What to expect on Fed interest rate decision
On Thursday, the Federal Reserve will announce its latest decision on whether to cut its benchmark interest rate again. CBS News business analyst Jill Schlesinger breaks down what to know.
Interest Rates
Dow finishes at record high after Trump win
The Dow Jones finished up over 1,500 points and the S&P and Nasdaq each hit fresh record highs on Wednesday after President-elect Trump won the 2024 race. Bank stocks were among the biggest risers and bitcoin also reached a new record high. CBS News business analyst Jill Schlesinger has more on Wednesday's market performance.
Here's the impact of the Fed's rate cut decision today
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
What October's jobs report means for economy
The final jobs report before Election Day shows the number of jobs added to the U.S. economy plummeted in October, with only 12,000 new hires. Despite adding roughly 100,000 fewer jobs than expected, the U.S. unemployment rate held steady at just above 4%. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the numbers.
How the economy is faring before Election Day
CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for Bloomberg News, joins "America Decides" to discuss.
Last CPI report before Election Day
The latest consumer price index report, the last that will be released before Election Day, showed inflation continued to cool in September. CBS News business analyst Jill Schlesinger has more.
Jobs report shows U.S. economy's strength
The September jobs report showed U.S. employers added 254,000 jobs and yearly wage increases outpaced the inflation rate. CBS News senior business and technology correspondent Jo Ling Kent reports on how the report reflects on the U.S. economy. White House economist Jared Bernstein joins CBS News 24/7 to discuss the new numbers.
Federal Reserve interest rate cut effect
The Federal Reserve's interest rate cut announcement has already affected the prices of some mortgage rates and credit card interest rates. CBS MoneyWatch associate managing editor Aimee Picchi reports.
Here are the credit products already cheaper after the Fed's rate cut
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
Why built-to-rent communities are becoming popular
With home prices and interest rates remaining stubbornly high, many people who believe they will never be able to afford a home are turning to built-to-rent communities. Kris Van Cleave explains.
Spotting scams when homebuying, renting
The CBS News Confirmed team investigated housing scams that are impacting Americans nationwide. CBS News national consumer correspondent Ash-har Quraishi has more on avoiding scams when buying or renting a home.
5 key takeaways from the Federal Reserve's jumbo rate cut
The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.
Fed cuts interest rates, what happens now?
The Federal Reserve on Wednesday announced an interest rate cut of 0.5%, bringing rates down from their previous 23-year high. CBS News contributor Javier David has more on what that means for you.
Why the Fed cut rates for first time in 4 years
The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for TheStreet, joins CBS News to explain the Fed's move.
Federal Reserve enacts first rate cut since 2020
The Federal Reserve lowered interest rates by half a percentage point Wednesday, more than expected. It's the first rate cut since the pandemic in 2020, and the largest cut since the 2008 financial crisis. Jo Ling Kent has more on what the move means.
Fed cuts rates in final stretch of 2024 race
The Federal Reserve lowered interest rates by half a percentage point on Wednesday, its first cut in more than four years. The decision came on a busy day for the Trump and Harris campaigns. CBS News' Jo Ling Kent, Nikole Killion and Aaron Navarro have the latest.
Biden economic adviser unpacks Fed rate cut
The Federal Reserve reduced its benchmark interest rate for the first time in more than four years on Wednesday. The move will directly impact the finances of millions of Americans. Jared Bernstein, chair of the White House Council of Economic Advisers, joins "America Decides" to discuss.
Federal Reserve cuts interest rates
The Federal Reserve has announced a cut to interest rates by 0.50 percentage points. This is the first cut to its benchmark interest rate since March 2020. CBS News business analyst Jill Schlesinger and Al Root, an associate editor at Barron's, break down the news.
Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
Interest rates expected cut from the Fed
The Federal Reserve is expected to announce the first interest rate cut since 2020. CBS News business analyst Jill Schlesinger breaks down what economists predict may occur during today's announcement.
Previewing the Fed decision on rate cuts
The Federal Reserve is expected to cut interest rates Wednesday for the first time in four years, but how big could the cut be? CBS News contributor Javier David has a preview of the decision.
Here's how the Fed's rate cut could impact your credit card balance
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Here's how the Fed's rate cut today may impact your finances
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
High prices, low inventory for new homes
Americans looking to buy or rent a new home are seeing higher prices and low inventory. CBS News senior business and technology correspondent Jo Ling Kent breaks down the latest in the U.S. housing market.
PPI data meets expectations
Wall Street opened with a bumpy start Thursday after the producer price index in August rose in line with expectations. CBS News contributor Javier David discusses how the data might affect the Federal Reserve's interest rate decision next week.
Israeli airstrikes hit Yemen airport where WHO chief was about to board plane
Israel says it is targeting Houthi military sites in Yemen's rebel-held capital city, Sanaa.
