Gas price spike leads to rise in CPI
The Consumer Price Index rose six-tenths of a percentage point in August, largely driven by a spike in gas prices. CBS News contributor Javier David has more on what the number could mean for interest rates.
Federal Reserve
Oil cuts abroad could impact interest rates
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
Jobs report shows jump in unemployment
Unemployment jumped from 3.5% to 3.8% this month, a sign that the job market is cooling. The market also added 187,000 jobs. The Biden administration said this showed more people joining the workforce. Meanwhile, the Federal Reserve is considering another interest hike amid soaring inflation. Christina Ruffini reports.
U.S. job growth cooled in August. Here's how that impacts inflation.
Overheated labor market of the past two years may be over, raising questions about Fed's next move, experts say.
Mortgage rates surge to highest level since 2000
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Why U.S. credit card debt increased
U.S. credit card debt surpassed $1 trillion this week, according to new data from the Federal Reserve Bank of New York. Michelle Lambright Black, the founder of creditwriter.com, explained the factors contributing to the increase in credit card debt among Americans and provided tips on how to pay down the balances.
Producer price index up 0.3% in July
Wholesale prices increased three-tenths of a percent for the month of July, according to a report from the Bureau of Labor Statistics. This comes a day after the consumer price index report showed prices rose by two-tenths of a percent last month. Hope King, senior business reporter for Axios, joined CBS News to talk about what those numbers mean for consumers and the economy.
Is the Fed done raising interest rates?
Officials with the Federal Reserve won't convene again until September after hiking interest rates last month for the 11th time in the past year and a half. Jeanna Smialek, who covers the Fed and the economy for The New York Times, joined CBS News to discuss whether there will be another rate increase.
7/30: Face The Nation
This week on "Face the Nation with Margaret Brennan," new charges of a cover-up were filed against former President Donald Trump in the classified documents case. Plus, some optimistic signs when it comes to the economy.
Minneapolis Fed president on economy
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week.
Optimistic signs about the economy
There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.
Face The Nation: Hutchinson, Kashkari, Nirenberg
Missed the second half of the show? The latest on…former Arkansas Gov. Asa Hutchinson, who is seeking the Republican nomination for president, discussed a proposed mental acuity test for politicians over 75, Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week, and San Antonio Mayor Ron Nirenberg discussed the ongoing heat wave has put much of the Southeastern U.S. under dangerous heat alerts.
What GDP growth means for the U.S. economy
The nation's GDP grew at an annual rate of 2.4% from April to June 2023 -- a faster rate than many economists predicted. Lori Bettinger, president of Bancalliance, joined CBS News to discuss what the new figure means for the state of the economy.
Fed raises benchmark interest rate to 22-year high
In its ongoing effort to tamp down inflation, the Federal Reserve on Wednesday raised its key interest rate a quarter-point to 5.5%, the highest level it has been in 22 years. Carter Evans examines the impact of the Fed's rate hikes.
Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Fed raises interest rates quarter of a point
After briefly pausing its war on inflation last month, the Federal Reserve is resuming the battle by hiking its benchmark interest rate to the highest level in 22 years. Hope King, senior business reporter for Axios, joined CBS News as the Fed announced the rate hike.
What another interest rate hike means
The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill Schlesinger discusses how this hike will affect Americans.
Rate hike likely in effort to curb inflation
The Federal Reserve will wrap up a two-day policy meeting Wednesday, and it will likely raise interest rates again to fight inflation. The Fed's policies appear to be working, as inflation is sharply lower. But not all costs are coming down at the same time. Carter Evans reports.
Fed expected to raise interest rate Wednesday
The Federal Reserve is expected to raise interest rates again Wednesday after pausing more than a year of rate hikes in June. Experts believe the central bank will increase rates by one-quarter of a percentage point as part of its ongoing fight against high inflation. Joe Rennison, markets reporter for The New York Times, joined CBS News to discuss.
11/2: CBS News Mornings
North, South Korea exchange missile tests; Federal Reserve expected to raise interest rates as housing market sees slowdown.
New York Fed: Loan rejection rates rising
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
5/31: CBS News Mornings
Funerals held for Uvalde victims; Federal Reserve looks to tackle inflation.
5/5: CBS News Mornings
Federal Reserve hikes interest rate by 0.5%; Comedian Dave Chappelle attacked on stage
After brief pause, Fed looks poised to raise interest rates again
Although policymakers kept rates steady last month, some Fed officials wanted to keep raising them.
