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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 great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
The latest jobs report showed that the U.S. added 272,000 jobs last month, significantly higher than forecasters had expected. Michael George has more.
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
Although the rate of inflation still appears to be declining, in January it did not cool as targeted. Heather Boushey, a member of President Biden's Council of Economic Advisers, joins CBS News with the administration's reaction to the fresh data.
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
The Federal Reserve will hold its benchmark interest rate steady. CBS News business analyst Jill Schlesinger and J.D. Durkin, a CBS News contributor and host of the financial news website TheStreet, look at the implications.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
Jobs in the United States rose higher than experts predicted, according to new August data released Tuesday. Carleton English, a reporter at Barron's, joins CBS News ahead of new unemployment data expected on Friday.
The Federal Reserve released a report on the circumstances surrounding the collapse of Silicon Valley Bank. CBS News' Nikki Battiste and Elaine Quijano speak with reporter Sarah Ewall-Wice about what investigators found.
Officials are stepping in after Silicon Valley Bank and Signature Bank failed last week to make sure deposits are safe for investors. Fast Company contributor James Surowiecki joins "CBS News Mornings" to discuss what went wrong and how the government is responding.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Her approval was on a narrow, party-line vote of 51-50, with Vice President Kamala Harris casting the decisive one.
Final polls before Election Day 2024 show Trump and Harris tied in key battleground states as Americans await results. See the latest updates and stream live coverage here.
CBS News will have extensive live coverage of the 2024 election results as the votes come in. Here's how to watch on TV, cable or streaming.
Seven battleground states, which which could swing to either the Democrats or Republicans, hold the keys to the 2024 election between Donald Trump and Kamala Harris.
Donald Trump is still a billionaire, but his net worth has fluctuated sharply this year along with the value of one of his main investments.
A hurricane warning is in effect for the Cayman Islands and a hurricane watch for parts of Cuba as Tropical Storm Rafael churns toward the Gulf of Mexico.
When people cast ballots in the 2024 presidential election, their votes translate into Electoral College representation. Many wonder why the system still exists, and if it should.
Boeing sweetened its offer to thousands of striking factory workers, leading machinists union to back the deal.
A judge in Pennsylvania ruled Elon Musk's PAC's $1 million voter sweepstakes can continue through Tuesday's election.
Officials are investigating whether the devices were part of a larger operation directed by Russia or outside individuals acting in the interests of Russia, a source said.
Despite being second in line to the U.S. presidency, the vice president earns less than Supreme Court justices.
Members of Congress haven't given themselves a raise since 2009, but House lawmakers still earn six figures.
A Kenyan man was convicted Monday of plotting a 9/11-style attack on a U.S. building on behalf of the terrorist organization al-Shabab.
The simple copper and cardboard urns gathering dust on shelves only had the name of each of the 28 soldiers — but nothing linking them to the Civil War.
The U.S. president's salary has remained unchanged since 2001. Here is how much the nation's chief executive earns.
Despite being second in line to the U.S. presidency, the vice president earns less than Supreme Court justices.
Members of Congress haven't given themselves a raise since 2009, but House lawmakers still earn six figures.
The U.S. president's salary has remained unchanged since 2001. Here is how much the nation's chief executive earns.
On Election Day 2024, here's what is open and closed, including banks, stores, the post office and more.
Donald Trump is still a billionaire, but his net worth has fluctuated sharply this year along with the value of one of his main investments.
Despite being second in line to the U.S. presidency, the vice president earns less than Supreme Court justices.
Sen. Tammy Baldwin is fighting to hold onto her Senate seat in a tight race against Republican Eric Hovde in Wisconsin.
Polls showed Sen. Jacky Rosen leading Republican Sam Brown in Nevada as Election Day approached, but the state has historically posed polling difficulties.
Sen. Sherrod Brown is fighting for reelection in Ohio, facing a serious challenge from Republican Bernie Moreno as the GOP seeks to gain a Senate majority.
The Nebraska Senate race has grown unexpectedly competitive as independent candidate Dan Osborn challenges Republican incumbent Sen. Deb Fischer.
Robert F. Kennedy Jr.'s recent comments on fluoride are prompting questions about its safety in drinking water. Here's what to know.
As tensions mount ahead of Election Day 2024, here are some last-minute tips to ease stress and anxiety, according to experts.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
Run for Recovery, a new program, offers a boot camp for people in recovery from substance use who dream of holding political office.
Experts say Southwest District Health in Idaho is the first public health department in the nation to be restricted from giving COVID-19 vaccines.
Colombia's foreign ministry said that all of the victims were migrants who had been "caught in the crossfire."
North Korea and its partner Russia say Kim Jong Un's U.N. resolution-breaking missile tests are a justified reaction to U.S. military provocations.
While Vice President Kamala Harris has promised to keep current limits on asylum, former President Donald Trump has vowed to seal the southern border altogether.
The attackers shot a man recovering from a gunshot wound more than 10 times, then killed officers who tried to stop them, officials said.
