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Christmas traditions aren't immune to the inflation we've all been feeling this year. PNC Bank did the research and found the items in the classic song "The Twelve Days of Christmas" would cost a little more than $46,000.
It may seem hard to believe, but after the holidays, the presidential campaign season will really heat up -- and CBS News just out with a new poll on how people are feeling about the economy. CBS News pollster Anthony Salvanto joins us to explain the results.
The Farm Bureau says the cost of a Thanksgiving meal is down 4.5 percent from last year, but man Thanksgiving classics have gotten a lot pricier. CBS News’ Jo Ling Kent reports.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
With the youth unemployment rate at a 70-year low, this year's crop of new graduates is likely to have an easier time getting hired.
The government just released the latest report on inflation. CBS News Business Analyst Jill Schlesinger helps break down the report showing a decline for the first time since June 2021.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Experts tell CBS News it's a sign high inflation still has a hold on the economy, despite the Fed's efforts to tame it.
Inflation is heating back up, with the Federal Reserve's inflation gauge rising the highest we've seen in months. Consumer prices continue to rise. Experts tell CBS News it's a sign high inflation still has a hold on the economy, despite the Fed's efforts to tame it. Chicago restaurant owners tell CBS 2's Tara Molina they are getting hit twice.
While inflation overall is improving, the prices for food items like eggs continue to increase at a significant pace.
Consumer prices rose less than expected in November, a sign that inflation is cooling a bit. But costs are still up more than 7% since last year. One of the areas still rising: Food.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
Organizers said a Thanksgiving dinner last year cost as little as $12 to put together, but this year's cost will be closer to $20.
Thanksgiving dinner is going to cost more this year thanks to inflation. Rising food costs, coupled with supply chain issues are really putting the squeeze on local food pantries. CBS 2's Lauren Victory visited a community pantry in Woodridge that's facing staggering numbers.
That includes everything from appetizers to desserts sides and beverages.
Interest rates mostly impact those buying cars and homes, but businesses borrow money too, and pass along the costs to consumers.
The Federal Reserve raised its key interest rate another three-quarters of a percentage point as it battles the hottest inflation in decades. The impact of the move on consumers is wide-ranging.
The 10 most popular candy brands have seen an average price increase of 13% since 2021, according to Datasembly.
"In the minutes from the Fed's September meeting, they articulated something very clearly. They said they are much more concerned about doing too little on interest rates and inflation rather than too much,"
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
The most eyepopping increase: an almost 50% jump on a carton of eggs.
So far this year, the centers have served 2,163 guests. Last year in total, the number was 422.
Ron Gresham is struggling to afford the unit where he keeps awards from working with artists like Earth, Wind & Fire and Boys II Men.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
The Consumer Price Index reports the price of gas skyrocketed nearly 60 percent over the last year – and it's of course far from the only commodity affected.
American Airlines requested a nationwide ground stop, which was later canceled, on the morning of Christmas Eve due to technical problems.
"Any time we lose a trooper hurts, but today is Christmas Eve here on December 24, so it kind of hurts in a particular way," ISP Dir. Brendan Kelly said.
NORAD, the North American Aerospace Command, is tracking Santa on his trip around the world this Christmas, so children and families can see where he is right now.
A few showers are possible early Christmas Day with a chance of patchy drizzle and fog.
Adam Goldin tried for months to get the matter resolved, to no avail. Fortunately, things changed quickly once a TV station got involved.
Martinez's lawyer says he is asking a judge to guarantee that no one can stand in the way of Martinez doing his job while he is still in office.
The report came out Monday morning, just hours after a last-ditch effort by Gaetz to keep it under wraps.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Several City Council members have called the school board's vote to fire Martinez without cause reckless and irresponsible.
Because Martinez was fired without cause, his contract allows him to stay on the job for another six months, and receive 20 weeks of severance pay.
At Yorktown Center in Lombard, just about everyone who spoke with CBS News Chicago on Monday said the act of going out and physically shopping puts them in the Christmas spirit.
Scammers know many of us are waiting for packages this holiday season.
The National Retail Foundation projected roughly 157 million people across the country would shop last-minute and try to wrap up their shopping lists.
The strike was deliberately authorized in the midst of the busy holiday delivery season nationwide for a reason—with the Teamsters Union pushing the company for a contract.
