Fed is boosting rates again. What it means for your wallet.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Concerns over rising interest rates and inflation are weighing on many parents and students as they consider taking out loans for college. Ann Berry, founder of Threadneedle Ventures, joined CBS News' Lana Zak and Errol Barnett to discuss how to approach the important decision.
For the seventh time this year, the U.S. Federal Reserve is expected to increase interest rates, putting things like mortgages and credit cards in flux. Ayelet Sheffey, senior economic policy reporter with Business Insider, joins CBS News to talk about how it will affect Americans.
The Labor Department reported Tuesday that the Consumer Price Index rose 7.1% over the last 12 months, the slowest rate of inflation since December of 2021. William Lee, chief economist for the Milken Institute, joined CBS News to discuss the latest data.
The annual inflation rate hit 7.1% in November, the fifth straight month that consumer prices cooled off. Lori Bettinger, president of BancAlliance, joins CBS News' Elaine Quijano and Lana Zak on how this could affect the Federal Reserve's announcement Wednesday on interest rates.
Janet Yellen on recession fears, inflation and the war in Ukraine; Families suing social media companies; Cape Town's College of Magic.
Wholesale prices rose 0.3% in November, despite efforts to cool inflation. The numbers could signal another interest rate hike by the Federal Reserve. Bob Elliot, the CEO and CIO of Unlimited, joins CBS News' Lana Zak and Tanya Rivero to discuss.
Gas prices continue to fall and are now lower than they were one year ago. While plunging gas prices have provided some relief, Americans are still facing stubbornly high inflation. Kris Van Cleave takes a look.
China's trade is suffering its worst slump in nearly three years. The drop announcement comes as China rolls back its stringent COVID-19 policies following widespread protests. Marley Kayden, a business reporter and professor for DePaul University, joins CBS News to discuss how pulling back these policies could impact the Chinese economy. She also weighs in on what's expected at the Federal Reserve's next meeting.
The Dow plunged over 480 points Monday as investors remain fearful the Federal Reserve could drive the economy into a recession with additional interest rate hikes. Dory Wiley, president and CEO of Commerce Street Holdings, joined CBS News' Lilia Luciano on the implications of the Fed's next move.
The U.S. added more than 260,000 jobs in November despite the Federal Reserve's efforts to cool off the economy by raising interest rates. J.D. Durkin, host of "TheStreet," joins CBS News from the floor of the New York Stock Exchange to discuss investors' reaction to the new report.
CBS News contributor Javier E. David joined Vladimir Duthiers and Anne-Marie Green with a look at the November jobs report and what it shows about the U.S. labor market as rising interest rates start to bite.
Federal Reserve Chair Jerome Powell said Wednesday that the Fed could slow interest rate hikes as soon as December. Larry Adam, chief investment officer at Raymond James, joined CBS News to discuss Powell's comments and what it could mean for the economic outlook.
Ryan Payne, president of Payne Capital Management, joined CBS News to discuss the latest U.S. economic indicators and what the third-quarter rise in the GDP means for consumers and the economy.
U.S. home sales fell 5.9% in October, and have fallen 28.4% since last year, according to new numbers from the National Association of Realtors. Mark Lehmann, chief executive officer for JMP Securities joined CBS News to discuss the volatile state of the housing market and what potential homebuyers should expect for the near future.
From the coronavirus pandemic to inflation, Americans have spent the last two-and-a-half years delaying big purchases and even avoiding events due to economic uncertainty. Ted Rossman, senior industry analyst at Bankrate, joins CBS News to discuss a new survey that shows where people are cutting back.
The meeting between President Biden and Chinese President Xi Jinping was seen as a good sign by traders who bet on the markets. Eswar Prasad, the Tolani senior professor of trade policy at Cornell University, joined CBS News' John Dickerson to discuss what the talks mean for the world economy and more.
The consumer price index rose 7.7% in October from a year earlier. Javier David, managing editor for business and markets at Axios, joined CBS News' Anne-Marie Green and Nancy Chen with a look at how the markets are reacting.
Historically, the stock market sees a considerable rise in the year following the midterms. Marley Kayden, business reporter and professor at DePaul University, joins CBS News to discuss investors' expectations for the 2022 elections and what we should anticipate from the market.
The Dow Jones rose more than 420 points on Monday ahead of Election Day. Kristin Myers, editor-in-chief of "The Balance," joins CBS News to discuss what she expects and the trends we've historically seen have following the midterms.
South Korea reacts to North Korea warplanes near border; Brooklyn Nets guard Kyrie Irving suspended after tweet about antisemitic film.
Home sales across the country over the last eight months are down as the Federal Reserve raises interest rates. Rising mortgage rates are shrinking the number of people who can get a loan and buy a home. Lilia Luciano takes a look.
