Jay Powell: "I don't see a recession" in 2019
The Federal Reserve chief also says he'll be "patient" with rate hikes while looking at the global economic picture
Federal Reserve
Federal Reserve cautious on future rate hikes
Some monetary policymakers didn't want to raise interest rates in December, signaling concern about economic slowdown
Fed Chair says he wouldn't resign if Trump asked
Central bank chief, joined by Janet Yellen and Ben Bernanke, says monetary policy must remain independent of politics
Trump talks shutdown, economy, Russia probe
President Trump says the partial government shutdown will continue until Congress agrees to fund a border wall. He spoke about that plus concerns about the economy and other issues from the Oval Office on Christmas Day. Watch his remarks.
President Trump blames Fed for economic jitters
As market rout deepens, the president is ratcheting up the tension with monetary policymakers
Dow falls below 23,000 for first time in 14 months
After years of easy money, investors are spooked by rising interest rates and slowing U.S. growth
What to do (and not do) as interest rates rise
Sure, the economy keeps growing even with the Fed's latest rate hike, but you still need to be ready for what's ahead
Fed raises key interest rate
The Federal Reserve raised its key interest rate by a quarter percent Wednesday, marking its fourth increase this year. The news caused stock markets to reverse course. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain.
What Powell's decision means for the markets
Stock markets dropped after the Fed predicted economic growth would slow next year. Associated Press writer Josh Boak joins CBSN for more.
Fed chairman speaks on interest rate hike
The Fed has raised interest rates four times this year, meaning it believes the economy is still growing rapidly despite stock market turmoil. However, the central bank plans to raise rates more slowly in 2019.
Fed hikes rates, but nods to slowing growth
In a notable policy shift, the Fed now expects to raise rates more slowly in 2019 amid signs of a cooling economy
Fed likely to hike rates again, despite Trump's tweets
And the president's complaining about higher interest rates isn't the only problem the central bank faces
Is Wall Street signaling a U.S. recession ahead?
The stock market's tumble could be an ominous warning or just misguided – here's where to look for the signs
Stocks stanch the bleeding ahead of key Fed decision
Investors looking for signs that Federal Reserve officials may slow their push to hike interest rates
Fed rate moves for 2019: The suspense is building
With one more hike likely this week, the betting on what happens next year has plenty of wild cards in play
Uncertainty behind declines in stock market
The Federal Reserve begins a two-day meeting Tuesday and is expected to raise interest rates. This comes amid sharp stock declines that are hammering Americans' 401(k)s. The Dow plunged 507 points Monday, and the S&P 500 dropped 54 points. It is down nearly five percent for the year. CBS News financial contributor Mellody Hobson joins "CBS This Morning" to explain the market uncertainty.
These banks offer savers rates higher than 2%
While traditional banks tend to pay less than 1% on savings accounts and CDs, these places are offering more than 2%
"Broken" Washington called threat to U.S. economy
Geithner and fellow financial crisis vets Paulson and Bernanke agree U.S. ill-prepared to combat inevitable next crisis
Fed survey sees tariffs adding to "increased uncertainty"
Its latest nationwide report on economic conditions says growth continues in most regions, but threats are rising
The "yield curve" is inverting (gasp!) — should investors freak out?
The bond market is sending up signals that often foretell recession — but here's why this time may be different
Fed Chairman Jerome Powell: The U.S. still faces economic challenges
The Fed chairman said slow wage growth and a decline in economic mobility are hampering the country
Millennials are much poorer than their parents
Forget the "avocado toast" stereotype -- young adults spend their money no differently than past generations did
Fed officials show more caution on future interest rate hikes
While still on track to raise rates again next month, some Fed members see a possible slowing of hikes in 2019
Is Trump right in accusing Fed chief of hurting the economy?
The president has had a field day bashing Jerome Powell, but his underlying economic gripe isn't so nuts
Trump slams Fed, denies climate science
President Donald Trump has been speaking out against the Federal Reserve's monetary policy and also said he doesn't believe a report on climate change from his own administration. CBS News Washington correspondent Paula Reid and The Hill editor-in-chief Bob Cusack join CBSN to discuss the president's remarks.
Watch Live: Biden to speak as Israel-Hezbollah ceasefire expected
Israeli Prime Minister Benjamin Netanyahu said Tuesday that he will recommend his ministers accept the ceasefire deal.
Thanksgiving weather forecast maps show snow storms, winter cold fronts
Winter storm weather is forecast to bring snow to different parts of the country in the days around Thanksgiving 2024, potentially interrupting travel.
Mexico suggests it could retaliate with tariffs after Trump threat
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Fugitive on FBI's Most Wanted Terrorists list arrested in U.K.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
Walmart U.S. CEO explains the retailer's DEI policy rollback
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Trump "border czar" Tom Homan vows "there is going to be a mass deportation"
Tom Homan and Texas Gov. Greg Abbott served meals to troops stationed in Eagle Pass and Edinburg as part of Operation Lone Star.
