Yellen tells Congress more rate hikes are coming
Federal Reserve chief paints a broadly positive picture of the U.S. economy and predicts faster inflation
Federal Reserve
Second-quarter earnings have Wall Street on edge
With the next profit reports set to start, investors expect great things -- but plenty of wild cards could make trouble
The Fed confirms more rate hikes are on tap
Janet Yellen will tell Congress next week the central bank plans to raise rates once more this year and three times in 2018
Fed weighing when to start selling off trillions in bonds
Central bank officials agree that the economy is in good enough shape to start balancing its books
Will second half of 2017 rattle Wall Street?
After easy gains so far this year, investors could face a more difficult path ahead amid Washington uncertainty.
How Warren Buffett bagged a $12 billion profit on bank deal
Storied investor bet on Bank of America when it was reeling from the housing crash -- now he's reaping the reward
3 things the Fed fears -- and so should you
Watch closely as central bank policymakers focus their efforts on containing these potential economic game-changers
Sure looks like a bubble forming on Wall Street
With stock values at extreme highs and basic economic support dwindling, investors' enthusiasm is feeding a froth
Why Fed rate hikes are raising anxieties
As the central bank tightens credit conditions, the risks to the stock market and U.S. economic growth are climbing
CD rates are still anemic, but these are the best now
Interest rates on one- through five-year CDs are rising more quickly among internet banks, both new and established
Fed's economic forecasts differ wildly from Trump's
President imagines 3% annual growth, while the Fed says the U.S. economy would be lucky to hit 2% -- huge difference, America
Federal Reserve hikes interest rates another 0.25%
Short-term rates rise another quarter point, to 1.25 percent, as the economy logs modest but steady improvements
Latest MoneyWatch headlines
Fed to decide interest rates Wednesday, Time Inc. cuts 300 jobs, and tech stocks rebound. These headlines and more from CBS MoneyWatch
Fed rate hikes might give Wall Street an unpleasant surprise
What if the Federal Reserve boosts rates higher than the investment community expects? It won't be pretty
Latest MoneyWatch headlines
The Fed begins a two-day meeting to decide interest rates, and tech stocks under pressure as growth concerns rise. These headlines and more from CBS MoneyWatch.
How Fed's trillions in bond holdings could push up rates
Central bank holds $4.5 trillion in bonds, which it likely wants to halve, affecting mortgages and other long-term borrowing
Will a not-so-hot economy cool Fed rate hikes?
The slowing pace of job gains and other mixed data points are complicating matters ahead of the coming policy meeting
Keep a sharp eye on the Fed's new meeting minutes
What Wall Street craves now is clues about the timing of the next rate hikes, and those minutes are where to look
Thanks, Fed: Student loan rates to rise July 1
Rates spiking on most college loans for the coming school year, adding $1,300 to typical debt load for a bachelor's degree
Don't let rising interest rates sink your 401(k)
Chances are you have some bond funds in there, and they could soon start suffering if rates keep climbing this year
Latest Moneywatch headlines
Fed downplays Q1 weakness; Japan wants smaller Pacific trade pact; and American Airlines plans to cut legroom. These headlines and more from CBS MoneyWatch.
Federal Reserve keeps interest rates steady -- June hike likely
Central bank chalks up recent bout of weak U.S. economic growth to "transitory" factors, expects job market to firm
Ben Bernanke interview
Former Federal Reserve chairman Ben Bernanke joins CBSN to discuss the government spending bill and President Trump's challenges with economic growth.
Given an uneven economy, the Fed will likely stay put
Despite reports of soaring confidence, weak first-quarter GDP has Wall Street believing Yellen & Co. won't hike again now
Was the GDP report really so terrible?
Despite the slowest growth in three years -- with the weakest consumer performance since 2009 -- silver linings abound
Israel-Hezbollah ceasefire takes effect, halting deadly war in Lebanon
A ceasefire in Lebanon between Israel and the Iran-backed militant group Hezbollah appeared to be holding several hours after it began.
After tariff threat, Trump selects Jamieson Greer as U.S. trade representative
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
After Helene landslides, some parts of North Carolina not safe to rebuild
In the wake of Hurricane Helene, more than 2,000 landslides displaced families in western North Carolina. They are waiting to find out if rebuilding is even possible or safe.
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.
