Effects roducer price data
New economic data is trickling in and the latest producer price index numbers could signal a potential trend about the state of inflation in the U.S. CBS MoneyWatch correspondent Kelly O'Grady has more.
Mortgage Rates
Inflation rises slightly
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
Buyers await mortgage relief after Fed cuts
The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.
Trump lays out some economic proposals
Voters consistently list the economy as one of the top issues that drove them to the polls. CBS News contributor J.D. Durkin breaks down President-elect Donald Trump's economic proposals and what they mean for Americans' finances.
What the Fed interest rate cut means for you
Federal Reserve Chair Jerome Powell announced an interest rate cut Thursday for the second time in the last three months as inflation continues to decline. CBS News contributor Javier E. David has more on what that might mean for you.
Fed cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.
Senate GOP members fight for leadership role
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
Federal Reserve interest rate cut news
The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the cut's impact.
Potential interest rate cut news coming
The Federal Reserve will announce Thursday whether it will cut interest rates again after a jumbo cut in September. CBS News business analyst Jill Schlesinger breaks down what economists expect.
How some Nevada voters see the affordable housing crisis
Vice President Kamala Harris has proposed building three million new homes and rental units, while former President Donald Trump has said he will reduce mortgage rates by slashing inflation.
"Mornings Memory": 1979's tough market
In today's tough housing market, homebuyers face high mortgage rates — but it's not the first time. A CBS News report from 1979 shows a young family in Chicago struggling with even steeper rates of 11%. Here's a look back at how history is repeating itself.
Why mortgage rates rose after falling
Mortgage rates dropped after the Fed's interest rate cut announcement in September. Although rates appear to have slightly risen since dropping to a record two-year low, experts still believe they will trend down if the U.S. economy remains stable. Bankrate's Mark Hamrick joins CBS News with more.
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.
Interest rate cuts impact stock prices
The Federal Reserve Board's announcement to cut interest rates has made stocks surge for now and mortgage rates slightly drop. CBS News senior business and technology correspondent Jo Ling Kent looks at the data.
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.
How one first-time homebuyer spent three years searching for a house
The real estate market is especially tough for first-time homebuyers like Shruti Chauhan, who has been hunting for years.
Challenges facing first-time home buyers
Many prospective first-time home buyers feel like they're at a disadvantage as they face high interest rates and competition from a spiking number of all-cash offers. CBS News correspondent Nancy Chen has more.
Mortgage rates fall to lowest since April 2023. Here's where they're headed.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Here are the top zip codes for home sales, according to Realtor.com
Metros in the Midwest and Northeast stole the top slots on this year's list.
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.
Mortgage rates starting to come down
Mortgage rates are finally starting to come down, which is giving some homeowners a bit of relief. But many looking to buy could still face unaffordable prices and a tight market. Elise Preston has more.
Mortgage rates tumble to lowest since April 2023 after weak jobs report
Homebuyers are getting some relief from high borrowing costs as mortgage rates sink on expectations the Federal Reserve will cut rates.
Zombie mortgages come back to haunt homeowners
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
How zombie mortgages haunt homeowners
Zombie debt refers to long-forgotten or old debts that resurface, often with accumulated interest and fees, threatening the financial stability of unsuspecting homeowners and sometimes leading to foreclosures. CBS News national consumer correspondent Ash-har Quraishi reports.
Scientists still identifying 9/11 victims' remains, giving answers to loved ones
The New York City Office of Chief Medical Examiner has pledged to continue efforts to identify 9/11 victims' remains for as long as there are families looking for answers.
Biden OKs Ukraine's use of U.S.-provided weapons deep inside Russia
The easing of restrictions would allow Kyiv to use the Army Tactical Missile System, or ATACMS, to hit targets inside Russia.
"Everything as it was": Explore the bedrooms of kids killed in school shootings
The families of eight school shooting victims opened their doors to Steve Hartman and photographer Lou Bopp, allowing them to document their children's bedrooms.
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."
Biden becomes first sitting U.S. president to visit Amazon rainforest
Mr. Biden has made addressing climate change a key part of his policy agenda.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Organic carrots recalled after E. coli outbreak. These are the brands impacted.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
U.S.
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Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
San Diego, Tijuana Youth symphonies unite for historic cross-border performance
The performance was part of an effort to bridge communities through creativity and innovation during this year's "World Design Capital" designation.
