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The Commerce Department is reporting that the GDP grew at an annualized rate last quarter for the first time this year. Lori Bettinger, the president of BancAlliance and former director of the Treasury Department's Troubled Asset Relief Program, joins CBS News to discuss the significance of this report and other economic developments.
The issues have forced concession companies to get creative in an effort to address the rising costs.
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
The U.S. economy grew in the third quarter of 2022 by a 2.6% annual rate. Meanwhile, the Labor Department reports the number of new unemployment claims last week dropped from the week before. "CBS News Mornings" spoke with New York Times Federal Reserve and economy reporter Jeanna Smialek about the nation's economic outlook.
The president highlighted his administration's push to crack down on so-called junk fees that banks and other companies charge their customers.
The 10 most popular candy brands have seen an average price increase of 13% since 2021, according to Datasembly.
We see the ripple effect of a locally sourced water company reviving an Idaho mining town. And we learn some small tips to save big at the grocery store amid rising inflation. Watch these stories and more on "Eye on America" with host Michelle Miller.
Economic turmoil came to a head in the U.K. during former Prime Minister Liz Truss' tumultuous six-week term, while economists in the U.S. now debate if the nation's economy is at the beginning of or will soon see a recession. CBS News' Tony Dokoupil and Lilia Luciano are joined by domestic policy and politics reporter Joseph Zeballos-Roig at online newsletter Semafor to discuss what the economic troubles could mean for both country's leaders.
Three voters who say they feel post-pandemic stress over finances and kids and are deeply impacted by inflation discuss what issues are influencing their votes this November.
House Speaker Nancy Pelosi says Democrats are focused on lowering the cost of living amid high inflation with just two weeks to go before the midterm elections.
With Halloween just around the corner, Americans gearing up for the holiday season can expect to be spooked by the rise in prices of holiday activities due to inflation. Michael George has more.
European markets have been taking direct hits following the resignation of British Prime Minister Liz Truss. The continent was already facing record-high inflation and interest rate hikes, similar to the U.S. Akin Oyedele, investing deputy editor at Business Insider, joined CBS News' Catherine Herridge to discuss.
Following Liz Truss' resignation, the U.K. is once again searching for a new prime minister. This comes as Britain faces soaring inflation and a potential energy crisis this winter. Axios chief economics reporter Neil Irwin joins CBS News' Tony Dokoupil and Elaine Quijano with the latest.
The hottest inflation in 40 years is likely to impact everything from your taxes to your retirement contributions.
U.K. Prime Minister Liz Truss resigned as the British government and economy are in turmoil. Now there are some concerns about the lingering effects of the country's instability on the world stage. Robert Holleyman, former U.S. deputy trade representative, joins CBS News' John Dickerson to discuss.
Prime Minister Liz Truss announced her resignation just 44 days after Queen Elizabeth II apppointed her. The change comes as the U.K. struggles with inflation over 10%, and at a 40-year high. Ramy Inocencio has more.
U.K. Prime Minister Liz Truss announced her resignation Thursday amid economic turmoil in the country. Greg Swenson, founding partner of the British investment bank Brigg Macadam, discussed what he thinks the British economy could look like with a new prime minister.
Gillian Tett, editorial board chair and editor at large in the U.S. for the Financial Times, joined CBS News to discuss U.K. Prime Minister Liz Truss' announcement that she's resigning.
Poll shows tight race for Nevada's next U.S. senator; recent study shows over half of Americans considered second job due to inflation.
U.K. inflation soared above 10% for the second time this year. The increase is largely driven by rising food prices. It comes as U.K. Prime Minister Liz Truss faces opposition over her failed economic agenda. Adam Posen, president of the Peterson Institute for International Economics, joins CBS News' John Dickerson to discuss.
Financial stress is even tougher on parents, with 7 in 10 saying their paychecks aren't keeping up with rising costs.
The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
Inflation in Britain reaches 40-year high; Biden to release 15 million barrels from oil reserve.
Economists think the record inflation could prompt England's central bank to hike its primary interest rate by as much as a full percentage point this fall.
Thousands of people protested across France Tuesday, demanding higher wages to tackle spiking inflation. Noemie Bisserbe, reporter for the Wall Street Journal, joined John Dickerson to discuss the unrest.
Hassan Nasrallah, the longtime leader of Iran-backed Hezbollah, was killed in an airstrike in Lebanon's capital Beirut.
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
In North Carolina alone, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage from Hurricane Helene.
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
In North Carolina, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage.
Hezbollah leader Hassan Nasrallah was killed during a massive airstrike in Beirut, Lebanon on Friday.
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
Lyle Menendez tells "48 Hours" contributor Natalie Morales, "There's just never been a case of guilt or innocence. It was always about why it happened."
California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030.
In North Carolina, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage.
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
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
In most states, those who wish to vote have more than one option that makes it easier and more convenient to register or update their registration than in past years.
This follows a bombshell report last week which found that Robinson had posted racist and sexually explicit comments online.
Despite suspending his campaign, the independent presidential candidate was fighting to have his name restored to the state's ballot.
