Will Fed raise interest rates again this week? Here's what to expect.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
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Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The ailing regional lender is at risk of becoming the third U.S. bank to collapse since March.
The legislation from a bipartisan group of senators would require regulators to claw back all or part of the compensation bank executives got in the five years leading up to a bank's failure.
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
The following is a transcript of an interview with Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, that aired on "Face the Nation" on Sunday, March 26, 2023.
They say government helps wealthy more than middle class amid bank issues.
Bharat Ramamurti, deputy director for the National Economic Council, joins Lana Zak and Errol Barnett ahead of the Federal Reserve's decision on interest rates. He discusses the Biden administration's response to recent bank failures and stubbornly high inflation.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
The treasury secretary says the plan would be set in motion if additional collapses trigger a run on banks.
Regional lender's stock prices plunges 47% even after a group of the nation's biggest banks injected $30 billion in deposits.
About 190 banks could fail if even half of their uninsured depositors withdraw their money, a new study finds.
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
The following is a transcript of an interview with Kara Swisher and Scott Galloway, co-hosts of "Pivot" podcast, that aired on "Face the Nation" on Sunday, March 19, 2023.
The following is a transcript of an interview with H.R. McMaster,former national security adviser in the Trump White House and a CBS News contributor, that aired on "Face the Nation" on Sunday, March 19, 2023.
The following is a transcript of an interview with Gary Cohn, the former top economic adviser in the Trump White House and now vice chairman of IBM, that aired on "Face the Nation" on Sunday, March 19, 2023.
The following is a transcript of an interview with Rep. Patrick McHenry, Republican of North Carolina, that aired on "Face the Nation" on Sunday, March 19, 2023.
The following is a transcript of an interview with Sen. Elizabeth Warren, Democrat of Massachusetts, that aired on "Face the Nation" on Sunday, March 19, 2023.
The banks came under renewed pressure despite emergency measures to bolster their finances.
The president is asking Congress to expand the FDIC's authority to penalize executives of failed banks.
The bankruptcy comes days after its bank was shut down and taken over by regulators amid a solvency crisis.
Martin Luther King Jr.'s daughter Bernice King shared a photo on social media of Jackson and King and wrote, "Both ancestors now..."
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Born from his civil rights work with Dr. Martin Luther King, Jr., and the product of two separate organizations fighting for social justice, economic opportunity and equal rights, Rev. Jesse Jackson, Sr.'s legacy lives on in the Rainbow PUSH Coalition.
Investigators searching for Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, have uncovered several notable pieces of evidence as they try to identify a suspect.
The Rev. Jesse Jackson marched alongside Martin Luther King Jr., ran for president in the 1980s and led the Rainbow/PUSH Coalition in Chicago for decades.
All family members of Nancy Guthrie have been cleared as suspects in her disappearance, authorities in Arizona said.
Defending Olympic champion Eileen Gu took silver in freeski big air at the 2026 Winter Olympics as Canada's Megan Oldham won the gold medal on Monday night.
Police said the deadly shooting during a high school boys' hockey game in Pawtucket, Rhode Island, appears to have stemmed from a family dispute.
After a decade of rapid growth, Lululemon is struggling to find its footing in an increasingly saturated market.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
A device that can pick up certain electronic signals is being used in the search for Nancy Guthrie, as it may detect emissions from her pacemaker, sources told CBS News.
Forecasters predicted filers would benefit from larger checks this year due to a series of new tax provisions in the "one big, beautiful" bill.
Minnesota's top investigative agency said Monday the federal government has formally refused to hand over evidence and information in the killing of Alex Pretti.
In their first television interview, the parents of 19-year-old Katherine Ferruzzo are demanding changes from Camp Mystic, where their daughter died in last summer's devastating floods.
Most retail and food establishments will remain open, but services like mail delivery will be suspended for the federal holiday.
Pima County Sheriff Chris Nanos told CBS News the suspect's backpack is one of the most promising leads in the case, as the search continues for Nancy Guthrie.
A CBS News investigation found the FBI investigated more than 170 cases of passengers assaulting other passengers on flights in 2024.
Nancy Guthrie has been missing since Feb. 1 and her daughter, "Today" show co-host Savannah Guthrie, has posted several videos pleading for her return.
In a CBS News "Things That Matter" town hall, Maryland Gov. Wes Moore blasted President Trump — but also urged Democrats to change their perception as "the party of no and slow."
On this "Face the Nation with Margaret Brennan" broadcast, Tom Homan and House Minority Leader Hakeem Jeffries join Ed O'Keefe.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
The Lac La Belle was one of the most popular steamers on Lake Michigan. It went down in 1872.
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.
The unsolved murder of Mary Kay Heese, 17, a high school junior from Wahoo, Nebraska, has hung over the community for five decades. Will what is believed to be the state's oldest cold case finally be solved?
Casey Wasserman, the chair of the 2028 Los Angeles Olympics organizing committee, says he is selling his eponymous talent agency in the wake of the release of emails between himself and Ghislaine Maxwell.
Martin Luther King Jr.'s daughter Bernice King shared a photo on social media of Jackson and King and wrote, "Both ancestors now..."
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Born from his civil rights work with Dr. Martin Luther King, Jr., and the product of two separate organizations fighting for social justice, economic opportunity and equal rights, Rev. Jesse Jackson, Sr.'s legacy lives on in the Rainbow PUSH Coalition.
Investigators searching for Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, have uncovered several notable pieces of evidence as they try to identify a suspect.
The Rev. Jesse Jackson marched alongside Martin Luther King Jr., ran for president in the 1980s and led the Rainbow/PUSH Coalition in Chicago for decades.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
After a decade of rapid growth, Lululemon is struggling to find its footing in an increasingly saturated market.
