Cocoa prices hit record highs ahead of Easter holiday
Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply.
Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply.
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
On Wednesday, President Biden unveiled an $8.5 billion agreement with tech giant Intel in Arizona. The funding is part of the CHIPS Act and will create 30,000 manufacturing and construction jobs. Jared Bernstein, White House economic adviser, joins "America Decides" to discuss.
President Biden is wrapping up a Southwest trip to Nevada and Arizona. There, he highlighted his economic policies and appealed to Latino voters. CBS News' Fin Gómez and Weijia Jiang have more.
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
In a move to combat rising inflation, interest rates have soared to their highest in nearly a quarter-century. The Federal Reserve is concluding a two-day policy meeting today. Their decisions could significantly impact borrowing costs for consumers.
Appeals court to hear arguments on Texas border law; Princess Kate privacy breach investigation.
After two years of rate hikes, Americans are coping with higher costs for all kinds of loans. Here's what to expect from the Fed today.
A rise in the number of home listings with price cuts suggests a return to a more balanced dynamic between buyers and sellers.
A new study by the Brookings Institution examines the role immigration has played in allowing the U.S. job market to grow faster without stoking inflation. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joins CBS News to explain how migrants contribute to job growth and U.S. demand.
Wholesale inflation saw its biggest increase since last summer in February, rising 0.6% according to the Producer Price Index. CBS News business analyst Jill Schlesinger has more.
President Biden and former President Donald Trump are shifting focus to the general election after gaining enough delegates to clinch their parties' nominations. Biden campaign senior spokesperson Kevin Munoz and Trump campaign national press secretary Karoline Leavitt join "America Decides" to discuss what they believe will be key to their victory.
Consumer prices climbed again in February, according to a new U.S. Bureau of Labor Statistics report. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss if the increase could change the Fed timeline for a rate drop.
Consumer prices rose 0.4% from January to February, indicating inflation continues to be a hurdle in the U.S. economy. Gas and home prices contributed to the increase. CBS News' Jo Ling Kent breaks down the figures.
New economic data shows inflation ticked up last month at a higher-than-expected rate. The Consumer Price Index rose four-tenths of a percent in February with a marked increase in the cost of shelter and gasoline. CBS News contributor Javier David has more.
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Republican Sen. Katie Britt of Alabama delivered her party's response to President Biden's State of the Union address Thursday night, in emotional remarks from her kitchen. "CBS Evening News" anchor and managing editor Norah O'Donnell leads a panel to break down Britt's speech.
In his 2024 State of the Union address, President Biden ran through his legislative achievements during his first term in office. He highlighted a $1.2 trillion infrastructure package to revitalize the nation's roads, bridges, waterways and public transit, and legislation that aims to boost domestic production of semiconductor chips.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
President Biden is set to deliver the 2024 State of the Union address Thursday as he lags behind Donald Trump in the polls. CBS News senior White House and political correspondent Ed O'Keefe has more.
Jerome Powell noted inflation is slowing for both goods and services, but offered no hints on potential timing of rate cuts.
As food inflation continues to persist, some shoppers are getting creative with the way they shop for groceries and plan meals. The Wall Street Journal reports consumers are cutting down on eating out, leaning more on coupons and changing the kind of food they eat. Heather Haddon, the co-writer of that Wall Street Journal story, joined CBS News to discuss.
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
Wendy's is planning to roll out a "dynamic pricing" model for its menu in 2025, meaning prices will change throughout the day based on a few different factors. CBS News senior business and technology correspondent Jo Ling Kent explains.
Wendy's says it will introduce surge pricing in 2025, meaning the cost of a burger or Frosty could go up at the busiest times of the day. Jo Ling Kent reports.
More than 2 million customers in Florida, Georgia and the Carolinas were in the dark as Helene moved inland from the Big Bend area of Florida's Gulf Coast.
The special counsel's filing is expected to provide the most comprehensive look at the evidence federal prosecutors have compiled in their case against former President Donald Trump.
Chocolates, flowers and gold mines: A CBS News investigation reveals the lengths scammers go to to romance and rob unsuspecting Americans.
Former President Donald Trump announced he will meet with Ukrainian President Volodymyr Zelenskyy in New York City.
Vice President Kamala Harris will deliver remarks in Douglas, Arizona, her first trip to the U.S.-Mexico border since becoming the Democratic nominee for president.
The FBI launched probes earlier this summer after both the Trump and then-Biden campaigns experienced attempted phishing schemes targeting people associated with the candidates, sources told CBS News in August.
Alan Eugene Miller was convicted of killing three men in 1999 and the state had previously attempted to execute him by lethal injection in 2022.
President Biden and his French counterpart say an Israel-Hezbollah cease-fire is needed now to avoid a potentially "much broader conflict."
Maps show possible storm surge, rainfall levels and more as Hurricane Helene made landfall on Florida's Gulf Coast.
Vice President Kamala Harris will deliver remarks in Douglas, Arizona, her first trip to the U.S.-Mexico border since becoming the Democratic nominee for president.
The FBI launched probes earlier this summer after both the Trump and then-Biden campaigns experienced attempted phishing schemes targeting people associated with the candidates, sources told CBS News in August.
Alan Eugene Miller was convicted of killing three men in 1999 and the state had previously attempted to execute him by lethal injection in 2022.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
Former President Donald Trump announced he will meet with Ukrainian President Volodymyr Zelenskyy in New York City.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
A top investor in Trump Media & Technology Group has shed most of its position in the Truth Social owner, according to a filing.
