Inflation cools slightly in July
July's producer price index report showed price pressures were largely flat, with inflation easing slightly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Inflation
CPI report shows inflation eased in July to a 3.4% annual pace
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
Inflation cools slightly; NYC probes Kalshi
U.S. inflation cooled slightly in new data from July. Also, the New York City Council launched a sweeping investigation into the marketing practices of prediction market companies such as Kalshi and Polymarket. Axios markets correspondent Matt Phillips shares his thoughts.
Trump faces disappointing July jobs report
The economy unexpectedly lost 23,000 jobs in July, signaling a slowdown that could complicate the Federal Reserve's next move on interest rates in September. The Trump administration downplayed the jobs report, blaming it on federal downsizing and layoffs in World Cup hospitality. CBS News business producer Emily Pandise has more.
U.S. unexpectedly loses 23,000 jobs in July
The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Americans got their biggest raises in 40 years. Inflation took most of it.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
More adults moving back home
With wages stagnant, inflation up, and the cost of living increasing, more American adults are seeing their parents as potential roommates as they look to save cash. CBS MoneyWatch reporter Megan Cerullo has more.
"Peanut butter" pay raises are out, as employers shift to merit hikes
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
More young Americans moving home to save cash
With inflation and rising costs, the affordability crisis is prompting some adults to consider rooming with their parents. CBS News' Jericka Duncan spoke with a 34-year-old woman about her decision to move back home.
Survey on Americans' sentiments on CEOs
A new survey examined Americans' attitudes and perceptions toward CEOs and extreme wealth concentration. CBS News contributor Javier E. David responds.
Americans surveyed on back-to-school budgets
With inflation contributing to price bumps, many families are looking to save on their back-to-school budgets. We took a look at a spending survey.
Poll: 75% say inflation outpacing income
New CBS News polling shows many Americans don't think President Trump is doing enough to bring down prices. Political strategists Rina Shah and Amirah Sequeira join with analysis.
More Americans buying groceries on credit
More Americans are resorting to buying groceries on credit, according to research by the think tank Urban Institute. Washington Post personal finance columnist Michelle Singletary joins "The Takeout" to discuss what's behind the trend.
7/31: The Takeout with Major Garrett
President Trump holds Cabinet meeting at Camp David; 7 states report cyberattack on water systems.
Finding back-to-school shopping deals
With inflation up, Americans are expected to spend even more this year on back-to-school purchases. "CBS Mornings" has saving tips, plus how to find deals.
Poll: Many say neither party helping inflation
As the perceived disparity between incomes and inflation continues to grow, new CBS News polling shows many Americans don't feel relief coming from Republicans or Democrats. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Poll: Democrats, GOP tied on economic ratings
In a shift, new CBS News polling finds both Democrats and Republicans are tied on economic approval ratings. CBS News executive director of elections and surveys Anthony Salvanto has the numbers.
Stocks rebound as some tech companies rally
Wall Street saw a big rebound on Thursday, with the Dow and Nasdaq shooting up more than 600 points. Yahoo Finance senior reporter Brooke DiPalma joins with analysis.
U.S. economic growth slows down
U.S. economic growth slowed down in the second quarter of 2026. CBS News business analyst Jill Schlesinger weighs in.
U.S. economy slowed in second quarter as Iran war weighs on growth
Economic activity weakened between April and June as energy costs surged, new government data shows.
Stocks fall as Fed keeps interest rate steady
Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.
Dow has worst day since April 2025
Investors reacted sharply on Wednesday to the Federal Reserve's decision to leave interest rates unchanged amid persistent inflation and spikes in energy prices. Emily Russell, commentary and policy editor at Barron's, joins with analysis.
3 Fed members voted to hike interest rates
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, but the decision was not unanimous: three members voted to raise rates by a quarter of a percentage point. CBS News MoneyWatch correspondent Kelly O'Grady joins with analysis.
Dow closes down over 1,000 points
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Will the Fed increase interest rates?
The Federal Reserve is widely expected to leave interest rates unchanged, but some believe inflation warrants a rate hike. CBS News' Kelly O'Grady has more.
Hurricane Lala lashes Hawaii's Big Island as a Category 1 storm
Hurricane Lala slammed Hawaii's Big Island, where it was bringing heavy rain and the possibility of life-threatening flooding and mudslides.
Live
Iran strikes another ship in Strait of Hormuz as Israel steps up Lebanon attacks
Israel is being condemned by Lebanese leaders for a strike in the south that killed at least nine people, including children, according to the health ministry.
