Stocks plunge to lowest levels since 2020 on aggressive rate hikes
Investors continue to worry that Fed could hit brakes on economy too hard and cause a recession.
Inflation
Small tips to save big at the grocery store
CBS News correspondent Meg Oliver takes a trip to the grocery store with consumer reports expert Brian Vines to learn small ways to save big in the grocery store.
Rising mortgage rates drive up demand to rent
Average U.S. rent costs have fallen for the first time since 2020. Nest Seekers International chief economist Erin Sykes joined CBS to discuss what's driving the trend and what renters can expect.
Medicare premiums will drop next year. Here are the savings.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
Federal Reserve hikes interest rate again
The Federal Reserve raised interest rates by three-quarters of a percentage point for the third consecutive time this year in an effort to curb inflation. CBS News business analyst Jill Schlesinger explains what's behind the move and what we should expect going forward.
Italy to be led by far-right Giorgia Meloni
As Europe is gripped by rising inflation and energy costs, Italians have voted in its most right-wing government since Benito Mussolini. As CBS News correspondent Chris Livesay reports, her campaign was marked with hallmarks of fascism and her opponents fear her right-wing policies.
MoneyWatch: Value of British pound drops
People in the U.K. are facing price increases on food and gasoline, as the British pound's value briefly dropped to an all-time low against the U.S. dollar. CBS News' Lana Zak explains what that means for Americans, then Joice Alves, a European stock market correspondent for Reuters, joins "CBS News Mornings" to share the impact she has noticed in London.
11/10: Red and Blue
President Biden's agenda polls higher than he does; New Zealand Prime Minister Ardern's toddler crashes livestream
Volatility hitting U.S. and U.K. economies
Rick Newman, a senior columnist for Yahoo Finance, joins CBS News to discuss the ongoing impact of the Federal Reserve's latest interest rate hike, the historic drop of the British pound and how concerned Americans should be about the economy.
Consumers gaining confidence as gas prices slide
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
Concern growing over housing market
Inflation remains over 8%, and now there are growing concerns about the housing market. A recent analysis found that more than half of the country's largest regional markets are "significantly overvalued." Mark Strassmann has more.
Face The Nation: Salvanto, Strassman, Bostic, Aguilar
Missed the second half of the show? The latest on the Battleground Tracker as the GOP House lead shrinks; Inflation, stocks, interest rates fuel economic uncertainty; Atlanta Fed chief says central bank is working to avoid "deep, deep pain" and the Jan. 6 panel having "evolving discussions" over Mike Pence's testimony.
Atlanta Fed chief: Central bank working to avoid "deep, deep pain"
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, "there is some ability for the economy to absorb our actions and slow in a relatively orderly way."
Inflation, stocks, interest rates fuel economic uncertainty
CBS News senior national correspondent Mark Strassmann reports from Atlanta on the uncertainty surrounding the economy as inflation continues, stocks fall and higher interest rates fuel a housing pullback.
DOW plunges amid fears of a recession
As cars, food and electricity become more expensive, Americans are feeling the pressure of rising inflation. The DOW dropped 486 points, its lowest since late 2020, on Friday. Michael George has the details.
Dow hits bear market territory during trading
The Dow Jones Industrial Average entered bear market territory during intraday trading Friday as investors fear a possible recession. Nancy Davis, founder and chief investment officer at Quadratic Capital Management, reacted to the steep market drop.
Stocks plunge, dragging Wall Street toward another down week
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Dow drops below 30,000 points
The Dow Jones Industrial Average dropped below 30,000 Friday for the first time since 2020. Javier David, managing editor of business and markets at Axios, joined CBS News to discuss the volatile market.
Central banks raise interest rates
Central banks around the world are risking recession and raising interest rates. They're following the lead of the U.S. Federal Reserve, which approved its third consecutive 75 basis-point hike Wednesday in the hopes of cooling inflation rates. Reuters Federal Reserve correspondent Howard Schneider joined CBS News to discuss the global impact.
Fed rate hike raises recession fears
The Federal Reserve's decision to raise interest rates yet again has renewed recession concerns on Wall Street. Chris Campbell, chief policy strategist at the Kroll Institute, reacted to the Fed's decision and how it will impact Americans.
