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.
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.
U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
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.
Instead of following traditional college paths, many are exploring alternative routes.
Weather Alert through this evening for severe storms capable of very large hail, damaging winds, and an isolated tornado
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
Dallas-Fort Worth hockey fans are searching for anything and everything related to the Dallas Stars and the Stanley Cup Playoffs.
Weather Alert through this evening for severe storms capable of very large hail, damaging winds, and an isolated tornado
Instead of following traditional college paths, many are exploring alternative routes.
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
Dallas-Fort Worth hockey fans are searching for anything and everything related to the Dallas Stars and the Stanley Cup Playoffs.
Over the past several months, the CBS News Texas I-Team has reported on solar panel horror stories. This time, we set out to find a success story.
"I just jumped up and went woo-hoo!"
A Garland woman was surprised when she received a $97,000 bill for solar panels she doesn't have.
In a statement, Philips said it does not admit any wrongdoing but chose to settle "to end the uncertainty associated with litigation in the U.S."
A scammer a North Texas woman met on Instagram claimed to be a German cardiologist, and for months, the two messaged back and forth, building what she thought was a true relationship.
Stormy Daniels gave defiant testimony Thursday as the defense accused her of fabricating details of the alleged sexual encounter between her and former President Donald Trump.
Greene's move marked a reversal from a day earlier, when the Georgia Republican appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
Stormy Daniels was called to the witness stand to testify at former President Donald Trump's trial in New York on Tuesday.
Tens of thousands of migrants are estimated to be waiting in Mexico, in places like Ciudad Juárez where shelter space is limited and the conditions are sometimes dire.
The start date for former President Trump's classified documents trial was originally scheduled for May 20.
Over the past several months, the CBS News Texas I-Team has reported on solar panel horror stories. This time, we set out to find a success story.
Self-driving 18-wheelers have longtime truckers worried about their livelihood and others concerned that the technology needs more testing to make sure the public is safe.
McDonald's concept restaurant CosMc's has taken its drink-focused menu to Dallas for its second-ever location.
With the country on the cusp of greeting the return of spring, a warm-weather treat is once again available for free for a limited time only.
Kelli and Michael Regan were looking for a new dog. The breeder they found online asked them to pay with gift cards.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Steward Health Care, the struggling hospital group that owns hospitals in Massachusetts, Texas, Florida and other states, announced Monday that it is filing for bankruptcy.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
A North Texas mother partnered with the Texas Health Resources Foundation to provide a potentially life-saving tool to at-risk pregnant and postpartum moms.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Within hours of the vote, the U.S. Chamber of Commerce announced it would sue to block the ban. Dallas employment attorney Rogge Dunn predicts employees will ultimately win this battle.
The closure affects both Dom's locations in Chicago, and all 33 Foxtrot stores in Chicago, Texas, and the Washington D.C. area.
Texas law SB 14 prohibits drug and surgical "gender transition" interventions for minors.
The projects are expected to create at least 17,000 construction jobs and 4,500 manufacturing jobs.
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.
Dallas-Fort Worth hockey fans are searching for anything and everything related to the Dallas Stars and the Stanley Cup Playoffs.
Dallas Trinity FC will play at the Cotton Bowl when the season begins in August.
The Olympic flame arrived in France aboard a 19th century tall ship to kick off a 7,500-mile journey to the Paris Summer Games.
Another professional women's sport is coming to town.
Stars goalie Jake Oettinger stopped 22 shots, ending his six-game streak of allowing two goals or less.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
Traveonna Mays turned herself into the Denton jail Thursday on a charge of injury to a child.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
As May and June mark peak graduation months, a notable shift is occurring among high school graduates this year. Instead of following traditional college paths, many are exploring alternative routes.
Friday is the pick of the week with partly cloudy skies and highs in the lower 80s.
The Severe Thunderstorm Warning with strong winds and baseball-sized hail is in effect until 5:30 p.m.
A Severe Thunderstorm Watch has been issued for eastern North Texas through 11 p.m.
Mavericks fans going to the game in Oklahoma have a unique chance to document their trip. The Mavs created a pop-up photo opp along I-35 heading to Oklahoma City. It looks like a Mavs storefront. The franchise wants you to take a picture there and share it on social media. Someone will win a pair of tickets and Mavs gear for Game 4 on Monday in Dallas.
A storm chaser not only captured a massive tornado touching down in Hawley, Texas on Thursday but ended up rescuing a family of four whose home was destroyed by it.
Dallas artist Roberto Marquez traveled to the Rafah Crossing in Egypt, the U.S. capital and will attend this weekend's statewide protest in Austin.
On Friday, hundreds of thousands of fans gathered outside and all around Globe Life Field in Arlington to celebrate the Texas Rangers historical World Series win!
Babies in the neonatal intensive care unit at several Texas Health hospitals were dressed in creative costumes for Halloween.
Is that the smell of cotton candy, beignets and brisket wafting over Fair Park? It sure is, and we are here for it!