How rising diesel prices may affect inflation
For American drivers, the cost of the war with Iran is already showing up at the pump. But there's a bigger warning light flashing for the economy: diesel. Kelly O'Grady explains.
Inflation
Inflation held steady in February before Iran war drove up gas prices
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
CPI climbs 0.3% in February, as expected
The new Consumer Price Index released Wednesday shows inflation ticked up in February, but was in line with what experts expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
February inflation numbers hold steady
February's CPI report shows inflation held steady. Erin Delmore, a geoeconomics correspondent, joins to break it down.
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.
Stocks sink as oil prices sizzle and U.S. hiring fizzles
Stocks fell after new government data showed U.S. employers shed 92,000 jobs in February and as investors fret over oil prices.
Iran war hits housing market as mortgage rates rise to 6%
Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.
Target to invest $2 billion in AI, stores, staffing as it seeks to reverse slump
Target will invest another $2 billion in its business this year to spruce up stores, remodel locations and invest in workers, the retailer said Tuesday as it outlined plans to try to reverse a persistent sales malaise and reclaim its footing in fashion and home categories.
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.
Walmart and other big companies say tariffs are forcing them to hike prices
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
How a U.S. strike on Iran could affect American drivers and borrowers
Oil prices could surge depending on the level of disruption from U.S. military strikes on Iran, Wall Street analysts say.
January CPI report is the best inflation news in months. Here's why.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
CPI rose at an annual rate of 2.4% in January, cooler than expected
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
What new inflation data says about high costs
New data on inflation rates is encouraging, but the burden of high prices continues to affect Americans. Erin Delmore, a geoeconomics correspondent, joins CBS News with more.
New inflation data beats expectations
New data shows inflation in the U.S. cooled more than expected in January. CBS News' Natalie Brand has more.
Reps. Jim Himes & Bryan Steil on "The Takeout"
Members of the House Select Committee on Economic Disparity and Fairness in Growth, chairman and Connecticut Democrat Rep. Jim Himes and Wisconsin Republican Rep. Bryan Steil, join Major Garrett for this week's episode of "The Takeout" to discuss the state of the U.S. economy, soaring energy prices and what options the current administration has in curbing rising costs.
Jill Schlesinger on "The Takeout"
Jill Schlesinger joins Major Garrett on this week's "The Takeout." Schlesinger and Garrett discuss the different terms around inflation, how the Fed affects inflation, the effect of the pandemic on the economy, bear markets, and stupid things smart people do with their money.
Trump delivers year-end address to nation
President Trump delivered a prime-time address from the White House on Wednesday night, touting the administration's actions during the first 11 months of his second term and outlining his goals for the next three years. CBS News' Norah O'Donnell anchors this special report.
Trump names Kevin Warsh as Fed Chair pick
President Trump on Friday announced former Fed Gov. Kevin Warsh as his pick to replace Jerome Powell as Federal Reserve Chair. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Warsh's experience.
Why the Fed held interest rates steady
The Federal Reserve, as expected, left its benchmark interest rate unchanged on Wednesday. The decision to keep the rate at its current mark comes after the central bank ended 2025 with three consecutive rate cuts. CBS News business analyst Jill Schlesinger breaks down the decision.
Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
Economic standings one year into Trump term
President Trump touted his economic agenda this week as he reflected on one year back in office. Barron's reporter Sabrina Escobar joins "The Daily Report" to discuss where the economy stands right now.
Trump says U.S. economy is booming
President Trump boasted about his economic successes during the first year of his second term in the White House despite Americans' sentiments on high prices and inflation. CBS News' Fin Gómez and Javier E. David have more.
Polling on Trump a year into his second term
It's been one year since President Trump took the oath of office and became the United States' 47th president. CBS News executive director of elections and surveys Anthony Salvanto has new polling on how Americans feel a year into Trump's second term.
CBS News poll: 1 year in, Americans call for more inflation focus from Trump
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
Live
Iran war keeps Strait of Hormuz paralyzed and gas prices on the rise
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
Trump urges other nations to help open Strait of Hormuz
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
Ex-wife told 911 the Michigan synagogue attacker was "not stable" before incident
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit.
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Trump requests delay of China trip because of Iran war
President Trump was planning to visit China at the end of March.
Cuba plans to open up to investment from nationals in U.S. amid pressure from Trump
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
Travelers face long lines at airports after TSA workers miss full paycheck
Travelers continue to face long lines at airports across the U.S. due to the partial government shutdown affecting TSA agents.
Border Patrol's Gregory Bovino to retire from federal service, sources say
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
Kennedy Center votes to shut down ahead of Trump-backed renovation project
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
U.S.