Questions mount about cause of Kazakhstan plane crash
After the Azerbaijan Airlines jet crash, speculation mounted about why the plane went down and whether possible Russian air defense action may have played a role.
Storms, dense fog threaten holiday travel in parts of U.S.
Rain and high winds were expected roll through parts of Oregon and Washington, while fog settled over an area from Kansas City to Chicago.
What to know about after-Christmas sales from Amazon, Walmart and more
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
What to know about the Panama Canal's history amid Trump comments
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Memorials mark 20 years since tsunami killed over 200,000
The day after Christmas in 2004, a 9.1 magnitude earthquake triggered tsunami waves that killed some 230,000 people across a dozen countries.
Jennifer Crumbley requests to be released from prison pending appeal
Crumbley's attorney, Michael Deszi, filed a motion in the Oakland County Circuit Court on Thursday, arguing that Crumbley is not a "flight risk" and "poses no danger to the public."
Israel's attorney general orders investigation into Netanyahu's wife
The probe will focus on the findings of a recent investigative news program on alleged actions of Sara Netanyahu, the prime minister's wife, officials said.
"Baby Driver" actor Hudson Meek, 16, dies after falling from a moving vehicle
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
U.S.
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This week on "Sunday Morning" (December 29)
"Sunday Morning" remembers some of the newsworthy men and women who passed away this year, who touched us with their creativity and humanity.
ChatGPT hit by outages as OpenAI reports "high error rates"
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
What to know about after-Christmas sales from Amazon, Walmart and more
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
Storms, dense fog threaten holiday travel in parts of U.S.
Rain and high winds were expected roll through parts of Oregon and Washington, while fog settled over an area from Kansas City to Chicago.
Biden heads to St. Croix for final holiday as president
President Biden's final holiday in office will take place largely out of the public eye.
MoneyWatch
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ChatGPT hit by outages as OpenAI reports "high error rates"
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
What to know about after-Christmas sales from Amazon, Walmart and more
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
The toy industry is bracing for the impact of Trump's promised tariffs
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Pet food brand issues recall over bird flu contamination
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
Lawyers for ex-Abercrombie CEO say he has dementia, can't stand trial
Defense lawyers say the former longtime CEO of Abercrombie & Fitch may have dementia, prompting a competency hearing.
Politics
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Trump picks Miami-Dade commissioner as ambassador to Panama
Cabrera is county commissioner of District 6, which represents parts of Coral Gables, Hialeah and the City of Miami.
Biden heads to St. Croix for final holiday as president
President Biden's final holiday in office will take place largely out of the public eye.
What to know about the Panama Canal's history amid Trump comments
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Marianne Williamson launches bid for DNC chair
Marianne Williamson sought the Democratic presidential nomination in 2020 and 2024.
Trial of man accused in Trump assassination attempt in Florida pushed back
Ryan Wesley Routh is being held in Miami awaiting trial in Fort Pierce.
HealthWatch
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HealthWatch
Why some children are turning to GLP-1 drugs
A growing number of young people are receiving prescriptions for GLP-1 weight loss medications like Ozempic and Wegovy. Janet Shamlian examines why.
Pet food brand issues recall over bird flu contamination
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
FDA raises urgency of Costco egg recall
The FDA has raised the level of a Costco egg recall, warning of the risk of severe illness or death due to potential salmonella contamination. Over 10,000 cartons of Kirkland brand organic eggs sold at stores across the South are affected. Customers are urged to discard or return eggs marked with Julian code 327 and a use-by date of Jan. 5, 2025.
Expert tips to support your immune system
With flu levels rising, Dr. Rabia De Latour shares ways to support your immune system and stay healthy during the holidays.
How to stay healthy during holiday gatherings
Seasonal illnesses are increasing just days away from the holidays. The CDC reports positive flu tests are up 9% in the most recent week and cases of whooping cough are six times last year's rate. Dr. Susannah Hills, an ear, nose and throat specialist at Columbia University Medical Center, explains how to stay safe.
World
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Israel's attorney general orders investigation into Netanyahu's wife
The probe will focus on the findings of a recent investigative news program on alleged actions of Sara Netanyahu, the prime minister's wife, officials said.
Israeli airstrikes hit Yemen airport where WHO chief was about to board plane
Israel says it is targeting Houthi military sites in Yemen's rebel-held capital city, Sanaa.
What to know about the Panama Canal's history amid Trump comments
Here's what to know about the United States' involvement with building and operating the Panama Canal.
Memorials mark 20 years since tsunami killed over 200,000
The day after Christmas in 2004, a 9.1 magnitude earthquake under the Indian Ocean triggered tsunami waves that killed some 230,000 people across a dozen countries.
Russia says 4 arrested in alleged bomb plots to kill senior Defense officials
The arrest announcement follows the death of Russia's Lt. Gen Igor Kirillov, who was killed on Dec. 17 by a bomb hidden on an electric scooter parked outside his apartment building.
