Inflation is hurting your 401(k), too. Here's what to do about it.
While no perfect playbook exists, these areas of the markets could hold up better than others — if not outright win — in a high-inflation world
U.S.
Key inflation gauge hits 6.1%, highest level since 1982
Americans are increasingly pessimistic about the economy, with consumer sentiment falling to its lowest in a decade.
Sailor faces court martial for alleged role in fire that destroyed Navy ship
The fire marked one of the worst noncombat warship disasters in recent memory and the vessel had to be scrapped.
Here's how long it will take to get your tax refund in 2022
The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
James Inhofe, GOP Oklahoma senator, to retire at end of year
The Oklahoman's retirement is set to spark a special election and a likely competitive primary among Republicans.
Kimberly Guilfoyle's meeting with Jan. 6 committee goes awry
Guilfoyle, an adviser to former President Trump, abruptly ended a private conversation she was having with the committee Friday.
Capitol rioter who took Pelosi's podium sentenced to prison
Adam Johnson admitted posing with Pelosi's lectern was a "very stupid idea."
Book excerpt: "Black Ops: The Life of a CIA Shadow Warrior"
A retired undercover operative for U.S. intelligence, Ric Prado writes of finding his purpose defending American ideals against insurgents, terrorists, and traffickers of people, drugs, and illegal weapons.
Stocks up on Wall Street despite Ukraine invasion
Russian tanks vs. Wall Street tickers: Signs of investor optimism seen even as deadly attacks rage in Ukraine.
Biden and Europe sit on this key Russia sanction
President Biden has ruled out removing Russia from the international banking system, but also said it's "always" an option.
Florida "Don't Say Gay" bill is "aggressive attack," LGBTQ advocates say
Florida's House of Representatives passed the bill and Governor Ron DeSantis has also signaled his support of the legislation.
Cruz says Russia is invading Ukraine because of Biden's "enormous" mistakes
CBS News' chief election and campaign correspondent Robert Costa spoke with Senator Ted Cruz in Florida on Thursday.
CDC to significantly ease pandemic mask guidelines Friday
The Biden administration is shifting its focus to preventing serious illness and death from COVID-19, rather than all instances of infection.
Americans are worried about smaller refunds — for good reason
The average refund so far in 2022 is about $2,300, down from last year's typical refund of $2,800.
Biden announces Jackson as his Supreme Court pick
If confirmed, she will be the first Black woman to serve on the highest court.
Zelenskyy says he will meet Trump on Sunday for Ukraine-Russia talks
Ukrainian President Zelenskyy says he and President Trump have agreed to meet in Florida on Sunday, signaling progress in talks to end the Russia-Ukraine war.
Maps show winter storm forecast for ice and snow from Great Lakes to Northeast
Millions of Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
U.S. launches strikes on ISIS targets in Nigeria, Trump says
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
Veterans Affairs Department reimposing near total abortion ban
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
Israel police say 2 killed in car-ramming and stabbing attack by Palestinian
The attack began Friday afternoon in the northern city of Beit Shean, where the Palestinian man crashed his vehicle into people, killing one man and injuring a teenage boy.
Perry Bamonte, guitarist for The Cure, dies after "short illness" at 65
The band announced Perry Bamonte's death on their official website on Friday.
Iran seizes oil tanker smuggling fuel on Strait of Hormuz, Tehran says
Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz carrying some 25,000 barrels of smuggled fuel, state media said.
Here's what is open on the day after Christmas, from retailers to banks
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
15 hurt in stabbing, chemical liquid attack in Japan tire factory
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
U.S.
More U.S.
Two police officers injured, suspect killed during child custody exchange
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
This week on "Sunday Morning" (Dec. 28)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
Veterans Affairs Department reimposing near total abortion ban
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
Maps show winter storm forecast for ice and snow from Great Lakes to Northeast
Millions of Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
MoneyWatch
More MoneyWatch
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
Here's what is open on the day after Christmas, from retailers to banks
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
5 money moves to make in 2026, according to financial experts
As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year.
Is anything open on Christmas Day 2025? See which businesses are operating.
Most major retail stores and grocery chains are closed on Christmas Day, with some exceptions.
NHTSA investigating Tesla Model 3 emergency door handles
Traffic safety regulators are reviewing a motorist's complaints that the manual door handles on some Model 3 cars are hard to find, a potential hazard in a crash.