Prices, spending eased in May, data shows
New economic indicators closely watched by the Federal Reserve suggest an expected interest rate hike in July may not be locked in after all. The personal consumption expenditures index shows prices easing slightly for the month of May as consumer spending begins to slow. New York Times business reporter Jordyn Holman joined CBS News with more.
Injured Lindsey Vonn completes final training run ahead of Olympic race
"Just because it seems impossible to you doesn't mean it's not possible," Vonn says.
White House removes Trump post with racist footage of Obamas hours after defending it
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
Authorities tow car from Nancy Guthrie's home, investigate new message
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
Bad Bunny lyrics to know before his Super Bowl halftime show
With Bad Bunny headlining a historic Super Bowl halftime show, we highlight some of his most impactful lyrics in Spanish and English.
Zelenskyy says U.S. gave Ukraine, Russia a deadline for agreement to end war
If the June deadline is not met, the Trump administration will likely put pressure on both sides to meet it, Zelenskyy told reporters.
Exclusive
Lutnick and Epstein were in business together, Epstein files show
Though the commerce secretary has called his interactions with Epstein as "limited," the two were in business together four years after Epstein's 2008 guilty plea.
Purported Nancy Guthrie ransom note demanded bitcoin. Could it be tracked?
Cryptocurrency transactions are often thought to be anonymous and untraceable. That's a misconception, experts tell CBS News.
Hungary's Orbán to attend inaugural meeting of Trump's "Board of Peace"
Hungarian Prime Minister Viktor Orbán attended the launch of the initiative last month in the Swiss ski resort of Davos.
Pentagon says it's cutting ties with "woke" Harvard
The Pentagon says it will cut ties with Harvard University, ending graduate-level military training, fellowship and certificate programs.
U.S.
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California urges avoiding wild mushrooms after deaths, liver transplants
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
Zelenskyy says U.S. gave Ukraine, Russia a deadline for agreement to end war
If the June deadline is not met, the Trump administration will likely put pressure on both sides to meet it, Zelenskyy told reporters.
Pentagon says it's cutting ties with "woke" Harvard
The Pentagon says it will cut ties with Harvard University, ending graduate-level military training, fellowship and certificate programs.
Truck driver spends decades carving a scale model masterpiece of New York City
Beginning in 2004, Joe Macken carved all five boroughs of New York City out of balsa wood, every site and stadium, and every bridge and building. His creation consists of almost 1 million structures.
Heightened security from dozens of local, federal agencies ahead of Super Bowl
More than 35 local, state and federal agencies have been working for the last 18 months to prepare for Super Bowl LX in Santa Clara, California.
MoneyWatch
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Exclusive
Lutnick and Epstein were in business together, Epstein files show
Though the commerce secretary has called his interactions with Epstein as "limited," the two were in business together four years after Epstein's 2008 guilty plea.
Dow crosses 50K for first time as stocks enjoy best day since May 2025
Resurgent technology stocks drove the rebound after a volatile week, while bitcoin also recouped losses.
Purported Nancy Guthrie ransom note demanded bitcoin. Could it be tracked?
Cryptocurrency transactions are often thought to be anonymous and untraceable. That's a misconception, experts tell CBS News.
Prediction markets soar ahead of the Super Bowl
Emboldened by loosened restrictions from federal regulators, prediction markets look to cash in on Super Bowl Sunday.
See the 43 drugs available on new discounted drug site TrumpRx
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
Politics
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Some Team USA athletes speak out about politics at home
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
Zelenskyy says U.S. gave Ukraine, Russia a deadline for agreement to end war
If the June deadline is not met, the Trump administration will likely put pressure on both sides to meet it, Zelenskyy told reporters.
Appeals court endorses Trump policy of denying bond hearings to many ICE detainees
A federal appeals court on Friday endorsed the Trump administration's policy of holding broad groups of immigration detainees without access to bond hearings, a major legal victory for President Trump.
Pentagon says it's cutting ties with "woke" Harvard
The Pentagon says it will cut ties with Harvard University, ending graduate-level military training, fellowship and certificate programs.
Trump says he "didn't see" image depicting Obamas as apes in social media post
President Trump late Friday addressed a video posted to his social media account that included a racist depiction of Barack and Michelle Obama as apes, telling reporters he didn't see the part that showed the former president and first lady.
HealthWatch
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Her deadly diagnosis only had 1 warning sign. Here's how she survived.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
California urges avoiding wild mushrooms after deaths, liver transplants
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
See the 43 drugs available on new discounted drug site TrumpRx
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
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.
