Corporate profits could be fueling inflation
Some companies are raising prices faster than costs are increasing, fueling inflation. CBS News' Tony Dokoupil and Errol Barnett are joined by Wall Street Journal reporter Paul Hannon with more.
Supply Chain
Sriracha sauce is facing supply shortages, squeezing restaurants
A drought in Mexico last year caused an "unprecedented" supply crunch for the hot pepper sauce, its maker said.
Albuterol shortage could worsen after asthma drugmaker's closure
Akorn, which manufactured the asthma medication, shuttered three of its factories shortly after filing for bankruptcy.
IMF chief on China, supply chains and 2023
Kristalina Georgieva, the managing director of the International Monetary Fund, discusses China's relaxation of its "zero-COVID" policies, post-pandemic supply chain challenges and what she expects in 2023.
The next PS5 restock is today: Here's where to get a PlayStation 5 in time for Christmas
Looking to buy a Sony PS5? We found the PlayStation 5 in stock at a handful of top retailers.
Holiday shipping deadlines loom
Deadlines loom for shipping gifts for the holidays. Kris Van Cleve goes inside a FedEx center in Tennessee as workers prepare for the last-minute rush of packages.
U.K. overhauls financial sector
The British government has announced an overhaul of financial regulations that were originally put in place following the 2008 financial crisis. And China eases its strict "zero-COVID" policies in an effort to bring down inflation. CBS News foreign correspondent Ramy Inocencio discusses with anchors Anne-Marie Green and Meg Oliver.
China's new COVID policy may aid supply chain
As Wall Street anticipates next week's Federal Reserve meeting, the market may have caught a break as China began to ease its strict "zero-COVID" policies. David Bahnsen of The Bahnsen Group joins CBS News to discuss why some investors are bullish on the effect of China's new policy.
Making trade flow better: changing what’s possible for global supply chains
A leader in global end-to-end solutions, DP World continues to push for more speed, reliability and sustainability in supply chains.
Protests in China threaten U.S. economy
The Biden administration is preparing for economic turmoil as protests over COVID-19 restrictions in China and a possible rail strike threaten supply chains during the holiday season. CBS News senior White House correspondent Weijia Jiang reports.
Fears loom over possible railroad strike
Concerns are rising of a possible railroad strike after one of the United State's largest unions rejected a deal brokered by the Biden administration. Fears loom over the impact such a strike would have on the country's economy and chain supply. CBS News senior White House correspondent Ed O'Keefe discusses.
Possible rail strike could impact holidays
A possible rail strike could bring supply chains to a halt as holiday shopping takes off. CBS News senior White House and political correspondent Ed O'Keefe reports.
Biden-Xi meeting gives hope to global economy
The meeting between President Biden and Chinese President Xi Jinping was seen as a good sign by traders who bet on the markets. Eswar Prasad, the Tolani senior professor of trade policy at Cornell University, joined CBS News' John Dickerson to discuss what the talks mean for the world economy and more.
No, the U.S. is not about to run out of diesel fuel
The U.S. has a 25 day supply of diesel fuel, but refineries are continuing to add to that.
Drought disrupts Mississippi River shipping
Water levels are hitting record lows along the Mississippi River, meaning big trouble for the economy. The drought is expected to last through January, threatening the critical supply chain for food, coal, petroleum and more. Ben Tracy has more.
Mississippi River water levels drop
The U.S. Army Corps of Engineers is constructing a 1,500-foot-wide underwater levee in the Mississippi River to prevent saltwater from threatening drinking water. Officials say record low water levels and flow rates are allowing saltwater from the Gulf of Mexico to push upriver. Cameron McWhirter, a reporter for The Wall Street Journal who has covered the issue, joined CBS News to discuss what's behind it and how it impacts the U.S. economy.