Politics
More Politics
Veterans Affairs Department reimposing near total abortion ban
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
U.S. launches strikes on ISIS targets in Nigeria, Trump says
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
Kimmel skewers Trump, tells U.K. viewers that "tyranny is booming" in U.S.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Kennedy Center Christmas Eve concert canceled after Trump's name added
A planned Christmas Eve jazz concert at the Kennedy Center has been canceled.
Trump promises to guard against "bad Santa" in Christmas Eve calls with kids
President Trump spent part of Christmas Eve bantering with kids, updating families on NORAD's Santa tracker and reminding one child that the big guy has a "serious appetite."
HealthWatch
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Baby defies all odds after growing outside his mom's womb
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
FDA approves Wegovy pill for weight loss
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
Aetna to cover IVF treatments for same-sex couples in national settlement
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Flu season is ramping up, and some experts are "pretty worried"
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
Finding hope through cancer clinical trials
#LillyPartner Cancer clinical trials can offer patients access to investigational treatments that can be explored as early as the time of diagnosis. Ovarian cancer survivor Alicia Dellario and Dr. Arjun Balar, senior vice president of global clinical development at Eli Lilly and Company, join "CBS Mornings" to talk about the potential benefits of cancer clinical trials -- and clarify common misconceptions. Visit cancerclinicaltrials.lilly.com for more information. (Sponsored by Eli Lilly and Company)
World
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Israel police say 2 killed in car-ramming and stabbing attack by Palestinian
The attack began Friday afternoon in the northern city of Beit Shean, where the Palestinian man crashed his vehicle into people, killing one man and injuring a teenage boy.
8 killed, 18 wounded in mosque bombing in Syria
Images shared by Syria's state-run news agency showed blood on carpets, holes in the walls, shattered windows and fire damage.
Endangered wild cat seen in Thailand for the first time in 30 years
Flat-headed cats are among the world's most threatened wild felines.
Iran seizes oil tanker smuggling fuel on Strait of Hormuz, Tehran says
Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz carrying some 25,000 barrels of smuggled fuel, state media said.
15 hurt in stabbing, chemical liquid attack in Japan tire factory
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
Entertainment
More Entertainment
Perry Bamonte, guitarist for The Cure, dies after "short illness" at 65
The band announced Perry Bamonte's death on their official website on Friday.
Broadway actress Imani Smith stabbed to death in New Jersey, police say
Smith previously played young Nala in "The Lion King" on Broadway.
Former "Big Brother" houseguest Mickey Lee died on Christmas, family says
Mickey Lee, a former "Big Brother" houseguest known for her vibrant personality and bold gameplay, has died, her family announced in a social media post shared Friday.
Kimmel skewers Trump, tells U.K. viewers that "tyranny is booming" in U.S.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
King Charles and royal family, minus Andrew, gather for Christmas
King Charles III led his family to church on foot ahead of his annual Christmas Day speech that is expected to focus on pilgrimage.
Technology
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Technology
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Crime
What's next on the Epstein files release?
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Two police officers injured, suspect killed during child custody exchange
Police were called to a shopping center late Friday morning. Two officers were shot and are in critical condition.
Broadway actress Imani Smith stabbed to death in New Jersey, police say
Smith previously played young Nala in "The Lion King" on Broadway.
15 hurt in stabbing, chemical liquid attack in Japan tire factory
More than a dozen people were injured in a stabbing attack in a factory in central Japan in which a liquid believed to be bleach was also sprayed, authorities said.
Terry Rozier seeks to have charges thrown out in NBA gambling case
His lawyers argued that Rozier's alleged involvement in the wire fraud and money laundering conspiracies is limited.
Space
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Space
NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Latest Galleries
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Notable Deaths in 2025
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
What's next on the Epstein files release?
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Christmas return season begins
Americans have entered the 2025 gift returns era after the Christmas holidays. CBS MoneyWatch correspondent Kelly O'Grady has more.
Catastrophic flooding in California
Catastrophic flooding and mudslides in California have turned deadly. CBS News' Andres Gutierrez reports.
Trump announces strikes in Nigeria
President Trump announced strikes against ISIS targets in Nigeria. Also, Ukrainian President Volodymyr Zelenskyy announced that a potential meeting with Mr. Trump is in the works. CBS News' Olivia Rinaldi reports.
The Yale Whiffenpoofs perform for CBS News
Watch The Yale Whiffenpoofs perform in this CBS News holiday special.