Trump taps Jay Bhattacharya as director of the National Institutes of Health
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
Harvey Weinstein accuses Rikers Island of substandard medical treatment
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
More than 3,000 fake Gibson guitars seized in California, U.S. Customs says
More than 3,000 fake Gibson guitars were seized by U.S. Customs and Border Protection in what authorities are calling the largest seizure of counterfeit musical instruments at the massive Los Angeles-Long Beach Seaport.
Gold coins stolen from 18th century shipwreck off Florida coast recovered
A professional treasure hunter has been charged in the theft of the 37 gold coins stlen from the wreckage of the 1715 Treasure Fleet.
Jean Rather, wife of longtime former CBS News anchor Dan Rather, dies at 89
Jean Rather, the wife of former longtime CBS News anchor Dan Rather, died Tuesday at the age of 89 following a battle with cancer.
U.S.
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Biden administration set to miss chance to lock in new food guidelines
A federal panel has been meeting for months to draft recommendations.
Jean Rather, wife of longtime former CBS News anchor Dan Rather, dies at 89
Jean Rather, the wife of former longtime CBS News anchor Dan Rather, died Tuesday at the age of 89 following a battle with cancer.
Harvey Weinstein accuses Rikers Island of substandard medical treatment
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
Trump taps Jay Bhattacharya as director of the National Institutes of Health
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
After tariff threat, Trump selects Jamieson Greer as U.S. trade representative
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
MoneyWatch
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Here's why Trump thinks tariffs are good for the U.S.
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.
Best Buy says Trump tariffs could force it to raise consumer prices
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.
Some tax refunds can come with hidden fees, government report warns
Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.
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.
Politics
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Trump taps Jay Bhattacharya as director of the National Institutes of Health
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
After tariff threat, Trump selects Jamieson Greer as U.S. trade representative
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
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.
HealthWatch
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Biden administration set to miss chance to lock in new food guidelines
A federal panel has been meeting for months to draft recommendations.
Trump taps Jay Bhattacharya as director of the National Institutes of Health
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
New White House rule expands GLP-1 access
A New White House proposal would make Medicare and Medicaid cover GLP-1 weight loss drugs for people who are obese. The move would expand affordable access to the drugs to some 7.4 million people. Dr. Jon LaPook has more.
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.
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.
Israel-Hezbollah ceasefire takes effect, halting deadly war in Lebanon
A ceasefire in Lebanon between Israel and the Iran-backed militant group Hezbollah appeared to be holding several hours after it began.
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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Harvey Weinstein accuses Rikers Island of substandard medical treatment
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
The Script on loss, resilience in new album
Irish band The Script continues to inspire with hits like "Hall of Fame," while moving forward after the loss of guitarist Mark Sheehan. Danny O'Donoghue talks to Natalie Morales about the band's journey, and how boxing helps him cope.
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.
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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LAX airport security seize allegedly meth-caked cow onesie
The Los Angeles County man, who was trying to board a flight to Australia, faces one count of intent to distribute methamphetamine.
More than 3,000 fake Gibson guitars seized in California, U.S. Customs says
More than 3,000 fake Gibson guitars were seized by U.S. Customs and Border Protection in what authorities are calling the largest seizure of counterfeit musical instruments at the massive Los Angeles-Long Beach Seaport.
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.
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
CAI advances readiness and excellence in life sciences and mission-critical fields.
Amid rapid tech advancements and strict regulations, CAI empowers partners with innovative tools and methods to ensure flexibility, speed, and scalability in life sciences and mission-critical projects, enhancing efficiency and effectiveness.
Building the Future: How CSM Group Drives Success Through Project Controls
CSM Group is leveraging advanced project controls and technology to drive efficiency, reduce risks, and deliver smarter construction projects. Through dashboards, predictive analytics, and tools like BIM, they ensure seamless project management while empowering teams and clients.
FormFactor Brings Tomorrow’s Electronics to Life
FormFactor is a key partner for semiconductor manufacturers, providing test solutions for the integrated circuits (ICs) that power electronic systems across many applications, including computing, consumer technology, automotive, and artificial intelligence (AI).
Some NC residents can't go home after Helene
Two months after Hurricane Helene brought devastating flooding to North Carolina, some residents still can't get home. Landslides triggered by the flooding may have even made it too dangerous to rebuild in some areas. Dave Malkoff has the story.
New White House rule expands GLP-1 access
A New White House proposal would make Medicare and Medicaid cover GLP-1 weight loss drugs for people who are obese. The move would expand affordable access to the drugs to some 7.4 million people. Dr. Jon LaPook has more.