In a boost for consumers, U.S. inflation is cooling fast
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
It seems like the cost of just about everything is going up. Here's what New Yorkers think is just "too damn high."
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
CBS News Business Analyst Jill Schlesinger breaks down the latest numbers.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
For the first time in more than 50 years, the city's vacancy rate has dropped to 1.4% So how did we get here, and what's being done about it?
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
CBS News Business Analyst Jill Schlesinger joins us to explain what it means for your wallet.
Consumers often hear a car loses its value once you drive it off the lot, but that may not be the case anymore.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Overall, the numbers show slight progress year-over-year, but holiday shoppers are still feeling the pinch. CBS New York's Jill Schlesinger is here with more.
Many feel worse off than their parents' generation as income isn't keeping up.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
CBS News Business Analyst Jill Schlesinger gives us a sense of where things stand and what's ahead in this so-called last mile.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
CBS News' Business Analyst Jill Schlesinger joins us to explain why economists were wrong when they thought we were heading for a recession.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
CBS News Business Analyst Jill Schlesinger joins us to break down the results.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Inflation has come down dramatically since peaking last summer, so where did things stand in July?
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Josef Martínez scored two second-half goals to help CF Montreal rally for a 2-2 tie with the New York Red Bulls.
Mounsef Bakrar and Talles Magno each scored a second-half goal to help New York City FC rally and play Atlanta United to a 2-2 tie.
The death of Eric Garner in 2014 thrust his mother, Gwen Carr, into a life of activism. Her son's last words – "I can't breathe" – became a flashpoint for issues surrounding social injustice, seen then and still today in protests and demonstrations.
An 89-year-old stand-up comedian is one of the latest victims of random assault in New York City. Another woman randomly punched her in the face as she was walking home from a swim class on July 10.
The death of Eric Garner in 2014 thrust his mother, Gwen Carr, into a life of activism. Her son's last words – "I can't breathe" – became a flashpoint for issues surrounding social injustice, seen then and still today in protests and demonstrations.
An 89-year-old stand-up comedian is one of the latest victims of random assault in New York City. Another woman randomly punched her in the face as she was walking home from a swim class on July 10.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
Mayor Eric Adams is moving ahead with the installation of a controversial weapons detection system in the subways. The first stations could get them in a matter of days.
A lightning strike injured three people in Rockland County Wednesday.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
Severe weather moved through parts of the Tri-State Area amid another heat wave Tuesday, causing widespread damage.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
Extreme heat returned Sunday and it's only going to get hotter over the next few days.
Sen. Bob Menendez is refuting reports that he's planning to resign after he was convicted on federal bribery charges.
Pressure is mounting on convicted felon Bob Menendez to resign from the U.S. Senate, but not everyone thinks he will.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
NJ Transit says the excessive heat is causing equipment issues, and riders should expect delays and cancellations for days.
A meteor soared over the Statue of Liberty in NYC and New Jersey, prompting reports of a loud boom and shaking buildings.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
Officials in Hempstead are warning beach goers about recent shark sightings and rough seas.
Nassau County Executive Bruce Blakeman signed a a controversial transgender athlete ban Monday which passed last month by the Nassau County legislature along party lines.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Ohio Sen. JD Vance delivered a speech on the third night of the Republican National Convention and accepted the party's nomination for vice president.
Sen. Bob Menendez is refuting reports that he's planning to resign after he was convicted on federal bribery charges.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
President Biden said, "I feel good," after the White House announced he had tested positive for COVID-19 and was experiencing mild symptoms.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
Shannen Doherty had been battling cancer since 2015.
Judge Mary Marlowe Sommer dismissed the case with prejudice based on the misconduct of police and prosecutors.
Shelley Duvall worked frequently with director Robert Altman, and appeared in her final film in 2023 after decades away from Hollywood.
Alec Baldwin has pleaded not guilty to involuntary manslaughter in the case, which stems from the 2021 on-set shooting of Halyna Hutchins, the cinematographer for "Rust."
Josef Martínez scored two second-half goals to help CF Montreal rally for a 2-2 tie with the New York Red Bulls.
Mounsef Bakrar and Talles Magno each scored a second-half goal to help New York City FC rally and play Atlanta United to a 2-2 tie.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Fans appeared to breach the security gates at Hard Rock Stadium hours before the Copa America final between Argentina and Colombia.
Michael Toglia hit three of the Rockies' six homrs in an 8-5 win over the Mets on Sunday.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
Yehuda Beinin said his daughter was held in two different homes in Gaza for 54 days.
The New York City Department of Environmental Protection is installing seven miles of porous pavement in Brooklyn.
CBS New York first reported in April that drivers were illegally parking cars in a grassy area alongside a bike lane under the Queensboro Bridge. Since then, community members say they've seen little improvement.
Mayor Eric Adams' rezoning proposal, dubbed "City of Yes," sparked debate at a lengthy public hearing Wednesday.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
CBS New York's Lonnie Quinn has your First Alert Forecast for July 17 at 11 p.m.
CBS New York's partners at Chalkbeat say the New York City Public School system is considering a plan to ban cell phones in schools starting in February.
CBS New York's Maurice DuBois sat down with Gwen Carr, the mother of Eric Garner, to talk about how her son's death in 2014 thrust her into a life of activism.
An 89-year-old stand-up comedian is one of the latest victims of random assault in New York City. She said she was walking home after a morning swim when someone sucker-punched her in the face. CBS New York's Naveen Dhaliwal spoke to the victim.
A New York City Council member is charged with felony assault, accused of biting an NYPD officer during a protest against a new homeless shelter. CBS New York's Ali Bauman spoke to the councilwoman.