Fed leaves interest rates unchanged
The Federal Reserve has announced interest rates will remain unchanged for the second time this year. CBS News business analyst Jill Schlesinger and CBS News contributor J.D. Durkin react to the decision.
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The Federal Reserve has announced interest rates will remain unchanged for the second time this year. CBS News business analyst Jill Schlesinger and CBS News contributor J.D. Durkin react to the decision.
New data shows that about one in four borrowers in the area of Los Angeles' Palisades Fire are at risk of falling behind on their mortgage payments. Sarah McGregor, Bloomberg News managing editor of the national desk, breaks it down.
The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in 2025.
The number of Americans applying for unemployment benefits fell slightly last week. Meanwhile, the average 30-year mortgage rate hit 6.85%, the highest since July. CBS News contributor Javier David breaks it down.
2024 was a departure from the high inflation numbers of just two years ago, but the fight against rising prices is not over. CBS News MoneyWatch correspondent Kelly O'Grady looks back on the biggest economic and business stories of the year.
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted Rossman joins "The Daily Report" to discuss.
There are several things to consider before buying a home with someone else. NerdWallet's Holden Lewis joins CBS News with some tips to keep in mind when making a purchase.
New economic data is trickling in and the latest producer price index numbers could signal a potential trend about the state of inflation in the U.S. CBS MoneyWatch correspondent Kelly O'Grady has more.
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.
Voters consistently list the economy as one of the top issues that drove them to the polls. CBS News contributor J.D. Durkin breaks down President-elect Donald Trump's economic proposals and what they mean for Americans' finances.
Federal Reserve Chair Jerome Powell announced an interest rate cut Thursday for the second time in the last three months as inflation continues to decline. CBS News contributor Javier E. David has more on what that might mean for you.
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the cut's impact.
The Federal Reserve will announce Thursday whether it will cut interest rates again after a jumbo cut in September. CBS News business analyst Jill Schlesinger breaks down what economists expect.
Vice President Kamala Harris has proposed building three million new homes and rental units, while former President Donald Trump has said he will reduce mortgage rates by slashing inflation.
In today's tough housing market, homebuyers face high mortgage rates — but it's not the first time. A CBS News report from 1979 shows a young family in Chicago struggling with even steeper rates of 11%. Here's a look back at how history is repeating itself.
Mortgage rates dropped after the Fed's interest rate cut announcement in September. Although rates appear to have slightly risen since dropping to a record two-year low, experts still believe they will trend down if the U.S. economy remains stable. Bankrate's Mark Hamrick joins CBS News with more.
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
The Federal Reserve's interest rate cut announcement has already affected the prices of some mortgage rates and credit card interest rates. CBS MoneyWatch associate managing editor Aimee Picchi reports.
The Federal Reserve Board's announcement to cut interest rates has made stocks surge for now and mortgage rates slightly drop. CBS News senior business and technology correspondent Jo Ling Kent looks at the data.
The real estate market is especially tough for first-time homebuyers like Shruti Chauhan, who has been hunting for years.
The CBS News Confirmed team investigated housing scams that are impacting Americans nationwide. CBS News national consumer correspondent Ash-har Quraishi has more on avoiding scams when buying or renting a home.
Many prospective first-time home buyers feel like they're at a disadvantage as they face high interest rates and competition from a spiking number of all-cash offers. CBS News correspondent Nancy Chen has more.
Andrew Mountbatten-Windsor, King Charles III's younger brother, has been arrested over suspected misconduct in public office after revelations in the Epstein files.
A CBS News analysis found 126 cases that were brought by federal prosecutors last year arising out of threats to public officials.
Former Prince Andrew's arrest followed the release of a massive trove of Epstein files by the U.S. Justice Department that included a series of potentially incriminating documents related to his activities as trade envoy.
As Trump pressures Iran, he's spoken of an "armada" heading for the Mideast, but there's another massive movement of American fire power in the air.
The FBI has been in touch with the Mexican government and Mexican law enforcement regarding the disappearance of Nancy Guthrie, law enforcement sources told CBS News.
The U.S. Treasury Department on Thursday sanctioned Kovay Gardens, accusing the Mexican resort of operating under the direction of the Cartel de Jalisco Nueva Generación, or CJNG.
Patel took an FBI jet to Italy and plans to watch the Men's USA Olympic hockey team compete in the semi-finals and the finals, multiple sources said.
A commission that advises the federal government on architecture and the arts voted to approve President Trump's overhaul of the White House East Wing.
Abigail Shry was due to begin serving a 27-month federal prison sentence this week for threatening a federal judge, but she failed to appear.
Patel took an FBI jet to Italy and plans to watch the Men's USA Olympic hockey team compete in the semi-finals and the finals, multiple sources said.
Virginia Gov. Abigail Spanberger will deliver the Democratic response to President Trump's State of the Union address next week.
Abigail Shry was due to begin serving a 27-month federal prison sentence this week for threatening a federal judge, but she failed to appear.
Olympians often hold down jobs to pay the bills, highlighting the financial challenges facing many athletes competing on the Olympic stage.
President Trump made the announcement during the first meeting of his Board of Peace, although the funding source is unclear.
Olympians often hold down jobs to pay the bills, highlighting the financial challenges facing many athletes competing on the Olympic stage.
