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The U.S. stock market ended the week strong despite fears brought on by the latest spiking inflation numbers. John Leer, chief economist for Morning Consult, joined CBS News to discuss what's driving U.S. stocks and what to expect at the upcoming Federal Reserve meeting.
Investors were cheered by new data on strong consumer spending, but worries remain about the impact of high inflation.
Inflation is pushing many Americans past their financial limits. Adriana Diaz met one family that's taking out high-interest loans to pay for gas to get their daughter to her cancer treatments.
Washington Post economics correspondent Rachel Siegel joined CBS News' Tanya Rivero and Elaine Quijano to discuss the latest market updates.
"Growth fears are hitting the markets harder than inflation concerns," said one analyst.
Inflation hit a fresh 40-year record in June, with consumer prices increasing 9.1% . It's the fastest increase in prices since November 1981, and above what economists had expected. Nancy Chen reports.
According to the Labor Department, inflation hit a fresh 40-year record last month with consumer prices increasing 9.1% over the last 12 months. CBS News correspondent Nancy Chen reports on how rising prices are affecting people across the country. Then, Joe Brusuelas, principal and chief economist for RSM, joins CBS News' John Dickerson to discuss the latest numbers.
Consumers are getting less for their money as products get smaller and prices stay the same. Carter Evans has more on "shrinkflation."
Inflation surged to a 41-year high, with the Consumer Price Index showing Americans paid more last month for just about every necessity from gas prices to rent. Nancy Chen takes a look.
U.S. inflation hits 41-year high; Statue of civil rights leader replaces Confederate statue at U.S. Capitol
The inflation rate hit a 40-year record in June, with the consumer price index increasing by 9.1% over the last 12 months, according to the U.S. Department of Labor. Jeff Mason, a White House correspondent for Reuters, and Colby Smith, a U.S. economics editor for the Financial Times, join "Red and Blue" to discuss the June inflation report.
Inflation hits highest rate in 40 years; Rise in Los Angeles COVID cases
The Fed has tried to ease inflation by raising interest rates, but that move is also shutting some would-be home buyers out of the housing market. New York Times Federal Reserve and economy reporter Jeanna Smialek explains how the Fed's actions are putting more pressure on renters.
June inflation was higher than expected, at 9.1%. That could set up seniors for the biggest payment boost since 1981.
Republicans criticized President Joe Biden after new data revealed that inflation surged to a 41-year high last month. CBS News' Tanya Rivero and Elaine Quijano assess the current state of the U.S. economy with reporter Sarah Ewall-Wice.
Across the board, Americans are paying more for everything, including housing, groceries and gas, according to new government data. CBS News' Tanya Rivero and Elaine Quijano spoke with Wall Street Journal economics reporter Gwynn Guilford about the state of the economy and how the Federal Reserve may react.
The U.S. Department of Labor's latest CPI report shows prices in June rose 9.1% from last year, marking the largest year-over-year increase since 1981. CBS News' Sarah Ewall-Wice shares more about what this could mean for the economy.
June may have been an even hotter month for inflation than in previous months. Inflation could rise again in the latest CPI report, but economists say it might begin to cool off. President of Sevens Report Research Tom Essay joins CBS News Mornings to talk about what to expect.
The war in Ukraine is having a major impact on food and fuel supplies worldwide. William Taylor, former U.S. ambassador to Ukraine, joined John Dickerson to discuss the situation.
CBS News business analyst Jill Schlesinger joined Anne-Marie Green and Vladimir Duthiers to discuss the ongoing recession fears amid a strong job market and offered tips on how to save money despite economic uncertainty.
With inflation at a 40-year high, and the Federal Reserve raising interest rates, many financial experts warn of an economic slowdown. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss how to protect your finances during this uncertain time.
Major stock indexes dropped Monday but Mark Hamrick, senior economic analyst at Bankrate, says the market is still rallying from losses earlier in the year and discusses why a recent inflation expectations report could be a good sign for the Federal Reserve.
The findings come as Americans continue to struggle with higher inflation.
Americans are seeing a significant price increase for essential items, hitting a 40-year high. Sarah Foster, an analyst for Bankrate.com, joins "CBS News Mornings" to discuss how Americans can combat the rise in the cost of goods.
Two commonly-accepted aspects of economics that determine prices are supply and demand. But some say a third factor is companies exploiting our present chaos, stirred by war and pandemic, in the pursuit of increased profits.
As Israel and Hezbollah cease fire after a year, President Biden says Palestinians in war-torn Gaza also "deserve an end of the fighting and displacement."