Mortgage rates at highest level since 2007 after latest Fed hike
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Housing market slows as mortgage rates rise
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
Target plans to hire up to 100,000 workers for holiday season
Walmart and Target plan to begin offering deals earlier this year to ease sting of soaring inflation on shoppers.
Fed hikes key interest rate yet again
The Federal Reserve approved a third consecutive 0.75 percentage point hike to its benchmark interest rate Wednesday in an effort to tackle record inflation. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined John Dickerson to discuss the impact of the interest rate hikes on the U.S. economy.
Stock market reacts to Fed interest rate hike
Stocks fell sharply Wednesday when the Federal Reserve announced it was raising interest rates again another 75 basis points. Liz Young, head of investment strategy at SoFi, joined CBS News to discuss what the Fed's announcement means for the future of the U.S. economy.
Savannah Guthrie says "we will pay" in new plea for mother's safe return
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
Some Team USA athletes speak out about politics at home
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
Trump throws support behind Nexstar-Tegna broadcast deal he once opposed
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Injured Lindsey Vonn completes final training run ahead of Olympic race
"Just because it seems impossible to you doesn't mean it's not possible," Vonn says.
White House removes Trump post with racist footage of Obamas hours after defending it
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
Brad Arnold, 3 Doors Down founder and lead singer, dies at 47
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Washington Post publisher Will Lewis resigns just days after paper enacts mass layoffs
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
U.S. speedskater Greta Myers learned of Olympic debut hours before race
U.S. speed skater Greta Myers learned about her Olympic debut in the 3000m three hours before the race was due to begin.
Nancy Pelosi to endorse Jack Schlossberg in New York congressional race
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
U.S.
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Nancy Pelosi to endorse Jack Schlossberg in New York congressional race
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
Savannah Guthrie says "we will pay" in new plea for mother's safe return
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
Washington Post publisher Will Lewis resigns just days after paper enacts mass layoffs
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
Who's performing at the Super Bowl halftime show? Here's the full list
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
Ohio man charged with threatening to kill Vance, processing child abuse files
An Ohio man has been charged with threatening to kill Vice President JD Vance while he was visiting his home state last month.
MoneyWatch
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Washington Post publisher Will Lewis resigns just days after paper enacts mass layoffs
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
Trump throws support behind Nexstar-Tegna broadcast deal he once opposed
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Exclusive
Lutnick and Epstein were in business together, Epstein files show
Though the commerce secretary has called his interactions with Epstein as "limited," the two were in business together four years after Epstein's 2008 guilty plea.
Dow crosses 50K for first time as stocks enjoy best day since May 2025
Resurgent technology stocks drove the rebound after a volatile week, while bitcoin also recouped losses.
Purported Nancy Guthrie ransom note demanded bitcoin. Could it be tracked?
Cryptocurrency transactions are often thought to be anonymous and untraceable. That's a misconception, experts tell CBS News.
Politics
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Nancy Pelosi to endorse Jack Schlossberg in New York congressional race
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
Trump throws support behind Nexstar-Tegna broadcast deal he once opposed
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Some Team USA athletes speak out about politics at home
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
Zelenskyy says U.S. gave Ukraine, Russia a deadline for agreement to end war
If the June deadline is not met, the Trump administration will likely put pressure on both sides to meet it, Zelenskyy told reporters.
Appeals court endorses Trump policy of denying bond hearings to many ICE detainees
A federal appeals court on Friday endorsed the Trump administration's policy of holding broad groups of immigration detainees without access to bond hearings, a major legal victory for President Trump.
HealthWatch
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Her deadly diagnosis only had 1 warning sign. Here's how she survived.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
California urges avoiding wild mushrooms after deaths, liver transplants
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
See the 43 drugs available on new discounted drug site TrumpRx
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
White House launches TrumpRx discounted drug site
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Officials warn against drinking raw milk after baby dies from listeria
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
World
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Ilia Malinin stunned by Yuma Kagiyama in Olympic figure skating short program
The U.S. ended Saturday in first place with 44 points. Japan was five points back going into the men's, women's and pairs free skates to decide the medals Sunday.
