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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.
The panel's ranking Democrat, Rep. Susan Wild, said there was "no consensus" on the issue and the committee agreed to reconvene on Dec. 5.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Trump signaled this week that he would enlist the help of the U.S. military for his massive deportation operation.
Bryan Kohberger is charged with four counts of first degree murder in the 2022 stabbing deaths of four University of Idaho students.
Four men chosen by President-elect Donald Trump for top positions have been accused of varying degrees of sexual misconduct.
Guyger was convicted six years ago of shooting and killing Jean in his apartment, which she said she thought was her own.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
The American died in the tourist town of Vang Vieng, Laos, the State Department confirmed.
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
The waters off of Cape Cod, Massachusetts are teeming with life, especially dolphins. More than ever, these animals are getting stranded on the shore, with the number spiking this year.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
As millions of Americans get ready to hit the road ahead of the Thanksgiving holiday, Sheetz is offering a deal on fuel.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
A village in Sardinia is trying to entice politics-weary Americans to buy cheap homes in Italy.
Conspiracies persist, although it is effectively impossible to steal a major election in the United States.
Trump signaled this week that he would enlist the help of the U.S. military for his massive deportation operation.
Rep. Susan Wild said there was "no consensus" on the issue and the committee agreed to reconvene on Dec. 5.
Four men chosen by President-elect Donald Trump for top positions have been accused of varying degrees of sexual misconduct.
Some voters are hoping President-elect Donald Trump may send out another stimulus check. Here's what the experts say.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
Florida sued the FDA over what it said was a "reckless delay" in approving its drug importation plan. Now, nearly a year after the FDA gave the state the green light, the program has yet to begin.
CDC data shows rates of Mycoplasma pneumoniae have surged in babies.
Dr. Mehmet Oz unsuccessfully ran for Senate in 2022. Now he's Trump's choice to lead the Centers for Medicare and Medicaid Services.
The American died in the tourist town of Vang Vieng, Laos, the State Department confirmed.
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
Drug cartel gunmen also attacked a funeral convoy of cars accompanying the body of one of the victims in the first attack, officials said.
China said the airspace violation occurred when the plane's pilot took emergency measures due to turbulence, Japan's Foreign Ministry said.
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
Paul Mescal discusses his experience working with Oscar winner Denzel Washington in "Gladiator II," and what it was like to work on intense scenes together.
Award-winning singer Clay Aiken, who rose to fame on American Idol, joins "CBS Mornings Plus" to talk about his new holiday album, "Christmas Bells Are Ringing," and his rendition of Bing Crosby's "Do You Hear What I Hear?"
Paul Mescal joins "CBS Mornings" to discuss his role as Lucius in "Gladiator II," the son of Maximus and Lucilla, who is thrust into the arena to fight for the Roman Empire 15 years after Maximus' death.
CBS News' Anthony Mason joins Paul Simon on a trip to the Stanford Initiative to Cure Hearing Loss, to explore how researchers are getting closer to finding answers about repairing and preventing hearing loss.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
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 study found that Elon Musk is the most common celebrity used in deepfake scams.
SpaceX successfully launched its Super Heavy-Starship rocket from Texas for its sixth test flight Tuesday with its CEO Elon Musk and President-elect Donald Trump looking on. CBS News correspondent Jason Allen has more on the launch.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
The carcass was comparable to the width of a college basketball court and female, according to biologists.
Former leaders and climate experts have issued a letter calling the U.N.'s annual climate meeting "no longer fit for purpose." Recently, CBS News spoke with U.S. Energy Secretary Jennifer Granholm about the summit and what the incoming Trump presidency means for clean energy and climate change. The conversation took place before the president-elect made his pick for energy secretary.
A judge Wednesday found a Venezuelan migrant guilty on all counts in the murder earlier this year of Georgia nursing student Laken Riley. He was sentenced to life in prison without the possibility of parole. Manuel Bojorquez has the latest.
Bryan Kohberger is charged with four counts of first degree murder in the 2022 stabbing deaths of four University of Idaho students.
South Florida native Harun Abdul-Malik Yener was charged with attempted use of an explosive to damage or destroy a building used in interstate commerce.
The "Rust" film premiere in Poland occurred three years after the fatal on-set shooting of cinematographer Halyna Hutchins. Alec Baldwin was not present. CBS News' Chris Livesay reports.
The Georgia judge who convicted Jose Ibarra for charges related to the death of nursing student Laken Riley sentenced the undocumented immigrant to life in prison without the possibility of parole. CBS News' Manuel Bojorquez reports and Jessica Levinson breaks down the verdict.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
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.
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.
House Speaker Mike Johnson on Wednesday took aim at incoming Democratic Rep. Sarah McBride, the first ever transgender member elected to Congress, with his decision to bar transgender people from using bathrooms in the Capitol Complex that do not align with their sex assigned at birth. Scott MacFarlane has more.
President-elect Donald Trump confirmed that he plans to address illegal immigration in the U.S. through a mass deportation program. CBS News MoneyWatch correspondent Kelly O'Grady discusses how such a plan could affect the food industry.
President-elect Donald Trump announced he plans to nominate former wrestling executive Linda McMahon as education secretary. Washington Post political investigative reporter Beth Reinhard joins "The Daily Report" to discuss her qualifications and plans.
President-elect Donald Trump is urging Republicans to slow down President Biden's judicial nominations before January. There are currently 44 vacancies, and 14 of Mr. Biden's nominations await Senate approval. Wall Street Journal Supreme Court correspondent Jess Bravin joins "The Daily Report" to discuss.
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.