The Labor Department reported a drop in jobless claims for the week ending Oct. 29. This comes as the Federal Reserve hiked interest rates this week in an effort to tame rising inflation. Nick Bunker, economic research director for the Indeed Hiring Lab, joined CBS News to help bring clarity to the state of the economy and project what could be next.
Bank boss Andrew Bailey said there was a "tough road ahead," and if action isn't taken now, things "will be worse later on."
Residents of Door County, Wisconsin, have a decades-long streak of presidential elections in which they have voted for the winning candidate.
The documents, which are marked top secret, were posted to the Telegram messaging app.
The jet – an EA-18G Growler aircraft – was carrying two crew members when it went down during a routine training flight.
Former President Donald Trump is hosting a town hall in Lancaster Sunday night, and Vice President Kamala Harris will be back in Chester County on Monday.
Whelan, who was arrested in Russia in 2018, got little sleep and used secret cellphones to communicate with prisoners sent to the frontlines in Ukraine.
Israel has been carrying out a large-scale operation in northern Gaza for the last two weeks, saying Hamas has regrouped there.
Georgia authorities announced Sunday an investigation has been opened into the "catastrophic failure" of the dock gangway.
North Carolinians devastated by Helene are determined to stay and rebuild homes wrecked by the monster storm.
Former President Donald Trump said of golfer Arnold Palmer, "this is a guy that was all man."
Former President Donald Trump said of golfer Arnold Palmer, "this is a guy that was all man."
The jet – an EA-18G Growler aircraft – was carrying two crew members when it went down during a routine training flight.
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Raphael Warnock and Paul Whelan join Margaret Brennan.
Michigan Secretary of State Jocelyn Benson warned Sunday of efforts by bad actors to "hack voters' minds" to spread misinformation ahead of Election Day.
Paul Whelan, who was arrested in Russia in 2018, got little sleep and used secret cellphones to communicate with prisoners sent to the frontlines in Ukraine.
The International Association of Machinists and Aerospace Workers said early Saturday that it plans to hold a ratification vote on Wednesday that could end the Boeing strike.
Letter deliverers have been working without a contract since May 2023.
The frozen waffles, made by Treehouse Foods, were sold under store brands including Walmart's Great Value and Target's Good and Gather.
Navigating the insurance process after a natural disaster damages your home can be daunting. Here are some key tips.
Donald Trump said he'd appoint a CEO who is 78, his own age. But chief executives of top companies who are his age or older are rare.
Former President Donald Trump said of golfer Arnold Palmer, "this is a guy that was all man."
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Raphael Warnock and Paul Whelan join Margaret Brennan.
The documents, which are marked top secret, were posted to the Telegram messaging app.
Michigan Secretary of State Jocelyn Benson warned Sunday of efforts by bad actors to "hack voters' minds" to spread misinformation ahead of Election Day.
The following is a transcript of an interview with Rep. Mike Lawler, Republican of New York, on "Face the Nation with Margaret Brennan" that aired on Oct. 20, 2024.
Brooklinn Khoury was 20 years old when a family member's pet launched at her face and bit off her upper lip.
"If he's exhausted being on the campaign trail, is he fit to do the job?" Harris asked as Trump refuses to release detailed medical records.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Rwanda says it's gaining control of a Marburg outbreak, but U.S. authorities are taking no chances as another killer virus spreads fast.
Among new mothers in the U.S., 1 in 8 suffer from postpartum depression, according to the CDC.
A group of about 2,000 migrants left Mexico's southern border Sunday in hopes of ultimately reaching the United States.
Colossal Biosciences says it's made a breakthrough toward the de-extinction of the thylacine, or Tasmanian tiger.
The documents, which are marked top secret, were posted to the Telegram messaging app.
Many Cubans are waiting in anguish as electricity on much of the island has yet to be totally restored after days of blackout.
Paul Whelan, who was arrested in Russia in 2018, got little sleep and used secret cellphones to communicate with prisoners sent to the frontlines in Ukraine.
This year, musicians all over the world, from Carnegie Hall to the Hollywood Bowl, are celebrating the 100th birthday of George Gershwin's "Rhapsody in Blue." Correspondent David Pogue looks into the history of Gershwin's first major work, a piece that melded jazz, classical and orchestral music, and became a fixture of American culture.
Like father, like son: Damon Wayans is starring with Damon Wayans Jr. in the new comedy series "Poppa's House" – the latest family affair for a comedian who has built a career working with his talented and hilarious relatives.
Like father, like son: Damon Wayans is starring with Damon Wayans Jr. in the new comedy series "Poppa's House." It's the latest family affair for a comedian who has built a career working with his talented siblings Keenan, Shawn, Marlon and Kim, son Michael, and nephews Damien and Craig. Damon talks with correspondent Tracy Smith about his journey from working in the Paramount Studio mailroom, to creating edgy characters in movies and TV.
