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With the highest inflation rates in four decades, the federal reserve has raised the short-term interest rate for the fourth time this year. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the impact this has on borrowers with mortgages, credit card debt and loans.
Federal Reserve raises interest rates; lawmakers grill gun manufacturers.
The Federal Reserve made another move to try and tamp down rising prices by raising interest rates by 3/4 of a percentage point, the fourth hike this year. Kris Van Cleave shares the latest.
Senators Joe Manchin and Chuck Schumer say they have reached a deal on the Inflation Reduction Act, a bill that includes measures to fight inflation, lower drug costs and address climate change. CBS News congressional correspondent Nikole Killion breaks down the legislation and other measures that Congress is working to pass.
For the fourth time this year, the Federal Reserve has raised its benchmark interest rate in a bid to slow record-high inflation. Megan Cassella, a reporter for Barron's, joined CBS News' Lana Zak to discuss.
Fed hikes interest rates again amid recession fears; FBI honors 1st female special agents 50 years later
The Federal Reserve raised interest rates 0.75% on Wednesday. It's the fourth rate hike this year, aimed at curbing inflation while also preventing a recession. Naomi Ruchim reports on the news. Then, Major Garrett is joined by Adam Phillips, managing director of portfolio strategy at EP Wealth Advisors, to discuss what this could mean for the economy.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
At a bodega in the Bronx, the price for New Yorkers' favorite breakfast sandwich has increased by $2.
"Extraordinary" rate hike comes on the heels of another sharp increase in June. That means debt is about to get more expensive.
Economists and investors are bracing for another aggressive rate hike from the Federal Reserve today. The expected move would mark the fourth rate increase this year. Frances Stacy, the director of portfolio strategy for Optimal Capital, joins CBS News' Tanya Rivero and Christina Ruffini to discuss the central bank's upcoming meeting and its significance.
Strong financial results from Alphabet, Boeing and other corporate bellwethers helped lift investors' mood.
The Federal Reserve is expected to announce the fourth interest rate increase of the year. They're hoping to curb inflation and prevent a recession. CBS News reporter Sarah Ewall-Wice joined Vladimir Duthiers and Jericka Duncan with a closer look at how another rate hike might impact American consumers.
In an effort to curb inflation, officials at the Federal Reserve are looking to hike interest rates. Finance correspondent for Insider Aaron Wineman joins CBS News Mornings with what that could mean for American's wallets.
The Federal Reserve is expected to hike interest rates for the fourth time since March in an effort to curb inflation and avoid a recession. Kris Van Cleave reports.
New interest rate hike expected today; Russia's space shake-up.
Investors and economists are bracing for another possible interest rate hike as the Federal Reserve is set to meet this week. Dion Rabouin, a reporter for the Wall Street Journal, joins CBS News to discuss what another hike could mean for the U.S. economy.
Lori Bettinger, the president and BancAlliance and former director of the Troubled Asset Relief Program, joins CBS News' Tanya Rivero and Lana Zak to discuss consumer spending, falling consumer confidence, the upcoming Federal Reserve meeting and recession concerns.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
The Conference Board's consumer confidence index fell for the third straight month in July as inflation and interest rate hikes discourage spending. Steve Odland, president and CEO of The Conference Board, speaks with CBS News' Tanya Rivero and Lana Zak about why consumers are worried.
Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.
Housing prices nationwide are up about 20%, but they've soared far more in the Tampa Bay area. Tampa Bay's home prices spiked nearly 36% and rents are up about 22% from last year. Mark Strassmann reports.
Democrats have spent little on ads mentioning inflation and instead are focusing on proposals to lower costs as prices soar.
President Biden's COVID-19 symptoms have almost completely gone away, his doctor said. CBS News political correspondent Caitlin Huey-Burns joins CBS News' Lana Zak to discuss Biden's condition, plus the White House's response to monkeypox, the upcoming GDP numbers and the semiconductor chips bill.
The Federal Reserve is expected to raise its benchmark interest rate again to combat inflation. Matt Schulz, chief credit analyst for LendingTree, joined CBS News' Tanya Rivero and Nikki Battiste to discuss what Americans should know ahead of the Fed's decision.
As Israel and Hezbollah cease fire after a year, President Biden says Palestinians in war-torn Gaza also "deserve an end of the fighting and displacement."
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
A woman saw a photo of a man she believed to be her brother who was reported missing in 1999. She was right.
