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Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Walmart and Target plan to begin offering deals earlier this year to ease sting of soaring inflation on shoppers.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
The Conservative Party, which is still in power under new leadership, had vowed never to re-allow the controversial gas extraction practice unless it was proven safe.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
The $1.6 billion in direct deposits "will provide much needed relief as we head into winter," Governor Mike Dunleavy said.
Value of U.S. dollar has been on a more-than-a-year-long tear that many experts don't see ending anytime soon.
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
Lawsuit claims the retail giant forces sellers to keep their prices high in order to use its platform.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
Gas prices are finally falling, but other expenses like food and rent are still up year over year. Meanwhile, tens of thousands of rail workers could go on strike starting Friday as they battle railroads for fair medical-leave policies which would hurt the supply chain and could drive up prices even more. Ed O'Keefe reports from the White House.
Gas prices have steadily dropped following the summer's national average peak of more than $5 per gallon. But Treasury Secretary Janet Yellen warns prices may rise again come winter. The Washington Post economics correspondent Abha Bhattarai joined CBS News' Tony Dokoupil and Lilia Luciano to discuss.
Borrowing costs for a conventional home loan have more than doubled over the last year.
Tech giant also expected to introduce new watches and AirPods, but high inflation could deter buyers.
As Russia tries to divide Ukraine's EU allies by cutting off the gas, Ukrainian "hostages of this war" face a winter in crumbling homes with no heat.
As the price of goods go up, so does the cost of insuring those goods. Bankrate insurance writer and editor Cate Deventer joins "CBS News Mornings" to discuss.
With just nine weeks to go before the 2022 midterm elections, former President Donald Trump has placed himself at the center of several crucial campaigns. CBS News political director Fin Gomez joined Lana Zak and Vladimir Duthiers to discuss the next tests to Trump's political influence and other factors affecting voters.
With midterm elections just 63 days away, President Biden touted Democrats' recent congressional victories at events in the swing states of Wisconsin and Pennsylvania and continued his attacks on GOP supporters of former President Donald Trump. CBS News chief White House correspondent Nancy Cordes reports and joins Vladimir Duthiers and Lana Zak to discuss the November elections.
It was a busy Labor Day weekend as one-third of the country was estimated to be traveling. The majority of those travelers hit the road as average gas prices dipped from where they were on Memorial Day. Omar Villafranca has more.
Fewer cancellations and lower gas prices are expected for travelers this Labor Day. CBS News correspondent Omar Villafranca reports from Dallas Fort Worth International Airport.
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Moscow says a major pipeline had to be shut for maintenance, but with the Ukraine war raging, Europe is racing to wean itself off Russian gas.
Republicans and Democrats alike have joined the tax-cutting trend during a midterm election year.
Rate of workers quitting fell, and layoffs stayed near record low — showing employers are urgently seeking workers.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Former Fox News host Pete Hegseth was with Vice President-elect JD Vance on Capitol Hill on Thursday.
A truck driver claims Israeli tanks and an Israeli drone watched as the aid convoy he was with was attacked in Gaza. But Israel's military says it is not responsible for protecting the aid.
The suit claims McMahon and others at the WWE were aware of misconduct decades ago and negligent in failing to prevent it.
Incumbent Sen. Bob Casey on Thursday conceded in the U.S. Senate race in Pennsylvania to Dave McCormick.
Sarah McBride, set to be the first transgender member of Congress, talked with CBS News' Scott MacFarlane and commented on the GOP's effort to restrict bathroom use.
An Alabama prisoner convicted of the 1994 murder of a female hitchhiker became the third person executed by nitrogen gas in both the U.S. and Alabama.
Haley said of Kennedy, Trump's pick to be HHS secretary, that he has no background in health care and accused Gabbard, tapped for DNI, of repeating "Russian talking points."
The U.S. Department of Justice filed charges in what could be the nation's first death-resulting criminal case involving a synthetic opioid that is possibly more dangerous than fentanyl.
Former Fox News host Pete Hegseth was with Vice President-elect JD Vance on Capitol Hill on Thursday.
Shohei Ohtani becomes the second player named MVP in both the American and National leagues.
Yankees outfielder Aaron Judge was a unanimous pick to win his second American League Most Valuable Player Award in three seasons on Thursday.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Haley said of Kennedy, Trump's pick to be HHS secretary, that he has no background in health care and accused Gabbard, tapped for DNI, of repeating "Russian talking points."
