Watch CBS News
New data shows inflation continuing to cool in July, but sticking right below 3% as housing costs and rental prices continue to affect monthly budgets. CBS News senior business and technology correspondent Jo Ling Kent reports.
There are plenty of considerations for those interested in making the investment, according to industry experts.
The U.S. economy grew more than expected in the second quarter of 2024, according to the latest gross domestic product data. Jeanna Smialek, a Federal Reserve and U.S. economy reporter with The New York Times, joins CBS News with more.
There are some indications that prices are falling in some parts of the U.S. economy. This comes after the Federal Reserve's announcement to hold interest rates steady for now. CBS News contributor Javier E. David looks at some key economic indicators as inflation slows slightly.
The Federal Reserve is meeting again to determine if interest rates should remain steady or be altered. The latest data by the Department of Labor shows inflation cooled slightly in May but some consumer prices, including for shelter and food, continued to rise. CBS News' Jo Ling Kent has more.
Drop in summer fuel prices may indicate Americans are traveling less than they used to, says one expert.
Helicopter crashes on roof of NYC building; Gas prices on the decline
BJ's Wholesale Club normally costs $55 per year, but new members can get their first year free (after reward).
The escalating conflict in the Middle East could continue to impact oil prices that have already spiked since Hamas' Oct. 7 attacks in Israel. CBS News business analyst Jill Schlesinger looks at the state of the global economy.
The cost of filling up is rising ahead of the summer driving season, as peak demand and geopolitical issues converge.
Consumer prices rose 0.4% from January to February, indicating inflation continues to be a hurdle in the U.S. economy. Gas and home prices contributed to the increase. CBS News' Jo Ling Kent breaks down the figures.
Several OPEC+ countries will reduce oil production by a combined 2.2 million barrels per day through June. Jeff Colgan, director of the Climate Solutions Lab at Brown University, joins CBS News to discuss how the decreased output could affect the U.S.
Despite high gas prices, a record 42 million travelers are expected to drive this Fourth of July. CBS News transportation correspondent Errol Barnett has more.
Americans are not the only ones feeling the pinch at the gas pump; around the world drivers are paying more for fuel. Charlie D'Agata spoke to some of London's infamous black cabbies who tell us this is the worst they've ever known fuel prices to be, with one even saying the price to fill up has gotten so bad that he's decided to retire.
As prices at the pump soar, so do reports of gas theft nationwide. Not only are thieves stealing thousands of gallons from gas stations by bypassing credit card readers, but they're targeting parked cars too, drilling through fuel tanks and leaving victims with costly repairs. Kris Van Cleave has more.
AAA says the national gas price average is $3.09/gallon with over half the states in the country reporting averages below $3. Robert Sinclair Jr., senior manager of public affairs for AAA Northeast, joined CBS News to discuss the price at the pump.
AAA says the national average price for a gallon of gas is about $3.10, with nearly 30 states seeing average costs at the pump below $3. Californians still aren't getting much relief though. Patrick De Haan, head of petroleum analysis for GasBuddy, joined CBS News to discuss why gas prices are dropping.
Gas prices hit an average of $3.27 a gallon this Thanksgiving, marking the cheapest prices since the pandemic despite an uptick in holiday travel.
The Labor Department says the rate of inflation — which measures how much prices are rising — fell to 3.2% in October. Frances Stacey, director of strategy at Optimal Capital, joins CBS News to discuss what this means for your wallet and the country's financial outlook.
Gas prices are now below $3 a gallon in eight states, and drivers in other parts of the country could also see cheaper fuel costs.
There are growing concerns that the outbreak of war in the Middle East could tip the world economy into a recession. If Israel is brought into direct conflict with Iran, Bloomberg Economics estimates oil prices could soar to $150 per barrel. Sultan Meghji, former chief innovation officer for the FDIC, joined CBS News to discuss the potential economic fallout of the war.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
Israeli and Palestinian territories are not major oil producers, but if their conflict spreads to other parts of the region it could have major consequences for oil production and prices. Al Root, a senior writer for Barron's, joined CBS News to discuss what could happen.
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.
Labor Day weekend is here, and millions of Americans --an estimated 148 million according to one survey -- aren't planning to stay home. CBS News senior transportation correspondent Kris Van Cleave has the latest on the travel rush.
Iran balks at Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3 to 11 years old, police said.
The wife of a 27-year Army sergeant was detained by ICE at an immigration appointment in Texas. He says he doesn't understand why, and "ICE is out of control right now."
The legal fight is the latest to land before the Supreme Court in recent years that involve religious entities' participation in state-funded programs.
An HC-130 Hercules airplane crew confirmed the identity of the vessel as the Mariana, a 145-foot U.S.-registered dry cargo vessel, officials said.
Israeli Prime Minister Benjamin Netanyahu says a soldier seen in a photo hitting a statue of Jesus Christ with a sledgehammer will face "harsh disciplinary action."
As truck traffic increases, government and industry haven't been able to stop thousands of so-called "chameleon carriers," with deadly consequences.
The National Republican Congressional Committee, House Republicans' campaign arm, is touting a record-breaking fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News.
A mother and her six children died when their Central Pennsylvania home exploded and caught on fire Sunday morning, state police said.
After six synthetic drug labs were raided, the victims' vehicle skidded off the road and plunged into a ravine, officials said.
