Despite soaring inflation, some things are getting cheaper
Consumer prices are rising at their fastest clip in decades, but a handful of products have gotten less expensive.
Consumer prices are rising at their fastest clip in decades, but a handful of products have gotten less expensive.
Financial markets dropped after this morning's Consumer Price Index report indicated a larger-than-expected rise in inflation. Steve Odland, CEO of The Conference Board and former CEO of Office Depot and AutoZone, joins CBS News' Tanya Rivero and Nikki Battiste to discuss inflation rates as well as the results of The Conference Board's latest survey of CEO confidence.
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
Consumer prices have surged 7.5% over the last year as higher fuel, food and shelter costs put the squeeze on consumers.
Restaurant chain is paying more for beef, avocados and freight — and passing those costs on to consumers.
Inflation and supply-chain problems are making it more expensive to show your love this year.
From Tide detergent to your morning coffee, these everyday products are about to cost more thanks to inflation.
Prices at fast-food restaurants jumped 8% last year. But corporate profits are also getting a bump through higher menu charges.
Hunger-relief groups also are paying more for milk, eggs and other staples needed by families who can't afford them.
Consumer prices and employer costs are rising at their fastest pace in decades, as Fed moves to douse inflation.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Markets tumbled in early trade amid mounting concerns about rising U.S. inflation and conflict between Russia and Ukraine.
In MoneyWatch, a new survey conducted by Goldman Sachs 10,000 Small Businesses Voices initiative reveals that 79% of small business owners are concerned about the ongoing pandemic while 13% say they have been forced to temporarily close or scale back operations during the pandemic. Joe Wall, national director for Goldman Sachs 10,000 Small Businesses Voices, joins CBS News to discuss.
Thursday marks President Biden's first year in office. CBS News political contributor Joel Payne and Steve Hayes, co-founder, CEO and editor of The Dispatch, share their analysis on how the president is doing and what Republicans and Democrats need to do this year to tackle their agendas.
New federal inflation data shows consumer prices soared over the last year, affecting everything from gas to food. Inflation rose 7% since December 2020 — the fastest in nearly 40 years. Many shoppers are also noticing empty shelves at their grocery stores, due to severe weather and rising COVID-19 cases. Scott MacFarlane reports from Bethesda, Maryland.
The pandemic has made it even more difficult for experts to predict job growth. Josh Mitchell, a staff reporter with the Wall Street Journal, joins Elaine Quijano on CBSN's "Red & Blue" to explain why.
The Biden administration is focused on improved unemployment numbers as Americans still feel the impacts of inflation. Plus, the U.S. Court of Appeals ruled against former President Trump, who is trying to block the House January 6 committee from accessing White House documents. CBS News senior Washington correspondent Major Garrett, Wall Street Journal Capitol Hill reporter Siobhan Hughes and Politico congressional reporter Nicholas Wu join CBSN's "Red & Blue" anchor Elaine Quijano with the details.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the stock market's drop upon news that the Fed could end some emergency COVID measures sooner than expected. Plus, what the newly-identified Omicron COVID-19 variant is doing to the economy.
Macy's CEO Jeff Gennette joins "CBS Mornings" to discuss the impact of staffing shortages, inflation and supply chain problems this holiday shopping season.
The Labor Department said inflation has hit a 31-year high, with prices rising at more than double the rate seen in recent decades. This comes as supply shortages continue across the country. Nancy Cordes reports from the White House.
President Biden's agenda polls higher than he does; New Zealand Prime Minister Ardern's toddler crashes livestream
The U.S. Labor Department reports that the cost of consumer goods has increased 6.2% compared a year ago. CBS News reporter Sarah Ewall-Wice joins CBSN "Red and Blue" anchor Elaine Quijano to break it down.
Supply chain problems across the country could cause havoc for people's holiday plans. Meg Oliver finds out why shoppers may want to hit the grocery store soon to prepare for Thanksgiving, and Jill Schlesinger tells us how long we can expect to see inflated prices.
