Why cocoa prices are soaring to record levels
Higher cocoa prices are hitting chocolate lovers' wallets. CBS News reporter Taurean Small explains what's driving the increase, and what chocolate brands are doing to adapt.
Money
Breaking down April inflation numbers
Inflation declined slightly in April after two straight months of increases, the U.S. Bureau of Labor Statistics announced Wednesday. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to unpack the numbers.
How voters view inflation ahead of November
U.S. inflation cooled slightly in April, but President Biden says prices are still too high. CBS News executive director of elections and surveys Anthony Salvanto explains how voters feel about rising prices' impact.
Economic impact of Biden's new China tariffs
The White House announced new tariffs on Chinese imports Tuesday as part of an effort to protect U.S. businesses. William Reinsch, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess the policy changes.
What to know about Biden's new China tariffs
President Biden announced new steps Tuesday to keep China from undercutting U.S. companies. His administration is hiking tariffs on Chinese electric vehicles, semiconductors, batteries, solar cells, steel and aluminum. CBS News chief White House correspondent Nancy Cordes reports.
Why are GameStop shares on the rise again?
The stock for video game retailer GameStop closed up 74% on Monday, harkening back to the buying frenzy in January 2021 fueled by traders on Reddit. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine what could be behind the stock's sudden surge.
Why spending to save may be costing you more
If you buy more items than you need to get a discount, you might be guilty of "spaving" -- or spending more to save money. While retailers' clever marketing ploys convince you you're getting a deal, the practice often leads to overspending. CBS News MoneyWatch reporter Megan Cerullo explains the financial pitfall and how to avoid it.
FTX says it plans to pay back most customers
FTX says most of its customers will receive some of their money back nearly two years after the cryptocurrency exchange collapsed. Yesha Yadav, associate dean of Vanderbilt Law School, joins CBS News to discuss how the payback will work.
New efforts to stop wire transfer scams
Americans are losing millions of dollars every year to scammers who steal money directly from their bank accounts, often through fraudulent wire transfers. U.S. senators are now pressing banks for answers about what they’re doing to stop it.
Hiring rate slows down for white-collar jobs
According to the Labor Department, job growth slowed across the U.S. in April but remained healthy. While the number of jobless claims remains historically low, a Business Insider report is warning of a possible white-collar recession. Aki Ito, chief correspondent at Business Insider, joins CBS News to explain.
Fed keep rates steady: Breaking down decision
The Federal Reserve announced Wednesday it is keeping interest rates steady. The move comes as the central bank continues to deal with inflation. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss.
Fed chair says interest rate hike unlikely
The Federal Reserve announced Wednesday it is leaving interest rates unchanged. Rates are the highest they've been in more than twenty years. CBS News senior business and technology correspondent Jo Ling Kent joins to discuss.
Understanding FAFSA's "grandparent loophole"
Students will not have to answer questions regarding grandparent contributions on the new FAFSA forms for college tuition assistance. Jillian Berman, a deputy enterprise editor at MarketWatch, joins CBS News with more details on the "grandparent loophole."
Tesla announces plan for more affordable cars
Tesla announced it will lay off nearly 2,700 workers at its factory in Austin a week after the company said it would cut more than 10% of its global workforce. The carmaker also said it plans to launch new, more affordable vehicles next year. That news boosted shares more than 10% in after-hours trading Wednesday.
FTC bans noncompete agreements
The Federal Trade Commission officially banned new noncompete agreements Tuesday, giving workers who are considering quitting more options. The U.S. Chamber of Commerce plans to sue in response.
Phone scam leads to deadly encounter
An 81-year-old man is charged with murder after thinking the victim was connected to a scam. William Brock received a threatening call last month from someone demanding money. The scammers also called Loletha Hall, an Uber driver, to pick up a package from Brock’s home. Brock confronted Hall with a gun, believing she was connected to the threats. He is now charged with her murder. Warning: The video in this story is disturbing.
Inflation higher than expected in March
For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.
What does high March inflation mean for Fed?
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
Americans turn to 211 amid economic hardships
The Wall Street Journal reports Americans are turning to social services helpline 211 in economic emergencies. Rachel Wolfe, consumer trends reporter for The Wall Street Journal, joins CBS News to discuss.
Gas, rent and grocery prices keeping inflation up
Inflation rose more than expected for the third straight month. Gas, rent and grocery prices are the major categories keeping inflation stubbornly high. Jo Ling Kent reports.
Inflation hotter than expected in March
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more.
Summer camp costs are soaring due to inflation. Here are tips on how to save
Summer camp sticker shock has some parents looking for ways to cut costs.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
Tax Day is less than 1 week away
Americans still have a few days to file their 2023 taxes. The IRS says more than 90 million tax returns have been received as of March 29. Medora Lee, a personal finance reporter for USA Today, joins CBS News with tips on making the deadline.