The oysters were sold as Fanny Bay, Buckley Bay, and Royal Miyagi.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
The Wisconsin Department of Health Services announced Wednesday that it had detected presumptive positive human case of H5N1 in Barron County.
The sisters share a special bond of getting a second chance at life, which they both received at the age of 38 years old.
An even larger investment of $500 million is going toward 10 new outpatient facilities throughout the South Side that will add 85,000 health care appointments each year.
Scientists used the NanoGripper to grab particles from the SARS-CoV2 virus that causes COVID-19.
It may seem like a brave choice to launch a company making old-fashioned mechanical watches—when many wear new-fangled electronic alternatives. But the entrepreneurs' mission is bigger than just watchmaking.
At Yorktown Center in Lombard, just about everyone who spoke with CBS News Chicago on Monday said the act of going out and physically shopping puts them in the Christmas spirit.
Sunday night marked the last night in business for Strat's, after 38 years.
The National Retail Foundation projected roughly 157 million people across the country would shop last-minute and try to wrap up their shopping lists.
Baristas at the store at 5964 N. Ridge Ave. in Edgewater have been on strike since Friday calling for higher wages and better staffing.
Taylor also played two nights at Ravinia this past June.
Mindy Kaling and Morris Chestnut announced the nominations for the 82nd annual Golden Globes, with 10 nominees revealed live on CBS News.
The lawsuit alleges the unidentified girl was raped at a Video Music Awards afterparty in 2000.
Social media sleuths noticed that the house next door to the iconic "Home Alone" house in Winnetka is now up for sale.
Here are the top songs, artists, and albums streamed on Spotify in Chicago this year, according to communications agency Burson Global.
Illinois State Police said Trooper Clay Carns, 35, was outside his squad car removing debris from a lane on I-55, north of Blodgett Road when he was hit by a passing car.
Enjoy some holiday magic from Larsen’s Light Show in Pingree Grove
Meteorologist Laura Bannon has the forecast.
Chief Meteorologist Albert Ramon has your 10 p.m. First Alert Weather forecast for Monday, Dec. 23, 2024.
Adam Goldin tried for months to get a matter resolved involving his application to a VA health benefits benefits, to no avail. Fortunately, things changed quickly once a TV station got involved. Marie Saavedra reports.
"Any time we lose a trooper hurts, but today is Christmas Eve here on December 24, so it kind of hurts in a particular way," ISP Dir. Brendan Kelly said.
Adam Goldin tried for months to get the matter resolved, to no avail. Fortunately, things changed quickly once a TV station got involved.
This 1984 special, "A Merry Olde Christmas," was nominated for an Emmy Award. This year, we're celebrating its 40th anniversary.
American Airlines requested a nationwide ground stop, which was later canceled, on the morning of Christmas Eve due to technical problems.
NORAD, the North American Aerospace Command, is tracking Santa on his trip around the world this Christmas, so children and families can see where he is right now.
"San Antonio has really led the way in using aerial surveillance technology to prevent these activities," said Ald. Brian Hopkins (2nd), who chairs the City Council Public Safety Committee.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Survivors, advocates and experts have weighed in on Mayor Brandon Johnson's pledge to create a task force to study the safety of Black women in Chicago.
The Chicago-based company is accused of tricking diners about delivery fees, misleading drivers about pay, and listing restaurants on its platform without permission.
Now-retired Joliet police Sgt. Javier Esqueda was charged in connection with leaking squad car video of a man who died in Joliet police custody.
Jason Dickinson scored for the 'Hawks with 33 seconds left, but the Blackhawks were unable to come up with the tying goal.
Nikola Vucevic had 17 points and 12 rebounds for the Bulls.
Jalen Quinn led the way for the Ramblers (9-3) with 17 points and two steals.
George Dimopoulos, who played quarterback in high school, also converted the two-point conversion when he passed it to quarterback Josh Holst for his second completion of the season.
Illinois held the lead for nearly 30 minutes of game time, but a late rally by Missouri took the game down to the wire.
Jason Samhan claims the same pair is stealing from several other homes in Oak Lawn.
The medics were not armed, and they did not know if the robber had a gun. Nevertheless, they managed to flip the script with their bare hands.
Shots were fired from inside a Nissan Altima.
Luigi Mangione pleaded not guilty Monday to state charges in the murder of UnitedHealthcare CEO Brian Thompson.
In each incident, the burglars crashed a dark sedan into businesses and destroyed the front window or glass door.