Supply chain issues impact apple farmers
Apple farmers are grappling with unprecedented economic challenges as they prepare for the busy fall harvest. CBS News correspondent Scott MacFarlane explains the long-term effects on the apple industry and how consumers are impacted.
Inflation threatening American farmers
The tentative agreement between railway companies and its workers is welcome news to farmers who depend on trains to transport their goods. But it's not the only issue in America threatening farmers. Mark McHargue, president of the Nebraska Farm Bureau, joined CBS News to discuss the impact inflation has had on farms across the country.
Ford CEO on the future of electric cars
Ford president and CEO Jim Farley joins CBS News to discuss the future of electric vehicles and the importance of his company investing in them. He also speaks about how the tentative agreement with railway workers should prevent a costly strike that would have impacted the nation's supply chain.
Rail workers may begin strike on Friday
Gas prices are finally falling, but other expenses like food and rent are still up year over year. Meanwhile, tens of thousands of rail workers could go on strike starting Friday as they battle railroads for fair medical-leave policies which would hurt the supply chain and could drive up prices even more. Ed O'Keefe reports from the White House.
Potential railroad strike threatens U.S. economy
Contract negotiations between railroad workers' unions and railways remain stalled. The Biden administration is now actively trying to avert a potential strike that could have a major impact on the economy, supply chains and travel. Wall Street Journal reporter Esther Fung joined CBS News' John Dickerson to discuss the latest.
Formula shortage still hitting families
There are encouraging signs that the nation's baby formula shortage may finally be winding down. But many parents are still struggling to feed their children. Meg Oliver reports.
Drivers find relief at gas pump as prices drop
Americans are finally seeing relief at the pump. The average price of gas has fallen for more than 50 straight days, and the national average is on the verge of falling below $4 per gallon. Errol Barnett takes a look.
Supply chain disruptions loom, experts say
Just as retailers are starting to gear up for the holiday season, there are warnings of a possible nationwide shipping log jam. A shortage of rail workers is causing cargo to pile up once again in America's ports. Carter Evans reports from the port of Los Angeles, a key link in the U.S. supply chain.
Los Angeles port sounds alarm over cargo backlog
Ships packed with holiday gifts are starting to flood America's ports, including in Los Angeles. But 35,000 containers are clogging the docks, waiting for trains to transport cargo across the country. Carter Evans takes a look.
Spirit Airlines files for bankruptcy
The budget carrier is trying to recover from the pandemic-caused swoon in travel and failed mergers.
Scientists still identifying 9/11 victims' remains, giving answers to loved ones
The New York City Office of Chief Medical Examiner has pledged to continue efforts to identify 9/11 victims' remains for as long as there are families looking for answers.
"Everything as it was": Explore the bedrooms of kids killed in school shootings
The families of eight school shooting victims opened their doors to Steve Hartman and photographer Lou Bopp, allowing them to document their children's bedrooms.
Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."
Biden OKs Ukraine's use of U.S.-provided weapons deep inside Russia
The easing of restrictions would allow Kyiv to use the Army Tactical Missile System, or ATACMS, to hit targets inside Russia.
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
Biden becomes first sitting U.S. president to visit Amazon rainforest
Mr. Biden has made addressing climate change a key part of his policy agenda.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
U.S.
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Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
San Diego, Tijuana Youth symphonies unite for historic cross-border performance
The performance was part of an effort to bridge communities through creativity and innovation during this year's "World Design Capital" designation.
Organic carrots recalled after E. coli outbreak. These are the brands impacted.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
MoneyWatch
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Spirit Airlines files for bankruptcy
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and failed mergers.
Organic carrots recalled after E. coli outbreak. These are the brands impacted.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Trump's win could sharply raise the cost of electric vehicles. Here's why.
Americans looking to purchase EVs may want to do so quickly, as the incoming administration is likely to axe a $7,500 tax credit.
Social Security bill to expand benefits is in the hands of the Senate
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out.
How much money did Mike Tyson and Jake Paul make for their big fight?
