The big ripples from OPEC's production cuts
With the contentious deal finally struck, prices will rise, and the results will hit stocks, the economy and consumers
Federal Reserve
More evidence a Fed rate hike is coming in December
The minutes of the central bank’s latest policy meeting do little to change most market watchers’ expectations
World markets shift focus to U.S. interest rates
As the Trump bump fades, investors are now mulling the rising odds of a December rate hike from Janet Yellen’s Fed
Yellen says she's staying, pushing back against Donald Trump
Federal Reserve chief defends Dodd-Frank regulations that the president-elect wants to shred
Why interest rates will likely rise faster than inflation
Trump's likely economic policies are widely seen as boosting both, but the Fed has better tools to combat rising prices
Fed stands pat on interest rates, but hints at upcoming hike
U.S. central bankers want more evidence that the economy is healing before raising benchmark rate
Get ready for Wall Street's sideways crawl to end
Market history and several approaching major catalysts suggest stocks won't stay stuck -- and they could break higher
How the Fed might react to the jump in GDP
Will the better-than-expected growth rate mean a rate hike is more likely to happen this week than in December?
Economy grew a bit faster in September, Fed says
Modest hiring, uptick in consumer spending and steady pace of homebuilding could encourage policymakers to lift interest rates
Consumer prices climb on rising energy costs
But outside of that volatile category, most price increases remain rather tame -- which isn’t all good for the economy
Wall Street wants a Clinton win, so where's the rally?
Now leading in polls, she represents the safe status quo for investors, but that doesn't mean stocks are home free
World markets edge lower with Fed outlook muddled
Outside Japan and Australia, most stock exchanges were lower, and Wall Street is looking to open fairly flat
Bears threaten Dow 18,000 on China fear
U.S. equities run the risk of a correction as worries from Beijing to London wash onto Wall Street
Fed minutes show members closer to a rate hike
Minutes from September meeting had members seeing decision to hold key rate unchanged as a "close call"
Third-quarter earnings: Another reason to worry
Alcoa's miss started the latest reporting season with a thud -- still, Wall Street remains hopeful a rebound is near
Lawmakers blast Janet Yellen over Wells Fargo and politics
Chair of the Federal Reserve takes hits from both Democrats and Republicans on issues including Wells Fargo's fake account scandal
Yellen: Large banks in better shape since financial crisis
In testimony before House panel, Fed chief says Congress should consider sparing community banks from two regulatory rules
Commentary: Why America's economic rebound has been so slow
Here's a hint: It's not because of tax increases, government regulations or Obamacare. Here's another: Look at Congress
Stocks move lower in quiet trading
Stocks posted solid gains this week, with the S&P 500 up 1.5%, as investors breathed a sigh of relief after the Fed kept interest rates unchanged
At the Fed, not all policymakers are equal
The rate-setting committee’s unique makeup explains why some voting members hold more influence than others
Global stocks rise after Fed holds off on rate hike
Wall Street looked set for a higher open: Both Dow and S&P 500 futures were up 0.3 percent
Federal Reserve holds interest rates steady
Central bank says the U.S. economy is gaining speed after anemic growth in the first half of 2016
How much longer can the Fed hold out?
The arguments for keeping rates where they are now and for raising them are both good, but the latter will prevail -- and soon
Stocks rise after Bank of Japan move, ahead of Fed
Wall Street looked set for a strong start, with S&P 500 and Dow futures both up 0.4 percent
With economic outlook hazy, Fed likely to leave rates alone
But many analysts think the Fed's statement on Wednesday could send a clear signal that modestly higher lending costs are coming soon
Israel-Hezbollah ceasefire takes hold, fueling new push for Gaza truce
As Israel and Hezbollah cease fire after a year, President Biden says Palestinians in war-torn Gaza also "deserve an end of the fighting and displacement."
3 Americans held for years in China released, White House says
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
Trump tariffs could hike prices for many products, including these items
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
Man missing since 1999 found after sister saw him in news article
A woman saw a photo of a man she believed to be her brother who was reported missing in 1999. She was right.
Authorities investigating threats against multiple Trump Cabinet picks
Rep. Elise Stefanik, selected to be U.S. ambassador to the United Nations, said her home was targeted.
Ohio governor signs bill limiting bathroom use by transgender students
A ban on transgender students from kindergarten through college using multiperson bathrooms that fit their gender identities has become law in Ohio.
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.
NASA shows off image of U.S. military's abandoned "city under the ice"
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
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.
U.S.
