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.
Congress veers toward government shutdown after GOP revolt
A new path forward remains unclear as Congress lurches toward Friday night's deadline.
Breaking
CEO suspect faces federal murder, stalking charges after returning to NYC
UnitedHealthcare CEO murder suspect Luigi Mangione is back in New York after waiving extradition in Pennsylvania.
Gisèle Pelicot's ex-husband, over 40 others convicted in rape, drugging trial
Gisèle Pelicot said she had no regrets, but hope for the future after a judge sentenced her ex-husband to 20 years in prison for drugging and raping her for years.
Georgia appeals court removes Fani Willis from Trump 2020 election case
President-elect Donald Trump was charged in a sprawling racketeering case related to the 2020 election.
Oklahoma executes man who killed girl during cannibalistic fantasy
Kevin Underwood, who killed 10-year-old Jamie Rose Rolin in 2006, died by lethal injection in Oklahoma. It was the 25th and final U.S. execution this year.
How a U.S. government shutdown could impact your benefits and services
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
Wisconsin shooter was in contact with California man plotting his own attack
A California judge issued a restraining order against a 20-year-old man who told FBI agents he'd been messaging with the Wisconsin shooter, authorities and court documents say.
Amazon workers, led by Teamsters, on strike in multiple cities
Teamsters union says Amazon workers at seven warehouses plan to walk off the job Thursday morning in multiple states.
"Sleepmaxxing" trend has young adults optimizing their sleep
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
U.S.
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Trump shakes up spending talks with call to eliminate debt ceiling
President-elect Donald Trump Trump said lawmakers should oppose any sweeping spending measure that includes "traps" and abolish the debt limit before he takes office next year.
How a U.S. government shutdown could impact your benefits and services
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
Liquid-burning firepits behind 2 deaths, dozens of injuries, fed agency warn
Products sold as tabletop firepits, firepots, miniature fireplaces or portable fires for indoor use are "extremely dangerous," consumer agency warns.
How Trump and Elon Musk derailed bipartisan plans for a funding bill
"My phone was ringing off the hook," Republican Rep. Andy Barr said. "The people who elected us are listening to Elon Musk."
Congress veers toward government shutdown after GOP revolt
After a Republican revolt led by Elon Musk and Donald Trump torpedoed a plan to fund the government, a new path forward remains unclear as Congress lurches toward Friday night's deadline.
MoneyWatch
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How a U.S. government shutdown could impact your benefits and services
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
Liquid-burning firepits behind 2 deaths, dozens of injuries, fed agency warn
Products sold as tabletop firepits, firepots, miniature fireplaces or portable fires for indoor use are "extremely dangerous," consumer agency warns.
Stocks rise, a day after disappointing forecast from Fed triggers sell-off
U.S. stocks are stabilizing following one of their worst days of the year.
Amazon workers, led by Teamsters, on strike in multiple cities
Teamsters union says Amazon workers at seven warehouses plan to walk off the job Thursday morning in multiple states.
Stock market plummets after Fed forecasts fewer rate cuts in 2025
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
Politics
More Politics
Trump shakes up spending talks with call to eliminate debt ceiling
President-elect Donald Trump Trump said lawmakers should oppose any sweeping spending measure that includes "traps" and abolish the debt limit before he takes office next year.
How a U.S. government shutdown could impact your benefits and services
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
How Trump and Elon Musk derailed bipartisan plans for a funding bill
"My phone was ringing off the hook," Republican Rep. Andy Barr said. "The people who elected us are listening to Elon Musk."
Congress veers toward government shutdown after GOP revolt
After a Republican revolt led by Elon Musk and Donald Trump torpedoed a plan to fund the government, a new path forward remains unclear as Congress lurches toward Friday night's deadline.
Georgia appeals court removes Fani Willis from Trump 2020 election case
The Georgia Court of Appeals ruled that Fulton County District Attorney Fani Willis must be removed from the 2020 election case against President-elect Donald Trump.
HealthWatch
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"Sleepmaxxing" trend has young adults optimizing their sleep
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
Liquid-burning firepits behind 2 deaths, dozens of injuries, fed agency warn
Products sold as tabletop firepits, firepots, miniature fireplaces or portable fires for indoor use are "extremely dangerous," consumer agency warns.
Latest on H5N1 bird flu outbreak
A Louisiana patient is critically ill with severe respiratory symptoms from H5N1 bird flu, marking the 61st U.S. human case this year. California has declared a state of emergency. CBS News medical contributor Dr. Celine Gounder explains the public health risks.
Health insurers limit coverage of prosthetic limbs
Advocates say it is discrimination and are arguing for "insurance fairness" on the grounds that people who have joints surgically replaced typically don't face the same kinds of coverage challenges.
What are seed oils and do they pose health risks? Here's what to know
Seed oils are making headlines, prompting fears around whether they can have negative effects on your health. Here's what to know.
World
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Quirky Guinness World Records of 2024 include a skateboarding cat
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
Putin laments top general's killing, says he'll meet Trump "any time"
Russia's Vladimir Putin, in his annual marathon news conference, laments "serious blunders" by his security forces and says he'll meet Trump "any time" about Ukraine.
2 highway crashes in Afghanistan leave dozens dead, dozens more hurt
Two highway crashes in southeastern Afghanistan killed a combined total of 50 people and injured 76, a government spokesman says.
Mayotte cyclone survivors plead with visiting French president for help
"Mayotte is demolished," an airport security agent told President Emmanuel Macron as he arrived in the remote French territory five days after Cyclone Chido.