Forecasters predicted filers would benefit from larger checks this year due to a series of new tax provisions in the "one big, beautiful" bill.
Most retail and food establishments will remain open, but services like mail delivery will be suspended for the federal holiday.
Prediction markets are taking bets this Valentine's Day that celebrity relationships can thrive — or break apart.
Iran and the U.S. traded threats and warnings even as negotiators sat down to discuss a deal to avert a war, but Tehran says "we now have a clearer path ahead."
Martin Luther King Jr.'s daughter Bernice King shared a photo on social media of Jackson and King and wrote, "Both ancestors now..."
The Rev. Jesse Jackson marched alongside Martin Luther King Jr., ran for president in the 1980s and led the Rainbow/PUSH Coalition in Chicago for decades.
State lawmakers are promising accountability after a CBS News California investigation found they failed to enact three out of four state audit recommendations. CBS News California built an audit accountability tracker to help.
Many of Hungary's neighbors say Prime Minister Viktor Orbán is eroding democracy, but President Trump is forging closer relations with the Putin ally.
Twenty one states in the U.S. have confirmed cases of measles.
The Trump administration's new discounted drug platform, TrumpRx, isn't a game-changer for consumers, health care experts said.
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
The Marshall Project found more than 70,000 cases referred to law enforcement over allegations of substance use during pregnancy — and that's a significant undercount.
Iran and the U.S. traded threats and warnings even as negotiators sat down to discuss a deal to avert a war, but Tehran says "we now have a clearer path ahead."
The U.S. is brokering a 3rd round of Russia-Ukraine talks, but there's little hope of a breakthrough to end the deadliest war on European soil in 80 years.
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Defending Olympic champion Eileen Gu took silver in freeski big air at the 2026 Winter Olympics as Canada's Megan Oldham won the gold medal on Monday night.
Austrian public prosecutors filed terrorism-related charges Monday against a 21-year-old defendant who they say planned to attack Taylor Swift's Eras Tour in 2024.
Oscar-winning actor Robert Duvall died on Sunday at the age of 95. Duvall starred in classics like "The Godfather" and "Apocalypse Now." Vladimir Duthiers looks back at his career.
Robert Duvall, known for his roles in "The Godfather," "Apocalypse Now" and more, has died at 95, his wife announced in a social media post Monday. CBS News correspondent Shanelle Kaul has more.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
The high-profile ESPN and SiriusXM commentator and bestselling author is a combative and colorful voice on sports. But now, with a weekly political show in which he interviews government leaders, he is raising eyebrows in Washington, too.
High-profile ESPN and SiriusXM commentator and bestselling author Stephen A. Smith is a combative and colorful voice on sports. But now, with a weekly political show, in which he interviews government leaders, he is gaining notice in Washington, too. Smith talks with "Sunday Morning" national correspondent Robert Costa about his journey and whether he might soon be on a debate stage.
Matt Shumer joins "CBS Mornings" to discuss his now viral article, "Something Big Is Happening." He writes that AI's "capability for massive disruption could be here by the end of this year." Shumer explains why he wrote the article, and his message to concerned readers.
If you've been on social media this week, you've likely seen an ominous warning about artificial intelligence in your feed: "Something big is happening." An essay from the CEO of an AI company, Matt Shumer, likens the current moment to February 2020, right before the start of COVID. Nate Soares, co-author of "If Anyone Builds It, Everyone Dies," joins to discuss.
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.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
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.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
As the search for Nancy Guthrie continues, the Pima County sheriff for the first time is officially ruling out her family members, including siblings and spouses, as possible suspects. Meanwhile, investigators are also using a device known as a "signal sniffer" to try to detect transmissions from Guthrie's pacemaker. Jonathan Vigliotti reports.
Pima County Sheriff Chris Nanos said Nancy Guthrie's family members and their spouses have been cleared as possible suspects in her disappearance. This comes as more details emerge about potential evidence in the case. CBS News' Jonathan Vigliotti reports.
Former Secretary of State Hillary Clinton, who is being pressured to testify on what she knows about Jeffrey Epstein's dealings, is accusing the Trump administration of a cover-up over the Justice Department's handling of the Epstein files release. CBS News' Natalie Brand reports.
At least two people were killed, and three others were injured during a shooting at a high school hockey game in Pawtucket, Rhode Island, on Monday. CBS News' Anna Schecter has the latest confirmed information.
Investigators searching for Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, have uncovered several notable pieces of evidence as they try to identify a suspect.
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 United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
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.
Marc Morial, president and CEO of the National Urban League, speaks to "CBS Mornings" about the legacy and impact of the Rev. Jesse Jackson, who died at the age of 84. Morial highlighted Jackson's political impact on future Democratic candidates, his work with Dr. Martin Luther King Jr., and more.
Matt Shumer joins "CBS Mornings" to discuss his now viral article, "Something Big Is Happening." He writes that AI's "capability for massive disruption could be here by the end of this year." Shumer explains why he wrote the article, and his message to concerned readers.
A powerful storm is hitting California with torrential rain, heavy snow and high winds, impacting more than 30 million people. Rob Marciano reports.
The Rev. Jesse Jackson, a civil rights icon and two-time presidential candidate, has died at the age of 84, his family said. Jackson worked alongside Dr. Martin Luther King Jr. and founded the Rainbow PUSH Coalition. Ed O'Keefe looks at his legacy.
Tennessee Republican lawmakers are pushing a set of bills targeting the LGBTQ+ community. CBS News' Natalie Valdes reports.