Key inflation gauge at highest level since 2023
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Josh Schafer, Barron's Investor Circle Newsletter editor, joins with analysis.
Money
Lawmakers on Trump rebuking housing bill
President Trump canceled the signing ceremony for a bipartisan housing affordability bill and demanded that Congress pass the SAVE Act, a voter identification bill, first. CBS News' Taurean Small reports, and Massachusetts Democratic Rep. Stephen Lynch joins "CBS Morning News" to discuss how the bipartisan housing bill would help Americans.
Trump tells DOJ to probe oil prices
President Trump says he ordered the Justice Department to investigate alleged gas price gouging amid negotiations with Iran. Meanwhile, new details have emerged on Bill Gates' congressional testimony about his links to Jeffrey Epstein. CBS News' Nikole Killion and Caitlin Huey-Burns report.
Tech stocks plummet amid AI bubble worries
Investors are recoiling from tech stocks again over doubts that AI spending will pay off in the long run. Yahoo Finance's Brooke DiPalma explains the current state of the global stock market.
Tech stocks tumble over AI cost concerns
A massive tech stock sell-off dragged down the S&P 500 and Nasdaq on Tuesday. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Markets see mass tech sell-offs
Some investors may have cold feet about tech stocks, especially amid global economic uncertainty and questions about artificial intelligence. Axios reporter Emily Peck weighs in.
Commute times and distances are rising
Average commute times and distances for the American worker are rising, now reaching lengths not seen since before the pandemic, new data shows. Business Insider senior labor and inequality reporter Juliana Kaplan explains.
Americans concerned about costs of Iran war
With gas prices still higher than last year and inflation stretching household budgets thin, many Americans are facing high financial stress. A recent CBS News poll shows that most Americans think the Iran war is not worth its cost. Political strategists Harrison Fields and Jonae Wartel discuss.
Mid-year money moves to make
CBS News business analyst Jill Schlesinger joins "CBS Mornings" with financial tips that will help you save money - from cutting bills and streaming services to savings accounts.
Where to find the best summer deals
Big retailers are offering deep discounts this week, including Amazon with its Prime Day event. Kelly O'Grady breaks down where to find the best summer deals.
Tips for parents supporting adult children
CBS News business analyst Jill Schlesinger joins "CBS Saturday Morning" to offer tips for parents who financially support their adult children.
"The Coffee Can Investor" investment strategy
"The Coffee Can Investor: A Stock-Picker's Journey to Build Generational Wealth" by former CBS News president Neeraj Khemlani, offers key advice for families and other long-term investors. CBS News' Jessica Moore has more.
Oil prices drop for first time in months
Gas prices have dropped in reaction to President Trump signing a memorandum of understanding with Iran -- but they're still a dollar higher than they were before the war, according to AAA data. CBS News business analyst Jill Schlesinger explains how markets are reacting to global relations.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings 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.
More Americans are worrying about retirement
Working and retired Americans are much less confident in their financial ability to maintain a comfortable retirement compared to a year ago, according to a new survey from the Employee Benefit Research Institute. CBS News business analyst Jill Schlesinger has more context.
Warsh on reasons for interest rate decision
Federal Reserve Chair Kevin Warsh announced no change to interest rates at his first meeting. This comes as uncertainty remains on the Iran war, which has economically slammed the U.S. and other nations. Business Insider's Akin Oyedele has more.
When will gas return to pre-Iran war prices?
Oil prices are falling as the end of the war with Iran seems in sight. Arjun Murti, partner at the energy firm Veriten and the author of the Substack newsletter "Super-Spiked," joins to break down when you can expect the pain at the pump to ease.
Warsh announces plan to reshape Federal Reserve
The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
Trump: U.S. would be better off without USMCA
Speaking to reporters in Paris, France, on Wednesday, President Trump criticized the United States-Mexico-Canada Agreement, saying he would "rather not have" it. Mr. Trump signed the trade deal during his first term.
Fed expected to keep interest rates steady
Investors expect the Federal Reserve to keep its current interest rate steady on Wednesday as new chair Kevin Warsh helms his first meeting. Barron's reporter Josh Schafer has more on Warsh and the rate decision.
Zillow: 242 cities have $1 million starter homes
The dream of home ownership is becoming more elusive for some first-time buyers. Zillow found that a record 242 cities have starter homes valued at $1 million or more. Orphe Divounguy, senior economist at Zillow, joins "The Takeout" to discuss.
Starter home affordability in the U.S.
A record 242 U.S. cities have entry-level homes priced at $1 million or more and just under half of the cities are in California, a new report from Zillow found. CBS News business analyst Jill Schlesinger breaks down housing market prices, mortgage rates and more.
Details emerge on Trump's stock trading
A CBS News investigation found that President Trump made 3,600 stock trades in the first three months of 2026. CBS News' Michael Kaplan has more.
