Gas hits new high as prices continue to climb
Gas prices hit a record high Tuesday as President Biden is set to announce new plans to fight inflation. Nancy Cordes reports from the White House.
Inflation
5/10: CBS News Mornings
Alabama inmate captured in Indiana; Queen Elizabeth not opening UK Parliament.
U.S. stocks sink on inflation concerns
The stock market continued its downward trend Monday, as Americans face the highest inflation in decades. John Leer, chief economist for Morning Consult. joins Elaine Quijano on CBS News to discuss.
Spike in gas prices causing widespread price hikes
Gas prices are now 46% higher than they were at this time last year. For diesel, the situation is especially dire -- the price of diesel gas is up 78% over the past year. Carter Evans reports.
Mortgage rates at highest level since 2009
Mortgage rates in the U.S. are at their highest level since 2009. The average for a 30-year loan jumped a tenth of a percent last week to 5.2%. Mike Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association, joined CBS News' Tony Dokoupil and Tanya Rivero to discuss.
Ukraine war contributes to rising wheat prices
Both Ukraine and Russia are major exporters of wheat, and as a result of the war Ukraine, prices worldwide have increased. Joseph Glauber, senior research fellow at the International Food Policy Research Institute and former USDA chief economist, joins CBS News to explain the changes consumers are seeing and how countries are responding.
Job growth holds steady in April despite rising inflation
The U.S. labor market had an impressive month in April despite surging inflation. Wall Street Journal reporter Akane Otani joined Meg Oliver to discuss what the new job numbers could mean the economy's future.
Fed ups interest rates to battle record inflation
With the Federal Reserve introducing the steepest interest rate increase since 2000, prospective home owners are struggling to adjust. U.S. housing prices are up nearly 40% since March 2019, forcing many Americans out of their communities. Mark Strassmann has more.
Higher costs in the United Kingdom amid
Rising costs in the United Kingdom have compelled officials to hike up interest rates. CBS News contributor Simon Bates describes how British people are dealing with surging prices in this week's edition of "London Calling."
Jobs report shows strong gains in April
The U.S. economy remains strong despite rising inflation. But not everyone is feeling the economic boom. Carter Evans reports.
April jobs report is "good news" for economy
Wendy Edelberg, director of The Hamilton Project and senior fellow at Brookings, joins CBS News at the closing bell Friday to discuss what's driving the market. She also explains why she thinks the April jobs numbers are a good sign for the U.S. economy.
Stocks plummet after interest rate hike
The Dow, Nasdaq and S&P plummeted Thursday as investors worry that the Federal Reserve's plan to fight inflation could slow the economy. CBS News business analyst Jill Schlesinger explains the volatility.
MoneyWatch: Markets tumble after rate hike
Stock markets tumbled a day after the Federal Reserve announced an interest rate hike to combat inflation. Gargi Chaudhuri, head of iShares Investment Strategy, Americas at Blackrock, joins CBS News' Tanya Rivero and Mola Lenghi to break down the trading day and the Fed's decision.
Overall health of the U.S. economy
The Dow Jones dropped Thursday following the release of the weekly jobless numbers and the Federal Reserve announcing a 0.5% interest rate hike as part of its ongoing effort to combat rising inflation. Frances Stacy, the director of portfolio strategy at Optimal Capital, joins CBS News to discuss the overall health of the U.S. economy.
Democrats face challenges on abortion, economy
President Biden is facing concerns over jobs, the economy and inflation as well as the leak of a Supreme Court draft opinion indicating Roe v. Wade may soon be overturned. CBS News senior White House and political correspondent Ed O'Keefe joins Vladimir Duthiers and Anne-Marie Green with the latest.
MoneyWatch: Impact of interest rate hike
The Federal Reserve announced its biggest interest rate increase in over 20 years. The 0.5% increase is in response to high levels of inflation in America. Ajay Rajadhyaksha, Global Chairman of Research at Barclays, joins "CBS News Mornings" to discuss the impact it will have on Americans and the motivations behind the Fed's move.
Fed raises interest rates
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the Federal Reserve raising interest rates to combat high inflation. She explains when prices may finally drop and what this means.
5/5: CBS News Mornings
Federal Reserve hikes interest rate by 0.5%; Comedian Dave Chappelle attacked on stage
Fed hikes interest rates to fight inflation
The fed is trying to tame skyrocketing inflation by hiking interest rates. That includes mortgage rates, which have jumped to over 5% from the start of this year. Nancy Chen reports.
5/4: Red and Blue
Federal Reserve raising interest rates; Hawaii lawmakers pass bill to raise minimum wage
Federal Reserve raises interest rates
The Federal Reserve has raised interest rates by half a percentage point. Megan Greene, global chief economist for the Kroll Institute, joined CBS News' Tanya Rivero and Mola Lenghi to discuss the Fed's decision.
