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.
Jerome Powell
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.
Inflation eases ahead of expected rate cuts
The inflation rate dropped to 2.5% in August, according to the latest data from the Labor Department, a further sign that the Federal Reserve will enact interest rate cuts when it meets next week. Jo Ling Kent has details.
Fed Chair Jerome Powell signals "time has come" for interest rate cuts
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
Powell signals interest rate cuts coming
Federal Reserve Chair Jerome Powell signaled Friday that the economy is ready for interest rate cuts, a move economists have been expecting will take place in September. CBS News contributor Javier E. David has more.
Dow, S&P 500 see worst daily loss since 2022
Fears of a U.S. economic slowdown sent markets falling at the start of the trading week on Monday, with markets in Asia and Europe falling as well. CBS News senior business and tech correspondent Jo Ling Kent has more from New York.
What's driving the global market sell-off?
Stocks plunged Monday amid fears that the U.S. is entering the early stages of a recession, with the Dow Jones falling 2.6 percentage points. CBS News senior business and tech correspondent Jo Ling Kent examines what's driving the global economic uncertainty.
Stock market suffering disastrous day
U.S. markets are taking a hit Monday with the Dow falling over 1,000 points to start the day and semiconductor stocks like Nvidia and Intel dipping over 7%. Overseas, Japan's market had the worst day in its history, dropping over 12%. CBS News contributor J.D. Durkin has more.
Stocks drop following weak July jobs report
The stock market plunged Friday after a weaker-than-expected July jobs report raised fears of a slowing economy. But should Americans actually be worried about the sell-off? CBS News contributor JD Durkin joins to discuss.
Fed chair defends holding off on rate cuts
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.
The Fed holds interest rates steady. Here's when to expect a cut.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
Federal Reserve holds interest rates steady
The Federal Reserve left the benchmark federal funds rate unchanged Wednesday. Experts still believe the Fed's September meeting could lead to cuts. CBS News business analyst Jill Schlesinger and CBS News contributor Javier David break down the decision.
Fed to make interest rate decision
Federal Reserve Chairman Jerome Powell will announce the agency's decision on interest rates Wednesday with cuts not yet expected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News to discuss the Fed.
Inflation slows more than expected in June
Labor Department data released Thursday showed the annual inflation rate cooled from 3.3% in May to 3% in June. That's lower than the 3.1% rate some economists had projected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to unpack the report.
Fed's Powell says "more good data" could open door to rate cuts
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."
What to look for in the U.S. government's June jobs report
Forecasters expect job numbers on Friday to show slower hiring in June, clearing the way for the Fed to cut interest rates later this year.
Voters feeling frustrated with inflation
The latest CBS News poll found that 72% of Americans say higher prices have been a hardship or more difficult, and 63% rate the economy as fairly bad or very bad. Mark Strassmann on how voters are feeling amid the signs that inflation is cooling — but not fast enough for many Americans.
Inflation eases as Fed holds rates steady
The Federal Reserve left interest rates unchanged Wednesday after the government announced consumer prices in May rose 3.3% year over year. The central bank has been hesitant to cut rates due to inflation. Ben Casselman, economy reporter for The New York Times, joins CBS News to unpack the data.
Federal Reserve holds interest rates steady
The Federal Reserve is leaving interest rates unchanged for now as it awaits a more sustained period of declining inflation in the U.S. economy. CBS News contributors J.D. Durkin and Javier E. David break down the decision.
How the Fed could react to May jobs report
The latest data from the Labor Department shows the U.S. added 272,000 jobs in May. The figure was much higher than economists expected, indicating that the market is not slowing down. CBS News senior business and technology correspondent Jo Ling Kent explains what the report means for the Fed's fight against inflation.
Fed holds interest rates steady
The Federal Reserve will keep its benchmark rate steady, a sign that inflation has not yet come down to the targeted rate. CBS News' Jill Schlesinger and Jo Ling Kent look ahead to what this means for Americans.
Fed keep rates steady: Breaking down decision
The Federal Reserve announced Wednesday it is keeping interest rates steady. The move comes as the central bank continues to deal with inflation. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss.
Fed chair says interest rate hike unlikely
The Federal Reserve announced Wednesday it is leaving interest rates unchanged. Rates are the highest they've been in more than twenty years. CBS News senior business and technology correspondent Jo Ling Kent joins to discuss.
Federal Reserve holds rates steady. Here's the financial impact.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Fed expected to leave interest rates alone
The Federal Reserve is set to announce its third interest rate decision of 2024 on Wednesday. CBS News contributor Javier David, managing editor of business and markets at Axios, discusses what to expect.
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Artemis II launch live updates as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-day mission around the moon and back. Follow live updates.
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Iran announces new strikes on U.S. targets hours ahead of Trump speech
Trump says he expects the U.S. war with Iran to end within several weeks despite unrelenting attacks from both sides and Iran's iron grip on the Strait of Hormuz.
Trump's address on Iran war tonight will lay out timeframe for ending conflict
President Trump is updating the nation on U.S. operations in Iran as he threatens to withdraw from NATO.
Supreme Court casts doubt on Trump's order to end birthright citizenship
The Supreme Court on Wednesday appeared open to invalidating President Trump's executive order that would end birthright citizenship.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
Federal government appealing order releasing 5-year-old from immigration custody
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
A COVID variant called "Cicada" is spreading. Here's what to know.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
Trump indicates he'll try to pull U.S. out of NATO
President Trump has told Britain's Telegraph newspaper he could try to terminate U.S. membership in NATO. He's railed against NATO allies for refusing to join the Iran war.