Airlines could hike ticket prices and fees if United and American were to join forces, lawmakers warn.
The Supreme Court turned away a legal battle testing whether a public school violates parents' rights when it encourages their child's social gender transition without their knowledge or consent.
The legal fight is the latest to land before the Supreme Court in recent years that involve religious entities' participation in state-funded programs.
An HC-130 Hercules airplane crew confirmed the identity of the vessel as the Mariana, a 145-foot U.S.-registered dry cargo vessel, officials said.
Airlines could hike ticket prices and fees if United and American were to join forces, lawmakers warn.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Airlines could hike ticket prices and fees if United and American were to join forces, lawmakers warn.
The Supreme Court turned away a legal battle testing whether a public school violates parents' rights when it encourages their child's social gender transition without their knowledge or consent.
The legal fight is the latest to land before the Supreme Court in recent years that involve religious entities' participation in state-funded programs.
The wife of a 27-year Army sergeant was detained by ICE at an immigration appointment in Texas. He says he doesn't understand why, and "ICE is out of control right now."
The National Republican Congressional Committee, House Republicans' campaign arm, is touting a record-breaking fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
After six synthetic drug labs were raided, the victims' vehicle skidded off the road and plunged into a ravine, officials said.
Israeli Prime Minister Benjamin Netanyahu says a soldier seen in a photo hitting a statue of Jesus Christ with a sledgehammer will face "harsh disciplinary action."
Iran balks at Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
Janos Balla, also known as Daniel Takacs, was taken into custody in the beach resort city of Cancun, officials said.
An earthquake with a magnitude of 7.4 struck off Japan's northern coast, prompting a temporary tsunami alert across the region.
Hosted by Jane Pauley. Featured: The purge of immigration judges; seeking accountability in trucking accidents; Don Cheadle and Ayo Edebiri on Broadway; portraitist Michael Shane Neal; the legacy of woodworker George Nakashima; an operatic car salesman; and Earth Day stories of advances in sustainability.
Michael Shane Neal, perhaps America's greatest living portraitist, recently fulfilled a long-held ambition: to paint a living president. He talks with correspondent Martha Teichner about producing a portrait of former President Joe Biden. He also discusses "being in the zone" while painting a portrait; following in the footsteps of famed artists Everett Raymond Kinstler and John Singer Sargent; and becoming a TikTok fashion icon.
The celebrated actors are both making their Broadway debuts in a revival of David Auburn's Tony- and Pulitzer Prize-winner "Proof," about a brilliant mathematics professor with mental-health issues, and his daughter with issues of her own.
In this web exclusive, actors Ayo Edebiri ("The Bear") and Don Cheadle ("Hotel Rwanda") talk with Tracy Smith about making their Broadway debuts in the revival of "Proof." They also discuss their love of live theater, and the early roles that inspired their passion for acting.
Celebrated actors Don Cheadle and Ayo Edebiri are both making their Broadway debuts in a revival of David Auburn's Tony- and Pulitzer Prize-winner "Proof," about a brilliant mathematics professor with mental-health issues, and his daughter with issues of her own. Cheadle and Edebiri talk with Tracy Smith about exploring the dynamics of a parent-child relationship, and how their off-stage relationship helps them on-stage.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
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.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
The struggling shoe brand Allbirds announced it is exiting the footwear business and re-inventing itself as an artificial intelligence company. Max Darrow has more from San Francisco.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Shamar Elkins, who served in the Louisiana Army National Guard from 2013 to 2020, killed 8 children in a mass shooting that began as a domestic dispute in Shreveport, Louisiana, on Sunday, officials say. CBS News' Jason Allen has more.
FBI Director Kash Patel is threatening legal action after an Atlantic report emerged that detailed his apparent excessive drinking and unexplained absences. CBS News' Katrina Kaufman reports.
A man killed eight children in Shreveport, Louisiana, on Sunday, officials said, in what police described as an "execution-style" shooting. Rodney Harrison, a CBS News law enforcement contributor and former Suffolk County police commissioner, joins CBS News with more.
Police in Shreveport, Louisiana, say Shamar Elkins killed eight children, seven of whom were his own kids, in a shooting early Sunday morning. The incident started as a domestic dispute and police say two women were also shot. Elkins was later killed in an exchange of gunfire with officers. Jason Allen reports.
Janos Balla, also known as Daniel Takacs, was taken into custody in the beach resort city of Cancun, officials said.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Pope Leo says the speech he made where he said "the world is being ravaged by a handful of tyrants" was written before President Trump first lashed out. A week ago the American-born pontiff responded to posts from Mr. Trump head-on. Chris Livesay reports.
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.
New data is emerging on fundraising efforts ahead of the 2026 midterm elections. Political strategists Chuck Rocha and Carrie Lukas join CBS News with more.
Shamar Elkins, who served in the Louisiana Army National Guard from 2013 to 2020, killed 8 children in a mass shooting that began as a domestic dispute in Shreveport, Louisiana, on Sunday, officials say. CBS News' Jason Allen has more.
Tensions are high at the Strait of Hormuz and Iranian ports in the area affected by a U.S. blockade. CBS News' Charlie D'Agata reports, and "60 Minutes" correspondent has more on potential blueprints for operations to remove Iran's stockpile of highly enriched uranium.