Google Maps shows suspected corpse, helps solve murder mystery
Officers arrested a woman who was the missing male's partner and another man who was her ex-partner, police said.
Entertainment
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Entertainment
Apollo Theater honored by Kennedy Center
For 90 years, the Apollo Theater has shaped American culture, launching icons like James Brown and Aretha Franklin. This year, it became the first institution honored by the Kennedy Center, cementing its legacy as a hub of innovation.
Alicia Keys surprises students at alma mater
Sixteen-time Grammy winner Alicia Keys celebrates her Broadway musical "Hell's Kitchen" earning a Grammy nomination for Best Musical Theater Album. In an exclusive interview, she revisits her alma mater to honor the teacher who inspired her and surprises students.
Inside Variety's acclaimed "Actors on Actors"
Since 2014, Variety's "Actors on Actors" has showcased one-on-one conversations between Hollywood stars, offering unique insights into their craft. Co-editor-in-chief and executive producer Ramin Setoodeh joins us to discuss the series' impact.
Extended interview: Grateful Dead
The three surviving core members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, talk to Anthony Mason about becoming Kennedy Center honorees, the band's legacy and loyal fans, and the magic of music and songwriting.
The Grateful Dead, Kennedy Center honorees, reflect on the band's legacy
Surviving members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, revisit the Great American Music Hall in San Francisco.
Technology
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Technology
Supreme Court agrees to hear case about TikTok ban
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Teen victim of deepfake porn urges Congress to pass "Take It Down Act"
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
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.
Supreme Court to decide on future of TikTok
The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government's ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.
FAA: Lithium battery fires on flights now occur nearly twice a week
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Science
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"Murder hornets" eradicated in the U.S., agriculture officials say
Giant hornets, dubbed "murder hornets," have been eradicated in the U.S., five years after the invasive species was first detected in Washington state.
Coal use hitting record in 2024, which is likely hottest year yet, report says
World coal use is set to reach an all-time high in 2024, the International Energy Agency says, in a year all but certain to be the hottest in recorded history.
How climate change impacted 2024
From record-breaking temperatures to devastating disasters, 2024 brought the world closer to the reality of what climate change looks and feels like. CBS News national environmental correspondent David Schechter reports.
Bronze-Age Britons were cannibalized after massacre, research shows
Researchers determined that dozens of men, women and children were violently killed and cannibalized in Bronze Age-era England.
ClimateWatch: Looking back on 2024’s extreme weather
In this episode of “ClimateWatch,” CBS national environmental correspondent David Schechter looks back at the devastating hurricanes, landslides, flooding and more that impacted the U.S. this year.
Crime
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Crime
CEO murder suspect Mangione back in New York
The suspected gunman in the murder of UnitedHealthcare CEO Brian Thompson, Luigi Mangione, arrived in New York by plane Thursday after waiving extradition in Pennsylvania.
Inside courtroom for Mangione's extradition
Luigi Mangione, the suspect in the murder of UnitedHealthcare CEO Brian Thompson, has waived extradition and could appear Thursday in front of a New York City judge for arraignment. CBS News correspondent Nicole Valdes was in the courtroom and has more.
Luigi Mangione headed to New York
Luigi Mangione may also face a federal charge after arriving in New York. This comes after the suspect in the UnitedHealthcare CEO killing waived extradition in Pennsylvania. CBS News' Nicole Valdes reports.
School shooting victims identified
California court documents revealed that the 15-year-old Madison, Wisconsin, school shooting suspect was in contact with a man who was allegedly plotting another attack. This comes as the identities of the two Abundant Life Christian School fatal shooting victims have been revealed. CBS News' Ian Lee reports.
Luigi Mangione waves extradition
Luigi Mangione, the suspect in the UnitedHealthcare CEO murder case, has waived extradition and is being transported from Pennsylvania to New York. CBS News' Nicole Valdes has more.
Space
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Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
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 delayes return date for astronauts
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 leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Boeing Starliner crew's return delayed again
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
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.
The Scott Peterson case: New evidence?
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 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.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
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
Freight train derails after crashing into tractor-trailer in Texas
One person was killed and four were injured after a freight train crashed into a tractor-trailer, and then it derailed and hit the Chamber of Commerce building in Pecos, Texas, officials said. Three of the cars on the train were carrying potentially hazardous material, but there had been no breach, Charles Lino, Pecos' city manager, said. Authorities are evaluating the incident, the city said, and there is no risk to the public.
CEO murder suspect Mangione back in New York
The suspected gunman in the murder of UnitedHealthcare CEO Brian Thompson, Luigi Mangione, arrived in New York by plane Thursday after waiving extradition in Pennsylvania.
Inside courtroom for Mangione's extradition
Luigi Mangione, the suspect in the murder of UnitedHealthcare CEO Brian Thompson, has waived extradition and could appear Thursday in front of a New York City judge for arraignment. CBS News correspondent Nicole Valdes was in the courtroom and has more.
Texas moves on immigration policies
The Texas government is working to implement ways to deter illegal immigration at the U.S.-Mexico border as President-elect Donald Trump prepares to enter the White House with big deportation plans ahead. CBS News' Camilo Montoya-Galvez reports.
Luigi Mangione headed to New York
Luigi Mangione may also face a federal charge after arriving in New York. This comes after the suspect in the UnitedHealthcare CEO killing waived extradition in Pennsylvania. CBS News' Nicole Valdes reports.