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The Federal Reserve is meeting again to determine if interest rates should remain steady or be altered. The latest data by the Department of Labor shows inflation cooled slightly in May but some consumer prices, including for shelter and food, continued to rise. CBS News' Jo Ling Kent has more.
Price increases in the U.S. were up 3.3% from last year in May's Consumer Price Index, a smaller increase than was predicted by economists, while month-over-month prices stayed the same. CBS News business analyst Jill Schlesinger has more.
The Federal Reserve will announce its next interest rate decision on June 12. Here's what to expect — and what it means for your money.
The latest data from the Labor Department shows the U.S. added 272,000 jobs in May. The figure was much higher than economists expected, indicating that the market is not slowing down. CBS News senior business and technology correspondent Jo Ling Kent explains what the report means for the Fed's fight against inflation.
The Labor Department's jobs report for May far exceeded the predictions of economists with 272,000 jobs added across the U.S. while the unemployment rate rose slightly to 4%. CBS News senior business and tech correspondent Jo Ling Kent has more on how the Federal Reserve may consider those numbers when deciding on interest rate changes.
U.S. unemployment rate forecast to stay below 4% for a 28th straight month — that would be the longest stretch in more than 70 years.
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
Inflation declined slightly in April after two straight months of increases, the U.S. Bureau of Labor Statistics announced Wednesday. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to unpack the numbers.
New data shows the labor market is in a healthy place but did cool down in April. CBS News senior business and technology correspondent Jo Ling Kent has more.
The Federal Reserve announced Wednesday it is keeping interest rates steady. The move comes as the central bank continues to deal with inflation. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss.
The Federal Reserve announced Wednesday it is leaving interest rates unchanged. Rates are the highest they've been in more than twenty years. CBS News senior business and technology correspondent Jo Ling Kent joins to discuss.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
The Federal Reserve will keep its benchmark rate steady, a sign that inflation has not yet come down to the targeted rate. CBS News' Jill Schlesinger and Jo Ling Kent look ahead to what this means for Americans.
The Federal Reserve is not expected to cut interest rates Wednesday as inflation persists. CBS News contributor J.D. Durkin breaks down the data.
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
CBS News business analyst Jill Schlesinger breaks down what to know as the Federal Reserve is set to meet to discuss interest rates that remain at a 23-year high since last summer.
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more.
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
On Wednesday, President Biden unveiled an $8.5 billion agreement with tech giant Intel in Arizona. The funding is part of the CHIPS Act and will create 30,000 manufacturing and construction jobs. Jared Bernstein, White House economic adviser, joins "America Decides" to discuss.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Federal Reserve announced Wednesday it's leaving the central bank's benchmark interest rate unchanged for now as the U.S. economy shows some signs of inflation persisting in certain sectors. CBS News contributor J.D. Durkin joins business analyst Jill Schlesinger with more on the news.
Mobile phone footage circulating online appeared to show the Azerbaijani aircraft making a steep descent before slamming into the ground in a fireball.
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Pilgrims lined up to walk through the great Holy Door at the entrance of St. Peter's Basilica in Rome as Christmas marks the start of the 2025 Holy Year celebration.
A massive Russian missile and drone barrage on Ukraine's energy infrastructure on Christmas morning was "inhumane," Ukrainian President Zelenskyy said.
A body was found in the wheel well of United Airlines Flight 202, which left Chicago for Hawaii on Dec. 24, the airline said.
Authorities in Mississippi say a "desperate" and "very dangerous" convicted murderer, Drew Johnson, is back in custody after escaping from prison Tuesday.
Chairlifts at two different resorts in the French Alps broke down on Tuesday, stranding hundreds in two separate incidents.
Defense lawyers say the former longtime CEO of Abercrombie & Fitch may have dementia, prompting a competency hearing.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
A body was found in the wheel well of United Airlines Flight 202, which left Chicago for Hawaii on Dec. 24, the airline said.
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Defense lawyers say the former longtime CEO of Abercrombie & Fitch may have dementia, prompting a competency hearing.
Last-minute grocery items and gifts can be found on Christmas Day, but many retailers and chains may be closed today.