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Donald Trump's proposed tariffs could raise costs for U.S. consumers, economists say. Here's how much grocery bills could rise.
Warehouse chain follows rival Costco in raising amount its 7.5 million members must pay to shop at BJ's stores.
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
A truck driver claims Israeli tanks and an Israeli drone watched as the aid convoy he was with was attacked in Gaza. But Israel's military says it is not responsible for protecting the aid.
Former Fox News host Pete Hegseth was with Vice President-elect JD Vance on Capitol Hill on Thursday.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Haley said of Kennedy, Trump's pick to be HHS secretary, that he has no background in health care and accused Gabbard, tapped for DNI, of repeating "Russian talking points."
Incumbent Sen. Bob Casey on Thursday conceded in the U.S. Senate race in Pennsylvania to Dave McCormick.
Life expectancy in the United States varies by more than 20 years depending on race and ethnicity and where you live, according to new research.
Kennedy's team is weighing a significant rewrite of the FDA's rules.
A new potential case of bird flu in a California child without known contact with infected animals is raising concerns about a potential pandemic. Dr. Céline Gounder explains what to know.
CBS News medical contributor Dr. Celine Gounder joins "CBS Mornings" to discuss the latest on bird flu as new cases raise alarms among health officials. There have been 53 confirmed human cases across seven states this year. Health officials in California are reporting a possible case in a child who had no known contact with an infected animal.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
A truck driver claims Israeli tanks and an Israeli drone watched as the aid convoy he was with was attacked in Gaza. But Israel's military says it is not responsible for protecting the aid.
Former president Jair Bolsonaro and 36 other people were indicted for allegedly attempting a coup to keep him in office after his defeat in the 2022 elections.
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
The amulet was found during an ongoing excavation project in Hadrianopolis, an ancient city near Karabük, Turkey.
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
Connie Nielsen opens up about returning as Lucilla in "Gladiator II," reuniting with director Ridley Scott and exploring her character's emotional journey.
Singer-songwriter Shelby Lynne opens up about her new album and how her friendships helped save her when she thought her recording career could be over.
Making his feature directorial debut, Malcolm Washington brings August Wilson's Pulitzer-winning play to the screen with help from his father, Denzel Washington and siblings John David and Katia
Ahead of the sequel's release, Connie Nielsen joins "CBS Mornings" to talk about stepping back into the world of Ridley Scott's epic saga and her character's emotional journey.
After overcoming years of personal struggles, Grammy winner Shelby Lynne is back with her first album in years. She tells Anthony Mason why her return to recording came as a surprise, even to her.
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
The Department of Justice on Wednesday filed a motion calling for Google to sell its Chrome search engine, arguing in court documents that "the playing field is not level." The Justice Department is also recommending dissolving any contracts in which Google is the default search engine on devices such as iPhones. Kelly O'Grady explains.
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.
While some are bullish, other experts warn of investment risks as what comes next is impossible to know.
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
The carcass was comparable to the width of a college basketball court and female, according to biologists.
The U.S. Department of Justice filed charges in what could be the nation's first death-resulting criminal case involving a synthetic opioid that is possibly more dangerous than fentanyl.
Cristian Fernando Gutierrez-Ochoa — the son-in-law of Jalisco New Generation cartel leader "El Mencho" — was arrested in Riverside, California, officials said.
The FBI has arrested a Florida man who's accused of plotting to bomb the New York Stock Exchange. CBS News New York reporter Allen Devlin has more.
Colin Gray and his son, Colt Gray, were both indicted in the Sept. 4 shooting that killed two students and two teachers and injured others.
A judge on Wednesday found Jose Ibarra guilty on all 10 counts in the murder of University of Georgia student Laken Riley. Ibarra was sentenced to life in prison without the possibility of parole.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
There's a major effort underway to bring more Black doctors into hospitals and examination rooms nationwide, and that effort is focused on easing the burden of medical school for students at historically Black colleges and universities. Jericka Duncan has more.
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
The American Farm Bureau Federation's annual survey found a difference between 2024 and 2023 Thanksgiving dinner prices. Business Insider senior personal finance reporter Jennifer Streaks discusses the cost changes and how to find meal deals.
Conspiracy theorist Alex Jones filed a lawsuit this week to try to block the sale of his right-wing company Infowars to satirical publisher The Onion. CBS News legal contributor Jessica Levinson breaks it down.
The Pentagon said Russia fired an experimental intermediate range ballistic missile at central Ukraine on Thursday. CBS News foreign correspondent Holly Williams reports.