U.S. recession expected to start later than previously forecast
Majority of NABE survey respondents who envision a recession in 2023 don't see it happening until after March.
Inflation
Americans in their 30s struggle with debt
Americans in their 30s are struggling with mounting debt, surpassing other age groups, and rising interest rates are making it harder to pay the bills. CBS News' Tony Dokoupil and Lilia Luciano are joined by Yahoo Finance reporter Akiko Fujita.
U.S. consumers undeterred by inflation, report shows
Although U.S. inflation continues to remain high, it's not stopping Americans from spending on everything from everyday essentials to pricey vacations. A Commerce Department report released Friday found that consumer spending rose 1.8% in January. Michael George has the details.
Federal Reserve likely to cause a recession, research says
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
New inflation data could change rate hike strategy
The stock market fell on Friday as investors responded to the latest inflation data which came in higher than expected. Brian Vendig, president of MJP Wealth Advisors, joined CBS News to discuss how the latest data could force the Federal Reserve to raise interest rates higher than anticipated.
The Fed's favorite inflation gauge shows prices accelerated in January
Report signals the U.S. remains gripped by high inflation, sparking fears of more interest rate hikes by the Fed.
Market working to keep grocery prices down
Aziz Osmani, the co-owner and head purchaser at Kalustyan's market in New York, joins CBS News' Lana Zak to discuss how he is working to keep prices down amid high inflation.
U.S. economy grew less in 4th quarter
Federal Reserve and economy reporter for The New York Times, Jeanna Smialek, joins CBS News to discuss the latest GDP data and what it means for the economy.
U.S. economy slowed more than expected last quarter
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
Fed notes released on quarter-point hike
The stock market stayed relatively flat Wednesday following the release of the Federal Reserve's minutes prior to its last interest rate hike. CapWealth chief investment officer Tim Pagliara joined CBS News to discuss.
Maneuvering the housing market slowdown
Existing home sales declined once again in January for the 12th straight month, to the lowest level posted in more than 12 years. Veronica Dagher, a personal finance reporter for the Wall Street Journal, joins CBS News to discuss how you should maneuver the market if you're looking for a new home.
Rough day for the Dow Jones
The Dow Jones ended the day in the red, down about 700 points. The slide comes as big box retailers predict a rough outlook for 2024. Business journalist Kristin Myers joined CBS News to discuss what the numbers mean for the market.
Stocks tumble on worries of company profits, higher rates squeeze
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
What moved stocks and economy this week
Dow Jones Industrial Average made gains Friday but still ended the week in the red. J.D. Durkin, host of "The Street," and Javier David, a CBS News contributor and the managing editor of business and markets at Axios, join CBS News to recap this week's biggest market movers.
MoneyWatch: How to lower credit card debt
Personal finance columnist Michelle Singletary joins CBS News' Errol Barnett and Elaine Quijano to offer some tips for lowering credit card debt as consumers grapple with inflation and rising interest rates.
Dow Jones plummets after inflation report
The Dow Jones closed in the red Thursday, with rising producer prices expected to fuel inflation. Nancy Davis, founder and and chief investment officer for Quadratic Capital Management, joined CBS News to break down what the rising prices mean for investors going forward.
Latest numbers on inflation trends
The Producer Price Index rose 0.7% in the month of January, suggesting inflation pressures continue to hit the economy. CBS MoneyWatch reporter Aimee Picchi joined Anne-Marie Green and Nancy Chen to discuss what the numbers mean for consumers and why prices remain high at the grocery store.
Unemployment likely to surge this year, CBO says
U.S. debt is projected to almost double to $46.4 trillion in 2033, partly due to higher costs for Social Security.
53% of student borrowers say financial health tied to debt relief
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
Food prices continue to rise, with groceries a "pain point"
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
IRS: State payments not subject to federal tax
The Internal Revenue Service says it will not be collecting federal taxes against payments issued in several states last year to offset inflation. But, certain requirements are being imposed in some states. Rebecca Walser, president of Walser Wealth Management, joins CBS News' Lilia Luciano and Lana Zak to answer questions about the tax confusion.
Understanding U.S. inflation trends
The latest Consumer Price Index report shows inflation slowing overall, but the numbers in January were higher than anticipated. Lori Bettinger, the president of Bancalliance, joins CBS News to explain what the report means.
Inflation rate rose at slower pace in January
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
Inflation fell in January, but more slowly than forecast
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
More companies to report Q4 earnings
The stock market saw a sharp rise Monday ahead of the release of the January Consumer Price Index report, and as the last round of large companies prepare to release their 2022 fourth-quarter earnings. Landsberg Bennet Private Wealth Management chief investment officer Michael Landsberg joined CBS News to discuss what the developments mean for investors.