Mike Tyson, a boxing legend, and Jake Paul, a social media legend, threw down Friday in Dallas. Financially, they both came out winners.
Politics
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Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Birx says she is "excited" for data-driven discussions in RFK Jr.'s confirmation hearings
Dr. Deborah Birx, former White House Coronavirus response coordinator, said Sunday she is "excited" for the data on key health issues that will surface in Senate confirmation hearings for Robert F. Kennedy, Jr.
Full transcript of "Face the Nation with Margaret Brennan," Nov. 17, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sue Gordon and Dr. Deborah Birx join Margaret Brennan.
HealthWatch
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Combating Parkinson's with rock climbing
There is currently no cure for Parkinson's Disease. But some with Parkinson's are finding that an unusual therapy – rock climbing – is helping them improve their balance, mobility, strength and cognition.
Woman in Idaho abortion ban case shares her story
Kayla Smith, one of the plaintiffs in a lawsuit against Idaho's restrictive abortion ban, tells Nicole Valdez about "the most traumatic experience" of her life. She and five other women are suing the state to clarify and expand abortion exceptions.
U.S. health officials report 1st case of new form of mpox in a traveler
The person had traveled to eastern Africa and was treated in Northern California upon return, according to the California Department of Public Health.
This mom moved 9,000 miles seeking medical treatment for her son
A mother and son flew 9,000 miles to seek care for his spinal condition after they'd exhausted options in their home country.
What to know about RFK Jr.'s stances on key health issues
Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services, has raised controversy on topics ranging from vaccines to fluoride to food.
World
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Biden OKs Ukraine's use of U.S.-provided weapons deep inside Russia
The easing of restrictions would allow Kyiv to use the Army Tactical Missile System, or ATACMS, to hit targets inside Russia.
Sara becomes tropical depression after landfall in Belize
Tropical Storm Sara made landfall near Dangriga, about 55 miles southeast of the capital Belmopan, the Miami-based National Hurricane Center said.
Gold watch gifted to Titanic hero sold for record price
The 18-carat Tiffany & Co. watch was given by three women survivors to Capt. Arthur Rostron for diverting his passenger ship, the RMS Carpathia, to save them and others after the Titanic struck an iceberg and sank in the north Atlantic.
Hezbollah spokesman killed in Israeli airstrike in Beirut, official says
The Hezbollah militant group has a strong presence in central Beirut, known as the Dahiyeh, and the strikes came as Lebanese officials are considering a U.S.-brokered cease-fire proposal.
Russia launches massive attack at Ukraine's infrastructure
The attack came as fears are mounting about Moscow's intentions to devastate Ukraine's power generation capacity ahead of the cold winter.
Entertainment
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Cher opens up about life with Sonny
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
Cher opens up about life with Sonny
It took forever for Cher to write her story, but this week, her memoir (that is, "Part One" of her memoir) is being released. She talks with correspondent Anthony Mason about her relationship, on stage and off, with Sonny Bono; the shocking truth she learned about "Cher Enterprises"; and why Sonny & Cher's TV partnership survived beyond their marriage.
Extended interview: Cher
In this web exclusive, correspondent Anthony Mason sits down with the singer Cher to talk about her new book, "Cher: The Memoir – Part One," which explores the "crazy ride" of her childhood. She also discusses her relationship with Sonny Bono, and why their extraordinarily successful musical duo, Sonny & Cher, survived the breakup of their marriage.
"Gladiator II" star Paul Mescal on his relationship with fame
He's earned critical acclaim and award nominations for performances in "Aftersun" and "Normal People." Now, Irish actor Paul Mescal, who's become a Gen Z heartthrob, is front-and-center of Ridley Scott's epic "Gladiator II."
