Why buying groceries should be less painful in the months ahead
In a boon for consumers, falling commodity prices are likely to bring down the cost of sugar, coffee, corn and soybeans.
In a boon for consumers, falling commodity prices are likely to bring down the cost of sugar, coffee, corn and soybeans.
Wholesale prices fell half a percentage point last month, according to the latest Producer Price Index report, signaling a possible ease in inflation. Greg Robb, a senior reporter and economics editor for MarketWatch, joined CBS News to discuss the numbers.
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.
Inflation eased in October amid lower prices for gasoline and cars, according to a report from the Labor Department on Tuesday. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined CBS News to discuss the CPI report.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
The economy is the issue voters most care about when thinking ahead to the 2024 presidential elections, according to a CBS News poll. CBS News correspondent Lana Zak met with Georgia voters who are divided on the state of the economy.
According to a CBS News poll, more than half of young voters definitely will vote in 2024, and only 7% say they will likely not vote. CBS News correspondent Lana Zak spoke to three young voters who pointed toward issues, and not political parties, that are influencing their votes.
A CBS News poll is giving us a better sense of what could happen if the Republican presidential field continues to consolidate. CBS News deputy director of elections and data analytics Kabir Khanna explains.
The economy is set to be a hot-button issue ahead of the 2024 presidential election. CBS News' Lana Zak spoke with people in Baldwin County, Georgia, to see how inflation is affecting daily life and how the state of the economy could influence their vote.
A new report from Wells Fargo has found that turkey prices are down 9% this year, while the price of cranberries are up 20%.
Slight increase in job openings in September indicates U.S. job market remains strong in the face of higher interest rates.
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
The climbing interest rates may be keeping prospective home buyers from moving from places they may not necessarily want to live in. Felix Salmon, chief financial correspondent for Axios, joins CBS News with more.
The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. Mark Miller, a contributor to The New York Times, joined CBS News to discuss the adjustment.
The Consumer Price Index rose 0.4% last month with energy and housing prices contributing to the increase. Greg Robb, a senior economic reporter for MarketWatch, joined CBS News to break down the numbers.
Chipotle attributes plans to bump up menu prices again to "state of the economy," a company spokesperson told Insider.
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
The Producer Price Index, measuring how much wholesale goods cost, rose half a percentage point in September, slightly higher than the 0.3% some experts expected. More than 40% of the increase can be attributed to a rise in energy costs. Business journalist Kristin Myers joined CBS News to discuss the numbers.
During President Biden's remarks today on the September jobs market, he took questions on why sentiments among Americans about the economy may not reflect what the strength this month's data yields. Biden also announced more American jobs in manufacturing. CBS News chief White House correspondent Nancy Cordes has more.
People across the country remain "deeply dissatisfied" with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on why consumers remain angry.
Some 200 workers from Apple stores across France joined picket lines, vying for sidewalk space with customers eager to get the new iPhone 15.
Wholesale inflation saw its biggest month-to-month gain since June 2022 last month, with the Producer P rice Index rising seven-tenths of a percent between July and August. Alcynna Lloyd, reporter for Insider, joined CBS News to discuss the numbers.
The producer price index rose seven-tenths of a percent in August, a spike driven by the cost of energy. Hope King, senior business reporter for Axios, joined CBS News to discuss what the number means and if it will lead to another interest rate hike from the Fed.
Inflation ticked up for a second straight month in August, with the Bureau of Labor Statistics reporting the biggest month-to-month increase in consumer prices all year. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News with analysis of the numbers.
Millions of customers in several states were in the dark as Helene moved inland from the Big Bend area of Florida's Gulf Coast.
Federal prosecutors have charged three Iranian hackers for allegedly targeting members of former President Donald Trump's presidential campaign as part of a "wide-ranging" cyber scheme.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim in later roles in "Harry Potter" and "Downton Abbey."
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
City officials shared clips of boats slammed into homes and a residence burning amid the floodwaters as they conducted water rescue operations.
Israel's leader softens his stance on a U.S.-backed cease-fire proposal with Hezbollah, but deadly strikes in Lebanon continue as he addresses the U.N.
Indicted NYC Mayor Eric Adams pleaded not guilty to federal bribery and campaign finance charges at his arraignment Friday.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
A risky rescue operation is underway to evacuate over 50 people stranded by fast-moving flood waters on the roof of a hospital in Erwin, in eastern Tennessee.
Rising Florida home insurance rates, which surged 45% from 2017 to 2022, are likely to keep climbing along with the mercury, experts say.
A NASA astronaut and a Russian cosmonaut will join the Starliner astronauts for a normal tour of duty
The car attempted to make a pass on a two-lane road and struck two other vehicles, the state Highway Patrol said Friday.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Rising Florida home insurance rates, which surged 45% from 2017 to 2022, are likely to keep climbing along with the mercury, experts say.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
A top investor in Trump Media & Technology Group has shed most of its position in the Truth Social owner, according to a filing.
Despite suspending his campaign, the independent presidential candidate was fighting to have his name restored to the state's ballot.
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
Indicted NYC Mayor Eric Adams pleaded not guilty to federal bribery and campaign finance charges at his arraignment Friday.
"I don't think we know who's going to win Michigan yet," Rep. Debbie Dingell told chief Washington correspondent Major Garrett on "The Takeout" podcast.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
Gov. Gavin Newsom signs law prompted by a decade-long CBS News California investigation into California's newborn genetic biobank.
Ten deaths have been linked to now-recalled Boar's Head products.
The Israeli military says it struck the central headquarters of Hezbollah in Beirut, and three major Israeli TV channels said Hezbollah leader Hassan Nasrallah was the target.
