Yellen warns of "risky" cryptocurrency, touts "resilient" U.S. economy
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
Turkey, the centerpiece of Thanksgiving, is up 17% from last year as farmers are dealing with a one-two punch of soaring costs and the highly contagious avian flu, which is on par for one of its deadliest years yet. Nancy Chen takes a look at the price increases and some ways to save.
According to a monthly report released by the Labor Department Thursday, the consumer price index rose 7.7% from October 2021 to October 2022, an indication that inflation may finally be easing. Lori Bettinger, president of BancAlliance, joined John Dickerson to discuss the latest inflation data, and what it means for the economy.
The average interest rate for a credit card has climbed to a record high as the Federal Reserve keeps hiking interest rates to curb inflation. Lilia Luciano takes a look.
Markets surged Thursday as investors cheered the lower-than-expected October Consumer Price Index. John Leer, chief economist at Morning Consult, joins CBS News' Lana Zak and Errol Barnett to discuss the potential impact on interest rates and the overall economic outlook.
The average rate of a 30-year mortgage climbed back to 7.08%, the highest in two decades. CBS News’ Lana Zak and Errol Barnett speak with Dory Wiley, president & chief executive officer of Commerce Street Holdings, on what’s driving the increase in mortgage rates.
The annual rate of inflation has hit 7.7%, the lowest level since January. CBS News business analyst Jill Schlesinger joins CBS News' Lana Zak and Errol Barnett on what this means for families who've dealt with high prices for months.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
The consumer price index rose 7.7% in October from a year earlier. Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.
Janet Shamlian traveled to an Indiana turkey farm, where she found inflation is not the only reason this year's Thanksgiving meal is going to cost more.
The stock market fell more than 600 points on Wednesday, erasing Tuesday's gains. Managing Director of Wedbush, Dan Ives, joins CBS News to discuss the markets' reaction, the recent fall in demand for mortgages, and tomorrow's Consumer Price Index report.
Wall Street is waiting to see if balance of power in Washington shifts, but hot inflation remains main focus.
The stock market has dipped as midterm election results are released amid continued political uncertainty. Javier David, managing editor of business and markets for Axios, discusses initial market reaction and the relationship between the financial markets and election results.
The economy has been front and center in the minds of many voters and throughout the campaign season. CBS News national correspondent Errol Barnett looks at the issue of the economy by the numbers, with another dive into the "Pulse of the Nation."
2022 has been full of history-making news stories and many of them are a big part of what's driving voters to the polls. CBS News national correspondent Errol Barnett discusses the news events on voters' minds in "The Pulse of the Nation."
CBS News correspondent Manuel Bojorquez takes us through a tight Senate race in Nevada.
The economy and crime are two major issues voters are focusing on as they cast their ballots. Republican Strategist Leslie Sanchez and Democratic Strategist Antjuan Seawright join "CBS News Mornings" in a panel discussion about what is driving voters to the polls and how major issues are impacting their votes.
"Pressured parents" could be the difference in Pennsylvania's high-stakes election and could help determine who controls Congress.
Caitlin Huey-Burns spoke with "pressured parents" in Pennsylvania about what's driving them to vote. Crime, inflation and abortion access are among their concerns. They could be the difference in the state's high-stakes election.
While inflation and abortion rights remain major topics of concern for voters in the upcoming midterm elections, incumbent Rep. Elaine Luria of Virginia is making sure the Jan. 6 Capitol riot is at the forefront of voters’ minds in her congressional race with Republican challenger Jen Kiggans. Scott MacFarlane has more.
As the unemployment rate rose slightly to 3.7% last month, hiring across the nation continued to remained robust. Jacob Sonenshine, a markets reporter at Barron's, joined Weijia Jiang on CBS News to discuss what the recent jobs report means for the Federal Reserve's monetary tightening.
The U.S. Department of Labor reported today U.S. employers added more than 260,000 jobs last month -- exceeding expectations. But, the unemployment rate also rose 3.7%. Daniel Zhao, a senior economist for Glassdoor, breaks own the latest jobs report.
