Inflation runs hot for a third straight month, led by by gas and rent
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
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The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
After more than 40 years in business, 99 Cents Only Stores, a discount chain, announced on Thursday that it will close all 371 of its locations and cease operations.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
Higher food prices partly caused the hotter-than-expected inflation report. Getting pinched at the grocery store is souring Americans on the economy.
The Federal Bank of New York says inflation expectations are dropping.
The average Texan spends $286.19 per week on groceries, the report says. That's around $1,200 a month – or almost $15,000 a year.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
"I think this year has been tough."
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Many feel worse off than their parents' generation as income isn't keeping up.
One in five say they're going to open a new credit card to budget for gifts.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.
The Bay Area is the best performing region within the U.S. for middle- and working-class families, according to a new analysis.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
Chipotle attributes plans to bump up menu prices again to "state of the economy," a company spokesperson told Insider.
For many, growing bills are outpacing salaries and wages.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
Here's your Eye on Money.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Some people are cutting certain things from their grocery list, simply because they can't afford it anymore.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
The CDC's Advisory Committee on Immunization Practices will no longer recommend infants receive a hepatitis B vaccination at birth, instead delaying the first dose for two months.
Despite the holes, the firefighters were able to extinguish the fire.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
This weekend, expect warmer temperatures on Saturday with highs near 60 before a cold front moves through into Sunday.
Jahmyr Gibbs and the Detroit Lions have beaten the Dallas Cowboys to stay atop the NFC wild-card race.
The CDC's Advisory Committee on Immunization Practices will no longer recommend infants receive a hepatitis B vaccination at birth, instead delaying the first dose for two months.
Despite the holes, the firefighters were able to extinguish the fire.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
This weekend, expect warmer temperatures on Saturday with highs near 60 before a cold front moves through into Sunday.
Jahmyr Gibbs and the Detroit Lions have beaten the Dallas Cowboys to stay atop the NFC wild-card race.
Nearly every day, hundreds of thousands of Texas students board a school bus.
Outdoor sirens are meant to warn Texans of tornadoes and floods. This summer's deadly flooding in Kerr County exposed how vulnerable many communities are, with sirens broken, outdated or missing.
It took Azellia Thompkins nearly a year to watch the video of her attempted suicide in the Scurry County jail. Now, she's hoping others will watch it.
The average wait for a bed in a maximum-security psychiatric facility in Texas is over eight months.
At a legislative hearing, Lt. Gov. Dan Patrick blasted Judge Rob Kelly for being absent in his county's time of need.
Texas House Democratic Caucus Chair Gene Wu of Houston discusses his reaction to the Supreme Court's ruling upholding the 2025 map so that they can be used for the March primary and next year's midterm elections. He told Jack Fink, "it's beyond disappointing."
Gov. Greg Abbott discusses the redistricting battle an hour before the U.S. Supreme Court announced that they would allow the newly drawn maps to be implemented.
As intrigue grows over whether Texas Democratic Rep. Jasmine Crockett plans to announce a U.S. Senate campaign next week, she confirmed to CBS News she's spoken with would-be opponents.
The decision from the U.S. Supreme Court to allow the new Texas redistricting maps is a big win for Republicans in the state. Texas Republicans stand to gain up to 5 seats with the implementation of these new maps for the March 3rd primary and 2026 midterm elections. Political reporter Jack Fink explains what's next.
The U.S. Supreme Court Justices will keep the 2025 congressional maps in place for next year's all-important midterm elections.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
A group of North Texas women has been working hard to preserve a style of dancing that had its heyday in the early part of the 20th century.
It's called H3N1, and it can not only cause more severe illness in older adults, but it's also proving to be resistant to flu vaccines.
A North Texas man serves the community as a full-time Crowley police officer; however, that young officer is the one who needs help after he received a life-threatening diagnosis over the summer.
The toolkit includes tips for caretakers and applies to anyone with dementia.
Louisiana Surgeon General Ralph Abraham, a critic of government vaccine mandates, has been quietly appointed to one of the CDC's top positions.
Smith and other Main Street businesses complained to Frisco about the impact on business.
Rodeo Dallas, a popular but controversial Deep Ellum nightclub, is getting back in the saddle. In Uptown.
"This is a Texas-sized investment in the future of our great state," Texas Gov. Greg Abbott said in a statement.
American Airlines has announced plans to cut management and support roles, mainly at its headquarters in North Texas.
President Donald Trump's plan to cut record beef prices by importing more meat from Argentina is running into heated opposition from U.S. ranchers.
Jahmyr Gibbs and the Detroit Lions have beaten the Dallas Cowboys to stay atop the NFC wild-card race.
Dallas Cowboys receiver CeeDee Lamb suffered a concussion against the Detroit Lions on Thursday night and was ruled out for the rest of the game.
The Detroit Lions host the Dallas Cowboys in Week 14 of the 2025 NFL season on Thursday.
The Dallas Stars shut out the New Jersey Devils 3-0 on Wednesday night.
The Detroit Lions and Dallas Cowboys are the top two teams in the hunt for an NFC wild card and are still holding on to hopes to compete for division championships.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
The heavy metal band has not only changed lives with their music; they've also changed lives with their philanthropy – from donations to food banks and disaster relief, to their charity, All Within My Hands, which has donated to workforce education and other critical services.
Stoppard was often hailed as the greatest British playwright of his generation.
Jimmy Cliff, who famously sang about the "many rivers" we all must cross, has died after suffering a seizure and pneumonia, his family say.
Donald Glover, who performs under the moniker Childish Gambino, revealed he suffered a stroke last year, which forced him to cancel his tour.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
