China is edging toward deflation. Here's what that means.
Deflation typically is linked to economic downturns, such as during the Great Depression in the U.S. during the 1930s.
U.S.
He lost his sight — but found a new career
"If you want something in life you have to reach out and grab it and you have to work on it. So, that's basically what I did," Calvin Echevarria said.
U.S. sanctions fugitive dubbed "Anthrax Monkey" and 2 other cartel members
Rafael Guadalupe Felix Nuñez began his career as a hitman and later joined a gang who all adopted "Anthrax" as their last names.
Sixto Rodriguez, subject of "Searching for Sugarman" film, dies at 81
His albums flopped in the United States in the 1970s, but unbeknownst to him, he later became a star in South Africa.
Songwriters' lawsuit over Dua Lipa song moving forward
Two songwriters claim the 2020 hit rips off their 1979 disco song "Wiggle and Giggle All Night (Wiggle)."
3-month-old baby dies after being left alone in car in Houston
Police called the infant's death "avoidable" and are investigating.
Feinstein recovering after hospital visit for "minor fall" at California home
The brief hospital visit follows a lengthy absence from Washington for the 90-year-old U.S. senator earlier this year.
WeWork warns of "substantial doubt" that it can stay in business
WeWork's shares tumbled after it flagged its financial losses and its need for cash, among other factors, as major headwinds.
What to know about the new COVID shots this fall
The CDC recommends a new shot, targeting more a recent variant, for virtually all Americans to reduce the risk of severe illness, hospitalization or death.
A Parkland survivor's plan to guide a "new generation" into politics
Parkland student-turned-activist David Hogg is helping launch an organization aimed at ensuring young people have an "inside game" in U.S. politics.
3 fishermen clinging to buoy off Nantucket rescued by helicopter crew
A Coast Guard command center received an alert from an emergency radio beacon registered to the 55-foot fishing vessel Miss Kara.
Man on a trip to spread his dad's ashes dies in Utah park
"He was the quintessential nature boy who went everywhere and did everything," his sister said. "He was so strong."
Parents' health can spiral as their kids' mental illnesses worsen
"The children are in crisis. But the families are also in crisis," one expert said.
At least 6 killed on Hawaii's Maui island as fires force people to flee
The wind-whipped wildfires even led some to jump into a harbor and the Coast Guard said it rescued 14.
Billy Porter says he has to sell house amid actors' strike
"I was supposed to be in a new movie, and on a new television show starting in September. None of that is happening," Porter shared.
Trump says he saw play that led to red card and asked FIFA president for review
President Trump said he spoke to FIFA president Gianni Infantino after seeing the play and asked for a review.
Live
Trump says U.S. will win war "one way or the other" as Iran holds Khamenei's funeral
The U.S. is "going to win one way or the other," Trump said Monday, as Iran held a colossal public funeral for their slain supreme leader.
Russian missile and drone attack on Ukraine's capital kills at least 22
All the ballistic missiles launched by Russia struck their targets, underscoring Kyiv's need for more U.S. Patriot interceptor missiles, Ukraine officials say.
![National Weather Service in Chanhassen MN., on 4/13/12.] Bruce Bisping/Star Tribune bbisping@startribune.com](https://assets2.cbsnewsstatic.com/hub/i/r/2026/07/06/f946d060-d5dd-4284-b64a-2fb61da76b11/thumbnail/640x360/4ab93e88cf864fe5235f91fbc060511f/gettyimages-2271686852-1.jpg#)
Weather service faces hurricane season with less experienced staff, missing data
The National Weather Service is hiring hundreds of entry-level employees after losing about 15% of its staff to federal cuts last year.
FIFA criticized for lifting U.S. star's red card suspension after Trump phone call
Europe's soccer governing body and prominent commentators have criticized the decision, which allows Folarin Balogun to play against Belgium.
China test-launches ballistic missile from sub in South Pacific, draws protests
China's military test-launched a long-range ballistic missile from one a nuclear-powered submarine in the South Pacific, drawing protest and concern from countries in the region.
5-day preliminary hearing for Charlie Kirk's alleged killer is underway
Prosecutors will present their case this week against Tyler Robinson, the man accused of killing conservative activist Charlie Kirk.
Fighter jets intercept Russian plane near aircraft carrier off Iceland
The Russian Bear-F plane "repeatedly approached" the HMS Prince of Wales aircraft carrier, flying "unnecessarily close" and dropping sonar devices, according to the U.K.'s defense ministry.
National Guard members on patrol in Memphis fatally shoot man, police say
Two Tennessee National Guard members fatally shot a man in Memphis who turned toward them with a gun during a downtown pursuit, authorities said.
U.S.
More U.S.
Trump says he saw play that led to red card and asked FIFA president for review
President Trump said he spoke to FIFA president Gianni Infantino after seeing the play and asked for a review.
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.