Former President Donald Trump announced the new watch line on Truth Social, describing the timepieces as "truly special."
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
Thirteen states in Appalachia join others in placing free boxes of naloxine in metal dispensers once used for newspapers, as part of Save a Life Day.
Vice President Kamala Harris will deliver remarks in Douglas, Arizona, her first trip to the U.S.-Mexico border since becoming the Democratic nominee for president.
The FBI launched probes earlier this summer after both the Trump and then-Biden campaigns experienced attempted phishing schemes targeting people associated with the candidates, sources told CBS News in August.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
Former President Donald Trump announced he will meet with Ukrainian President Volodymyr Zelenskyy in New York City.
A top investor in Trump Media & Technology Group has shed most of its position in the Truth Social owner, according to a filing.
Gov. Gavin Newsom signs law prompted by a decade-long CBS News California investigation into California's newborn genetic biobank.
Ten deaths have been linked to now-recalled Boar's Head products.
The latest round of COVIDTests.gov will again rely on less sensitive "antigen" tests.
Thirteen states in Appalachia join others in placing free boxes of naloxine in metal dispensers once used for newspapers, as part of Save a Life Day.
Polls are showing renewed support from Black women voters for the Democratic ticket. Vice President Kamala Harris has backed key health priorities for Black women.
Chocolates, flowers and gold mines: A CBS News investigation reveals the lengths scammers go to to romance and rob unsuspecting Americans.
Republicans are claiming election interference after Zelenskyy visited Pennsylvania earlier this week.
President Biden and his French counterpart say an Israel-Hezbollah cease-fire is needed now to avoid a potentially "much broader conflict."
The ruling by Tokyo's Shizuoka District Court brought an end to Iwao Hamakada's status as the world's longest serving death row inmate.
The third AUKUS defense ministerial will see the allies look to expand their global ties as China-Russia cooperation deepens.
The Nevada Supreme Court left open a possibility for charges to be refiled.
Academy Award-winning actor Cate Blanchett joins "CBS Mornings" to talk about her new psychological thriller, "Disclaimer."
Disney follows in the footsteps of Netflix in looking to convert Disney+ password-borrowers into paying customers.
Disney+ is the latest of the major platforms to crack down on sharing outside of the home. The company announced Wednesday that users will have to pay $6.99 a month for each additional user on the basic plan, which includes ads, or $9.99 for those with the ad-free option, and only one additional member is allowed per account.
Hoda Kotb has been the co-anchor of "Today" for more than five years.
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.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
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.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
CBS News found the song has been used in more than 4,500 TikTok videos alone, with some users believing it's a song released by Bieber.
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.
Three houses have collapsed into the ocean in Rodanthe, North Carolina, in less than a week — and they're likely not the last. Here's why.
President Biden touted his administration's climate progress at the United Nations General Assembly on Tuesday. But in California, lawmakers have often been ahead of the federal government's climate policy, although they are not always aligned. CBS News California investigative correspondent Julie Watts has more.
Some of California's Democratic state politicians say they are voting against clean energy measures and climate legislation for economic reasons connected to their constituents. CBS News Sacramento's Julie Watts reports.
Men and women in the U.S. looking for love online are being tricked by young men trained to scam them. CBS News foreign correspondent Debora Patta followed the money all the way to Ghana.
New York City Mayor Eric Adams is facing decades in prison if convicted on federal charges unsealed Thursday. Adams denies any wrongdoing. CBS News crime and public safety senior coordinating producer Anna Schecter reports.
A defiant Eric Adams denied allegations made in a federal indictment that was unsealed Thursday. Adams is now the first sitting mayor in New York City's history to be indicted on federal charges. CBS News' Anna Schecter reports following Adams' remarks.
Federal prosecutors presented the alleged crimes New York City Mayor Eric Adams carried out during his campaign and while he has been in office. Prosecutors outlined apparent dealings with foreign entities and alleged paid travel expenses that were not disclosed, among other crimes. CBS News' Anna Schecter has more on the charges, and contributor Caroline Polisi has more insight on the allegations.
An indictment alleges New York City Mayor Eric Adams sought and accepted benefits from foreign nationals. CBS News' Anna Schecter breaks down the charges in the indictment and legal contributor Rebecca Roiphe looks at the legal implications.
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.
The asteroid was discovered in August and is set to become a mini-moon, spinning around Earth in a horseshoe shape for about two months.
NASA's "Hidden Figures," whose work helped put men on the moon, were honored Wednesday in a Congressional Gold Medal ceremony.
The September Harvest Moon will see a partial lunar eclipse, peaking the night of Tuesday, Sept. 17.
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?
Hurricane Helene has made landfall in Florida, about 10 miles away from Perry. The Category 4 storm is now expected to head north through Georgia, where it will carry dangerous winds and flooding that could lead to landslides in southern Appalachia.
The National Hurricane Center is raising the alarm about a life-threatening storm surge from Helene after it makes landfall in Florida on Thursday night. Some parts of Florida's Gulf Coast could see water levels above 15 feet. CBS News meteorologist and hurricane expert David Yeomans looks at the storm's path and the dangerous storm surge threatening the region.
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.
Men and women in the U.S. looking for love online are being tricked by young men trained to scam them. CBS News foreign correspondent Debora Patta followed the money all the way to Ghana.
Operating out of underground boiler rooms across Ghana, online criminal syndicates prey on older Americans, running sophisticated scams that break hearts and empty bank accounts. Ghanaian scammers told CBS News they prefer targeting men as they are easier to trap and less likely to report the scam because of their deep shame. Debora Patta reports.