Entertainment
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"Baby Driver" actor Hudson Meek, 16, dies after falling from a moving vehicle
Hudson Meek, the 16-year-old actor known for his performance in the 2017 film "Baby Driver," died Dec. 21 in Alabama, authorities said.
Beyoncé's halftime show the highlight of a lackluster NFL Christmas slate
Beyoncé surprised fans by bringing out Shaboozey to perform "Sweet Honey Buckiin," and Post Malone joined her for "Levii's Jeans."
Angel Blue on Met role debut in "Aida" and Opera journey
Angel Blue, who was recently named Classical Music's "Vocalist of the Year," is set to perform the title role in "Aida" at the Metropolitan Opera. Known for her Grammy-winning performances, Blue will take the stage in New York beginning on Dec. 31. She joins "CBS Mornings Plus."
Netflix carrying 2 NFL games on Christmas Day. It's a big step.
Netflix will have one of its biggest days Wednesday since the site launched in 1998 when it airs two NFL games for the first time.
Prosecutor drops appeal, ending case against Alec Baldwin in "Rust" shooting
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
Technology
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ChatGPT hit by outages as OpenAI reports "high error rates"
The OpenAI issue was caused by an "upstream provider," according to the artificial intelligence organization.
AI features dominating tech heading into 2025
New artificial intelligence features appeared across the tech landscape this year, from the latest iPhone to chatbots like Google's Gemini. Adam Auriemma, the editor-in-chief at CNET, joins CBS News 24/7 with more.
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.
Researchers develop robot to help people walk
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
Holiday shoppers on the lookout for big TVs
TVs are some of the most popular items to fly off store shelves during the holidays. But this year, experts say shoppers are going bigger than ever. CBS News' Jeff Wagner explains.
Science
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These space missions will take off in 2025
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
Orca who carried her dead calf for 17 days has a new baby
Tahlequah has a newborn girl, years after she made headlines for carrying her dead calf for 17 days.
2,600-year-old shipwreck is raised from waters off Spain
An ancient shipwreck that dates back to the 7th century B.C.E. has been removed from waters off Spain, two decades after its discovery in 1994.
What to know about the winter solstice, 2024's shortest day
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
Class-action lawsuit over plastic recycling
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Crime
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Florida pizza delivery worker allegedly stabs pregnant customer after $2 tip
A pizza delivery worker, upset over a tip, allegedly repeatedly stabbed a pregnant woman at a Florida motel, a sheriff's office says.
Trump assassination attempt news
Ryan Routh, the man accused of trying to assassinate President-elect Donald Trump near his Florida golf course, could have his trial delayed as his lawyer mounts a legal defense. CBS News legal contributor Jessica Levinson has more on the latest developments.
3 shot, 1 stabbed in Christmas night dispute at Phoenix airport, police say
Gunfire at Phoenix Sky Harbor International Airport on Christmas night left three people wounded, police say. Another was stabbed. One was in critical condition.
Prison guard dead after Christmas morning assault by inmate, officials say
A corrections officer died after an assault by an inmate in an Ohio prison on Christmas morning, authorities say.
Backpacks full of $1.1 million worth of cocaine found near Canada border
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
Space
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These space missions will take off in 2025
Space agencies worldwide are gearing up missions in 2025 to expand humanity's horizons, from the moon and Mars to asteroids and beyond.
Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA delayes return date for astronauts
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Summer music heats up 2024
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.
Latest CBS News Videos
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What to know about latest bills Biden signed
President Biden celebrated the holidays with a bill-signing blitz on Christmas Eve. The 50 measures becoming law include the "Stop Institutional Child Abuse Act," championed by Paris Hilton, the "Stop Campus Hazing Act" and a law prohibiting Congress members from receiving retirement payments if they are convicted of certain crimes. CBS News' Scott MacFarlane has the details.
New details in the downed plane in Kazakhstan
Investigators are looking into whether Russian anti-aircraft defenses may have played a role in the deadly plane crash in Kazakhstan. Many questions remain about why the plane was diverted and what led to the crash that killed dozens. CBS News foreign correspondent Chris Livesay has more.
Why Trump wants to retake Panama Canal
President-elect Donald Trump spent Christmas Day laying out his foreign policy aspirations for his second term, including his threat to retake control of the Panama Canal. He also suggested the U.S. could take control of Greenland and Canada. CBS News political reporter Taurean Small has more on his recent statements and how the world reacted.
Severe weather in North Texas
A wave of storms is hitting the South with most of northeastern Texas and parts of Louisiana under tornado watches. Texas also faces potential hail, flash floods and wind gusts up to 70 miles per hour. CBS News national reporter Kati Weis reports.
Clashes in Syria after Assad ousting
Forces affiliated with Bashar al-Assad's ousted Syrian regime reportedly clashed with members of HTS, the Islamist group responsible for ending Assad's tenure. Lina Sinjab with BBC News, a CBS News partner, has more on the rising tensions.