Illegal border crossings on track to reach new Biden-era low
President-elect Donald Trump, who ran on mass deportation and harsher immigration policies, could inherit a border that is relatively quiet.
Thanksgiving travel week faces several possible obstacles
Airports and highways are expected to be jam-packed during Thanksgiving week, a holiday period likely to end in another record day for air travel in the U.S.
DHL plane crashes in Lithuania amid concern over Russian sabotage
A DHL cargo plane crash landed in Lithuania, killing one crew member, but authorities say it's too soon to link it to suspected Russian sabotage operations.
17 people missing after tour boat sinks on Red Sea diving trip
Authorities in Egypt say a luxury yacht that set off with 45 people from the Red Sea port of Ghalib for a week-long diving trip sank, with 28 rescued and 17 still missing.
Charlotte airport workers walk off job at start of busy holiday travel week
Service workers at Charlotte Douglas International Airport have gone on strike at the start of a busy week of Thanksgiving travel to protest what they say are unlivable wages.
Biden to pardon turkeys in annual White House tradition
The turkeys, Peach and Blossom, hail from Minnesota, and will return there after Monday's festivities.
Best-selling novelist Barbara Taylor Bradford dies at 91
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
A team of researchers has warned about "pink cocaine" for over a year
The death of music star Liam Payne has thrust "pink cocaine," sometimes also called Tusi, into the national spotlight. The National Drug Early Warning System predicted its rise back in 2023.
U.S.
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Macy's says an employee hid up to $152 million in delivery expenses
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Illegal border crossings on track to reach new Biden-era low
President-elect Donald Trump, who ran on mass deportation and harsher immigration policies, could inherit a border that is relatively quiet.
Watch Live: Biden to pardon turkeys in annual White House tradition
The turkeys, Peach and Blossom, hail from Minnesota, and will return there after Monday's festivities.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
Best-selling novelist Barbara Taylor Bradford dies at 91
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
MoneyWatch
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Macy's says an employee hid up to $152 million in delivery expenses
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
Charlotte airport workers walk off job at start of busy holiday travel week
Service workers at Charlotte Douglas International Airport have gone on strike at the start of a busy week of Thanksgiving travel to protest what they say are unlivable wages.
Hyundai, Kia recall more than 208,000 electric vehicles over power loss issue
Car dealers will inspect and replace the control unit and a fuse if needed, as well as update software.
Who is Scott Bessent? What to know about Trump's Treasury secretary pick.
If confirmed, Bessent would runn the department that manages the nation's finances as well as its tax agency, the Internal Revenue Service.
Politics
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Illegal border crossings on track to reach new Biden-era low
President-elect Donald Trump, who ran on mass deportation and harsher immigration policies, could inherit a border that is relatively quiet.
Watch Live: Biden to pardon turkeys in annual White House tradition
The turkeys, Peach and Blossom, hail from Minnesota, and will return there after Monday's festivities.
Congress stalemate causing backlog in aid applications after Helene
Helene ransacked western North Carolina on Sept. 27, leaving a path of devastation, death and an economic calamity from which the state will need years to recover.
H.R. McMaster says coming months are "really critical" for Ukraine
Lt. Gen. H.R. McMaster said that Russia and Ukraine are both incentivized to make "as many gains on the battlefield as they can before the new Trump administration comes in."
Full transcript of "Face the Nation with Margaret Brennan," Nov. 24, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Rand Paul and Tammy Duckworth join Margaret Brennan.
HealthWatch
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As many as 1 in 5 people won't lose weight with GLP-1 drugs, experts say
About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.
A study to devise nutritional guidance just for you
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
A study to personalize nutrition guidance just for you
From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.
New treatments offer hope for older patients with a deadly cancer diagnosis
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
1 infant dead in California, 9 hospitalized in latest listeria outbreak
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
World
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Chinese trans woman awarded thousands over forced electroshock therapy
Trans performance artist Ling'er says she was forced to undergo electroshock treatments at a hospital in China that left her with a heart condition.
Best-selling novelist Barbara Taylor Bradford dies at 91
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
17 people missing after Egyptian tour boat sinks on Red Sea diving trip
Authorities in Egypt say a luxury yacht that set off with 45 people from the Red Sea port of Ghalib for a week-long diving trip sank, with 28 rescued and 17 still missing.