Organic carrots recalled after E. coli outbreak. These are the brands impacted.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
MoneyWatch
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Organic carrots recalled after E. coli outbreak. These are the brands impacted.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Trump's win could sharply raise the cost of electric vehicles. Here's why.
Americans looking to purchase EVs may want to do so quickly, as the incoming administration is likely to axe a $7,500 tax credit.
Social Security bill to expand benefits is in the hands of the Senate
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out.
How much money did Mike Tyson and Jake Paul make for their big fight?
Mike Tyson, a boxing legend, and Jake Paul, a social media legend, threw down Friday in Dallas. Financially, they both came out winners.
Some U.S. women are being asked to prepay for their baby
Pregnant women say health care providers are billing them to deliver their babies earlier than expected. Patient advocates say that's unethical.
Politics
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Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Birx says she is "excited" for data-driven discussions in RFK Jr.'s confirmation hearings
Dr. Deborah Birx, former White House Coronavirus response coordinator, said Sunday she is "excited" for the data on key health issues that will surface in Senate confirmation hearings for Robert F. Kennedy, Jr.
Full transcript of "Face the Nation with Margaret Brennan," Nov. 17, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sue Gordon and Dr. Deborah Birx join Margaret Brennan.
HealthWatch
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Combating Parkinson's with rock climbing
There is currently no cure for Parkinson's Disease. But some with Parkinson's are finding that an unusual therapy – rock climbing – is helping them improve their balance, mobility, strength and cognition.
Woman in Idaho abortion ban case shares her story
Kayla Smith, one of the plaintiffs in a lawsuit against Idaho's restrictive abortion ban, tells Nicole Valdez about "the most traumatic experience" of her life. She and five other women are suing the state to clarify and expand abortion exceptions.
U.S. health officials report 1st case of new form of mpox in a traveler
The person had traveled to eastern Africa and was treated in Northern California upon return, according to the California Department of Public Health.
This mom moved 9,000 miles seeking medical treatment for her son
A mother and son flew 9,000 miles to seek care for his spinal condition after they'd exhausted options in their home country.
What to know about RFK Jr.'s stances on key health issues
Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services, has raised controversy on topics ranging from vaccines to fluoride to food.
World
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Biden OKs Ukraine's use of U.S.-provided weapons deep inside Russia
The easing of restrictions would allow Kyiv to use the Army Tactical Missile System, or ATACMS, to hit targets inside Russia.
Sara becomes tropical depression after landfall in Belize
Tropical Storm Sara made landfall near Dangriga, about 55 miles southeast of the capital Belmopan, the Miami-based National Hurricane Center said.
Gold watch gifted to Titanic hero sold for record price
The 18-carat Tiffany & Co. watch was given by three women survivors to Capt. Arthur Rostron for diverting his passenger ship, the RMS Carpathia, to save them and others after the Titanic struck an iceberg and sank in the north Atlantic.
Hezbollah spokesman killed in Israeli airstrike in Beirut, official says
The Hezbollah militant group has a strong presence in central Beirut, known as the Dahiyeh, and the strikes came as Lebanese officials are considering a U.S.-brokered cease-fire proposal.
Russia launches massive attack at Ukraine's infrastructure
The attack came as fears are mounting about Moscow's intentions to devastate Ukraine's power generation capacity ahead of the cold winter.
Entertainment
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Cher opens up about life with Sonny
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
Cher opens up about life with Sonny
It took forever for Cher to write her story, but this week, her memoir (that is, "Part One" of her memoir) is being released. She talks with correspondent Anthony Mason about her relationship, on stage and off, with Sonny Bono; the shocking truth she learned about "Cher Enterprises"; and why Sonny & Cher's TV partnership survived beyond their marriage.
Extended interview: Cher
In this web exclusive, correspondent Anthony Mason sits down with the singer Cher to talk about her new book, "Cher: The Memoir – Part One," which explores the "crazy ride" of her childhood. She also discusses her relationship with Sonny Bono, and why their extraordinarily successful musical duo, Sonny & Cher, survived the breakup of their marriage.
"Gladiator II" star Paul Mescal on his relationship with fame
He's earned critical acclaim and award nominations for performances in "Aftersun" and "Normal People." Now, Irish actor Paul Mescal, who's become a Gen Z heartthrob, is front-and-center of Ridley Scott's epic "Gladiator II."
