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The Bureau of Labor Statistics says September's consumer prices rose 8.2% compared to a year ago, with food, rent and other items driving inflation. Ben Levisohn, a deputy editor at Barron's joined John Dickerson on "Prime Time" to discuss the latest CPI report.
Inflation remains near a record high, and it shows no signs of slowing. The consumer price index for September was up 8.2% compared to a year ago. Nancy Cordes has the details.
Social Security benefits will increase by 8.7% next year — the biggest rise in more than forty years. However, the move is fueled by record-high inflation. CBS News MoneyWatch reporter Aimee Picchi discusses how this will impact Americans' wallets.
Consumer prices rose again in September despite the Federal Reserve's attempts to drive down inflation. CBS News' Errol Barnett and Lana Zak speak with Diane Swonk, chief economist at KPMG U.S., about how the latest data could impact the Fed's next rate hike decision.
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
The September Consumer Price Index shows prices rose 8.2% over the last year, and increased 0.4% between August and September. Gargi Chaudhuri, head of iShares Investment Strategy Americas at BlackRock, and CBS News senior White House and political correspondent Ed O'Keefe joined Tanya Rivero and Nancy Chen to discuss the impact of these numbers on the U.S. economy.
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
National Savings Day is the perfect time to take stock of your personal finances. CBS News’ Errol Barnett and Meg Oliver spoke with Kimberly Palmer, a personal finance expert with NerdWallet, about the best ways to manage your hard-earned savings.
The striking oil workers want a pay rise, arguing their salaries cannot keep up with inflation that has soared to almost 6% in France.
The Federal Open Market Committee will publish Wednesday the minutes from its September meeting as well as its economic forecast. Also, President Biden said he doesn't think there will be a recession during his CNN interview Tuesday night. Yahoo Finance senior columnist Rick Newman joined "CBS News Mornings" to discuss.
Recession risks are rising amid "historic fragility" in the global economy, the agency's managing director said.
While the U.S. added 263,000 jobs in September, economists are bracing for the next Consumer Price Index report, due out this week, which gives a snapshot of inflation. Javier David, managing editor of business and markets at Axios, joins "CBS News Mornings" to discuss the latest economic news and what to expect from the markets this week.
Mohamed El-Erian, Allianz Chief Economic Adviser, said the " main drivers of inflation and how broad they are is still going up." He joins "Face the Nation" to discuss the "unsettling volatility" of the market right now.
The latest jobs report is fueling fears that a big interest rate hike is likely, as the Federal Reserve tries to aggressively fight inflation. Business analyst Jill Schlesinger breaks down the report.
The stock market tumbled Friday after a stronger-than-expected September jobs report, creating fears among investors that it could lead to yet another rate hike by the Federal Reserve. Colby Smith, U.S. economics editor for the Financial Times, joined Catherine Herridge to discuss what the report could mean to the U.S. economy.
Cost of U.S. flights around the Thanksgiving holiday is up roughly 25% compared with last year, booking data shows.
The September jobs numbers showed a slight slowdown in hiring. The latest numbers come as the Federal Reserve weighs its next steps to try to tame inflation. According to the Labor Department, 263,000 jobs were added last month. The unemployment rate also fell to 3.5%. CBS News reporter Sarah Ewall-Wice has more.
A member of the Proud Boys extremist group has pleaded guilty to seditious conspiracy charges in connection with the Jan. 6 Capitol riot. Jeremy Bertino faces up to 63 months in prison. A 430-foot tall Orlando amusement park ride is being taken down after a 14-year-old boy’s fatal fall from it in March. And all eyes are on the new monthly jobs report for its possible influence on the Federal Reserve’s fight against inflation.
It now costs nearly $100 to fill up a mid-size car with gas in California. Though gas prices are rising amid the decision by OPEC+ to cut 2 million barrels of oil per day, California prices have little to do with it. Jonathan Vigliotti takes a look.
Some older Americans are cutting back on food, medicine and other basics. An annual Social Security bump may not be enough.
More Americans filed for jobless aid last week as layoffs jumped, showing the Fed's rate hikes are taking a toll.
Californians dealing with the rising cost of gas will start to see some financial relief starting Friday. CBS News correspondent Jonathan Vigliotti explains who is eligible for a gas tax rebate.
