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Stocks on Wall Street plunged Thursday, a day after the Federal Reserve announced yet another interest rate hike. Megan Greene, senior fellow at Brown University, and the global chief economist for the Kroll Institute, joins CBS News' "Prime Time" to discuss the state of the economy.
CBS MoneyWatch reporter Megan Cerullo joins CBS News to share tips for managing checking accounts as interest rates rise.
The Federal Reserve boosted its benchmark interest rate by 0.5 percentage point, marking its seventh consecutive hike this year. David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined John Dickerson to discuss the Fed's efforts to bring inflation down.
The Federal Reserve raised interest rates again as it tries to ease inflation. Tanya Rivero takes a look at what it means for the housing market.
The Federal Reserve raised interest rates by half a point Wednesday, and the Dow Jones Industrial Average index fell following the announcement before briefly spiking when Fed Chairman Jerome Powell said that he wouldn't rule out the prospect of a soft landing. J.D. Durkin, host of "TheStreet," joined CBS News to look back on the Fed's work in 2022 and discuss what Americans should expect in the coming year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Concerns over rising interest rates and inflation are weighing on many parents and students as they consider taking out loans for college. Ann Berry, founder of Threadneedle Ventures, joined CBS News' Lana Zak and Errol Barnett to discuss how to approach the important decision.
Punishing inflation is forcing many people to economize this holiday season, while some are skipping gifts altogether.
Inflation slowed sharply in November, continuing a gradual decline since price hikes peaked across the U.S. this summer. Ed O'Keefe reports.
The Labor Department reported Tuesday that the Consumer Price Index rose 7.1% over the last 12 months, the slowest rate of inflation since December of 2021. William Lee, chief economist for the Milken Institute, joined CBS News to discuss the latest data.
In the U.S., inflation is at a 40-year high. Secretary of the Treasury Janet Yellen told 60 Minutes she sees positive signs that many of the underlying causes are being resolved and that by the end of 2023, inflation will be substantially reduced.
The annual inflation rate hit 7.1% in November, the fifth straight month that consumer prices cooled off. Lori Bettinger, president of BancAlliance, joins CBS News' Elaine Quijano and Lana Zak on how this could affect the Federal Reserve's announcement Wednesday on interest rates.
President Biden says the latest Consumer Price Index report is a sign that the country's economy is heading in the right direction. November's monthly index showed inflation is slowing, and the rate was not only lower than October's, but less than economists predicted. CBS News senior White House and political correspondent Ed O'Keefe has more on the administration's economic agenda and the celebratory plans for the signing of the Respect For Marriage Act into law.
Wall Street jumped after a government report showed U.S. inflation slowed more in November than analysts had expected.
The Consumer Price Index rose 7.1% in November, down from 7.7% in October. The Federal Reserve is expected to announce another interest rate hike this week. CBS News reporter Sarah Ewall-Wice joins us with the latest on what this means for the economy.
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
Although the sharpest price increases are behind us, it could be years before runaway inflation finally runs its course.
The Federal Reserve is set to meet this week to discuss another possible interest rate hike. The two-day meeting comes after Treasury Secretary Janet Yellen saying she predicts a significant reduction in inflation by the end of next year. Kristin Myers, the editor-in-chief at The Balance, joins CBS News to discuss.
Gary Thomas, who has a sprawling farm near the Pennsylvania-Maryland border, has worried about what customers will think of his price hikes.
Americans are expected to spend more to decorate and buy gifts for family and friends this holiday season. Scott MacFarlane reports that price increases are hitting the holiday industries, but people still want to spend this year to keep their traditions going.
The treasury secretary tells Norah O’Donnell how she thinks the economy will fare in the coming year and what her department is doing to end the war in Ukraine.
The Federal Reserve is meeting next week to decide on interest rate hikes. Geetu Sharma, founder and investment manager of AlphasFuture, discussed the state of the stock market.
Wholesale prices rose 0.3% in November, despite efforts to cool inflation. The numbers could signal another interest rate hike by the Federal Reserve. Bob Elliot, the CEO and CIO of Unlimited, joins CBS News' Lana Zak and Tanya Rivero to discuss.
The British government has announced an overhaul of financial regulations that were originally put in place following the 2008 financial crisis. And China eases its strict "zero-COVID" policies in an effort to bring down inflation. CBS News foreign correspondent Ramy Inocencio discusses with anchors Anne-Marie Green and Meg Oliver.
