Why the Fed is likely to trim interest rates further
Trade war jitters, a manufacturing slowdown and other factors point to a second rate cut this year by the Fed
Federal Reserve
What interest rate cuts mean for your money
Federal Reserve Bank leaders, working to prevent an economic slowdown, begin two days of meetings on Tuesday. Economists predict they will announce an interest rate cut of 25 basis points, or a quarter of a percent. It would be the second cut this year. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss how this could affect your bottom line.
NYT: Fed chips away at bank regulations
The Federal Reserve is making a series of changes to requirements put in place to prevent a repeat of the 2008 financial crisis. According to the New York Times, the changes could add up to a weakening of banks' ability to withstand financial losses if the economy takes a turn for the worse. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBSN to discuss.
Ex-Fed official says central bank should stop enabling Trump
William Dudley, former head of the New York Fed, calls the China trade war a "manufactured disaster-in-the-making"
Trump putting economy front & center for 2020
President Trump is focusing on the economy ahead of the 2020 election. But a recent CBS News poll shows Americans are split on the future of the economy. Axios' Alayna Treene, The Washington Post's Heather Long, and Republican strategist Kevin Sheridan join CBSN's "Red and Blue" to discuss.
Trump's trade policy a big problem for the Fed, Powell says
Federal Reserve Chairman Jerome Powell said interest-rate cuts can't offset the impact of trade tensions
The Fed says trade is main reason U.S. economy is slowing
While President Trump blasts Jerome Powell for slowdown, Fed officials put the blame squarely on trade tensions
"Inverted yield curve" sparks recession fears
Investors are uncertain about the economy after the yield curve, an indicator on the bond market, inverted for the first time in more than a decade, potentially signaling the risk of recession. CBS News correspondent Don Dahler reported from the New York Stock Exchange.
Why the "inverted yield curve" is fueling recession fears
Although bond investors are increasingly pessimistic about the economy, a major downturn could still be years away
Housing market reacts to Fed decision
Real estate expert Rogers Healy explains how the housing market is reacting to the Federal Reserve's decision to lower interest rates for the first time in a decade.
Trump tariff takes aim at two foes: China and the Fed
White House's latest China tariff threat intended to scare central bank into more interest-rate cuts, analysts say
Potential impact of Fed interest rate cut
The Federal Reserve lowered interest rates by a quarter point for the first time in more than a decade. The aim is to bolster the U.S. economy amid early signs of a global slowdown. CBS News business analyst Jill Schlesinger joins CBSN to explain how the central bank's move impacts you.
What the Fed's first rate cut since 2008 means for your wallet
Expect relatively quick drops in rates for home-equity loans, credit card rates and, alas, many savings accounts
What the Fed interest rate cut means for you
The cost of borrowing is coming down. For the first time since the 2008 financial crisis, the Federal Reserve cut interest rates. The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. CBS News business analyst Jill Schlesinger joins "CBS This Morning" with a look at what the decision means for your wallet.
Fed lowers interest rates for first time since 2008
A quarter of a percentage point drop in a key Fed interest rate comes after years of disappointing economic growth
7/31/19: CBSN Evening News
Progressives and moderates face off in Detroit; Family of John Dillinger to exhume his body.
Fed cuts key interest rate
The cost of borrowing is going down, but so is the return on savings, after the Federal Reserve cut a key interest rate. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain how it will impact Americans.
Fed cuts key rate for 1st time in a decade
U.S. unemployment is down, and the economy is expanding, but concerns about slowing global growth has prompted the Federal Reserve to cut its key interest rate by a quarter-point for the first time in more than a decade. CBS News business analyst Jill Schlesinger joined CBSN to explain what's behind the decision.
