Stocks waver as investors ponder rising economic uncertainty
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
Interest Rates
Fed keeps benchmark interest rate unchanged
The Federal Reserve announced its decision on Wednesday to hold its benchmark interest rate steady as Fed chairman Jerome Powell acknowledged the impact of tariffs on inflation. The interest rate has an indirect tie to the interest that consumers pay on things like credit cards and car loans.
Fed Chair on consumer sentiment
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Fed leaves rates unchanged, outlook uncertain
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
Powell paints picture of economic uncertainty
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
Powell: Tariffs may delay inflation progress
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Fed leaves interest rates unchanged
The Federal Reserve has announced interest rates will remain unchanged for the second time this year. CBS News business analyst Jill Schlesinger and CBS News contributor J.D. Durkin react to the decision.
Previewing the Fed's interest rate decision
The Federal Reserve will announce its latest interest rate decision Wednesday afternoon. CBS News MoneyWatch correspondent Kelly O'Grady reports on what to expect.
Stocks drift higher as investors await Fed decision on interest rates
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Fed expected to keep interest rates the same
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
Unpacking slight February inflation cooldown
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Analyzing new inflation report
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Fed expected to leave rates unchanged
The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
Here's the financial impact of the Fed's pause on rate cuts
The Fed held off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
Rep. Don Bacon on Trump's proposed tax cuts
On Wednesday, President Trump met with three House Republicans who kept their seats in districts that former Vice President Kamala Harris won. One of those lawmakers, Rep. Don Bacon of Nebraska, joins "America Decides" to unpack Trump's proposed tax cuts, as well as his own.
Trump's clear message to businesses
President Trump made an economic pitch at the World Economic Forum, telling businesses to make their products in the U.S. He said if they don't, they'll have to "pay a tariff." CBS News business contributor Javier David breaks it down.
Breaking down Trump's tariff threat at Davos
President Trump on Thursday threatened world leaders with tariffs at the World Economic Forum in Davos, Switzerland, if they don't make their products in the U.S. David Wessel, senior fellow in economic studies at the Brookings Institution, joins "America Decides" to examine Trump's remarks.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Stock market plunges after December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News contributor Javier David explains why investors see the better-than-expected jobs report as a bad thing.
The impact of sticky inflation on Americans
2024 was a departure from the high inflation numbers of just two years ago, but the fight against rising prices is not over. CBS News MoneyWatch correspondent Kelly O'Grady looks back on the biggest economic and business stories of the year.
Federal Reserve slashes rates again
The Federal Reserve said it is lowering rates by a quarter of a percentage point on Wednesday, marking a full percentage point drop since September. CBS News business analyst Jill Schlesinger explains the impact on your finances.
Dow plunges after Powell's comments on rate cuts
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Fed's rate cuts impact on Americans
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
Fed makes final 2024 interest rate decision
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
Breaking
NYC Mayor Eric Adams corruption case dismissed with prejudice, judge rules
New York City Mayor Eric Adams' historic federal corruption case has been dropped with prejudice, meaning Adams cannot be re-tried on the same charges at a later time.
Wisconsin Supreme Court race won by Democrat-backed Susan Crawford
The closely-watched race was the most expensive judicial election in U.S. history.
Trump to announce new tariffs today amid fears of higher prices
President Trump is expected to announce the details of his reciprocal tariffs plan after 4 p.m. at the White House.
Val Kilmer, actor known for "The Doors" and "Tombstone," dies at 65
A unique talent, Val Kilmer was praised as an acting chameleon who took on varied and challenging roles, and the results were often memorable.
Republicans win 2 Florida special elections for House seats
Republican Randy Fine won the House seat formerly held by Mike Waltz, while Republican Jimmy Patronis won the house seat vacated by Matt Gaetz.
23 more women come forward after London PHD student convicted of rapes
London police say convicted serial rapist Zhenhao Zou may have targeted over 50 other women, and almost two dozen have come forward already.