SpaceX stock closes up 19% on Day 1 of trading
SpaceX launched onto Wall Street on Friday with the largest initial public offering in history. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Live
Tanker struck as Iran threatens to abandon talks over Trump's threats
A tanker was struck by a projectile in the Strait of Hormuz as the U.S. and Iran continued exchanging threats with peace talks on hold.
NATO summit in Turkey beginning as Trump pushes for more defense spending
Amid simmering tensions between the U.S. and some NATO allies over Iran and Greenland, President Trump will continue to press other countries to boost defense spending.
Top Democrats call on Platner to drop out as sexual assault allegation emerges
A Maine woman told Politico that Graham Platner entered her home in late 2021 and forced himself on her. Platner denies the allegation.
French President Macron safe after bomb blasts near hotel in Damascus
France's government says President Emmanuel Macron is safe and will continue his visit to Syria after two bombs exploded outside his hotel in Damascus.
Belgium beats U.S. men 4-1, ending the Americans' World Cup run in Seattle
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup Round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
First on CBS
Senate Democrats push Trump-affiliated companies for answers about IRS settlement
Democratic Sens. Elizabeth Warren, Chuck Schumer and Ron Wyden are probing whether companies affiliated with the Trump family are included in a DOJ deal to resolve a lawsuit brought by President Trump.
Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico
Toyota says it's shifting most production of its mid-size Tacoma pick-up truck from Mexico to the United States as part of a $3.6 billion investment in its San Antonio, Texas plant.
Democrats Stevens and El-Sayed face off in primary debate for Michigan Senate
The debate comes days after a third candidate, Mallory McMorrow, suspended her campaign.
Judge says alleged D.C. pipe bomber isn't covered by Trump's Jan. 6 pardons
A judge ruled that that President Trump's pardons of the rioters were "expressly limited" to those who were convicted of their actions on Jan. 6, 2021, and did not apply to Brian Cole Jr.
U.S.
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First on CBS
Senate Democrats push Trump-affiliated companies for answers about IRS settlement
Democratic Sens. Elizabeth Warren, Chuck Schumer and Ron Wyden are probing whether companies affiliated with the Trump family are included in a DOJ deal to resolve a lawsuit brought by President Trump.
NATO summit in Turkey begins as Trump pushes for more defense spending
Amid simmering tensions between the U.S. and some NATO allies over Iran and Greenland, President Trump will continue to press other countries to boost defense spending.
Belgium knocks out U.S. men 4-1, ending the Americans' World Cup run in Seattle
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
Chris Richards on red card controversy, U.S.-Belgium match: "Business as usual"
U.S. Men's National Team defender Chris Richards spoke with "CBS Evening News" anchor Tony Dokoupil in an interview ahead of the knockout match against Belgium.
Judge says alleged D.C. pipe bomber isn't covered by Trump's Jan. 6 pardons
A judge ruled that that President Trump's pardons of the rioters were "expressly limited" to those who were convicted of their actions on Jan. 6, 2021, and did not apply to Brian Cole Jr.
MoneyWatch
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Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico
Toyota says it's shifting most production of its mid-size Tacoma pickup truck from Mexico to the United States as part of a $3.6 billion investment in its San Antonio, Texas, plant.
AI actor Tilly Norwood set to star in first feature film
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
Microsoft to cut more than 3,000 jobs from ailing Xbox unit
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
EasyJet agrees to $6.7 billion takeover by U.S. private equity firm
U.K. budget airline has struck a deal to be acquired after rejecting four previous offers by the American investment firm.
More than 100,000 fireworks recalled ahead of July 4
Federal safety regulators are urging consumers to stop using the recalled fireworks and return them for a full refund.
Politics
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Democrats Stevens and El-Sayed face off in primary debate for Michigan Senate
The debate comes days after a third candidate, Mallory McMorrow, suspended her campaign.
First on CBS
Senate Democrats push Trump-affiliated companies for answers about IRS settlement
Democratic Sens. Elizabeth Warren, Chuck Schumer and Ron Wyden are probing whether companies affiliated with the Trump family are included in a DOJ deal to resolve a lawsuit brought by President Trump.
NATO summit in Turkey begins as Trump pushes for more defense spending
Amid simmering tensions between the U.S. and some NATO allies over Iran and Greenland, President Trump will continue to press other countries to boost defense spending.
Judge says alleged D.C. pipe bomber isn't covered by Trump's Jan. 6 pardons
A judge ruled that that President Trump's pardons of the rioters were "expressly limited" to those who were convicted of their actions on Jan. 6, 2021, and did not apply to Brian Cole Jr.
Top Democrats call on Platner to drop out as sexual assault allegation emerges
A Maine woman told Politico that Graham Platner entered her home in late 2021 and forced himself on her. Platner denies the allegation.
HealthWatch
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Switching to a cheaper health plan delayed a man's access to vital medicine
A Florida man thought he had carefully planned for a seamless switch between health plans. It was anything but.