Exclusive
Fired Ukrainian defense minister says Ukraine is in a "technological war" with Russia
Mykhailo Fedorov, the former Ukrainian defense minister who is widely credited as the architect of the country's modern war-fighting strategy, told CBS News in an exclusive interview that he believes Ukraine is in a "technological war" with Russia.
South Carolina to hold first 2028 Democratic presidential primary
South Carolina's Democratic presidential primary will take place on Jan. 22, 2028. Nevada, New Hampshire, New Mexico, Michigan and Virginia will also hold early Democratic nominating contests.
NATO fighter jet shoots down drone in Romania near border with Ukraine
It is the latest in a series of similar incidents involving drone incursions into NATO airspace from Ukraine
Indiana storms linked to 5 deaths as floods trigger rescues and evacuations
Indianapolis Mayor Joe Hogsett urged residents along the White River to evacuate on Saturday.
Colombian president says he asked Trump to suspend tariffs after earthquake
Colombian President Abelardo de la Espriella said he called President Trump and asked him to suspend tariffs currently targeting the South American nation.
Construction workers find $10 million gold stash in renovations
Police issued a warning telling "gold prospectors" to stay away from the construction site
5 people injured in shooting at Virginia State University, 1 suspect arrested
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
U.S.
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Security video helps lead to a masked killer who tried to hide the crime
Dr. Steven Milner, a well-respected Oregon veterinarian, was accused of stalking and disguising himself before murdering Kenny Fandrich — the husband of a former employee. Security cameras played a key role in how detectives pieced the case together.
Indiana storms linked to 5 deaths as floods trigger rescues and evacuations
Indianapolis Mayor Joe Hogsett urged residents along the White River to evacuate on Saturday.
American Kate Douglass sets 50-meter freestyle world record at Pan Pacific
Kate Douglass, 24, is a five-time Olympic medalist.
5 people injured in shooting at Virginia State University, 1 suspect arrested
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
MoneyWatch
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Hormuz chaos highlights risks for other global trade chokepoints
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
How to get a refund for Trump tariffs struck down by Supreme Court
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Walmart tomato soup kits recalled over Listeria risk, FDA says
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
See how much renters pay for a 2-bedroom home in 50 U.S. cities
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
Politics
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South Carolina to hold first 2028 Democratic presidential primary
South Carolina's Democratic presidential primary will take place on Jan. 22, 2028. Nevada, New Hampshire, New Mexico, Michigan and Virginia will also hold early Democratic nominating contests.
Army temporarily grounds Apache helicopter training flights after deadly crash
The U.S. Army said Friday it is temporarily halting Apache helicopter training flights after two soldiers were killed earlier this week in a crash near Fort Hood, Texas.
First on CBS
Inside "the Pool": Fugitive arrested in alleged cross-border car trade scheme
Along the Texas-Mexico border, prosecutors say a group of businessmen found a way to monopolize the trade of used cars — a scheme called "the Pool." This week, authorities say they caught one alleged member.
First on CBS
Justice Department expands military's power to detain migrants near border
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
Feds charge woman for allegedly vandalizing World War II Memorial in D.C.
The top federal prosecutor in Washington, D.C., said a woman has been arrested and faces two felony charges related to vandalism of the World War II Memorial.
HealthWatch
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Mom-to-be had 2 signs of rare complication: "Everything kept getting worse"
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Maps and charts show record number of measles cases in U.S. this year
CBS News has been tracking a record number of measles cases and outbreaks around the country. The majority of cases are among those who haven't been vaccinated.
Norah O'Donnell: I take testosterone. Here's why.
Norah O'Donnell sat down with her own doctor, Rachel Rubin, to tackle the important topic of menopause: How your body changes, why women may be needlessly suffering, and what you can actually do about it.
World
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NATO fighter jet shoots down drone in Romania near border with Ukraine
It is the latest in a series of similar incidents involving drone incursions into NATO airspace from Ukraine
Exclusive
Fired Ukrainian defense minister says Ukraine is in a "technological war" with Russia
Mykhailo Fedorov, the former Ukrainian defense minister who is widely credited as the architect of the country's modern war-fighting strategy, told CBS News in an exclusive interview that he believes Ukraine is in a "technological war" with Russia.
Colombian president says he asked Trump to suspend tariffs after earthquake
Colombian President Abelardo de la Espriella said he called President Trump and asked him to suspend tariffs currently targeting the South American nation.