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
Tyler Theroux was born with a brachial plexus injury that would eventually leave him depressed and in extreme pain. A complex surgery finally provided relief.
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.
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
The 60-year-old priest was questioned by the investigating judge and placed under arrest, the prosecutor's office said.
On Saturday, Pope Francis acknowledged that the abuse scandal had created "atrocious suffering and wounds," and undermined the faith.
A U.K. watchdog identified "multiple instances of misconduct" in the running of Campbell's charity Fashion for Relief.
Landslides and flooding caused by rainfall have killed at least 66 people in Nepal. Dozens of others are missing, police said Saturday.
Dame Maggie Smith, whose luminous career included two Academy Awards and a Tony, died on Friday, September 27, 2024, at age 89. In this "Sunday Morning" profile that aired January 20, 2002, correspondent Eugenia Zukerman talked with Smith about her roles, which ranged from Shakespeare's Desdemona to Harry Potter's Professor Minerva McGonagall; and about her grandmother's advice that she never appear on the stage. Zukerman also talked with "Gosford Park" director Robert Altman and producer Bob Balaban about the actress' on-screen magic.
The festival, which runs through Oct. 14, features new films starring Adrien Brody, Daniel Craig, Tilda Swinton, Julianne Moore, Saoirse Ronan, Naomi Watts and Bill Murray.
Richard Powers has been writing for decades, after a career as a computer programmer. In 2019, his nature-inspired book "The Overstory" took home a Pulitzer Prize. His newest book, "Playground," also focuses on the natural world, this time paying homage to our oceans, celebrating their beauty and raising concern for the future. Jeff Glor has more.
Author V.E. Schwab has written nearly two dozen books since making her debut in 2011. Her novels feature modern characters and twisty plots, and are helping redefine the fantasy genre. Dana Jacobson has more.
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 SpaceX Falcon 9 rocket blasted off from Cape Canaveral, Florida, on Saturday with a NASA astronaut and a Russian cosmonaut aboard a Crew Dragon capsule that normally carries four. That is because the Crew Dragon's two empty seats will be used to give two Boeing Starliner astronauts a ride back to Earth next February. Butch Wilmore and Suni Williams were part of Boeing's first crewed test flight of its Starliner, and though it got them to the International Space Station back in June, problems with its propulsion system prompted NASA to look for another ride. Manuel Bojorquez reports.
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.
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.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
In this episode of "Climate Watch: Protecting the Planet," CBS News senior environmental correspondent Ben Tracy speaks to scientists and experts about the growing number of critically endangered plants and animals and how humans can help.
The author revisits his 2000 bestseller "The Tipping Point," to examine the flip side of that earlier book's lessons about studying social change. Among the topics he covers: Cheetah reproduction.
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.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
Lyle Menendez tells "48 Hours" contributor Natalie Morales, "There's just never been a case of guilt or innocence. It was always about why it happened."
Kendy Howard was found dead in her bathtub. While dispatched as a suicide, clues at the scene made Kootenai County authorities suspicious.
Darien Urban, 21, and Shalene Ehlers, 20, the baby's parents were arrested after they allegedly tried to sell their 2-month-old baby because having three dogs and an infant was "not working."
A search was underway for the suspects, national police spokesperson Brig. Athlenda Mathe said in a statement regarding the two mass shootings in South Africa.
Crew Dragon's two astronauts will join two Starliner fliers for a five-month tour of duty aboard the International Space Station.
Later today, the SpaceX Dragon spacecraft is set to launch a crewed mission to the International Space Station. The craft is also set to bring back the two astronauts who have been waiting for a ride home since June.
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.
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?
Actor, producer and director Zoë Kravitz sits down with Michelle Miller to discuss her directorial debut with the film "Blink Twice." Then, Martha Teichner meets Philippe Petit, the French high-wire artist who walked across a high wire strung between the Twin Towers 50 years ago. "Here Comes the Sun" is a closer look at some of the people, places and things we bring you every week on "CBS Sunday Morning."
Did a former Idaho state trooper use his law enforcement skills to stage his wife’s death in their bathtub? "48 Hours" correspondent Peter Van Sant reports.
A SpaceX Falcon 9 rocket blasted off from Cape Canaveral, Florida, on Saturday with a NASA astronaut and a Russian cosmonaut aboard a Crew Dragon capsule that normally carries four. That is because the Crew Dragon's two empty seats will be used to give two Boeing Starliner astronauts a ride back to Earth next February. Butch Wilmore and Suni Williams were part of Boeing's first crewed test flight of its Starliner, and though it got them to the International Space Station back in June, problems with its propulsion system prompted NASA to look for another ride. Manuel Bojorquez reports.
The Harris campaign is rolling out a new ad Saturday night during the Alabama-Georgia football game, which former President Donald Trump is attending, calling on him to commit to a second debate. Nikole Killion reports from Tuscaloosa.
President Biden on Saturday called the killing of Hezbollah leader Hassan Nasrallah in an Israeli airstrike on Beirut a "measure of justice," saying that under Nasrallah's leadership, Hezbollah was "responsible for killing hundreds of Americans over a four-decade reign of terror." Charlie D'Agata reports from the Pentagon.