The Federal Reserve is expected to raise short-term interest rates Wednesday. They're likely to go up by one-quarter of a percent. This would be the third rate hike in the past 15 months. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss how the change will impact you if you're saving, investing, using credit, or want to buy a home or car.
After a slow start, the Dow Jones Industrial Average was up 13 percent in 2016. The U.S. economy has also added more than 1.7 million jobs in the private sector and hourly wages increased nearly 3 percent in the past year. MoneyWatch correspondent Jill Wagner joins "CBS This Morning: Saturday" to discuss how the optimism will impact the economy in the New Year.
Millions of Americans will consider buying a home next year. The number of sales of existing homes this year is expected to reach nearly 5.5 million -- the highest since 2006 -- but inventory is down. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to explain what that means for buyers.
Mortgage rates are at their highest levels since October 2014. A 30-year fixed rate loan now averages 4.2 percent. About 56 percent of mortgage applicants are homeowners looking to refinance. In this installment of our "Eye on Money" series, CBS News business analyst Jill Schlesinger joins "CBS This Morning" with some important reminders if you're thinking about a new mortgage.
Macy's is closing another 100 stores next year as it faces slowing sales and fierce online competition. The locations have not been disclosed, but the country's largest department store revealed it plans to sell its famous men's store in San Francisco's Union Square. Fortune magazine's digital editor Aaron Task joins "CBS This Morning" to discuss the implications of Macy's decision.
In a speech Monday, Donald Trump scrapped a tax plan that he announced last September and replaced it with a less expensive one drafted by House Republicans. During that economic speech in Detroit, Trump also attacked the policies of Hillary Clinton and President Obama -- but watch to see how some of their plans sounded a lot alike.
The parents of "Star Trek" actor Anton Yelchin are breaking their silence about his sudden death. They held an emotional news conference Tuesday and announced a "wrongful death" lawsuit against Fiat Chrysler, the parent company of Jeep. Yelchin was killed after his Jeep Grand Cherokee rolled backward and pinned him in his driveway. Kris Van Cleave reports.
McDonald's menu is getting a makeover. The world's number one burger chain announced Monday it is removing artificial preservatives from its iconic McNuggets, as well as several breakfast offerings. McDonald's will also roll out new hamburger buns this month that no longer include high-fructose corn syrup. Pulitzer Prize-winning journalist Michael Moss, also the author of best-selling book "Salt Sugar Fat," joins "CBS This Morning" to discuss the potential impact of these changes.
Terminix has agreed to pay $87 million settlement to a family sickened by a pesticide. Stephen Esmond became paralyzed in 2015, soon after checking into a condo in the United States Virgin Islands. It was located above another unit where Terminix exterminators had sprayed a hazardous chemical. Vinita Nair reports.
In a new fallout in the Volkswagen emissions scandal, lawsuits filed by three states claim top executives were involved with creating so-called "defeat devices." Software helped hundreds of thousands of so-called "clean diesel" cars pass tests in the U.S. The suits come weeks after an estimated $15 billion record settlement package with owners and regulators in the U.S. Kris Van Cleave reports.
Just over a week after its release, "Pokemon Go" has become one of the hottest mobile apps of all time. The video game sends players wandering around, trying to catch characters in real-life locations. The free app has surpassed Twitter in daily users, and people spend more time there than on Facebook. CBS News financial contributor Mellody Hobson joins "CBS This Morning" to discuss the business behind the app and potential security concerns.
Over the past 15 years, American workers have taken less and less vacation. In 2015, 55 percent of Americans surveyed didn't use all of their vacation time, leaving 658 million days unused and 222 million days lost. But workers who refuse to take their time off may be viewed as "work martyrs." Tony Schwartz, founder and CEO of The Energy Project, which advises companies on how to become more productive, joins "CBS This Morning" to discuss work-life balance.
There is new concern for some homeowners nearly 10 years after the last housing crisis. A recent New York Times investigation found that private equity firms, which bought distressed mortgages after the 2008 crisis, are making similar mistakes that banks made before the last bubble burst. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss whether homeowners should be worried.
Federal safety regulators are investigating the first deadly crash involving a self-driving car. Joshua Brown was using the auto pilot feature on his Tesla Model S in May when he was killed in a Florida highway collision. Brown posted a video to YouTube last year, showing the car's ability to avoid an accident. His death now raises big questions for self-driving technology. Kris Van Cleave.
Stock markets are still stabilizing after last week's Brexit vote. The Dow has rebounded around 550 points since Monday's losses. BlackRock Chairman and CEO Larry Fink says Britain's vote to leave the EU means there will be fewer people willing to make long-term investments and more who will hoard cash. Fink joins "CBS This Morning" to discuss the impact on the global economy, efforts to restore calm and why Trump's comments on global trade are "inappropriate."