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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.
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
A new CBS News poll finds Americans are more hopeful about 2025 than 2024. CBS News executive director of elections and surveys Anthony Salvanto unpacks the numbers.
Pope Francis has told Vatican bureaucrats to stop speaking ill of one another, calling gossip "an evil that destroys social life."
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.
U.S. stocks are stabilizing following one of their worst days of the year.
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
President-elect Donald Trump's proposed tariffs on Canada haven't even gone into effect and they've already plunged Prime Minister Justin Trudeau's government into turmoil. On Monday, Trudeau's finance minister and deputy prime minister resigned, sharing a sharply critical assessment of her old boss in a public letter. Mercedes Stephenson, Ottawa bureau chief for Canada's Global News, joins "America Decides" to discuss Trudeau's future.
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
President-elect Donald Trump held his first post-election news conference Monday. While speaking to reporters at his Mar-a-Lago estate in Florida, Trump addressed a range of issues including his Cabinet picks, foreign policy and trade. CBS News chief Washington correspondent Major Garrett has the details.
Gary Cohn, the IBM vice chairman who served as an economic adviser in Trump's first term, tells "Face the Nation with Margaret Brennan" that President-elect Donald Trump is inheriting a "very good economy, a very stable economy" and "net-net, we are talking about a very positive business and cycle going forward into 2025."
President-elect Donald Trump's promise to impose tariffs could cause toy prices to increase, as 85% of those sold in the U.S. are imported from China. NPR chief economics correspondent Scott Horsley joins "The Daily Report" to discuss the tariffs' potential impact on the toy industry.
President-elect Donald Trump returned to his hometown of New York City on Thursday to ring the opening bell at the New York Stock Exchange. Wall Street investors seem to have embraced the incoming administration as all three major indexes have hit record highs since Election Day. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday to celebrate being recognized as Time's Person of the Year once again. In an interview with the magazine, Trump reiterated his plan to carry out mass deportations when he takes office. CBS News congressional correspondent Nikole Killion has more.
President-elect Donald Trump will succeed Taylor Swift as Time Magazine's Person of the Year. It's the second time Trump has been awarded that distinction. CBS News' Nikole Killion and Jennifer Jacobs have more.
President-elect Donald Trump visited Wall Street and the New York Stock Exchange Thursday morning where he rang the opening bell to start trading for the day. CBS News MoneyWatch correspondent Kelly O'Grady and CBS News contributor J.D. Durkin have more on Trump's visit and the state of the economy.
Trump rings opening bell at New York Stock Exchange; Mysterious drone sightings over New Jersey prompt concerns from residents and lawmakers.
The annual inflation rate in the U.S. ticked up slightly in November. The Bureau of Labor Statistics reported that the Consumer Price Index for all items rose 2.7% in the past year, which was in line with economists' expectations. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
President-elect Donald Trump plans to deport up to 11 million undocumented immigrants. But how much will it cost? Jeremy Robbins, executive director for the American Immigration Council, joins "America Decides" to look at the impact many say will go far beyond the billions needed just to carry out the removals.
President Biden touted his economic record during a speech on Tuesday, despite high prices being a key factor in President-elect Donald Trump's win. CBS News political correspondent Caitlin Huey-Burns has more.
A federal judge has temporarily blocked the merger of grocery giants Kroger and Albertsons after a three-week hearing. The Federal Trade Commission sued over the $25 billion deal in February, asking that it be put on hold to allow more time for an FTC administrative judge to examine its potential impacts. The FTC claims that allowing Kroger and Albertsons to merge would lead to less competition in the grocery industry and higher prices.
Experts say evidence in the Azerbaijan Airlines plane crash in Kazakhstan points to a possible midair explosion, not an encounter with a flock of birds.
The Supreme Court will hear arguments Jan. 10 in TikTok's challenge of a law that could lead to a ban of the widely popular platform.
Greg Gumbel, the renowned CBS Sports anchor and commentator, has died of cancer at the age of 78.
NASA's Parker Solar Probe hurtled through the sizzling solar atmosphere and passed within a record-breaking 3.8 million miles of the sun's surface.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
Marc Fogel, a Pennsylvania man imprisoned in Russia, has been designated as "wrongfully detained," according to the U.S. Department of State.
Kazakhstan, Azerbaijan and Russia all opened investigations into the cause of the crash of Azerbaijan Airlines Flight 8243.
South Korea's opposition-controlled National Assembly voted to impeach acting President Han Duck-soo, further deepening the country's political crisis.
Winners can either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.
Greg Gumbel, the renowned CBS Sports anchor and commentator, has died of cancer at the age of 78.
Kilauea Volcano in Hawaii started erupting on Dec. 23rd, after a three-month pause.
The Supreme Court will hear arguments Jan. 10 in TikTok's challenge of a law that could lead to a ban of the widely popular platform.