According to the Bureau of Labor Statistics' Producer Price Index that was released today, the prices of wholesale goods in the U.S. rose 0.3% for the month of November. Meanwhile, investors are trying to remain optimistic about the stock market heading into 2023. CBS News contributor and Axios managing editor of business and markets Javier David joins us to discuss.
Hassan Nasrallah, the longtime leader of Iran-backed Hezbollah, was killed in an airstrike in Lebanon's capital Beirut.
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
In North Carolina alone, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage from Hurricane Helene.
In most states, those who wish to vote have more than one option that makes it easier and more convenient to register or update their registration than in past years.
On Saturday, Pope Francis acknowledged that the abuse scandal had created "atrocious suffering and wounds," and undermined the faith.
Tyler Theroux was born with a brachial plexus injury that would eventually leave him depressed and in extreme pain. A complex surgery finally provided relief.
The 60-year-old priest was questioned by the investigating judge and placed under arrest, the prosecutor's office said.
The record comes in a season in which the White Sox had multiple double-digit losing streaks and fired manager Pedro Grifol.
In North Carolina, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage.
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
In most states, those who wish to vote have more than one option that makes it easier and more convenient to register or update their registration than in past years.
Darien Urban, 21, and Shalene Ehlers, 20, the baby's parents were arrested after they allegedly tried to sell their 2-month-old baby because having three dogs and an infant was "not working."
This follows a bombshell report last week which found that Robinson had posted racist and sexually explicit comments online.
Bigger bins and premium-priced seating with added legroom are just some of the changes the carrier is betting will win over customers.
Rising Florida home insurance rates, which surged 45% from 2017 to 2022, are likely to keep climbing along with the mercury, experts say.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
In most states, those who wish to vote have more than one option that makes it easier and more convenient to register or update their registration than in past years.
This follows a bombshell report last week which found that Robinson had posted racist and sexually explicit comments online.
Despite suspending his campaign, the independent presidential candidate was fighting to have his name restored to the state's ballot.
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
Tyler Theroux was born with a brachial plexus injury that would eventually leave him depressed and in extreme pain. A complex surgery finally provided relief.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
President Biden said, "Nasrallah and the terrorist group he led, Hezbollah, were responsible for killing hundreds of Americans over a four-decade reign of terror."
The 60-year-old priest was questioned by the investigating judge and placed under arrest, the prosecutor's office said.
On Saturday, Pope Francis acknowledged that the abuse scandal had created "atrocious suffering and wounds," and undermined the faith.
A U.K. watchdog identified "multiple instances of misconduct" in the running of Campbell's charity Fashion for Relief.
Landslides and flooding caused by rainfall have killed at least 66 people in Nepal. Dozens of others are missing, police said Saturday.
Dame Maggie Smith, whose luminous career included two Academy Awards and a Tony, died on Friday, September 27, 2024, at age 89. In this "Sunday Morning" profile that aired January 20, 2002, correspondent Eugenia Zukerman talked with Smith about her roles, which ranged from Shakespeare's Desdemona to Harry Potter's Professor Minerva McGonagall; and about her grandmother's advice that she never appear on the stage. Zukerman also talked with "Gosford Park" director Robert Altman and producer Bob Balaban about the actress' on-screen magic.
The festival, which runs through Oct. 14, features new films starring Adrien Brody, Daniel Craig, Tilda Swinton, Julianne Moore, Saoirse Ronan, Naomi Watts and Bill Murray.
Richard Powers has been writing for decades, after a career as a computer programmer. In 2019, his nature-inspired book "The Overstory" took home a Pulitzer Prize. His newest book, "Playground," also focuses on the natural world, this time paying homage to our oceans, celebrating their beauty and raising concern for the future. Jeff Glor has more.
Author V.E. Schwab has written nearly two dozen books since making her debut in 2011. Her novels feature modern characters and twisty plots, and are helping redefine the fantasy genre. Dana Jacobson has more.
In this preview of an interview to be broadcast on "CBS Sunday Morning" September 29, correspondent Anthony Mason talks with Chris Martin and Jonny Buckland of the rock band Coldplay about their massively-successful world tour.
Top U.S. artificial intelligence startup OpenAI took a hit Thursday after three of its top executives exited the company. The departures come as CEO Sam Altman is reportedly preparing to turn OpenAI into a traditional for-profit company. Connie Guglielmo, senior vice president focused on AI edit strategy for CNET, joins CBS News to examine the future of the startup.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
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.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
CBS News found the song has been used in more than 4,500 TikTok videos alone, with some users believing it's a song released by Bieber.
