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The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
The Fed has raised interest rates again. Nancy Cordes joins "CBS News Mornings" to explain the impact this could have at the White House.
The Federal Reserve increased its key interest rate by a quarter of a point Wednesday, the 10th straight hike since last March. Anita Hamilton, assistant managing editor at Barron's, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the effects of the hikes.
The Federal Reserve raised its key interest rate another quarter of a percentage point Wednesday in its ongoing effort to bring inflation down. The increase is the 10th straight interest-rate hike since last March in what has been the most aggressive rate-hiking campaign since the 1980s. The hikes are among factors being blamed for the biggest banking sector meltdown since the 2008 financial crisis. Nancy Cordes has more details from the White House.
The Federal Reserve pushed interest rates to the highest point since 2007 to combat inflation. Critics warn the hikes could lead to a recession. Nancy Cordes reports.
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The Federal Reserve has raised its key interest rate another quarter of a percentage point, setting it at its highest level since 2007. Javier David, managing editor for business and markets at Axios, and Major Garrett, CBS News chief Washington correspondent, have more.
The Federal Reserve is expected to raise interest rates Wednesday for the tenth consecutive time in just over a year. Rod von Lipsey, a managing director for UBS Private Wealth Management, joins Errol Barnett and Lana Zak to discuss the anticipated decision.
A decision is expected Wednesday from the Federal Reserve on whether to raise interest rates again. CBS News reporter Sarah Ewall-Wice joined CBS News' Anne-Marie Green to discuss what to expect from the Fed and what Democratic lawmakers could do in regard to interest rates.
The Federal Reserve is expected to hike interest rates again in an attempt to lower high inflation rates. Jeanna Smialek, Federal Reserve and economy reporter at The New York Times, joins "CBS News Mornings" to explain the impact of the previous rate hikes and why they've continued.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
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 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.
Autopsy says central bank didn't appreciate "seriousness of critical deficiencies" in SVB's governance, contributing to the failure.
The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.
Victor Calanog, the head of commercial real estate economics for Moody's Analytics, joins Errol Barnett and Roxana Saberi to discuss the lasting effect the pandemic has had on commercial real estate. He details rising office space vacancy, what's shifted for storefronts, and more.
EMG Advisors CEO and lead portfolio manager Will McDonough spoke with CBS News' Lana Zak and Lilia Luciano about how investors are reacting to earnings reports from Goldman Sachs and some other major companies.
Several major banks are seeing growth with the release of their first quarter earnings. The positive news comes a month after the collapse of Silicon Valley bank and Signature Bank. Jacob Sonenshine is a markets reporter at Barron's. He joins CBS News for more.
Inflation cooled down to its lowest level in nearly two years last month. Bharat Ramamurti, White House National Economic Council deputy director, joined Prime Time to share what's next on the road to economic recovery.
Stocks closed lower following latest update on inflation and warning of possible recession.
The stock market closed relatively flat Wednesday following the release of the new inflation data in the Consumer Price index. BancAlliance president Lori Bettinger joined CBS News to discuss what the information means for investors.
The latest Consumer Price Index report shows inflation cooled last month. CBS News reporter Sarah Ewall-Wice joins Errol Barnett and Lana Zak to break down the latest data and how it could impact potential future interest rate hikes.
The Jeju Air plane burst into flames after veering off a runway and slamming into a wall at an airport in the South Korean city of Muan.
Donald Trump is getting ready to battle Congress as he returns to the White House. But Washington has a way of pushing back against presidents. New York Times reporter Carl Hulse discusses the prospects of "governing by crisis."
Azerbaijani President Ilham Aliyev also accused Russia of trying to "hush up" the issue for several days.
A powerful storm front spawned multiple tornadoes in the Greater Houston metro area Saturday afternoon, officials said.
Germany is to vote in an early election on Feb. 23 after Chancellor Olaf Scholz's three-party governing coalition collapsed last month.
Ukrainians are worried that the next U.S. president will stop the supply of weapons being used to defend themselves against Russia's invasion - and pressure Kyiv into surrendering territory to Vladimir Putin.
Data from the Centers for Disease Control and Prevention show cases of norovirus, the highly contagious stomach bug, are surging in parts of the U.S.
Hundreds of thousands of Palestinians displaced by nearly 15 months of war are huddled in tents along the rainy, windswept coast as winter arrives.
Prosecutors believed Maria Muñoz's death was suspicious, but they weren't sure if she had died by suicide, from an accidental overdose or if she had been murdered.
On this "Face the Nation with Margaret Brennan" broadcast, the annual correspondents' roundtable and Dr. Leana Wen join Major Garrett.
Data from the Centers for Disease Control and Prevention show cases of norovirus, the highly contagious stomach bug, are surging in parts of the U.S.
A brave and timely memoir that describes Lucy Sante's life and the struggle to be true to herself, and her decision - at age 66 - to announce that she was transgender.
It's New Year's, a time for us to consider what resolutions mean to us. "Sunday Morning" correspondent Faith Salie talks about how to stay present in our lives as time marches on.