Deaths soar as Israel and Hezbollah clash despite cease-fire push
Hezbollah allegedly fires a barrage of some 250 rockets at northern Israel after dozens are killed in Israeli strikes in Lebanon.
Over 30 stranded whales saved by people lifting them on sheets
Officials praised as "incredible" the efforts made by hundreds of people to help save the foundering pilot whales.
Entertainment
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Entertainment
"Wicked," "Gladiator II" soar at box office
While "Gladiator II" earned $55 million at the box office domestically, "Wicked" soared with $114 million. It was the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic, with the two movies earning the nickname "Glicked."
Best-selling novelist Barbara Taylor Bradford dies at 91
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
"Oregon Trail" computer game is now being developed as a movie
One of the most successful computer games of all time is currently being developed by Apple as a forthcoming movie.
Chuck Woolery, host of "Love Connection" and "Scrabble," dies at 83
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
What makes a martini a martini?
There are very few American inventions more American than the martini – a classic cocktail of gin and vermouth, garnished with lemon. But today, a martini's ingredients may be up for debate.
Technology
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Technology
How AI can help to plan your next vacation
More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
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.
A new generation of shopping cart, with GPS and AI
At a Price Chopper outside Kansas City, shoppers are test driving the new Caper Cart, featuring digital screens, GPS, cameras equipped with artificial intelligence, and packaging scanners that spit out coupons. Correspondent Jonathan Vigliotti looks at the technology used to "reinvent the wheel" of the shopping cart.
Who has the best Black Friday tech prices?
Black Friday is almost here, but some of the hottest tech items are already on sale. CNET senior editor Lisa Eadicicco joins CBS News to discuss high-demand gifts and what retailers offer the best prices.
Science
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Science
Dishing up space food
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
How are U.S. winters permanently changing?
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
Emperor penguin found on Australian beach released at sea after 20 days of care
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
Iceland volcano flares in region's 7th eruption in one year
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.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Crime
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Arrest made after woman, baby shot dead in car in Connecticut
A suspect in the fatal shooting of a woman and her 4-month-old son inside a car in Hartford, Connecticut, was arrested in Puerto Rico, officials said.
Menendez Brothers to appear in court
Erik and Lyle Menendez, who are serving life sentences for the 1989 murder of their parents, will appear virtually in court Monday for a hearing addressing the brothers' habeas corpus petition that seeks to vacate their murder convictions for lesser charges like manslaughter. CBS News correspondent Elise Preston has the latest.
Venezuelan gangs trying to recruit kids from migrant families, NYPD says
There is growing concern among the police over an increase in Venezuelan gang activity across New York City.
Law enforcement raises warning over "pink cocaine"
Law enforcement is raising alarm bells over a drug called pink cocaine. It doesn't actually contain cocaine, but is instead a combination of other substances. Tom Hanson has more on the spread of the potentially deadly drug.
Connecticut couple charged in $1 million Lululemon theft operation
A couple from Connecticut is charged with allegedly orchestrating a retail theft operation that may have cost Lululemon as much as $1 million.
Space
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Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
Trump, Musk attend SpaceX launch
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.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
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.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
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.
Summer music heats up 2024
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.
Latest CBS News Videos
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Latest CBS News Videos
Record-setting Thanksgiving travel expected
AAA estimates nearly 80 million people will travel over Thanksgiving and some have already started to pack the airports. The FAA says the number of scheduled flights will peak Tuesday, with more than 50,000 but airlines expect Wednesday and Sunday to actually see the most people. There is the potential of snow in Denver and Salt Lake City, impacting two major airports, and some extremely low temperatures in parts of the country could create delays as the holiday approaches. The weather could also impact the roads as drivers are expected to begin traveling Tuesday and Wednesday.
Where to get the latest CBS Mornings Deals
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.
Marta on winning first league title
The Orlando Pride defeated the Washington Spirit to claim the NWSL Championship. Brazilian soccer icon Marta, the all-time leading scorer in Women's World Cup history, joins "CBS Mornings" to talk about how she celebrated her first league title.
Arkansas couple uses wedding fund to save dog
Dylan McCay and his fiancée Emily Roberts emptied their wedding savings to save a dog's life after finding her severely injured. Their generosity sparked a fundraising campaign that raised $45,000. David Begnaud has this and more.
Susan Wojcicki's sisters honor her legacy
Two months before her death, former YouTube CEO Susan Wojcicki shared a heartfelt message about fighting for better understanding and treatments. Her sisters talk to Gayle KIng and reflect on her determination during Lung Cancer Awareness Month.