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DHS scraps Noem policy requiring secretary's review of all contracts above $100K
The Noem policy meant the secretary was required to personally sign off on thousands of DHS contracts.
U.S.
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Americans say this is their "magic number" to retire comfortably
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
Ted Bundy's DNA linked to death of Utah teen in 1974, sheriff's office says
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Trump's address on Iran war tonight will lay out timeframe for ending conflict
President Trump is updating the nation on U.S. operations in Iran as he threatens to withdraw from NATO.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
MoneyWatch
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Americans say this is their "magic number" to retire comfortably
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Elon Musk's SpaceX files confidential initial public offering
The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.
Will the Iran war slow U.S. hiring? Economists say risks are rising.
With oil prices rising and hiring already slowing, economists warn the Iran war could further weigh on U.S. job growth.
Hershey says it will shift back to classic Reese's recipe after backlash
Hershey said Wednesday it will use classic recipes for all Reese's products starting next year, after getting criticism for changing the popular treats.
Politics
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Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
Federal government appealing order releasing 5-year-old from immigration custody
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
State Department overhauls Foreign Service Officer Test
The State Department announced Wednesday that it is modifying the Foreign Service Officer Test to reflect the foreign policy goals of the Trump administration.
Trump's address on Iran war tonight will lay out timeframe for ending conflict
President Trump is updating the nation on U.S. operations in Iran as he threatens to withdraw from NATO.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
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A COVID variant called "Cicada" is spreading. Here's what to know.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
State health plan for foster kids threatened 8-year-old's cancer care
North Carolina and other states have insurance plans for kids in foster care, but many doctors did not accept patients on the plans, leaving kids' guardians scrambling to find health care providers.
States pay contractors millions to comply with Trump law to cut Medicaid rolls
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
World
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Magnitude 7.4 earthquake strikes off Indonesia's coast, tsunami waves possible
Indonesia, a vast archipelago of more than 280 million people, sits on major seismic faults and is frequently hit by earthquakes.
Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
Trump's address on Iran war tonight will lay out timeframe for ending conflict
President Trump is updating the nation on U.S. operations in Iran as he threatens to withdraw from NATO.
Activist ship's collision with krill trawler called "deliberate attack"
A video shows the moment when the M/V Bandero, operated by the Captain Paul Watson Foundation, steams toward the stern of the fishing vessel.
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U.S. commandos in Ecuador for mission targeting alleged narco-terrorists
American commandos joined Ecuadorian troops in a joint mission aimed at dismantling a suspected criminal hub along the country's coast.
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Entertainment
Kenan Thompson on new children's book
Actor and comedian Kenan Thompson joins "CBS Mornings" to discuss his new children's book, "Unfunny Bunny."
Crew that flew Apache helicopters near Kid Rock's house suspended
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Taylor Swift sued for trademark infringement
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Sharon Stone talks new season of "Euphoria"
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
Taylor Swift sued for trademark infringement over "The Life of a Showgirl"
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
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Technology
New film on risks and rewards of AI
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
Inside Apple's relationship with China
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
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.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Company tries to make flying car of the future
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
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Artemis II launch live updates as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-day mission around the moon and back. Follow live updates.
Snowy owl, cheetah among 40 species granted international protection
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Everything to know about NASA's Artemis II moon mission
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Arctic sea ice hits lowest winter level as heat records are shattered worldwide
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
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Ted Bundy's DNA linked to death of Utah teen in 1974, sheriff's office says
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
Baby in stroller killed in apparent stray-bullet shooting in Brooklyn
A child was being pushed in a stroller at Moore and Humboldt streets in East Williamsburg on Wednesday when she suffered a gunshot wound to the head, police said.
Kentucky Powerball winner arrested again
James Farthing, who won the $167.3 million Powerball jackpot last April, was arrested for a third time since collecting his grand prize. CBS News' Shanelle Kaul has more.
Son of Hawaii doctor testifies at trial
The son of a Maui doctor testified that his father confessed to him over FaceTime to trying to kill his stepmother, Arielle Konig, on a hike last year. Prosecutors allege Gerhardt Konig tried to push his wife off a cliff, attempted to inject her with a syringe and hit her in the head with a rock.
Luigi Mangione lawyers seek to postpone trial
Lawyers for Luigi Mangione, the man charged with the murder of UnitedHealthcare CEO Brian Thompson, are seeking to postpone his federal murder trial. CBS News' Lilia Luciano reports.
Space
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NASA's Artemis II astronauts launched on a nine-day mission around the moon and back. Follow live updates.
How to watch the Artemis II launch
As launch time approaches for NASA's first moonshot in more than half a century, anticipation is building for the Artemis II mission. Here's how to watch today's liftoff.
Smooth countdown continues for Artemis II moon mission
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
Countdown begins for long-awaited Artemis II moon mission
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
These 4 astronauts are making history on flight around the moon
NASA's Artemis II astronauts — three space station veterans and a Canadian rookie — stand out even in an astronaut corps full of super achievers.
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What Artemis II astronauts will do in space
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
How Artemis II crew will sleep in space
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
How do astronauts use the bathroom?
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
Why astronauts play cards before launch
Minutes before departing for the launch pad on Wednesday, the Artemis II crew completed one final task: a game of cards. Retired NASA astronaut and U.S. Navy SEAL Chris Cassidy joins CBS News to discuss the mission.
What comes next for the Artemis II mission?
NASA kicked off a historic lunar mission on Wednesday, sending astronauts farther from Earth than ever before. CBS News senior national correspondent Mark Strassmann has more.