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The Federal Reserve is expected to raise interest rates for a fifth time Wednesday as part of ongoing efforts to curb inflation. Thomas Hogan, a senior fellow at the American Institute for Economic Research, joined CBS News to discuss the immediate and long-term impacts of the increase.
As President Biden sets off to attend the U.N. General Assembly in New York Tuesday, the Federal Reserve is expected to hike interest rates again on Wednesday in an effort to quell high inflation. Nancy Cordes reports from the White House.
Americans could pay as much as 17% more to heat their homes this winter, with electricity costs also expected to jump.
Value of U.S. dollar has been on a more-than-a-year-long tear that many experts don't see ending anytime soon.
Americans are expected to pay more to heat their homes this winter compared to last year. Mark Wolfe, executive director of the National Energy Assistance Directors' Association, explains what's behind the jump in costs.
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.
Israel's Cabinet has approved the ceasefire after urging from Israeli Prime Minister Benjamin Netanyahu.
Winter storm weather is forecast to bring snow to different parts of the country in the days around Thanksgiving 2024, potentially interrupting travel.
In the wake of Hurricane Helene, more than 2,000 landslides displaced families in western North Carolina. They are waiting to find out if rebuilding is even possible or safe.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Tom Homan and Texas Gov. Greg Abbott served meals to troops stationed in Eagle Pass and Edinburg as part of Operation Lone Star.
More than 3,000 fake Gibson guitars were seized by U.S. Customs and Border Protection in what authorities are calling the largest seizure of counterfeit musical instruments at the massive Los Angeles-Long Beach Seaport.
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.
Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.
Alexander Smirnov, an FBI informant, was accused of lying about President Biden and Hunter Biden and now faces new charges of tax evasion.
Former New York City Mayor Rudy Giuliani appeared in court Tuesday to face questions about his payments in the Georgia election defamation case. He claimed he's out of money.
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.
Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.
In some parts of the U.S., parents pay more than $30,000 annually for infant care at a center, federal data shows.
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Alexander Smirnov, an FBI informant, was accused of lying about President Biden and Hunter Biden and now faces new charges of tax evasion.
Americans are most thankful for family and friends, which may be why they'll try to steer away from politics at Thanksgiving.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Tom Homan and Texas Gov. Greg Abbott served meals to troops stationed in Eagle Pass and Edinburg as part of Operation Lone Star.
Warnings have been popping up on social media urging women who might be considering divorce to "pull the trigger" while they still have the option of no-fault divorce.
A New White House proposal would make Medicare and Medicaid cover GLP-1 weight loss drugs for people who are obese. The move would expand affordable access to the drugs to some 7.4 million people. Dr. Jon LaPook has more.
This may be the first Thanksgiving for millions of Americans who are on GLP-1 agonists like Ozempic, Zepbound or Wegovy.
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
The plan is to get close enough to tranquilize the animal with a hypodermic needle, airport officials said.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
Israel's Cabinet has approved the ceasefire after urging from Israeli Prime Minister Benjamin Netanyahu.
The U.S. Air Force says more unexplained drones have been sighted near major British military bases used by American forces.
Irish band The Script continues to inspire with hits like "Hall of Fame," while moving forward after the loss of guitarist Mark Sheehan. Danny O'Donoghue talks to Natalie Morales about the band's journey, and how boxing helps him cope.
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in the hit CBS comedy "Ghosts," where she plays a spirited 1920s jazz singer with plenty of sass.
From Emmy wins to Oscar nods, Colman Domingo reflects on his career and dives into his latest role in Netflix's "The Madness."
Brittney Griner and her wife Cherelle welcomed their son, Bash, in July. Now, they're sharing adorable family photos and looking ahead to their first Christmas together.
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
British phone company Virgin Media O2 has developed an AI-generated grandmother to talk to scammers all day and waste their time so you don't have to. CBS News Confirmed executive producer Melissa Mahtani has more on the "grandma" and how you can protect yourself from phone scams.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
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.
More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
More than 3,000 fake Gibson guitars were seized by U.S. Customs and Border Protection in what authorities are calling the largest seizure of counterfeit musical instruments at the massive Los Angeles-Long Beach Seaport.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
A hearing for Erik and Lyle Menendez, brothers convicted of killing their parents more than three decades ago, was postponed Monday after technical issues with the brothers' virtual appearance. The family of the brothers are asking a judge to reduce their sentences of life without parole.
An FBI agent who was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
A California judge on Monday delayed his decision on whether to resentence the Menendez brothers until January. In October, the outgoing Los Angeles district attorney requested a judge reconsider Lyle and Erik's sentences for the 1989 murders of their parents after new evidence was introduced. CBS News correspondent Elise Preston reports.
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
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.
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.
Two months after Hurricane Helene brought devastating flooding to North Carolina, some residents still can't get home. Landslides triggered by the flooding may have even made it too dangerous to rebuild in some areas. Dave Malkoff has the story.
A New White House proposal would make Medicare and Medicaid cover GLP-1 weight loss drugs for people who are obese. The move would expand affordable access to the drugs to some 7.4 million people. Dr. Jon LaPook has more.
Margaret Brennan explains how the ceasefire between Israel and Hezbollah came together, and what role the Biden administration played.
Anne Wojcicki, the embattled CEO of genetic testing company 23andMe sat down with "CBS Mornings" co-host Gayle King to discuss the massive data breach the company suffered and how it can rebuild trust.
President-elect Donald Trump has announced plans to place additional tariffs on goods imported from China, Mexico and Canada, the United States' three biggest trading partners. Some small business owners worry the move could hurt them. Kelly O'Grady reports.