State of U.S.-China relations amid Yellen trip
Treasury Secretary Janet Yellen held economic talks with Chinese officials in Beijing over the weekend, calling them "productive, direct and extensive." Scott Kennedy, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess what Yellen's trip to Beijing will mean for the relationship between the world's largest economies.
Live
U.S. sinks 7 Iranian boats as Iran attacks UAE, ships in Strait of Hormuz
Iran launched attacks on the UAE and tankers in the Strait of Hormuz while the U.S. destroyed Iranian boats "that attempted to interfere" with Project Freedom.
Judge "very troubled" by accused correspondents' dinner gunman's treatment in jail
A federal judge on Monday sharply criticized the treatment of accused White House Correspondents' Dinner attacker Cole Allen, at one point apologizing to the defendant for what he saw as overly restrictive and punitive conditions in jail.
2 U.S. Navy destroyers transit Strait of Hormuz after dodging Iranian onslaught
Two U.S. Navy destroyers transited the Strait of Hormuz and entered the Persian Gulf after navigating an Iranian barrage, according to defense officials.
Exclusive
Inside the effort to replace America's Minuteman III nuclear missiles
Hundreds of Minuteman III nuclear missile silos dot the landscape from Colorado up to the Canadian border, but a major transition is underway.
1 missing U.S. soldier in Morocco was trying to save another, officials say
Search and rescue efforts were still underway as of Monday after the two U.S. Army soldiers went missing off Morocco's southern coast over the weekend while off duty during a training exercise.
Blake Lively and Justin Baldoni reach settlement in "It Ends With Us" lawsuit
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
SCOTUS lets redistricting ruling take effect immediately, sparking angry exchange
The Supreme Court on Monday allowed last week's landmark decision striking down Louisiana's congressional map to take effect immediately, drawing a sharp back-and-forth between two justices.
Rudy Giuliani hospitalized in critical condition, spokesperson says
The 81-year-old former New York City mayor has been hospitalized for pneumonia, his spokesperson said.
Exclusive
Elizabeth Smart says she feels liberated after body building competitions
Elizabeth Smart, who survived abduction and sexual abuse as a teenager and went on to become a child safety advocate, recently revealed a pivot into body building.
U.S.
More U.S.
SCOTUS lets redistricting ruling take effect immediately, sparking angry exchange
The Supreme Court on Monday allowed last week's landmark decision striking down Louisiana's congressional map to take effect immediately, drawing a sharp back-and-forth between two justices.
Exclusive
Inside the effort to replace America's Minuteman III nuclear missiles
Hundreds of Minuteman III nuclear missile silos dot the landscape from Colorado up to the Canadian border, but a major transition is underway.
1 missing U.S. soldier in Morocco was trying to save another, officials say
Search and rescue efforts were still underway as of Monday after the two U.S. Army soldiers went missing off Morocco's southern coast over the weekend while off duty during a training exercise.
Judge "very troubled" by accused correspondents' dinner gunman's treatment in jail
A federal judge on Monday sharply criticized the treatment of accused White House Correspondents' Dinner attacker Cole Allen, at one point apologizing to the defendant for what he saw as overly restrictive and punitive conditions in jail.
Blake Lively and Justin Baldoni reach settlement in "It Ends With Us" lawsuit
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
MoneyWatch
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How much does a ticket to the Met Gala cost in 2026?
Tickets for Monday's Metropolitan Museum of Art event in New York City are into the six figures — if you get an invite.
Spirit Airlines says it has refunded most customers after shutdown
Some Spirit Airlines customers with flight tickets could be out of luck after the discount carrier ceased operations.
Trump family's World Liberty Financial sues billionaire for defamation
The lawsuit ramps up a feud between World Liberty Financial and Sun, who last month sued the Trump-backed company for fraud.
GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
9 tribes sue to stop exploratory drilling in Black Hills near sacred site
Nine Native American tribes in South Dakota, North Dakota and Nebraska are suing the federal government in a bid to stop exploratory drilling for graphite near a sacred site in the Black Hills.
Politics
More Politics
SCOTUS lets redistricting ruling take effect immediately, sparking angry exchange
The Supreme Court on Monday allowed last week's landmark decision striking down Louisiana's congressional map to take effect immediately, drawing a sharp back-and-forth between two justices.
2 U.S. Navy destroyers transit Strait of Hormuz after dodging Iranian onslaught
Two U.S. Navy destroyers transited the Strait of Hormuz and entered the Persian Gulf after navigating an Iranian barrage, according to defense officials.
Judge "very troubled" by accused correspondents' dinner gunman's treatment in jail
A federal judge on Monday sharply criticized the treatment of accused White House Correspondents' Dinner attacker Cole Allen, at one point apologizing to the defendant for what he saw as overly restrictive and punitive conditions in jail.
Alito temporarily restores FDA rule allowing abortion pill to be sent by mail
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
Full transcript of "Face the Nation with Margaret Brennan," May 3, 2026
On this "Face the Nation with Margaret Brennan" broadcast, White House Economic Council Director Kevin Hassett and Sen. Raphael Warnock join Margaret Brennan.