Death, displacement as Israel steps up war to seize "large areas" of Gaza
Israel says its war in Gaza is "expanding to crush and clean the area" of Hamas, but Palestinian civilians are once again being killed and displaced in huge numbers.
Tesla decelerates as its vehicle shipments slid 13% in first quarter
Tesla is seeing softer demand for its electric vehicles amid protests over Elon Musk's government role at DOGE.
Judge orders legal aid restored for unaccompanied migrant children, for now
A federal judge has ordered the Trump administration to temporarily restore legal aid to migrant kids in the U.S. without a parent or guardian.
U.S.
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Trump tariffs weigh on stocks as "Liberation Day" looms
Jittery investors await Trump administration's latest salvo of tariffs on key U.S. trading partners.
Breaking
NYC Mayor Eric Adams corruption case dismissed with prejudice, judge rules
New York City Mayor Eric Adams' historic federal corruption case has been dropped with prejudice, meaning Adams cannot be re-tried on the same charges at a later time.
241 passengers, crew sickened with norovirus on luxury cruise ship
U.S. health officials said 224 passengers and 17 crew on board the Cunard cruise ship Queen Mary 2 caught norovirus during a voyage that's still ongoing.
Tesla decelerates as its vehicle shipments slid 13% in first quarter
Tesla is seeing softer demand for its electric vehicles amid protests over Elon Musk's government role at DOGE.
"JFK" director: Reinvestigate assassination at "scene of the crime"
Oliver Stone's "JFK" was nominated for eight Oscars and grossed more than $200 million but was also dogged by questions about its historical accuracy.
MoneyWatch
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Trump tariffs weigh on stocks as "Liberation Day" looms
Jittery investors await Trump administration's latest salvo of tariffs on key U.S. trading partners.
Tesla decelerates as its vehicle shipments slid 13% in first quarter
Tesla is seeing softer demand for its electric vehicles amid protests over Elon Musk's government role at DOGE.
Trump to announce new tariffs amid fears of higher prices
President Trump is expected to announce the details of his reciprocal tariffs plan after 4 p.m. at the White House.
Can Trump's trade war with China correct years of imbalance?
As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.
Why experts say you should travel with a carbon monoxide detector
Each year, more than 400 Americans die from unintentional carbon monoxide poisoning. Here's what to know about traveling with a detector.
Politics
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Xavier Becerra announces run for California governor: "The California Dream is slipping away"
Another prominent Democrat has thrown his name into the 2026 race to succeed Gavin Newsom as California's governor.
Breaking
NYC Mayor Eric Adams corruption case dismissed with prejudice, judge rules
New York City Mayor Eric Adams' historic federal corruption case has been dropped with prejudice, meaning Adams cannot be re-tried on the same charges at a later time.
McMorrow announces bid for U.S. Senate seat being vacated by Peters
State Senator Mallory McMorrow of Royal Oak declares candidacy for 2026 U.S. Senate seat from Michigan.
"JFK" director: Reinvestigate assassination at "scene of the crime"
Oliver Stone's "JFK" was nominated for eight Oscars and grossed more than $200 million but was also dogged by questions about its historical accuracy.
Judge orders legal aid restored for unaccompanied migrant children, for now
A federal judge has ordered the Trump administration to temporarily restore legal aid to migrant kids in the U.S. without a parent or guardian.
HealthWatch
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FDA lays off bird flu leadership, among steep cuts to senior veterinarians
More than 130 staff were cut from the FDA's Center for Veterinary Medicine, officials said.
Why experts say you should travel with a carbon monoxide detector
Each year, more than 400 Americans die from unintentional carbon monoxide poisoning. Here's what to know about traveling with a detector.
How one community is fighting rising syphilis infections
The Navajo Nation has a unique program to fight sexually transmitted infections, including syphilis.
RFK Jr. purges CDC and FDA's public records transparency teams
It is unclear what will happen to hundreds of pending requests for public information as the health agencies slash staff.
