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The Consumer Price Index rose 8.3% in the past 12 months, as higher prices for groceries, shelter and medical care offset lower gasoline prices. CBS News chief White House correspondent Nancy Cordes has more on the latest report. Then, Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins John Dickerson on "Prime Time" to discuss the impact.
The Consumer Price Index report for August tanked the stock market as inflation continued to slow at a snail's pace. Emil Michael, chairman and CEO of DPCM, joins CBS News to discuss the impact on the overall economy.
Major stock indexes had a roller coaster day coming out of Labor Day weekend. Julia-Ambra Verlaine, markets report at the Wall Street Journal, joins CBS News at Tuesday's closing bell to discuss what was driving the market.
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
U.S. jobless claims declined for the third week in a row, according to numbers released by the Labor Department Thursday. However, investors fear it could give the Federal Reserve the opportunity to make another aggressive interest rate hike this month. Marley Kayden, economic journalist and a professor at DePaul University, joined CBS News to discuss the job market and its impact on the stock market.
Markets have been roiled since Fed chair's speech Friday reaffirming central bank's aggressive plans to cool inflation.
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
The Dow Jones Industrial Average fell more than 1,000 points Friday after Federal Reserve Chair Jerome Powell said the Fed will continue raising interest rates to tame inflation. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News' Catherine Herridge to discuss.
Federal Reserve Chair Jerome Powell’s remarks on inflation triggered a massive sell-off on Wall Street. Melissa Armo, owner and founder of The Stock Swoosh, breaks down why investors aren’t thrilled with the Fed chair’s comments on a possible interest rate hike.
S&P 500 suffered its biggest drop in two months after Fed chair Jerome Powell said rates will remain high "for some time."
The stock market stayed flat Tuesday after falling sharply Monday. Rebecca Walser, president of Walser Wealth Management, joins CBS News to explain how the sell-off is connected to fears over what the Federal Reserve has planned for next months interest rate hike.
S&P 500 suffers its biggest drop since June as investors fret over the Fed's effort to tame inflation.
Melissa Armo, the founder and owner of The Stock Swoosh, joins CBS News to discuss what's driving the stock market, why investors fear potential impending interest rate hikes from the Federal Reserve and the significance of China's economic slowdown overseas.
Bed, Bath, and Beyond stock plummeted after influencer investor Ryan Cohen announced he sold his stake in the company. The fallout is highlighting the negative impact of so-called "meme stocks." Ed Butowsky, managing partner of Capwood Investment, joins CBS News to discuss the latest on the markets after the closing bell.
Stocks ended the week lower on Wall Street, as investors look ahead to Fed chairman's annual Jackson Hole speech next week.
Bed Bath and Beyond has become the latest "meme stock," skyrocketing its value past what traditional investors believe it's worth. Julie Hyman, an anchor at Yahoo Finance Live, joins CBS News at the closing bell to discuss the impact and what's moving the markets.
Walmart and Home Depot kick off a host of retail earnings reports on Tuesday, followed by Lowe's and Target.
Some investors believe inflation may have peaked, allowing Federal Reserve to be less aggressive with hikes.
It turned out to be a relatively flat day on Wall Street. The Dow opened higher but took a turn midday, with the market dipping into the red. Chief economist for The Conference Board Dana Peterson joins CBS News' Tanya Rivero and Lilia Luciano to discuss.
Economy is "experiencing a healthy deceleration, not a recession," Goldman Sachs analyst says.
Investors are reacting to the July Consumer Price Index report, which showed the annual rate of inflation at 8.5%, down from 9.1% in June. CBS News' Tanya Rivero and Elaine Quijano speak with Insider reporter Ben Winck on what the report means for American consumers.
Latest inflation data bolsters hopes that consumer prices have peaked and that the Fed can temper interest rate hikes.
New data on hot U.S. jobs market suggests Fed won't be reining in its aggressive rate hikes anytime soon.
A little-known Hong Kong tech company with annual revenue of $25 million has seen its market value soar to $300 billion.
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
The move deeps the political crisis set off by President Yoon Suk Yeol’s stunning imposition of martial law and ensuing impeachment.
Israel says it's targeting Houthi military sites in Yemen's rebel-held capital city, Sanaa.
After the Azerbaijan Airlines jet crash, speculation mounted about why the plane went down and whether possible Russian air defense action may have played a role.
A judge ruled that a woman who says she was raped by Jay-Z and Sean "Diddy" Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls.
A plane passenger taken into custody after boarding a Delta flight from Seattle to Hawaii without a boarding pass.
Baltimore's victory over Houston averaged 24.3 million viewers, while Kansas City's win at Pittsburgh averaged 24.1 million, according to early viewer figures released by Nielsen.
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
The probe will focus on the findings of a recent investigative news program on alleged actions of Sara Netanyahu, the prime minister's wife, officials said.
Japanese death-row inmate Chisako Kakehi, dubbed the "Black Widow" after she used cyanide to kill her elderly lovers, has died in a detention center at age 78, officials say,
Richard Parsons was known as a skilled negotiator, a diplomat and a crisis manager.
Baltimore's victory over Houston averaged 24.3 million viewers, while Kansas City's win at Pittsburgh averaged 24.1 million, according to early viewer figures released by Nielsen.