Jake Paul joins JD Vance to watch U.S. women's hockey team at Olympics
The U.S. women's hockey team eased to a 5-0 win over Finland on Saturday afternoon.
Italy nabs first gold medal of Milano Cortina Olympics in speedskating upset
Francesca Lollobrigida set a new Olympic record of 3 minutes, 54.28 seconds, shaving more than two-and-a-half seconds off the mark set by Dutch legend Irene Schouten four years earlier in Beijing.
4 suspects arrested after bombing at Pakistan mosque leaves 31 dead
Friday's attack was the deadliest suicide bombing in Islamabad in nearly 20 years.
U.S. speedskater Greta Myers learned of Olympic debut hours before race
U.S. speed skater Greta Myers learned about her Olympic debut in the 3000m three hours before the race was due to begin.
Entertainment
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Brad Arnold, 3 Doors Down founder and lead singer, dies at 47
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Who's performing at the Super Bowl halftime show? Here's the full list
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
Twisted Sister cancels reunion shows as frontman Dee Snider resigns
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
Best books for Valentine's Day
Sarah Gelman, editorial director at Amazon Books, joins "CBS Saturday Morning" to recommend some of the best books to read around Valentine's Day.
Super Bowl food that's bound to go viral
Super Bowl chefs spend an entire year developing the menu for the big game, and "CBS Saturday Morning" gets a sneak peek at some of the mouth-watering options.
Technology
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Super Bowl fans warned to leave drones at home amid flight ban
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Ukrainian military drone simulator adapted for video gamers in world first
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
How AI powered robots are helping small farms
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.
How will AI transform the workforce?
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Tesla, Waymo leaders defend product safety
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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Crime
Latest in Nancy Guthrie disappearance
Authorities said Friday they were inspecting an apparent new message relating to the disappearance of "Today" host Savannah Guthrie's mom, Nancy, after the family reported her missing from her home on Sunday.
Luigi Mangione has outburst after hearing
Luigi Mangione had an outburst after a hearing on Friday in which the judge announced that his New York State trial will begin on June 8. CBS News legal reporter Katrina Kaufman is following the case.
Authorities tow car from Nancy Guthrie's home, investigate new message
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
Investigators vetting Guthrie ransom note
Friday marked six days since Nancy Guthrie's apparent abduction, and Guthrie's three children have been posting on social media hoping to reach whoever may have taken her. CBS News' Andres Gutierrez reports and former FBI counterintelligence operative Eric O'Neill has more.
Mangione claims double jeopardy
Luigi Mangione had an outburst in a New York courtroom on Friday after a judge scheduled his state trial to begin before his federal case. The UnitedHealthCare CEO murder suspect claimed "this is the same trial twice" and called it "double jeopardy." CBS News' Katrina Kaufman has more.
Space
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Space
What led NASA to delay Artemis II launch
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delays Artemis II launch
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
NASA begins mission to map the boundaries of our heliosphere
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA moon launch off until March due to issues during tests
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Winter Olympics kick off with opening cermony
The Milano Cortina Winter Olympics marked its official start on Friday with an opening ceremony that included the traditional Parade of Nations and performances from Mariah Carey and Andrea Bocelli. "CBS Saturday Morning" goes inside the event.
Three sisters chase Olympic dream
Sam, Lauren and Alli Macuga are competitive skiers across different disciplines who were hoping to represent Team USA at Milano Cortina. Lauren, who was a top contender in alpine, suffered an ACL injury in November that ended her season -- but she explains why the world hasn't seen the last of the Macuga sisters.
Best books for Valentine's Day
Sarah Gelman, editorial director at Amazon Books, joins "CBS Saturday Morning" to recommend some of the best books to read around Valentine's Day.
Super Bowl food that's bound to go viral
Super Bowl chefs spend an entire year developing the menu for the big game, and "CBS Saturday Morning" gets a sneak peek at some of the mouth-watering options.
The Dish: Noor Murad
Noor Murad's latest cookbook is a love letter to the Middle Eastern flavors she is known for using in her dishes.