHealthcare CEO Brian Thompson and the immediate aftermath. CBS News legal reporter Katrina Kaufman has the latest.
Michael Jordan expected to testify in court
Basketball legend Michael Jordan is expected to testify in an antitrust case against NASCAR. CBS News' Skyler Henry reports.
Luigi Mangione's pretrial hearings postponed
Luigi Mangione, the man who faces a New York state trial over the death of UnitedHealthcare CEO Brian Thompson, did not attend his pretrial hearing because he's sick, the court announced Friday. CBS News' Katrina Kaufman has the latest.
4 killed in new boat strike, Pentagon says
The Pentagon announced a new strike and the deaths of four people aboard a boat apparently carrying drugs in the Pacific Ocean. CBS News' Eleanor Watson reports.
Space
More Space
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
Russia sends a NASA astronaut, 2 cosmonauts, up to the space station
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
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
D.C. pipe bomb case: What we still don't know
A judge ordered that the man accused of planting pipe bombs placed outside the Democratic and Republican National Committee headquarters in 2021 remain behind bars. CBS News justice correspondent Scott MacFarlane has more.
Watch Valley | Sunday on 60 Minutes
Jon Wertheim travels to Switzerland's Vallée de Joux, known as "Watch Valley," where top brands have been refining the art of mechanical watchmaking for centuries. It's a curious time for luxury timepieces as the industry navigates the smartphone era and President Trump's tariffs. Sunday.
Michael Jordan testifies in NASCAR antitrust case
NBA legend Michael Jordan testified Friday in a federal antitrust case against NASCAR. CBS News correspondent Skyler Henry has the details.
Trump's influence to be felt in World Cup
The head of FIFA showered President Trump with flattery and praise at the 2026 Men's World Cup draw in Washington, D.C., on Friday. With the Cup coming to the U.S. as the nation celebrates its 250th birthday, Mr. Trump's presence will be ever-present. CBS News senior White House correspondent Weijia Jiang has more.
Ex-USMNT player Charlie Davies on World Cup
The groups for the 2026 FIFA Men's World Cup are set. CBS Sports Golazo Network analyst and former USMNT player Charlie Davies joins with his takeaways from Friday's draw.