Bank of America CEO on inflation, Fed meeting
Bank of America CEO and Chairman Brian Moynihan joins "CBS Mornings" to discuss possible Federal Reserve steps to reduce inflation and whether he thinks America is headed for a recession.
Fed expected to raise interest rates
The Federal Reserve is expected to raise interest rates on Wednesday. Brent Schutte, a chief investment strategist for Northwestern Mutual Wealth Management Company, talks with CBS News' Mola Lenghi and Tanya Rivero about this and other developments.
Inflation to rack up wedding planning costs
As the U.S. continues to deal with record inflation and supply-chain issues, those higher costs are affecting couples getting married. Deputy Editor at The Knot Esther Lee joins "CBS Mornings" to discuss how inflation is affecting wedding planning and tips on how to save money.
Complications behind funding for Ukraine
Additional funding for Ukraine could end up tied in with money for COVID-19 and immigration. Plus, what the White House is doing to address inflation and Title 42. CBS News congressional correspondent Nikole Killion and Washington Examiner political and investigative reporter Sarah Westwood join "Red and Blue" discuss.
Israel and Hezbollah both claiming ceasefire violations on Day 2
Less than two full days into a ceasefire, Israel's military and Hezbollah were both claiming isolated breaches of the deal.
Trump says Mexican leader agrees to "effectively closing" southern border
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
Bidens spending last Thanksgiving as president on Nantucket
"Whatever bumps and bruises we were suffering, we put it all aside and celebrated Thanksgiving in Nantucket," President Biden wrote in his 2017 book "Promise Me, Dad."
1,400 tons of drugs, "narco subs" found on new Pacific trafficking route
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
Canada weighing how to retaliate if Trump imposes 25% tariffs
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
What businesses are open and closed on Thanksgiving Day?
Need to shop on Thanksgiving? Here's what stores, restaurants, and other businesses are open and closed on Turkey Day.
Chilling details emerge after Montana camper's brutal murder
Dustin Kjersem's death was initially reported as a bear attack after his girlfriend found his body in a tent on Oct. 12.
Alabama A&M says player is stable, hours after announcing his death
Linebacker Medrick Burnett Jr. sustained a head injury in an October game against Alabama State and has been hospitalized since.
Stowaway caught after getting aboard Delta flight from NYC to Paris
The woman boarded Delta Flight No. 264 from John F. Kennedy International Airport to Paris Charles de Gaulle Airport, CBS News learned. She was discovered while the plane was in midair and was taken into custody in Paris.
U.S.
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Taylor Swift's Eras Tour book hits stores Friday. Here's what to know.
Taylor Swift's Eras Tour book goes on sale Friday. Here's the only place to buy it, how much it costs and what you'll get.
Canada weighing how to retaliate if Trump imposes 25% tariffs
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
Alabama A&M says player is stable, hours after announcing his death
Linebacker Medrick Burnett Jr. sustained a head injury in an October game against Alabama State and has been hospitalized since.
How to navigate tough conversations at the Thanksgiving table
A seventh grade media literacy class in New York is learning how to have difficult but empathetic questions as they combat misinformation.
Former TV host Charlie Rose settles sexual harassment lawsuit
In settling, the three plaintiffs said they assign no "ill intent" to Rose and realize now that his conduct could be subject to interpretation.
MoneyWatch
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Taylor Swift's Eras Tour book hits stores Friday. Here's what to know.
Taylor Swift's Eras Tour book goes on sale Friday. Here's the only place to buy it, how much it costs and what you'll get.
Canada weighing how to retaliate if Trump imposes 25% tariffs
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
What businesses are open and closed on Thanksgiving Day?
Need to shop on Thanksgiving? Here's what stores, restaurants, and other businesses are open and closed on Turkey Day.
Has tipping reached a tipping point?
A November 2023 survey from the Pew Research Center found that 72% of people think tipping is expected in more places than it was five years ago.
How Trump's economic agenda could affect mortgage rates in 2025
Here's what a noted housing expert thinks will happen to mortgage rates next year as Donald Trump outlines his priorities.
Politics
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A look at Trump's campaign promise to recognize North Carolina's Lumbee Tribe
Then-candidate Donald Trump in September promised that he would sign legislation to grant federal recognition to the Lumbee Tribe.
Bidens spending last Thanksgiving as president on Nantucket, a family tradition
"Whatever bumps and bruises we were suffering, we put it all aside and celebrated Thanksgiving in Nantucket," President Biden wrote in his 2017 book "Promise Me, Dad."
Trump says Mexican leader agrees to "effectively closing" southern border
Trump's claims President Claudia Sheinbaum "agreed to stop migration through Mexico." She says she "explained" what Mexico was already doing.
Zuckerberg meets with Trump at Mar-a-Lago
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
Ex-Sen. Bob Menendez seeks new trial
Former Sen. Bob Menendez, a Democrat from New Jersey, was convicted of 16 felony counts in July.