"Very unhealthy" pollution levels recorded in D.C. after July 4th fireworks
A "purple" air quality alert was issued for Washington, D.C., and surrounding areas, on Sunday, meaning pollution reached levels considered "very unhealthy."
1 symptom leads to dad's cancer diagnosis: "I was like, 'Wait, what?'"
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
Investigation
What a Brooklyn bodega reveals about the craze for an experimental weight-loss drug
It isn't approved by the FDA, but we found an experimental weight-loss drug called retatrutide for sale at a local convenience store.
World
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Live
Tanker struck as Iran threatens to abandon talks over Trump's threats
A tanker was struck by a projectile in the Strait of Hormuz as the U.S. and Iran continued exchanging threats with peace talks on hold.
French President Macron safe after bomb blasts near hotel in Damascus
France's government says President Emmanuel Macron is safe and will continue his visit to Syria after two bombs exploded outside his hotel in Damascus.
Belgium knocks out U.S. men 4-1, ending the Americans' World Cup run in Seattle
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
Chris Richards on red card controversy, U.S.-Belgium match: "Business as usual"
U.S. Men's National Team defender Chris Richards spoke with "CBS Evening News" anchor Tony Dokoupil in an interview ahead of the knockout match against Belgium.
Kyiv apartment building hit by multiple Russian strikes month apart
Residents of a Kyiv apartment building hit a second time by a Russian strike greeted emergency responders with dark humor, volunteer Kateryna Tereshkova said.
Entertainment
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Entertainment
Details emerge of Swift-Kelce wedding
The highly anticipated wedding between pop superstar Taylor Swift and Kansas City Chiefs Pro Bowler Travis Kelce took place at Madison Square Garden on Friday. Page Six senior reporter Carlos Greer joins with the emerging details.
AI actor Tilly Norwood set to star in first feature film
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
Beyoncé releases first new song in two years
Beyoncé released her first new song in two years, "MORNING DEW (DONK)," on the Fourth of July. Caché McClay, a music reporter for USA Today Network, has more.
Details of Swift, Kelce wedding
After weeks of speculation, Taylor Swift and Travis Kelce officially tied the knot at Madison Square Garden in New York City. Lilia Luciano has more on the venue's transformation, guest list and the couple's vows.
Details on Taylor Swift-Travis Kelce wedding
More details are emerging about the huge Taylor Swift and Travis Kelce wedding that brought together 1,000 people in New York City. CBS News' Lilia Luciano reports.
Technology
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Microsoft to cut more than 3,000 jobs from ailing Xbox unit
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier 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.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Science
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Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
3 futurists predict what America will be like in the centuries ahead
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
NASA strives to save doomed telescope
NASA is in a race against time as the Swift Observatory telescope in orbit sinks closer to Earth. CBS News consultant William Harwood explains the $30 million salvage operation.
Crime
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Mom who said her toddlers died after vaccinations charged with murder
A grand jury indicted Andrea Shaw, who is accused of suffocating her 18-month-old twins, on two counts of first-degree murder.
Charlie Kirk murder suspect in court
Tyler Robinson, the man accused of killing conservative activist Charlie Kirk, was in court Monday for a critical hearing. Carter Evans reports.
Testimony at accused Kirk killer's hearing
A five-day preliminary hearing is underway for the man accused of assassinating conservative activist Charlie Kirk. CBS News' Anna Schecter has the details.
Judge to weigh evidence for trial in Kirk killing
A five-day hearing began Monday for the man accused of assassinating conservative activist Charlie Kirk. CBS News legal contributor Jessica Levinson joins to break down the proceedings.
Man confesses from jail to killing wife, says he will reveal location of body
Delphine Jubillar went missing in southern France in December 2020 at the height of the COVID pandemic and her body was never found.
Space
More Space
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Latest Galleries
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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.
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.
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
Trump heading to NATO summit amid tensions
President Trump will leave for Turkey on Monday night to attend the annual NATO summit. The president is set to meet with allies he has chastised for insufficient support in the war in Iran and defense spending. Leo Shane III, Politico defense reporter, joins CBS News to discuss what to expect.
Charlie Kirk murder suspect in court
Tyler Robinson, the man accused of killing conservative activist Charlie Kirk, was in court Monday for a critical hearing. Carter Evans reports.
Chris Richards on Balogun's reinstatement
USMNT defender Chris Richards speaks with Tony Dokoupil about the controversial decision to lift the suspension against Folarin Balogun and his team's ongoing run through the World Cup.
Politico: Woman claims Platner sexually assaulted her
Maine Democratic Senate candidate Graham Platner is postponing campaign events after a woman he dated told Politico that Platner forced her to have sex against her will. Nikole Killion reports.
Democrats call on Platner to drop Senate bid
Politico reports that a woman Graham Platner dated claims he forced her to have sex against her will. The Maine Democratic Senate nominee denies the allegation. Aaron Zitner, reporter and editor in The Wall Street Journal's Washington bureau, joins with more.