Effects roducer price data
New economic data is trickling in and the latest producer price index numbers could signal a potential trend about the state of inflation in the U.S. CBS MoneyWatch correspondent Kelly O'Grady has more.
Interest Rates
Inflation ticks up for first time since March
The consumer price index in October rose 2.6% year-over-year, the Labor Department reported Wednesday, a higher rate than September's 2.4%. The uptick means the Federal Reserve's 2% target rate is further out of reach. Kelly O'Grady reports.
What to know about new inflation data
if a rise in inflation becomes a trend it could affect the Federal Reserve's quest to reach its target rates and keep the economy healthy. CBS News' Kelly O'Grady has more on the new data.
Inflation rises slightly
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
Inflation rises 2.6% in October
U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Analyzing the stock surge after Trump's win
The stock market hit pause Tuesday on its record-setting spike after President-elect Donald Trump's victory, but what comes after the honeymoon? CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to dive into the market surge and the months ahead.
Minneapolis Fed president on another interest rate cut
Neel Kashkari, the president of the Minneapolis Federal Reserve, tells "Face the Nation with Margaret Brennan" that another interest rate cut after the December Fed meeting is "certainly possible" but "we want to have confidence that inflation is going to go all the way back down to our 2% target."
Here's the impact of the Fed's rate cut decision today
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
Fed cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
Senate GOP members fight for leadership role
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
What does Fed rate cut say about the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly O'Grady looks at what impact the decision could have on the economy.
The Federal Reserve lowers interest rates by 0.25 percentage points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Fed considers possible rate cut
As the Fed wraps up its two-day meeting, there's a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins "CBS Mornings Plus" to talk about the potential impact on the economy and what it means for consumers.
What to expect on Fed interest rate decision
On Thursday, the Federal Reserve will announce its latest decision on whether to cut its benchmark interest rate again. CBS News business analyst Jill Schlesinger breaks down what to know.
Dow finishes at record high after Trump win
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
What October's jobs report means for economy
The final jobs report before Election Day shows the number of jobs added to the U.S. economy plummeted in October, with only 12,000 new hires. Despite adding roughly 100,000 fewer jobs than expected, the U.S. unemployment rate held steady at just above 4%. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the numbers.
How the economy is faring before Election Day
CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for Bloomberg News, joins "America Decides" to discuss.
Last CPI report before Election Day
The latest consumer price index report, the last that will be released before Election Day, showed inflation continued to cool in September. CBS News business analyst Jill Schlesinger has more.
Jobs report shows U.S. economy's strength
The September jobs report showed U.S. employers added 254,000 jobs and yearly wage increases outpaced the inflation rate. CBS News senior business and technology correspondent Jo Ling Kent reports on how the report reflects on the U.S. economy. White House economist Jared Bernstein joins CBS News 24/7 to discuss the new numbers.
Here are the credit products already cheaper after the Fed's rate cut
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
Federal Reserve interest rate cut effect
The Federal Reserve's interest rate cut announcement has already affected the prices of some mortgage rates and credit card interest rates. CBS MoneyWatch associate managing editor Aimee Picchi reports.
Why built-to-rent communities are becoming popular
With home prices and interest rates remaining stubbornly high, many people who believe they will never be able to afford a home are turning to built-to-rent communities. Kris Van Cleave explains.
5 key takeaways from the Federal Reserve's jumbo rate cut
The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.
Spotting scams when homebuying, renting
The CBS News Confirmed team investigated housing scams that are impacting Americans nationwide. CBS News national consumer correspondent Ash-har Quraishi has more on avoiding scams when buying or renting a home.
Fed cuts interest rates, what happens now?
The Federal Reserve on Wednesday announced an interest rate cut of 0.5%, bringing rates down from their previous 23-year high. CBS News contributor Javier David has more on what that means for you.
Live
Iran says Strait of Hormuz "completely open" amid Israel-Lebanon ceasefire
Iran says in light of the Israel-Lebanon ceasefire, "passage for all commercial vessels through Strait of Hormuz is declared completely open."
U.S. intelligence detects signs China is weighing giving Iran advance radar systems
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
Maps show more severe storms forecast for central U.S. after tornadoes, flooding
More than 51 million are under the threat of severe weather Friday evening from Texas to Wisconsin, as some are still cleaning up from tornadoes earlier in the week.
Trump to nominate Cameron Hamilton to run FEMA after he was ousted last year
Cameron Hamilton was acting leader of FEMA last year and was ousted after telling Congress that the agency should not be eliminated.
