Stocks rise amid expectations of another big rate hike
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
But "markets have good reason to be braced for headwinds," one analyst said of expectations Fed will hike rates this week.
In a wide-ranging conversation with Scott Pelley, President Biden answers questions on Taiwan, inflation, the classified documents found in former President Trump's home and more.
CBS News senior national correspondent Mark Strassmann reports from Los Angeles on fears that inflation may be much more entrenched and sticky than previously thought.
All three major stock indexes ended the week with losses for the fourth time in five weeks. Victoria Fernandez, chief market strategist at Crossmark Global Investments, joins CBS News to discuss what it means for the U.S. economy.
To compensate for higher costs of living, more Americans are resorting to "buy now, pay later" plans, and regulations have not kept up with the new digital offerings. Finance reporter Ken Sweet from The Associated Press joins CBS News to discuss the risks for consumers.
Tentative deal averts rail strike; Commerce Department says August retail sales up 0.3%.
David Kelly, the chief global strategist for J.P. Morgan Asset Management, joins CBS News to discuss the drop in first-time jobless claims last week and last month's rise in retail sales. He also shares his expectations for next week's highly anticipated Federal Reserve meeting.
The tentative agreement between railway companies and its workers is welcome news to farmers who depend on trains to transport their goods. But it's not the only issue in America threatening farmers. Mark McHargue, president of the Nebraska Farm Bureau, joined CBS News to discuss the impact inflation has had on farms across the country.
As inflation increases the cost of living, many families are finding themselves forced to quickly adapt to a new environment where their dollars don't go as far. Claudia Hernandez, a single mom, discussed the changes she has had to make for herself and her daughter, Isabella, in response to higher prices. While it's hard to cut back, Hernandez has done so with optimism for the future and has become resourceful with ways in which she is making sure she's taking care of her daughter and herself. She spoke with Anne-Marie Green and Vladimir Duthiers about how inflation has impacted her life and the lessons she's teaching her daughter about financial responsibility.
The average mortgage interest rate in the U.S. rose above 6% for the first time since 2008, and applications have fallen to their lowest level in over two decades. BancAlliance president Lori Bettinger joins "CBS News Mornings" to discuss.
White House announces "tentative" railroad deal with union reps; All-female wrestling league returns for new season.
Indication of lasting inflation worries Americans; White House steps in amid potential railroad workers strike.
White House officials are attempting to avert a railroad strike before Friday's deadline. Meanwhile, a recent report from the Labor Department shows that inflation is still high. CBS News chief White House correspondent Nancy Cordes spoke exclusively with Treasury Secretary Janet Yellen about those issues, then joined CBS News' John Dickerson to discuss.
Inflation "obviously is of tremendous concern to Americans," the treasury secretary told CBS News chief White House correspondent Nancy Cordes in an interview.
The Federal Reserve's plan to get inflation under control is fueling concerns of future layoffs and a possible recession. CBS News' John Dickerson breaks down how this will affect you with Guy Berger, principal economist for LinkedIn.
The Biden administration is working to avoid a rail strike that could derail the economy that's already been slowed by record inflation. Nancy Cordes spoke to Treasury Secretary Janet Yellen about the looming strike and rising prices.
Investors on Wall Street are pessimistic on inflation after August's Consumer Price Index report showed prices rising. CBS News chief White House correspondent Nancy Cordes spoke with Treasury Secretary Janet Yellen about the state of the economy and the impact of a potential rail strike.
The new wholesale prices report is echoing Wall Street's concerns that inflation isn't easing quickly enough. It comes on the heels of the worst day for stocks in more than two years. Matt Sapaula, founder of Money Smart Guy, joined CBS News to discuss.
Stocks dropped after the latest Consumer Price Index report showed U.S. inflation remains high. The Dow tumbled nearly 1,300 points Tuesday for the worst day since June 2020. Wall Street Journal reporter Dion Rabouin joins CBS News to discuss the market reaction.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to explain why the stock market dipped and what the economy could look like heading into the holiday season.
Package explodes at Northeastern University; Senate and governor races intensify in key swing state
Income inequality continues to exist between gendered groups and racial groups.
The Consumer Price Index rose 8.3% in the past 12 months, as higher prices for groceries, shelter and medical care offset lower gasoline prices. CBS News chief White House correspondent Nancy Cordes has more on the latest report. Then, Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins John Dickerson on "Prime Time" to discuss the impact.
The consumer price index increased 8.3% in the last year as the cost of food, rent and health care continues rising. The news sent stocks plummeting. Meanwhile, President Biden celebrated the new Inflation Reduction Act with an event at the White House. Nancy Cordes has more.
President Biden said a regional conflict in the Middle East "has to be avoided."
At least 63 people across multiple states were killed during Hurricane Helene.
Sen. JD Vance and Minnesota Gov. Tim Walz will face off on Tuesday in the first and only vice presidential debate of the cycle.
FEMA Administrator Deanne Criswell called the storm "a true multi-state event" that's had "significant impacts" across five states.
After some initial confusion, Vance was permitted to enter and encouraged people to support a small business.
The popular Republican governor, who served from 2015 to 2023, has Trump's endorsement. But Hogan said he won't be voting for the former president.