Rep. Elise Stefanik, selected to be U.S. ambassador to the United Nations, said her home was targeted.
A ban on transgender students from kindergarten through college using multiperson bathrooms that fit their gender identities has become law in Ohio.
An Australian police officer who Tasered 95-year-old great-grandmother Clare Nowland in her care home has been found guilty of manslaughter.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially valuable but vulnerable species.
Consumers are expected to open their wallets this holiday season, with these children's toys high on the list.
The Trump transition team has yet to sign key agreements with the Justice Department or General Services Administration, White House officials say.
A ban on transgender students from kindergarten through college using multiperson bathrooms that fit their gender identities has become law in Ohio.
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
Consumers are expected to open their wallets this holiday season, with these children's toys high on the list.
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
23andMe CEO Anne Wojcicki talks to "CBS Mornings" co-host Gayle King about the company's recent struggles, welcoming employee feedback and her vision for the future of the genetic-testing and ancestry-tracing company.
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially valuable but vulnerable species.
Rep. Elise Stefanik, selected to be U.S. ambassador to the United Nations, said her home was targeted.
The Trump transition team has yet to sign key agreements with the Justice Department or General Services Administration, White House officials say.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
Alexander Smirnov, an FBI informant, was accused of lying about President Biden and Hunter Biden and now faces new charges of tax evasion.
An Illinois mom got stuck with a big bill after taking her 3-year-old to the ER but never seeing a doctor. "It's mind-blowing," she said.
Why is Thanksgiving traditionally associated with turkey and other specific foods? We asked a history expert why we eat what we do on the holiday.
If you're looking forward to a delicious — and safe — Thanksgiving dinner with loved ones, here's how to cook your turkey and keep your leftovers safely.
A federal panel has been meeting for months to draft recommendations.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Australia's House of Representatives has passed a bill that would ban children under the age of 16 from using most social media platforms.
As Israel and Hezbollah cease fire after a year, President Biden says Palestinians in war-torn Gaza also "deserve an end of the fighting and displacement."
Mark Swidan, Kai Li, and John Leung have been released from detention, a spokesperson for the National Security Council said.
Torrential rain unleashed flooding and landslides on Indonesia's Sumatra island, killing 20 people and leaving at least two others missing.
Members of the iconic band, the Grateful Dead, reflected on the impact bandmate Phil Lesh had on their lives and said they had hoped to play together again.
Iconic band The Grateful Dead, is remembering one of the band's original members, Phil Lesh, who died in October at 84 years old. The surviving original members of the band credit Lesh for the impact he made in each of their lives and revealed they were hoping to play together one more time.
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
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.
Australia's House of Representatives has passed a bill that would ban children under the age of 16 from using most social media platforms.
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.
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.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
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.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
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.
Daniel Andreas San Diego, a suspect in in two 2003 northern California bombings, was arrested in the U.K. this week. San Diego, who had been one of the FBI's most wanted terror suspects, now faces extradition.
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially valuable but vulnerable species.
An Australian police officer who Tasered 95-year-old great-grandmother Clare Nowland in her care home has been found guilty of manslaughter.
The Los Angeles County man, who was trying to board a flight to Australia, faces one count of intent to distribute methamphetamine.
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.
Cecilia Vega travels to the U.K. for an intimate portrait of Kate Winslet, Hollywood’s most un-Hollywood A-lister, and explores her journey to starring in and producing her latest film, “Lee.” 60 Minutes, Sunday.
AAA expects nearly 72 million people will drive to their Thanksgiving destination, which is a record setting number of drivers. Gas will be about $.19 cheaper compared to last year. Meanwhile, at the airports the TSA plans to screen 2.9 million flyers Wednesday.
A new memo from the FBI and Department of Homeland Security this week suggests there are concerns over lone wolf attacks and other threats heading into the Thanksgiving holiday. CBS News Homeland Security and Justice reporter Nicole Sganga has more.
CBS News Chicago reporter Mugo Odigwe and CBS News Boston reporter Penny Kmitt have reports from their local airports where travelers are trying to make it to their destinations for Thanksgiving. And CBS News Philadelphia meteorologist Grant Gilmore has a look at the national forecast.
The ceasefire between Israel and Hezbollah has taken effect and appears to be holding as people return to their homes in Lebanon. CBS News national security contributor Samantha Vinograd has a look at the implementation of the agreement.