Rep. Luna accuses Sen. Gallego of misconduct, which he denies
GOP Rep. Anna Paulina Luna told CBS News that Democratic Sen. Ruben Gallego was the previously unnamed senator whom she accused of "very disturbing" conduct. Gallego has denied all wrongdoing.
Controversial surveillance program extended by House but only until April 30
The House OK'd a short-term renewal until April 30 of FISA, the controversial surveillance program used by U.S. spy agencies, after Republicans revolted, refusing President Trump's push for a longer extension.
Exclusive
ICE head Todd Lyons planning to leave agency this spring
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
Ford recalls nearly 1.4 million pickup trucks due to gearshift issue
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
Musician d4vd arrested on suspicion of murder in teen's death, LAPD says
Singer and songwriter d4vd has been arrested on suspicion of murder for the death of a 14-year-old whose dismembered body was found last year in a Tesla belonging to the singer.
U.S.
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Trump to nominate Cameron Hamilton to run FEMA after he was ousted last year
Cameron Hamilton was acting leader of FEMA last year and was ousted after telling Congress that the agency should not be eliminated.
Ford recalls nearly 1.4 million pickup trucks due to gearshift issue
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
Maps show more severe storms forecast for Midwest after tornadoes, flooding
More than 51 million people are under the threat of severe weather Friday evening from Texas to Wisconsin, as some are still cleaning up from tornadoes earlier in the week.
Remains found in car ID'd as family who mysteriously vanished in 1958
The Ford station wagon thought to belong to the Martin family was found in 2024 by a diver who had been looking for it for several years.
AI "agents" can do your shopping. Should you let them?
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
MoneyWatch
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Ford recalls nearly 1.4 million pickup trucks due to gearshift issue
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
Airline adding triple-decker bunk beds in economy-class for long-haul flights
Air New Zealand will soon offer four-hour stints in triple-decker bunk beds for long-haul flights. The carrier says they'll be the first lie-flat beds for budget air travelers.
AI "agents" can do your shopping. Should you let them?
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
This is the fastest-growing job for young workers, LinkedIn says
Hint: It involves AI, and a LinkedIn economist says employers are clamoring for people to fill these roles.
NPR gets $113 million in gifts, including $80 million from Connie Ballmer
NPR said the donation from Ballmer, the largest to the public radio network by a living donor, will help offset the loss of federal funding in 2025.
Politics
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Trump to nominate Cameron Hamilton to run FEMA after he was ousted last year
Cameron Hamilton was acting leader of FEMA last year and was ousted after telling Congress that the agency should not be eliminated.
Controversial surveillance program extended by House but only until April 30
The House OK'd a short-term renewal of a controversial surveillance program used by U.S. spy agencies, after Republicans revolted and refused President Trump's push for a longer extension.
Rep. Luna accuses Sen. Gallego of misconduct, which he denies
GOP Rep. Anna Paulina Luna told CBS News that Democratic Sen. Ruben Gallego was the previously unnamed senator whom she accused of "very disturbing" conduct. Gallego has denied all wrongdoing.
Exclusive
ICE head Todd Lyons planning to leave agency this spring
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
U.S. intelligence detects signs China is weighing giving Iran advance radar systems
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
HealthWatch
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HealthWatch
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
RFK Jr. defends proposed 12% health budget cut, measles response in House testimony
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
Trump announces he's nominating Dr. Erica Schwartz for CDC director
CBS News reported Wednesday that Dr. Erica Schwartz was emerging as the president's top pick for the role.
Exclusive
Trump to sign executive order on psychedelic drug used abroad to treat PTSD
Ibogaine is used in Mexico and the Caribbean to treat depression, anxiety, addiction and brain trauma.
As U.S. birth rate falls, Trump officials downplay contraception in Title X program
According to new CDC data, there were 3.6 million U.S. births in 2025, a 1% decline from 2024 and down 23% since 2007. The Trump administration has said it wants to reverse this trend.
World
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Ancient cave, hippo bones found under castle: "Once-in-a-lifetime discovery"
A prehistoric hidden cave and hippo bones found beneath Pembroke Castle could transform understanding of ancient life in Britain, researchers said
Live
Iran says Strait of Hormuz "completely open" amid Israel-Lebanon ceasefire
President Trump has welcomed Iran's announcement that, at least while the Israel-Lebanon ceasefire holds, the Strait of Hormuz is "completely open" to all ships.
U.S. intelligence detects signs China is weighing giving Iran advance radar systems
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
Cuban leader says country will "be ready" for possible U.S. attack
Cuban President Miguel Díaz-Canel says that while Cuba does not want military aggression from the United States, his country is prepared to fight back.