"Sunday Morning" remembers some of the newsworthy men and women who passed away this year – musicians and storytellers, athletes and activists – who touched us with their creativity and humanity.
The journalist-editor explains how special economic zones, tax havens, and free ports are carving up the planet for the highest bidders – and leaving millions of people worse off.
Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.
Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures" or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling by mid-January.
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.
On this "Face the Nation with Margaret Brennan" broadcast, the annual correspondents' roundtable and Dr. Leana Wen join Major Garrett.
The following is a transcript of an interview with Aditya Bhave, senior economist at Bank of America, on "Face the Nation with Margaret Brennan" that aired on Dec. 29, 2024.
The following is the full transcript of an interview with Dr. Leana Wen on "Face the Nation with Margaret Brennan" that aired on Dec. 29, 2024.
Germany is to vote in an early election on Feb. 23 after Chancellor Olaf Scholz's three-party governing coalition collapsed last month.
Donald Trump is getting ready to battle Congress as he returns to the White House. But Washington has a way of pushing back against presidents. New York Times reporter Carl Hulse discusses the prospects of "governing by crisis."
Horse-powered therapy at the Legacy Ranch outside of Chicago has helped people with mental, occupational and physical challenges on their road to recovery. Charlie De Mar reports on how the ranch is literally and physically getting folks back on the horse.
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.
Hundreds of thousands of Palestinians displaced by nearly 15 months of war are huddled in tents along the rainy, windswept coast as winter arrives.
Germany is to vote in an early election on Feb. 23 after Chancellor Olaf Scholz's three-party governing coalition collapsed last month.
Israeli airstrikes in Gaza, and its attacks on Hezbollah in Lebanon, have humiliated the anti-Israel government in Iran, while the fall of the Assad regime in Syria and the return of Trump are stirring uncertainty in the region.
Mexico's cartel-related violence is concentrated in or along drug trafficking routes, borders and ports of entry.
Ukrainians are worried that the next U.S. president will stop the supply of weapons being used to defend themselves against Russia's invasion - and pressure Kyiv into surrendering territory to Vladimir Putin.
The Washington Post book reviewer offers his picks for some of "the best of the best" fiction and non-fiction of the year.
The Washington Post book reviewer offers his picks for some of "the best of the best" fiction and non-fiction of the year.
"Sunday Morning" checks out the top-grossing films of the past year.
The comedian, who will host the Golden Globes on January 5, says she thrives on anxiety.
On January 5, Nikki Glaser will host the Golden Globes on CBS – her biggest audience to date. Correspondent Luke Burbank follows the comedian, who says she thrives on anxiety, as she prepares for the big night with her writing team. The Golden Globes gig caps a year that saw the release of Glaser's acclaimed comedy special, "Someday You'll Die," and her fierce roasting of Tom Brady.
President-elect Donald Trump asked the Supreme Court Friday to pause a potential U.S. ban on TikTok from taking effect. In his brief, he said he said he wants to delay the ban in order to give time for his incoming administration to "pursue a negotiated resolution."
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
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.
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.
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.
Americans throw away billions of pounds of used clothes every year. But now, California is the first state to hold textile companies responsible for their products from start to finish. CBS News' Danya Bacchus 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.
Mexico's cartel-related violence is concentrated in or along drug trafficking routes, borders and ports of entry.
Prosecutors believed Maria Muñoz's death was suspicious, but they weren't sure if she had died by suicide, from an accidental overdose or if she had been murdered.
Nick Shaughnessy and two hit men were sentenced to 35 years, Jackie Edison served 120 days for their roles in the murder of affluent jeweler Ted Shaughnessy, and the attempted murder of his wife Corey.
Tangipahoa Parish Sheriff Gerald Sticker said the two had met on a gaming platform.
A man accused of setting a woman on fire in a New York City subway train has now been indicted on state murder charges. CBS News New York reporter Hannah Kliger has more.
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.
Missed the second half of the show? The latest on... the bird flu and the economy.
Dr. Leana Wen, the former Baltimore health commissioner, tells "Face the Nation with Margaret Brennan," that amid the concerns over the bird flu, the Biden administration should be making rapid tests available and ask the FDA to authorize the already-existing H5N1 vaccine. "I feel like we should have learned our lesson from COVID that just because we aren't testing, it doesn't mean that the virus isn't there," she said.
David Rubenstein, co-founder and co-chairman of the Carlyle Group and author of "The Highest Calling" about the highs and lows of some of America's most consequential presidents, joins "Face the Nation with Margaret Brennan" to discuss the role of the American president with President Biden set to leave office and President-elect Donald Trump set to take the White House again.
CBS News correspondents Jan Crawford, Scott MacFarlane, Robert Costa, Caitlin Huey-Burns and Ed O'Keefe join Major Garrett to discuss the biggest stories of the year as well as their predictions for 2025.
Bank of America senior economist Aditya Bhave tells "Face the Nation with Margaret Brennan" that the "economy has really solid momentum" going into 2025. Although with President-elect Donald Trump set to take office, Bhave says that "from a market perspective, I think the two biggest issues will actually be fiscal policy and trade policy, and there's a lot of uncertainty around those … just as there is around immigration policy."