Stocks surge after Fed chair hints of limit to rate hikes
Federal Reserve chief calls interest rates "just below ... neutral," implying central bank's hikes could slow soon
Federal Reserve
Trump slams Fed chairman, calling the Fed a "much bigger problem than China"
The president said he believes the central bank's ongoing rate hikes are impeding U.S. economic growth
Trump again rejects climate change report, lashes out at Federal Reserve
The president doubled down on his skepticism of human-induced climate change and dismissed the National Climate Assessment
Mortgage rates jump to 7-year high, crimping home sales
Monthly payments climb as the average 30-year fixed-rate home loan is now at 4.94 percent, up from 3.9 a year ago
Fed stands pat on interest rates, but expects to keep hiking
Citing the strengthening economy, Federal Reserve has steadily pushed up rates over President Trump's objections
Stock ups, downs: Investing in volatile times
Wall Street's reversal from recent record highs can be gut-wrenching for investors, but here's what to keep in mind
For the U.S. economy, this could be as good as it gets
With no new stimulus coming, interest rates rising and tariffs looming, analysts are turning pessimistic on growth
Trump slams Fed chair on interest rates, "maybe" regrets picking him
Trump, in Wall Street Journal interview, says the Federal Reserve chairman his his biggest economic threat, raising rates too fast
If Trump really wanted to, he could lower interest rates
The president has berated the Fed for raising interest rates, but he could take his own measures to get rates lower
Fed unanimously backed higher interest rates, despite Trump
Some Fed policymakers also think rates may have to rise faster to prevent the economy from overheating
Trump on the Fed: The central bank is "my biggest threat"
The U.S. president is stepping up his attacks on the Federal Reserve, saying it's raising interest rates too fast
Trump: Fed thinks "economy's too good"
In his interview with 60 Minutes, President Trump expressed frustration with the Federal Reserve and Fed Chairman Jerome Powell, blaming them for the recent stock market dip
Stocks drop again after historic losses
Investors seem to be weighing risks from rising interest rates to uncertain U.S. trade policy. Rebecca Walser, CEO of Walser Wealth Management, joins CBSN to discuss the slide on the Dow.
Why rising interest rates are rattling investors
The stock market is struggling to adjust to a new era, where returns are no longer juiced by ultra-low rates
Federal Reserve raises interest rates
The U.S. central bank announced at its September meeting that it would hike interest rates by a quarter percent.
Here's how much Fed rate hike hits borrowers, savers
Consumer credit costs go up but also the money earned on CDs and online savings -- and you have ways to exploit that
Fed hikes key rate, citing "strong" economy
The Fed sees unemployment dropping further and annual GDP at 3.1 percent, implying one more rate hike this year
Fed interest rate hike: What higher rates mean for you, at any age
A higher rate can make loans more expensive, but also provide more rewards for savers
3 key points to watch from the Fed on Wednesday
While another rate hike is nearly certain, Chairman Powell could also provide some hints about what's next
Fed is ready for third rate hike this year
But as President Trump's trade war escalates, what's on tap for monetary policy next year is far less certain
Money Diaries: Demystifying personal finance
A recently published report paints an alarming picture of the state of many Americans' personal finances. The Federal Reserve says four in 10 could not come up with $400 to cover an unexpected expense and two in 10 cannot pay their monthly bills in full. Lindsey Stanberry is the author of the new book, "Refinery29 Money Diaries: Everything You've Ever Wanted To Know About Your Finances... And Everyone Else's." The book is based on Refinery29’s popular "Money Diaries" series, where women publicly track all of their expenses for one week for everyone to see and pick apart. Stanberry joins “CBS This Morning” to discuss why women still feel awkward talking about money, the importance of savings and tips for changing the way you spend.
Jay Powell signals more interest hikes to come
Despite President Donald Trump's complaints, the head of the U.S. central bank indicates rates will keep rising
Powell could take on key issues in high-profile speech Friday
Investors will listen for anything the Federal Reserve chairman says about Trump's trade war and interest rates
Fed official says Trump won't influence rate policy
Kansas City Fed President Esther George stresses the "firewalls" in place to ensure the central bank's independence
This bull market can keep running
Some money managers never gave up the faith back in 2009, and they still see better days coming now
President Biden announces ceasefire deal between Israel and Hezbollah
Israel's Cabinet has approved the ceasefire after urging from Israeli Prime Minister Benjamin Netanyahu.
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.
Appeals court agrees to end bid to revive Trump documents case
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
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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Trial of ex-FBI informant indicted for lying about Bidens delayed
Alexander Smirnov, an FBI informant, was accused of lying about President Biden and Hunter Biden and now faces new charges of tax evasion.
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.
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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Trial of ex-FBI informant indicted for lying about Bidens delayed
Alexander Smirnov, an FBI informant, was accused of lying about President Biden and Hunter Biden and now faces new charges of tax evasion.
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.
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.
President Biden announces ceasefire deal between Israel and Hezbollah
Israel's Cabinet has approved the ceasefire after urging from Israeli Prime Minister Benjamin Netanyahu.
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 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.
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
Examining the Israel-Hezbollah ceasefire deal
President Biden announced Tuesday that Israel and the Iran-backed militant group Hezbollah had agreed to a ceasefire deal after a year of violence. Mr. Biden said fighting will end across the Israel-Lebanon border at 4 a.m. local time Wednesday. CBS News' Charlie D'Agata and Scott MacFarlane have the latest. Plus, retired Marine Col. Mark Cancian joins with analysis.
Biden: Israel, Lebanon accept ceasefire deal
President Biden announced Tuesday that the U.S. helped secure a ceasefire deal in Lebanon, which would end fighting between Israel and the Iran-backed militant group Hezbollah. CBS News chief White House correspondent Nancy Cordes anchored a special report on the announcement.
Behind Biden's weight loss drug proposal
President Biden's proposal to expand Medicaid and Medicare coverage for some weight loss drugs could impact thousands of Americans. CBS News' Alexander Tin breaks down what's known about the expansion.
Israel-Hezbollah ceasefire deal terms
The Hezbollah-Israel ceasefire deal would require certain moves by both sides that will depend on timing and specific military movements. CBS News' Charlie D'Agata breaks down what's known about the deal's terms.
Latest news on Thanksgiving holiday travel
Airports across the country expect a record number of people to travel for the Thanksgiving holiday. CBS News senior transportation correspondent Kris Van Cleave reports as more news emerges about a Senate report about airline "junk fees."