Latest effort to rein in Trump on Iran falls short in House vote
Few Republicans have been willing to distance themselves from the president as the war's end remains uncertain.
Entertainment
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Entertainment
AI version of Val Kilmer to star in new movie
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
Surprise twist in "Survivor 50" elimination
(Warning: Spoilers ahead!) "CBS Mornings" reveals a surprising twist in Wednesday's "Survivor 50" episode that led to a historic trial council ceremony.
More on Live Nation, Ticketmaster ruling
A jury ruled that Live Nation and Ticketmaster operated as an illegal monopoly. Variety's Jem Aswad joins CBS News with more.
Simon Helberg on "The Audacity"
Simon Helberg, known for his role as Howard in "The Big Bang Theory," talks about the new show "The Audacity." Helberg plays a developer who is creating an AI companion. He explains what drew him to the role and discusses the show's messages about humanity and technology.
What happened to influencer Clavicular?
Controversial influencer Clavicular said he is home from the hospital after his livestream abruptly ended on Tuesday night. CBS News' Matt Gutman reports and The Free Press' River Page has more.
Technology
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AI "agents" can do your shopping. Should you let them?
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
AI version of Val Kilmer to star in new movie
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
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.
Key takeaways on Anthropic's new AI model
More concerns are emerging about Anthropic's new Mythos AI model. Matt Shumer, a former AI company founder and CEO, joins CBS News with more details.
How hackers are using AI to breach networks
U.S. officials are warning of Iranian cyberattacks on businesses and consumers. It comes as a new FBI report shows losses from cybercrime reached nearly $21 billion last year. Ash-har Quraishi shows how hackers are using artificial intelligence, and how you can protect yourself.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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Crime
Rep. Luna accuses Sen. Gallego of misconduct
Florida Republican Rep. Anna Paulina Luna joined CBS News on Thursday with allegations of misconduct linked to Arizona Democratic Sen. Ruben Gallego. Politico's Nicholas Wu joins CBS News with more as Gallego denies the accusations.
Police: Politician killed wife, himself
Police in Virginia say the former Lt. Gov. Justin Fairfax died after he shot and killed his wife and then turned the gun on himself. Nicole Sganga reports.
Divorce battle preceded Fairfax murder-suicide
Just after midnight on Thursday, police say former Virginia Lt. Gov. Justin Fairfax killed his wife and then himself in their home. Both of their teenage children were home at the time of the incident. CBS News homeland security correspondent Nicole Sganga reports.
Sharp increase in ICE detention deaths
New JAMA network research data shows a sharp increase in the number of people who died while in ICE detention last year. CBS News' Camilo Montoya-Galvez reports.
ICE agent accused of assault for pulling gun on 2 people on highway, charges say
Gregory Morgan Jr. of Temple Hills, Maryland, was charged Thursday morning with two counts of second-degree assault in the Feb. 5 incident.
Space
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Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
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
Phone photos help solve missing teen case
After a missing teenager is tracked to a remote Iowa farm, photos discovered on an old cellphone reveal important clues. "48 Hours" correspondent Natalie Morales investigates how law enforcement put the pieces together to figure out what happened to Jade Colvin.
Justin Fairfax and his wife found dead
Police say former Virginia Lt. Gov. Justin Fairfax shot and killed his wife, Dr. Cerina Fairfax, inside their Virginia home and then turned the gun on himself on Thursday. Police say Cerina Fairfax recently served her husband with divorce papers. Nicole Sganga reports.
What we know on traffic at Strait of Hormuz
Traffic at the Strait of Hormuz continues to be hindered by Iran and the U.S. blockade of Iranian ports. Ami Daniel, the co-founder and CEO of Windward, joins CBS News with more details.
Rep. Luna accuses Sen. Gallego of misconduct
Republican Rep. Anna Paulina Luna of Florida told CBS News she's urging Senate Majority Leader John Thune to look into what she called "disturbing" allegations involving Democratic Sen. Ruben Gallego of Arizona, including sexual misconduct. Gallego has denied the allegations and a spokesperson for him said in part, "these are right wing conspiracy theories being parroted by a fringe far right member of Congress."
Rep. Luna accuses Sen. Gallego of misconduct
Florida Republican Rep. Anna Paulina Luna joined CBS News on Thursday with allegations of misconduct linked to Arizona Democratic Sen. Ruben Gallego. Politico's Nicholas Wu joins CBS News with more as Gallego denies the accusations.