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Wholesale prices increased three-tenths of a percent for the month of July, according to a report from the Bureau of Labor Statistics. This comes a day after the consumer price index report showed prices rose by two-tenths of a percent last month. Hope King, senior business reporter for Axios, joined CBS News to talk about what those numbers mean for consumers and the economy.
Officials with the Federal Reserve won't convene again until September after hiking interest rates last month for the 11th time in the past year and a half. Jeanna Smialek, who covers the Fed and the economy for The New York Times, joined CBS News to discuss whether there will be another rate increase.
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week.
There were some positive signs last week that the economy might be holding firm. Mark Strassmann has the details.
Missed the second half of the show? The latest on…former Arkansas Gov. Asa Hutchinson, who is seeking the Republican nomination for president, discussed a proposed mental acuity test for politicians over 75, Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, discussed the bright spots on the economic front from last week, and San Antonio Mayor Ron Nirenberg discussed the ongoing heat wave has put much of the Southeastern U.S. under dangerous heat alerts.
This week on "Face the Nation with Margaret Brennan," new charges of a cover-up were filed against former President Donald Trump in the classified documents case. Plus, some optimistic signs when it comes to the economy.
The nation's GDP grew at an annual rate of 2.4% from April to June 2023 -- a faster rate than many economists predicted. Lori Bettinger, president of Bancalliance, joined CBS News to discuss what the new figure means for the state of the economy.
In its ongoing effort to tamp down inflation, the Federal Reserve on Wednesday raised its key interest rate a quarter-point to 5.5%, the highest level it has been in 22 years. Carter Evans examines the impact of the Fed's rate hikes.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After briefly pausing its war on inflation last month, the Federal Reserve is resuming the battle by hiking its benchmark interest rate to the highest level in 22 years. Hope King, senior business reporter for Axios, joined CBS News as the Fed announced the rate hike.
The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill Schlesinger discusses how this hike will affect Americans.
The Federal Reserve will wrap up a two-day policy meeting Wednesday, and it will likely raise interest rates again to fight inflation. The Fed's policies appear to be working, as inflation is sharply lower. But not all costs are coming down at the same time. Carter Evans reports.
The Federal Reserve is expected to raise interest rates again Wednesday after pausing more than a year of rate hikes in June. Experts believe the central bank will increase rates by one-quarter of a percentage point as part of its ongoing fight against high inflation. Joe Rennison, markets reporter for The New York Times, joined CBS News to discuss.
More and more Americans are seeing their loan applications rejected. The Federal Reserve Bank of New York reported that rejection rates are up for many loans -- including mortgages, auto loans and credit cards. John Vivian, senior director of finance consulting firm Potomac Global Partners, joins CBS News to help make sense of the lending landscape.
Inflation cooled in June to 3%, the lowest in more than two years, according to the U.S. Labor Department's Consumer Price Index. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what this means for consumers and whether the Federal Reserve will continue to raise rates.
Although policymakers kept rates steady last month, some Fed officials wanted to keep raising them.
New economic indicators closely watched by the Federal Reserve suggest an expected interest rate hike in July may not be locked in after all. The personal consumption expenditures index shows prices easing slightly for the month of May as consumer spending begins to slow. New York Times business reporter Jordyn Holman joined CBS News with more.
Several of the nation's top banks excelled in their yearly stress test, according to the Federal Reserve. The Fed tested how 23 banks — each with more than $100 billion in assets — would fare in an economic downturn. Lori Bettinger, president of a network of community banks known as BancAlliance, joins CBS News to break down the test results.
Federal Reserve Chairman Jerome Powell told lawmakers on Capitol Hill on Wednesday the country remains a "long way away" from reaching its goal in the fight against inflation. CBS News political and economics reporter Sarah Ewall-Wice has more.
Americans are still spending as inflation has finally shown signs of cooling. Still, there are some troubling economic signs. Mark Strassmann breaks it all down.
For the first time in 15 months, the Fed paused hikes in interest rates as inflation has started to wane — although it remains high. Mark Strassmann reports.
CBS News business analyst Jill Schlesinger breaks down the decision by the Federal Reserve to pause raising interest rates this month, and how the U.S. is doing with inflation.
For the first time since March 2022, the Federal Reserve will not be raising interest rates. J.D. Durkin, on-air host for digital financial news platform TheStreet, joins CBS News to discuss the Fed's path forward.
For 15 months the Federal Reserve has been trying to catch up to rising inflation by slowing economic activity. The central bank announced Wednesday it will not increase interest rates for now, but warned that the pause may not last long. CBS News senior White House correspondent Weijia Jiang reports.
After 10 straight interest rate hikes done in an effort to combat inflation, the Federal Reserve on Wednesday chose to pause those rate hikes. However, Federal Reserve Chair Jerome Powell did signal that more rate hikes could be coming later this year. Weijia Jiang has more.
The Supreme Court will hear arguments Jan. 10 in TikTok's challenge of a law that could lead to a ban of the widely popular platform.
Experts say evidence in the Azerbaijan Airlines plane crash in Kazakhstan points to a possible midair explosion, not an encounter with a flock of birds.
Greg Gumbel, the renowned CBS Sports anchor and commentator, has died of cancer at the age of 78.
Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures" or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling by mid-January.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
In a Dec. 11 Senate hearing, U.S. Capitol Police Chief Thomas Manger testified that there had been more than 50 so-called "swatting" attacks on members of Congress over the previous month.
Marc Fogel, a Pennsylvania man imprisoned in Russia, has been designated as "wrongfully detained," according to the U.S. Department of State.
Model Dayle Haddon died in a suspected carbon monoxide leak at the Bucks County home of her son-in-law, Hallmark movie star Marc Blucas, officials said.