The record was broken in deafening fashion at Eden Park rugby stadium in Auckland.
Throughout his 50-year career in show business, John Ashton appeared in nearly 100 movies.
More than 40,000 people reported outages with the music platform on downdetector.com.
People in the northern part of Rockdale County were ordered to evacuate and others were told to shelter in place with windows and doors closed.
Sen. JD Vance and Minnesota Gov. Tim Walz will face off on Tuesday in the first and only vice presidential debate of the cycle.
More than 40,000 people reported outages with the music platform on downdetector.com.
On this "Face the Nation with Margaret Brennan" broadcast, FEMA administrator Deanne Criswell and former Maryland Gov. Larry Hogan join Robert Costa.
The popular Republican governor, who served from 2015 to 2023, has Trump's endorsement. But Hogan said he won't be voting for the former president.
More than 40,000 people reported outages with the music platform on downdetector.com.
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.
Sen. JD Vance and Minnesota Gov. Tim Walz will face off on Tuesday in the first and only vice presidential debate of the cycle.
On this "Face the Nation with Margaret Brennan" broadcast, FEMA administrator Deanne Criswell and former Maryland Gov. Larry Hogan join Robert Costa.
The popular Republican governor, who served from 2015 to 2023, has Trump's endorsement. But Hogan said he won't be voting for the former president.
The following is a transcript of an interview with Larry Hogan, former Maryland governor, on "Face the Nation with Margaret Brennan" that aired on Sept. 29, 2024.
The following is a transcript of an interview with H.R. McMaster, CBS News contributor and former National Security Adviser, on "Face the Nation with Margaret Brennan" that aired on Sept. 29, 2024.
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.
A projection for ORF public television, based on counting of more than half the votes, put support for the Freedom Party at 29.2% and Chancellor Karl Nehammer's Austrian People's Party at 26.3%.
Pope Francis, who didn't mention Israel by name and said he was speaking in general terms, said that "the defense must always be proportional to that attack."
The record was broken in deafening fashion at Eden Park rugby stadium in Auckland.
U.S. Central Command said two of the dead were senior militants affiliated with the extremist Islamic State group and an al-Qaeda-linked group in Syria.
President Biden said a regional conflict in the Middle East "has to be avoided."
Throughout his 50-year career in show business, John Ashton appeared in nearly 100 movies.
Bestselling author Malcolm Gladwell's latest, "Revenge of the Tipping Point," builds on a familiar idea from his books: You may think you know how the world works, but you're wrong! The provocative Gladwell talks with correspondent David Pogue about why he's refused to change his approach, his work ethic, or his contrarianism.
During a stop on their "Music of the Spheres" global tour, which Billboard calls "the biggest rock tour of all time," Chris Martin, Will Champion, Guy Berryman and Jonny Buckland talk about their new album, the songwriting process, and their future playing together.
Twenty-five years after their first hit record, Coldplay's current world tour, which Billboard calls "the biggest rock tour of all time," has earned more than a billion dollars and sold more than 10 million tickets. During a stop in Dublin, correspondent Anthony Mason catches up with Chris Martin, Will Champion, Guy Berryman and Jonny Buckland to talk about "Moon Music" (the band's tenth studio album), the songwriting process, and their future playing together.
Ina Garten was working an economic policy job at the White House when, at age 30, she changed direction, buying a small specialty food store called the Barefoot Contessa in West Hampton Beach, New York. It started her on a career as an entrepreneur, cookbook author and culinary TV host. Garten, whose new memoir is "Be Ready When the Luck Happens," talks with correspondent Rita Braver about her painful childhood; her marriage; and what she thinks about the prospect of retiring.
Being able to identify hoaxes, avoid scams, and debunk propaganda is a civic skill required in today's information society. That's why the curriculum of students in Finland includes media literacy lessons, aimed at safeguarding a precious resource: the truth. Correspondent Chris Livesay 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.
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.
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.
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?
Maryland's former Republican governor, Larry Hogan, who has been backed by former President Donald Trump in the race for U.S. Senate, tells "Face the Nation with Margaret Brennan" that he isn't backing the former president in the 2024 race. "Neither one of the two candidates has earned my vote, and the voters in the country are going to be able to make that decision," he said.
Ret. Gen. H.R. McMaster, who served as national security adviser in the Trump administration" tells "Face the Nation with Margaret Brennan" that "I don't really buy it" that the former president could broker a settlement to the war in Ukraine, as Trump has claimed.
Ret. Gen. Stanley McChrystal has backed Vice President Kamala Harris in the 2024 presidential race, telling "Face the Nation with Margaret Brennan" that "character is very important, and so I'm voting for character. I'm voting for Kamala Harris."
Israel's military said Saturday that it had killed Hezbollah leader Hassan Nasrallah, and a cousin of his is already emerging as his replacement who could rule the terrorist organization in a similar fashion, Imtiaz Tyab reports from Tel Aviv.
Amid historic flooding in North Carolina from the remnants from Hurricane Helene, FEMA administrator Deanne Criswell tells "Face the Nation with Margaret Brennan" that "I don't know that anybody could be fully prepared for the amount of flooding and landslides that they are experiencing right now."