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Here's what's hot in kids toys this holiday season
Consumers are expected to open their wallets this holiday season, with these children's toys high on the list.
Trump team signs some, but not all, critical transition documents
The Trump transition team has yet to sign key agreements with the Justice Department or General Services Administration, White House officials say.
Ohio governor signs bill limiting bathroom use by transgender students
A ban on transgender students from kindergarten through college using multiperson bathrooms that fit their gender identities has become law in Ohio.
A toddler got a nasal swab test. So why was the bill $445?
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
3 Americans held for years in China released, White House says
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
MoneyWatch
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Here's what's hot in kids toys this holiday season
Consumers are expected to open their wallets this holiday season, with these children's toys high on the list.
A toddler got a nasal swab test. So why was the bill $445?
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Trump tariffs could make these items more expensive
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
23andMe CEO reveals plans for the company's future
23andMe CEO Anne Wojcicki talks to "CBS Mornings" co-host Gayle King about the company's recent struggles, welcoming employee feedback and her vision for the future of the genetic-testing and ancestry-tracing company.
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.
Politics
More Politics
Authorities investigating threats against multiple Trump Cabinet picks
Rep. Elise Stefanik, selected to be U.S. ambassador to the United Nations, said her home was targeted.
Trump team signs some, but not all, critical transition documents
The Trump transition team has yet to sign key agreements with the Justice Department or General Services Administration, White House officials say.
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.
HealthWatch
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A toddler got a nasal swab test. So why was the bill $445?
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
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.
World
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NASA shows off image of U.S. military's abandoned "city under the ice"
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Australian lawmakers advance bill to bar under-16s from social media
Australia's House of Representatives has passed a bill that would ban children under the age of 16 from using most social media platforms.
Israel-Hezbollah ceasefire takes hold, fueling new push for Gaza truce
As Israel and Hezbollah cease fire after a year, President Biden says Palestinians in war-torn Gaza also "deserve an end of the fighting and displacement."
3 Americans held for years in China released, White House says
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
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.
Entertainment
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Grateful Dead remembers band member Phil Lesh
Members of the iconic band, the Grateful Dead, reflected on the impact bandmate Phil Lesh had on their lives and said they had hoped to play together again.
Grateful Dead bandmates remember Phil Lesh
Iconic band The Grateful Dead, is remembering one of the band's original members, Phil Lesh, who died in October at 84 years old. The surviving original members of the band credit Lesh for the impact he made in each of their lives and revealed they were hoping to play together one more time.
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.
Technology
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Australian lawmakers advance bill to bar under-16s from social media
Australia's House of Representatives has passed a bill that would ban children under the age of 16 from using most social media platforms.
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.
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.
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 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.
Science
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NASA shows off image of U.S. military's abandoned "city under the ice"
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Divided U.N. negotiations for plastic treaty
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
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.
Crime
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Crime
Bombing suspect on most wanted list arrested
Daniel Andreas San Diego, a suspect in in two 2003 northern California bombings, was arrested in the U.K. this week. San Diego, who had been one of the FBI's most wanted terror suspects, now faces extradition.
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.
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
Kate Winslet | Sunday on 60 Minutes
Cecilia Vega travels to the U.K. for an intimate portrait of Kate Winslet, Hollywood’s most un-Hollywood A-lister, and explores her journey to starring in and producing her latest film, “Lee.” 60 Minutes, Sunday.
Thanksgiving travel packs roads, airports
AAA expects nearly 72 million people will drive to their Thanksgiving destination, which is a record setting number of drivers. Gas will be about $.19 cheaper compared to last year. Meanwhile, at the airports the TSA plans to screen 2.9 million flyers Wednesday.
FBI, DHS issue pre-Thanksgiving threat memo
A new memo from the FBI and Department of Homeland Security this week suggests there are concerns over lone wolf attacks and other threats heading into the Thanksgiving holiday. CBS News Homeland Security and Justice reporter Nicole Sganga has more.
Checking in on travelers in Chicago, Boston
CBS News Chicago reporter Mugo Odigwe and CBS News Boston reporter Penny Kmitt have reports from their local airports where travelers are trying to make it to their destinations for Thanksgiving. And CBS News Philadelphia meteorologist Grant Gilmore has a look at the national forecast.
Assessing the Israel-Hezbollah ceasefire deal
The ceasefire between Israel and Hezbollah has taken effect and appears to be holding as people return to their homes in Lebanon. CBS News national security contributor Samantha Vinograd has a look at the implementation of the agreement.