Margarine and butter prices are soaring. Here's why.
CBSN
The cost of butter and margarine has skyrocketed over the last year, one of several humble kitchen staples that have surged in price amid the fiercest inflation in 40 years.
As of December margarine prices were up a whopping 44% from a year ago, according to the Consumer Price Index, while butter prices jumped 31% during the same period. The average price of butter soared to $4.81 per pound in December, up from $3.47 a year prior, according to the Federal Reserve Bank of St. Louis.
Waterbury, Conn. — A Connecticut man who said he was held captive for 20 years was rescued after setting fire to his room and telling first responders he did it to gain his freedom, police said Wednesday.
Robert Morris, founding pastor of Gateway Church, a megachurch in Southlake, Texas, has been indicted on five counts of lewd or indecent acts with a child, stemming from alleged incidents dating back to the 1980s, the Oklahoma attorney general's office announced Wednesday. We are aware of the actions being taken by the legal authorities in Oklahoma and are grateful for the work of the justice system in holding abusers accountable for their actions. We continue to pray for Cindy Clemishire and her family, for the members and staff of Gateway Church, and for all of those impacted by this terrible situation.
President Trump has pardoned a former Republican Tennessee lawmaker who was two weeks into a 21-month prison sentence for an illegal campaign finance scheme that he pleaded guilty to in 2022, before he tried unsuccessfully to take back his plea.
The arrest of Mahmoud Khalil , a green card holder and former Columbia University student involved in pro-Palestinian campus protests in 2024, is raising questions about the rights of permanent residents in the United States.
Sweeping 25% tariffs on all U.S. steel and aluminum imports could cause a rise in prices for a wide range of products including cars and washing machines and other consumer goods, as well as components used in manufacturing and construction, such as nails.
Washington — Less than two months since President Trump's inauguration, the Republican-led Senate has confirmed nearly every one of his Cabinet nominees.
The Environmental Protection Agency on Wednesday said it would "formally reconsider" a landmark 2009 finding by the agency that greenhouse gases are a danger to public health.
Another norovirus outbreak sickened passengers on board the cruise ship Coral Princess in February, marking the second outbreak this year on the ocean liner operated by Princess Cruises, according to the Centers for Disease Control and Prevention.
The former boyfriend of an Iowa woman who vanished 36 years ago has been arrested and charged with first-degree murder in her disappearance, officials said Tuesday.
President Trump sparked concerns this week when he declined to rule out the possibility of a U.S. recession this year. Asked on Fox news if he expects such a slump, Mr. Trump said, "I hate to predict things like that. There is a period of transition because what we're doing is very big."
Environmental Protection Agency administrator Lee Zeldin is "eliminating all diversity, equity and inclusion and environmental justice offices and positions immediately," according to screenshots of an internal memo obtained by CBS News.
A Texas man has been charged with murder in the shooting death of his fiancé, state officials said Monday. The suspect allegedly made disturbing searches online before the shooting, CBS affiliate KHOU reported.
Washington — Senate Democrats are considering their next move after the House narrowly passed a stopgap measure to keep the government funded through September, with a fast-approaching Friday deadline to avert a possible government shutdown.