Americans are spending more on food than they have in 3 decades
The high cost of food both at home and in restaurants continues to be a sore spot for millions of U.S. households.
The high cost of food both at home and in restaurants continues to be a sore spot for millions of U.S. households.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Even though economic reports show inflation is letting up, Americans are spending more on food than they have in three decades, according to new data from the Labor Department. Restaurants and food company executives are blaming labor and production costs. Jesse Newman, food reporter for The Wall Street Journal, joined CBS News to discuss the high prices.
Nvidia's stock price surged after delivering another blowout quarter, setting off a rally in other tech stocks that carried Wall Street to another record high.
The producer price index jumped by 0.3% in January, according to a U.S. Department of Labor report released on Friday. The data is fueling concerns that the stubbornly high inflation rate may not be going away anytime soon. Lori Bettinger, president of a network of community banks known as BancAlliance, joins CBS News to break down the findings.
As voter anxiety over the economy intensifies this presidential election year, inflation remains high at 3.1% year-over-year, despite a significant reduction. Treasury Secretary Janet Yellen talks to CBS News about the Biden’s administration's strategy in an exclusive interview.
Treasury Secretary Janet Yellen sat down with Jo Ling Kent in the battleground state of Michigan for an exclusive interview about the concerns many Americans continue to have about high prices. This comes after inflation rose again in January at a higher rate than expected.
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
Following new cost of living data revealing a slower-than-anticipated cooling in inflation and with the Consumer Price Index up 3.1% from the previous year, stocks faced significant losses. CBS News business analyst Jill Schlesinger talks about what’s driving these numbers.
The three major stock indexes fell more than one percentage point each Tuesday after a government report showed inflation remained stubbornly high in January. CBS News contributor Javier David joins to unpack the figures.
Student loan payments resumed last fall, and for millions, the added bill combined with stubborn inflation makes for a difficult financial burden. One expert gives tips and advice that may help reduce costs. Nancy Chen reports.
Higher food prices partly caused the hotter-than-expected inflation report. Getting pinched at the grocery store is souring Americans on the economy.
Although the rate of inflation still appears to be declining, in January it did not cool as targeted. Heather Boushey, a member of President Biden's Council of Economic Advisers, joins CBS News with the administration's reaction to the fresh data.
January's Consumer Price Index showed a slightly higher increase in prices than economists had predicted, rising 3.1% from a year earlier. CBS News business analyst Jill Schlesinger has a breakdown of the numbers.
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.
The U.S. economy added 353,000 jobs in January, according to the Labor Department's first jobs report of the year. Daniel Zhao, the lead economist at Glassdoor, joins CBS News with a look at the surprising data.
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
The Federal Reserve kept its benchmark rate steady at its first meeting of 2024. Here's what it means for your money.
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.
NYC Mayor Eric Adams is scheduled to appear in court today after his indictment on federal bribery and wire fraud charges.
The U.S. official said it was "not surprising" that China's navy would conceal it. The submarine's current status is unknown.
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 Helene, once a major hurricane and now a tropical storm, moves inland from Florida's Gulf Coast over Georgia.
NYC Mayor Eric Adams is scheduled to appear in court today after his indictment on federal bribery and wire fraud charges.
The U.S. official said it was "not surprising" that China's navy would conceal it. The submarine's current status is unknown.
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
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.
NYC Mayor Eric Adams is scheduled to appear in court today after his indictment on federal bribery and wire fraud charges.
"I don't think we know who's going to win Michigan yet," Rep. Debbie Dingell told chief Washington correspondent Major Garrett on "The Takeout" podcast.
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
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.
The U.S. official said it was "not surprising" that China's navy would conceal it. The submarine's current status is unknown.
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 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.
A search of Brian Crossman Jr.'s cell phone found multiple internet searches related to serial killers and unresolved murders, police said.
NYC Mayor Eric Adams is scheduled to appear in court today after his indictment on federal bribery and wire fraud charges.
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.
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.