Surging U.S. gas prices could erase bigger tax refunds, analysis finds
Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in global oil prices.
Consumer News
The Iran war is making it harder for Fed officials to cut interest rates
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Costco recalls meatloaf meal due to salmonella risk
Costco is recalling a meatloaf and potato meal kit because one of its ingredients may be contaminated with salmonella.
Hyundai stops sales of some 2026 models after a child's death
Hyundai's announcement came after a child died in an incident involving a Palisade vehicle, which the car maker said is still under investigation.
Toyota recalls 550,000 Highlander SUVs because seats may fail to lock
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Supreme Court ruling against Trump tariffs will offer relief, businesses say
Businesses could be owed nearly $150 billion in refunds after the Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.
The latest GDP data isn't as bad as it looks. Here's what to know.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Judge: Lawsuit against Buffalo Wild Wings has "no meat on its bones"
A federal judge dismissed a lawsuit filed by an Illinois man who alleged that Buffalo Wild Wings' use of the term "boneless wings" was deceptive.
Americans paid nearly 90% of Trump tariffs in 2025, NY Fed report says
White House advisor Kevin Hassett slammed the New York Fed report, which found that Americans, not foreign exporters, bear most tariff costs.
Bayer proposes $7.2 billion settlement to resolve weedkiller cases
Germany's Bayer has faced thousands of lawsuits after buying Roundup maker Monsanto in 2018 for $63 billion.
Can TrumpRx help you save money on drugs? Here's what experts say.
The Trump administration's new discounted drug platform, TrumpRx, isn't a game-changer for consumers, health care experts said.
Trump admin moves to end "universally hated" start/stop feature for cars
The EPA said it will end credits for the start/stop feature, which shuts off gas engines when cars are idle to save fuel.
Why importing more beef from Argentina won't ease costs for U.S. consumers
Taming runaway U.S. beef prices will require more than stepping up imports, economists said. Here's the key to cutting costs.
White House launches TrumpRx discounted drug site
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Trump officials predict a 2026 economic boom. Here's what experts say.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Ford recalls some 119,000 vehicles due to engine block heater fire risk, NHTSA says
Ford is recalling roughly 119,000 vehicles because their engine block heaters have a defect that increases the risk of fire, the National Highway Traffic Safety Administration says.
Weight loss drugs could save airlines money on fuel as Americans shed pounds
As obesity rates among Americans drop and weight loss drugs lead to a slimmer society, airlines could save on fuel costs, according to a recent analysis.
Recall of Frigidaire minifridges sold at major retailers nears 1 million
Curtis International is recalling an additional 330,000 Frigidaire-brand minifridges to an existing recall after reports of the product catching fire.
USPS says your mail might no longer receive a same-day postmark
A change at the U.S. Postal Service could pose an issue for people who need to get bills, taxes and other mail postmarked by specific dates.
American Airlines stops offering miles for basic economy fares
Members of the carrier's AAdvantage loyalty program no longer earn miles or status points when purchasing a basic ticket.
Ex-consumer officials warn of safety risks
Following the death of her daughter, a mother turned her grief into action to help make button batteries harder for kids to access - but the law that passed didn't apply to toys. She tried to get the Consumer Product Safety Commission to apply the standard to toys, but the effort stalled over the summer. The agency has lost key leadership and staff, and now two former CPSC commissioners are issuing warnings to consumers.
Shredded cheese sold at Walmart and other stores recalled due to metal
The FDA said more than 1 million bags of shredded cheese sold at major retailers are being recalled because they may contain metal fragments.
Trump announcing federal fuel standard changes
President Trump is announcing changes to federal fuel standards on Wednesday. CBS News' Ed O'Keefe has the latest on that and other big news coming out of the White House.
Shopping strategies for holiday season
While promotions like Cyber Monday are often a way to save money on big-ticket items, there are some other ways to get even more bang for your buck this holiday season through "price matching" or "price protection." Kaitlin Mahar, staff writer at The New York Times' Wirecutter, explains.
Live
Iran war's "core strategic objectives are nearing completion," Trump says
Trump says he expects the U.S. war with Iran to end within several weeks despite unrelenting attacks from both sides and Iran's iron grip on the Strait of Hormuz.
Live
Artemis II launches into orbit as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back. Follow live updates.
Trump says Iran war will wrap up "very shortly," but warns of more strikes in coming weeks
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Supreme Court casts doubt on Trump's order to end birthright citizenship
The Supreme Court on Wednesday appeared open to invalidating President Trump's executive order that would end birthright citizenship.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
Federal government appealing order releasing 5-year-old from immigration custody
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
A COVID variant called "Cicada" is spreading. Here's what to know.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
DNC and top Democratic leaders sue Trump over mail-in voting executive order
A coalition of major Democratic groups sued the Trump administration, seeking to strike down an executive order that would exert more federal influence over mail-in voting — including by creating lists of citizens who are eligible to vote.
Exclusive
DHS scraps Noem policy requiring secretary's review of all contracts above $100K
The Noem policy meant the secretary was required to personally sign off on thousands of DHS contracts.
U.S.
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Americans say this is their "magic number" to retire comfortably
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
Ted Bundy's DNA linked to death of Utah teen in 1974, sheriff's office says
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Trump says Iran war will wrap up "very shortly," but warns of more strikes in coming weeks
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
MoneyWatch
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Americans say this is their "magic number" to retire comfortably
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Elon Musk's SpaceX files confidential initial public offering
The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.
Will the Iran war slow U.S. hiring? Economists say risks are rising.