A plane passenger taken into custody after boarding a Delta flight from Seattle to Hawaii without a boarding pass.
A judge ruled that a woman who says she was raped by Jay-Z and Sean "Diddy" Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls.
Christmas came early for pygmy hippo parents at the Metro Richmond Zoo in Virginia.
Richard Parsons was known as a skilled negotiator, a diplomat and a crisis manager.
Baltimore's victory over Houston averaged 24.3 million viewers, while Kansas City's win at Pittsburgh averaged 24.1 million, according to early viewer figures released by Nielsen.
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Cabrera is county commissioner of District 6, which represents parts of Coral Gables, Hialeah and the City of Miami.
President Biden's final holiday in office will take place largely out of the public eye.
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Marianne Williamson sought the Democratic presidential nomination in 2020 and 2024.
Ryan Wesley Routh is being held in Miami awaiting trial in Fort Pierce.
Busy lives have many of us juggling multiple tasks at once, but is that really multitasking? Here's what expert Linda Stone has learned about the myth of multitasking.
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
The FDA has raised the level of a Costco egg recall, warning of the risk of severe illness or death due to potential salmonella contamination. Over 10,000 cartons of Kirkland brand organic eggs sold at stores across the South are affected. Customers are urged to discard or return eggs marked with Julian code 327 and a use-by date of Jan. 5, 2025.
With flu levels rising, Dr. Rabia De Latour shares ways to support your immune system and stay healthy during the holidays.
Experts say evidence in the Azerbaijan Airlines plane crash in Kazakhstan points to a possible midair explosion, not an encounter with a flock of birds.
South Korea's opposition-controlled National Assembly voted to impeach acting President Han Duck-soo despite vehement protests by governing party lawmakers, further deepening the country's political crisis.
Japanese death-row inmate Chisako Kakehi, dubbed the "Black Widow" after she used cyanide to kill her elderly lovers, has died in a detention center at age 78, officials say,
A mild-mannered technocrat, Manmohan Singh became one of India's longest-serving prime ministers. He was chosen to fill the role by Sonia Gandhi, the widow of assassinated Prime Minister Rajiv Gandhi.
The probe will focus on the findings of a recent investigative news program on alleged actions of Sara Netanyahu, the prime minister's wife, officials said.
Baltimore's victory over Houston averaged 24.3 million viewers, while Kansas City's win at Pittsburgh averaged 24.1 million, according to early viewer figures released by Nielsen.
A judge ruled that a woman who says she was raped by Jay-Z and Sean "Diddy" Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls.
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Angel Blue, who was recently named Classical Music's "Vocalist of the Year," is set to perform the title role in "Aida" at the Metropolitan Opera. Known for her Grammy-winning performances, Blue will take the stage in New York beginning on Dec. 31. She joins "CBS Mornings Plus."
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
New artificial intelligence features appeared across the tech landscape this year, from the latest iPhone to chatbots like Google's Gemini. Adam Auriemma, the editor-in-chief at CNET, joins CBS News 24/7 with more.
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.
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
TVs are some of the most popular items to fly off store shelves during the holidays. But this year, experts say shoppers are going bigger than ever. CBS News' Jeff Wagner explains.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Japanese death-row inmate Chisako Kakehi, dubbed the "Black Widow" after she used cyanide to kill her elderly lovers, has died in a detention center at age 78, officials say,
A pizza delivery worker, upset over a tip, allegedly repeatedly stabbed a pregnant woman at a Florida motel, a sheriff's office says.
Ryan Routh, the man accused of trying to assassinate President-elect Donald Trump near his Florida golf course, could have his trial delayed as his lawyer mounts a legal defense. CBS News legal contributor Jessica Levinson has more on the latest developments.
Gunfire at Phoenix Sky Harbor International Airport on Christmas night left three people wounded, police say. Another was stabbed. One was in critical condition.
A corrections officer died after an assault by an inmate in an Ohio prison on Christmas morning, authorities say.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
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 Toy Nest in Falls Church, Virginia, is a toy library that works on a membership program. The moms who buy-in say it allows them to cut down on toy waste, while saving money and adding variety. Natalie Brand explains how the novel idea works.
Research suggests the human brain is not wired to multitask on complicated tasks, and experts say it can cause more damage to our wellbeing than we realize. Dr. Jon LaPook explains.
At a FedEx shipping hub in Anchorage, Alaska, employees can sort up to 80,000 packages a day during the holidays. And as they're dealing with a last wave of Christmas gifts getting ready to ship out this week, they're also dealing with a new wave of gifts that are being returned. Kris Van Cleave takes an inside look at the process.
Tom Homan, President-elect Donald Trump's incoming "border czar," told the Washington Post in an interview this week that Trump's new administration plans to revive the controversial practice of detaining migrant families and giving undocumented parents the choice of leaving their U.S.-born children behind or having the children deported with them. Lilia Luciano reports.
Powerful thunderstorms forced ground stops that delayed dozens of flights at Dallas airports Thursday, while stormy weather downed trees and knocked out power to thousands of customers in Oregon and Washington. Kati Weis reports from Houston.