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
President Biden has been briefed on the incidents and "unequivocally" condemns threats of political violence, the White House said.
Donald Trump's proposed tariffs on Canada could increase U.S. gas prices by up to 70 cents a gallon, energy experts say.
A ban on transgender students from kindergarten through college using multiperson bathrooms that fit their gender identities has become law in Ohio.
Keith Kellogg, a retired lieutenant general, served as national security adviser to former Vice President Mike Pence.
The vast majority of the critically endangered Florida panthers have died after being struck by vehicles, including five in the past month.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Donald Trump's proposed tariffs on Canada could increase U.S. gas prices by up to 70 cents a gallon, energy experts say.
Former Sen. Bob Menendez, a Democrat from New Jersey, was convicted of 16 felony counts in July.
The vast majority of the critically endangered Florida panthers have died after being struck by vehicles, including five in the past month.
Keith Kellogg, a retired lieutenant general, served as national security adviser to former Vice President Mike Pence.
Experts share tips on how families preparing for Thanksgiving can take steps to cut down on the amount of food wasted during the holiday season.
Donald Trump's proposed tariffs on Canada could increase U.S. gas prices by up to 70 cents a gallon, energy experts say.
Consumers are expected to open their wallets this holiday season, with these children's toys high on the list.
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
23andMe CEO Anne Wojcicki talks to "CBS Mornings" co-host Gayle King about the company's recent struggles, welcoming employee feedback and her vision for the future of the genetic-testing and ancestry-tracing company.
Former Sen. Bob Menendez, a Democrat from New Jersey, was convicted of 16 felony counts in July.
Keith Kellogg, a retired lieutenant general, served as national security adviser to former Vice President Mike Pence.
President Biden has been briefed on the incidents and "unequivocally" condemns threats of political violence, the White House said.
The Trump transition team has yet to sign key agreements with the Justice Department or General Services Administration, White House officials say.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Why is Thanksgiving traditionally associated with turkey and other specific foods? We asked a history expert why we eat what we do on the holiday.
If you're looking forward to a delicious — and safe — Thanksgiving dinner with loved ones, here's how to cook your turkey and keep your leftovers safely.
A federal panel has been meeting for months to draft recommendations.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
Police in the Balkans arrested 11 alleged members of a criminal syndicate responsible for smuggling cocaine from South America to Europe, officials said.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Australia's House of Representatives has passed a bill that would ban children under the age of 16 from using most social media platforms.
As Israel and Hezbollah cease fire after a year, President Biden says Palestinians in war-torn Gaza also "deserve an end of the fighting and displacement."
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
Members of the iconic band, the Grateful Dead, reflected on the impact bandmate Phil Lesh had on their lives and said they had hoped to play together again.
Iconic band The Grateful Dead, is remembering one of the band's original members, Phil Lesh, who died in October at 84 years old. The surviving original members of the band credit Lesh for the impact he made in each of their lives and revealed they were hoping to play together one more time.
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
Irish band The Script continues to inspire with hits like "Hall of Fame," while moving forward after the loss of guitarist Mark Sheehan. Danny O'Donoghue talks to Natalie Morales about the band's journey, and how boxing helps him cope.
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.
Australia's House of Representatives has passed a bill that would ban children under the age of 16 from using most social media platforms.
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.
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.
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.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
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.
Police in the Balkans arrested 11 alleged members of a criminal syndicate responsible for smuggling cocaine from South America to Europe, officials said.
Daniel Andreas San Diego, a suspect in in two 2003 northern California bombings, was arrested in the U.K. this week. San Diego, who had been one of the FBI's most wanted terror suspects, now faces extradition.
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially valuable but vulnerable species.
An Australian police officer who Tasered 95-year-old great-grandmother Clare Nowland in her care home has been found guilty of manslaughter.
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.
The 2024 Macy's Thanksgiving Day Parade balloons are coming to life. CBS News New York's Jessica Moore reports on the preparations.
There are several things to consider before buying a home with someone else. NerdWallet's Holden Lewis joins CBS News with some tips to keep in mind when making a purchase.
Officials are investigating threats made against several of President-elect Donald Trump's appointees. CBS News' Nicole Sganga has the latest news on those impacted.
Some Lebanese residents are returning to their homes despite warnings to wait until the ceasefire deal's terms take effect in the coming days. CBS News' Debora Patta has the latest and Robert Berger breaks down the tense wait to see if fighting resumes.
The FBI is investigating several threats apparently made against some of President-elect Donald Trump's Cabinet picks. CBS News' Katrina Kaufman has more on the type of threats being reported.