CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
MoneyWatch
Latest News
3 Boar's Head plants also had unsanitary conditions, USDA records show
Several Boar's Head deli meat plants were cited for unsanitary conditions, not just the factory shut down after a deadly listeria outbreak.
Capital One cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
What would happen to TikTok on my phone if the app is banned?
A law that could ban TikTok in the U.S. is set to take effect on Jan. 19. Here's what that would mean for users of the social media platform.
Los Angeles residents hire private firefighters to save their homes
Private firefighters are working alongside municipal departments to battle the wildfires. Here's how much they cost.
Starbucks reverses open-door policy, requiring purchases to stay
Consumers will have to buy something if they want to hang out at its coffee shops or use its restrooms.
Jeff Bezos, Elon Musk, Mark Zuckerberg to attend Trump's inauguration
Bezos, Musk and Zuckerberg are the three richest people in the world, according to Forbes.
Does the tech industry really need so many workers on H-1B visas?
Elon Musk claims the U.S. needs a pipeline of foreign employees working on H-1B visas because the country lacks skilled engineers. Here's what the data shows.
Meta is cutting 5% of its workforce, or more than 3,600 employees
Meta will cut about 5% of its workforce, focusing on getting rid of low-performing employees at the social media giant.
Managing Your Money
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HELOC vs. reverse mortgage: Which will be better in 2025?
Both offer unique benefits to homeowners this year. Here's how to determine which could be better right now.
CD account dos and dont's savers should know for 2025
CD accounts are still valuable, even in today's rate climate, if savers take these strategic approaches this year.
Here's how to get debt collectors to stop calling you
Being on the receiving end of debt collection calls is stressful, but there are ways to get them to stop.
Money Tech
Walt Disney and FuboTV to combine their online live TV businesses
The proposed merger would join two internet TV bundles that together have 6.2 million subscribers.
ChatGPT recovers after being hit by outages, OpenAI says
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
AI voice scams are on the rise. Here's how to protect yourself.
Scammers are using AI-powered voice-cloning tools to prey on people. But experts say there's a simple way to protect you and your family.
YouTube TV again hiking its price — here's what a subscription will cost
The cost of YouTube TV has soared nearly 140% since the streaming platform launched in 2017.
Starbucks impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
Bezos denies Musk claim that the Amazon founder predicted Trump loss
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
Trump Media's stock is halted after sudden plunge in DJT shares
Trading in Trump Media, owner of Truth Social, was halted briefly on Tuesday after the stock suddenly plunged.
Trump's DJT stock is surging, lifting Truth Social. Here's why.
Shares of Trump Media & Technology Group, which trades under the DJT ticker, jumped 18% on Monday. Here's why.
Israel-Hamas ceasefire and hostage release deal reached
After intense negotiations, Israel and Hamas have reached a deal that would see a ceasefire and the exchange of hostages in Gaza for Palestinian prisoners.
live updates
"Particularly dangerous" winds warning yet again for Los Angeles fires area
Fires across the Los Angeles area have killed at least 25 people. The Palisades and Eaton wildfires continue to burn out of control in Southern California.
Watch Live: Pam Bondi faces senators at confirmation hearing
Pam Bondi sought to allay the concerns of Democrats who said they feared Trump and his allies would use the Justice Department to target their political enemies.
Watch Live: Marco Rubio's confirmation hearing for secretary of state
Sen. Marco Rubio, President-elect Donald Trump's pick for secretary of state, is facing questions from his Senate colleagues on Wednesday morning.
FDA bans food dye Red 3, citing concern over cancer in some animals
The red food dye is used in products ranging from candies to vegetarian meats.
Pentagon watchdog: Austin's hospitalization "unnecessarily" increased risks
Defense Secretary Lloyd Austin was hospitalized for two weeks at the start of 2024 for complications arising from surgery to treat prostate cancer.
Cartel leader in plea talks with U.S., keeps lawyer who represented son
Ismael "El Mayo" Zambada decided to stick with the lawyer defending him from U.S. drug trafficking charges despite a possible conflict of interest.
Biden says "I have given my heart and my soul to our nation" ahead of farewell address
President Biden is addressing the nation from the Oval Office at 8 p.m.
How to download your TikTok data in case the app goes dark
Some TikTok users are preparing for the likely ban by downloading their data. Here's how to do it.
Retirement
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Planning to retire at 65? Most Americans have to stop working earlier.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
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.
Seniors will pay more for Medicare in 2025. Here's what to know.
Medicare's Part B monthly premium is outpacing both inflation and Social Security's cost-of-living adjustment.
Here's what to know about House bill to expand Social Security benefits
Measure that would repeal so-called "government pensions offset" has been gaining support in House.
Some Social Security beneficiaries will get an extra November check
Some Social Security beneficiaries will receive an extra payment next month. Here's who will get the extra checks and why.
U.S.
More U.S.
Los Angeles wildfires spark first lawsuits against utilities
As deadly wildfires continue to burn in Los Angeles, allegations of blame are being made on behalf of victims.