In this episode of "Climate Watch: Protecting the Planet," CBS News senior environmental correspondent Ben Tracy speaks to scientists and experts about the growing number of critically endangered plants and animals and how humans can help.
The author revisits his 2000 bestseller "The Tipping Point," to examine the flip side of that earlier book's lessons about studying social change. Among the topics he covers: Cheetah reproduction.
The Viking burial ground, used during the 9th and 10th centuries, was discovered on the southern outskirts of the village of Åsum.
Nine years after it was negotiated, the Paris Climate Agreement continues to serve as a blueprint for global environmental goals. Todd Stern, the top U.S. negotiator for the deal, outlines the years-long process it took to reach the landmark agreement in his new book, "Landing the Paris Climate Agreement: How It Happened, Why It Matters and What Comes Next." Stern joins CBS News to look back at the talks.
Florida is bracing for the wrath of Hurricane Helene. A common question that scientists face during natural disasters like this is: Has climate change impacted their severity? CBS News Miami investigative reporter Jim Defede and CBS News Texas investigative reporter Brian New break down how lawmakers and residents in their states view climate change amid natural disasters.
Darien Urban, 21, and Shalene Ehlers, 20, the baby's parents were arrested after they allegedly tried to sell their 2-month-old baby because having three dogs and an infant was "not working."
A search was underway for the suspects, national police spokesperson Brig. Athlenda Mathe said in a statement regarding the two mass shootings in South Africa.
Maj. Michael Stockin, an Army physician accused by more than 40 patients of sexual misconduct, has reached a plea deal with prosecutors, his attorney says.
New York City Mayor Eric Adams appeared in court Friday and pleaded not guilty to federal charges against him. CBS News' Nikki Battiste was in court while the Adams' arraignment took place.
New York City Mayor Eric Adams was arraigned Friday, a day after a federal indictment outlined alleged crimes Adams carried out involving a foreign government. CBS News' Nikki Battiste was in court.
Crew Dragon's two astronauts will join two Starliner fliers for a five-month tour of duty aboard the International Space Station.
Later today, the SpaceX Dragon spacecraft is set to launch a crewed mission to the International Space Station. The craft is also set to bring back the two astronauts who have been waiting for a ride home since June.
A NASA astronaut and a Russian cosmonaut will join the Starliner astronauts for a normal tour of duty
The Soyuz landing in Kazakhstan sets the stage for launch of a SpaceX Crew Dragon flight to the space station Thursday.
For the next two months, Earth will have a "mini-moon" when a small asteroid temporarily orbits the planet. Scientists say the asteroid, which is only 33 feet long, will enter Earth's gravity in a horseshoe orbit September 29 before leaving on November 25. Most people won't get a glimpse of this mini-moon though, it's too small to see without professional equipment.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
In this episode of "Climate Watch: Protecting the Planet," CBS News senior environmental correspondent Ben Tracy speaks to scientists and experts about the growing number of critically endangered plants and animals and how humans can help.
Dame Maggie Smith, whose luminous career included two Academy Awards and a Tony, died on Friday, September 27, 2024, at age 89. In this "Sunday Morning" profile that aired January 20, 2002, correspondent Eugenia Zukerman talked with Smith about her roles, which ranged from Shakespeare's Desdemona to Harry Potter's Professor Minerva McGonagall; and about her grandmother's advice that she never appear on the stage. Zukerman also talked with "Gosford Park" director Robert Altman and producer Bob Balaban about the actress' on-screen magic.
In 2003, Ed Bradley traveled to Beirut to interview Hassan Nasrallah as part of a 60 Minutes report on the Islamist terrorist organization Hezbollah. On Friday, Nasrallah, Hezbollah's longtime leader, was killed during an Israeli airstrike in Beirut.
Hezbollah leader Hassan Nasrallah killed in Israeli airstrike on Beirut; Author Richard Powers on his new book "Playground."
The Wild Feathers were formed in 2010, and since then, they've been touring non-stop. The Nashville-based quintet has recorded four studio albums, sold-out headlining tours, and shared dates with icons like Willie Nelson and Bob Dylan. This week, the band will release "Sirens," their first new album in three years. Here are The Wild Feathers with "Stereo."