Officials warn against drinking raw milk after baby dies from listeria
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
World
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Hungary's Orbán to attend inaugural meeting of Trump's "Board of Peace"
Hungarian Prime Minister Viktor Orbán attended the launch of the initiative last month in the Swiss ski resort of Davos.
Skier Eileen Gu sports a personalized, detail-studded ski suit at Olympics
Gu qualified for the women's slopestyle final wearing an outfit with details inspired by her Chinese heritage and her personal quirks.
Some Team USA athletes speak out about politics at home
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
Swiss skier Franjo von Allmen wins first gold medal of Milano Cortina Games
The second gold medal of the Milano Cortina Games was awarded to Frida Karlsson of Sweden in the women's 10km+10km skiathlon.
Injured Lindsey Vonn completes final training run ahead of Olympic race
"Just because it seems impossible to you doesn't mean it's not possible," Vonn says.
Entertainment
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Entertainment
The Barr Brothers perform "Another Tangerine"
Montreal-based brothers Andrew and Brad Barr released their debut album in 2010 and have won some of Canada's top music awards for their indie sound. Performing from their first album in eight years, "Let it Hiss," here's The Barr Brothers performing "Another Tangerine."
The Barr Brothers perform "Naturally"
Montreal-based brothers Andrew and Brad Barr released their debut album in 2010 and have won some of Canada's top music awards for their indie sound. Performing from their first album in eight years, "Let it Hiss," here's The Barr Brothers performing "Naturally."
The Barr Brothers perform "Run Right Into It"
Montreal-based brothers Andrew and Brad Barr released their debut album in 2010 and have won some of Canada's top music awards for their indie sound. Performing from their first album in eight years, "Let it Hiss," here's The Barr Brothers performing "Run Right Into It."
Skier Eileen Gu sports a personalized, detail-studded ski suit at Olympics
Gu qualified for the women's slopestyle final wearing an outfit with details inspired by her Chinese heritage and her personal quirks.
Bad Bunny lyrics to know before his Super Bowl halftime show
With Bad Bunny headlining a historic Super Bowl halftime show, we highlight some of his most impactful lyrics in Spanish and English.
Technology
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Super Bowl fans warned to leave drones at home amid flight ban
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Ukrainian military drone simulator adapted for video gamers in world first
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
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.
How will AI transform the workforce?
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Tesla, Waymo leaders defend product safety
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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Crime
Latest in Nancy Guthrie disappearance
Authorities said Friday they were inspecting an apparent new message relating to the disappearance of "Today" host Savannah Guthrie's mom, Nancy, after the family reported her missing from her home on Sunday.
Luigi Mangione has outburst after hearing
Luigi Mangione had an outburst after a hearing on Friday in which the judge announced that his New York State trial will begin on June 8. CBS News legal reporter Katrina Kaufman is following the case.
Authorities tow car from Nancy Guthrie's home, investigate new message
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
Investigators vetting Guthrie ransom note
Friday marked six days since Nancy Guthrie's apparent abduction, and Guthrie's three children have been posting on social media hoping to reach whoever may have taken her. CBS News' Andres Gutierrez reports and former FBI counterintelligence operative Eric O'Neill has more.
Mangione claims double jeopardy
Luigi Mangione had an outburst in a New York courtroom on Friday after a judge scheduled his state trial to begin before his federal case. The UnitedHealthCare CEO murder suspect claimed "this is the same trial twice" and called it "double jeopardy." CBS News' Katrina Kaufman has more.
Space
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Space
What led NASA to delay Artemis II launch
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delays Artemis II launch
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
NASA begins mission to map the boundaries of our heliosphere
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA moon launch off until March due to issues during tests
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
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
Key storylines of Super Bowl LX
The Seattle Seahawks are set to face off against the New England Patriots on Sunday in Super Bowl LX, and "CBS Saturday Morning" goes inside key storylines to be aware of ahead of the big game.
Setting the scene at Winter Games
"CBS Saturday Morning" explores Northern Italy and breaks down the multiple locations of the Milano Cortina Winter Olympics.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Tips for raising your credit score
"CBS Saturday Morning" dives into ways people can raise and maintain their credit score.
White House takes down racist post
President Trump is blaming a staffer for the now-removed social media post that included a racist video of former President Barack Obama and former first lady Michelle Obama depicted as apes. Mr. Trump told reporters he is "the least racist president you've had in a long time."