Apple farmers say they're struggling to grow and sell the fall fruit due to inflation and labor shortages.
Nation is edging closer to statutory debt ceiling of $31.4 trillion. "We are addicted to debt," one expert said.
The races for Arizona's new governor, senator and secretary of state are heating up, with just five weeks until election day. New CBS polling shows inflation and the economy are top voter priorities, while election security and abortion are still top of mind for candidates. Ed O'Keefe reports from Tempe.
Israel and the Iran-backed group Hezbollah have apparently reached a ceasefire to end their year-long war in Lebanon.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
Tom Homan and Texas Gov. Greg Abbott will be serving meals to troops stationed as part of Operation Lone Star.
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
This may be the first Thanksgiving for millions of Americans who are on GLP-1 agonists like Ozempic, Zepbound or Wegovy.
John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.
Australia's Macquarie Dictionary picks "ens***tification" as its word of 2024, tapping into a sense that digital services are getting worse as companies prioritize profits.
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
Southwest Airlines gears up for record-breaking Thanksgiving travel, coordinating thousands of flights daily to ensure millions of passengers reach their destinations.
Tom Homan and Texas Gov. Greg Abbott will be serving meals to troops stationed as part of Operation Lone Star.
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Southwest Airlines gears up for record-breaking Thanksgiving travel, coordinating thousands of flights daily to ensure millions of passengers reach their destinations.
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Tom Homan and Texas Gov. Greg Abbott will be serving meals to troops stationed as part of Operation Lone Star.
Warnings have been popping up on social media urging women who might be considering divorce to "pull the trigger" while they still have the option of no-fault divorce.
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
This may be the first Thanksgiving for millions of Americans who are on GLP-1 agonists like Ozempic, Zepbound or Wegovy.
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
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.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
Israel and the Iran-backed group Hezbollah have apparently reached a ceasefire to end their year-long war in Lebanon.
The U.S. Air Force says more unexplained drones have been sighted near major British military bases used by American forces.
Australia's Macquarie Dictionary picks "ens***tification" as its word of 2024, tapping into a sense that digital services are getting worse as companies prioritize profits.
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in the hit CBS comedy "Ghosts," where she plays a spirited 1920s jazz singer with plenty of sass.
From Emmy wins to Oscar nods, Colman Domingo reflects on his career and dives into his latest role in Netflix's "The Madness."
Brittney Griner and her wife Cherelle welcomed their son, Bash, in July. Now, they're sharing adorable family photos and looking ahead to their first Christmas together.
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
"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.
British phone company Virgin Media O2 has developed an AI-generated grandmother to talk to scammers all day and waste their time so you don't have to. CBS News Confirmed executive producer Melissa Mahtani has more on the "grandma" and how you can protect yourself from phone scams.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
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.
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 said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
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.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
A hearing for Erik and Lyle Menendez, brothers convicted of killing their parents more than three decades ago, was postponed Monday after technical issues with the brothers' virtual appearance. The family of the brothers are asking a judge to reduce their sentences of life without parole.
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
A California judge on Monday delayed his decision on whether to resentence the Menendez brothers until January. In October, the outgoing Los Angeles district attorney requested a judge reconsider Lyle and Erik's sentences for the 1989 murders of their parents after new evidence was introduced. CBS News correspondent Elise Preston 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.
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
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.
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.
Israeli Prime Minister Benjamin Netanyahu has announced that he will bring his security cabinet a proposal for a ceasefire deal between Israel and the Hezbollah militant group backed by Iran. CBS News contributor Robert Berger has more.
All eyes are on the White House as news emerges of an imminent ceasefire deal between Israel and Hezbollah to stop fighting in Lebanon. CBS News' Scott MacFarlane has more on the U.S. reaction to the potential development.
The White House is awaiting the announcement of a potential ceasefire deal between Israel and the Hezbollah militant group to end the war in Lebanon. CBS News' Scott MacFarlane has more on the role of the U.S. and France in the deal negotiations.
New England Patriots star Marcus Jones has become an NFL record-breaker. But in the off-season, he channels his creativity as a part-time recording artist.
President-elect Donald Trump's Border Czar pick, Tom Homan, is in Texas Tuesday for a visit to the southern border with Gov. Greg Abbott. CBS News immigration reporter Camilo Montoya-Galvez has more.