President Biden and congressional Democrats say they are close to a deal on their massive plan to fund social programs. Plus, lawmakers could vote to pass their bipartisan infrastructure bill this week. CBS News congressional correspondent Nikole Killion, Politico national political correspondent Meridith McGraw and Washington Post national political reporter Eugene Scott join CBSN's "Red & Blue" anchor Elaine Quijano with the latest.
Sen. JD Vance and Democratic Gov. Tim Walz are facing off tonight in the CBS News vice presidential debate in New York.
Explosions were heard over Tel Aviv and Jerusalem but there were no reports of Israeli deaths. A U.S. official said the attack was "effectively defeated."
President Biden said Monday there were reports that 600 people were unaccounted for after Hurricane Helene.
The first and likely only vice presidential debate between Sen. JD Vance and Gov. Tim Walz will be held at the CBS Broadcast Center.
John Amos was best known for his roles in "Roots" and the 1970s sitcom "Good Times."
Police said two suspects were killed after opening fire on a boulevard in the Jaffa neighborhood in southern Tel Aviv.
Thousands of dockworkers walked off the job at ports along the East and Gulf Coasts seeking higher pay and better job security in the face of automation.
Claudia Sheinbaum's presidential victory came 70 years after women won the right to vote in Mexico.
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
Amit Patel, who is serving 6 1/2 years, filed a lawsuit claiming that FanDuel ignored its own responsible gambling and anti-money laundering protocols.
Sen. JD Vance and Democratic Gov. Tim Walz are facing off tonight in the CBS News vice presidential debate in New York.
The first and likely only vice presidential debate between Sen. JD Vance and Gov. Tim Walz will be held at the CBS Broadcast Center.
Thousands of East and Gulf Coast dockworkers are on strike and demanding higher pay. Here's how much they earn.
AM Radio for Every Vehicle Act would require AM radios in electric vehicles, even though automakers claim electric motors interfere with the signal.
Thousands of East and Gulf Coast dockworkers are on strike and demanding higher pay. Here's how much they earn.
AM Radio for Every Vehicle Act would require AM radios in electric vehicles, even though automakers claim electric motors interfere with the signal.
Dockworkers are walking picket lines at major East and Gulf coast ports, with consumers likely to feel the impact in coming weeks should it continue.
The company's nonprofit arm is partnering with local organizations to place displaced residents in free housing on a short-term basis.
CVS said it is cutting 2,900 workers, or about 1% of its workforce, as part of an effort to reduce costs by $2 billion.
Sen. JD Vance and Democratic Gov. Tim Walz are facing off tonight in the CBS News vice presidential debate in New York.
The first and likely only vice presidential debate between Sen. JD Vance and Gov. Tim Walz will be held at the CBS Broadcast Center.
CBS News visited Plains, Georgia, for an inside look at the political outsider's security detail on his 100th birthday.
CBS News' Norah O'Donnell and Margaret Brennan are moderating Tuesday's vice presidential debate in New York.
Recent polls show Kamala Harris' advantage over Donald Trump among Latinos is smaller than Joe Biden's was in 2020.
Gov. Tim Walz signed a law in 2020 that goes further to cut costs than other state laws. Now, former President Donald Trump and Vice President Kamala Harris are vying for support from people with diabetes.
The vast majority of hospice patients choose to receive care at home, like 98-year-old Joan Prum of Connecticut — and former President Jimmy Carter.
Hurricane Helene's massive rains and flooding is a major health and safety risk for residents exposed to potential waterborne illnesses and other dangers.
"Galaxy Gas" is a new spin on an old drug — nitrous oxide, also known as laughing gas or "whippets" — and it's taken over social media.
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.
Claudia Sheinbaum's presidential victory came 70 years after women won the right to vote in Mexico.
Police said two suspects were killed after opening fire on a boulevard in the Jaffa neighborhood in southern Tel Aviv.
Explosions were heard over Tel Aviv and Jerusalem but there were no reports of Israeli deaths. A U.S. official said the attack was "effectively defeated."