A winner of the Mega Millions jackpot could either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.
Greg Gumbel, the renowned CBS Sports anchor and commentator, has died of cancer at the age of 78.
Kilauea Volcano in Hawaii started erupting on Dec. 23rd, after a three-month pause.
The Supreme Court will hear arguments Jan. 10 in TikTok's challenge of a law that could lead to a ban of the widely popular platform.
Elon Musk and Vivek Ramaswamy are calling for the U.S. to admit more foreign tech workers. Not all Republicans agree with them.
A winner of the Mega Millions jackpot could either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.
Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures" or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling by mid-January.
Elon Musk and Vivek Ramaswamy are calling for the U.S. to admit more foreign tech workers. Not all Republicans agree with them.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
The proposed rule is required under a law passed by Congress last year, and is intended to ensure the safety of makeup and baby powder.
The National Retail Federation expects about 17% of sales to be returned this year.
In a Dec. 11 Senate hearing, U.S. Capitol Police Chief Thomas Manger testified that there had been more than 50 so-called "swatting" attacks on members of Congress over the previous month.
Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures" or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling by mid-January.
The Supreme Court will hear arguments Jan. 10 in TikTok's challenge of a law that could lead to a ban of the widely popular platform.
Marc Fogel, a Pennsylvania man imprisoned in Russia, has been designated as "wrongfully detained," according to the U.S. Department of State.
Cabrera is county commissioner of District 6, which represents parts of Coral Gables, Hialeah and the City of Miami.
The proposed rule is required under a law passed by Congress last year, and is intended to ensure the safety of makeup and baby powder.
Fungal contamination of an eye product is known to potentially cause eye infections, which may be vision- or life-threatening, according to the FDA.
Busy lives have many of us juggling multiple tasks at once, but is that really multitasking? Here's what expert Linda Stone has learned about the myth of multitasking.
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Kazakhstan, Azerbaijan and Russia all opened investigations into the cause of the crash of Azerbaijan Airlines Flight 8243.
Marc Fogel, a Pennsylvania man imprisoned in Russia, has been designated as "wrongfully detained," according to the U.S. Department of State.
Italy's Foreign Ministry says it's trying to "clarify the legal situation of Cecilia Sala" more than a week after she was detained while reporting in Iran.
Osamu Suzuki, the charismatic former boss of Japanese mini-vehicle maker Suzuki Motor Corp., has died.
Researchers say human-caused climate change dealt people an average of nearly six weeks of extra extreme heat in 2024, while also fueling more destructive storms.
Filmmaker Robert Eggers sits down with "CBS Saturday Morning" to discuss his adaption of the supernatural horror flick "Nosferatu," his passion for storytelling, what he'd like to tell superfans and more.
Cheyenne Grace, a rising star from North Texas who is a high school student, is topping the iTunes charts with her debut holiday album, "Home for Christmas."
Baltimore's victory over Houston averaged 24.3 million viewers, while Kansas City's win at Pittsburgh averaged 24.1 million, according to early viewer figures released by Nielsen.
A judge ruled that a woman who says she was raped by Jay-Z and Sean "Diddy" Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls.
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
President-elect Donald Trump asked the Supreme Court Friday to pause a potential U.S. ban on TikTok from taking effect. In his brief, he said he said he wants to delay the ban in order to give time for his incoming administration to "pursue a negotiated resolution."
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
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.
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.
Americans throw away billions of pounds of used clothes every year. But now, California is the first state to hold textile companies responsible for their products from start to finish. CBS News' Danya Bacchus explains.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
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.
A man accused of setting a woman on fire in a New York City subway train has now been indicted on state murder charges. CBS News New York reporter Hannah Kliger has more.
Medical examiners are using DNA evidence in hopes of identifying the woman who was burned alive on a New York City subway. CBS News legal contributor Jessica Levinson has more. Plus, more details on allegations against music mogul Jay-Z.
More than 2 years after Tennessee abruptly halted the execution of Oscar Smith, the state announced a new lethal injection method.
Authorities have found 12 skeletons buried in clandestine graves in Mexico's northern Chihuahua state near the U.S. border, officials say.
A grand jury has indicted the man accused of setting a woman on fire aboard a Brooklyn subway train, Brooklyn DA Eric Gonzalez announced Friday.
NASA's Parker Solar Probe hurtled through the sizzling solar atmosphere and passed within a record-breaking 3.8 million miles of the sun's surface.
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
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.
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.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
President-elect Donald Trump asked the Supreme Court Friday to pause a potential U.S. ban on TikTok from taking effect. In his brief, he said he said he wants to delay the ban in order to give time for his incoming administration to "pursue a negotiated resolution."
Houthi rebels in Yemen say an airstrike hit the capital Sana'a after the Iran-backed group claimed to have attacked Israel. Both sides have increased fighting in recent days. Meanwhile, a new front has opened up in the war in Gaza — a battle of the elements. Holly Williams reports.
A new Congress is set to be sworn into office next week, ending a tumultuous campaign year. For those who hoped the end of the election would break the fever of politically violent threats and rhetoric, there are new signs the opposite has happened. Scott MacFarlane reports on a surge in bomb threats and so-called "swatting" attacks on elected officials.
Homelessness in the U.S. jumped 18.1% this year, hitting a record level, with the dramatic rise driven mostly by a lack of affordable housing and devastating natural disasters, officials say. Lilia Luciano has the story.
Speculation is mounting that Russia's military could have had a role in the Azerbaijan Airlines plane crash that killed 38 people and left 29 survivors injured in Kazakhstan on Christmas Day. Moscow initially suggested a bird strike was to blame.