With oil prices rising and hiring already slowing, economists warn the Iran war could further weigh on U.S. job growth.
Hershey says it will shift back to classic Reese's recipe after backlash
Hershey said Wednesday it will use classic recipes for all Reese's products starting next year, after getting criticism for changing the popular treats.
Politics
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DNC and top Democratic leaders sue Trump over mail-in voting executive order
A coalition of major Democratic groups sued the Trump administration, seeking to strike down an executive order that would exert more federal influence over mail-in voting — including by creating lists of citizens who are eligible to vote.
Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
Federal government appealing order releasing 5-year-old from immigration custody
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
State Department overhauls Foreign Service Officer Test
The State Department announced Wednesday that it is modifying the Foreign Service Officer Test to reflect the foreign policy goals of the Trump administration.
Trump says Iran war will wrap up "very shortly," but warns of more strikes in coming weeks
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
HealthWatch
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HealthWatch
FDA approves Eli Lilly weight loss pill
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
A COVID variant called "Cicada" is spreading. Here's what to know.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
State health plan for foster kids threatened 8-year-old's cancer care
North Carolina and other states have insurance plans for kids in foster care, but many doctors did not accept patients on the plans, leaving kids' guardians scrambling to find health care providers.
States pay contractors millions to comply with Trump law to cut Medicaid rolls
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
World
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Magnitude 7.4 earthquake in Indonesia's Molucca Sea sets off small tsunami
Indonesia, a vast archipelago of more than 280 million people, sits on major seismic faults and is frequently hit by earthquakes.
Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
Trump says Iran war will wrap up "very shortly," but warns of more strikes in coming weeks
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Activist ship's collision with krill trawler called "deliberate attack"
A video shows the moment when the M/V Bandero, operated by the Captain Paul Watson Foundation, steams toward the stern of the fishing vessel.
Exclusive
U.S. commandos in Ecuador for mission targeting alleged narco-terrorists
American commandos joined Ecuadorian troops in a joint mission aimed at dismantling a suspected criminal hub along the country's coast.
Entertainment
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Entertainment
Kenan Thompson on new children's book
Actor and comedian Kenan Thompson joins "CBS Mornings" to discuss his new children's book, "Unfunny Bunny."
Crew that flew Apache helicopters near Kid Rock's house suspended
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Taylor Swift sued for trademark infringement
Taylor Swift is being sued by Las Vegas performer Maren Wade who has accused the superstar of trademark infringement over her latest album, "The Life of a Showgirl." Wade is the creator of the "Confessions of a Showgirl" podcast, which started as a column in 2014.
Sharon Stone talks new season of "Euphoria"
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
Taylor Swift sued for trademark infringement over "The Life of a Showgirl"
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
Technology
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Technology
New film on risks and rewards of AI
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
Inside Apple's relationship with China
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
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.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Company tries to make flying car of the future
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
Science
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Live
Artemis II launches into orbit as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back.
Snowy owl, cheetah among 40 species granted international protection
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
Everything to know about NASA's Artemis II moon mission
NASA is poised to launch four astronauts on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Arctic sea ice hits lowest winter level as heat records are shattered worldwide
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Crime
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Ted Bundy's DNA linked to death of Utah teen in 1974, sheriff's office says
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
Baby in stroller killed in apparent stray-bullet shooting in Brooklyn
A child was being pushed in a stroller at Moore and Humboldt streets in East Williamsburg on Wednesday when she suffered a gunshot wound to the head, police said.
Kentucky Powerball winner arrested again
James Farthing, who won the $167.3 million Powerball jackpot last April, was arrested for a third time since collecting his grand prize. CBS News' Shanelle Kaul has more.
Son of Hawaii doctor testifies at trial
The son of a Maui doctor testified that his father confessed to him over FaceTime to trying to kill his stepmother, Arielle Konig, on a hike last year. Prosecutors allege Gerhardt Konig tried to push his wife off a cliff, attempted to inject her with a syringe and hit her in the head with a rock.
Luigi Mangione lawyers seek to postpone trial
Lawyers for Luigi Mangione, the man charged with the murder of UnitedHealthcare CEO Brian Thompson, are seeking to postpone his federal murder trial. CBS News' Lilia Luciano reports.
Space
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Live
Artemis II launches into orbit as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back.
How to watch the Artemis II launch
As launch time approaches for NASA's first moonshot in more than half a century, anticipation is building for the Artemis II mission. Here's how to watch today's liftoff.
Smooth countdown continues for Artemis II moon mission
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
Countdown begins for long-awaited Artemis II moon mission
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
These 4 astronauts are making history on flight around the moon
NASA's Artemis II astronauts — three space station veterans and a Canadian rookie — stand out even in an astronaut corps full of super achievers.
Latest Galleries
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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.
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
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Latest CBS News Videos
CBS News studio shakes as Artemis II launches
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Takeaways from Trump's Iran war address
President Trump addressed the nation about the Iran war Wednesday night, saying that the U.S. would complete its mission there "very shortly." CBS News' Ed O'Keefe remarks on the president's remarks and J.D. Simkins, editor-in-chief of the Military Times and Defense News, joins with analysis.
FDA approves Eli Lilly weight loss pill
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
Trump addresses nation on Iran
President Trump addressed the nation Wednesday night about the Iran war. Tony Dokoupil anchored CBS News' special report.
Trump addresses U.S. on Iran war
President Trump sought to assure Americans that the conflict with Iran would be brief compared to other wars in U.S. history and insisted that gas prices would go down quickly. Nancy Cordes reports.