What a Fed move to cut rates would mean for you
For most Americans, lower borrowing costs might not help as much as it has in the past -- here's why
Fed is poised to cut rates for first time since the recession
The central bank is expected to cut its benchmark short-term rate later today, making the first reduction since 2008
U.S. economic growth slows to 2.1%, dinged by exports
The slowdown in economic growth may increase the likelihood of a rate cut from the Federal Reserve next week
Record-high temperatures could scorch U.S. economy
Climate change has the potential to sap the U.S. economy more than tariffs or other man-made threats
Powell disagrees with Trump on nearly everything
On climate change, gold standard, even the president's authority, the Fed chair and the man who appointed him are at odds
Fed's Powell says "hot" labor market is overhyped
The nation's central bank chief threw cold water on the idea that the current job market is the "strongest ever"
Fed chair Jay Powell slams returning U.S. to gold standard
Trump nominee Judy Shelton wants to put the U.S. back on a gold standard --but no other country uses it, Powell noted
Trump threatens to impose sweeping new tariffs on Mexico, Canada and China
He said he'd do it to help crack down on illegal immigration and drugs. Economists say such tariffs could dramatically raise prices on everything from gas to autos.
Chinese military aircraft shadow U.S. Navy spy plane over Taiwan Strait
China sent military planes to track a U.S. anti-submarine Navy aircraft as it transited the Taiwan Strait, Beijing says, as tension mounts between the superpowers.
Special counsel seeks to end bid to revive documents case against Trump
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
FBI agent acquitted in 2020 train shooting is arrested for sexual assault
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
Trump transition aide Boris Epshteyn sparking internal strife over appointments
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Walmart the latest big corporation to scale back DEI policies
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Osprey ferrying White House staff in N.Y. grounded due to safety issue
An Osprey being used to ferry White House staff and government officials from an event in New York was grounded Monday.
World's oldest man dies in England
John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.
Drake accuses Spotify, UMG of inflating Kendrick Lamar's "Not Like Us"
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
U.S.
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FBI agent acquitted in 2020 train shooting is arrested for sexual assault
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
Osprey ferrying White House staff in N.Y. grounded due to safety issue
An Osprey being used to ferry White House staff and government officials from an event in New York was grounded Monday.
Sonar image was not Amelia Earhart plane, exploration team says
A sonar image suspected of showing the remains of the plane of Amelia Earhart has turned out to be a rock formation.
Animal rescue pilot and dog killed in plane crash; 2 dogs survive
Seuk Kim was flying three dogs from Maryland to Albany, New York, when the plane crashed in the snowy woods of the Catskill Mountains, officials said.
Planning to retire at 65? Most Americans have to stop working earlier.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
MoneyWatch
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Biden wants drugs like Wegovy, Ozempic covered by Medicare, Medicaid
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart the latest big corporation to scale back DEI policies
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Planning to retire at 65? Most Americans have to stop working earlier.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
Trump threatens to impose new tariffs on Mexico, Canada and China on first day in office
President-elect Donald Trump threatened to impose new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
Starbucks impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Politics
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No-fault divorce advocates start to fret as talk of banning it bubbles up
Warnings have been popping up on social media urging women who might be considering divorce to "pull the trigger" while they still have the option of no-fault divorce.
Biden wants drugs like Wegovy, Ozempic covered by Medicare, Medicaid
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart the latest big corporation to scale back DEI policies
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Biden will attend Trump's inauguration in January, White House says
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
White House Christmas tree came from Helene-devastated tree farm
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
HealthWatch
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West Virginia ends promising subsidy program for GLP-1 weight loss drugs
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
As many as 1 in 5 people won't lose weight with GLP-1 drugs, experts say
About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.
A study to devise nutritional guidance just for you
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
A study to personalize nutrition guidance just for you
From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.
New treatments offer hope for older patients with a deadly cancer diagnosis
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
World
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Chinese military aircraft shadow U.S. Navy spy plane over Taiwan Strait
China sent military planes to track a U.S. anti-submarine Navy aircraft as it transited the Taiwan Strait, Beijing says, as tension mounts between the superpowers.
Baboons are clashing with humans in South Africa's tourist hotspots
South Africa's Cape Peninsula is a big tourist draw, but it's also home to hundreds of brazen baboons, and there's fear people-monkey encounters are set to rise.
World's oldest man dies in England
John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.
Lawmakers brawl over deadly train station roof collapse in Serbia
Scuffles and fistfights broke out weeks after a deadly rail station roof collapse that ignited tensions in the Balkan state.
Mystery of serial shoe robber solved when camera catches culprit
Police thought a shoe thief was on the loose at a kindergarten, until a security camera caught the furry culprit in action.