2 National Guard members on patrol in Memphis fatally shoot man, police say
Two Tennessee National Guard members fatally shot a man in Memphis who turned toward them with a gun during a downtown pursuit, authorities said.
FIFA criticized for lifting U.S. star's red card suspension after Trump phone call
Europe's soccer governing body and prominent commentators have criticized the decision, which allows Folarin Balogun to play against Belgium.
MoneyWatch
More MoneyWatch
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.
How to save money on air conditioning as electric bills climb
As Americans endure another bout of extreme heat, experts say small thermostat adjustments and other energy-saving steps can help reduce soaring cooling costs.
Here's who won — and lost — under Trump's "big, beautiful bill"
A year after President Trump signed the sweeping tax and spending package, its effects on households, businesses and federal programs are increasingly evident.
Politics
More Politics
Trump says he saw play that led to red card and asked FIFA president for review
President Trump said he spoke to FIFA president Gianni Infantino after seeing the play and asked for a review.
Transcript: Reps. Adriano Espaillat and Carlos Gimenez on "Face the Nation with Margaret Brennan," July 5, 2026
The following is the full transcript of an interview with Reps. Adriano Espaillat, Democrat of New York, and Carlos Gimenez, Republican of Florida, a portion of which aired on "Face the Nation with Margaret Brennan" on July 5, 2026. The interview was taped on July 2, 2026.
Full transcript of "Face the Nation with Margaret Brennan," July 5, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Adriano Espaillat and Carlos Giminez join Ed O'Keefe.
NASA administrator: "We are very much in a space race right now" against China
NASA Administrator Jared Isaacman said the U.S. is "very much in a space race right now" against China, as the two countries vie to land astronauts on the moon and secure a near-permanent presence.
Mallory McMorrow suspends Senate campaign in Michigan
State Sen. Mallory McMorrow announced on Sunday that she is suspending her campaign for Senate, narrowing the Democratic field ahead of the competitive August primary.
HealthWatch
More HealthWatch
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
More World
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.
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.
U.K. fighter jets intercept Russian plane near aircraft carrier off Iceland
The Russian Bear-F plane "repeatedly approached" the HMS Prince of Wales aircraft carrier, flying "unnecessarily close" and dropping sonar devices, according to the U.K.'s defense ministry.
Prince Harry at odds with Buckingham Palace over U.K. stay
Prince's Harry's spokesperson says an offer to stay was "withdrawn at the last moment," which the Palace denies
FIFA criticized for lifting U.S. star's red card suspension after Trump phone call
Europe's soccer governing body and prominent commentators have criticized the decision, which allows Folarin Balogun to play against Belgium.
Entertainment
More Entertainment
Entertainment
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.
Taylor Swift, Travis Kelce wedding recap
PEOPLE editor-in-chief Charlotte Triggs talks about the details emerging regarding Taylor Swift and Travis Kelce's wedding - including what it looked like inside Madison Square Garden and who was invited.
Extended interview: J.K. Simmons
In this web exclusive, the character actor who won an Academy Award for "Whiplash" talks with correspondent Tracy Smith about his roles, the epitomes of real characters.
Technology
More Technology
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
More Science
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
More Crime
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.
Key hearing begins for Tyler Robinson
A key hearing begins Monday for Tyler Robinson, the man accused of killing Charlie Kirk. CBS News' Carter Evans has the latest.
Hearing for man accused of killing Kirk
Prosecutors on Monday aim to convince a judge at a key hearing that they have enough evidence against Tyler Robinson to go to trial and seek the death penalty. Robinson is accused of murdering conservative activist Charlie Kirk, whose widow and parents are expected to be in the courtroom. Carter Evans reports.
2 National Guard members on patrol in Memphis fatally shoot man, police say
Two Tennessee National Guard members fatally shot a man in Memphis who turned toward them with a gun during a downtown pursuit, authorities said.
Jewelry worth millions of dollars stolen from French museum
Burglars stole millions of dollars worth of jewelry from the museum of luxury glassmaker Lalique just months after a stunning gem heist at the Louvre.
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
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Key hearing begins for Tyler Robinson
A key hearing begins Monday for Tyler Robinson, the man accused of killing Charlie Kirk. CBS News' Carter Evans has the latest.
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.
FIFA president reacts to red card controversy
FIFA President Gianni Infantino reacted to the controversy after Folarin Balogun's red-card suspension was lifted, and President Trump confirmed his phone call on the matter in the Oval Office on Monday. CBS News' Olivia Rinaldi has more.
White nationalist group in D.C. during July 4th
A white nationalist group held demonstrations in Washington, D.C., during the weekend's Fourth of July celebrations. CBS News' Nicole Sganga reports.
Breaking down U.S. star's lifted suspension
Roger Bennett, founder and CEO of Men in Blazers, an independent media network that covers soccer, joins "CBS Mornings" to break down the decision to lift Folarin Balogun's red card suspension. The U.S. star is now eligible to play against Belgium on Monday.