Sony's PlayStation Network went down, frustrating gamers around the world who complain they weren't able to sign in to their accounts.
A U.S. official says Iran could be about to fire missiles at Israel, as Israel announces "limited, localized" operations against Hezbollah in Lebanon.
John Amos was best known for his roles in "Roots" and the 1970s sitcom "Good Times."
Rivers Cuomo and Patrick Wilson, the two remaining original members, revisited their 1994 debut album as part of their "Voyage to the Blue Planet" tour.
The Emmy-winning comedian and former "SNL" star joins "CBS Mornings" to discuss her first book, "The Millicent Quibb School of Etiquette for Young Ladies of Mad Science," a young readers' adventure about three sisters and a mad scientist.
Nearly 25 years after "The Tipping Point" became a cultural phenomenon, Malcolm Gladwell returns with his latest work, "Revenge of the Tipping Point."
Weezer's debut album, known for hits like "The Sweater Song" and "Buddy Holly," is now 30 years old. The band reflects on their breakthrough success and how the album continues to resonate with fans decades later.
AM Radio for Every Vehicle Act would require AM radios in electric vehicles, even though automakers claim electric motors interfere with the signal.
Sony's PlayStation Network went down, frustrating gamers around the world who complain they weren't able to sign in to their accounts.
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.
Verizon customers reported their mobile phone service was down in cities across the U.S., giving them only SOS mode.
Aerospace engineer Emily Calandrelli joins "CBS Mornings Plus" to discuss how planes remain in the air, despite some scientific uncertainty. She also reveals details about her space-bound adventure and her "Stay Curious" book series.
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.
Arthur "Jack" Schubarth allegedly used tissue and testicles from large sheep hunted in Central Asia and the U.S. to create hybrid sheep for captive trophy hunting.
Ryan Wesley Routh, the suspect who allegedly plotted an assassination attempt in Florida against former President Donald Trump, pleaded not guilty to five counts against him Monday. CBS News' Cristian Benavides has the latest after Routh's court appearance.
New York City Mayor Eric Adams is asking a judge to dismiss one of the five federal corruption charges against him.
Two Czech brothers allegedly ran a gang that forced 16 people into modern slavery, working at a McDonald's and other businesses in the U.K.
The city on the border with Arizona has suffered years of violence between drug cartels fighting for control of the border crossing.
Researchers used observations from the Webb Telescope to identify carbon dioxide and hydrogen peroxide on the surface of Charon, Pluto's largest moon.
A SpaceX Crew Dragon spacecraft caught up with the International Space Station and moved in for docking Sunday.
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
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
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.
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?
Minnesota Gov. Tim Walz has faced criticism for his response to the public unrest in his state after George Floyd's murder in Minneapolis in 2020. CBS News Confirmed mapped out how long it took Walz to bring in the National Guard during the outrage. CBS News Minnesota reporter Jennifer Mayerle explains the findings.
Former President Donald Trump reacted to the Iran launching missiles toward Israel, an attack that Israeli Prime Minister Benjamin Netanyahu called a failure. CBS News congressional correspondent Nikole Killion reports on Trump's reaction ahead of the vice presidential debate.
Typically, debates are held in battleground or key primary states. Ohio Sen. JD Vance and Minnesota Gov. Tim Walz will face off in the only scheduled vice presidential debate, hosted by CBS News, on Tuesday night in New York City. CBS News political director Fin Gómez discusses why the debate's location is unique and CBS News chief White House correspondent Nancy Cordes analyzes winning debate strategies.
Former President Donald Trump's running mate turned to a Minnesota Republican to help him prepare for Tuesday night's debate. Rep. Tom Emmer worked with Sen. JD Vance as a stand-in for Minnesota Gov. Tim Walz. Emmer joins "America Decides" to discuss his role in the debate prep process.
Iran launched a missile attack against Israel on Tuesday. The Israeli military said there would be consequences for the strikes. CBS News senior foreign correspondent Elizabeth Palmer has the latest from Tel Aviv.