Liechtenstein moves to change succession laws, paves way for women on throne
The change shouldn't affect the top of the line of Liechtenstein's royal house succession in the immediate future.
Father and young sons rescued after 16 hours stranded off Thai island
The father and his two sons had rented a jet ski from a local operator, but failed to return it at the agreed time.
Entertainment
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Entertainment
8/15: CBS Saturday Morning
Rain floods the Midwest as Lala looms over Hawaii. We look inside a spy satellite company. Plus, Putin's meeting with President Trump, a year later.
Elizabeth Cook sings "Girls of Atomic City"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Girls of Atomic City."
Elizabeth Cook takes us to "Sunset Promenade"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Sunset Promenade."
Elizabeth Cook sings "Razorwire Wall"
Country singer-songwriter Elizabeth Cook has returned over 400 times to Nashville's Grand Ole Opry. She appears with David Letterman in "The Easy Kind," a new film inspired by her life and rise in the music industry. Her new record, "Great Television," is out now. Here's Elizabeth Cook with "Razorwire Wall."
Jeff Daniels and Jared Harris on new film
Emmy-winner Jeff Daniels stars as President Ronald Reagan and Jared Harris portrays Soviet leader Mikhail Gorbachev in "The Brink of War," a film that portrays the two leaders at the 1986 Reykjavik Summit. Daniels and Harris share their experiences playing these two historical figures amid a period of high political tension.
Technology
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Technology
The silent spy game orbiting above Earth's skies
Above Earth's atmosphere, an arms race is unfolding. Thousands of miles above the ground, satellites from different companies and nations are observing us and each other. To learn more, Olivia Gazis traveled to Vantor, a Colorado-based satellite technology company.
Where to get the latest CBS Mornings Deals
On this edition of CBS Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
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.
French teen social media ban struck down by top constitutional authority
France's social media ban, which was due to take effect on Sept. 1, would have barred younger users from networks such as TikTok, Snapchat and Instagram.
Using AI in your romantic relationships
AI is making its way into people's love lives - some say it has helped to improve their conversations while others have used it to end a relationship. Dr. Sue Varma discusses how to use AI properly, set boundaries and identify warning signs of becoming too emotionally dependent.
Science
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Science
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
How a total solar eclipse stopped a war
Columbia University astronomy professor Dr. Janna Levin joins CBS News to discuss Wednesday's total solar eclipse, saying it's a reminder that humans share this Earth together and "we're all part of something larger."
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Crime
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Security video helps lead to a masked killer who tried to hide the crime
Dr. Steven Milner, a well-respected Oregon veterinarian, was accused of stalking and disguising himself before murdering Kenny Fandrich — the husband of a former employee. Security cameras played a key role in how detectives pieced the case together.
Violent crime down in big cities
Violent crime numbers are down across many major U.S. cities. Ali Bauman is in Newark, New Jersey, which has seen a large drop in homicides.
5 hurt in Virginia State University shooting
Police say multiple suspects were involved in the Virginia State University campus shooting that wounded five on Saturday.
Mozart statuettes snatched in classical caper
To celebrate Mozart's 270th birthday this year, German artist Ottmar Hörl made 320 statuettes of the composer and his dog, Pimperl, placing them around Salzburg, Austria. However, the statuettes have been pilfered.
Italian art heist foiled
Five accused thieves are under arrest after police say they took $10 million worth of art from a private museum in an Italian villa.
Space
More Space
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Murder in the Parking Garage
A masked killer spray paints security cameras to hide his crime. "48 Hours" correspondent Natalie Morales reports.
Watch: Powerful earthquake rocks Indonesia
At least 47 people died Saturday after a powerful 7.7 magnitude earthquake struck eastern Indonesia, with authorities warning the death toll is likely to rise. Videos captured the devastating shocks and aftermath.
New hope in California eagles' nest
A beloved Southern California eagle's passing broke the hearts of fans who had been watching her through a camera for over a decade. But new images inspire hope. Joy Benedict has the story.
Interview with ousted Ukrainian war minister
Aidan Stretch sits down with ousted Ukrainian Minister of Defense Mykhailo Fedorov to get his take on the war with Russia as protests continue over his dismissal.
Violent crime down in big cities
Violent crime numbers are down across many major U.S. cities. Ali Bauman is in Newark, New Jersey, which has seen a large drop in homicides.