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
Separate gear and engine problems with some Nissan Rogue compact SUVs can cause them to lose power, safety regulators warn.
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
California wine giant Gallo is set to close one of its Bay Area production facilities, laying off nearly 100 workers there and at four other wineries and tasting rooms in Napa and Sonoma counties.
Patel took an FBI jet to Italy and plans to watch the Men's USA Olympic hockey team compete in the semi-finals and the finals, multiple sources said.
Virginia Gov. Abigail Spanberger will deliver the Democratic response to President Trump's State of the Union address next week.
Abigail Shry was due to begin serving a 27-month federal prison sentence this week for threatening a federal judge, but she failed to appear.
President Trump made the announcement during the first meeting of his Board of Peace, although the funding source is unclear.
Former Prince Andrew's arrest followed the release of a massive trove of Epstein files by the U.S. Justice Department that included a series of potentially incriminating documents related to his activities as trade envoy.
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
The Centers for Disease Control and Prevention hasn't had a Senate confirmed director since last summer, and that official was in the job for less than a month.
With the reversal from the FDA, Moderna said it is aiming to make the vaccine available for the 2026-27 flu season.
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Twenty one states in the U.S. have confirmed cases of measles.
Team USA speedskater Jordan Stolz came just short of his third Olympic gold on Thursday, taking silver in the men's 1,500-meter race.
Former Prince Andrew's arrest followed the release of a massive trove of Epstein files by the U.S. Justice Department that included a series of potentially incriminating documents related to his activities as trade envoy.
The U.S. Treasury Department on Thursday sanctioned Kovay Gardens, accusing the Mexican resort of operating under the direction of the Cartel de Jalisco Nueva Generación, or CJNG.
The FBI has been in touch with the Mexican government and Mexican law enforcement regarding the disappearance of Nancy Guthrie, law enforcement sources told CBS News.
The head of the U.N. nuclear watchdog agency says Iran's enriched uranium "is still there," as he stresses the urgency of diplomacy to avert a U.S.-Iran war.
A ByteDance AI-generated video that appears to show Brad Pitt and Tom Cruise in a fight scene has sent shock waves across Hollywood. Actor Sean Astin, the president of the SAG-AFTRA labor unions, joins CBS News with more.
Former "America's Next Top Model" contestant Eva Marcille, known as Eva Pigford on the show, joins "CBS Mornings" to discuss the new docuseries exploring the show's controversies. Marcille, the winner of season three in 2004, describes the shocking revelations she learned through watching the docuseries.
Druski speaks to "CBS Mornings" about how he rose to global fame after starting his comedy skits on Instagram in 2017 and some of the controversy in his work, including at the NFL Honors earlier this month.
Jon Taffer is debuting a new season of "Bar Rescue" on Paramount+, and he joined CBS News 24/7 Mornings with more on what to expect.
For 24 seasons, supermodel Tyra Banks promised young women the chance to become the next big name in fashion on the show "America's Next Top Model." In a new Netflix documentary, former contestants, judges and Banks herself revisit some of the more controversial episodes of the reality show that aired from 2003 to 2018.
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
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 CEO Mark Zuckerberg testified Wednesday in a civil case over social media addiction allegations that skyrocketing social media use shows how people value the sites and it's not a strategy to keep users addicted. Jo Ling Kent reports.
Mark Zuckerberg took the stand on Wednesday to fight off allegations that Instagram was intentionally designed to be addictive, especially to kids. Jo Ling Kent was in the courtroom and has more on the landmark trial.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Former Prince Andrew's arrest for suspected misconduct in public office has rocked the U.K. Tom Symonds with BBC News, a CBS News partner, has more.
The FBI is in touch with Mexican officials regarding the search for Nancu Guthrie, law enforcement sources tell CBS News. Andres Gutierrez reports.
Andrew Mountbatten-Windsor has been arrested in the U.K. for suspected misconduct in public office following the latest release of Jeffrey Epstein files by the Justice Department. CBS News' Ramy Inocencio reports, and People's Erin Hill joins with more details.
126 people were charged in 2025 for making threats to federal and top state officials, according to an analysis by CBS News. Jake Rosen reports.
As news emerges of former Prince Andrew's arrest in the U.K., questions remain about new potential charges in the U.S. linked to the latest batch of Epstein files released by the Justice Department. CBS News' Jake Rosen has more.
NASA wants to make sure repairs have eliminated the hydrogen leaks detected during an initial fueling test of the Artemis II moon rocket earlier this month.
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
President Trump held a Board of Peace meeting in Washington, D.C. on Thursday. This comes as tensions rise in the Middle East surrounding Iran's nuclear capabilities. CBS News' Ed O'Keefe and Charlie D'Agata report.
The AI-generated headshot market is booming as professionals seek new portraits to help in their career progression. CBS' Evyn Moon reports.
The U.S. is competing for the gold against Canada in women's hockey at the Winter Olympics. Olympian Haley Skarupa joins CBS News with more.
A ByteDance AI-generated video that appears to show Brad Pitt and Tom Cruise in a fight scene has sent shock waves across Hollywood. Actor Sean Astin, the president of the SAG-AFTRA labor unions, joins CBS News with more.
President Trump is warning that "bad things" will happen if Iran does not agree to his demands regarding its nuclear program. Matt Gertken, the chief geopolitical strategist at BCA Research, joins CBS News with more insight.