Entertainment
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Entertainment
Brittney Griner shares pictures of baby Bash
Brittney Griner and her wife Cherelle welcomed their son, Bash, in July. Now, they're sharing adorable family photos and looking ahead to their first Christmas together.
Drake accuses Spotify, UMG of inflating Kendrick Lamar's "Not Like Us"
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
"Glicked" sweeps box office
"Wicked" led the box office with $114 million, while "Gladiator II" earned $55 million in a record-setting pre-Thanksgiving weekend. The combined success marks the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic. Rebecca Rubin, a senior film and media reporter with Variety, has more.
"Wicked," "Gladiator II" soar at box office
While "Gladiator II" earned $55 million at the box office domestically, "Wicked" soared with $114 million. It was the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic, with the two movies earning the nickname "Glicked."
Best-selling novelist Barbara Taylor Bradford dies at 91
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
Technology
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Technology
AI grandma tool helps fend off phone scams
British phone company Virgin Media O2 has developed an AI-generated grandmother to talk to scammers all day and waste their time so you don't have to. CBS News Confirmed executive producer Melissa Mahtani has more on the "grandma" and how you can protect yourself from phone scams.
Starbucks impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
How AI powered robots are helping small farms
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.
How AI can help to plan your next vacation
More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
Science
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Science
Dishing up space food
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
How are U.S. winters permanently changing?
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
Emperor penguin found on Australian beach released at sea after 20 days of care
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Crime
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Crime
Menendez brothers resentencing delayed
A hearing for Erik and Lyle Menendez, brothers convicted of killing their parents more than three decades ago, was postponed Monday after technical issues with the brothers' virtual appearance. The family of the brothers are asking a judge to reduce their sentences of life without parole.
FBI agent acquitted in 2020 train shooting is arrested for sexual assault
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
Menendez brothers resentencing delayed
A California judge on Monday delayed his decision on whether to resentence the Menendez brothers until January. In October, the outgoing Los Angeles district attorney requested a judge reconsider Lyle and Erik's sentences for the 1989 murders of their parents after new evidence was introduced. CBS News correspondent Elise Preston reports.
NFL, NBA warn players about burglaries
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
Paths for Menendez brothers' freedom
There are three legal paths for the Menendez brothers to potentially leave prison after serving several decades for the 1989 killings of their parents. CBS News legal contributor Jessica Levinson breaks down the latest in their legal battle.
Space
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Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
Trump, Musk attend SpaceX launch
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.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
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.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
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.
Summer music heats up 2024
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.
Latest CBS News Videos
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Latest CBS News Videos
Walmart U.S. CEO on Trump tariffs
John Furner, president and CEO of Walmart U.S., speaks exclusively with "CBS Mornings" about the potential impact of President-elect Donald Trump's tariffs, what to expect this holiday shopping season and its new DEI initiatives. On Monday, Walmart confirmed it's rolling back some of its diversity, equity and inclusion programs.
A day in the life of a plane
CBS News senior transportation correspondent Kris Van Cleave traveled across the country with Southwest Airlines to show what one day in the life of a plane looks like.
23andMe CEO discusses company's future
23andMe CEO Anne Wojcicki discusses the company's future following a major data security incident that led to a $30 million settlement. 23andMe admitted no wrongdoing as a part of the proposed agreement. Wojcicki spoke exclusively to "CBS Mornings" co-host Gayle King.
Menendez brothers resentencing delayed
A hearing for Erik and Lyle Menendez, brothers convicted of killing their parents more than three decades ago, was postponed Monday after technical issues with the brothers' virtual appearance. The family of the brothers are asking a judge to reduce their sentences of life without parole.
Judge dismisses Trump's D.C. election case
On Monday, a federal judge dismissed the election interference case against President-elect Donald Trump after special counsel Jack Smith said it should be dropped. Smith said Trump's reelection means he cannot be tried on charges tied to the Jan. 6 assault on the U.S. Capitol or the illegal possession of classified documents stored at his Mar-a-Lago resort. Smith asked a federal appeals court to remove Trump as a defendant in the classified documents case in Florida, which is currently on appeal.