HHS sued by 23 states, D.C. over $11 billion in cuts to public health funding
The lawsuit, filed in Rhode Island, calls the HHS cuts to public health grants illegal.
World
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German police say online child sex abuse platform busted in huge operation
Police in Europe say "one of the largest pedophile platforms in the world" is now offline after a joint operation dismantled the "KidFlix" network.
23 more women come forward after London PHD student convicted of rapes
London police say convicted serial rapist Zhenhao Zou may have targeted over 50 other women, and almost two dozen have come forward already.
Death, displacement as Israel steps up war to seize "large areas" of Gaza
Israel says its war in Gaza is "expanding to crush and clean the area" of Hamas, but Palestinian civilians are once again being killed and displaced in huge numbers.
Congo commutes death sentences of 3 Americans convicted in failed coup
Malanga's 21-year-old son Marcel was among the Americans convicted for participating in the coup plot that left six dead
Can Trump's trade war with China correct years of imbalance?
As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.
Entertainment
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Entertainment
Actor Val Kilmer dies at 65
Hollywood icon Val Kilmer died Tuesday of pneumonia at 65 years old. The actor was known for his roles in movies like "Top Gun," "Batman Forever" and "The Doors." CBS News' Vlad Duthiers looks back on his life and legacy.
Val Kilmer, actor known for "The Doors" and "Tombstone," dies at 65
A unique talent, Val Kilmer was praised as an acting chameleon who took on varied and challenging roles, and the results were often memorable.
Kim Delaney, "NYPD Blue" actress, will not face charges after arrest, DA says
Kim Delaney, an Emmy-winning actor known for her role on "NYPD Blue," will not face criminal charges in connection with her arrest in Marina Del Rey in an alleged domestic dispute over the weekend.
Román Zaragoza on his "Ghosts" character's love life
Actor Román Zaragoza spoke to "CBS Mornings" about hope for his character's struggling love life in the CBS comedy, "Ghosts."
Magician David Kwong on April Fools' Day tips
Magician and puzzle master David Kwong joins "CBS Mornings Plus" to talk about his new children's book, "How to Fool Your Parents," which teaches over two dozen magic tricks, just in time for April Fools' Day.
Technology
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Technology
Growing demand to power AI, cryptocurrency
As cryptocurrency and artificial intelligence advancements are made, U.S. demand for the energy needed to power massive mining and data centers grows. David Turk, former deputy secretary of the U.S. Department of Energy, joins "The Daily Report" to discuss how much energy the U.S. needs and the potential environmental impacts.
Waltz's Venmo showed his contacts — even after bombshell report on Signal chat
White House chief of staff Susie Wiles was among the contacts listed in Waltz's Venmo account.
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.
Lawsuit against OpenAI over newspaper copyright can proceed, judge rules
Several newspapers have sued OpenAI and Microsoft, seeking to end the practice of using their stories to train artificial intelligence chatbots.
What is Signal, the app used by Trump's team
The Senate Intelligence Committee heard testimony on Tuesday from key players involved in a group chat on the messaging app Signal, in which the U.S.'s highly sensitive plans to bomb Houthi targets in Yemen were discussed inadvertently with a journalist. President Trump said that his administration would investigate the government's use of Signal. CBS News contributor and former CIA official Andrew Boyd has more on what it is and how it's used.
Science
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Science
Astronauts on unexpected 9-month space mission
Originally scheduled for just 8 days aboard the International Space Station, the two astronauts spent over 9 months in orbit due to delays with their Boeing Starliner return. Now back on Earth, they share how they coped, what they missed most, and how the mission unexpectedly became political.
Icelandic volcano erupts, shutting down popular tourist attraction
Authorities in Iceland were forced by a new volcanic eruption to evacuate dozens of homes and shut down the hugely popular Blue Lagoon tourist attraction.
SpaceX's Fram2 launch sends civilian crew into flight around Earth's poles
The international all-civilian Fram2 crew is the first in space history to fly to orbit with no licensed pilot or trained astronaut on board.
