Watch CBS News
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.
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.
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.
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.
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.
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.
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.
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 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.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
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.
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.
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."
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.
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.
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.
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.
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.
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.
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.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
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.
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.
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
The Federal Reserve kept interest rates steady on Wednesday, but officials still anticipate cuts later this year despite two straight months of higher-than-expected inflation. Nick Timiraos, chief economics correspondent at The Wall Street Journal, joins CBS News to discuss the Fed's path forward.
A judge convicted him of drugging and raping her and inviting dozens of other men to do the same.
A California judge issued a restraining order against a 20-year-old man who told FBI agents he'd been messaging with the Wisconsin shooter, authorities and court documents say.
House Speaker Mike Johnson is facing a revolt from fellow Republicans over a last-minute measure to keep the government funded and avoid a shutdown.
The union says workers at seven facilities will walk off the job this morning. It's an attempt to pressure the e-commerce giant for a labor agreement during the key holiday shopping period.
An attorney for Luigi Mangione, the suspect in the killing of UnitedHealthcare CEO Brian Thompson, says he will waive extradition at his hearing on Thursday.
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
Senators advance bill that would expand Social Security benefits to millions of Americans, including teachers, firefighters and others with public pensions.
A CBS News team gained access to a site outside Damascus which holds the precursor chemicals for Captagon, one of the most popular street drugs in the Middle East and beyond.
Erin West, 42, and Rubi Vergara, 14, were fatally shot Monday morning at Abundant Life Christian School in Madison, Wisconsin.
A California judge issued a restraining order Tuesday against a 20-year-old man who told FBI agents that he had been messaging with the Wisconsin shooter.
Erin West, 42, and Rubi Vergara, 14, were fatally shot Monday morning at Abundant Life Christian School in Madison, Wisconsin.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
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.
The Teamsters union says workers at seven facilities will walk off the job Thursday morning. It's an attempt to pressure the e-commerce giant for a labor agreement during the key holiday shopping period.
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
It's the last year the American Women Quarters Program will put historical female figures on reverse side of coins.
TP-Link routers could be banned in the U.S. over national security concerns, according to a report.
Senators advance bill that would expand Social Security benefits to millions of Americans, including teachers, firefighters and others with public pensions.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
Senators advance bill that would expand Social Security benefits to millions of Americans, including teachers, firefighters and others with public pensions.
House Speaker Mike Johnson is facing a revolt from fellow Republicans over a last-minute measure to keep the government funded and avoid a shutdown.
The 43-year-old heiress and actor has testified about her own experience as a teenager at treatment facilities.
The Commerce Department's action is a direct response to China's infiltration of telecom networks earlier this year.
Seed oils are making headlines, prompting fears around whether they can have negative effects on your health. Here's what to know.
A person in Louisiana has the first severe illness caused by bird flu in the U.S., the Centers for Disease Control and Prevention announced Wednesday.
"The mystery has finally been solved," Congo's health ministry says, after an unidentified disease outbreak started killing mainly women and children in a remote region.
The sisters share a special bond of getting a second chance at life, which they both received at the age of 38 years old.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
A French judge has found Gisèle Pelicot's ex-husband guilty of drugging and raping her for years and inviting dozens of other men to do the same.
A CBS News team gained access to a site outside Damascus which holds the precursor chemicals for Captagon, one of the most popular street drugs in the Middle East and beyond.
Ukrainian-born ballet phenom Sergei Polunin was rewarded for backing Putin's attacks on his native country, but he appears to have fallen from Moscow's graces.
A new Pentagon report says China is continuing to expand its nuclear force and has strengthened its ties with Russia over the past year.
The "Frankfurt Silver Inscription" shows the earliest evidence of Christianity north of the Alps.
Surviving members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, revisit the Great American Music Hall in San Francisco.
Ben Schwartz and James Marsden join "CBS Mornings" to discuss their roles in the highly anticipated sequel "Sonic the Hedgehog 3," distributed by Paramount Pictures.
Dave Matthews, Leon Bridges and Derek Trucks led a star-studded tribute to the Grateful Dead at this year's Kennedy Center Honors. Anthony Mason spoke with the band's three surviving core members about their journey to becoming one of the most influential bands in American history.
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
Comedian Nikki Glaser, known for her honest style, is gearing up to host the 82nd Annual Golden Globes.
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
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.
The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government's ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Giant hornets, dubbed "murder hornets," have been eradicated in the U.S., five years after the invasive species was first detected in Washington state.
World coal use is set to reach an all-time high in 2024, the International Energy Agency says, in a year all but certain to be the hottest in recorded history.
From record-breaking temperatures to devastating disasters, 2024 brought the world closer to the reality of what climate change looks and feels like. CBS News national environmental correspondent David Schechter reports.
Researchers determined that dozens of men, women and children were violently killed and cannibalized in Bronze Age-era England.
In this episode of “ClimateWatch,” CBS national environmental correspondent David Schechter looks back at the devastating hurricanes, landslides, flooding and more that impacted the U.S. this year.
A French judge has found Gisèle Pelicot's ex-husband guilty of drugging and raping her for years and inviting dozens of other men to do the same.
Erin West, 42, and Rubi Vergara, 14, were fatally shot Monday morning at Abundant Life Christian School in Madison, Wisconsin.
Luigi Mangione, the man indicted on murder charges in the shooting death of UnitedHealthcare CEO Brian Thompson, is expected to waive extradition back to New York, his lawyer said Wednesday. Mangione is currently in custody in Pennsylvania.
We are learning more about the background of a 15-year-old girl who authorities said opened fire Monday at a Christian school in Madison, Wisconsin, killing two people and wounding six others. Ian Lee reports from Madison.
An attorney for accused UnitedHealthcare CEO shooter Luigi Mangione said he plans to waive extradition to New York City this week. CBS News New York reporter Ali Baumen has the latest.
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 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 Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
Two astronauts who have been stuck aboard the International Space Station for months will have to wait even longer to come home. Their planned returned was delayed once again on Tuesday, pushing their earliest return trip back to late March. Manuel Bojorquez has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
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.
A bipartisan House deal on a short-term funding measure that would avoid a potential shutdown and keep the government operational through March appeared to have been scrapped Wednesday after President-elect Donald Trump, Vice President-elect JD Vance and some hardline Republican lawmakers came out against it. Nikole Killion has details from Capitol Hill.
Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."
Luigi Mangione, the man indicted on murder charges in the shooting death of UnitedHealthcare CEO Brian Thompson, is expected to waive extradition back to New York, his lawyer said Wednesday. Mangione is currently in custody in Pennsylvania.
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
We are learning more about the background of a 15-year-old girl who authorities said opened fire Monday at a Christian school in Madison, Wisconsin, killing two people and wounding six others. Ian Lee reports from Madison.