Why Social Security's next cost-of-living hike could hurt seniors
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
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.
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
PCE price index indicates signs of cooling price increases, raising likelihood Fed will leave interest rates unchanged in September.
Overheated labor market of the past two years may be over, raising questions about Fed's next move, experts say.
Stocks are holding on to gains after Federal Reserve Chair Jerome Powell said more rate hikes could be on the way.
A new CBS News poll is providing more insight into the issues GOP voters want candidates to talk about at Wednesday's Republican presidential debate. 86% of likely Republican primary voters responded that it is "very important" to hear from candidates about plans to lower inflation. Anthony Salvanto, CBS News executive director of elections and surveys, breaks down the findings.
Wage expectations are at their highest level in 10 years, according to new data from the Federal Reserve Bank of New York. Julia Pollak, chief economist for ZipRecruiter, joined CBS News to discuss the state of wages and the labor market.
The average new vehicle in the U.S. costs $48,000 and, this year, there was only one model on sale for less than $20,000, according to data from Cox Automotive. Jared Rosenholtz, editor-at-large for CarBuzz, joined CBS News to discuss how prices have changed over time and what it means for the industry.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Strong consumer demand for SUVs and trucks has left few options for price-conscious vehicle buyers.
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
The White House is marking one year since the Inflation Reduction Act was signed into law. CBS News chief White House correspondent Nancy Cordes previewed President Biden's remarks on Wednesday and discussed his upcoming trip to the Hawaiian island of Maui following the deadly wildfires.
As we head into the fall, it's time to tackle that back-to-school shopping list -- and this year, parents are expected to shell out a record amount of money on supplies. CBS News' Haley Ott has tips on ways to save.
While inflation has slowed, many Americans are still seeing costs of necessities like food, shelter and energy impacting household budgets. CBS News' Carter Evans takes a deeper look.
For the first time in the U.S., credit card debt has surpassed $1 trillion.
President Biden praised the numbers in the latest consumer price index report saying it shows the "economy remains strong." The report shows inflation rose for the first time in 12 months, but not as much as experts predicted. CBS News senior White House correspondent Weijia Jiang has more.
A new report from the Bureau of Labor Statistics shows prices for consumer goods rose two-tenths of a percent in July, bringing the annual level to 3.2%. Javier David, managing editor for business and markets for Axios, joined CBS News to go inside the numbers and discuss the possibility of further rate hikes.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
The latest jobs report is showing a strong labor market in the face of inflation-fighting interest rate hikes, with 187,000 jobs added in July. And the unemployment rate is approaching a 50-year low at 3.5%. Daniel Zhao, lead economist at Glassdoor, joined CBS News to discuss the new numbers.
U.S. businesses added 187,000 jobs in July, keeping pace with June's hiring as employers sought to add staff amid a tight labor market. Job growth has become more muted than earlier this year, Axios managing editor for business and markets Javier David joins CBS News to discuss why.
President Biden has toured the U.S. touting his administration's economic policies, but do Americans approve of how he has handled the economy? CBS News' executive director of elections and surveys Anthony Salvanto joined "America Decides" to examine the results of new CBS polling on the topic.
Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here.
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week.
There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.
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.
Bigger bins and premium-priced seating with added legroom are just some of the changes the carrier is betting will win over customers.
Authorities have successfully airlifted over 50 people stranded by fast-moving flood waters from 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.
Bigger bins and premium-priced seating with added legroom are just some of the changes the carrier is betting will win over customers.
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
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 Viking burial ground, used during the 9th and 10th centuries, was discovered on the southern outskirts of the village of Åsum.
The Israeli military says it struck the central headquarters of Hezbollah in Beirut, and sources told The Associated Press that 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.
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.
The Viking burial ground, used during the 9th and 10th centuries, was discovered on the southern outskirts of the village of Åsum.
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.
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?
Hezbollah says it is launching retaliatory rockets into northern Israel following Israel's largest round of airstrikes to date in Beirut on Friday. The Israeli military says it struck Hezbollah's headquarters in the southern part of the city. U.S. Secretary of State Antony Blinken addressed the attack and other global issues while speaking to reporters in New York City.
After a year-long investigation, Sharyn Alfonsi reveals how an estimated 50,000 homeowners affected by Hurricane Ian are still fighting with their insurance companies to repair their homes. Alfonsi interviews insurance insiders and whistleblowers who say several insurance carriers were in some cases using materially altered damage reports which resulted in dramatically lower claim payouts. 60 Minutes, Sunday.
Three Iranian hackers are being accused of targeting former President Donald Trump's presidential campaign. CBS News legal contributor Jessica Levinson has more on the unsealed indictment.
Tropical Depression Helene is moving north through Georgia and the Carolinas. Flash flood warnings are in effect across the Peach State, with some areas potentially seeing up to eight inches of rain by Friday night. Skip Henderson, mayor of Columbus, Georgia, joins CBS News to discuss how the storm is impacting his community.
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.