Ancient wasp snatched prey like Venus flytrap, scientists say
"I've seen a lot of strange insects, but this has to be one of the most peculiar-looking ones I've seen in a while," said one entomologist.
Millions of bees have died this year: "Worst bee loss in recorded history"
Bees play a key role in the U.S. food supply, and the mass deaths could jeopardize that.
Crime
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German police say online child sex abuse platform busted in huge operation
Police in Europe say "one of the largest pedophile platforms in the world" is now offline after a joint operation dismantled the "KidFlix" network.
23 more women come forward after London PHD student convicted of rapes
London police say convicted serial rapist Zhenhao Zou may have targeted over 50 other women, and almost two dozen have come forward already.
DOJ seeks death penalty in Mangione case
Attorney General Pam Bondi says the Department of Justice will seek the death penalty in the case against Luigi Mangione for the murder of UnitedHealthcare CEO Brian Thompson in New York City. CBS News' Shanelle Kaul reports.
DOJ to seek death penalty against Luigi Mangione, AG Bondi says
AG Pam Bondi directed federal prosecutors to pursue the death penalty against Luigi Mangione, the UnitedHealthcare CEO murder suspect.
Investigation reveals grim details of infamous cartel's operations
One recruit who reportedly survived the Jalisco cartel ranch said those who refused or tried to escape were beaten, tortured and killed.
Space
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NASA's SPHEREx space telescope releases its first images
The first images captured by NASA's SPHEREx space telescope showed tens of thousands of stars and galaxies.
Wilmore, Williams on space stay
Butch Wilmore and Suni Williams are sharing more details about their experience in space aboard the International Space Station after their time in Boeing's Starliner capsule. CBS News' Mark Strassmann spoke to the pair about their journey.
Williams and Wilmore reflect on space odyssey
Astronauts Butch Wilmore and Suni Williams addressed the media for the first time Monday since returning to Earth almost two weeks ago. CBS News senior national correspondent Mark Strassmann reports from the Johnson Space Center in Houston, Texas.
NASA astronauts discuss extended space trip
NASA astronauts Sunita "Suni" Williams and Barry "Butch" Wilmore are adjusting to life back on Earth after spending more than nine unplanned months in space. The astronauts discussed their science mission at a news conference on Monday from the agency's Johnson Space Center in Houston. Former NASA astronaut Dr. Tom Marshburn joins CBS News to unpack the pair's comments.
Astronauts who were stuck in space say they'd fly on Boeing's spacecraft again
NASA astronauts Butch Wilmore and Sunita Williams, who were stuck in space for more than nine months, took questions after returning to Earth.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Husband pieces together wife's last movements to find out how she was killed
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Latest CBS News Videos
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Latest CBS News Videos
Sue Bird and Megan Rapinoe on podcast
Soccer icon Megan Rapinoe and basketball legend Sue Bird sit down for an exclusive conversation on their podcast, their lives off the field and their next chapter as changemakers in sports and media.
Daughter of convicted rapist shares her story
Earlier this year, Caroline Darian, daughter of Gisèle Pelicot, filed a complaint with the police in France accusing her father of drugging and sexually abusing her. Her allegations follow his conviction for repeatedly raping her mother and inviting other men to do the same. Darian shares her story in the memoir "I'll Never Call Him Dad Again."
Authors of "Autism Out Loud" on motherhood
In their new book, authors and moms Kate Swenson, Carrie Cariello and Adrian Wood reflect on raising their three sons with autism, offering insight into the challenges, triumphs and deep bond of friendship that helped carry them through.
Report on rising sea levels
A Climate Central report found more than two million Americans could be at risk as sea levels rise in the future. Kelly Van Baalen, a project manager at Climate Central, joins CBS News with more details.
Planned Parenthood Medicaid funding case
The Supreme Court is hearing arguments in a case that may determine if South Carolina can remove Medicaid public funding for Planned Parenthood. CBS News' Katrina Kaufman reports.