More than 5,000 workers were expected to take part in walkout that ends later on Christmas Eve, their union says.
Ryan Wesley Routh is being held in Miami awaiting trial in Fort Pierce.
President Biden signed legislation Christmas Eve to make the bald eagle officially the U.S. national bird.
Among the new laws signed by President Biden are Paris Hilton's bill to protect institutionalized teenagers and a bill to address hazing on college campuses.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
President Biden has signed the annual defense authorization bill into law.
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
The FDA has raised the level of a Costco egg recall, warning of the risk of severe illness or death due to potential salmonella contamination. Over 10,000 cartons of Kirkland brand organic eggs sold at stores across the South are affected. Customers are urged to discard or return eggs marked with Julian code 327 and a use-by date of Jan. 5, 2025.
With flu levels rising, Dr. Rabia De Latour shares ways to support your immune system and stay healthy during the holidays.
Seasonal illnesses are increasing just days away from the holidays. The CDC reports positive flu tests are up 9% in the most recent week and cases of whooping cough are six times last year's rate. Dr. Susannah Hills, an ear, nose and throat specialist at Columbia University Medical Center, explains how to stay safe.
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Chairlifts at two different resorts in the French Alps broke down on Tuesday, stranding hundreds in two separate incidents.
King Charles III was joined at Christmas services by close members of the royal family, including Prince William and Kate — but Prince Andrew was notably absent.
A bridge linking two northern states in Brazil collapsed, sending cars and trucks plunging into the river below. A sulphuric acid spill is complicating the rescue operation.
Pilgrims lined up to walk through the great Holy Door at the entrance of St. Peter's Basilica in Rome as Christmas marks the start of the 2025 Holy Year celebration.
A massive Russian missile and drone barrage on Ukraine's energy infrastructure on Christmas morning was "inhumane," Ukrainian President Zelenskyy said.
Angel Blue, who was recently named Classical Music's "Vocalist of the Year," is set to perform the title role in "Aida" at the Metropolitan Opera. Known for her Grammy-winning performances, Blue will take the stage in New York beginning on Dec. 31. She joins "CBS Mornings Plus."
Netflix will have one of its biggest days Wednesday since the site launched in 1998 when it airs two NFL games for the first time.
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
Burt, the iconic Saltwater crocodile that appeared alongside Paul Hogan and Linda Kozlowski in the hit movie, was believed to be more than 90 years old.
New artificial intelligence features appeared across the tech landscape this year, from the latest iPhone to chatbots like Google's Gemini. Adam Auriemma, the editor-in-chief at CNET, joins CBS News 24/7 with more.
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
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.
TVs are some of the most popular items to fly off store shelves during the holidays. But this year, experts say shoppers are going bigger than ever. CBS News' Jeff Wagner explains.
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
Authorities in Mississippi say a "desperate" and "very dangerous" convicted murderer, Drew Johnson, is back in custody after escaping from prison Tuesday.
Former Philadelphia Eagles running back Wendell Smallwood Jr. pleaded guilty to federal fraud charges.
Authorities are revealing more details surrounding the killing of a woman who was set on fire while sleeping on the New York City subway.
Luigi Mangione, accused of killing UnitedHealthcare CEO Brian Thompson, appeared in court in New York City and pleaded not guilty to murder and terrorism charges. His lawyer criticized what he called the case's political nature as Mangione was led into the hearing with his hands shackled.
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
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.
Twice a year, between 100 and 150 student Santas and Mrs. Clauses from as far away as Europe enroll at the Northern Lights Santa Academy in Atlanta for a three-day boot camp where they will learn to become professional Christmas entertainers. Skyler Henry has details.
In Midland, Texas, four pastors from different denominations decided to exchange pulpits for one day in order to deliver a message about tolerance and acceptance to their congregations and the community. Jason Allen has more.
Jericka Duncan takes a look at how Christmas and Hanukkah are being marked around the world and even aboard the International Space Station.
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
If President-elect Donald Trump follows through on his threat of imposing new tariffs on Mexico, Canada and China, it could have major repercussions for the U.S. toy industry. Kelly O'Grady explains.