The latest jobs report shows 261,000 new jobs were added in October and the unemployment rate edged up slightly to 3.7%. The president of BancAlliance and former director of the Treasury Department's Troubled Asset Relief Program discusses what this data signals about the economy and CBS News senior White House correspondent Weijia Jiang reports on how the jobs numbers could impact the midterm elections.
Although the country continues to move forward, one inflation-walloped voter asks: "What do I cancel next?"
The Labor Department reported a drop in jobless claims for the week ending Oct. 29. This comes as the Federal Reserve hiked interest rates this week in an effort to tame rising inflation. Nick Bunker, economic research director for the Indeed Hiring Lab, joined CBS News to help bring clarity to the state of the economy and project what could be next.
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."
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.
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, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage.
Hezbollah leader Hassan Nasrallah was killed during a massive airstrike in Beirut, Lebanon on Friday.
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
Lyle Menendez tells "48 Hours" contributor Natalie Morales, "There's just never been a case of guilt or innocence. It was always about why it happened."
California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030.
In North Carolina, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage.
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
In a speech in Prairie du Chien, Wisconsin, the Republican nominee intensified his personal attacks against Vice President Kamala Harris.
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.
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.
A SpaceX Falcon 9 rocket blasted off from Cape Canaveral, Florida, on Saturday with a NASA astronaut and a Russian cosmonaut aboard a Crew Dragon capsule that normally carries four. That is because the Crew Dragon's two empty seats will be used to give two Boeing Starliner astronauts a ride back to Earth next February. Butch Wilmore and Suni Williams were part of Boeing's first crewed test flight of its Starliner, and though it got them to the International Space Station back in June, problems with its propulsion system prompted NASA to look for another ride. Manuel Bojorquez reports.
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.
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.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
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.
Kendy Howard, a 48-year-old wife and mother, was found dead in her bathtub with a gunshot wound to the head. Evidence at the scene led investigators to take a hard look at her husband, a former Idaho state trooper. Did he have the know-how to get away with murder?
Lyle Menendez tells "48 Hours" contributor Natalie Morales, "There's just never been a case of guilt or innocence. It was always about why it happened."
Kendy Howard was found dead in her bathtub. While dispatched as a suicide, clues at the scene made Kootenai County authorities suspicious.
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.
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?
Did a former Idaho state trooper use his law enforcement skills to stage his wife’s death in their bathtub? "48 Hours" correspondent Peter Van Sant reports.
A SpaceX Falcon 9 rocket blasted off from Cape Canaveral, Florida, on Saturday with a NASA astronaut and a Russian cosmonaut aboard a Crew Dragon capsule that normally carries four. That is because the Crew Dragon's two empty seats will be used to give two Boeing Starliner astronauts a ride back to Earth next February. Butch Wilmore and Suni Williams were part of Boeing's first crewed test flight of its Starliner, and though it got them to the International Space Station back in June, problems with its propulsion system prompted NASA to look for another ride. Manuel Bojorquez reports.
The Harris campaign is rolling out a new ad Saturday night during the Alabama-Georgia football game, which former President Donald Trump is attending, calling on him to commit to a second debate. Nikole Killion reports from Tuscaloosa.
President Biden on Saturday called the killing of Hezbollah leader Hassan Nasrallah in an Israeli airstrike on Beirut a "measure of justice," saying that under Nasrallah's leadership, Hezbollah was "responsible for killing hundreds of Americans over a four-decade reign of terror." Charlie D'Agata reports from the Pentagon.
Hassan Nasrallah, the leader of Hezbollah, was killed in an Israeli airstrike on Beirut Friday, the Lebanon-based militant group confirmed. For 32 years, Nasrallah led the Iranian-backed group, which is designated as a terrorist organization by the U.S. His death now fuels fears of an all-out regional war. Imtiaz Tyab reports from Beirut.