How the L.A. area wildfires have impacted schools
The Southern California wildfires have damaged or destroyed a dozen schools.
Ohio library helps fight food crisis with donation-based restaurant
A pay-what-you-can restaurant inside a Toledo, Ohio, library aims to combat hunger by offering meals in exchange for volunteer work, donations or fresh produce.
How to download your TikTok data in case the app goes dark
Some TikTok users are preparing for the likely ban by downloading their data. Here's how to do it.
FBI reveals New Orleans attacker's online search history
The FBI also increased the number of those injured in the New Orleans New Year's Day attack to 57 people.
MoneyWatch
More MoneyWatch
Los Angeles wildfires spark first lawsuits against utilities
As deadly wildfires continue to burn in Los Angeles, allegations of blame are being made on behalf of victims.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
SEC sues Elon Musk, accusing him of withholding info from Twitter investors
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Los Angeles residents hire private firefighters to save their homes
Private firefighters are working alongside municipal departments to battle the wildfires. Here's how much they cost.
Politics
More Politics
Pentagon watchdog: Austin's hospitalization "unnecessarily" increased risks
Defense Secretary Lloyd Austin was hospitalized for two weeks at the start of 2024 for complications arising from surgery to treat prostate cancer.
CIA director pick Ratcliffe vows to bring renewed focus to intelligence gathering
Trump's pick to be CIA director promised in his confirmation hearing to hone in on setting strong intelligence collection priorities and "demanding relentless execution."
In opening pitch to Congress, Pam Bondi vows "one tier of justice for all"
In remarks to Congress, President-elect Donald Trump's choice to lead the Justice Department said that "partisan weaponization of the Department of Justice will end" under her watch.
Biden says "I have given my heart and my soul to our nation" ahead of farewell address
President Biden is addressing the nation from the Oval Office at 8 p.m.
Watch Live: Marco Rubio faces senators at confirmation hearing for secretary of state
Sen. Marco Rubio, President-elect Donald Trump's pick for secretary of state, is facing questions from his Senate colleagues on Wednesday morning.
HealthWatch
More HealthWatch
New recommendations to measure obesity go beyond controversial BMI
Body Mass Index, or BMI, has long been criticized as an unreliable method for measuring obesity — and now a group of experts is sharing new recommendations for how to use it.
FDA bans food dye Red 3, citing concern over cancer in some animals
The red food dye is used in products ranging from candies to vegetarian meats.
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.
3 Boar's Head plants also had unsanitary conditions, USDA records show
Several Boar's Head deli meat plants were cited for unsanitary conditions, not just the factory shut down after a deadly listeria outbreak.
More than 1 drink a day raises risk of dying, federal review concludes
The death risk goes up to 1 in 100 for those who drink alcohol nine times per week, the report found.
World
More World
Cartel leader in plea talks with U.S., keeps lawyer who represented son
Ismael "El Mayo" Zambada decided to stick with the lawyer defending him from U.S. drug trafficking charges despite a possible conflict of interest.
Scientists discover bigger, more venomous spider species
The deadly 3.54-inch-long spider Atrax christenseni is among the most dangerously venomous spiders for humans.
Israel-Hamas ceasefire and hostage release deal reached
After intense negotiations, Israel and Hamas have reached a deal that would see a ceasefire and the exchange of hostages in Gaza for Palestinian prisoners.
Woman says she lost $850,000 to scammers posing as Brad Pitt
The woman said she had believed she was in a romantic relationship with the Hollywood star, leading her to divorce her husband and transfer $850,000.
Major Russian missile strike forces Ukraine to shut down power grid
Russia missiles have pounded energy infrastructure across Ukraine, forcing power cuts in the dead of winter.
Entertainment
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Entertainment
Gwendoline Christie on new "Severance"
The hit show "Severance" returns for season two, where office workers have been altered to forget their outside lives. Gwendoline Christie joins "CBS Mornings" to discuss the intense premise and what's ahead for the series.
Princess Kate announces she's in remission from cancer
Princess Kate made the announcement on social media after visiting the London hospital where she received treatment.
Ayesha Curry on new book imprint
Chef, entrepreneur and author Ayesha Curry joins "CBS Mornings Plus" to discuss expanding her empire into publishing, uplifting diverse voices and why she selected her imprint's first novel "Honeysuckle and Bone" by Trisha Tobias.
Ayesha Curry launches book imprint
Chef, entrepreneur and bestselling author Ayesha Curry expands her empire into publishing with "Sweet July Books," an imprint dedicated to diverse voices. The first novel, "Honeysuckle and Bone" by Trisha Tobias, follows a young woman discovering dark secrets in Jamaica. They join "CBS Mornings."
Carrie Underwood to perform at Trump's inauguration
The country music star is set to perform "America the Beautiful" before Trump takes the oath of office.
Technology
More Technology
How to download your TikTok data in case the app goes dark
Some TikTok users are preparing for the likely ban by downloading their data. Here's how to do it.