HealthWatch
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HealthWatch
Latest on apparent hantavirus cruise outbreak
A suspected outbreak of hantavirus on a cruise ship has killed three people, officials say. Tom Hanson reports.
Alito temporarily restores FDA rule allowing abortion pill to be sent by mail
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
Apparent hantavirus outbreak kills 3 on cruise ship, sickens at least 3 more
A suspected outbreak of the rare hantavirus on a cruise ship in the Atlantic off Africa killed three people and sickened at least three others, health officials say.
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.
World
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2 U.S. Navy destroyers transit Strait of Hormuz after dodging Iranian onslaught
Two U.S. Navy destroyers transited the Strait of Hormuz and entered the Persian Gulf after navigating an Iranian barrage, according to defense officials.
1 missing U.S. soldier in Morocco was trying to save another, officials say
Search and rescue efforts were still underway as of Monday after the two U.S. Army soldiers went missing off Morocco's southern coast over the weekend while off duty during a training exercise.
Russia and Ukraine declare separate ceasefires ahead of WWII anniversary
Russia on Monday declared a unilateral ceasefire with Ukraine between May 8-9, when Moscow marks its annual World War II Victory Day commemorations.
2 dead after driver plows into people in Leipzig, Germany
Police said several were injured in the incident, which happened in the Grimmaische Strasse, a street that leads into central Leipzig's shopping area.
Record cocaine haul seized in Atlantic by Spanish police, union says
Spanish police impounded what is believed to be a national record haul of cocaine from a ship, with the seizure potentially reaching 40 tons, a union said.
Entertainment
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Entertainment
Best 2026 Met Gala looks
Celebrities graced the Met's green and white carpet with their interpretations of this year's dress code, "Fashion is Art," inspired by the exhibit "Costume Art." Here are some of the most unforgettable, showstopping looks of the night.
Celebrities arrive at Met Gala
The Met Gala got underway in New York City Monday night, but it wasn't without controversy. CBS News reporter Jared Ochacher has more.
Justin Baldoni and Blake Lively settle
Justin Baldoni and Blake Lively have reached a settlement in their legal battle over the making of "It Ends With Us." Details of the agreement have not yet been made public.
Controversy at 2026 Met Gala
The 2026 Met Gala is facing controversy over its honorary chairs, Amazon founder Jeff Bezos and his wife, Lauren Sanchez Bezos. Adrianna Diaz reports.
Blake Lively and Justin Baldoni reach settlement in "It Ends With Us" lawsuit
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
Technology
More Technology
GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
Almanac: May 3
"Sunday Morning" looks back at historical events on this date.
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.
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.
Apple's latest earnings beat expectations
Apple's latest earnings report beat Wall Street expectations. CBS News contributor Patrick McGee joins with more.
Science
More Science
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
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.
Crime
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Crime
Gunman shot near Washington Monument
The White House was on lockdown Monday afternoon after the Secret Service shot a gunman just blocks away near the Washington Monument. Nicole Sganga reports.
Cole Allen moved off suicide watch
Cole Allen, the suspected shooter at the White House Correspondents' Dinner, was moved off suicide watch in jail ahead of his appearance in court on Monday. CBS News senior coordinating producer Anna Schecter has more.
Record cocaine haul seized in Atlantic by Spanish police, union says
Spanish police impounded what is believed to be a national record haul of cocaine from a ship, with the seizure potentially reaching 40 tons, a union said.
Claims on shot that hit Secret Service agent
U.S. Attorney for the District of Columbia Jeanine Pirro is claiming that Cole Allen, the suspect linked to a shooting at the White House Correspondents' Dinner, fired a shot that hit a Secret Service agent's vest. CBS News' Katrina Kaufman has more.
Shooting at lake near Oklahoma City leaves at least 18 injured
At least 18 people were at hospitals following a shooting at a party at Arcadia Lake, near Oklahoma City, police say.
Space
More Space
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Best 2026 Met Gala looks
Celebrities graced the Met's green and white carpet with their interpretations of this year's dress code, "Fashion is Art," inspired by the exhibit "Costume Art." Here are some of the most unforgettable, showstopping looks of the night.
Breaking down the U.S. gerrymandering battle
Florida has become the latest state to approve a partisan gerrymandered congressional map. CBS News executive director of elections and surveys Anthony Salvanto has a look at the nationwide congressional redistricting moves.
5/4: The Takeout with Major Garrett
Fallout continues from Spirit Airlines' closure; new details on missing U.S. soldiers in Morocco.
5/4: CBS Evening News
Secret Service shoots gunman near Washington Monument; United flight was only 20 feet above New Jersey Turnpike when landing gear hit truck.
Update on suspect in D.C. press gala shooting
A federal judge on Monday criticized the treatment of accused White House Correspondents' Dinner attacker Cole Allen, at one point apologizing to the defendant for what he saw as overly restrictive and punitive conditions at the D.C. jail where he is being held. CBS News' Jake Rosen reports.