Elon Musk and Vivek Ramaswamy are calling for the U.S. to admit more foreign tech workers. Not all Republicans agree with them.
Winners can either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.
Elon Musk and Vivek Ramaswamy are calling for the U.S. to admit more foreign tech workers. Not all Republicans agree with them.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
The proposed rule is required under a law passed by Congress last year, and is intended to ensure the safety of makeup and baby powder.
The National Retail Federation expects about 17% of sales to be returned this year.
Fungal contamination of an eye product is known to potentially cause eye infections, which may be vision- or life-threatening, according to the FDA.
The Supreme Court will hear arguments Jan. 10 in TikTok's challenge of a law that could lead to a ban of the widely popular platform.
Marc Fogel, a Pennsylvania man imprisoned in Russia, has been designated as "wrongfully detained," according to the U.S. Department of State.
Cabrera is county commissioner of District 6, which represents parts of Coral Gables, Hialeah and the City of Miami.
President Biden's final holiday in office will take place largely out of the public eye.
Here's what to know about the United States' involvement with building and operating the Panama Canal.
The proposed rule is required under a law passed by Congress last year, and is intended to ensure the safety of makeup and baby powder.
Fungal contamination of an eye product is known to potentially cause eye infections, which may be vision- or life-threatening, according to the FDA.
Busy lives have many of us juggling multiple tasks at once, but is that really multitasking? Here's what expert Linda Stone has learned about the myth of multitasking.
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Kazakhstan, Azerbaijan and Russia all opened investigations into the cause of the crash of Azerbaijan Airlines Flight 8243.
Marc Fogel, a Pennsylvania man imprisoned in Russia, has been designated as "wrongfully detained," according to the U.S. Department of State.
Italy's Foreign Ministry says it's trying to "clarify the legal situation of Cecilia Sala" more than a week after she was detained while reporting in Iran.
Osamu Suzuki, the charismatic former boss of Japanese mini-vehicle maker Suzuki Motor Corp., has died.
Researchers say human-caused climate change dealt people an average of nearly six weeks of extra extreme heat in 2024, while also fueling more destructive storms.
Cheyenne Grace, a rising star from North Texas who is a high school student, is topping the iTunes charts with her debut holiday album, "Home for Christmas."
Baltimore's victory over Houston averaged 24.3 million viewers, while Kansas City's win at Pittsburgh averaged 24.1 million, according to early viewer figures released by Nielsen.
A judge ruled that a woman who says she was raped by Jay-Z and Sean "Diddy" Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls.
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
New artificial intelligence features appeared across the tech landscape this year, from the latest iPhone to chatbots like Google's Gemini. Adam Auriemma, the editor-in-chief at CNET, joins CBS News 24/7 with more.
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.
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
TVs are some of the most popular items to fly off store shelves during the holidays. But this year, experts say shoppers are going bigger than ever. CBS News' Jeff Wagner explains.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Medical examiners are using DNA evidence in hopes of identifying the woman who was burned alive on a New York City subway. CBS News legal contributor Jessica Levinson has more. Plus, more details on allegations against music mogul Jay-Z.
More than 2 years after Tennessee abruptly halted the execution of Oscar Smith, the state announced a new lethal injection method.
Authorities have found 12 skeletons buried in clandestine graves in Mexico's northern Chihuahua state near the U.S. border, officials say.
A grand jury has indicted the man accused of setting a woman on fire aboard a Brooklyn subway train, Brooklyn DA Eric Gonzalez announced Friday.
Japanese death-row inmate Chisako Kakehi, dubbed the "Black Widow" after she used cyanide to kill her elderly lovers, has died in a detention center at age 78, officials say,
NASA's Parker Solar Probe hurtled through the sizzling solar atmosphere and passed within a record-breaking 3.8 million miles of the sun's surface.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
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 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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
President-elect Donald Trump's incoming administration members are set to meet with a pair of top Canadian officials in Florida as Trump continues to mock the country's Prime Minister Justin Trudeau. CBS News political reporter Taurean Small has the latest details.
The New Year's Eve ball that will usher in 2025 for the thousands celebrating in New York City's Times Square will be retired after January 1. CBS News New York's John Dias reports.
Medical examiners are using DNA evidence in hopes of identifying the woman who was burned alive on a New York City subway. CBS News legal contributor Jessica Levinson has more. Plus, more details on allegations against music mogul Jay-Z.
South Korea's acting President Han Duck-soo has been impeached by the opposition party controlling the National Assembly. This comes weeks after President Yoon Suk Yeol's imposed martial law, leading to his own impeachment. Jean Mackenzie with BBC News, a CBS News partner, has more.
Vivek Ramaswamy, a close ally to President-elect Donald Trump, is linking U.S. immigration woes, and the hiring of tech workers overseas, to an apparent American preference for certain 90s sitcom characters. CBS News' Taurean Small has more on the latest take regarding immigrants.