"Gladiator II" star Paul Mescal
Paul Mescal has earned critical acclaim and award nominations for his performances in "Aftersun" and the TV series "Normal People." Now, the Irish actor who's become a Gen Z heartthrob is front-and-center of "Gladiator II," Ridley Scott's sequel to his Oscar-winning 2000 epic of ancient Rome. Mescal talks with correspondent Seth Doane about acting alongside such icons as Denzel Washington; and what he first felt on stage in a high school production of "The Phantom of the Opera."
Technology
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Technology
How this new car runs without gas or electricity
As climate change intensifies, the race for a more eco-friendly car has revved up. Itay Hod reports on the newest twist on travel.
"Human … Please die": Chatbot responds with threatening message
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
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.
Meta facing courtroom battle
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The Guardian to stop posting on X, calling it "a toxic media platform"
The Guardian says benefits of being on Elon Musk's social media platform X are outweighed by its "often disturbing content."
Science
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Science
How climate change impacts the economy
2024 is on pace to be the hottest year on record worldwide. CBS News Los Angeles meteorologist and climatologist Marina Jurica reports that extreme weather events cost the global economy over $2 trillion in the last 10 years.
Scientists say biggest coral in the world discovered in the Pacific
Scientists say they've discovered a "mega coral" three times bigger than the previous record holder - so huge they initially thought it was a shipwreck.
Surfboards with lights could deter shark attacks: "Invisibility cloak"
Seal-shaped boards decked with bright horizontal lights were less likely to be attacked by great white sharks, researchers found.
Trump officials likely to reverse drilling waste "methane fee" EPA is imposing
Oil and natural gas companies will have to pay a federal fee if they emit methane above certain levels under a rule being finalized by the Biden administration that incoming Trump officials are likely to reverse.
Site of ancient, key battle in Iraq found using spy satellite images
1970s-era U.S. spy satellite imagery has led archeologists to what they believe is the site of a seventh-century battle that was decisive in the spread of Islam in the region.
Crime
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Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Calvin Klein model charged with murder in NYC stabbing death
Dynus Saxon was arraigned in Bronx criminal court in connection with the Nov. 10 killing of Kadeem Grant, the DA said.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
Photos key in family's quest to prove daughter's death was a homicide
After authorities ruled Megan Parra took her own life, her family would spend years investigating her death, recruiting two retired FBI agents and convincing local and state officials to take a second look at the case.
Texas mom's killer received text before murder: "I hope you handle it"
After Alyssa Burkett was murdered, detectives quickly learned that the prime suspect was the father of her child, Andrew Beard. But as the investigation unfolded, they would find out that Beard wasn't the only one involved in the murder plot.
Space
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Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
Cargo ship brings science gear, holiday treats to space station crew
With an Election Day docking, the cargo ship delivered 3 tons of supplies and equipment, including an unusual wooden satellite.
The Taurid meteor showers will peak a week apart in November
Two sister meteor showers are already flashing across night skies — and will peak a week apart.
Latest Galleries
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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.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
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.
Evidence in "The Dexter Killer" case
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.
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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Latest CBS News Videos
11/17: The Takeout: Vermont Sen. Peter Welch
Sen. Peter Welch, a Democrat from Vermont, reflects on the 2024 election with Major Garrett, talks about Donald Trump's Cabinet selections, and looks ahead to how Democrats can navigate the next two years of full GOP control in Washington.
U.S., Mexican youth symphonies perform together
Two youth symphonies, one from San Diego and the other from Tijuana, joined forces over the weekend for a performance in California. Andres Gutierrez has the story behind the show.
Notre Dame set to reopen after fire
Paris' Notre Dame Cathedral is set to reopen more than five years after a devastating fire almost destroyed the iconic landmark. Elaine Cobbe takes a look at the restoration process.
Trump's possible impact on EV sales
Electric vehicle sales hit an all-time high this summer, but some worry the incoming Trump administration could put a dent in sales. Ryan Yamamoto explains why.
Gymnastics coach Béla Károlyi dies at age 82
Béla Károlyi, who coached the U.S. women's gymnastics team to its first Olympic gold medal, has died at age 82. Shanelle Kaul looks back at his life and controversial legacy.