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Kennedy Center votes to shut down ahead of Trump-backed renovation project
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
Trump requests delay of China trip because of Iran war
President Trump was planning to visit China at the end of March.
Ex-wife told 911 the synagogue attacker was "not stable" ahead of incident
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit.
U.S. Soccer unveils new stars and stripes jerseys ahead of 2026 World Cup
The U.S. men's national soccer team is expected to debut the new uniforms later this month in Atlanta, ahead of the 2026 FIFA World Cup starting in June.
Supreme Court to consider end to deportation protections for Syrians, Haitians
The Supreme Court said in an unsigned order it will hear arguments in late April on efforts to end temporary deportation protections for thousands of immigrants from Syria and Haiti.
MoneyWatch
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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.
With gas prices still rising, experts recommend 3 ways to save fuel
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
Gas prices edge higher with Brent crude remaining above $100 per barrel
Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
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.
Politics
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Kennedy Center votes to shut down ahead of Trump-backed renovation project
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
Trump requests delay of China trip because of Iran war
President Trump was planning to visit China at the end of March.
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Cuba plans to open up to investment from nationals in U.S. amid pressure from Trump
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
Supreme Court to consider end to deportation protections for Syrians, Haitians
The Supreme Court said in an unsigned order it will hear arguments in late April on efforts to end temporary deportation protections for thousands of immigrants from Syria and Haiti.
HealthWatch
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Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
World
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Trump requests delay of China trip because of Iran war
President Trump was planning to visit China at the end of March.
Cuba plans to open up to investment from nationals in U.S. amid pressure from Trump
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
Cuba begins restoring power after energy grid collapses in nationwide blackout
The latest blackout in Cuba comes over a week after another massive outage affected the island's west, leaving millions without power.
2 dead, including girl, after boats carrying students capsize off Japan
Coast guard rescuers pulled all 21 people out of the water, but a 17-year-old student and the captain of one of the boats were later pronounced dead.
Trump urges other nations to help open Strait of Hormuz
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
Entertainment
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Kennedy Center votes to shut down ahead of Trump-backed renovation project
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
Stars walk Vanity Fair Oscar Party red carpet
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.
Did "Sinners" get snubbed at the Oscars?
The 2026 Academy Awards were held in Los Angeles on Sunday. Entertainment Tonight host Kevin Frazier breaks down the winners and the biggest upsets.
Oscars 2026 best dressed
CBS News contributor Lauren Sherman breaks down some of the best looks from the 2026 Oscars, where looks from Chanel and Dior dominated the red carpet.
Lizzo announces children's book
Grammy award-winner Lizzo exclusively announced on "CBS Mornings" her latest project, a children's book called "Little Lizzo Meets Sasha B. Flute." She spoke with Gayle King about her inspiration for the book and message for young readers.
Technology
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Technology
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberates in social media trial
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
Science
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Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Crime
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Crime
Closing arguments in Kouri Richins trial
Closing arguments are expected to begin on Monday in Kouri Richins' murder trial. She's accused of giving her husband a deadly dose of fentanyl four years ago before she later published a children's book about grief. The case included 13 days of testimony, but the defense did not call any witnesses. If convicted, Richins could face life in prison.
Suspect who played key role in "El Mencho" raid is arrested
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said.
Ecuador launches U.S.-backed anti-drug operations: "We're at war"
The operation marks the latest joint show of force against drug cartels in the South American country.
Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Players Championship start delayed amid manhunt for murder suspect
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Space
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Space
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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
More Latest CBS News Videos
Latest CBS News Videos
Record snowfall across Midwest, Great Lakes
A major storm brought dangerous blizzard conditions across the Great Lakes and the Midwest states over the weekend. These videos show the conditions on the ground.
More TSA workers call out sick amid shutdown
Travelers are facing long lines and delays at airports across the U.S. as a partial government shutdown affecting the Department of Homeland Security drags on. CBS News congressional reporter Taurean Small has more on the state of negotiations.
Severe weather threatens East Coast
The major winter storm that dumped as much as two feet of snow in parts of the Great Lakes and Midwest is now traveling east, bringing severe weather to large parts of the coast. CBS News correspondent Nicole Valdes reports.
Strait of Hormuz emerges as Iran war frontline
President Trump is calling on other nations that depend on oil exported through the vital Strait of Hormuz to help reopen it. The shipping lane, which carries about 20% of the world's oil supply, has been blocked since the war began nearly three weeks ago. CBS News' Imtiaz Tyab, Chris Livesay and Erica Brown have the latest.
New book looks at John Quincy Adams' life
Bob Crawford is best known as the bassist for the Avett Brothers. But he's also the author of a new book about the political career of John Quincy Adams. Crawford joins "The Takeout" to discuss his book "America's Founding Son."