HealthWatch
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New Mexico man awarded $412 million for botched penile injections
The man's attorneys said the punitive and compensatory damages total the largest amount to ever be awarded by a jury in a medical malpractice case in the U.S.
Why does eating turkey make you sleepy? Thanksgiving fatigue, explained.
Tired from your Thanksgiving feast? You're not alone. But is it the tryptophan in turkey that leads to our food comas? Here's what experts say.
Thanksgiving foods cats and dogs can (and can't) eat
Can cats and dogs eat turkey and other Thanksgiving foods? Here's what experts say about what is safe and not.
A toddler got a nasal swab test. So why was the bill $445?
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 we eat turkey on Thanksgiving, according to history
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.
World
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Canada weighing how to retaliate if Trump imposes 25% tariffs
A full-blown trade war between the U.S. and Canada could lead to a recession in both countries, economist says.
Doctor suspected of killing 8 patients: "Lust for murder"
"The accused appears to have had no motive for killing the people other than the act of killing itself," prosecutors said.
Tennis star Iga Swiatek gets one-month suspension in doping case
Iga Swiatek is a 23-year-old from Poland who was ranked No. 1 most of the past two seasons but is now at No. 2.
Israel and Hezbollah both claiming ceasefire violations on Day 2
Less than two full days into a ceasefire, Israel's military and Hezbollah were both claiming isolated breaches of the deal.
1,400 tons of drugs, "narco subs" found on new Pacific trafficking route
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
Entertainment
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Taylor Swift's Eras Tour book hits stores Friday. Here's what to know.
Taylor Swift's Eras Tour book goes on sale Friday. Here's the only place to buy it, how much it costs and what you'll get.
Former TV host Charlie Rose settles sexual harassment lawsuit
In settling, the three plaintiffs said they assign no "ill intent" to Rose and realize now that his conduct could be subject to interpretation.
Sean "Diddy" Combs denied bail again ahead of sex trafficking trial
Sean "Diddy" Combs' lawyers again asked the rapper be released on bond ahead of his trial, but the request was denied.
Grateful Dead remembers band member Phil Lesh
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.
Grateful Dead bandmates remember Phil Lesh
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.
Technology
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Zuckerberg meets with Trump at Mar-a-Lago
The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with President-elect Donald Trump.
Australian parliament approves law to ban under-16s from social media
Australia's full legislature has now passed a bill that will soon ban children under the age of 16 from using most social media platforms.
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.
AI grandma tool helps fend off phone scams
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 impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Science
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NASA shows off image of U.S. military's abandoned "city under the ice"
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.
Divided U.N. negotiations for plastic treaty
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.
Honolulu hopes to identify long-unclaimed bodies with advanced DNA testing
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.
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.
Crime
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Doctor suspected of killing 8 patients: "Lust for murder"
"The accused appears to have had no motive for killing the people other than the act of killing itself," prosecutors said.
Chilling details emerge after Montana camper's brutal murder
Dustin Kjersem's death was initially reported as a bear attack after his girlfriend found his body in a tent on Oct. 12.
1,400 tons of drugs, "narco subs" found on new Pacific trafficking route
More than 400 people were arrested in the operation targeting oceans, coasts, rivers and ports around the globe in October and November.
Sean "Diddy" Combs denied bail again ahead of sex trafficking trial
Sean "Diddy" Combs' lawyers again asked the rapper be released on bond ahead of his trial, but the request was denied.
Accused "Pink Panthers" member among 11 nabbed in cocaine bust
Police in the Balkans arrested 11 alleged members of a criminal syndicate responsible for smuggling cocaine from South America to Europe, officials said.
Space
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Webb telescope captures stunning new image of the "Sombrero galaxy"
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
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.
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
Giving thanks for a special home in America
This Thanksgiving, CBS News New York's Jessi Mitchell introduces us to a family who is spending their holiday giving thanks to not only their family, but the special place they call home.
Inside the real history of Thanksgiving
Historian Kenneth C. Davis, the bestselling author of "Don't Know Much About History" and "The World in Books," joined "CBS Mornings Plus" to discuss the history behind Thanksgiving and some of the traditions that go along with the holiday.
"Mornings Memory": Harvesting cranberries
Thanksgiving isn't complete without a side of cranberries, but it's pretty tough work to harvest them. That's what a CBS News crew discovered on this day in 2002.
Pro Volleyball Federation's Whitney Bower
Atlanta Vibe setter Whitney Bower, 23, joined "CBS Mornings Plus" to discuss the upcoming second season of the Pro Volleyball Federation and the draft of collegiate players held earlier this week.
Trump memorandum of understanding with DOJ
Officials with the Biden administration said Tuesday that President-elect Donald Trump's transition team has yet to agree to terms on a memorandum of understanding with the Justice Department, which will allow for the processing of security clearance requests. CBS News national security contributor Samantha Vinograd has more.