Why Thanksgiving may feel different for Americans on weight loss drugs
This may be the first Thanksgiving for millions of Americans who are on GLP-1 agonists like Ozempic, Zepbound or Wegovy.
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.
Airport closes runways in search for dog that escaped from plane
The plan is to get close enough to tranquilize the animal with a hypodermic needle, airport officials said.
U.S.
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Rudy Giuliani says he's out of money during court appearance
Former New York City Mayor Rudy Giuliani appeared in court Tuesday to face questions about his payments in the Georgia election defamation case. He claimed he's out of money.
Child care can cost more than families pay for rent, mortgage, college
In some parts of the U.S., parents pay more than $30,000 annually for infant care at a center, federal data shows.
Thanksgiving weather forecast maps show snow storms, winter cold fronts
Winter storm weather is forecast to bring snow to different parts of the country in the days around Thanksgiving 2024, potentially interrupting travel.
Poll: Most say they'll try to avoid political talk at Thanksgiving
Americans are most thankful for family and friends, which may be why they'll try to steer away from politics at Thanksgiving.
Walmart U.S. CEO explains the retailer's DEI policy rollback
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
MoneyWatch
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Child care can cost more than families pay for rent, mortgage, college
In some parts of the U.S., parents pay more than $30,000 annually for infant care at a center, federal data shows.
Walmart U.S. CEO explains the retailer's DEI policy rollback
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Mexico suggests it could retaliate with tariffs after Trump threat
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
A day in the life of a Southwest plane during Thanksgiving travel season
Southwest Airlines gears up for record-breaking Thanksgiving travel, coordinating thousands of flights daily to ensure millions of passengers reach their destinations.
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.
Politics
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Poll: Most say they'll try to avoid political talk at Thanksgiving
Americans are most thankful for family and friends, which may be why they'll try to steer away from politics at Thanksgiving.
Mexico suggests it could retaliate with tariffs after Trump threat
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Trump "border czar" Tom Homan vows "there is going to be a mass deportation"
Tom Homan and Texas Gov. Greg Abbott served meals to troops stationed in Eagle Pass and Edinburg as part of Operation Lone Star.
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.
HealthWatch
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Why Thanksgiving may feel different for Americans on weight loss drugs
This may be the first Thanksgiving for millions of Americans who are on GLP-1 agonists like Ozempic, Zepbound or Wegovy.
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.
World
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Airport closes runways in search for dog that escaped from plane
The plan is to get close enough to tranquilize the animal with a hypodermic needle, airport officials said.
Mexico suggests it could retaliate with tariffs after Trump threat
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Fugitive on FBI's Most Wanted Terrorists list arrested in U.K.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
Watch Live: Biden to speak as Israel-Hezbollah ceasefire expected
Israeli Prime Minister Benjamin Netanyahu said Tuesday that he will recommend his ministers accept the ceasefire deal.
U.S. says unexplained drone sightings near U.K. military bases ongoing
The U.S. Air Force says more unexplained drones have been sighted near major British military bases used by American forces.
Entertainment
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Entertainment
Danielle Pinnock talks "Ghosts"
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in the hit CBS comedy "Ghosts," where she plays a spirited 1920s jazz singer with plenty of sass.
Colman Domingo on starring in "The Madness"
From Emmy wins to Oscar nods, Colman Domingo reflects on his career and dives into his latest role in Netflix's "The Madness."
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.
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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Fugitive on FBI's Most Wanted Terrorists list arrested in U.K.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
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.
Space
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Webb telescope captures stunning new image of the "Sombrero galaxy"
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
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.
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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
Could Trump's tariffs affect Americans?
Prices could go up for items brought into the U.S. from Mexico, China and Canada if President-elect Donald Trump keeps his promise to impose tariffs on several countries once he takes the White House. CBS MoneyWatch correspondent Kelly O'Grady has more.
Homan visits border, more on tariffs
President-elect Donald Trump has threatened Mexico, China and Canada with tariffs as his pick for "border czar" tours the U.S.-Mexico border to assess the immigration policies of the current administration. CBS News' Camilo Montoya-Galvez reports from Texas and Katrina Kaufman has more on the global reactions to the tariff news.
Homan blasts Biden border policies
Tom Homan, President-elect Donald Trump's pick for "border czar" in his second term, blasted President Biden's immigration and border security policies while touring the U.S.-Mexico border with Texas Gov. Greg Abbott.
Trump's team on Israel-Hezbollah news
A U.S. official tells CBS News that President-elect Donald Trump's team reacted favorably to a potential ceasefire deal brokered by the U.S. and France for an end in the war in Lebanon between Israel and Hezbollah. CBS News' Katrina Kaufman has more.
Israel-Hezbollah ceasefire deal expected
Prime Minister Benjamin Netanyahu has laid out three objectives behind a potential ceasefire deal between Israel and Hezbollah. Netanyahu says he will take the proposal to his security cabinet for approval. CBS News' Debora Patta reports.