There are no coastal watches or warnings in effect for either storm however, the waves from Issac could cause life-threatening surf and rip current conditions in the Azores
In October 2022, Phoebe Plummer and Anna Holland threw two cans of Heinz tomato soup over the artwork at London's National Gallery.
Enrique Ariza was convicted of "persecution, harassment" and other crimes against Claudia Julieta Duque, the prosecutor's office said.
U.K. regulators found "serious misconduct" by Naomi Campbell's Fashion for Relief charity, disqualifying her from running a charity in Britain for five years.
In this preview of an interview to be broadcast on "CBS Sunday Morning" September 29, correspondent Anthony Mason talks with Chris Martin and Jonny Buckland of the rock band Coldplay about their massively-successful world tour.
A simple cocktail recipe, from the author of the New York Times bestseller, "Barefoot Contessa at Home."
U.K. regulators found "serious misconduct" by Naomi Campbell's Fashion for Relief charity, disqualifying her from running a charity in Britain for five years.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim in later roles in "Harry Potter" and "Downton Abbey."
Tony Dokoupil and Adriana Diaz co-host "CBS Mornings Plus," airing weekdays on CBS-owned stations in Los Angeles, Chicago, San Francisco, Detroit and Miami, and streaming on CBS News 24/7.
Top U.S. artificial intelligence startup OpenAI took a hit Thursday after three of its top executives exited the company. The departures come as CEO Sam Altman is reportedly preparing to turn OpenAI into a traditional for-profit company. Connie Guglielmo, senior vice president focused on AI edit strategy for CNET, joins CBS News to examine the future of the startup.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
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.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
CBS News found the song has been used in more than 4,500 TikTok videos alone, with some users believing it's a song released by Bieber.
Nine years after it was negotiated, the Paris Climate Agreement continues to serve as a blueprint for global environmental goals. Todd Stern, the top U.S. negotiator for the deal, outlines the years-long process it took to reach the landmark agreement in his new book, "Landing the Paris Climate Agreement: How It Happened, Why It Matters and What Comes Next." Stern joins CBS News to look back at the talks.
Florida is bracing for the wrath of Hurricane Helene. A common question that scientists face during natural disasters like this is: Has climate change impacted their severity? CBS News Miami investigative reporter Jim Defede and CBS News Texas investigative reporter Brian New break down how lawmakers and residents in their states view climate change amid natural disasters.
Three houses have collapsed into the ocean in Rodanthe, North Carolina, in less than a week — and they're likely not the last. Here's why.
President Biden touted his administration's climate progress at the United Nations General Assembly on Tuesday. But in California, lawmakers have often been ahead of the federal government's climate policy, although they are not always aligned. CBS News California investigative correspondent Julie Watts has more.
Some of California's Democratic state politicians say they are voting against clean energy measures and climate legislation for economic reasons connected to their constituents. CBS News Sacramento's Julie Watts reports.
New York City Mayor Eric Adams appeared in court Friday and pleaded not guilty to federal charges against him. CBS News' Nikki Battiste was in court while the Adams' arraignment took place.
New York City Mayor Eric Adams was arraigned Friday, a day after a federal indictment outlined alleged crimes Adams carried out involving a foreign government. CBS News' Nikki Battiste was in court.
Enrique Ariza was convicted of "persecution, harassment" and other crimes against Claudia Julieta Duque, the prosecutor's office said.
New York City Mayor Eric Adams is set to be arraigned Friday on federal charges that include bribery, conspiracy and campaign finance charges. CBS News' Anna Schecter reports.
Investigators say the suspicious timing of doing a load of laundry and a call to 911 focused their attention on a former state trooper and his potential role in his wife's death.
A NASA astronaut and a Russian cosmonaut will join the Starliner astronauts for a normal tour of duty
The Soyuz landing in Kazakhstan sets the stage for launch of a SpaceX Crew Dragon flight to the space station Thursday.
For the next two months, Earth will have a "mini-moon" when a small asteroid temporarily orbits the planet. Scientists say the asteroid, which is only 33 feet long, will enter Earth's gravity in a horseshoe orbit September 29 before leaving on November 25. Most people won't get a glimpse of this mini-moon though, it's too small to see without professional equipment.
The asteroid was discovered in August and is set to become a mini-moon, spinning around Earth in a horseshoe shape for about two months.
NASA's "Hidden Figures," whose work helped put men on the moon, were honored Wednesday in a Congressional Gold Medal ceremony.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
Portions of Florida and Georgia are underwater after Helene made landfall as a Category 4 hurricane Thursday night. The storm quickly weakened, but not before causing major flooding and widespread power outages. CBS News correspondent Tom Hanson has the latest from Tallahassee, Florida.
Former President Donald Trump sat down with Ukrainian President Volodymyr Zelenskyy in New York on Friday ahead of a campaign trip to Michigan later in the day. CBS News campaign reporter Olivia Rinaldi has more on the meeting and Trump's stops in the Great Lakes State.
Jim Cantore tells CBS News' Tom Hanson about what made Hurricane Helene different from the 113 other storms he's covered — and how a sudden shift east saved Tallahassee from the worst storm it would have ever experienced. "This seems to be the spot, all of a sudden, for Mother Nature's wrath."
Vice President Kamala Harris will campaign in Arizona on Friday and is expected to call for tougher border security measures while there. It will be her first visit to the U.S.-Mexico border since becoming the Democratic presidential nominee. CBS News immigration and politics reporter Camilo Montoya-Galvez has a preview of Harris' agenda.
Israel reportedly struck Hezbollah in Lebanon on the same day Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly. CBS News' Imtiaz Tyab reports from Beirut, and CBS News' Olivia Gazis has more from New York City.