Consumer prices and retail sales dip, stirring doubts on economy
March results for inflation and stores shows slowed economic momentum, but shouldn't thwart next Federal Reserve rates hike
Federal Reserve
Fed officials struggled to assess Trump’s stimulus impact
The central bank’s latest policy meeting minutes show “substantial uncertainties” concerning the president’s plans
Get ready for the Fed's next scary policy change
With its sleepy interest rate hikes finally picking up speed, trimming its bloated balance sheet will be even trickier
Consumer spending posts tiny gain
But incomes rose smartly in February, as did a key gauge of inflation that the Federal Reserve watches closely
N. Korea investigated for possible role in massive heist
Federal investigators are looking into North Korea's possible role in a multimillion-dollar theft
Bankers no longer see a quick Dodd-Frank rollback
Their great expectations are being dashed as the Trump administration’s attention is focused elsewhere
Trump could hit a wall in boosting economic growth
Despite surveys showing soaring confidence among businesses, consumers and investors, the real economy isn't playing along
Rate hikes: Now the question is, how quickly?
The Fed plans two more this year, and a similar pace in 2018 and 2018, but a lot can happen to disrupt that timetable
The Fed tightens just as the economy weakens
Suddenly, interest rates are rising quickly -- and could stay on that path -- even though GDP growth has hit a lull
Fed Hikes Interest Rates
The Federal Reserve raised interest rates, which could affect mortgage rates and credit card payments. Yahoo finance markets reporter Myles Udland joins CBSN to discuss.
Interest rate hike
The Federal Reserve has raised its benchmark interest rate from 0.75 percent to 1 percent. Scott Gamm, correspondent for TheStreet TV, joins CBSN to discuss how this will affect the economy.
Federal Reserve raises interest rates by another quarter-point
Hike is part of a long-term program, with two more increases seen this year, as Fed seeks to return rates to pre-crash level
Rising interest rates will leave nowhere to hide
With the Fed apparently set to keep hiking, stocks, bonds and buying power will all suffer as the monetary tide changes
U.S. hiring surged in February, boosting odds of Fed rate hike
Employers added a healthy 235,000 jobs last month, showing economy is on track seven years after the Great Recession's end
Surging stock market pushes U.S. household wealth to $93 trillion
Investments, plus rising home values, expands overall net worth by 2.3 percent in late 2016, but the rich get the bulk of it
The bull market: 8 years old -- and ready to collapse?
It's now the second-longest run for climbing stock prices -- that's a good reason to consider what could be next
Shadow banking is growing fast -- is that a threat?
Largely unregulated lenders have roared back since the financial crisis, stirring worries they'll spark another disaster
Is the Fed about to make a mistake?
Odds of another rate hike have surged as Yellen & Co. issue hawkish commentary, but they may be moving too fast
Yellen indicates Fed likely to hike interest rates this month
Federal Reserve chief says more a robust economy allows for rate rise, provided that economic and inflation indicators stay favorable
Don't get too excited about the Dow's last-second jump
With an 11-point gain in the closing moments of Friday's trading, the winning streak hit 11 days -- but it was a messy win
Wall Street's 2017 is starting to echo 1987
For many of the same reasons, the Dow has now matched that year's best-ever run -- which ended in a market crash
Fed officials on possible rate hike: "fairly soon"
Inflation pressures could lead central bank to boost interest rates faster than Wall Street expects -- as early as March, some experts say
5 things that could stymie stocks' steady rise
Wall Street's relentless surge has the Dow nearing 21,000, but investors may be ignoring these undermining forces
Janet Yellen defends Fed actions amid GOP criticism
The Federal Reserve chief faces Republican criticism of the central bank's action, as Democrats rally to her side
Janet Yellen: Delaying interest rate hikes "unwise"
Central bankers won't wait too long to boost rates, but March may come to soon for Federal Reserve
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.
Police officer who Tasered 95-year-old woman convicted of manslaughter
An Australian police officer who Tasered 95-year-old great-grandmother Clare Nowland in her care home has been found guilty of manslaughter.
Drug cartel reeling in huge profits with illegal fishing in Gulf of Mexico
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially valuable but vulnerable species.
Floods and landslides in Indonesia kill at least 20 people
Torrential rain unleashed flooding and landslides on Indonesia's Sumatra island, killing 20 people and leaving at least two others missing.
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 stolen from the wreckage of the 1715 Treasure Fleet.
Why we eat turkey on Thanksgiving
Why is Thanksgiving traditionally associated with turkey and other specific foods? We asked a history expert why we eat what we do on the holiday.
U.S.
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Why we eat turkey on Thanksgiving, according to history
Why is Thanksgiving traditionally associated with turkey and other specific foods? We asked a history expert why we eat what we do on the holiday.
Honolulu hopes to identify long-unclaimed bodies with advanced DNA testing
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
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.
MoneyWatch
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Drug cartel reeling in huge profits with illegal fishing in Gulf of Mexico
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially valuable but vulnerable species.
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.
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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Why we eat turkey on Thanksgiving, according to history
Why is Thanksgiving traditionally associated with turkey and other specific foods? We asked a history expert why we eat what we do on the holiday.
How to safely cook your turkey — and how long to keep leftovers
If you're looking forward to a delicious — and safe — Thanksgiving dinner with loved ones, here's how to cook your turkey and keep your leftovers safely.
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.
World
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Floods and landslides in Indonesia kill at least 20 people
Torrential rain unleashed flooding and landslides on Indonesia's Sumatra island, killing 20 people and leaving at least two others missing.
Drug cartel reeling in huge profits with illegal fishing in Gulf of Mexico
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially valuable but vulnerable species.
Police officer who Tasered 95-year-old woman convicted of manslaughter
An Australian police officer who Tasered 95-year-old great-grandmother Clare Nowland in her care home has been found guilty of manslaughter.
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.
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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Honolulu hopes to identify long-unclaimed bodies with advanced DNA testing
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
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.
Crime
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Honolulu hopes to identify long-unclaimed bodies with advanced DNA testing
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
Drug cartel reeling in huge profits with illegal fishing in Gulf of Mexico
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially valuable but vulnerable species.
Police officer who Tasered 95-year-old woman convicted of manslaughter
An Australian police officer who Tasered 95-year-old great-grandmother Clare Nowland in her care home has been found guilty of manslaughter.
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.
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
Trump team signs transition agreement
President-elect Donald Trump's team has signed the agreement which allows members of the incoming administration to meet with their Biden-era counterparts ahead of the January transfer of power. And Trump continues to make staffing choices, picking COVID-lockdown critic Dr. Jay Bhattacharya to be director of the National Institutes of Health. CBS News political reporter Libby Cathey has more.
Anne Wojcicki on plans for 23andMe
In an exclusive interview, 23andMe CEO Anne Wojcicki discusses the challenges of losing family, massive company changes, and her vision for the future.
Israel-Hezbollah ceasefire appears to hold
People are beginning to return to their homes in southern Lebanon after the ceasefire between Israel and Hezbollah took effect and appeared to hold in its initial hours. CBS News contributor Andrew Boyd has more on the stop in fighting.
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.
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).