Keri Russell, who played a Russian spy in "The Americans," is now on the frontlines of geopolitics in "The Diplomat," playing the U.S. Ambassador to the United Kingdom. Join "Sunday Morning" on the set of the hit Netflix series.
The cold open skit marked Baldwin's return to the comedy sketch show after the "Rust" involuntary manslaughter case was dismissed in July 2024.
Gordon Lubold from The Wall Street Journal joins "CBS Mornings Plus" to discuss the rise in drone activity over restricted U.S. military airspaces.
Dr. Marcus Collins, author of "For the Culture," joins "CBS Mornings Plus" to discuss the influence of social media on voter decision-making. With 19 days left in the race, a CBS News poll reveals more than 20% of voters frequently use social platforms to stay informed.
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.
Just ahead of the holiday shopping rush, Apple is giving iPad minis their first update in years while Amazon is offering a new line of Kindle e-readers. CNET editor-at-large Scott Stein joined CBS News to discuss the devices.
Two Sudanese brothers are charged with running "Anonymous Sudan," one of the most prolific cyberattack-for-hire gangs of all time.
Colossal Biosciences says it's made a breakthrough toward the de-extinction of the thylacine, or Tasmanian tiger.
The National Oceanic and Atmospheric Administration published its winter outlook for this coming December, January and February. Experts anticipate warmer-than-average temperatures for much of the country. CBS News Sacramento meteorologist Tracy Humphrey joins to discuss.
Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.
On Wednesday, the Supreme Court said it will allow the Environmental Protection Agency to enforce new greenhouse gas emissions limits for power plants. Michael Gerrard, a professor at Columbia Climate School, joins "The Daily Report" to discuss.
White blobs of "a mystery substance" dotting beaches across Canada's far northeast Newfoundland and Labrador province spark an investigation.
Investigators were puzzled when the beaten body of an unidentified woman was found dumped near a Florida highway. The next day, a bloody motel room was discovered. Were the crime scenes connected?
In 1982, Cathy Krauseneck, a young mother, was killed in her bed – an ax lodged in her head. Investigators believe the crime scene was staged to look like a burglary to cover up the real crime – the intentional murder of Cathy by her husband.
Richard Allen stands accused of killing the girls, Abby Williams and Libby German, in 2017.
As the presidential election nears, the issue of crime is weighing on the minds of voters. A CBS News poll taken earlier this year found 63% of voters said crime would be a factor in who they vote for, despite FBI data showing reported violent crime fell in 2023. In Chicago, a group of women is trying to continue to lower crime rates end the cycle of violence in the city.
Disturbing new details and heart-wrenching testimony were given during the first day of the Delphi murders trial. Prosecutors revealed how Abby Williams, 13, and Libby German, 14, were killed on a hiking trail more than seven years ago. Here's what to know about the case.
NASA's solar-powered Europa Clipper took off Monday from the Kennedy Space Center in Florida. The spacecraft is projected to reach Jupiter by April 2030 and will study one of the planet's moons. CBS News space consultant Bill Harwood explains what scientists are hoping to accomplish with the mission.
NASA successfully launched the Europa Clipper spacecraft Monday toward Jupiter where it will monitor a moon for potential habitable qualities. CBS News space consultant Bill Harwood has more on the spacecraft expected to near Jupiter's moon Europa around April 2030.
A multi-billion dollar space mission launching Monday may reveal more about an icy moon circling planet Jupiter. CBS News space consultant Bill Harwood has more.
SpaceX launched its most powerful rocket ever built and then flew its first stage booster back to the launch pad where giant metal arms called "chopsticks" grabbed it, just seven minutes after lifting off in Boca Chica, Texas. The uncrewed test flight is a new milestone in SpaceX's vision of developing a fully reusable rocket to return astronauts to the moon and beyond.
The ambitious mission won't actually look for life on Jupiter's moon Europa, but it should find out if the presumed ocean provides a habitable environment.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
Helene devastated towns in western North Carolina. Three weeks later, dozens of people are missing and thousands are without power. Volunteers, donations and search and rescue teams have poured in.
Yulia Navalnaya, the widow of Russian opposition leader Alexei Navalny, remains a defiant critic of Vladimir Putin. She understands she risks being kidnapped or poisoned, but says she’s not afraid.
In tonight's expanded edition of 60 Minutes, Bill Whitaker reports on the Cap Arcona, a Nazi ship housing prisoners during World War II. An aerial attack killed nearly everyone on board.
Door County, Wisconsin voted for Bush, Obama, Trump and Biden. Here’s what voters are thinking in the battleground-state swing county ahead of the presidential election.
The Cap Arcona, a Nazi ship, was attacked by British Royal Air Force planes near the end of World War II. Thousands of prisoners died as the ship sank in the horrific and little-known disaster.