"Gladiator II" star Paul Mescal
Paul Mescal has earned critical acclaim and award nominations for his performances in "Aftersun" and the TV series "Normal People." Now, the Irish actor who's become a Gen Z heartthrob is front-and-center of "Gladiator II," Ridley Scott's sequel to his Oscar-winning 2000 epic of ancient Rome. Mescal talks with correspondent Seth Doane about acting alongside such icons as Denzel Washington; and what he first felt on stage in a high school production of "The Phantom of the Opera."
Technology
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Technology
How this new car runs without gas or electricity
As climate change intensifies, the race for a more eco-friendly car has revved up. Itay Hod reports on the newest twist on travel.
"Human … Please die": Chatbot responds with threatening message
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
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.
Meta facing courtroom battle
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The Guardian to stop posting on X, calling it "a toxic media platform"
The Guardian says benefits of being on Elon Musk's social media platform X are outweighed by its "often disturbing content."
Science
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Science
How climate change impacts the economy
2024 is on pace to be the hottest year on record worldwide. CBS News Los Angeles meteorologist and climatologist Marina Jurica reports that extreme weather events cost the global economy over $2 trillion in the last 10 years.
Scientists say biggest coral in the world discovered in the Pacific
Scientists say they've discovered a "mega coral" three times bigger than the previous record holder - so huge they initially thought it was a shipwreck.
Surfboards with lights could deter shark attacks: "Invisibility cloak"
Seal-shaped boards decked with bright horizontal lights were less likely to be attacked by great white sharks, researchers found.
Trump officials likely to reverse drilling waste "methane fee" EPA is imposing
Oil and natural gas companies will have to pay a federal fee if they emit methane above certain levels under a rule being finalized by the Biden administration that incoming Trump officials are likely to reverse.
Site of ancient, key battle in Iraq found using spy satellite images
1970s-era U.S. spy satellite imagery has led archeologists to what they believe is the site of a seventh-century battle that was decisive in the spread of Islam in the region.
Crime
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Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Calvin Klein model charged with murder in NYC stabbing death
Dynus Saxon was arraigned in Bronx criminal court in connection with the Nov. 10 killing of Kadeem Grant, the DA said.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
Photos key in family's quest to prove daughter's death was a homicide
After authorities ruled Megan Parra took her own life, her family would spend years investigating her death, recruiting two retired FBI agents and convincing local and state officials to take a second look at the case.
Texas mom's killer received text before murder: "I hope you handle it"
After Alyssa Burkett was murdered, detectives quickly learned that the prime suspect was the father of her child, Andrew Beard. But as the investigation unfolded, they would find out that Beard wasn't the only one involved in the murder plot.
Space
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Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
Cargo ship brings science gear, holiday treats to space station crew
With an Election Day docking, the cargo ship delivered 3 tons of supplies and equipment, including an unusual wooden satellite.
The Taurid meteor showers will peak a week apart in November
Two sister meteor showers are already flashing across night skies — and will peak a week apart.
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
11/17: The Takeout: Vermont Sen. Peter Welch
Sen. Peter Welch, a Democrat from Vermont, reflects on the 2024 election with Major Garrett, talks about Donald Trump's Cabinet selections, and looks ahead to how Democrats can navigate the next two years of full GOP control in Washington.
U.S., Mexican youth symphonies perform together
Two youth symphonies, one from San Diego and the other from Tijuana, joined forces over the weekend for a performance in California. Andres Gutierrez has the story behind the show.
Notre Dame set to reopen after fire
Paris' Notre Dame Cathedral is set to reopen more than five years after a devastating fire almost destroyed the iconic landmark. Elaine Cobbe takes a look at the restoration process.
Trump's possible impact on EV sales
Electric vehicle sales hit an all-time high this summer, but some worry the incoming Trump administration could put a dent in sales. Ryan Yamamoto explains why.
Gymnastics coach Béla Károlyi dies at age 82
Béla Károlyi, who coached the U.S. women's gymnastics team to its first Olympic gold medal, has died at age 82. Shanelle Kaul looks back at his life and controversial legacy.