Meta is cutting 5% of its workforce, or more than 3,600 employees
Meta will cut about 5% of its workforce, focusing on getting rid of low-performing employees at the social media giant.
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.
SpaceX to launch two lunar landers
Just after midnight Wednesday, a SpaceX rocket is scheduled to lift off, carrying a pair of lunar landers that will try to touch down on the moon in the coming months. One was built by a Japanese company and the other was built by a Texas company. Their mission is to carefully lower to the lunar surface and deliver 10 payloads for NASA.
What would happen to TikTok on my phone if the app is banned?
A law that could ban TikTok in the U.S. is set to take effect on Jan. 19. Here's what that would mean for users of the social media platform.
Science
More Science
SpaceX pushes Starship test flight back one day due to weather
If the weather cooperates, the Starship launch will follow the maiden flight of Jeff Bezos' already weather-delayed New Glenn rocket.
What to know about the pink fire retardant being dropped on L.A. wildfires
Aircraft battling fires raging through the Los Angeles area are dropping hundreds of thousands of gallons of hot-pink fire suppressant in a desperate effort to stop the flames.
When will cicadas come back in 2025?
Brood XIV, the second-largest group of periodical cicadas, known for their noisy mass emergence from the ground, will arrive this spring.
Scientists: "Toxic" semen could kill female mosquitoes, curb disease spread
Female mosquitoes are targeted because only they bite and drink blood, thereby spreading diseases such as malaria and dengue fever.
U.K.'s biggest dinosaur footprint site discovered: "So surreal"
It is hoped the discovery will provide clues about how dinosaurs interacted, as well as their size and the speeds at which they moved.
Crime
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Cartel leader in plea talks with U.S., keeps lawyer who represented son
Ismael "El Mayo" Zambada decided to stick with the lawyer defending him from U.S. drug trafficking charges despite a possible conflict of interest.
Woman says she lost $850,000 to scammers posing as Brad Pitt
The woman said she had believed she was in a romantic relationship with the Hollywood star, leading her to divorce her husband and transfer $850,000.
Dozens arrested in India over alleged 5-year sexual abuse of teen girl
Authorities in southern India have detained almost 50 men suspected of repeatedly raping and sexually abusing a girl from the age of 13.
5 shot dead in Mexican town; body parts found in Gulf coast region
Five people were gunned down on the same street where another attack left eight dead just months earlier.
Chicago customs seized 1,500 Glock switches to turn guns automatic in 2024
Most of the Glock switch shipments had come from China, and were destined for various locations throughout the United States, CPB said.
Space
More Space
SpaceX pushes Starship test flight back one day due to weather
If the weather cooperates, the Starship launch will follow the maiden flight of Jeff Bezos' already weather-delayed New Glenn rocket.
2 commercial landers launched for the moon
A pair of commercial landers are headed to the moon after launching early Wednesday morning from the Kennedy Space Center on a SpaceX Falcon 9 rocket. CBS News space analyst Bill Harwood has more.
2 privately built moon landers carried into space by SpaceX rocket
Firefly's "Blue Moon" and ispace's "Resilience" are the latest in an ongoing push to gain private-sector experience exploring the moon.
Blue Origin postpones first launch of its massive new rocket
Blue Origin called off the debut launch of its massive New Glenn rocket due to technical trouble. The Jeff Bezos-founded company didn't set a new launch date.
Blue Origin preps New Glenn rocket for high-stakes test flight
Blue Origin expects the New Glenn to provide a viable alternative to SpaceX's market-dominating Falcon family of rockets.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
Impeached South Korean president detained
Yoon Suk Yeol, the impeached president of South Korea, was detained Wednesday, one day after a hearing was held to remove him from office. He was taken from his official residence in a convoy of law enforcement vehicles. He was impeached last month after briefly declaring martial law.
Lawmakers react to Israel-Hamas deal
Sen. Marco Rubio (R-Florida) reacted to the news of an Israel-Hamas ceasefire and hostage release deal while he was testifying at his Senate confirmation hearing for the secretary of state post. CBS News' Taurean Small reports from Capitol Hill on the political reaction to the deal's news.
Israel-Hamas ceasefire deal details
An Israel-Hamas ceasefire and hostage release deal has been reached. The agreement follows several attempts to broker a resolution to a violent war in the Gaza Strip and the return home for Israeli hostages taken on Oct. 7, 2023. CBS News' Ramy Inocencio reports from Tel Aviv and Rober Berger has more on the deal's process. Also, Nancy Cordes has more on President-elect Donald Trump's take on the deal.
Wildfires spark misinformation online
As wildfires continue in Southern California, false claims and scams are spreading online, including rumors about the Hollywood sign and looting. Melissa Mahtani joins to help separate fact from fiction.
Trump reacts to Israel-Hamas deal
President-elect Donald Trump is praising the Israel-Hamas ceasefire and hostage release deal, taking partial credit for the successful negotiation brokered by Qatar, Egypt and the U.S. CBS News' Nancy Cordes reports.