Indonesian volcano Mount Lewotobi Laki Laki, one of the "husband and wife mountains" on Flores island, erupts, covering villages in thick ash and hot embers.
Producer, composer and arranger Quincy Jones died Sunday, November 3, 2024, at age 91. In this "Sunday Morning" report that originally aired on March 9, 2008, correspondent John Blackstone talked with the impresario about his indelible mark on contemporary music - from being hired by Lionel Hampton at age 15, to his collaborations with icons like Frank Sinatra, to spotting the untapped potential of a young Michael Jackson.
Actor Cole Hauser joins "CBS Mornings" to discuss the return of the hit series "Yellowstone," the Dutton family's fight to protect their land, and his role as Rip Wheeler.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
In September 2023, British media outlets Channel 4 and the Sunday Times published claims by four women of being sexually assaulted or raped by Russell Brand between 2006 and 2013.
Three top government agencies are calling out two fabricated videos spreading lies about early voting, and they say a familiar foe is to blame. Nicole Sganga has more.
Elon Musk is encouraging X users to report instances of voter fraud in a new group on the platform. Many of the posts are unsubstantiated or false.
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.
Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.
While scam phone calls have slightly decreased in the last three years, scam texts have tripled. A consumer report found that phone companies need to do more to prevent robocalls and texts for customers. CBS News correspondent Nancy Chen has more.
The presidential race and high-profile congressional contests may be dominating election coverage and fundraising, but many local and state elections are poised to affect the nation's progress on climate action and the shift toward clean energy. CBS News national correspondent Dave Malkoff has more.
East Coast and southern U.S. states experienced high temperatures this Halloween, with the heat forecast set to break records. CBS News 24/7 anchor Lana Zak reports on the weather and how New Yorkers celebrated the festivities.
A new report from the World Weather Attribution group has found that the 10 deadliest weather events of the last 20 years were intensified by manmade climate change. CBS News climate correspondent David Schecter has more.
Transportation is a lifeline, but experts say it's aging, underfunded and unable to withstand more frequent and intense extreme weather events. And if changes aren't made quickly, the EPA says the costs will be "steep," with hundreds of billions of dollars of damage every year.
Hurricane Helene is one of the deadliest hurricanes to make landfall in the mainland U.S. For many places across Florida, Tennessee and the Carolinas, recovery could take months or even years — and the next president will play a vital role in what that process looks like when they take office in three months. Here's what to know about Project 2025, former President Donald Trump's and Vice President Kamala Harris' stances on extreme weather, disaster recovery, and the root of the increasing frequency and power of storms — climate change.
Colombia's foreign ministry said that all of the victims were migrants who had been "caught in the crossfire."
A Kenyan man was convicted Monday of plotting a 9/11-style attack on a U.S. building on behalf of the terrorist organization al-Shabab.
The attackers shot a man recovering from a gunshot wound more than 10 times, then killed officers who tried to stop them, officials said.
A former police officer in Columbus, Ohio, who shot and killed Andre Hill has been found guilty in the shooting.
A leader of the folk saint cult was gunned down along with another woman and child at an altar to the skeletal figure, authorities said.
With an Election Day docking, the cargo ship will deliver 3 tons of supplies and equipment, including an unusual wooden satellite.
Two sister meteor showers are already flashing across night skies — and will peak a week apart.
NASA confirmed its sun-observing spacecraft captured the moment when the comet Atlas broke into chunks this week as it passed close to the sun.
A Chinese spacecraft carrying a three-person crew, including the country's first female space engineer, has successfully docked with China's orbiting space station. The launch comes as Beijing works to expand its space exploration and put a person on the moon by 2030.
A new crew of three Chinese astronauts, including the country's only woman spaceflight engineer, entered the Tiangong space station following an early morning launch into orbit.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
33,000 Boeing workers could be back on the job as soon as Wednesday after they voted to accept the planemaker's latest contract offer, ending a 7-week strike. The new deal includes a 38% wage increase over four years, but it does not include a reinstated pension, which had been a key sticking point for the union.
Vice President Kamala Harris and former President Donald Trump have reached the end of their campaign trails and the polls have opened for Election Day across America. CBS News' Aaron Navarro, Libby Cathey and Fin Gómez have the latest on the candidates' last messages for voters and when we can expect to see results.
Dixville Notch, a small town in New Hampshire known for casting their presidential ballots at midnight on Election Day, split their vote this year with three votes going for Kamala Harris and three votes going for Donald Trump. There are six registered voters in the unincorporated township -- four Republicans and two independents, who also make up the entirety of the area's population.
Law enforcement and intelligence agencies across the federal government are assembling operation centers in preparation for Election Day. CBS News' David Becker, Nicole Sganga and Catherine Cole have more.
Former Maryland Gov. Larry Hogan is hoping to flip the state's open Senate seat from blue to red. Hogan joins CBS News to assess the state of his campaign one day out from Election Day.