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The Consumer Price Index fell in December for the sixth straight month. It could be a sign the Federal Reserve will soon ease up on its aggressive interest rate hikes. Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, joined to CBS News for what this news means for the U.S. economy in 2023.
Inflation appears to be slowing, as the Consumer Price Index fell to 6.5% in December. But the price of some items — like eggs — is skyrocketing. The high cost of housing is also having an impact on young people, forcing many to move home with their parents. Nancy Chen takes a look.
Stocks climbed Thursday after the latest Consumer Price Index report showed inflation slowing. But Big Tech companies are still going through a series of layoffs. Insider startups and VC reporter Samantha Stokes joined CBS News to discuss the latest on the economy.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
There is some positive news in the battle to tame inflation: the Consumer Price Index fell slightly from November to December, marking the sixth straight month of decelerating prices. CBS News reporter Sarah Ewall-Wice joins us with more.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
With inflation showing signs of cooling down, Americans may yet evade a recession, experts said.
"People are waiting longer because we can't get to them. It's a lack of capacity in every department," said one ambulance worker.
As high inflation elevates the risk of a worldwide recession, the World Bank has lowered its growth forecast for the global economy. Paul Hannon, a reporter for The Wall Street Journal, joined "CBS News Mornings" to discuss.
The government is expected to release new inflation data Thursday. Lori Bettinger, the president of BancAlliance and a former director of the Troubled Asset Relief Program at the Treasury Department, joined CBS News after the closing bell on Wall Street to discuss the Federal Reserve's fight against inflation and how investors are reacting.
Central banks should lean on banks to consider environmental risks in lending, climate activists say.
The Federal Reserve is eyeing another interest rate hike, and experts say the increase could be just a quarter of a percentage point. Sultan Meghji, the former chief innovation officer at the Federal Deposit Insurance Corporation and a professor at Duke University's Pratt Engineering School, joins CBS News to discuss.
More Americans are carrying credit card debt, which could affect the future of their finances. Ted Rossman, senior industry analyst for Bankrate, joins CBS News with some tips on how to control debt amid high inflation.
Inflation has a way of affecting nearly every aspect of our finances. Here are major changes to watch for in 2023.
The cost of eggs is soaring across the country, as millions of Americans are still struggling with high inflation. Sonja Sharp, a Metro reporter for the Los Angeles Times, joins CBS News to discuss why the staple food has become so expensive.
New CBS News polling shows the economy remains a major concern for many Americans. CBS News executive director of elections and surveys Anthony Salvanto joins Anne-Marie Green and Jericka Duncan to break down how people feel about the state of the nation.
In the mid-1970s inflation was so high, the president referred to it as "public enemy #1" – and turned to Madison Avenue to come up with an ad campaign and rallying cry, "Whip Inflation Now."
The U.S. saw solid gains in the labor market in December, but concerns about a possible recession still linger. Bank of America's chief economist Michael Gapen joins CBS News' Catherine Herridge with his economic forecast for 2023.
New government data shows the U.S. added 223,000 jobs in December while unemployment fell to a 50-year low of 3.5%, as the Federal Reserve raises interest rates to the highest level in 15 years in an effort to cool the economy and tamp down inflation. Errol Barnett and Elaine Quijano break down the numbers with CBS News reporter Sarah Ewall-Wice.
New data indicates inflation may continue to cool, giving investors hope Fed may ease up on interest rate hikes.
CBS News contributor Javier David joined Anne-Marie Green and Vladimir Duthiers with to discuss the latest jobs report, which shows U.S. employers added 223,000 jobs in December.
Inflation, interest rates and a possible recession could weigh on markets. But there are also reasons for bullishness.
Investors are looking for any positive signs to bounce back from a down 2022 in the stock market. Chief investment officer Ahmed Riesgo of Insigneo joined CBS News to discuss where those signs might come from.
The job market remains strong — a good sign for workers but a blow to the Fed's efforts to cool inflation.
"The risks at the top of this list are aging dictators and tech bros," said Ian Bremmer of the research and consulting firm Eurasia Group.
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
President-elect Donald Trump, who ran on mass deportation and harsher immigration policies, could inherit a border that is relatively quiet.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Erik and Lyle Menendez made their first Los Angeles court appearance in years after their lawyers requested that a judge review potential new evidence and consider resentencing their first-degree murder convictions for the 1989 killings of their parents.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
A white woman in Florida with a racist history will be sentenced on Monday for shooting and killing Ajike (A.J.) Owens, her Black neighbor, last year.
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
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.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Two CBS News correspondents conducted an experiment to see which was better at planning a trip — AI or a person. Here's what they found.
An Arkansas couple sacrifices their wedding fund to save an injured dog, while an 85-year-old teacher in New York continues to inspire generations of students with her passion for teaching.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Two CBS News correspondents conducted an experiment to see which was better at planning a trip — AI or a person. Here's what they found.
Workers at Amazon warehouses around the world plan to strike between Black Friday and Cyber Monday this week.
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
Biden said four years of Trump would become an "aberrant moment in time." Now his presidency is wedged between his rival's time in power.
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.
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?"
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.
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
Scuffles and fistfights broke out weeks after a deadly rail station roof collapse that ignited tensions in the Balkan state.
Police thought a shoe thief was on the loose at a kindergarten, until a security camera caught the furry culprit in action.
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.
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
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 16 still missing.
"Wicked" led the box office with $114 million, while "Gladiator II" earned $55 million in a record-setting pre-Thanksgiving weekend. The combined success marks the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic. Rebecca Rubin, a senior film and media reporter with Variety, has more.
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."
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
One of the most successful computer games of all time is currently being developed by Apple as a forthcoming movie.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
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.
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.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
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.
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.
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.
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.
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.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
There are three legal paths for the Menendez brothers to potentially leave prison after serving several decades for the 1989 killings of their parents. CBS News legal contributor Jessica Levinson breaks down the latest in their legal battle.
A white woman in Florida with a racist history will be sentenced on Monday for shooting and killing Ajike (A.J.) Owens, her Black neighbor, last year.
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.
Erik and Lyle Menendez made a remote court appearance Monday in their bid to be released from prison. They were convicted of first-degree murder in 1997 for the 1989 killings of their parents.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
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.
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.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
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.
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.
President Biden pardoned two turkeys from Minnesota as part of a White House tradition ahead of the Thanksgiving holiday weekend. CBS News' Ed O'Keefe has more on Mr. Biden's last moves as president.
A judge is hearing arguments against The Onion's purchase of InfoWars as part of Alex Jones' efforts to retain power over the brand. CBS News' Janet Shamlian reports.
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
A growing number of voters think the economy is improving ahead of President-elect Donald Trump's second term in the White House, according to a recent CBS News poll. CBS News' Anthony Salvanto has more.
Special counsel Jack Smith is seeking to dismiss two federal cases against President-elect Donald Trump ahead of his second term in the White House. CBS News' Robert Legare and Caroline Polisi have more.